Indonesia Morning News For July 4

Indonesia Morning News For July 4

Indonesia morning newsAIIB Approves $250M Loan To Modernize Irrigation in Indonesia
Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a US$250 million loan to improve irrigation services and management accountability in Indonesia.
— China Money Network

Indonesian trade mission to Morocco reaches US$10.96 million
Indonesian Trade Mission to Morocco, under the Trade Ministry Program, which showed off domestic flagship products, has managed to reach potential deals of US$10.96 million or Rp153.5 billion.
— Antara News

BREAKING: Aceh governor reportedly arrested by KPK
Corruption Eradication Commission (KPK) investigators reportedly arrested Aceh Governor Irwandi Yusuf during an operation in Aceh on Tuesday evening.
— The Jakarta Post

Govt: Industry 4.0 will Likely Create 10 Mn Jobs
Industry Ministry predicted the implementation of Industry Revolution 4.0 in Indonesia would likely create 10 million jobs until 2030.
— Tempo.co

Indonesia to review capital goods imports to control deficit
Indonesia plans to review the import of capital goods for big government projects to help manage its current account deficit, the finance minister said on Tuesday, part of a series of coordinated policy measures to bolster its financial markets.
— Nasdaq/ Reuters

MPTC raises stake in Indonesian infra firm
The tollways arm of Metro Pacific Investments Corporation (MPIC) has acquired more shares in Indonesian infrastructure firm, PT Nusantara Infrastructure Tbk, with an additional PHP597.33 million, as it expands presence in Indonesia.
— Philippine News Agency

Logistic costs in Indonesia remain high
Logistic costs in Indonesia are higher than those in other countries. Committee for Acceleration of Priority Infrastructure Delivery (KPPIP) chairman Wahyu Utomo said 72 percent of logistic costs went to transportation.
— The Jakarta Post

US unhappy after Indonesia revises imports
ollowing a World Trade Organisation (WTO) dispute between the US and New Zealand against Indonesia, the country has amended its import restrictions to meet WTO ruling.
— Asia Fruit

Indonesia’s Universitas Gadjah Madah develops gloves that translate sign language to verbal language
An announcement made by the Universitas Gadjah Madah (UGM) highlighted the invention of its students that allows people with hearing disability to communicate with other people.
— Open Gov

IPCC Offers 28 Percent Share to Public Offerings
PT Indonesia Kendaraan Terminal Tbk (IDX:IPCC) set the price of Initial Public Offering (IPO) amounting to IDR1,640 per share.
— Netral News

Indonesia’s GMF AeroAsia Eyes Deals With 5 New Airlines by End-2018: CEO
Garuda Maintenance Facility AeroAsia is eyeing partnerships with five new airline clients by the end of 2018, with a focus on Russian and Indian airlines, its chief executive said on Tuesday (03/07).
— Jakarta Globe

Indonesia revises requirements for horticultural imports
he Indonesian Ministry of Agriculture recently issued a new regulation that eliminates the use of “harvest periods” as a basis to restrict horticultural product imports.
— Fresh Plaza

Governor Anies says 2017 PAD has Surpass Target
Jakarta Governor Anies Baswedan says Jakarta’s locally-generated revenue (PAD) for the 2017 fiscal year had surpassed its target.
— Netral News

Non-tax revenue to rely on commodities in 2019
The government is expecting the prices of the main contributors to non-tax revenue – oil and coal – to increase next year.
— The Jakarta Post

At a glance: Taxes in Indonesia
Indonesia may have executed a successful tax amnesty, but the hard work of reforming its tax system to collect revenue more efficiently is still underway.
— The Business Times

West Java Faces Dilemma on Existence of Online Ojek
West Java acting Governor Gen. Comm. Mochamad Iriawan has yet provided any comments on the Constitutional Court`s rejection to acknowledge online ojek (motorcycle taxi) as a public transportation.
— Tempo.co

Fairer Distribution of the Infrastructure Projects Pie
The National Development Planning Agency (Bappenas) is ensuring that the government appropriately allocates infrastructure projects so that they fairly involve state-owned enterprises and the private sectors, besides the government itself.
— Global Indonesian Voices

China-Indonesia joint railway firm compensates houses for land use
China-Indonesia joint firm carrying out the Jakarta-Bandung High-Speed Railway project, KCIC, handed over on Tuesday a housing cluster to compensate houses and land of Indonesian air force personnel which were used by the project.
— Xinhua

Indonesia to host world peace forum next month
Prominent academics, peace activists and religious leaders, as well as world leaders like Malaysian Prime Minister Mahathir Mohamad and Palestinian President Mahmoud Abbas, have been invited to gather in Jakarta on Aug. 14 to 16 to exchange views on how to achieve world peace.
— The Jakarta Post (paywall)

 

Feature photo sendywulandh

 

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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