Bank Indonesia Hikes Key Interest Rate to Boost Fragile Rupiah
Indonesia’s central bank on Thursday (17/05) hiked its benchmark interest rate for the first time since November 2014, as expected, in a bid to bolster the fragile rupiah.
— Jakarta Globe
Indonesia’s Surabaya airport named most punctual in South-east Asia, beating Singapore’s Changi airport
Juanda International Airport in Surabaya, East Java, has been recognised as the most on-time airport in Southeast Asia in April 2018 by UK-based air travel intelligence company OAG.
— The Straits Times
City workers clear 1,600 tons trash under North Jakarta toll road
About 1,600 tons of trash under the Pelabuhan toll road in Warakas subdistrict in Tanjung Priok, North Jakarta, has been removed by the city’s sanitary workers after 28 days.
— The Jakarta Post
Sri Mulyani: Govt Disbursed Rp39tn for Energy Subsidy
Finance Minister Sri Mulyani said that the government has disbursed Rp39.2 trillion for electricity and fuel oil subsidy, or about 23 percent of ministries/agencies Rp165.1 trillion expenditure budget.
— Tempo.co
Pertamina resumes supply of Premium at 1,926 gas stations
State-owned oil and gas firm Pertamina is set to resume supplying 1,926 gas stations in Java, Madura and Bali with subsidized Premium gasoline, after having previously stopped supplying the gas stations with the fuel, claiming that customers preferred using non-subsidized fuel.
— The Jakarta Post
Indonesia’s pluralism in ‘grave peril’ after attacks on churches
A leading Christian human rights campaigner says “Indonesia’s pluralism in in grave peril” after the latest Islamist attack in the country.
— Crux
Companies reschedule IPO plans over volatile market
Several companies have announced their intention to reschedule plans for an initial public offering (IPO) due to ongoing volatility in the domestic stock market.
— The Jakarta Post
Indonesia’s Sociolla raises $12m in fresh funding led by EV Growth
Indonesian beauty e-commerce and social platform startup Sociolla has announced the closing of a $12-million funding round led by EV Growth, a new fund established by East Ventures, Sinar Mas Digital Ventures and Yahoo Japan’s YJ Capital.
— Deal Street Asia
Indonesia to import 500,000 tons of more rice
The Trade Ministry has issued a permit for State Logistics Agency (Bulog) to import an additional 500,000 tons of rice this year after it previously issued a permit to import the same amount earlier this year.
— The Jakarta Post
Indonesia is Islamic State’s new frontline
For a long period during last week’s 36-hour stand-off at Indonesia’s paramilitary Police Mobile Brigade (Brimob) headquarters, scores of rioting militants were in charge of a massive cache of automatic weapons and thousands of rounds of ammunition.
— Asia Times
State budget performance improves until end of April: Sri Mulyani
Finance Minister Sri Mulyani Indrawati has described as improving the state budget performance, both in income and spending in the first four months of this year.
— Antara News
Indonesia hopes travel advisories will not affect Asian Games
Indonesia hopes travel advisories produced by a number of countries, following recent terror attacks in the country, will not affect the 18th Asian Games to be held in Jakarta and Palembang from August 18 to September 2.
— Antara News
After coal, government pushes DMO on gas for electricity
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DMO for gas in an effort to reduce electricity prices.
— The Jakarta Post
Indonesia’s Ineffective Fight against Hizb ut-Tahrir
Recently, the Jakarta State Administrative Court (PTUN) rejected Hizb ut-Tahrir Indonesia’s plea following its official disbandment last year.
— International Policy Digest
Indonesia to replicate edict on suicide bombing
Indonesia has expressed its willingness to replicate ‘Paigam-e-Pakistan’ in order to deal with the problem of militancy in its backyard.
— The Express Tribune
China’s OBOR set for e-commerce expansion
China is keen on establishing a stronger presence in the fast-growing e-commerce sector in Indonesia and ASEAN through its cross-regional infrastructure mega project called the One Belt, One Road Initiative (OBOR).
— The Jakarta Post
State-sponsored homophobia forces LGBT community to lay low
As the world is commemorating International Day Against Homophobia on May 17, Indonesian lesbian, gay, bisexual and transgender (LGBT) people have been laying low in response to actions and statements from government officials over the past two years that could be perceived as state homophobia.
— The Jakarta Post
N. Sulawesi`s copra in high demand in Philippines
Buyers from the Philippines have shown increasing interest in copra imported from North Sulawesi Province following a spike in demand before Eid-Al Fitr in 2018.
— Antara News
Indonesia likely to give India access to deep seaport in Sabang
Indonesia might give India access to a deep sea port in Sabang, including to its naval vessels.
— The Times of India
Indonesia Is Fragile for Good Reason
Call it full circle. Five years after the 2013 taper tantrum, Indonesia is looking fragile again.
— Bloomberg
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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 May 18 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
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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