Indonesia morning news for August 16

Indonesia morning news for August 16

Indonesia morning newsIndonesia central bank hikes rates as Turkey crisis bites
Indonesia’s central bank hiked interest rates Wednesday in a bid to shield the slumping rupiah from a selloff in emerging market currencies as Turkey’s financial crisis roils global markets.
— ABS-CBN

BNPB: Lombok Quake Economic Loss at Rp7.45tn
The National Disaster Management Agency (BNPB) said that the number of victims and economic losses from the Lombok earthquake are increasing.
— Tempo.co

Indonesia’s July Trade Deficit Larger Than Expected at $2b
Indonesia posted a large trade deficit in July as imports surged more than expected, according to data released by the statistics bureau on Wednesday (15/08).
— Jakarta Globe

Government debt reaches Rp 4.25 quadrillion in July
The Finance Ministry recorded Rp 4.25 quadrillion (US$290.33 billion) of government debt in July, slightly higher than the figure in the previous month, said Finance Ministry financing and risk director general Luky Alfirman on Tuesday.
— The Jakarta Post

iflix and Wattpad ink landmark production deal
iflix, the world’s leading entertainment service for emerging markets and Wattpad, the global multiplatform entertainment company for original stories, today announced a groundbreaking content partnership to bring Wattpad stories to millions of iflix users across Asia, the Middle East, and Africa.
— AEC News Today/ PR Newswire (media release)

Government collects Rp 994.36t in state revenue, grants in H1
Finance Minister Sri Mulyani Indrawati on Tuesday revealed that the Finance Ministry had managed to collect Rp 994.36 trillion (US$67.87 billion) in state revenue and grants up to the first half of 2018, from the whole year projection of Rp 1.89 quadrillion.
— The Jakarta Post

Indonesia’s Pertamina gets extra 225,000 bpd crude locally as govt cuts imports
Indonesia’s PT Pertamina will get an extra 225,000 barrels per day (bpd) of crude oil under a government plan requiring all contractors in the country to sell their output to the state energy firm to curb imports and support the rupiah.
— Reuters

Indonesia earthquake—how scrap tyres could stop buildings collapsing
At the time of writing, 436 people have died following an earthquake in the Indonesian island of Lombok. A further 2,500 people have been hospitalised with serious injuries and over 270,000 people have been displaced.
— Phys.Org

Top Indonesia fund manager sees more losses after two-day US$27b stock rout
More than US$27 billion (S$37.21 billion) of Indonesian equity value has vanished in two days, and the rout may not be over yet, the manager of one of the nation’s best-performing funds said on Wednesday (Aug 15).
— The Straits Times

Indonesia Handicrafts Soar at 2018 NY NOW
Indonesian Pavilion “IDentities” has attracted hundreds of potential buyers at 2018 NY NOW. This event is held from 12 – 15 August 2018 at the Javits Center, New York City. IDentities is taking “Handmade Contemporary Treasures from Indonesian’s 17,000 Islands of Imagination” theme, sparking the uniqueness and finesse of eight brands from Indonesia.
— AEC News Today/ PR Newswire (media release

Indonesia tops destination for international schools in Southeast Asia: Report
Indonesia remains a leading destination for international schools in Southeast Asia, according to ISC Research data announced on Tuesday.
— The Nation

Indonesia Bans Import Of Poultry From Malaysia To Avert Bird Flu
Indonesian agriculture ministry has halted shipments of poultry and its derivative products from Malaysia following the reporting of a bird flu case in the neighboring nation, an official said here on Wednesday.
— UrduPoint

Indonesia suffers defeat against Palestine 1-2 in football
The Indonesian U-23 national team suffered its first defeat, 1-2, against Palestinian U-23 national team in Group A of Asian Games 2018 men`s football today at Patriot Candrabaga Stadium in Bekasi, West Java.
— Antara News

Indonesian academics can now access e-journal databases worth $1m for free
The Research, Technology and Higher Education Ministry has subscribed to a database of scientific e-journals, which can be accessed by researchers, university lecturers, students and non-ministerial government agencies for free.
— The Jakarta Post

Facebook launches program to boost digital skills of MSMEs
In an effort to improve the digital skills of micro, small and medium enterprise (MSME) players, especially in eastern Indonesia, Facebook Indonesia will launch a digital campaign program called Laju Digital, next month.
— The Jakarta Post

Indonesia’s Deforestation Dropped 60 Percent in 2017
In the midst of the second-worst year for tropical tree cover loss in 2017, Indonesia saw an encouraging sign: a 60 percent drop in tree cover loss in primary forests compared with 2016.
— EcoWatch

Indonesia Lombok earthquakes: Tears of relief as first help reaches remote villages
Help is reaching villages cut off from the outside world more than two weeks after a series of damaging earthquakes struck the Indonesian island of Lombok.
— ReliefWeb

Digitalisation in Indonesia to improve the lives of its people
The government is addressing problems in different sectors by implementing digitalisation.
— OpenGov

Indonesia, UK Strengthen Cooperation in Cybersecurity, Trade
As Great Britain prepares to leave the European Union, it seeks to strengthen relations with Southeast Asian countries. With Indonesia it agreed on Tuesday (14/08) to cooperate more closely on trade, cybersecurity and maritime affairs.
— Jakarta Globe

Sandiaga wealthiest candidate, Jokowi worth Rp 50b
Vice-presidential hopeful Sandiaga Salahuddin Uno is the richest candidate in the 2019 two-horse presidential race with his reported wealth totaling Rp 5.1 trillion (US$349 million).
— The Jakarta Post

Indonesia coal exports rise 13% in first half
Indonesia’s coal exports rose 13% year on year in January-June amid strong Asia-Pacific demand and high export prices, Bank Indonesia data showed on Wednesday.
— Montel

Indonesia’s Export Growth Tops Expectations
Indonesia’s exports and imports climbed more than expected in July, data from statistics bureau showed Wednesday.
— Markets Insider

Indonesia, China forge cooperation in waste treatment
Indonesia and China have forged cooperation in modern waste treatment in tourism resorts, in particular, to help preserve the environment.
— Antara News

Indonesian bishops call for election date change
Bishops in Indonesia’s Catholic-majority East Nusa Tenggara province have called on the government to reschedule next year’s legislative and presidential elections as they coincide with Holy Week celebrations.
— UCA News

Lock&Lock Indonesia partners Shopee to bolster sales
Lock&Lock Indonesia has partnered Shopee for its third annual Super Brand Day, allowing Lock&Lock to achieve a new online sales record since the partnership started, a statement added.
— Marketing Interactive

Development of apartments under zero down-payment scheme slated for July 2019 completion
Development of the Klapa Village apartments in East Jakarta, the first apartment project under the Jakarta administration’s zero down-payment housing scheme, is set to be completed in July 2019.
— The Jakarta Post

OJK Issues 8 Economic Policy Package
The Financial Services Authority (OJK) released a policy package to boost exports and accelerate economic growth today.
— Netral News

Which Visa For Business Travels? The Differences Between Different Visas For Business Travellers Explained.
oreigners travelling to Indonesia for business meetings or for attending seminars or training or other business (non-working) activities have a variety of visas to choose from.
— Indonesia Expat

Indonesia`s batik dominates global market this year
The Indonesian batik industry is believed to have dominated the global market, so it can be a driving force for the national economy.
— Antara News

Unified team of DPRK and South Korea beats Indonesia 108-40 at women’s basketball 5×5 match during Asian Games 2018
Park Hyejin of the unified team of the Democratic People’s Republic of Korea (DPRK) and South Korea competes during the women’s basketball 5×5 Group A match against Indonesia at the Asian Games 2018 in Jakarta, Indonesia on Aug. 15, 2018.
— Xinhua

CIMB Niaga records net profit of 1.8 trillion rupiah in 1H18
PT Bank CIMB Niaga Tbk (CIMB Niaga) reported a consolidated net profit of 1.8 trillion rupiah in the first half of 2018, representing a 28.1 per cent year-on-year growth and translating into an earnings per share of 70.54 trillion.
— News Straits Times

Asian Games: Ambitious Iran look to grapple their way to Jakarta success
Iran’s delegation will arrive at Jakarta’s Asian Games with eyes set firmly on a move back into the continent’s leading quartet of sporting nations.
— Channle NewsAsia (anoying full screen popups)

 

Feature photo David Stanley

 

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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