Indonesia Economy Forum

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Indonesia, Canada agree to strengthen economic cooperation
Senin, 16 November 2015 04:45 WIB | 1.018 Views

Antalya, Turkey (ANTARA News) - Indonesia and Canada have agreed to intensify cooperation in various fields, particularly in the economic field.

"We want to strengthen the cooperation between Indonesia and Canada," President Joko Widodo (Jokowi) said after holding a bilateral meeting with Canadian Prime Minister Justin Trudeau on the sidelines of the G20 Summit, here, Sunday.

President Jokowi was accompanied by Foreign Affairs Minister Retno Marsudi, Minister/State Secretary Pratikno and Finance Minister Bambang Brodjonegoro, in hist first meeting with Prime Minister Trudeau.

"We want to strengthen the relations with the country having the worlds largest Muslim population," the Canadian prime minister said.

Later, Jokowi is scheduled to hold a bilateral meeting with Chinese President Xi Jin Ping.

Turkish Prime Minister Recep Tayyip Erdogan is expected to officially open the G20 Summit on Sunday at noon local time.

The Summit will have three main agenda, namely a working lunch themed "Development and Climate Change", a working session themed "Inclusive Growth : Global Economy, Growth Strategies, Employment and Investment Strategies" and a working dinner themed "Global Challenges : Terrorism, Refugee Crisis".

President Jokowi and First Lady Iriana Joko Widodo will leave Turkey on Sunday at 11:30 p.m. local time, and arrive in Jakarta on Monday (Nov. 16) at 7:30 p.m. Western Indonesian Standard Time (WIB).(*)

 

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President Jokowi inaugurates biggest fertilizer plant in SE Asia
Kamis, 19 November 2015 19:07 WIB | 418 Views

President Joko Widodo (Jokowi) review the operation of the plant after the inauguration V Fertilizer East Kalimantan, in Bontang, East Kalimantan, Thursday. (ANTARAO/Wahyu Putro A.)

Bontang (ANTARA News) - President Joko Widodo (Jokowi) inaugurated the Kaltim V fertilizer plant, the biggest in Southeast Asia, in East Kalimantan on Thursday.

"This factory will strengthen Indonesias position in the international market," PT Kalimantan Timur President Director Aas Asikin Idaf said in Bontang, East Kalimantan, during the inauguration of the new plant, which is the first realization of the governments program to revitalize fertilizer industry in the country.

The event was also attended by State Enterprises Minister Rini Soemarno, Industry Minister Saleh Husin and the Head of the National Development Planning Board (Bappenas) Sofyan Djalil.

Idaf said the PT IKPT-Toyo consortium had handed over the plant worth US$576 million in investment on November 9.

The plant has started production well at a capacity of 825,000 tons of amonia and 1.5 million tons of urea per year to make the production capacity of PT PKT increase to 2.74 million tons of amonia and 3.43 million tons of urea.

Kaltim V is the biggest energy-saving plant in Indonesia and even in Southeast Asia, he said.

He said the plant saves the use of gas by 14 one million British Thermal Units (mmbtu), compared with the use of gas by the existing plant. "With the assumed price of gas at US$7 we could save up to Rp1.5 trillion per year in raw materials," he said.

He added that the new factory had absorbed 250 workers in addition to 6,000 workers during its construction.

Besides inaugurating the Kaltim V plant, President Widodo also opened the Phosphate Acid Plant II worth US$203 million in investment belonging to PT Petrokimia Gresik (Petrogres) in East Java to curb imports of raw materials for NPK fertilizer.

PT PKT and Petrogras are the subsidiaries of PT Pupuk Indonesia Holding Company (PIHC) in addition to seven other state-owned companies joining in PIHC.

PIHC President Director Arifin Tasrif said his company is now studying many other investment projects to make the state-owned fertilizer company a world player to support not only national food sovereignty, but also to compete in the international market.

The projects to be carried out include phosphate acid and sulphur acid plants in Bontang, East Kalimantan, worth US$225 million, which is a cooperation project between PT PKT and the Jordan Phosphate Mines Company that carried out the signing of a memorandum of understanding before the President that day.

Through PT PKT, PIHC will also build a nitrate ammonium plant worth US$124 million for mining, construction and defense industries in cooperation with state-owned PT Dahana.

Arifin reported that projects completed this year include an NPK fertilizer company in Cikampek, West Java (PT Pupuk Kujang), the purchase of an ammonia vessel worth a capacity of 13,800 tons through PT Pupuk Indonesia Logistik, which will help save US$2 million in distribution costs.

Among the projects that are still underway are the Amurea II project with a capacity of producing 660,000 tons of ammonia and 570,000 tons of urea in East Java (Petrogres) and the Pusri II B fertilizer plant, with a capacity of 660,000 tons of ammonia and 907,500 tons of urea per year in Palembang, South Sumatra.

"All the projects are part of our efforts to support the governments program of increasing food resilience," he said.

During his speech, President Joko Widodo underlined the importance of fertilizer factories with regards to supporting the governments target of meeting food needs and exports.

"The states strategy is meeting food needs in the next three to four years is that the country must be able to export (food) and this requires support from fertilizer industry," he said.

(Reporting by Risbiani Fardaniah/Uu.H-YH/INE/KR-BSR/A014)

President Jokowi inaugurates biggest fertilizer plant in SE Asia - ANTARA News

 

[pr1v4t33r]

 

[Nike]

Btw this kind of factory can easily ßupported our arms industry by providing large quantity of explosive raw materials

@pr1v4t33r @Indos @Jakartans@PkDef

 

[Indos]

Btw this kind of factory can easily ßupported our arms industry by providing large quantity of explosive raw materials

@pr1v4t33r @Indos @Jakartans@PkDef

Madokaft sholat shubuh ya tadi pagi........enggak disangka he he

 

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Indonesia second best trade and investment hub in region
Jumat, 20 November 2015 13:22 WIB | 622 Views

Jakarta (ANTARA News) - A survey by Price Waterhouse Coopers (PwC) over 800 company leaders in Asia Pacific named Indonesia the second best trade and investment hub in the region after China.

Head of the Capital Investment Coordinating Board (BKPM) Franky Sibarani said the survey showed that business leaders in the region still have strong confidence in investment climate in Indonesia.

"The governments response is important as the confidence has to be managed properly mainly by providing information about the governments investment policy," Franky said.

The survey showed Indonesia is ahead of Singapore which is long considered as a trade and investment hub in the region.

Only 46 percent of the business leaders saying they would invest more in Singapore in the next 12 months, as against 52 percent planning to invest in Indonesia and 53 percent in China.

Franky described as significant the interest shown by the business leaders as capital inflows to the Asia Pacific region is already high.

"The survey said decline in foreign capital inflows to the Asia Pacific region is natural this year after peaking last year," he said.

The PWC survey also said that altogether 68 percent of new investment would flow to APEC countries leaving only 32 percent to other countries in the world.

Franky said the position of Indonesia as shown by the survey could serve to encourage the government to boost efforts to increase investment into the country.

"Vice President Jusuf Kala in the Chief Executive Officer (CEO) summit on Wednesday spoke about the responses of the Indonesian government to global change by launching deregulation measures to create more conducive investment climate in the country," he said.

Investment by other member countries of APEC dominate investment inflow to Indonesia, Franky said.

Based on BKPM data of investment realization , in the past five years APEC countries among 20 biggest investing countries, contributed 77.5 percent to total value of US$76 billion of foreign investment.

BKPM also recorded that investment from APEC countries has continued to increase.

Investment by other APEC countries in Indonesia in 2010, totaled US$9.2 billion , rising to US$10.5 billion in 2011 and to US$12.8 billion in 2012, to US$16.1 billion in 2013.

In 2014, the investment fell slightly to US$15.1 billion .

In the first nine months of 2015, the investment reached US$11.9 billion.(*)

Indonesia second best trade and investment hub in region - ANTARA News

 

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PT Inka wins tender worth Rp900 billion
Jumat, 20 November 2015 21:29 WIB | 344 Views

Madiun, E Java (ANTARA News) - PT Industri Kereta Api (INKA) in Madiun, East Java, has won a bid to build 150 units of passenger coaches worth US$72 million in Bangladesh.

"We won the tender because PTINKA could meet technical as well as quality requirements sought by the government of Bangladesh," the commercial and technology director of the state-owned railway industry, Yunendar Aryo Handoko, told newsmen here on Friday.

He said the price offered by PT INKA could also compete with what was quoted by rivals from China and India. Bangladesh also could not meet the prices offered by Japan and a number of European countries.

Yunendar said the tender contract was received in November 2014 and deliveries would be made in stages until the end of 2016.

"In the initial stage, 11 of the 150 coaches ordered would be delivered in February 2016. The rest will be delivered in stages until the end of 2016, according to the contract, " he said.

He said construction of the coaches to be delivered as the first tranche was 70 percent over and he was optimistic that the first delivery would be made in February 2016.

To check the progress of the construction, a Bangladeshi railway delegation visited PT INKA twice, in January 2015 and November 20, 2015.

"The delegation from Bangladesh visited PT INKA to see the development of the construction of the coaches as well as to approve components that would be used in the coaches," he said.

Yunendar said the visit of the Bangladeshi delegation was very important for PT INKA because if the order could be fulfilled smoothly, PT INKA would also get an order to build 250 more units.

"Right now, preparations are still being made for the next tender for the construction of 250 units of coaches. The contract is valued at US$150 million," he said.(*)

PT Inka wins tender worth Rp900 billion - ANTARA News

 

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Indonesia considers Japan as strategic partner in tourism
Jumat, 20 November 2015 10:26 WIB | 655 Views

Osaka, Japan (ANTARA News) - Deputy to the Minister of Tourism for Development of International Marketing, Igde Pitana, here on Thursday said Indonesia considers Japan as its strategic partner in developing the national tourism sector.

Pitana pointed out that in 2014 the number of Japanese tourists to Indonesia reached more than 500,000 people.

In 2015, the number is predicted to increase and in 2016, it is estimated to go up to 600,000 tourists from Japan.

"The Japanese tourists like Indonesian culture very much, because it has various kinds," he remarked.

Japan is expected to include in the biggest five of countries whose tourists visit Indonesia after Singapore, Malaysia, China and Australia.

In 2019, the number of Japanese tourists is expected to reach 1 million people. Moreover, the Indonesian government has issued a policy on free visa for short visit for Japanese tourists.

They will get free visa for 30 days. Japan is one of 90 countries that receive free visit-visa to Indonesia.

In the meantime, Indonesian Consul General in Osaka, Wisnu Edi Pratignyo, said he is optimistic that the Japanese tourists will keep on coming to Indonesia.

"While Japan also has the potential to invest in the tourism sector. So, Japan in Indonesia does not only invest in the automotive and electronic industries. They will enter the tourism sector," Wisnu said.

The Indonesian Ministry of Tourism held a media conference under the theme "Indonesia Tourism Insight: Policy and Strategy" in Osaka, on November 19, 2015.

The conference is aimed at disseminating new policies on tourism that will make Japanese tourists easier to Indonesia.

The new policy concerns the provision of free visa for short visit for Japanese tourists who will take vacation in Indonesia.(*)

Indonesia considers Japan as strategic partner in tourism - ANTARA News

 

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Rappler Talk: Indonesia Trade Minister on Asian economic outlook

 

[Nike]

well when i am trying to find musics, i found her albums. Quite catchy and her name is very Hindic, with oriental face like me

isyana sarasvati

and i found her background is really from music school and had been dedicated herself for her career since young. A professional ones

 

[Nike]

TUESDAY, 24 NOVEMBER, 2015 | 09:14 WIB
Japan Investment Potential in Indonesia Remains High
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TEMPO.CO, Jakarta-The trust that the Japanese investors repose in Indonesia’s investment potential remains high, Capital Investment Coordinating Board (BKPM) chief Franky Sibarani has said.

Japan once again displayed the high trust it places in Indonesia’s investment potential through the arrival in Indonesia of a 1,000 strong Japanese business delegation in the evening on Monday, November 23.

"I think the 1,000 member delegation from Japan is the biggest ever from any country. The delegation will be received by the President," Franky said in a written statement, on Monday.

The Japanese business delegations visit followed close on the heels of a meeting between President Joko Widodo and Japanese Prime Minister Shinzo Abe during the ASEAN Summit in Kuala Lumpur over the weekend.

President Jokowi is expected to receive the visiting Japanese delegation which is led by the Japan-Indonesia Parliament League. It consists of Japanese entrepreneurs and important Japanese figures.

Franky said it will be a positive visit from the investment aspect because it shows that the Japanese confidence in Indonesian investment potential is still strong, though there were many factors that could have discouraged them, including the failure of Japan to secure a fast train project in Indonesia.

President Jokowi had earlier met with Japans Prime Minister Shinzo Abe at Kuala Lumpur Convention Center on Sunday. The meeting, aimed to boost further cooperation between the two countries, was constructive. The summit meeting took place at a meeting room at the KLCC.

"This shows that strong cooperation between Indonesia and Japan will continue and will become even better," the President said to newsmen on the sidelines of the ASEAN Summit.

He said, "I have conveyed that all investments in infrastructure, manufacturing and industries will proceed well."

Prime minister Abe said the relations between the two countries have been very good and Indonesia is Japans strategic partner.

He hoped the two countries would continue to cooperate closely in various sectors.

President Jokowi said he would in the near future meet with Japanese businessmen as well as former Japanese Prime Minister Fukuda and the chairman of the Indonesia-Japan Parliamentary League, Toshihiro Nikai.

Based on data of the BKPM, Japan was ranked third on the list of investors who realized their projects in the January-September 2015 period with investment reaching 1,318 projects, valued at US$2.5 billion.

Japan was ranked third on the list of investors after Singapore and Malaysia, respectively.

Singapore realized 1, 999 projects worth US$3.55 billion, followed by Malaysia with 600 projects valued at US$2.9 billion. South Korea was ranked fourth with 1,529 projects accounting for US$1 billion and the Netherlands was in the fifth place with 301 projects worth US$908 million.

In the October 22 to November 20, 2015 period, the Japanese investment commitment and interest was recorded at US$19 billion. Of this, secured principle licenses amounted to US$6 billion.

Some US$3.1 billion of the investment interest and commitment has been categorized as serious and principle licenses are expected to be issued.

ANTARA
Japan Investment Potential in Indonesia Remains High | Economy & Business | Tempo.Co :: Indonesian News Portal

 

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Merah Putih Bridge

 

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Pertamina, Saudi Aramco to increase capacity of Cilacap refinery
Selasa, 24 November 2015 17:54 WIB | 1.286 Views

Jakarta (ANTARA News) - Indonesias state-owned energy company PT Pertamina has agreed to partner with Saudi Aramco to maximally develop the capacity of the oil refinery in Cilacap, Central Java.

"We will remain the majority shareholder in the joint venture. Pertamina will hold 55 to 60 percent of the shares," Pertaminas President Director, Dwi Soetjipto, stated here on Tuesday.

At the Pertamina Energy Forum 2015 event, Dwi noted that the agreement will be signed on November 26, 2015.

Dwi further affirmed that once the cooperation agreement is inked, the production capacity of the refinery in Cilacap will be increased from 260 thousand barrels per day (bpd) to 360 thousand bpd.

He remarked that Pertamina will increase its capital to hold 55 percent of the shares.

The investment in the joint venture amounts to US$5.5 billion, which comprises assets and cash money. Pertamina will contribute US$3.02 billion to US$3.3 billion.

Dwi stated that the initial investment will only be around 15 percent to be allocated for engineering, while the rest will be disbursed in stages.

Octane 92 or RON 92 gasoline will be produced by the Cilacap refinery.

"If the market demand for RON 88 is high, we will also produce it," he noted.

Under the agreement, both Saudi Aramco and Pertamina will be able to carry out exports based on their respective share, but only if there is surplus production.

Surplus production is possible only if several people invest in refineries in Indonesia, and the potential opportunity for it always exists, he claimed. (*)


Pertamina, Saudi Aramco to increase capacity of Cilacap refinery - ANTARA News


five billions US dollar investement

 

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Pertamina, Indonesia's national oil company currently building 10, 17.500 Ton tankers using 4 national shipyards. 2 build by PT. PAL, 2 build by PT. Anggrek HItam, 3 build by Multi Ocean Shipyand, and 3 build by Daya Radar Utama.

Pembangunan Kapal Tanker Pertamina - Foto ANTARA News

 

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Top 10 Megahubs in Asia Pacific

Soekarno-Hatta airport named Asia's largest megahub | The Jakarta Post