Indonesia Economy Forum
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Kartu Multi Trip Edisi ImlekPramuniaga menunjukan gelang dan kartu 'multi trip' edisi Imlek saat peluncuran di Stasiun Jakarta Kota, Jakarta, Minggu (7/1). PT KAI Commuter Jabodetabek meluncurkan kartu dan gelang 'multi trip' edisi Tahun Baru Imlek yang terbatas dijual hanya pada 7 dan 8 Febuari 2016. ANTARA FOTO/Teresia May/kye/16
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Indonesia stock exchange registers highest index hike
Senin, 8 Februari 2016 18:10 WIB | 403 Views
Jakarta (ANTARA News) - The Indonesia Stock Exchange (BEI) has recorded a 4.48 percent hike in its composite index this year, making it the highest as compared to indexes of major stock exchanges in the world.
The exchanges president director, Tito Sulistion, noted in a press release received here on Monday that the positive performance of the IHSG index was caused by the accumulation of purchases by investors of shares, with high capitalization, that had a significant effect on the IHSG coefficient.
"At present, some 20 big companies are listed on the BEI that control 60 percent of IHSGs market capitalization," he pointed out.
He explained that the hike in the IHSG had led the Indonesian share markets capitalization to reach Rp5,094.26 trillion, or an increase of 4.54 percent, compared to Rp4,872.70 trillion recorded at the end of 2015.
The total market capitalization is the cost of all shares of companies listed on the BEI.
Of the several stock exchanges in the world, with the exception of Thailand, only 1.31 percent were able to record positive growth this year.
Among the stock exchange indexes that have recorded negative performance are the Bursa Malaysia Index, Kospi Index of South Korea, the Philippines PSE Index, Britains FTSE 100, Indias S&P Sensex Index, US Dow Jones Index, Singapores Straight Times Index, Japans Nikkei 225, Hong Kongs Hang Seng Index, and Shanghai Index.
Sulistio revealed his plan to continue to adopt initiatives to attract more investors to invest in the Indonesian capital market.
He said the initiatives to be adopted by the BEI would be focused on four key areas encompassing BEIs development by increasing the number of issuers, strengthening the brokers, increasing the number of investors, and improving BEIs reputation.
"One of the initiatives that has been realized by the BEI this week is the reactivation of futures trading and the LQ-45 Futures Option on Monday (Feb. 1)," he added.(*)
Indonesia stock exchange registers highest index hike - ANTARA News
Chinese flock to Bali celebrating new year
Senin, 8 Februari 2016 18:28 WIB | 438 Views
Jakarta (ANTARA News) - Thousands of Chinese have flocked to Bali to cerebrate Chinese new year using chartered flights of a number of airlines including Garuda Indonesia
Tourism Minister Arief Yahya said here on Monday at least 65 chartered flights carrying 23,000 Chinese from 11 cities in China had landed on Bali.
"It seems Bali has become the favorite destination of Chinese tourists . More than 114 million Chinese travel abroad every year," Arief said.
Other airlines carrying Chinese to Bali on chartered flights include HongKong Airlines, Shenzen airlines, Air Asia, China Southern, China Eastern, Dragon Air, Cathay Paciific, Eva Air, Singapore Airlines, Brunai Air, etc.
Arief said the airlines could serve to promote Bali in China.
"They speak good things about Bali, its beauty and generosity of its people, " he said.
He attributed the success in luring Chinese to Bali to intensive advertising, and sales by a marketing team of the tourism ministry.
He said he had instructed the provision of 6,000 souvenirs for the tourists and facilities to entertain the visitors.
The tourism ministry has launched promotion campaigns to attract Chinese to cerebrate Chinese new year in Bali since early January.
"Winter in northern China including Beijing and the province of Heilongjiang is extreme 15 degree Celsius below zero prompting people from that region to leave for warm place and choose Bali to celebrate the new year," he said.
In 2016, the tourism ministry sets the target for foreign visitors to Bali at 1.7 million . In February alone the target is set at 200,000 visitors.
"China is a potential market , a big market. Therefore it needs special handling," Arief said.
Arief said currently only 1.14 million Chinese tourists visit Indonesia a year far smaller than 8 million to Thailand.
"We have been lagging too far behind . If they are so interested in visiting Thailand , they should be more so in Indonesia," he said, adding Indonesia needs only to intensify promotion.
Generally Chinese tourist like beach resorts and shopping, he said.(*)
Chinese flock to Bali celebrating new year - ANTARA News
Senin, 8 Februari 2016 18:10 WIB | 403 Views
Jakarta (ANTARA News) - The Indonesia Stock Exchange (BEI) has recorded a 4.48 percent hike in its composite index this year, making it the highest as compared to indexes of major stock exchanges in the world.
The exchanges president director, Tito Sulistion, noted in a press release received here on Monday that the positive performance of the IHSG index was caused by the accumulation of purchases by investors of shares, with high capitalization, that had a significant effect on the IHSG coefficient.
"At present, some 20 big companies are listed on the BEI that control 60 percent of IHSGs market capitalization," he pointed out.
He explained that the hike in the IHSG had led the Indonesian share markets capitalization to reach Rp5,094.26 trillion, or an increase of 4.54 percent, compared to Rp4,872.70 trillion recorded at the end of 2015.
The total market capitalization is the cost of all shares of companies listed on the BEI.
Of the several stock exchanges in the world, with the exception of Thailand, only 1.31 percent were able to record positive growth this year.
Among the stock exchange indexes that have recorded negative performance are the Bursa Malaysia Index, Kospi Index of South Korea, the Philippines PSE Index, Britains FTSE 100, Indias S&P Sensex Index, US Dow Jones Index, Singapores Straight Times Index, Japans Nikkei 225, Hong Kongs Hang Seng Index, and Shanghai Index.
Sulistio revealed his plan to continue to adopt initiatives to attract more investors to invest in the Indonesian capital market.
He said the initiatives to be adopted by the BEI would be focused on four key areas encompassing BEIs development by increasing the number of issuers, strengthening the brokers, increasing the number of investors, and improving BEIs reputation.
"One of the initiatives that has been realized by the BEI this week is the reactivation of futures trading and the LQ-45 Futures Option on Monday (Feb. 1)," he added.(*)
Indonesia stock exchange registers highest index hike - ANTARA News
Chinese flock to Bali celebrating new year
Senin, 8 Februari 2016 18:28 WIB | 438 Views
Jakarta (ANTARA News) - Thousands of Chinese have flocked to Bali to cerebrate Chinese new year using chartered flights of a number of airlines including Garuda Indonesia
Tourism Minister Arief Yahya said here on Monday at least 65 chartered flights carrying 23,000 Chinese from 11 cities in China had landed on Bali.
"It seems Bali has become the favorite destination of Chinese tourists . More than 114 million Chinese travel abroad every year," Arief said.
Other airlines carrying Chinese to Bali on chartered flights include HongKong Airlines, Shenzen airlines, Air Asia, China Southern, China Eastern, Dragon Air, Cathay Paciific, Eva Air, Singapore Airlines, Brunai Air, etc.
Arief said the airlines could serve to promote Bali in China.
"They speak good things about Bali, its beauty and generosity of its people, " he said.
He attributed the success in luring Chinese to Bali to intensive advertising, and sales by a marketing team of the tourism ministry.
He said he had instructed the provision of 6,000 souvenirs for the tourists and facilities to entertain the visitors.
The tourism ministry has launched promotion campaigns to attract Chinese to cerebrate Chinese new year in Bali since early January.
"Winter in northern China including Beijing and the province of Heilongjiang is extreme 15 degree Celsius below zero prompting people from that region to leave for warm place and choose Bali to celebrate the new year," he said.
In 2016, the tourism ministry sets the target for foreign visitors to Bali at 1.7 million . In February alone the target is set at 200,000 visitors.
"China is a potential market , a big market. Therefore it needs special handling," Arief said.
Arief said currently only 1.14 million Chinese tourists visit Indonesia a year far smaller than 8 million to Thailand.
"We have been lagging too far behind . If they are so interested in visiting Thailand , they should be more so in Indonesia," he said, adding Indonesia needs only to intensify promotion.
Generally Chinese tourist like beach resorts and shopping, he said.(*)
Chinese flock to Bali celebrating new year - ANTARA News
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A farmer is to test rice trans-planter machine, the Mechanization and intensification efforts is on drive in Indonesia in line with the government efforts to raising output and much bigger yield in Farming.
Petani melakukan uji coba mesin penanam padi (transplanter) di areal persawahan di Blitar, Jawa Timur, Senin (8/2). Penggunaan mesin tanam padi di daerah tersebut tergolong baru dan diklaim lebih efisien dibanding cara bercocok tanam tradisional atau menggunakan tenaga manusia karena waktu pengerjaannya lebih cepat. (ANTARA FOTO/Destyan Sujarwoko)
the opening ceremony of apartment block for industrial labor in Semarang regency, central Java.
Menteri Pekerjaan Umum dan Perumahan Rakyat (PU-Pera) Basuki Hadimuljono (kanan), Menteri Badan Usaha Milik Negara (BUMN) Rini Soemarno (tengah), dan Direktur Utama PT Bank Tabungan Negara (Persero) Tbk Maryono (kiri) meninjau Rumah Susun Sederhana Sewa (Rusunawa) Gedang Anak yang baru diresmikan di Ungaran Timur, Kabupaten Semarang, Jawa Tengah, Minggu (7/2). Rusunawa dengan 170 unit kamar berkapasitas 472 warga tersebut termasuk di dalam program pemerintah, Sejuta Rumah Dalam Satu Tahun, ditujukan untuk masyarakat berpenghasilan rendah (MBR), khususnya kalangan buruh di Kabupaten Semarang. ANTARA FOTO/Aditya Pradana Putra/kye/16.
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Pengeseran Pemukiman Ibu KotaTiga pekerja membongkar rumah di kawasan padat penduduk Kebon Melati, Jakarta, Selasa (9/2). Warga di kawasan itu mulai menjual rumah mereka dan berpindah ke pinggiran Jakarta karena mulai terdesak dengan meningkatnya pembangunan gedung bertingkat di pusat kota. ANTARA FOTO/Wahyu Putro A/foc/16.
Pengeseran Pemukiman Ibu KotaTiga pekerja membongkar rumah di kawasan padat penduduk Kebon Melati, Jakarta, Selasa (9/2). Warga di kawasan itu mulai menjual rumah mereka dan berpindah ke pinggiran Jakarta karena mulai terdesak dengan meningkatnya pembangunan gedung bertingkat di pusat kota. ANTARA FOTO/Wahyu Putro A/foc/16.
Pengeseran Pemukiman Ibu KotaTiga pekerja membongkar rumah di kawasan padat penduduk Kebon Melati, Jakarta, Selasa (9/2). Warga di kawasan itu mulai menjual rumah mereka dan berpindah ke pinggiran Jakarta karena mulai terdesak dengan meningkatnya pembangunan gedung bertingkat di pusat kota. ANTARA FOTO/Wahyu Putro A/foc/16.
Pengeseran Pemukiman Ibu KotaSeorang pekerja membongkar rumah di kawasan padat penduduk Kebon Melati, Jakarta, Selasa (9/2). Warga di kawasan itu mulai menjual rumah mereka dan berpindah ke pinggiran Jakarta karena mulai terdesak dengan meningkatnya pembangunan gedung bertingkat di pusat kota. ANTARA FOTO/Wahyu Putro A/foc/16.
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Optimisme Target Pertumbuhan EkonomiPekerja menyelesaikan pengerjaan pembangunan gedung bertingkat di Jakarta, Jumat (5/2). Pemerintah melalui Menteri Keuangan Bambang Brodjonegoro menyatakan optimis terhadap target pertumbuhan ekonomi di Indonesia yang mencapai 5,3 persen dengan adanya penyerapan APBN yang lebih berkualitas. (ANTARA FOTO/Hafidz Mubarak A.)
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Indonesia says it's ready to open up its economy
Indonesia's president has unveiled plans for a "big bang" opening of his country's traditionally protectionist economy. Joko Widodo said restrictions on trade and foreign investment could be eased for nearly 50 sectors.
Widodo's plan would be the most drastic move undertaken by his administration to reinvigorate growth in Southeast Asia's largest economy, which has been expanding at its slowest pace in six years.
Widodo said in an interview with Reuters at his presidential palace on Wednesday that his proposal would foresee loosening rules for 49 sectors, including e-commerce, retail, healthcare and the movie industry.
"In my opinion, this is the big bang," Widodo said, while his trade minister, Tom Lembong, told Reuters that the shift to greater openness would get Indonesia ready to take part in free trade agreements such as the Trans-Pacific Partnership, or TPP.
Opening up Indonesia to more foreign trade and investment would be a big step as the country has a long history of protectionism and entrenchment. But so far, Widodo said he hadn't run into any opposition to his plans.
Those plans could include allowing foreign investors to take majority stakes in Indonesian companies. Currently, they're only allowed to have minority stakes.
The changes may also ring in an era in which foreign medical professionals are allowed to practice in Indonesian hospitals, clinics and laboratories, something they have been prohibited from doing.
"For me, competition is very important," Widodo, a former furniture salesman who went on to be the governor of Jakarta, told Reuters. "If we have already launched our deregulation, the bureaucracy and the system must follow the new rules."
cjc/hg (Reuters)
Indonesia says it′s ready to open up its economy | Business | DW.COM | 10.02.2016
Indonesia's president has unveiled plans for a "big bang" opening of his country's traditionally protectionist economy. Joko Widodo said restrictions on trade and foreign investment could be eased for nearly 50 sectors.
Widodo's plan would be the most drastic move undertaken by his administration to reinvigorate growth in Southeast Asia's largest economy, which has been expanding at its slowest pace in six years.
Widodo said in an interview with Reuters at his presidential palace on Wednesday that his proposal would foresee loosening rules for 49 sectors, including e-commerce, retail, healthcare and the movie industry.
"In my opinion, this is the big bang," Widodo said, while his trade minister, Tom Lembong, told Reuters that the shift to greater openness would get Indonesia ready to take part in free trade agreements such as the Trans-Pacific Partnership, or TPP.
Opening up Indonesia to more foreign trade and investment would be a big step as the country has a long history of protectionism and entrenchment. But so far, Widodo said he hadn't run into any opposition to his plans.
Those plans could include allowing foreign investors to take majority stakes in Indonesian companies. Currently, they're only allowed to have minority stakes.
The changes may also ring in an era in which foreign medical professionals are allowed to practice in Indonesian hospitals, clinics and laboratories, something they have been prohibited from doing.
"For me, competition is very important," Widodo, a former furniture salesman who went on to be the governor of Jakarta, told Reuters. "If we have already launched our deregulation, the bureaucracy and the system must follow the new rules."
cjc/hg (Reuters)
Indonesia says it′s ready to open up its economy | Business | DW.COM | 10.02.2016
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pr1v4t33r
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DBS toppled as Southeast Asia's largest bank
Bank Central Asia, controlled by Indonesia's second-richest person, Budi Hartono, overtook DBS Group Holdings this month as Southeast Asia's largest lender by value, with a market capitalization of US$24.5 billion (S$34.2 billion).
The Jakarta-based bank's shares have continued to rise this year as its Indonesia focus shields it from slowing growth in Greater China. DBS is Singapore's biggest bank.
DBS toppled as Southeast Asia's largest bank, Banking News & Top Stories - The Straits Times
Bank Central Asia, controlled by Indonesia's second-richest person, Budi Hartono, overtook DBS Group Holdings this month as Southeast Asia's largest lender by value, with a market capitalization of US$24.5 billion (S$34.2 billion).
The Jakarta-based bank's shares have continued to rise this year as its Indonesia focus shields it from slowing growth in Greater China. DBS is Singapore's biggest bank.
DBS toppled as Southeast Asia's largest bank, Banking News & Top Stories - The Straits Times
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pr1v4t33r
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Indonesia Lunch Dialogue, WEF Davos 2016
The Indonesia Lunch Dialog was held at the annual World Economic Forum Davos on 21 Jan 2016. This session involved an esteemed discussion panel that included Indonesia Trade Minister Tom Lembong, Indonesia Finance Minsiter Bambang Brodjonegoro, Bank Mandiri CEO Budi Sadikin, Lee Kuan Yew School of Public Policy Dean Professor Kishore Mahbubani, and Indonesia Chamber of Commerce (KADIN) Vice-Chairman Anindya Bakrie.
The Indonesia Lunch Dialog was held at the annual World Economic Forum Davos on 21 Jan 2016. This session involved an esteemed discussion panel that included Indonesia Trade Minister Tom Lembong, Indonesia Finance Minsiter Bambang Brodjonegoro, Bank Mandiri CEO Budi Sadikin, Lee Kuan Yew School of Public Policy Dean Professor Kishore Mahbubani, and Indonesia Chamber of Commerce (KADIN) Vice-Chairman Anindya Bakrie.
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Eight contracts signed for geothermal power and steam prices
Jumat, 12 Februari 2016 02:26 WIB | 585 Views
Nusa Dua, Bali (ANTARA News) - Eight sales and purchase contracts for geothermal power and steam were signed here on Thursday in the presence of Vice President Jusuf Kalla and Energy and Mineral Resources Minister Sudirman Said.
The signatories include President Director of PT Pertamina Geothermal Energy Irfan Zainuddin, President Director of PT PLN (Persero) Sofyan Basir, President Director of PT Indonesia Power Antonius Resep Tyas, President Director of PT Supreme Energy Muara Laboh Supramu Santosa, and President Director of Star Energy Geothermal Wayang Windu Ltd Rudy Suparman.
The agreement on amendment to the contracts included for the sales and purchase prices of geothermal steam of PLTP Kamojang in West Java from its units 1, 2, and 3.
Amendment to the contracts on the price of geothermal power include geothermal power from PLKTP Kamojang Unit 4 which has a capacity of 60 MW and from unit 5 which has a capacity of 35 MW.
Amendments were also made to contracts for sales and purchase price of geothermal steam from PLTP Lahendong
Units 1, 2, 3, and 4 in North Sulawesi each with a capacity of 20 MW , geothermal power from PLTP Muara Laboh with a capacity of 220 MW in West Java, and from PLTP Wayang Windu Unit 1 with a capacity of 110 MW and unit 2 with a capacity of 117 MW in West Java.
Meanwhile, PT Pertamina and the Center for the study and application of technology BPPT) signed an agreement on study and application of technology on geothermal energy.
The agreement was signed by Pertaminas Upstream Director Syamsu Alam and BPPT chief Unggul Priyanto.
PGE President Director Irfan Zainuddin said the amended prices of 6 U.S. cents per kWh of geothermal steam and 9.4 U.S. cent per kWh of geothermal power are fairly good.
"With those prices , we are optimistic , utilization of geothermal energy would increase rapidly and would significantly reduce emission of carbon dioxide," he said.
PGE predicted that the countrys geothermal power plants would have a total generating capacity of 922 MW in 2019, up to 2,300 MW in 2025, and to 2,700 MW in 2030.
Currently the total capacity is only 437 MW.
The government has set a target that renewable energy would make up 23 percent of the country energy consumption in 2025 up from only 7 percent at present.(*)
Eight contracts signed for geothermal power and steam prices - ANTARA News
Jumat, 12 Februari 2016 02:26 WIB | 585 Views
Nusa Dua, Bali (ANTARA News) - Eight sales and purchase contracts for geothermal power and steam were signed here on Thursday in the presence of Vice President Jusuf Kalla and Energy and Mineral Resources Minister Sudirman Said.
The signatories include President Director of PT Pertamina Geothermal Energy Irfan Zainuddin, President Director of PT PLN (Persero) Sofyan Basir, President Director of PT Indonesia Power Antonius Resep Tyas, President Director of PT Supreme Energy Muara Laboh Supramu Santosa, and President Director of Star Energy Geothermal Wayang Windu Ltd Rudy Suparman.
The agreement on amendment to the contracts included for the sales and purchase prices of geothermal steam of PLTP Kamojang in West Java from its units 1, 2, and 3.
Amendment to the contracts on the price of geothermal power include geothermal power from PLKTP Kamojang Unit 4 which has a capacity of 60 MW and from unit 5 which has a capacity of 35 MW.
Amendments were also made to contracts for sales and purchase price of geothermal steam from PLTP Lahendong
Units 1, 2, 3, and 4 in North Sulawesi each with a capacity of 20 MW , geothermal power from PLTP Muara Laboh with a capacity of 220 MW in West Java, and from PLTP Wayang Windu Unit 1 with a capacity of 110 MW and unit 2 with a capacity of 117 MW in West Java.
Meanwhile, PT Pertamina and the Center for the study and application of technology BPPT) signed an agreement on study and application of technology on geothermal energy.
The agreement was signed by Pertaminas Upstream Director Syamsu Alam and BPPT chief Unggul Priyanto.
PGE President Director Irfan Zainuddin said the amended prices of 6 U.S. cents per kWh of geothermal steam and 9.4 U.S. cent per kWh of geothermal power are fairly good.
"With those prices , we are optimistic , utilization of geothermal energy would increase rapidly and would significantly reduce emission of carbon dioxide," he said.
PGE predicted that the countrys geothermal power plants would have a total generating capacity of 922 MW in 2019, up to 2,300 MW in 2025, and to 2,700 MW in 2030.
Currently the total capacity is only 437 MW.
The government has set a target that renewable energy would make up 23 percent of the country energy consumption in 2025 up from only 7 percent at present.(*)
Eight contracts signed for geothermal power and steam prices - ANTARA News
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Pembangunan LRT Masuki Tahap Pengecoran TiangPengendara melintas didekat pembangunan proyek kereta api ringan / Light Rail Transit (LRT) di Jalan Gubernur Asnawi Mangku Alam Palembang, Sumatera Selatan, Jumat (12/2). Pembangunan LRT sepanjang 24 km dari Bandara SMB II sampai ke kawasan Jakabaring telah memasuki tahapan pengecoran tiang dan pengerjaannya terus dikebut agar selesai pada awal tahun 2018 untuk mendukung pelaksanaan Asian Games 2018. ANTARA FOTO/Nova Wahyudi/foc/16.
Pembangunan LRT Masuki Tahap Pengecoran TiangAlat berat memindahkan tanah di area proyek pembangunan proyek kereta api ringan / Light Rail Transit (LRT) di Jalan Kol H Barlian KM 6,5 Palembang, Sumatera Selatan, Jumat (12/2). Pembangunan LRT sepanjang 24 km dari Bandara SMB II sampai ke kawasan Jakabaring telah memasuki tahapan pengecoran tiang dan pengerjaannya terus dikebut agar selesai pada awal tahun 2018 untuk mendukung pelaksanaan Asian Games 2018. ANTARA FOTO/Nova Wahyudi/foc/16.
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