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 Stock Market May Test Resistance At 5,400
The Indonesia stock market has finished lower in two of three 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 above the 5,360-point plateau, although the market is expected to move higher again on Thursday.
Indonesia records 1.03 million tourist arrivals in January
The Central Statistics Agency (BPS) recorded 1.03 million foreign tourist arrivals in January, a 26.58 percent increase from the figure in January, 2016, which stood at 814,300.
— Jakarta Post
Indonesia inflation rate rises to 3.83% in Feb: stats bureau
Indonesia’s annual inflation rate increased in February, mainly due to higher prices for processed and raw foods as well as healthcare, the statistics bureau said on Wednesday.
— Business Times
Saving Indonesia’s wayward democracy
At a recent political function, President Joko “Jokowi” Widodo made a prognosis that Indonesian democracy had gone wayward.
— Today Online
Law enforcers recover 38 sea turtles in eastern Indonesia — 6 of them dead
Indonesian police arrested five fishermen last week for trafficking 38 sea turtles from an important nesting site in the archipelago country’s eastern waters.
Saudi King Kicks Off 12-Day Indonesia Trip
King Salman of Saudi Arabia began a 12-day visit to Indonesia Wednesday meant to cement plans for a $6 billion refinery project and build up ties between the two Muslim-majority countries, with Jakarta eyeing new funding for an underdeveloped petroleum industry.
— Wall Street Journal
Saudi Arabia to open 3 Arabic-language institutes in Indonesia
Saudi Arabia is planning to establish Arabic-language institutions in the three major Indonesian cities of Makassar, Medan and Surabaya, said Saudi Ambassador Osama Mohammed Abdullah Al-Shuaibi.
— Arab News
Jakarta to have the highest ferris wheel in Indonesia
A ferris wheel claimed to be the highest in the country will be placed on top of the shopping center AEON Mall, which is currently under construction, in Jakarta Garden City in Cakung, East Jakarta.
— Jakarta Post
Indonesia signs LoI with Switzerland on vocational education
Indonesia and Switzerland signed a letter of intent (LoI) for cooperation to strengthen Indonesia’s vocational education system in the manufacturing sector.
— Jakarta Post
Indonesia promotes the use of data for policymaking
AS THE largest economy in the Southeast Asia (SEA), Indonesia is one of the founding members of the Open Government Partnership (OGP), a multilateral initiative to promote transparency, fight corruption and harness new technology to strengthen government.
— Digital News Asia
Indonesia coal-fired plant nets jumbo financing
A coal-fired plant in Indonesia has attracted debt finance of US$3.355bn, from a group of predominantly Japanese lenders.
— Global Trade Review
How effective is media verification in stopping fake news?
The Indonesian authorities can take legal measures against fake news or libellous statements, which has the potential to foment social unrest, by using the already available regulations.
— Asia News Network
Indonesia, Saudi sign deals as king starts landmark visit
Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom’s monarch visited the world’s most populous Muslim-majority country for the first time in almost half a century.
— The Star Online
Indonesia faces test in push for mining reforms
The Grasberg mine in Papua, Indonesia, is the largest gold mine and second-largest copper mine in the world. Operated by PT Freeport Indonesia, a subsidiary of United States mining giant Freeport McMoran Inc, it was part of the initial wave of foreign investment that ensued after Indonesia liberalised its investment regulations in 1967.
— The Straits Times
More BlackBerry phones coming, one leaks out from Indonesia
It may seem ironic at first brush that there might actually be more BlackBerry smartphones released after BlackBerry itself decided to stop making its own smartphones. That is, of course, also an expected consequence since the production of devices is no longer dependent on BlackBerry’s capabilities. The year may have kicked off with the BlackBerry KEYone, previously the “Mercury”, but 2017 may see at least 5 new BB phones launched. One from BB Merah Putih in Indonesia, might actually be closer to launch.
— Slash Gear
Forget Target: This Indonesia Department Store Is Also In Trouble But Twice As Expensive
Target (TGT) tumbled 12% on Tuesday to a one-year low after reporting that it expected its same-store sales to decline in the low-single digit in fiscal year 2017.
— Barron’s (blog)
Poroshenko signs law on ratifying agreement with Indonesia on cooperation in defense industry
Ukrainian President Petro Poroshenko has signed the law on ratification of the agreement between the Cabinet of Ministers of Ukraine and the government of Indonesia on cooperation in the defense industry, approved by the Verkhovna Rada on February 8.
Feature photo: John Le Fevre
The Indonesia morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.