Indonesia Morning News For March 7

Indonesia Scraps Energy Regulation Hoping To Attract $50B In Investments
Indonesia has scrapped a total of 186 energy regulations and permit requirements, hoping to make its energy sector more attractive as it seeks to lure as much as US$50 billion in investments to offset the decline in its mature oil and gas fields.
— OilPrice.com

Indonesia’s Medical Equipment Market Value May Reach IDR13.5 Trillion This Year
Indonesia’s medical equipment market in 2018 is estimated to exceed US $1 billion or equivalent to IDR13.5 trillion. However, foreign products still dominate 92 percent of the market, with the remaining market share owned by local products.
— Netral News

Bank Indonesia Must Stabilize Rupiah: Minister Darmin Nasution
Bank Indonesia should take the necessary measures to stabilize the rupiah against the US dollar, Coordinating Minister for Economic Affairs Darmin Nasution remarked. He said Indonesian currency rupiah weakened against the US dollar as market players were responding to economic developments in the United States.
— Tempo.co

Indonesia sells 5.095 trln rupiah of Islamic bonds, below target
Indonesia’s finance ministry sold 5.095 trillion rupiah ($369.87 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said.
— Business Recorder

Greenfields Indonesia Operates Dairy Farm worth IDR612 Billion in Blitar
The Indonesia Ministry of Industry continues to encourage the domestic milk processing industry to further increase its productivity to meet the needs of consumers in domestic and export markets. Therefore, the development of milk processing industry needs to be conducted through integrated partnership programs with dairy farmers.
— Netral News

Tumblr blocked in Indonesia for providing people in Muslim-majority Country With Access To Porn
Tumblr has been banned in Indonesia for providing people with access to pornographic content.
— The Independent

Ministers Say US Steel Tariffs Will Upset Global Economy; Indonesia to Wait and See
United States President Donald Trump’s planned tariffs on steel and aluminum will disturb the global economy, Indonesian ministers said on Tuesday (06/03), as they postponed concrete decisions until next week to monitor reactions in international markets.
— Jakarta Globe

Transportation Ministry Launches Three Online Apps for Smoother Service
The Ministry of Transportation has introduced three online applications to make it easier for people to apply for permits, dispute and pay traffic fines and buy tickets for land-based public transportation.
— Jakarta Globe

Indonesian lawyer fights decades-old ban on ethnic Chinese owning land
An Indonesian lawyer said he will appeal a verdict by a regional court that upheld a decades-old ban on ethnic Chinese people owning land in Yogyakarta province, which he called racist and discriminatory.
— ChannelNews Asia

Indonesia Stocks Tipped To Halt Slide On Tuesday
The Indonesia stock market has moved lower in two straight sessions, sliding more than 55 points or 0.8 percent along the way. The Jakarta Composite Index now rests just above the 6,550-point plateau although it’s expected to bounce higher on Tuesday.
— Nasdaq

Feature photo Jean-Marie Hullot

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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 7 added by Stella-maris Ewudolu on March 7, 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.