Indonesia Morning News For February 20

Indonesia to woo oil and gas majors via Europe, US roadshows
Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world’s top oil companies as the former OPEC member seeks to reverse a decline in oil and gas production.
— DealStreetAsia

Indonesia extends export recommendation for Freeport
The Energy and Mineral Resources Ministry has extended the export recommendation for gold and copper miner PT Freeport Indonesia amid sluggish progress in the negotiation of the divestment of 51 percent of the company’s shares to Indonesian entities.
— The Jakarta Post

Indonesia to Have More Than 5 Start-Up Unicorns by 2019: Minister
Indonesia is likely to have more than five startups worth at least $1 billion each by 2019, with healthcare and education the most promising sectors to spawn new unicorns in Southeast Asia’s biggest economy, its communication minister told Reuters.
— JakartaGlobe

Coal Mining Indonesia: Producers to Boost Production in 2018
The big Indonesian coal miners that are listed on the Indonesia Stock Exchange expect to raise their production volumes in 2018 amid rising global demand and the subsequent stronger coal price.
— Indonesia Investment

Indonesia Not Yet Ready for the Automated Era
The government must prepare Indonesia’s workforce to be competitive to anticipate future challenges associated with coming technological advancements, especially in business, a former deputy foreign minister said on Sunday (18/02).
— JakartaGlobe

Indonesia likely to see next unicorn emerge from education sector
Indonesia is likely to have more than five startups worth at least $1 billion each by 2019, with healthcare and education the most promising sectors to spawn new unicorns in Southeast Asia’s biggest economy, the communications minister told Reuters.
— DealStreetAsia

Jakarta-Bandung railway project won’t meet target: Minister
State-Owned Enterprises Minister Rini Soemarno has said the construction of the Jakarta-Bandung high-speed railway project will fail to meet its completion target in 2019 due to problems in land acquisition.
— The Jakarta Post

Indonesia inks US$1.1b deal with Russia to buy 11 jets
Indonesia has inked a billion-dollar deal to buy 11 Sukhoi Su-35 jets from Russia, an official said Saturday (Feb 17).
— Channel News Asia

National Fuel Reserves Amount Still Below Japan
Until now, Indonesia has no national fuel reserves (BBM) because of budget constraints.
— Netral News

Palembang LRT contractor waits for Rp 9.1t payment from government
State-owned construction firm PT Waskita Karya is waiting for the payment of Rp 9.1 trillion (US$637 million) for the almost completed light rail transit (LRT) system in South Sumatra’s provincial capital of Palembang.
— The Jakarta Post

Indonesia Faces Deficit of Notary
The Master’s Programme in Notary Studies Chairman Widodo confirmed the number of notaries in Indonesia is still insufficient. Widodo pointed to a number of eastern Indonesia still very lacking in notary services. “Even in Kaimana, Papua, there is only one notary,” he stated.
— Tempo

Indonesia offers three industrial estates for Singapore development
Industry Minister Airlangga Hartarto said in Jakarta on Monday that he had offered the development of three industrial estates in North Kalimantan, North Sumatra and North Sulawesi to Singapore.
— The Jakarta Post

Domestic Airline Ticket Price Remains as Airport Tax Increased
Senior Manager Public Relation of Garuda Indonesia Ikhsan Rosan stated the price changes of airport tax at Soekarno-Hatta Airport will not increase Garuda Indonesia airline ticket price.
— Tempo

To be Acquired by Korean Bank, Bank Agris to Ask Approval from Stakeholders
PT Bank Agris Tbk (AGRS.JK) is going to conduct an Extraordinary General Meeting (EGM) of Shareholders in connection with the acquisition of the company’s majority share by a Korean financial institution, Industrial Bank of Korea (IBK).
— Netral News

Indonesia’s military craves more power
To the consternation of pro-democracy activists and those with grim memories of ex-president Suharto’s authoritarian rule, Joko Widodo’s government continues to mull over legislation that would give the Indonesian Armed Forces (TNI) a wider counterterrorism role.
— Asia Times

New Indonesia web system blocks more than 70,000 ‘negative’ sites
Indonesia has blocked more than 70,000 websites displaying “negative” content such as pornography or extremist ideology in the first month of using a new system to help purge the internet of harmful material, the communications minister told Reuters.
— Business Insider

Malaysia is the Largest Importer Country of Products from North Sulawesi
Malaysia is the largest importer country of products from North Sulawesi Province in January 2018.
— Netral News

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.