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Indonesia Economy Forum

there is start for recreation van sector in Indonesia, the advance of infrastructure let people to mobilize more freely and doing stuff they can't before

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Pekerja menyelesaikan modifikasi mobil campervan di Bengkel Impro Campervan, Depok, Jawa Barat, Sabtu (31/10/2020). Pemilik bengkel mengatakan biaya modifikasi mobil campervan sebesar Rp.50 juta hingga Rp.200 juta tersebut mengalami peningkat permintaan sekitar 70 persen dari komunitas mobil campervan. ANTARA FOTO/Asprilla Dwi Adha/hp.
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Pekerja menyelesaikan modifikasi mobil campervan di Bengkel Impro Campervan, Depok, Jawa Barat, Sabtu (31/10/2020). Pemilik bengkel mengatakan biaya modifikasi mobil campervan sebesar Rp.50 juta hingga Rp.200 juta tersebut mengalami peningkat permintaan sekitar 70 persen dari komunitas mobil campervan. ANTARA FOTO/Asprilla Dwi Adha/hp.
 
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US extends GSP status for Indonesia
Foreign Minister Retno LP Marsudi announced on Sunday that Indonesia has retained its status as a beneficiary of the United States’ Generalized System of Preferences (GSP) following the recent visit of United States Secretary of State Mike Pompeo to Jakarta.

Jakarta wins global 2021 Sustainable Transport Award for integrated public transportation
Indonesia’s capital city Jakarta has come out as the winner of the global 2021 Sustainable Transport Award (STA) for its ambitious integrated public transportation programs. Indonesia is the first-ever Southeast Asian country to have received the prestigious award.

MRT

LRT

Busway
 
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US extends GSP status for Indonesia
Foreign Minister Retno LP Marsudi announced on Sunday that Indonesia has retained its status as a beneficiary of the United States’ Generalized System of Preferences (GSP) following the recent visit of United States Secretary of State Mike Pompeo to Jakarta.
Nice, good diplomacy from our govn. :enjoy:
 
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Indosat and Huawei to Build Asia Pacific's First SRv6
1st Nov 2020 22:27
Indosat and Huawei to Build Asia Pacific's First SRv6


Jakarta (ANTARA) -
The Jakarta-based mobile operator Indosat Ooredoo and the Indonesian branch of Chinese multinational tech giant Huawei has planned to build the Asia Pacific's first SRv6-Based 5G-Ready transport network in some key areas in Indonesia, including Greater Jakarta, East Java, and Bali.

The advanced technology - SRv6 along with Indosat Ooredoo wide fiber optic network expansions, according to Indosat Ooredoo, will enable faster cloud computing data connectivity as the company has sought to serve smartphone users and other digital communities in "much automated way," it highlighted.

In achieving the goal, Indosat Ooredoo has partnered up with Huawei Indonesia to build a state-of-the-art, programmable, 5G-ready transport network powered by Segment routing IPv6 (SRv6), as the tech company will provide the network infrastructure.

"We are excited to partner with Huawei to build Next-Generation Programmable Network Infrastructure by delivering Asia Pacific's first SRv6-based 5G-ready transport network. With this we hope we can bring more value and enhance our customers experience for digital services, especially for latency sensitive and real time applications," Chief Technology and Information Officer of Indosat Ooredoo, Medhat Elhusseiny, said in a statement.

Digital and transport network transformation is one of the key to prepare for the future of network services in Indonesia, said Indosat Ooredoo in a statement.

Therefore, Indosat Ooredoo, one of the largest mobile operator in Indonesia, has decided to deploy SRv6 IP Solution designed by Huawei.

"After an in-depth analysis of the existing network and long term goals, Indosat Ooredoo chooses to deploy SRv6 IP Solution, while Huawei Indonesia provides the SRv6 intelligent routing function which allows for deterministic paths and committed latency," the company said.

In a similar statement, CEO of Huawei Indonesia Carrier Business Andy Ma applauded the partnership and he said that the company's 5G technology has been widely used in "multiple leading operators around the world".

"Huawei Indonesia is especially honored to be able to support Indosat Ooredoo to build 5G-oriented, intelligent SRv6-based IP transport network. Huawei has launch the industry's first committed SLA IP solution to provide premium transmission services for a wide variety of vertical industries in the 5G era," Andy Ma reiterated.
Reporter: Genta Tenri Mawangi
Editor: Gusti Nur Cahya Aryani

 
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there is start for recreation van sector in Indonesia, the advance of infrastructure let people to mobilize more freely and doing stuff they can't before

No it has nothing to do with infrastructure. The increase demand is most likely due to the vendor is now able to promote / introduce his products / services more easily & cheaper than before thus getting marketing exposure. Back in early 2000 my parent even intent to open this kind of auto modification (campervan) but decline due to the lack of market demand and difficulty of promotion (expensive)

Also keep in mind infrastructures condition in Indonesia colonies (anywhere outside Jabodetabek) is pretty sad (availability, capacity, and reliability). However if you prefer to living in late 20 century than I would say the infrastructures is in fantastic state, unfortunately this is the early-mid 21st century

Indosat and Huawei to Build Asia Pacific's First SRv6

This news actually has nothing to do with building 5G network, its merely "framed" as such. SRv6 is merely packet routing scheme. I extremly doubt there will be any wide implementation of 5G network within the next decade, even that it will most likely 5G NSA rather than 5G SA \

Its already difficult enough to get any reliable LTE signal where I live (downtown Surabaya at 12th floor) to the point I set all my phones only to use UMTS network (3G) which is still sufficient for current need at 10Mbps downstream & 1Mbps upstream with latency around 100ms
 
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Bold and consistent move by Jokowi


Jokowi signs Job Creation Law, making it effective amid nationwide protests

Budi Sutrisno

The Jakarta Post Jakarta / Tue, November 3, 2020 / 12:15 pm

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President Joko “Jokowi” Widodo has signed the Job Creation Law, allowing it to enter into force nearly a month after it was passed by the House of Representatives and after a series of nationwide protests.

The President signed Law No. 11/2020 on Job Creation on Monday, a draft of which has been uploaded on the State Secretariat website, jdih.setneg.go.id.

The law consists of 1,187 pages, as recently confirmed by State Secretary Pratikno, following public confusions about multiple versions of the law circulating in public.



@Beast :bunny:
 
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Number of Active Coronavirus Cases in Steady Decline

BY :HERU ANDRIYANTO NOVEMBER 03, 2020
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A medical worker takes a shower inside the disinfectant chamber after treating Covid-19 patients at the Gambir Public Health Center in Central Jakarta on Oct. 15, 2020. (Beritasatu Photo/Joanito De Saojoao)​

Jakarta. The total number of active coronavirus cases has been declining significantly by more than 10,000 cases in the last three weeks amid a downturn in newly cases.

Indonesia has a total of 54,732 active cases as of Tuesday, representing just 13.1 percent of all confirmed cases recorded since the outbreak began, according to the latest Health Ministry data.

The country of 272 million people added 2,973 new cases for a total of 418,375. It’s for the third day in a row that the nationwide daily total has fallen below 3,000 cases.

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An additional 102 Covid patients have died in the last 24 hours, bringing the total death toll to 14,146 or 3.4 percent of the confirmed cases.

The one-day number of recoveries beat new cases for the sixth day in a row, with another 3,931 to take the total number of recovered patients to nearly 349,500.

West Java on Top
West Java has surpassed Jakarta as the province with the most active cases, totaling 9,613 or around 36 percent of 37,408 confirmed cases overall.

Jakarta has a total of 8,739 active cases of the virus, but the figure represents a tiny 8 percent of the city’s 107,846 confirmed cases since the outbreak.

A slower growth of newly cases in several provinces hit badly by the virus much earlier means that they now have fewer active cases than emerging hotspots.

East Java, second only to Jakarta with a total of 53,274 confirmed coronavirus cases, currently has only 2,194 active cases or 4.1 percent, fewer than that of Papua (4,205 active cases), Central Java (4,064), West Sumatra (3,724), Riau (2,763) and East Kalimantan (2,229).
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South Kalimantan is ranked tenth in terms of confirmed cases, but it has managed to nearly flatten the curve in more than a month with just 494 active cases from a total of 11,909 confirmed cases. In comparison, Jambi has 565 active cases from just 1,237 confirmed cases overall.

Downturn
The surge is slowing in most of worst-affected provinces, including Jakarta that reported 617 new cases -- down sharply from 1,024 a day earlier.

West Sumatra, which moved one place higher to sixth yesterday, added just 73 cases for a total of 15,013. It’s the province’s smallest daily number in almost two months and the first time it recorded a two-digit daily rise since Oct. 6.

The daily number is also fewer than 80 in other hotspots like North Sumatra, Bali, Banten and Papua. Meanwhile, South Sulawesi registered just 27 new cases, Aceh reported 25 more cases and South Kalimantan added just 16 cases.

Daily numbers returned to three digits in East Kalimantan, which recorded 152 cases for a total of 14,497, and Riau that registered 106 new cases to take its total to 14,947. Both reported just 86 and 11 cases, respectively, in the previous day.

Newly cases are moving flat in East Java with 272 new cases -- the province has never reported fewer than 200 cases a day since three months ago.

But new infections are still trending up in Central and West Java, which added 453 and 484 new cases, respectively.

East Java is leading the nationwide death toll with a total of 3,818 Covid deaths, followed by Jakarta (2,298), Central Java (1,789), West Java (737) and North Sumatra (546).
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601,637 houses constructed under One Million Houses Program: ministry
3rd Nov 2020 13:33
601,637 houses constructed under One Million Houses Program: ministry


Jakarta (ANTARA) - The Ministry of Public Works and Public Housing (PUPR) confirmed that 601,637 houses were built until the end of October 2020 as part of the implementation of the One Million Houses Program.

"We remain optimistic that the One Million Houses Program will be implemented optimally despite the ongoing COVID-19 pandemic. Until the third quarter of 2020, precisely on October 31, 2020, under the One Million Houses Program, a total of 601,637 houses were built," the ministry's Director General of Housing Khalawi, Abdul Hamid, stated here on Tuesday

The availability of habitable houses in future is deemed crucial in order to maintain public health and to conduct various activities, including studying, starting businesses, and praying at home, Hamid affirmed.

The government will continually strive to maintain public health by offering decent housing to residents, he emphasized.

In fact, the housing program is viewed as being one of the key drivers to facilitate national economic recovery.

To support the One Million Houses Program, several hundred industries are ready to supply the materials required for those housing construction projects.

Hundreds of thousands of people will additionally be absorbed as workers, and MSMEs will be empowered to support economic improvement for the community, he remarked.

"We also continue to coordinate with local governments and those engaged in development projects, such as developer associations, banks, the private sector, and the public to support the One Million Houses Program," he affirmed.

Based on the Directorate General of Housing data, the 601,637 houses comprise 434,828 low-income community houses (MBR) and 166,809 non-MBR houses.

Of the total MBR houses, those using the Ministry's self-reliance funds reached 77,812 units, while 393 units under the Special Allocation Funds (DAK).

In addition, 50,836 houses were constructed by other ministries or agencies, 28,862 houses by local governments, 273,724 by housing developers, 3,134 by CSR, and 40 units by the community.

As for the construction of non-MBR houses, 85,764 units were built by property developers, 39,100 by apartment developers, and 41,945 houses by the public. Related news: House of Representatives supportive of wage subsidy policy
Related news: Rp2 trillion Japanese investment to support Indonesia`s one-million house program




Translated by: M Razi R, Fardah
Editor: Rahmad Nasution

 
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Breaking: Indonesia enters first recession since 1998 on 3.49% Q3 contraction

Adrian Wail Akhlas

The Jakarta Post Jakarta / Thu, November 5, 2020 / 12:33 pm

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Statistics Indonesia (BPS) has announced on Nov. 5, 2020 that the national economy had descended into a recession in the third quarter, when it booked a contraction of 3.49 percent on an annual basis, following a second-quarter contraction of 5.32 percent. (TJP/File)

Indonesia has officially entered its first recession since the 1998 Asian financial crisis as its economy contracts again in the third quarter, albeit at a slower pace, as the government has allowed more economic activities to resume after easing coronavirus restrictions.

Southeast Asia’s largest economy shrank 3.49 percent on an annual basis in the third quarter, as almost all gross domestic product (GDP) components fell amid the persistent rise in COVID-19 cases, Statistics Indonesia (BPS) announced on Thursday.

The figure is worse than the 3 percent contraction forecast by a Reuters poll of analysts, as well as President Joko “Jokowi” Widodo’s expectation, but is still narrower than the second-quarter contraction of 5.32 percent. An economy enters a recession if it records negative growth for two consecutive quarters.

According to the BPS, the Indonesian economy rebounded 5.05 percent quarter-on-quarter (qoq) in the period from July to September, in a reversal from the 4.19 percent qoq contraction it recorded in the second quarter. “Although the economy continued to contract, there was significant improvement in economic activity compared to the second quarter,” BPS head Suhariyanto told reporters in a virtual briefing. “We are hoping that economic activity will further improve in the fourth quarter with loosening social restrictions.”

As regions began to gradually lift the large-scale social restrictions (PSBB) and cities began reopening in June, economic activities started stirring again in the third quarter. However, economic activities did not reach pre-coronavirus levels, as the continuing rise in COVID-19 cases held up recovery. Jakarta even reinstated the “full” PSBB in September as the rise in daily cases strained its health system, before scaling it back down to the transitional PSBB in October.

The Jakarta Composite Index (JCI) soared 1.85 percent to 5,199.69 as of 11:51 a.m. Western Indonesia Time following the BPS’ announcement, while the rupiah appreciated 0.89 percent against the United States dollar to Rp 14,435. BPS data shows that household spending, which contributes more than 50 percent of GDP, fell 4.04 percent – slower than the 5.52 percent contraction booked in the second quarter – led by a spending slump in transportation, restaurants and hotels.

However, consumer spending in healthcare and education increased in the period from July to September. Meanwhile, investment shrank 6.48 percent – smaller than the 8.61 percent contraction in April-June – as businesses cut back sharply on their investment in machinery and other products. Exports and imports respectively plunged 10.82 percent and 21.86 percent, reflecting the downturn in global trade and domestic demand due to the economic fallout from the coronavirus pandemic.

However, government expenditure jumped 9.76 percent in the third quarter to recoup from the second-quarter contraction of 6.9 percent, driven by higher social and capital spending in efforts to fight the impacts of the pandemic. The government has earmarked Rp 695.2 trillion (US$47 billion) for a stimulus package to revive the economy, which is forecast to shrink between 0.6 percent and 1.7 percent this year.

 
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Green energy target: A worker inspects solar panels on top of the Energy and Mineral Resources Ministry Electricity Directorate General’s office, in Jakarta, in this file photo. (JP/Dhoni Setiawan)

 
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Indonesia finance minister, Sri Mulyani, explained about the positive momentum we have to recover from the recession. Unfortunately only Indonesian and Malaysian members will understand the explanation.

 
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Indonesia’s forex reserves decline to $133.7 billion in October

Adrian Wail Akhlas
The Jakarta Post


Jakarta / Fri, November 6, 2020 / 03:37 pm

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One-hundred US dollar bills are seen in this photo illustration. (AFP/Getty Images/Brendan Smialowski)

Indonesia’s foreign exchange (forex) reserves declined by US$1.5 billion in October to $133.7 billion due to the government’s foreign debt payments, Bank Indonesia (BI) announced on Friday.

The current reserves level was estimated to be enough to cover 9.3 months of imports and payments of the government’s debts, the central bank said. “Bank Indonesia is of the view that the foreign exchange reserves are adequate, supported by stability and a positive outlook for the economy, in line with various policy responses to push for economic recovery,” the central bank said in a statement.

The government faces the formidable task of borrowing more than Rp 1 quadrillion ($70.12 billion) to cover the budget deficit of 6.34 percent this year as it rolls out a stimulus package intended to rescue an economy that is reeling from the pandemic. Indonesia’s external debt, which includes government and private sector borrowings, was recorded at $413.4 billion in August, up 5.7 percent year-on-year, central bank data show.

Overall public sector debt, which includes borrowing from the government and the central bank, reached $203 billion in August. The central bank deemed the overall external debt level to be healthy, with the foreign-debt-to-GDP ratio recorded at 38.5 percent at the end of September, up from 38.2 percent in the previous month. Long-term loans account for 89 percent of the current outstanding debt.

 
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First ever vaccine listed under WHO emergency use
www.who.int

First ever vaccine listed under WHO emergency use

www.who.int
www.who.int

WHO today listed the nOPV2 vaccine (Bio Farma, Indonesia) for emergency use to address the rising cases of a vaccine-derived polio strain in a number of African and East Mediterranean countries. Countries in WHO’s Western Pacific and South-East Asia regions are also affected by these outbreaks. The emergency use listing, or EUL, is the first of its kind for a vaccine and paves the way for potential listing of COVID-19 vaccines.

The world has made incredible progress toward polio eradication, reducing polio cases by 99.9% in the last 30 years. But the last steps to ending this disease are proving the most difficult, particularly with continuing outbreaks of circulating vaccine-derived polio viruses (cVDPVs).

cVDPVs are rare and occur if the weakened strain of the poliovirus contained in the oral polio vaccine (OPV) circulates among under-immunized populations for a long time. If not enough children are immunized against polio, the weakened virus can pass between individuals and over time genetically revert to a form that can cause paralysis. Type 2 cVDPVs are currently the most prevalent form of the vaccine-derived virus.

The EUL procedure and how it could help to speed up access to a future COVID-19 vaccine

The EUL procedure assesses the suitability of yet to be licensed health products during public health emergencies, such as polio and COVID. The objective is to make these medicines, vaccines and diagnostics available faster to address the emergency. The assessment essentially weighs the threat posed by the emergency against the benefit that would accrue from the use of the product based on a robust body of evidence.

The procedure was introduced during the West Africa Ebola outbreak of 2014-2016, when multiple Ebola diagnostics received emergency use listing; since then, numerous COVID-19 diagnostics have also been listed. The nOPV2 is the first such listing for a vaccine.

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EV Battery Giant CATL to Invest $5.1b for a Factory in Indonesia

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Jakarta. Contemporary Amperex Technology, or CATL, a battery manufacturer from China, has decided to invest $5.1 billion to build a manufacturing plant for electric vehicle batteries in Indonesia, the country's top investment official said on Monday.

The Head of Investment Coordinating Board Bahlil Lahadahlia said the company has recently signed the investment agreement and would break ground for the plant in 2021.

"The investment is about $5.1 billion. We signed the agreement when we were in China recently. The groundbreaking will commence in 2021," Bahlil said.

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CATL booked $6.8 billion in sales worldwide, making it one of the world's largest electric car batteries makers. The company supplies batteries to carmakers like Hyundai, Honda, BMW, Tesla, Toyota, Volkswagen, and Volvo.

Two years ago, CATL teamed up with Chinese stainless-steel maker Tsingshan Holding, Chinese battery firm GEM, Japanese trading firm Henwa and Indonesian industrial complex company Indonesia Morowali Industrial Park, a $700 million project to make battery-grade nickel chemicals in Morowali, Central Sulawesi.


Telkom Sinks $150m in Gojek to Expand in Digital Economy

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Jakarta. State-controlled Telekomunikasi Indonesia, or Telkom, the country's largest telecommunication operator, has decided to invest $150 million in Aplikasi Karya Anak Bangsa, the local company behind popular mobile app Gojek, which provides ride-hailing, food delivery, and digital payment services.

The deal cemented the collaboration of two companies with arguably the largest customer base in Indonesia in their respective fields.

Andi Setiawan, Telkom's vice president for investor relations, said in a statement on Tuesday that the company's cellular operator unit Telekomunikasi Selular Indonesia (Telkomsel), signed an agreement for the investment Gojek on Monday.

GIC-backed SpaceDC opens new data center in Indonesia
datacenternews.asia

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SpaceDC recently celebrated the launch of its Indonesia data center, JAK2, which opens up a new connection gateway to the country and the wider Southeast Asia region.

The data center, located in Jakarta, delivers 1.45 megawatts of power to local and global companies in the region - a region that is going through a major connectivity boom.

SpaceDC CEO Darren Hawkins, it is also home to Southeast Asia’s largest digital economy.

“It made sense for us to open our first facility in this market. With the connectivity afforded by this facility, local and global brands will now have access to a world-class data centre facility to connect to the SEA region – a region whose Internet economy has been valued at over US$100 billion, and is expected to swell to US$300 billion by 2025,” says Hawkins.

Global data center authority The Uptime Institute has certified JAK2 as a Tier III facility, and the data center has also been built to the highest global standards.

JAK2 guarantees 99.982% availability and is supported by onsite power generators and transformers, as well as an N+N backup system.

Furthermore, the data center is kept secure with the help of onsite security teams, as well as biometric and keycard access control.

SpaceDC takes green design seriously, which is why JAK2 is built with smart green features, including a green energy generator, and thermal wall technology for better cooling.

The company also installed a selective catalytic reduction (SCR) unit, which lowers carbon emissions from power generation. This reduces installation costs, facility downtime, and disruption time. All these features allow for power usage effectiveness (PUE) of 1.3, ensuring that business-critical data is always secure and accessible.

SpaceDC says these green efforts are in line with Indonesia’s efforts to reduce carbon emissions.

JAK2 also houses dedicated staging and storage rooms, as well as office spaces and meeting rooms.

The data center also caters for organisations that wish to set up and manage their operations remotely. JAK2 offers a ‘Smart Hands’ service, with skilled onsite technicians that are available 24/7 to provide support to customers, including managing deliveries and installations, performing compliance, updating software and equipment audits.

In addition to the launch of JAK2, SpaceDC has started building another data center, JAK1, which is designed to be a 24MW Tier III facility that will feature a larger campus with higher performance capabilities for customers looking to grow their IT infrastructure. JAK1 will be launched in 2021.
 
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EV Battery Giant CATL to Invest $5.1b for a Factory in Indonesia

https___s3-ap-northeast-1.amazonaws.com_psh-ex-ftnikkei-3937bb4_images_4_3_6_4_28174634-4-eng-GB_Cropped-1594366807AP_20157324950839-min-850x491.jpg

Jakarta. Contemporary Amperex Technology, or CATL, a battery manufacturer from China, has decided to invest $5.1 billion to build a manufacturing plant for electric vehicle batteries in Indonesia, the country's top investment official said on Monday.

The Head of Investment Coordinating Board Bahlil Lahadahlia said the company has recently signed the investment agreement and would break ground for the plant in 2021.

"The investment is about $5.1 billion. We signed the agreement when we were in China recently. The groundbreaking will commence in 2021," Bahlil said.

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CATL booked $6.8 billion in sales worldwide, making it one of the world's largest electric car batteries makers. The company supplies batteries to carmakers like Hyundai, Honda, BMW, Tesla, Toyota, Volkswagen, and Volvo.

Two years ago, CATL teamed up with Chinese stainless-steel maker Tsingshan Holding, Chinese battery firm GEM, Japanese trading firm Henwa and Indonesian industrial complex company Indonesia Morowali Industrial Park, a $700 million project to make battery-grade nickel chemicals in Morowali, Central Sulawesi.

Alhamdulillah, it is a good news for Indonesia.
 
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