Indonesia Morning News For January 29

Indonesia Morning News For January 29

Indonesia morning newsIndonesia’s GMF AeroAsia to raise $59m in new share sale
Indonesia’s PT Garuda Maintenance Facility AeroAsia said on Friday it would sell 2.34 billion new shares at a minimum price of 336 rupiah a piece in a share sale.
— DealStreetAsia

Indonesian Government’s 35,000 MW Electricity Program is at 48 Percent
The availability of adequate, equitable and affordable electricity will increase the investments and economic growth of the people.
— Netral News

Indonesia wins dispute against EU biodiesel import duties
Indonesia has won a biodiesel dispute against the European Union (EU) at the World Trade Organization (WTO) that will pave the way for the Southeast Asian country to revive its biodiesel exports to the EU.
— The Jakarta Post

Govt Has 2 Options in Response to Soaring Global Oil Price
World oil price rose in fluctuation reaching US$ 60 per barrel in the past the past three months.
— Tempo

More debt restructuring deals likely in 2018 in Indonesia’s natural resource space: Withers KhattarWong
Having advised on Southeast Asia’s largest debt restructuring deal last year — that of Indonesian mining firm Bumi Resources Tbk — law firm Withers KhattarWong is expecting a surge in debt restructuring deals this year in the natural resources and energy sectors, thanks to an upswing in commodity prices.
— DealStreetAsia

Govt Reason to Raise Excise Duties by 57 Percent for Electric Cigarettes
The government will impose excise duties of 57 percent for electric cigarettes (e-cigarettes) or vape. However, this step is considered to turn off this newly grown industry.
— Netral News

House Expects BPS to Validate Data of Rice Import
House of Representatives Deputy Speaker Taufik Kurniawan expressed his expectation for Statistics Central Agency (BPS) to validate data on rice import that recently stirred up a controversy.
— Tempo

Central bank warns banks against violating LTV regulation
Bank Indonesia said the Jakarta administration`s plan to build low cost houses on bank credit without down payment needs legal basis.
— Antara

To Realize Global Maritime Axis, Indonesia Needs Comprehensive Roadmap
Indonesia becoming the Global Maritime Axis (GMA) is one of promotions of Joko Widodo when targeting the presidency in this country.
— Netral News

Former furniture maker now Indonesia’s hands-on president
Among Southeast Asia’s major powers is Indonesia. Its president, Joko Widodo, a furniture maker, has risen to become the leader of this nation of 260 million people.
— Nikkei Asian Review

Economist Recommends Raising Fuel Price as Oil Price Soars
Economist Chatib Basri expressed that government needs to raise subsidized fuel price (BBM).
— Tempo

Yogyakarta Optimistic to Reach 10% Increase in Tourist Visits
Yogyakarta Tourism Agency is optimistic that the number of visits of both domestic and international tourists in 2018 will rise 10 percent than that of 2017.
— Tempo

Mercedes Luxury Cars Successfully Sold 4,772 Units in 2017
Throughout 2017, Mercedes-Benz Indonesia recorded positive achievement.
— Netral News

Medco Raises $500m From Global Bonds
Jakarta-listed oil and gas company Medco Energi Internasional raised $500 million from the sale of global bonds, the proceeds of which will be used to refinance debt and for working capital.
— JakartaGlobe

Indonesian noodle enters Milan`s fast food restaurant
Indonesian popular noodle `Indomie` has entered Milan`s CKN&CKN fast food restaurant, one of the eateries which serves halal food in Italy.
— Antara

Kuala Tanjung Port Set to be Operational This Year
The construction of the Multipurpose Terminal at Kuala Tanjung Port, owned by state-owned port management company Pelabuhan Indonesia I, also known as Pelindo 1, has reached 94 percent for sea side, and 74.5 percent for land side.
— Netral News

Pak, Indonesia to strengthen coop in defence, economy
Pakistan and Indonesia have agreed to strengthen cooperation in diverse fields including defense, security and economy.
— Pakistan Observer

 

Feature photo Ilya Yakubovich

 

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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