Indonesia Morning News For May 9

Indonesia Morning News For May 9

Indonesia morning newsRI`s working population reaches 127.07 million: BPS
Indonesia`s working population has reached 127.07 million in February 2018, up by 2.53 million compared to the same period of 2017, which has been recorded at 124.54 million, according to the Central Bureau of Statistic (BPS).
— Antara News

Foreign exchange reserves slid to US$124.9 billion in April
Indonesia’s foreign exchange reserves stood at US$124.9 billion in April, lower than the $126 billion recorded a month earlier, Bank Indonesia (BI) announced on Tuesday as it continued to intervene in the market to stabilize the rupiah against a stronger United States dollar.
— The Jakarta Post

Former regional councilor, jailed for corruption 2 years ago, still receiving IDR37 million monthly salary
While last month’s guilty verdict and 15-year sentence for former house speaker Setya Novanto was hailed as a landmark victory in Indonesia’s fight against endemic corruption, there is clearly still tons of work that needs to be done in terms of how the government handles corrupt politician, as evidenced by the latest outrageous story of a law-breaking lawmaker still enjoying the perks of his former job in prison.
— Coconuts Jakarta

Travelio, Indonesia’s answer to Airbnb, raises US$4M Series A funding round led by Vynn Capital
Indonesian accommodation-sharing platform Travelio today announced that it has raised a US$4 million Series A funding round led by Vynn Capital, a venture capital firm founded by former Gobi Partners Vice President Victor Chua.
— e27

Indonesia to earn $220mln from Asian Games visitors, says minister
Host country Indonesia is expected to earn over 3.1 trillion rupiah (220 million U.S. dollars) from the spending of more than 278,000 people involved in the Asian Games, slated for Aug. 18 to Sept. 2 in Jakarta and Palembang, the Indonesian tourism minister Arief Yahya said Tuesday.
— Xinhua

New S$6,000 performance bond for Indonesian domestic helpers is ‘unnecessary’, says MOM
The Indonesian Embassy here has introduced a S$6,000 performance bond requirement on employers hiring foreign domestic workers (FDW) from their country, in a move Singapore believes is unnecessary, the Ministry of Manpower (MOM) said on Tuesday (May 8).
— Channel NewsAsia

Asean lawmakers urge Indonesia to tackle growing intolerance
Parliamentarians from the Association of Southeast Asian Nations (Asean) on Tuesday urged the Indonesian government to tackle rising intolerance in the country and protect freedom of religion.
— Business Standard

Indonesia’s MNC Studios targets to raise up to $71m in IPO
Indonesian media company PT MNC Studios International plans to raise up to 1 trillion rupiah ($71.25 million) in an initial public offering (IPO) scheduled in June, the company said in a prospectus on Tuesday.
— Deal Street Asia

Legal Consciousness of Indonesian Migrant Workers Improve
Data from the Indonesian Migrant Workers Union (SBMI) shows an increase of cases involving Indonesian migrant workers (TKI) from January to March 2018 where the union handled 800 cases. It is a dramatic increase considering that SBMI had handled 1,500 cases from 2016-2017.
— Tempo.co

Freeport Indonesia Divestment Still Targeted for This Year, Inalum Says
Freeport-McMoRan’s divestment of a controlling interest in Indonesia’s Grasberg mine is still planned for 2018, even though the price and some contract terms are still to be agreed, the head of state mining holding company Inalum said.
— Jakarta Globe

Indonesia Prepares to be Pilot Country for Climate Change Handling in the International World
Indonesia is deemed to have advanced developments in climate change control and has the opportunity to propose itself as a pilot country especially in the implementation of capacity building for climate change handling.
— Netral News

Indonesian market sell-off deepens, credit default swap spikes
Lingering concerns over rising global yields, higher oil prices and slowing growth at home drove the Indonesian rupiah to its weakest levels in nearly 2½-years on Tuesday, which led to the country’s stocks and bonds also to be sold off.
— The Edge Markets

Weapon Sales Talk Puts Indonesia-Brunei Defense Ties in the Spotlight
Defense equipment featured prominently in the headlines surrounding a recent bilateral summit between the two Southeast Asian states.
— The Diplomat

Indonesia sees coal output flat in 2019 amid equipment shortage
Indonesia is targeting annual production of 481 million tonnes of coal this year and next, a mining ministry official said on Monday, as producers of the fuel are struggling to get new heavy equipment and parts.
— Hellenic Shipping News

RI to prioritize trade diplomacy for palm oil
The government would prioritize trade diplomacy for Indonesian palm oil sector, after the European Union Parliament`s decision to exclude palm oil as biofuel source in the region by 2021.
— Antara News

Indonesia`s press freedom fairly free
Indonesia`s press freedom index in 2017, in a cumulative, illustrates that 30 provinces in the country experience a fairly free level of press freedom, with a point of 68.95.
— Antara News

The Politics of Hijab in Indonesia
What comes to your mind when you hear the word hijab, or the headscarf? In the current political climate, more than a few would say oppression of women or religious fanaticism.
— Jakarta Globe

Apple Developer Academy Indonesia to Create 600 Developers
Minister of Industry Airlangga Hartarto explained that Apple Developer Academy Indonesia will create 600 Software Developers every year.
— Tempo.co

Strengthening Dollar, Govt Holds Issuance of Bonds and Securities
Ministry of Finance explained the government issued a policy to prevent the rupiah exchange rate from continuously plummeting.
— Netral News

Weakening rupiah serves as momentum to increase domestic products: VP
Vice President Jusuf Kalla has stated the weakening of the rupiah that fell to Rp14,028 per dollar on Tuesday morning serves as a chance to produce more goods for exports.
— Antara News

 

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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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