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