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Indonesia Economy Forum

Discussion in 'China & Far East' started by Pirupiru, Jul 26, 2012.

  1. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Joey Alexander Performs Piano Prodigy - Grammy Awards 2016
     
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  2. MarveL

    MarveL FULL MEMBER

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  3. MarveL

    MarveL FULL MEMBER

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  4. MarveL

    MarveL FULL MEMBER

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    Railway for Container Yard Tanjung Priok Seaport - nearly finish.

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    Railway for Container Yard Tanjung Priok Seaport - crossing view from above
     
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  5. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    TV One mulai merapat :D

     
  6. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    bandara-komodo-1.jpg

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  7. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Tradisi baru, kepala daerah terpilih hasil pilkada langsung dilantik oleh presiden secara serentak di Istana Merdeka & Istana Negara

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  8. Marine Rouge

    Marine Rouge ELITE MEMBER

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    Road construction in Papua costs Rp15 billion per kilometer
    Rabu, 17 Februari 2016 10:26 WIB | 477 Views

    Jayapura, Papua (ANTARA News) - Road construction in interior areas in Papua cost up to Rp15 billion per kilometer, an provincial official said.

    The cost is especially expensive as there is no access road to the interior areas, the Papua National Road Office Oesman Marbun said.

    "All provisions and equipment have to be carried by air to the project locations. Heavy equipment have to be dismantled before being loaded into helicopter," Oesman said here on Wednesday.

    He said the government has been committed to bringing modernity to the interior areas by building road despite the difficult terrain.

    Economic development has been lagging far behind in Papua partly because of the high cost of building infrastructure especially road to link the many small village scattered in the mountainous region.

    President Joko Widodo has pledged acceleration of development of Papua during his repeated visits to the countrys easternmost region.

    So far highways available in Papua are only those linking Nabire-Wagete-Enarotali, Waropko -Tanah Merah-Merauke and Wamena-Tolikara-Puncak-Puncak Jaya, Oesman Marbun said.

    Security problem also hampers development in Papua with separatists still hiding in the jungles waiting for opportunity to create trouble.(*)Road construction in Papua costs Rp15 billion per kilometer - ANTARA News

    Crumb rubber industry open to foreign investment
    Rabu, 17 Februari 2016 09:00 WIB | 501 Views

    Jakarta (ANTARA News) - Crumb rubber industry is open to 100 percent foreign investment after the revision of the Investment Negative List (DNI) announced last Thursday, Industry Minister Saleh Husin said.

    "We have opened the crumb rubber industry to all those who want to invest in this sector, be these domestic or foreign companies. We want this industry to absorb as much investment as possible," the minister said here on Tuesday.

    The problem is that the crumb rubber factories in Indonesia could not absorb the abundant rubber supplies at home.

    He said the supply of raw rubber in the domestic market has reached some three million tons per annum while domestic crumb rubber businesses has been only able to absorb some 700 thousand tons per annum.

    The low utilization of raw rubber caused rubber prices to drop below the price of rice. As a result, farmers were reluctant to rejuvenate their rubber plantations, this making raw rubber supplies hard to come by.

    "A number of companies face difficulties in obtaining raw rubber," noted Saleh.

    For this purpose, Minister Saleh said, the government has now opened crumb rubber sector to foreign and domestic investment, with the aim to jack up prices.

    As a result, he said, farmers will again be optimistic and will replant rubber trees and tap them to meet the national crumb rubber industrys need for rubber.

    "We want welfare of rubber farmers. As of now, they had stopped tapping their rubber trees. The sector cannot be allowed to be run only by a handful of businesses," said Saleh.

    The government has revised the DNI list, taking out 35 economic sectors from its purview and opening these to 100 percent foreign investment. These sectors included crumb rubber; cold storage; tourism businesses such as restaurants, cocktail lounges, cafes, recreation centers, arts and entertainment; sports centers; and film industry.

    The Indonesian Rubber Producers Association (Gapkindo) has said that rubber industry in the upstream sector, such as crumb rubber business, should remain confined only to national or domestic industry as the country now has 140 factories.

    Currently, the existing rubber factories in the upstream areas could not operate to their full capacity and could not employ workers optimally. "With this revision in the DNI, opening it to new investment (in the upstream sector to foreign investors) will kill the existing industry," Moenardji Soedargo said in Jakarta on Monday.

    Chairman of the Indonesian Rubber Business Council, Aziz Pane said the removal of the crumb rubber sector from the DNI will allow foreign investors to freely make new investment in the upstream rubber industry by establishing new factories or acquiring existing ones.

    Pane said this can lead to a situation where the price of farmers rubber produce will be determined by big oligopolistic companies.

    The regional oligopolistic market will damage the cause of good cooperation order and result in farmers suffering losses. There are fears that it may lead to farmers shifting from rubber to more advantageous plants.

    "Many farmers have cut down their rubber trees because the rubber price level no longer promises benefit. The situation can prove to be dangerous since Indonesia is known as a rubber producer country," Pane said.(*)
    Crumb rubber industry open to foreign investment - ANTARA News

    Government restores industry`s role as engine of economic growth
    Selasa, 16 Februari 2016 17:36 WIB | 766 Views

    Jakarta (ANTARA News) - The government is focused on restoring the industrys role as the engine of Indonesias economic growth, Coordinating Minister for Economic Affairs Darmin Nasution stated.

    "The government should boost the industrial sector as it earns foreign exchange through exports," Nasution noted here on Tuesday.

    The minister remarked that the industrial sector could absorb the labor force.

    Nasution explained that there were three important characteristics of the industry. Firstly, the industry can absorb the workers in the labor-intensive, capital-intensive, knowledge-based, and high technology industries.

    Secondly, the industry has high productivity, and thirdly, it can produce and meet the needs of other sectors.

    The minister affirmed that the governments policy package had mobilized and restored the national industry.

    "In fact, we design developments in the industrial area with investor-friendly facilities, including logistics areas and special economic zones," he pointed out.

    Since the 1970s, the industrial sector had established the foundation for industrial and economic development of the society. At that time, the government had focused on import substitution.

    "At that time, we built the industrial sector as the backbone of our economic development," the minister emphasized.

    Until the 1980s, import substitution began to slow down. As a result, the government made a massive change in the policy.

    In 1998-1999, a major crisis in Asia shook the industrial sector.

    "Until now, we must acknowledge that the industrial sector has never fully recovered," Nasution emphasized.

    Earlier, the government had released the tenth economic policy package aimed at boosting investment and protecting small and medium enterprises as well as cooperatives.

    The government has increased 19 reserved business sectors for small and medium enterprises and cooperatives in the revision of Presidential Decree (Perpres) No. 39 in 2014 on List of Business Fields Closed and Business Fields Open with Conditions to Investment in the investment sector (Investment Negative List/DNI).

    "The nineteen sectors comprise the activities of various business services and construction that use simple or medium technology and are valued at Rp10 billion," Nasution stated.

    "In the previous DNI, foreign investors were required to have some 55 percent ownership in business areas such as pre-design and consulting services, architectural design services, and administrative services, and so on," the minister pointed out.

    The government expanded the value of 39 reserved businesses in the SME sector from Rp1 billion to Rp50 billion.

    The activities encompassed the type of construction service business, such as construction work for commercial buildings, health facilities, and others.

    In addition, the government has simplified the business field as part of its efforts to expand the business activities of SMEs, the minister remarked.

    Nineteen business services/construction were merged to form one type of business, the minister cited.

    "Therefore, the reserved business sector for small and medium enterprises and cooperatives has been narrowed down to include 92 business fields," the minister stated.(*)

    Government restores industry`s role as engine of economic growth - ANTARA News
     
  9. MarveL

    MarveL FULL MEMBER

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    THURSDAY, 18 FEBRUARY, 2016 | 09:32 WIB
    Jokowi Meets with Facebook CEO in Silicon Valley

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    TEMPO.CO
    , Silicon Valley - President Joko “Jokowi” Widodo during his meeting with Facebook founder and CEO Mark Zuckerberg in Silicon Valley, San Francisco, spoke highly about Facebook’s contribution to Indonesia’s economic and digital culture development.

    “I hope Facebook can help Indonesia to realize her vision as the largest digital economy in Southeast Asia worth US$130 billion by 2020,” Jokowi said at Facebook’s office on Wednesday, February 17, 2016.

    Since the rise of Indonesia’s digital economy was triggered by small and medium enterprises development, Indonesia has prepared a mid-term action plan focusing on providing digital access for SMEs.

    The government has made a number of polices to boost the growth of technopreneurs and investments in the IT industry, as well as access to financing for SMEs. Jokowi added that the Indonesian government would also make policies that support innovations, including a program to nurture 1,000 technopreneurs and provide protections for startup companies.

    “I also hope that Facebook will support Indonesia to empower the digital economy for SMEs,” Jokowi said in a press release sent by the Presidential Communication Team.

    During the visit, Jokowi observed Facebook’s working space, had dialogues with employees from Indonesia and observed the demo location of the Oculus Virtual Reality.

    Jokowi Meets with Facebook CEO in Silicon Valley | World | Tempo.Co :: Indonesian News Portal

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    President Joko Widodo (Jokowi) affixing messages and signatures on the wall during a visit to the offices of Facebook in Silicon Valley, San Francisco, USA, February 17, 2016. Jokowi also asked Facebook to encourage the spread of the message of tolerance, moderation, and peace. Team DG Amerop / Feby

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    The President also took time to meet with 17 Facebook employees from Indonesia.

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    On arrival at the office of the internet search giant, Jokowi greeted by the CEO of Google, Sundar Pichai who was wearing a black and white batik to welcome the number one man in Indonesia.


     
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  10. Marine Rouge

    Marine Rouge ELITE MEMBER

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    Electrical power sales in January up 7.54 percent
    Kamis, 18 Februari 2016 10:11 WIB | 356 Views

    Jakarta (ANTARA News) - State electricity company PT Perusahaan Listrik Negara (PLN) saw its electrical power sale growing 7.54 percent in January 2016, compared to the same month last year.

    The growth is relatively high as power sales never grew by more than 3.7 percent during 2015, acting chief of the companys corporate communication unit Agung Murdifi said here on Wednesday.

    "Total electrical power sales in January 2016 reached 17.57 TWh (Terra Watt hour), while these stood at only 16.34 TWh in January 2015," he said.

    He said power sales to industrial subscribers grew by 2.28 percent in January 2016. Till December 2015, these were recorded at minus 4.31 percent.

    Electrical power consumption by large scale industries (I4) grew by 6.21 percent to 1.2 TWh in January 2016, compared to minus 0.28 percent in the same month last year, he said.

    The large-scale industries include textile, tire, cement, steel, electronic, synthetic fiber and chemical industries.

    Power sales to the I4 group increased as electricity tariffs fell 4.1 percent in January 2016 compared to the same month last year, he said.

    He said power sales the group of medium-scale industries (I3) also increased in January 2016 after it fell 6.5 percent in January 2015.

    The other factor responsible for the increase in power sales to industrial subscribers is the third tranche of economic policy package issued in October 2015 that included promotion program outside load factor time, namely 11.00 p.m. to 08.00 a.m.(*)

    Electrical power sales in January up 7.54 percent - ANTARA News

    Garuda makes net profit of US$77/97 million
    Kamis, 18 Februari 2016 10:09 WIB | 318 Views

    Jakarta (ANTARA News) - PT Garuda Indonesia Tbk (GIAA) booked a net profit of US$77.97 million as its current earnings in 2015, compared to losses it accrued the previous year.

    In its financial report to the Stock Exchange (BEI) here on Wednesday, the state-owned aviation company stated the companys business earnings in the 2015 accounting year reached US$3.814 billion, down by about 3.01 percent from US$3.933 the year before.

    The companys operating expenses in 2015 were recorded as having plunged to US$3.731 billion, compared to US$4.292 billion the year before.

    Garudas assets in the 2015 accounting year rose by around 6.32 percent from US$3.113 billion the year before.

    The companys president director, Arif Wibowo, said earlier that as part of its efforts to maintain its performance, the company would continue to strive to increase the value of its subsidiaries as a group or individually.

    "We have other forces besides Garuda Indonesia as the core airline business. Its Citilink is part of the strategy to dominate domestic as well as regional markets and so the company must expand internationally," he said.

    He said all subsidiaries of PT Garuda Indonesia booked profits, including PT Citilink Indonesia, PT Aero Wisata and PT Gapura Angkasa.

    "That is an indication for the market that we continue to improve," he said.(*)
    Garuda makes net profit of US$77/97 million - ANTARA News
     
  11. CountStrike

    CountStrike FULL MEMBER

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    ATR sees bright prospects
    in Indonesian aviation
    industry

    Farida Susanty, The Jakarta Post, Singapore | Business | Thu, February 18 2016, 7:59 AM


    Business News
    French-Italian turboprop manufacturer ATR will continue to push regional flights in Indonesia, which it calls a “number one country partner”, pointing to the potential that lies in the country’s staggering number of airlines and aircraft backlog.

    ATR CEO Patrick de Castelbajac said 65 aircraft from the company were underway to be delivered to its biggest customer worldwide, low-cost carrier Lion Air Group, and national flag carrier Garuda Indonesia, with a backlog of 260 aircraft still to be delivered from 2015.

    “I think aviation is one of the keys to growth in the country,” de Castelbajac told a press briefing recently.

    At least 10 Indonesian airlines use ATR aircraft, which are used on 70 percent of the country’s total routes.

    “Growth in terms of people traveling has also been increasing,” he said.

    The number of passengers on international flights to and from Indonesia rose to 1.3 million in December 2015, up 30.6 percent from November, outpacing the growth in domestic flight traffic, which increased by 15.16 percent to 6.8 million passengers, according to the latest data from the Central Statistics Agency (BPS).

    The Indonesian Air Carriers Association (INACA) predicts passenger numbers for scheduled airlines to grow by 10 to 15 percent this year.

    ATR believes the less than 100-seat turboprop aircraft fits well with the country’s geography, where people need to move from one island to another, boosting demand for regional flights.

    Castelbajac said he still had faith in the Asian-Pacific market, particularly Southeast Asia, based on encouraging traffic growth.

    International traffic at Asian-Pacific carriers grew 7.9 percent to 276.3 million passengers in 2015, according to the Association of Asia Pacific Airlines (AAPA), higher than growth of 4.9 percent recorded in 2014.

    ATR’s presence in the Asia-Pacific has grown 80 percent since 2010, according to the company’s data, with the region’s combined ATR fleet of 370 aircraft surpassing even that in the company’s home base Europe.

    ATR acknowledged the overall economic slowdown that hit Southeast Asian countries, but saw the region as still booking high growth compared to global peers.

    “There are more and more people flying, as many countries here are growing fast,” Castelbajac said.

    Indonesia itself saw economic growth slow to a six-year low of 4.8 percent last year, still handily beating developed nations’ growth of zero to two percent.

    Lion Air Group general director Edward Sirait said ATR aircraft would be needed for the country’s further flight growth.

    “Because the airports developed by the Transportation Ministry fit that kind of aircraft characteristic, and because our market is of the commuter kind, not long haul,” he added.

    Edward cited as examples flights from Makassar in South Sulawesi to Wakatobi in Southeast Sulawesi and from Denpasar in Bali to Lombok in West Nusa Tenggara.

    He said that with the upcoming ATR shipment, the airline would try to open new domestic routes with the additional 14 aircraft for the company’s subsidiary Wings Air and another 14 for full-service airline Batik Air, pending approval from the Transportation Ministry.

    The Transportation Ministry is slated to open 230 new flight routes to remote areas and establish new airports in 11 locations this year, according to state budget plans.

    The ministry has said in the past it aims to develop 100 airports to accommodate jet aircraft by 2019.

    - See more at: ATR sees bright prospects in Indonesian aviation industry | The Jakarta Post

    Ilham Habibie Asks for Guaranty of Aircraft Production Regulation
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    TEMPO.CO, Changi-Commissioner of PT Regio Aviasi Industri (RAI) who is also son of BJ Habibie, Ilham Habibie said local aircraft producers need guaranty on regulation in the form of law (Undang-Undang) which will be stronger than any other regulations like presidential regulation or ministerial decree. He said RAI will need more of such regulation in the development of R80 aircraft besides financial support.

    "President Joko Widodo has stated his support on his letter to RAI in October, only the detail hasn’t clear yet," Ilham said at the Singapore Airshow, February 16, 2016.

    PT RAI hopes government will guarantee the application on tax for spare parts the company must buy by importing them as one of the guaranties. Ilham said the current tax regulation will be burden for aircraft companies as it increases production cost which will also affect the price of the aircraft. "Our aircraft will not be competitive in price," he said. R80 is expected to be a high-tech aircraft with fly by wire technology or will be controlled electronically and it will also be fuel economy since it uses air-screw propeller or turboprop. This plane is also claimed to defeat its competitor ATR 72 owned by Italy-France consortium which has smaller size with maximum capacity of only 72 passengers. As many as 70 local engineers involved in the production of the aircraft whose cost reaches US$700 per-unit. RAI will produce 200 units of R80 and 145 units of them have been booked by three companies; AirNam 100 units, Kalstar Asia 25 units, and Trigana Air 20 units. "The price is US$22-25 billion," Ilham said.

    FRANSISCO ROSARIANS
     
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  12. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Pidato Lengkap Presiden Jokowi 800 Masyarakat Diaspora Indonesia di San Fransisco 16 February 2016

     
  13. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Joko Widodo says "'Hasta la vista, baby'" to old economic restrictions

    Indonesian President Joko Widodo has announced plans to open his country’s economy to foreign investment, the latest step in his initiative to liberalize the island nation.

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    Addressing an audience of American executives at an Association of Southeast Asian Nations (ASEAN) trade conference in San Francisco Wednesday, Widodo said that he would say “‘Hasta la vista, baby'” to old restrictions that have kept Indonesia’s economy — Southeast Asia’s largest — inaccessible to foreign firms and actors, Reuters reported.

    He said he was no longer satisfied with the economic strategy he announced last week — a plan that would open 30 subsectors of the Indonesian economy, including the film and restaurant industries, and allow foreign investors to hold majority stakes in the healthcare, telecommunications and other sectors. He also said that the country’s economic performance is beating expectations, with a stable rupiah currency and stock indices that avoided the rout suffered by U.S. and Chinese markets in recent months.

    “Please understand that we are still only at the beginning,” Widodo said. “We will still continue to simplify, continue to open up, continue to modernize our rules and regulations.”

    Widodo was among a cohort of Asian leaders recently in the U.S. for a ten-country ASEAN summit in Rancho Mirage, Calif.

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    While in California, Widodo paid his respects to the tech stalwarts of Silicon Valley. Facebook’s Mark Zuckerberg, Twitter’s Jack Dorsey, and Google’s Sundar Pichai all posted on social media to note their meetings with the President and his wife.

    Indonesian President to Open Country to Foreign Investment
     
    Last edited: Feb 18, 2016
  14. MarveL

    MarveL FULL MEMBER

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    President Jokowi played zero-gravity VR ping pong with Mark Zuckerberg


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    A member of the Ramayana Ballet. Yogyakarta in Indonesia has become a vibrant center of art, dance and puppet theater. Ramayana Ballet at Prambanan Temple site, nine miles north of Yogyakarta;amazingramayanaballet.com. Outdoors during the dry season, usually from May to October.


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    British driver Will Stevens has been dropped by Manor for the 2016 season and replaced by Indonesian Rio Haryanto.

    Rio Haryanto joins Manor to become Indonesia’s first F1 driver

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    Rio Haryanto will make his F1 debut for Manor Racing in Australia when the season starts on 20 March. Photograph: Splash News/Corbis

    Rio Haryanto will become Indonesia’s first Formula One driver after signing a deal with Manor Racing.

    The 23-year-old will make his F1 debut at the Australian Grand Prix on 20 March after testing in Barcelona next week. Haryanto replaced the Briton Will Stevens, who failed to score a point in 18 starts last year.

    “Manor Racing is a team with an exciting vision and ambitious plans,” Haryanto said. “They have produced a great package and I can’t wait to get in the car. Melbourne will be a huge moment for me, my country, supporters and fans and I want to thank everyone who’s been with me since I started in single seaters; 2016 is my chance to reward that faith and represent Asia in F1.”

    Haryanto will join the German rookie Pascal Wehrlein, a former Mercedes reserve driver, at Manor.

    “We are delighted to announce Rio as our second race driver for 2016,” said Stephen Fitzpatrick, Manor Racing’s owner. “Rio’s been racing since he first got into a kart at six years old. He’s tenacious on and off the track and made a big impression on last year’s GP2 battle.

    “Rio’s huge following in Indonesia is great for the team and for F1. They are keen to see him on the grid and we’re confident that we’ll see him enjoying some exciting battles in the year ahead.”

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    Rio Haryanto joins Manor to become Indonesia’s first F1 driver | Sport | The Guardian
     
    Last edited: Feb 18, 2016
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  15. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Jababeka Signs $39m Deal for 12 Airbus Helicopters to Beat Cikarang Traffic

    Listed Indonesian property developer Jababeka announced on Friday (19/02) that it will acquire 12 H130 light single-engine wide-body helicopters from the Airbus Group to provide a shuttle service between Jakarta and the Cikarang industrial district in Bekasi, West Java.

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    The order is estimated to be worth around $39.6 million in total, based on the helicopter model's listed price, but companies and airlines often get discounts from manufacturers for bulk orders.

    Although Cikarang is located just 25 kilometers east of Jakarta, frequent traffic jams regularly turn this relatively short journey into a drive of up to three or four hours, Setyono Djuanda Darmono, Jababeka founder and chairman, said in a statement.

    "This helicopter shuttle service is long overdue for Cikarang. Our tenants will never want anything less after experiencing the service," Setyono said.

    Jababeka Signs $39m Deal for 12 Airbus Helicopters to Beat Cikarang Traffic | Jakarta Globe

    Horang kaya... jemputannya helikopter :)