Multani
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he was a great enemy of islam
Indonesia Economy Forum
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he was a great enemy of islam
Reashot Xigwin
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Indonesia eyes volcano-powered energy
Indonesia has passed laws easing restrictions around harvesting power from the nation’s volcanoes. Experts are hoping this will kickstart the country's potentially lucrative renewable energy market.
New laws have been passed in Indonesia in an effort to fast-track renewable sources of energy. The changes are a revision to the existing legislation around geothermal energy which is sourced from the country's numerous volcanoes. The new law reclassifies exploratory activities for energy hotspots, thus circumventing problematic environment protections. It also gives the central government the responsibility of awarding licenses to investors wanting to explore sites, taking it away from local authorities.
With around 150 volcanoes, most of them active, Indonesia is ideally placed to become a leader in renewable energy. But although the country could supply up to 40 percent of the world's geothermal power, many sites earmarked for development in the archipelago have been mired in red tape, rendering the Southeast Asian nation dependent upon fossil fuels such as coal and oil.
By far the biggest issue for the industry has been the huge expense involved in both exploring and eventually drilling deep into the earth's crust to tap into this energy source. Jakarta has gone to great lengths to encourage the use of geothermal power, including setting itself ambitious goals for the building of new plants.
Meanwhile, Indonesia continues to suffer from a chronic lack of electricity as the demands of its 247 million citizens outpaces supply. Alexander Richter, founder and principal of the online magazine and consultancy firm ThinkGeoEnergy, says in a DW interview that while the new law is a promising step, whether it heralds a new era of green energy in Indonesia depends on financing and continued government support.
DW: What does this new law mean for Indonesia's energy industry?
Alexander Richter:The new geothermal legislation in Indonesia has indeed been a long time in the making. This is a complex law as it not only opens forest areas for geothermal development, but also affects the decision power of local authorities, shifting some of it to the central government and thus causing a lot of opposition.
Richter: 'This is a complex law as it not only opens forest areas for geothermal development, but also affects the decision power of local authorities'
Last but not least, other industrial sectors looked at securing their position towards geothermal energy as well, asking for similar development rights. The recently concluded presidential election surely also delayed the process. Now one can expect licensing and permitting to be done much quicker, also making the process much simpler.
How is geothermal energy extracted?
Geothermal energy, or essentially the heat of the earth, can be found in the magma in the inner core of the planet. Volcanic activities are an expression of that energy coming to the surface in the form of magma or through erupting volcanoes. The energy is tapped by drilling wells into reservoirs of hot water that have formed above the magma. Through those drilled wells, steam is brought to the surface, which is used to turn turbines that generate power. If re-injected through additional wells, geothermal systems can be sustainable for decades.
Which countries have access to this energy source?
Geothermal energy can essentially be found and tapped around the world; it is just a matter of how deep one needs to drill, which in turn is an issue of economic feasibility. Geothermal energy is closest to the surface in volcanic areas alongside tectonic plates. This is why most of today's geothermal energy plants and projects can be found in the western United States, Mexico, in the Philippines, Indonesia, Italy, New Zealand, Iceland, and Japan, and not to forget in Kenya and other countries in the East African Rift Valley.
But through different technologies, geothermal energy can also be tapped into in other non-volcanic areas of the world, such as Germany. However, this would require deeper wells, thus making the process more costly.
If Indonesia has the potential to supply up to 40 percent of the world's geothermal energy, what is stopping it from doing so?
It is always difficult to find the right balance between what is technically possible and what is economically and environmentally feasible. So, even if the potential is great, geothermal development requires lots of money up-front and involves some risks related to successfully tapping reservoirs through drilling.
Furthermore, geothermal resources are not always where you need the power, which requires transmission infrastructure. In addition to this, attracting foreign investment and the availability of bank financing are important issues for each geothermal region today. Political issues and competition from other energy sources might also play into the equation.
However, Indonesia has taken a lot of steps to help its geothermal industry grow. Providing guarantees for power purchase agreements by the state power company, setting feed-in-tariffs and now opening up forest areas for geothermal exploration, are all steps welcomed by the industry. So the path for further development should be laid. Time will tell how things will move from here.
Why does a country with such vast untapped power sources still face regular power cuts?
Indonesia is an emerging economy, growing at an incredible pace. The energy demand is increasing at a magnitude that would be difficult to manage for any country. As an archipelago country with more than 17,000 islands and a population of roughly 250 million, energy demand has not only grown significantly, but also created transmission issues.
Transmission infrastructure often does not grow at the same pace as power development or demand. This, in turn, leads to weaknesses in the energy market and power cuts. A similar situation can be found in the Philippines.
What is the environmental impact of geothermal energy production facilities?
There always is some environmental impact of plants, as development requires road work and infrastructure, including well fields to be built. There are also some emissions from plants, but this is something that should be accounted for by the company in charge. Compared to other energy sources, however, the environmental footprint of geothermal power plants is rather small.
Are there any risks involved given the fact that geothermal plants are often located in the vicinity of volcanoes?
The placement of those plants always takes into consideration potential eruptions. While there have been instances were lava flows have threatened geothermal plants, I have not heard of plants having been destroyed as a result.
Geothermal energy can essentially be found and tapped around the world; it is just a matter of how deep one needs to drill, says Richter
Earthquakes are another element and are actually often positive for reservoirs as they naturally fracture the ground and help increase and "refresh" reservoirs. Plants themselves might shut down for a few days, but are not seriously affected.
How long will it take for Indonesia to switch to geothermal energy as its main power source?
With the tremendous energy demand in Indonesia, the country will depend on a variety of energy sources. Geothermal energy will be an important element, but it is unlikely to be the main power source, at least in the foreseeable future.
Alexander Richter is the founder and principal of online magazine and consultancy firm ThinkGeoEnergy, which focuses on news and issues concerning the geothermal energy industry.
Indonesia eyes volcano-powered energy | Asia | DW.DE | 05.09.2014
Indonesia has passed laws easing restrictions around harvesting power from the nation’s volcanoes. Experts are hoping this will kickstart the country's potentially lucrative renewable energy market.
New laws have been passed in Indonesia in an effort to fast-track renewable sources of energy. The changes are a revision to the existing legislation around geothermal energy which is sourced from the country's numerous volcanoes. The new law reclassifies exploratory activities for energy hotspots, thus circumventing problematic environment protections. It also gives the central government the responsibility of awarding licenses to investors wanting to explore sites, taking it away from local authorities.
With around 150 volcanoes, most of them active, Indonesia is ideally placed to become a leader in renewable energy. But although the country could supply up to 40 percent of the world's geothermal power, many sites earmarked for development in the archipelago have been mired in red tape, rendering the Southeast Asian nation dependent upon fossil fuels such as coal and oil.
By far the biggest issue for the industry has been the huge expense involved in both exploring and eventually drilling deep into the earth's crust to tap into this energy source. Jakarta has gone to great lengths to encourage the use of geothermal power, including setting itself ambitious goals for the building of new plants.
Meanwhile, Indonesia continues to suffer from a chronic lack of electricity as the demands of its 247 million citizens outpaces supply. Alexander Richter, founder and principal of the online magazine and consultancy firm ThinkGeoEnergy, says in a DW interview that while the new law is a promising step, whether it heralds a new era of green energy in Indonesia depends on financing and continued government support.
DW: What does this new law mean for Indonesia's energy industry?
Alexander Richter:The new geothermal legislation in Indonesia has indeed been a long time in the making. This is a complex law as it not only opens forest areas for geothermal development, but also affects the decision power of local authorities, shifting some of it to the central government and thus causing a lot of opposition.
Richter: 'This is a complex law as it not only opens forest areas for geothermal development, but also affects the decision power of local authorities'
Last but not least, other industrial sectors looked at securing their position towards geothermal energy as well, asking for similar development rights. The recently concluded presidential election surely also delayed the process. Now one can expect licensing and permitting to be done much quicker, also making the process much simpler.
How is geothermal energy extracted?
Geothermal energy, or essentially the heat of the earth, can be found in the magma in the inner core of the planet. Volcanic activities are an expression of that energy coming to the surface in the form of magma or through erupting volcanoes. The energy is tapped by drilling wells into reservoirs of hot water that have formed above the magma. Through those drilled wells, steam is brought to the surface, which is used to turn turbines that generate power. If re-injected through additional wells, geothermal systems can be sustainable for decades.
Which countries have access to this energy source?
Geothermal energy can essentially be found and tapped around the world; it is just a matter of how deep one needs to drill, which in turn is an issue of economic feasibility. Geothermal energy is closest to the surface in volcanic areas alongside tectonic plates. This is why most of today's geothermal energy plants and projects can be found in the western United States, Mexico, in the Philippines, Indonesia, Italy, New Zealand, Iceland, and Japan, and not to forget in Kenya and other countries in the East African Rift Valley.
But through different technologies, geothermal energy can also be tapped into in other non-volcanic areas of the world, such as Germany. However, this would require deeper wells, thus making the process more costly.
If Indonesia has the potential to supply up to 40 percent of the world's geothermal energy, what is stopping it from doing so?
It is always difficult to find the right balance between what is technically possible and what is economically and environmentally feasible. So, even if the potential is great, geothermal development requires lots of money up-front and involves some risks related to successfully tapping reservoirs through drilling.
Furthermore, geothermal resources are not always where you need the power, which requires transmission infrastructure. In addition to this, attracting foreign investment and the availability of bank financing are important issues for each geothermal region today. Political issues and competition from other energy sources might also play into the equation.
However, Indonesia has taken a lot of steps to help its geothermal industry grow. Providing guarantees for power purchase agreements by the state power company, setting feed-in-tariffs and now opening up forest areas for geothermal exploration, are all steps welcomed by the industry. So the path for further development should be laid. Time will tell how things will move from here.
Why does a country with such vast untapped power sources still face regular power cuts?
Indonesia is an emerging economy, growing at an incredible pace. The energy demand is increasing at a magnitude that would be difficult to manage for any country. As an archipelago country with more than 17,000 islands and a population of roughly 250 million, energy demand has not only grown significantly, but also created transmission issues.
Transmission infrastructure often does not grow at the same pace as power development or demand. This, in turn, leads to weaknesses in the energy market and power cuts. A similar situation can be found in the Philippines.
What is the environmental impact of geothermal energy production facilities?
There always is some environmental impact of plants, as development requires road work and infrastructure, including well fields to be built. There are also some emissions from plants, but this is something that should be accounted for by the company in charge. Compared to other energy sources, however, the environmental footprint of geothermal power plants is rather small.
Are there any risks involved given the fact that geothermal plants are often located in the vicinity of volcanoes?
The placement of those plants always takes into consideration potential eruptions. While there have been instances were lava flows have threatened geothermal plants, I have not heard of plants having been destroyed as a result.
Geothermal energy can essentially be found and tapped around the world; it is just a matter of how deep one needs to drill, says Richter
Earthquakes are another element and are actually often positive for reservoirs as they naturally fracture the ground and help increase and "refresh" reservoirs. Plants themselves might shut down for a few days, but are not seriously affected.
How long will it take for Indonesia to switch to geothermal energy as its main power source?
With the tremendous energy demand in Indonesia, the country will depend on a variety of energy sources. Geothermal energy will be an important element, but it is unlikely to be the main power source, at least in the foreseeable future.
Alexander Richter is the founder and principal of online magazine and consultancy firm ThinkGeoEnergy, which focuses on news and issues concerning the geothermal energy industry.
Indonesia eyes volcano-powered energy | Asia | DW.DE | 05.09.2014
Indos
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Mitsubishi leads $600 million investment in Indonesia plant, new car
By Yayat Supriyatna and Yoko Kubota
JAKARTA/TOKYO Tue Sep 16, 2014 11:09am EDT
(Reuters) - Mitsubishi Motors Corp (7211.T) is leading a $600 million investment in Indonesia to build a factory and develop a new car, as the Japanese auto maker seeks to expand in a growing and increasingly competitive auto market.
The pace of auto sales growth in Indonesia has been easing this year as the economy has slowed, but Chief Executive Osamu Masuko said boosting volume in one of the world's most populous countries was crucial for its long-term growth.
"(Indonesia's) population still increases every year, so in the future the Indonesian market will become bigger and bigger," he told reporters in Jakarta.
"This is the most important project for our sustainable growth," he added later, speaking by telephone.
Japan's second-tier car makers, including Mitsubishi Motors - which sells a little over 1 million vehicles globally a year - are betting on growth in Southeast Asia to compensate for shrinking sales in their ageing domestic market.
The region now accounts for a quarter of Mitsubishi Motors' global vehicle sales and Indonesia, with a population of around 240 million people, is the automaker's biggest foreign market.
Mitsubishi's move comes as foreign investment in Indonesia appears to be picking up, fueled by hopes of reform after Joko Widodo was elected president.
Indonesia may also exempt Mitsubishi from some import duties for a period, for example on raw materials, Budi Darmadi, an official at the industry ministry, told Reuters.
The new Indonesian plant will have an annual capacity of 160,000 vehicles and Mitsubishi may expand that to 240,000 vehicles in the future, Masuko said, adding production would start in the first half of 2017.
With the help of the new plant, Mitsubishi Motors aims to boost its Indonesian market share to 13 percent from the current 8 percent and make Indonesia its second-biggest production base in Southeast Asia after Thailand, he said.
BIGGER SHARE
At the new plant, to be built in an industrial park 37 km (23 miles) east of Jakarta, Mitsubishi will make a new multi-purpose vehicle (MPV) that can seat up to about eight passengers as well as two types of commercial vehicles, Masuko said.
Toyota Motor Corp (7203.T) used to dominate in the MPV segment with the Avanza, but competition is heating up as rivals introduce new models such as Honda Motor Co's (7267.T) Mobilio.
Mitsubishi plans to manufacture 80,000 MPVs at the plant a year and export 20,000 of them mainly to Thailand, Philippines and Vietnam, Masuko said.
Out of the $600 million investment, Mitsubishi Motors will pay around $250 million to develop the new MPV.
Mitsubishi Motors, trading house Mitsubishi Corp (8058.T) and a local partner will split the remaining of $350 million to build the plant, Masuko said.
Mitsubishi Motors, owned 10.1 percent by Mitsubishi Corp, currently manufactures commercial vehicles at a plant in Jakarta owned by Mitsubishi Corp and local partners.
The car maker has yet to decide what it will do with its capacity at this plant, a spokesman said. In the last financial year, Mitsubishi Motors made around 68,000 vehicles in Indonesia.
(Additional reporting by Eveline Danubrata and Dennys Kapa in Jakarta; Editing by Stephen Coates, Edwina Gibbs and Clara Ferreira Marques)
Mitsubishi leads $600 million investment in Indonesia plant, new car| Reuters
By Yayat Supriyatna and Yoko Kubota
JAKARTA/TOKYO Tue Sep 16, 2014 11:09am EDT
(Reuters) - Mitsubishi Motors Corp (7211.T) is leading a $600 million investment in Indonesia to build a factory and develop a new car, as the Japanese auto maker seeks to expand in a growing and increasingly competitive auto market.
The pace of auto sales growth in Indonesia has been easing this year as the economy has slowed, but Chief Executive Osamu Masuko said boosting volume in one of the world's most populous countries was crucial for its long-term growth.
"(Indonesia's) population still increases every year, so in the future the Indonesian market will become bigger and bigger," he told reporters in Jakarta.
"This is the most important project for our sustainable growth," he added later, speaking by telephone.
Japan's second-tier car makers, including Mitsubishi Motors - which sells a little over 1 million vehicles globally a year - are betting on growth in Southeast Asia to compensate for shrinking sales in their ageing domestic market.
The region now accounts for a quarter of Mitsubishi Motors' global vehicle sales and Indonesia, with a population of around 240 million people, is the automaker's biggest foreign market.
Mitsubishi's move comes as foreign investment in Indonesia appears to be picking up, fueled by hopes of reform after Joko Widodo was elected president.
Indonesia may also exempt Mitsubishi from some import duties for a period, for example on raw materials, Budi Darmadi, an official at the industry ministry, told Reuters.
The new Indonesian plant will have an annual capacity of 160,000 vehicles and Mitsubishi may expand that to 240,000 vehicles in the future, Masuko said, adding production would start in the first half of 2017.
With the help of the new plant, Mitsubishi Motors aims to boost its Indonesian market share to 13 percent from the current 8 percent and make Indonesia its second-biggest production base in Southeast Asia after Thailand, he said.
BIGGER SHARE
At the new plant, to be built in an industrial park 37 km (23 miles) east of Jakarta, Mitsubishi will make a new multi-purpose vehicle (MPV) that can seat up to about eight passengers as well as two types of commercial vehicles, Masuko said.
Toyota Motor Corp (7203.T) used to dominate in the MPV segment with the Avanza, but competition is heating up as rivals introduce new models such as Honda Motor Co's (7267.T) Mobilio.
Mitsubishi plans to manufacture 80,000 MPVs at the plant a year and export 20,000 of them mainly to Thailand, Philippines and Vietnam, Masuko said.
Out of the $600 million investment, Mitsubishi Motors will pay around $250 million to develop the new MPV.
Mitsubishi Motors, trading house Mitsubishi Corp (8058.T) and a local partner will split the remaining of $350 million to build the plant, Masuko said.
Mitsubishi Motors, owned 10.1 percent by Mitsubishi Corp, currently manufactures commercial vehicles at a plant in Jakarta owned by Mitsubishi Corp and local partners.
The car maker has yet to decide what it will do with its capacity at this plant, a spokesman said. In the last financial year, Mitsubishi Motors made around 68,000 vehicles in Indonesia.
(Additional reporting by Eveline Danubrata and Dennys Kapa in Jakarta; Editing by Stephen Coates, Edwina Gibbs and Clara Ferreira Marques)
Mitsubishi leads $600 million investment in Indonesia plant, new car| Reuters
katarabhumi
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Two international bodies award Indonesia for its success
Thursday, 25 September 2014
REPUBLIKA.CO.ID, LONDON - Indonesia garnered the Outstanding Achievement Award from the International Atomic Energy Agency (IAEA) and Food and Agriculture Organization (FAO) for its success in research and utilization of nuclear science and technology to breed food crops.
According to a spokesman of the Indonesian Embassy in Vienna, Austria, Dody Kusumonegoro, on Thursday that the Radiation and Isotope Application Center at the Indonesian National Atomic Energy Agency (Batan) has successfully utilized nuclear science and technology to breed food crops, and therefore, it was entitled to the award.
Dody remarked that the award was conferred on Indonesian Ambassador to Austria Rachmat Budiman in the presence of Batan Chief Djarot Wisnubroto on the sidelines of the 58th annual regular session of the IAEA General Conference on September 22-26, 2014, in Vienna.
Budiman stated that through the technical cooperation with the IAEA, since 2012 Indonesia had assisted numerous countries for capacity building in the application of nuclear technology in the fields of food, agriculture, health, and industry. He noted that it was part of Indonesia's support for the program of International Peaceful Uses Initiative and the Technical Cooperation among Developing Countries (TCDC).
Wow... Two international bodies award Indonesia for its success | Republika Online
===
RI’s economy to grow 5.4% in second half: ADB
The Jakarta Post, Jakarta | Business | Thu, September 25 2014
The Asian Development Bank (ADB) says that it is confident that Indonesia’s economic growth will reach 5.4 percent in the second semester of the year, after slowing to 5.2 percent in the first semester.
ADB economist Edimon Ginting stated that the bank’s projection was in line with the government’s projected target of 5.4 percent economic growth by the end of 2014, adding that expectations of the new cabinet would drive better growth.
“A low inflation rate can also help increase people’s consumption this year,” he said Thursday, as quoted by kontan.co.id.
He added that several of the new government’s plans, including investment climate improvement, bureaucratic reform and infrastructure development, would be crucial to achieving the target.
He said that good indications, such as rising business confidence and an improving manufacturing trend, would strengthen the investment climate next year.
Furthermore, potential foreign investors have also assessed Indonesia as a profitable investment target.
“Around 63 percent of foreign investors are optimistic about the investment environment in the ASEAN region, with 41 percent of them saying if they were to expand in the region, Indonesia would be their choice,” he continued.
According to ADB data, the private sector consumption rate managed to reach 60 percent in the first semester of 2014.
With the assumption of better investment in the private sector, he was confident that the inflation rate would continue to decrease to the end of 2014.
Recent data from Bank Indonesia revealed that the year-on-year inflation rate stood at 4.53 percent in July. (dyl/nfo)(++++)
RI’s economy to grow 5.4% in second half: ADB | The Jakarta Post
Thursday, 25 September 2014
REPUBLIKA.CO.ID, LONDON - Indonesia garnered the Outstanding Achievement Award from the International Atomic Energy Agency (IAEA) and Food and Agriculture Organization (FAO) for its success in research and utilization of nuclear science and technology to breed food crops.
According to a spokesman of the Indonesian Embassy in Vienna, Austria, Dody Kusumonegoro, on Thursday that the Radiation and Isotope Application Center at the Indonesian National Atomic Energy Agency (Batan) has successfully utilized nuclear science and technology to breed food crops, and therefore, it was entitled to the award.
Dody remarked that the award was conferred on Indonesian Ambassador to Austria Rachmat Budiman in the presence of Batan Chief Djarot Wisnubroto on the sidelines of the 58th annual regular session of the IAEA General Conference on September 22-26, 2014, in Vienna.
Budiman stated that through the technical cooperation with the IAEA, since 2012 Indonesia had assisted numerous countries for capacity building in the application of nuclear technology in the fields of food, agriculture, health, and industry. He noted that it was part of Indonesia's support for the program of International Peaceful Uses Initiative and the Technical Cooperation among Developing Countries (TCDC).
Wow... Two international bodies award Indonesia for its success | Republika Online
===
RI’s economy to grow 5.4% in second half: ADB
The Jakarta Post, Jakarta | Business | Thu, September 25 2014
The Asian Development Bank (ADB) says that it is confident that Indonesia’s economic growth will reach 5.4 percent in the second semester of the year, after slowing to 5.2 percent in the first semester.
ADB economist Edimon Ginting stated that the bank’s projection was in line with the government’s projected target of 5.4 percent economic growth by the end of 2014, adding that expectations of the new cabinet would drive better growth.
“A low inflation rate can also help increase people’s consumption this year,” he said Thursday, as quoted by kontan.co.id.
He added that several of the new government’s plans, including investment climate improvement, bureaucratic reform and infrastructure development, would be crucial to achieving the target.
He said that good indications, such as rising business confidence and an improving manufacturing trend, would strengthen the investment climate next year.
Furthermore, potential foreign investors have also assessed Indonesia as a profitable investment target.
“Around 63 percent of foreign investors are optimistic about the investment environment in the ASEAN region, with 41 percent of them saying if they were to expand in the region, Indonesia would be their choice,” he continued.
According to ADB data, the private sector consumption rate managed to reach 60 percent in the first semester of 2014.
With the assumption of better investment in the private sector, he was confident that the inflation rate would continue to decrease to the end of 2014.
Recent data from Bank Indonesia revealed that the year-on-year inflation rate stood at 4.53 percent in July. (dyl/nfo)(++++)
RI’s economy to grow 5.4% in second half: ADB | The Jakarta Post
Japan's J Trust set to buy Indonesia's Bank Mutiara
(Reuters) - Japanese finance company J Trust Co Ltd (8508.T) is set to buy Indonesia's PT Bank Mutiara Tbk to tap rising demand for retail finance in Southeast Asia's largest economy.
Bank Mutiara, previously known as Bank Century, was bailed out by the Indonesian government during the global financial crisis in 2008 and has been run by the Indonesian Deposit Insurance Corporation, or Lembaga Penjamin Simpanan (LPS).
Bank Mutiara has been restructuring its business under LPS' supervision and the state agency started a public bidding process to sell its 99.996 percent interest in the lender in April 2014.
The sale is exempt from the 40 percent cap on foreign ownership of commercial banks in Indonesia. It also comes at a time when Indonesian lawmakers are drafting bills to restrict foreign ownership in the banking, insurance and plantation sectors amid rising nationalist sentiment.
"The company submitted a letter of interest to acquire LPS' interest in Bank Mutiara and today, LPS disclosed that the company was selected as the successful bidder," J Trust said in a statement dated Friday.
J Trust said it wanted to help meet rising demand for retail finance in the country of about 250 million people, as personal incomes increase in line with Indonesia's strong economic growth that has outpaced most of the region in recent years.
J Trust Group's Singapore subsidiary already has a "strategic operational alliance" with Indonesia's Bank Mayapada Internasional Tbk (MAYA.JK).
J Trust said it needed the approval of the Indonesian financial services authority to become a major shareholder in Bank Mutiara. The company did not disclose its offer price.
A person familiar with the process previously said Bank Mutiara could fetch about $300 million, lower than the estimated 6.7 trillion rupiah ($564.45 million) that the Indonesian government spent to bail out what was then Bank Century.
Jakarta-based Bank Mutiara has 62 branch offices across Indonesia and a total asset value of around 13 trillion rupiah ($1.10 billion).
LPS executive head Kartika Wirjoatmodjo told Reuters in July that foreign investors were attracted by the opportunity to own 100 percent of the bank for 20 years. Bank Mutiara offered "significant franchise value" and potential to scale up quickly, he added.
The Hong Kong unit of Bank of China BOCHK.UL, Malaysia's Hong Leong Bank Bhd (HLBB.KL) and an Indonesian conglomerate were among the short-listed bidders to buy Bank Mutiara, people with knowledge of the bidding process told Reuters.
Bank Rakyat Indonesia (BBRI.JK) had also qualified to bid, its finance director previously said.
Japan's J Trust set to buy Indonesia's Bank Mutiara | Reuters
(Reuters) - Japanese finance company J Trust Co Ltd (8508.T) is set to buy Indonesia's PT Bank Mutiara Tbk to tap rising demand for retail finance in Southeast Asia's largest economy.
Bank Mutiara, previously known as Bank Century, was bailed out by the Indonesian government during the global financial crisis in 2008 and has been run by the Indonesian Deposit Insurance Corporation, or Lembaga Penjamin Simpanan (LPS).
Bank Mutiara has been restructuring its business under LPS' supervision and the state agency started a public bidding process to sell its 99.996 percent interest in the lender in April 2014.
The sale is exempt from the 40 percent cap on foreign ownership of commercial banks in Indonesia. It also comes at a time when Indonesian lawmakers are drafting bills to restrict foreign ownership in the banking, insurance and plantation sectors amid rising nationalist sentiment.
"The company submitted a letter of interest to acquire LPS' interest in Bank Mutiara and today, LPS disclosed that the company was selected as the successful bidder," J Trust said in a statement dated Friday.
J Trust said it wanted to help meet rising demand for retail finance in the country of about 250 million people, as personal incomes increase in line with Indonesia's strong economic growth that has outpaced most of the region in recent years.
J Trust Group's Singapore subsidiary already has a "strategic operational alliance" with Indonesia's Bank Mayapada Internasional Tbk (MAYA.JK).
J Trust said it needed the approval of the Indonesian financial services authority to become a major shareholder in Bank Mutiara. The company did not disclose its offer price.
A person familiar with the process previously said Bank Mutiara could fetch about $300 million, lower than the estimated 6.7 trillion rupiah ($564.45 million) that the Indonesian government spent to bail out what was then Bank Century.
Jakarta-based Bank Mutiara has 62 branch offices across Indonesia and a total asset value of around 13 trillion rupiah ($1.10 billion).
LPS executive head Kartika Wirjoatmodjo told Reuters in July that foreign investors were attracted by the opportunity to own 100 percent of the bank for 20 years. Bank Mutiara offered "significant franchise value" and potential to scale up quickly, he added.
The Hong Kong unit of Bank of China BOCHK.UL, Malaysia's Hong Leong Bank Bhd (HLBB.KL) and an Indonesian conglomerate were among the short-listed bidders to buy Bank Mutiara, people with knowledge of the bidding process told Reuters.
Bank Rakyat Indonesia (BBRI.JK) had also qualified to bid, its finance director previously said.
Japan's J Trust set to buy Indonesia's Bank Mutiara | Reuters
Chronos
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Indos
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@Indos this is off topic, but I saw Raid 2. Iko Uwais, Yayan Ruhian, Cecep Arif Rehman is awesome.
Pencak Silat is awesome too. ( I know here is many variations of Silat).
Didn't know Indonesian Martial arts could be so badass!
Yah, I saw as well The Raid 2, The Raid 1 is also good though. That person, Iko Uwais, is just a driver before with a very good pencak silat skills. So, we also can see other story behind the movie, which is how a person's life can be much different financially if our skills meet industry demand, and we can capitalize it.
Chronos
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I actually saw Raid 1 7 or so months ago. Yep, I know about Iko Uwais and his story.
I have heard that Cecep Arif Rehman is an elementary teacher xD. His students will not disobey him now xD.
I want to visit Indonesia. Not Bali, where every foreigner goes. Once I have money though. Hope you won't mind me dropping in one day
Indos
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I actually saw Raid 1 7 or so months ago. Yep, I know about Iko Uwais and his story.
I have heard that Cecep Arif Rehman is an elementary teacher xD. His students will not disobey him now xD.
I want to visit Indonesia. Not Bali, where every foreigner goes. Once I have money though. Hope you won't mind me dropping in one day
Well, Indonesia is very beautiful. We will welcome you, of course. I believe many people from New Zealand have already visited my country. And for Indian, we have many of them as professional workers. I have both New Zealand and Indian friends before.
Talking about The Raid 2, I believe the Director has learned so well that he has to put more time for female player there.
MarveL
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The New Face of Indonesian Democracy
Photograph by Adam Ferguson for TIME
Indonesia is the world’s fourth most populous nation, a democracy with rich natural resources and more Muslims than any other country on the planet. And it just elected a new President. Meet Joko Widodo
The passenger sitting in 42K, deep in economy class, orders a cup of milk from the flight attendant, then leans against the window for a nap. Far below, as Garuda Indonesia Flight GA 226 heads east toward the Indonesian heartland city of Solo, an angry mountain sends a vermilion blaze into the night sky, just another eruption in a country with the most active volcanoes on earth. A little girl named Shakira slowly makes her way to the bathrooms at the back of the plane, checking out each traveler with the forthright stare of a 5-year-old. She glances at the sleeping figure, then points, like an overexcited tourist on safari. “It’s Mr. Jokowi,” she says, delighted at her discovery. “He’s on the plane with me.”
On Oct. 20, Joko Widodo, universally known by the nickname Jokowi, will be sworn in as the seventh...
This appears in the October 27, 2014 issue of TIME.
Joko Widodo: The New Face of Indonesian Democracy
Photograph by Adam Ferguson for TIME
Indonesia is the world’s fourth most populous nation, a democracy with rich natural resources and more Muslims than any other country on the planet. And it just elected a new President. Meet Joko Widodo
The passenger sitting in 42K, deep in economy class, orders a cup of milk from the flight attendant, then leans against the window for a nap. Far below, as Garuda Indonesia Flight GA 226 heads east toward the Indonesian heartland city of Solo, an angry mountain sends a vermilion blaze into the night sky, just another eruption in a country with the most active volcanoes on earth. A little girl named Shakira slowly makes her way to the bathrooms at the back of the plane, checking out each traveler with the forthright stare of a 5-year-old. She glances at the sleeping figure, then points, like an overexcited tourist on safari. “It’s Mr. Jokowi,” she says, delighted at her discovery. “He’s on the plane with me.”
On Oct. 20, Joko Widodo, universally known by the nickname Jokowi, will be sworn in as the seventh...
This appears in the October 27, 2014 issue of TIME.
Joko Widodo: The New Face of Indonesian Democracy
katarabhumi
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@Indos this is off topic, but I saw Raid 2. Iko Uwais, Yayan Ruhian, Cecep Arif Rehman is awesome.
Pencak Silat is awesome too. ( I know here is many variations of Silat).
Didn't know Indonesian Martial arts could be so badass!
Ahh a fellow Raid fan.. Nice.
katarabhumi
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Indonesian alumina plant to get US$500m investment from Russia’s VI Holding
OCTOBER 21, 2014
JAKARTA, Oct 21 — Russia’s industrial group Vi Holding will invest US$500 million (RM1.6 billion) in an alumina refinery in Indonesia that could be built in the next three to four years, Russian Trade Minister Denis Manturov told Reuters today.
Southeast Asia’s biggest economy introduced a controversial mineral ore export ban in January, aimed at forcing miners to move up the value chain by processing minerals in Indonesia.
The halting of US$3 billion of annual nickel ore and bauxite exports lifted the price of nickel and helped support aluminium, boosting the fortunes of Russia’s United Company Rusal and Norilsk Nickel.
The new alumina plant is expected to have a capacity of 1 million tonnes per year with shipments bound for China, said Manturov, after meeting with new Indonesian President Joko Widodo in Jakarta.
“In Indonesia, they (Vi Holding) will have a project for producing alumina, which will be exported to their industry in China,” said Manturov. “Total investment in China is US$3 billion and specific for Indonesia, their investment will be approximately US$500 million.”
The Indonesian alumina project will use Russian technology and is estimated to be completed within three or four years with annual production of about 1 million tonnes, added Manturov.
Vi Holding’s investment follows on from aluminium giant United Company Rusal, who in February said it wanted to make Indonesia a regional hub for its alumina production.
Russia ranks number 14 among Indonesia’s top import markets, according to Indonesian trade ministry data, with total trade between the two countries worth US$1.3 billion from January to July this year.
Economic partners
Other trade and economic items discussed with Indonesia’s newly inaugurated president included Russian oil exports, Indonesian oil refinery construction, port infrastructure and military equipment sales, Manturov added.
“Our Indonesian partners are interested in participation of their local military industries in joint co-operation and production with Russian partners,” he said. “We are ready to promote and further develop this kind of joint co-operation with Indonesia.”
Indonesia has sharply increased its defence budget since 2010 as the military looks to bolster its capacity to protect shipping lanes, ports and maritime boundaries.
In March last year, defence officials in the Southeast Asian nation said it planned to buy more than a dozen Russian Sukhoi fighter jets as part of a US$15 billion five-year campaign to modernise its military.
Russia’s economy has slowed due to the tumbling oil price and after it faced several rounds of US and EU economic sanctions over its involvement in the Ukraine crisis.
The country is actively looking to build greater economic ties outside of Europe and the United States, and Manturov said he hoped his trip would help strengthen bilateral trade with Indonesia.
Sanctions on Moscow, a weakening rouble and a Russian ban on food imports from a number of Western countries have pushed annual consumer price inflation higher
The weak rouble would lower the cost of production for many industries and benefit local buyers, said Manturov, adding that the sanctions would also help develop Russian technologies.
Restrictions within financial markets had caused difficulties for conducting some financial and monetary activities, he said, but that Russia was looking to develop schemes using local currencies with its partners in Southeast Asia and the Middle East.
The rouble has shed about 20 per cent against the dollar this year, and the immediate catalyst for the breakneck descent is the tumbling price of oil, Russia’s major export. — Reuters
Indonesian alumina plant to get US$500m investment from Russia’s VI Holding | Money | The Malay Mail Online
OCTOBER 21, 2014
JAKARTA, Oct 21 — Russia’s industrial group Vi Holding will invest US$500 million (RM1.6 billion) in an alumina refinery in Indonesia that could be built in the next three to four years, Russian Trade Minister Denis Manturov told Reuters today.
Southeast Asia’s biggest economy introduced a controversial mineral ore export ban in January, aimed at forcing miners to move up the value chain by processing minerals in Indonesia.
The halting of US$3 billion of annual nickel ore and bauxite exports lifted the price of nickel and helped support aluminium, boosting the fortunes of Russia’s United Company Rusal and Norilsk Nickel.
The new alumina plant is expected to have a capacity of 1 million tonnes per year with shipments bound for China, said Manturov, after meeting with new Indonesian President Joko Widodo in Jakarta.
“In Indonesia, they (Vi Holding) will have a project for producing alumina, which will be exported to their industry in China,” said Manturov. “Total investment in China is US$3 billion and specific for Indonesia, their investment will be approximately US$500 million.”
The Indonesian alumina project will use Russian technology and is estimated to be completed within three or four years with annual production of about 1 million tonnes, added Manturov.
Vi Holding’s investment follows on from aluminium giant United Company Rusal, who in February said it wanted to make Indonesia a regional hub for its alumina production.
Russia ranks number 14 among Indonesia’s top import markets, according to Indonesian trade ministry data, with total trade between the two countries worth US$1.3 billion from January to July this year.
Economic partners
Other trade and economic items discussed with Indonesia’s newly inaugurated president included Russian oil exports, Indonesian oil refinery construction, port infrastructure and military equipment sales, Manturov added.
“Our Indonesian partners are interested in participation of their local military industries in joint co-operation and production with Russian partners,” he said. “We are ready to promote and further develop this kind of joint co-operation with Indonesia.”
Indonesia has sharply increased its defence budget since 2010 as the military looks to bolster its capacity to protect shipping lanes, ports and maritime boundaries.
In March last year, defence officials in the Southeast Asian nation said it planned to buy more than a dozen Russian Sukhoi fighter jets as part of a US$15 billion five-year campaign to modernise its military.
Russia’s economy has slowed due to the tumbling oil price and after it faced several rounds of US and EU economic sanctions over its involvement in the Ukraine crisis.
The country is actively looking to build greater economic ties outside of Europe and the United States, and Manturov said he hoped his trip would help strengthen bilateral trade with Indonesia.
Sanctions on Moscow, a weakening rouble and a Russian ban on food imports from a number of Western countries have pushed annual consumer price inflation higher
The weak rouble would lower the cost of production for many industries and benefit local buyers, said Manturov, adding that the sanctions would also help develop Russian technologies.
Restrictions within financial markets had caused difficulties for conducting some financial and monetary activities, he said, but that Russia was looking to develop schemes using local currencies with its partners in Southeast Asia and the Middle East.
The rouble has shed about 20 per cent against the dollar this year, and the immediate catalyst for the breakneck descent is the tumbling price of oil, Russia’s major export. — Reuters
Indonesian alumina plant to get US$500m investment from Russia’s VI Holding | Money | The Malay Mail Online
Reashot Xigwin
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Geothermal energy: Indonesia passes law to tap volcano power
Posted on August 27, 2014 in Renewable Energy
The Indonesian parliament on Tuesday passed a long-awaited law to bolster the geothermal energy industry and tap the power of the vast archipelago’s scores of volcanoes.
Made up of thousands of islands stretching from the Indian to the Pacific Oceans, Indonesia is home to some 130 volcanoes and is estimated to hold around 40 percent of the world’s geothermal potential.
However it produces only a tiny fraction of its energy by converting underground heat into electricity, and lags far behind others such as the United States and the neighbouring Philippines.
Red tape and legal uncertainty have long held back the industry and obstructed much-needed investment, but the government hopes the new law will speed up the development of the sector.
Most importantly, it stipulates that exploration for geothermal energy and development of plants is no longer considered mining.
It was regarded as such previously, which meant the industry faced problems working in Indonesia’s vast tracts of protected forest, where there is much geothermal potential but mining is illegal.
The law also stipulates higher prices for electricity produced by geothermal, following complaints from companies developing plants that tariffs were not enough to cover the high cost of production.
“Indonesia’s need for energy keeps increasing,” lawmaker Nazarudin Kiemas, who headed a parliamentary committee on the new law, was quoted as saying on the legislature’s website.
“There is abundant potential for geothermal energy.”
Outgoing President Susilo Bambang Yudhoyono must sign off on the new law, but that is expected to be a formality.
Indonesia is estimated to have more than 28,000 megawatts of geothermal potential but is currently producing just over 1,300 MW of its electricity from the clean source.
Most of its electricity comes from coal and oil.
High cost has long been one of the major obstacles. A geothermal plant costs about twice as much as a coal-fired power station, and can take many more years in research and development to get online.
But once established, geothermal plants like the one built in Kamojang on the main island of Java in the 1980s can convert the endless supply of volcanic heat into electricity with much lower overheads — and less pollution — than coal.
Yudhoyono has also focused on geothermal as part of his plan to slash greenhouse gas emissions by 26 percent from 2005 levels by 2020.
Indonesia is the world’s third-biggest greenhouse gas emitter due its use of dirty fuels to produce electricity and to rampant deforestation.
Geothermal Energy: Indonesia passes law to tap volcano power
Posted on August 27, 2014 in Renewable Energy
The Indonesian parliament on Tuesday passed a long-awaited law to bolster the geothermal energy industry and tap the power of the vast archipelago’s scores of volcanoes.
However it produces only a tiny fraction of its energy by converting underground heat into electricity, and lags far behind others such as the United States and the neighbouring Philippines.
Red tape and legal uncertainty have long held back the industry and obstructed much-needed investment, but the government hopes the new law will speed up the development of the sector.
Most importantly, it stipulates that exploration for geothermal energy and development of plants is no longer considered mining.
It was regarded as such previously, which meant the industry faced problems working in Indonesia’s vast tracts of protected forest, where there is much geothermal potential but mining is illegal.
The law also stipulates higher prices for electricity produced by geothermal, following complaints from companies developing plants that tariffs were not enough to cover the high cost of production.
“Indonesia’s need for energy keeps increasing,” lawmaker Nazarudin Kiemas, who headed a parliamentary committee on the new law, was quoted as saying on the legislature’s website.
“There is abundant potential for geothermal energy.”
Outgoing President Susilo Bambang Yudhoyono must sign off on the new law, but that is expected to be a formality.
Indonesia is estimated to have more than 28,000 megawatts of geothermal potential but is currently producing just over 1,300 MW of its electricity from the clean source.
Most of its electricity comes from coal and oil.
High cost has long been one of the major obstacles. A geothermal plant costs about twice as much as a coal-fired power station, and can take many more years in research and development to get online.
But once established, geothermal plants like the one built in Kamojang on the main island of Java in the 1980s can convert the endless supply of volcanic heat into electricity with much lower overheads — and less pollution — than coal.
Yudhoyono has also focused on geothermal as part of his plan to slash greenhouse gas emissions by 26 percent from 2005 levels by 2020.
Indonesia is the world’s third-biggest greenhouse gas emitter due its use of dirty fuels to produce electricity and to rampant deforestation.
Geothermal Energy: Indonesia passes law to tap volcano power
Reashot Xigwin
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Jokowi's Cabinet announced,
here is the lineup
Ina Parlina and Hasyim Widhiarto, The Jakarta Post, Jakarta | National | Sun, October 26 2014, 5:44 PM
National News
After taking the oath of office on Oct. 20, Joko "Jokowi" Widodo announced on Sunday his Cabinet lineup after delaying the announcement on Wednesday night, which prompted speculation that he was wrangling with leaders of political parties in his coalition who were insisting on nominating problematic candidates.
Jokowi’s Working Cabinet 2014-2019
1. Coordinating Political, Legal and Security Affairs Minister Tedjo Edhy Purdijatno (former Navy chief of staff 2008-2009/NasDem Party top executive)
2. Coordinating Economic Minister Sofyan Djalil (former state-owned enterprises minister)
3. Coordinating Maritime Affairs Minister Indroyono Susilo (an executive with the Food and Agriculture Organization (FAO)
4. Coordinating Human Development and Culture Minister Puan Maharani (legislator/PDI-P top executive)
5. Home Minister Tjahjo Kumolo (legislator/PDI-P top executive)
6. Foreign Minister Retno Lestari Priansari Marsudi (Indonesian ambassador to the Netherlands)
7. Defense Minister Ryamizard Ryacudu (former Army chief of staff 2002-2004)
8. Law and Human Rights Minister Yasona H. Laoly (legislator/PDI-P politician)
9. Finance Minister Bambang Brodjonegoro (deputy finance minister)
10. Energy and Mineral Resources Minister Sudirman Said (PT Pindad president/former PT Pertamina executive)
11. Industry Minister Saleh Husin (Hanura Party politician)
12. Trade Minister Rahmat Gobel (businessman)
13. Environment and Forestry Minister Siti Nurbaya (NasDem politician/former civil servant)
14. Agriculture Minister Amran Sulaiman (Hasanuddin University lecturer)
15. Agrarian and Spatial Planning Minister Ferry Musyidan Baldan (NasDem Party politician)
16. Transportation Minister Ignasius Jonan (PT Kereta Api Indonesia president)
17. Maritime Affairs and Fisheries Minister Susi Pudjiastuti (owner of airline operator Susi Air)
18. Manpower Minister Hanif Dhakiri (PKB politician)
19. Public Works and Public Housing Minister Basuki Hadimuljono (Public Works Ministry top official)
20. Health Minister Nila Moeloek (Indonesian representatives for MDGs)
21. Culture and Elementary and Secondary Education Minister Anies Baswedan (Paramadina University rector).
22. Social Affairs Minister Khofifah Indra Parawansa (former women’s empowerment minister).
23. Religious Affairs Minister Lukman Hakim Saifuddin (current religious affairs minister)
24. Communications and Information Minister Rudiantara (PT Indosat commissioner, former top executives for PT Semen Indonesia, PT PLN, PT XL Axiata)
25. State Secretary Pratikno (Gadjah Mada University rector)
26. Research and Technology and Higher Education Minister M. Nasir (Diponegoro University rector)
27. Women’s Empowerment and Child Protection Minister Yohana Susana Yembise (Cendrawasih University lecturer)
28. Administrative and Bureaucratic Reform Minister Yuddy Chrisnandi (Hanura Party politician)
29. Villages, Disadvantaged Regions and Transmigration Minister Marwan Jafar (PKB politician)
30. National Development Planning Minister/National Development Planning Board (Bappenas) chief Andrinof Chaniago (University of Indonesia lecturer)
31. State-Owned Enterprises Minister Rini Soemarno (former trade minister 2001-2004/former PT Astra International president)
32. Cooperatives and Small and Medium Enterprises Minister AAGN Puspayoga (PDI-P politician)
33. Tourism Minister Arief Yahya (PT Telekomunikasi Indonesia president director)
34. Youth and Sports Minister Imam Nahrawi (PKB politician)
Jokowi's Cabinet announced, here is the lineup | The Jakarta Post
here is the lineup
Ina Parlina and Hasyim Widhiarto, The Jakarta Post, Jakarta | National | Sun, October 26 2014, 5:44 PM
National News
After taking the oath of office on Oct. 20, Joko "Jokowi" Widodo announced on Sunday his Cabinet lineup after delaying the announcement on Wednesday night, which prompted speculation that he was wrangling with leaders of political parties in his coalition who were insisting on nominating problematic candidates.
Jokowi’s Working Cabinet 2014-2019
1. Coordinating Political, Legal and Security Affairs Minister Tedjo Edhy Purdijatno (former Navy chief of staff 2008-2009/NasDem Party top executive)
2. Coordinating Economic Minister Sofyan Djalil (former state-owned enterprises minister)
3. Coordinating Maritime Affairs Minister Indroyono Susilo (an executive with the Food and Agriculture Organization (FAO)
4. Coordinating Human Development and Culture Minister Puan Maharani (legislator/PDI-P top executive)
5. Home Minister Tjahjo Kumolo (legislator/PDI-P top executive)
6. Foreign Minister Retno Lestari Priansari Marsudi (Indonesian ambassador to the Netherlands)
7. Defense Minister Ryamizard Ryacudu (former Army chief of staff 2002-2004)
8. Law and Human Rights Minister Yasona H. Laoly (legislator/PDI-P politician)
9. Finance Minister Bambang Brodjonegoro (deputy finance minister)
10. Energy and Mineral Resources Minister Sudirman Said (PT Pindad president/former PT Pertamina executive)
11. Industry Minister Saleh Husin (Hanura Party politician)
12. Trade Minister Rahmat Gobel (businessman)
13. Environment and Forestry Minister Siti Nurbaya (NasDem politician/former civil servant)
14. Agriculture Minister Amran Sulaiman (Hasanuddin University lecturer)
15. Agrarian and Spatial Planning Minister Ferry Musyidan Baldan (NasDem Party politician)
16. Transportation Minister Ignasius Jonan (PT Kereta Api Indonesia president)
17. Maritime Affairs and Fisheries Minister Susi Pudjiastuti (owner of airline operator Susi Air)
18. Manpower Minister Hanif Dhakiri (PKB politician)
19. Public Works and Public Housing Minister Basuki Hadimuljono (Public Works Ministry top official)
20. Health Minister Nila Moeloek (Indonesian representatives for MDGs)
21. Culture and Elementary and Secondary Education Minister Anies Baswedan (Paramadina University rector).
22. Social Affairs Minister Khofifah Indra Parawansa (former women’s empowerment minister).
23. Religious Affairs Minister Lukman Hakim Saifuddin (current religious affairs minister)
24. Communications and Information Minister Rudiantara (PT Indosat commissioner, former top executives for PT Semen Indonesia, PT PLN, PT XL Axiata)
25. State Secretary Pratikno (Gadjah Mada University rector)
26. Research and Technology and Higher Education Minister M. Nasir (Diponegoro University rector)
27. Women’s Empowerment and Child Protection Minister Yohana Susana Yembise (Cendrawasih University lecturer)
28. Administrative and Bureaucratic Reform Minister Yuddy Chrisnandi (Hanura Party politician)
29. Villages, Disadvantaged Regions and Transmigration Minister Marwan Jafar (PKB politician)
30. National Development Planning Minister/National Development Planning Board (Bappenas) chief Andrinof Chaniago (University of Indonesia lecturer)
31. State-Owned Enterprises Minister Rini Soemarno (former trade minister 2001-2004/former PT Astra International president)
32. Cooperatives and Small and Medium Enterprises Minister AAGN Puspayoga (PDI-P politician)
33. Tourism Minister Arief Yahya (PT Telekomunikasi Indonesia president director)
34. Youth and Sports Minister Imam Nahrawi (PKB politician)
Jokowi's Cabinet announced, here is the lineup | The Jakarta Post
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