Indonesia morning news for August 7

Indonesia morning news for August 7

Indonesia morning newsUS seeks US$350 million annual sanctions in Indonesia trade dispute
The US has asked the World Trade Organisation to let it impose sanctions on Indonesia after winning a trade dispute that it said cost US business up to US$350 million in 2017, a US filing published by the WTO showed on Monday.
— South China Morning Post

Indonesia earthquake: Rescuers search for survivors, tourists flee holiday islands
Indonesian Government officials are trying to coordinate a massive relief effort for residents and tourists on the island of Lombok, with the death toll from Sunday’s earthquake standing at 98, and many more missing.
— ABC News

Bareskrim Set to Pursue Condensate Corruption Case Fugitive Causing IDR35 T in State Loss
Deputy Director of Economic and Special Crimes of Criminal Investigation Agency (Bareskrim) of the Indonesian National Police (Polri) Senior Commissioner Daniel Tahi Monang Silitonga said that his party would continue to pursue fugitive suspect from PT Trans Pacific Petrochemical Indotama (TPPI) Honggo Wendratno in the case of alleged condensate corruption which cost the state IDR35 trillion.
— Netral News

M’sia, Indonesia to use emotion to promote palm oil to EU
Malaysia and Indonesia will use the emotional element such as the health benefits of palm oil in their campaign to gain the confidence of the European markets, says Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin.
— Borneo Post

IFC invests $100 million in SSIA to support Subang Smart and Sustainable Industrial Estate and pledges to boost tourism investment in Indonesia
Located along the Trans Java toll road network, the Subang industrial estate will provide modern infrastructure for both international and domestic manufacturing firms.
— AEC News Today/ PR Nwswire (media release)

Indonesia earthquake: lack of equipment hampers rescue efforts
Rescuers on the Indonesian island of Lombok have been struggling to reach possible survivors after the devastating earthquake due to a lack of equipment.
The Guardian

Indonesia`s economy grows 5.27 percent in second quarter of 2018
Indonesia`s economy has grown 5.27 percent year-on-year in the second quarter of 2018, slightly higher by 0.26 percent than the same period last year, according to the Central Bureau of Statistic.
— Antara News

How you can help Lombok earthquake victims
Following a 7.0-magnitude earthquake that hit West Nusa Tenggara (NTB) on Sunday evening, rescue workers have actively been searching the province to rescue and aid victims.
— The Nation

Blowing Up Illegal Fishing Boats Helps Indonesian Fishers
Indonesia, one of the world’s leading producers of tuna, decided several years ago it had had enough of illegal foreign fishing boats entering its exclusive economic zone and taking an average of $4 billion a year in fisheries profits.
— Scientific American

Digital Platform Firm Arkadia Seeks to Raise $4m in August IPO
Digital media platform Arkadia Digital Media plans to raise up to Rp 60 billion ($4.14 million) in an initial public offering in August, in an effort to expand business, increase working capital and improve its hardware system.
— Jakarta Globe

Indonesia sets Aug coal price at year high on rising demand
Indonesia’s energy ministry on Monday set its August coal reference price at USD 107.83/t, 3.04% higher month on month, to the highest level this year driven by higher global demand.
— Montel

Plans for OCBC digital bank in Indonesia amid strong Q2 results
OCBC Bank is pursuing the idea of a “digital bank” in Indonesia, said its chief executive officer Samuel Tsien yesterday at its results briefing, as Singapore’s second-largest bank looks to join its peers in launching banking for mobile-savvy customers in this region.
— The Straits Times

5,300 drivers ticketed for violating expanded odd-even policy
The Jakarta Police traffic unit has ticketed 5,303 motorists for violating the expanded odd-even license plate traffic policy since its introduction on Aug. 1.
— The Jakarta Post

Singapore Sends Condolences over Lombok Quake
Through its official government website, the Singapore Foreign Affairs Ministry extended its condolences to President Joko “Jokowi” Widodo on the earthquake that struck Lombok, West Nusa Tenggara, on August 5.
— Tempo.co

Child Marriage Rate Soars, Minister Yohana to Revise Marriage Law
Minister of Women’s Empowerment and Child Protection (PPPA) Yohana Yembise is very concerned about the high rate of child marriage in Indonesia.
— Netral News

Indonesia invites Russia to invest in tourism, infrastructure
National Development Planning Minister Bambang Brodjonegoro has invited Russian businesspeople to invest in tourism and infrastructure, two sectors that are being given serious attention by the Indonesian government.
— The Jakarta Post

Indonesia Statistics: Highest Purchasing Power Occurs in Q2 2018
Indonesia Statistics (BPS) released a positive note in the second quarter of 2018 on purchasing power and Indonesia’s household consumption levels.
— Netral News

Poco-Poco Dance World Record Sparks Protest on Social Media
The attempt to break a Guinness World Record of Indonesian collective traditional dance Poco-poco on Sunday, August 5 sparked protests considering the event was said unprofessional and neglected thousands of participants.
— Tempo.co

Live cattle export prices to Indonesia bounce back to $3/kg
Live export prices for feeder steers to Indonesia (ex-Darwin) have bounced back to $3 a kilogram, after slumping to around $2.60/kg earlier this year.
— ABC News

Thai Union makes move into Indonesian shrimp sector
Thai Union Group’s feed arm is involved in the creation of a new company in Indonesia, according to documents filed on the country’s stock exchange.
Undercurrent News

Global palm oil prices set to rise on Indonesia’s biodiesel mandate
Global palm oil prices are set to arise from at an average of RM2,200 per tonne as we implement and enforce B20 mandate throughout all sectors, said Indonesia’s deputy Coordinating Minister for Food & Agriculture as well as Economic Affairs Musdhalifah Machmud.
— New Straits Times

47 New Vehicles and Concept Vehicles Unveiled at GAIKINDO Indonesia International Auto Show (GIIAS) 2018
Organized by Seven Event, the world-class auto show series by The Association of Indonesia Automotive Industry (GAIKINDO) — GAIKINDO Indonesia International Auto Show 2018 (GIIAS 2018) will be held from August 2-12, 2018.
— AEC News Today/ PR Nwswire (media release)

Indonesia’s booming gig economy means big tradeoffs for workers
Indonesia’s gig economy is booming, yet there’s a debate about whether that’s necessarily a good thing for a big chunk of the nation’s workforce or the overall economy in the long-run.
— Malay Mail

North Lombok Shook by Another 5.5 SR Earthquake This Morning
North Lombok shook by another earthquake measuring 5.5 on the Richter Scale (SR).
— Netral News

Asian Games Spectators Barred from Carrying Backpacks
The Indonesian Asian Games Organizing Committee (Inasgoc) has barred Asian Games spectators from carrying backpacks and any other large bags for security reasons.
— Tempo.co

Muhammadiyah’s women’s wing opens micro bank in Yogyakarta
Muhammadiyah women’s wing Aisyiyah has launched sharia microfinance institution (LKMS) Usaha Mandiri Sakinan in Yogyakarta in a bid to provide female micro entrepreneurs in the region with a microcredit facility.
— The Jakarta Post

Drug Factory in Cipondoh Makes 30,000 PCC Pills Each Day
Soekarno-Hatta Airport Police’s Anti-Narcotics Unit unveiled a home-based drug-making activity in Cipondoh, Tangerang City.
— Tempo.co

 

Feature photo Patrik M. Loeff

 

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. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.

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