Thursday, 21 September 2017
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Industry Updates - Indonesia

Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

Jokowi asks Universities to advance e-Commerce Studies

Bandung, W Java (ANTARA News) - Indonesian President Joko "Jokowi" Widodo has asked universities to advance their e-commerce studies, particularly through the faculty of economy.

UN praises Indonesia for protecting Migrant Worker's Rights

Jakarta (ANTARA News) - The UN Migrant Workers Committee has lauded the Indonesian government for optimally implementing the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families.

Indonesia urges APEC to continue prioritizing MSMEs

Jakarta (ANTARA News) - Indonesia has urged the Asia-Pacific Economic Cooperation (APEC) to continue prioritizing micro, small, and medium enterprises (MSMEs) that play an important role in creating jobs and boosting economic growth.

Minister expresses Concern over CPO Import Duty to India

Jakarta (ANTARA News) - Indonesias Trade Minister Enggartiasto Lukita has expressed concern over Indias decision to raise crude palm oil import duty from 7.5 percent to 15 percent, during his meeting with Indian Minister of Processed Food, Harsimrat Kaur Badal, here on Wednesday.

Indonesia, Vietnam sign Cooperation Agreements in Five Fields

Jakarta (ANTARA News) - Indonesia and Vietnam have agreed to cooperate in five sectors, namely education, rural development, coal fields, gas utilization at contingent borders, law and marine, and coastal safeguards.

Ministry to renew Data on Indonesian Nationals Overseas

Jakarta (ANTARA News) - The ministries of Foreign Affairs, Home Affairs, Immigration Office, as well as Indonesian Migrant Workers Placement and Protection Agency (BNP2TKI), will renew the database of Indonesian nationals living overseas, including the migrant workers, in 2018, a high-ranking official stated here on Monday.

Government seeks to issue One-Month Treasury Notes

Jakarta (ANTARA News) - The Indonesian government is seeking to issue one-month state treasury notes next year to meet the short-term liquidity needs, an official stated.

Government still applying Moratorium on New Building: Kalla

Jakarta (ANTARA News) - Indonesian Vice President Jusuf Kalla has asked the House of Representatives (DPR) to understand that the government was still applying a moratorium on the construction of new buildings.

Government to launch New Economic Policy Package

Jakarta (ANTARA News) - The government will launch the new Economic Policy Package XVI on ease of investments in Indonesia, ahead of its 72nd Independence Day.

President conducts Major Transformation in Development Policy

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) has conducted a major transformation in the development policy, an official said.

University of Indonesia tops Webometrics Ranking

Depok, W.Java (ANTARA News) - The University of Indonesia (UI) has once again achieved the first rank as the best university in Indonesia, according to Webometrics Ranking of World Universities 2017.

Indonesia seeks to enhance Bilateral Cooperation with Laos

Jakarta (ANTARA News) - Indonesia is seeking to enhance bilateral cooperation with the Peoples Democratic Republic of Laos during the visit of Foreign Minister of Laos Saleumxay Kommasith to Jakarta here on Thursday.

Government to establish Micro Endowment Bank: President

Jakarta (ANTARA News) - President Joko Widodo said that the government would establish micro endowment bank near Islamic boarding schools to overcome inequality in prosperity.

Kalla encourages Private Universities to merge

Badung, Bali (ANTARA News) - Indonesian Vice President Jusuf Kalla has encouraged private universities, under the Association of Indonesian Private Universities Organizing Board, to merge in order to improve the quality of colleges.

Indonesia becomes FAO's Legal Committee Member

London, UK (ANTARA News) - The Food and Agricultural (FAO) Statistics Council has assigned Royhan Nevy Wahab, the First Secretary of the Multilateral Function of the Indonesian Embassy in Rome, as one of seven members of the Committee on Constitutional and Legal Matters (CCLM) for 2017-2019.

House can use its Inquiry Right on KPK

Jakarta (ANTARA News) - Constitutional law expert Prof Yusril Mahendra asserted that the House of Representatives as a legislative body can use its inquiry right on the Corruption Eradication Commission (KPK) in the context of supervising the agency's performance.

Indonesia, Turkey agree to launch Economic Partnership Negotation

Ankara, Turkey (ANTARA News) - The Governments of Indonesia and Turkey launched Indonesian Comprehensive Economic Partnership Agreement (IT-CEPA) negotiations here on Thursday.

Indonesia participates in initiating International Day of MSMEs

Jakarta (ANTARA News) - Indonesia has become one of the countries that has initiated the establishment of June 27 as the International Day of Micro, Small and Medium Enterprises (MSMEs).

Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

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Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

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High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

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EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

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BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

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