Pertamina to give victims’ families Rp 200m
State-owned oil and gas company PT Pertamina plans to give the families of five people who were killed in a recent Balikpapan oil spill in East Kalimantan Rp 200 million (US$14,521) for compensation.
— The Jakarta Post
Indonesian tin mining company invests $26 million in Nigeria
Indonesian tin mining company PT Timah Tbk will invest US$26 million or equivalent to Rp356.2 billion to realize the business expansion of the state-owned enterprise in Nigeria.
— Antara News
Govt destroys Rp 7b in illegally imported Chinese fruits
The Trade Ministry has destroyed seven containers of apples and oranges worth Rp 7 billion (US$508,440) that were illegally imported from China.
— The Jakarta Post
Indonesia’s Aceh to take caning indoors after backlash
Indonesia’s conservative Aceh province says it will no longer allow canings for violations of Shariah law to be carried out in public, apparently in response to international condemnation of the caning last year of two men for gay sex.
— The News & Observer
Indonesia`s reserve assets stand at US$126 billion: BI
Indonesia`s official reserve assets stood at US$126 billion as of March-end 2018, still high though lesser than $128.06 billion recorded at the end of February 2018.
— Antara News
WB says Indonesia can maintain neutral rate policy, no massive outflows
The World Bank said on Thursday that Indonesian central bank still have rooms to keep its benchmark interest rate unchanged as the international lender forecast there will be no huge amount of capitals exiting from the country amid the normalization program in advanced nations.
Reporters fear for lives ahead of Indonesian elections
People working in the Indonesian media have expressed concern about the growing risk to their safety ahead of the June 27 local elections after a spate of cases involving reporters being threatened.
— UCA News (media release)
Strategic Analysis of Indonesia Power Generation Market
The Indonesia power generation market is expected to reach US$63.6 bn by the end of 2022. This market was recorded at US$14.1 bn in 2013 and is projected to expand at an 18.70% CAGR within a forecast period from 2014 to 2022, as stated in a research report released by Transparency Market Research.
— The Truth Today
Tourism could boost Indonesia’s economy
Indonesia is an archipelago that is made up of over 16,000 islands, many of them with their own unique attractions from diving spots with diverse marine life, beautiful beaches with pristine waters and places with rich histories.
— The Asean Post
New tax regulations in Indonesia could impact LMIRT
Lippo Malls Indonesia Retail Trust (LMIRT) on Wednesday announced that the Indonesian government has passed certain amendments to the regulations regarding payment of income tax on income received or earned from land and/or building leases in Indonesia from Jan 2.
— The Edge Markets
Indonesia Eyeing First Spot in 2019 World Halal Tourism Index
Indonesia is recently ranked second world`s halal tourism in the 2018 Global Muslim Travel Index (GMTI). GMTI was released by Muslim tourism research institution Crescent Rating.
Link Net Pays Out 2017 Dividend of IDR503.6 Billion
Internet broadband service provider PT Link Net Tbk (IDX:LINK) distributes the total cash dividend of fiscal year 2017 amounting to IDR503.6 billion.
— Netral News
The Conversation: ‘The missing link in the deliberation on Indonesia’s criminal code bill’
Indonesia plans to renew its criminal code to update the 100-year-old law.
— Coconuts Jakarta
Indonesia to buy 50,000 tonnes rice from Pakistan
Indonesia’s state food procurement agency Bulog is seeking offers from sellers in Pakistan to buy about 50,000 tonnes of rice, European traders said on Wednesday.
— The Nation
Amnesty International Indonesia calls for moratorium on death penalty
Amnesty International Indonesia has called on the Indonesian government to impose moratorium on execution in 2018, as a start toward abolishing the death penalty.
— Antara News
Moody’s May Cut Credit Rating of Property Firm Lippo Karawaci
Global credit rating agency Moody’s Investors Service may cut the credit rating of Indonesia-based property company Lippo Karawaci. Main reason for the cut would be the delay in the property firm’s release of its full-year 2017 financial report as well as a high amount of foreign-denominated debt and concern about the company’s liquidity.
— Indonesia Investments (media release)
Passenger File IDR 1 B Lawsuit Against Garuda Indonesia
Indonesian flag carrier Garuda Indonesia was sued by one of its passengers B.R.A. Koosmariam Djatikusumo, who was splashed by hot water when the airline’s stewardess served in-flight meals, causing a permanent scar.
Ubud Food Festival begins tomorrow, to feature 100 food stalls
Ubud this weekend is going to host Ubud Food Festival- a paradise for the food lovers. The three-day festival founded by Janet DeNeefe, a Ubud restaurateur and food writer will witness the art of molecular gastronomy as more than 100 chefs, restaurateurs, foodpreneurs will join the food extravaganza. The food fest is being presented by soya sauce company ABC.
Indonesia shares lower at close of trade; Jakarta Stock Exchange Composite down 0.79%
Indonesia equities were lower at the close on Thursday, as losses in the Miscellaneous Industry, Infrastructure and Manufacturing sectors propelled shares lower.
Go-Jek, Grab reluctant to respond to govt’s request
The Transportation Ministry has set a Friday deadline for app-based ride-hailing providers to change chair legal status into transportation companies, but Go-Jek and Grab have so far been reluctant to comment on the requirement.
— The Jakarta Post
Rise in bootleg liquor deaths linked to tougher alcohol laws
Increased consumption of oplosan appears to be linked to religiously-inspired regulations introduced by local governments across the country over the past two decades, to limit consumption of alcohol.
— Asia Times
Car Sales Drop in March
Car sales in march exceeded February`s figures, but on a year-on-year basis, the volume edged down.
Prabowo didn’t just announce a presidential run
Prabowo Subianto hosted a Rakornas (National Coordination Meeting) of his Gerindra party at his mountaintop lair in Hambalang, West Java.
— New Mandala
Indonesia Set for Repeat Contest in 2019 Presidential Poll
Former Army general Prabowo Subianto has accepted the endorsement of the main opposition party to stand as a candidate in next year’s presidential election, setting the stage for a rematch with President Joko “Jokowi” Widodo.
— Jakarta Globe
Govt to Launch Anti-Hoax Portal on Friday
The Ministry of Communication and Informatics with the community of Siberkreasi and the Anti-Defamation Society of Indonesia (Mafindo) will launch the Stop Hoax portal to prevent the circulation of fake news.
Rupiah Weakens by 19 Points on Thursday Afternoon
The interbank traded rupiah exchange rate in Jakarta on Thursday afternoon, moved down by 19 points to IDR13,769 compared to the previous position of IDR13,750 per US dollar.
— Netral News
World’s Leading Coffee Companies Commit to Tackle Deforestation in Indonesia
The Wildlife Conservation Society (WCS) announced today that a group of the world’s leading coffee companies has committed to addressing deforestation from illegal coffee production inside Indonesia’s Bukit Barisan Selatan (BBS) National Park – a key protected area for Sumatran tigers, rhinos, and elephants, and part of the “Tropical Rainforest Heritage of Sumatra,” an internationally recognised UNESCO World Heritage Site.
— Newswise (press release)
Feature photo Asian Development Bank
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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.