Indonesia Economy Forum

[Nike]

N Sulawesi tourism facilities should meet four-star standards: Jokowi
4th Jul 2019 23:27

President Jokowi visited a small and medium scale (SME) tourism location known as "The Window of Indonesia" in Manado, North Sulawesi, on Thursday (July 4, 2019). (photo: Desca Lidya Natalia)

Manado, North Sulawesi (ANTARA) - President Joko Widodo (Jokowi) has said that North Sulawesi should have four-star rated tourism facilities for the convenience of tourists.

He said this during his visit to a small and medium scale (SME) tourism location known as "The Window of Indonesia" here on Thursday.

Jokowi is on a working visit to North Sulawesi from July 4 to 5, 2019. He checked the Tanjung Pulisan-Likupang Special Economic Zone (KEK) on Thursday, and will inspect the Bitung KEK on Friday. The two special economic zones are expected to support the tourism industry in the province.

The tourism industry in North Sulawesi has potential and could help boost the local economy, he said.

He instructed Public Works and Public Housing Minister, Basuki Hadimuljono, to fix and improve the various facilities such as the local airport's runway and roads to boost the tourism industry there.

Meanwhile, the number of foreign tourists visiting the province between January and May 2019 reached 55,144 people, an increase of 9.67 percent from 50,284 as compared to the January-May 2018 period, according to data from the Manado immigration office. Foreign tourists constituted those from China (86 percent), Singapore (two percent), Germany (two percent), the United States of America (1.3 percent), and other nations.

North Sulawesi has been referred to as "The Rising Star" by the Tourism Ministry because it has managed to increase its tourism growth by 600 percent over the last four years.

The number of foreign tourists visiting North Sulawesi, particularly Manado and Bitung, was recorded at 20 thousand in 2015, which increased to 40 thousand in 2016, 80 thousand in 2017, and 120 thousand in 2018.

The number of domestic tourist arrivals also rose from two million to four million, an increase of 200 percent, while other regions only recorded an increase of five to 10 percent.

While visiting North Sulawesi, Jokowi was accompanied by First Lady, Iriana; Coordinating Minister for Economic Affairs, Darmin Nasution; Cabinet Secretary, Pramono Anung; Public Works and Public Housing Minister, Basuki Hadimuljono; Transportation Minister, Budi Karya Sumadi; Agrarian and Land Spatial Minister, Sofyan Djalil; Justice and Human Rights Minister, Yasonna Laoly; and North Sulawesi Governor, Olly Dondokambey.


Editor: Rahmad Nasution

COPYRIGHT © ANTARA 2019

 

[Nike]

Kalla, UAE Minister explore avenues to boost investment in Indonesia
20 minutes ago

Vice President Jusuf Kalla (left) and UAE's Energy and Industry Minister Suhail Mohamed Al Mazrouei (right) met at the Vice Presidential office in Jakarta on Friday (July 5, 2019). (ANTARA/Bayu Prasetyo)

Jakarta (ANTARA) - United Arab Emirates' (UAE's) Energy and Industry Minister Suhail Mohamed Al Mazrouei held discussions here, Friday, with Indonesian Vice President Jusuf Kalla on the potential to increase investment in Indonesia, particularly in energy and infrastructure.

Mazrouei arrived at the Vice Presidential Office at around 10:30 a.m. local time on Friday.

"(The meeting is aimed) at making preparations for the visit of the King and for holding a preliminary discussion on investment," Vice President Kalla remarked.

Mazrouei has reiterated his country's commitment to boosting investment in Indonesia.

"The United Arab Emirates has planned to improve business relations with Indonesia to enhance bilateral trade and investment," he noted.

Energy, real estate, and tourism are among the sectors, with investment potential.

Crown Prince of the Emirate of Abu Dhabi Syekh Mohamed bin Zayed Al Nahyan, concurrently the UAE's deputy supreme commander of the Armed Forces, has planned to visit Indonesia in mid-July 2019.Related news: UAE supports halal vaccine production from Indonesia

Related news: Indonesia to lure tourists from UAE

Related news: Kalla speaks on modern armed forces for peacekeepers



Editor: Azizah Fitriyanti

COPYRIGHT © ANTARA 2019

 

[Nike]

Tanjung Priok to start 24/7 operations to boost exports

• News Desk
  The Jakarta Post
  

Jakarta / Mon, July 8, 2019 / 10:01 am

Cranes load and unload shipping containers at the Jakarta International Container Terminal (JICT) in Tanjung Priok, North Jakarta. (Antara/Dhemas Reviyanto)
Transportation Minister Budi Karya Sumadi has said that the government plans to operate Tanjung Priok Seaport in North Jakarta, the country’s largest port, for 24 hours seven days a week in trying to boost exports.

He said all sections at the port – the port office, customs and excise office, immigration, port operator, banks and other stakeholders – would also be required to adjust their working hours to follow the policy.

“We want 24 hours on all days. [...] It will improve productivity,” Budi said on Sunday as quoted by kontan.co.id.

He said in the past, the port only had three service days per week and it had been improved to four to five service days.

He added with only three service days, an exporter needed to operate five trucks to transport 14 containers per day, but with seven service days, an exporter only needed two trucks per day, meaning that it would be more efficient and ease traffic.

“If it takes place smoothly, it will automatically help increase exports,” he said.

The minister saw inefficiency at the port. He gave an example that many trucks had empty containers after transporting imported goods.

“After those trucks take imported goods from Tanjung Priok to Cikarang, West Java, for example, they go back to the port with empty containers,” he said, adding that the government would coordinate with cargo owners and shipping lines to make the truck operation more efficient. (bbn)

 

[Gundala]

N Sulawesi tourism facilities should meet four-star standards: Jokowi
4th Jul 2019 23:27

President Jokowi visited a small and medium scale (SME) tourism location known as "The Window of Indonesia" in Manado, North Sulawesi, on Thursday (July 4, 2019). (photo: Desca Lidya Natalia)

Manado, North Sulawesi (ANTARA) - President Joko Widodo (Jokowi) has said that North Sulawesi should have four-star rated tourism facilities for the convenience of tourists.

He said this during his visit to a small and medium scale (SME) tourism location known as "The Window of Indonesia" here on Thursday.

Jokowi is on a working visit to North Sulawesi from July 4 to 5, 2019. He checked the Tanjung Pulisan-Likupang Special Economic Zone (KEK) on Thursday, and will inspect the Bitung KEK on Friday. The two special economic zones are expected to support the tourism industry in the province.

The tourism industry in North Sulawesi has potential and could help boost the local economy, he said.

He instructed Public Works and Public Housing Minister, Basuki Hadimuljono, to fix and improve the various facilities such as the local airport's runway and roads to boost the tourism industry there.

Meanwhile, the number of foreign tourists visiting the province between January and May 2019 reached 55,144 people, an increase of 9.67 percent from 50,284 as compared to the January-May 2018 period, according to data from the Manado immigration office. Foreign tourists constituted those from China (86 percent), Singapore (two percent), Germany (two percent), the United States of America (1.3 percent), and other nations.

North Sulawesi has been referred to as "The Rising Star" by the Tourism Ministry because it has managed to increase its tourism growth by 600 percent over the last four years.

The number of foreign tourists visiting North Sulawesi, particularly Manado and Bitung, was recorded at 20 thousand in 2015, which increased to 40 thousand in 2016, 80 thousand in 2017, and 120 thousand in 2018.

The number of domestic tourist arrivals also rose from two million to four million, an increase of 200 percent, while other regions only recorded an increase of five to 10 percent.

While visiting North Sulawesi, Jokowi was accompanied by First Lady, Iriana; Coordinating Minister for Economic Affairs, Darmin Nasution; Cabinet Secretary, Pramono Anung; Public Works and Public Housing Minister, Basuki Hadimuljono; Transportation Minister, Budi Karya Sumadi; Agrarian and Land Spatial Minister, Sofyan Djalil; Justice and Human Rights Minister, Yasonna Laoly; and North Sulawesi Governor, Olly Dondokambey.


Editor: Rahmad Nasution

COPYRIGHT © ANTARA 2019

I think this "kendala" represent most of tourism magnet area. Local gov problem such as not having city master plan, zoning, etc, are common problem. To cut it out Federal gov create special economic zone. What I would love to hear is scholarship about city development for all big/medium city officials thru out Indonesia. So City PNS will get better doing their job.

I have abit funny experience when I was in Hotel project in Makassar city. Before renovation start I consult with city official about rules/regulation regarding traffic analyst. Their answer is simple "Asal jangan bikin macet", basically they dont have rules nor knowledge about it. Tho I heard last time Mr.Vice President attacked the issue and pushed to make City master plan for Makassar city. I havent heard about it since then

 

[Nike]

I think this "kendala" represent most of tourism magnet area. Local gov problem such as not having city master plan, zoning, etc, are common problem. To cut it out Federal gov create special economic zone. What I would love to hear is scholarship about city development for all big/medium city officials thru out Indonesia. So City PNS will get better doing their job.

I have abit funny experience when I was in Hotel project in Makassar city. Before renovation start I consult with city official about rules/regulation regarding traffic analyst. Their answer is simple "Asal jangan bikin macet", basically they dont have rules nor knowledge about it. Tho I heard last time Mr.Vice President attacked the issue and pushed to make City master plan for Makassar city. I havent heard about it since then

This an issue since imemorial times

 

[Bungaterakhir]

I think this "kendala" represent most of tourism magnet area. Local gov problem such as not having city master plan, zoning, etc, are common problem. To cut it out Federal gov create special economic zone. What I would love to hear is scholarship about city development for all big/medium city officials thru out Indonesia. So City PNS will get better doing their job.

I have abit funny experience when I was in Hotel project in Makassar city. Before renovation start I consult with city official about rules/regulation regarding traffic analyst. Their answer is simple "Asal jangan bikin macet", basically they dont have rules nor knowledge about it. Tho I heard last time Mr.Vice President attacked the issue and pushed to make City master plan for Makassar city. I havent heard about it since then

"Padahal sebenarnya sudah ada UU No.26/2017 tentang Penataan Ruang yang mewajibkan daerah menyusun RTRW dan RDTR, akan tetapi terbukti belum implementatif," ujarnya.
Source : https://ekonomi.bisnis.com/read/20190509/9/920731/minim-rdtr-pemerintah-diminta-beri-sanksi-ke-pemda

 

[Nike]

NEWS

• BUSINESS

Jokowi issues rule on tax deductions of up to 300% of R&D cost

• News Desk
  The Jakarta Post
  

Jakarta / Tue, July 9, 2019 / 05:48 pm

President Joko "Jokowi" Widodo (The Jakarta Post/Wienda Parwitasari)
President Joko “Jokowi” Widodo has issued a regulation on major tax deductions aimed at boosting investment, research and development (R&D) as well as the participation of businesses in improving Indonesia’s human resources.

Under Government Regulation (PP) No. 45/2019 on the calculation of taxed income and expansion of income tax in the current year, which was issued on June 25 and is an amendment of Government Regulation No. 94/2010, taxpayers can enjoy a tax deduction of up to 300 percent.

Under Article 29C of the new regulation, domestic taxpayers who conduct research and development (R&D) in Indonesia could obtain a gross income as high as 300 percent of the cost of their R&D activities.

“The R&D activities [must be] conducted in Indonesia and produce new inventions, innovations, new technology and/or a transfer of technology to develop industries,” reads Article 29C, Paragraph 2 of the regulation.

Meanwhile, Article 29A stipulates that domestic taxpayers who open a new business or expand their existing businesses in labor-intensive sectors could enjoy a net income tax deduction of 60 percent of the capital they invested as fixed assets.

Under Article 20B, local taxpayers who organize working programs, internships and/or educational activities to develop human resources based on a certain competency could obtain a gross income as high as 200 percent of the funds they had spent for the activities.

“The certain competency [...] aims to improve the quality of manpower through working practice programs, internships and/or education to create effective and efficient human resources to fulfill the demand of businesses and industries,” reads Article 29B, Paragraph 1 of the new regulation.

Law and Human Rights Minister Yasonna H. Laoly said in a statement published in Cabinet Secretariat's official website on Tuesday that the regulation had been in effect since it was issued on June 25. (bbn)

 

[Nilgiri]

NEWS

• BUSINESS

Jokowi issues rule on tax deductions of up to 300% of R&D cost

• News Desk
  The Jakarta Post

Jakarta / Tue, July 9, 2019 / 05:48 pm

President Joko "Jokowi" Widodo (The Jakarta Post/Wienda Parwitasari)
President Joko “Jokowi” Widodo has issued a regulation on major tax deductions aimed at boosting investment, research and development (R&D) as well as the participation of businesses in improving Indonesia’s human resources.

Under Government Regulation (PP) No. 45/2019 on the calculation of taxed income and expansion of income tax in the current year, which was issued on June 25 and is an amendment of Government Regulation No. 94/2010, taxpayers can enjoy a tax deduction of up to 300 percent.

Under Article 29C of the new regulation, domestic taxpayers who conduct research and development (R&D) in Indonesia could obtain a gross income as high as 300 percent of the cost of their R&D activities.

“The R&D activities [must be] conducted in Indonesia and produce new inventions, innovations, new technology and/or a transfer of technology to develop industries,” reads Article 29C, Paragraph 2 of the regulation.

Meanwhile, Article 29A stipulates that domestic taxpayers who open a new business or expand their existing businesses in labor-intensive sectors could enjoy a net income tax deduction of 60 percent of the capital they invested as fixed assets.

Under Article 20B, local taxpayers who organize working programs, internships and/or educational activities to develop human resources based on a certain competency could obtain a gross income as high as 200 percent of the funds they had spent for the activities.

“The certain competency [...] aims to improve the quality of manpower through working practice programs, internships and/or education to create effective and efficient human resources to fulfill the demand of businesses and industries,” reads Article 29B, Paragraph 1 of the new regulation.

Law and Human Rights Minister Yasonna H. Laoly said in a statement published in Cabinet Secretariat's official website on Tuesday that the regulation had been in effect since it was issued on June 25. (bbn)

Good decision.

 

[Nike]

Good decision.

Our R&D starting to produce industrial and commercial products, usually not big stuff but had a lot of niche market

BPPT launches seaweed capsule shells, reduce gelatin imports
10th Jul 2019 20:52

Head of BPPT Hammam Riza during the launch of seaweed capsule shells product at PT Kapsulindo Nusantara, Gunung Putri, Bogor, on Wednesday. (10/07/2019). ANTARA/Martha Herlinawati Simanjuntak

Jakarta (ANTARA) - The Agency for the Assessment and Application of Technology (BPPT) along with its partner, PT Kapsulindo Nusantara launched the Rulindo Caps seaweed capsule shell, which could replace the gelatin shell and reduce import of gelatin.

"By using abundant and halal seaweed raw materials, this product is expected to be highly competitive and can be accepted by the user community," Head of BPPT Hammam Riza said during the launch of seaweed capsule shells product at PT Kapsulindo Nusantara, Gunung Putri, Bogor, Wednesday.

Locally made seaweed capsule shells that are ready for mass production are expected to boost the competitiveness of the domestic pharmaceutical industry.

Until now, medicine capsule packaging has been made of gelatin, and its raw material is imported as the ingredients used in domestic production are not sufficient.

On the other hand, Indonesia is one of the world's largest seaweed producers and still exports most of the raw materials of seaweed products.

By utilizing the abundant local resources, the production of seaweed capsule shells has the potential to capture the market in capsule packaging products.

Seaweed capsules were innovative products that were formerly developed in the laboratory by engineers of BPPT Agroindustry Technology Center.

BPPT cooperated with PT Kapsulindo Nusantara in developing the products by adjusting them to production machines that were previously used for gelatin capsules production.

PT Kapsulindo Nusantara is now ready to produce the seaweed capsules commercially.

"To commercialize the inventive products, BPPT as a government institution must cooperate with industrial partners," Hammam Riza stated.


Editor: Sri Haryati

COPYRIGHT © ANTARA 2019

 

[Gundala]

"Padahal sebenarnya sudah ada UU No.26/2017 tentang Penataan Ruang yang mewajibkan daerah menyusun RTRW dan RDTR, akan tetapi terbukti belum implementatif," ujarnya.
Source : https://ekonomi.bisnis.com/read/20190509/9/920731/minim-rdtr-pemerintah-diminta-beri-sanksi-ke-pemda

What Ive seen from visiting some cities outside Jawa the problems is the quality of city officials human resource. Granted, they dont get paid high enough and have almost no training/course to develop their own human resource. Some dont have decent bugdet, and some just dont care. This is where pemerintah pusat can step in by giving federal budget to train them properly. This should be in some kind of scholarship including some kind of housing/dormitory, pocket money. Why? Because some of the area have very bad road connection, far from decent university, etc. No way they could study properly when the travel time between school and home takes more then 3 hours in most cases even more every day.

Seeing this as one of the issues among many other things probably one of the reason why they dont enforce it as intended.

 

[NEKONEKO]

Indonesia to build country's longest bridge linking islands near Singapore

JAKARTA (Reuters) - Indonesia plans to build a 7 km (4.35 mile) bridge to connect two islands in the Malacca Strait, close to Singapore, as part of efforts to develop industry and tourism in the area, the government said on Thursday.

The bridge connecting Batam and Bintan islands will cost an estimated 4 trillion rupiah ($284.35 million), the office of the cabinet secretary said in a statement on Thursday, and will be the longest in the Southeast Asian country.

The bridge aims to capitalize on expansion of Singapore’s Changi Airport with the development of a new Terminal 5, which will have transport connections to Bintan.

President Joko Widodo, who has made building infrastructure the cornerstone of his first term in office, has pledged to continue cutting bottlenecks Southeast Asia’s largest economy in his second term, which starts in October.

His administration has also sought to market Batam, Indonesia’s only free trade zone, to investors looking to relocate factories out of China amid a simmering trade war between Beijing and Washington.

Construction of the bridge is due to start in 2020 and take three to four years to complete, the office said.

https://www.reuters.com/article/us-...-linking-islands-near-singapore-idUSKCN1U6157

 

[Indos]

 

[Gundala]

Indonesia to build country's longest bridge linking islands near Singapore

JAKARTA (Reuters) - Indonesia plans to build a 7 km (4.35 mile) bridge to connect two islands in the Malacca Strait, close to Singapore, as part of efforts to develop industry and tourism in the area, the government said on Thursday.

The bridge connecting Batam and Bintan islands will cost an estimated 4 trillion rupiah ($284.35 million), the office of the cabinet secretary said in a statement on Thursday, and will be the longest in the Southeast Asian country.

The bridge aims to capitalize on expansion of Singapore’s Changi Airport with the development of a new Terminal 5, which will have transport connections to Bintan.

President Joko Widodo, who has made building infrastructure the cornerstone of his first term in office, has pledged to continue cutting bottlenecks Southeast Asia’s largest economy in his second term, which starts in October.

His administration has also sought to market Batam, Indonesia’s only free trade zone, to investors looking to relocate factories out of China amid a simmering trade war between Beijing and Washington.

Construction of the bridge is due to start in 2020 and take three to four years to complete, the office said.

https://www.reuters.com/article/us-...-linking-islands-near-singapore-idUSKCN1U6157

Oh wow....it will be interesting to see the effect on Bintan social and economic if they make it happen.

 

[barjo]

Alibaba, e-bay sucess inspired the transnasional commerce in the future, hope tokopedia will succes to
https://www.cnbcindonesia.com/finte...ra-bicara-ekspansi-tokopedia-cs-ke-arab-saudi

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Home Fintech Berita Fintech

LIVE! Rudiantara Bicara 'Ekspansi' Tokopedia Cs ke Arab Saudi
Redaksi, CNBC Indonesia
FINTECH

12 July 2019 11:13

Foto: Menteri Komunikasi dan Informatika Rudiantara (CNBC Indonesia/Fitri Said)
Jakarta, CNBC Indonesia - Dalam beberapa tahun terakhir startup di Indonesia tumbuh sumber di Indonesia. Alasannya, karena pemerintah tidak meregulasi ketat perusahaan berbasis internet ini.

Menteri Komunikasi dan Informatika Rudiantara menjelaskan soal ini. Simak video lengkapnya di bawah ini.

 

[Gundala]

karena pemerintah tidak meregulasi ketat perusahaan berbasis internet ini

That is a very interesting statement, I hope it doesnt mean that closely regulated company/field of business is doom to failure

Anyway perhaps he has a point. Creating fintech company is easy, less regulation, tax grey area, etc. Easy to start in short. Nowadays I even heard about group of individual Investor backed by maybe one of Indonesia big company (or so I heard) creating an affordable virtual office in "Segitiga Emas area". I was like what the hell they doing in the virtual office business? Turns out that they eyeing those small fintech startup who work at their establishment and ready to invest in that startup fintech. I was like OMG so thats why they started virtual office business in a first place! Smart and slick move at the same time I must say