Last Indonesian hostage rescued from Abu SayyafThursday, 16 Jan 2020
GENERAL NEWS AND HEADLINES
The House of Representatives’ Legislation Body (Baleg) plans to reduce the number of bills in the 2020 National Legislation Program (Prolegnas). The Prolegnas currently consists of 50 bills prioritized for deliberation this year.
According to Baleg deputy chairman Achmad “Awiek” Baidowi, there are a number of objections to the initial list of 50 prioritized bills and the list will be re-discussed this afternoon with Law and Human Rights Minister Yasonna Laoly.
“We had previously held a working meeting [to discuss the Prolegnas], however there must have been a miscommunication between Baleg members and their respective party factions because some still lodged objections to the list of prioritized bills and even asked to reduce [the number of bills],” said Awiek.
Golkar Party executive and People’s Consultative Assembly (MPR) Speaker Bambang Soesatyo reports that the new structural formation of Golkar’s central executive board (DPP), including its new leadership, has yet to be finalized and still needs some improvements. Bambang claims that he received the information from Golkar secretary-general Lodewijk F. Paulus himself.
Despite Bambang’s statement, Golkar chairman Airlangga Hartarto has reportedly named the new leadership of the party’s DPP for the 2019-2024 period. The announcement was made via a written statement released on Jan. 15.
Bambang, who previously squared off with Airlangga for Golkar’s chairmanship, was reluctant to further comment on reports of his alleged lack of allies in Golkar’s new DPP. Bambang, however, expressed his hope that Golkar’s new DPP would accommodate all constituents within the party to prevent future internal splits.
Last Indonesian hostage rescued from Abu Sayyaf
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The last remaining Indonesian fisherman held hostage by the notorious Abu Sayyaf militant group in the Sulu Sea region was rescued on Wednesday evening by the Philippine military, the Foreign Ministry said on Thursday.
The fisherman, Muhammad Farhan, 24, was rescued in Bato-Bato, Indanan municipality on the Philippines’ southern island of Jolo at 6:45 p.m. on Jan. 15. The two other hostages had been rescued in December last year.
“The Indonesian government appreciates all the efforts by the Philippine authorities, including Division 11 of the Armed Forces of the Philippines in Sulu, for its efforts in rescuing the Indonesian hostages,” the ministry said in a press statement.
The Philippine authorities will soon hand Farhan to the Indonesian Embassy in Manila, which will then send him home to Indonesia.
BUSINESS AND ECONOMICS NEWS AND HEADLINES
Govt launches mobile app to improve exporters’ access to permits
The government through the National Single Window Agency (LNSW), the Indonesian Export Financing Institutions (LPEI) and the Directorate General of Customs and Excise (DJBC) launched the Indonesia National Single Window mobile application (INSWMobile) on Wednesday to improve exporters’ access to permits required for exports and imports. Exporters can use the mobile application to track documents such as permits, import notification letters (PIB), business registration numbers (NIB) and certificates of origin, as well as obtaining information related to restrictions and prohibitions as specified in the Indonesia National Trade Repository (INTR). Furthermore, exporters can also consult and access information on export activities from trade-related ministries.
Financial Services Authority (OJK) chairman Wimboh Santoso announced on Thursday that bank loan disbursement only grew 6.08 percent in 2019 from 11.7 percent in 2018, marking a 48-percent decline in growth due to weakening global market demand. Wimboh added that the low credit growth was also caused by increasing foreign loans withdrawn by companies that grew rapidly at 133.6 percent. However, despite the global economic turmoil, the country’s financial sector remained stable as a result of support from an adequate level of market capital and liquidy, as well as moderate risk profile. The OJK also recorded the country’s gross non-performing loan (NPL) ratio was at a low level of 2.5 percent, or 1.2 percent net.
Bahana to lead state-owned insurance holding company
The State-Owned Enterprises (SOEs) Ministry has confirmed that PT Bahana Pembinaan Usaha Indonesia will lead the state-owned insurance holding company that is set to be complete in February. Deputy SOEs Minister Kartika Wirjoatmodjo said the holding company establishment had reached the Government Regulation (PP) issuance process. PT Asuransi Kredit Indonesia (Askrindo), PT Jaminan Kredit Indonesia (Jamkrindo) and PT Asuransi Jasa Indonesia (Jasindo) will be managed under the insurance holding company.
OJK commits to digitalize financial services in 2020
In an attempt to improve financial literacy, the Financial Services Authority (OJK) will accelerate the country’s digitalization in financial services, particularly by supporting the growth of financial technology, insurance technology, virtual banking and open banking. However, OJK chairman Wimboh Santoso on Thursday said only banks that were able to absorb the risk would bre allowed to provide virtual and open banking services. The OJK will also make efforts to provide greater financial access to micro, small and medium-sized enterprises (MSMEs), including by issuing munipical bonds.Download PDF