Indonesia Economy Forum

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Lippo to move two Reits from S'pore to Indonesia

Indonesian conglomerate Lippo Group plans to shift two real estate investment trusts (Reits) with 35 trillion rupiah (S$3.5 billion) in assets from Singapore to Indonesia next year, in order to benefit from new tax breaks offered by Jakarta.

Last week, the Indonesian government announced incentives aimed at encouraging firms to set up Reits by ending double taxation that may apply to such businesses.

readmore: Lippo to move two Reits from S'pore to Indonesia, Business News & Top Stories - The Straits Times

 

[Reashot Xigwin]

Jokowi brings in $20b worth
of investments from US
visit
thejakartapost.com, Jakarta | National | Tue, October 27 2015, 1:43 PM

President Joko "Jokowi" Widodo. (Antara/Widodo S. Jusuf)

National News
President Joko "Jokowi" Widodo witnessed investment agreements worth a total of US$20 billion between Indonesian and US companies during his trip to the US on Monday.

Foreign Affairs Minister Retno LP Marsudi said that economic issues were the priorities of the trip.

"There are cooperation agreements worth $20 billion from many companies of varied sectors," she said as quoted by news agency Antara on Tuesday.

Franky Sibarani, the chief of Indonesia's Investment Coordinating Board (BKPM) said that Jokowi's visit to the US finalized the agreements that had been in the works for a long time.

Jokowi visited the US Chamber of Commerce in Washington, DC, on Monday joined by 250 businesspeople and policy makers from both countries. US Chamber of Commerce president Tom Donohue, US-Asean Business Council president Alexander Feldman and president of US-Indonesia Society (USINDO) David Merril welcomed Jokowi and delegation members.

Antara reported that the business agreements signed on Monday totaling $20.25 billion were:

1. Liquid natural gas (LNG) purchase agreement between state oil and gas firm Pertamina and Corpus Christie Liquefaction worth $13 billion for delivering LNG to Lampung Floating Storage Regasification Unit (RSFU) to meet gas needs in the western part of Indonesia and a LNG terminal for eastern Indonesia.

2. Expansion commitment from tobacco giant Phillip Morris for $1.9 billion for factory expansion during 2016 to 2020.

3. Coca Cola to invest $500 million from 2015 to 2018 for plant expansion and production increase

4. Shale gas field Fasken Eagle Ford development plan between Saka Energi and Swift Energy in Webb Country, Texas worth $175 million.

5. State electricity company PLN partnered with General Electric in a $100 million deal for the development of 100 megawatt turbine gas and cydepower units in Gorontalo.

6. State University Udayana in Bali partnered with Skychase energy in a $30 million deal for water conservation and power consumption reduction projects

7. State lender BNI Syariah and Master Card will launch a debit card aimed at haj and umroh (minor haj) pilgrims.

8. PLN and UPC Renewables to work on $850 million deal for 350 megawatt wind-powered power plants from 2015 to 2018

9. Cikarang Listrindo and General Electric partnered in a $600 million deal for power plant developments

10 PT Indonesia Power and General Electric partnered to create a 700 megawatt power plant worth $400 million

11. PLN Batam and General Electric partnered to create a 500 megawatt mobile power plant in Mataram, Bangka, Tanjung Jabung, Pontianak, Lampung and Sei Rotan worth $525 million

12. State railway PT Kereta Api Indonesia and General Electric partnered to create 50 locomotives in eight years worth $60 million.

13. PLN and Caterpillar partnered to create a 2 gigawatt hybrid power plant and PV+ solar project worth $500 million

14. Cargill expansion plan invested $750 million for 2015 to 2019

15. Caterpillar will develop a Remanufacturing Facility for Cylinder Head in Cileungsi, Bogor, West Java, worth $12 million

16. State banknote printing firm Perum Peruri and Crane Currency invested $10 million for a bill security plant in Karawang

17. Pertamina and Bechtel Corporation invested $800 million for refineries construction and development in five years

18. Kilat Wahana Jenggala and Hubell Power Systems invested to expand the existing plant producing polymer transmission for electricity distribution, worth $5 million to $10 million. (rin)(+)

- See more at: Jokowi brings in $20b worth of investments from US visit | The Jakarta Post

 

[Nike]

Indonesia to strongly partner with United States in energy sector
Kamis, 29 Oktober 2015 20:04 WIB | 761 Views

Abu Dhabi (ANTARA News) - Indonesia will make the United States its strongest partner for developing the countrys energy sector, according to Energy Minister Sudirman Said.

"The United States will be a strong partner of Indonesia in the field of energy," he stated aboard a flight from Amsterdam to Abu Dhabi on Wednesday after accompanying President Joko Widodo during his visit to the United States.

The minister remarked that the United States has rich experience and knowledge in the field of energy.

In the meeting with President Widodo, the United States President Obama had expressed readiness to become a strong partner of Indonesia in developing clean energy to mitigate the effects of climate change.

"This is a strong statement for me as an energy minister to develop the next level of cooperation," he affirmed.

He pointed out that energy management in Indonesia has long lacked scientific aspects and has been trapped in the short-term political transaction approach.

"It is still short term. If we start exploring now, we might find oil 10 years later. Renewable energy will take longer, and therefore, we must adopt a scientific approach. Cooperating with the United States and Europe will be very important, and the trend is more open," he noted.

He said Indonesias renewable energy potential, in particular, is still huge, such as hydropower, which can reach 75 thousand megawatts (MW), geothermal 42 thousand MW, wind, sun, and biofuel.(*)

Indonesia to strongly partner with United States in energy sector - ANTARA News

 

[Nike]

Govt buying more ships
for remote places
The Jakarta Post, Jakarta | Business | Fri, October 30 2015, 5:45 PM


Business News

• Meliá, Dago Trisinergi team up on Bandung hotel
• Waskita sees substantial growth, Adhi grows modestly
• Waskita sees substantial growth, Adhi grows modestly

The government has signed contracts for the construction of 24 ships that will be used to transport people and goods to and from remote areas in a bid to improve connectivity among the country’s islands.

Upon completion, those ships will operate in 15 ports in remote areas in Indonesia, including Sintete in West Kalimantan, Tual in Maluku and Sorong in West Papua.

“As those areas can’t be developed commercially, the government needs to step in [...] With these additional ships, we can increase the frequency of the movement of goods, as well as the travel time to the remote ports, from once every two weeks to once every seven days,” Transportation Ministry’s director general for sea transportation Bobby Mamahit told the press recently.

He added those ships would also serve to boost tourism in the remote areas as they could carry goods and passengers. The 24 ships will weight 2,000 gross tons each and each will have the capacity to carry 50 tons of goods as well as 566 passengers.

The contract is estimated to be worth Rp 1.77 trillion (US$129.9 million) in total, supported by the state budget over several years until 2017.

The shipbuilding companies that won the contracts include PT Daya Radar Utama, which has been assigned to build eight ships, PT Steadfast Marine, assigned to build five ships, and PT Janata Marina Indah, which was assigned to build two.

“I hope it can be finished in around two years,” Bobby said.

The projects are part of the government’s plan to build 188 ships this year, 100 of which will be used to serve the remote areas.

The government has allocated about Rp 11.84 trillion during the three-year term for the construction of various kinds of ships, namely navigation vessels, patrol vessels and livestock ships.

As of Oct. 23, the ministry had only secured 32 contracts for the construction of 100 ships.

“More are to come, we should sign all this year. On Nov. 2, we will sign contracts for around 15 more ships,” he said, while declining to specify the types of the ships.

All 188 shipbuilding contracts will be signed by November, according to Bobby. He said that the construction of the passenger and freight ships would add to the 56 ships currently owned by the government to serve 96 routes across the country.

The ministry previously assigned state-owned shipping firm PT Pelayaran Nasional Indonesia (Pelni) to operate scheduled sea-freight transportation that serves six routes, including Tobelo in North Maluku and Serui in Papua, to support the government’s maritime program.

Bobby added that the current speed of development was also an improvement over last year’s construction of a mere eight ships.

Indonesian Shipbuilding Association (Iperindo) chairman Eddy K. Logam said that the shipbuilders welcomed the government’s ship construction program, as it would also boost the utilization of the shipbuilding capacity that currently stood at 1.2 million deadweight tonnage. (fsu)

- See more at: Govt buying more ships for remote places | The Jakarta Post

 

[MarveL]

More than two million hectares of Indonesian forests lost to fires since June


Thick smoke rises as a fire burns in a forest at Ogan Komering Ilir Regency, Indonesia's South Sumatra province Oct 20, 2015. Photo: Antara Foto via Reuters

JAKARTA — More than two million hectares of forest area have been reduced to ashes in the past five months in Indonesia, according to the data published by the National Space and Aviation Agency (Lapan).

The agency said yesterday that based on satellite data collected from June 21 until Oct 20, an estimated 2,089,911 hectares were gone.


The number is likely to grow, as a large number of forests — as well as peat lands — are still on fire, causing the ongoing haze crisis, especially in Kalimantan and Sumatra.

“We have compared the data gathered from before and after the fires started,” Mr Parwati Sofan, a senior official at Lapan, spoke at a press conference yesterday at the Natural Disaster Mitigation Agency (BNPB)’s headquarters in Central Jakarta, as quoted by kompas.com.

Lapan estimates that 832,999 hectares of forests were burned in Sumatra, 806,817 hectares in Kalimantan, 353,191 hectares in Papua, 30,912 hectares in Sulawesi, 30,162 hectares in Bali and Nusa Tenggara, 18,768 in Java, and 17,063 in Maluku.

BNPB spokesman Sutopo Purwo Nugroho said that 32 per cent of hotspots in the country are currently found in non-concession forest areas, 20 per cent in industrial forest areas (HTI), 20 per cent in palm oil plantations, and the remainder was found in forest areas used for other purposes.

“Even though the satellite has helped us [collect the data], bear in mind that it cannot scan the forest areas that are covered in thick haze and clouds,” Mr Sofan added. “We expect the number to increase as the data collecting is still underway. We will update the data every ten days.”

The BNPB and its local branches have set up numerous shelters for residents of the affected regions.

The Indonesian Red Cross (PMI) on Thursday sent extra ambulances, water trucks, water purifiers, shelters, air purifiers and eye drops to Sumatra and Kalimantan. The PMI has extended its haze emergency response period to January, as the disaster still shows no signs of abating. JAKARTA GLOBE

More than two million hectares of Indonesian forests lost to fires since June | TODAYonline

 

[pr1v4t33r]

Sambutannya sangat antusias, pendukungnya masih banyak...

 

[Daniel808]

Among Indonesia’s most promising industries, property development stands out as one of the strongest drivers in the country’s growing economy

After showing substantial growth across the board in recent years, Indonesia’s property market began a period of consolidation in 2014. The recent deceleration of prices (see Fig. 1) indicates that the sector is maturing, which in turn has soothed concerns of overheating.

Despite the slower pace, residential property in Indonesia continues to show healthy growth, particularly in Greater Jakarta, the most active and international market in the country. While the country’s capital remains the focus for the large majority of real estate outfits, other regions are also undergoing significant property expansion. In fact, residential property has become one of the fastest growing sectors in the economy in recent years due to a surge in demand among Indonesia’s expanding middle class.

One of Indonesia’s fastest growing regions is Tangerang, a secondary city that is adjacent to Jakarta. Serpong, a district in Tangerang with population of more than 6.5 million people, which is developing particularly rapidly, is no longer considered as a rubber plantation at the periphery of Jakarta. “It is now an independent city with majestic buildings adorning its remarkable infrastructure; city centres, commercial parks and entertainment centres can now easily be found there”, said Ervan Adi Nugroho, the President Director of PT Paramount Enterprise International (also known as Paramount Enterprise).

Changes in social perspectives… make property ownership part of one’s lifestyle choice

Gading Serpong
Serpong’s recent development can be largely attributed to Paramount Land, the property arm of Paramount Enterprise. Paramount Land’s flagship project is the Gading Serpong township, an area that was chosen because of its proximity to Soekarno-Hatta International Airport and its accessibility via two toll roads, the Jakarta-Merak and the Jakarta Outer-Ring Road. Its location has thus made Gading Serpong a new giant economic hub, which lies at the centre of other property and township developments that are being undertaken by various renowned Indonesian firms. The development of the 1,200 hectare township has been so successful that Gading Serpong has become one of the busiest trade and business centres in Tangerang, as well as one of the most desirable locations to live and invest in. Currently the population in the township exceeds 53,000 people, not including those that commute to Gading Serpong to work and/or to visit; and more than 15,000 houses, commercial units and several condominium towers are built.

Taking advantage of its expertise in urban planning, project management and property management, Paramount Land has built modern infrastructure for the township, which includes a network of roads, complete access via toll roads, a water treatment plant and underground fibre optic cables. “Gading Serpong has grown into a pleasant, modern, self-contained city with well-constructed facilities that are enjoyed by residents and visitors alike”, said Nugroho. Hotels, hospitals, schools, universities, commercial areas, restaurants, supermarkets, hypermarkets, wet markets, shophouse complexes, a small office home office complex, are all everywhere in Gading Serpong. In addition, essential cultural structures have been built, such as places of worship, sports and recreational spaces and community complexes, as well as green public spaces. Travel within the township has been made convenient via pedestrian walkways, bicycle lanes and various public transportation. “These facilities are expected to further accelerate Gading Serpong’s development in the near future”, said Nugroho.

“We have found that property in the township is attractive both to residents and investors alike due to Gading Serpong’s fast return on investment; on average, the value of property has increased by 15 to 20 percent per annum in the past five years or so.” In order to continue growth amid fierce competition in Indonesia’s property industry, Paramount Land prioritises constant innovation. “We always strive to give the best to consumers; we are committed to providing excellence, especially in terms of service, product quality and on-time delivery. Our motto, ‘Building Homes and People with Heart’, is at the basis of everything we do”, said Nugroho.

Lifestyle shift
As Indonesia’s population continues to grow, so will the need for housing. In addition, the desire to invest in primary or secondary properties is likely to increase in line with improving and growing economic growth and corresponding changes in social perspectives, which make property ownership part of one’s lifestyle choice. In response to this growing trend, last year Paramount Land unveiled more than 3,000 new residential units in the Gading Serpong township. These properties were developed with innovative concepts, such as detached homes: landed houses, which have maximum cross ventilation and optimum lighting; and compact homes that have critical land utilisation in mind. Other innovative products include big and micro-custom homes, in which customers can choose from more than 1,000 design options according to their needs and tastes, including various styles such as classic, Scandinavian, Japanese, Mediterranean, Victorian, colonial, and art deco. Currently, more than 5,000 residential units are under construction. Each development is in a different stage and will be handed over to buyers within the next year or two.

Paramount Land also owns and manages several strategically located land banks in major cities across Indonesia, which are due to be developed into either townships, real estate sites or integrated mixed-use developments. Due to the increasing demand for residential homes and condominiums in big cities, Paramount Land is currently making preparations for real estate projects in Semarang (phase two; phase one already launched successfully last June), Central Java, Manado, North Sulawesi, and Balikpapan, East Kalimantan. Other projects in the pipeline that include integrated mixed-use projects are those in Pekanbaru and Bali, as well as in Jakarta.

Recognising the lifestyle trend and the growing economy, the Indonesian government is showing great support, which can be seen from the numerous infrastructure projects that they are currently funding, including toll roads that connect the cities to the capital. This is a vital step in the future success of the townships as they enable citizens to commute into major cities from areas that they prefer to live in. Adding further to the potential of property investment in Indonesia is the fact that the average price of property is relatively low in comparison to other countries in Asia, such as Singapore, Hong Kong, Malaysia and China.


Recurring income
In addition to property development, Paramount Enterprise also develops hotels, resorts, and hospitals. Identifying the need to diversify its portfolio, Paramount Enterprise has entered various industries, such as retails, logistics, fisheries, alternative energy and multimedia.

Through its hotel management company, Parador Hotels and Resorts, Paramount Enterprise currently owns and manages six hotels that are located within various business hubs: four hotels in Gading Serpong, namely Atria Hotel (four-star), Atria Residences (four-star), Ara Hotel (three-star) and Fame Hotel (two-star); a four-star hotel in Central Java and another four-star hotel in East Java. A further two new hotels are due to be opened in the coming months in Sunset Road Bali and Serpong, while there are also serious expansion plans currently underway to build new hotels in Jakarta, Surabaya, Bali, Lombok, Semarang, Bogor, Bandung, Balikpapan and other major cities in Indonesia. In addition, Parador Hotels and Resorts will also manage the third-parties owned hotels.

In terms of its healthcare segment, Paramount Enterprise owns Bethsaida Hospital, the first general hospital in Gading Serpong, which provides quality and affordable healthcare, not only for residents, but also for the people living in West Jakarta, Tangerang and other surrounding areas. “The centre includes aesthetic, orthopaedic, dental, hyperbaric and cardiac wards”, said Nugroho. While in retail, Paramount Enterprise operates fashion stores, convenience shops, mini markets, and cafes that serve the varying needs of a rapidly growing suburban population. “The existence of business units is one of the strategies we have in place to increase and optimise the company’s recurring income”, concludes Nugroho. “Developing the property and lifestyle business responds to Indonesia’s rising middle-class income and the demographic shift that is currently taking place in the country.”

Property drives Indonesia’s economic growth | World Finance

Yes, Buy Property

 

[MarveL]

Finnish President Talks Business, Trade in Indonesia Visit

Jakarta. Finnish President Sauli Niinisto paid an official state visit to Indonesia on Tuesday, bringing with him an envoy of businessmen in an effort to forge stronger ties with its distant archipelagic Southeast Asian partner.

President Joko Widodo met with the Nordic delegation at the State Palace in Central Jakarta to discuss, among others, 61 years of bilateral relations between the two nations and improving cooperation in the energy, infrastructure, information technology and port management sectors.

“We have agreed to target bilateral trade at $1 billion in 2016. We also agreed to increase [Finnish] investment [in Indonesia] to $3.6 million,” Joko said after the meeting.

“We invited Finland to take part in our development of renewable energy and help us create a more efficient economy."

The president added that he had also urged his Finnish counterpart to take advantage of Indonesia's aim to become Southeast Asia's largest digital economy.

The meeting also touched on concerns over religious tolerance and climate change, he added.

Finnish President Talks Business, Trade in Indonesia Visit | Jakarta Globe

 

[prima99]

this month is the month of the Jai Hind

Indonesia News - Vice President Ansari to attend India-Indonesia Business Forum

Indonesia News.Net Monday 2nd November, 2015

Vice President Hamid Ansari who is on a four day visit to Indonesia, will today meet members of India -Indonesia Business Forum at Jakarta to boost the economic ties between the two emerging economies.

India has invested about 15 billion US dollars in the southeast country and the bilateral trade between the two reached 20 billion dollars last year. However, the trade surplus is heavily in favour of Indonesia.

The purpose of the business forum meet is to likely to promote Indonesian investment in the country under Government's ambitious Make in India initiative

Earlier, the Vice President had called for synergised efforts in the areas of economy and business to correct the imbalance of trade and said that there was a considerable potential for expanding trade in the areas of automotive components, automobiles, engineering products, IT, pharmaceuticals, bio-technology and healthcare sectors between both countries.

He will depart for Bali today.

Vice President Ansari arrived here for his five-day two-nation official visit to Indonesia and Brunei on Sunday

Indonesia is the first stopover for the Vice President, who is there at the invitation of his Indonesian counterpart Jusuf Kalla. (ANI)



Indonesia News - India, Indonesia conclude pacts on energy, culture exchange

Indonesia News.Net Monday 2nd November, 2015

Ministry of External Affairs Secretary (East) Anil Wadhwa on Monday said India and Indonesia have signed an MoU in cooperation in new and Renewable Energy sector, which is important because both the nations have committed themselves to reduce carbon emission by 35 and 29 percent by 2030.

Another MoU was signed in the field of cultural exchange.

"We tried to discussed how to diversify and increase our bilateral trade and encourage investments in each other's countries to the private sectors, for which we are working to provide a contemporary framework," said Wadhwa.

"We also discussed the possibilities of expanding our cooperation in defence and counterterrorism through intensification of existing mechanism and shared similar position on several global and regional issues, including maritime security," he added.

"We previewed our engagement within ASEAN with ASEAN member states as a part of our Act East Policy, and also lent our support for chairmanship of Indonesia for the Indian Ocean Rim Association (IORA)," said Wadhwa.

Vice President M. Hamid Ansari, who is on a five-day two nation visit, also addressed a joint press conference with his counterpart Jusuf Kala.

The Vice-President said that India and Indonesia are committed to increase bilateral trade and mutual investments as well as expanding cooperation in defence and counterterrorism.

Vice-President Ansari said that the two countries were keen to expand cooperation in the energy sector, including non-conventional energy sector.

Later, the Vice President called on Indonesian President Joko Widodo.

He also met foreign Minister Retno Marsudi and the ruling party Chairperson Megha Sukarnoputri.

The Vice President will leave for Bali on Tuesday.



Indonesia News - Vice-President calls for 'efforts' to correct trade imbalance between India, Indonesia

Indonesia News.Net Monday 2nd November, 2015

Asserting that the trade and investment between India and Indonesia had remained modest despite the large size and rapid growth of both economies, Vice-President Hamid Ansari on Monday called for synergised efforts in the areas of economy and business to correct the imbalance of trade.

"Despite the large size and rapid growth of our economies, the trade and investment between India and Indonesia remains modest. There is a need to synergise our efforts in the areas of economy and business to correct the sectoral and directional imbalance of our trade and to further diversify it," Vice-President Ansari said in his address here.

"The vast consumer market, youthful and skilled human resources and expertise in the field of Information Technology of India coupled with Indonesia's natural resources, youthful population and strategic location would provide a platform for enhanced economic engagement," he added.

The Vice-President further said that there is a considerable potential for expanding trade in the areas of automotive components, automobiles, engineering products, IT, pharmaceuticals, bio-technology and healthcare sectors between both countries.

"Given their strategic significance, infrastructure development and energy, both traditional and renewable, are key areas for enhancing our cooperation," he added.

Stressing on the need to encourage private sectors in both countries to make mutual investments in infrastructure and manufacturing sectors, Vice-President Ansari said that both governments are willing to provide a predictable and comprehensive legal and taxation frame-work for the same.

The Vice-President will depart for Bali on Tuesday.

Vice President Ansari arrived here for his five-day two-nation official visit to Indonesia and Brunei on Sunday

Indonesia is the first stopover for the Vice President, who is there at the invitation of his Indonesian counterpart Jusuf Kalla.



Indonesia News - India looks forward to Indonesia's support as part of Act East policy

Indonesia News.Net Monday 2nd November, 2015

Vice President M. Hamid Ansari today said that the country looked forward to the support of Indonesia as India moved forward with its Act East Policy.

"Indonesia is the largest ASEAN member and India looks forward to its continued support as we move to increase our engagement with ASEAN member states as part of our Act East policy," Vice President said while addressing a joint press conference with his Indonesian counterpart Jusuf Kalla here.

"We congratulate the Government of Indonesia for successfully organising the 60th Asian African Conference Commemoration in April 2015 and for assuming chairmanship of Indian Ocean Rim Association (IORA) last week," he added

Under the new leadership in Delhi, India's Look East policy was morphed into a proactive Act East policy, which envisages accelerated across-the-board engagement between the two growth poles of a vibrant Asia.

In an attempt to intensify India's Act East Policy, Prime Minister Narendra Modi will make his maiden trip to Myanmar from November 11 to 14 to attend his first India-ASEAN summit and the 18-nation East Asia Summit.

The focus of this summit will be on pitching this crucial multi-layered relationship with this economically renascent region, which is home to around 600 million people and accounts for USD 2.5 trillion GDP, onto a higher trajectory.

Commerce, Culture and Connectivity are the three pillars of India's robust engagement with the ASEAN. In the economic arena, the India-ASEAN relations are poised to scale new frontiers. The two sides are expected to sign an India-ASEAN FTA in services and investments soon.

 

[pr1v4t33r]

Program Tol Laut Resmi di Luncurkan

 

[MarveL]

French investor to build hydro power plant in West Aceh
Thursday, 05 November 2015, 21:12 WIB

REPUBLIKA.CO.ID, MEULABOH -- Investors from France will build a hydro power plant with a capacity of 59 megawatts in Sikundo, Pante Ceureumen, West Aceh district, Aceh province.

A representative of the Management Consortium of the Aceh Hydro Power, Stephan, said on Thursday that the investment value of the project is pegged at US$50 million.

"The project is being carried out through collaboration between the consortium and the state-owned electricity company (PLN) and its subsidiary. It is not just a foreign investor. The development process depends on the results of geological studies," he said.

According to Stephan, the plan for the construction of the hydroelectric power plant has been explored since 2011.

He further said the utilization of renewable energy sources and environmentally friendly energy is aimed at meeting the energy needs of business and potential investors, especially in Aceh Barat.

The Head of Environment and Hygiene (BLHK), Teuku Fuadi added that the hydroelectric plant utilizes the Meureubo river streams, which are connected with the Beutong Ateuh river, Nagan Raya.

After all the environmental impact assessment process has been completed and accepted by the community, and the project will be submitted to the Ministry of Environment and the Ministry of Forestry.

"There are about 54.3 hectares, which are included in protected forest areas that have proposed to the Ministry for License for Borrow and Use of Forest (IPPH). We don't know yet whether the project will be implemented in 2016 or 2017," Teuku said.

French investor to build hydro power plant in West Aceh | Republika Online

ENGLISH / MACROECONOMICS
Indonesia's GDP at 4.73 percent in Q3
Kamis, 05 November 2015 / 19:38 WIB

JAKARTA. Indonesia's economy grew by 4.73 percent in the third quarter of 2015, a slower growth rate compared to the same period last year, which was 5.01 percent, according to the Central Statistics Agency (BPS).

The growth rate improved however, compared to this year's second quarter, in which the country's economy recorded growth of 3.21 percent.

"Judging economic growth on a quarter per quarter basis, the third quarter's growth rate was faster than the second and first quarters. Hopefully it is a turning point for our economy," BPS deputy head of balance and statistics analysis, Kecuk Suhariyanto, told a press conference in Jakarta on Thursday.

The 4.73 percent growth rate in the third quarter was lower than Bank Indonesia's prediction, which said that the country's growth would stand at 4.9 percent.

Finance Minister Bambang Brodjonegoro also predicted Indonesia's GDP would grow by 4.85 percent in this year's third quarter.

Indonesia’s economy is measured based on the volume of the gross domestic product (GDP), which is based in turn on prices valid in the third quarter of 2015 and constant prices in 2010. The figures reached Rp 2.98 quadrillion (US$219.44 billion) and Rp 2.31 quadrillion, respectively.

On the production side, said Suhariyanto, the growth of Indonesia’s GDP in the third quarter was supported by almost all business sectors. Among the highest contributors included the information and communications sector, which grew by 10.83 percent year-on-year (yoy), the financial and insurance service sectors (10.35 percent) and education services (8.25 percent).

“Excluding mining excavation, all sectors recorded positive growth,” he added.

On the spending side, Indonesia’s economic growth was supported by almost all components. The highest growth rate was achieved by government consumption spending, which rose by 6.56 percent (yoy).

“Government consumption spending in the third quarter was much better than last year's third quarter, which only stood at 1.33 percent,” said Suhariyanto.

BPS also reported that Indonesia’s economic structure in the third quarter of 2015 was dominated by provincial groups in Java and Sumatra. Bali and Nusa Tenggara recorded the highest growth at 11.75 percent compared to the previous quarter. Meanwhile, Kalimantan's growth contracted 0.41 percent.

“East Kalimantan suffered the worst contraction with 3.49 percent,” he said. (Ayomi Amindoni)

Indonesia's GDP at 4.73 percent in Q3

Finland to explore cooperation in electric bus
Rabu, 04 November 2015 / 23:39 WIB

JAKARTA. The Jakarta Provincial Government is exploring opportunities to cooperate with Finland's government in the field of electric bus technology and waste water management.

The statement was delivered by Jakarta Governor Basuki Tjahaja Purnama after receiving the President of Finland, Sauli Niinisto, here on Wednesday.

"We discussed the electric bus issue. Finland already has the electric bus technology," Basuki Tjahaja Purnama said here on Wednesday.

If the electric bus technology can be implemented in Jakarta, it can be used for Transjakarta buses or other buses operating in the capital city.

"By operating an electric bus, we can save energy," he said.

"Finland has set a target to phase out vehicles using fuel by 2050. Therefore, we want to try this technology," he said.

In addition, he stated, the two sides discussed in their meeting the issue of waste water management technology, which is applied in Finland.

"Finland is one of the countries that has best management of waste water. We can learn from them," he remarked.

As a follow up to the meeting, he instructed PT Jakarta Propertindo (Jakpro) to carry out the project as a business-to-business scheme.

"We will appoint Jakpro to follow up the issue of cooperation with the Finnish in terms of waste water management. The cooperation is expected to be realized in 2016," he said.

Finland to explore cooperation in electric bus

Govt eyes Rp 130 T investment in border area
Rabu, 04 November 2015 / 07:07 WIB

JAKARTA. The government plans to attract investments worth Rp 130 trillion (US$9.6 billion) to border areas in the next five years to help propel development there.

“We will work hard to attract investment to border areas as they are the gates of international trade, the main routes for cross-border transportation and central to economic development,” said Villages, Disadvantaged Regions and Transmigration Minister Marwan Jafar on Tuesday.

According to Marwan, special regulation was key, especially for easing the process of attaining permits. Although the regulation could be issued as a ministerial regulation or presidential instruction, Marwan said he would prefer a separate law.

“We can draft a law on disadvantaged-regions development and add a special investment regulation for border areas as part of it,” Marwan told thejakartapost.com.

He also said that regional governments in border areas were all in support of his plan. They enthusiastically welcomed the development plans he said, agreeing that investment would indeed benefit them.

"Three governors and 12 regents from Kalimantan and Riau Islands have signed a memorandum of understanding with the ministry," said Marwan.

The ministry has started developing infrastructure in border areas this year, including comprehensive integrated transmigration to border areas. In the near future, it plans to develop integrated plantations and livestock farms to boost regional economic growth.

“One of our programs is the planting of 1 million hectares of rice paddies near Papua’s border. We've currently completed 30,000 hectares,” said Marwan, adding that the ministry also planned to develop plantations in Kalimantan.

Govt eyes Rp 130 T investment in border area

 

[pr1v4t33r]

 

[Nike]

British tourist arrivals to Bali increase 25.29%
Jumat, 6 November 2015 19:24 WIB | 162 Views

Photo document of foreign tourists in the International Terminal Ngurah Rai Airport, Denpasar, Bali. (ANTARA/Nyoman Budhiana)

Denpasar (ANTARA News) - British tourist arrivals to Bali Island increased by 25.29 percent, which is high as compared to other countries in the face of the global economic slowdown, according to the Bali Government Tourism Office.

"This is an encouraging trend for tourism in Bali that the economic growth is still conducive, and increasing number of British tourists are travelling to Bali," Bali tourism observer Made Sudana stated here, Friday.

Based on the list of foreign tourist arrivals to Bali, 119,839 British tourists directly arrived in Bali in the January-September 2015 period. The number increased by 25.29 percent compared to 95,652 tourists noted in the same period last year.

He admitted that foreign tourists, predominantly Australian, Chinese, and Japanese, visited Bali.

"However, the number of travelers from Europe has started to increase," he pointed out.

Based on information provided by the Bali Government Tourism Office, Britain was placed fifth in the list of foreign tourist arrivals to Bali and constituted about four percent of the 2.9 million tourists visiting Bali during this period.

From the European region, most tourists arrived in Bali from Britain followed by France, Germany, and the Netherlands. A total of 622,486 tourist arrivals were recorded from the European region in the January-September 2015 period.

As many as 99,851 French tourist arrivals were recorded followed by Germany, with 89,190 tourists, and the Netherlands, with 62,015 travelers during the same period.

The number of Germans visiting Dewata Island grew by 13.27 percent compared to only 78,744 people recorded in 2014. However, tourist arrivals from the Netherlands grew 7.36 percent of only 57,761 visitors earlier recorded.

Based on Sudanas opinion, tourism growth in Bali is the result of hard work of the government and other tourism agencies through active promotion of its tourism by holding art performances and participating in various exhibitions in Europe.

(Reported by IK Sutika/Translated by Roy Rosa B./INE/KR-BSR/F001)

British tourist arrivals to Bali increase 25.29% - ANTARA News

 

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Kapal pengangkut ternak pertama di Indonesia diresmikan. Dibuat di galangan kapal Madura, sekarang kirim-kirim sapi dari NTT ke Jawa jadi gampang.

Hari Ini Jokowi Resmikan Kapal Khusus Angkut Sapi - Surya

 

[acelaw]

TRANS SULAWESI RAILWAY

• the railway tracks were imported from China
• these tracks for the line are wider than that in Java, so the train capacity is bigger and can travel at a higher speed (up to 200 km/h)

Quote:
Originally Posted by Namewee

Pekerja melintasi bantalan jalur kereta api trans Sulawesi di Pekkae, Barru, Sulawesi Selatan, Senin (9/11). Pengerjaan jalur kereta api ruas Makassar-Parepare sejauh 146 kilometer diperkirakan selesai tahun 2017. ANTARA/Sahrul Manda Tikupadang/ip

Sumber : http://foto.metrotvnews.com/view/201...i-selesai-2017