Ministry of Transportation Set to Deregulate Rules to Facilitate Private Sector Investments
Indonesia Minister of Transportation Budi Karya Sumadi continues to encourage private investments in transportation infrastructure construction and development through the mechanism of Cooperation of Utilization (KSP) and Cooperation of Operations (KSO).
— Netral News
Government continues to boost growth of aircraft mro industry
The government continues to boost growth of the aircraft maintenance, repair, and overhaul (MRO) industry in Indonesia in view of the potential development to be integrated with several airports in the country.
Susi Pudjiastuti Gets Banks to Lend Money to Fishermen
The Marine and Fishery Ministry is working with a number of state banks to provide financing to fishermen.
Businessmen Lament Overlapping Salt Policy
Indonesia Salt Farmers Association (HMPGI) demanded government, ministries and related institutions to formulate regulation on salt in synergy.
APAC Dealbook: Grab-Samsung tech collaboration; Indonesia’s OKHOME raises $300k
Grab has partnered with Samsung to improve services for both drivers and passengers, while on-demand home cleaning service OKHOME has received $300,000 in a seed funding round from South Korean venture capital firms.
Govt revises export growth target
The government has revised its target of non-oil and gas export growth from 5-7 per cent to 11 per cent in 2018.
Senegal Plans to Import Trains from Indonesia
Senegal government plans to import trains made by Indonesia in order to realize RI – Senegal bilateral cooperation in railway.
Indonesia Digest: Reddoorz expands footprint; Investree’s new sharia service
Online budget hotel booking chain Reddoorz opens 20 new properties in Surabaya as part of its $10 million expansion plan in Indonesia, while peer-to-peer fintech lending platform Investree reports a successful pilot project of its new sharia service, Investree Syariah.
Unilever Indonesia Posts Profit of IDR7 Tln in 2017
PT Unilever Indonesia Tbk (UNVR) announced its indicative (unaudited) performance for the fiscal year 2017.
— Netral News
Indonesia Stock Exchange walkway collapse investigation hindered by lack of cooperation
The engineer investigating the collapse of a walkway in Jakarta that injured 72 students says he’s been blocked from inspecting critical parts of the failed structure.
Damai Putra Group to boost marketing sales
Damai Putra Group, the developer of the Kota Harapan Indah housing area in Bekasi, West Java, aims to increase its marketing sales value by more than 56 percent this year to Rp 1.25 trillion (US$93 million).
— The Jakarta Post
Many Foreign Companies Express Interest to Run Indonesia Airports
Transportation Minister Budi Karya Sumadi stated that there are a lot of foreign private companies expressing interest to run airports in Indonesia despite the fact that cooperation scheme for management has not been designed.
Export of Bengkulu Grows 73.24 Percent in 2017
Central Statistics Agency (BPS) recorded total export of Bengkulu Province increased rapidly in 2017 even reaching 73.24 percent compared to 2016.
— Netral News
Minister for Economy Sets Requirements for BI Governor Candidates
Coordinating Minister for Economic Affairs Darmin Nasution said the candidates for Governor of Bank Indonesia should not only e proficient in fiscal monetary, but also experts in the real sector.
— Netral News
Realized investment in Jakarta jumps 84 percent in 2017
The realized investment in Jakarta jumped 84.7 percent to Rp108.6 trillion in 2017 from Rp58.8 trillion a year earlier, the Investment and One-Stop Service Office said.
World Bank’s IFC Arranges $77m Syndicated Loan for Indosurya
The International Finance Corporation, the World Bank’s financing arm for the private sector, signed a $77 million syndicated loan agreement for local financing company Indosurya to support small and medium enterprises in Indonesia, it said in a statement on Friday (02/02).
Transportation Minister: Airport Trains Speeds up to 38 Minutes
Train travel time from Jakarta to Soekarno-Hatta Airport and vice versa will be faster from 55 minutes to 38 minutes in the attempt to provide convenience to passengers, Transportation Minister Budi Karya Sumadi stated.
Indonesian lawmakers push to outlaw unmarried and gay sex
Indonesia’s parliament looks set to pass a new criminal code that will outlaw gay sex and sex outside marriage.
— Nikkei Asian Review
Indonesia always sees surplus in its trade with South Asian countries
Indonesia has always recorded a surplus in its trade with India and Pakistan thanks to ASEAN-India Free Trade Area (AIFTA), an international law expert said.
Feature photo Juan Antonio Segal
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