Indonesia open for rice imports to contain prices
The Trade Ministry says it is open to rice imports to bolster stocks, as prices have increased in recent weeks.
— The Jakarta Post
Unrealized Investment Projects in Indonesia Reaches IDR1,000 Trillion
Throughout 2010 to 2017, there were 190 investment projects that have not been realized.
— Netral News
190 Construction Projects in Indonesia Stagnant Since 2010
The Government revealed that there are 190 construction projects that remain stagnant from 2010 to 2017.
Hyundai considers plant in Vietnam or Indonesia
The Republic of Korea (RoK)’s Hyundai Motor said it is considering building a car plant in Southeast Asia with Indonesia and Vietnam being possible locations.
— VietnamNet Bridge
Australia’s CBA weighs exiting Indonesian insurance unit valued at up to $250 mln-sources
Commonwealth Bank of Australia (CBA) will consider selling its majority stake in an Indonesian insurance venture, with any deal likely valuing the insurer at up to $250 million, people familiar with the matter said.
UD Trucks enters light truck market
The Indonesian subsidiary of Japanese truck manufacturer UD Trucks is set to introduce a light truck later this year to strengthen its foothold in the country’s truck market.
— The Jakarta Post
AP II, BRI to Implement Non-cash Transaction in Airports
State airport operator PT Angkasa Pura II (AP II) joins hands with Bank Rakyat Indonesia (BRI) to implement non-cash transaction and electronic payment services in airports.
Indonesia’s Jokowi Seeks to Slow Forest Fire Devastation
Over the past two decades, forest fires have become a seasonal phenomenon in Indonesia, destroying some of the most diverse flora and fauna on the planet and blanketing Southeast Asia with a choking haze as smallholders and large corporations both have put millions of hectares of old-growth to the torch.
— Asia Sentinel
Kadin Urges Minister Susi to Focus on Fishery Industrialization
The Indonesian Chamber of Commerce and Industry (Kadin) has urged Maritime Affairs and Fisheries Minister Susi Pudjiastuti to focus more on industrialization of the fishery sector in cooperation with the private sector.
Indonesia Will Boost Economy Through Defense Industry: Minister
The government seeks to develop Indonesia’s defense industry to further boost the national economy, Defense Minister Ryamizard Ryacudu said on Thursday (11/01).
Asia Coffee-Vietnam trading slows, Indonesia muted
Trading in major Asian coffee producers remained dull on Thursday, with Vietnam seeing low activity on weak demand while the Indonesian market is expected to remain muted in the lean pre-harvest season, traders said.
Volcano erupts in Indonesia’s Bali, airport remains safe
Indonesia’s Bali international airport was declared safe, operating normally following eruption of the island’s Mount Agung volcano on Thursday afternoon.
Feature photo Curt Carnemark / World Bank
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