Indonesia Economy Forum

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Indonesia - Power Generation
This is a best prospect industry sector for this country. Includes a market overview and trade data.Last Published: 2/4/2019

Overview
Unit: USD millions

2015 2016 2017 2018 (Estimated)
Total Local Production 731 826 850 901
Total Exports 574 649 559 592
Total Imports 3396 3837 4106 4352
Imports from the US
754 511 593 628
Total Market Size 3553 4014 4397 4661
Data Sources: Global Trade Stats, Central Bureau of Statistics Indonesia

The power industry in Indonesia has experienced around 3.3% annual growth in the last year. However, according to the Ministry of Energy and Mineral Resources (MEMR), by December 2017, the electrification ratio of Indonesia has reached 94.91%. Papua and East Nusa Tenggara are the regions with the lowest electrification ratios, with 60% according to 2017 MEMR data.

At the end of 2017 total installed generation capacity was 60 GW, with 45 GW (75%) generated by state-owned PT Persero, the national electric company (PLN), and the remainder, 12.5 GW and 2.5 GW produced by independent power producers (IPPs) and private power utility (PPUs) respectively. The national transmission system has approximately 49,799 km of lines and 77,514 MVA of transmission transformer capacity. The distribution system includes approximately 946,101 km of lines and 41,987 MVA of distribution transformer capacity.

Indonesia imported $4.1 billion of electrical power equipment in 2017, and U.S.-origin products constituted around 15% of the total. Other major suppliers include China, Singapore, Japan, Korea, Malaysia, France and Germany. Indonesian companies typically import U.S. products directly or through an agent/distributor in Singapore. In 2014, as part of his focus on developing infrastructure to boost economic growth, President Jokowi announced a target of adding 35 GW power generation capacity by 2019, to achieve the national electrification ratio target of 97.7%. As of the date of this report , Indonesia is not on track to achieve either target. The current Indonesian administration has a general policy of increasingly strong support for national control over both power generation and distribution. Furthermore, a severe lack of transparency combined with local content restrictions severely limits opportunities for U.S. suppliers.

Power Working Group
U.S. Embassy Jakarta has established the U.S. Power Working Group (USPWG) as a platform to support and showcase U.S. firms interested in the 35 GW Project and other commercial opportunities. The working group provides a forum for U.S. firms to engage with the Indonesian government to promote their products and services. Working group participants include power industry partners and associations who together can share best practices and formulate strategies to address the expansion of Indonesia’s energy infrastructure. To apply, contact Meiyi Tjugito at Meiyi.Tjugito@trade.gov.

Leading Sub-Sectors
U.S. companies are strong competitors for turbines and turbine parts, transmission and distribution equipment, smart grid technology, microgrid equipment, energy saving and efficiency technologies and other products.

Opportunities
The new National Electric Generation Plan (RUPTL) 2018-2027 forecasts that electricity demand in Indonesia will grow 6.86 % annually. According to RUPTL estimates, by 2027, electricity demand will reach 443 terawatt hours (TWh) from 78.4 million customers and the electrification ratio will reach 99.4% Achieving a total of 35 GW would require investment of an estimated US$ 72.9 billion. By the Ministry of Energy’s 2016 estimation, the full 35 GW Project would require the development of 291 power plants, 732 transmission lines (75,000 set tower), and 1375 unit substations.

Even if the 35 GW plan is not fully achieved the construction of power plants, transmission and distribution lines in Indonesia should bring some commercial opportunities for U.S. companies. Areas of potential include the supply of equipment such as turbines, substations, transmission, transformers, smart metering and distribution equipment. In addition, electrification projects will create increased opportunities for renewables and gas, including clean and lower emissions coal technologies.

Following the 2016 change in energy minister from Sudirman Said to Ignatius Jonan the Indonesian government has implemented significant changes to renewable energy (RE) policy. Under the previous policy regime the Indonesian Ministry of Energy and Mineral Resources (MEMR), incentivized RE through high fixed feed-in-tariffs (FIT) through Minister Regulation (Permen) ESDM No. 19/2016 However, government fiscal constraints resulted in the acceptance of almost no power purchase agreements (PPA) by the national utility. Consequently, MEMR has initiated a new policy regime under which RE projects have to compete on a strictly economic basis. The new regulation establishes a benchmark cost for power generation within each region. So long as a project proposal is below 85% of the regional cost then PLN is authorized to accept the project through direct negotiation between the project developer and the off-taker. Currently RE contributes 11.9% to the Indonesia’s energy mix. However, the national energy plan provides an ambitious RE target of 23% by 2027.

In 2016 the Indonesian government issued a new framework policy to incentivize the electrification of remote areas. Minister Regulation (Permen) ESDM No. 38/2016 provides a regulatory framework for private companies to develop independent microgrid utilities in remote and underserved locations. Under 38/2016 a developer can theoretically combine a group of villages and communities into a bundled packet and apply for the issuance of a license to own and operate an independent utility concession. It should be noted that Indonesian political dynamics mean that the actual issuance of such a license is likely to be quite challenging.

Web Resources
Directorate General of Electricity, Ministry of Energy and Mineral Resources:
http://www.djlpe.esdm.go.id/

Directorate General of New & Renewable and Conversation Energy, Ministry of Energy and Mineral Resources: http://www.ebtke.esdm.go.id/
PT Perusahaan Listrik Negara (PT PLN): http://www.pln.co.id/
For questions or more information, please contact Mario Simanjuntak at
Mario.Simanjuntak@trade.gov





Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
https://www.export.gov/article?id=Indonesia-Power-Generation

 

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Aramco-Pertamina cooperation discussed by Jokowi, Saudi minister
15th Apr 2019 12:19

President Joko Widodo (Jokowi) held a meeting with Saudi Energy, Industry, and Mineral Resources Minister Khalid Al-Falih in Riyadh on Sunday (April 14, 2019).

Jakarta (ANTARA) - President Joko Widodo (Jokowi) held a meeting with Saudi Energy, Industry, and Mineral Resources Minister Khalid Al-Falih for following up on cooperation between Aramco and Pertamina on constructing an oil refinery in Cilacap, Central Java.

The meeting, at the Royal Guest House in Riyadh, Sunday, to discuss details on the cooperation between Saudi oil giant Aramco and Indonesian state-owned energy holding company Pertamina, was held as part of Jokowi's working visit to Saudi Arabia.

Indonesian Foreign Minister Retno Marsudi, present along with the president at the meeting, revealed that the Saudi minister had praised Jokowi's action to usher in reform aimed at encouraging Saudi firms to forge cooperation with their Indonesian counterparts.

"One of the matters under discussion at the meeting is the likelihood of cooperation between Aramco and Pertamina for constructing an oil refinery in Cilacap," Presidential Secretariat's Deputy for Protocol, Press, and Media Bey Machmudin quoted Marsudi as saying after the conclusion of the meeting.

Marsudi remarked that one aspect linked to the valuation of the planned oil refinery's assets had yet to be solved at the meeting.

The minister echoed President Jokowi's keenness to witness a prompt resolution to the asset valuation process.

"Soon after arrival in Indonesia, the president will meet with several ministers to tackle the issue," she remarked.

Saudi Arabia has also expressed keenness to cooperate in the petrochemical sector with Indonesia, the minister affirmed.

"A Saudi delegation is expected to visit Indonesia to discuss a plan to enhance cooperation in the fields of energy with regard to the oil and petrochemical industry," she stated.

Chief of Presidential Staff Moeldoko and Indonesian Ambassador to Saudi Arabia Agus Maftuh Abegebriel were also seen at the meeting along with Jokowi.
Reporter: Hanni Sofia, Suharto

Editor: Fardah Assegaf

COPYRIGHT © ANTARA 2019

 

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AMMDes Resmi Diproduksi Massal, Siap Dieskpor ke Timor Leste
CNN Indonesia
Senin, 15/04/2019 16:52
Bagikan :

AMMDes versi Ambulance Feeder diserahkan kepada United State Agency for International Development (USAID). (Foto: Kemenperin)

Jakarta, CNN Indonesia -- Kementerian Perindustrian (Kemenperin) memastikan produksi massal Alat Mekanis Multiguna Pedesaan (AMMDes) telah dimulai. Produsen pertama buat program pemerintah ini adalah Kreasi Mandiri Wintor Indonesia (KMWI).

KMWI merupakan perusahaan patungan dari Velasto Indonesia dan Kiat Inovasi Indonesia. KMWI telah menggelontorkan investasi Rp200 miliar untuk memproduksi AMMDes.

Lihat juga:
Investasi Rp200 M Bikin AMMDes Jadi Kenyataan Tahapan produksi AMMDes sudah dilakukan sejak Maret lalu di pabrik di Citeureup, Bogor, Jawa Barat. Pabrik ini berkapasitas 3.000 unit per tahun dan akan ditingkatkan menjadi 12 ribu unit per tahun pada 2020.


"Saat ini, AMMDes telah diproduksi massal dengan pengembangan aplikasi untuk pertanian, perkebunan, perikanan, kesehatan, dan tanggap darurat bencana," kata Direktur Industri Maritim, Alat Transportasi, dan Alat Pertahanan Kemenperin Putu Juli Andika dalam keterangan resmi dikutip, Senin (15/4).

KMWI punya dua model dasar AMMDes, yakni flat deck dan power take off (PTO). Model flat deck mirip pikap mini sedangkan PTO merupakan model yang punya pilihan berbagai aplikasi teknis buat mendukung kerja pak tani.

Kedua model itu dibekali mesin diesel 650 cc yang menghasilkan 14 tenaga kuda, kecepatan maksimalnya dibatasi 30 km per jam. Biar mudah mengatasi jalan perdesaan yang sulit, AMMDes dilengkapi differential lock agar roda bisa bergerak bersamaan seperti kendaraan 4X4.

Lihat juga:
AMMDes Dijual April, Banderol Bisa Rp140 Juta Hingga saat ini aplikasi AMMDes dari KMWI yang sudah terlihat berupa pengolah air jernih, pembuat es serpihan, pengolah kopi, pemoles beras, generasi listrik, dan ambulance feeder.

Selain menyatakan produksi massal sudah berjalan, Kemenperin juga mengungkap distributor AMMDes, Kreasi Mandiri Wintor Distributor (KMWD), telah menandatangani Letter of Intent dengan Repindo Jagad Raya terkait upaya ekspor ke Timor Leste dan Papua Nugini.

Bukan hanya itu, KMWI juga sudah menyerahkan dua unit AMMDes versi Ambulance Feeder kepada United State Agency for International Development (USAID).

 

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AGC Group's Indonesian company, PT Asahimas Flat Glass, starts commercial production of high value-added products at Cikampek plant
16th Apr 2019 15:38

AsiaNet 78299

TOKYO, Apr. 15, 2019 (Antara/Kyodo JBN-AsiaNet)--

AGC Inc. announced on April 15 that the AGC group's Indonesian unit, PT Asahimas Flat Glass Tbk (AMG) (*1), began operating a mirror line at its Cikampek plant in the first quarter 2019 following the launch of its new float furnace and mass production on its new magnetron sputtering coater in the third quarter of 2018, marking another milestone in AGC's glass footprints in Asia.

(Logo: https://kyodonewsprwire.jp/img/201904055102-O2-iSw9633o)

With the integrated, state-of-the-art float glass furnace, magnetron coating line and mirror line, AMG offers a single source for a wide variety of specialty glass products and solutions catering to different market needs across the Asia-Pacific region.

(Photo: https://kyodonewsprwire.jp/prwfile/release/M000303/201904055102/_prw_PI1lg_vV1BcNhF.jpg)

The new magnetron coater with cutting-edge AGC-Interpane Europe technology is capable of delivering excellent products of solar control, high performance and spectrally selective glass in jumbo size up to 6 meters. A series of high-performance coatings, T-Sunlux and Stopray targeted at residential and commercial segments for Asia-Pacific markets is launched progressively.

T-Sunlux, a temperable magnetron-coated glass, has a durable coating that is able to go through tempering without compromising on its appearance. The T-Sunlux coating presents good performance to block heat when there is excessive solar heat. With the ability to be used in both annealed and tempered versions, with a long shelf life, it provides glass processors with the flexibility to cater to project needs by just stocking one single product.

Stopray, high-performance magnetron-coated glass, gives excellent selectivity with a neutral appearance. It offers improved balance between visible light transmittance, solar control and enhanced U-values, thereby delivering maximum energy savings that meet or exceed energy code requirements. Always used in double or triple glazing, its performance is optimized and suits tropical and cold climates.

The new mirror line is a big step for AMG as it enhances its product lineup with the launch of Mirox MNGE (Mirox New Generation Ecological Mirrors), manufactured with patented AGC Europe technology and the same optimum levels of quality and service.

Mirox MNGE stands out for its copper-free metal coating, very low-level lead paints and its high resistance to corrosion. With the ecology of Mirox MNGE, end users are assurred of low levels of Volatile Organic Compounds (VOCs)(*2) and formaldehyde emissions from the mirror. With Mirox MNGE being launched with product warranty and attaining Singapore Green Building Product (SGBP) certification, it presents end users with greater benefits (i.e. enhance indoor air quality, improve their health and well-being).

Customers in the Asia-Pacific region can look forward to a comprehensive range of both pyrolytic and magnetron-coated products and ecological interior glass, allowing architects and glass customers to combine creativity, aesthetics and facade technology, while fulfilling today's energy regulations and green building trends.

(*1) PT Asahimas Flat Glass Tbk (AMG) is part of the global AGC group. AMG was established as a joint venture in 1973 between Asahi Glass Co., Ltd. (Japanese glass manufacturer) and PT Rodamas (an Indonesian distributor of glass and related consumer goods).

(*2) VOCs and formaldehyde are some of the sources of indoor air pollutants that come from the chemicals released by buildings and products (e.g. paints, lacquers, silicon, glue, paint strippers, cleaning materials and pesticides) used in them. With high concentration of VOCs, it can cause short- to long-term adverse health effects.

For more information, please visit:
https://kyodonewsprwire.jp/attach/201904055102-O1-5pmqxg6x.pdf

Source: AGC Inc.
Reporter: PR Wire

Editor: PR Wire

COPYRIGHT © ANTARA 2019

IKI, Hasanuddin University to build ferry serving inter-island route
16th Apr 2019 13:48

(File Photo) - Ferry serving inter-island route. (ANTARA)

Makassar, S Sulawesi (ANTARA) - Shipyard company PT Industri Kapal Indonesia (IKI) and Hasanuddin University's (Unhas') Faculty of Engineering reached an agreement to join forces to build a ferry serving the inter-island route of the Selayar Islands, South Sulawesi Province.

The process to build the ferry will kick off this year, and Unhas' Faculty of Engineering will be in charge of consulting and designing it, PT IKI's CEO Edy Widarto stated here on Tuesday.

"PT IKI will build the ferry," Widarto remarked, adding that the decision to cooperate with the Makassar-based public university was made by him after having met with South Sulawesi Governor Nurdin Abdullah last year.

During that time, Governor Abdullah was an attendee at an event to mark the anniversary of Selayar Islands District, and the geographical condition of the district having numerous islands and sub-districts had caught his attention, Widarto remarked.

To this end, Dean of Unhas' Faculty of Engineering Muhammad Arsyad admitted to having started several cooperation programs with PT IKI, a shipbuilding firm in Makassar City, South Sulawesi.

Apart from the plan to construct a ferry to operate on the inter-island route, Arsyad revealed another plan to build fishing boats for fishermen.

The Selayar Islands District holds huge marine resource potential and had earlier served as a trade route for Moluccas' spices.

This district is also identified as an entryway to the 530,765-hectare Takabonerate National Park. Some 220 thousand hectares of the national park area encompasses a vast expanse of atolls and lagoons.

Spanning south of the main island of Sulawesi into the Flores Sea, the Takabonerate National Park is a principally rich marine park that is home to numerous avian species.

Takabonerate hosts the third-largest atoll in the world after Kwajalein in the Marshall Islands and Suvadiva in the Maldives.

Besides atolls, this national park has 21 islands home to 242 species of corals, 526 species of colorful and strange reef fish, as well as 112 species of macroalgae.
Related news: Better maritime connectivity will boost development, enhance unity: President Jokowi

Related news: Kotabaru produces biggest ferry boat

Related news: Jokowi believes three SEZs to drive equitable development


Reporter: A.Kadir, Rahmad Nasution

Editor: Azizah Fitriyanti

COPYRIGHT © ANTARA 2019

 

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Oman partners with local firms for refinery project

• Stefanno Reinard Sulaiman
  The Jakarta Post
  

Jakarta / Tue, April 16, 2019 / 09:31 am

An illustration for oil refinery (Shutterstock/File)
Oman’s Overseas Oil and Gas LLC (OOG) signed a memorandum of understanding (MoU) on Monday with two local construction companies to develop supporting facilities worth US$ 3 billion for the Bontang refinery in East Kalimantan.

The two local companies are PT Meta Epsi, which is an engineering, procurement and construction (EPC) company, and publicly listed property developer PT Sanurhasta Mitra Tbk (MINA).

OOG chairman Khalfan Al Riyami said in a press conference on Monday that the MoU was part of OOG’s mission to prioritize local companies in the project.

“We agreed to give them work in supporting facilities such as a power plant, piping, fabrication, water treatment and construction — with a total investment of about $3 billion,” he said.

Bontang is one of the country’s newest refineries and will cost $10 billion to $15 billion to make. It was designed with a production capacity of 300,000 barrels of oil per day (bopd).

It is expected to commercially operate by 2026, a four-year delay from its initial target because of the need to complete a bankable feasibility study (BFS) and front end engineering design (FEED), according to Khalfan.

“A BFS usually takes six months then we have to conduct the FEED, which takes between two to three years. And only after those phases can we enter the construction phase,” he said. (bbn)

https://www.thejakartapost.com/news...rs-with-local-firms-for-refinery-project.html

 

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Manufacturers running vocational schools eligible for 'superdeduction tax'

• News Desk
  The Jakarta Post
  

Jakarta / Thu, April 18, 2019 / 09:15 am

Vice President Jusuf Kalla (right), accompanied by Industry Minister Airlangga Hartarto (second right) and president director of PT Toyota Motor Manufacturing Indonesia Warih Andang Tjahjono (third right), visits Toyota Indonesia’s booth after the opening of the Indonesia Industrial Summit 2019 at the Indonesia Convention Exhibition in Serpong, Tangerang, Banten, on Monday. (Antara/Muhammad Iqbal)
Industry Minister Airlangga Hartanto has said that a draft regulation concerning the so-called superdeduction tax will be implemented for manufacturing companies that run vocational schools teaching 36 skills.

The superdeduction tax is a fiscal incentive involving a 200 percent tax allowance proposed by the ministry for such companies.

"We have listed 36 competencies in the draft. We will finalize the regulation with the Office of the Coordinating Minister for Economic Affairs," he said during the Indonesian Industrial Summit 2019 in Tangerang, Banten, on Monday, as quoted by kontan.co.id.

Airlangga said 16 vocational skills fell into the general category: industrial electronics, installation of electric power utilization, machinery, welding, casting, industrial mechanical maintenance, metal instrumentation and metal fabrication.

Also included in the category are process control expertise, mechanical control, industrial automation, mechatronics, industrial chemistry, chemical analysis, audio video repair and maintenance and heavy equipment maintenance and repair.

Airlangga said the other 20 skills were divided into five categories: automotive, furniture, shipbuilding, textile and garment and industrial logistics.

He said that in the automotive category, the fiscal incentive would be implemented for businesses that offered education programs on maintenance and repair of light vehicles, motorcycles, electronic design, repair of automotive bodies and manufacturing of automotive industry components.

He added that in the furniture category, the required competencies were product manufacturing and design.

Companies running education programs on shipbuilding design, ship construction, ship welding, ship electrics and ship machinery were also entitled to the incentive, he said.

Airlangga said the textile and garment category included programs on design, yarn manufacturing, fabric manufacturing, garment production and textile chemistry.

Lastly, in the industrial logistics category, the regulated competencies were warehousing logistics, transportation and warehouse management. (ars)

https://www.thejakartapost.com/news...-schools-eligible-for-superdeduction-tax.html

 

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Manufacturing less dominant in economy, but not shrinking

• Rachmadea Aisyah
  The Jakarta Post
  

Jakarta / Thu, April 18, 2019 / 01:21 pm

A worker is seen at an auto assembly plant in Bekasi, West Java. (Kompas/Totok Wijayanto)
The government is not buying arguments that the manufacturing sector is shrinking even though its percentage contribution to the economy has declined over the past few years.

The manufacturing sector remains the largest contributor to GDP. However, its percentage contribution to GDP reached 19.86 percent last year after struggling to remain at the 20-percent mark.

Vice President Jusuf Kalla has sought to shed light on the situation, saying the declining percentage should not be prematurely perceived as a sign the country was experiencing deindustrialization.

“Our [manufacturing] sector is growing at 5 percent per year. It is growing, not contracting,” Kalla said during the 2019 Indonesia Industrial Summit (IIS) recently. “Between 2014 and 2017, [its contribution to GDP] was 21.3 percent on average.”

The term “deindustrialization” has garnered more attention following claims made by presidential candidate Prabowo Subianto, who argued the country’s manufacturing sector was in decline and was being left behind by its peers.

Kalla added that the government was committed to boosting manufacturing through the implementation of President Joko “Jokowi” Widodo’s road map on the fourth industrial revolution, titled Making Indonesia 4.0.

He said technology and data control were the keys to getting ahead in today’s industrial race with the rise of automation, but that people would remain the backbone of the economy.

“We are not like those developed but aging countries, as we have a large workforce thanks to our demographic bonus [...] Physical work will remain relevant, as we need workers who can ensure [our] consumption [continues],” said Kalla.

Indonesia’s working age population, or those aged 15 to 44, was projected to reach just over 200 million in 2030, or approximately 68 percent of the population, giving the country the highest number of productive aged citizens in Southeast Asia, the National Development Board (Bappenas) said.

At the same time, global consulting firm Mckinsey has estimated that Industry 4.0. would contribute an additional US$121 billion to GDP by 2025 if implemented properly.

Industry Minister Airlangga Hartarto said the Making Indonesia 4.0 road map would promote the manufacturing sector and boost its contribution to GDP to 25 percent.

In addition, he said the sector would provide jobs to more than 11.5 million people and increase economic growth by 1 to 2 percent by 2030.

“We can develop manufacturing through technological advancement, increased investment, human resources development and providing fiscal incentives to encourage research and development,” Airlangga said.

To encourage local manufacturers to implement Industry 4.0, his office has rolled out the Indonesia Industry 4.0 Readiness Index (INDI 4.0), a self-assessed measurement that determines the scale of Industry 4.0 implementation by companies.

The INDI 4.0 is measured from a scale of zero to four, with four indicating that a company has fully incorporated Industry 4.0-related technologies in its production.

“More than 300 companies have participated and assessed themselves for INDI 4.0 [...] On average, most companies scored 2.5 to 2.6, so we hope that some of them will hit 4.0 in the future,” said Airlangga.

Coordinating Economic Minister Darmin Nasution said the declining percentage contribution of manufacturing to GDP was understandable given the increased contribution of more progressive sectors.

“We are living in an era where the elements of service, tourism, digitization and so on have deeply impacted our lives, so it is no problem if the manufacturing sector [contribution to GDP] never reaches 30 percent again,” Darmin said on the sidelines of the IIS.

He cited Bank Indonesia’s latest Prompt Manufacturing Index (PMI), which measured the manufacturing sector to be at an “expansive” level of 52.65 percent in the first quarter of 2019, owing to increases in demand in preparation for April’s elections and the Idul Fitri holiday in June.

“This index also foresees that our manufacturing sector will still be perceived positively in the next [second] quarter [...] so the PMI will improve,” said Darmin.

 

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Petrosea announces nearly 49% revenue growth in 2018

• Stefanno Reinard Sulaiman
  The Jakarta Post
  

Jakarta / Mon, April 22, 2019 / 02:52 pm

A screenshot of a map taken from the website of Indika Energy Group (www.indikaenergy.co), Petrosea's parent company, shows its areas of operation. (Indika Energy/File)
PT Petrosea, a subsidiary of PT Indika Energy, booked revenue of US$465.74 million in 2018, a 48.57 percent year-on-year (yoy) growth from its 2017 revenue of $313.48 million.

The publicly listed energy and infrastructure services company recorded net profit of $22.96 million in 2018, or 97.42 percent yoy growth from $11.63 million the previous year.

"The shareholders meeting agreed to set aside 38 percent of the profit as dividends of $8.72 million for about 1 million shares [at $0.00865 per share]," Petrosea said on Monday in a press release.

The press release also said income growth in several business lines contributed to its growth in revenue, including 48.57 percent growth in its operating income from $313.48 million in 2017 to $465.74 million in 2018, as well as 54 percent growth in mining contracts from $171.27 million in 2017 to $264.52 million in 2018.

Meanwhile, the company's overburden removal volume in 2018 increased 44.31 percent to 121.19 million bank cubic meters (BCM).

Petrosea president director Hanifa Indradjaya said the company would continue to focus on expanding its operational activities and strengthening marketing. "As a company, we will continue to prioritize our services for clients," according to the company.

A kontan.co.id report notes that Petrosea received $175 million in capital injection from Indika Energy for total capital expenditure (capex) of $315 million in the current year.

Petrosea allocated $162.8 million of capex in 2018 toward purchasing heavy equipment. (bbn)
https://www.thejakartapost.com/news...nounces-nearly-49-revenue-growth-in-2018.html

Minister sees brighter prospects in manufacturing after elections

• News Desk
  The Jakarta Post
  

Jakarta / Sun, April 21, 2019 / 03:15 pm

Industry Minister Airlangga Hartarto (Antara/Wahyu Putro)
Industry Minister Airlangga Hartarto sees brighter investment prospects in the manufacturing industry following April 17’s general election as investors realize a number of prioritized projects.

“After the 2019 elections, many prioritized projects will be carried out, including those in the chemical industry and the finalization in electric cars,” said Airlangga in a statement on setkab.go.id on Saturday.

He said investment growth in the manufacturing industry, which was expected to boost economic growth, would also be triggered by the realization of several fiscal incentives offered by the government, including a tax allowance and tax holiday.

Airlangga said investors were confident in the Indonesian democratic system. “All industry sectors will run after the elections,” he said, adding that he was also confident that political and security conditions would improve.

“Even more, the government will introduce new policies to facilitate business players to start businesses in the country.”

Previously, after a limited Cabinet meeting chaired by President Joko “Jokowi” Widodo, the government announced that Saudi Arabia would soon invest US $6 billion in the petrochemical industry.

The plan was discussed during Jokowi’s recent visit to the country as Saudi Arabia reportedly expressed interest in making Indonesia a petrochemical hub in Southeast Asia. Jokowi had instructed several relevant ministers and officials in other institutions to facilitate the investment arrangement.

The Industry Ministry has encouraged growth in the petrochemical industry to help the development of the manufacturing sector from downstream and upstream businesses, Airlangga said.

“The petrochemical industry produces various raw materials for other manufacturing industries like packaging industry, textile, household equipment, automotive components and electrical products,” he added. (bbn)

https://www.thejakartapost.com/news...ospects-in-manufacturing-after-elections.html

 

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The Potato Sector
The Dutch East India Company brought potatoes to West Java around 1795, and within 15 years the kentang holanda (or "Dutch tuber") was being grown by Batak farmers in the highlands of northern Sumatra.

Today, Indonesia is the biggest potato producer in southeast Asia. Between 1960 and the mid-1990s, the country's potato output grew at a rate of almost nine percent per year, and since 2003 annual production has averaged more than one million tonnes. Potato is cultivated throughout the archipelago, in highlands areas of between 800 and 1 800 m, mainly by small scale farmers.

Potato growers are largely dependent on seed tubers imported from Germany and the Netherlands.

While some potatoes are grown for export, mainly in northern Sumatra, the bulk of Indonesia's potato harvest is destined for fresh consumption in large urban areas. Indonesia imported some 32 000 tons of potatoes in 2006 mainly for processing into food products.
Agricultural Statistics Indonesia
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https://www.potatopro.com/indonesia/potato-statistics

 

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State revenue stands at Rp 350.1 trillion in Q1

• Rachmadea Aisyah
  The Jakarta Post
  

Jakarta / Tue, April 23, 2019 / 09:48 am

The Taxation Directorate General building in Jakarta. (kontan.co.id/File)
The government has collected Rp 350.1 trillion (US$24.87 billion) in revenue in the first quarter of 2019, the Finance Ministry announced on Monday.

The figure is an increase of 4.9 percent from the same period last year, 16.2 percent of the annual state revenue target of Rp 2.16 quadrillion, the ministry said in its monthly state budget report.

The revenue consists of tax revenues totaling Rp 279.9 trillion, 15.7 percent of the target, up by 6.7 percent year-on-year (yoy), while non-tax revenue (PNBP) was recorded at Rp 70 trillion, 18.5 percent of the target, down 1.4 percent yoy.

Budget spending amounted to Rp 425.1 trillion in the same period, 18.4 percent of the annual target and up by 7.7 percent yoy.

Given the statistics, the state budget is measured at a year-to-date deficit of Rp 101.96 trillion or 0.63 percent against the gross domestic products, compared to Rp 85.83 trillion deficit in the same period in 2018 or 0.58 percent against the GDP. (bbn)
https://www.thejakartapost.com/news/2019/04/23/state-revenue-stands-at-rp-350-1-trillion-in-q1.html

 

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PLN secures US$1.18b syndicated loan for 35,000 MW program

• Stefanno Reinard Sulaiman
  The Jakarta Post
  

Jakarta / Wed, April 24, 2019 / 01:14 pm

Workers are seen at a substation project in Tanjung Karang, Mataram, West Nusa Tenggara, on Sept. 25, 2018. (Antara/Ahmad Subaidi)
State electricity firm PLN has secured Rp 16.75 trillion (US$ 1.18 billion) in syndicated loans from seven local financial institutions to finance the construction of its flagship 35,000 megawatt (MW) electricity program.

PLN announced on Tuesday that the loan was divided into two schemes, with Rp 13.25 trillion offered through a conventional loan scheme and Rp 3.5 trillion under a shariah scheme.

Both have a 10-year tenor.

The syndicated loan, which was inked at the PLN head office in Jakarta on Tuesday, will come from state-owned lender PT Bank Rakyat Indonesia (BRI), state-owned lender Bank Mandiri, private lender PT Bank Central Asia (BCA), private lender CIMB Niaga, state-owned financial institution PT Sarana Multi Infrastruktur (SMI), as well as sharia-based lenders PT BNI Syariah and PT BCA Syariah.

PLN finance director Sarwono Sudarto said the funds would be used to build electricity infrastructure that is part of the 35,000 MW program, such as substations and transmissions.

"The cost of funds is competitive and the loan will boost our rupiah loan portfolio,” he said in a statement, adding that the loan scheme was the “perfect way” for PLN to get funding as the company had to tighten its budget while still fulfilling increasing electricity demand.

“This is why we are always keen on forging a partnership with either banks or non-banks to fund our electricity projects. This successful partnership will also deepen investors' confidence in Indonesia."

The $1.18 billion loan was PLN’s second corporate action in six months after the firm announced in November 2018 that it had obtained a syndicated loan worth $1.62 billion from 20 international banks.

The November loan was also used to finance projects in the 35,000-MW program. (bbn)
https://www.thejakartapost.com/news...18b-syndicated-loan-for-35000-mw-program.html

 

[Nike]

Indonesia has 21 science techno parks: ministry official
25th Apr 2019 18:41

Jakarta (ANTARA) - Another three science technoparks will be set up in Indonesia this year to add to the already existing 18 parks, a top official of the Ministry of Research, Technology, and Higher Education said.

"This year, there are three more science technoparks planned," Secretary General of the Ministry of Research, Technology, and Higher Education Ainun Naim told journalists here Thursday.

The government has targeted the setting up of 100 science technoparks and they have been added to a list of prioritized national programs.

However, the target could not be achieved because of several factors including the lack of scientists who are essential for the development of these technoparks, he said.

In an effort to end that deadlock the ministry collaborated with public universities and non-ministerial agencies, such as the National Nuclear Energy Agency (BATAN) and the Indonesian Institute of Sciencies (LIPI), because they have the scientists, Naim said.

"With this collaboration, science technoparks can be developed at public universities," he said, adding that the ministry has introduced a "Research and Innovation in Science and Technology Project" in 2013.

In developing the science technoparks in the country, this "Riset Pro" is designed to support the products made in the parks for use by the people.

For instance, an electric scooter produced by the Sepuluh Nopember Institute of Technology (ITS), will immediately be sold in the domestic market, he said.

One of the Riset Pro components is improving the framework of innovation-related policies and revitalizing research institutions in the Agency for the Assessment and Application of Technology (BPPT), BATAN, LIPI, and the National Institute of Aeronautics and Space (LAPAN), Naim said.

One of the science technoparks has been set up at the Bogor Institute of Agriculture (IPB), ANTARA noted. Known as the IPB Science Techno Park, it helps the innovation in tropical agriculture, foods, and bio-science.


Reporter: Indriani, Rahmad Nasution

Editor: Bambang Purwanto

COPYRIGHT © ANTARA 2019

https://m.antaranews.com/en/news/124301/indonesia-has-21-science-techno-parks-ministry-official

 

[Nike]

 

[Nike]

Indonesia is expanding the halal industry market in Russia
29th Apr 2019 13:36

London (ANTARA) - Indonesia has, for the foremost instance, taken part in the XI International Economic Summit "Russia-Islamic World: KazanSummit 2019" in a bid to expand the market for Indonesian halal products in Russia.

Held in Kazan, capital of the Republic of Tatarstan, Russian Federation, on April 24-26, the series of activities in which Indonesia participated included the Russia Halal Expo, Indonesia-Russia Business Forum, Kazan Modest Fashion Show, and Forum of Young Diplomats of the OIC Countries, First Secretary of the Indonesian Embassy in Moscow, Enjay Diana noted in a statement to Antara London on Sunday.

Indonesia's keenness to make inroads into the Russian halal industry market was apparent from the presence of seven Indonesian companies that enlivened the 100 square-meter Indonesian Pavilion located at the entrance to the strategic exhibition venue.

The seven Indonesian companies -- Indofood, Garudafood, Mayora (Torabika manufacturer), Incofood (Indocafe producer), Paragon Technology & Innovation (Wardah cosmetics manufacturer), Shafira, and IRD by Indriya R. Dani -- produce food, cosmetic, and fashion items.

The products of Indofood and Torabika have made leeway into the Russian market, while Indocafe, new to producing Shafira Muslim clothing and halal cosmetics, is exploring the potential Russian market.

The Indonesian Pavilion has drawn the attention of visitors restricted not just to businesspersons eyeing opportunities to cooperate with Indonesia and for Indonesian products but also members of the general public seeking information on Indonesian products.

Visitors at the expo were also offered coffee, instant noodles, and other packaged foods. These food products bore halal labelings.

During a visit to the Indonesian Pavilion, President of the Republic of Tatarstan Rustam Minnikhanov welcomed the presence of the Indonesian Pavilion and expressed optimism that Indonesian businessmen would further intensify the trade value between both sides.

Indonesian Ambassador to the Russian Federation and Republic of Belarus Wahid Supriyadi highlighted the importance of Indonesian businesspersons playing an active part to penetrate the huge Russian market.

Expectations ride high over Tatarstan and Indonesian halal products penetrating other Russian regions, with a largely Muslim populace, such as Dagestan, Chechnya, and Bashkorstortan.

In 2018, the trade value between Indonesia and Russia had reached US$2.5 billion, and the presence of Indonesian businessmen was believed to boost the volume of Indonesian-Russian trade.

In addition to holding the Indonesia-Russia Business Forum at the Kazan Summit event, the Indonesian Embassy in Moscow aided a meeting between Indonesian businessmen and the Association of Russian Muslim Entrepreneurs at the Grand Kazan Hotel.

Russian Muslim Entrepreneurs Association President Aidar Shagimardanov has responded positively to the initiative of this business meeting and vowed to bring along a delegation of Russian Muslim businessmen to Indonesia in the near future.

"We must tap into this open market by utilizing networks owned by the Russian Muslim Employers' Association," Ambassador Wahid stated. EDITED BY INE

Reporter: Eliswan Azly

Editor: Fardah Assegaf

COPYRIGHT © ANTARA 2019

 

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The Future of All-Electric Transjakarta Bus Fleet Plan
Translator:
Ricky Mohammad Nugraha
Editor:
Petir Garda Bhwana
30 April 2019 09:41 WIB

Transjakarta Operational Director Daud Joseph said that the company is still in the midst of formulating the plan to operate electric buses in Jakarta but is not sure when.

“I will first attempt to design the formula based on the Governor’s noted, what he hopes for, and then I will create a more detailed operational plan,” said Daud on Monday.

As of now, Transjakarta is in the pre-test phase by exhibiting their all-electric bus fleets to the public via public events such as the weekly car-free day in Bundaran HI in Central Jakarta this week.

Read also: Anies Baswedan Hints on All Electric Transjakarta Bus Fleet

The company currently has three electric bus fleets where two of them are products of Chinese BYD Company Ltd, meanwhile, another unit is produced by PT Mobil Anak Bangsa owned by retired army general Moeldoko.

The electric buses have obtained a test permit (STCK) which allows it to carry passengers in a limited number and limited area of service.

https://en.tempo.co/read/1200576/the-future-of-all-electric-transjakarta-bus-fleet-plan

PT MAB Ready to Produce 10 Electric Buses
28 August 2018 10:36 WIB

TEMPO.CO, Jakarta - PT Mobil Anak Bangsa (MAB) will produce 10 units of electric bus commercial vehicles if the prototype passes the type test at the Ministry of Transportation’s Roadworthy Testing Center and Motor Vehicle Certification (BPLJ-SKB).

PT MAB President Director Leonard said the electric bus commercial vehicle being tested by BPLJ-SKB on Monday 27 August was a prototype-2 bus.

“For a while, we will produce some orders that we have received from the client of around 10 units,” Leonard said.

Leonard explained that his party made several adjustments before registering to conduct a feasibility test to the Ministry of Transportation.

BPLJ-SKB Head Caroline Noorida Aryani confirmed about the trial. The testing of the electric vehicle is regulated by the Minister of Transportation Regulation No. PM 33/2018 concerning Motor Vehicle Testing.

BISNIS.COM

http://en.tempo.co/read/921142/pt-mab-ready-to-produce-10-electric-buses