Indonesia Morning News For May 17

Indonesia Morning News For May 17

Indonesia morning newsIndonesia sees tourist arrivals dropping after terror attacks
ndonesia is facing the prospect of a decline in foreign tourist arrivals, after a spate of terror attacks this week prompted travel advisories from about a dozen countries.
— The Edge Markets

Indonesia to Invest US$360 Bil. in Social Infrastructure
Indonesia is planning to invest US$360 billion (about 387 trillion won) in building SOC infrastructures such as highways and railways for the next five years, opening an opportunity for Korean builders to receive orders.
— Business Korea

Budget for Handling Victims of Surabaya Bombing Amounts to IDR9 Billion
Budget Agency of Surabaya City Parliament suggested that city government to use unexpected budget in Surabaya Regional Budget of about IDR9 billion for the handling of bomb terror victims that happened in recent days.
— Netral News

Indonesia finalizes fiscal incentives for investments below Rp 500b
The government is finalizing a regulation on fiscal incentives for new investments below Rp 500 billion (US$35.49 million), which are not covered in the latest tax-holiday scheme.
— The Jakarta Post

PayPal joins Indonesian venture firm to develop fintech startups
PayPal Holdings is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.
— Bangkok Post

Netflix partners with Indonesian carriers
Netflix has arranged to participate in the video data plans offered by Indonesian operators XL Axiata, Hutchison 3 Indonesia and Bolt.

Jokowi releases first export with giant ship to US
President Joko “Jokowi” Widodo officiated the departure on Tuesday of the first CMA CGM Tage container ship of exports from the Jakarta International Containers Terminal (JICT) at Tanjung Priok in North Jakarta.
— The Jakarta Post

Despite Rising, Indonesia Foreign Debts Decelerate in Q1 2018
In the first quarter of 2018, Indonesia’s foreign debts grew slower, rising 8.7 percent YOY. This is slowing compared to the previous quarter of 10.4 percent.
— Netral News

Jakarta rules out compulsory vaccination for school admission
The Jakarta administration has ruled out compulsory vaccination for kindergarten and elementary school admission, according to a circular letter issued by the Jakarta Education Agency.
— The Jakarta Post

Observer Reveals Indonesia Has Distinctive Pattern of Terrorist Recruitment
Terrorism observer from Universitas Indonesia (UI) Solahudin revealed Indonesia has a distinctive pattern of terrorist recruitment compared to other countries.
— Netral News

Indonesia plans to import 11 mil barrels of gasoline in Jun, similar to May: traders
Indonesia’s state-owned Pertamina plans to import around 11 million barrels of gasoline in June, similar to estimated imports for May, as it continues to stock up during the Ramadan peak demand period, market sources said Wednesday.
— Platts

Freeport reveals Rio Tinto and Indonesia to face-off on Grasberg
Rio Tinto has moved into direct negotiations with the Indonesian government over the proposed sale of its 40 per cent share of future production from the Grasberg mine, the US operator of the controversial but massive Papuan copper and gold project has revealed.
— Financial Review

The Duck King Restaurant Manager Offers 403 Million Shares to Public
PT Jaya Bersama Indo Tbk or JBI through the Initial Public Offering (IPO) will offer as many as 403.8 million shares, equivalent to 34.40 percent of the issued and paid up capital after the Public Offering.
— Netral News

12 Countries Issue Travel Advisory after Bomb Terror in Indonesia
Tourism Minister Arief Yahya stated 12 countries have issued a travel advisory for the tourist to visit Indonesia following the series of terrorist attacks and bomb terrors in several regions.

Military embargo on Indonesia no longer in force: US official
US Deputy Ambassador to Indonesia Erin McKee believes the military embargo on Indonesia is a thing of the past, and the US government remains committed to supporting the modernization of Indonesia`s primary weaponry defense system.
— Antara News

Indonesia military unit joins police crackdown on Islamic terrorists
A special Indonesian military unit has joined the police in cracking down on terrorist cells amid a recent wave of suicide bombings in the world’s most populous Muslim nation, the head of the national police said Wednesday.
— Kyodo News

Army gets eight Apache helicopters
The Army received on Wednesday eight new AH-64E Apache attack helicopters purchased from the United States.
— The Jakarta Post

Indonesia, Vietnam brace for market blowouts
Indonesia continued as a bottom East Asia performer on the core MSCI index, with a 12% loss through April, while Vietnam turned in the region’s worst monthly results to barely hang on to frontier index gains, as foreign investors spooked by general asset-class correction shunned their high double-digit valuations and also reshuffled overweight bond positions.
— Asia Times

Ulema From Three Countries Meet in West Java, Denounce Terrorism, Suicide Attacks
Islamic scholars from Indonesia, Afghanistan and Pakistan denounced violent extremism, terrorism and suicide attacks as against Islamic principles, in a declaration issued during a conference in Bogor, West Java, on Friday (11/05).
— Jakarta Globe


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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.


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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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