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wait for our bank expansion to malonsia, and let us know how many branch that malonsia give to us to set up offices.
i heard that malon's government prohibit our banks to setup branch in malonsia. i heard your govt are afraid...or will be doing some tricky then. :o

do me a favor, just ignore it
 
do me a favor, just ignore it

Some time ..tell the truth will make you "uncomfortable" ... but, many people want to join this forum because they want to open their perspective and mind .. .. not narrow minded like you ...

Please note that this is an "international forum" ...If you did not agree with my arguments/posts ... you can post your arguments with more accurate info to counter it... It is simple ..Agree ? ..
 
Breaking Travel News
Breaking Travel News is the leading online resource centre for travel industry executives. From market intelligence, trend analysis and breaking news to exclusive video interviews, the site provides all the information insiders need to keep their fingers on the travel pulse.

UNWTO praises Indonesia visa free travel initiative
17 hours ago
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(picture from http://lampungsae.com/)

The United Nations World Tourism Organisation has expressed its full support to the decision of the government of Indonesia to grant free visa to citizens from 169 countries.

The measure looks for attracting international tourism to the country by simplifying travel procedures and follows research by UNWTO and WTTC that shows that visa facilitation in the ASEAN economies could create between 333,000 to 654,000 new jobs in a period of three years.

The visa-free policy is valid for a maximum stay of 30 days, has no restriction on the number of visits per year, and is non neither extendable nor convertible to any other stay permit.

Nationals of visa-free countries can enter Indonesia in any of the 124 immigration check points that the country possesses.

“Indonesia is setting an example to the world. UNWTO welcomes the decision of the government of Indonesia which clearly reflects the commitment of the country with the development of the tourism sector as a driver of economic growth, jobs and well-being for its people” said UNWTO secretary general, Taleb Rifai.

UNWTO has been extensively advocating for the benefits of safe, secure and seamless travel as a means to promote tourism development and multiply socio-economic benefits of the sector.

According to the UNWTO/WTTC Report Impact of Visa Facilitation in ASEAN Member States, ASEAN stands to gain six to ten million additional international tourist arrivals from improved visa facilitation.

The additional receipts generated by these tourists could reach between US$7 and US$12 billion.

Progress has been made at global level yet many opportunities remain for improvement, namely through maximizing the use of new technologies.

http://www.breakingtravelnews.com/news/article/unwto-praises-indonesia-visa-free-travel-initiative/
 
The Jakarta Post
News Desk

Indonesia, Korea to collaborate in movie production

Jakarta | Thu, August 11 2016 | 06:50 am

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In a bid to increase the quality of local films, the Creative Economy Agency launched a cinema networking event in cooperation with the Korean Film Council (KOFIC) in Jakarta on Wednesday.

Dubbed Korea-Indonesia Cinema Global Networking, the three-day event comprises seminars on Korean and Indonesian film industries, Korea's integrated box office system and co-production study cases; presentations by 12 Korean and Indonesian firms involved in film production, animation and visual effects businesses; and one-on-one meetings between companies from both countries slated for Aug. 11-12.

KOFIC's Future Strategy Division chief director Lee Sang Seok told a press conference on Wednesday that he expected the event to bring about the first Korean-Indonesian co-produced film, which is most likely to be remake. "Creating opportunities of collaboration will not only just occur in the production of films; there's also the sharing of knowledge in technological advances along with animation and CGI."

Fauzan Zidni, a producer at Cinesurya Pictures, said co-production was a good step forward in developing and improving the local film industry. He provided examples of films co-produced with other countries, such as Dain Said’s thriller fantasy Interchange slated for release later this year that collaborates with Malaysia and starring Nicholas Saputra, and Fauzan's own upcoming movie directed by Mouly Surya, Marlina the Murderer in Four Acts, which is a co-production project with French producer Isabelle Glachant.

Co-producing movies with other countries could be very costly and complex as there is unimaginable difficulty in communication, especially with far off countries such as the US with the huge time difference and the need to translate almost every shape and form of the movie’s material between producers. However, the impact on the film industry is huge in the long-term, including access to a bigger and new market, financial resources from other countries, international locations to shoot, as well as opportunity to learn from each other.

Prior to the event, KOFIC launched a similar program in Vietnam and is currently co-producing a movie with the country.
 
Holding companies needed to fight global competition: Jokowi
President Joko “Jokowi” Widodo has said the establishment of several holding companies is aimed at improving the performances of Indonesia’s state-owned enterprises (SOEs) so they can become world-class companies and increase their role as the prime driver of the country’s economy amid tighter global competition.

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As such, the President said, every step in the establishment of the holding companies, which will supervise SOEs in various sectors, must be well-calculated.

During a limited meeting at the State Palace on Friday, Jokowi reiterated that SOEs should be able to play a role as the locomotive of the national economy and help realize the government’s road map toward the establishment of strong SOEs. It is therefore crucial to ensure that every stage of the establishment of an SOE is calculated properly, starting from the preparation phase to its formation, he went on.

"The establishment of the holding companies should not be merely seen as a strategy to cut state capital injections [...] It must be understood that the holding companies are intended to strengthen the role of SOEs amid tighter competition, especially on the global level," Jokowi said.

"It is hoped that SOEs can become world-class companies and I expect to be run with a paradigm that puts an SOE as a business corporation, as mandated in a Constitutional Court decision," he went on.

As reported earlier, the State-Owned Enterprises Ministry plans this year to create two more holding companies for two strategic sectors, namely food commodities and maritime affairs. The two holding companies will be established immediately after the government completes the establishment of five holding companies set to operate in five sectors, namely mining, energy, financial services, property and toll roads.

http://www.thejakartapost.com/news/...eeded-to-fight-global-competition-jokowi.html
 
Minister Says Tax Amnesty Program Will Boost GDP
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TEMPO.CO, Jakarta - Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan says that the tax amnesty program is expected to boost Indonesia’s gross domestic product (GDP).

“Our GDP is now almost US$ 1 trillion. With the implementation of this tax amnesty program, we hope it can rise until US$ 1.3 trillion or even until US$ 1.5 trillion,” he said in Bandung on Saturday (13/8).

Luhut added that the effects of this tax amnesty program were initially not calculated.

“We didn’t realize it when we designed this tax amnesty program that the people who already joined the program in 2015 can also take part in 2016, so there’s an evaluation of the asset values by only paying a fine of 2.5 percent,” he said.

According to Luhut, all businessmen who take part in this tax amnesty program will automatically evaluate the values of their assets that were reported.

“Eventually, it will evaluate our GDP,” he added.

Luhut further said that Indonesia’s GDP has positioned Indonesia in the G20 country group.

“Later on, we expect that we are no longer under the G20 country group but can even be in big 15, 16, or even 14. As a result, we won’t realize that our foreign debt ratio will decrease,” he added.

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BNN to Post Assign Personnel in China
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TEMPO.CO, Jakarta - In a bid to boost cooperation between Indonesia and China in the fight against drug abuse, the Indonesian anti-narcotics agency, the National Narcotics Agency (BNN) is set to assign a number of its personnel to be posted at China’s National Narcotics Control Commission (NNCC).

"We are planning to post several BNN’s officials at the NNCC and vice versa so that cooperation between the two sides, which began in 2012, will be more effective,” said BNN Chief Comr. Gem Budi Waseso to Indonesia’s state news agency Antara in Beijing on Saturday (13/8).

Budi added that BNN and NNCC have also agreed to cooperate to improve abilities to deal with drug abuses cases, such as through training and supports of modern devices.

"Cooperation between the two sides have successfully disclosed a number of major drug smuggling case through China to Indonesia. Therefore, cooperation on the exchange of intelligence information will be improved so that cooperation implementation can be more effective and efficient,” Budi said.

According to Budi, China is one of the major gates of the circulation of drugs in Indonesia, both through air and land.

RINI UTAMI | ANTARA
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KEIN: Economy Can Grow by 7 Percent

TEMPO.CO, Jakarta - Chairman of the Committee on National Economy and Industry (KEI) Soetrisno Bachir said economic growth could reach 7 percent in 2019.
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Indonesia has many natural resources and human resources to achieve the target, he said.

"If we have a national industry strategy roadmap that focuses on agribusiness, maritime, creative industries and tourism, we can achieve economic growth of 7 percent," said Soetrisno in Bogor on Sunday (14/8).

In addition, according to Sutrisno, the people’s mindset also needs to be changed in line with the implementation of the roadmap.

"We have inherited the mindset of people who do not love Indonesia. This roadmap will change the mindset of the love for foreign products into the love for domestic products," he added.

Sutrisno went on to say that the national industrial strategy roadmap that will be the benchmark for the government to bring welfare for the people through industrialization.

Improvement of social welfare will be faster with the acceleration of industrialization, he added.

Meanwhile, KEIN Vice Chairman Arif Budimanta said that to achieve economic growth of 7 percent, export growth should be higher than import growth.

"Exports should grow by at least 3 percent per year. In the meantime, imports should grow at the maximum of 2 percent per year. This is a strategy so the economy can grow by 7 percent," he said.

ANGELINA ANJAR SAWITRI
 
Balance of payment surplus predicted to continue this year
Sabtu, 13 Agustus 2016 11:58 WIB | 760 Views

Batam, Riau Islands (ANTARA News) - Bank Indonesia Governor Agus Martowardojo predicted the country would continue to chalk up surplus in its balance of payments for the rest of the year sustained by strong inflows in capital and financial account.

The countrys balance of payments left a surplus of US$2.2 billion in the second quarter of this year as against a deficit of US$300 million in the previous quarter.

"The surplus in the second quarter of this year was mainly as a result of capital and financial account. We see that it would continue for the rest of this year," Agus said here on Friday.

Agus, however, gave no figure in his prediction for the balance of payment surplus in the remaining two quarters of this year.

Bank Indonesia described the surplus in the second quarter of this year as encouraging after a deficit in the previous three month period.

The balance of payment is an indicator gauging economic transactions between a country and other countries including in current account, capital account and financial account.

According to Communication Executive Director of the Central Bank Tirta Segara, the surplus in the country balance of payments in the second quarter showed improvement in the countrys economic external balance , and helps sustain macro economic stability.

Tirta said the surplus was party attributable to a decline in the countrys current account deficit to US$4.7 billion (2 percent of the GDP) from US$4.8 billion in the first quarter of this year.

The current account deficit declined as a result of an increase in the trade surplus for commodities outside oil and gas.

Meanwhile deficit was still recorded in the oil and gas trade on shrinking oil production.

"Deficit in service account rose to follow the low seasonal pattern of service account," Tirta said.

The surplus in the capital and financial account in the second quarter of 2016 reached US$7.4 billion , up from US$4.6 billion in the previous quarter.

"This was sustained by inflows of portfolio investment capital. Net portfolio investment capital grew significantly to US$8.4 billion in the second quarter of 2016," he said.

The increase in the portfolio investment was attributable largely to the sales of global bond by the government and foreign net buy at stock market and rupiah state securities market. (*)
http://www.antaranews.com/en/news/106231/balance-of-payment-surplus-predicted-to-continue-this-year

Indonesian researchers breed anti-dengue mosquitoes
Kamis, 11 Agustus 2016 08:59 WIB | 738 Views

Solo, C. Java (ANTARA News) - Indonesian researchers from Gadjah Mada University, in collaboration with Eliminate Dengue Project (EDP) Yogayakarta are breeding mosquitoes with Wolbachia, a natural bacterium present in up to 60 percent of all species of insects, including mosquitoes.

"Wolbachia-containing mosquitoes do not transmit the dengue virus to humans," a researcher from EDP, Prof. Utarini said here Wednesday.

Wolbachia are bacteria that only live inside insect cells. However, they are not usually found in the Aedes aegypti mosquito, the primary species responsible for transmitting human viruses such as dengue, chikungunya, and zika.

Mosquito eggs will hatch and become adult mosquitoes, then they will mate with local mosquitoes and generate mosquitoes that contains Wolbachia, she explained.

In a certain period of time most Aedes aegypti mosquitoes in Yogyakarta will contain Wolbachia, which will ensure that the mosquitoes do not transmit the dengue virus to humans, Utarini added.

Breeding Wolbachia-containing mosquitoes is an effort to reduce the number of dengue cases, according to her.

Moreover, dengue has been a serious issue in Indonesia since 1960.

Breeding mosquitoes with Wolbachia is a safe, efficient, sustainable and environmentally friendly method in eradicating dengue, Utarini remarked.

"If mosquitoes in a certain area have contained Wolbachia, then the method is no longer reapplied," she said, and added that Wolbachia-containing mosquitoes will naturally breed in Aedes aegypti populations.

Yogyakarta has been chosen for the research as it has a high number of dengue cases, has a dense population, and Aedes aegypti are found throughout the year in all sub districts, Utarini said.

Wolbachia is a new promising technology to suppress the replication of dengue, chikungunya and zika viruses in Aedes aegypti, the World Health Organization (WHO) stated March 2016.(*)

http://www.antaranews.com/en/news/106191/indonesian-researchers-breed-anti-dengue-mosquitoes
 
Indonesian researchers breed anti-dengue mosquitoes
Kamis, 11 Agustus 2016 08:59 WIB | 738 Views

Solo, C. Java (ANTARA News) - Indonesian researchers from Gadjah Mada University, in collaboration with Eliminate Dengue Project (EDP) Yogayakarta are breeding mosquitoes with Wolbachia, a natural bacterium present in up to 60 percent of all species of insects, including mosquitoes.

"Wolbachia-containing mosquitoes do not transmit the dengue virus to humans," a researcher from EDP, Prof. Utarini said here Wednesday.

Wolbachia are bacteria that only live inside insect cells. However, they are not usually found in the Aedes aegypti mosquito, the primary species responsible for transmitting human viruses such as dengue, chikungunya, and zika.

Mosquito eggs will hatch and become adult mosquitoes, then they will mate with local mosquitoes and generate mosquitoes that contains Wolbachia, she explained.

In a certain period of time most Aedes aegypti mosquitoes in Yogyakarta will contain Wolbachia, which will ensure that the mosquitoes do not transmit the dengue virus to humans, Utarini added.

Breeding Wolbachia-containing mosquitoes is an effort to reduce the number of dengue cases, according to her.

Moreover, dengue has been a serious issue in Indonesia since 1960.

Breeding mosquitoes with Wolbachia is a safe, efficient, sustainable and environmentally friendly method in eradicating dengue, Utarini remarked.

"If mosquitoes in a certain area have contained Wolbachia, then the method is no longer reapplied," she said, and added that Wolbachia-containing mosquitoes will naturally breed in Aedes aegypti populations.

Yogyakarta has been chosen for the research as it has a high number of dengue cases, has a dense population, and Aedes aegypti are found throughout the year in all sub districts, Utarini said.

Wolbachia is a new promising technology to suppress the replication of dengue, chikungunya and zika viruses in Aedes aegypti, the World Health Organization (WHO) stated March 2016.(*)

http://www.antaranews.com/en/news/106191/indonesian-researchers-breed-anti-dengue-mosquitoes

Great this program was succesfull...
The program also supported by bill gates foundation.
 
Indonesian coffee brands have opportunity to meet global demand: AEKI
Jumat, 12 Agustus 2016 17:28 WIB | 984 Views
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Photo document of workers cooked traditionally of robusta coffee in one of the coffee powder processing production site in the village of Ie Masen, District Ulee Kareng, Banda Aceh, Aceh. (ANTARA/Irwansyah Putra)

Semarang (ANTARA News) - Local coffee brands have a huge opportunity to meet the global demand, according to the Indonesian Coffee Exporters Association (AEKI) of Central Java.

"There is steady demand for coffee from markets, such as Japan, the United States, Western Europe, Italy, and Spain. However, the demand from some countries has continued to increase from time to time," Deputy of AEKI of Central Java Mulyono Susilo noted here on Friday.

Some countries having high number of coffee lovers are South Korea, China, and several Eastern European nations.

According to Susilo, the International Coffee Organization has forecast that by 2020, there will be a deficit of 10 million bags of coffee, taking into account that one bag contains 60 kilograms of coffee.

"The deficit is due to an increase in consumption in China and producer countries, such as Indonesia and Vietnam. Indonesia has an opportunity to meet the worlds coffee deficit," Susilo pointed out.

He added this is challenge for the Indonesian government, exporters, and farmers to develop their coffee businesses from the upstream to downstream.

"We really hope the coffee farmers would put in greater efforts in their plantations," Mulyono remarked.

He also expressed hope that the coffee farmers would accept advice on growing the plants more productively by applying the pruning method.

Pruning is a necessary technique that is not only required to maintain a healthy tree but also to keep quality and yield at their highest levels.

"The coffee farmers in Indonesia are rarely implementing the pruning method," he noted, adding that this method could boost the production and quality of coffee.

Pruning has been implemented in Vietnam and Brazil.

After harvesting, the unproductive branches are pruned for encouraging the growth of new tissue, which helps to generate dense flowering.

"This is what increases their coffee production," he added.
(Uu.KR-LWA/INE/KR-BSR/A014)

http://www.antaranews.com/en/news/1...s-have-opportunity-to-meet-global-demand-aeki
 
Saudi Vision 2030 offers opportunities to Indonesian businesses
Sabtu, 13 Agustus 2016 11:54 WIB | 1.551 Views

Jakarta (ANTARA News) - A program called Saudi Vision 2030 offers opportunities to Indonesian entrepreneurs to expand their businesses to Saudi Arabia, an Indonesian government official.

"Saudi Arabia expects the program can wean the country away from its dependence on the energy sector," Head of Research and Policy Development for Asia-Pacific and African regions at the Ministry of Foreign Affairs Mohamad, Hery Saripudin, who is also a Consul-General candidate of the Republic of Indonesia in Jeddah, Saudi Arabia, said here Friday. .

Saudi Arabia is now intensively diversifying the countrys economic sector beyond energy, he added.

There are two reasons why Saudi Arabia strives to free itself from dependence on the energy sector that have been the mainstay of the country, according to him.

Firstly, the fall in world oil prices after the revocation of sanctions by the Western countries against Iran allows the country to freely distribute oil to the international market.

Secondly, the interest of Saudi Arabia to continue funding the leadership in the Middle East region increases spending in the state budget.

"Saudi Arabia needs a huge budget so it must diversify its economic resources, by privatization of strategic sectors, developing property, and so on. This is an opportunity for Indonesian businessmen to take part in it," he said.

The Middle East is a strategic region because of the large number of Indonesians living there, Hery added.

In addition, issues such as the Palestine and Sunni-Shiah conflicts frequently touch the Indonesians, who are mostly Muslims.

A number of tasks has been awaiting him in Jeddah, such as preserving national sovereignty, protecting and serving Indonesians, and building economic diplomacy and Indonesias leadership in multilateral organizations, among others, Hery said.(*)

http://www.antaranews.com/en/news/1...offers-opportunities-to-indonesian-businesses

Surabaya to build green belt around Benowo landfill
Jumat, 12 Agustus 2016 16:41 WIB | 561 Views
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Technicians control the generator room Waste Power Plant in Final Disposal at Benowo, Surabaya, East Java, on Thursday (August 11, 2016). (ANTARA/Didik Suhartono)

Surabaya (ANTARA News) - The Surabaya city government plans to plant trees on the green belt around the Benowo landfill to absorb the garbage odor.

"A good landfill must have a barrier in the form of a green belt," Surabaya Mayor Tri Rismaharini said while conducting an impromptu inspection of the landfill here on Thursday.

Risma, as the mayor is popularly called, said the green belt will help reduce the negative impact of the landfill on nearby residences. Therefore, the green belt will be developed with trees capable of absorbing the garbage odor.

The planned construction of the green belt is now entering the phase of land clearance. Nearly 100 hectares of land belonging to individuals and private companies will be cleared to make way for the construction of the green belt.

During the impromptu inspection, the mayor also visited a waste-to-energy plant at the Benowo landfill, which processes garbage into methane gas to produce electricity.

Part of the electricity is sold to state electricity company PT Perusahaan Listrik Negara (PLN) and the rest is used for the landfills operations.

Risma said the Benowo landfill is capable of producing 1.8 to 2 megawatts (MW) of electricity per day. Looking ahead, the city government will increase the electricity production by building a new waste-to-energy plant. Once the new power plant is completed, electricity production is expected to reach 10 MW per day.

However, she added that building a power plant is not as easy as building an apartment.

A good plan, land and supporting facilities are needed to build a power plant, she added.

(Reported by Abdul Hakim/Uu.S012/INE/KR-BSR)

http://www.antaranews.com/en/news/106211/surabaya-to-build-green-belt-around-benowo-landfill
 
GE committed to developing gas-based power plants in Indonesia
  • Anton Hermansyah
    The Jakarta Post
Jakarta | Fri, August 12 2016 | 01:24 pm
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From right to left, GE Indonesia CEO Handry Satriago, PLN corporate secretary Bambang Dwiyanto, XL Axiata president director Dian Siswarini and director of the Committee for the Acceleration of Priority Infrastructure Delivery (KPPIP) Projects Henry Toruan take part in The Jakarta Post's seminar ‘Accelerating Infrastructure Development’ in Jakarta on Aug. 9.(thejakartapost.com/Anton Hermansyah)
US-based technology company General Electric (GE) is committed to providing new technologies for gas-based power plants to support Indonesia's 35,000 megawatt (MW) program.

Currently, the company is developing automation technology specifically applied to gas-based power plants. It will ease human-machine interactions during the operation of the power plants.

“Our technology can create more efficiency in development. For example, the Gorontalo power plant, which uses our turbines, was built in only six months,” GE Indonesia CEO Handry Satriago said at a Jakarta Post seminar on "Accelerating Infrastructure Development" in Jakarta on Monday.

The development of the 100 MW power plant started in September 2015 and was finished in January 2016. GE supplied four turbines, each producing 25 MW of power.

Moreover, Handry said the company was committed to more power plant projects in the pipeline. “We will submit our proposals and follow several bids for every gas-based project in the 35,000 MW program,” Handry said. (ags)
http://www.thejakartapost.com/news/...ping-gas-based-power-plants-in-indonesia.html
 
Oman Plans to Build Refineries in Bontang and Kuala Tanjung
"We are discussing where they can build the fastest. They talked about Bontang. Will Bontang be faster to build, or will it be the one in North Sumatera, we are basically looking into it."
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KATADATA

Monday, 15 August 2016 | 09:49 WIB
Miftah Ardhian

The Ministry of State-owned Enterprises (SOE) received a visit from the Energy Minister of Oman, Mohammed bin Hamad Al Rumhy. At the meeting, Al Rumhy said that his country's oil companies are interested in investing in Indonesia.

Most of the investment would be in the construction and development of oil refineries, which is a priority for Indonesia. SOE Minister Rini Soemarno said that one company in particular, Oman Oil Company S.A.O.C., had expressed interest in building refineries in Bontang, North Kalimantan, and Kuala Tanjung, North Sumatera. (Read: Government Reviews Construction of 6 New Refineries).

Rini responded to the offer by reviewing which project can be worked on the soonest."We are discussing where they can build the fastest. They talked about Bontang. Will Bontang be faster to build, or will it be the one in North Sumatera, we are basically looking into it," she said at her office in Jakarta Friday (12/8).

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The government is in need of substantial funding to develop a number of oil and gas projects, including refinery construction. In addition to building new refineries, Pertamina also needs a lot of money to rejuvenate old refineries. (Read: Scheme Changed, Iran Given Offer to Co-develop Bontang Refinery).

On the same occasion the SOE Ministry's Deputy for Energy, Logistics, Regional and Tourism Businesses Edwin Hidayat Abdullah said that the Omani visit went beyond discussing the Bontang refinery. "Oman has only just expressed an interest in refinery investment. They are now surveying Bontang and Kuala Tanjung,"he said.

However, the investment plan in Bontang could be tricky because the government applies a government-to-business (G2B) partnership scheme for refineries, which prohibits Pertamina from directly appointing a partner.

Therefore, the development scheme needs to be revised to allow direct appointment of a partner by Pertamina. That would let Pertamina choose to have Oman as its work partner. (Read: Bontang Refinery Scheme Revision Requires Energy Minister's Approval).

Pertamina’s President Director Dwi Sutjipto claimed that the government plans to change the scheme to allow direct appointment. "At the moment, Bontang is still under a G2B scheme. But the construction could take some time, which is why the scheme is going to be changed to the one used for the Tuban Refinery (direct appointment)," Dwi said when releasing Pertamina's engineers to technology specialists in Jakarta Wednesday (10/8).

However, the scheme change must await the approval of Energy and Mineral Resources Minister Arcandra Tahar. According to the ministry's Director of Downstream Business Development, Setyorini Tri Hutami, there has been no instruction for a scheme change. "The change is just talk for now," she said at the Energy Ministry building Wednesday (10/8).

The Tuban and Bontang refinery projects are still being processed under the coordination of the Committee for the Acceleration of Provision of Priority Infrastructure (KPPIP) led by the Coordinating Ministry of Economic Affairs. The ministry's Energy Deputy Monty Girianna said they had not received a proposal about the scheme change. "We haven’t got one yet," he said.
 
Minister Says Tax Amnesty Program Will Boost GDP
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TEMPO.CO, Jakarta - Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan says that the tax amnesty program is expected to boost Indonesia’s gross domestic product (GDP).

“Our GDP is now almost US$ 1 trillion. With the implementation of this tax amnesty program, we hope it can rise until US$ 1.3 trillion or even until US$ 1.5 trillion,” he said in Bandung on Saturday (13/8).

Luhut added that the effects of this tax amnesty program were initially not calculated.

“We didn’t realize it when we designed this tax amnesty program that the people who already joined the program in 2015 can also take part in 2016, so there’s an evaluation of the asset values by only paying a fine of 2.5 percent,” he said.

According to Luhut, all businessmen who take part in this tax amnesty program will automatically evaluate the values of their assets that were reported.

“Eventually, it will evaluate our GDP,” he added.

Luhut further said that Indonesia’s GDP has positioned Indonesia in the G20 country group.

“Later on, we expect that we are no longer under the G20 country group but can even be in big 15, 16, or even 14. As a result, we won’t realize that our foreign debt ratio will decrease,” he added.

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Maybe in Indon .. you call his statement as 'Asal Bunyi or flip flop kehulu kehilir ...:cheesy:
 
This is become annoying, listen up you punny lil asshole, we indonesian member already being kind to you by not bullying you and your shitty country. Please help us all by just go die, make a thread of yourself then on how great mahatir was or how corrupts umno is or how your great malaysian people consume indonesian pop culture, indonesian movie, indonesian song etc etc etc.....
 

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