Indonesia Economy Forum

[pr1v4t33r]

Was it locally made?

15.000 DWT ROro Ship, servicing freight transport from Lampung(panjang) to Surabaya(tanjung perak) - only 30hours journey. Japanese build.

"Sementara itu, spesifikasi kapal KM Mutiara Persada III berbobot 15.380 gross tonnage dan berkapasitas 150 unit kendaraan campuran dengan 700 penumpang. Adapun panjang kapal buatan Jepang ini yaitu 150 meter dan lebar 23 meter dengan kedalaman draft 13,68 meter." Proyek Tol Laut Resmi Diluncurkan | Industri - Bisnis.com

 

[DarkElf]

bekas jepang 25 thn lalu. gimana-gimana lebih ekonomis beli kapal bekas asal kondisi masih layak dan sesuai dgn kegunaan, sampe beberapa tahun lalu China aja juga ikut rebutan bekas jepang.
Kapal 'Tol Laut' Senilai Rp 100 Miliar Punya Panjang

Direktur Utama PT Atosim Lampung Pelayaran, Ryan Bernandus mengatakan pihaknya membeli kapal ini dengan harga lebih dari Rp 100 miliar. "Kapal ini dibuat di Jepang tahun 1991," kata Ryan di Pelabuhan Panjang, Lampung, Rabu (6/5/2015).

 

[Nike]

Daihatsu Motor to produce
5m cars, new model in 2016

Linda Yulisman, The Jakarta Post, Jakarta | Business | Fri, May 08 2015, 8:42 AM

Four millionth: Industry Minister Saleh Husin (in the driver’s seat) and Astra Daihatsu Motor president director Sudirman Maman Rusdi (in the passenger seat) test drive a Daihatsu Terios as Daihatsu sales operation chief executive Djony Bunarto Tjondro (left), Daihatsu Motor Company chairman Koichi Ina (second left), Japanese Embassy representative Shuichi Akamatsu (third left) and PT Astra International president director Prijono Sugiarto (right) look on during a ceremony to celebrate the company’s of 4 million cars production in Jakarta. Antara/Wahyu Putro
Business News

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Major automobile manufacturer Astra Daihatsu Motor (ADM) may produce 5 million vehicles next year, a move that would strengthen its position as Daihatsu’s biggest production base outside Japan.

Prijono Sugiarto, the president director of ADM’s parent company, Astra International, said the group had approved a plan to produce a new model that would be manufactured locally starting from next year to help meet its target. The development of the model will cost around Rp 1 trillion (US$76.06 million).

In line with the plan, ADM would try to gradually boost its exports until it reached 30 percent of total production from a current level of 15 percent, Prijono added.

“I think we are on the right track to achieve that,” Prijono said Thursday during a ceremony to mark ADM’s production of 4 million units.

Starting local assembly in Indonesia in 1978, ADM now runs two facilities, including an engine plant, in Sunter, North Jakarta, and Karawang, West Java, with overall annual capacity of 530,000 units It sources autoparts from 216 first-tier suppliers and 1,105 second-tier suppliers.

Apart from making cars for Daihatsu, the plants also assemble vehicles for Toyota. As of May, ADM has made 2.08 million vehicles for Daihatsu (51. 9 percent) and 1.92 million for Toyota (48.1 percent).

The company exports to 48 destinations in Asia, the Middle East, Africa and South America.

ADM president director Sudirman Maman Rusdi said that the 5 million target would likely be achieved, as the firm could produce 430,000 units this year and another 530,000 units next year in line with recovering market demand.

The new model that it intended to produce would be sold under both Toyota and Daihatsu brands, he added.

“We haven’t decided yet whether to produce it in the Karawang or the Sunter plant. But all of our plants can produce any model according to demand,” Sudirman said.

ADM and Toyota have previously collaborated on a number of models, such as multi-purpose vehicles Daihatsu Xenia and Toyota Avanza and low-cost green cars Daihatsu Ayla and Toyota Agya.

ADM, Sudirman went on, would also employ its research and development (R&D) center in Karawang to build the new product.

ADM aims for its R&D center to be capable of carrying out full model change by 2019.

- See more at: Daihatsu Motor to produce 5m cars, new model in 2016 | The Jakarta Post

 

[pr1v4t33r]

Jokowi Inspect the Development of Prahaa Sentani Traditional Market for Papuan (9/5/15)

Jokowi: Prahaa Sentani Jadi Pasar Percontohan Terpadu - News Liputan6.com

 

[pr1v4t33r]

Jatibarang Dam in Semarang Completed and Fully Operational

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New Priok Port Develpment Progress

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Welcome to Bali Airport

 

[Nike]

@pr1v4t33r @Indos kalau mau sih Indonesia bisa bikin pulau buatan juga dengan mudah di LCS biar makin rame

President to boost Merauke as nation`s granary
Senin, 11 Mei 2015 21:32 WIB | 355 Views

Manokwari (ANTARA News) - The Indonesian government plans to boost Merauke as the nations granary by managing its 4.6 million-hectare area after the district launched a grand rice harvest on 300 hectares of paddy fields, stated President Joko Widodo.

Speaking at the inauguration ceremony of the Sulawesi-Maluku-Papua Optical Fiber Cable System here on Sunday, the president stated that the decision to make Merauke as the nations granary is an enormous program to fulfill the domestic rice needs.

"I have decided that Merauke is proclaimed to become the nations granary, starting this year," he said.

The head of stated noted that the enormous program can be achieved by implementing modern mechanization.

"If the people in Merauke really work towards seriously implementing the program by using suitable modern agricultural mechanism, the rice production from an area of 4.6 million hectares will equal any other area in Indonesia," Jokowi emphasized.

However, the president was still uncertain about the time period when the program could be realized. Therefore, the program is targeted to be completed within the next three years.

He explained that 1.2 million hectares of land can yield 7 tons per hectare on an average and 8.4 million tons of rice production can be achieved.

"If one day, the entire harvest can be collected from 4.6 million hectares of land, then the rice production will reach over 24 million tons. This means that Merauke has already fulfilled the domestic rice needs of around 30 percent," he elaborated.

Moreover, if rice production is collected from the entire province, then Indonesia will possibly become the largest rice producer in the world.

Jokowi admitted that the program requires substantial funding to realize it.

During his three-day working visit to Papua, President Joko Widodo today also attended a grand harvest on rice fields measuring 300 hectares in Wapeko, Kurik Sub-district, Merauke District, Papua Province.

The grand harvest was conducted by using a combine harvester, and paddy planting was later carried out by using a paddy transplanter.

Before some 500 local farmers, the head of state remarked that Merauke should become a food exporter in the future.

The government, in its efforts to boost paddy production, has distributed paddy harvesting and planting machines to the local farmers.(*)

President to boost Merauke as nation`s granary - ANTARA News

 

[pr1v4t33r]

@pr1v4t33r @Indos kalau mau sih Indonesia bisa bikin pulau buatan juga dengan mudah di LCS biar makin rame

Bisa aja, cuma gak ekonomis sama sekali. Di deket LCS kan indonesia punya kepulauan Natuna. Ada pulau laut yang paling luar (utara). Udah ada 2 fasilitas pelabuhan disana. Kalo mau bikin rame paling asik jadiin aja SCS operation center di Natuna. Dilengkapin fasilitas buat AU, AL sama marinir. Terus patroli rutin sekitaran Natuna bareng2 US sama ASEAN navy.

 

[Indos]

@pr1v4t33r @Indos kalau mau sih Indonesia bisa bikin pulau buatan juga dengan mudah di LCS biar makin rame

Bisa menganggu proses alih teknologi C-705...............

 

[Nike]

Government to review bilateral investment treaties
Senin, 11 Mei 2015 19:48 WIB | 413 Views

Jakarta (ANTARA News) - The Indonesian government has decided to review its bilateral investment treaties (BITs) with several countries in a bid to lend legal certainty and protection to investment, Chief Economic Minister Sofyan Djalil stated here on Monday.

"This must be reviewed because it no longer fits in the framework of development. Many BITs were signed in 1960-1970," the coordinating minister for economic affairs remarked after a coordination meeting.

He emphasized that the treaties need to be reviewed in keeping with the current developments in the world with regard to offering investment protection to avoid possible legal issues on investment that can hurt Indonesia or the countries to which the investors belong.

"The key to attracting investment is to offer protection to foreign investors. We need to offer strong protection to an investment, which has not been handled well, to avoid the need for arbitration," he emphasized.

Sofyan pointed out that there were several legal cases that led to disputes between Indonesia and foreign investors. He expressed hope that the new agreements inked later would be able to avoid inconsistencies and legal violations related to investment.

"We saw that several bilateral agreements were made while the economic condition was quite different (from current global situation), and therefore, we will review them," he stated while referring to the assets of Century Bank, Newmont, and Churchill.

Chairman of the Investment Coordinating Board (BKPM) Franky Sibarani remarked that the review will be carried out to adjust with the current economic situation in a bid to ensure order and improve the investment climate.

"Certainly, there will be adjustments due to the FTA (foreign trade agreement) and others, but the point is that in the current five years of investment, we need to give freedom to discuss issues relating to investment," he said.

The idea to review BITs with 67 countries has existed since the government of former president Susilo Bambang Yudhoyono aimed at offering consistency with regard to local and international laws.

Meanwhile, other reasons are aimed at preventing multinational companies of advanced countries from applying pressure and shielding developing countries such as Indonesia from investment risks, he added.(*)

Government to review bilateral investment treaties - ANTARA News

 

[Nike]

President hopes Indonesian products enter PNG market
Selasa, 12 Mei 2015 19:48 WIB | 589 Views

Port Moresby, PNG (ANTARA News) - Indonesian President Joko Widodo believes that products from the country can enter and dominate the Papua New Guinea (PNG) market.

"If Indonesian products enter PNG, it will be easy for business players to enter the country," the president said here on Tuesday.

According to the head of state, with the upcoming implementation of the ASEAN Economic Community (AEC), Indonesia should be ready to keep up with other countries.

"The boundaries of all member states of the ASEAN will open following the implementation of the AEC. Therefore, we all have to be ready," the president remarked.

Furthermore, he expressed his pride in knowing that Indonesian business players could dominate the PNG modern market, where 50 percent of the products are Indonesian.

Jokowi also believes that Indonesian products have high competitiveness and should be further improved to enter the neighboring country.

"We should not be mere spectators in the market," he said.

The Indonesian president was in PNG on May 11 and 12 for a two-day working visit.

During his visit to PNG, the president signed cooperation agreements on the prevention of cross-border crimes, including those related to drugs and terrorism, and on capacity building of human resources to explore the oil and energy sectors.

In the field of economy, Indonesia and Papua New Guinea have agreed to increase cooperation in various areas, encourage trade beyond border market regions, boost the strengthening of infrastructure and investment cooperation, and push for private sector participation in the fields of energy, telecommunications and fisheries.

Jokowi also took time to hold a dialogue with Indonesians who reside in Papua New Guinea.

There are as many as 2,500 Indonesians in Papua New Guinea, working as skilled employees in a number of fields.

Of the 2,500 Indonesians, 1,000 live in the border areas, while 1,500 live in the capital of Papua New Guinea, Port Moresby.(*)

President hopes Indonesian products enter PNG market - ANTARA News

 

[Reashot Xigwin]

President Jokowi considers request to build sea toll gate in Timika
Sabtu, 9 Mei 2015 19:36 WIB | 1.384 Views

President Joko Widodo (Jokowi) in the the middle of community to discuss maket market development and integrated terminal Pharaa, Sentani, Jayapura, Papua, on Saturday, the project began to take place. (ANTARA/Hafidz Mubarak A.)
Jayapura (ANTARA News) - President Joko Widodo (Jokowi) is considering the request made by the Papua provincial administration to construct a sea toll gate in Timika, Mimika district.

"We will look into the possibility," he affirmed while conducting the first ceremonial groundbreaking of Hamadi-Holtekam Bridge said here on Saturday.

In the upcoming months, several sea toll gates will be inaugurated, including one in Sorong, West Papua province, he added.

"Around August-September, the sea toll gate in Sorong is expected to commence operations. The sea toll gate was built on land covering 7,000 hectares and comprises a seaport, power plant center, and industrial areas," the president noted.

Earlier, Coordinating Minister for Maritime Affairs Indroyono Soesilo had stated that the ministry had accepted all requests.

"Currently, the government is focusing on the new program that has been assigned. The Sorong Seaport is one of the five sea toll gates in Indonesia that we are focusing on," he remarked.

In addition, Head of Papuas Planning and Development Agency Muhammad Musaad said that the administration expected a sea toll gate to be built in Papua as well.

Timika and Depapre, Jayapura district, are two suitable locations where a sea toll gate can be constructed.

These seaports will highly affect the prices of goods distributed in Papua, and therefore, will encourage economic growth in the community.
(T.KR-LWA/INE/KR-BSR/B003)

 

[Nike]

Garuda and LOT Polish Airlines Agree on New Jakarta-Warsaw Flight Route
By Jakarta Globe on 02:47 pm May 12, 2015
Category Business, Corporate News
Tags: Garuda Indonesia, LOT Polish Airlines, Poland

A Garuda Indonesia airplane undergoes maintenance. (JG Photo/Afriadi Hikmal)

Jakarta. Garuda Indonesia and LOT Polish Airlines, flag carriers of Indonesia and Poland respectively, have agreed to open a new route connecting Jakarta and Warsaw.

Garuda Indonesia President Director M. Arif Wibowo said opening a new route to Poland will help Garuda better connect with Eastern and Central Europe. Garuda currently flies to London in the United Kingdom and Amsterdam in the Netherlands.

“Poland, like Indonesia, is a destination with potentials,” Arif said on Tuesday, as quoted by state-owned news agency Antara. “That’s why Garuda is ready to sign a Special Priority Agreement with LOT Polish Airlines.”

Sebastian Mikosz, chief executive officer of LOT Polish Airlines, welcomed the plan, adding the agreement was a first step towards better cooperation.
Garuda and LOT Polish Airlines Agree on New Jakarta-Warsaw Flight Route - The Jakarta Globe

 

[Nike]

Indonesia's investment board holds business meeting with Chinese executives

Kamis, 14 Mei 2015 17:39 WIB | 766 Views

Beijing (ANTARA News) - Indonesias Investment Coordinating Board (BKPM) held a business meeting with executives from some 100 Chinese companies to introduce them to the countrys investment potentials and its one-stop service to ease investment.

"This business forum was the first such one organized by the BKPM," Chairman of the BKPM Franky Sibarani told ANTARA News here on Thursday before the forum began.

He added that realization of Chinese investment in Indonesia was still relatively small.

"The investment ratio is still 10 percent, which means that out of 10 Chinese investors, only one really invests in Indonesia," he explained.

According to records, realization of Chinese investment in Indonesia in the fourth quarter of 2014 was ranked fourth for the first time, while in the first quarter of 2015, it reached US$75.1 million in 200 projects.

"These figures have made China one of the top 10 investors in Indonesia," he affirmed.

In the last five years, the realization of Chinese investment in Indonesia reached US$1.5 billion, which is around 7 percent of the total planned investment recorded at US$23.3 billion.

"However, the investment potential of China is large. Therefore, the BKPM continues to conduct internal improvements by being more proactive in introducing the countrys investment potentials, providing better facilities and counseling for Chinese investors in Indonesia, as well as routinely holding a market sounding event and business forum like this one, which is the first to be held in China, among other measures," he stated.

Furthermore, Indonesian Ambassador to China Soegeng Rahardjo said that considering Chinas huge investment potential, the country could become the fifth largest investor in Indonesia.

"However, there must be cooperation and strong commitment between the two countries to ensure realization of investment, increase of trade and flow of tourists," he remarked.

Vice President of Bank of China Gao Ying Xin noted that the relations between China and Indonesia continued to increase, marked by the recent exchange of visits by the heads of states of both nations.

"We have funded several investment projects in Indonesia, such as mining projects in Kalimantan and Sulawesi. Our partners include Garuda Indonesia, Krakatau Steel and Sinar Mas. We have even made programs for small and medium businesses," he pointed out.

According to Gao Ying Xin, Indonesia was Chinas biggest trading partner in Southeast Asia, and with its long coastline, its position was very strategic for Chinas "One Belt, One Road" project.

With all these advantages, he added, "I believe the flow of investment and trade between the two countries will continue to increase in the future."

The business leaders who attended the forum included those from the sectors of mining, telecommunications and infrastructure.

(Reporting by Rini Utami/Uu.H-YH/INE/KR-BSR/A014)

Indonesia's investment board holds business meeting with Chinese executives - ANTARA News

 

[Nike]

Current account balance expected to improve: BI
Jumat, 15 Mei 2015 21:42 WIB | 563 Views

Endy Dwi Tjahyono. (ANTARA)
Jakarta (ANTARA News) - Bank Indonesia (BI) predicted that the countrys current account deficit would narrow with the declining trend of oil fuel imports and consumption in the country.

Head of the balance of payment division of the central bank Endy Dwi Tjahyono, the government policy in oil fuel subsidy had positive impact on the countrys current account balance.

Imports of oil totaled 83 million barrels in the first quarter of this year, down from 96 million barrels in the last quarter of 2014, Endy said here on Friday.

Meanwhile the current account deficit narrowed to 3.8 billion or 1.8 percent of the countrys Gross Domestic Product (GDP) from US$6.2 billion or 2.81 percent of the GDP in the last quarter of 2014.

Endy said if the government could implement its infrastructure projects soon, imports of basic material would rise potential to result in current account deficit to widen.

"However, it is no cause for concern as the deficit would be a deficit with higher quality," he said.

It would be the same as the deficit in the first quarter of 2015 which was attributable more to consumption, he added.
(Uu.H-ASG/A014)

Current account balance expected to improve: BI - ANTARA News

 

[Nike]

Pertamina secures $2.5b
hedging facility from state
banks
Tassia Sipahutar, The Jakarta Post, Jakarta | Business | Fri, May 15 2015, 7:58 AM

State oil and gas firm Pertamina has secured a US$2.5 billion hedging facility from three state lenders, making it the largest hedging facility obtained by a state-owned enterprise (SOE).

An agreement on the facility was signed on Wednesday by Pertamina finance director Arief Budiman, Bank Mandiri corporate banking director Royke Tumilaar, Bank Negara Indonesia (BNI) finance director Rico Rizal Budidarmo and Bank Rakyat Indonesia (BRI) human resources director Gatot Mardiwasisto.

Of the hedging figure, Mandiri provided $1 billion, while BRI and BNI provided $750 million each. The facility to Pertamina is now the largest hedging facility provided to an SOE to date.

State electricity firm PLN previously obtained $950 million in foreign exchange (FX) line from the same three banks in April, while national flag carrier Garuda Indonesia secured Rp 1.5 trillion ($113.74 million) in the form of a cross currency swap from several lenders, including BNI, in the period of June 2014 to January 2015.

Arief said that the facility would enable Pertamina to comply with current hedging requirements set by the financial regulator and at the same time meet its own FX needs, which are mostly used to import fuel, procure machinery and pay off loans.

A Bank Indonesia (BI) rule on corporate offshore loans stipulates that non-banking firms must hedge at least 20 percent of its short-term foreign denominated loans in 2015. The ratio will be raised to 25 percent in 2016.

The regulation says that the firms must also have FX assets that are at least 50 percent equal to the value of their FX liabilities in 2015. Next year, the required ratio is set higher at 70 percent.

“Our hedging needs change over time, depending on the situation. For example, we had a [FX] mismatch of $600 million in the first quarter. It would mean that we would be required to hedge at least 20 percent of that figure,” Arief said.

“However, the figure itself may rise to around $3 billion to $4 billion when oil prices are high,” he added.

Regarding its FX liabilities, Arief said that Pertamina had about $16 billion in foreign denominated loans by the end of last year, $4 billion of which were short-term loans.

“The amount of our short-term loans has shrunk since last year. So, considering present situation, I think that $2.5 billion [facility] will be enough for our hedging needs,” he said.

According to BRI finance director Haru Koesmahargyo, Pertamina currently makes up for the biggest portion of its hedging portfolio. BRI has so far provided $1.8 billion—worth of hedging facilities to state and private companies.

“We are looking to partner with a total of 22 firms, including 12 SOEs. We have prepared some of the partnership contracts, but have yet to sign them,” he said.

Meanwhile, Mandiri’s Royke said that it expected to book at least $3 billion in hedging volume by the end of the year from its partnerships with 10 SOEs. - See more at: Pertamina secures $2.5b hedging facility from state banks | The Jakarta Post