Indonesia Economy Forum

[pr1v4t33r]

Indonesia company to renovate Niger presidential palace

Jakarta (ANTARA News) - Vice Minister for Foreign Affairs of the Republic of Indonesia, Dr. A.M. Fachir, witnessed the signing of a Euro 20 million contract on Thursday in Niamey, Niger, calling for PT WIKA to renovate the Niger Presidential Palace.

The contract was signed by Operational Director III WIKA, Destiawan, and the Chief of Cabinet of Niger, Ouhoumoudou Mahamadou.

"This is a historical project and has strategic value, considering that this is the first project for PT WIKA in Sub-Saharan Africa. I am sure that after this project, there will be subsequent projects, either in the infrastructure sector or other potential fields," Vice Minister Fachir said in a statement here on Friday.

The renovation of the Niger Presidential Palace is a concrete result of the state visit of the President of Niger to Indonesia in October 2017.

At the Indonesia-Africa Forum in Bali, 10-11 April 2018, an initial agreement was also signed for the renovation project.

To work on this project, WIKA will receive financing from the Indonesia Eximbank, whose officials also attended the signing.

Officials noted that plans show a strong synergy between an SOE and an Indonesian institution, that needs to be replicated in other countries in Africa.

At the signing, Vice Minister Fachir also said that all relevant parties continue to work to identify other infrastructure projects that could become concrete business deals during the Indonesia-Africa Infrastructure Dialogue activities, to be held on August 20-21, 2019.

https://en.antaranews.com/news/117231/indonesia-company-to-renovate-niger-presidential-palace

 

[Nike]

The oldest athlete from Indonesia contingent in Asian games and the most richest guy in Indonesia (Asean), is Michael Bambang Hartono 79 years old. Surely he is joint because of his passion in bridge sport and love for the country

https://ekonomi.kompas.com/read/201...ndonesia-ternyata-ikut-berlaga-di-asian-games

 

[NEKONEKO]

Indonesia, Malaysia team up to develop local car brand

JAKARTA (The Jakarta Post/Asia News Network): Indonesia and Malaysia have reached a deal on a joint venture to produce the first fully local-made Asean vehicle for domestic use.

Government representatives of the two countries signed a memorandum of understanding (MoU) in Jakarta on Friday (Aug 10) to begin cooperation on the improvement of the automotive manufacturing workforce and supply chains with the aim of learning to fully produce components in the region and establish a new brand.

Malaysian Minister of International Trade and Industry Darrell Leiking, who signed the MoU on his country's behalf, lauded the move as a follow-up to the visit by Malaysian Prime Minister Tun Dr Mahathir Mohamad to President Joko "Jokowi" Widodo in June.

"This is a testimony where a strong bilateral economic relationship between Indonesia and Malaysia has come to reality," he said during the signing event. "This shows that Malaysia and Indonesia should not be separated and should stay together in the economic and social development of the Asean region."

Leiking pointed out that Indonesia was Malaysia's seventh biggest trading partner, with interdependency between the two countries' automotive industries.

According to Trade Ministry data, Indonesia booked a US$139mil surplus in trade with Malaysia from January to May this year amid total trade of US$7.65bil. The surplus marks a turnaround from a US$160mil deficit recorded over the same period last year.

The MoU charges the Malaysian Automotive Institute (MAI) and the Indonesian Automotive Institute (IOI) with running the venture. The two government-established bodies have lined up their respective automotive component makers to realise the MoU through business-to-business cooperation.

MAI CEO Datuk Mohamad Madani Sahari said that, Indonesia and Malaysia, if joining forces, were already capable of creating vehicles with 90% of the components made locally.

The two countries had also looked into the possibility of manufacturing cars that run on biodiesel, considering that Indonesia and Malaysia were the world's largest palm oil producers.

During his visit, Dr Mahathir said Indonesia and Malaysia needed to fight together against the European Union's plan to restrict imports of crude palm oil (CPO) and its derivative products.

"The IOI and MAI have agreed to implement further collaboration specifically for this research," Mohamad said following the event. "We will have more cooperation on research to advance our (capabilities) in creating electrical, hybrid vehicles."

However, he declined to set a target as to when any prototype vehicle made by the two countries might be completed, saying the entire process would be up to the corporations carrying out the MoU.

The Indonesian Industry Ministry's director general of resilience and development of international industrial access, I Gusti Putu Suryawirawan, said the number of Indonesian and Malaysian automotive component makers totalled almost 2,000 companies, with many of them falling in the small and medium enterprise category.

"The other important outcome of this (MoU) is human resource development - we will be able to upskill our automotive workers and exchange knowledge or information at the same time," Putu said.

He pointed out that such cooperation was living the spirit of the Asean Economic Community (AEC), which was established by Asean in 2015. The community entails a mutual recognition agreement (MRA) that guarantees engineers and professionals of seven other fields privileged access to the labor market of other Asean countries.

The MoU, he added, sought to create multiple types of vehicles, be it passenger cars, commercial or special-purpose vehicles.

"There are more than 640 million inhabitants in Asean. They will grow, and so will their purchasing power for vehicles," said Putu. "Therefore, we will do our best to supply that market."

IOI chairman Made Dana M. Tangkas said that, over the past years, high demand in Malaysia's automotive industry had prompted imports of components and spare parts from Indonesia.

Data from the Association of Indonesian Automotive Manufacturers (GIIAS) show that Indonesia had shipped almost 1.5 million individual components for passenger and commercial vehicles to Malaysia in the first half of 2018.

"This (MoU) is a warm-up toward the formation of a federation of Asean automotive institutes, which will concentrate on the benefits of Asean's own automotive industry," Made said, adding that the cooperating parties were looking forward to welcoming more Asean members, especially Thailand, which is the region's largest automotive producer.

source

 

[pr1v4t33r]

Jabodebek LRT trainset model, kinda similar with Palembang LRT

 

[UMNOPutra]

Indonesia, Malaysia team up to develop local car brand

JAKARTA (The Jakarta Post/Asia News Network): Indonesia and Malaysia have reached a deal on a joint venture to produce the first fully local-made Asean vehicle for domestic use.

Government representatives of the two countries signed a memorandum of understanding (MoU) in Jakarta on Friday (Aug 10) to begin cooperation on the improvement of the automotive manufacturing workforce and supply chains with the aim of learning to fully produce components in the region and establish a new brand.

Malaysian Minister of International Trade and Industry Darrell Leiking, who signed the MoU on his country's behalf, lauded the move as a follow-up to the visit by Malaysian Prime Minister Tun Dr Mahathir Mohamad to President Joko "Jokowi" Widodo in June.

"This is a testimony where a strong bilateral economic relationship between Indonesia and Malaysia has come to reality," he said during the signing event. "This shows that Malaysia and Indonesia should not be separated and should stay together in the economic and social development of the Asean region."

Leiking pointed out that Indonesia was Malaysia's seventh biggest trading partner, with interdependency between the two countries' automotive industries.

According to Trade Ministry data, Indonesia booked a US$139mil surplus in trade with Malaysia from January to May this year amid total trade of US$7.65bil. The surplus marks a turnaround from a US$160mil deficit recorded over the same period last year.

The MoU charges the Malaysian Automotive Institute (MAI) and the Indonesian Automotive Institute (IOI) with running the venture. The two government-established bodies have lined up their respective automotive component makers to realise the MoU through business-to-business cooperation.

MAI CEO Datuk Mohamad Madani Sahari said that, Indonesia and Malaysia, if joining forces, were already capable of creating vehicles with 90% of the components made locally.

The two countries had also looked into the possibility of manufacturing cars that run on biodiesel, considering that Indonesia and Malaysia were the world's largest palm oil producers.

During his visit, Dr Mahathir said Indonesia and Malaysia needed to fight together against the European Union's plan to restrict imports of crude palm oil (CPO) and its derivative products.

"The IOI and MAI have agreed to implement further collaboration specifically for this research," Mohamad said following the event. "We will have more cooperation on research to advance our (capabilities) in creating electrical, hybrid vehicles."

However, he declined to set a target as to when any prototype vehicle made by the two countries might be completed, saying the entire process would be up to the corporations carrying out the MoU.

The Indonesian Industry Ministry's director general of resilience and development of international industrial access, I Gusti Putu Suryawirawan, said the number of Indonesian and Malaysian automotive component makers totalled almost 2,000 companies, with many of them falling in the small and medium enterprise category.

"The other important outcome of this (MoU) is human resource development - we will be able to upskill our automotive workers and exchange knowledge or information at the same time," Putu said.

He pointed out that such cooperation was living the spirit of the Asean Economic Community (AEC), which was established by Asean in 2015. The community entails a mutual recognition agreement (MRA) that guarantees engineers and professionals of seven other fields privileged access to the labor market of other Asean countries.

The MoU, he added, sought to create multiple types of vehicles, be it passenger cars, commercial or special-purpose vehicles.

"There are more than 640 million inhabitants in Asean. They will grow, and so will their purchasing power for vehicles," said Putu. "Therefore, we will do our best to supply that market."

IOI chairman Made Dana M. Tangkas said that, over the past years, high demand in Malaysia's automotive industry had prompted imports of components and spare parts from Indonesia.

Data from the Association of Indonesian Automotive Manufacturers (GIIAS) show that Indonesia had shipped almost 1.5 million individual components for passenger and commercial vehicles to Malaysia in the first half of 2018.

"This (MoU) is a warm-up toward the formation of a federation of Asean automotive institutes, which will concentrate on the benefits of Asean's own automotive industry," Made said, adding that the cooperating parties were looking forward to welcoming more Asean members, especially Thailand, which is the region's largest automotive producer.

source

Good ..... Indonesia should open its market to Malaysia ..... so, Malaysia can transfer their capital, technology and human resource to help and assist Indonesia to be a wealth country like Malaysia ....

Btw ... we are also "Saudara serumpun" ....

 

[pr1v4t33r]

Meanwhile, Jakarta LRT undergoing trial run today..

 

[nufix]

Good ..... Indonesia should open its market to Malaysia ..... so, Malaysia can transfer their capital, technology and human resource to help and assist Indonesia to be a wealth country like Malaysia ....

Btw ... we are also "Saudara serumpun" ....

You do realize that Indonesia produces its own cars under Astra-Toyota, Astra-Daihatsu etc.partnership right? Much like Proton-Suzuki.

And you do realize that Indonesia has been open to Proton brands, its just Proton cannot compete with Astra-Toyota models like Innova, Avanza, etc. So it is more like Indonesia helping a failing Malaysian car brand because we are "saudara serumpun".

Nazri: Proton is a failed project; sale of equity can offset losses

KUALA LUMPUR: The national car maker, Proton is a failed, white elephant project, said Tourism and Culture minister, Datuk Seri Mohamed Nazri Abdul Aziz.

He said the failure has caused the current government to bear the heavy burden and as for now, the government will no longer be able to back Proton.

“The project is a failure. They are asking us (government) for money. All the time, billions of ringgit.

“How can it (the project) be successful if every year, you keep coming back to the government for money,” he said in response to Tun Dr Mahathir Mohamad’s comments of Proton’s equity being sold to Chinese car manufacturer, Geely Automobile Holdings Ltd.

“This project to me is a white elephant project. We inherited it from him (Tun M) and if it goes down, then he will blame us (saying) that we have failed.”

Nazri said selling off some of Proton’s equity could overcome the current losses that Proton is facing now.

“We have to find ways on how to save this and by the Chinese (company) taking up some equities, I think it is a good deal. We had to carry his burden and we cannot afford to support this company anymore.

https://www.nst.com.my/news/2017/03/216590/nazri-proton-failed-project-sale-equity-can-offset-losses

But then again, your entire family is a failure so I dont have to explain more.

 

[Indos]

Good ..... Indonesia should open its market to Malaysia ..... so, Malaysia can transfer their capital, technology and human resource to help and assist Indonesia to be a wealth country like Malaysia ....

Btw ... we are also "Saudara serumpun" ....

In term of car production, Indonesia is number two after Thailand in South East Asia. We even have engine production in here (Toyota). According to the fact, it is Indonesia that is ahead of Malaysia in this sector.

 

[NEKONEKO]

Good ..... Indonesia should open its market to Malaysia ..... so, Malaysia can transfer their capital, technology and human resource to help and assist Indonesia to be a wealth country like Malaysia ....

Btw ... we are also "Saudara serumpun" ....

If you think Malaysia is far ahead of Indonesia just because of Proton then you are wrong.
We have better production capability and technology it's just that we don't have local brands.
http://www.asean-autofed.com/statistics.html

 

[UMNOPutra]

You do realize that Indonesia produces its own cars under Astra-Toyota, Astra-Daihatsu etc.partnership right? Much like Proton-Suzuki.

And you do realize that Indonesia has been open to Proton brands, its just Proton cannot compete with Astra-Toyota models like Innova, Avanza, etc. So it is more like Indonesia helping a failing Malaysian car brand because we are "saudara serumpun".

Nazri: Proton is a failed project; sale of equity can offset losses

KUALA LUMPUR: The national car maker, Proton is a failed, white elephant project, said Tourism and Culture minister, Datuk Seri Mohamed Nazri Abdul Aziz.

He said the failure has caused the current government to bear the heavy burden and as for now, the government will no longer be able to back Proton.

“The project is a failure. They are asking us (government) for money. All the time, billions of ringgit.

“How can it (the project) be successful if every year, you keep coming back to the government for money,” he said in response to Tun Dr Mahathir Mohamad’s comments of Proton’s equity being sold to Chinese car manufacturer, Geely Automobile Holdings Ltd.

“This project to me is a white elephant project. We inherited it from him (Tun M) and if it goes down, then he will blame us (saying) that we have failed.”

Nazri said selling off some of Proton’s equity could overcome the current losses that Proton is facing now.

“We have to find ways on how to save this and by the Chinese (company) taking up some equities, I think it is a good deal. We had to carry his burden and we cannot afford to support this company anymore.

https://www.nst.com.my/news/2017/03/216590/nazri-proton-failed-project-sale-equity-can-offset-losses

But then again, your entire family is a failure so I dont have to explain more.

Nist important ....as "saudara Serumpun" ... you have treat us like your family ... please open freely your market for our product and let us to freely import your cheap labor to enlarge our manufacturing and agro sector .. A win win solution ...
So, we can access freely to your market .. Don't treat us as our competitor ... so, our economy can grow higher as wll as yours ..

 

[nufix]

Nist important ....as "saudara Serumpun" ... you have treat us like your family ... please open freely your market for our product and let us to freely import your cheap labor to enlarge our manufacturing and agro sector .. A win win solution ...
So, we can access freely to your market .. Don't treat us as our competitor ... so, our economy can grow higher as wll as yours ..

If Malaysia still cannot grow despite millions of Indonesian "cheap labor" since 80s, what makes you think Malaysia will grow even if you import more "cheap labors" from Indonesia? Labor is not the problem, Malaysian business environment is. Dude, just kill yourself, even your whore mother is ashamed of you.

 

[UMNOPutra]

If Malaysia still cannot grow despite millions of Indonesian "cheap labor" since 80s, what makes you think Malaysia will grow even if you import more "cheap labors" from Indonesia? Labor is not the problem, Malaysian business environment is. Dude, just kill yourself, even your whore mother is ashamed of you.

OMG ... Don't worry that your mother and sister are still "comfort" to live in Malaysia as "freelance whores" to feed your family in Indonesia .. We highly appreciate them because they had supported our growing tourism business ...

Tens of thousands of Indonesian women work in Malaysia's booming economy as domestics and prostitutes. Often illegal, they have few rights. SIDNEY JONES visits them.

By 2015, Malaysia had become the largest importer of labour in Asia, with a foreign workforce, legal and illegal, estimated to be well over three million men and women. The vast majority were Indonesian, most were unskilled and most were illegal - that is, they had come without proper documentation or overstayed their visas in violation of Malaysia's immigration laws.

The presence of so many immigrants had become a major domestic political issue within Malaysia, a sensitive foreign policy question in Indonesian-Malaysian relations, and a growing human rights concern.

On the domestic side, the Malaysian government was under pressure from some sectors, notably the Malaysian Agricultural Producers Association and the construction industry as well as from some state governments such as Johor, to bring in more workers.

At the same time there was growing pressure from the Malaysian Trade Unions Congress to stop the flow, on the grounds that migrants were depressing the wage structure and removing incentives to attract Malaysian workers.

The Malaysian Chinese Association and the largely Chinese Democratic Action Party (DAP) were concerned that the influx of Indonesians could alter the sensitive racial and ethnic balance.

Meanwhile officials of both the ruling party, the United Malays National Organisation (UMNO), and the opposition Islamic Party (Parti Islam or PAS), often saw the Indonesians as a potential boost to the Malay side. Passing out permanent residency cards to illegal Indonesian workers during election campaigns became a particularly notorious practice in the eastern Malaysian state of Sabah, on the northeastern coast of the island of Borneo.

By the mid-1980s, the Malaysian public, like its counterpart in other labour-receiving countries, was beginning to hold immigrants responsible for a rise in crime, prostitution and other social ills. This made it imperative for national politicians to be seen to be protecting the country's borders by detaining and deporting workers who lacked proper documents.

 

[nufix]

OMG ... Don't worry that your mother and sister are still "comfort" to live in Malaysia as "freelance whores" to feed your family in Indonesia .. We highly appreciate them because they had supported our growing tourism business ...

.

Jeez dude, no wonder you have something wrong in your head, turns out your daddy was always out to see those workers while your mommy was whoring with her neighbors. Maybe you are not your daddy's son after all LOL -

 

[trishna_amṛta]

Jeez dude, no wonder you have something wrong in your head, turns out your daddy was always out to see those workers while your mommy was whoring with her neighbors. Maybe you are not your daddy's son after all LOL -

Best comment
However, since I put that UMNO troll kid in my ignore list, so I have no idea what his was talking about (there is no point in reading troll materials anyway)

 

[Bungaterakhir]

Jeez dude, no wonder you have something wrong in your head, turns out your daddy was always out to see those workers while your mommy was whoring with her neighbors. Maybe you are not your daddy's son after all LOL -

Savage...Bahahahahhaha