Japanese ordered Jokowi to repeal the Law of Mineral and Coal Mining

Coal mining activity in Indonesia

Governor of Jakarta Joko Widodo aka Jokowi called a meeting with the Minister of Foreign Affairs of Japan, Fumio Kishida, at Jakarta City Hall on Tuesday, 12 August 2014 Various matters discussed in the meeting that lasted about 30 minutes.

According to Jokowi, one of which is discussed is the question of Law Number 4 Year 2009 on Mineral and Coal mining which start taking effect this year. Fumio requested that the issue be discussed again, especially in terms of export ban on raw mining products.

But Jokowi confirms that it will remain governed by the constitution. "We will stick to the Law. Just the technique how the law will be implemented will be discussed again with Japan," said Jokowi.

Indonesia will print new money

Indonesian rupiah

Bank Indonesia will issue new money, this Indonesian rupiah will be named the unitary state of Republic of Indonesia money will officially circulate at the Anniversary of the Republic of Indonesia on August 17, 2014.

Bank Indonesia Executive Director of the Department of Communications, Tirta Segara, said that the new printing of money will replace the money that had been circulating in the community, but there will be no change in the value of the money.

Indonesia revised the Benchmark Price of Sugar

Indonesian sugar cane farmers

The government plans to review the Farmer Standard Price of white crystal sugar at year 2014. Commerce Minister, Muhammad Lutfi said, Farmer Standard Price of white crystal sugar will be set to IDR 8,500 per kilogram.

"This is an attempt to correct the impediments to the sale of the sugar," said Lutfi at the Ministry of Commerce, Friday, August 8, 2014.

He added that as long as there are concerns of farmers about the drop in sugar prices due to leakage of the sugar industry. Moreover, refined sugar import quota in 2014 is still alive and on his way to Indonesia. "Refined sugar import quota this year was more than 2.8 million tons," he said.

Indonesian authorities banned Mavrodi Mondial Moneybox (MMM)

MMM is booming in Indonesia

 Kusumaningtuti S. Soetiono, members of the Board of Education and the Commissioner of Consumer Protection Division of the Financial Services Authority, asking the public to be wary at investment offers or raising funds in the community. The reason, not all institutions offering this fund raising included in financial institutions.

"Not all activity in the field of financial is called financial services institutions," said Kusumaningtuti in the "National Seminar on Strategies and Challenges in Financial Education for Housewife and Small Medium Business, at the Sari Pan Pacific, Thursday, August 7, 2014.

Financial institutions are recognized and given permission by the Financial Services Authority, she said, simply financial institutions such as banking, capital markets, insurance, pension funds, securities, and mortgages.

Xiaomi failed to sell its product in Indonesia

Xiaomi Mi-3 failed to enter Indonesia legaly

Chinese mobile phone manufacturer Xiaomi step to expand its market to Indonesia and Brazil was blocked due to the certification process that is considered convoluted.

As quoted from the Wall Street Journal, VP for Global Operations Xiaomi, Hugo Barra said that in Indonesia and Brazil, the process (certification) can reach six months to meet local standards and obtain certification to sell the product.

However, Android phones Xiaomi still targeted to be sold to the Indonesian market by the end of August.

No specific mention of what the underlying issues the certification process difficulties experienced by Xiaomi. Previously, Motorola had the same problem with the launch of its G Moto delayed up to four months.

Indonesia sell very cheap natural gas to South Korea

Tangguh Field, West Papua, Indonesia

Indonesia is still exporting natural gas at low prices to South Korea. It costs $ 4.1 per MMBTU until 2034. however it is very difficult to raise the export price of gas, because there is no renegotiation clause in the contract of sale of gas.

"Fujian with Korea is different. Because on the gas export contract to Fujian there is a price review (assessment rates) once every 4 years. Korea does not exist, then the challenge is there," said Chief Executive Indonesia Oil and Gas, Johanes Widjonarko at the Ministry of Energy and Mineral Resources office, Jakarta.

Will Jokowi raise the subsidized fuel prices soon?

Will Jokowi raise the price of subsidized fuel?

The issue of subsidy allocations of fuel that continue growing will be heavy homework for the new president.

Coordinating Minister for Economic Affairs Chairul Tanjung said that President Susilo Bambang Yudhoyono will still negotiate the allocation of fuel subsidy with the next president. Until now could not be discussed because one of the presidential candidates still file a lawsuit to the Constitutional Court.

According to Chairul Tanjung, the President wants to create a different tradition during this time of transition rule. One of them were provide as much information to the new president.

Foreign workers in Indonesia are now limited

Foreign worker in Indonesia

President Susilo Bambang Yudhoyono has signed a Presidential Decree (Decree) No. 72 Year 2014 on the Use of Foreign Workers and Implementation of Education and Workforce Training Companion. Under that regulation, for every foreign worker hired by a company, then an assistant labor Indonesian citizen must also be recruited.

"The appointment of Indonesian workers as Labor Companion implemented for the transfer of technology and skills," in accordance with the wording of Article 12 of this regulation.

Not only give a local companion, every worker in the company that makes the criteria also required to provide training equivalent to that occupied the competence of the foreign workers.