Indonesia Morning News For May 31

Indonesia Morning News For May 31

Indonesia morning newsState-owned firms prohibited from seeking fresh loans
The government has prohibited state-owned enterprises (SOEs) from seeking new bank loans. Instead, they are required to find alternative financing, such as securitization and bonds.
— The Jakarta Post

Wika gets $830m elevated toll road project in Manila
State-owned construction company PT Wijaya Karya (Wika) signed a memorandum of understanding in Manila on Monday for the construction of the Taguig Express Way (MTEX), an elevated toll road project in Manila worth 43,75 million peso (US$830.41 million).
— The Jakarta Post

Bomb Hoax: Fear and Panic Engulf Lion Air Flight JT687 (video)
Fear and panic engulfed the cabin of Lion Air Flight JT687 from the Indonesian island of Borneo to Jakarta on Monday night, May 28, resulting in a spontaneous evacuation of passengers after a man was overheard telling a flight attendant that there was a bomb on the plane.
— AEC News Today

Israel bars Indonesian visitors in possible tit-for-tat
Israel has reportedly barred Indonesian passport holders from entering the country in possible retaliation for Jakarta’s alleged decision to bar entry to Israelis in response to the ongoing violence in Gaza.
— The Jakarta Post

Indonesian court jails First Travel bosses over umrah tour package scam
he Depok District Court in West Java has sentenced First Travel bosses Andika Surachman and Anniesa Hasibuan to 20 years and 18 years of imprisonment, respectively.
— The Star Online

Human rights panel asks govt to ratify tobacco control convention
The National Commission on Human Rights continues to encourage the government to immediately ratify the Framework Convention on Tobacco Control (FCTC) to protect the right to public health.
— Antara News

Southeast Asia’s Road Building Spree Splinters Ecosystems
Southeast Asia is a global biodiversity hotspot, and Indonesia and Malaysia are no exception, harboring some of the highest levels of species diversity in the world.
— The News Lens

Tokyo Century acquires 5% stake in Indonesia’s Nobu Bank
Japanese financial group Tokyo Century Corporation on Wednesday announced the acquisition of 5% stake in Indonesian listed lender Nobu Bank, which is controlled by conglomerate group Lippo.
— Deal Street Asia

Tax, immigration offices sign accord on travel ban for tax evaders
The Finance Ministry’s Taxation Directorate General and the Law and Human Rights Ministry’s Immigration Directorate General have signed an agreement aimed at preventing suspected tax evaders from going aboard.
— The Jakarta Post

Garuda Indonesia Offers Cheaper Fares With Its New “Basic Economy” Class
National carrier Garuda Indonesia is offering discounts of between 15 and 20 percent to its passengers.
— Indonesia Expat

First Travel owners sentenced to 20 and 18 years after being found guilty of pilgrimage promo fraud
The infamous husband and wife owners of First Travel, a travel agency accused of conning thousands of customers out of billions of rupiah with broken promises about cheap Umrah pilgrimage packages, both received lengthy prison sentences after being found guilty of fraud and money laundering at the conclusion of their criminal trial today in Depok.
— Coconuts Jakarta

Indonesia is sharing a bed with terrorist sleeper cells
A riot at a police detention center in Depok, West Java, and attacks on churches and police headquarters in Surabaya clearly provide interrelated elements to better understand how terrorism has evolved in Indonesia.
— UCA News

Indonesia, India Agree to Strategic Partnership, Declare Shared Vision on Maritime Cooperation
Indonesia and India have agreed to form a comprehensive strategic partnership based on their shared vision on maritime cooperation in the Indo-Pacific region.
— Jakarta Globe

Bank Indonesia Raises Key Rate to Aid Rupiah, Flags Chance of More Hikes
Indonesia’s central bank raised its benchmark interest rate for the second time in two weeks on Wednesday (30/05) and flagged more possible hikes as it escalated a battle to boost the fragile rupiah and contain capital outflows.
— Jakarta Globe

Garuda Indonesia On Time Performance Reaches 90 Percent in May 2018
Flag carrier Garuda Indonesia continues to strengthen the On Time Performance (OTP) ahead of the upcoming peak season of Eid al-Fitr (Lebaran Day).
— Netral News

Despite good audit grade, Jakarta still has troubled assets
Although the Jakarta administration was recently awarded an unqualified opinion for its financial report, it has admitted that the status of several assets still hangs in the balance.
— The Jakarta Post

In export- and domestic-driven coal boon, Indonesia neglects renewables
Demand for energy in China and Indonesia continues to drive the resurgence of the latter’s coal industry, setting back efforts in both countries to shift to a greater share of renewable energy.
— Mongabay.com

 

Feature photo kolibri5

 

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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