nufix
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finally!
Indonesia Economy Forum
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Indonesia's manufacturing PMI hits 10 year-high in March
Dzulfiqar Fathur Rahman
The Jakarta Post
PREMIUM
Jakarta / Fri, April 2, 2021 / 08:30 am
Indonesia’s factory activity rose to its highest level in nearly 10 years in March as businesses felt a surge in new orders and output amid an economic recovery. Business consultancy IHS Markit wrote in a Thursday statement that Indonesia’s manufacturing Purchasing Managers’ Index (PMI) stood at 53.2 in March, the highest reading since the company started the index in April 2011.
The March figure marked a rebound by 2.3 points after a slowdown in February. The second-highest PMI score Indonesia achieved was in June and July 2014. The PMI, a gauge of the sector based on a monthly survey of roughly 400 manufacturers, still stood above the 50-point threshold, which signaled a sustained improvement in business conditions since November last year. A reading below 50 suggests a contr
Indonesia's manufacturing PMI hits 10 year-high in March
Indonesia's manufacturing Purchasing Managers' Index (PMI) rose to a record-high at 53.2 in March, up by 2.3 points from February. The rise was driven by strong growth in new orders and output.
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Inflation stays low in March, but consumables prices rise nearing Ramadan
Dzulfiqar Fathur Rahman
The Jakarta Post
PREMIUM
Jakarta / Thu, April 1, 2021 / 04:30 pm
A firefighter sprays disinfectant at Kramat Jati wholesale market in East Jakarta on Monday. Authorities continue to disinfect public places, including traditional markets, to break the chain of COVID-19 transmissions.(JP/P.J.Leo)
Inflation remained low in March, mainly steadied by lower car prices, while the prices of some key consumables have started picking up nearing the country’s biggest holiday. Statistics Indonesia (BPS) reported on Thursday the annual inflation rate stood at 1.37 percent in March 2021, lower than the 2.96 percent rate in March 2020, when Indonesia confirmed its first COVID-19 case.
The March figure was also slightly lower than February’s annual inflation rate of 1.38 percent. On a monthly basis, the March inflation rate stood at 0.08 percent, lower than both the rate in February of 0.28 percent and the same month last year, 0.10 percent. “This inflation, if we examine it by expenditure group, is driven by food, beverages and tobacco, which contributed a substantial 0.1 percentage points,” BPS deputy for distribution and services statistics Setianto said in ...
Inflation stays low in March, but consumables prices rise nearing Ramadan
Indonesia's annual inflation rate in March stood at 1.37 percent and the monthly rate at 0.08 percent, both lower than the previous month and the same month last year.
It is quite weird the Tobacco price increases despite higher additional tax (excise) for Cigarette this year and good weather condition for agricultural plantation since last year until now.
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1500 cc-2500 cc cars get much less tax, but it is only for cars which has at minimum 70 % components made in Indonesia. Toyota will get huge boost as some of their cars produced in Indonesia has high local contents that includes engine production.
Sri Mulyani, Indonesia Finance Minister, announced the tax incentive
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Sri Mulyani, Indonesia Finance Minister, announced the tax incentive
Resmi! Sri Mulyani Terbitkan Aturan Diskon Fortuner-Innova cs
Menteri Keuangan Sri Mulyani akhirnya mengeluarkan Peraturan Menteri Keuangan (PMK) Nomor 31.
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Indonesia to build national fish storage
29th Mar 2021 20:47
Jakarta (ANTARA) - Minister of Transportation Budi Karya Sumadi said the Indonesian government will build a national fish storage center under a solicited scheme or the government's initiative.
"Our President's direction is to carry out a solicited development, meaning that the government will begin to acquire 200 hectares of land and prepare basic infrastructure," the minister said at a press conference after a limited meeting with President Widodo in Jakarta on Monday.
The Minister of Transportation said that eastern Indonesia is rich in fish.
According to the report of the Marine and Fisheries Minister, there are many things that can be made effective so that fishing functions can be scaled up, he noted.
"From there, we see that to make a national fish storage center, it is not enough that the existing ports are developed or used, but we need one port where the port is shared with industrial areas," he pointed out.
Related news: Pandjaitan to visit North Maluku's marine and fisheries center
Therefore, the government has decided to carry out development under the solicited scheme, he added.
The government will thereafter conduct a cooperation auction between government and business entities (KPBU), with an investment value of approximately Rp5 trillion, he informed.
In addition, he said, there is an opportunity to develop the area over 900 hectares, of which 700 hectares would be released by the private sector.
"We also discussed that the construction period was two years, but we want to restructure the fishing count methods so that for the past two years, we can operate the two ports in Ambon," he explained.
Related news: US demand for North Sulawesi's frozen fish stays high
Translated by: Rangga P, Azis Kurmala
Editor: Rahmad Nasution
Indonesia to build national fish storage
Minister of Transportation Budi Karya Sumadi said the Indonesian government will build a national fish storage center under a solicited scheme or the ...
en.antaranews.com
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Yes, COVID-19 figures in Jakarta have dropped. But the public must remain alert
Nina A. Loasana
The Jakarta Post
PREMIUM
Jakarta / Wed, April 7, 2021 / 02:53 pm
Commuters wait to board a train at Tanah Abang Station in Jakarta after work hours on Jan. 28, 2021.(TJP/Ardila Syakriah)
Jakarta, Indonesia’s COVID-19 hotbed, has seen a steady decrease in the number of daily cases and deaths in the past nine weeks, the longest decline since the pandemic hit the capital in March last year.
Despite the good news, authorities and experts have warned the public to remain vigilant and disciplined in implementing health protocols, especially ahead of Idul Fitri holiday season in May when Jakarta expects to see increased mobility of people in and out the city.
Ronald Bessie, coordinator of volunteers for crowdsourced database KawalCOVID-19, said the number of fatalities among COVID-19 patients in Jakarta had dropped around 60 percent since early February. On Feb. 1, Jakarta recorded 70 deaths, its highest daily rate yet. But the average number of daily deaths in the past week has decreased to around 11.
Last Tuesday, Jakarta reported three deaths, the lowest since...
Yes, COVID-19 figures in Jakarta have dropped. But the public must remain alert
Jakarta has seen a steady decrease in the number of daily cases and deaths in the past two months, the longest decline since the pandemic began.
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DBS Bets on Indonesia's EV Battery Push
BY :JAKARTA GLOBE
APRIL 01, 2021
Jakarta. DBS Bank, the largest lender in Southeast Asia by market capitalization, has made a bet in Indonesia's electronic vehicle battery initiative, marking growing confidence in the country's ambition to use the industry for transforming its economy.
The lender announced on Thursday that it has jointly led a consortium of nine banks that provide $625 million in project financing to Halmahera Persada Lygend, Indonesia’s first high-pressure acid leach (HPAL) smelter that produces nickel compounds for electric car battery manufacturing.
Tan Su Shan, DBS's group head of institutional banking and president commissioner for the lender local arm, Bank DBS Indonesia, said the financing would forge ahead Indonesia’s electric vehicle and battery manufacturing industry.
“With Indonesia holding the largest share of the world’s nickel reserves, we’re excited to support the country’s plans to develop a global EV supply chain onshore by helping to advance companies in high growth industries like [Halmahera Persada] that are also mindful of their ESG impact,” Tan said.
Halmahera Persada, part of the Lim family's Harita Group, was the first company in Indonesia to use the HPAL, a proven but expensive technology able to extract nickel compounds from nickel limonite, a kind of ore with a lower concentration of the metal.
The smelter has a capacity to process 8.3 million metric tons of nickel ores per year to produce 365,000 metric tons of mixed nickel-cobalt hydroxide precipitate (MHP) and its derivative products, namely nickel sulfate (246,750 tons) and cobalt sulfate (31,800 tons), according to Harita Group website.
DBS said electric vehicle sales could go up by 42 percent to 4.4 million units this year as demand would continue to grow among environmentally conscious consumers. The trend would push demand for storage and battery metals, DBS said in the statement.
“DBS’ strong grasp of the project, commodity markets, and battery technology, were critical in jointly leading the diverse group of banks with varying levels of familiarity with smelting and battery technologies, to ultimately deliver the customized financing solution for [Halmahera Persada],” Tan said.
DBS has committed 50 billion Singapore dollars ($37.2 billion) to finance renewable, clean energy, and green projects by 2024, more than double the lender's earlier target of 20 billion Singapore dollars. Last year, DBS closed 9.6 billion in sustainable financing transactions, up 81 percent from the previous year.
BY :JAKARTA GLOBE
APRIL 01, 2021
Jakarta. DBS Bank, the largest lender in Southeast Asia by market capitalization, has made a bet in Indonesia's electronic vehicle battery initiative, marking growing confidence in the country's ambition to use the industry for transforming its economy.
The lender announced on Thursday that it has jointly led a consortium of nine banks that provide $625 million in project financing to Halmahera Persada Lygend, Indonesia’s first high-pressure acid leach (HPAL) smelter that produces nickel compounds for electric car battery manufacturing.
Tan Su Shan, DBS's group head of institutional banking and president commissioner for the lender local arm, Bank DBS Indonesia, said the financing would forge ahead Indonesia’s electric vehicle and battery manufacturing industry.
“With Indonesia holding the largest share of the world’s nickel reserves, we’re excited to support the country’s plans to develop a global EV supply chain onshore by helping to advance companies in high growth industries like [Halmahera Persada] that are also mindful of their ESG impact,” Tan said.
Halmahera Persada, part of the Lim family's Harita Group, was the first company in Indonesia to use the HPAL, a proven but expensive technology able to extract nickel compounds from nickel limonite, a kind of ore with a lower concentration of the metal.
The smelter has a capacity to process 8.3 million metric tons of nickel ores per year to produce 365,000 metric tons of mixed nickel-cobalt hydroxide precipitate (MHP) and its derivative products, namely nickel sulfate (246,750 tons) and cobalt sulfate (31,800 tons), according to Harita Group website.
DBS said electric vehicle sales could go up by 42 percent to 4.4 million units this year as demand would continue to grow among environmentally conscious consumers. The trend would push demand for storage and battery metals, DBS said in the statement.
“DBS’ strong grasp of the project, commodity markets, and battery technology, were critical in jointly leading the diverse group of banks with varying levels of familiarity with smelting and battery technologies, to ultimately deliver the customized financing solution for [Halmahera Persada],” Tan said.
DBS has committed 50 billion Singapore dollars ($37.2 billion) to finance renewable, clean energy, and green projects by 2024, more than double the lender's earlier target of 20 billion Singapore dollars. Last year, DBS closed 9.6 billion in sustainable financing transactions, up 81 percent from the previous year.
DBS Bets on Indonesia's EV Battery Push
The lender jointly leads a consortium to provide $625 million project loan to Indonesia’s first HPAL nickel smelter
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AlhamduliLLAH encouraging number and still posted quite good amount of trade surplus in March.
Narrowest Trade Surplus in 10 Months Points to Recovering Demand
BY :JAKARTA GLOBE
APRIL 15, 2021
A container ship docks at Tanjung Priok Port in Jakarta on Jan 15, 2020. (Antara Photo)
Jakarta. Indonesia's trade surplus shrank in March from a month earlier amid robust export growth and imports of raw material and machinery picking up the pace, presenting the latest indication for its economic recovery from the Covid-19 pandemic slump.
The Central Statistics Agency (BPS) announced on Thursday that the largest economy in Southeast Asia posted a trade surplus of $1.56 billion in March, down from $1.99 billion a month earlier.
Exports rose 20 percent from February to $18.4 billion, BPS data showed. The exports were 30 percent higher than they were in the same month last year. Imports reached $16.8 billion, up 27 percent compared to February, or 26 percent from March 2020.
BPS said it was the nonoil and gas trade that contribute most to the surpluses.
Shipments of non-oil and gas merchandise increased to $17.5 billion, up 21 percent from February, or 30 percent from March 2020, contributing to the lion share of the trade surpluses, BPS said. The non-oil and gas imports rose to $14.5 billion, up 21 percent compared to February, or 25 percent compared to March 2020.
That translates to $2.94 billion of surplus in trades that exclude crude oil and gas shipments. Indonesia, however, still posted a deficit in the oil and gas trade balance, buying the commodities worth $1.37 billion more than it sold.
Still, the latest trade data remain encouraging, with imports of raw materials and machinery picking up, suggesting businesses ramping up production to fulfill rising demand.
Raw material imports rose 26 percent in March from a year earlier to $12.9 billion, while machinery imports rose 34 percent to $2.4 billion, BPS data showed.
The imports data was consistent with the IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (PMI), a monthly manufacturing expansion or contraction measure in March.
The country's PMI was at 53.2 in March — the highest reading since the survey began in April 2011 — increasing from 50.9 in February. Any reading above 50 means expansion.
“The Indonesian manufacturing sector ended the first quarter of the year on a high, with firms ramping up production in response to the strongest influx of new orders in the decade-long survey so far," Andrew Harker, the economics director at IHS Markit, said in a statement.
"These positive results add to hopes that the sector is on a fast upward trajectory, with the obvious caveat that the Covid-19 pandemic could hit back at any time," he said.
The three largest suppliers of non-oil and gas imports during the January-March period were China ($12 billion), Japan ($3.1 billion), and South Korea ($2.34 billion). Non-oil and gas imports from Asean countries reached $7.16 billion and from the European Union $2.41 billion during the three-month period, BPS data showed.
Narrowest Trade Surplus in 10 Months Points to Recovering Demand
BY :JAKARTA GLOBE
APRIL 15, 2021
A container ship docks at Tanjung Priok Port in Jakarta on Jan 15, 2020. (Antara Photo)
Jakarta. Indonesia's trade surplus shrank in March from a month earlier amid robust export growth and imports of raw material and machinery picking up the pace, presenting the latest indication for its economic recovery from the Covid-19 pandemic slump.
The Central Statistics Agency (BPS) announced on Thursday that the largest economy in Southeast Asia posted a trade surplus of $1.56 billion in March, down from $1.99 billion a month earlier.
Exports rose 20 percent from February to $18.4 billion, BPS data showed. The exports were 30 percent higher than they were in the same month last year. Imports reached $16.8 billion, up 27 percent compared to February, or 26 percent from March 2020.
BPS said it was the nonoil and gas trade that contribute most to the surpluses.
Shipments of non-oil and gas merchandise increased to $17.5 billion, up 21 percent from February, or 30 percent from March 2020, contributing to the lion share of the trade surpluses, BPS said. The non-oil and gas imports rose to $14.5 billion, up 21 percent compared to February, or 25 percent compared to March 2020.
That translates to $2.94 billion of surplus in trades that exclude crude oil and gas shipments. Indonesia, however, still posted a deficit in the oil and gas trade balance, buying the commodities worth $1.37 billion more than it sold.
Still, the latest trade data remain encouraging, with imports of raw materials and machinery picking up, suggesting businesses ramping up production to fulfill rising demand.
Raw material imports rose 26 percent in March from a year earlier to $12.9 billion, while machinery imports rose 34 percent to $2.4 billion, BPS data showed.
The imports data was consistent with the IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (PMI), a monthly manufacturing expansion or contraction measure in March.
The country's PMI was at 53.2 in March — the highest reading since the survey began in April 2011 — increasing from 50.9 in February. Any reading above 50 means expansion.
“The Indonesian manufacturing sector ended the first quarter of the year on a high, with firms ramping up production in response to the strongest influx of new orders in the decade-long survey so far," Andrew Harker, the economics director at IHS Markit, said in a statement.
"These positive results add to hopes that the sector is on a fast upward trajectory, with the obvious caveat that the Covid-19 pandemic could hit back at any time," he said.
The three largest suppliers of non-oil and gas imports during the January-March period were China ($12 billion), Japan ($3.1 billion), and South Korea ($2.34 billion). Non-oil and gas imports from Asean countries reached $7.16 billion and from the European Union $2.41 billion during the three-month period, BPS data showed.
Narrowest Trade Surplus in 10 Months Points to Recovering Demand
Indonesia posted a trade surplus of $1.56 billion in March, down from $1.99 billion a month earlier.
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Investment realization in Q 1 increases at 4.3 % compared the same period last year. While comparing it in monthly basis, March number is an increase of 2.3 percent compared to February number. Indonesia did lock down last year in Quarter 2 while last year Q 1 economic growth was around 2.8 percent.
AlhamduliLLAH
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Top! Investasi Kuartal I-2021 Capai Rp 219 Triliun
Realisasi investasi pada kuartal I-2021 mencapai Rp 219,7 triliun. Dibandingkan tahun lalu ada kenaikan sebesar 4,3% (yoy) dan 2,3% mtm.
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Sri Mulyani sets sights on 6% GDP growth by 2023 through reform
Finance Minister Sri Mulyani Indrawati delivers her remarks after the signing of a memorandum of understanding (MoU) and a cooperation agreement for the Coordination of the Acceleration and Electronification of Regional Government Transactions at the Office of the Coordinating Ministry for Economic Affairs, Jakarta, Feb. 13, 2020. The agreement aims to increase accountability in the management of state finances and minimize the potential for financial leakage in local governments. (Antara/M Risyal Hidayat)
Dzulfiqar Fathur Rahman PREMIUM Jakarta ● Thu, April 29, 2021
The Finance Ministry plans to boost Indonesia’s gross domestic product (GDP) growth to 6 percent by 2023 through mid-term structural reform starting with next year’s state budget.
Finance Minister Sri Mulyani Indrawati said on Thursday that the government would focus more spending next year on improving human capital, infrastructure and bureaucratic and regulatory reform, including by implementing the Jobs Creation Law.
The government issued the Jobs Creation Law last year and issued dozens of implementing regulations earlier this year in starting to operationalize the omnibus law and spur investment. “This can support our economic growth to above 6 percent without putting pressure on the state budget, and it can even make our budget healthy again as the growth leads to a strengthened tax base,” the minister said in a virtual...
Sri Mulyani sets sights on 6% GDP growth by 2023 through reform
The Finance Minister said structural reform, in part through the Jobs Creation Law, could accelerate Indonesia's economic growth to above 6 percent by 2023 without putting additional pressure on the state budget.
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During Ramadhan, Indonesian people flock to the markets. Even in Tanah Abang Market (selling textile product), there is one moment where there are more than 100.000 people inside the market.
Local government and Police try to manage the flow of people by implementing some limitation to the access to the market and make sure people wear mask inside the market
Local government and Police try to manage the flow of people by implementing some limitation to the access to the market and make sure people wear mask inside the market
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Indonesia posts record manufacturing PMI for 2nd month in row
Workers make medical masks at PT Multi One Plus's factory in Gunung Putri, Bogor, West Java, on Wednesday (15/4/2020). The factory produces 250,000 masks each day.(Antara/Yulius Satria Wijaya)
Dzulfiqar Fathur Rahman
PREMIUM
Jakarta ● Tue, May 4, 2021
Factory activity hit another record high in April, with Indonesian businesses benefiting from easing supply chain disruptions and an uptick in global trade.
The Indonesia manufacturing Purchasing Managers’ Index (PMI), which gauges factory activity based on a monthly survey of 400 local manufacturers, increased to 54.6 in April from 53.2 in March, information provider IHS Markit said in a press release on Monday.
A PMI above 50 indicates expansion, while a PMI below 50 indicates contraction. The latest reading marked sustained expansion over the past six months and a new high for the second consecutive month since the...
www.thejakartapost.com
AlhamduliLLAH
Workers make medical masks at PT Multi One Plus's factory in Gunung Putri, Bogor, West Java, on Wednesday (15/4/2020). The factory produces 250,000 masks each day.(Antara/Yulius Satria Wijaya)
Dzulfiqar Fathur Rahman
PREMIUM
Jakarta ● Tue, May 4, 2021
Factory activity hit another record high in April, with Indonesian businesses benefiting from easing supply chain disruptions and an uptick in global trade.
The Indonesia manufacturing Purchasing Managers’ Index (PMI), which gauges factory activity based on a monthly survey of 400 local manufacturers, increased to 54.6 in April from 53.2 in March, information provider IHS Markit said in a press release on Monday.
A PMI above 50 indicates expansion, while a PMI below 50 indicates contraction. The latest reading marked sustained expansion over the past six months and a new high for the second consecutive month since the...
Indonesia posts record manufacturing PMI for 2nd month in row
The second consecutive rise in the country's manufacturing PMI heralds better times ahead, but companies could help things along by hiring more workers.
AlhamduliLLAH
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