Indonesia Morning News For May 22

Indonesia Morning News For May 22

Indonesia morning newsBRI Prepares Rp28tn Cash for Eid
State-owned lender Bank Rakyat Indonesia (BRI) is increasing their cash reserves throughout Ramadan and Eid. The bank has some Rp28 trillion in cash ready to circulate

Indonesia picks team for $3bn Javan port
Indonesia’s transport ministry yesterday named the three Japanese and two Indonesian companies that are to start building a new, Japanese-funded port on the northwest coast of Java, about 150km east of Jakarta.

Why Singapore Hospitals are Attractive for Indonesian Patients?
Indonesians spent approximately Rp 100 trillion per year for medical treatment overseas.
— Global Indonesian Voices

International stars of acting, music and sports have urged Indonesia’s president to ban what they say is a brutal trade in dog and cat meat for human consumption.
— Khaosod English

Indonesia’s explosive IUU policy is working, new report says
Starting in 2014, Indonesia implemented a set of controversial policies aimed at reducing IUU fishing, especially by foreign vessels.
— SeafoodSource (blog)

Beef demand in Indonesia to reach more than 100,000t during fasting month
Indonesia’s Directorate General of Livestock and Animal Health said during the fasting month of Ramadhan and Ied Fitr, in May-June, beef demand is estimated at 116,000 tonnes.
— UkrAgroConsult

Buying opportunity for Indonesian equity
The Indonesian equity market has gone through a bumpy ride beginning with the global sell-off in February as rising risk factors saw outflows.
— The Malaysian Reserve

Daily Briefing: Singapore and Indonesia lure 90% of VC deals in SEA; Flex work in Singapore up by 70%
Singapore and Indonesia ate up more than 90% of venture capital deals in Southeast Asia, a recent report from Singapore Venture Capital & Private Equity Association (SVCA) revealed.
— Singapore Business Review

Credit Suisse’s Top Indonesia Dealmaker Leaves
A high-ranking Indonesia investment-banking head from Credit Suisse is said to leave for the private equity group Carlyle Group.

Indonesia central bank steps up FX swap auctions to support liquidity
Indonesia’s central bank will conduct three foreign exchange swap auctions this week to ensure there is enough rupiah liquidity in the market following its benchmark interest rate hike, a senior bank official told Reuters on Monday.
— The Business Times

Indonesia Spotlights ‘Mentality’ Challenge in Its Military Modernization
Officials continue to highlight the importance of changing the mindset of Indonesians to defend the country.
— The Diplomat

Indonesia shuts down thousands of radicalism websites
Indonesian government has blocked thousands of websites containing radicalism and will continue to check the internet as one of the efforts to secure the cyberspace from contents related to radicalism and terrorism.
— Xinhua

Indonesian Catholics want mercy for terrorist kingpin
Leading Catholics in terrorism-plagued Indonesia have criticized prosecutors who demanded the death sentence for the alleged mastermind behind a deadly spate of suicide bombings and attacks against police that have left many dead.
— UCA News

Iran Establishes Nano Export Hub in Indonesia
Iran has established its first nanotechnology export hub in Indonesia to increase its share of Asian markets by supplying them with its domestically-manufactured nano-products.
— IFP News

Indonesia, Netherlands strengthen cooperation in counter terrorism efforts
Indonesian Foreign Minister Retno Marsudi has met with Dutch Foreign Minister Stef Blok and discussed efforts to strengthen bilateral cooperation, particularly in education and counter terrorism efforts as stated in a press release from the Indonesian Foreign Ministry received by ANTARA here on Monday.
— Antara News

Pertamina Takes Over Ogan Komering Block
State-owned oil and gas firm Pertamina has officially taken over the working area (WK) management of the Ogan Komering oil and gas block as per May 20.

BRI-Traveloka Promo Offers 50 Percent Transaction Discount
Welcoming the holy month of Ramadan and Eid 1439 Hijriyah, PT Bank Rakyat Indonesia (Persero) Tbk and Traveloka partner to offer ease and various benefits in transactions during Ramadhan using BRI Credit Card.
— Netral News


Feature photo Kanenori


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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