Indonesia morning news for November 22

Indonesia morning news for November 22

Indonesia morning newsState revenues from mineral and coal increase to Rp41.77 trillion
Indonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp41.
— Antara News

Government expands VAT export service to zero percent
Finance Minister Sri Mulyani said that the government has expanded the tax facilities on export services, in the form of zero percent value added tax (VAT), to encourage increased service exports.
— Antara News

Malaysia, Indonesia achieve breakthrough in territorial disputes
After 13 years of negotiations, Malaysia and Indonesia have finally achieved a breakthrough with regard to the two maritime territorial disputes in Sulawesi Sea and the southern part of Malacca Straits.
— The Sun Daily

ADB: Indonesian Bond Market Fastest Growing Market in Southeast Asia
Short-term risks continue to overshadow the Southeast Asian bond market. This is due to a faster-than-expected increase in US interest rates, aka the Fed Fund Rate, and increasing global trade tensions.
— Netral News

S&P sees weaker 2019 finances for some Indonesia firms, cuts GDP growth forecast
S&P Global Ratings warned on Wednesday that the finances of Indonesian real estate developers and state firms might deteriorate in 2019 due to risks rooted in general elections and further depreciation for the rupiah.
— Nasdaq

Indonesia pushes initial negotiation of preferential trade agreement with Bangladesh
The Indonesian government has been pushing the initial negotiation of the Preferential Trade Agreement (PTA) with Bangladesh in a bid to enhance bilateral trade.
— Antara News

16th Economic Policy Package relaxes regulations on foreign owned businesses in Indonesia
Jokowi’s administration announced the 16th Economic Policy Package recently to much press exposure across Indonesia and the region. Some of it good, some of it not.
— Gapura Bali (media release) (blog)

Four of seven ASEAN unicorns belong to Indonesia: Jokowi
President Joko Widodo (Jokowi) has stated that out of the seven startup unicorns owned by young entrepreneurs in the 10 ASEAN countries, four are from Indonesia.
— Antara News

Middle East countries interested to adopt Indonesia`s vaccine technology
The President Director of the Indonesian vaccine manufacturer, PT Bio Farma, Rahman Roestan, said that a number of Middle East countries are interested in adopting Indonesia`s technology to produce vaccine.
— Antara News

Prabowo campaign promises to raise teachers’ salary to IDR20 million if elected, Jokowi campaign says ‘don’t sing lullabies’
Teaching is among the most under-appreciated professions in Indonesia, with many public school teachers earning below minimum wage in their respective regions while others work under the “honorary” (contractual) system that pays even less.
— Coconuts Jakarta

Unilever implements jurisdictional palm oil approach in Malaysia and Indonesia
Unilever is working with local governments to implement a jurisdictional, district-wide approach to sustainable palm oil for four areas in Malaysia and Indonesia.
— Foodnavigator-asia.com

Factory worker’s son builds $7 billion startup in Indonesia
PT Tokopedia, Indonesia’s largest online marketplace, has become the country’s most valuable startup after raising $1 billion from existing investors including SoftBank, according to people familiar with the matter.
— The Times of India

“Bali Nine” Lawrence banned from entering Indonesia for life
Renae Lawrence, a member of “Bali Nine” drug smugglers, has been banned from re-entering the Indonesian territory for life, after her release and deportation to her home country Australia in.
— Antara News

A Wave of Fresh Air in Indonesia’s Cigarette Manufacturing Industry
ndonesia’s cigarette industry is still huge. Not only does Indonesia have a big population (consisting of some 265 million people) but it is also estimated that around 60 percent of Indonesian men smoke cigarettes.
— Indonesia Investments

Emerging-Market Watchers’ Obsession With Current Account Bites
Emerging-market central bankers are taking stronger steps to rein in current-account deficits, even though they say the attention the market puts on this metric is all a bit unfair.
— Bloomberg

Work on sections of LRT, high-speed railway suspended to ease traffic
The government has suspended construction of some sections of the light rapid transit (LRT) and the Jakarta-Bandung high-speed railway to ease worsening traffic on the Jakarta-Cikampek toll road, but it allows work on the elevated toll road to continue.
— The Jakarta Post

Jokowi: Expertise Certification Performed Massively in 2019
President Jokowi wanted to improve the skills of job seekers and workers through massive vocational education and expertise certification in 2019.
— Tempo.co

Oil palm tree growers hit hard by price decline
Oil palm tree growers in Indragiri Hulu, Riau province have been experiencing losses amid declines in the price of oil palm fresh fruit bunches to only Rp 600 (4 US cents) per kilogram, from Rp 1,300 per kg in previous months.
— The Jakarta Post

Ministry to convert swamps into agricultural lands
The Ministry of Agriculture is making a breakthrough with a plan to convert swamp areas into agricultural lands, in an effort to realize Indonesia as a world food center.
— Antara News

Indonesian fintech Payfazz raises over $21m from Tiger Global, others
Payfazz, the first startup from Indonesia to make it to Y Combinator, has raised over $21 million in its latest funding round from investors including Tiger Global Management and Yuri Milner’s DST Global, according to three executives aware of the development.
— Deal Street Asia (paywall)

Religious Ministry: Sharia Regulation is Regional Authority
Expert staff in Religious Affairs Ministry Oman Faturrahman said religion-based regional regulation or sharia perda was the authority of local administration. However, the policies must be first examined
— Tempo.co

Indonesian city says it’ll work with exorcists that expel female genies from men to ‘cure’ LGBT behavior
The Social Services Agency of Padang says it has agreed to work with religious organizations to perform ruqya (exorcisms) to treat those “suspected” of being LGBT, which they believe can be “cured” in men by driving out the female djinn inhabiting them.
— Coconuts Jakarta (video)

When a Work Permit Is Not Needed: Know the Latest Employment Regulation
The implementation of the latest Presidential Regulation (No. 20/2018) concerning Foreign Workers introduced several simplifications to boost the ease of investment and attract more international investors.
— Indonesia Expat

Ancol houses damaged because of dredging at Ciliwung River: City
The city administration has taken responsibility for serious damage to several houses in Ancol, North Jakarta, which officials say was caused by dredging in the Ciliwung River.
— The Jakarta Post

SAF deploys aircraft to Sulawesi to aid in quake humanitarian efforts
The Singapore Armed Forces (SAF) will be deploying a transport aircraft to Indonesia to support rehabilitation and reconstruction efforts following September’s deadly earthquake in Sulawesi.
— The Straits Times

Indonesian Social Enterprise Greenna Wins 2018 Shell LiveWIRE Top Ten Innovators Award
Indonesian social entrepreneurship startup Greenna won the Social Enterprises category at the 2018 Shell LiveWIRE Top Ten Innovators Awards in Kuching, Malaysia, last week.
— Jakarta Globe

Irvanto About e-KTP Corruption Demand: Unfair
The defendant of the e-KTP corruption case Irvanto Hendra Pambudi Cahyo refused to be charged 12 years in prison and a fine of Rp1 billion subsidiary 6 months in prison by the Corruption Eradication Commission (KPK) prosecutor.
— Tempo.co

Luhut, Prabowo Attend Indonesia Economic Forum
Indonesia Economic Forum (IEF) is held at the Jakarta Shangrila Hotel today, November 21. Among the people scheduled to attend are the president and vice president candidate Prabowo Subianto and Sandiaga Uno.
— Tempo.co

US mother said to have thrown baby from car in Bali
Indonesian police allege an American woman threw her two-month-old daughter from a moving car on the tourist island of Bali and then tried to kill herself by jumping from the vehicle.
— Bangkok Post

My family is not radicalised, says Indonesian Minister Wiranto, responding to social media comments
Security chief Wiranto went the extra mile to defend his family following allegations that some of his family members had joined a radical group.
— The Straits Times

Bangladesh acknowledges quality of Indonesia`s trains as excellent
Bangladesh acknowledges Indonesia`s trains, manufactured by the national company PT Industri Kereta Api (PT INKA), as having strong structures and being capable of accommodating large numbers of passengers.
— Antara News

Bali Inmates to Compete in Prison Music Festival
Thirteen bands with prisoners and inmates as members are set to compete in the 2018 Bali Prison Music Festival. The event will be held this Saturday at the Kerobokan Prison
— Indonesia Expat

Jailing delayed, Nuril reports former boss for sexual harassment
Baiq Nuril Maqmun, a 37-year-old teacher in West Nusa Tenggara (NTB) who was convicted of defaming a man she accused of sexually harassing her, has reported her former superior to the police for his alleged crime.
— The Jakarta Post

Union dreams of making ‘becak’ worthy of modern Jakarta
For decades, the Jakarta Pedicab Drivers Union (Sebaja) has been fighting for permission to work in certain neighborhoods in North and West Jakarta in peace, without risking raids.
— The Jakarta Post

BIN Approaches 50 Mosque Lecturers
The State Intelligence Agency (BIN) approached and monitored dozens of preachers who have the potential to spread radicalism after it was discovered that 41 mosques in government offices were exposed to that notion.
— Tempo.co

 

Feature photo Aliansi Laki-laki Baru (ALB)

This week’s Indonesia morning news feature photo acknowledges International Day for the Elimination of Violence against Women November 25

 

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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