Indonesia Economy Forum

[Nike]

$1b Loans From ADB to Support Indonesia's Fiscal, Investment Reforms

The Asian Development Bank has approved $1 billion in policy-based loans to support Indonesia's reforms in public expenditure. (Reuters Photo/Nyimas Laula)


By Adinda Normala on 3:52 pm Jun 09, 2018
Category Business , Economy
Jakarta. The Asian Development Bank has approved $1 billion in policy-based loans to support Indonesia's reforms in public expenditure, and to improve the country's investment climate.

The loans will be $500 million for the second phase of the Fiscal and Public Expenditure Management Program and $500 million for the last installment of the Stepping Up Investment for Growth Acceleration Program.

The first loan aims to help the Indonesian government with its budget cycle and expanding social assistance programs, in accordance with the Manila-based lender's goal to improve the country's budget management and transparency.

"The program has enabled the government to increase targeted spending and improve the quality of spending in priority areas such as health and education," Sani Ismail, ADB's senior financial sector specialist for Southeast Asia, said in a statement on Friday (08/06).

Indonesia has reallocated its fuel subsidies to direct assistance for poor families in 2015, including through the cash transfer Family Hope Program (PKH), which targets to reach 10 million poorest households by the end of the year.

This year, the government set a budget of Rp 50 trillion ($3.6 billion) for the program. President Joko "Jokowi" Widodo promised to double it next year.

The second ADB loan is aimed at reducing investment barriers and encouraging more public-private partnerships to boost Indonesia's investment-led growth.

"The program will help the government boost efficient public and private investment, while also addressing investment constraints at the subnational level," Robert Boothe, ADB's public management specialist for Southeast Asia, said in the statement.

Indonesia in recent years has been trying to decrease its complicated regulations and prohibitive costs of setting up and maintaining business to attract more investment. The government has rolled out a series of economic policy packages since 2015, including steps to ease working with its notorious bureaucracy.

The reforms made Indonesia score its seven-year high in foreign direct investment last year, with Rp 430.5 trillion.

Indonesia's rank in the World Bank's "Ease of Doing Business" index has jumped to 72nd out of 190 countries last year, from 114th in 2014. Jokowi wants Indonesia to be 40th by the end of his term in 2019.

In May last year, Indonesia also secured investment grade ratings from the world's "big three" credit rating agencies — Fitch Ratings, Standard & Poor's and Moody's — for the first time since 1997.


http://jakartaglobe.id/economy/1b-loans-adb-support-indonesias-fiscal-investment-reforms/

 

[Nike]

Oil, gas upstream investment recorded at $3.7b as of May

• News Desk
  The Jakarta Post
  

Jakarta | Fri, June 8, 2018 | 08:10 am

The logo of the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas). (Antara/File)

• 
  

The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) announced that the realization of the oil and gas upstream business only reached US$3.7 billion as of May or 26 percent from the $14.2 billion targeted in the 2018 state budget.

On Wednesday, SKKMigas program and communication division head Wisnu Perbawa said the investment was relatively small in terms of exploration and exploitation.

He, however, added that it was common for investment realizations to be low in the first half of the year, but he expected significant increases in the coming months as a number of projects were now preparing rigs and locations.

“In such processes, the investment has not been recorded,” said Wisnu as reported by kontan.co.id. He, however, declined to elaborate on the projects that have not been realized.

He added that the drilling works would increase in the second half of the year. “We hope our investment target will be achieved by the end of the year.”

Meanwhile, the Energy and Mineral Resources Ministry recorded that the investment realization in the oil and gas subsector only reached $10.18 billion, last year, consisting of $9.33 billion of upstream and $844.58 million of downstream investments.

The upstream investment consisted of $9.15 billion for exploration and $180 billion for block exploration, while the downstream investment consisted of $54.97 million for manufacturing, $4.2 million for storage, $696.44 million for commerce and $1.38 million for an investment in state-owned gas distributor PT PGN. (bbn)
http://www.thejakartapost.com/news/...am-investment-recorded-at-3-7b-as-of-may.html

 

[Nike]

Six more LRT cars to arrive on Saturday

• News Desk
  The Jakarta Post
  

Jakarta | Sat, June 9, 2018 | 05:35 pm

An LRT car is unloaded at Tanjung Priok Port, North Jakarta in April. Six more cars are expected to arrive on Saturday. (Antara/Galih Pradipta)

• 
  

Six cars for the light rail transit (LRT) project are expected to arrive in Tanjung Priok Port, North Jakarta, on Saturday afternoon.

President director of city-owned construction company PT Jakarta Propertindo, Satya Heragandhi, said the ship carrying the train cars from South Korea had been located in Jakarta Bay waters. “It will probably dock this afternoon,” Satya said Saturday as quoted by kompas.com.

However, the trains will only be able to be unloaded in the evening. The trains will later be transported to Mal Kelapa Gading LRT station.

“Since the Idul Fitri holiday is coming, the trains will not be transported to the station until June 22,” Satya said.

Previously, two LRT cars arrived in April.

“We bought a total 16 cars. The remaining 8 will be sent in July and August,” said Satya.

The 16 LRT cars will serve the 5.8-kilometer LRT line connecting Velodrome in Rawamangun, East Jakarta, to Kelapa Gading, North Jakarta.

The construction project for the first LRT line is set to be finished in August ahead of the quadrennial sporting event, the Asian Games. The Games will be held from Aug. 18 to Sept. 2 in Jakarta and Palembang, South Sumatra.(iwa)

http://www.thejakartapost.com/news/2018/06/09/six-more-lrt-cars-to-arrive-on-saturday.html

 

[pr1v4t33r]

 

[Nike]

Pelindo I builds cargo terminal ports to support industry
Minggu, 10 Juni 2018 14:10 WIB - 1 Views

Reporter: Ganet Dirgantara

Batuampar Cargo Terminal Port of Batam (ANTARA PHOTO/Joko Sulistyo)

Jakarta, June 10 (ANTARA News) - State-owned port operator Pelindo I is building cargo terminal ports in a number of regions as a strategy to support local industrial development.

"We are developing cargo terminal ports to support local industry such as what we are developing in Bintang to support investors in the Lobam Industrial Zone," Pelindo I President Director Bambang Eka Cahyana said when contacted by Antara on Sunday.

He said other cargo terminal ports being built included in Kijang to support bauxite mining and in Sibolga to support the Martabe gold mining activities.

In Bintan, Pelindo I has to use a special crane from Germany to support the smoothness of stevedoring activities, he said.

"Cargo terminal ports we are developing include those in Kijang, Tanjung Pinang, Sibolga, Malahayati and Perawang," the Pelindo I president director said.

He said these areas will later be connected to the Trans Sumatra Toll Road thereby palm oil industries will need a special bulk port.

The development of the bulk port will be built in cooperation with an industrial zone under the management of Wilmar Group. It is expected that the development of the bulk port will commence in the second semester of 2018.

Cahyana said that besides developing ports of its own initiative, Pelindo I is also developing the same port under the designation of the government.

These included government designation of the Batu Ampar container terminal port of Batam, he said.



Editor: Andi Abdussalam

COPYRIGHT © ANTARA 2018

 

[pr1v4t33r]

New sleeper train to serve the home coming season

 

[Mr. Woof Woof]

New sleeper train to serve the home coming season

jurusan mana mas ?

Nama keretanya apa ?

Tiketnya berapa harganya ?

Kelihatannya menarik untuk dicoba.

 

[trishna_amṛta]

New sleeper train to serve the home coming season

The fare is too expensive (value for money)
For the amount of money I would expect equal service quality* as those found in Business class airline, unfortunately that is not the case with this train.

* = Service quality is very broad term which cover not only accommodation arrangement, but also service personnels (their look & demeanor), F&B, and others amenity services.

 

[Logam42]

The fare is too expensive (value for money)
For the amount of money I would expect equal service quality* as those found in Business class airline, unfortunately that is not the case with this train.

* = Service quality is very broad term which cover not only accommodation arrangement, but also service personnels (their look & demeanor), F&B, and others amenity services.

Tell us more! I doubt I'd ever use it, but if you've rode on it before why not write a quick review about it. It'll be appreciated by anyone who needs to travel around Indonesia.

______________________________

Can't believe I just found the PUPR youtube page now. It's surprisingly competent and their vids don't feel cringe-worthy or boring like most government broadcasts are.

 

[trishna_amṛta]

Tell us more! I doubt I'd ever use it, but if you've rode on it before why not write a quick review about it. It'll be appreciated by anyone who needs to travel around Indonesia.

I haven't ride in that specific not-so-sleeper train yet, however I'm loyal customer of PT.KAI because I've suffered mild-case of aviophobia (fear of flying), and I had try Sembrani Priority which also in the same fare rate (Rp 900k), and this new train will not be much of a different at all other than the accomodation aspect.

Suffice to say although PT. KAI is busy about improving accomodation level (which is good) they apparently forget the other critical aspects of selling premium service, and that is F&B.

In Sembrani Priority the seating sadly was still 2 - 2 which making it too expensive, furthermore the choice of F&B is also extremely limited. For such fare rate I would expect the onboard F&B to be similar to those of Garuda Indonesia Business class, however the choice of F&B is similar to those of the regular Sembrani., even the so-called mini-bar only offer hot coffee and tea heck my own mini fridge has more selection of beverages than that.

As I had stated above, selling premium service is more about the value-added amenity services and not just about accomodation. Maybe my opinion is biased because I had traveled to so many places in the world since I was 14 years old, however if PT.KAI wish to succeed in selling Premium Service they still has long way ahead of them.

 

[Logam42]

For such fare rate I would expect the onboard F&B to be similar to those of Garuda Indonesia Business class, however the choice of F&B is similar to those of the regular Sembrani., even the so-called mini-bar only offer hot coffee and tea heck my own mini fridge has more selection of beverages than that.

As I had stated above, selling premium service is more about the value-added amenity services and not just about accomodation. Maybe my opinion is biased because I had traveled to so many places in the world since I was 14 years old, however if PT.KAI wish to succeed in selling Premium Service they still has long way ahead of them.

Nah, you're sharing constructive criticism, nothing wrong with that. It's something very rare in this forum, since it mostly caters to nationalists that want to discuss their military toys and show them off to one another. At least at first, it all started from the Pakistan DEFENCE forum after all.

The Indonesian community here is pretty large, and by the standards of the grand majority of posters here, among the best behaved. Apart from this and the defence thread we also have the moderately active:

1. https://defence.pk/pdf/threads/indonesia-aerospace-forum.328315/
   
2. https://defence.pk/pdf/threads/indonesian-defense-equipment-and-arms-exports.345821/
   
3. https://defence.pk/pdf/threads/jakarta-the-other-sides-you-dont-know.462139/
   
4. https://defence.pk/pdf/threads/1001-indonesia.494080/page-7

Among others. Haven't seen you around before, so, welcome to the community! I hope you enjoy your time here.

Also, a mini-bar that only serves tea and coffee isn't a minibar. You did right calling it out. Maybe for the train attendants they should cooperate with Garuda Airlines, nationalism aside, it legit has some of the best attendants in the airline business.

 

[Nike]

Komodo park crowded with tourists
Senin, 11 Juni 2018 12:02 WIB - 2 Views

Reporter: Aloysius Lewokeda

Tourists were observing Komodos or giant lizards (Varanus Komodoensis) on Rinca Island, East Nusa Tenggara, recently. (ANTARA /Hendra Nurdiyansyah)

Kupang, E Nusa Tenggara (ANTARA News) - Many tourists mostly foreign tourists have visited the Komodo National Park, an island in East Nusatenggara, special for its ancient Komodo dragon.

The number of domestic tourists also grew spending some time of the long holidays ahead and during Ied ul Fitr, to see the giant lizard not found in other place in the world.

"Currently the Komodo National Park is crowded with visitors because of the long holidays," Budi Kurniawan, head of the National Park said on Monday.

Budi said since early June, 2018, more tourists mainly foreign tourists have visited the island , now one of the world`s seven wonders of nature.

Normally more tourists visit the island until the high season in August, he said.

"In long holidays there are always more visitors especially foreign tourists to visit the island," he said.

It is not rare that tour operators reject demand for their service because of limited availability of vessels for transport to that island, he said.

"All vessels available in that area have been rented by other groups of tourists," Budi said.

Based on data at the Komodo National Park, 45,630 tourists mostly foreign tourists visited the island, which is one of the country`s 10 main tourist destination areas, in the first four months of the year.

Foreign tourists made up 27,550 of the total number of visitors with domestic visitors 17,640.

The number of visitors rose significantly from 38,147 in the same period in 2017.

"Normally the number of tourists was higher in June until peak season in August," Budi said. (AS)



Editor: Bambang Purwanto

COPYRIGHT © ANTARA 2018

 

[pr1v4t33r]

jurusan mana mas ?
Nama keretanya apa ?
Tiketnya berapa harganya ?
Kelihatannya menarik untuk dicoba.

KA Argo Bromo Anggrek, rute Stasiun Gambir - Stasiun Surabaya Pasarturi, harga tiket Rp900 ribu.

 

[trishna_amṛta]

It's something very rare in this forum, since it mostly caters to nationalists that want to discuss their military toys and show them off to one another.

I probably one of those extremist nationalist in real life , however that due to my life experience of constant interaction with many kind of peoples from across the world. However I do notice that most Indonesian posters here has lack of any technical knowledge regarding any weapon system let alone any basic operational knowledge with any.

Maybe for the train attendants they should cooperate with Garuda Airlines, nationalism aside, it legit has some of the best attendants in the airline business.

You know training those flight attendant ain't cheap (at least that is what they told me, and after spending few hours with her I tend to agree that she isn't going to be cheap to maintain )

Less known fact about flight attendant (and also train), they all outsource employee, and thus the quality of their training will rely solely to the company that supplied them. 5 stars airline such as Garuda however has the most stringent standard regarding flight attendant selection of which I hope they can always keep up.

 

[Nike]

Indonesia`s investment-led growth continues: World Bank
Selasa, 12 Juni 2018 09:25 WIB - 1 Views

Reporter: antara

Bank Dunia (World Bank) (commons.wikimedia.org)

Jakarta (ANTARA News) - An investment-led economic expansion has kept Indonesia`s economy growing at a solid pace, reaching 5.1 percent in the first quarter of 2018, according to the World Bank`s June 2018 Indonesia Economic Quarterly.

"Indonesia`s sound macro-economic fundamentals continue to provide a solid buffer against rising global volatilities," World Bank Country Director for Indonesia and Timor-Leste, Rodrigo A. Chaves, said in a statement here on Monday.

Chaves remarked that sound economic management has kept inflation in check and debt levels at about only half of the legal threshold.

Looking forward, however, Indonesia`s progress will depend on crucial structural policies such as those seeking to provide the population with the right skills for the future.

High global commodity prices have spurred higher investment, especially in machine, equipment, and vehicles, leading to fastest growth in gross fixed capital formation in more than five years.

The outlook for Indonesia?s economy continues to be positive for the rest of the year, with GDP growth projected to reach 5.2 percent in 2018 on stronger domestic demand.

Risks to this outlook include continued volatility in global financial markets and disruptions to international trade.

This latest edition of the Indonesia Economic Quarterly takes a closer look at 15 years of education reforms and assesses their impact in improving education outcomes and human capital in Indonesia, and the challenges that remain.

While schooling attainment has grown significantly, student learning remains below the levels of other countries in the region, compromising Indonesia?s competitiveness in the global economy, according to the report.

"More educational reforms are needed urgently to significantly enhance the quality of learning among students. With a large number of teachers retiring in the next decade, there will be a crucial opportunity to upgrade Indonesia`s teaching force," Lead Economist for the World Bank Indonesia, Frederico Gil Sander, remarked.

Graduates of secondary and tertiary education will have the necessary skills to find jobs in a changing labor market only through sustained efforts to improve the quality of learning outcomes.

Key recommendations for further education reforms include defining and enforcing teacher qualifications; complementing existing education financing mechanisms with a targeted, performance-based transfer for lagging schools and districts; and launching a national campaign to generate public pressure to improve student learning.

(A063/INE)
(T.A063/A/KR-BSR/A014)
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018