Indonesia Morning News For February 27

Indonesia Morning News For February 27

Indonesia morning newsChinese Aid Building Indonesia, But at What Cost?
When Australia reduced its foreign aid to Indonesia by 40 per cent in 2015, Indonesia’s Foreign Ministry responded that ‘Indonesia… is no longer a country that needs aid for development’.
— AEC News Today

Indonesia’s Go-Jek raises $1.5 billion as ride-hailing market heats up: sources
Indonesia’s Go-Jek has raised a higher than targeted $1.5 billion in a fundraising round from a dozen investors including BlackRock and Google, sources said, as the ride-hailing firm builds its war chest to fight deep-pocketed rivals.
— Reuters

Jakarta Ranked As 12th Worst Congested City In The World
According to the Inrix 2017 Traffic Scorecard, Jakarta is 12th worst congested city in the world. This is 10 spots higher than last year’s position as 22nd, indicating that the city’s congestion has dramatically worsened in the past year.
— Indonesia Expat

Indonesia General Prabowo Tipped To Run for President
Former general Prabowo Subianto is firming as a candidate for Indonesia’s presidential election, raising the prospect of a rerun of the bitter 2014 race that saw Joko Widodo take power in Southeast Asia’s biggest economy.
— Bloomberg

IMF chief calls on RI to increase number of females in labor force
International Monetary Fund (IMF) managing director Christine Madeleine Odette Lagarde on Monday called on Indonesia to empower more women to increase their number in the labor force.
— The Jakarta Post

Garuda Indonesia to cut more routes after $213m loss last year
Garuda Indonesia, the flag carrier of the Southeast Asian country, is cutting unprofitable routes and renegotiating contracts as part of cost-cutting measures after posting a $213.4 million net loss last year, airline executives said on Monday.
— Nikkei Asian Review

Gov’t to Slash Taxes on Electric Cars
Indonesia plans to scrap some taxes on electric cars as part of efforts to realize the country’s vision of low-emission models making up at least a fifth of all vehicles produced in the archipelago by 2025.
— Jakarta Globe

Gov’t Sets Benchmark CPO Price at $708.60 per Metric Ton
After considering various recommendations, the Ministry of Trade has set the benchmark price of Crude Palm Oil (CPO) products for the determination of export duty for the period of March 2018 at US $708.60 per metric ton (MT).
— Netral News

Inalum Ready to Meet Production Target of Two Million Tons of Aluminum
The government encourages the rise in national aluminum production by targeting 1.5-2 million tons by 2025. This increase is according to Presidential Regulation No. 3 of 2016 on the Acceleration of the Implementer of National Strategic Projects (PSN).
— Netral News

IMF chief calls on Indonesia to boost growth rate
International Monetary Fund (IMF) Managing Director Christine Lagarde on Monday called on Indonesia to boost its potential growth rate and channel revenues to more development spending to help create jobs for its growing labor force.
— The News International (blog)

What’s Behind Indonesia’s China Drone Buy?
Purchase signals Southeast Asian state’s efforts to boost its capabilities and the inroads Chinese drones are making in some markets.
— The Diplomat

Financing a natural rubber plantation in Indonesia, promoting sustainable development and green jobs.
The Tropical Landscapes Finance Facility (TLFF), a partnership between UN Environment, World Agroforestry Centre, ADM Capital and BNP Paribas, today announced its inaugural transaction, a landmark US$ 95 million Sustainability Bond to help finance a sustainable natural rubber plantation on heavily degraded land in two provinces in Indonesia.
— UN Environment (media release)

Death toll rises to 16 in Indonesia floods
Landslides and floods striking Central Java province of western Indonesia have left 16 people dead and 20 injured, disaster agency said on Saturday.
— Borneo Bulletin Online

Automotive Industry Indonesia: Sales, Production, Export & Import
Although it proves difficult for Indonesian car manufacturers to export their output to overseas markets, reflected by the declining number of local car exporters (declining from eight in 2013 to five at the start of 2018), Indonesia’s car shipments have been rising steadily over the past five years.
— Indonesia Investments (media release)

 

Feature photo McKay Savage

 

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.

 

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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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