Indonesia Morning News For February 23

Indonesia Morning News For February 23

Indonesia morning newsIndonesia mulls tax incentives for venture capital firms, to boost startup investments
Indonesia is looking at offering tax incentives to venture capital firms operating in the country as part of its efforts to boost investments in digital and e-commerce startups, according to reports by local media.
— DealStreetAsia

Indonesia’s car exports now under threat from Vietnam
As they face sluggish demand back home, Indonesia’s four-wheel car manufacturers face a bleak future in exports following a new regulation from Vietnam, which is poised to build its own automotive industry.
— Business Times

Garuda Indonesia to issue $500m in global bonds
Flag carrier Garuda Indonesia will issue global bonds worth US$500 million in March as an alternative source of financing to realize a plan to expand both its international and domestic routes.
— The Jakarta Post

Indonesia becomes Asia’s first country to sell green bonds
Indonesia will become the first Asian country to sell “green” bonds internationally as it looks to tap into growing investor interest in climate-friendly investments.
— DealStreetAsia

Bank Workers to Rally for Wage Increase
The Bank Workers Union`s Communication Network (Jarkom SP Perbankan) plans to stage a rally demanding an increase in sectoral wage (UMS).
— Tempo

Telcos are Indonesia’s transformation partners: IDC
IDC predicts that by 2020, Indonesia will become the largest digital economy in Southeast Asia with a market valuation of $130 billion.
— Telecomasia

PLN to Electrify Gili Gede Island, Lombok
State-owned electricity company PLN of West Nusa Tenggara (NTB) builds an infrastructure to supply electricity for Gili Gede Island in West Lombok.
— Tempo

House: Govt Should Not Spend Money to Buy Freeport Divested Shares
The problems in the mining sector in Indonesia are still many. One of them is about PT Freeport Indonesia which has not realized the 51 percent divestment agreement for the government.
— Netral News

Bank Indonesia: 10-Year Crisis Irrelevant for Indonesia
Bank Indonesia (BI) Governor Agus Martowardojo believes the cycle of 10-year economic crisis is irrelevant for Indonesia today.
— Tempo

SMEs take local products to Bahrain agriculture expo
Indonesia’s participation is made possible through the collaboration of PT Smexindo Inti Artha and strategic partner Induk UMKM (micro, small and medium enterprises), agriculture company SRAM & MRAM and the Indonesian Farmers Association (HKTI).
— The Jakarta Post

Indonesia joins China and South Korea on US trade hit list
Indonesia is the latest Asian country to face American trade curbs after the U.S. Department of Commerce said it planned to slap anti-dumping duties of 92.52% to 276.65% on biodiesel imports from the archipelago.
— Nikkei Asian Review

Yogyakarta to transform into Indonesian Silicon Valley
The Yogyakarta provincial administration is set to transform 385 hectares of land in Piyungan, Bantul regency, and Sentolo, Kulon Progo regency, into a technology center similar to Silicon Valley in the San Francisco Bay Area in the United States.
— The Jakarta Post

Bank Mandiri Holds 5.55 Percent Interest Rate Promotion to Accelerate Mortgage Business
PT Bank Mandiri (Persero) Tbk continues to encourage the growth of home ownership mortgage (KPR) business.
— Netral News

Indonesian woman accused of Kim Jong Nam’s murder was ‘paid to fly to Macau’, his home in exile
A woman accused of poisoning the North Korean leader’s half-brother, Kim Jong Nam, at a Malaysian airport had been paid to fly to Macau, Kim’s home at the time, just days before the killing took place, her lawyer told a court on Thursday.
— The Edge Markets

BUMDes in Bojonegoro Support People’s Economic by Creating Pottery
One of the four programs of the Ministry of Village Development for Disadvantaged Areas and Transmigration (Kemendes PDTT), namely the Village-owned Enterprises (BUMDes), become the economic support of rural communities in Rendeng Village, Malo District, Bojonegoro Regency, Central Java.
— Netral News

Nomadic tourism suitable for Garut, W. Java
Tourism Minister Arief Yahya stated that the concept of nomadic tourism could be developed in Garut, West Java Province.
— Antara


Feature photo Prayitno


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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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