Indonesia Morning News For February 14

Indonesia’s Bank Danamon fields interest from suitors for insurance unit
PT Bank Danamon Indonesia, the nation’s fifth-largest lender by market value, is fielding interest from foreign suitors seeking a stake in its insurance subsidiary, people familiar with the matter said.
— DealStreetAsia

Transport Ministry Open Registration for Free Motorcycle Shipment
The Ministry of Transportation (Kemenhub) through the Directorate General of Railways opens free motorcycles shipment registration for Eid Al-Fitr 2018 homecoming.
— Tempo

CCAI, Citi Indonesia sign business deal
Coca-Cola Amatil Indonesia (CCAI) has signed a cash management and trade finance agreement with Citi Indonesia, the Indonesian branch of US-based Citibank.
— The Jakarta Post

Astra Invests US$150 Million in Gojek
PT Astra International Tbk. has invested US$150 million in an application-based on-demand service Gojek.
— Tempo

Bringing banking to Indonesia’s small businesses
Micro and small-to-medium enterprises (MSME) in Indonesia employ more than 107 million people, contributing to more than half of the county’s GDP.
— GovInsider

Indonesia investment platform Bareksa targets to close second funding round this year
Indonesia’s Investment portal Bareksa is expecting to close its second round of funding this year, which will help finance three big initiatives, including the roll-out of a new online government bonds sales service, according to co-founder and chairman Karaniya Dharmasaputra.
— DealStreetAsia

Indonesia promises speedier licensing, offers tax incentives
Finance Minister Sri Mulyani Indrawati has said that the government will continue to reform its regulations and had offered incentives in an effort to boost investment, tempo.co reported.
— The Jakarta Post

Indonesia Among Worst Countries for Debt Collection: Report
Indonesia is among the worst and hardest places in the world to collect debt payment due to lenient payment terms and the potentials of lengthy and costly legal actions, a research conducted by global credit insurance group Euler Hermes showed.
— JakartaGlobe

President demands implementation of cash for work programs
President Joko Widodo has called on his ministries to implement a cash-for-work program to boost economic growth through increased household consumption.
— Antara

Kioson and Pos Indonesia Collaborate in Courier and Payment Services
PT Kioson Komersial Indonesia Tbk (IDX:KIOS) is launching Kiosk-Pos. Kiosk-Pos is a collaborative partnership program with PT Pos Indonesia. By doing so, it is possible for Kioson partners to provide postal services with the pattern of postal agent (Agenpos).
— Netral News

Indonesia Trade Seen Swinging Back to a Surplus in January
Indonesia’s trade likely rebounded to show a small surplus in January, a Reuters poll showed on Tuesday (13/02), as higher oil prices helped lift commodity exports.
— JakartaGlobe

Indonesian Products Ready to Sell at US Renowned e-Commerce Platforms
Indonesia Trade Promotion Center Los Angeles (ITPC LA) intensively promotes products to various e-commerce platforms in the United States market.
— Netral News

High Demand for JPY Holds Rupiah from Rebounding
The rupiah is expected to manage to rebound in the currency market today despite within a limited range. The rebound is likely to be held back by the high demand for Japanese yen in the currency market.
— Tempo

Indonesia, Morocco Agree to Step Up Cooperation in Economy
Indonesia and Morocco are going to boost economic cooperation through a preferential trade agreement and by facilitating more interaction in the private sector.
— JakartaGlobe

Indonesia’s Sri Mulyani receives Best Minister Award at World Government Summit
Indonesia’s Finance Minister Sri Mulyani Indrawati on Sunday (Feb 11) received the Best Minister Award at the World Government Summit held in Dubai.
— The Straits Times

Queen Maxima to assist in expanding financial inclusion in Indonesia
Queen Maxima of the Netherlands, the United Nations Secretary General`s Special Advocate for Inclusive Finance for Development, expressed readiness to assist in the expansion of financial inclusion in Indonesia.
— Antara

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