MarveL
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Actually most of it still consist of domestic numbers, wes should have a huge leap progress in infrastructures to reach the true megahubs.
Indonesia Economy Forum
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Actually most of it still consist of domestic numbers, wes should have a huge leap progress in infrastructures to reach the true megahubs.
pr1v4t33r
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Indeed. But it's doesn't matter, since Indonesia is actually a collection of nations, Indonesia is in a sense, a united nations of Indonesia.
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Chinese Firm to Kick Off Construction on Bintan Bauxite Smelter in Januaryi
Jakarta. Shandong Nanshan Aluminium, China's second-largest aluminum producer, will start construction on its $2 billion manufacturing complex in Bintan, Riau Islands, in January.
The company is set to build a smelter, dams and a 2,800-megawatt power plant to produce aluminium ingots, powder, foil and sheet, Riau interim governor Agung Mulyana said on Thursday.
"It has been decided that we will establish a 2,000-hectare industrial complex in Bintan," he said, adding that the company would source bauxite from Kalimantan.
The plant is estimated to create between 7,000 to 9,000 jobs for local residents and 2,000 positions to be filled by foreign workers.
The company provided no information on the facility's maximum capacity, but earlier reports suggested that Nanshan aimed to produce 2.1 million tons of alumina and 570,000 tons of aluminum ingots each year.
Riau would also benefit from 300 megawatts of excess power from the plant, Agung said.
Still, when the project was first announced in 2013, the government said Nanshan Aluminium would invest $5 billion and complete construction by October 2016.
Agung declined to elaborate on the reasons behind Nanshan's drop in investment or on the delay.
Nanshan Aluminum is listed in the Shanghai Stock Exchange and reported more than $16 billion in revenue last year. The company sells its products to Australia, America, Canada, Italy, Singapore and Hong Kong.
Indonesia's ban on mineral ore exports has choked supply of bauxite for China, which until last year sourced most of its ore from Indonesia.
Indonesia Asahan Aluminum (Inalum) now operates the country's only aluminium smelter in Kuala Tanjung, North Sumatra.
Chinese Firm to Kick Off Construction on Bintan Bauxite Smelter in January | Jakarta Globe
BREAKING: Indonesia Tax Boss Resigns as Revenue Will Miss Target
Jakarta. Sigit Priadi Pramudito, the director general at the country's tax office, has handed in his resignation, Finance Minister Bambang Brodjonegoro said late on Tuesday.
"Yes [Sigit resigned from his post]," Bambang said. "We have inaugurated Ken [as the acting director general of the ministry's taxation office]."
Bambang referred to Ken Dwijugiasteadi, a senior official at the ministry, who previously held the position of assistant to the finance minister for tax regulation and enforcement.
The tax directorate general has estimated a likely shortfall of up to Rp 150 trillion ($10.9 billion) in tax revenue collection for this year out of the Rp 1,294.3 trillion set in the revised 2015 state budget.
In October, Sigit was reportedly already apologizing as it became clear that tax revenue would miss the target.
BREAKING: Indonesia Tax Boss Resigns as Revenue Will Miss Target | Jakarta Globe
a good example for other bureaucrat in Indonesia
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RI stable amid global financial
shocks: Moody’s
Prima Wirayani, The Jakarta Post | Business | Fri, December 04 2015, 5:39 PM
Indonesia has sufficient capacity to cushion the impact of financial turbulence resulting from the looming rise in the Federal Reserve interest rate and the slowdown in China’s economy, according to Moody’s Investors Service.
Given the positive outlook and strong fiscal metrics, the international ratings agency has kept Indonesia’s sovereign credit Baa3.
“We see basically a stalling [in the rating] instead of an improvement that we saw prior to 2012,” said Moody’s vice president and senior analyst Christian de Guzman on Thursday.
Data from Moody’s shows that Indonesia’s sovereign credit has stalled at Baa3 since 2012. The upward trajectory of the rating between 2009, in which the country was rated Ba3, and 2012, paused due to Indonesia’s slowing growth rate and trade data, the report read.
The Central Statistics Agency (BPS) announced in early November that Indonesia’s year-on-year (yoy) GDP growth stood at 4.73 percent for the July-September period, a slight increase from the 4.67 percent posted in the second quarter and the 4.72 percent recorded in the first three months of the year.
The third quarter’s figure was below market consensus and estimates by the government and Bank Indonesia (BI), which mostly placed the growth range at 4.8 to 4.85 percent.
Moody’s predicts that Southeast Asia’s largest economy will expand by 4.7 percent this year, lower than the government’s target of 5 percent.
The growth rate, though lower than the government’s target, remains comparatively high compared to other emerging markets.
The agency attributed the country’s resilience to its large foreign exchange reserves.
However, Indonesia’s foreign exchange reserves have fallen 10 percent to US$100.7 billion this year through to October, according to Bloomberg data.
To bolster its foreign exchange reserves and to “prefund” next year’s state budget, the government on Wednesday issued US dollar denominated bonds worth $3.5 billion. Indonesia last sold dollar bonds in January worth $4 billion.
Christian said the prefund was merely the government’s effort to secure funding to prevent uncertainties in regards to the Fed’s potential rate raise in mid December.
“We see this as a prudent measure,” he said.
However, Moody’s warned that Indonesia’s reliance on external debts and portfolios could increase its vulnerability to adverse global shocks. It noted that the country’s external vulnerability index (EVI), predicted to stand near 80 percent by this end of this year, was the highest among its ASEAN peers.
Moody’s EVI takes into account short-term external debts, currently maturing long-term debts and non-resident deposits over one year as a share of foreign exchange reserves and expresses these variables as a percentage.
The agency advised that external financing should be largely met by foreign direct investment into the country.
The government currently tries to attract foreign investment into the country by offering tax incentives, reducing bureaucratic red tape and ensuring measured workers’ wages hikes.
The efforts seem to be working. The Investment Coordinating Board (BKPM) recorded Rp 400 trillion in investment as of September, a 16.7 percent increase from last year’s Rp 342 trillion and a more than a 75 percent increase from this year’s target of Rp 519.5 trillion.
- See more at: RI stable amid global financial shocks: Moody’s | The Jakarta Post
Papua expects rapid investment
growth
Ayomi Amindoni, The Jakarta Post, Jakarta | National | Fri, December 04 2015, 9:36 PM
- See more at: Papua expects rapid investment growth | The Jakarta Post
Investment to the country’s easternmost province is increasing at a rapid pace, as Papua’s provincial government expects both domestic and foreign direct investment (FDI) to grow stronger in 2016.
Increasing investment from within and outside of Indonesia was fostering economic development and helping small and medium enterprises (SMEs) in Papua, said Muhammad Musaad, the head of Papua’s Regional Development Planning Board (Bappeda).
The increase in investment had significantly reduced unemployment, open up business opportunities and increased people's income, Musaad explained, adding that the realization of investment in Papua reached US$ 41.13 billion of FDI and Rp 33.32 trillion of domestic direct investment in 2014.
In the first half of 2015, Papua’s economy grew by 7.26 percent from the same period last year. "This figure exceeds the average national growth," Musaad pointed out. The unemployment rate in Papua stood at 3.7 percent of the total workforce as of February 2015, far below the national average rate of 5.8 percent.
"We expect investment to grow by 20 to 25 percent next year," Musaad said in Jakarta on Friday at an event called “Papua Investment Year 2016”.
He added that the province’s macro-economic conditions were very supportive for turning Papua into a center of industrial growth and investment.
In terms of natural resources, Musaad added, Papua had various potential resources, including mining, forestry and tourism. These were the biggest contributors to income in Papua, he said.
Meanwhile, agriculture, fisheries and the plantation sector had not been fully developed, the official acknowledged, despite the fact that Papua had vast land and sea territories.
To ensure continued progress on investment, Papua’s provincial government introduced several key policies, including designating and offering extra support for five centers of economic development, namely Mamta, Saereri, Mee Pago, La Pago and Anim Ha.
"In line with [this policy], the provincial government has proposed special economic zones (KEK) to the central government, which has responded by preparing a food-industry based KEK in Merauke and a mining-based KEK in Mimika," he said, adding that to improve the business climate, the local administration had established a unified licensing and investment body.
The Papuan government has decided to develop specific commodities in certain areas. Canning, fisheries and tourism will be developed in Saereri, Cendrawasih Bay. The palm oil, coconut, chocolate and tourism industries will be developed in Mamta, North Mainland. Sago, coffee, sweet potatoes and tourism will be developed in Mee Pago in the West Central Mountains, while La Pago in the East Central Mountains will develop coffee, red fruit, sweet potatoes, horticulture, livestock and tourism as its key drivers of economic development. Meanwhile, Anim Ha, South Mainland, will develop rice, sugarcane, oil palm, rubber, fisheries and livestock industries.
The provincial government also encourages community and village-based economic development through SMEs. "We have declared 2016 the Papua investment year. We believe Papua is a prospective place to invest in," Musaad said. (bbn)
- See more at: Papua expects rapid investment growth | The Jakarta Post
shocks: Moody’s
Prima Wirayani, The Jakarta Post | Business | Fri, December 04 2015, 5:39 PM
Indonesia has sufficient capacity to cushion the impact of financial turbulence resulting from the looming rise in the Federal Reserve interest rate and the slowdown in China’s economy, according to Moody’s Investors Service.
Given the positive outlook and strong fiscal metrics, the international ratings agency has kept Indonesia’s sovereign credit Baa3.
“We see basically a stalling [in the rating] instead of an improvement that we saw prior to 2012,” said Moody’s vice president and senior analyst Christian de Guzman on Thursday.
Data from Moody’s shows that Indonesia’s sovereign credit has stalled at Baa3 since 2012. The upward trajectory of the rating between 2009, in which the country was rated Ba3, and 2012, paused due to Indonesia’s slowing growth rate and trade data, the report read.
The Central Statistics Agency (BPS) announced in early November that Indonesia’s year-on-year (yoy) GDP growth stood at 4.73 percent for the July-September period, a slight increase from the 4.67 percent posted in the second quarter and the 4.72 percent recorded in the first three months of the year.
The third quarter’s figure was below market consensus and estimates by the government and Bank Indonesia (BI), which mostly placed the growth range at 4.8 to 4.85 percent.
Moody’s predicts that Southeast Asia’s largest economy will expand by 4.7 percent this year, lower than the government’s target of 5 percent.
The growth rate, though lower than the government’s target, remains comparatively high compared to other emerging markets.
The agency attributed the country’s resilience to its large foreign exchange reserves.
However, Indonesia’s foreign exchange reserves have fallen 10 percent to US$100.7 billion this year through to October, according to Bloomberg data.
To bolster its foreign exchange reserves and to “prefund” next year’s state budget, the government on Wednesday issued US dollar denominated bonds worth $3.5 billion. Indonesia last sold dollar bonds in January worth $4 billion.
Christian said the prefund was merely the government’s effort to secure funding to prevent uncertainties in regards to the Fed’s potential rate raise in mid December.
“We see this as a prudent measure,” he said.
However, Moody’s warned that Indonesia’s reliance on external debts and portfolios could increase its vulnerability to adverse global shocks. It noted that the country’s external vulnerability index (EVI), predicted to stand near 80 percent by this end of this year, was the highest among its ASEAN peers.
Moody’s EVI takes into account short-term external debts, currently maturing long-term debts and non-resident deposits over one year as a share of foreign exchange reserves and expresses these variables as a percentage.
The agency advised that external financing should be largely met by foreign direct investment into the country.
The government currently tries to attract foreign investment into the country by offering tax incentives, reducing bureaucratic red tape and ensuring measured workers’ wages hikes.
The efforts seem to be working. The Investment Coordinating Board (BKPM) recorded Rp 400 trillion in investment as of September, a 16.7 percent increase from last year’s Rp 342 trillion and a more than a 75 percent increase from this year’s target of Rp 519.5 trillion.
- See more at: RI stable amid global financial shocks: Moody’s | The Jakarta Post
Papua expects rapid investment
growth
Ayomi Amindoni, The Jakarta Post, Jakarta | National | Fri, December 04 2015, 9:36 PM
- See more at: Papua expects rapid investment growth | The Jakarta Post
Investment to the country’s easternmost province is increasing at a rapid pace, as Papua’s provincial government expects both domestic and foreign direct investment (FDI) to grow stronger in 2016.
Increasing investment from within and outside of Indonesia was fostering economic development and helping small and medium enterprises (SMEs) in Papua, said Muhammad Musaad, the head of Papua’s Regional Development Planning Board (Bappeda).
The increase in investment had significantly reduced unemployment, open up business opportunities and increased people's income, Musaad explained, adding that the realization of investment in Papua reached US$ 41.13 billion of FDI and Rp 33.32 trillion of domestic direct investment in 2014.
In the first half of 2015, Papua’s economy grew by 7.26 percent from the same period last year. "This figure exceeds the average national growth," Musaad pointed out. The unemployment rate in Papua stood at 3.7 percent of the total workforce as of February 2015, far below the national average rate of 5.8 percent.
"We expect investment to grow by 20 to 25 percent next year," Musaad said in Jakarta on Friday at an event called “Papua Investment Year 2016”.
He added that the province’s macro-economic conditions were very supportive for turning Papua into a center of industrial growth and investment.
In terms of natural resources, Musaad added, Papua had various potential resources, including mining, forestry and tourism. These were the biggest contributors to income in Papua, he said.
Meanwhile, agriculture, fisheries and the plantation sector had not been fully developed, the official acknowledged, despite the fact that Papua had vast land and sea territories.
To ensure continued progress on investment, Papua’s provincial government introduced several key policies, including designating and offering extra support for five centers of economic development, namely Mamta, Saereri, Mee Pago, La Pago and Anim Ha.
"In line with [this policy], the provincial government has proposed special economic zones (KEK) to the central government, which has responded by preparing a food-industry based KEK in Merauke and a mining-based KEK in Mimika," he said, adding that to improve the business climate, the local administration had established a unified licensing and investment body.
The Papuan government has decided to develop specific commodities in certain areas. Canning, fisheries and tourism will be developed in Saereri, Cendrawasih Bay. The palm oil, coconut, chocolate and tourism industries will be developed in Mamta, North Mainland. Sago, coffee, sweet potatoes and tourism will be developed in Mee Pago in the West Central Mountains, while La Pago in the East Central Mountains will develop coffee, red fruit, sweet potatoes, horticulture, livestock and tourism as its key drivers of economic development. Meanwhile, Anim Ha, South Mainland, will develop rice, sugarcane, oil palm, rubber, fisheries and livestock industries.
The provincial government also encourages community and village-based economic development through SMEs. "We have declared 2016 the Papua investment year. We believe Papua is a prospective place to invest in," Musaad said. (bbn)
- See more at: Papua expects rapid investment growth | The Jakarta Post
MarveL
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SUNDAY, 06 DECEMBER, 2015 | 16:38 WIB
Indonesia Launches Emission Account System at COP21
TEMPO.CO, Paris - On the sidelines of the Global Landscape Forum (GLF) held in Paris, France, the Environment and Forestry Ministry launched the Indonesian National Accounting Carbon System (INCAS) aimed at watching carbon emissions resulted from land utilizations and conversions.
The launch of the carbon accounting system was led by Presidential Special Emissary for Climate Change Rachmat Witoelar with Australian Environment Minister Greg Hunt and CIFOR General Director Peter Holmgren.
Witoelar in his speech said that the carbon accounting emission would be based and data provided by the National Institute of Aeronautics and Space (LAPAN) to help Indonesia achieving emission reduction target by 29 percent by 2030.
“We’re committed reduce emission to 29 percent [emission reduction] target, and this system will be very helpful,” Witoelar added.
Witoelar also expressed his appreciation to CIFOR and the Australian Aid for supporting the Indonesian Environment and Forestry Ministry to complete the system. INCAS, Witoelar added, was a unit under the Ministry’s Research, Development and Innovation Agency.
Mr. Hunt said that the INCAS researcher team had put their best efforts and hard works to build the publicly accessible system.
“This is a huge progress in the carbon emission accounting system, and Indonesia as a home of the largest tropical forest and mangrove forest needs this technology,” he said.
INCAS lead researcher Haruni Krisnawati explained that INCAS is a carbon emission accounting system that had been tested by experts and met the Transparency, Accountability, Consistency, Completeness and Comparable (TACCC) criteria.
“We started to develop this system in 2011 with the latest data of forest and land covers in 2012. So, the information will not be related to overall carbon emission, but only those of forest and land,” she added.
Haruni revealed that INCAS would be able to be accessed by public at HOME | INCAS - Indonesia National Carbon Accounting System In addition to data of carbon emission, Haruni added, INCAS could be used to measure forest and land carbon stocks in Indonesia, including in peat lands and mangrove forests.
Indonesia Launches Emission Account System at COP21 | National | Tempo.Co :: Indonesian News Portal
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Industry Minister Calls for More Global Partnerships to Spur Tech Industry Growthi
Jakarta. Indonesia's Industry Minister Saleh Husin encouraged local telecommunication and information technology companies to participate in more global partnerships during his visit to China as a strategic move to encourage innovation and boost the industry's growth.
"Global partnerships would be a tactical move for the local industry because it brings foreign IT companies who have more expertise in technology together with Indonesian companies that have skilled human resources and knowledge of local consumers," the minister said after touring a smartphone and television factory operated by China's home appliance and electronics manufacturer Hisense in Qingdao, China, on Friday.
He also paid a visit to automotive company SAIC-GM-Wuling (SGMW) Automobile, which recently started construction on its$700 million plant in Indonesia, as well as train manufacturer China Railway Rolling Stock.
Saleh noted that Indonesian companies should have research and development in mind when establishing partnerships with foreign parties.
"R&D is the industry's soul as it showcases a long-term vision. Ideally, Indonesian companies should do the same, whether on their own or with a foreign partner," he said. "The main point is that we become oriented to technology and innovation in order to develop quickly and keep up with the industry."
Such partnerships are expected to encourage growth in the country's electronic components industry, which is still lacking as most ongoing international collaborations were established within the marketing and assembly sector, according to I Gusti Putu Suryawirawa, directorate general of metal industry, machinery, transportation and electronics at the Industry Ministry.
Industry Minister Calls for More Global Partnerships to Spur Tech Industry Growth | Jakarta Globe
pr1v4t33r
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Wondernesia
Beragam cara ditempuh Kementerian Pariwisata untuk mempromosikan Indonesia ke luar negeri. Yang terbaru, diluncurkan program TV Wondernesia yang akan tayang di Discovery Channel dan TLC.
Keindahan Indonesia Segera Tayang dalam Program
Beragam cara ditempuh Kementerian Pariwisata untuk mempromosikan Indonesia ke luar negeri. Yang terbaru, diluncurkan program TV Wondernesia yang akan tayang di Discovery Channel dan TLC.
CountStrike
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Singapore to invest US$15 million on pharmacy industry
Minggu, 6 Desember 2015 18:54 WIB | 969 Views
Jakarta (ANTARA News) - Singapore has stated its interest to invest in the pharmacy industry worth US$15 million.
"Singapore will use the three-hour service facility system in arranging the permit of its plan to make investment in the pharmacy sector," Chief of Investment Coordinating Board Franky Sibarani stated on a press release received here on Sunday.
Franky said the candidate investor company has a data centre operated in India with employment reached 12 thousand people in the world.
The company employs 600 researchers and markets their products to 18 European countries and also more than 30 others in the world. The investor is the first company who utilize nano technology for pharmacy industry.
"Its product is a medicine used to protect live cell from cancer and eliminate cancer," Franky said.
According to Franky, the company is interested to invest in Indonesia because the country has big market, added with other ASEAN countries.
Indonesia, says Franky, need investment in pharmacy industry to boost technology transfer.
The Board noted that the company also is a also a challenge to Indonesia, particularly the related ministries, to provide service for permit in a short length of time.
"Thus, the coordinating board pushes the relevant agency to process permits in three hours as the investment will involved an amount of US$8 million," Franky went on.
The coordinating agency has met several Singaporean companies engaged in telecommunication, pharmacy, real estate and maritime sectors.
During the meeting, the agency also signed a Memorandum of Understanding (MoU) with UOB Bank to promote investment potential.
Singapore is one of the biggest foreign direct investment source to Indonesia.
The country has noted Foreign Direct Investment up to the third quarter of 2015 at US$ 30 billion with 6,868 projects in the transportation, telecommunication, warehousing, plantation, mining, mineral and non-metal sectors as well as in the power generator sector.(*)
Singapore to invest US$15 million on pharmacy industry - ANTARA News
Minggu, 6 Desember 2015 18:54 WIB | 969 Views
Jakarta (ANTARA News) - Singapore has stated its interest to invest in the pharmacy industry worth US$15 million.
"Singapore will use the three-hour service facility system in arranging the permit of its plan to make investment in the pharmacy sector," Chief of Investment Coordinating Board Franky Sibarani stated on a press release received here on Sunday.
Franky said the candidate investor company has a data centre operated in India with employment reached 12 thousand people in the world.
The company employs 600 researchers and markets their products to 18 European countries and also more than 30 others in the world. The investor is the first company who utilize nano technology for pharmacy industry.
"Its product is a medicine used to protect live cell from cancer and eliminate cancer," Franky said.
According to Franky, the company is interested to invest in Indonesia because the country has big market, added with other ASEAN countries.
Indonesia, says Franky, need investment in pharmacy industry to boost technology transfer.
The Board noted that the company also is a also a challenge to Indonesia, particularly the related ministries, to provide service for permit in a short length of time.
"Thus, the coordinating board pushes the relevant agency to process permits in three hours as the investment will involved an amount of US$8 million," Franky went on.
The coordinating agency has met several Singaporean companies engaged in telecommunication, pharmacy, real estate and maritime sectors.
During the meeting, the agency also signed a Memorandum of Understanding (MoU) with UOB Bank to promote investment potential.
Singapore is one of the biggest foreign direct investment source to Indonesia.
The country has noted Foreign Direct Investment up to the third quarter of 2015 at US$ 30 billion with 6,868 projects in the transportation, telecommunication, warehousing, plantation, mining, mineral and non-metal sectors as well as in the power generator sector.(*)
Singapore to invest US$15 million on pharmacy industry - ANTARA News
pr1v4t33r
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Presiden Joko Widodo meresmikan pengoperasian kapal pembangkit listrik (Marine Vessel Power Plant/MVPP) bernama 'Kardeniz Powership Zeynep Sultan' di Pelabuhan Tanjung Priok, Jakarta Utara, Selasa (8/12/2015). Kapal berkapasitas 120 Megawatt tersebut disewa oleh PT PLN Persero selama lima tahun dalam rangka memenuhi kebutuhan pembangkit di wilayah kepulauan Indonesia.
MarveL
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Uber Gains Government Approval To Operate Legally In Jakarta, Indonesia
Posted 14 hours ago by Jon Russell (@jonrussell)
Uber is celebrating a win in Jakarta, the capital city of Indonesia, after it was given approval to operate as a fully legal entity.
Indonesia is the world’s fourth most populous country, with a population of over 250 million, while Jakarta is a megacity in its own right — housing upwards of 10 million people. Those figures combined with growing smartphone sales are attractive to Uber, and a glut of other tech companies — but so far the U.S. taxi app company has run into numerous obstacles in Indonesia.
In August 2014, Jakarta Deputy Governor Basuki Tjahaja Purnama ordered a ban on Uber’s service over the company’s alleged failure to hold necessary permits and pay taxes. This past summer, police detained five UberX drivers in Jakarta over permit issues, while Uber recently accused local police of discriminating against it.
Today, however, Uber’s situation has improved significantly. Basuki, who is now governor of Jakarta, went on record to endorse Uber and other taxi app companies.
From my understanding, the main reason why Uber operates in Jakarta is based on the existence of huge public demand for safe, reliable and affordable means of transportation. Ride sharing, like Uber, has received positive and tremendous response from users because of its ability to provide consumers with those three pivotal factors — safe, reliable and affordable means of transportation — through the technology platform.
Uber said that — in order to operate legitimately — it is now required to have a legal entity in Indonesia, pay tax, offer “adequate” insurance, and ensure that drivers regularly have their vehicles maintained and inspected.
Mike Brown, who leads the U.S firm’s business in Asia Pacific, was understandably bullish about the governor’s endorsement.
“It is very encouraging that the ride-sharing industry in Jakarta has finally received a green light from Governor Ahok to operate an environment with regulatory certainty and conducive to success,” Brown said in a statement.
The Uber exec even issued an apology for past business efforts in Indonesia.
“As a company we have made some mistakes in the past and apologise for that. But we are also quick to learn and we fully understand the requirements laid out by the Governor and will cooperate with his office BKPM and DISHUB to ensure Uber complies with all requirements,” he added.
Uber’s initial entry into Asia saw the company suffer problems in a number of countries, including China, Korea, India, Indonesia, Thailand, and Vietnam to name just a few. Today’s news from Indonesia, coupled with a recent development in the Philippineswhere the government is working on a framework from ride-sharing service regulation and some progress in China, shows that the company and the industry itself is beginning to make headway as it seeks to become a legitimate and mainstream transportation service.
Update: GrabTaxi’s GrabCar business provided TechCrunch with its own statement regarding the governor’s new approach to ride-sharing services:
GrabCar welcomes the statement made by the Governor of Jakarta Basuki Tjahaja Purnama (Ahok) on allowing ride-sharing apps to operate in Jakarta. GrabCar respects the Jakarta government’s legal framework and is a service provided by a registered local entity. We strive to set the standards on safety, and thank Ahok for recognising GrabCar as the company that other industry players should emulate.
As a technology partner to licensed transportation companies registered with the Indonesian Car Rental Association (PPRI), GrabCar has always been compliant to Dishub’s requirements. We agree with Ahok’s call to raise the safety standards for Indonesian commuters – and are pleased that we have raised the bar for the industry. GrabCar provides an additional Personal Accidental Insurance for our drivers and passengers, to provide for peace of mind to Indonesian commuters. All drivers also undergo stringent background checks and training to ensure the highest safety and service standards are met.
Uber Gains Government Approval To Operate Legally In Jakarta, Indonesia | TechCrunch
Posted 14 hours ago by Jon Russell (@jonrussell)
Uber is celebrating a win in Jakarta, the capital city of Indonesia, after it was given approval to operate as a fully legal entity.
Indonesia is the world’s fourth most populous country, with a population of over 250 million, while Jakarta is a megacity in its own right — housing upwards of 10 million people. Those figures combined with growing smartphone sales are attractive to Uber, and a glut of other tech companies — but so far the U.S. taxi app company has run into numerous obstacles in Indonesia.
In August 2014, Jakarta Deputy Governor Basuki Tjahaja Purnama ordered a ban on Uber’s service over the company’s alleged failure to hold necessary permits and pay taxes. This past summer, police detained five UberX drivers in Jakarta over permit issues, while Uber recently accused local police of discriminating against it.
Today, however, Uber’s situation has improved significantly. Basuki, who is now governor of Jakarta, went on record to endorse Uber and other taxi app companies.
From my understanding, the main reason why Uber operates in Jakarta is based on the existence of huge public demand for safe, reliable and affordable means of transportation. Ride sharing, like Uber, has received positive and tremendous response from users because of its ability to provide consumers with those three pivotal factors — safe, reliable and affordable means of transportation — through the technology platform.
Uber said that — in order to operate legitimately — it is now required to have a legal entity in Indonesia, pay tax, offer “adequate” insurance, and ensure that drivers regularly have their vehicles maintained and inspected.
Mike Brown, who leads the U.S firm’s business in Asia Pacific, was understandably bullish about the governor’s endorsement.
“It is very encouraging that the ride-sharing industry in Jakarta has finally received a green light from Governor Ahok to operate an environment with regulatory certainty and conducive to success,” Brown said in a statement.
The Uber exec even issued an apology for past business efforts in Indonesia.
“As a company we have made some mistakes in the past and apologise for that. But we are also quick to learn and we fully understand the requirements laid out by the Governor and will cooperate with his office BKPM and DISHUB to ensure Uber complies with all requirements,” he added.
Uber’s initial entry into Asia saw the company suffer problems in a number of countries, including China, Korea, India, Indonesia, Thailand, and Vietnam to name just a few. Today’s news from Indonesia, coupled with a recent development in the Philippineswhere the government is working on a framework from ride-sharing service regulation and some progress in China, shows that the company and the industry itself is beginning to make headway as it seeks to become a legitimate and mainstream transportation service.
Update: GrabTaxi’s GrabCar business provided TechCrunch with its own statement regarding the governor’s new approach to ride-sharing services:
GrabCar welcomes the statement made by the Governor of Jakarta Basuki Tjahaja Purnama (Ahok) on allowing ride-sharing apps to operate in Jakarta. GrabCar respects the Jakarta government’s legal framework and is a service provided by a registered local entity. We strive to set the standards on safety, and thank Ahok for recognising GrabCar as the company that other industry players should emulate.
As a technology partner to licensed transportation companies registered with the Indonesian Car Rental Association (PPRI), GrabCar has always been compliant to Dishub’s requirements. We agree with Ahok’s call to raise the safety standards for Indonesian commuters – and are pleased that we have raised the bar for the industry. GrabCar provides an additional Personal Accidental Insurance for our drivers and passengers, to provide for peace of mind to Indonesian commuters. All drivers also undergo stringent background checks and training to ensure the highest safety and service standards are met.
Uber Gains Government Approval To Operate Legally In Jakarta, Indonesia | TechCrunch
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Pengerjaan Terowongan Bawah Tanah Proyek MRT Sudah Mencapai 50 %
Pintu terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Aktivitas pekerja di dalam terowongan saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Pekerja memeriksa unit mesin pengeboran Antareja II saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Aktivitas pekerja di dalam terowongan saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Lori pengangkut material keluar dari dalam terowongan saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Operator memantau kerja mesin bor Antareja II saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Aktivitas pekerja saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Pintu terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Aktivitas pekerja di dalam terowongan saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Pekerja memeriksa unit mesin pengeboran Antareja II saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Aktivitas pekerja di dalam terowongan saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Lori pengangkut material keluar dari dalam terowongan saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Operator memantau kerja mesin bor Antareja II saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
Aktivitas pekerja saat pengerjaan konstruksi terowongan Mass Rapid Transit (MRT) di Kawasan Senayan, Jakarta, Kamis (10/12).
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