Indonesia Morning News For March 5

PLN Invests IDR721 Bln for 45,500 kW Diesel Power Plant in Riau Islands
State-electricity company, PT PLN (Persero), poured an investment of IDR721 billion to build a diesel power plant (DPP) in Riau Islands. Funds that size are used to build diesel-powered plants with a total capacity of 45,500 kilo Watts (kW).
— Netral News

Jokowi’s 35,000 MW program only reaches 3.8 percent progress
The government revealed that the progress of its flagship 35,000-megawatt (MW) electricity procurement program had only reached 3.8 percent as of Feb. 1 since its launch in May 2015.
— The Jakarta Post

Indonesia Digest: Kalbe to invest $51m on new plant; Artajasa eyes $3.2m via IPO
Indonesia’s pharmaceutical firm Kalbe Farme has invested $35 million on the construction of a new factory with another $16 million to be spent for operation support, while electronic transaction service provider Artajasa Pembayaran Elektronis has said that it will offer 437,505,800 new shares priced at Rp 100 apiece in its IPO.
— Deal Street Asia

Bank Indonesia Says Rupiah Is ‘Overshot’
Bank Indonesia considers a suitable level for the rupiah against the United States dollar within the 13,200 to 13,300 range, a senior official said on Friday (02/03).
— Jakarta Globe

Indonesia Wins Gold at World Mathematics Competition
Indonesian students won one gold medal in the World Mathematics Competition for East Asia (NEAMC).
— Netral News

A toothless tiger called regional inspectorate
THE arrests of seven regional heads over the past two months on corruption charges show that local inspectorates are helpless at best and impotent at worst.
— The Star Online

Indonesia, fourth highest number of Facebook users in the world
Social media users have increased in numbers this year. According to the annual digital report released by We Are Social and Hootsuite, social media growth this year reached 13 percent with a total of 3 billion people as users.
— The Jakarta Post

Jokowi Conveys Support for Harsh Sentences for Convicted Corruptors and Drug Dealers
President Joko “Jokowi” Widodo on Thursday (01/03) expressed approval toward recent steps taken by the Supreme Court to uphold justice in the archipelago and conveyed support of “heavy punishment” for corruptors and drug dealers.
— Jakarta Globe

Listening to music is fine, but police to ban phone use while driving
After canceling the controversial plan to fine motorists listening to music or smoking while driving, the Jakarta Police’s traffic division chief Sr. Comr. Halim Pagarra said on Sunday the police would instead crack down on drivers using their cell phones.
— The Jakarta Post

Grab to punish drivers found to have vandalized car
Marketing director of Grab Indonesia, an app-based motorcycle ride-hailing company, Mediko Azwar, said the company would punish Grab drivers found to be involved in vandalizing a car in an underpass in Senen, Central Jakarta, on Feb. 28.
— The Jakarta Post

Market Players Warned to Beware of Rupiah Depreciation
KGI Securities research analyst Yuganur Wijanarko said the potential for the Jakarta Composite Index (JCI) to rise in the medium term is still relatively strong. However, the consolidation of JCI in the region due to the weakening of the rupiah will hold the momentum of the increase.
— Netral News

Jakarta to launch ‘Gerebek Museum’ movement
The Jakarta Tourism and Culture Agency will organize the 2018 edition of Gerebek Museum, a movement that encourages people to visit museums by facilitating them.
— The Jakarta Post

Local Bus Maker MAB Targets Public Transportation With Electric Offering
Jakarta-based Mobil Anak Bangsa, which belongs to former Indonesian Military chief Moeldoko, is currently in talks with key transportation industry players to supply them with electric buses.
— Jakarta Globe

Indonesia launches 2 sovereign Islamic bonds on Nasdaq Dubai
The government of Indonesia on Sunday listed two Islamic bonds (sukuk) with a total value of 3 billion U.S. dollars on Nasdaq Dubai, the international exchange of the banking free zone Dubai International Financial Center (DIFC).
— Xinhua

PSI Holds Another Public Fundraising to Promote Healthy Campaign Funding
The local chapter of the Indonesian Solidarity Party, or PSI, held a public gathering on Saturday (03/03) to raise funds in support of its Jakarta Regional Legislative Council candidates.
— Jakarta Globe

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.

Indonesia Morning News For March 5 added by Stella-maris Ewudolu on March 5, 2018
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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.