Indonesia Morning News For September 6

Indonesia Morning News For September 6

Indonesia morning news

Indonesia’s changes to oil, gas deals “positive” for investors – association
The archipelago overhauled its oil and gas production-sharing contract scheme earlier this year to reduce the burden of energy exploration on government finances.

Indonesia raises 17 trillion rupiah of bonds, above target
The government sold T-bills maturing in December 2017 with a weighted average yield of 4.90700 percent, while the T-bills maturing in September 2018 had a weighted average yield of 5.50633 percent.

Indonesia to keep debt-to-GDP ratio below 30%
Finance Minister Sri Mulyani has said the government will keep the country’s debt-to-GDP ratio below 30 percent, far lower than the legal threshold set at 60 percent.
The Jakarta Post

Indonesia to push capital market instruments for infrastructure financing
The government is considering ways to combine capital market instruments with traditional financing like bank loans and corporate bonds to fund infrastructure development.
The Jakarta Post

Tax revenues Rp685 trillion until August this year
The tax revenues were around 10.23 percent larger than recorded in the same period last year

BI: Deflation of 0.07 Percent Not Because of Declining Purchasing Power
Bank Indonesia (BI) denies a statement saying one of the causes for deflation of 0.07 percent in August 2017 is a decline in purchasing power.
Netral News

Indonesia takes Australia to WTO over duties on A4 paper
Indonesia has lodged a complaint at the World Trade Organization to challenge anti-dumping duties Australia has imposed on A4 paper, a document published by the WTO showed on Tuesday.
The Edge Markets

Indonesia palm oil output, exports likely rose in July – Reuters survey
Exports of Indonesian CPO were estimated to have risen in July to 2.4 million tonnes, from 2.2 million a month earlier.
Hellenic Shipping News

China: Shrinking Indonesian market brings down export price of apples
The slow sales has brought down the export prices of apples and pushed any company relying on exporting apples to Southeastern Asia into a very awkward position.
Fresh Plaza

PLN Looks at Gas Storage Facility Offer from Singapore
Iwan Supangkat, director of strategic procurement at state-owned power company PLN, met with Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan over an offer from the Singaporean Government to provide gas storage facilities.
Tempo (EN)

Exclusive: Indonesia retailer MDS puts $16m more in MatahariMall, ups stake to 16%
Indonesian retail firm Matahari Department Stores (MDS) – whose parent company Multipolar is part of the Lippo Group conglomerate – has increased its stake to almost 16 per cent in local e-commerce startup
Deal Street Asia

Gudang Garam Set to Sell Subsidiaries to Japan Tobacco Inc. for IDR9.02 Tln
The sale of shares worth US $677 million (IDR9.02 trillion) is expected to be completed in the fourth quarter of this year. JT Group will also take over the company’s debt of US $323 million, bringing the total agreement to reach US $1 billion.
Netral News

CapitaLand widens Indonesia footprint with serviced residence acquisition
REAL estate group CapitaLand on Wednesday said in a filing with the bourse operator that it further expands its footprint in Indonesia by investing S$74.3 million in a 192-unit serviced residence, Ascott Sudirman Jakarta, through its wholly owned serviced residence business unit, The Ascott Limited (Ascott).
Business Times

Potential exports of Indonesia’s Pertamina gasoil likely to be high sulfur: sources
This could help ease supply tightness of the fuel at a time when traders are shipping cargoes to the United States and Latin America after Hurricane Harvey disrupted U.S. Gulf refinery production.

Indonesia caps rice prices
Although prices for the grain have been relatively steady this year, the step comes as authorities intensify measures to ensure food prices remain in check as they are politically-sensitive due to their impact on the poor.
Khmer Times

Indonesia to bar Myanmar protest at world’s biggest Buddhist temple
Indonesian police have pledged to bar Islamist groups from staging a rally on Friday at the Borobudur Buddhist temple in central Java to protest against the persecution of Myanmar’s Rohingya Muslims.

Indonesia speaks up as global support for Rohingya grows
Indonesia is one of many Muslim nations voicing anger at Myanmar’s treatment of the Rohingya who number as many as 1.3 million mainly in Rakhine State.
UCA News

30-min Singapore-Indonesia fly-past to mark 50 years of diplomatic relations took 6 months of planning
These included planning of the flight formation and spacing, finding training spaces, and requesting for other flights to be shifted to accommodate the fly-past.
Straits Times

The Truth About China’s Indonesia South China Sea Tantrum
Though Indonesia is technically not a claimant to the South China Sea disputes, in reality, it has nonetheless been effectively an interested party, especially since China’s nine-dash line overlaps with Indonesia’s exclusive economic zone (EEZ) around the resource-rich Natuna Islands.
The Diplomat

Indonesian president looks at West Papua dialogue
Terms of reference for the dialogue are yet to be confirmed, but Jakarta is reluctant to have talks with the United Liberation Movement for West Papua which broadly represents the indigenous people of Indonesia’s Papua region.
Radio New Zealand

Lack of impartiality threatens rule of law in Indonesia
Rule of law in the country has remained elusive, with a lack of judicial independence having marred the legal process, a study released on Tuesday by the Indonesian Legal Roundtable (ILR) has found.
The Jakarta Post

Indonesia: Stop Raids on Homes of ‘Suspected Lesbians’
The raid and ensuing forced evictions violate the rights to privacy, non-discrimination and basic due process.
Human Rights Watch


Feature photo Anthony C
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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