Indonesia Economy Forum

[Nike]

Indonesia has world`s ninth-fastest growing tourism sector
Selasa, 23 Oktober 2018 20:28 WIB - 0 Views

Reporter: antara

Tourism Minister Arief Yahya (ANTARA PHOTO/Akbar Nugroho Guma)

Jakarta (ANTARA News) - Indonesia has been declared as having the ninth-fastest growing tourism sector in the world, the third in Asia, and the fastest-growing tourism in Southeast Asia.

"Indonesia is a country with the ninth-fastest growing tourism in the world, the third in Asia, and the fastest in ASEAN," Tourism Minister Arief Yahya remarked, while highlighting the achievements of the Joko Widodo administration in the past four years at the State Secretariat here, on Tuesday.

He cited a report of the UK`s media The Telegraph that put Indonesia among 20 countries with fastest growing tourism sector.

"They consider Indonesia`s tourism growth to be four times higher compared to the regional and global growth. The data have proven the claim," Yahya stated.

Indonesia`s tourism growth during the past few years has reached 25.68 percent compared to ASEAN, which recorded a seven percent growth and world`s growth at six percent.

According to the World Economy Forum (WEF), the country`s Travel and Tourism Competitiveness Index has shown significant growth, with an increase of 8 points in world ranking from 50 in 2015 to 42 in 2017.

Yahya noted that the tourism sector grew 22 percent in 2017, the second fastest after Vietnam, which recorded a 29 percent of growth, but higher than the 6.4 percent average growth of global tourism and 7 percent average growth in the ASEAN tourist industry.

"Vietnamese tourism grew faster as they made a lot of deregulations, while Malaysia grew by four percent, and so with Thailand," he continued.

Tourism sector has contributed US$15 billion to the state revenue in 2017, higher than the contribution of $12.2 billion in 2015 and $13.6 billion in 2016.

In 2018, the sector is targeted to get $17 billion of foreign exchange and $20 billion in 2020.

Meanwhile, foreign tourist visits to the country has increased significantly, from 9.7 million in 2015 to 11.5 million and 14 million in 2016 and 2017, respectively.

As of August, the number of foreign tourists visiting the country had reached 10.58 million of the total target of 17 million.

"Domestic tourists have also continued to increase. It has reached 255 million in 2015, 264 million in 2016, and 271 million in 2017," the minister remarked.

The ministry has committed to become the top contributor to the state revenue, with projection of $20 billion of revenue from the sector in 2019.

Indonesia`s rank in Tourism Index, according to the World Travel and Tourism Council (WTTC), has increased consistently, from rank 70 in 2013 to rank 50 in 2015 and 42 in 2017.

Indonesia`s tourism sector has achieved 46 awards in 22 countries in 2016, 27 awards in 13 countries in 2017, and 31 awards in nine countries as of the third quarter of 2018, Yahya disclosed.

Present at the occasion were Coordinating Minister for Economic Affairs Darmin Nasution, Trade Minister Enggartiasto Lukita, Communication and Informatics Minister Rudiantara, Public Works and Housing Minister Basuki Hadimuljono, Marine Affairs and Fisheries Minister Susi Pudjiastuti, Finance Minister Sri Mulyani, and Industry Minister Airlangga Hartarto.

Reporting by Hanni Sofia
Editing by Sri Haryati, Yoseph Hariyadi
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[Nike]

Indonesia, Japan agree on 79 billion yen loan for MRT
Rabu, 24 Oktober 2018 16:11 WIB - 2 Views

Reporter: Antara

A Mass Rapid Transit (MRT) train for Jakarta's first phase route between Lebak Bulus and Bundaran Hotel Indonesia passes in South Jakarta on Monday (22/10/2018). (ANTARA FOTO/Dhemas Reviyanto/wsj.

Jakarta (ANTARA News) - The Governments of Indonesia and Japan have agreed on a 70.210 billion yen (Rp10 trillion) loan to finance the construction of the track of the Mass Rapid Transit (MRT) in the second phase.

The loan agreement was signed by Director General of Asia Pacific and Africa of the Foreign Office Desra Percaya and Japan`s Ambassador to Indonesia Masafumi Ishii here on Wednesday.

Councillor for Economy at the Japanese Embassy Shigemi Ando said the loan is a form of Japanese support for the government of Indonesia to facilitate transport in Jakarta.

"The Indonesian Government has shown strong commitment to providing efficient public transport with the MRT plan now in the final phase," he said.

The loan for 40 years with an annual interest of 0.1 percent would be used to finance the construction of an eight- kilometer track between the station of Bundaran Hotel Indonesia (HI), Central Jakarta and Kampung Bandan, North Jakarta.

The fund also would be used for development of first phase track between Lebak Bulus, South Jakarta and Bundaran HI, to be completed in December 2018.

Ando said the size of the loan fund is based on a feasibility study carried out by the Japan International Cooperation Agency (JICA).

Construction of the MRT track in the second phase is to be completed in 2035.



Reporting by Azizah Fitriyanti
Editing by A Saragih

Editor: Yosep Hariyadi

COPYRIGHT © ANTARA 2018

 

[Indos]

Construction of the MRT track in the second phase is to be completed in 2035.

I bet it is a typo, it should be rather 2025

 

[Bungaterakhir]

Data center competition heats up in Southeast Asia
source : Link

SINGAPORE -- Indonesia is challenging Singapore's dominance in data center investment by attracting industry giants Google, Alibaba and Amazon, with the latter proposing to pour nearly $1 billion into the country.

The U.S. internet giant Google said this month that Indonesia would become its newest Asian hub for cloud services. The plan, which means setting up a data center in the world's fourth most populous nation, will be taking form soon, said Google Asia Pacific Managing Director Rick Harshman, at a recent Google Cloud Summit in Jakarta. The company is making "long-term investments in the infrastructure," he added, without specifying the amount.

Google's move reflects a growing interest in Indonesia as an alternative to Singapore, traditionally the focus of cloud service investment because of its good fiber connectivity.

It follows a similar initiative by Amazon. The e-commerce heavyweight is set to invest 14 trillion rupiah ($924 million) in Indonesia over 10 years, initially focusing on cloud services. Amazon Vice President Werner Vogels pitched the proposal on Sept. 21 to Indonesian President Joko Widodo, said Finance Minister Sri Mulyani Indrawati, who attended the meeting at the presidential palace.

Plans call for introducing cloud computing unit Amazon Web Services to the Indonesian market, the finance minister said. Amazon's investment is also likely to entail the opening of its first data center in the country, because the cloud business "resides" in data centers, according to industry expert Lynus Pook, associate director of real estate service company Cushman & Wakefield.

BENTLEY SYSTEMS ANNOUNCES YEAR IN INFRASTRUCTURE 2018 AWARDS WINNERS
Source : Link

London — Bentley Systems, Incorporated announced the winners of the Year in Infrastructure 2018 Awards. The annual awards program honors the extraordinary work of Bentley users advancing design, construction, and operations of infrastructure throughout the world. Twelve independent jury panels of distinguished industry experts selected the 57 finalists from 420 nominations submitted by more than 340 user organizations around the world.

At a ceremony and gala at the conclusion of Bentley’s Year in Infrastructure 2018 Conference, Bentley acknowledged 19 Year in Infrastructure Awards winners and nine Special Recognition Awards winners.

Year in Infrastructure 2018 Special Recognition Awards winners:

Bridges
WIJAYA KARYA (Persero) Tbk – Design and Build of Road Bridge at Teluk Lamong Port Project – Gresik-Surabaya, East Java, Indonesia

Communications Networks
iForte Solusi Infotek – iForte Fiber Management System – Jakarta, Indonesia

Environmental Engineering
WIJAYA KARYA (Persero) Tbk – Landslide Disaster Protection Project on the National Road Network – Cianjur, West Java, Indonesia

Manufacturing
Digital Engineering (BIM) Center of Shenyang Aluminum & Magnesium Engineering & Research Institute Co., Ltd. – Alumina Refinery Project Cooperated between CHALCO and Indonesia – Bukit Batu, West Kalimantan, Indonesia

 

[trishna_amṛta]

Data center competition heats up in Southeast Asia
source : Link

SINGAPORE -- Indonesia is challenging Singapore's dominance in data center investment by attracting industry giants Google, Alibaba and Amazon, with the latter proposing to pour nearly $1 billion into the country.

Google's move reflects a growing interest in Indonesia as an alternative to Singapore, traditionally the focus of cloud service investment because of its good fiber connectivity.

Indonesia still has very long way to outcompete Singapore for cloud storage market. The main reason any major company willing to build their datacenter in Indonesia is to cater Indonesia market and NOT regional market.

For those of you whose wondering as the why I said Indonesia still lack far behind, it's due to the QUALITY of the infrastructure particularly PLN distribution grid and the availability of skilled human resources (of which we do not have). For example I've just recently end up buying a new laptop because the hardrive (and apparently so does the motherboard) of my previous laptop were fried due to square-wave that was coming from PLN line. And that was not the first case of my electronics was damaged due to square-wave coming out of PLN line.

 

[Bungaterakhir]

ASEAN Most Valuable Brands (USD bn)

1. Indonesia = 848
2. Singapore = 530
3. Philippines = 524
4. Malaysia = 523
5. Thailand = 509
6. Vietnam = 235
7. Myanmar = 52

ASEAN Strongest Brands by Rating

1. Singapore = AAA+
2. Malaysia = AAA-
3. Indonesia = AA
4. Thailand = AA
5. Philippines = A+
6. Vietnam = A+
7. Myanmar = A-

The global brand valuation consultancy firm evaluates a country’s national brand on the brands based there and the economy as a whole by weighing up various socio-economic factors. a strong national brand denotes a highly attractive environment for investment, encouraging inward investment, adding value to exports, and attracting tourists and skilled migrants

Indonesia's Brand Rating is already same par with China, India, South korea, Spain = AA, in ASEAN it's also same par with Thailand (AA), but still below of Singapore (AAA+) and Malaysia (AAA-).

http://brandfinance.com/images/upload/brand_finance_nation_brands_reports_2018.pdf

....

 

[Nike]

Indonesia, Japan explore industry, human resource collaboration
Kamis, 25 Oktober 2018 14:32 WIB - 0 Views

Reporter: Antara

Industry minister Airlangga Hartarto opens Making Indonesia 4.0 seminar at Ministry of Industry in Jakarta on Wednesday. (ANTARA News/ Biro Humas Kementerian Perindustrian)

Jakarta (ANTARA News) - Indonesia and Japan are exploring opportunities to enhance comprehensive collaboration in the industrial sector to strengthen the economic structure of both nations to prepare for the industrial revolution era 4.0.

"This is in accordance with the Making Indonesia 4.0 roadmap, which is one of the priority programs to attract global companies to invest in the country," Industrial Minister Airlangga Hartarto noted in a statement received by Antara here, Thursday.

Cooperation with Japan can provide technology transfer to local companies, the minister remarked after meeting with Saitama Prefecture Governor Kiyoshi Ueda at the Ministry of Industry, Jakarta.

At the meeting, the Saitama Prefecture delegation pointed out various areas of potential that can be explored by Indonesian and Japanese industrial players.

"Saitama is one of the locations of Honda`s parent factories. Nissan`s R&D Center is also there. In addition, the prefecture is strong in the pharmaceutical as well as food and beverage industries," he remarked.

According to Airlangga, Saitama is the fifth contributing province to Japan`s gross domestic product.

"The Saitama prefecture administration will facilitate cooperation in the industrial sector, including the development of human resource competencies. In Saitama, there are companies that develop signaling systems to support MRT. They invite our engineers to learn such technology in Saitama," he remarked.

On the occasion, Airlangga asserted the Indonesian government`s commitment to developing the manufacturing industry in future.

"We are determined to continue to create a more conducive business climate by launching several economic policy packages and facilitating business permit processes. There is also Making Indonesia 4.0 as a strategy to implement the industrial revolution 4.0," he added.

In an effort to create a skilled workforce, including the ones ready to enter the industrial revolution era 4.0, to meet today`s industry demands, the Ministry of Industry has launched a vocational education program with a link and match scheme. The program also involves industries in several provinces in Indonesia.

"We have established cooperation with 609 industries and 1,753 vocational schools in this program," he explained.

The industry minister is optimistic that his meeting with the Saitama Prefecture governor would support Japanese investment in Indonesia, especially in the small, medium, and large-scale industrial sectors.

In 2017, Japanese investment was the second-largest in Indonesia, valued at US$8.4 billion.

Meanwhile, during the January-April 2018 period, the realization of Japanese investment was the second-largest, valued at $1.4 billion, spread across 375 projects.



Reporting by Sella Panduarsa Gareta
Editing by Libertina W Ambari




Editor: Yosep Hariyadi

COPYRIGHT © ANTARA 2018

 

[Logam42]

I've never heard of that particular variant. Although I'm currently stocking up food supply (shelf-stable) for emergency situation with Indomie Real Meat as part of the menu.

https://food.detik.com/info-kuliner/d-4132289/yang-terbaru-dan-bakal-hits-mie-instan-rasa-telur-asin

 

[Nike]

Indonesia, Morocco sign five memoranda of understanding
Jumat, 26 Oktober 2018 19:46 WIB - 2 Views

Reporter: Antara

Indonesian deputy foreign minister AM Fachir (right) and his counterpart from Morroco Mounia Boucetta (lefti) shake hand after signing an MoU for bilateral cooperation at 2nd Indonesia-Morroco Joint Commission Meeting in Jakarta on Friday (26/10/2018). (ANTARA/Yashinta Difa)

Jakarta (ANTARA News) - Indonesian Deputy Foreign Minister A. M. Fachir and his counterpart from Morocco Mounia Boucetta have signed five memoranda of understanding (MoU) during the 2nd Indonesia-Morocco Joint Commission Session in Jakarta on Friday.

Morocco is an important partner and Indonesia`s main trading partner in the North African region. Indonesia and Morocco encourage peace and stability in each region and the world.

"The Joint Commission Meeting is a mechanism to review the progress in relations between the two countries and discuss various efforts to resolve issues related to the interests of the two countries," Deputy Foreign Minister Fachir noted here on Friday.

On the occasion, the two deputy ministers signed five MoUs on visa-free facilities for diplomats, energy, religious affairs, diplomatic studies, and prevention of drug trafficking.

For visa-free agreements for diplomatic passport holders, it has immediately functioned effectively, but four other MoUs require implementation mechanisms, monitoring mechanisms, as well as action plans.

"We agree that in the next three months, each ministry and institution will communicate to prepare and formulate an action plan to be implemented in 2019," he stated.

In addition to the five MoUs, Indonesia and Morocco have encouraged economic cooperation by starting discussions on preferential trade agreements to increase trade volume between the two countries, which in 2017 was recorded at US$154.8 million.

In the industrial sector, the two countries agreed to explore Indonesia`s investment cooperation plan in the field of fertilizer production, as Morocco has enormous reserves of phosphate.

Morocco can support the fertilizer industry for Indonesian agriculture.

In the socio-religious field, Indonesia and Morocco promote moderate Islam and support student exchanges between the two countries.

In particular, the deputy minister urged the King of Morocco to visit Indonesia in an effort to strengthen bilateral relations between the two countries.

Meanwhile, Moroccan Deputy Foreign Minister Boucetta stressed the need to maintain political dialog between the two foreign ministers, especially on the sidelines of the UN General Assembly, and other multilateral forums.

Boucetta also agreed to continue to monitor the implementation of all cooperation agreements that have been signed with Indonesia in an attempt to produce an action plan that can be implemented immediately.





Reporting by Yashinta Difa
Editing by Azis Kurmala

 

[Nike]

Indonesia, egypt sign US$67.5 million business deals
Sabtu, 27 Oktober 2018 05:51 WIB - 0 Views

Reporter: antara

Indonesian Embassy in Cairo Egypt

Jakarta (ANTARA News) - Indonesian and Egyptian businessmen have signed business deals valued at US$67.5 million during the five-day Trade Expo Indonesia (TEI) 2018 which will end on Sunday, the Indonesian Embassy in Cairo said in a statement released on Friday.

The Trade Ministry has routinely organized the largest trade expo in Indonesia, with the aim of boosting its exports to friendly countries.

During the expo, held at the Indonesia Convention Exhibition in Bumi Serpong Damai (ICE BSD) southwest of Jakarta, the Indonesian Embassy in Cairo has successfully assisted in the signing of six agreements between businessmen of the two countries, with a total value of US$67.5 million.

The six agreements include those between coffee producer PT Asal Jaya and Haggag Co Import and Export Co and Groups, with a value of US$30 million, tire producer PT Gajah Tunggal and Baraka Contracting and Trading, valued at US$20 million, and coconut, spice and essential oil producer PT Global Coconut and El Hamd Co for Import and Export, with a value of US$8 million.

The other agreements are between state-owned ethanol and glycerin producer PT Perkebunan Nusantara III and Egyptian Mediterranean Co, with a value of US$5 million, spice producer PT Agrorina and Awlad Abdel Sanad Co, valued at US$2.5 million, and soap and detergent producer PT Orson Indonesia and Stella Co, with a value of US$2 million.

Following the signing of the business deals, Indonesian Trade Minister Enggartiasto Lukita received the Egyptian delegation, led by Indonesian Ambassador to Egypt Helmy Fauzi, in the minister`s VVIP room at ICE BSD.

At the meeting, Enggartiasto praised Egyptian importers for their loyalty for maintaining good relations with Indonesia.

Ambassador Helny said the embassy will organize many trade missions in Egypt, as part of efforts to increase Indonesia`s exports to the Middle Eastern country.

Reporting by Yuni Arisandy
Editing by Suharto, Eliswan
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[Nike]

Pupuk Indonesia reports increase in fertilizer sales and production
Sabtu, 27 Oktober 2018 17:03 WIB - 0 Views

Reporter: Antara

PT Pupuk Indonesia Holding Company (PIHC) (FOTO ANTARA/Rosa Panggabean)

Bontang, E. Kalimantan, (ANTARA News) - State-owned fertilizer holding company Pupuk Indonesia recorded a 7 percent increase in sales to 8.95 million tons in the third quarter of 2018 from the same period last year.

Sales of subsidized fertilizers for food crops alone reached 6.6 million tons or an increase of 300,000 tons,Chief Executive of the holding company of state-owned fertilizer companies Aas Asikin Idat told reporters here on Saturday.

"Pupuk Indonesia has given priority to distribution of subsidized fertilizers for food crop sector," Aas Asikin said.

He said the increase in sales was attributable partly to growing exports. Exports by the company reach 770,000 tons of fertilizers mainly urea and 439,000 tons of ammonia valued at US$332 million or an increase of 60 percent from the same period in 2017.

He said the company gives priority to supplying domestic requirement for food crops under the the Public Service Obligation (PSO) program.

"Exports are allowed only when domestic requirement has been fully secured," he said, adding sales to subsidy sector especially plantations, also increased to 1,552 million tons or 200,000 tons higher than in the same period last year.

The company also recorded an increase of 12 percent in production to 5,645 million tons of all types of fertilizer and 4,346 million tons of ammonia, he said.

Efficiency has also been recorded in the use of gas as feed stock . Currently gas consumption ratio is 28.5 MMBTU per ton, lower than last year resulting in a cut in production cost.

Aas said Pupuk Indonesia will seek to increase its production of compound fertilizer NPK (natrium, phosphate and kalium) to increase its competitiveness in the global market.

He said the company has taken the necessary steps toward large scale production of NPK, production of basic materials for NPK , development of new fertilizer products, expansion of business to non fertilizer sectors, and development of integrated research center.

"Ahead we will prioritize development of non urea fertilizer products," he said. The company`s main product is urea fertilizer utilizing natural gas from Bontang.

He said currently the world urea market is over supplied. In addition , the prospects of fertilizer business is encouraging amid the growing population and shrinking farm land.

"Fertilizers with greater efficacy such as NPK are needed to increase productivity of farm lands, which are limited in availability," he said.

Recently Pupuk Indonesia launched the Project of 2.4 million tons of NPK to increase its production capacity for NPK from 3.1 million tons at present to 5.5 million tons in 2021.

The company also will build NPK 5 factory in Petrokimia Gresik with a capacity of 500,000 tons a year, Aas said.

With that capacity, Pupuk Indonesia could control the NPK market in the country especially for the plantation sector to strengthening the national food security , he said.

To support the program to increase NPK production, Pupuk Indonesia needs to secure supply of basic materials.

"The company plans to build phosphoric acid and sulfuric acid factories in Lhoksemauwe, North Aceh and buy mining companies producing rock phosphate, KCl, and DAP," he said.
Reporting by Juwita Trisna Rahayu (SYS/AS)
Editing by Albert Saragih
Editor: Suharto

COPYRIGHT © ANTARA 2018

 

[Nike]

Transaction of 2018 Trade Expo Indonesia reaches Rp126.77 trillion
Senin, 29 Oktober 2018 05:13 WIB - 2 Views

Reporter: antara

The signing of the cooperation between the Ministry of Trade and trading partners from four countries on the sidelines of the 2018 Trade Expo Indonesia event in Tangerang, Banten. (ANTARA News/ Sella Panduarsa Gareta)

Tangerang, Banten (ANTARA News) - The transaction of the 2018 Trade Expo Indonesia (TEI) successfully reached Rp126.77 trillion until 12.00 p.m local time.

Minister of Trade Enggartiasto Lukita made the remarks at the closing of TEI 2018 at the International Convention Exhibition Bumi Serpong Damai (ICE BSD) in Tangerang, Banten on Sunday (Oct 28).

"The transaction of TEI 2018 successfully reached 8.45 billion US dollars, equivalent to Rp.126.77 trillion. The transaction exceeded the initial target of 1.5 billion US dollars," Enggartiasto Lukita said in a statement received here on Sunday.

The minister explained, the total transaction value of TEI 2018 consisted of investment transactions of 5.55 billion US dollars, tourism transactions amounting to 170.5 million US dollars, and product transactions totaling 2.73 billion US dollars.

The details of product transactions consisted of transactions in goods and services amounting to 1.42 billion US dollars and 1.31 billion US dollars, respectively.

The product transaction came from the MoU of product purchase mission of 811 million US dollars, direct transactions amounting to 470.65 million US dollars, 85.6 million US dollars in local trade missions, 51.29 million US dollars in business matching, and 680 thousand US dollars in Culinary Exhibitions and Local Food.

"We should be proud of the achievement of this year`s transaction because the transaction exceeded the initial target of 1.5 billion US dollars," Lukita said.

The minister revealed that the products in great demand are products of information and technology, processed foods, chemical products, crude palm oil (CPO), fishery products, and paper products.

Meanwhile, countries with the highest trade transaction value are Saudi Arabia, Japan, Britain, Egypt and the United States.

"This transaction proves that our national products are increasingly recognized for their quality according to the tastes of the export market. This is in accordance with the theme of TEI 2018 " Creating Products for Global Opportunities," the minister added.

Reporting by Sella Panduarsa
Editing by Azis Kurmala, Bustanuddin
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[Nike]

Indonesia predicted to break into rank of 4 largest flight market
Senin, 29 Oktober 2018 08:13 WIB - 0 Views

Reporter: Antara

A Garuda Indonesia office in Guangzhou, China . (M. Irfan Ilmie/pras.)

Beijing (ANTARA News) - Indonesia will break into the ranks of four largest global flight markets in 2030, The International Air Transport Association (IATA) has predicted.

Indonesia will grow from the 10th largest in 2017 to the 4th in 2030 , IATA said in its website here on Sunday.

It said among 10 countries with largest number of air passengers a rising trend is recorded by Indonesia in the period of 2017-2030.

In the period of 2018-2019, Indonesia rose to the 9th relegating France to the 10th largest flight market, and in 2030-2037 Indonesia will continue to rise to the 4th largest relegating Britai and Spain to the 5th and 6th respectively, it predicted.

In the 7 years period, Indonesia will remain in the 4th after China, the United States and India, it said.

IATA in its report also said in mid 2020, China would replace the United States at the top.

Meanwhile, in 2024, India would bring down Britain from the 3rd place and at that time Indonesia would be the 8th largest replacing Italy.

IATA also predicted an increase in the number of air passengers in the world, saying the number would double to 8.2 billion in 2037.

"Aviation is growing and profitable. The two fold increase in 20 years would create 100 million jobs in the world. There are two important things in the increase. First we see steady shift in air traffic to the East. Second we predict negative impact on the aviation growth if tight and restrictive protectionism is adopted," CEO of IATA Alexandre de Juniac said.

He predicted the number of air passengers would grow more than 50 percent in the Asia-Pacific region in the next 20 years.

The rapid increase will follow the sustainable economic growth and improved income of the people.

Reporting by M. Irfan Ilmie
Editing by A Saragih
Editor: Fardah Assegaf

COPYRIGHT © ANTARA 2018

 

[Bungaterakhir]

W Java offers projects at Indonesia Infrastructure Week
source : https://en.antaranews.com/news/120077/w-java-offers-projects-at-indonesia-infrastructure-week

Bandung, W Java (ANTARA News) - The West Java Provincial Administration will offer 25 infrastructure projects, worth approximately Rp280 trillion (about US$18,418,680,000), at the Indonesia Infrastructure Week (IIW) held at the Jakarta International Expo from Oct 31 to Nov 2, 2018.

The Head of West Java Province`s One-Stop Integrated Services and Investment Office, Dadang Mohamad, here Wednesday said that some large infrastructure projects were offered by the West Java Provincial Administration, including business opportunities at the West Java International Airport (BJIB) and an Aero city at BIJB in Majalengka District and the Bandung Metropolitan Urban Railways project in Bandung Raya area.

Other projects are accessibility to BIJB in the form of railways and toll road constructions, Legok Nangka waste management in Bandung District, and mini hydro power plant construction in Pasir Jambu and Kertamukti.

 

[CountStrike]

Indonesia receives 1.35 million foreign tourist arrivals in September

Reporter: Antara 17 hours ago

Foreign tourists in Bali.The number of foreign tourist arrivals in Indonesia totaled 1.35 million or 10.56 percent smaller than in the previous month, the Central Bureau of Statistic (BPS) said here on Thursday. (ANTARA Photo/Wira Suryantala)

Jakarta (ANTARA News) - The number of foreign tourist arrivals in Indonesia totaled 1.35 million or 10.56 percent smaller than in the previous month, the Central Bureau of Statistic (BPS) said here on Thursday.

Head of the BPS Suharyanto said the decline in September is normal as the holiday season had been over and Europe began to enter autumn that month.

The sharpest decline in the number of arrivals was recorded by Tanjung Benoa, Bali, and the number of foreign tourist visiting Tanjung Benoa is not many, Suharyanto.

The second steepest fall was recorded by South Sumatra after the a sharp rise in August thanks to the 2018 Asian Games.

High increase was recorded by Sam Ratulangi, Manado, after the opening of direct flight with China; and by West Kalimantan specially thanks to visits by Malaysian tourists across the border.

Around 67 percent of foreign visitors to Indonesia are by air. The largest numbers came from China, followed by Malaysia, Timor Leste, and Australia.

Foreign tourist arrivals in Indonesia increased by 8.11 percent year-on-year and Bali was the main destination (556,000), followed by Jakarta (250,000) and Batam (154,000) in September this year.

President Joko Widodo (Jokowi) targets to welcome a total of 20 million foreign tourists in Indonesia in 2019. This is ambitious compared to 11.52 million tourist arrivals in 2015 his first full year presidency.

Hiramsyah Thaib, Team Leader of Acceleration for the Development of Priority Tourism Destination at Indonesia`s Tourism Ministry, said a combined total of US$20 billion worth of investment is needed to turn ten priority destinations into great tourist attractions, equipped with updated infrastructure and plenty of facilities such as hotels, restaurants, shops, bars, parks, and more.

It is estimated that about US$10 billion is needed for infrastructure development - such as roads, ports, airports, and electricity - in the ten priority tourist destinations, while the remaining US$10 billion are needed to build all tourism facilities that are needed by tourists.

Thaib said a couple of priority destinations have already managed to attract a significant amount of investment. For example, Lake Toba in North Sumatra has welcomed a few investors so far.

Currently, several projects are under construction near Lake Toba with a combined value of US$75 million.

Mandalika on the island of Lombok even managed to attract US$977 million worth of investment so far.

However, Mandalika was declared a Special Economic Zone (for agro industry and ecotourism industry), implying investors enjoy fiscal incentives to invest in this area.

Thaib added that investors from several countries have showed interest in projects related to the ten priority tourist destinations.

Reporting by Sella Panduarsa Gareta
Editing by Alebert Saragih