Indonesia Morning News For September 28

Indonesia Morning News For September 28

Indonesia morning newsLimit of Import Duty on Goods Proposed Up to USD2,500 per Person
The imposition limit of import duty on goods from overseas is proposed to be increased by 10-fold, to USD 2,500 per person and USD10,000 per family.
— Netral News

7-Eleven Indonesia Parent Company Lost IDR642 Billion in First Semester
Modern Internasional (MDRN) suffered nett loss of IDR642,03 billion (IDR143 per share) in the first semester of 2017. The nett loss increased drastically than last year’s first period nett loss of IDR51,48 billion (IDR11 per share).
— Netral News

Street Hawkers Pave the Way to Indonesia’s First E-Commerce IPO
The first Indonesian e-commerce startup to go public will test investors’ appetite for technology companies that hail from Southeast Asia’s largest economy.
— Bloomberg Quint

Indonesia’s Freeport victory sets tone for foreign miners
For many Indonesians, investment banker-turned-minister Ignasius Jonan is the man who made trains run on time.
— Deal Street Asia

Indonesia stocks lower at close of trade; IDX Composite Index down 0.02%
Indonesia stocks were lower after the close on Wednesday, as losses in the Mining, Basic Industry and Agriculture sectors led shares lower.
— Investing.com

TPG looks to offload stake in BFI Finance Indonesia
An investor group that includes US private-equity firm TPG Capital is looking to sell its controlling stake in one of Indonesia’s oldest finance companies, in a deal that could value the company at about $US1 billion ($1.3bn), according to sources.
— The Australian

Indonesia Set to Build 1,000 Temporary Homes for Rohingyas in Bangladesh
Indonesia through a humanitarian organization Aksi Cepat Tanggap is going to start building 1,000 temporary homes for Rohingya refugees on the Bangladesh border so they can begin a new life.
— Netral News

Indonesia prepares to divert tourists
Indonesian authorities are on standby to divert flights destined for the holiday island of Bali as increasingly frequent tremors from a rumbling volcano stoke fears an eruption could be imminent.
— Inquirer.net/ Cebu Daily News

Currency of Indonesia: Rupiah Resumes Weakening Against US Dollar
Investors are again in search of safe haven assets on Wednesday (27/09), hence most emerging market currencies, including Indonesia’s rupiah exchange rate, are weakening against the US dollar. Based on the Bloomberg Dollar Index, the rupiah had depreciated 0.28 percent to IDR 13,412 per US dollar by 14:45 am local Jakarta time. Yesterday, the rupiah had already weakened 0.37 percent against the greenback.
— Indonesia Investments (media release)

Indonesia set to regulate OTT content providers
The government will issue a ministerial decree to regulate over-the-top (OTT) companies — such as Google, Twitter, Skype, Facebook, WhatsApp and Line — this year, to ensure a level playing field between local and foreign companies.
— The Jakarta Post

Employer-Supported Child Care Drives Economic Growth: Report
Better and more affordable child care is seen as a critical driver of economic growth, with companies across the globe realizing that offering child care services for their employees has a positive impact on their businesses, says a report released on Wednesday (27/09).
— Jakarta Globe

Poverty in Jambi slightly decreases: BPS
The number of people living below the poverty line in Jambi province decreased 0.38 percent to 290,810 people as of March 2017, compared to September 2016, according to data provided by the Jambi Central Statistics Agency (BPS).
— The Jakarta Post

Turkey’s Aksa to develop nat. gas plant in Indonesia
Turkey’s Aksa Energy signed a memorandum of understanding to develop a natural gas power plant project in Indonesia, the company announced on Wednesday.
— Anadolu Agency

Roy Morgan: Indonesia’s August Consumer Confidence Down Slightly
Based on the latest survey of Roy Morgan Indonesia, the local unit of global market research firm Roy Morgan Research, Indonesia’s consumer confidence fell slightly in August 2017 to a reading of 151.7 points (down 0.4 points from the preceding month, which had been the highest reading in more than two years).
— Indonesia Investments (media release)

Indonesia to open new investment doors to Qatar and Middle East
Qatar stands to gain from its participation in an upcoming economic forum hosted by Indonesia, which is opening investment opportunities to 19 countries in the Middle East, a Qatari businessman has said.
— Gulf Times

Number of Agung evacuees rises to 96,000
The number of residents evacuated from their homes near Mount Agung in Bali continues to rise.
— The Jakarta Post

 

Feature photo Royal Netherlands Institute of Southeast Asian and Caribbean Studies
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

 

Indonesia morning news by AEC News Today is your one stop source for Indonesia news on matters of governance and policies affecting Asean business communities and is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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