Indonesia Morning News For February 12

Indonesia Morning News For February 12

Indonesia morning newsExport Restriction Boosts Natural Rubber Price
Joint effort of Indonesian, Thai and Malaysian governments as members of world rubber exporting countries restricting rubber exports through Agreed Export Tonnage Scheme (AETS) managed to boost the price of the commodity with 5 percent increase on January 2018.
— Tempo

Energi Mega Persada to enter petrochemical business
Publicly-listed oil and gas firm PT Energi Mega Persada (EMP) is seeking to diversify its business by developing two purified terephthalic acid (PTA) plants worth US$600 million this year.
— The Jakarta Post

Indonesia’s Q4 current account deficit at 2.2 % of GDP
Indonesia’s current account deficit in the final quarter of 2017 expanded because of higher imports of goods related to production activities in the period, the central bank said on Friday.
— Nikkei Asian Review

Agriculture Minister: Indonesia Exports Shallots to Six Countries
Agriculture Minister Andi Amran Sulaiman stated that Indonesia has started exporting shallots from a number of regions to six countries.
— Tempo

OJK Encourages Non-Bank Financial Industry to Increase Investments in EBA-SP
The Financial Services Authority (OJK) wishes to encourage non-bank financial institutions such as insurance, multifinance, pension funds, and other companies engaged in the Non Bank Financial Industry (IKNB) to enlarge its investment portion in instrument of Asset Backed Securities in the form of Letter of Participation (EBA-SP).
— Netral News

10 Million Have no Access to Electricity: Energy Director General
The Energy and Mineral Resources Ministry (ESDM) stated that around 10 million people still have no access to electricity.
— Tempo

Pertamina, PGN to connect 78,367 households through city gas network in 2018
The Energy and Mineral Resources Ministry has assigned state energy firms Pertamina and Perusahaan Gas Negara (PGN) to develop a city gas network connecting 78,367 households in 16 regions this year.
— The Jakarta Post

Shopee: Indonesian Millennials Perform Online Shopping Mostly on Monday
Shopee, the leading e-commerce company in Southeast Asia and Taiwan, stated that online shopping activities are dominated by millennials.
— Netral News

Central Bank to Prepare Fintech Regulatory Roadmap
Bank Indonesia is currently preparing a roadmap of regulations for financial technology, or fintech, products in an effort to support the rapid change of the global financial system in the digital era, the central bank’s official said on Thursday (08/02).
— JakartaGlobe

SMF to issue more asset-backed securities this year
State-owned secondary mortgage company PT Sarana Multigriya Finansial (SMF) plans to issue asset-backed securities worth Rp 2 trillion (US$147 million) this year in a collaboration with local banks.
— The Jakarta Post

BCA Optimistic Motor Vehicle Loans to Grow 10 Percent in 2018
In 2018, PT Bank Central Asia Tbk (BBCA.JK) or BCA aims for motor vehicle loans (KKB) to grow up to 10 percent.
— Netral News

Indonesia Set to Benefit From 2018 Annual IMF-World Bank Meeting
The annual International Monetary Fund-World Bank meeting scheduled for Nusa Dua, Bali, in October, is expected to greatly benefit Indonesia in terms of revenue in the short term and more investment in the long term, a World Bank representative said on Friday (09/02).
— JakartaGlobe

Indonesian-made washing machines exempted from US safeguard measure
The United States has excluded Indonesian-made large washing machines from the imposition of its safeguard measure, paving the way for the items to enter the world’s largest economy.
— The Jakarta Post

Asia Coffee-Vietnam Jan coffee exports jump, Indonesia nears mini-harvest
Vietnam’s coffee exports in January jumped beyond the government estimate ahead of a major holiday, official data showed on Thursday, while Indonesia is expected to be busier next week as it nears a mini harvest, traders said.
— Tuoi Tre

AP II to Spend Rp 3.2t on Soekarno-Hatta Airport Revitalization
State-owned airport operator Angkasa Pura II seeks to complete a Rp 3.2 trillion ($235.2 million) worth revitalization project at Terminal 1 and Terminal 2 of Soekarno-Hatta International Airport in Tangerang, Banten, by 2019.
— JakartaGlobe

Indonesia Eyeing Warship Markets in Malaysia, Africa
PT Penataran Angkatan Laut (PAL) Indonesia plans to export warships to countries in Southeast Asia and Africa in 2018 and 2019.
— Tempo

Indonesia to make gay sex illegal as a wave of religious fundamentalism sweeps the country
Indonesia will make gay sex illegal as a part of a raft of sweeping new laws critics blame on a wave of religious fundamentalism.
— Daily Mail

 

Feature photo Prayitno

 

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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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