Indonesia Morning News For May 24

Indonesia Morning News For May 24

Indonesia morning newsFirst Week of Fasting Month, Crime Rate Down 3.5 Percent
Jakarta Metro Police claimed, the number of conventional crime in the first week of Ramadhan this year has decreased, compared to the same period of last year.
— Netral News

BI: Cash Needs for Eid Reaches IDR188 Trillion
Deputy Governor of Bank Indonesia, Rosmaya Hadi said in Jakarta on Wednesday (5/23/2018), ahead of Eid of this year, the national need for cash is estimated to increase 15.3 percent to IDR188.2 trillion compared to the 2017 period of IDR163.2 trillion.
— Netral News

Indonesia lifting all import duties for Palestinian products
Indonesia is opening its market for products from the Palestine by charging zero import duties so as to show concrete support not only politically but also economically.
— The Jakarta Post

New Regulation Limits Foreign Ownership Of Insurance Companies To 80 Percent
The government has issued Government Regulation No. 14/2018 on foreign ownership of insurance companies, setting a maximum foreign ownership of 80 percent.
— Indonesia Expat

Indonesia’s April loan growth picks up pace – regulator
Loans extended by Indonesian banks in April grew 8.94 percent from a year earlier, picking up from the 8.54 percent pace the month before, the Financial Services Authority (OJK) said on Wednesday.
— Reuters

Watch Out, If Dollar Penetrates IDR15 Thousand, Jokowi May Fall
Deputy Chairman of the Gerindra Party Central Executive Board (DPP) Ferry Juliantono assessed if the rupiah exchange rate penetrates IDR15 thousand per dollar, then President Joko “Jokowi” Widodo may fall.
— Netral News

Govt provides holiday bonus for retirees, increases bonus for state apparatuses
President Joko “Jokowi” Widodo announced on Wednesday that the government had agreed to increase Idul Fitri holiday bonuses for civil servants, military and police personnel through a newly signed government regulation, which stipulates that retirees living on pension funds will also receive the bonuses.
— The Jakarta Post

OJK Denies Rumor on Massive Withdrawal of Customer Deposits
The Financial Services Authority (OJK) did not detect the potential for massive withdrawal of customer savings, following disruptions to the stability of domestic and economic security in recent times.
— Netral News

MRT Jakarta, GoJek Sign MoU for Digital Payment Study
Jakarta mass rapid transit developer MRT Jakarta and ride-hailing app company GoJek Indonesia signed a memorandum of understanding (MoU) related to the study of the development study of mobile payment and non-farebox business.

Indonesia drafts low-cost financing scheme for green energy
The National Development Planning Board (Bappenas) is now preparing a green financing scheme for companies that are appointed to develop new and renewable energy.
— The Jakarta Post

Government to increase biodiesel mix to 25%
The government is planning to issue a regulation on the production of 25-percent biodiesel ( B25 ) early next year.
— The Jakarta Post

No need to get radical about deradicalisation policy in Indonesia
On Sunday 13 May 2018, three churches in Surabaya were simultaneously attacked by suicide bombers. The next day, a police headquarters in the same city was also attacked by suicide bombers.
— East Asia Forum

Indonesia cancels visas for Israelis following Gaza massacre
Indonesia has cancelled visas issued to Israeli citizens and banned Israelis entering the country in response to the massacre in Gaza last week, spokesman for Israel’s Ministry of Foreign Affairs Emmanuel Nahshon said.
— Middle East Monitor

Indonesia’s election commission wants to ban corruption convicts from elections, parliament… not so much
Indonesia’s General Election Commission (KPU) wants to implement a rule, starting with the regional elections taking place in 2019, barring individuals who have been convicted of corruption from running for office.
— Coconuts Jakarta

Twenty years of Indonesian democracy—how many more?
When Indonesia’s New Order regime met its end in May 1998, I was a PhD student researching Indonesian opposition movements while teaching Indonesian language and politics at a university in Sydney.
— New Mandala

Indonesia to prepare human resources for industry 4.0
After focusing on massive infrastructure development, the Indonesian government is now set to prioritize the development of human resources to prepare them for the industrial revolution termed Industry 4.0, starting this year.
— Antara 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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