Indonesia Morning News For June 6

Indonesia Morning News For June 6

Indonesia morning newsJakarta Spends Rp8 billion for Decoration of 2018 Asian Games
akarta head of Urban Plantation Management Unit (UPPTP) Yati Sudiharti said that part of the Rp8.1 billion procurement for the city’s plants and decorations are used for the 2018 Asian Games.
— Tempo.co

SOFTBANK LEADS $20M IN FUNDING FOR INDONESIAN CO-WORKING PROVIDER’S SE ASIA EXPANSION
Indonesia’s largest co-working operator, EV Hive, has bagged $20 million in fresh funding from a roster of investors including an affiliate of Japan’s SoftBank Group, as Southeast Asia’s flexible space race continues to heat up.
— Mingtiandi

Chinese firm expands waste to energy footprint with Indonesia acquisition
PT Jinjiang Environment Indonesia, a wholly owned subsidiary of China’s leading waste-to-energy (WTE) operator China Jinjiang Environment Holding Company, has acquired a 95% stake in PT Indo Green Power (IGP), which has secured a concession to construct, own and operate a WTE facility in Palembang, Indonesia, with a total installed waste treatment capacity of 1,000 tonnes per day.
— The Asset

Indonesia to impose excise tax on liquids for e-cigarettes
Indonesia will impose an excise tax of 57 percent on tobacco essences used for electronic cigarettes starting July 1 as part of efforts to curb consumption of tobacco products, a senior official said late on Monday.
— Reuters

Orangutan forest being logged despite Indonesian govt vow
Environmentalists say a tropical forest that’s home to critically endangered orangutans on Borneo island is being logged more than a year after Indonesia’s forestry and environment ministry ordered a halt to the forest’s exploitation.
— Bangkok Post

Indonesia plans to raise diesel subsidies four-fold
INDONESIA plans to quadruple its diesel subsidies to keep prices for the fuel unchanged through 2018 in spite of high global oil prices and a weak rupiah, the finance minister said on Tuesday.
The Business Times

BI: Capital Inflows Reach IDR13 Trillion after Benchmark Rate Hike
Bank Indonesia (BI) stated that the policy of raising the benchmark rate by up to 50 basis points brings a positive influence on the flow of foreign capitals or capital inflows.
— Netral News

Giant gold mine spewing waste into river becomes a battleground in Indonesia
Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia.
— The Peninsula Qatar

Jakarta administration grants billions to agrarian ministry
The Jakarta administration has granted Rp120 billion (US$ 8.6 million) to the Agrarian and Spatial Ministry to issue land certificates for 282,655 plots of land in the capital.
— The Jakarta Post

Indonesia mutual fund assets up 11% in January-April 2018
Indonesia’s mutual fund industry assets under management (AUM) rose 11% to 507.49 trillion rupiah (US$36.54 billion) through the first four months of 2018, driven by conventional and shariah equities funds, according to official data.
— Asia Asset Management

Govt Agrees on 2019 Macro Assumptions; Sets Moderate Targets
The government and the House of Representatives (DPR) Financial Commission agreed on the macro assumptions and development target for the 2019 State Budget Draft. The targets were set during a work meeting on Tuesday, June 5.
— Tempo.co

Indonesian board to support 8.3-pct investment growth target for next year
Indonesia’s Coordinating Investment Board (BKPM) was upbeat about doing better in achieving the investment growth target for 2019 after it received auditing results from the Supreme Audit Agency (BPK).
— Xinhua

West Papua’s struggle for liberation
Located on the greater New Guinea Island, West Papua is neighbour to the sovereign state of Papua New Guinea.
— The Asean Post

High Salaries Attract 329 Indonesian Nurses to Japan
The Japanese Embassy in Jakarta has sent 329 Indonesians to work as medical workers and elderly nurses in Japan, Monday, June 4.
— Tempo.co

Inalum Set to Build 1,700 MW Hydropower Plant
PT Indonesia Asahan Aluminum (Persero) or Inalum plans to build a 1,700 MW hydroelectric power plant in Kayan, North Kalimantan, to electrify the aluminum smelter which will also be established.
— Netral News

Baznas disburses donations for 1,000 orphans through Baitussalam Foundation
The National Alms Agency (Baznas) recently disbursed donations for 1,000 orphans living in the Serpong area of South Tangerang, Banten, through the Baitussalam Foundation, the nonprofit arm of the Baitussalam Mosque in the area’s Green BSD City residential complex.
— The Jakarta Post

Indonesia raises 11.7 trillion rupiah in bond auction
Indonesia raised 11.7 trillion rupiah ($843.12 million) in a bond auction on Tuesday, above its indicative target of 10 trillion rupiah, the financing and risk management office at Finance Ministry said in a statement.
— Business Recorder (media release)

Village Minister: Next Year Village Funds to Increase to IDR73-80 Tln
The village funds as of this year amount to IDR60 trillion. There is a discourse for the government to raise it in 2019 to IDR73-80 trillion.
— Netral News

Indonesia’s coming digital disruption
INDONESIA’S digital economy is set to boom, helping its overall economy expand from US$1 trillion in 2017 to US$2.7 trillion by 2027.
— The Business Times

Nigeria, Indonesia sign pact to boost SMEs
The Federal Government has agreed to work together with the Indonesian government on the development of science and technology to strengthen Small and Medium Enterprises (SMEs) and produce products that can compete both at local and foreign markets.
— The Sun

Indonesia to produce talents with coding knowledge through the Del Arrbey Coding and Start-up Academy
During the launch of the Del Arrbey Coding and Start-up Academy (DACSA), KOMINFO Minister Rudiantara expressed his appreciation for the efforts to produce programming and coding talents.
— Open Gov

Indonesia, Mozambique begin talks on trade deal
Indonesia and Mozambique has started their first-ever negotiations for a Preferential Trade Agreement (PTA) following a joint commitment reached during the Indonesia-Africa Forum (IAF) in April this year.
— Antara News

Status Of 19 Volcanoes Around Indonesia Raised To “Caution”
The statuses of 19 volcanoes throughout the country have been raised to waspada (caution), the second-highest level.
— Indonesia Expat

Indonesia, Australia to Continue Counterterrorism Cooperation
Indonesia and Australia have agreed to continue cooperation in counterterrorism and cyber security, Chief Security Minister Wiranto said on Monday (04/06).
— Jakarta Globe

 

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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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