Indonesia Economy Forum

[Bungaterakhir]

Amazon to invest USD 2.5 billion to build three data centres in West Java

Ridwan Kamil: Amazon Investasi Rp 40 T di RI

Amazon ternyata sudah berinvestasi Rp US$29,79 juta di Indonesia atau setara Rp 417,06 miliar. Investasi tersebut untuk Amazon Data Service Indonesia.

www.cnbcindonesia.com

Google Invests In Indonesian E-Commerce Unicorn, Joins Singapore Government, SoftBank, Alibaba

Google Invests In Indonesian E-Commerce Unicorn, Joins Singapore Government, SoftBank, Alibaba

www.wallstreetreporter.com

Indonesia posts biggest trade surplus in nearly 10 years in Oct

Indonesia posts biggest trade surplus in nearly 10 years in Oct

Indonesia reported its biggest trade surplus in nearly a decade in October, larger than expected, as imports plunged, statistics bureau data showed on Monday.

www.nasdaq.com

Hyundai to produce electric cars in West Java by 2022

Hyundai to produce electric cars in West Java by 2022

Carmaker Hyundai Motor Asia-Pacific is planning to start manufacturing electric cars in West Java by 2022, as Indonesia plans to produce batteries for electric vehicles (EVs), the company’s vice president announced on Monday.

www.thejakartapost.com

China's Nanjing Iron & Steel to invest in coke project in Indonesia

China's Nanjing Iron & Steel to invest in coke project in Indonesia

The plant will have capacity for 2.6mln tonnes a year

www.zawya.com

South Korea LG CHEM, Indonesia to ink pact to make electric car batteries

South Korea, Indonesia to ink pact to make electric car batteries

South Korea’s LG Chem Ltd is expected to sign a cooperation agreement with Indonesia this week for developing lithium batteries for electric cars, said ...

en.antaranews.com

Indonesia companies sign $1 billion deal with Australia healthcare providers

Indonesia companies sign $1 billion deal with Australia healthcare providers

Indonesian companies have signed a $1 billion agreement with Australian healthcare providers Docta and Aspen Medical to build hospitals and clinics in the Southeast Asian country's most populous province of West Java, officials said on Monday.

mobile.reuters.com

The government continues the development of the state border in West Kalimantan

The government continues the development of the state border in West Kalimantan | IDNFinancials

The Ministry of Public Works and Public Housing (PUPR) continues the development of the state border area in West Kalimantan, with a budget of IDR 458 billion.

www.idnfinancials.com

JAKARTA. The Ministry of Public Works and Public Housing (PUPR) continues the development of the state border area in West Kalimantan, with a budget of IDR 458 billion.

Basuki Hadimuljono, Minister of PUPR, said that the project is part of the government's efforts to create economic equality for the 3T (Frontier, Outer, and Disadvantaged) areas. Through this project, the government is also building an Integrated Cross Border Post (PLBN) in Sambas Regency, West Kalimantan.

"The construction of the PLBN is not only to create an entry gate, but also an embryo of a regional economic growth centre that can improve the welfare of people living at the border," Basuki said in a press release today.

For the record, as much as IDR 131 billion of the budget has been allocated for the construction of PLBN Aruk in 2017. (KR/AR)

Local Market

Housing

 

[Bungaterakhir]

#ASEAN Countries world rank of #Legatum #prosperity #index 2020 :

#15. #Singapore
#40. #Malaysia
#.57. #INDONESIA
#64. #Thailand
#73 #Vietnam
#83 #Philippines
#113 #Laos
#118 #Cambodia
#127 #Myanmar

The Legatum Prosperity Index rankings are based on a variety of factors including wealth, economic growth, quality of life, health, education, and personal well-being.

The index is based on an analysis of 167 countries around the world across 104 different variables. The most prosperous countries in the world have high levels of freedom, safety and security, education, and health. These countries also have healthy natural environments and conditions that allow for economic prosperity such as protection of investments, favorable business regulations, and market infrastructure.

As you would expect, Scandinavian countries are the most prosperous with Denmark taking top spot ahead of Norway, Switzerland, Sweden, Finland and the Netherlands.

New Zealand, Germany, Luxembourg, and Iceland complete the top 10.

Source : https://www.prosperity.com/rankings

 

[Indos]

4.300 hectare land own by state owned PT Perkebunan Nusantara 9 in Batang, Central java, will be prepared for industrial zone and residential. For industrial zone, the land there will be leased for any investor wanting to build manufacturing plant, so that it can ease the investment cost and in the same time will keep the land in the hand of the company (government asset) that will develop the land. There will be residential areas being developed and I hope it should be in the form of apartment to save many land there for industrialization.

The first stage is to build 700 hectare industrial zone. There are already seven foreign companies ready to build factory there. The development has already been started.

 

[Bungaterakhir]

Makassar 1st motorway - south sulawesi
will be inaugurated this month.

New Tampa Padang Airport - Mamuju, West Sulawesi Province. Indonesia

Old

New















Progress of Phase I

 

[Bungaterakhir]

Testcom (testing and commissioning) New OCC (Operation Control Centre) for Manggarai station by PT.LEN.

In indonesia railway industry. apart from OCC or the Operations Control Center, Len Industri also supplies outdoor signaling products such as SiLSafe (Interlocking System), SiLTrack (Trackside Signaling), SiLMove (Train Control System), and SiLVue (Control Center System).

 

[Indos]

Indonesia posts first current account surplus since 2011 in Q3
By Reuters Staff
1 Min Read

(Corrects paragraph 1 milestone to third quarter, not fourth)

JAKARTA, Nov 20 (Reuters) - Indonesia recorded a $1 billion current account surplus in the July-September period, its first surplus since the third quarter of 2011, as movement curbs to control the coronavirus pandemic suppressed imports, Bank Indonesia said on Friday.

The third-quarter current account surplus was equal to 0.4% of gross domestic product (GDP), and followed a deficit of 1.2% of GDP in the previous three months, the central bank said in a statement.

Southeast Asia’s largest economy also recorded a surplus in its capital and financial accounts in the third quarter, bringing the balance of payments to a $2.1 billion surplus. The balance of payments’ surplus in April-June was $9.2 billion. (Reporting by Tabita Diela; Editing by Muralikumar Anantharaman)

CORRECTED-Indonesia posts first current account surplus since 2011 in Q3

Indonesia recorded a $1 billion current account surplus in the July-September period, its first surplus since the third quarter of 2011, as movement curbs to control the coronavirus pandemic suppressed imports, Bank Indonesia said on Friday.

www.reuters.com

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The negative current account balance since 2012 has made Indonesian nominal GDP doesnt improve much despite made sufficient growth in the last decade . Negative current account leads to Rupiah weakening. We can see Indonesian nominal GDP has reached 917 billion USD in 2012, but only can add around 100 billion USD for the next 8 years (2020)

It is contrast with PPP calculation which can increase from 2.4 trillion USD in 2012 into 4 trillion USD in 2020 which is around 1.54 trillion USD increase for 8 years time frame.

 

[Bungaterakhir]

Starting today (22/11) the new Senen bus stop (corridor 2) to serve Transjakarta passengers.

In addition, the JPO (skybridge) that connects this bus stop with the Senen Sentral stop (corridor 5), the sidewalk on the south side (ex-Cinema), and the north side (Pasar Senen) can also be used. Passenger transit starts today using the JPO. Thus, the Pulogadung-Harmoni route via Budi Utomo is no longer available.

 

[Indos]

 

[Logam42]

"Including Construction"

Ah.... that explains a lot

Overall, it shows how Indonesia is mostly middling industrial power

 

[Nike]

"Including Construction"

Ah.... that explains a lot

Overall, it shows how Indonesia is mostly middling industrial power

Just look at Saudi, their is mainly work at oil industry and supporting industry. There is little to manufacturing sector in Saudi, sure it is had big value added but compared to manufacturing...

 

[Logam42]

Just look at Saudi, their is mainly work at oil industry and supporting industry. There is little to manufacturing sector in Saudi, sure it is had big value added but compared to manufacturing...

Oil industry use is more for energy security and government income.

It is no where as useful as manufacturing in terms of employment. It was actually part of my masters (S2) course. Oil is 9% of nigeria's gdp. 50-75% of government revenues, 80% of exports... and employs only 0.03% of the worforce directly. 0.03% only about 20 thousand from tens of millions.
https://allafrica.com/stories/202004070116.html

We all know from timor leste that oil revenue is really hard to disttibute equally, and to be fair those 20 ghousand workers in negeria probably indirectly provide employment for many others (food hawker, maid, ect), but thd raw statistics really exposes the weaknesses of just relying on oil.

Hence why the omnibus law in crucial. Only 2% of FDI in 2018 went into workforce intensive manufacturing (though 30% went into manufacturing, grand majority was into capital intensive).

 

[Nike]

Oil industry use is more for energy security and government income.

It is no where as useful as manufacturing in terms of employment. It was actually part of my masters (S2) course. Oil is 9% of nigeria's gdp. 50-75% of government revenues, 80% of exports... and employs only 0.03% of the worforce directly. 0.03% only about 20 thousand from tens of millions.
https://allafrica.com/stories/202004070116.html

We all know from timor leste that oil revenue is really hard to disttibute equally, and to be fair those 20 ghousand workers in negeria probably indirectly provide employment for many others (food hawker, maid, ect), but thd raw statistics really exposes the weaknesses of just relying on oil.

Hence why the omnibus law in crucial. Only 2% of FDI in 2018 went into workforce intensive manufacturing (though 30% went into manufacturing, grand majority was into capital intensive).

Indonesia need to formulate and mix many other countries experiences and do homework about our lacking strength. Indonesia had god blessed lands with abundant mineral and raw materiel. In my highest opinion, let just focusing Java into our business and industrial center, made the Java island and surrounding into our Pearl Delta river business and industrial hub. Sumatra, Kalimantan and Sulawesi with their agroindustry strength and natural resources can be as supporting units for the Java industrial center but surely we can built some industrial specialized cluster in some areas like Makassar, Medan, Morowali and Balikpapan or Pontianak as supporting units for more complex heavy industry located in Java. The other thing needs to be considerate is to built more complex and comprehensive infrastructure, the current government priority to built more infrastructure is quite on the spot and need to be enlarged and spread out.

 

[Indos]

Indonesia need to formulate and mix many other countries experiences and do homework about our lacking strength. Indonesia had god blessed lands with abundant mineral and raw materiel. In my highest opinion, let just focusing Java into our business and industrial center, made the Java island and surrounding into our Pearl Delta river business and industrial hub. Sumatra, Kalimantan and Sulawesi with their agroindustry strength and natural resources can be as supporting units for the Java industrial center but surely we can built some industrial specialized cluster in some areas like Makassar, Medan, Morowali and Balikpapan or Pontianak as supporting units for more complex heavy industry located in Java. The other thing needs to be considerate is to built more complex and comprehensive infrastructure, the current government priority to built more infrastructure is quite on the spot and need to be enlarged and spread out.

Java is also a center of paddy production in the country due to its fertile soil, so it is necessary to maintain and protect agricultural industry in Java island. Instead, we need to industrialize Sumatra more and since Sumatra is close to Malacca Strait it is very ideal as ASEAN production base center.

It is already very difficult to clear land in Java either, Batang region for example is decided to be the new industrial zone is because the land is already own by a state owned company entirely. If I am not mistaken previously the industrial zone is set up in other location in Central Java but because the land clearing process is difficult so Batang becomes the replacement.

What I can say is that the industrialization will likely still be in Java for the next 10 years and most industry will go to Batang industrial zone and Rebana region in West Java, but after 2030 the industrialization should be directed to Sumatra and at that time Sumatra infrastructure and economy I predict has already been quite supportive for such new role.

Palm oil expansion in Sumatra should be stopped and all of palm oil and agricultural industry expansion should be made in Kalimantan and Papua islands.

 

[Ravager]

Java is also a center of paddy production in the country due to its fertile soil, so it is necessary to maintain and protect agricultural industry in Java island. Instead, we need to industrialize Sumatra more and since Sumatra is close to Malacca Strait it is very ideal as ASEAN production base center.

It is already very difficult to clear land in Java either, Batang region for example is decided to be the new industrial zone is because the land is already own by a state owned company entirely. If I am not mistaken previously the industrial zone is set up in other location in Central Java but because the land clearing process is difficult so Batang becomes the replacement.

What I can say is that the industrialization will likely still be in Java for the next 10 years and most industry will go to Batang industrial zone and Rebana region in West Java, but after 2030 the industrialization should be directed to Sumatra and at that time Sumatra infrastructure and economy I predict has already been quite supportive for such new role.

Palm oil expansion in Sumatra should be stopped and all of palm oil and agricultural industry expansion should be made in Kalimantan and Papua islands.

Well , if we talk about long time consideration my best bet would be kalimantan . Why , kalimantan wasn't a mountainous area hence their soil fertility was always in the lower end of scale never meant to be expected as food producer region . On the other hand any land planning misshaps would be a catastrophic and long termed too

 

[Bungaterakhir]

Alfamart, the first and only Super Minimart chain in the Philippines recently opened its 1000th outlet in Barangay Santiago, General Trias, Cavite. The company said consumers’ trust in the country towards the brand has become the main drive behind the business expansion since it first arrived in 2014.

Alfamart Philippines, a joint venture between SM and Alfamart Indonesia, is one of Indonesia’s leading mini-market chain operators. Alfamart has built four distribution centers in the Philippines throughout its 6-year expansion: in Imus, Marilao, Mexico, and Silang. As of November this year, the franchise has employed 8,000 locals and 28 Indonesians.