Indonesia morning news for February 25

Indonesia morning news for February 25

Indonesia morning newsWorld’s largest bee found in Indonesian rainforest in ‘holy grail’ discovery
A long-lost giant bee, which had not been seen since 1981, has been rediscovered by scientists in an Indonesian rainforest.
— Intellasia

Indonesia to Ease Trading Rules to Lure Mom-and-Pop Investors
Indonesia’s stock exchange plans to cut the minimum trading price for shares and shrink the lot size in its drive to attract more retail investors and boost volumes.
— Bloomberg

Indonesia asks India to cut palm oil tariffs in exchange for sugar imports
INDONESIA has asked India to cut its tariff on refined palm oil to 45 per cent, matching the levy faced by rival producer Malaysia, and has offered market access for Indian sugar in exchange, the trade ministry said on Saturday.
— The Business Times

China and Indonesia set to CLASH as tensions over South China Sea ESCALATE
INDONESIA plans to assert its authority over the South China Sea in a move that is likely to antagonise china and escalate the dispute over the hotly contested area of the Pacific Ocean.
— Express

Cut palm oil tariff and we will buy your sugar, Indonesia tells India
Indonesia has asked India to cut its tariff on refined palm oil to 45%, matching the levy faced by rival producer Malaysia, and has offered market access for Indian sugar in exchange, the trade ministry said on Saturday.
— Free Malaysia Today

Indonesia Eyeing to become UN Human Rights Council Member
The Ministry of Foreign Affairs’ human rights and humanitarian director Achsanul Habib said that Indonesia is currently electing to be a United Nations’ human rights council member for the period of 2020-2022.
— Tempo.co

Indonesia’s policy misstep is Vietnam’s opportunity to seize the sweet spot as Southeast Asia’s pharmaceutical hub
Indonesia is actively driving out biopharmaceutical and other sophisticated ventures, requiring the compulsory licensing of any non-indigenous pharmaceutical products
— SCMP

Indonesian terror convict Noim Bashir dies of heart attack just days after walking free
Indonesian terror convict Noim Bashir, released from prison last Tuesday after serving a six-year sentence, died of a heart attack on Saturday (Feb 23), just days after walking free.
— Straits Times (annoying popups)

Raging bull: smashing away anger at Indonesia’s ‘Temper Clinic’
Armed with crowbars and wearing protective gear, three women assembled at a Jakarta stress clinic survey the cluster of bottles they’re about to smash to pieces.
— The Nation (annoying popups)

Investing in late-cycle earnings growth
Positive news flow on the ongoing US-China trade talks continued to buoy sentiment for global stocks over the past week.
— The Edge Singapore

Indonesia bids for leadership in multilateral development banks
Indonesia has positioned itself to be a leading international donor, says Retno Maruti, senior policy analyst at Indonesia’s Ministry of Finance.
— Channel NewsAsia
(very annoying popups)

Sandiaga Uno Preps 4 Points for Next Election Debate
A spokesperson for the campaign team of Prabowo-Sandiaga, Andre Rosiade, said vice presidential hopeful number 02 Sandiaga Uno is ready to face the third election debate. According to Andre, Sandiaga Uno has mastered the material for the event.
— Tempo.co

Whirlwind damages houses, buildings in western Indonesia
Dozens of houses and buildings were destroyed, and scores of villagers evacuated after whirlwind struck Sukabumi district of West Java province in western parts of Indonesia, a government official said on Saturday.
— Xinhua

Pastry school APCA Indonesia opens in South Tangerang
Those with a passion for making pastries, bread or chocolate are blessed with the chance to make others happy with their creations. But when the pastry chef, baker or chocolatier wish to contribute to the culinary industry for their own benefit, that’s another story.
— The Jakarta Post

UN experts urge Indonesia to respect Papuans’ human rights
Five independent experts linked to the UN human rights office are calling for quick and impartial investigations of mistreatment by Indonesian security forces of indigenous Papuans, including alleged killings, unlawful arrests and use of snakes to terrorise.
— Intellasia

Indonesia to Campaign for Membership at UN Human Rights Council
Foreign Affairs Minister Retno Marsudi will use the United Nation’s Human Rights Council’s annual assembly as a platform to campaign for Indonesia’s entrance as the council’s member for 2020-2022.
— Tempo.co

Budget 2019: Winners and losers
Singapore’s Budget 2019 speech, delivered by Finance Minister Heng Swee Keat on Feb 18, hogged headlines for the better part of the week. Analysts were quick to parse which stocks would be affected by the projected government spending of $80.25 billion.
— The Edge Singapore

IHSG closes lower on friday as asian markets fall
The Jakarta composite index (IHSG) closed lower over the weekend, as the Asian stock markets were corrected.
— Antara News

Tourism recovering in Indonesia’s quake-hit Lombok with rising hotel occupancy rate: hotel operator
Hotels in the quake-hit island of Lombok in Indonesia have seen rising occupancy rate thanks to effective sales and promotion programs, coupled with renovation for damaged facilities, a hotel operator has said.
— Xinhua

Ma’ruf Amin and the Upcoming VP Debate Preparation
Vice Presidential candidate Ma’ruf Amin announced that he is ready to participate in the third presidential debate on March 17, which will see vice presidential candidates pitted against each other.
— Tempo.co

Raging fire erupts in Indonesian shipyard after spark from welder
Firefighters fought hard to extinguish a blaze on a shipyard in Indonesia. Dramatic footage showed as many as 20 ships on fire in Muara Baru Port, in Jakarta. Authorities said the fire started after sparks from a welder ignited them.
— Metro

Indonesia`s human rights record can boost OHCHR member campaign: Marsudi
Indonesia`s track record in protecting and promoting human rights can be an asset for being selected to sit in the United Nations Human Rights Council (OHCHR) for 2020-2022, Foreign Minister Retno Lestari Priansari Marsudi stated.
— Antara News

Indonesia foils terrorist attack plot
Indonesian police announced on February 22 that they have thwarted a terrorist plan to attack police and seize a large volume of weapons in Yogyakarta province.
— Vietnam Plus

Gov’t Boosts Tourist Village Homestays Program in 10 New Bali
Tourism Ministry boosts a program to build tourist village homestays in ten designated priority destinations or known as 10 New Bali.
— Tempo.co

Right timing: Temporary pause as STI consolidates gains
The recovery by the Straits Times Index that started towards mid-January is likely to continue despite short term hiccups. Quarterly momentum is in rising mode, the 50- and 100-day moving averages are positively placed, and the index remains above its 200-day moving average.
— The Edge Singapore

Ambassador convinces Singapore investors to tap in Iindonesia`s digital economy
Indonesian Ambassador to Singapore Ngurah Swajaya has urged Singapore investors and start-ups to tap in the potential of the digital economy in Indonesia.
— Antara News

Gov’t Wants Avtur Supplied by Companies Other than Pertamina
Coordinating Minister of Maritime Affairs Luhut Binsar Pandjaitan agreed to the concept of having more energy companies supply jet fuel or avtur for Indonesia’s commercial flight industry.
— Tempo.co

Kuwait remains Indonesia`s main partner
Kuwait has remained Indonesia`s important partner, reflected by mutual support for their candidacy for non-permanent membership of the United Nations Security Council (UNSC), Indonesian Vice Minister for Energy and Mineral …
— Antara News

Internet contributes to radicalism among young RI Muslims: Study
A study suggests that young Indonesian Muslims who use the internet more often tend to have radical and intolerant views compared to their peers who rarely go online.
— The Nation (very annoying popups)

BMKG Predicts Rain over Jakarta and Supermoon in the Night
The Meteorology, Climatology, and Geophysics Agency (BMKG) predicts rain will shower over five areas within the Jakarta region on Tuesday with an average temperature of 23-33 degrees Celcius.
— Tempo.co

UN rights experts urge Indonesia to probe use of snake to scare Papua suspect
United Nations rights experts have urged Indonesia to investigate accusations of violence by police and military in Papua after a video showed officers using a live snake to intimidate a suspect during questioning.
— Intellasia

Indonesia invites Americans to invest in digital economy, tourism
The Indonesian government invited American investors to invest in the digital economy and the development of “10 New Balis”, a plan that aims to replicate the economic effects of tourism in Bali nationally.
— Antara News

Ani Yudhoyono’s Health Deteriorated after Trip to Aceh with SBY
The wife of sixth Indonesian president Susilo “SBY” Bambang Yudhoyono, Ani Yudhoyono is currently being treated at Singapore’s National University after she was diagnosed for blood cancer.
— Tempo.co

 

Feature photo ASK Pak Deh 

This week’s Indonesia morning news feature photo acknowledges World Wildlife Day, March 3.

 

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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Piseth Pov graduated with a Bachelor’s degree in Economics Science from the Royal University of Law and Economics, Phnom Penh in 2017, and a Bachelor’s degree in English Communications from Western University, Phnom Penh, the same year.

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