Indonesia Morning News For January 8

Indonesia Morning News For January 8

Indonesia morning newsChinese firm to build plastic plant in Batam
Batam Free Trade Zone Authority (BP Batam) has granted its first investment permit in 2018 to Chinese plastic maker Hong Sheng Plastic Industry, which is set to invest US$4 million in Batam, Riau Islands.
— The Jakarta Post

Renewable Portion in Energy Mix Increases
The Indonesian Ministry of Energy and Mineral Resources has recorded an increase in the portion of new and renewable energy in the country`s energy mix for power plants last year.
— Tempo

Indonesian crude price reaches highest value in december 2017: Ministry
The Indonesian Crude Price (ICP) recorded the highest value in December 2017 owing to the impact of the Organization of the Petroleum Exporting Countries (OPEC) policy, the Energy and Mineral Resources Ministry (ESDM) stated.
— Antara

AISI Forecasts 3 to 4 percent Rise in Motorcycle Sales
The Indonesian Motorcycle Producers Association (AISI) targets an increase in motorcycle sales this year reaching 5.9 to 6.1 million units.
— Tempo

Indonesia struggles with human trafficking networks
Tyas Weningsih Putri left her village in Kendal, Central Java in August 2016 to try her luck for a second time as a migrant worker in Malaysia.
— Bangkok Post

Bulog’s Role Maximized to Maintain Stable Price
The stability of food prices in the market must be optimized by the Logistics Agency (Bulog), as it is the role of this institution.
— Netral News

IFC extends $40m loan to Indonesia’s Radana to boost MSMEs lending
The International Finance Corporation (IFC), the private investment arm of the World Bank, has invested $40 million in the form of a senior loan facility in Indonesia’s PT Radana Bhaskara Finance Tbk.
— DealStreetAsia

Indonesia’s state-run airlines to open more direct flights to China’s cities from Bali
In a bid to tap more tourists from China, Indonesia’s state-run airlines Garuda Indonesia was scheduled to open more flights linking Bali to Zhengzhou and Xi’an later this month, the airline official said.
— Xinhua

Govt Set to Pursue Facebook to Pay Tax Obligations Soon
The government through the Directorate General of Tax (DGT) will continue to collect tax revenue by pursuing the tax from Internet-based digital services providers (Over The Top / OTT) such as Facebook and Twitter.
— Netral News

Indonesia: Some turn a blind eye to get things done
Singapore companies operating in Indonesia often face a dilemma amid a culture of corruption in many of the country’s outlying regions, where giving bribes is considered a norm.
— The Straits Times

The highest paying jobs in Indonesia revealed
Indonesia’s continued economic growth has driven robust recruitment activity in 2017, according to recruitment firm Roberts Walters in its latest annual survey, as it predicts strong demand in 2018 for talent across all sectors apart from oil, gas and mining.
— The Jakarta Post

Angkasa Pura II: Airports Receive 63 Million Passengers in 2017
State-owned airport operator PT Angkasa Pura II (AP II) recorded 63,015,620 passengers in 2017. The number rose8 percent compared to the previous year with 58,195,484 passengers.
— Tempo

Pelni Logistics Target Obtaining Profit of IDR49 Billion in 2018
Pelni Logistics, a subsidiary of state-owned marine transport company Pelayaran Nasional Indonesia (Pelni), targets obtaining profit of IDR49 billion in 2018, an increase from IDR45 billion in 2017, following positive growth for the country’s logistics sector in the next few years.
— Netral News

Air Asia to close Solo-Kuala Lumpur route
Malaysian based low-cost carrier Air Asia would stop its Solo – Kuala Lumpur flights starting from mid-January, Head of Commercial Air Asia, Berhad Spencer Lee, said.
— Antara

Money in circulation up 12% in 2018
The amount of money in circulation in 2018 is predicted to grow by 10 to 12 percent from Rp 694.8 trillion (US$5.18 billion) in 2017, on the back of many political agendas stimulating the economy.
— The Jakarta Post

Indonesian millennial youth prefer non-cash transactions
According to surveys, most of the Indonesian millennial youth prefer transactions through non-cash system, such as using debit cards, credit cards, and electronic money.
— Antara

 

Feature photo Curt Carnemark / World Bank

 

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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 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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