Indonesia Morning News For April 4

Indonesia Morning News For April 4

Indonesia morning newsIndonesia declares state of emergency as oil spill spreads
Indonesia has declared a state of emergency to help stop a deadly oil spill spreading off the coast of the island of Borneo.
— BBC News

U.S. locks in anti-dumping duties on biodiesel from Argentina, Indonesia
The U.S. International Trade Commission said on Tuesday that the dumping of biodiesel imports from Argentina and Indonesia harms American producers, a move that locks in place duties on the imports.
— Reuters

Indonesia Records Transactions of IDR13.4 Bln on Vietnam International Travel Mart 2018
Ministry of Tourism succeeded in recording transactions of IDR13.4 billion from Vietnam International Travel Mart (VITM) 2018.
— Netral News

Australia ends anti-dumping probe into steel rod from Indonesia, Vietnam, S Korea
Australia has ended an anti-dumping probe into imports of steel rod in coils from Indonesia, South Korea and Vietnam.
— Metal Bulletin

Indonesia Targets Third Position in Global Footwear Industry
Indonesia is targeting the third position in the global footwear industry by improving its current position as the fourth country after China, India, and Vietnam.
—  Tempo.co

Indonesia plans bigger biodiesel use in 2018 — govt document
Indonesia’s energy ministry is aiming to allocate 3.46 million kilolitres for biodiesel in 2018, according to a government document seen by Reuters, a plan expected to boost consumption of the palm-based biofuel.
— The Edge Markets

Capital Punishment, Human Rights, and Indonesia’s Chance for the Moral High Ground
The execution of Indonesian migrant workers highlights the need for new protections, both abroad and at home.
— The Diplomat

Debts for Kertajati Aiport Construction Reach Rp600 Bn
The regional-owned enterprise PT Bandarudara Internasional Jawa Barat (BIJB) CEO Virda Dimas Ekaputra stated the construction progress of the west area of Kertajati Airport was at 92 percent completion. He admitted there was a delay in paying the project contractors.
— Tempo.co

Construction of Greater Jakarta LRT Reaches 35.20 Percent
PT. Adhi Karya (Persero) Tbk noted the construction progress of Jakarta-Bogor-Depok-Bekasi light railway train (Greater Jakarta LRT) has reached 35.20 percent.
— Netral News

Indonesia takes over part of Singapore’s logistics role
Indonesia is now developing a second generation of Bonded Logistic Centers (PLB Second Generation), as PLB First Generation was considered a success in reducing logistic costs.
— The Jakarta Post

Indonesia’s dying timber concessions, invaded by oil palms, top deforestation table
The rate of deforestation in selective-logging concessions in parts of Indonesia has unexpectedly overtaken those of pulpwood and oil palm concessions, a new study shows.
— Mongabay

How BP got it right in Indonesia
Situated in the so-called Bird’s Head region at the western end of Papua, British oil company BP’s Tangguh liquefied natural gas (LNG) project has never generated the same controversy as that of US mining giant Freeport McMoran, its distant neighbor hundreds of kilometers to the east.
— Asia Times

Environment Ministry Prepares Regulation to Reduce the Use of Plastic Bags
Ministry of Environment and Forestry (KLHK) is preparing regulation related to efforts to reduce plastic bags that are currently increasing in number.
— Netral News

Consumer confidence strengthens in March
Consumer confidence rebounded 3.6 percent to 100.8 points in March from 97.3 in the previous month, according to a survey conducted by Danareksa Research Institute (DRI).
— The Jakarta Post

Yes, Banks Will Definitely Eat Up Your Meager Savings
Niken Larasati, 25, diligently saves money but it seems her bank savings will not grow as she had imagined. She can see the money disappearing instead.
— Jakarta Globe

Indonesia shares lower at close of trade; Jakarta Stock Exchange Composite down 0.19%
Indonesia equities were lower at the close on Tuesday, as losses in the Consumer Industry, Agriculture and Manufacturing sectors propelled shares lower.
— Investing.com

Bank OCBC NISP Distributes Bonus Shares with Ratio 1:1
The Annual General Meeting of Shareholders (AGMS) of Bank OCBC NISP (IDX:NISP) has agreed on the plan to distribute bonus share to shareholders. Every share owned by the holder will get one share or ratio 1:1.
— Netral News

Indonesians and Malaysians unite to roast Masterchef UK judges over rendang ignorance
Who would have guessed that the one thing that would finally unite Indonesians and Malaysians is the same dish that has divided the two country’s citizens for so long in the first place?
— Coconuts Jakarta

Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target
Indonesia’s finance ministry sold 6.79 trillion rupiah ($493.35 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said.
— Business Recorder (media release)

OJK Approves Foreign Majority Stake in Bank Danamon Indonesia
Indonesia’s Financial Services Authority (OJK), the government agency that regulates and supervises the country’s financial services sector, approved the plan of Japan-based Mitsubishi UFJ Financial Group (MUFG) to acquire a 73.8 percent stake in Indonesian financial institution Bank Danamon Indonesia through subsidiary The Bank of Tokyo Mitsubishi UFJ Ltd (BTMU).
— Indonesia Investments (media release)

Indonesia to Postpone New Coal, Palm Oil Shipping Rules to 2020
Indonesia will postpone until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, Industry Minister Airlangga Hartarto said, among efforts to increase foreign exchange reserves.
— Marine Link

Reviewing the Controversial MD3 Law to Prevent People Freedom
In 2001, then-President Abdurrahman “Gus Dur” Wahid made a quip about members of the House of Representatives, likening them to kindergartners. If he were to make such a statement today, would Gus Dur be subjected to prosecution?
— Jakarta Globe

Rubber Manufacturers in Indonesia – BizVibe Announces a New B2B Networking Platform for the Rubber Industry in Indonesia
BizVibe, a smart B2B networking platform for global B2B buyers and suppliers, announced today the next generation of its B2B networking platform for the top rubber manufacturers in Indonesia.
— Business Wire (media release)

Indonesia’s fishy furore
“Indonesia’s fishing industry was broken for many years,” says Amhar, who, like many Indonesians, goes by only one name. “Then Susi came along and she fought for us.”
— The Interpreter

 

Feature photo Jean-Marie Hullot

 

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.

 

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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.

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