Indonesia morning news for May 8

Indonesia morning news for May 8

Indonesia morning news

Government steps in to force lower Indonesia airfares
The Indonesian government is stepping in to cap domestic airfares after two ministerial directives and a call from the President failed to see airlines lower ticket costs.
— AEC News Today

Indonesia to cap foreign ownership in electronic trading platforms
Indonesia will limit foreign ownership of providers of electronic trading platforms for foreign exchange and money markets, a central bank official said on Tuesday, as part of its broader plans to improve market management.
— Reuters

Rupiah estimated to weaken following release of economic growth data
The exchange rate of the rupiah, traded in the interbank market in Jakarta, Tuesday, is estimated to go down following the release of economic growth data for the first quarter of 2019.
— Antara News

Indonesia: Losing candidate to reject election results
Indonesian presidential candidate Prabowo Subianto said late on Monday he will reject the results of elections held last month if the grievances of his party are not addressed.
— AA

World top bowlers to vie in Indonesia this year
The world best bowlers will feature in an international competition in Indonesia at the end of the year, a local official said on Tuesday.
— Xinhua

Indonesia’s Mt. Sinabung shoots column of smoke and ash into sky
An Indonesian volcano erupted Tuesday, sending a massive column of ash and smoke 2,000 metres (6,500 feet) into the air, coating local villages in debris.
— Phys Org

Indonesia temporarily revokes export permits of five mining companies
The Energy and Mineral Resources Ministry has temporarily revoked the export permits of five mining companies after they failed to show any progress in developing smelters as required by prevailing laws and regulations.
— The Jakarta Post

Indonesia Mulls Electronic Voting After 550 Die of Exhaustion
Indonesia is exploring dumping paper ballots for electronic voting machines after more than 550 election workers and security officers died from exhaustion following the world’s largest one-day vote, a senior minister said.
— Bloomberg

Gov’t Ramping Up Push against Mercury in Mining, Industry
The Indonesian Government on Tuesday, May 7, said it was beefing up its efforts to phase out the use of toxic metal mercury in sectors such as mining, healthcare and manufacturing.
— Tempo.co

One-price fuel program should continue: Ministry
The Coordinating Ministry for Maritime Affairs has urged the Energy and Mineral Resources Ministry to continue its one-price fuel (BBM) program to ensure social justice for the Indonesian people.
— Antara News

East Jakarta pedestrian bridge used for ‘tarawih’ to be demolished
Several young Muslims performed their last tarawih (evening prayers during Ramadan) on the Jl. Basuki Rahmat pedestrian bridge in Jatinegara, East Jakarta, on Monday, as the structure will soon be demolished to make way for the Bekasi-Cawang-Kampung Melayu (Becakayu) toll road project.
— The Jakarta Post

Indonesia looks to cut air ticket prices for Ramadan-ending festival
Indonesia’s chief economics minister has ordered transport authorities to cut airline ticket prices ahead of the country’s biggest festival that concludes the Muslim holy month of Ramadan, a government website said.
— Reuters

Indonesia’s dilemma underscores climate change threat
The megacity — the world’s second-largest in terms of population — is plummeting so fast that the Indonesian government has a plan to move the capital elsewhere.
— Toledo Blade

Tapping Ramadhan’s cultural, traditional potential to spur tourism
The cultural and traditional opulence in the run-up to Ramadhan that has far from dimmed in this era of progress and development should be tapped as an attractive potential to boost tourism.
— Antara News

OJK Terminates 543 Fintechs, P2P Lenders Operating Illegally
The Financial Services Authority (OJK) has terminated the businesses of 543 financial-technology companies offering peer-to-peer (P2P) loans. These companies are proven to have operates without registrations and licenses.
— Tempo.co

Govt pledges to push down airfares in one week
The government will decide on new price ceilings for airplane tickets within a week to force airlines to lower airfares, after two regulations that had been issued failed to do so, Transportation Minister Budi Karya Sumadi has said
— The Jakarta Post

Indonesian Minister threatens ‘manipulative’ garlic importers
Agriculture Minister Andi Amran Sulaeman has threatened to blacklist garlic importers whom he suspected of playing with the prices of the commodity, which caused them to skyrocket prior to the month of Ramadan.
— Fresh Plaza

New regulation issued to allow for earlier investment in oil and gas blocks
In trying to reduce Indonesia’s decade-long oil trade deficit, the government is facilitating oil and gas companies that have won contracts to accelerate their investment in their blocks even before the transfer of operation.
— The Jakarta Post

Peace must be built, cultivated and nurtured: Indonesian FM
Indonesian Minister of Foreign Affairs Retno Marsudi, during a photo exhibition about Indonesia’s contribution to world peace, stressed that peace must be built, cultivated, and nurtured all the time.
— Antara News

Govt to Take Stern Action against Moves to Delegitimize Elections
Coordinating Minister for Political, Legal, and Security Affairs Wiranto said the government would take stern action against any group or individual seeking to delegitimize the 2019 general elections. He added the government would form a team for this.
— Tempo.co

To Buru Island: A Journey to the Dark Side of Indonesia’s Past
Mars Noersmono’s story is a first-person account of a nation’s shame.
— The Diplomat

Unemployment numbers fall to 6.82 million
Indonesia’s open unemployment rate slightly dropped to 5.01 percent in February this year from 5.13 percent in the same month last year thanks partly to an increase in employee recruitment by the trade sector, according to the latest unemployment data released by Statistics Indonesia (BPS) on Monday.
— The Jakarta Post

Govt to Take Stern Action against Moves to Delegitimize Elections
Coordinating Minister for Political, Legal, and Security Affairs Wiranto said the government would take stern action against any group or individual seeking to delegitimize the 2019 general elections. He added the government would form a team for this.
— Tempo.co

IHSG closes higher on Tuesday evening
The Jakarta composite index (IHSG) closed higher on Tuesday evening as investors’ worries about the US-China trade war eased.
— Antara News

Volcano erupts in Indonesia, releases massive smoke, ash
An Indonesian volcano erupted Tuesday, sending a massive column of ash and smoke 2,000 metres (6,500 feet) into the air, coating local villages in debris.
— Khaleej Times

Mount Sinabung erupts, again
Mount Sinabung in Karo regency, North Sumatra, erupted on Tuesday morning after being inactive for about a year. The eruption took place at 6:41 a.m., spewing ash 2,000 meters into the air in a northeast direction.
— The Jakarta Post

Indonesia misses economic growth forecasts in Q1 as exports slip
Indonesia’s economy grew slower than expected in the first quarter, official data showed Monday, as exports contracted for the first time since 2016 owing to softer demand for key commodities.
— The Online Citizen

Jokowi scouts sites as Indonesia capital move gathers pace
Indonesian President Joko “Jokowi” Widodo arrived in Kalimantan island to survey possible locations for a new capital, fast-tracking a plan to move the administrative headquarters out of over-crowded and congested Jakarta.
— The Jakarta Post

President Jokowi Serious about Capital City Move
During a fast-breaking gathering at the State Palace in Jakarta today, President Joko “Jokowi” Widodo told state insitution leaders that his administration was serious about moving the country’s capital city.
— Tempo.co

Indonesia arrests 8 suspects in ISIS-linked election bomb plot
Indonesia has thwarted a bid by Islamic State-linked militants to stage a series of bombings when it announces official election results this month, authorities said.
— The Defense Post

Indonesia chases manufacturing hub dream as commodities wither
Indonesia plans to open up more sectors to foreign investors and reboot its stringent labor laws to become a regional manufacturing powerhouse rivaling Germany and South Korea, according to Industry Minister Airlangga Hartarto.
— The Jakarta Post

Indonesia’s motorbikes catch second wind as car sales lag
The notion that as income levels rise, transportation in Southeast Asian countries inevitably shifts from two wheels to four seems to be hitting a roadblock in Indonesia.
— Nikkei Asian Review (paywall)

High-ranking sports ministry official indicted for accepting bribes
Corruption Eradication Commission (KPK) prosecutors have indicted a high-ranking official of the Youth and Sport Ministry, accusing him of receiving Rp 400 million (US$28,170) in bribes.
— The Jakarta Post

Indonesia cuts May coal price 8% to 22-month low
Indonesia’s energy ministry has cut its May coal reference price by 7.9% on the month to USD 81.86/t, its lowest since July 2017, due largely to lower demand from the country’s main export destinations.
— Montel News

Batang Toru Power Plant Threatens Life of Tapanuli Orangutan
The Foundation for Sustainable Ecosystem (Yayasan Ekosistem Lestari – YEL) voiced high concerns about the existence of orangutan in Tapanuli, North Sumatra that was under threat due to a dam construction.
— Tempo.co

Govt asks four provinces for new location of state capital
National Planning Minister Bambang Prodjonegoro says that the government has invited four provinces to suggest locations for a new capital to replace Jakarta, after President Joko “Jokowi” Widodo revived an old plan to relocate the state capital.
— The Jakarta Post

President inspects location as prospective seat of government
President Joko Widodo (Jokowi) inspected the Bukit Soeharto area in Kutai Kartanegara district, East Kalimantan province, a location proposed as the prospective seat of the Indonesian government.
— Antara News

After Indonesia introduced minimum tariffs for online motorcycle taxi rides, platforms are already seeing a dip in demand
Since the Indonesian government implemented minimum tariffs for online motorcycle taxi on May 1st, customers have taken to social media to complain about the expensive new fares from ride-hailing providers.
— Kr Asia

Indonesia actively supports women’s role in maintaining int’l peace
Foreign Affairs Minister Retno L. P. Marsudi highlighted Indonesia’s unwavering stand to consistently promote the role of women in maintaining international peace.
— Antara News

Democratic Party: Wiranto’s Repressive General Tendency Shown
The Democratic Party criticized the government’s plan on forming a national legal team tasked to prevent any acts or attempts to delegitimize the Indonesia election and its results. This was previously announced by Wiranto, Coordinating Minister for Political, Legal, and Security Affairs.
— Tempo.co

Campaign for cooking with electricity hampered by households’ low power capacity
The government is preparing a nationwide program to promote induction cooking, which uses electricity to heat pots and pans, and reduce household dependency on imported liquefied petroleum gas (LPG), particularly subsidized LPG distributed in 3-kilogram canisters.
— The Jakarta Post

Indonesian authorities arrest suspected members of ISIS-affiliated group, thwart planned terrorist attack: report
Two suspected terrorists were killed and six others were detained during weekend raids in Indonesia aimed at thwarting a potential terror attack, according to a report.
— FOX News

 

Feature photo Indoindians

This week’s Indonesia morning news feature photo acknowledges the commencement of Ramadan, May 6.

 

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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