Indonesia Morning News Roundup For March 3

Indonesia Morning News Roundup For March 3

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

Indonesia pledges $1bn a year to curb ocean waste
Indonesia has pledged up to $1bn a year to dramatically reduce the amount of plastic and other waste products polluting its waters. The announcement was made by Luhut Binsar Pandjaitan, Indonesia’s coordinating minister for maritime affairs at last week’s 2017 World Oceans Summit in Nusa Dua, Bali
— The Guardian

Heavy Equipment Production in Indonesia to Grow 14% in 2017?
Production of heavy equipment in Indonesia is targeted to grow 14 percent to 4,200 units in 2017, compared to 3,678 produced units in the preceding year. This growth should come on the back of rising activity in the nation’s mining sector, particularly Indonesia’s coal mining sector, in line with rising commodity prices.
— Indonesia Investments

Draft Law on Construction Services Approved by House of Representatives
In December 2016 the house of representatives passed the draft Law on Construction Services (Draft Law). The Draft Law will replace Law number 18 of 1999 on Construction Services (Law 1999). The Draft Law will basically update all guidelines regarding the organization of construction services.
— Indonesia Investments

Weak Legal Certainty; Indonesia Ranks Lowest in Mining Sector
The Indonesian Mining Institute (IMI) is concerned about foreign perceptions of Indonesia’s mining sector. According to the Fraser Institute, a Toronto-based public policy research and educational organization, Indonesia now ranks lowest in terms of the “state of the investment climate in the mining sector across the world”
— Indonesia Investments

Government prepares funding scheme to buy Freeport’s shares’
An official has said the Indonesian government has enough funding to buy shares in copper and gold miner PT Freeport Indonesia as it has started to prepare a holding company to manage the mining site in Papua.
— Jakarta Post

Legislative Change Needed to End Child Marriage in Indonesia
President Joko “Jokowi” Widodo met with representatives of the United Nations International Children’s Emergency Fund, commonly known as Unicef, on Monday (27/02) following his return from Australia.
— Jakarta Globe

Indonesians shocked by Trump, but still admire US values
Indonesians are by turns shocked and bemused by Donald Trump’s volatile presidency, but many in the world’s most populous Muslim nation say his personality and actions — including his controversial travel ban — haven’t changed their positive view of the United States.
— San Francisco Chronicle

1-year penalty sought for journalist in Indonesia drug case
A prosecutor sought a one-year jail sentence Thursday for a former Reuters war correspondent who is on trial in Indonesia on charges of possessing hashish.
— ABC News

Indonesia Stock Market & Rupiah Update: Trump Speech Effect Felt
Indonesia’s benchmark Jakarta Composite Index (IHSG) surged 1.06 percent to 5,421.54 points shortly before closing on Thursday (02/03) as most Asian stock indices were in the green zone, lifted by the performance of Wall Street overnight. Indonesian stocks were actually the best performing stocks across Asia today. To explain why Indonesian stocks performed so well today, we need to look first at US stocks’ performance overnight. It is all related to Trump’s latest speech.
— Indonesia Investments

DNC Capital invests in Indonesian e-sports channel RevivaLTV
Zhexin IT Co’s Indonesian unit, DNC Capital, has invested an undisclosed amount in local e-sports media RevivaLTV (Revival) following an investment into game developer studio Toge Productions earlier this month.
— Deal Street Asia

Saudi Arabia’s King Salman urges fight against terrorism on Indonesia trip
Saudi Arabia’s King Salman called on Thursday (March 2) for a united fight against terrorism in a speech to Indonesia’s parliament during a landmark state visit to the world’s most populous Muslim-majority country.
— The Straits Times

President Jokowi entrusts King Salman with protecting Indonesians in Saudi
President Joko Widodo (Jokowi) has entrusted Saudi King Salman bin Abdul Aziz Al-Saud with protecting the rights of Indonesians currently living in Saudi Arabia.
— Antara News

Presiden Jokowi: Indonesia to host two international events in 2018
Indonesia will host two major international events next year that must be managed properly, according to President Joko Widodo (Jokowi).
— Antara News

PP Alat Plans $591m IPO This Year
PP Peralatan Konstruksi will be the first state-controlled construction company that will float its shares at the Indonesia Stock Exchange this year, as part of the company’s effort to raise a total of Rp 7.9 trillion ($591 million) in fresh capital for its planned expansion, a senior executive said on Wednesday (01/03).
— Jakarta Informer

Depok to build 1,000 kiosks for micro businesses
The city administration of Depok, West Java, has vowed to build 1,000 kiosks for micro enterprises in the city starting this year until 2021. It has so far conducted a location study and issued a regulation on the construction project.
— Jakarta Post

Police disperse women’s solidarity rally
A rally planned to be held in front of the Saudi Embassy on Jl. HR Rasuna Said in South Jakarta on Thursday was broken up after the police cornered the protesters on nearby Jl. Karet Raya beside the embassy, saying they had violated procedures.
— Jakarta Post

Indonesia supporting Kim Jong-nam murder suspect Siti Aisyah until proven guilty
Twenty-five-year-old Siti Aisyah, one of two women suspected of killing North Korean maverick Kim Jong-nam, was charged with murder on Wednesday by a Malaysian court, but the Indonesian government has reiterated its commitment to continue providing legal assistance and protection until she is proven guilty of the crime, raising questions about Siti’s possible involvement in a clandestine assassination plot.
— AsiaOne

Diggers disciplined over Papua fallout with Indonesia
The Australian Defence Force has disciplined officers involved in the tense defence brawl with Indo­nesia over West Papua.
— The Australian

Parties fail to reach compromise in conflict between FMI and Indonesia
Freeport-McMoRan’s international production remains in limbo as talks with Indonesia broke down last week.
— Eastern Arizona Courier

Indonesia seeks 9-year jail term for people smuggling kingpin
Indonesian prosecutors on Thursday (Mar 2) sought a nine-year jail term for a suspected people smuggling kingpin accused of organising an illegal migrant boat journey, in a case that sparked a diplomatic row with Australia.
— Channel NewsAsia

Germany invites Indonesia to join world’s biggest beverage fair
Germany’s leading organizers of trade fairs, Messe München, invited Indonesian beverage and liquid food producers to join their quadrennial exhibition called Drinktec in September this year.
— Jakarta Post

Indonesia Stocks May Open Under Pressure
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had gathered almost 45 points or 0.9 percent. The Jakarta Composite Index now rests just below the 5,410-point plateau, although the market may find renewed selling pressure again on Friday.
— Nasdaq

TOYO awarded FEED, EPC projects in Indonesia
Toyo Engineering Korea Limited, Korean subsidiary of Toyo Engineering group, has been awarded the Front End Engineering Design (FEED) Contract for a new polyethylene project of PT Chandra Asri Petrochemical Tbk (CAP).
— Hydrocarbon Processing

 

 

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

Journalist at AEC News Today
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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