Indonesia morning news for November 15

Indonesia morning news for November 15

Indonesia morning newsJerusalem support sees multi-bln dollar IA-CEPA trade deal headed for the rocks (video)
As heads of state and armies of policy and trade officials gather in Singapore for the 33rd Asean Summit and related meetings, a multi-billion dollar trade deal between Indonesia and Australia is headed for the rocks.
— AEC News Today (video)

Jokowi ratifies seven trade agreements
President Joko “Jokowi” Widodo has ratified seven bilateral and multilateral trade agreements by signing a presidential regulation in a bid to boost trade, according to a senior trade official.
— The Jakarta Post

Finance Ministry Allocates Research Endowment Fund of Rp1 tn
Minister of Finance Sri Mulyani said the government is currently focusing on developing research to improve the quality of human resources.
— Tempo.co

Indonesia counts on faster stock trades to challenge Singapore
The Indonesia Stock Exchange hopes that faster stock trades coming this month will help it catch up to regional finance hubs Singapore and Thailand.
— Nikkei Asian Review (paywall)

Morrison attempts to mend diplomatic rifts
Scott Morrison has committed to making a decision before Christmas on the location of Australia’s embassy in Israel, as he tries to mend strained relations with Indonesia.
— 9News

Indonesia, Malaysia palm oil stocks seen rising above 8 mil T by year-end — analyst
Palm oil inventories in Indonesia and Malaysia are expected to climb above 8 million tonnes by year-end on the back of higher production and disappointing demand, an industry analyst said on Wednesday.
— The Edge Markets

Indonesia affirms stance on Palestine-Israel peace
Indonesia on Wednesday affirmed its efforts to create peace between Palestine and Israel based on a two-state solution.
— Anadolu Agency

Indonesia to hold 3-day expo in Davao
The Consulate General of Indonesia in Davao City will hold a three-day expo that will introduce some of its country’s quality export products.
— Minda News

Indonesia’s motorcycle sales up 8.55 pct in first 10 months
Sales of motorcycles, a barometer of purchasing power of middle-income group, from January to October edged up 8.55 percent to 5.33 million units year over year, according to data released on Wednesday.
— Xinhua

Indonesia lauds substantial progress of RCEP
Indonesia, the Asean coordinator for what would be the world’s largest free trade pact, lauded the “substantial progress” in the negotiations which saw leaders agree to complete the deal next year.
— The Straits Times

Fin whale, mountain gorilla populations rise amid conservation action
The fin whale and mountain gorilla populations grew significantly due to efforts by conservationists to halt their descent towards extinction, the International Union for Conservation of Nature (IUCN) said Wednesday.
— The Jakarta Post

Indonesia Issues Regulation to Prioritize the Domestic Use of Crude Oil
The Indonesian Minister of Energy and Mineral Resources has issued Regulation No. 42 of 2018 regarding the Prioritization of the Use of Crude Oil for the Fulfilment of Domestic Demand (“MEMR Reg 42/2018”), which came into effect on September 6, 2018.
— Lexology

Indonesia’s PLN secures 4.5 trln rupiah loan from domestic banks
Indonesia’s state-owned electricity utility Perusahaan Listrik Negara (PLN) has secured a 4.5 trillion rupiah ($304.88 million) syndicated loan from several local banks, the company said in a statement on Wednesday.
— Reuters

Garuda to provide free internet service in flights
The flag carrier Garuda Indonesia and its subsidiary Citilink will provide free Internet service in domestic flights starting 2019.
— Antara News

Indonesia’s Premiere Plastics & Rubber Exhibition Kicks Off to Shape the Future of Sustainable Packaging
Plastics & Rubber Indonesia 2018, the Indonesia’s premiere exhibition for the plastics and rubber industry organised by PT Pamerindo Indonesia, opens today, until November 17, 2018, at the JIExpo Kemayoran, Jakarta.
— AEC News Today/ PR Newswire (media release)

Scott Morrison, Joko Widodo’s ‘frosty’ greeting before Jerusalem embassy, free trade talks
Prime Minister Scott Morrison and Indonesia’s President, Joko Widodo, have met for the first time since the controversial decision to consider moving the Israel Embassy, but Mr Morrison says the issue wasn’t linked to the stalled free trade deal.
— 9news.au

BPOM Finds Illegal and Dangerous Cosmetics worth IDR112 Billion
The Indonesia Food and Drug Supervisory Agency (BPOM) has uncovered illegal cosmetics and cosmetics containing dangerous ingredients worth IDR112 billion.
— Netral News

Ahok biopic: The making of a man, the unmaking of a nation
After comedies, ghost horror films are the genre most liked by Indonesians, with 44 percent saying they enjoy them.
— Modern Diplomacy

Indonesian president Joko Widodo eats fried duck in Lucky Plaza, fans mob him
Indonesian president Joko Widodo popped by Lucky Plaza in Orchard Road on Nov. 13 for lunch, accompanied by a large entourage of bodyguards and minders.
— Mothership

Bappenas stresses need to boost export to cover deficit
Minister of National Development Planning/head of the National Planning Board (Bappenas), Bambang Brodjonegoro, has stressed the importance of boosting export to cover the rising trend of current account deficit.
— Antara News

Ecosystem conservation must not be at the expense of economy: Minister
Minister for National Development Planning Bambang PS Brodjonegoro said sea ecosystem conservation must not be at the expense of the livelihood of fishermen and industry, the elements in economic development.
— Antara News

Equity Funds Recommended as Best Choice for Long Term Investments
Indonesia’s capital market is starting to awaken. Foreign investors are starting to buy up a portfolio of stocks and bonds in Indonesia. This phenomenon is predicted to continue in the 2019 political year.
— Netral News

Conservationist reveals 17 sea turtle nests spotted at Trisik Beach
The number of sea turtles reaching Trisik Beach, Kulon Progo District, in Yogyakarta Province has increased significantly this year as observed from the existence of 17 nests, a conservationist stated.
— Antara News

US pilots say Boeing didn’t warn of 737 feature tied to crash
Two US pilots’ unions say the potential risks of a safety feature on Boeing Co.’s 737 Max aircraft that has been linked to a deadly crash in Indonesia weren’t sufficiently spelled out in their manuals or training.
— The Jakarta Post

Indonesia, Russia discuss economic cooperation
The Indonesian and Russian governments held bilateral meeting at the Suntec Convention Center, Singapore, on the sidelines of the ASEAN Summit to discuss a number of issues, including economic cooperation.
— Antara News

Jokowi to Meet President Putin at ASEAN Summit
President Joko Widodo or Jokowi was scheduled to hold a bilateral meeting with Russian President Vladimir Putin, Wednesday afternoon, November 14.
— Tempo.co

India, Indonesia launch their maiden naval exercise
he first bilateral naval exercise named “Samudra Shakti” between the Indian and the Indonesian Navies was inaugurated on Tuesday in Surabaya, Indonesia giving further momentum to bilateral strategic partnership.
— India Times

Indonesia banking expo to discuss technological revolution
The Indonesia Banking Expo (IBEX), held on Nov 15, 2018, will discuss the influence of technological revolution in the banking sector, especially with the presence of financial technology (fintech).
— Antara News

Len Industri Engaged Global Railway Market
Len Industri has been working on modifying signal and interlocking project in Bangladesh. Precisely, the processing signals at four Jamtoil stations, Chatmohar, Bangbadu Setu West, and Bangbadu Setu East.
— Netral News

Garuda Indonesia to take over operations of rival Sriwijaya Group
National carrier Garuda Indonesia said on Wednesday it will take over operational control of rival Sriwijaya Group, giving the airlines a majority share of the fast-growing domestic aviation market.
— Deal Street Asia (paywall)

Jokowi asks China to collaborate in Indo-Pacific cooperation concept
President Joko Widodo (Jokowi) asks China to take part in the collaboration to implement the Indo-Pacific cooperation concept.
— Antara News

Garuda Indonesia to Resume Direct Jakarta – London Flights
Indonesian flag carrier Garuda will resume flights to London Heathrow from later this mont
— Indonesia Expat

Jailed for reporting her sexual offender, Mataram woman cries for help
A teacher from Mataram, West Nusa Tenggara, who has been jailed for spreading a recording revealing alleged sexual harassment by her former superior, has pleaded to President Joko “Jokowi” Widodo to release her.
— The Jakarta Post

KPK to question police officers in ex-Lippo executive’s bribery case
The Corruption Eradication Commission (KPK) has summoned four police officers in relation to a graft case involving former Lippo Group executive Eddy Sindoro.
— The Jakarta Post

FAA, Boeing study need for 737 MAX software changes after crash
The U.S. Federal Aviation Administration and Boeing Co (BA.N) are evaluating the need for software or design changes to 737 MAX jets in the wake of last month’s deadly Lion Air crash in Indonesia, the regulator said on Tuesday.
— Reuters

Wings Air Returns to Base after Flying Just 1 hour
Wings Air flight IW-1206 had to return to base to Sultan Hasanuddin International Airport in Makassar, South Sulawesi. This morning, the aircraft carrying 65 passengers to Kolaka regency in neighboring Southeast Sulawesi province, had troubles awhile airborne.
— Tempo.co

 

Feature photo Cahaya Maulidian

This week’s Indonesia morning news feature photo acknowledges International Day for Tolerance, November 16.

 

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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