BCA raises deposit rate, holds loan rate
Bank Indonesia’s (BI) recent decision to raise its reference rate for the second time by 25 basis points (bps) has pushed Indonesia’s biggest private lender Bank Central Asia (BCA) to raise its deposit rate by the same amount, while maintaining its lending rate.
— The Jakarta Post (paywall)
Men Detained In A Raid At Riau University Over Plot To Attack Local Parliament
Indonesian anti-terrorism police Densus 88 have detained three former students in a raid on a university campus in Pekanbaru, on Saturday June 2, and seized crude bombs and other explosive materials, police said.
— Indonesia Expat
New Criminal Code Won’t Weaken KPK; Gay Sex to Remain Illegal
House of Representatives Speaker Bambang Soesatyo has expressed his commitment to finalize revisions to Indonesia’s criminal code.
— Jakarta Globe
KPAI: Hundreds of Children Experiencing Health Problem due to Sukoharjo Factory Waste
The Indonesian Child Protection Commission (KPAI) reported that there are hundreds of children who are experiencing health problems due to factory waste in Sukoharjo.
— Netral News
Jakarta has third-largest growth rate for hotel rooms in Asia-Pacific
Jakarta is among the cities with the biggest hotel development growth in the Asia-Pacific region, a study showed.
— The Jakarta Post
IFAD to help Indonesian farmers with Entrepreneurship and Employment program
IFAD is planning to help farmers over Indonesia to get a better lifestyle with the Youth Entrepreneurship and Employment Support Services (YESS) Project which will continue for a duration of 5 years from 2018 to 2023.
— Devdiscourse
Indian PM Modi promises Indonesians free 30-day tourist visa during visit
Indian Prime Minister Narendra Modi is doing more on his visit to Indonesia than just flying kites with President Joko Widodo.
— Coconuts Jakarta
Indonesian-Chinese joint firm develops SMARTID9 in UGM
An Indonesian Chinese joint venture company will develop latest two dimension code security application SMARTID9 at the state University of Gadjah Mada (UGM) in Yogyakarta.
— Antara News
Indonesia Clamps Down on Simmering Independence Effort in Papua
Yanto Awerkion knew quite well that he would infuriate the local Indonesian authorities for organizing a meeting to discuss a petition for an independence referendum in the strife-torn Papua region — but he did it anyway.
— The New York Times
How to Give Rural Indonesia Light?
The government’s ambition to provide electricity to all Indonesians faces the biggest challenges in rural areas, where difficult terrain and lack of infrastructure hinder the national utility company from extending the power grid.
— Jakarta Globe
Pundi X readies Indonesian crypto-payment business
Pundi X, a start-up that is looking to build an offline cryptocurrency sales network, has begun deploying its payment point-of-sales (POS) devices in Indonesia, betting that the central bank will renounce their current opposition against cryptocurrencies in as soon as three years.
— South China Morning Post
Indonesia’s largest bank eyes Philippines branch
Jakarta-based Bank Mandiri has expressed interest to put up a branch in the Philippines four years after the country’s banking industry was fully opened up to foreign banks almost four years ago.
— Philippine Star
Indonesia proposes strategy to fight terrorism in Indo-Pacific region
Indonesia is calling for a regional geostrategic cooperation through joint security exercises to fight terrorism, especially in the Indo-Pacific region.
— The Jakarta Post
Garuda Indonesia Adds 150,510 Extra Seats
Garuda Indonesia Group prepares at least 150,510 extra seats in anticipation of increased passenger traffic during homecoming and returning of Lebaran (Eid al-Fitr) 2018 which is predicted to take place on June 8-24 for domestic and international routes.
— Netral News
Businesses reject Batam Special Economic Zones
Businesses rejected the application in Batam of the Special Economic Zone whose concept is now being drafted by the coordinating minister of economic affairs and the Authority of Batam Free Port and Free Trade Area.
— Antara News
Pluralism Needed to Preserve Indonesian Identity
Amid rising intolerance and sectarianism, there is an urgent need for embracing pluralist narratives to preserve Indonesia’s unique identity based on ethnic and religious diversity, a prominent academic said on Friday (01/06).
— Jakarta Globe
Feature photo inmemo
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 4 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