Indonesia Morning News For January 17

Indonesia Morning News For January 17
Estimated Reading Time: 3 minutes |

Indonesia morning newsGovernment Issues Permit to Import 500,000 tons of Rice
The Trade Ministry has officially issued the permit to import 500,000 tons of rice which will be effective until February 28.
— Tempo

2018, Investment in Chemical, Textile and Miscellaneous Industry Expected to Reach IDR117 Tln
The Ministry of Industry targets the investment value in the chemical, textile and miscellaneous (IKTA) sectors in 2018 to reach IDR117 trillion, up from the 2017 realization that is expected to reach IDR94 trillion.
— Netral News

Gov’t Issues New Rules on Natural Gas Pricing, Transmission
The government capped natural gas trader profit margins at 7 percent in rules released this week by the Ministry of Energy and Mineral Resources, which companies will have up to 18 months to adopt.
— JakartaGlobe

Bank Indonesia Calls on Gojek to Stop QR Code Payment System
App-based ride-hailing service Go-Jek complied with the request of Bank Indonesia to stop the company`s trial of the QR-based electronic payment.
— Tempo

Indonesia’s foreign debt stands at $347.3b, 34% of GDP
Indonesia’s foreign debt stood at US$ 347.3 billion in November last year, growing by 9.1 percent year-on-year (yoy), according to Bank Indonesia’s (BI) report.
— The Jakarta Post

Indonesia expects Saudi Arabia to invest in transport, tourism
The government of Indonesia has asked investors from Saudi Arabia to park their funds in the sector of transport, tourism and infrastructure as connectivity of the two nations grows, a minister said here Tuesday.
— Xinhua

Indonesia’s first wind farm 90% complete: PLN
The government is now finishing the development of a 100-hectare Sidrap Wind Farm in Sindereng Rappang regency, South Sulawesi, the first wind power project in the country and the largest project of its kind in Southeast Asia.
— The Jakarta Post

Indonesia bourse holds minute silence for injured after floor collapse
Indonesia’s stock exchange held a minute silence at the start of trading on Tuesday for more than 70 people injured when a mezzanine floor in the building suddenly collapsed.
— Reuters/Business Insider

Unreliable data forced hand in rice import: Minister
Coordinating Economic Minister Darmin Nasution has admitted that the government had no reliable data on rice production or demand, which had forced it to resort to unplanned imports in an effort to ease the price increase.
— The Jakarta Post

LCK Global Shares Up 50 Percent in Initial Trading
PT LCK Global Kedaton Tbk (LCKM) performed its listing and initial trading of its shares on the Indonesia Stock Exchange (IDX) Tuesday (1/16/2018). At the opening of trading, its shares went directly up 50 percent to IDR312 per share.
— Netral News

BPS starts collecting data on e-commerce
The Central Statistics Agency (BPS) has started to collect data on e-commerce, the results of which will be used to help the government introduce a policy on the industry.
— The Jakarta Post

SET ends lower, Indonesia shares mark record close
The Stock Exchange of Thailand main index slightly eased, while Indonesian shares notched up an all-time closing high on Tuesday.
— Bangkok Post

Govt: Indonesia Most Vulnerable Country to Climate Change Impacts
National Development Planning Board (Bappenas) Minister Bambang Brodjonegoro recently underlined the fact that effects of climate change are too real to deny.
— Tempo

Tasty S’pore food in Indonesia
More Singapore firms in the food business are getting onto the shelves in top supermarket chains in Indonesia.
— The Straits Times

Indonesia, Turkey team up to develop military drones
Aircraft company PT Dirgantara Indonesia (PTDI) is collaborating with Turkish Aerospace Industries (TAI) to produce unmanned aerial vehicles (UAVs), which are capable of flying at a maximum height of 40,000 feet.
— The Jakarta Post

 

Feature photo Kanenori

 

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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

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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