Indonesia Morning News For January 16

Indonesia Morning News For January 16

Indonesia morning newsDramatic Security Video Captures Moment #Indonesia Stock Exchange Floor Collapses (HD video)
At least 28 people are reported injured while others were reportedly trapped under debris following the collapse earlier today of a mezzanine floor at the Indonesian Stock Exchange (IDX) building on Kebayoran Baru, in the heart of Jakarta’s financial district.
— AEC News Today (video)

All politics is local in Indonesia
All politics is local, as the saying goes. But it takes only a quick look at the jostling that has gone on over the selection of candidates for June’s regional elections to understand just how local Indonesia’s political party system is after 18 years of democratic rule.
— Asia Times

Gov`t Focuses on Improving 6 Ease of Doing Business Indicators
The Indonesian Government is set to improve six indicators ease-of-doing-business indicators that are slightly underperforming.
— Tempo

Indonesia welcomes foreign banks following MUFG’s Danamon deal
Banks from countries including China are looking to follow the example of Japan’s largest lender and buy stakes in Indonesian financial institutions, according to the head of the Southeast Asian nation’s Financial Services Authority.
— The Star Online

Bank Indonesia, police prevent bitcoin transactions in Bali
Bank Indonesia (BI) has teamed up with the National Police to prevent transactions using cryptocurrency bitcoin in Bali after the central bank declared it an illegal form of payment in Indonesia.
— The Jakarta Post

Indonesia plans to complete 2018 forex govt bonds sales in H1
Indonesian government is aiming to complete sales of planned foreign currency denominated-bonds in the first half of this year, Luky Alfirman, Finance Ministry’s head of financing and risks management office said.
— Business Recorder

Globaltec’s NuEnergy gets methane cert from Indonesia
Globaltec Formation Bhd’s subsidiary NuEnergy Gas Ltd has received the coal bed methane reserves certification from Indonesia for the Tanjung Enim production sharing contract (PSC).
— The Star Online

Mercator resumes coal operations in Indonesia
The operations were disturbed for a large part of the third quarter due to change in the management team, it said in a BSE filing.
— MoneyControl

Indonesian Construction Companies in Focus: Wijaya Karya
Coordinating Minister for Maritime Affairs Luhut Pandjaitan is tasked to perform the evaluation.
— Indonesia Investment

Japan’s Money Forward makes first overseas investment in Indonesian startup Sleekr
Tokyo-based fintech firm Money Forward has made a significant yet undisclosed investment in Jakarta-based startup Sleekr, marking the Japanese firm’s first overseas deal, according to a Tech in Asia report.
— DealStreetAsia

Indonesian contractor eyes up to $400m from Komodo bonds
Indonesian state-owned contractor Wijaya Karya on Monday said it plans to raise up to $400 million from the overseas issuance of rupiah-denominated bonds, dubbed Komodo bonds, to help fund President Joko Widodo’s ambitious infrastructure drive.
— Nikkei Asian Review

High rice prices bring no benefits, farmers association says
Several farmers have said they have not gained from the current high rice prices, claiming an increase in prices was caused by speculation by traders who have stockpiled the commodity.
— The Jakarta Post

Cumulative Figure of Indonesia Exports and Imports in 2017
Throughout 2017, Indonesia’s trade balance posted a surplus of up to $11.84 billion.
— Netral News

Indonesian study: Insufficient information on sugar intake in relation to health problems
Despite soaring obesity and diabetes rates in Indonesia, researchers say there is insufficient information detailing the levels and sources of added sugar intake among the population.
— Food Navigator

Fisheries industry misses targets for three consecutive years
The Indonesian Traditional Fishermen Association (KNTI) has recorded that Indonesia has failed to achieve both its production and export targets in the fisheries sector in last three years from 2015.
— The Jakarta Post

Transportation minister offers Mandalika to Arabian investors
Minister of Transportation Budi Karya Sumadi has offered the development project of Lombok International Airport and Mandalika Tourism Area to 150 investors from Saudi Arabia.
— Antara

PT DI, Turkish Aerospace Industries Set to Develop UAV

State-owned aircraft manufacturer PT Dirgantara Indonesia (PT DI) and the Turkish Aerospace Industries have discussed their partnership to develop an unmanned aerial vehicle (UAV).
— Tempo

 

Feature photo Kanenori

 

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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