Indonesia Economy Forum

[CountStrike]

Four BUMNs sign mou with European companies

Reporter: Antara 1 hour ago

State enteprises minister Rini Soemarno wirnesses signing of MOUs at Innotrans 2018 Exhibition in Germany on Thursday. (Humas Kementerian BUMN)

Jakarta (ANTARA News) - Four state companies (BUMNs) signed memorandum of understanding (MoU) with big European companies during the world`s largest rolling stock exhibition Innotrans 2018, now held in Germany.

Industrial electronics producer PT Len Industri, rolling stock company PT Industri Kereta Api (INKA) and railway company PT Kereta Api Indonesia (KAI) signed MoU with five European companies on Thursday and energy company PT Pertamina was to sign a cooperation agreement on Friday.

"The agreements are part of the steps taken by the BUMNs toward going international. Indonesia could become leader in rolling stock industry in Asean," Rini said in an official statement received by Antara on Thursday.

PT Len Industri sign a MoU with a Croatian company ALTPRO on a partnership in product development and certification to strengthen their respective businesses.

Len will supply interlocking, LED Signal, Point Machine, CTC and Engineering System; and Altpro will supply Axle Counter System, Level Crossing, and ATP.

INKA will collaborate with SKODA, a producer of propulsion and railway control systems from the Czech Republic

The two are committed to continuing expansion of cooperation and transfer of technology on Traction Motor and propulsion.

KAI will collaborate with Progress Rail, a supplier of products and railway service affiliated to heavy equipment company Caterpillar.

The collaboration will cover development and maintenance of rolling stock, modernization and repowering of locomotives and provision of high technology to improve security, effic iency and performance of railways.

Cooperation will also include training programs and development of the personnel of PT KAI.

"The cooperation agreements are expected to strengthen the BUMN business and performance in the future regionally and internationally," Rini said.



Reporting by Mentari Dwi Gayati
Editing by A. Saragih

 

[Nike]

Indonesia overtakes Thailand, VIetnam in fishery products trade balance
Sabtu, 22 September 2018 01:34 WIB - 4 Views

Reporter: Muhammad Razi Rahman

Salted fish dried in Kandanghaur, Indramayu, West Java. (ANTARA Photo)

Jakarta (ANTARA News) - Indonesia has overtaken the other ASEAN member states in terms of trade balance in marine and fishery products, said Maritime Affairs and Fisheries Minister Susi Pudjiastuti.

"Since the government of the Working Cabinet took office, Indonesia`s trade balance in fishery products has outstripped that of Thailand and Vietnam," she said here on Friday.

According to statistics of the International Trade Center in 2018, Indonesia`s trade balance in fishery products in March 2018 reached US$349,441, ahead of Thailand with US$120,564.

Data from the Central Statistics Agency (BPS) showed Indonesia`s fishery exports in the first half of 2018 reached US$2.2 billion, up 12.88 percent compared to the same period last year.

The ministry is also intensifying its efforts to increase the country`s fishery exports to a number of countries, including Japan, by participating in the Japan International Seafood and Technology Expo (JISTE) this year.

She further said she had introduced the so-called susianisasi concept, which called for an efficient, an effective, a sufficient, an accountable and a product-oriented budget.

Earlier, Director General of Fish Farming of the Maritime Affairs and Fishery Slamet Soebjakto said the regulations issued by the ministry did not hamper the export of fishery products, including those from the country`s outlaying region of Natuna.

Reporting by Muhammad Razi Rahman
Editing by Bustanuddin


Editor: Bustanuddin

COPYRIGHT © ANTARA 2018

 

[pr1v4t33r]

 

[UMNOPutra]

Hahahaha ... Basic character of "Mentality Kecundang" ..Blame all bad things to the other (in this case Operator of LRT) ..

 

[Svantana]

 

[Nike]

Methanol industry anchor industry at Teluk Bintuni Industrial Estate: Minister
Senin, 24 September 2018 17:38 WIB - 0 Views

Reporter: antara

Minister of Industry Airlangga Hartarto when giving a speech at the seminar "Market Sounding Development of the Petrochemical Industrial Zone in Bintuni Bay", in Jakarta, Monday (9/24/2018). (ANTARA News/ Sella Panduarsa Gareta)

Jakarta (ANTARA News) - Industry Minister Airlangga Hartarto said, based on analysis and market demand, methanol industry is the right anchor industry at the Teluk Bintuni Petrochemical Industrial Estate of West Papua Province.

"Metahnol requirement in Indonesia is predicted to reach 871,000 tons in 2021, but the country only has one company PT Kaltim Methanol Indonesia producing the chemical material," Airlangga said here on Monday.

Anchor industry of an industrial estate is one that is expected to be able to attract many industries to the industrial estate.

Airlangga said PT Kaltim Methanol Indonesia could supply only 330,000 tons of the domestic requirement for methanol a year.

In addition, the choice on methanol industry as the `anchor industry` is also considering the potential of the derivatives of methanol such as Polyethylene/polypropylene, Dimethyl Ether (DME), methyl tertiary-butyl ether (MTBE), etc.

"We have strong confidence that the Petrochemical Industrial Estate in Teluk Bintuni could grow as other petrochemical industrial estates that has expanded rapidly at present," the minister said.

He cited the petrochemical industrial estate in Bontang, East Kalimantan Timur, which is the country`s first cluster of petrochemical industrial estate which run well for more than 30 years.

Currently, the country has five petrochemical factories in the East Kalimantan Industrial Estate (KIE) in Bontang with various products including ammonia, urea fertilizer, methanol, and ammonium nitrate.

Reporting by Sella Panduarsa Gareta
Editing by Rahmad Nasution
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[Nike]

Industry minister inaugurates Chinese optic fiber factory in Karawang
Selasa, 25 September 2018 20:55 WIB - 1 Views

Reporter: Antara

Industry Minister Airlangga Hartarto is briefed by President Director of PT ZTT Cable Indonesia Ye Zhifeng on optic fiber cable while inspecting the company's factory in Karawang, West Java, on Tuesday (Sept 25, 2015) (ANTARA News/ Biro Humas Kementerian Perindustrian)

Karawang, W Java, (ANTARA News) - Minister of Industry, Airlangga Hartarto, has inaugurated a Chinese fiber optic cable factory, PT ZTT Cable Indonesia, in Surya Cipta Industrial Area, Karawang, West Java.

"Congratulations. I would like to express my highest appreciation to PT ZTT Cable Indonesia for investing in Indonesia and participating in building and developing fiber optic cable industry in Indonesia," Hartarto stated here on Tuesday.

Hartarto, who was accompanied by the Director General of Metal, Machinery, Transportation and Electronic Equipment at the Ministry of Industry, Harjanto, conveyed his remarks during a speech at the inauguration of the PT ZTT Cable Indonesia cable factory.

According to the minister, the factory, with an investment of US$40 million, will start its production in October 2018.

The factory, which is built in an area of 36,300 square meters, will produce one million kilometers of fiber optic cable per year, one million kilometers of optical fiber per year, and two million kilometers of ground wire per year.

Hartarto hoped that the plant will make technology transfer, absorb a lot of labors, and have positive impacts on other economic activities.

With this factory, he continued, Indonesia could reduce the import of fiber optic cables to 10 percent of the total cable needs of 9 million kilometers per year.

"This new plant is expected to reduce imports by 8-10 percent of the annual needs, so that it can save foreign exchange of approximately $500 million," he pointed out.

Reporting by Sella Panduarsa Gareta
Editingt by Libertina W Ambari

Editor: Suharto

COPYRIGHT © ANTARA 2018

 

[pr1v4t33r]

PT Inka manufactures 31 driverless trains for LRT

State-owned train manufacturer PT Industri Kerata Api (Inka) is producing 31 trains worth Rp 3.9 trillion (US$261.86 million) and that will be used for the Bogor-Jakarta and the Bekasi-Jakarta light-rail transit (LRT) projects, which are under construction.

“What we are producing now is different from [the trains] currently operating in Palembang [South Sumatra]. The new trains will be driverless,” PT Inka spokesman Exiandri Bambang Primadani said on Thursday.

PT Inka manufactured the trains that have been running on LRT tracks in Palembang since the city co-costed the 2018 Asian Games.

The 31 trains were ordered by state-owned railway operator PT Kerata Api Indonesia (KAI), which will run the LRT lines in Greater Jakarta. Each train comprises six train cars that can travel 100 kilometers per hour.

Exiandri said the trains currently being manufactured were an improvement to those in Palembang.

Exiandri said PT Inka collaborated with a number of vendors in Europe to produce the train, which are made up of 50 percent local content. They will be completed by 2019, he added.

http://www.thejakartapost.com/news/2018/09/28/pt-inka-manufactures-31-driverless-trains-for-lrt.html

 

[Logam42]

Peresmian Pengoperasian Pabrik Switchgear di Cikande
Kompas Images - 20/8/2018

https://foto.kompas.com/photo/detai...ian-pabrik-switchgear-di-cikande#&gid=1&pid=8 (Epic 9 shot slideshow)

CIKANDE, KOMPAS.com - PT Perusahaan Listrik Negara (Persero) melalui anak usahanya, PT Prima Layanan Nasional (PLN) Enjiniring meresmikan pengoperasian pabrik switchgear Tegangan Tinggi (TT) dan Tegangan Ekstra Tinggi (TET) pertama di Indonesia milik PT Crompton Prima Switchgear Indonesia (PT CPSI) pada Senin (20/08/2018) di Kawasan Industri Modern Cikande, Banten.

Peresmian dilakukan secara simbolis oleh Direktur Perencanaan Korporat PT PLN Syofvi Felienty Roekman dan Direktur Teknik dan Lingkungan Ketenagalistrikan Munir Ahmad.

PT CPSI adalah perusahaan joint venture antara CG International Holdings Singapore Pte. Ltd (anak perusahaan dari Crompton Greaves Ltd – CG) dan PT Prima Layanan Nasional Enjiniring (anak perusahaan dari PT PLN (Persero). Pendirian pabrik switchgear ini adalah bagian dari inisiatif dan upaya untuk mendorong industri nasional yang akan mendukung sektor ketenagalistrikan di Indonesia, guna memenuhi kebutuhan peralatan switchgear dalam negeri serta untuk ekspor ke pasar Asia Tenggara dan Asia Pasifik.

Syofvi Felienty Roekman mengatakan bahwa kebutuhan investasi dan operasi di sektor ketenagalistrikan masih sangat besar. Hal ini menjadi tantangan bagi PLN untuk dapat mengelola dan mengembangkan sumber dayanya secara optimal.

''PLN juga menjalankan amanat Presiden RI Joko Widodo untuk meningkatkan kandungan tingkat komponen Dalam Negeri dengan mengendalikan impor barang dan memaksimalkan penggunaan komponen dalam negeri, pabrik switchgear milik PT CPSI ini salah satu bukti nyata usaha PLN untuk meningkatkan TKDN dalam pengadaan barang dan jasa'', ungkap Syofvi.

Pabrik switchgear PT CPSI ini didirikan di dalam kawasan Industri Modern Cikande, Serang, Banten, dengan total investasi US$22,5 juta yang dibiayai oleh pinjaman bank dan setoran modal.

Pabrik ini juga memiliki kapasitas produksi tahunan sebanyak 1.000 unit SF-6 Gas Circuit Breakers, 2.000 unit Lightning Arresters, dan 4.000 unit Instrument Transformers (CT, CVT, IVT), pada tingkat tegangan 70 kV s.d. 500 kV. Jumlah tenaga kerja ahli termasuk back-office yang diserap mencapai 60 orang dan tenaga teknisi mencapai 200 orang. AL
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A/N: Sorry for the use of Indo language, but its a pretty damn important piece of news. What with the uncertainty of our Mega-Electricity program due to import-heavy requirements, this Joint Venture company is going to be a godsend in the years to come!

 

[trishna_amṛta]

What with the uncertainty of our Mega-Electricity program due to import-heavy requirements, this Joint Venture company is going to be a godsend in the years to come!

Let's hope the South Korean investment to build steam-turbine could be realized fast enough. Having the capability to manufacture turbine blade locally will pave the way to manufacture different kind of turbine blade in the future (such as gas turbine) of which so far has always been dominated by US and Japan.

 

[Logam42]

RUPIAH AT LOWEST SINCE ASIAN FINANCIAL CRISIS, BUT INDONESIA KEEPS CALM AND CARRIES ON
With consumer prices falling, wages rising and inflation under control, the Bank Indonesia governor rubbishes comparisons with 20 years ago. “Come on!,” he says. “You make it sound like Indonesia is falling apart”

Bank Indonesia governor Perry Warjiyo. Photo: Bloomberg

The Asian financial crisis may have occurred two decades ago, but it continues to cast a long shadow over Indonesia. The country’s modern image was defined in the summer of 1998 as a currency crash sparked social and political chaos, culminating in the downfall of President Suharto and the birth of a reformed democracy.

This week, the rupiah fell to its lowest level since that fateful summer; it is now trading at more than 15,000 rupiah to the US dollar, having weakened by 10 per cent overall this year.

Southeast Asia’s largest economy has proved to be as vulnerable as other emerging markets to the uncertainty and turbulence triggered by the United States-China trade war and rising oil prices. Countries as diverse as Turkey, India, Argentina and South Africa have all seen their currencies weaken as investors retreat to more traditional safe havens and stores of value.

But the rupiah’s continued depreciation is a blow to Bank Indonesia (BI), the central bank, which has been determined to avoid another rout, increasing interest rates five times since May in an attempt to stabilise the currency.

But while Indonesian holidaymakers may be disappointed in the exchange rate for the rupiah while travelling abroad, back home there is no sense of an imminent crisis.

Consumer prices are actually falling rather than rising, largely due to a decrease in prices on staple foods such as chicken, eggs, onions and chillies. Wages are also slightly rising and, for the moment, inflation is under control.

Consumer prices are falling largely due to a decrease in prices on staple foods, such as chicken and chillies. Photo: EPA-EFE​

As Perry Warjiyo, the governor of Indonesia’s central bank, puts it, “the fundamentals of the economy are sound”. Warjiyo dismissed comparisons to 1998 when asked this week about the currency’s current slump, which made headlines across the region.

“Why do you keep saying it’s ‘the lowest since the Asian crisis’, this kind of thing?” he tells This Week In Asia. “You make it sound like Indonesia is falling apart.”

He adds: “How much has the rupiah fallen this year? 9.8 per cent. But how much has the [Indian] rupee fallen? Twelve per cent. How much is the decline in Turkey, how much in South Africa, how much in Argentina?

“Come on! Compare [the rupiah] with the rupee and other countries’ currencies. Our depreciation sends many jitters, but it is still manageable. And of course our rupiah is undervalued, compared to its fundamentals.”

The BI governor is aiming to restore confidence not just in the aftermath of a terrible earthquake and tsunami in Central Sulawesi, but in advance of the annual World Bank and International Monetary Fund meetings that will take place in Bali next week.

The biggest players in world finance and development economics will be arriving and Indonesia – as well as the economy of the wider region – will be the focus of attention.

Indonesian police take part in security preparations for the upcoming IMF and World Bank annual meeting in Denpasar, Bali. Photo: EPA-EFE​

“Asia has emerged as one of the engines of the global economy,” Warjiyo says. “We want to promote [the message] that Indonesia is reformed, resilient and a progressive economy.”

Also on the agenda in Bali will be “harmonising of international economic policy to create a sustained recovery”, the digital economy, new infrastructure projects with funding from public-private partnerships and Islamic sharia-compliant finance, he adds.

Yet amid the reassuring noises from the BI governor, there are signs of strain in some parts of the economy. Indonesia is one of the few countries in the region running a current account deficit, which in July climbed to US$8.03 billion, the highest level in five years.

Warjiyo admits this may require a “diet” to reduce it from a predicted 3 per cent of Indonesia’s gross domestic product this year to 2.5 per cent in 2019.

Rising global oil prices are also expected to take a toll on the country’s finances, yet at present, most of the cost is being absorbed by the state-owned petrochemical company Pertamina, which is billions of dollars in debt.

A 1998 file photo shows then Indonesian President Suharto signing a new letter of agreement before IMF director general Michel Camdessus in Jakarta. The letter spelt out the measures that Indonesia had to take in return for a massive bailout led by IMF. Photo: AFP​

Meanwhile, businesses that rely on importing foreign products and materials, such as many in the food and beverage industry, are being asked to bear increased cost pressures without increasing prices.

“The profitability of hotels and other businesses will be suffering but they won’t feel like they can pass on increased costs to consumers,” says Matt Gebbie of Jakarta-based tourism consultancy Horwath HTL. “The domestic market is extremely price sensitive, and Indonesians will simply go elsewhere if they feel they are being charged too much.”

Adhi Lukman, from the Indonesian Food and Beverage Producers’ Association, says: “We will hold back from raising the prices of our products [despite rising ingredient costs], however it will be a challenge for us, because our profit margins will definitely be in decline.”

Airlines are also bearing the double effects of a weaker rupiah as well as rising fuel costs, and Indonesia’s national carrier Garuda has ruled out making a profit this year, simply aiming to keep its losses under US$100 million.

What Widodo’s pick for veep says about Indonesian politics
Prices and jobs are likely to be key issues during the campaign for the presidential election next April, as opposition candidate Prabowo Subianto is expected to sow doubts in voters’ minds about President Joko Widodo, despite a lack of alternative policies.

Although Widodo may wish that any impact on the cost of living is delayed at least until after the election, his government cannot be accused of ignoring the rupiah’s weakness.

In recent weeks, ministers have proposed a series of high-profile measures designed to shore up the currency, from imposing higher taxes on 1,100 non-essential imported products – such as caviar and luxury foreign cars – to postponing infrastructure projects whose budgets have come under pressure from the strong US dollar.

How effective such measures will be in halting the rupiah’s slide remains to be seen.

Warjiyo, meanwhile, defends his bank’s hawkish attitude in raising benchmark interest rates to the current 5.75 per cent. “I’m learning from the past,” the veteran central banker says.
_____________________

Let's hope the South Korean investment to build steam-turbine could be realized fast enough. Having the capability to manufacture turbine blade locally will pave the way to manufacture different kind of turbine blade in the future (such as gas turbine) of which so far has always been dominated by US and Japan.

Let's hope so! I often feel that Indonesia is lucky to already have a sizable manufacturing base, and is large enough to have deposits of pretty much all the base materials construction in our soil. Outside of Power plants, more than 82% of infrastructure procurement costs goes to locally mined & manufactured goods and commodities.

The Phillipines are going to have a tougher time building infrastructure because of their relative lack of manufacturing and base materials in their country.

 

[trishna_amṛta]

2018 IMF - World Bank Summit

I definitely looking forward for any info of any agreement or future monetary policy that will came out from this summit (I happen to be crypto miner)

 

[UMNOPutra]

RUPIAH AT LOWEST SINCE ASIAN FINANCIAL CRISIS, BUT INDONESIA KEEPS CALM AND CARRIES ON
With consumer prices falling, wages rising and inflation under control, the Bank Indonesia governor rubbishes comparisons with 20 years ago. “Come on!,” he says. “You make it sound like Indonesia is falling apart”

Bank Indonesia governor Perry Warjiyo. Photo: Bloomberg

The Asian financial crisis may have occurred two decades ago, but it continues to cast a long shadow over Indonesia. The country’s modern image was defined in the summer of 1998 as a currency crash sparked social and political chaos, culminating in the downfall of President Suharto and the birth of a reformed democracy.

This week, the rupiah fell to its lowest level since that fateful summer; it is now trading at more than 15,000 rupiah to the US dollar, having weakened by 10 per cent overall this year.

Southeast Asia’s largest economy has proved to be as vulnerable as other emerging markets to the uncertainty and turbulence triggered by the United States-China trade war and rising oil prices. Countries as diverse as Turkey, India, Argentina and South Africa have all seen their currencies weaken as investors retreat to more traditional safe havens and stores of value.

But the rupiah’s continued depreciation is a blow to Bank Indonesia (BI), the central bank, which has been determined to avoid another rout, increasing interest rates five times since May in an attempt to stabilise the currency.

But while Indonesian holidaymakers may be disappointed in the exchange rate for the rupiah while travelling abroad, back home there is no sense of an imminent crisis.

Consumer prices are actually falling rather than rising, largely due to a decrease in prices on staple foods such as chicken, eggs, onions and chillies. Wages are also slightly rising and, for the moment, inflation is under control.

Consumer prices are falling largely due to a decrease in prices on staple foods, such as chicken and chillies. Photo: EPA-EFE​

As Perry Warjiyo, the governor of Indonesia’s central bank, puts it, “the fundamentals of the economy are sound”. Warjiyo dismissed comparisons to 1998 when asked this week about the currency’s current slump, which made headlines across the region.

“Why do you keep saying it’s ‘the lowest since the Asian crisis’, this kind of thing?” he tells This Week In Asia. “You make it sound like Indonesia is falling apart.”

He adds: “How much has the rupiah fallen this year? 9.8 per cent. But how much has the [Indian] rupee fallen? Twelve per cent. How much is the decline in Turkey, how much in South Africa, how much in Argentina?

“Come on! Compare [the rupiah] with the rupee and other countries’ currencies. Our depreciation sends many jitters, but it is still manageable. And of course our rupiah is undervalued, compared to its fundamentals.”

The BI governor is aiming to restore confidence not just in the aftermath of a terrible earthquake and tsunami in Central Sulawesi, but in advance of the annual World Bank and International Monetary Fund meetings that will take place in Bali next week.

The biggest players in world finance and development economics will be arriving and Indonesia – as well as the economy of the wider region – will be the focus of attention.

Indonesian police take part in security preparations for the upcoming IMF and World Bank annual meeting in Denpasar, Bali. Photo: EPA-EFE​

“Asia has emerged as one of the engines of the global economy,” Warjiyo says. “We want to promote [the message] that Indonesia is reformed, resilient and a progressive economy.”

Also on the agenda in Bali will be “harmonising of international economic policy to create a sustained recovery”, the digital economy, new infrastructure projects with funding from public-private partnerships and Islamic sharia-compliant finance, he adds.

Yet amid the reassuring noises from the BI governor, there are signs of strain in some parts of the economy. Indonesia is one of the few countries in the region running a current account deficit, which in July climbed to US$8.03 billion, the highest level in five years.

Warjiyo admits this may require a “diet” to reduce it from a predicted 3 per cent of Indonesia’s gross domestic product this year to 2.5 per cent in 2019.

Rising global oil prices are also expected to take a toll on the country’s finances, yet at present, most of the cost is being absorbed by the state-owned petrochemical company Pertamina, which is billions of dollars in debt.

A 1998 file photo shows then Indonesian President Suharto signing a new letter of agreement before IMF director general Michel Camdessus in Jakarta. The letter spelt out the measures that Indonesia had to take in return for a massive bailout led by IMF. Photo: AFP​

Meanwhile, businesses that rely on importing foreign products and materials, such as many in the food and beverage industry, are being asked to bear increased cost pressures without increasing prices.

“The profitability of hotels and other businesses will be suffering but they won’t feel like they can pass on increased costs to consumers,” says Matt Gebbie of Jakarta-based tourism consultancy Horwath HTL. “The domestic market is extremely price sensitive, and Indonesians will simply go elsewhere if they feel they are being charged too much.”

Adhi Lukman, from the Indonesian Food and Beverage Producers’ Association, says: “We will hold back from raising the prices of our products [despite rising ingredient costs], however it will be a challenge for us, because our profit margins will definitely be in decline.”

Airlines are also bearing the double effects of a weaker rupiah as well as rising fuel costs, and Indonesia’s national carrier Garuda has ruled out making a profit this year, simply aiming to keep its losses under US$100 million.

What Widodo’s pick for veep says about Indonesian politics
Prices and jobs are likely to be key issues during the campaign for the presidential election next April, as opposition candidate Prabowo Subianto is expected to sow doubts in voters’ minds about President Joko Widodo, despite a lack of alternative policies.

Although Widodo may wish that any impact on the cost of living is delayed at least until after the election, his government cannot be accused of ignoring the rupiah’s weakness.

In recent weeks, ministers have proposed a series of high-profile measures designed to shore up the currency, from imposing higher taxes on 1,100 non-essential imported products – such as caviar and luxury foreign cars – to postponing infrastructure projects whose budgets have come under pressure from the strong US dollar.

How effective such measures will be in halting the rupiah’s slide remains to be seen.

Warjiyo, meanwhile, defends his bank’s hawkish attitude in raising benchmark interest rates to the current 5.75 per cent. “I’m learning from the past,” the veteran central banker says.
_____________________


Let's hope so! I often feel that Indonesia is lucky to already have a sizable manufacturing base, and is large enough to have deposits of pretty much all the base materials construction in our soil. Outside of Power plants, more than 82% of infrastructure procurement costs goes to locally mined & manufactured goods and commodities.

The Phillipines are going to have a tougher time building infrastructure because of their relative lack of manufacturing and base materials in their country.

Hahahaha ... I like his "reaction" as a politician .. not as governor of your central bank ......and I will laugh if you still "trust" him ...

 

[Logam42]

2018 IMF - World Bank Summit

I definitely looking forward for any info of any agreement or future monetary policy that will came out from this summit (I happen to be crypto miner)

News from bloomberg is that foreign investors are starting to buy back the Indonesian bonds they were so eager to get rid off just a month ago.

Let's hope this meeting helps show the world just how good our fundamentals are.

 

[Nike]

News from bloomberg is that foreign investors are starting to buy back the Indonesian bonds they were so eager to get rid off just a month ago.

Let's hope this meeting helps show the world just how good our fundamentals are.

The recent events and dissaster brought a new fact, we are a great Country with unlimited potential to become a great Nation standing among the top. We can cater the needs of two or three large scale event in just a month space time, and fight against two destructive large scale dissaster without exhausting our resources and still prepared for another events. And i wish we are becoming a resillient, stoic and a great Nation after passing all of the tests