Indonesia Morning News For July 12

Indonesia Morning News For July 12
Estimated Reading Time: 6 minutes |

Indonesia morning newsIndonesia Estimated to Have US$1 Bln Surplus in Foreign Trade
Bank Indonesia (BI) Governor Perry Warjiyo said he estimated the country was favored with a surplus of US$1 billion in its foreign trade in June, larger than previous prediction of US$900 million.
— Antara News

Indonesia logs robust retail sales in May on ratcheting demand
Indonesia recorded a more vigorous figure of annualized growth of retail sales in May, doubling that in the preceding month as holy fasting month steeply spurred demand.
— Xinhua

Avanti to Receive $20 Million Arbitration Award from Indonesia
U.K. satellite operator Avanti Communications is set to receive more than $20 million from the Indonesia government in August as the result of a legal action it brought against the nation in the London Court of International Arbitration.
— Via Satellite

Chevron exits Indonesia’s Makassar Strait block
Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday.
— Nasdaq

Indonesia To Set Up New Economic Centers Outside Of Heartland Java
Indonesia will extend its portfolio of economic growth centers beyond the economic heartland of Java, national development planning minister Bambang Brodjonegoro said, adding that the government was committed to creating those centers in its effort to reducing economic disparities between Java and other regions.
— Investvine

U.S. Wants Abolition of Import Barriers on its Goods
The U.S. government demands abolition of restriction both tariff and non tariff barriers on its goods imported into Indonesia if the country wants the United States to keep the generalized system of preferences (GSP) facility for a number of Indonesian goods.
— Antara News

Ahok to be Released with Parole in August, DirGen Sri Puguh Budi Utami says
Director General of Corrections Sri Puguh Budi Utami say the former Jakarta governor, Basuki Tjahaja Purnama (Ahok) will by released with parole from the Brimob HQ prison in August 2018.
— Netral News

Indonesia overturns ban on Chinese video app Tik Tok
Indonesia has overturned its ban on Chinese video app Tik Tok after it agreed to censor “negative content”, the Communications Ministry said on Wednesday.
— Reuters

Indonesia Signs Four Oil, Gas Contracts under Gross Split Scheme
The Indonesian government, on Wednesday, signed four oil and gas block operation contracts, which will terminate in 2019 and 2020, under a gross split scheme.
— Antara News

Indonesia says scrapping plans to bring back soybean import tax
Indonesia’s trade minister said the country is scrapping plans to bring back an import tax on soybeans, ahead of a meeting to persuade U.S. officials to keep the Southeast Asian nation on a list of countries that receive preferential trade terms.
— Success Farming

Indonesia Ratifies Defense Pact With S. Korea, Wants to Continue Stealth Jet Project
Indonesia on Tuesday (10/07) ratified a defense cooperation agreement with South Korea, providing legal footing for continuing joint military projects, including development of the KF-X/IF-X fighter jets.
— Jakarta Globe

Philippines pips Indonesia as May’s top bulk Aus wheat destination
THE Philippines was Australia’s largest bulk wheat market in May, taking 306,483 tonnes out of a total shipped for the month of 1.26 million tonnes (Mt), up slightly from the April total of 1.25Mt, according to the latest export figures from the Australian Bureau of Statistics (ABS).
— Grain Central (blog)

‘China and Indonesia to lead global oil storage capacity growth’
China and Indonesia will be the major contributors for the growth of the global oil storage industry, as they are set to add the most planned storage capacity among all countries from 2018–2022, according to GlobalData, a leading data and analytics firm
— Oil Review Middle East

Dynamism beats dynasties in Indonesia’s local elections
On 27 June 2018 Indonesians were asked to elect governors, district heads and mayors in 17 provinces, 115 districts and 39 municipalities.
— East Asia Forum

BCA yet Reveals Identity of soon-to-be Acquired Banks
PT Bank Central Asia Tbk (BCA) will acquire two small banks in accordance with the direction of banking regulator. The certainty of this process will be announced in September 2018.
— Netral News

Govt to incentivize low-cost carriers to boost tourism
The government is drafting a regulation to provide incentives for low-cost carriers (LCCs) to boost tourism.
— The Jakarta Post

Tax Collection Improves, but Not Enough to Meet 2018 Target
Indonesia, long weak in tax collection, is collecting significantly more this year than in 2017, but still will fall short of the 2018 target, the tax office chief said on Tuesday (11/07).
— Jakarta Globe

Indonesia Among World`s Top 10 Safest Countries: President Jokowi
President Joko Widodo (Jokowi) has lauded the Law and Order Index placing Indonesia among the top ten safest countries in the world.
— Antara News

Living a double life: Indonesia’s atheists fear jail or worse
As a university student, Luna Atmowijoyo prayed five times a day, refused to shake hands with men who weren’t relatives and was “more fundamentalist” than her pious Muslim parents.
— The Straits Times

Best Hotel in the World: Four Seasons Resort Bali at Sayan Receives Highest Honour in Travel + Leisure’s World’s Best Awards
Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, has received the award for the best hotel in the world from Travel + Leisure magazine’s World’s Best Awards for Four Seasons Resort Bali at Sayan, along with broad recognition across its global portfolio of hotels and resorts.
— PR Newswire (media release)

Names of Jokowi’s Vice Presidential Candidate Narrows to just 5
President Joko Widodo confirmed that the names of the Vice Presidential candidate to accompany him in the 2019 Presidential Election has been narrowed down to 5 names.
— Netral News

US-China Trade War Will Affect Regional Economies: Minister
Regional economies in Indonesia will be affected if the United States suspends its special tariffs for some of the country’s exports, a minister said on Tuesday (10/07).
— Jakarta Globe

Family planning still not seen as human right in Indonesia
As the world commemorated the 50th World Population Day on Wednesday, the United Nations chose “family planning is a human right” as this year’s theme.
— The Jakarta Post (paywall)

Govt Admits Still Struggling in Dealing with Development Gap
Minister of National Development Planning/Head of Bappenas Bambang Brodjonegoro revealed that the government is still struggling to overcome the problem of development gap in Indonesian territory.
— Netral News

 

Feature photo JonathanSheridanJones

 

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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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Stella-maris Ewudolu

Journalist at AEC News Today
Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.

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