Indonesia morning news for October 24

Indonesia morning news for October 24

Indonesia morning newsIndonesia`s tourism sector growth ranks ninth in world
Tourism Minister Arief Yahya said the tourism sector continues to record achievements with the highest growth, ranking ninth in the world, according to the World Travel and Tourism Council (WTTC).
— Antara News

Indonesia puts $100m render trade with Australia on ice
Indonesia has suspended the $100 million trade of rendered meat from Australia following an audit of two processing plants.
— The Australian

Indonesia quake ‘punishment from Allah’ for gay activities: Former Malaysian DPM
Malaysia’s opposition leader said Tuesday (Oct 23) that the recent quake-tsunami that killed thousands in neighbouring Indonesia was “punishment from Allah” for the activities of gay people, sparking a storm of criticism.
— Channel NewsAsia

Indonesian tourism set to beat Thailand in 5 years
Tourism Minister Arief Yahya says growth in the Indonesian tourist industry may surpass that of Thailand within the next five years.
— The Jakarta Post

Indonesia to offer $15.2b in bonds to global investors
Indonesia’s Finance Ministry and three state-owned companies plan to offer at least US$11 billion (S$15.2 billion) in bonds to global investors to fund acquisitions, plug budget deficits, and as working capital.
— The Straits Times

FWD pursues pan-Asia ambitions with deal for CBA’s Indonesia insurance unit
FWD Group, led by Hong Kong billionaire Richard Li, will buy control of an Indonesian life insurance venture from Commonwealth Bank of Australia for A$426 million ($300 million) as it seeks to expand across Asia.
— Reuters

OnlinePajak Raises Over USD 25 Million In Series B Funding
OnlinePajak, the largest provider of tax compliance solutions in Indonesia which aims to help companies to reduce their administrative burden through seamless tax management, has raised over USD 25 million in Series B funding.
— AEC News Today/ PR Newswire (media release)

Indonesia, Saudi Arabia Discuss Anti-Terror Efforts, Journalist’s Killing
Indonesia and Saudi Arabia agreed to increase joint efforts against radicalism and terrorism, Foreign Minister Retno Marsudi said Tuesday while calling on the Middle Eastern oil power to investigate the death of journalist Jamal Khashoggi thoroughly and transparently.
— Benar News

Central Sulawesi quake, tsunami inflicted US$911 million in losses: Govt
The earthquake and ensuing tsunami that devastated Central Sulawesi resulted in at least Rp 13.82 trillion (US$911 million) in economic losses, according to National Disaster Mitigation Agency (BNPB) data.
— Reliefweb

PLN issues global bond valued at US$1.5 billion
The national power utility PT PLN has issued global bond valued at US$1.5 billion to raise fund to finance its program of building new power plants with a total capacity of 35,000 megawatts.
— Antara News

Monetary Policy Indonesia: Central Bank Leaves Rates Unchanged in October 2018
The central bank of Indonesia (Bank Indonesia) left its benchmark interest rate (the BI 7-Day Reverse Repo Rate) unchanged at 5.75 percent at the October 2018 policy meeting (22-23 October).
— Indonesia Investments (media release)

India to send team to Indonesia in connection with polio vaccine contamination probe
A five-member expert panel will visit Indonesia on October 29 to inspect pharmaceutical company PT Bio Farma in connection with the type-2 polio virus contamination detected in oral polio vaccines used for immunisation in the country.
— Express Pharma (blog)

Prevalence of stunting down to 30.8 percent
Health Minister Nila Moeloek said based on a health research in 2018, the prevalence of stunting for children below 5 years dropped 6.4 percentage points from 5 years earlier.
— Antara News

5 alarming facts about Indonesia’s startup ecosystem
Indonesia is an exciting market. The demographic composition has great economic potential.
— Yahoo News

Plastic to ride: Indonesians swap bottles for bus tickets
Indonesia’s second-largest city has come up with a novel way to encourage its residents to recycle waste – giving free bus rides in exchange for used plastic bottles.
— Channel NewsAsia

Jakarta to raise minimum wage to Rp 3.9 million
The city will raise its minimum wage by 8.03 percent, as it has been mandated by a government regulation.
— The Jakarta Post

Banking industry needs to strengthen capital: ojk
Financial Service Authority (OJK) Deputy Commissioner Slamet Edy Poernomo said national banks need to reinforce their capital so that they remain competitive.
— Antara News

Bank Indonesia Predicts Third Quarter Economic Growth Predictions
Bank Indonesia estimates the economic growth rate throughout the third quarter of 2018 to be around 5.1 percent or slower than the second quarter of 2018, which was 5.27 percent, because export performance tends to fall.
— Netral English

Japan’s Osaka Gas begins marketing gas in Indonesia with Pertamina
Japan’s Osaka Gas Co said it has launched a natural gas joint marketing business in Indonesia with a gas trading unit of Indonesia’s state-owned Pertamina.
— Reuters Africa

Future of Grand Meikarta Property Project in Jeopardy after Corruption Scandal?
The local government of West Java said it is currently busy compiling all data related to the Lippo Group’s ambitious Meikarta project.
— Indonesia Investments (media release)

PUBG Announces Winner of the Grand Final PUBG Mobile Indonesia National Championship (PINC) 2018
PlayerUnknown’s Battleground Mobile (PUBG Mobile), an online multiplayer battle royale game developed by Tencent, announced three winning teams of the first-ever PUBG Indonesia National Championship (PINC) 2018, held in Britama Arena Jakarta, October 20 – 21, 2018.
— AEC News Today/ PR Newswire (media release)

Minister Pudjiastuti affirms increase in fishery exports
Indonesia`s exports of fishery products increased in 2018 as compared to the previous year, Marine Affairs and Fisheries Minister Susi Pudjiastuti stated here on Tuesday.
— Antara News

Residents tell HIV-positive orphans to leave Samosir
Three HIV-positive orphans face the threat of being driven out of Samosir regency, North Sumatra, by residents who fear they may get infected with the virus.
— The Jakarta Post

From six offered blocks, only two get contractors
Deputy Energy and Mineral Resources Minister Arcandra Tahar has said that from six oil and gas blocks that had been auctioned since August, only two had contractors that are ready operate them.
— The Jakarta Post

Creating high-skilled talent
Less than two weeks ago, Alibaba Group co-founder Jack Ma revealed that he was in discussion with the Indonesian government regarding the possibility of opening an institute to train tech entrepreneurs in the country.
— The Asean Post

Indonesia to ban dog meat consumption
The government has agreed to issue a regulation banning the trade in dog meat amid concerns over the spread of rabies and animal abuse following a series of campaigns against the consumption of dog meat in the country.
— The Nation

Electrification to cover the whole of Riau in 2010: ESDM
The Riau Regional Energy and Mineral Resources (ESDM) office said it hopes electrification will cover the entire province not later than in 2020.
— Antara News

Moving Ground in Bogor Opens Up One Meter Wide Crack
Residents of Cimangurang Village, Babakan Madang, in Bogor District bewildered by a natural phenomenon of moving ground previously occurred in Tangerang and Depok.
— Tempo.co

Sri Mulyani explains spending behind swelling debt
Finance Minister Sri Mulyani acknowledged on Tuesday that government debt under President Joko “Jokowi” Widodo had increased significantly, but she argued that the funds had been used in a productive way.
— The Jakarta Post

Indonesia Can Pause To Spotlight Fisheries’ Friend
Indonesians are hosting a big international oceans conference in a few days, and this will be a welcome opportunity to show off not just Bali but some special policy attributes of the country’s uneven governance.
— Forbes

Jusuf Kalla Ensures No Rice Import This Year
Vice President Jusuf Kalla (JK) ensured that there would be no rice imports this year because the supply and price are guaranteed to be safe.
— Tempo.co

Indonesia Decision Guide: Time for a Pause as Rate Hikes Pay Off
ndonesia’s central bank may be ready to hit the pause button after five interest-rate hikes and measures to curb the current-account deficit start to pay off.
— Bloomberg

Woman killed, schedule disrupted in ‘twin’ train accidents
A woman was killed and the Commuter Line train schedule was disrupted in two separate railway accidents on Tuesday in East and South Jakarta.
— The Jakarta Post

President Jokowi: The 2018 Our Ocean Conference Takes place in Bali October 29-30
Indonesia is preparing to hold the 2018 Our Ocean Conference (OOC). The annual conference which will be held for the fifth time will take place in Bali on October 29-30, 2018.
— Netral English

West Jakarta night club closed down following drug raid
The Jakarta administration temporarily shut down Old City discotheque on Jl. Kali Besar Barat in Tambora, West Jakarta, on Monday, following the arrest of 52 people for allegedly using drugs on the premise.
— The Jakarta Post

MUI calls for flag burners to apologize to ‘the faithful’
The Indonesian Ulema Council (MUI) has called on the people who burned a black flag bearing an Islamic creed in Arabic to apologize for their action.
— The Jakarta Post

 

Feature photo United Nations Peacekeeping

This week’s Indonesia morning news feature photo acknowledges United Nations Day, October 24.

 

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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