Indonesia Economy Forum

[pr1v4t33r]

Meet Indonesia: The engine that powers Southeast Asia
With huge land masses and a large, young, politically and digitally engaged population, Indonesia is a country to watch. Canada’s former Deputy Minister of Foreign Affairs, Len Edwards, gives four big ideas for more ambitious Canadian-Indonesian relations.

Read more: https://www.opencanada.org/features/meet-indonesia-engine-powers-southeast-asia/

 

[Bennedict]

Cabotage and its impact in Indonesia.
Good read about Indonesia's effort to boost its shipbuilding capability

STAR-50, Indonesian-made bulk carrier which found commercial success in domestic and export market.

"Cabotage principles were implemented when the domestic shipping industry in Indonesia almost collapsed as a result of foreign vessels engaging in coastwise transportation. The Indonesian government implemented the Cabotage restrictions and Indonesia's shipping and offshore marine industry underwent major changes since the introduction of the Maritime Law No 17 of 2008 which was aimed at providing business opportunities and greater market share to Indonesian companies. Cabotage is the principle regulating shipping activities which takes place within a country's waters and recognises that a country is entitled to restrict the activities of foreign vessels operating within its waters."

"With the implementation of the Cabotage rules, the Indonesian shipbuilding industry is now able to construct 19 types of offshore vessels with its growing local expertise. The Indonesian amendment to its Cabotage principles is seen and can be interpreted as a measured strategy; one which is flexible enough to allow for a relaxation in deadline if domestic supply of offshore vessels fall short and yet strict enough to cease exemptions when the local industry has improved upon its production capabilities."
http://www.clydeco.com/insight/article/cabotage-and-its-impact-in-indonesia

 

[Bennedict]

Inside Indonesia's Nuclear dream

JAKARTA: Indonesia is on track for the construction of its first experimental nuclear power reactor in Serpong, Banten, near Jakarta, putting the country one step closer to building a fully operational nuclear power plant.

The people behind the reactor are aiming to meet President Joko Widodo’s goal of building new power stations to supply 35 gigawatts worth of power to meet the archipelago’s energy needs, but many in the country remain divided.

“In our opinion, like or dislike, nuclear must be included for the demand of electricity by 2025,” said Dr Taswanda Taryo, deputy chairman of Nuclear Energy Technology at the National Nuclear Energy Agency (BATAN).

BATAN, which was established in 1958, has built and continues to operate three research reactors located in Serpong, Bandung and Yogyakarta. None of them produce electricity but BATAN is hoping they they will be part of Indonesia's energy mix by 2025.

Behind layers of security, Channel NewsAsia got an up-close look at the Serpong 30 megawatt G.A. Siwabessy research reactor. The research reactor is being used to produce radio isotopes to be used in agriculture and in the medical sector.

Indonesia’s nuclear scientists are brimming with confidence and say that with their decades of experience and expertise, Indonesia should be ready to build the 10 megawatt experimental power plant.

“We have research reactors, we have safety laboratories, we have the waste treatment centre and also we have the nuclear fuel centre here, so everything is complete,” said Dr Taryo

SAFETY AND SECURITY

But to turn the nuclear dream into reality, many have asked if Indonesia can implement appropriate safety and security measures.

That responsibility lies with Indonesia’s Nuclear Regulatory Agency (BAPETEN), which regulates and licenses nuclear applications. The agency is subject to review by the International Atomic Energy Agency (IAEA).

“Recently in August 2015, we had an integrated regulatory review service mission by the IAEA. They reviewed our capability and our readiness to license new nuclear power plants.

The conclusion is that we are ready,” said Professor Jazi Eko Istiyanto, BAPETEN’s chairman.

Dr Dohee Hahn, a director at IAEA’s Division of Nuclear Power said the IAEA does not certify any country as being fit or unfit for nuclear power, nor does it ascertain whether a nuclear power plant is being operated safely. Both are responsibilities of national regulators.

What the IAEA does prescribe for countries with nuclear ambitions is a Nuclear Energy Programme Implementing Organisation (NEPIO) to lead and manage efforts in developing nuclear power plant programmes.

Indonesia does not have an entity such as NEPIO, but BATAN is optimistic that it is well-equipped to build a nuclear power plant.

Behind layers of security is the G.A. Siwabessy research reactor located in Serpong. It is one of Indonesia’s three research reactors. (Photo: Samantha Yap)

Associate Professor Sulfikar Amir from Nanyang Technological University’s Division of Sociology at the School of Humanities and Social Sciences, said he is hesitant about Indonesia’s capability to build and operate a nuclear power plant.

“I think at the moment Indonesia should reconsider pursuing nuclear energy because of the lack of capacity in dealing with the risks,” said Prof Sulfikar, who has been observing Indonesia’s journey to attain nuclear power since 2008.

“Was Japan ready when they built Fukushima Daiichi in 1970s? Were they ready? Were the Japanese ready with what happened in 2011?” he asked, referring to the Fukushima nuclear crisis in the wake of the March 2011 earthquake and tsunami.

THE RING OF FIRE

Indonesia’s archipelago, which is made up of 17,000 islands – sits on the most active part of the Pacific Ring of Fire, and is consistently prone to earthquakes and tsunamis.

“Science tells us that nuclear is inherently dangerous, especially in a country like Indonesia,” said Mr Arif Fiyanto, head of the Climate and Energy Campaign at Greenpeace Indonesia.

Plans for a nuclear power plant to be built in Indonesia have prompted safety concerns across the ASEAN region.


Some of the proposed sites for Indonesia’s first nuclear power plant are located in the province of Bangka-Belitung, an island off Southeast Sumatera. BATAN’s feasibility studies found Muntok in West Bangka, and Permis in South Bangka, suitable for the construction of a nuclear power plant as well.

Said Dr Djarot Wisnubroto, the chairman at the nuclear agency: “Well, we say we live in the Ring of Fire. The fact is that some parts of Indonesia are not on the Ring of Fire. In Kalimantan, in Bangka and even near Singapore on Batam island. That side is a good and appropriate site for the nuclear power plant."

Other proposed sites include West and East Kalimantan. However, Mr Fiyanto believes places like Kalimantan are not immune to earthquakes.

“They use the argument that Kalimantan is safe from earthquakes and that it is not vulnerable to natural disasters. They keep using that argument, but a big earthquake hit East Kalimantan right on the proposed site of the nuclear power plant”, said Mr Fiyanto, referring to a 6.1-magnitude earthquake on Dec 21 last year.

“There is no valid argument to build a nuclear power plant in Indonesia. Nuclear is not safe, nuclear is not clean, nuclear is a false solution for climate change. And nuclear will not support us to achieve our energy sovereignty, so we don’t need nuclear, not at all,” argued Mr Fiyanto who has led the anti-nuclear campaign for Greenpeace Indonesia since 2008.

CAN INDONESIA HANDLE THE POWER?

While Indonesia is resource-rich, pro-nuclear voices say that renewable energy sources are not enough to meet the energy needs of its vast population.

“In our calculation, if we are including solar, and if we’re talking about geothermal, about coal and about micro-hydro power, and other energy sources, then there is still the lack of electricity,” said Dr. Taryo.

The conceptual design for the 10-megawatt experimental nuclear power plant has been completed by the Russian State Atomic Energy Corporation (ROSATOM), a nuclear power vendor.

If the green light is given by the Indonesian President, then vendors such as ROSATOM will get a shot at building the country’s nuclear power plants. ROSATOM have set up a regional office in Singapore with a focus on expanding in Southeast Asia.

Currently, there is no ASEAN country that has a fully operational nuclear power plant.

“If the political decision is made in Southeast Asia to go nuclear, (then they) are going to be the safest and the most advanced nuclear power plants available on the market today,” said Mr Egor Simonov, ROSATOM’s regional representative in Southeast Asia.

BATAN's G.A. Siwabessy research reactor. (Photo: Samantha Yap)

But the responsibility to maintain and operate the plant still lies with the respective countries.

“It is the total responsibility of the one who operates the plant to operate it safely. The licensee has to operate the plant safely and then the oversight is done by the regulator. So these are the structures that should be in place in every country that operates power plant,” said Ms Agneta Rising, director general of the World Nuclear Association.

In her assessment of the region, Ms Rising said Southeast Asia is ready to build nuclear power plants. With regard to Indonesia in particular, Ms Rising said: “For what I see and learn, Indonesia has a lot of competence in this area, a lot of experience and a lot of professionalism.”

Prof Istiyanto remains hopeful as well, saying he believes his country is ready despite detractors. “What’s left now is the president’s decision."

Channel NewsAsia’s Special Documentary, A Nuclear Affair, airs Feb16, 9.30pm (SG/HK) and 8.30pm (JKT), with an encore at 10.30am, Feb 17.

http://www.channelnewsasia.com/news/asiapacific/inside-indonesia-s/2519384.html

 

[pr1v4t33r]

Yields topping 7% spur Indonesia bond rally amid record supply
A global hunt for yields is spurring the longest Indonesian bond rally in more than two years even as the government plans record debt sales. A gauge of rupiah-denominated sovereign securities climbed for 16 days through Monday and the notes have returned 16% this year, the most in Asia, Bloomberg indexes show. Overseas ownership stands at an all-time high as investors fleeing negative yields in Europe and Japan snapped up local 10-year bonds offering more than 7%.

Indonesian debt has attracted $6.7bn of inflows in 2016 as President Joko Widodo boosts infrastructure spending, and as low inflation and a stronger currency give the central bank room to add to four interest-rate cuts this year. Rupiah notes are more attractive than other emerging Asian securities due to their higher yields, the government’s tax amnesty and progress in restructuring Southeast Asia’s largest economy, according to Mitsubishi UFJ Kokusai Asset Management Co.

“The strong return in Indonesia owes to expectations of further rate cuts given that inflation is behaving itself,” said Edwin Gutierrez, the London-based head of emerging-market sovereign debt at Aberdeen Asset Management, which oversees $420bn.

Changes to Indonesian taxation rules are also buoying bond prices, Gutierrez said. Bank Indonesia estimates the tax amnesty programme, started in July to lure home undeclared earnings, will result in 560tn rupiah ($42.8bn) of inflows and boost 2016 economic growth to 5.33% from 5.03%.

In the past year, Widodo also effectively scrapped a withholding tax on the nation’s global bonds, accelerated approval of business permits and cut energy prices and electricity tariffs for the industrial sector.

Indonesian 10-year yields have fallen about 50 basis points in the past month, compared with declines of 28 basis points for comparable Malaysian securities and 16 basis points for Thailand’s debt. At 7.13%, they are still the highest in Southeast Asia, burnishing their appeal at a time when almost $10tn of bonds worldwide have negative yields. Morgan Stanley predicts 10-year US yields will fall to 1% in the first quarter of 2017 from 1.56% yesterday as the global environment remains supportive of bonds.

Overseas holdings of Indonesian sovereign debt climbed to a record 651.4tn rupiah on July 15 as an uncertain global outlook following the UK’s vote to leave the European Union and reduced bets for a US interest-rate increase this year spurred demand for safer assets. Widodo’s efforts to push through economic reforms and accelerate spending on roads, ports and power plants also boosted confidence.

“The trend for declining yields will continue until the 10-year yield reaches 6.5%, or even 6%,” said Dwianto Oktory, portfolio manager at PT Indo Premier Investment Management, which oversees 3.5tn rupiah of assets.
“Bonds will get a huge boost from the tax amnesty, along with stocks, as the fastest way to park repatriated funds from the programme is still through financial instruments.”

The rupiah has strengthened 5.4% against the dollar this year and technical indicators show it may appreciate another 7%, according to Gregg Tan, a charting specialist at Bloomberg. The Jakarta Stock Exchange Composite Index has surged 13% in 2016, following a 12% drop in the previous year.

Indonesia’s government raised its net annual bond sale target last month by 37.6tn rupiah to an unprecedented 364.9tn rupiah as part of a revised budget for 2016.

“Demand for emerging-market bonds is extremely strong, and Bank Indonesia’s rate cuts have ultimately made it cheaper to borrow,” said Dwyfor Evans, a macro strategist at State Street Global Markets in Hong Kong. “The extra supply doesn’t change a broadly positive picture. There’s sufficient external demand for additional paper.”

Widodo’s administration is turning to fiscal measures after interest-rate cuts since January failed to counter the impact of slowing global demand. Indonesian exports contracted for 21 months through June, and gross domestic product growth of 4.92% in the first quarter fell short of the 5.07% forecast in a Bloomberg survey.

“With the hunt for yield still strong, Indonesian government bonds are still attractive and should hold up relatively well even through a Fed hike cycle,” said Eugene Leow, a Singapore-based fixed-income strategist at DBS Bank Ltd “We don’t think the negative impact from a larger issuance will dent demand for Indonesian government bonds.”

http://www.gulf-times.com/story/504045/Yields-topping-7-spur-Indonesia-bond-rally-amid-re

 

[skyhigh88]

Indonesia Sees the Fastest Construction Growth in Asia
JAKARTA, Indonesia
July 20, 2016
PRNewswire

Indonesia's construction market is one of the biggest in Asia. According to AECOM, in the medium term (up to 2020) Indonesia is expected to see the fastest construction market growth of any Asian country.

The government has invested to boost the country's infrastructure in order to provide a better environment for business and economic benefits to its people. 30 infrastructure projects worth some IDR 851 trillion have been set as priority and are to be developed until 2019. Indonesia's road segment is forecasted to grow by an annual average of 12.8% between 2015 and 2024 in nominal terms to become the largest road market by 2024 (Source: BMI Research). These projects create huge opportunities for suppliers of concrete materials, equipment and technology.

A remarkable consequence, the heavy equipment industry has recorded a 30% growth in the construction sector in Indonesia, as opposed to negative rates in all other verticals this industry operates in.

Bank Indonesia's (BI) series of interest rate cuts - the rate now stands at 6.75% - has furthermore contributed to this growth by making bank financing more affordable. In parallel, companies have been increasingly recurring to bonds as an additional lever to finance expansion (+45% yoy - data from the Financial Services Authority (OJK)).

Infrastructure projects will also benefit from the recently approved tax amnesty:
"The most important thing is that the capital inflows can be used to construct our outstanding infrastructure projects," President Jokowi said, urging authorities to prepare instruments to accommodate the funds.

BP's $8 Billion Tangguh Project Boosts Indonesia's Upstream Job Market
by Chee Yew Cheang
Rigzone Staff
Tuesday, July 19, 2016

BP and its joint venture partners agree to develop the Tangguh Expansion Project in Papua Barat Province, lifting some gloom from Indonesia's upstream employment market.

The decision by BP plc and Tangguh Production Sharing Contract (PSC) partners to develop the $8 billion Tangguh Expansion Project in Indonesia’s Papua Barat Province will create 10,000 new jobs, providing some light in an otherwise depressed job market, industry sources said.

Upstream job prospects in Indonesia have dimmed as consecutive years of cutbacks in industry capital expenditures have curbed, if not trimmed, demand for staff.

“Sentiment has weakened [and] coupled with the fall in oil prices, the outlook doesn’t look good,” William Simadiputra, a Jakarta-based oil and gas analyst at DBS Vickers Securities, told Rigzone.

Tangguh Project Brings Joy to Job Market

Given the pessimistic outlook, the Tangguh Expansion Project (TEP) offered some relief in Indonesia for domestic upstream employment.

“The TEP demonstrates BP and its partners’ continued confidence in Indonesia and our commitment to work closely with the government to meet the country’s energy needs, while creating thousands of jobs,” BP CEO Bob Dudley said July 1 in a press release.

BP said the TEP will add a third LNG process train with a production capacity of 3.8 million tons per annum (Mtpa), bringing the total plant capacity to 11.4 Mtpa. It will also include two offshore platforms, 13 new production wells, an expanded LNG loading facility, and supporting infrastructure.

TEP will provide 10,000 jobs spread over the project period, with the partners expected to develop Tangguh’s Papuan workforce to meet the 85 percent Papuan skilled workforce commitment by 2029. BP plans to award key contracts for the project in the third quarter to meet the start-up date of 2020.

Most TEP jobs will be focused on “construction and drilling, especially drilling as the campaign is long-term. Expatriates may fill roles such as advisors, specialists and other posts that locals can’t do,” a government source said.

 

[skyhigh88]

KKR, Warburg Pincus in Talks to Invest in Indonesian Motorcycle-Hailing App
Go-Jek launched its services last year

By ALEC MACFARLANE and RICK CAREW in Hong Kong and P.R. VENKAT in Singapore
Updated July 15, 2016 5:25 a.m. ET
Wall Street Journal

A Go-Jek motorcycle transported a customer through the bustling streets of Jakarta, Indonesia, in March. PHOTO: DIMAS ARDIAN/BLOOMBERG NEWS

Big-name investors KKR & Co. and Warburg Pincus LLC are taking the “Uber bet” to a new extreme as they consider an investment in an Indonesian motorcycle-hailing app that would value the startup at more than $1 billion.

The private-equity firms are in discussions to participate in a fundraising round for PT Go-Jek that could raise around $400 million and value the Indonesian ride-hailing company at about $1.2 billion including the fresh funds, according to people familiar with the matter. Go-Jek, named after the motorcycle taxis, or ojeks, which customers can order through its app, is courting new and existing investors for the fundraising effort.

The people familiar with the situation said the round hasn’t been completed and the terms and participating investors could change.

Investors world-wide are pouring money into ride-hailing apps that are burning cash to fund subsidies to attract drivers to their platforms. Go-Jek offers cheap, on-demand motorcycle taxis that can be booked through smartphones. The company offers fixed prices and pickups, meaning passengers don’t need to haggle over prices at motorbike stands. It has also expanded its offerings into on-demand grocery shopping, delivery services, masseuses and beauticians, and has also ventured into offering cars and minivans.

If successful, Go-Jek’s fundraising round would elevate it into the small club of Southeast Asian startups valued at more than $1 billion. Beyond its larger competitor Grab, others billion-dollar startups include online game and messaging business Garena Interactive Holding Ltd.—valued at about $3.75 billion in a March funding round—and e-commerce company Lazada Group. In April, China’s Alibaba Group Holding Ltd. agreed to pay $1 billion for a majority stake in Lazada.

Heavy gridlock on the streets of Indonesia, Southeast Asia’s most populous country and its largest economy, makes motorbike services a popular ride-hailing option for customers looking to cut through traffic. The country’s ratio of motorbikes and scooters to cars was 10 to one in 2014, according to the Indonesian Automotive Industry Association.

Go-Jek competes for Indonesian passengers with ride-hailing companies like U.S.-based rival Uber Technologies Inc., whose valuation of nearly $68 billion makes it the world’s most valuable startup, and Singapore-based GrabTaxi Holdings Pte Ltd., which operates across Southeast Asia and was valued at $1.6 billion in a funding round last year. Indonesia is home to a population of more than 250 million people. About 30 million of those people live in Jakarta, the capital.

Go-Jek launched its app in January 2015 and operates in 10 Indonesian cities. Both Uber and Grab began as car-hailing companies but have also moved into offering motorbikes. In 2014 Grab launched GrabBike, which now operates in five cities in Indonesia. Uber also started offering motorcycle bookings in February with the launch of UberMotor, which it currently offers in three Indonesian cities. Go-Jek’s app was the most downloaded of the three companies in Indonesia in the first quarter of this year, according to mobile-app analytics firm App Annie, followed by Grab then Uber.

Grab says that Indonesia has become its largest market by completed rides across all of its platforms. This week, it said its GrabBike offering quadrupled in Indonesia so far this year, despite cutting subsidies in half.

Go-Jek has been burning cash as it provides subsidies to attract riders to its platform. The company spent $73 million between October 2015 and March 2016 to grow its business, leaving it with just over $100 million in the bank as of March, according to an investor presentation viewed by The Wall Street Journal. That cash spent resulted in a 12% growth in passengers for its service over that period as the company cut driver subsidies and reduced fare prices, the presentation said.

Go-Jek completed an average of about 340,000 bookings a day in January 2016, according to the investor presentation. Rides aren’t expensive: The average fare for Go-Jek was just $3 over the 12-month period through January 2016, the presentation said.

Jakarta-based Go-Jek’s existing investors include DST Global, run by Russian billionaire Yuri Milner, who made his name with early bets on Facebook Inc. and Twitter Inc. Others include venture-capital firm Sequoia Capital and NSI Ventures, a unit of Northstar Group, the Southeast Asian private-equity firm whose backers include U.S. buyout giant TPG Capital.

Other similar businesses in Indonesia include LadyJek, which specializes in female drivers for women who don’t want to sit behind a male stranger. Another is Ojek Syar’i, whose drivers are all Muslim women. Most services offer rain gear for wet days and insurance coverage in case of accidents.


—Newley Purnell in Singapore and Resty Woro Yuniar in Jakarta, Indonesia contributed to this article.

 

[Nike]

Indonesia considers foreign investors to set up joint fishery company in Natuna
Kamis, 21 Juli 2016 05:18 WIB | 632 Views

Jakarta (ANTARA News) - The Indonesian government is considering to invite foreign investors for setting up a joint venture in the fishery field in Natuna, Riau Islands Province.

An opportunity for cooperation would be opened for fishery industry in Natuna, estimated to yield one million tons of fish annually, Coordinating Minister for Political, Legal and Security Affairs, Luhut Binsar Pandjaitan, said at a gathering over a coffee in the morning with the press here on Wednesday.

Indonesia has invited China and Japan to help boost the economic development and create jobs for local people, he added.

The joint venture industry will be supported by thousands of traditional fishermen operating boats weighing 30 GWT and below from Javas northern coastal area as they are allowed to catch fish in Natuna waters by the Central Government.

The government will also set a schedule for fishing period in Natuna waters to ensure sustainable fishery, he said.

"Now, we catch fish routinely, and hope to earn around Rp100 trillion in state revenue per year from Natuna," he stated.

President Joko Widodo has ordered construction of infrastructure and a cold storage in Natuna. Natuna will be developed into a regional fish auction center like the one in Japan.

He stressed that the fishery industry in Natuna needs to be boosted and accelerated because the catchment capacity in Natuna is so far only nine percent of its potential.

Natuna, one of Indonesias outermost regions, is known to have one of the largest oil and gas reserves in the world and its fish-rich seas have attracted foreign fishing boats to poach in its waters.

To stop such poaching, President Joko Widodos (Jokowis) administration is determined to protect the countrys natural resources and declare an all out fight against illegal fishing activities.(*)

http://www.antaranews.com/en/news/1...ors-to-set-up-joint-fishery-company-in-natuna

 

[pr1v4t33r]

 

[JaiMin]

Is fish mostly used for export or domestic customer? I heard Indonesian prefer meat to seafood? @madokafc

 

[kaka404]

Is fish mostly used for export or domestic customer? I heard Indonesian prefer meat to seafood? @madokafc

i dunno where you heard that. but that is somewhat incorrect.
the consumption of seafood in indonesia on average is actually higher then meat. and if i'm not mistaken indonesian seafood consumption per capita is somewhat higher then the world's average.

as for export vs domestic market number if i'm not mistaken they are roughly the same... few years ago indonesian seafood production is somewhere below 16 million tonnes per year, while only 7ish million tonnes went to the domestic market.
keep in mind however that from those 16 million tonnes roughly 2/3 of the seafood are from aquacultures. the maximum number of fish that are allowed to be obtain from the sea in indonesia is around 6 million tonnes per year.
ps: indonesia also import some type of seafood. but the number of seafood imported are insignificant if we compare it with the numbers above.

 

[JaiMin]

i dunno where you heard that. but that is somewhat incorrect.
the consumption of seafood in indonesia on average is actually higher then meat. and if i'm not mistaken indonesian seafood consumption per capita is somewhat higher then the world's average.

as for export vs domestic market number if i'm not mistaken they are roughly the same... few years ago indonesian seafood production is somewhere below 16 million tonnes per year, while only 7ish million tonnes went to the domestic market.
keep in mind however that from those 16 million tonnes roughly 2/3 of the seafood are from aquacultures. the maximum number of fish that are allowed to be obtain from the sea in indonesia is around 6 million tonnes per year.
ps: indonesia also import some type of seafood. but the number of seafood imported are insignificant if we compare it with the numbers above.

K, ty i heard it from Indonesian mem in reddit in he said people prefer meat chicken and meat to seafood and most Indomie flavour are meat

 

[pr1v4t33r]

Innovation and Change: Forging the New Canada-Indonesia Partnership

 

[Nike]

Is fish mostly used for export or domestic customer? I heard Indonesian prefer meat to seafood? @madokafc

what meat? red meats (especially cow meat) is really expensive here (thanks to some silly policy by the government), much more expensive than some exotic fish meat. Poultry products is much cheaper here than dairy products, so people usually bought poultry products like chicken meats and eggs compared to red meat and milks to getting their daily protein intakes.

 

[Nike]

Proyek LRT BekasiPekerja mengerjakan pembuatan tiang pancang untuk jalur transportasi kereta api ringan atau Light Rail Transit (LRT) di Jatibening, Bekasi, Jawa Barat, Kamis (21/7/2016). Pengerjaan jalur LRT sepanjang Bekasi Timur-Cawang dan Cawang-Dukuh atas tersebut ditargetkan selesai pada 2018. (ANTARA/Risky Andrianto)

Indonesia to hold national product fair in USA
Sabtu, 23 Juli 2016 01:31 WIB | 796 Views

Remarkable Indonesia Fair (RIF). (itpcla.com)

Jakarta (ANTARA News) - The Indonesian Trade Promotion Center (ITPC) and the Indonesian Consulate in Chicago, the United States of America (USA) seeks to enhance promotion of national products by organizing Remarkable Indonesia Fair (RIF) 2016 on July 23.

"The event not only introduces Indonesias goods and services, but also features the countrys diversities of culture, history, and economic potential to the American people, particularly in the Midwest," the Head of ITPC in Chicago, Wijayanto, said in a press release received by ANTARA News here.

He is optimistic that the event, which is being held for the first time in Chicago, will give a significant push to the governments efforts in improving its national branding in the US.

Although it is the first, Wijayanto is determined to make this exhibition an annual event in Chicago.

Businesses and governments have been facilitated with exhibition booths. The products displayed at the fair all relate to Indonesia.

The Indonesian government has put up notices in some public places to promote the event.

"We are also heavily promoting it on the social media. If you want more information, go to Facebook and Instagram @remarkableindonesiafair or clickwww.remarkableindonesiafair.com," Wijayanto said.

Some 33 businesses and government agencies will participate in the fair.
(Uu.KR-LWA/INE/KR-BSR/B003)

 

[Nike]

Pembangunan Jalan Layang Non TolAktivitas sejumlah pekerja di lokasi proyek JLNT Ciledug-Tendean di Jl. Trunojoyo, Jakarta, Jumat (22/7/2016). Pemprov DKI Jakarta akan menggandeng Badan Pemeriksa Keuangan (BPK) DKI untuk mengawasi proyek pembangunan jalan layang khusus bus Transjakarta Koridor XIII Ciledug-Tendean. (ANTARA /Reno Esnir)

Jalan Layang Atasi KemacetanKendaraan roda empat melintasi jalan layang non tol Kampung Melayu - Tanah Abang, Jakarta, Sabtu (26/9). Membangun jalan layang non tol menjadi salah satu cara Pemerintah Provinsi DKI Jakarta mengurai kepadatan lalu-lintas di Ibukota. (ANTARA FOTO/Hafidz Mubarak A.)

Peningkatan Sarana Transportasi DaratPekerja menyelesaikan pembangunan jalan layang (flyover) dan underpass di Simpang Surabaya, Banda Aceh, Rabu (18/5/2016). Pembangunan flyover sepanjang 315 meter dan underpass dengan anggaran Rp250 miliar dari APBN telah memasuki tahap pekerjaan kontruksi tiang beton dan pelebaran jalan dan ditargetkan selesai pada akhir 2017. (ANTARA FOTO/Irwansyah Putra/aww/16)