Prabowo to meet Russian, British ambassadorsThursday, 07 Nov 2019
GENERAL NEWS AND HEADLINES
Deputy commander post for TNI revived
; CNBC Indonesia (https://tinyurl.com/y3ou6oeg) ; Tempo (https://tinyurl.com/yxch6g2x)
President Joko "Jokowi" Widodo has reinstated the deputy commander post for the Indonesian Military (TNI) almost 20 years after its removal by then-president Abdurrahman "Gus Dur" Wahid.
Presidential spokesman Fadjroel Rachman said the revival of the post was needed to facilitate important governmental programs. Similar to a deputy minister, the deputy commander's duties will be determined by the President himself.
The responsibilities of the deputy commander will include assisting the commander in implementing state defense policies, developing military strategies and also carrying out the duties of the commander should the latter be temporarily or permanently absent.
Eradicate intolerance and radicalism: Ma’ruf Amin
Vice President Ma'ruf Amin has said that the eradication of intolerance and radicalism, which incites separatism and division, is crucial for Indonesia to progress.
With the current discourse over the prohibition of the wearing of religious-oriented articles of clothing, such as the niqab or calf-length trousers, Ma'ruf reiterated that these clothing articles did not represent intolerance or radicalism.
"There is public discourse about intolerance, especially regarding the calf-length trousers. In truth, however, radicalism and intolerance are thought processes that need to be corrected and attitudes that need to be rectified," Ma'ruf argued.
Prabowo to meet Russian, British ambassadors
Defense Minister Prabowo Subianto is scheduled to meet with British Ambassador Owen Jenkins and Russian Ambassador Lyudmila Georgievna Vorobieva today.
Deputy Defense Minister Wahyu Sakti Trenggono stated that there were no specific agendas for the meetings. "They are just courtesy calls," he said.
Since his inauguration as defense minister on Oct. 23, Prabowo has met with a number of ambassadors, namely those of China, South Korea and Jordan.
BUSINESS AND ECONOMICS NEWS AND HEADLINES
Sriwijaya, Garuda get into new spat
; CNBC Indonesia (https://tinyurl.com/yyyuoone) ; Kompas (https://tinyurl.com/yy87urok) ; CNN Indonesia (https://tinyurl.com/y3cmtruq)
State flag carrier Garuda Indonesia has once again broken up its management partnership (KSM) with Sriwijaya Air Group. The partners were in a feud with no solution in sight, Garuda Indonesia technical and service director Iwan Joeniarto said in a written statement on Thursday.
Sriwijaya technical director Romdani Ardali confirmed the breakup but gave no further information on the reasons behind it. Garuda and Sriwijaya resolved a previous feud early last month.
Transportation Minister Budi Karya Sumadi said he would summon the management teams from both companies to avert disruptions to flight schedules.
Forex reserves up by US$2.5 million in October
CNBC Indonesia (https://tinyurl.com/y6jku226)
; Kontan (https://tinyurl.com/y444eqp8) ; Bisnis Indonesia (https://tinyurl.com/y67k4qrr) ; Detik (https://tinyurl.com/y46roqka)
Bank Indonesia (BI) recorded an increase in its foreign exchange (forex) reserves to US$ 126.7 billion in October 2019, from US$ 124.3 billion last month. October's reserves are enough to cover seven months of imports and government short-term external debt payments. In its official statement, BI said that the increase in October was due to rising oil and gas royalties, as well as the issuance of new government debt.
BJB appointed the first regional bank to administer RDN
The Indonesian Central Securities Depository (KSEI) has appointed regional lender Bank Jabar Banten (BJB) as the first regional bank to administer the customer funds account (RDN) in West Java and Banten for 2019-2024. The appointment signifies KSEI's support for a joint program enacted by the Financial Services Authority (OJK) and Self-Regulatory Organizations (SRO) that aims to nurture the development of regional securities companies (PED).
PEDs are based out of Jakarta and provide financial services to investors who live within its immediate vicinity. BJB has a large number of loyal customers, so it will be easier for PEDs located in West Java and Banten to obtain new customers through the bank’s customer base.
GrabKios to add 1 million stalls
CNBC Indonesia (https://tinyurl.com/y32s3e3x)
; Kompas (https://tinyurl.com/y6d9nzwg) ; Detik (https://tinyurl.com/y59rb2n8)
Kudo has formally changed its name to GrabKios, marking a stronger integration with Grab. "Through GrabKios, Grab reinforces its commitment to empower traditional stalls," GrabKios CEO Agung Nugroho said on Thursday.
2.6 million of Kudo's partners distributed in more than 500 cities and districts in Indonesia will join the Grab ecosystem. GrabKios also aims to add one million partners by 2021.
GrabKios is a digital service within the Grab ecosystem that provides digital access for people with limited internet and banking exposure through traditional stalls.