Indonesia Morning News For April 10

Maybank Indonesia Set to Distribute Cash Dividends worth IDR360.8 Billion
PT Bank Maybank Indonesia Tbk has held the Annual General Meeting of Shareholders (AGMS) and Extraordinary GMS (EGMS) in Jakarta.
— Netral News

Uber’s exit in Indonesia sets off driver hunt by Grab and Go-Jek
The departure of ride-hailing company Uber Technologies from much of Southeast Asia has sparked competition between Grab and Go-Jek to recruit the American rival’s former drivers in Indonesia.
— Nikkei Asian Review (metered wall)

Indonesia blocks 101M prepaid SIMs
The Indonesian government blocked nearly 101 million prepaid SIM cards in March after mobile users failed to re-register their prepaid numbers with a valid identity document.
— Mobile World Live

Blockchain company to empower millions of Indonesians in world-first pilot
Horizon State, a company leveraging Blockchain to revolutionize community empowerment, today announced its strategic partnership with Dr. Marzuki Usman, a leading economist, and international FinTech firms — MorganDe Vere and MCV-CAP to provide Blockchain-powered services to the people of Indonesia.
— AEC News Today/ PR Newswire (media release)

Maybank Finance Offers Bond of IDR500 Bln, with Coupon up to 8.15 Percent
PT Maybank Indonesia Finance (Maybank Finance) is going to perform Maybank II Sustainable Bond Public Offering worth IDR5 trillion.
— Netral News

Minister issues ultimatum to ban European import commodities
Trade Minister Enggartiasto Lukita affirmed here on Monday that Indonesia will stop importing commodities from European nations if the parliaments of these countries insist on halting Indonesia`s crude palm oil (CPO) exports.
— Antara News

How Online Education May Boost Access to Quality Education in Indonesia
For archipelagic countries such as Indonesia, where infrastructure and connectivity are among some of many challenges, rapid technological developments have paved the way to improve access to education.
— Jakarta Globe

JIS Collaborates with Famous Indonesian Mural Artist Darbotz to Spark Students’ Creative Exploration
Today, over thirty JIS Middle and High School students have engaged in a mural art workshop with one of Indonesia’s most reputable artists, the internationally known Darbotz.
— AEC News Today/ PR Newswire (media release)

Indonesia to Regulate Non-Subsidized Fuel Prices to Control Inflation
Indonesia plans to regulate prices of non-subsidized vehicle fuels as part of efforts to control inflation and boost people’s purchasing power, Deputy Energy Minister Arcandra Tahar said.
— Jakarta Globe

Over 60 dead in Indonesia from drinking bootleg alcohol
More than 60 Indonesians are dead and dozens have been hospitalised from drinking illegal homemade alcohol, authorities said Monday, with the toll steadily climbing.
— The Jakarta Post

32.4 Percent Less Traffic Since Introduction Of Odd-Even Policy
According to an evaluation by the Indonesia Toll Road Authority, the implementation of the odd-even traffic policy has reduced traffic congestion along the Jakarta-Cikampek toll road.
— Indonesia Expat

Indonesia Can Be a $2.5t Economy by 2025
Indonesia is currently at a critical juncture. On one hand, its economy, in nominal terms, has grown at a solid 9 percent compounded annual growth rate, or CAGR, over the last five years, but a young and aspirational population makes sustaining that growth-momentum imperative.
— Jakarta Globe

Bangladesh looking for better balance of trade with Indonesia
Bangladesh is hoping for more balanced trade with Indonesia, according to Bangladeshi Ambassador to Indonesia Azmal Kabir, who says his country now buys more from Indonesia than Indonesia buys from Bangladesh.
— The Jakarta Post

Mubadala unit signs deal for offshore gas block in Indonesia
Mubadala Petroleum has announced that it has signed a production sharing contract (PSC) for Andaman I, an offshore exploration block awarded by the Government of Indonesia.
— Arabian Business

Indonesia stocks higher at close of trade; IDX Composite Index up 1.15%
Indonesia stocks were higher after the close on Monday, as gains in the Miscellaneous Industry, Agriculture and Infrastructure sectors led shares higher.
— Investing.com

Fears of tensions over polls in West Kalimantan overblown
The report (Ethnic tensions may flare as Kalimantan polls loom; March 26) gives the impression that the upcoming gubernatorial election in West Kalimantan will be marked by identity politics and be potentially divisive due to the different ethnic and religious backgrounds of the candidates.
— The Straits Times

Human Development Grants Must be Under One Ministry: Jokowi
President Joko Widodo [Jokowi] has requested that the 2019 State Budget (APBN) on Indonesia’s human resources must not be spread across multiple ministries, but rather controlled by one institution or ministry that can focus on funding clear programs.
— Tempo.co

6 free maps of Indonesia
Some quality maps of Indonesia can come in handy to illustrate ideas or projects for your website or blog, or to create your own maps.
— Asean Up

Investors target Indonesia’s 260m population
The promise of gold mines hidden in the jungle once lured investors to Indonesia.
— Financial Times

Indonesia, Australia finalize negotiation on CPO trade agreement
The Indonesian and Australian governments are finalizing negotiations on crude palm oil trade, Trade Minister Enggartiasto Lukita said here on Monday.
— Antara News

Indonesia, Ethiopia hold first bilateral consultation forum
The Foreign Ministries of Indonesia and Ethiopia held the first Bilateral Consultative Forum (FKB) in Bali on Monday (April 9).
— Antara News

Feature photo Asian Development Bank

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.

Indonesia Morning News For April 10 added by Stella-maris Ewudolu on April 10, 2018
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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.