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Indonesia Economy Forum

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Jakarta (ANTARA News) - Indonesia won three awards of the United Nations World Tourism Organization (UNWTO) in a ceremony held in Madrid, Spain, recently,

The Banyuwangi administration with its "Re-inventing the Government in Tourism" project is the first winner for the Innovation in Public Policy and Governance category of the 12th UNWTO Awards for Excellence and Innovation in Tourism, the UN WTO said in a press release.

Garuda Indonesias Bali Beach Clean-Up campaign has come out as the First Runner-up for the UNWTO Award for Innovation in Enterprises category.

Indonesias NGO, Karang Lestari Foundation with its "Coral Reef Reborn" project is also the First Runner-Up for the UNWTO Award for Innovation in Non-Governmental Organizations (NGOs) category.

The Awards recognizing innovation in four categories - Public Policy and Governance, Enterprises, NGOs and Research and Technology-, were announced on January 20 at the UNWTO Awards Ceremony in the Spanish Tourism Fair (FITUR) in Madrid.

Besides Banyungawi, first winners for the other three categories are the Itaipu Technological Park (Brazil), the Treetop Walking Path (Lithuania), and the Sisterhood of Survivors Program (Nepal) .

The projects were selected among more than 100 candidatures from 30 countries, .

"The UNWTO Awards aim to honor those that everyday work for the benefit of host communities, supporting the livelihoods of local people and protecting our environment and our culture for future generations. All 16 finalists are an example to all of us of how the principles of the UNWTO Global Code of Ethics for Tourism and the objectives set in the Sustainable Development Goals (SDGs) can inspire sustainable tourism," UNWTO Secretary-General Taleb Rifai said.

Stimulus put economy on track to recovery: Bank Indonesia
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Jakarta (ANTARA News) - A combination of four monetary stimulus would put the countrys economy on track to recovery, a Bank Indonesia executive said.

"The process of recovery even already began in the third quarter of 2015," Deputy Governor of the Central Bank Perry Warjiyo said here on Monday.

Perry estimated that in the last quarter of 2015, the countrys economy grew 4.9 percent after a growth of less than 4.75 percent in the previous three quarters.

The countrys economy grew 4.7 percent in the first quarter of 2015, by 4.67 percent in the second quarter and 4.72 percent in the third quarter, 2015.

He said the economy is expected to expand by at least 5.2 percent in 2016.

"Growth have been recorded in a number of major sectors such as construction, transportation and electricity sector," he noted.

He said the cut after 11 months in Bank Indonesia benchmark interest rate (BI rate) from 7.5 percent to 7.25 percent made complete three fiscal stimulus announced by the government earlier.

The first three stimulus were fiscal policy giving priority to in budget allocation to productive sector, structural reform by abolishing oil fuel subsidy and relaxation by the central bank of minimum reserve requirement and loan to deposit ratio (GWM LDR).

"Certainly , a surge is not to be expected in growth. But we are confident there would a steady growth. It think it is 5.2 percent this year," he said.

He did not rule out further relaxation of the monetary policy -- either a cut in interest rate or in liquidity provided that external pressure would recede and the countrys economy remained on track.

He said a number of indicators that could determine the direction of monetary policy are improving such as inflation, which is predicted to be around 4.3 percent this year.

The oil price fall would also have positive impact on the administered price of goods.

"The countrys current account deficit is estimated to be around 2.6 percent of the Gross Domestic Product. It is still safe below 3 percent," he said.

The economic recovery would also contribute to rupiah stability, he said, adding he was confident rupiah value would be stable in the first half in 2016 and would regain lost value in the second half.

The government and Bank Indonesia set macro indicator targets with inflation at 4.3 percent, economic growth at 5.2-5.6 percent and rupiah value at the level of 13,900 per U.S. dollar.(*)

Govt prioritizes sanitation development in 10 tourist destinations
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Jakarta (ANTARA News) - The government is giving priority to improve sanitation and drinking water facilities in 10 tourist destinations, currently being considered on priority for development.

According to the plan, the sanitation and drinking water facilities will be developed in those tourist destinations there good infrastructure facilities are required.

These destinations include Labuan Bajo, Lake Toba, Borobudur Temple and Mount Bromo, Public Works and Housing Minister Basuki Hadimuljono said here on Saturday.

"The president has instructed us to develop sanitation facilities in Laboan Bajo of a standard as good as that of similar facilities at four star hotels, to enhance tourism and improve visitors experience," he said.

Basuki said the project will take off this year.

He refused to divulge the amount of funds needed to finance the project, saying it will not be too large.

"These facilities will be developed this year at 10 locations. The budget will not be huge. The program to develop sanitation and drinking water facilities has been put in place," he said.

The development of the sanitation and drinking water facilities will be taken care of by the Public Works and Housing Ministry and will not involve any private or foreign parties, he said.

"The government will procure whatever is required for the sanitation and drinking water facilities entirely on its own, without involving private and foreign parties. To develop the drinking water facilities, we will involve local government-owned drinking water companies," he said.(*)
 
Bit of shocking news..., nasib bengkel nya juga masih belum jelas...

Ford Motor to Close Operations in Indonesia, Japan
U.S. auto maker sold just over 11,000 vehicles in the two markets in 2015

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A salesperson at a car exhibition in Jakarta, Indonesia, last year. Ford plans to exit Japan and Indonesia by the end of the year. PHOTO: REUTERS

Ford Motor Co. is packing its boxes in two Asian markets, announcing plans to close sales operations in Japan and Indonesia by the end of 2016 amid a broader pullback by Detroit car companies from unprofitable ventures.

The decision follows years of frustration for U.S. auto makers looking to make inroads in Japan, among the top car markets in the world. American automotive executives have longed complained about non-tariff barriers, including currency manipulation in Japan and a web of regulations that put importers at a disadvantage.
Like most foreign auto makers, Ford is a small player in a Japanese market dominated by domestic players, including Toyota MotorCorp. The No. 2 U.S. auto maker in terms of volume sold only 5,000 vehicles there in 2015, or 0.1% of the market, and those vehicles were imported.

In Indonesia, Ford held 0.6% market share in 2015, with sales falling by nearly 50% during the year to about 6,100 vehicles. Japanese auto makers also dominate car sales in Indonesia, which is the most populous nation in Southeast Asia with a vehicle market that represents a fraction of what is sold in Japan.

The moves, announced Monday to the nearly 350 Ford employees in those two countries, follow the company’s recent closure of an Australian factory. General Motors Co. has also been retreating from money-losing businesses, recently making moves to exit or reduce exposure to Russia, Indonesia, Australia and Thailand.

After decades of chasing global market share and dominance in as many markets as possible, Detroit’s auto giants are conserving resources as emissions and safety regulations are expected to demand additional capital. Recently, GM and Ford have also begun investing or experimenting with offering alternative mobility services, such as car sharing.

“It has become clear that there is no path to sustained profitability, nor will there be an acceptable return over time from our investments in Japan or Indonesia,” Ford said in a statement. The impact to revenue and profit will likely be minimal due to the company’s limited sales in both markets.


http://www.wsj.com/articles/ford-motor-to-close-operations-in-indonesia-japan-1453723892
Ford has recently cited obstacles to selling cars in Asian countries as a reason for opposing U.S. President Barack Obama’s Trans-Pacific Partnership, an agreement that would phase out U.S. duties on imported cars from 12 Pacific nations, including Japan. Ford has argued the deal doesn’t adequately address currency manipulation.

The top three Japanese auto makers held a combined 32% market share in the U.S. last year. Ford, GM and Fiat Chrysler AutomobilesNV accounted for about 0.3% of Japan auto sales over the same period, while domestic brands account for more than 90% of the new-vehicle market

Karen Hampton, a Ford spokeswoman, said the company has 52 dealerships in Japan, where it has been selling for more than four decades. The official said the company will remain active in Asia however, pointing to growing operations in a China market that continues to be a focal point and potential growth market for international auto makers.

Auto demand in Japan is expected to wane due to an aging and shrinking population, and that dims Ford’s changes for success, Ms. Hampton said. Ford sales topped 1 million in China last year, growing 3%.

Ford started selling vehicles in Indonesia early last decade and employed 35 workers, but faces stiff Japanese competition. The U.S. auto maker never established local production and it didn’t offer vehicles in popular segments such as multipurpose vans, Ms. Hampton said.

The car maker’s retail sales fell to 6,103 vehicles in Indonesia last year, down from 11,614 in 2014. Ford has 44 outlets in Indonesia.

http://www.wsj.com/articles/ford-motor-to-close-operations-in-indonesia-japan-1453723892




Indonesia Tries to Trim Birth Rate to Aid Economy

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http://www.wsj.com/articles/indonesia-tries-to-trim-birth-rate-to-aid-economy-1453698934
 
Kalbe Farma and Kimia Farma to Open Raw Materials Plants in Indonesia

JAKARTA, Indonesia, Jan. 5, 2016 /PRNewswire/ -- Vidjongtius, director of Indonesia's largest pharmaceutical company, Kalbe Farma, stated that raw material import is a big challenge for the local pharmacy industry. As a response, he declared, Kalbe Farma is currently constructing a biopharmacy raw material manufacturing plant in Cikarang, West Java, scheduled to commercially commence operations in late 2017 or 2018.

State-controlled pharmaceutical company Kimia Farma also announced recently that it would start constructing a Rp 100 billion raw materials plant in Cikarang, West Java, in 2016.

Meanwhile, in a bid to encourage the industry, the Investment Coordinating Board (BKPM) gauged a plan to allow foreign investors to hold more shares in pharmacy companies, from currently a maximum of 85 percent, to 100 percent.

Indonesia is indeed poised to become a production base for overseas and local manufacturers of medicines, including toll manufacturing.

Tailored to suit this fast changing industry, the 5th edition of CPhI South East Asia taking place during 6-8 April 2016 in Jakartaprovides the must-attend trade exhibition where the regional pharma industry meets to leverage connections, knowledge and insight to spur business.

In December last year, Coordinating Economic Minister Darmin Nasution declared that the government was "not smart" if it did not support the growth of the pharmacy industry.

However, Maybank analyst Janni Asman commented that the removal of industry protection is likely to tighten the competition and lead to capped pricing power of local producers, "Most listed local pharmaceuticals are relatively less efficient than major generic producers in India and China," Janni wrote in her research.

The CPhI series of events drives growth and innovation in the global pharmaceutical industry, with leading exhibitions and online communities covering every step of the supply chain from drug discovery to finished dosage.

More than 100,000 visitors meet over 6,000 exhibitors at events in Europe, China, India, Japan, South East Asia, Russia, Brazil,Istanbul and South Korea every year to exchange ideas, form alliances and conduct business on an international scale. CPhI also provides an online buyer & supplier directory at CPhI-Online.com.

http://www.prnewswire.com/news-rele...-materials-plants-in-indonesia-300197809.html
 
Indonesia Banks' Loftiest Valuation Since 2001 Emerges Amid Rout
Indonesian banks are trading at the most expensive levels in at least 14 years relative to their emerging-market peers, underscoring their resilience amid the selloff in developing-markets.

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The MSCI Indonesia/Financials Index is valued at 2.4 times the value of net assets, the highest in Southeast Asia and more than five times that of the MSCI Emerging Markets Financials Index. The Indonesian gauge has climbed 1.2 percent in the past month, led by PT Bank Mandiri, compared with a 15 percent slump for the broader finance gauge.

Profit at companies on the MSCI Indonesian finance gauge are projected to grow 12 percent in the next 12 months, data compiled by Bloomberg show. Indonesia’s central bank earlier this month forecast average credit growth of 12 percent for the country’s lenders. Loans grew 9.8 percent in November from a year earlier, it said in a statement on its website.

http://www.bloomberg.com/news/artic...ftiest-valuation-since-2001-emerges-amid-rout
 
Corruption index for Indonesia is improving from 107 to 88 this year.
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Corruption in ASEAN region
The following is the 2015 ranking of countries in the Southeast Asian region:
  1. Singapore (8th)
  2. Malaysia (54th)
  3. Thailand (76th)
  4. Indonesia (88th)
  5. Philippines (95th)
  6. Vietnam (112th)
  7. Laos (139th)
  8. Myanmar (147th)
  9. Cambodia (150th)
  10. Brunei (No Data)
http://www.jakartaglobe.beritasatu....rruption-index-improves-despite-weakened-kpk/
 
Jakarta`s Kalibaru port to become operational in August
Jumat, 29 Januari 2016 08:25 WIB | 616 Views

Jakarta (ANTARA News) - The Kalibaru seaport in North Jakarta or the New Priok port is expected to become operational in August 2016 following an initial operation trial of the Container Terminal 1 in Kalibaru, an official has stated.

Acting President Director of port operator PT Pelindo II, Dede R Martin, revealed the information on Thursday, adding that the Transportation Ministry wants to accelerate the port operation.

"The Transportation Ministry wants the port to become operational immediately, and we are evaluating its preparedness," Dede pointed out.

According to Dede, his team has prepared thoroughly, including overseeing the functioning of information technology.

"If the port construction has completed, its commercial side will follow soon," he explained.

Dede further said the container terminal, which will undergo an operation trial, constitutes the first of five container terminals that will be constructed in Kalibaru.

The operational trial of the Kalibaru container port will be carried out by using MV Selat Mas with 14,000 gross tons, which will unload 50 containers.

The Container Terminal 1 Kalibaru is expected to be able to serve vessels with a capacity of 13,000 TEUs or weight above 150,000 DWT.

This terminal has a quay with length of 850 meters, a ground surface area of 32 hectares, an accommodating capacity of 1.5 million TEUs/year, including an eight-unit facility crane equipment.(*)

http://www.antaranews.com/en/news/102816/jakartas-kalibaru-port-to-become-operational-in-august

Jakarta`s Kalibaru port to become operational in August
Jumat, 29 Januari 2016 08:25 WIB | 616 Views

Jakarta (ANTARA News) - The Kalibaru seaport in North Jakarta or the New Priok port is expected to become operational in August 2016 following an initial operation trial of the Container Terminal 1 in Kalibaru, an official has stated.

Acting President Director of port operator PT Pelindo II, Dede R Martin, revealed the information on Thursday, adding that the Transportation Ministry wants to accelerate the port operation.

"The Transportation Ministry wants the port to become operational immediately, and we are evaluating its preparedness," Dede pointed out.

According to Dede, his team has prepared thoroughly, including overseeing the functioning of information technology.

"If the port construction has completed, its commercial side will follow soon," he explained.

Dede further said the container terminal, which will undergo an operation trial, constitutes the first of five container terminals that will be constructed in Kalibaru.

The operational trial of the Kalibaru container port will be carried out by using MV Selat Mas with 14,000 gross tons, which will unload 50 containers.

The Container Terminal 1 Kalibaru is expected to be able to serve vessels with a capacity of 13,000 TEUs or weight above 150,000 DWT.

This terminal has a quay with length of 850 meters, a ground surface area of 32 hectares, an accommodating capacity of 1.5 million TEUs/year, including an eight-unit facility crane equipment.(*)

http://www.antaranews.com/en/news/102816/jakartas-kalibaru-port-to-become-operational-in-august
 
Bank of Indonesia forecasting, Indonesia economic growth in 2015 is more likely to touch 4,8 %, slightly higher than b assumption by Indonesian Ministry of Finance of 4,74 %

BI perkirakan ekonomi 2015 tumbuh 4,8 persen
Jumat, 29 Januari 2016 16:59 WIB | 1.962 Views
Pewarta: Citro Atmoko
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Lanskap salah satu bagian kawasan Pluit, Jakarta, Kamis (5/11). (ANTARA FOTO/Akbar Nugroho Gumay)

Jakarta (ANTARA News) - Bank Indonesia (BI) memperkirakan pertumbuhan ekonomi Indonesia sepanjang 2015 mencapai 4,8 persen, sedikit lebih tinggi dibandingkan proyeksi Kementerian Keuangan sebesar 4,74 persen.

"BI perkirakan 4,8 persen untuk keseluruhan 2015," kata Deputi Gubernur BI Perry Warjiyo saat ditemui di Kompleks Perkantoran BI, Jakarta, Jumat.

Kendati pertumbuhan ekonomi tahun lalu jauh dari asumsi dalam APBNP 2015 sebesar 5,7 persen, lanjut Perry, pertumbuhan ekonomi pada 2016 diyakini akan lebih baik.

"Tahun ini bisa naik 5,2 persen," ujar Perry.

Menurut Perry, pertumbuhan ekonomi domestik didukung sejumlah faktor, seperti pertumbuhan ekonomi dunia yang akan membaik meski tidak terlalu menguat.

Selain itu, stimulus fiskal pada tahun ini sudah dimulai di triwulan pertama oleh pemerintah, di samping relaksasi dari kebijakan makroprudensial oleh Bank Indonesia untuk membantu likuiditas perbankan sehingga membantu bank dalam penyaluran kredit.

"Dan yang terakhir, tentu saja sinyal dari BI untuk pelonggaran moneter dengan kemarin kita sudah turunkan BI rate sebesar 25 basis poin, yang akan memberikan persepsi positif untuk dunia usaha beli SBN (surat berharga negara)," kata Perry.

BI rate saat ini berada di tingkat 7,25 persen, dengan suku bunga deposit facility5,25 persen dan lending facility 7,75 persen.
Editor: Unggul Tri Ratomo

COPYRIGHT © ANTARA 2016

http://www.antaranews.com/berita/542699/bi-perkirakan-ekonomi-2015-tumbuh-48-persen
 
Proper trash management improves local economy
Jumat, 29 Januari 2016 19:38 WIB | 166 Views
Pewarta: Otniel Tamindael
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Waste Central Bank officers serve a citizen who buy groceries with garbage in Tangerang, Banten. (ANTARA/Muhammad Iqbal)

Jakarta (ANTARA News) - Garbage, if sorted and managed properly, can not only makes a city clean and beautiful but can also help to improve the local economy.

From the onset, the Indonesian Environment Ministrys program of trash banks was aimed at overcoming the trash problems and increasing public awareness on waste management, but now, it is also offering economic benefits to the society.

Initiated by the Ministry of Environment, the trash bank program was believed to be an effective concept to overcome the trash problems and to create a cleaner, healthier, and more comfortable environment.

Due to a lucrative additional income from trash management, several people have been encouraged to actively and properly manage the trash problem in order to reduce greenhouse gas emissions.

In the Indonesian island resort of Bali, numerous customers of the Garuda Wastu Lestari Trash Bank have successfully created some handicraft products from recycled waste materials, and the results are now being favored by foreigners.

"We have been able to create a variety of high-quality craft products using recycled waste materials, so that they can draw the interest of several foreigners, such as from Switzerland and Britain," Garuda Wastu Lestari Trash Bank founder Ni Wayan Riawati remarked in Denpasar on Friday.

She pointed out that pencil cases, travel bags, and trendy bags are some of the craft products made from raw materials sourced from garbage that have been ordered by consumers from Switzerland and Britain.

"The price of the products that we offer varies, ranging from Rp20 thousand to Rp35 thousand for a pencil case and Rp700 thousand for a travel bag," Riawati affirmed.

She said the artisans who worked on products created from waste materials were scattered in several areas in Bali. She hoped their numbers would continue to increase and would help to reduce the amount of trash.

According to Riawati, the number of trash bank customers in Bali has reached more than six thousand people, but only two percent of them were willing to sort organic and inorganic garbage to be used as raw materials for making handicraft products.

Bambang Suwerda, who started the trash bank initiative in Yogyakarta, remarked that the existence of the garbage bank could also change the social status of scavengers who rummaged through garbage heaps to pick out inorganic waste.

Bambang stated that the scavengers who braved the heat to comb through the mountains of trash for anything salable virtually contributed to solving the waste problem.

He also noted that through the trash bank development program, the scavengers would have clear access to work with waste collectors and waste receptacles in several factories.

The trash bank program, as part of the efforts to overcome the ubiquitous problem in Indonesia, is also able to empower the peoples economy at the grassroots level.

Trash is actually a persistent problem in Indonesia as the people either burn their garbage in front of their houses or simply dump it into the rivers as they lack ways to methodically dispose it.

Consequently, a steady stream of waste materials has, for years, made its way into landscapes, landfills, and waterways, but now, several creative people have transformed garbage into handicraft and art products and have begun marketing them.

Recycling is the process of converting waste materials into new treasures or products of higher quality or for better environmental value.

Along with recycling, re-using and re-purposing are also good ways to ensure that non-biodegradable objects do not end up in landfills.

In light of this, the Cleanliness and Landscaping Service of Musirawas Utara District in South Sumatra has been able to transform household waste into economically valuable handicrafts.

"Utilizing waste to make economically valuable handicrafts can also help environmental cleanliness from household trash," Musirawas Utara Cleanliness and Landscaping Service spokesperson Herawati remarked recently.

Processing household waste into valuable handicrafts was also in line with the recommendation of the local government through the so-called 3R program such as Reuse, Reduce, and Recycle that will be implemented beginning 2016, she pointed out.

The 3R program, besides producing organic fertilizers for hydroponic plants, will also utilize plastic waste and used cloth to make craft bags and mats, apart from tissue and pen boxes, according to Herawati.

"All household waste material can be turned into economically valuable handicrafts to supplement the income of craftsmen, in addition to making the Musirawas Utara district clean of trash," she emphasized.

Since the expansion to separate from the Musirawas district in 2013, the new autonomous district of Musirawas Utara remains categorized as a disadvantaged and unclean region, with household garbage scattered around, Herawati noted.

However, the 3R waste management system can be implemented by one and all in their daily activities with the guidance of the Cleanliness and Landscaping Service officers, she added.

The officers will provide training to the public in the smallest neighborhood community and gradually run it up to the village and sub-district level, she remarked.

The implementation of the 3R system is one of the waste management solutions, in addition to processing it into compost and electricity, she noted.

The Cleanliness and Landscaping Service, in future, has also outlined a program to process plastic resin as it has good prospects, but for now, it has yet to be executed due to the absence of a plastic resin processing machine.

Waste, which cannot be processed into a household economic activity, will be used to fill areas that are hollow and can also be used to produce biogas and electric power, Herawati revealed.

The utilization of household waste to create new sources of revenue for the society can also offer an opportunity to the Musi Rawas Utara district to receive the Adipura environmental awards for clean and green cities.
(T.O001/INE/KR-BSR/A014)

http://www.antaranews.com/en/news/102836/proper-trash-management-improves-local-economy

The commisioning of KM Sabuk Nusantara,being owned by Jakarta Metro Municipal Government. This ship will augment the already commisioned fleets which serve Jakarta-Seribu Islands area

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Peresmian KM Sabuk Nusantara 46Kapal Perintis KM Sabuk Nusantara 46 bersandar di Pelabuhan Sunda Kelapa, Jakarta, Kamis (28/1). Kapal yang berkapasitas 114 penumpang dan 100 ton barang ini akan melayani rute Pelabuhan Sunda Kelapa di Jakarta Utara ke Kepulauan Seribu dan sebaliknya. (ANTARA FOTO/Rivan Awal Lingga)


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Peresmian KM Sabuk Nusantara 46Menteri Perhubungan Ignasius Jonan (kanan) bersama Gubernur DKI Jakarta Basuki Tjahaja Purnama (kedua kanan) meninjau Kapal Perintis KM Sabuk Nusantara 46 usai diresmikan di Jakarta, Kamis (28/1). Kapal yang berkapasitas 114 penumpang dan 100 ton barang ini akan melayani rute Pelabuhan Sunda Kelapa di Jakarta Utara ke Kepulauan Seribu dan sebaliknya. (ANTARA FOTO/Rivan Awal Lingga)


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Peresmian KM Sabuk Nusantara 46Menteri Perhubungan Ignasius Jonan (kanan) bersama Gubernur DKI Jakarta Basuki Tjahaja Purnama (kedua kanan) meninjau Kapal Perintis KM Sabuk Nusantara 46 usai diresmikan di Jakarta, Kamis (28/1). Kapal yang berkapasitas 114 penumpang dan 100 ton barang ini akan melayani rute Pelabuhan Sunda Kelapa di Jakarta Utara ke Kepulauan Seribu dan sebaliknya. (ANTARA FOTO/Rivan Awal Lingga)
 

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