Indonesia Morning News For April 6

Indonesia Morning News For April 6

Indonesia morning newsIndonesia Says Its Huge Domestic Market Will Protect It From Trade War
Indonesia’s economy may be cushioned by its huge domestic market as a trade dispute between the U.S. and China poses risks to the global economic recovery, according to Finance Minister Sri Mulyani Indrawati.
— Bloomberg (video)

Facebook Users in Philippines, Indonesia, Vietnam Hardest Hit (video)
In its latest mea culpa, social media giant Facebook has admitted that the number of its users whose data was improperly shared with British political consulting firm Cambridge Analytica was in fact 74 per cent higher than previously thought, now exceeding 87 million people.
— AEC News Today (video)

To Provide More Stable and Reliable Energy, VUC Parent Buys Power Plant for IDR13 Tln
Through a partnership with Taiwanese company Controlnet International Inc, the Village Unit Cooperative (KUD) Parent or Induk KUD buys environmentally friendly energy with an investment value of IDR13 trillion.
— Netral News

Indonesia’s Pertamina cuts condensate imports as splitter limits run rate
Indonesia’s state-owned Pertamina has slashed its imports of condensates in recent months by at least half as it cuts operating rates at the country’s sole condensate splitter, trading sources said on Thursday.
— Hellenic Shipping News

Indonesian lender RISyariah seeks to raise up to $119 million in IPO
BRISyariah, a subsidiary of state-owned lender Bank Rakyat Indonesia (BRI), is seeking to raise between $94 million and $119 million through an initial public offering (IPO) after announcing that it will offer its shares at a range of Rp 505-Rp 650 apiece.
— Deal Street Asia

Tiphone Plans to Issue IDR2 Trillion Sustainable Bonds
PT Tiphone Mobile Indonesia Tbk (IDX:TELE) will issue bonds through a sustainable public offering (PUB) scheme worth up to IDR2 trillion this year.
— Netral News

Denying rumors, IDX spokesman says no collapse at building
Several pictures and videos showing holes in the ceiling and water on the floor of the lobby of the Indonesia Stock Exchange (IDX) building went viral on social media on Thursday afternoon.
— The Jakarta Post

Indonesia hungers for better food policy to overturn chronic food insecurity
Despite years of reasonable economic growth, 19.4 million Indonesians are still unable to meet their daily dietary needs.
— Financial Review

Residents occupy PLN office in fight against new Yogyakarta airport
Dozens of residents opposed to the construction of the New Yogyakarta International Airport (NYIA) in Kulon Progo occupied the Yogyakarta branch office of state utility company Perusahaan Listrik Negara (PLN) during a rally on Thursday.
— The Jakarta Post

South Tangerang administration expects more revenue from cemeteries
The South Tangerang administration is expecting to collect more revenue from public cemeteries.
— The Jakarta Post

Government plans to make special ID cards specifically for followers of indigenous faiths
When Indonesia’s Constitutional Court decided to allow followers of Indonesia’s numerous indigenous faiths (collectively grouped under the term Aliran Kepercayaan) to declare their beliefs on their official state ID cards in November, it was hailed by many as an important step towards combating religious persecution in the country.
— Coconuts Jakarta

Social Minister Targets Single Digit Poverty Rate by End of 2018
Minister of Social Affairs, Idrus Marham ensured that the government will continue to push for lower poverty rate to below 10 percent.
— Netral News

Indonesia stocks higher at close of trade; IDX Composite Index up 0.42%
Indonesia stocks were higher after the close on Thursday, as gains in the Infrastructure, Basic Industry and Mining sectors led shares higher.
— Investing.com

As Russia Faces Colder Relations With West, Indonesia Opens a Door
Relations between Indonesia and Russia seem to be getting closer and closer as top officials agreed to speed up the drafting of a new strategic partnership agreement in Moscow last month.
— Jakarta Globe

REI Targets to Build 3,000 Houses in 2018
Real Estate Indonesia (REI) in Nusa Tenggara Timur (NTT) is targeting to build 3,000 houses by 2018, although up to now only 340 houses have been built.
— Netral News

indonesia wins second prize at international qur`an recital in egypt
Lauhin Mahfudz and Ahmad Farhan Tsani of Indonesia finished second behind the Philippines in the international Qur`an recitation competition held in Cairo, Egypt.
— Antara News

Govt to Launch Safe Travel App for Indonesian Citizens Abroad
An application dubbed Safe Travel is ready to be launched by the Minister of Foreign Affairs next week on Saturday, April 14, in a shopping mall in West Jakarta.
— Tempo.co

Rupiah Depreciates Eight Points to IDR13,762 on Thursday Afternoon
Rupiah exchange rate traded interbank in Jakarta on Thursday (4/5/2018) afternoon moved down by eight points to IDR13,762 compared to the previous position of IDR13,754 per US dollar.
— Netral News

Indonesian Crude Price Climbs on High Global Demand
The Energy and Mineral Resources Ministry announced that Indonesian Crude Price (ICP) rose in March. At the ministry`s official website, March`s ICP was recorded at US$61.87 a barrel, inching up from February’s US$61.61 per barrel.
— Tempo.co

Indonesia’s Overall Credit Growth Sluggish, Consumer Credit on the Rise
Consumer credit has been the driver for credit growth in Indonesia’s banking sector in the first two months of 2018.
— Indonesia Investments (media release)

Indonesia eyes increase in book rights sales in London
With gaining confidence in locally produced creative content, the Indonesian government is setting its sights on expanding its market by pushing for an increase in book rights sales on the international stage.
— The Jakarta Post

Indonesia to check pulpwood companies’ ability to fight fires before granting new concessions
The Indonesian government will apply strict environmental and fire readiness testing to pulp and paper firms before they will be granted new concessions under a controversial land swop scheme that aims to get the companies off carbon-rich deep peatlands, a senior official said on Thursday (April 5).
— The Straits Times

Starbucks Indonesia operator sees sales boost from spending
PT Mitra Adiperkasa, the Indonesian operator of global brands including Starbucks, Zara as well as Marks & Spencer, is predicting that a recovery in consumer spending will sustain its highest revenue growth in three years.
— The Jakarta Post

Indonesia’s new bank rules aimed at spurring credit growth
Indonesia’s central bank will give banks greater flexibility in managing liquidity and credit in new rules announced on Thursday that are aimed at getting banks to lend more, officials said.
— Reuters

Asia Coffee-Indonesia robust during harvest, Vietnam April exports seen down m/m
Coffee trading in Indonesia was robust this week during a mini harvest season, while Vietnam coffee exports were seen falling from a month earlier as both demand and supply thin out, traders said on Thursday.
— Business Recorder (media release)

Indonesian hard-line Islamic group calls for jihad and protests against ex-president’s daughter
One of Indonesia’s most respected Islamic clerics has issued a call for calm as religious conservatives attack the daughter of the nation’s first president, Sukarno.
— ABC News

Jokowinomics vs reality: a look at PLN
When Jokowi came to office in 2014, he promised to jump start Indonesia’s lagging infrastructure development.
— New Mandala

‘Education emergency’ stymies Indonesia’s growth
It has been a decade since successive Indonesian governments began devoting 20% of the national budget to education.
— Asia Times

Bank Mandiri Expects Equal Regulation for Bank, Fintech
State-owned Bank Mandiri said Bank Indonesia (BI) and the Financial Services Authority (OJK) need to continue to work on the regulation and oversee the financial technology or Fintech.
— Tempo.co

 

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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