Indonesia Morning News For March 28

Indonesia Morning News For March 28

Indonesia morning newsBali Top Destination in Asean, Thailand the Most Choices (video)
According to some recent research planning annual holidays can be more stressful for some people than planning a wedding.
— AEC News Today 

EMR Capital, Indonesia’s Adaro buy Rio Tinto’s last coal mine for $2.25b
Rio Tinto Group completed its exit from coal with a bang, agreeing to sell more than $4 billion of Australian mines in just a week.
— Deal Street Asia

Two Indonesian state firms to raise $584 mln by selling private equity funds
Two Indonesian state companies plan to sell private equity funds to raise 8 trillion rupiah ($583.6 million) to strengthen their finances, the government said on Tuesday.
— Reuters

GoJek, Grab Drivers Demand Increased Tariff to Rp4,000 per KM
The rally held by thousands of online motorcycle taxi (ojek) drivers from GoJek and Grab in front of the State Palace today demanded two things to be fixed, namely the legal umbrella and tariff equation.
— Tempo.co

Indonesia appointing 20 investment managers to run $1 bln of its haj fund
Indonesia’s haj fund management agency (Badan Pengelola Keuangan Haji, BPKH) is selecting 20 investment managers to run 15 trillion Indonesian rupiah ($1.1 billion) of its haj fund that will be moved from Islamic bank deposits to capital market investments, Benny Witjaksono, a member of the agency’s executive board told Salaam Gateway.
— Salaam Gateway

Government to impose excise on plastic in May
The government plans to introduce an excise on plastic in May to reduce the use of the material.
— The Jakarta Post

Tokopedia expands fintech offering with the launch of gold trading service
Indonesian e-commerce platform Tokopedia today announced the launch of its gold trading platform Tokopedia Emas.
— e27

Deputy Energy Minister Says Indonesia Oil Reserves Only Reach 12 Years
Deputy Minister of Energy and Mineral Resources Arcandra Tahar said Indonesia has oil reserves of about 3.3 billion barrels. But this reserve will not last long.
— Netral News

Ministry revokes licenses of four umrah tour operators
The Religious Affairs Ministry has revoked the licenses of four registered umrah tour operators (PPIU), after they were found to have violated regulations.
— Antara News

Indonesia’s Go-Jek poised for imminent Southeast Asia expansion
Indonesian ride-hailing and online payment company Go-Jek is set to announce its first expansion to another country in Southeast Asia in the “next few weeks”, according to an internal company email seen by Reuters.
— Reuters

Biofarma to Perform Antivenom Research to Anticipate High Rate Snake Bites
World Health Organization’s Snake Bite Adviser Dr dr Tri Maharani Msi SpEM said, Biofarma will conduct antivenom research (antitoxin serum to neutralize venoms, especially those of snakes) for snake bite cases in Indonesia.
— Netral News

Indonesian graftbusters put a price tag on environmental crime
Indonesia’s anti-graft agency has vowed to include environmental damages in its calculations of state losses incurred through corruption, in a move that could translate to heavier sentences and fines for crimes in the natural resources sector.
— Mongabay

Indonesia Imposes Extra Capital Requirements on Top Banks
Indonesia ordered the nation’s biggest lenders to set aside additional capital to bolster their ability to absorb losses and protect against any bank failures.
— Bloomberg

IDX: Investors Show High Interest for Digital Startups
The Indonesian Stock Exchange (IDX) viewed that the interest of investors toward digital startups is considerably high, which is a sign of potential positive growth for the industry.
— Tempo.com

JCI Rises 0.54 Percent on Session I, Majority Sectors Positive
The Jakarta Composite Index climbed 0.54 percent to 6,233.9 at first session stock trading closed on Tuesday (3/27/2018). A total of 210 shares rose in price, 117 stocks fell, and 120 other shares stagnated.
— Netral News

Government to cut toll road tariff rates
The government plans to lower next week toll road tariff rates which are considered too high and have been complained of by many toll road users.
— Antara News

Ministry Says Domestic Investors Account for 60% of Govt SBN Loan
The government denied a statement from The Institute for Development of Economics and Finance (Indef) that the government debts, which mostly comes from the issuance of government securities (SBN), is controlled by foreign parties.
— Tempo.co

How Are Indonesia’s Four Priority Tourism Destinations Coming Along So Far?
Indonesia is eager to boost its revenue by attracting more overseas visitors, while also encouraging foreign investment in the country’s tourism sector.
— Jakarta Globe

Jakarta goes digital for vehicle tax payments
Jakarta authorities have collaborated to accommodate cashless transactions for vehicle tax payments, an executive has said.
— The Jakarta Post

Grab’s acquisition of Uber: How it will affect Indonesian users
Ride-hailing company Grab just announced its takeover of Uber Technologies Inc. for its Southeast Asian operations. For Uber users in Indonesia, these are the answers to some questions you have been wanting to ask.
— The Jakarta Post

Indonesia Q1 GDP growth seen at 5.1% y-o-y: Center bank deputy governor
Indonesia’s economy is seen growing 5.1 per cent in the first quarter of 2018 from a year earlier, Bank Indonesia (BI) deputy governor Mirza Adityaswara said on Tuesday.
— The Business Times

Southeast Asia green bond issuance to hit US$5 billion in 2018
Southeast Asia’s green bond issuance is expected to reach US$5 billion in 2018, more than double last year’s $2.3 billion, with Indonesia likely to be a key driver of the market, according to a senior executive at Kuala Lumpur-based rating agency RAM Holdings (RAM), formerly known as Rating Agency Malaysia.
— Asia Asset Management

Bogor Police reveal Rp 6b counterfeit money case
Personnel from the Bogor Police arrested on Tuesday three people suspected of buying counterfeit money and confiscated Rp 6 billion (US$420,000) worth of fake banknotes in a raid on early Tuesday morning.
— The Jakarta Post

Rupiah Exchange Rate Rises 2 Points Tuesday Afternoon
The interbank traded exchange rate of rupiah in Jakarta on Tuesday (3/27/2018) afternoon, moved slightly higher by two points to IDR13,731 compared to the previous position of IDR13.733 per US dollar.
— Netral News

Indonesia’s Feb crude palm oil fell after India import duty hike – Reuters survey
Indonesia’s crude palm oil (CPO) exports in February are forecast to have declined from the previous month, a Reuters survey showed, as India’s import duty hike reduced demand for the vegetable oil.
— Hellenic Shipping News

Indonesia maintains cocoa export tax at 5% for April
Indonesia will keep the export tax for cocoa unchanged at 5 percent in April and zero for crude palm oil (CPO), the trade ministry said on Tuesday.
— The Star Online

Automotive Industry ASEAN: Indonesia Lags Behind Thailand
Also in 2017 Indonesia remained the biggest car sales market as well as the second-biggest car producer in the ASEAN region.
— Indonesia Investments (media release)

W Java to adopt Swedish waste management technology
West Java Governor Ahmad Heryawan is exploring the opportunity to adopt the waste management technology of South Scania Waste Company (SYSAV) of Skane Region, Sweden.
— Antara News

Moeldoko Urges SKK Migas to Implement Anti-Bribery System
The oil and gas sector is one of the most highly regulated sectors not only in Indonesia, but in almost all countries.
— Netral News

Palm Oil Society: Fund Distribution is Unfair
The Palm Oil Farmers Society (SPKS) demanded the government revise the policy regarding palm oil plantation distribution funds. According to SPKS Advocacy Center Chairman, Marselinus Andry, the fund has been distributed unequally because it is too partial to large companies.
— Tempo.co

Indonesia set to start low-cost direct flights
Indonesian low-cost carrier Lion Air will soon commence direct flights to Cambodia in order to boost business, trade and investment between the two Asean member states.
— Khmer Times

Viral: Ride-sharing drivers refuse to pick up deaf passengers, one tells them to ‘drop dead’
The bad apples among ride-sharing drivers have been accused of a great many things, including sexual harassment and theft, and now it appears we can add discrimination against the disabled to that list.
— Coconuts Jakarta

 

Feature photo Jean-Marie Hullot

 

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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