Indonesia Economy Forum

[Nike]

Investment by IORA member countries up 13.4%: BKPM
Senin, 6 Maret 2017 19:41 WIB - 0 Views

Thomas Trikasih Lembong. (ANTARA/Widodo S. Jusuf)

Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) said investment by countries grouped in the Indian Ocean Rim Association (IORA) in Indonesia has increased 13.4 percent on the average in the past five years.

BKPM chief Thomas Trikasih Lembong said here on Monday the growing trend of investment in the 2012-2016 indicated expansion of South-South economic cooperation.

"So far generally investment fund flowed from rich countries to developing economies, but expansion of service and financial services have driven investment cooperation among developing countries," Thomas said.

BKPM has recorded a positive trend of investment by other IORA member countries in Indonesia.

In 2016, investment by other IORA countries accounted for 21.6 percent or US$11.67 billion of total foreign investment in Indonesia, up from US$9.5 billion in the previous year.

Five largest contributors to the IORA investment were Singapura, Malaysia, Mauiritius, Australia and Thailand, Thomas said.

"We expect IORA countries would increase investment cooperation among them to strengthen South-South economic cooperation," he said.

He said IORA became important with the growing participation of developing nations.

The 21 member countries of IORA will hold a summit meeting here on Tuesday preceded by senior official meeting on Sunday and foreign ministerial meeting on Monday.

The 21 member countries of IORA include Australia, Bangladesh, Comoros, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Seychelles, Singapore, Somalia, South Africa , Srilanka, Tanzania, Thailand, United Arab Emirates and Yemen.

Indonesia is the chairman for the period of 2015-2017.

IORA is the largest forum of cooperation in the Indian Ocean rim established in 1997, but it is for the first time the association plans to hold a summit meeting here after 20 years.

Trade between IORA member countries in 2015 was valued at US$777 billion or a 300 percent increase from US$233 billion in 1994.

The three-day IORA meeting uses the theme of "Strengthening Maritime Cooperation for Peaceful, Stable and Prosperous Indian Ocean" to start in Jakarta on March.

IORA has six dialog partners including the United States, China, Britain, Japan, Egypt and France.
(Uu.H-ASG/A01)
Editor: Priyambodo RH

COPYRIGHT © ANTARA 2017

 

[Nike]

Government commits to building energy infrastructure in Papua
Senin, 6 Maret 2017 20:40 WIB - 0 Views

Jakarta (ANTARA News) - The Indonesian government has committed to building energy infrastructure in the provinces of Papua and West Papua to ensure equitable development across Indonesias regions.

Energy and Mineral Resources Minister Ignasius Jonan stated in a press release received by ANTARA here on Monday that infrastructure development covered the oil and gas, electricity, and renewable energy sectors.

"The governments policy and program of energy infrastructure focuses on equitable development in the eastern region of Indonesia, so that goods can be purchased at affordable prices (due to reduction in the distribution chain)," he explained.

According to Jonan, the governments program of a one-price policy in the oil and gas sector will reach 33 districts in the provinces of Papua and West Papua through the development of oil and diesel fuel agents by 2019.

"Currently, the one-price policy program has been implemented in seven districts, so that the fuel price in the provinces of Papua and West Papua will be the same as that in Java Island," he remarked.

In addition to the one-price policy, the government has planned to build gas networks to connect 11,500 households by 2018 in two locations.

For the electricity sector, Jonan said the government has planned to build a 514-megawatt power plant, which is expected to be completed by 2019.

"In addition, the rural electrification program is being continually implemented to reach 186 thousand customers by 2019," he stated.

The government will also distribute packages of energy-saving lamps in the regions of Papua and West Papua where each household will receive four lamp packages.

"The packages of energy-saving lamps are a breakthrough program to ensure equitable access to electricity," he remarked.

To develop renewable energy during the 2012-2017 period, the government has built 54 renewable energy plants and installed 390 public street lights that use solar energy, among others.

"There are solar, hydro, and micro hydropower plants, among others. We have already recorded all the recipients of electricity supply by checking their names and addresses in Papua," he noted.

He also said his side had emphasized that 60-70 percent of the budget should be utilized to fund programs that can directly benefit the people in a bid to improve their welfare.(*)
Editor: Heru

COPYRIGHT © ANTARA 2017

http://m.antaranews.com/en/news/109775/government-commits-to-building-energy-infrastructure-in-papua

 

[Nike]

Cadangan devisa Indonesia tembus 119,9 miliar dolar
Selasa, 7 Maret 2017 19:21 WIB - 1.129 Views

Pewarta: Indra Arief Pribadi

Bank Indonesia (BI) (ANTARA FOTO/Sigid Kurniawan)

Jakarta (ANTARA News) - Jumlah cadangan devisa bertambah tiga miliar dolar AS menjadi 119,9 miliar dolar AS hingga akhir Februari 2017, salah satu peyebabnya karena terjaganya stabilitas kurs rupiah terhadap mata uang asing sehingga operasi moneter tidak terlalu menyerap cadangan valuta asing.

"Sejak 2016 volatilitas kurs membaik signifikan sampai awal tahun ini, sampai hari ini secara tahun berjalan volatilitas kurs juga sangat terkontrol," kata Deputi Direktur Kebijakan Ekonomi dan Moneter BI Riza Tyas di Jakarta, Selasa.

Secara terpisah, dalam keterangan resminya, BI juga menyebutkan penambahan devisa dipengaruhi faktor penerimaan pajak dan devisa ekspor migas bagian pemerintah, penarikan pinjaman luar negeri pemerintah, serta hasil lelang Surat Berharga Bank Indonesia (SBBI) valas.

Posisi cadangan devisa per akhir Februari 2017 tersebut cukup untuk membiayai 8,9 bulan impor atau 8,5 bulan impor dan pembayaran utang luar negeri pemerintah, serta berada di atas standar kecukupan internasional sekitar 3 bulan impor, kata Direktur Eksekutif Departemen Komunikasi BI Tirta Segara.

"Bank Indonesia menilai cadangan devisa tersebut mampu mendukung ketahanan sektor eksternal dan menjaga kesinambungan pertumbuhan ekonomi Indonesia ke depan," kata Tirta.



Editor: Ruslan Burhani

COPYRIGHT © ANTARA 2017

http://m.antaranews.com/berita/616582/cadangan-devisa-indonesia-tembus-1199-miliar-dolar

 

[Nike]

Railway operator needs capital injection to invest in LRT

• Fedina S. Sundaryani
  The Jakarta Post
• Jakarta | Mon, March 6, 2017 | 04:15 pm

Workers continue the LRT project in Makasar subdistrict, East Jakarta, on Feb. 7. (JP/P.J.LEO)
The government intends to propose to the House of Representatives a state capital injection (PMN) for state-owned railway operator PT Kereta Api Indonesia (KAI), to help the company invest in the ongoing light rail transit (LRT) project in Greater Jakarta.

“If the proposal is approved, then we will disburse the PMN [to PT KAI]. It is still in the finalization process,” State-Owned Enterprises Minister Rini Soemarno said on Monday.

The Rp 23.3 trillion (US$1.7 billion) LRT project, which is expected to be completed in 2018, has hit a wall because of a tight budget. It is part of infrastructure expected to facilitate sportspeople and spectators moving from one venue to another during the upcoming Asian Games.

(Read also: Government to decide on LRT financing scheme on Friday)

The government previously appointed state construction firm PT Adhi Karya to build the LRT, a national strategic project. It planned to use the state budget to finance the project, but lost funding capacity after recent state budget cuts.

Rini said if the House did not approve the PMN, a loan may have to be taken out. (bbn)

http://www.thejakartapost.com/news/...needs-capital-injection-to-invest-in-lrt.html

 

[skyhigh88]

Hyperloop begins feasibility study in Indonesia
Nadine Freischlad
8:39 PM at Mar 7, 2017

A Hyperloop concept visualization. Photo credit: Hyperloop Transportation Technologies.

Hyperloop Transportation Technologies (HTT), one of the entities developing a type of futuristic vacuum-tube based transportation system, says it’s conducting a US$2.5 million feasibility study for three possible routes in Indonesia.

HTT has also signed a joint venture agreement with Indonesian partners, forming Hyperloop Transtek Indonesia, its COO Bibop Gresta told Tech in Asia at the sidelines of a conference in Jakarta today.

Bibop Gresta, who co-founded Hyperloop Transportation Technologies together with Dirk Ahlborn. Photo credit: Hyperloop Transportation Technologies.

The company will map out how it could develop Hyperloop systems on three routes in Indonesia: one in North Sumatra, one connecting airports across the Island of Java, and the third connecting Jakarta with satellite town Tangerang.

Unbelievable reality
It will produce more energy than it needs.

The Hyperloop is basically a long tube which is depressurized to the point of near vacuum. Inside, passenger-carrying capsules float due to magnetic levitation. Of course, it could also be used to transport goods. The near frictionless propulsion makes the Hyperloop energy efficient.

Integrated solar panels would even make it “energy positive,” according to Bibop. HTT’s version of the Hyperloop will produce more energy than it needs, making it possible to monetize the transportation system through means other than passenger fares -for example by selling off excess electricity,Bibop believes.

The Hyperloop concept was first put forward by Tesla and SpaceX founder Elon Musk in 2013.

In a public paper, Musk sketched out the basic technological requirements and invited other entrepreneurs to commercialize the idea.

It’s largely agreed that the Hyperloop’s core technologies make sense, but it’s still up for debate whether it can be made to work at scale and at realistic costs.

Battle for Abu Dhabi

The battle for who can first build a commercial Hyperloop track takes place mainly between HTT and rival Hyperloop One, which is also US-based.

Both entities are trying to win partners and contracts across the globe. Each operates research tracks and test sites to varying degrees of scale.

HTT stands out in that it’s also structurally innovative. It employs a core team of about 35 people and works with a crowd of volunteers – 800 people at this point, Bibop says. There’s a scheme for how volunteers are compensated in stock options for the work hours they contribute.

All this makes HTT’s Hyperloop implementation sound utopian – concerns which Bibop acknowledges but shrugs off with an “unusual ideas require unusual solutions” attitude.

A possible first location for a commercial implementation could be the United Arab Emirates. Hyperloop One suggested a track connecting Abu Dhabi with Dubai, while HTT wants to link Abu Dhabi and Al Ain.

Before coming to Indonesia, the HTT team met with government officials in India. According to Bibop, the firm has negotiated agreements in a number of countries, including France, Slovakia, and Czech Republic.

Editing by Osman Husain and Judith Balea
(And yes, we’re serious about ethics and transparency. More information here.)
Filed under: GreenTech, News, Transportation

https://www.techinasia.com/hyperloop-sets-up-company-with-indonesian-partner

 

[Nike]

Govt speeds up development in Papua
Senin, 6 Maret 2017 19:19 WIB - 0 Views

Minister Rudiantara. (ANTARA/Puspa Perwitasari)

Jakarta (ANTARA News) - The government of Indonesia will continue to speed up the development in Papua and West Papua provinces, according to Communication and Informatics Minister Rudiantara.

"Hence, the public will realize that the government is serious about the progress of development in Papua and West Papua," Rudiantara remarked in a media discussion on "Indonesia Centrist Vision: Equality in Papua," here on Monday.

The minister noted that access to the Internet in Papua and West Papua is around 300 kilobytes/second, much slower than that in Jakarta with 7 gigabytes/second.

"In addition, the cost of Internet access to Papua and West Papua is 65 percent more expensive compared to Jakarta," the minister noted.

Therefore, Rudiantara added that the government is currently developing the Palapa Ring projects in areas that cannot be reached by telecommunication operators.

The Palapa Ring, one of Indonesias priority infrastructure projects for the 2016-2019 period, aims to accelerate the growth and distribution of telecommunication network across the country.

With an undersea fiber-optic cable network stretching across 13 thousand kilometers and an onshore network of nearly 22 thousand kilometers, the Palapa Ring project is expected to provide high-speed broadband Internet access to the entire people living in urban and rural areas.

According to the minister, the project demonstrates that the government of President Joko Widodo (Jokowi) is serious about establishing cooperation with investors for infrastructure development in the country.

The Palapa Ring project -- divided into three sections of west, central, and east Indonesian region -- is the first cooperation in the telecommunication sector under the availability payment method scheme initiated by the Ministry of Finance.

Of the three Palapa optical fiber ring projects, the west section will link areas in the provinces of Riau, Riau Islands, and Natuna Island with total optical fiber cable length of 2 thousand kilometers.

The central section will cover Kalimantan, Sulawesi, and North Maluku, with an optical fiber cable length of 2.7 thousand kilometers.

The third or east section will cover 35 districts/municipalities in four eastern Indonesian provinces of East Nusa Tenggara, Maluku, West Papua, and Papua.

"The east section of Palapa Ring project will have a total optical fiber cable length of 8,454 kilometers with the total value of Rp5.1 trillion," Rudiantara remarked in Jayapura, Papua, on Thursday.

Rudiantara visited Papua recently to promote the Palapa Ring projects east section to the local government. He underlined that the project aims to meet the publics infrastructure needs in the telecommunications sector, particularly in the eastern region of Indonesia, and to offer faster Internet access to the region.
(Uu.O001/INE/KR-BSR/B003)
Editor: Priyambodo RH

COPYRIGHT © ANTARA 2017

http://m.antaranews.com/en/news/109771/govt-speeds-up-development-in-papua

 

[papacita]

Indonesia proves Islam, democracy can be implemented in harmony: Australia

Jakarta (ANTARA News) - Australian Prime Minister Malcolm Turnbull said Indonesia has proved that values of modern democracy and Islamic religion can be implemented in harmony.

"Indonesia has proven that values of Islam, democracy, and moderation can be compatible in daily life," Turnbull said, at a press conference held during Indian Ocean Rim Association Summit (IORA) 2017 in Jakarta Convention Center, on Tuesday.

According to the prime minister, Indonesia has pioneered the efforts as indicated during the IORA 2017 that resulted in a declaration to prevent and counter terrorism and violence crimes.

The member states of IORA have agreed on a Memorandum of Understanding (MoU) to prevent terrorism and violence.

All members have agreed to promote positive messages of respect to each other and tolerance, in addition to appreciating diversity and social differences.

Additionally, the Saudi Arabian King Salman bin Abdul Aziz Al Saud has discussed peacekeeping efforts in Indonesia along with President Joko Widodo.

The Indonesian Foreign Affairs Minister Retno Marsudi said King Salman stressed that moderation and tolerance are needed to prevent terrorism and violence and develop solidarity.

Widodo concluded the IORA Summit 2017 at the Jakarta Convention Center (JCC) on Tuesday.

He appreciated all ministers, high officials, and delegates who produced the Jakarta Concord.

The Jakarta Concord is a strategic document of the IORA that could serve as a guide for its member states to respond to global challenges.

The Jakarta Concord carries three important issues to strengthen the six IORA priority issues, which have been in place since the beginning, and to establish cooperation in the future. The issues are related to womens empowerment, blue economy, and democracy.
http://www.antaranews.com/en/news/109813/indonesia-proves-islam-democracy-can-be-implemented-in-harmony-australia


Bali Sees More Arrivals from China than Australia

TEMPO.CO, Denpasar - Bali saw more tourist arrivals from China than Australia last month. “China has now topped the lists of top ten countries by tourist arrivals in Bali after leapfrogging Australia who used to sit atop,” the Center Statistics Agency (BPS) Bali chapter chairman Adi Nugroho said on Wednesday.

In January 2017, 147,928 Chinese tourists arrived in Bali, an increase compared to the same period last year of merely 79,919 arrivals. The figure made up 32.10 percent of overall tourist arrivals in Bali that month.

“Some 147,835 persons flew directly from their country through Ngurah Rai Airport in Bali,” Adi Nugroho said. The remaining 93 persons came to the island through sea ports by cruise ships.

Australia ranked second with 91,515 tourist arrivals (19.86 percent), followed by India with 3.80 percent.

Bali tourism expert Tjokorda Gde Agung had predicted that Bali would see more tourist arrivals from Chinese than Australia. Among the factors attributable to the increase were direct flights between Chinese cities and Denpasar, Bali, v.v. launched by flag carrier Garuda Indonesia.

“The strategy has been carried out in response to the government’s decision to adopt free visa policy for tourist from neighboring countries, including China,” Tjokorda Gde Agung said.

ANTARA
https://en.tempo.co/read/news/2017/03/08/199853792/Bali-Sees-More-Arrivals-from-China-than-Australia

 

[Nike]

Indonesia has bilateral meetings with five states
8 hours ago | 835 Views

Jakarta (ANTARA News) - President Joko Widodo has had bilateral meetings with Bangladesh, Mozambique, Yemen, Iran and India on the sidelines of IORA (Indian Ocean Rim Association) Summit 2017 held in Jakarta on March 7.

During the meeting, President Joko Widodo was accompanied among others by the Coordinating Minister for Economy, Darmin Nasution, Minister of the State Secretariat Pratikno, Trade Minister Enggartiasto Lukita and Deputy Foreign Minister A.M. Fachir.

"At the first bilateral meeting with Bangladesh, we discussed on trade, which we have obtained large surplus. Bangladesh wants to order another 200 railway carriages," Nasution said.

Bangladesh delegation led by Prime Minister Hasina Wajed.

"They said they have cheap and good pharmaceutical industries, and want to cooperate. The President said that the cooperation can be done between private sectors or state-owned enterprises within the framework of business to business," Nasution explained.

President Joko Widodo also met with Mozambique delegation led by President Filipe Jacinto Nyusi.

"Mozambique is a maritime country with strong fisheries and agriculture sectors, particularly cotton. We also discussed on illegal fishing, as well as how Indonesia handle such issue," Nasution added.

Ten minutes later, President Joko Widodo met Yemeni President Abdur Rabbuh Mansour Had and the entourage.

"Yemen, which was just out of war, wants to reconstruct the country, and therefore they invite us to invest on construction in the country. President ask the government to give attention to Indonesian students who still stay in Yemen. So far, there are 2,600 students who have returned home and 600 others are still living in Salalah city. The President asked the Yemeni government to secure the students and hoped they can return to Indonesia safely," Nasution explained.

Furthermore, President Joko Widodo met Iranian Foreign Minister Mohammad Javad Zarif and his entourage to discuss cooperation on energy.

"Iran is ready to realize the cooperation in the management of oil fields by Pertamina. They also want direct banking system without a third country in order to speed up the transaction process," Nasution added.

After that, the President met with the Vice President of India, Mohammad Hamid Ansari.

"The president has just visited India in December, and said there is a follow-up of pharmaceutical industry cooperation," Nasution said.

(KR-LWA/b003/B003)
(T.SYS/B/KR-BSR/B003)

http://www.antaranews.com/en/news/109815/indonesia-has-bilateral-meetings-with-five-states

 

[Nike]

Indonesia to merge two mining firms, initial step in forming holding group

Jakarta | Wed, March 8, 2017 | 02:00 pm

Aluminum products are displayed at a factory. (tempo.co/File)

The government will merge PT Alumunium Development Corporation (Aldevco) into state-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) as part of the preparation for the latter to be a leader of the holding company in the mining sector.

Finance Ministry director general of state wealth Sonny Loho said the government would own Aledvco after winning the legal battle. "At least by now Aldveco’s status has changed into a state asset," he said on Tuesday as quoted by tempo.co.

Finance Ministry state wealth management and information system director Indra Surya said the ministry had conducted initial discussions with Inalum.

(Read also: Inalum, Antam to get priority in Freeport share divestment)

The scheme was chosen as Aldevco subsidiary, PT Asahan Alumunium Alloys (AAA), which is a raw aluminum processing plant, is already jointly owned by Inalum.

Indra added that changing Aldevco’s status would take a while as the Finance Ministry had to insert state capital and obtain parliamentary permission.

Aldevco president director Aldevco Middyningsih stated that Aldevco’s assets currently stood at Rp 137.8 billion. "We are happy to give the rights on our stock to the government and to cooperate," he said.

Inalum finance director Oggy Ahmad Kosasih refused to comment further on the merger. “It is still under discussion," he said.

Discussions on the establishment of state enterprise holding in the mining sector have increased significantly recently. Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan has said that Inalum would lead the consortium for the divestment of 51 percent of shares from mining giant PT Freeport Indonesia. (bbn)

http://www.thejakartapost.com/news/...ms-initial-step-in-forming-holding-group.html

 

[papacita]

Indonesia-Japan partnership expected to grow

Japan's deputy foreign affairs minister, Nobuo Kishi, has said Japan and Indonesia could benefit from strengthening ties, as the two countries share many similarities.

“Japan and Indonesia are archipelagic states that are connected through the sea. Hence, we have big potential to strengthen collaboration in the future,” Kishi said on Tuesday after meeting with Coordinating Maritime Affairs Minister Luhut Pandjaitan in Jakarta.

Japan is currently the second-largest foreign investor in Indonesia, with investment reaching US$5.4 billion in 2016, far above the $2.87 billion recorded in the previous year.

The Indonesian government has intended to persuade Japan to give further support for various strategic projects, such as Jakarta’s MRT system, the Patimban deep-sea port in West Java, the semi high-speed railway connecting Jakarta and Surabaya in East Java and the development of the gas-rich Masela block in the Arafura Sea.

“Among several topics discussed with the minister [Luhut], there were ones related to Patimban Port and the semi high-speed railway. The discussion was quite constructive,” Kishi said.

Total investment value for the Patimban project and semi high-speed railway are estimated at around Rp 40 trillion ($3 billion) and Rp 102 trillion, respectively. (bbn)
http://www.thejakartapost.com/news/2017/03/08/indonesia-japan-partnership-expected-to-grow.html

 

[Nike]

Oman investors explore business opportunities in Indonesia

Following Saudi Arabia, as many as 33 business people from Oman are visiting Indonesia to explore investment opportunities in Southeast Asia’s biggest economy.

The business delegation represented various sectors, such as construction, international trading, property, manufacturing, mining, logistics, tourism, information technology and banking, Investment Coordinating Board (BKPM) chief Thomas Lembong said Wednesday.

“The visit by the Oman delegation shows that investment interests from Middle East countries will begin to emerge. We will cooperate with related parties, such as Kadin [Indonesian Chambers of Commerce and Industry] and the Foreign Ministry, to respond to their interests,” Lembong said in a statement.

(Read also: Oman set to develop new oil refinery complex in Riau)

He further said that to attract investments from Oman, Indonesia needed to apply a regional approach, namely to treat the small-sized Middle East country as part of the Gulf Cooperation Council (GCC).

A similar approach has been implemented in European countries grouped under the European Union.

The Oman delegation met about 50 business people, who are members of Kadin, during the Indonesia-Oman Business Forum organized by BKPM.

Between 2010 and 2016, Oman firms poured US$211,000 in investment into Indonesia. This investment was channeled into two major sectors, namely agriculture and energy. (lnd)

http://www.thejakartapost.com/news/...lore-business-opportunities-in-indonesia.html

 

[Nike]

Coal Producers Remain Confident Despite Dip in Coal Price

Jakarta. Indonesia's benchmark coal price inched down 1.7 percent in March, as Chinese coal miners have cranked up their production and demand has dropped now that the peak of the winter season is over.

Ministry of Energy and Mineral Resources on Tuesday (07/03) set its coal reference price (HBA) at $81.9 per metric ton in March, from $83.2 per metric ton in February. This was the third consecutive month the coal benchmark price has dropped. The HBA is the price cited for the delivery period of March 1-31.

The coal reference price is derived from the average of four general coal price indexes used in the coal trade: Indonesia Coal Index, Platts Index, New Castle Export Index and New Castle Global Coal Index.

"The peak of the world coal demand has passed as winter ended. Secondly, China's coal miners returned to their normal working days," Ministry of Energy and Mineral Resources spokesman Sujatmiko said, referring to the Chinese government's rule allowing miners to operate 276 to 330 days from November through March. This was aimed at easing its previous rule that limited the working days to five days a week and was designed to avoid oversupply from the country's coal mines.

However, Indonesian producers remained confident that the coal price would not return to its low level of $50 per metric ton as seen in February last year.

Hendra Sinadia, deputy executive director at Indonesia Coal Mining Association, or APBI, said local producers now plan to produce 470 million metric tons of coal this year, up 8.2 percent from last year, hoping to capitalize on the higher price.

http://jakartaglobe.id/business/indonesian-consumers-remain-optimistic-february-c-bank-survey/

 

[papacita]

Jakarta to Yogyakarta in 25 minutes: Hyperloop firm considers bringing ultrafast train to Indonesia

How would you like to be able to take a train from Jakarta to Yogyakarta in less than the time it takes to drive from Blok M to Monas when there’s heavy macet?

Such a feat is not as impossible as it may seem. In fact, a company is ready to spend up to $2.5 million into studying whether it’s truly feasible.

So what kind of train could get you the 264 miles between Jakarta and Yogyakarta in just 25 minutes? The world’s current fastest train, the Shanghai Maglev, would still take about an hour to traverse that distance even at top speed.

In 2012, Elon Musk (billionaire inventor genius behind Tesla and Space X, basically the real-life Tony Stark) proposed the concept of the Hyperloop, a train system that would allow people and goods to travel at ultrahigh speeds by propelling them (in specially designed pods) through a near-vacuum tube at speeds of up to 760 miles per hour.

While it’s still considered a literal pipe dream by some, the Hyperloop concept is looking more real by the day, with the first real-world test track currently being built in the Nevada dessert.

Already companies are looking at not just how but where the sci-fi train system could be implemented. Hyperloop Transportation Technologies (HTT), one of the companies looking to turn Musk’s vision into reality, recently announced it would invest up to $2.5 million into studying the possibility of implementing the system in Indonesia.

“The feasibility study will take between three to six months. We have set aside $1-2.5 million for this. For the first phase, we are looking at Tangerang, [Soekarno-Hatta airport] to the center of Jakarta. Then we are looking at the rest of Java. The target is 2,000 km. We will also be looking into Sumatra, also from the airport, ” said Bibop Gresta, HTT co-founder, on Wednesday as quoted by CNN Indonesia.

HTT has also teamed up with Indonesian partners to form a local company, Hyperloop Transtek Indonesia, to help further its plans within the country.

Bibop said that Indonesia’s dense population centers and lack of transportation infrastructure (a kind understatement) would make it an ideal place for the transformative effects of the hyperloop.

Even if they do decide to build the Hyperloop in Indonesia, it will probably be quite a long time before we’ll actually be riding in one. But we’ll definitely be dreaming of cruising through vacuumized tubes the next time we’re stuck in insufferable morning macet.
https://coconuts.co/jakarta/news/ja...considers-bringing-ultrafast-train-indonesia/

 

[pr1v4t33r]

The initial investment for study is welcomed. But they will need to invest more that that, if they are really mean it to bring the new tech to Indonesia. Govt wont put their money on it.

 

[papacita]

The initial investment for study is welcomed. But they will need to invest more that that, if they are really mean it to bring the new tech to Indonesia. Govt wont put their money on it.

Indeed, this is a new system with no place actually operates it yet. Just a quick search of the estimated cost of the system in other area:
Helsinki-Stockholm (500km) - $21 billion
Dubai-Abu Dhabi (150km) - $4.8 billion

Land price is a huge factor for infrastructure cost, Java island should be cheaper than places above but then the system itself is not yet proven Can't risk our limited resource for that.