$1b Loans From ADB to Support Indonesia’s Fiscal, Investment Reforms
The Asian Development Bank has approved $1 billion in policy-based loans to support Indonesia’s reforms in public expenditure, and to improve the country’s investment climate.
— Jakarta Globe
Foreign exchange reserves slide to US$122.9b
Bank Indonesia (BI) has reported that the country’s foreign exchange reserves fell to US$122.9 billion as of late May, down from $124.9 billion in the previous month.
— The Jakarta Post
Govt Deems Excise Tax of 57 Percent of Selling Price for Vape Appropriate
The government ensures the imposition of excise duty on tobacco products (HPTL) such as e-cigarette and electric cigarette liquor or vape starting July 1, 2018.
— Netral News
Indonesia elected as non-permanent member of UN Security Council
Indonesia was elected on Friday as one of the non-permanent members of the United Nations Security Council (UNSC) for a two-year term.
— Borneo Bulletin
Indonesia tries to get companies to hold more rupiah to stem weakness
Over the past couple of decades, Indonesian companies have developed a tried and tested strategy to cope with the periodic plunges in the rupiah: retain dollars to protect their profits.
— Today Online
Garuda Indonesia Enters Top 10 Global Airlines with Best OTP Arrivals
Garuda Indonesia entered the top 10 global airlines with flights above 15 thousand through On Time Performance (OTP) arrivals during May 2018 of 88.0 percent.
— Netral News
‘We no longer catch fish’ — Balikpapan fishermen gripe about sea pollution
Fishermen in Balikpapan, East Kalimantan, are complaining about sea pollution they claim has been caused by the loading and unloading of coal at sea, saying they “no longer catch fish or shrimp, but only coal.”
— The Jakarta Post
Strangers in their own land: Indonesia’s ethnic Chinese
On 19 November 2014, Basuki Tjahaja Purnama, the grandson of a tin miner from Guangzhou, China, was sworn in as the Governor of Jakarta by newly minted President Joko Widodo at the Indonesian capital’s State Palace, after serving as the city’s deputy governor for two years.
— The Asean Post
Indonesia, Norway strengthen cooperation on marine spatial planning
Indonesia and Norway strengthen collaboration on marine spatial planning to balance the management of economic benefits and efforts to restructure sea space in the national waters.
— Antara News
EU, Indonesia sliding towards a trade war
About a quarter of Indonesia’s 49 million hectares of agricultural land is now given over to palm oil, which last year racked up a record-high US$22.9 billion in foreign exchange earnings.
— Asia Times
Converse opens first official online store in Indonesia
American shoe company Converse has opened its first official online store in Indonesia through e-commerce site Lazada.
— The Jakarta Post
Islamic fashion school cuts a faithful figure in Indonesia
Indonesia’s first Islamic fashion school is teaching students in the world’s largest Muslim-majority country the usual skills of design, styling and marketing: but with a religion-specific twist.
— Channel NewsAsia
Police record 70 accidents 7 days prior to Eid
Some 70 traffic accidents occurred in several areas across Indonesia as of June 8, which is 7 days before the celebration of Eid al-Fitr 2018, also known as the Ketupat Operation.
— Antara News
KAI: 45,054 People Travel by Train in Eid al Fitr Homecoming
Public Relations Senior Manager of state-run railway operator Kereta Api indonesia (KAI) Edy Kuswoyo revealed that there are 45,054 people that have used the train as a means of travel in this year’s Eid al-Fitr homecoming.
— Tempo.co
Feature photo Pxhere
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.
Indonesia Morning News For June 11 added by Stella-maris Ewudolu on
View all posts by Stella-maris Ewudolu →
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.
Latest posts by Stella-maris Ewudolu (see all)
- Zoonotic crossover fear sees Vietnam ban (almost) all wildlife trade (video) – July 26, 2020
- Job & revenue losses: COVID-19 to hurt Asean airlines the most – July 24, 2020
- Philippines morning news for July 24 – July 24, 2020
- Philippines morning news for July 23 – July 23, 2020