Indonesia Morning News For February 13

Buffalo meat import far exceeds set quota in 2017
The State Logistics Agency’s (Bulog) procurement director, Andrianto Wahyu Adi, said in Jakarta over the weekend that the agency had obtained a permit from the Trade Ministry to import 100,000 tons of buffalo meat this year, exceeding the 2017 quota set by the government by 81 percent.
— The Jakarta Post

Less headwinds for renewables now says Indonesia pioneer
The developer of Indonesia’s first commercial-scale wind farm says conditions for renewable energy investors are better now than ever before, but more work is still needed for the country to achieve its wind energy targets.
— Reuters

Rubber prices rise thanks to export restrictions: Trade Ministry
Global natural rubber prices have increased by 5 percent in January thanks to reduced supply from exporting countries, according to the Trade Ministry.
— The Jakarta Post

Go-Jek confirms $150m investment by Astra, ‘substantial’ funding by GDN
Indonesian ride-hailing firm Go-Jek confirmed on Monday that it has secured a $150-million funding from local conglomerate Astra International as well as an undisclosed amount of financing from investment firm Global Digital Niaga (GDN) as part of its latest funding round.
— DealStreetAsia

CG Power Systems wins $55 mn order from Indonesian firm
CG Power and Industrial Solutions Ltd said on Monday its wholly-owned subsidiary has won an order worth $55 million from state-run Indonesian utility PT PLN (Persero) to manufacture and supply 64 units of power transformers.
— Business Standard

East Ventures backs $4m seed round in Indonesian retail tech startup Warung Pintar
Indonesian retail tech startup Warung Pintar has announced that it has secured a $4-million seed funding from SMDV, Digital Garage, East Ventures, Insignia Ventures Partner, Triputra Group and various angel investors.
— DealStreetAsia

DHL to offer more secure shipment service in Indonesia
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has obtained an Authorized Economic Operator (AEO) certification by Indonesia’s customs authority, The Directorate General of Customs and Excise.
— AsiaOne

Jokowi calls for evaluation of strategic projects
President Joko “Jokowi” Widodo has called for a review of the country’s strategic projects to evaluate which projects can be implemented and which cannot.
— The Jakarta Post

SEZs in sumatra to compete with Singapore, Malaysia
The Special Economic Zones (SEZs) in Sumatra, particularly along the Malacca Strait, will face competition from those established in Singapore and Malaysia.
— Antara

Garuda launches insurance for frequent fliers
In an effort to increase revenue from auxiliary products, Garuda Indonesia has launched an insurance service for members of GarudaMiles, its frequent flier program.
— The Jakarta Post

NGO: Planned new coal emission standards not strict enough
The Environment and Forestry Ministry has been urged to be more ambitious concerning stricter emission standards for coal-fired power plants in an upcoming revision of Regulation No. 21/2008 on stationary sources of air pollutants.
— The Jakarta Post

Energy ministry revokes 22 regulations
The Energy and Mineral Resources Ministry has revoked 22 regulations that were hampering the investment process.
— Antara

House Waits for President to Propose Names of BI Governor Candidates
Chairman of Commission XI of the House of Representatives Melchias Markus Mekeng said that the Commission has not been able to provide comments related to the names that are to be nominated as Governor of Bank Indonesia for the period 2018-2023.
— Netral News

Recognition to mulyani shows Indonesia’s economy managed effectively
President Joko Widodo said here on Monday that an international recognition designating Sri Mulyani as the world’s best finance minister proved Indonesia’s economy was on the right track and was being managed effectively.
— Antara

New project outfits Indonesia’s street vendors with free Wi-Fi and smart tech
Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the street of capital city Jakarta.
— Tech Crunch

IDX Opens First Market Investment Gallery in Tasikmalaya Traditional Market
The Indonesia Stock Exchange (IDX) together with Reliance Sekuritas and Universitas Siliwangi inaugurated the first Market Investment Gallery in Indonesia located at Cikurubuk Market of Tasikmalaya, West Java.
— Netral News

Indonesian maid dies after alleged abuse by bosses
A 21-year-old maid who was covered with wounds and had been forced by her employers to sleep outdoors with a dog was pronounced dead in a hospital in Penang on Sunday afternoon, a day after being rescued from her ordeal.
— Asia Times

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