Indonesia Economy Forum

[pr1v4t33r]

Damn... that is bigger than some of ASEAN countries' economy !

According to the IMF & World Bank, here: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal). The size of the declared assests is comparable to the world' 32/33th biggest economy, Egypt and thus bigger than the rest 178 countries listed at UN. How cool is that

 

[pr1v4t33r]

Jangkrik FPU vessel ready to sail to Muara Bakau block offshore Indonesia

The naming ceremony of the “Jangkrik” Floating Production Unit (FPU) vessel was held today at Saipem Karimun Yard, Tanjung Balai Karimun, Indonesia by H.E. Minister of Energy and Mineral Resources of the Republic of Indonesia Ignasius Jonan. The FPU shall operate in the Muara Bakau PSC located in the Kutei Basin, in the Makassar Strait offshore for the “Jangkrik Complex Fields”.

Biggest FPU vessel operating in Indonesia today, 192x46 meter

The Floating Production Unit will now sail to its final destination where, once in position, will commence mooring and hook-up operations.

The project foreseen the First Gas within three and half years from the sanctioning. The FPU will be located in strategic position that will also allow the prompt development of nearby discoveries in a region rich of gas resources.

$250 Million FPU vessel build by Hyundai Heavy Industries for Italian company Eni, to be operated in Jangkrik offshore field

The newly built FPU has a gas processing and export capacity up to 450 million standard cubic feet per day (mmscf/d); ten production deep-water subsea wells will be connected to the FPU. The gas, once processed onboard the FPU, will then reach using a new dedicated 79 km pipeline and a new Onshore Receiving Facilities, the East Kalimantan Transportation System and the Bontang gas liquefaction plant.

The Jangkrik gas volumes will supply the local domestic market, the Indonesian LNG market as well as the LNG export market providing a significant contribution to the Country’s energy needs and economic development.

Eni is the operator with a 55% stake of the Muara Bakau PSC through its affiliate Eni Muara Bakau B.V.; the other partners are Engie E&P with 33,334% and PT. Saka Energi Muara Bakau with 11,664%.

Eni has been operating in Indonesia since 2001 and currently has a large portfolio of assets in exploration, production and development. Production activities are located in the Mahakam River delta, East Kalimantan through the participated Company VICO Ltd (Eni 50%, Saka Energi 50%) operator of the Sanga Sanga PSC that provides an average equity production of 16,000 barrels of oil equivalent per day.

https://www.eni.com/en_IT/media/201...-sail-to-muara-bakau-block-offshore-indonesia

 

[Nike]

Indonesian government`s debts Rp3,589.12 trillion
Senin, 20 Maret 2017 19:37 WIB - 0 Views

Ministry of Finance of the Republic of Indonesia. (setkab.go.id)

Jakarta (ANTARA News) - The Directorate General of Financing and Risk Management of the Finance Ministry said by February, 2017, the government had a debt of Rp3,589.12 trillion.

The debts included government securities (SBN) making up 79.5 percent or Rp2,848.80 trillion and loans accounting for 20.5 percent or Rp735 trillion.

In February, the total debts of the government rose Rp39.95 trillion or 1.13 percent from the previous month including Rp33.09 trillion in SBN and Rp6.86 trillion in loans.

In the first two months of 2017 the government debts increased Rp122.16 trillion including Rp114.97 trillion in SBN and Rp7.19 trillion in loans.

Debt repayments in February, 2017 totaled Rp32.19 trillion including Rp22.45 trillion in matured principal debts and Rp9.74 trillion in interest.

The debt ratio with interest in variable rate was 12 percent to total debt. and the debt ratio in foreign currencies to total debt was 42 percent.

Meanwhile Average Time to Maturity (ATM) of government bonds averaged nine years with matured debt in five years was 69.5 percent of the total outstanding debt.
(Tz.H-ASG/O001)
Editor: Priyambodo RH

COPYRIGHT © ANTARA 2017
http://m.antaranews.com/en/news/110020/indonesian-governments-debts-rp358912-trillion

 

[pr1v4t33r]

One of the World's Largest Geothermal Power Plant Commences Commercial Operation

First Unit of the Sarulla Geothermal Power Plant Starts to Provide Indonesia with 110 MW of Clean, Renewable Energy. The plant combines Toshiba's flash and Ormat's binary technologies to maximize efficiency.

RENO, Nevada, March 21, 2017, TOKYO, March 22, 2017— Toshiba Corporation (TOKYO: 6502) and Ormat Technologies Inc. (NYSE: ORA) today announced that the first unit of the Sarulla geothermal power plant, one of the world's largest power plants, located in Indonesia's North Sumatra, has commenced commercial operation.

The approximately 110 MW power plant, which combines flash and binary technologies to provide a high efficiency power plant and 100% reinjection of the exploited geothermal fluid, is operated by Sarulla Operations Ltd. (SOL). As participants in the project, Toshiba supplied the geothermal steam turbines and generators (STGs) for the flash systems, while Ormat provided the conceptual design of the Geothermal Combined Cycle Unit (GCCU) power plant and supplied its Ormat Energy Converter (OEC), which serve as the condensing units for the steam turbines and utilize the separated brine for maximum resource exploitation and maximum power output. Toshiba and Ormat will continue to collaborate strategically on global promotion of highly-efficient geothermal combined cycle flash and binary systems, and both companies continue to seek to utilize and promote renewable energy globally.

Commenting on the official start, Mr. Takao Konishi, Vice President of Toshiba's Energy Systems & Solutions Company said, “We are very proud to have installed our highly reliable geothermal STGs in one of the world’s largest geothermal power plants. Toshiba has the number one market share in the geothermal sector. We continue to support development of power and infrastructure solutions in Indonesia.”

Isaac Angel, Ormat’s CEO, added, “The commencement of commercial operation at Sarulla is a significant milestone for Ormat, both as an owner of SOL and as a supplier of our 25-year-proven binary technology. The Sarulla supply contract is the largest single contract that Ormat has signed to date. We manufactured and delivered our equipment ahead of schedule, mainly due to the improvements implemented across our entire value chain and to our professional teams. We continue to share our expertise as work continues on the second and third units of the Sarulla project that are expected to come on line by 2017 and 2018, respectively. Ormat’s proven GCCU technology, which was also utilized in the Sarulla reservoir, will assure optimal and sustainable utilization of the resource to deliver to Indonesia clean, cost effective and baseload capacity.”

Toshiba and Ormat have fostered a cooperative relationship through the Sarulla project. After signing a Strategic Collaboration Agreement in 2015, the companies also won orders to supply STG and OEC, respectively, for Unit 2 of the Kizildere III Geothermal Combined Cycle Unit Power Plant in Turkey. This project is now making smooth progress.

http://www.toshiba.co.jp/about/press/2017_03/pr2201.htm?from=RSS_PRESS&uid=20170322-4816e

 

[Robin Wong]

TripAdvisor names Bali best global destination of 2017

The Hindu island of Bali has claimed the top spot for the first time in TripAdvisor's Travellers' Choice Awards, published Tuesday, March 21, crowning the year's best travel destinations.

Despite being a popular travel hotspot for many years, Bali makes its first appearance in the TripAdvisor top ten in 2017. The Indonesian island shot straight to the top, knocking London into second position. Paris climbed one place into third position, despite the challenging context for tourism in the French capital.

Travellers' Choice Award winners are determined using an algorithm that takes into account the quality and quantity of traveller reviews and ratings published on the TripAdvisor website for hotels, restaurants and attractions in destinations worldwide, gathered over a 12-month period.

The Awards also highlight current travel trends. On that front, Europe is riding high in the global top 10, with Rome up three places to fourth position. Crete and Barcelona also make the top 10 for the first time this year. Elsewhere, New York continues to be popular with global travelers, climbing four places into fifth position.

In Europe, London is still the leader, ahead of Paris then Rome. Promising authenticity and charm, the Greek island of Crete takes fourth in this year's European ranking. Meanwhile in the U.S., New York City holds top spot for the seventh year in a row.

Top 10 Travelers' Choice Destinations - World
1. Bali, Indonesia
2. London, U.K.
3. Paris, France
4. Rome, Italy
5. New York, U.S.A.
6. Crete, Greece
7. Barcelona, Spain
8. Siem Reap, Cambodia
9. Prague, Czech Republic
10. Phuket, Thailand

Top 10 Travelers' Choice Destinations - Asia
1. Bali, Indonesia
2. Siem Reap, Cambodia
3. Phuket, Thailand
4. Hoi An, Vietnam
5. Kathmandu, Nepal
6. Hanoi, Vietnam
7. Ko Samui, Vietnam
8. Bangkok, Thailand
9. Lombok, Indonesia
10. Tokyo, Japan

Top 10 Travelers' Choice Destinations - Europe
1. London, U.K.
2. Paris, France
3. Rome, Italy
4. Crete, Greece
5. Barcelona, Spain
6. Prague, Czech Republic
7. Istanbul, Turkey
8. Saint Petersburg, Russia
9. Lisbon, Portugal
10. Amsterdam, Netherlands

Top 10 Travelers' Choice Destinations - U.S.
1. New York City, NY
2. Maui, Hawaii
3. Island of Hawaii, Hawaii
4. Oahu, Hawaii
5. Las Vegas, Nevada
6. Orlando, Florida
7. Chicago, Illinois
8. San Diego, California
9. San Francisco, California
10. Key West, Florida

http://www.ctvnews.ca/lifestyle/tra...ali-best-global-destination-of-2017-1.3334528

 

[Nilgiri]

TripAdvisor names Bali best global destination of 2017

The Hindu island of Bali has claimed the top spot for the first time in TripAdvisor's Travellers' Choice Awards, published Tuesday, March 21, crowning the year's best travel destinations.

Despite being a popular travel hotspot for many years, Bali makes its first appearance in the TripAdvisor top ten in 2017. The Indonesian island shot straight to the top, knocking London into second position. Paris climbed one place into third position, despite the challenging context for tourism in the French capital.

Travellers' Choice Award winners are determined using an algorithm that takes into account the quality and quantity of traveller reviews and ratings published on the TripAdvisor website for hotels, restaurants and attractions in destinations worldwide, gathered over a 12-month period.

The Awards also highlight current travel trends. On that front, Europe is riding high in the global top 10, with Rome up three places to fourth position. Crete and Barcelona also make the top 10 for the first time this year. Elsewhere, New York continues to be popular with global travelers, climbing four places into fifth position.

In Europe, London is still the leader, ahead of Paris then Rome. Promising authenticity and charm, the Greek island of Crete takes fourth in this year's European ranking. Meanwhile in the U.S., New York City holds top spot for the seventh year in a row.

Top 10 Travelers' Choice Destinations - World
1. Bali, Indonesia
2. London, U.K.
3. Paris, France
4. Rome, Italy
5. New York, U.S.A.
6. Crete, Greece
7. Barcelona, Spain
8. Siem Reap, Cambodia
9. Prague, Czech Republic
10. Phuket, Thailand

Top 10 Travelers' Choice Destinations - Asia
1. Bali, Indonesia
2. Siem Reap, Cambodia
3. Phuket, Thailand
4. Hoi An, Vietnam
5. Kathmandu, Nepal
6. Hanoi, Vietnam
7. Ko Samui, Vietnam
8. Bangkok, Thailand
9. Lombok, Indonesia
10. Tokyo, Japan

Top 10 Travelers' Choice Destinations - Europe
1. London, U.K.
2. Paris, France
3. Rome, Italy
4. Crete, Greece
5. Barcelona, Spain
6. Prague, Czech Republic
7. Istanbul, Turkey
8. Saint Petersburg, Russia
9. Lisbon, Portugal
10. Amsterdam, Netherlands

Top 10 Travelers' Choice Destinations - U.S.
1. New York City, NY
2. Maui, Hawaii
3. Island of Hawaii, Hawaii
4. Oahu, Hawaii
5. Las Vegas, Nevada
6. Orlando, Florida
7. Chicago, Illinois
8. San Diego, California
9. San Francisco, California
10. Key West, Florida

http://www.ctvnews.ca/lifestyle/tra...ali-best-global-destination-of-2017-1.3334528

Wow congrats! I have to visit Bali again, its been so long! Love the cultural performances, dances and temples especially.

 

[nufix]

Wow congrats! I have to visit Bali again, its been so long! Love the cultural performances, dances and temples especially.

Me too. Altho I have to recommend you to visit flores islands, 45 minutes from Bali if you take plane. Bali is overcrowded in high season (april-september), better go somewhere else unless you are planning to visit Bali in low season.

 

[MarveL]

Latest updated on Elevated Busway Ciledug-Tendean.

https://finance.detik.com/berita-ek...ampakan-terkini-busway-layang-ciledug-tendean

 

[Nilgiri]

Me too. Altho I have to recommend you to visit flores islands, 45 minutes from Bali if you take plane. Bali is overcrowded in high season (april-september), better go somewhere else unless you are planning to visit Bali in low season.

Yes flores, lombok, moluccas, celebes...also new guinea hopefully sometime.

So much places of Indonesia I have not seen.

 

[pr1v4t33r]

Jangkrik BOSSS!
Menteri Energi dan Sumber Daya Mineral (ESDM) Ignasius Jonan meresmikan Kapal Floating Production Unit (FPU) Jangkrik di Saipem Karimun Yard, Tanjung Balai, Kepulauan Riau, Selasa (21/3/2017). Kapal FPU Jangkrik merupakan fasilitas migas berbentuk kapal dirancang untuk pengolahan gas dengan kapasitas hingga 450 juta standar kaki kubik per hari (mmscfd) yang akan beroperasi di Blok Muara Bakau di cekungan Kutai, lepas pantai Selat Makassar, sekitar 70 km dari garis pantai Kalimantan Timur dan akan segera berproduksi pada pertengahan tahun 2017.

 

[pr1v4t33r]

Indonesia wants control of Freeport’s Grasberg within two years

THE dispute engulfing the world’s second-biggest copper mine deepened as Indonesia’s government said it planned to take a majority stake in the local unit of owner Freeport-McMoRan Inc. within two years while workers at the pit threatened to go on strike.

The state enterprises ministry has cleared a government-run company to buy a majority stake in PT Freeport Indonesia, the local unit that runs the massive Grasberg mine in Papua province, according to Fajar Harry Sampurno, the deputy minister for mining, media and strategic industries. Freeport-McMoran would have to divest its share to a state-owned entity under a new contract that the Phoenix-based miner is yet to sign.

“We’re ready,” Sampurno said at a press conference in Jakarta on Wednesday. A local aluminum producer, PT Indonesia Asahan Aluminium, will be turned into a holding company to purchase the stake, he said. “Once the holding company is formed, they will immediately work on it.”

The preparations for state-ownership suggest Jakarta is refusing to budge in a dispute that’s curtailed mining at Grasberg and prompted Freeport to lay off thousands of workers. Under new rules announced in January, the government said companies that want to export semi-processed metals including copper concentrate must convert their contract of work to a special mining license, build smelters and add local investors. Freeport has refused to do so until it gets guarantees protecting its investment.

SELL SHARES
The rules stipulate foreign miners must begin selling shares to local entities five years after starting production and must reach 51 percent local ownership by the 10th year. Freeport must immediately divest its stake after converting its contract, because the firm has been mining in the country for more than a decade, Deputy Energy and Mineral Resources Minister Arcandra Tahar said in January. At present, Indonesia holds 9.36 percent of Freeport Indonesia.

The government last month issued a special mining license, or IUPK, to Freeport, but the company vowed to hold out for investment safeguards that provide the same level of fiscal and legal certainty as its current contract of work. The miner served a notice to Indonesia’s energy ministry in February over the areas of dispute, and said it has the right to begin arbitration if they aren’t settled within 120 days.

COMPANY TALKS
Freeport Indonesia continues talks with the Indonesian government, spokesman Riza Pratama said by text message on Wednesday. A senior government official said in early March that the administration wanted to resolve the standoff in two weeks.

Last month, Freeport Chief Executive Officer Richard Adkerson outlined the company’s concerns, decrying both the process for converting the contract to a license as well as the divestment requirement. “These forms of regulations are in effect a form of expropriation of our assets, and we are resisting it aggressively,” he said at a conference.

Indonesia Asahan Aluminium, known as Inalum, will be turned into a mining holding company to purchase the stake in Freeport’s unit, according to a presentation by the state enterprises ministry on Wednesday. Local miners PT Aneka Tambang, PT Bukit Asam and PT Timah will become units of Inalum.

Aneka Tambang, the state-owned nickel miner known as Antam, is ready to participate in the Freeport purchase, according to President Director Tedy Badrujaman.

“Antam, because of its expertise, will probably be assigned to monitor mining operations at Grasberg, especially during the transition period, if the stake purchase went through,” Badrujaman told reporters in Jakarta on Wednesday.

UNION DEMANDS
The Grasberg labor union is adding pressure on both sides to resolve the dispute and resume mining that’s been reduced to about 10 percent of capacity and resulted in about 2,100 workers to be laid off.

Workers will protest in seven days if the government and Freeport fail to respond positively to demands outlined in a March 21 notice, Tri Puspital, the industrial relations officer at Freeport Indonesia’s labor union, said by phone.

The union wants the government to form a tripartite body to protect workers’ rights and find a resolution that ensures future operations at the mine, he said. Freeport should stop laying off workers, according to Puspital.

“Workers will protest with a rally, and won’t rule out the possibility of a strike if there’s still no response,” he said.

http://www.bworldonline.com/content...ort&8217s-grasberg-within-two-years&id=142664

 

[MarveL]

A*u sekali... found nearly 13,300 square meters (143,160 square feet) suffered damage that was fatal to the coral.



Friday, Mar 24, 2017

Indonesia survey shows massive coral death from cruise ship

A variety of coral colonies grow along the edge of a reef dropoff in Raja Ampat in West Papua. (Shutterstock/-)

Indonesia says nearly 19,000 square meters (204,000 square feet) of coral reef was damaged by a foreign cruise ship that ran aground in the pristine waters of Raja Ampat in West Papua province earlier this month.

The extent of the damage, announced by the deputy maritime affairs minister this week following a survey of the affected strait, was far worse than initially thought. Indonesia's Foreign Ministry on Thursday said the government will be "very firm" in demanding compensation.

Arif Havas Oegroseno, the deputy minister at the Coordinating Ministry of Maritime Affairs, said the joint assessment by a national survey team and the tour company's insurers found nearly 13,300 square meters (143,160 square feet) suffered damage that was fatal to the coral.

He said another 5,600 square meters (60,280 square feet) sustained lesser damage from shock waves of sand and broken coral sent out by the ship's maneuvers but has a 50 percent chance of dying.

The 4,200-ton cruise ship M.V. Caledonian Sky, which was chartered by British tour company Noble Caledonia, ran aground in the Dampier strait on March 4.

Indonesia's senior minister for maritime affairs, Luhut Pandjaitan, last week summoned British Ambassador Moazzam Malik to discuss the damage. The ministry has described the reefs as being irreparably damaged.

Officials are incensed the ship's captain quickly sailed on to Bitung in North Sulawesi province and then the Philippines without waiting for an assessment of the damage.

"The people of Indonesia and the people of Papua have yet to hear Captain Keith Michael Taylor state an apology or remorse for the damage done by his act," said Havas. "The guardians of Raja Ampat, the people of Papua, are anxious to hear what British Captain Taylor has to say."

(Read also: Caledonian Sky destroyed more than 18,000 m2 of pristine Raja Ampat reefs, survey concludes)

London-based Noble Caledonia has acknowledged responsibility for the damage and said it is working toward "a fair and realistic settlement."

Officials from the Ministry of Environment and Forestry are working on an estimate of economic losses that will be used in the settlement negotiations.

http://www.thejakartapost.com/news/...ows-massive-coral-death-from-cruise-ship.html

 

[pr1v4t33r]

A*u sekali... found nearly 13,300 square meters (143,160 square feet) suffered damage that was fatal to the coral.

There should be a global rally by environmentalist and oceanologist around the world to condemn this outragoeus misconduct.


Malaysia palm oil buyers boost imports from Indonesia in wake of El Nino

Malaysian buyers are ramping up imports of Indonesian palm oil as local supply battles to recover from the lingering impact of last year's crop-damaging El Nino weather pattern.

Traders said world No.2 producer Malaysia was set to boost imports of palm oil and related products from top grower Indonesia by about 20,000 tonnes in March from typical monthly volumes of around 40-50,000 tonnes.

The two countries churn out nearly 90 percent of the world's palm oil, used to make products ranging from cooking oil and chocolate to soap and cosmetics.

Some traders said shipments to Malaysia would likely remain at higher levels in April as they expect Indonesia to cut its export taxes on palm to around $3 per tonne from $18 currently. Jakarta sets the tax rate each month.

"Imports from Indonesia could reach 60-70,000 tonnes (again) next month, if the new tax kicks in," said one trader, declining to be identified as he was not authorized to speak with media.

El Nino often brings scorching heat across Southeast Asia that hurts palm's fresh fruit yields. Indonesia's trees are typically younger than Malaysia's, however, so its crop can be more resilient and quicker to recover.

Benchmark palm oil prices were trading at over four-year highs in early January. Though they have since eased by around 10 percent to 2,760 ringgit ($623.31) per tonne, that is still way above levels seen at this time in 2016.

But further down the line, production is set to pick up again. Leading analysts have forecast a recovery in output by the second half of the year, driving down prices to around 2,500 ringgit per tonne.

http://www.reuters.com/article/us-palmoil-malaysia-idUSKBN16V0QD?rpc=401&

 

[Nike]

Army develops mechatronics mortar
Jumat, 24 Maret 2017 00:53 WIB - 0 Views

Bandung, W.Java (ANTARA News) - Research and Development Laboratory of the Indonesian Army is developing a Mechatronics 81 mm mortar that can be placed in tactical vehicles, such as Anoa Panzer.

"This is a collaboration with researchers from the Institute of Technology Surabaya," Head of Laboratory, Lieutenant Colonel. Simon P. Kamlasi said here, Thursday.

The mechatronics 81mm mortar can be operated automatically with DC motor from the electrical system of the vehicle.

The elevation and traverse angles can be fully adjusted using an electric control from a control panel system based on a laptop.

Mechatronics 81mm mortar controller Software has been equipped with a ballistic computer system to measure distance and targets coordinates tailored to the types of projectiles and charges, resulting in accurate shooting.

Most of the control functions can even be operated from Android-based smartphones via WiFi connection so that shooting can be done remotely from outside the vehicle.

The mechatronics mortar is a second generation, which in 2015 the laboratory had developed mechatronics mortar. "This second generation is better than the first one," Simon said.

He mentioned, mechatronics 81 mm mortars which made in 2016 is still a prototype, and has not been mass-produced because it needs improvement.

"We expect by 2018 the mortar will have been certified by the Armys Research and Development Division and can be mass-produced, and directly installed in tactical vehicles, like Anoa Panzer," he said.(*)
Editor: Heru

COPYRIGHT © ANTARA 2017

http://m.antaranews.com/en/news/110107/army-develops-mechatronics-mortar

 

[Nike]

Jokowi approves change in regulation on railway function
Sabtu, 25 Maret 2017 09:06 WIB - 0 Views

Samarinda, E Kalimantan (ANTARA News) - President Joko Widodo has agreed to change regulation on the function of railways in East Kalimantan as proposed by Governor Awang Faroek.

With the issuance of the Government Regulation (PP) No. 6 of 2017 amending the PP No. 56 of 2009, railways in East Kalimantan will function not only for the transport of coal but also general cargoes, the governor said.

"This means railways could also carry other goods like crude palm oil, forestry products even passengers," he said.

President Joko Widodo and Transport Minister Budi Karya Sumadi welcomed the railway projects both ones being built by Blackspace and PT Kereta Api Borneo (KAB), he said.

The governor said he appreciated the decision of the government as it would encourage more investors to invest in the interior areas of the region, he said.

"Never before a president approved change in a government regulation proposed by a governor," he said.

He said the operation of railways in East Kalimantan would greatly contribute to the regional economic development as railway transport is much more efficient and cheaper.

Blackspace and PT Kereta Api Borneo (KAB both from Russia are building rail tracks in Kalimantan, originally designed specially for coal transport .

Kereta Api Borneo, the local unit of Russian Railways, plans to build rail track connecting the coal hub West Kutai with oil city and port Balikpapan.

The East Kalimantan provincial government had said earlier that Russian investors would also be involved in the construction of bridges, ports and techno parks in the province.

Blackspace, known as an oil and gas and coal company plans to build 500 kilometer long rail tracks to link Central Kalimantan and South Kalimantan.

The company has coal mine in Central Kalimantan.
Editor: Aditia Maruli

COPYRIGHT © ANTARA 2017