Indonesia Morning News For May 30

Indonesia Morning News For May 30

Indonesia morning newsTRANSFAST Ties Up with Indonesia Post Office for Remittances
TRANSFAST, a leading money transfer services company with presence in over 125 countries, ties up with POS Indonesia, the State-owned postal service and one of the largest remittance providers in the country, to enable the Indonesian community residing around the world to send money transfers to their Indonesian counterparts.
— Markets Insider

House to keep same-sex article in Criminal Code bill: Lawmaker
Articles that penalize same-sex “indecent conduct” as a criminal act are still included in the recent version of the Criminal Code bill, says a member of the Criminal Code bill working committee.
— The Jakarta Post

PP Properti Set on Issuing Sustainable Bond worth IDR2 Trillion
Property company PP Properti (IDX:PPRO), subsidiary of state-owned construction company Pembangunan Perumahan (IDX:PTPP), is set to conduct sustainable bond offering with maximum issuance target of IDR2 trillion.
— Netral News

India, Indonesia among Asia’s most debt risky nations
It’s no surprise that India and Indonesia are among the worst-hit Asian currencies this year when you look at their foreign debt exposure and the level of reserves they have to cover that.
— The Jakarta Post

Malaysia’s Carsome to invest $7.1m in Indonesia operations
Malaysia-based online used car platform Carsome, which recently raised $19 million in a Series B round, has committed a sum of $7.1 million to its Indonesia operations to drive further growth in the country, according to the startup’s Indonesia country manager Andreas Djingga.
— Deal Street Asia (paywall)

Transportation Ministry to Sue Perpetrators Cracking Bomb Joke in Aircraft
Minister of Transportation Budi Karya Sumadi will give a firm action in the form of a lawsuit against the perpetrators who provide false information about bomb.
— Netral News

Sentence Cuts Given to 841 Prisoners on Vesak Day
While Buddhists around the world celebrate Vesak Day, or Buddha’s birthday, 841 inmates in Indonesian prisons saw their sentences reduced on Tuesday (29/05), the Ministry of Justice and Human Rights said in a statement.
— Jakarta Globe

Garuda Eyeing Millennial Flyers; Offers Seats Cheaper than Coach
Garuda Indonesia is targeting millennial flyers to book the airline’s Economy Basic class seats. Garuda’s director of domestic commerce Nina Sulistyowati said the class is opened to respond to millennial travelers’ increasing interest to visit various destinations.
— Tempo.co

Asean security an issue Indonesia to face in UN Security Council
ASEAN security is a challenge Indonesia will face in the U.N. Security Council if it is elected as non permanent member of the council, a former diplomat has said.
— Antara News

Indonesia welcomes APEC initiative in inclusivity, digital economy
A recent meeting of ministers from Asia Pacific Economic Cooperation (APEC) countries in Port Moresby, Papua New Guinea (PNG), highlighted the optimization of technology and importance of inclusivity in economic growth.
— The Jakarta Post

PM Modi Arrives In Indonesia On The First Leg Of His Three-Nation Tour
Prime Minister Narendra Modi today arrived here in the Indonesian capital on the first leg of his three-nation tour to East Asia to cement the political, economic and strategic interest of the two friendly maritime neighbours.
— Defence Aviation Post

Pertamina Completes Drilling 6 Wells in Q1
State oil and gas company Pertamina has completed drilling six wells in the first quarter this year.
— Tempo.co

700 free ‘mudik’ buses to depart from Bekasi on June 9
At least 700 free mudik (exodus) buses will depart from Bekasi, West Java, on June 9.
— The Jakarta Post

Pertamina opens 8 new oil wells in Tabalong
PT Pertamina EP of Aset 5 Lapangan Tanjung, in the district of Tabalong, South Kalimantan, has developed 8 new oil/gas wells to make up for the shortfall in output after abandoning oil wells in the Tepian field.
— Antara News

Trade Ministry Set to Boost Indonesia’s Exports to Turkey
The Indonesia-Turkey Comprehensive Economic Partnership Agreement (IT-CEPA) has entered the second phase
— Netral News

Gov’t Wants More Local SMEs in E-Commerce to Reduce Inequality
Indonesia might force local e-commerce sites, like Alibaba-backed Lazada, Softbank’s Tokopedia and Bukalapak to offer a certain amount of goods from local small and medium enterprises, a minister said on Monday (29/05).
— Jakarta Globe

CPO Reference Price Down, Cocoa Bean Grows 10 Percent
The reference price of Crude Palm Oil (CPO) product for the determination of Export Duty (BK) for the period of June 2018 is US$687,39/MT.
— Netral News

Indonesian SOEs Establish Partnerships with Philippines
PT Industri Kereta Api (INKA Ltd.) and the Philippines National Railways (PNR) signed agreed on the sales and purchases of railway goods.
— Tempo.co

Eradicating Poverty in Indonesia
Although Indonesia’s National Development Planning Ministry is targeting a national poverty rate next year of 8.5 percent to 9.5 percent, that goal is ambitious, considering the poverty level at the end of 2017 was 10.12 percent.
— Asia Sentinel

Pertamina records production growth in Q1
State oil and gas firm Pertamina has recorded growth in its upstream sector in the first quarter of 2018.
— The Jakarta Post

The worrisome emergence of social media as a new political pressure group in Indonesia
Controversy over public issues on social media, and the ensuing battles between influential social media accounts to sway public opinion, are fast becoming a regular feature of Indonesia’s socio-political life.
— Today Online

Poverty In Indonesia Becomes Urban Problem
Indonesia’s national development planning ministry is targeting a national poverty rate next year of 8.5 per cent to 9.5 per cent, down from the poverty level at the end of 2017 of 10.12 per cent of the population.
— Investvine

Bridge and overpass building in Indonesia
Indonesia will benefit from new bridges, underpasses and flyovers being built during 2018.
— World Highways

 

Feature photo kolibri5

 

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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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