Indonesia Morning News For January 18

Indonesia Morning News For January 18

Indonesia morning newsIndonesia to regulate taxes for global firms’ subsidiaries
The Directorate General of Taxation has issued a regulation on taxes for subsidiaries of global companies, an official has said.
— The Jakarta Post

Sales of Pajero Sport Reach 120,000 Units
One of the mainstay variants of PT Mitsubishi Motors Krama Yudha Sales Indonesia (PT MMKSI) in the segment of Sport Utility Vehicle (SUV) for Pajero Sport has recorded sales of 120,000 units since it was first launched in 2009.
— Netral News

Electronic City Indonesia Spent Over 66% of Its IPO Proceeds
Indonesia-based electronics retail store Electronic City Indonesia announced that it has used more than half of the funds that were collected through the company’s initial public offering (IPO) on the Indonesia Stock Exchange in 2013.
— Indonesia Investment

PGN to acquire Pertagas in cash scheme
State-owned gas distributor PT Perusahaan Gas Negara (PGN) will acquire state-owned energy firm Pertamina subsidiary PT Pertagas through a cash scheme, instead of an asset handover (inbreng), an official said in Jakarta on Wednesday.
— The Jakarta Post

Agriculture Minister on Govt Deciding on Rice Import Policy
Minister of Agriculture Amran Sulaiman revealed that rice import policy does not affect other commodities in the face of increasing production per year.
— Netral News

Indonesia Automotive Market to experience steady growth in 2018, driven by positive consumer sentiment
The Indonesia automotive market is expected to remain resilient in 2018.
— AsiaOne

Pelindo IV to Release Bonds Worth Rp5 Trillion
State-owned port operator PT Pelabuhan Indonesia IV (Pelindo IV) plans to issue bonds, amounting to Rp5 trillion, to finance the acceleration of Makassar New Port project development.
— Antara

Trade Balance Surplus, Rupiah Appreciates against Dollar
The rupiah currency against the US dollar on Wednesday (1/17/2018) is moving stronger in positive territory.
— Netral News

BNI prepares convertible bonds worth Rp2 trillion
State-owned bank Bank BNI will issue convertible bonds worth Rp2 trillion to strengthen capital and mitigate systemic impact in the case of an economic crisis.
— Antara

Breaking News: President Jokowi Revokes Ban on Cantrang
President Joko Widodo or Jokowi made a surprising move by revoking the ban against the use of cantrang as a fishing tool after meeting with several representatives of fishermen protesters.
— Tempo

Lazada to implement e-payment gateway system this year
E-commerce platform Lazada Indonesia plans to implement an electronic payment gateway system this year, said Lazada Indonesia chief marketing officer Achmad Alkatiri in Jakarta on Wednesday.
— The Jakarta Post

Notog Tunnel Project Will Become the Longest Double Track Railway in Indonesia
Notog Railway tunnel project is the first and longest double track railway in Indonesia that penetrates the hills of Mount Gamping as far as 473 meters and connects Purwokerto and Kroya.
— Netral News

Indonesia’s tourism industry upbeat about Chinese New Year prospects despite impact of Bali’s Mount Agung
Indonesia’s tourism industry is optimistic about business prospects around Chinese New Year, despite the lingering impact of volcanic activity from Mount Agung in Bali.
— The Straits Times

Govt to Block Google if LGBT Apps Not Taken Down
The Communication and Informatics Ministry ordered tech-giant Google to remove 75 mobile applications from Google Play Store.
— Tempo

Matahari, Pasaraya Sue Each Other over the Closure of Matahari Outlets
PT Matahari Department Store Tbk (LPPF.JK) stated that the statement of the Pasaraya regarding the existence of a default by the Matahari is incorrect.
— Netral News

 

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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