Indonesia Morning News For February 6

Indonesia Morning News For February 6

Indonesia morning newsIndonesia to File Cases Against US Anti-Subsidy Duty on Biodiesel
Indonesia plans to file a case against the United States Department of Commerce at the US Court of International Trade over anti-subsidy duties slapped on Indonesian biodiesel shipments, a Trade Ministry official said on Friday (02/02).
— JakartaGlobe

XL Axiata to invest $500m in pay TV, broadband, fixed line businesses
After exiting the e-commerce business last year, telco company XL Axiata has announced that it will invest $500 million to venture into pay TV, broadband and fixed line business.
— DealStreetAsia

Australia Awards Scholarships for Indonesians Close April 30
Indonesian students wanting to undertake postgraduate studies (Masters or PhD/Doctorate level) in Australia have until April 30 to submit their application for Australia Awards Scholarships (AAS), part of the Australian development cooperation program in Indonesia.
— AEC News Today

E-commerce threatening imported footwear outlets: Aprisindo
The rapid growth in online retailers, or e-commerce, has apparently affected the sustainability of imported footwear outlets in Indonesia, the Indonesian Footwear Association (Aprisindo) has revealed.
— The Jakarta Post

Indonesia Port Company Posts Revenue of IDR10.52 Tln in 2017
PT Pelabuhan Indonesia II (Persero) or Indonesia Port Company (IPC) recorded a 17.8 percent revenue growth in 2017 to about IDR10.52 trillion, year-on-year.
— Netral News

Indonesia’s 4Q GDP growth beats estimates
Indonesia’s economy grew faster than expected in the three months ended December, thanks to solid investment from both the private and public sectors.
— Nikkei Asian Review

Indonesia Dealbook: Music platform Kolase raises $750k; Govt woos Australian investors
Crowdsourcing music site Kolase says it has raised $750,000 in funding from local VC firm Global Basket Mulia, while the Indonesian Communication and Information Minister Rudiantara has revealed plans to collaborate with his Australian counterpart to facilitate Australian investments in Indonesian startups.
— DealStreetAsia

Indonesia’s Haphazard Rules Turn Foreign Investors Away: BKPM Chief
The chief of Indonesia’s investment board, known as the BKPM, said on Friday (02/01) frequent and abrupt changes in regulations were discouraging foreign investors from putting money into Southeast Asia’s biggest economy.
— JakartaGlobe

Indonesia to deal with last part of One Map Policy
President Joko “Jokowi” Widodo said on Monday that the Indonesian government was now dealing with the last part of One Map Policy by focusing on mapping Papua, Maluku and Java in 2018.
— The Jakarta Post

PLN Notes Weakening Consumption Growth
State power company PLN noted a 3.5-percent growth in 2017’s electricity consumption.
— Tempo

Clarks, Kickers closing stores in Indonesia
Clarks and Kickers are among numerous shoe manufacturers falling prey to online shopping, as their Indonesian distributors have announced plans to close stores in Indonesia.
— The Jakarta Post

Government urged to implement decree on corruption elimination
The House of Representatives (DPR) has called on the government to effectively implement the presidential decree on the prevention and elimination of corruption.
— Antara

PP Presisi Unaudited Net Profit Reaches IDR240 Bln in 2017
The management of PT PP Presisi Tbk (PPRE.JK) said that throughout 2017, the company’s unaudited revenue reached IDR1.8 trillion.
— Netral News

Indonesia economy picks up, grows 5.1% in 2017
Indonesia’s economic growth picked up slightly last year as the central bank repeatedly slashed interest rates, official data showed Monday, but analysts warned that there was little hope of another bump this year.
— Manila Bulletin

Wider counter-terrorism role for Indonesian military opposed
A proposal to mandate an ongoing anti-terrorism role for Indonesia’s military has met with opposition from a range of lawyers and academics as well as human rights activists.
— UCA News

BPS: Community Consumption Slows Down Throughout 2017
Throughout 2017, national household consumption stood at the level of 4.95 percent. This figure slowed down compared to 2016 which grew 5.01 percent.
— Netral News

Turkish Firm Takes on Geothermal Project in Aceh
Turkey-based company Hitay Holding A.S will start working on a geothermal project in Gunong Geurudong, North Aceh.
— Tempo

 

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.

 

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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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