Indonesia Morning News For September 29

Indonesia Morning News For September 29

Indonesia morning newsThe Indonesian Wall and Floor Tile Market is Projected to Reach USD 12.7 Billion by 2021: Ken Research
The Indonesia tiles industry will be driven by government investment in infrastructure development of airports and residential settlements. The Indonesian Wall and Floor Tile Market are expected to touch triple its size in 2016 by the end of 2021. This will be supported by increasing urbanization and mounting disposable income.
— PR Newswire (media release)

Indonesia: Indosat deploys 80% of SoftBank-backed fund, no plans to raise new vehicle
Indonesia’s telco firm Indosat Ooredo said it has deployed about 80 per cent, or equivalent to $40 million, of its $50 million, SoftBank-backed SB ISAT fund launched in 2014, CEO Alexander Rusli told this portal.
— Deal Street Asia

Citi Foundation Prepares Three-Year $100 Mln Committment to Prepare Global Youths for Job Market
Citi Indonesia announced announced on Wednesday (9/28/2017) of this year a global expansion of the Pathways to Progress initiative led by a Citi Foundation investment of US$100 million to connect 500,000 young people, ages 16-24, to training and jobs over the next three years.
— Netral News

Govt to cut red tape on funding for Asian Games 2018
A nation’s sports achievement, unfortunately, is not determined only by physical factors. In fact, many external factors other than athletes’ skills and discipline are also at play, affecting their achievements.
— The Jakarta Post

Rupiah Depreciates, Dollar Strengthens on Trump Plans to Cut Taxes
On trade opening Thursday (9/28/2017), the rupiah exchange rate against the US dollar moved weaker in the red zone.
— Netral News

Deposit Rates Begin to Decline Following BI Benchmark Rate Cut
Deposit rates began to decline after Bank Indonesia (BI) decided to adjust the benchmark rate.
— Netral News

Indonesia Stock Market Draws Positive Lead
The Indonesia stock market has slipped lower in three straight sessions, surrendering almost 50 points or 0.9 percent along the way. The Jakarta Composite Index remains just above the 5,860-point plateau although it’s due for a positive bounce on Thursday.
— Markets Insider

Indonesia set to pass law banning all gay characters on TV
Indonesian lawmakers have given the green light to a proposed law that would outlaw ‘LGBT behaviours’ on television.
— Pink News

Exclusive: Indonesia street food chain OTW seeks investors, eyes valuation of at least $5m
Indonesia-based fast food restaurant chain OTW is scouting for investors and is even mulling strategic partnerships that involve offloading a majority stake.
— Deal Street Asia

Uber launches in Cambodia and starts parcel delivery in Indonesia’s second largest city
Uber today launched its ride-hailing service in Cambodia and started a new feature in Indonesia’s second-largest city Surabaya: UberDeliver, an on-demand courier service.
— Tech in Asia

Indonesia to end moratorium on mega land reclamation project: minister
Indonesia is set to end a moratorium on a $40-billion land reclamation project involving 17 artificial islands off the northern coast of the capital Jakarta, a senior government minister told Reuters on Thursday.
— Reuters

Indonesia’s infrastructure developers to debut ‘komodo bonds’
Three Indonesian state-owned enterprises are planning to issue rupiah-denominated bonds overseas for the first time, testing investor appetite for the country’s infrastructure sector.
— Nikkei Asian Review (paywall)

Indonesia’s Bank Danamon seeks to unlock potential of real-time analytics and IoT integration
PT Bank Danamon Indonesia Tbk one of Indonesia’s largest financial institutions, is utilizing Talend Real-time Big Data Platform and Talend Data Services Platform to unlock the potential of real-time analytics and IoT integration.
— Networks Asia

Indonesia c.bank says will stabilise rupiah if pressure continues
Indonesia’s central bank will continue to intervene in foreign exchange markets if the rupiah remains under pressure and becomes more volatile, Doddy Zulverdy, an executive director at Bank Indonesia told Reuters on Thursday.
— Nasdaq

Livestock Expected to Help Indonesia Become Global Food Barn
Livestock, one of the important contributors to the agricultural sector, is expected to build the nation’s food resilience and help it achieve the ultimate goal of becoming a global food barn in 2045.
— The Cattle Site

Indonesia: Report reveals 38 deaths linked to lack of healthcare services in Yahukimo
Thirty eight residents in Semenage district, Yahukimo, Papua, were reported to have died during the May-August period due to sickness and poor access to healthcare services.
— ReliefWeb

Health conscious Indonesians cutting down on rice
Rice-loving Indonesia has been seeing growth in consumption of the staple slowing as people there get more conscious about their health.
— Food Navigator Asia

Virgin auction website arrest prompts trafficking fears
Human trafficking is under the spotlight once more in Indonesia following the arrest of the founder of a website that promotes “virginity auctions.”
— UCA News

Trade Ministry confiscates tons of illegal sugar, expired beef
The Trade Ministry announced on Thursday that it has confiscated 21.3 tons of illegal sugar and 47.9 tons of expired Australian beef during the first half of this year, and punished four firms for their alleged involvement in the irregularities.
— The Jakarta Post

Indonesian prisoners with HIV getting aid from UIC researchers
The University of Illinois at Chicago College of Nursing has received a four-year federal grant to assist HIV-positive prisoners in Indonesia — a southeast Asian country where the number of new infections is increasing rapidly.
— EurekAlert (media release)

Asia Coffee -Markets stay muted in Vietnam, Indonesia on low supply
Asian coffee markets remained subdued this week due to low supplies at the end the crop season in Vietnam and the harvest period in Indonesia, traders said on Thursday.
— Reuters/Kitco News

 

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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