Indonesia morning news for July 25

Indonesia morning news for July 25

Indonesia morning newsHigh waves cause Rp 2 billion in losses in Yogyakarta
High waves occurring this month in Yogyakarta have so far caused over Rp 2 billion (US$137,807) in financial losses in the province, a team of experts have said.
— The Jakarta Post

Indonesia c.bank to launch new overnight benchmark next week
Indonesia’s central bank will launch a new benchmark for overnight interbank money market next week, called “Indonia”, which will eventually replace the existing Jakarta Interbank Offered Rate (JIBOR), a senior bank said on Tuesday.
— Reuters

Government told to cancel $200m loan from World Bank
The Agrarian Reform Consortium (KPA) has called on the government to cancel US$200 million loan from World Bank because the activities that will be funded by loan is “nothing to do with agrarian reform”.
— The Jakarta Post

BPN issues 1.4 million land certificates in first semester of 2018
Minister of Agrarian and Spatial Planning (ATR)/Head of National Land Agency (BPN) Sofyan Djalil said that his side has issued certificates for 1.4 million plots of land until the first semester of 2018.
— Antara News

Indonesia lures Uganda with $30 million in projects
Indonesia is offering Uganda joint infrastructure projects worth tens of millions of dollars amid ambitious plans to “intensively” open up new markets in Africa.
— The Jakarta Post (paywall)

Online Marketplace Transactions Grow 25 Percent during World Cup 2018
Online shopping sites in Indonesia have reported 20-80 percent visit and pageviews traffic hike during the 2018 World Cup in Russia. Lazada, Tokopedia, Shopee, Blibli, Bukalapak, and JD ID also saw the number of visits to their sites increasing until the closing of the World Cup.
— Netral News

Indonesia offering incentives for new 100% palm oil-based “green diesel”
Indonesia, the world’s biggest palm oil producer, is offering incentives to developers of a new 100 percent palm oil-based “green diesel”, which the net oil importer hopes can replace costly fuel imports within three years, the country’s industry minister said.
— The Star Online

Japan firm offers early education-focused daycare center in Indonesia
Japan’s lifelong education-to-nursing service group Human Holdings Co. has opened a daycare center in Indonesia that aims to increase local children’s exposure to advanced early education.
— The Jakarta Post

Ethnic diversity matters for decentralisation and development
Twenty years have now passed since the New Order regime was overthrown in Indonesia.
— East Asia Forum

Indonesian prison caught in ‘luxury’ cell scandal
Conditions at prisons in Indonesia are often poor and overcrowded, but officials at a prison in West Java have been arrested for allegedly providing “luxury” facilities for prisoners who are able to pay a price.
— Deutsche Welle

Enggartiasto to drum up GSP support from U.S. importers
Trade Minister Enggartiasto Lukita said he would drum up support from U.S. importers to maintain the Generalized System of Preferences (GSP) facility for certain Indonesian commodities exported to the world`s largest economy.
— Antara News

Cigarette Ads In South Kalimantan Now Banned
In South Kalimantan, Hulu Sungai Utara district head Abdul Wahid no longer permits cigarette advertising in order to make the region child-friendly.
— Indonesia Expat

Public transportation users up 11.4% in Jakarta since expansion of odd-even rule
Ahead of the start of the Asian Games on August 18, the Jakarta Government has been conducting a test expansion of the odd-even traffic rule in the hopes that it can help tame some of the capital’s notoriously awful traffic so that, once the massive sporting event begins, athletes and sports officials will be able to make it to their venues in a reasonable amount of time (they will also be shutting down some of the capital’s toll gates for that reason as well).
— Coconuts Jakarta

Indonesia’s Innovativeness Improves, Regulatory Environment Lags Behind
Indonesia’s rank in the Global Innovation Index has slightly improved to 85th from 87th in 2017, reflecting improvements in the country’s business environment.
— Jakarta Globe

Report says Indonesia ‘land swap’ plan puts forests at risk
Researchers say an Indonesian government plan to give plantation companies new lands in exchange for restoring areas they destroyed could result in more tropical forests being cut down.
— SFGate

Female Workers to Hold Protest at State Palace
Female workers who are members of the Indonesian Labor Unions Confederation (KSPI) will hold a rally in front of the State Palace tomorrow, July 25.
— Tempo.co

Indonesia’s MD Pictures Set for IPO Boost to Hollywood Ambitions
Leading Indonesian film and TV production company, MD Pictures is to go public with an IPO on the Jakarta stock exchange. It aims to raise some $29 million.
— Variety

Indonesia:Transport insurance business forecast to grow by 10% this year
A new regulation covering insurance for the export of coal and palm oil (CPO) as well as improving economic conditions are likely to boost transport insurance, including marine cargo insurance, at least until the end of 2018, says the Indonesian General Insurance Association (AAUI).
— Asia Insurance Review

New biodiesel recipe can cut Indonesia’s fuel imports: Industry minister
Indonesia, the world’s biggest palm oil producer, is offering incentives to developers of a new 100 percent palm oil-based “green diesel”, which the net oil importer hopes can replace costly fuel imports within three years, the country’s industry minister said.
— Reuters

Indonesia to use two references for financial market
Indonesia will soon use two financial market`s references of INDONIA for the overnight index and Jakarta Interbank Offered Rate (JIBOR) for a week to 12-month index.
— Antara News

BUMDes Establishments Surpass Medium Term Target by Six-Fold
The number of village-owned enterprises or BUMDes that have been established has increased significantly.
— Netral News

Treat rape victim as victim
A 15-year-old girl in Jambi is going to prison for terminating her eight-month pregnancy, a result of sexual assaults by her own brother who is 18.
— The Jakarta Post

 

Feature photo Patrik M. Loeff

 

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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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. 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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