Indonesia Morning News For May 25

Indonesia Morning News For May 25

Indonesia morning newsADB finances its first utility-scale PV plant in $160 million deal
Asia’s largest IPP receives funds to develop renewable energy assets in line with Indonesia’s plans to increase renewable generation to 23% by 2025.
— PV Magazine

Government issues Samurai Bonds worth Rp12.9 trillion
The Indonesian government has issued yen-denominated bonds called Samurai Bonds worth 100 billion yen, or Rp12.9 trillion.
— Antara News

Go-Jek to invest $500m in expansion to four Southeast Asian countries
Indonesian ride-hailing giant Go-Jek will invest $500 million in its expansion into the four Southeast Asian markets of Vietnam, Thailand, Singapore and the Philippines in the next few months, the company said in a release.
— Deal Street Asia

Indonesia’s anti-terror Bill to extend detention
Changes to an anti-terror law expected to be passed today will allow the Indonesian authorities to hold anyone suspected of planning a terror attack, based on preliminary leads, for up to 21 days.
— The Straits Times

PLN issues global bonds worth US$2 billion
State-owned electricity company (PLN) has issued global bonds worth US$2 billion, or equivalent to Rp28 trillion, on May 15, 2018, in New York or May 16, 2018, in Jakarta.
— Antara News

Jakarta prison riot highlights growing problems with overcrowding
When prisoners rioted at the Mako Brimob facility, the result was deadly. Five policemen lost their lives, and one inmate died. Nobody remains in that section of the prison in Depok, near Jakarta.
— Asean Today

Thousands of students in Central Java drug addicts: BNN
Thousands of young people in Central Java have fallen prey to drugs, the Central Java Narcotics Agency (BNNP) claims to have found in a recent survey, indicating that out of more than 500,000 drug addicts in the province, 2 percent are students.
— The Jakarta Post

CNN introduces six hidden beaches of Bali
The CNN media from the United States has introduced six beautiful hidden beaches in Bali through news broadcast on tourism edition network.
— Antara News

PTPP Holds Sustainable Bond Offering of IDR3 Tln in Two Phases
PT PP (Persero) Tbk (IDX:PTPP), state-owned construction and investment company will conduct a Sustainable Bond Offering of IDR3 trillion consisting of two stages.
— Netral News

How to reform Indonesia’s deradicalisation policy
The Surabaya church bombing attack is the deadliest attack so far by groups affiliated with the so-called Islamic State (IS) in Indonesia, with 13 people dead and 43 others injured.
— East Asia Forum

Indonesia’s New Central Bank Governor Pledges Focus on Rupiah Stability
Indonesia’s newly sworn in central bank governor on Thursday (24/05) promised to use interest rate policy to stabilize the rupiah currency in the near term and to be “more pre-emptive” and ahead of the curve on monetary settings.
— Jakarta Globe

Indonesia exits Uber Cup after losing to Thailand
Indonesia was ousted by host Thailand from the 2018 Uber Cup women’s badminton championship after losing 3-2 in the quarterfinals in Bangkok on Thursday.
— The Jakarta Post

Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report
A state audit of operations at Indonesia’s Grasberg mine has cast a cloud over the government’s multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto, according to government and company officials.
— Reuters

Jokowi: Improving Infrastructure for Indonesia Golden 2045
President Joko Widodo or Jokowi said to head towards Golden Indonesia in 2045 there were several steps to be passed.
— Tempo.co

PNG cracks down on illegal vanilla trade to Indonesia
Papua New Guinea authorities have implemented a ban on vanilla trade across the border with Indonesia.
— Radio New Zealand

Multistrada Allots $26 Million Capex to Increase Tire Production Capacity
PT Multistrada Arah Sarana Tbk (IDX:MASA) will budget US$26 million for capital expenditure (capex) throughout 2018.
— Netral News

Women paid more than men for same job in Indonesia: Global survey
Contrary to the general phenomenon of the gender-related gap pay, women in Indonesia are paid more than their male counterparts for the same job.
— Asia One

Teenager threatens to shoot President Jokowi and burn his house down in viral video, tells police he was joking after arrest
A 16-year-old from Jakarta, identified by his initials RTJ , is under police investigation over a viral video in which he threatened to kill President Joko Widodo, which he later said was a joke.
— Coconuts Jakarta

 

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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