Indonesia Morning News For February 28

Indonesia Morning News For February 28

Indonesia morning newsYogyakarta Region Upholds Decision to Bar Chinese Indonesians from Owning Land
A decision by the Special Region of Yogyakarta, a major cultural center of Indonesia, to uphold its statute to bar ethnic Chinese Indonesians from owning land has reignited claims the practice is discriminatory and unconstitutional.
— Voice of America

Rupiah will Remain Volatile Against Dollar Until Late March
The Indonesian rupiah’s exchange rate against the US dollar will continue to be volatile until March 20-21 when The Federal Reserve announces its reference rate policy, Bank Indonesia (BI) Governor Agus Martowardojo has predicted. He said afterwards, the condition will be stable.
— Tempo.com

Special Crime Unit Arrest Four Muslim Cyber Army Members on Hate speech
The Directorate of Cyber Special Crime Unit has arrested four members of the Cyber Army Muslim group for allegedly spreading hate speech and provocative issues in social media.
— Netral News

Indonesia eyes United Nations Security Council seat
There is nothing really special about the news that Indonesia wants to become a non-permanent member of the United Nations Security Council in 2019. Although some observers in the country have characterized this bid as unique, the Southeast Asian country has been a non-permanent member of the council three times before: 1973 to 1974, 1995 to 1996, and 2007 to 2008.
— Asia Times

Indonesian Navy expects to have 20 missile boats by 2024
Surabaya, East Java (ANTARA News) – The Indonesian Navy expects to have 20 fast missile boats of 60 meters (KCR 60 metres) by 2024 to strengthen the national armaments system in accordance with the minimum essential force (MEF) target.
— Antara News

Unemployment the lowest in almost two decades: Minister
Labor Minister Hanif Dhakiri said the country`s unemployment rate is now the lowest in almost two decades of the history of government reformation.
— Antara News

Indonesia’s Export Value to China Rises
Indonesia’s export value to China throughout 2017 increased by 34.10 percent compared to 2016.
— Netral News

Matahari Upbeat About Future Performance Despite Slight Profit Decline in 2017
Matahari Department Store, one of Indonesia’s largest retail operators, is bullish about future earnings despite the fact that the company booked a slight decline in net income last year on the back of an economic slowdown that resulted in weak purchasing power.
— Jakarta Globe

Inflation reaches 0.19% as of third week of February: BI
Bank Indonesia has expressed support for the government’s decision to import rice to push down the price of the commodity, which has retailed above government-set price ceilings since December.
— The Jakarta Post

IMF Lauds Indonesia`s Economy
International Monetary Fund (IMF) acknowledged Indonesia`s achievement in the last few years on the economy and social sector. IMF Managing Director Christine Legarde said, in the midst of economic growth, it is the high time for ASEAN countries to develop the national economy.
— Tempo.com

Indonesia raises $1.25bn in first Asian sovereign green sukuk issuance
Indonesia has become the first Asian country to sell “green” bonds internationally in a $1.25bn deal as one of the world’s worst greenhouse gas emitters tapped into investor interest in climate-friendly investments.
— Gulf Times

Indonesia to import 100,000 tons of buffalo meat this year
State Logistics Agency (Bulog) plans to import 100,000 tons of buffalo meat this year, including to anticipate the increasing demand for meat during Ramadhan.
— The Jakarta Post

Ukraine, Indonesia to develop scientific cooperation
Ukraine and Indonesia will develop scientific and technical cooperation in at least nine sectors.
— Ukrinform.net

 

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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