Indonesia Morning News For March 20

Indonesia Morning News For March 20

Indonesia morning news

Indonesia sells 8.44 trillion rupiah in retail sukuk -finance ministry
The Indonesian government on Monday sold 8.44 trillion rupiah ($613.19 million) of Islamic bonds to local retail investors to help finance its budget, the Finance Ministry’s financing and risk management office said.
— Reuters

BPK: Freeport Indonesia Causes State Loss of IDR185 Trillion
The Indonesia Supreme Audit Board (BPK) reports that Freeport Indonesia (PTFI) has caused state losses of IDR185 trillion due to mining waste disposal.
— Netral News

Indonesia plans to import 9 mil barrels of gasoline in Apr, flat from Mar: traders
Indonesia’s state-owned Pertamina plans to import around 9 million barrels of gasoline in April, unchanged from the estimate for March, based on a survey of market participants last week.
— S&P Global Platts

GE, Samsung granted US$900m contract for Java 1 plant Indonesia
The developer of the Java 1 combined-cycle power plant, claimed to be the biggest of its kind in Southeast Asia, has granted an engineering, procurement and construction contract worth US$900 million to a consortium consisting of General Electric (GE), Samsung C&T and PT Meindo Elang Indah Indonesia.
— Retail News Asia (media release)

Citi Appointed as Joint Bookrunners for US$3 Billion Dual Tranche Sukuk Bonds
Citi Indonesia was recently mandated by the Ministry of Finance as Joint Lead Bookrunners for Indonesia’s US$ 3 billion dual tranche bond issuance comprised of a US$1.25 billion Five-Year Green Sukuk and a US$1.75 billion 10-Year Sukuk.
— Netral News

Foreign Investors Sell Shares of IDR1.1 Trillion, JCI Slumps 0.2 Percent
The Jakarta Composite Index (JCI) closed down 0.24 percent to 6,289.5 in early week stock trading on Monday (3/19/2018). A total of 152 stocks rose, 195 stocks fell, and 129 others did not change in price.
— Netral News

Legal battle over $250 million yacht seized in U.S. fraud probe
Indonesia’s seizure of a luxury yacht wanted as part of a U.S. probe into the alleged multibillion-dollar theft of funds from a Malaysian state investment company is being challenged by the vessel’s owner, police said Monday.
— CBS News

Indonesia’s top court to vet bid by MPs to silence critics
A collective of Indonesian activists, politicians and law students are challenging a new law that empowers MPs to silence critics and put themselves potentially above the law.
— The Australian

Saudi Arabia beheads Indonesian worker despite Jokowi’s pleas for clemency
Saudi Arabia has beheaded an Indonesian migrant worker for murder despite President Joko “Jokowi” Widodo’s repeated pleas that the man be granted clemency.
— The Jakarta Post

New Zealand, Indonesia commit to strengthening economic ties
Prime Minister of New Zealand Jacinda Ardern on March 19 stressed the “huge potential” for a stronger economic relationship with Indonesia.
— Vietnam Plus

RI needs to produce basic health device locally: Minister
Indonesia should meet its demand of basic health devices from domestic production and reduce dependency on import, Health Minister Nila Moeloek said.
— Antara News

Residents clash with police and military personnel in land execution in C. Sulawesi
A land execution in Karaton, Luwuk district in Banggai regency, Central Sulawesi, ended in a skirmish between residents who refused to move with the police and the military joint troops on Monday.
— The Jakarta Post

RI Economic Growth in Q1 Below 5 Percent: Minister
The government is not overly upbeat on the country’s economic growth in the year’s first quarter. Coordinating Economic Minister Darmin Nasution estimated Indonesia’s economic growth in the first quarter would be slower than last year’s.


Jakarta Eager to Become Halal Tourism Destination: Sandiaga Uno
Jakarta, the capital city of Indonesia, is eager to develop itself into a halal tourism destination, which is not only serving halal food or offering decent attractions, but also free from crimes and illegal activities.

Anies issues regulation simplifying process of shutting down entertainment spots
Jakarta Governor Anies Baswedan issued on March 12 decree No. 18/2018 on tourist businesses, which simplifies the process of shutting down entertainment spots where illegal activities, such as drug distribution, gambling, human trafficking and prostitution, take place.
— The Jakarta Post

Indonesia seen holding key rate in wake of Fed decision
Indonesia’s central bank, due to make a policy decision shortly after a Federal Reserve meeting that’s expected to hike U.S. rates, will keep its benchmark rate unchanged on Thursday, a Reuters poll showed.
— Nasdaq


Indonesia welcomes Indian investments in infrastructure
Indonesia today welcomed Indian investments in its infrastructure sector at a business meet here that aimed to facilitate enhanced bilateral cooperation between the two major economies in Asia.
— Business Standard


Feature photo McKay Savage


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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