Indonesia to buy majority Grasberg stake for $3.85bln
State-owned PT Indonesia Asahan Aluminium (PT Inalum) will become a 51% shareholder in Grasberg, the world’s second largest copper mine, buying shares from Rio Tinto and Freeport-McMoRan in a deal totaling $3.85 billion, Rio Tinto and Freeport-McMoRan said on Thursday July 12.
— Metal Bulletin
House approves Rp 2.57t budget for Industry 4.0
The Trade Industry is getting an additional Rp 2.57 trillion (US$178 million) after the House Commission VI overseeing industry affairs agreed to financially support the development of Industry 4.0.
— The Jakarta Post
World Bank offers Indonesia Loans for Multiple LRT Projects
The World Bank is reportedly offering the Indonesian government a loan to specifically fund the country’s light rail transit (LRT) developments in four major cities other than Jakarta such as; Medan, Bandung, Surabaya, and Bali.
— Tempo.co
AI adoption: Indonesia leads ASEAN, Singapore lags behind
Adoption of artificial intelligence in the Asia Pacific region is on the rise, according to a recent report released by IDC.
— Networks Asia
Indonesia seeks peace in South China Sea
Amid rising tensions in the disputed South China Sea, claimed in most part by China, efforts to seek peace have become part of Indonesia’s defense diplomacy, Defense Minister Ryamizard Ryacudu said on Wednesday.
— The Jakarta Post (paywall)
Ahok To Refuse Parole And Serve Out Prison Sentence
Former Jakarta governor Basuki Tjahaja Purnama, who is serving a two-year jail sentence for blasphemy, will refuse parole in hope of an early release date.
— Indonesia Expat
Indonesia’s coal output rises in H1 amid price hike
Indonesia carried out vigorous coal production in the first half of this year as global prices rose to a higher level.
— Xinhua
Government to build 10 new airports
Transportation Minister Budi Karya Sumadi has said that the government plans to develop 10 new airports to support the development of tourism in the country.
— The Jakarta Post
GoJek Set to Expand to Four Asian Countries
The ride-hailing service provider (also known locally as online application-based transportation service provider), GoJek, assures that it has expanded or spread its network to four countries in Southeast Asia, namely Singapore, Philippines, Thailand and Vietnam.
— Netral News
Australia Says Will Support Indonesia in Addressing Regional Disparity
Indonesia’s undertaking to address regional disparities must be rooted in issues of connectivity, competitiveness and human capital, Australian ambassador said this week, adding that bilateral cooperation in these areas will be intensified.
— Jakarta Globe
President Jokowi to familiarize public with PPPh policy for MSMEs
President Joko Widodo will disseminate information on a policy in which the Final Income Tax (PPh) for Micro, Small, and Medium Enterprises (MSMEs) is set at 0.5 percent during the 71st National Cooperatives Day 2018.
— Antara News
BI: Interest Rate Increase Boosts Foreign Capital Inflow
Bank Indonesia (BI) Governor Perry Warjiyo said that BI always maintains the stability of the rupiah through various policy instruments.
— Netral News
Dassault Systèmes signs MOU to develop Indonesia’s smart cities
Dassault Systèmes and the District Government of Padang Pariaman signed a Memorandum of Understanding (MOU) on 9 July 2018 to utilize the 3DEXPERIENCE platform for future development of the “Padang Pariaman Smart City Implementation Project”, at the World Cities Summit 2018.
— eGov Innovation
App for pepper farmers to monitor global market
Pepper farmers will be able to adopt the best cultivation practices at their fingertips with the launch of the International Pepper Community (IPC) Farmers App.
— The Star Online
Indonesia, Spain seek to boost investment
Indonesia and Spain are aiming to boost Spanish investment here through an agreement to promote cooperation among companies from both count
— The Jakarta Post (paywall)
Investors Postpone Investments due to Rupiah Depreciation
Head of the Investment Coordinating Board (BKPM) Thomas “Tom” Trikasih Lembong said the rupiah exchange rate against the weakening dollar lately made investors postpone their investment.
— Netral News
Toyota assists Indonesia in developing eco-friendly vehicles
Toyota Motor Corp. is cooperating with the Indonesian government to develop eco-friendly vehicles by lending Prius hybrid cars and other models to six major universities in the Southeast Asian country.
— The Japan Times
LRT Development for Asian Games Progresses to 90 percent
Transportation Minister Budi Karya Sumadi said the progress of the light rail transit (LRT) project development has progressed to 90 percent. Budi explained the dynamic test had been underway.
— Tempo.co
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.
Indonesia Morning News For July 13 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.
She joined AEC News Today in December 2016.
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