Indonesia Morning News Roundup For February 27

Indonesia Morning News Roundup For February 27
Estimated Reading Time: 4 minutes |

Welcome to the Indonesia morning news roundup by AEC News Today, your one stop for Indonesia news on matters of governance and policies affecting Asean business communities.

 

Indonesia morning news

Bank Indonesia Cuts Economic Growth Forecast for Quarter 1-2017
The central bank of Indonesia cut its outlook for Indonesia’s economic growth in the first quarter of 2017. Earlier, the lender of last resort estimated Indonesia’s Q1-2017 gross domestic product (GDP) at 5.05 percent year-on-year (y/y).
— Indonesia Investments

Indonesia’s Telecom Infrastructure to Beat Thailand by 2019: Minister
Minister of Communications and Information Technology Rudiantara has said that Indonesia’s telecommunications infrastructure may surpass that of Thailand by 2019.
— Jakarta Globe

Community-based rehabilitation to fight drugs abuse: Minister Parawansa
ocial Affairs Minister, Khofifah Indar Parawansa stated that community-based rehabilitation (RBM) was one of the mechanisms to fight drugs abuse, use of psychotropics, and other addictive substances.
— Antara News

Australia, Indonesia restore full military ties, see progress on trade
SYDNEY: Australia and Indonesia said on Sunday that full military ties between the two countries had been restored, after Indonesia’s military suspended cooperation in January because of “insulting” teaching material found at an Australian base.
— Channel NewsAsia

StanChart seeks Indonesian solution by end of next year
Standard Chartered chief executive Bill Winters has identified three options for resolving the UK-listed bank’s unsatisfactory position in Indonesia.
— Financial Times

Joko Widodo warns Malcolm Turnbull over ‘interference’ with Indonesia
Indonesian President Joko Widodo delivered a diplomatic uppercut to PM Malcolm Turnbull as he warned Australia not to meddle in the domestic affairs of the world’s most populous Muslim nation.
— The West Australian

Jokowi meets Australian CEOs, shares confidence about Indonesia’s economy
President Joko “Jokowi” Widodo kicked off his two-day trip to Sydney on Saturday noon by meeting with CEOs of Australian multinational companies, during which he assured them about Indonesia’s supportive investment climate despite global and domestic challenges.
— Jakarta Post

Indonesian chief economic minister criticizes Oxfam`s gap report
Chief economic minister Darmin Nasution questioned Oxfam report that four richest mens wealth in Indonesia is equal that of 100 million poorest in the country saying here on Friday that the data had to be clarified.
— Antara News

Yamaha Corp to Build New Musical Instrument Plant in Indonesia
The Yamaha Corporation plans to invest IDR 568.5 billion (approx. USD $43 million) to develop a musical instrument manufacturing factory in Indonesia. Japan-based Yamaha Corporation is a multinational with a wide range of products and services, including musical instruments, electronics, motorcycles and power sports equipment.
— Indonesia Investments

459 tonnes of luggage including 2 Mercedes-Benz limousines for Saudi King Salman’s visit to Indonesia
Saudi Arabia’s King Salman bin Abdulaziz al-Saud and his 600-strong entourage will make a heavyweight stop in Indonesia this week on the monarch’s first visit to South-east Asia since ascending the throne in 2015.
— The Straits Times

Indonesia’s Astra exec says it will not sell stake in Bank Permata
Indonesian conglomerate PT Astra International Tbk will not sell its stake in lender PT Bank Permata Tbk, the company’s top executive said on Friday.
— Deal Street Asia

Rocket Internet’s Zalora said to be exiting Indonesia after selling Philippines’ ops
Rocket Internet-backed Zalora is reported to withdraw from Indonesia after it decided to sell its Philippines operation to Ayala Corp, who announced that it will buy 43.3 per cent ownership in Zalora operator BF Jade E-Service Philippines for an undisclosed amount.
— Deal Street Asia

Indonesia’s Angel-eQ network looking to invest in 5 startups, adding more angels: Sandiaga Uno
Indonesia’s angel investor network Angel-eQ is looking to add five new startups into its portfolio this year, while at the same time attracting more angels. It is hoping to get at least another five to seven angels who are willing to invest between $500,000 to $1 million per ticket, according to politician and entrepreneur Sandiaga Uno.
— Deal Street Asia

Ghost ships: Why are World War II naval wrecks vanishing in Indonesia?
Seventy-five years ago this month, Australia, the UK, US and the Netherlands suffered a series of disastrous naval defeats against Japan in the narrow straits and seas around Indonesia.
— ABC Online

Indonesia: Shinta Dhanuwardoyo named co-founder and president of Sqeeqee.com
Indonesian digital veteran and CEO of Bubu.com Shinta Dhanuwardoyo has been named co-founder and CEO of Sqeeqee, according to a release. Dhanuwardoyo will be working together with Jenny Q. Ta to develop the website, dubbed as the world’s first “social networthing” platform.
— Deal Street Asia

 

 

Feature photo: John Le Fevre

 

 

The Indonesia morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

 

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Stella-maris Ewudolu

Stella-maris Ewudolu

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships.Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.
Stella-maris Ewudolu

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