Indonesia Morning News For January 9

Garuda Indonesia to add 30 new routes
National flag carrier Garuda Indonesia is set to add 30 new routes for both domestic and international flights, said airline spokesman Ikhsan Rosan on Sunday.
— The Jakarta Post

Govt Hopes Industrial Zones to Attract Rp250 Trillion Investment
Industry Minister Airlangga Hartarto said the government hopes that 13 industrial zones in the country are expected to attract Rp250.7 trillion worth of investment in 2018.
— Tempo

Renewable energy production exceeds 2017 target
The Energy and Mineral Resources Ministry has announced that, as of December 2017, renewable energy contributed to 12.62 percent of the total national electricity supply, exceeding the 2017 state budget target of 11.96 percent.
— The Jakarta Post

Three Indonesia’s SOEs to issue Komodo bonds this year
Three state-owned enterprises (SOEs) are set to issue Komodo bonds this year, following state-owned toll road operator PT Jasa Marga’s move of issuing rupiah-denominated bonds at the London Stock Exchange (LSE), according to State-owned Enterprises Minister Rini Soemarno.
— The Jakarta Post

PLN ready to issue bonds worth US$1-2 billion in Q1
State electricity company PT Perusahaan Listrik Negara (PLN) is ready to issue rupiah-denominated bonds worth Rp1-2 trillion (US$1-2 billion) in the first quarter of 2018 to support its operational needs.
— Antara

Indonesia: Tempo Inti Media attracts interest from six strategic investors in $7m rights issue
One of Indonesia’s largest media groups PT Tempo Inti Media Tbk is looking to raise Rp99.99 billion (nearly $7 million) through the issuance of new shares, it said in a prospectus filing with the Indonesia Stock Exchange (IDX) on Friday.
— DealStreetAsia

Indonesia posts 130 bln USD foreign reserves in December
Indonesia posted 130.20 billion U.S. dollars of foreign reserves by the end of December last year, up from 125.97 billion U.S. dollars it recorded a month earlier, an Indonesian central bank official said here on Monday.
— Xinhua

Central government supports $26b LRT project
Transportation Minister Budi Karya Sumadi has expressed support for a proposal from PT Ratu Prabu Energi to develop a 200-kilometer light rapid transit (LRT) project with a US$200 billion investment value in Jakarta.
— The Jakarta Post

Minister Jonan: One-Price Fuel Program Fully Realized
Energy and Mineral Resources Minister Ignasius Jonan claimed that the one-price fuel policy, included in the national strategic program, has been fully realized.
— Tempo

Medco Energi Reports Profit of US$164.3 Mln in Late September 2017
PT Medco Energi Internasional Tbk (MEDC.JK) posted net profit of US$164.3 million during the nine months ended September 30, 2017. The performance was much better than the first period of the previous year which recorded a loss of US$149.5 million.
— Netral News

Indonesia’s Inka begins eyeing African market
Indonesia`s state-owned train manufacturer PT Industri Kereta Api (INKA) begins eyeing the African market as part of its business expansion after successfully marketing its train cars in Southeast Asia and South Asia.
— Antara

Pertamina, AKR Corporindo to Procure Subsidized Fuels From 2018-2022: Regulator
Indonesia has appointed state-owned energy company Pertamina and privately owned AKR Corporindo to procure subsidized fuels from 2018-2022, said Muhammad Fanshurullah Asa, the chairman of downstream oil and gas regulator BPH Migas, on Monday (08/01).
— Jakarta Globe

Kerinci coffee sold in Washington DC
Kerinci coffee, a variety of arabica coffee from Jambi, was sold in Washington DC, capital of the United States, at the Vigilante Coffee Company (VCC), an independent cafe supporting the green bean buyer mechanism.
— Antara

Luhut: 2018, There Will be No More Sinking of Illegal Fishing Ships
Coordinating Minister for Marine Affairs Luhut Binsar Pandjaitan explicitly stated that in 2018 there will be no drowning of illegal foreign fishing vessels that steal fish in Indonesian waters this year 2018.
— Netral News

Indonesian Gov’t to Modernize Thousands of Traditional Markets
Indonesia will refurbish 1,592 traditional markets across the country this year as part of President Joko “Jokowi” Widodo’s nine-pronged and domestic-focused Nawacita development program, its Trade Minister Enggartiasto Lukita said on Thursday (04/01).
— Jakarta Globe

The world’s ugliest pig spotted on camera in Indonesia
A rare pig species, thought to be the world’s ugliest, has recently been captured in camera traps in Java of Indonesia, according to The Jakarta Post Online on Sunday (Jan 7).
— Thai PBS

Feature photo Curt Carnemark / World Bank

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