Indonesia Economy Forum
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UMNOPutra
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Another positive action from the Mighty Singapore to help Indonesia to support its legal enforcement over forest fire last year ...
You have to say "Thank You" to Singapore for their attention to your forest ...
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Singapore to pursue firms over forest fires, despite Indonesian ire
JAKARTA — Singapore is refusing to back down in its pursuit of those responsible for haze-belching forest fires in Southeast Asia last year, despite struggling to bring the perpetrators before the courts and drawing a sharp rebuke from neighbouring Indonesia.
Forest fires are part of an annual dry-season problem in Indonesia, started illegally to quickly and cheaply clear land for cultivation — particularly for palm oil and pulpwood.
But last year’s haze outbreak was among the worst in memory, shrouding Malaysia, Singapore, and parts of Thailand in acrid smoke and forcing school closures as pollution reached hazardous levels and thousands fell sick across the region.
http://www.todayonline.com/world/as...irms-over-forest-fires-despite-indonesian-ire
https://nasional.tempo.co/read/news...nvestigasi-4-perusahaan-diduga-pembakar-hutan
You have to say "Thank You" to Singapore for their attention to your forest ...
------
Singapore to pursue firms over forest fires, despite Indonesian ire
JAKARTA — Singapore is refusing to back down in its pursuit of those responsible for haze-belching forest fires in Southeast Asia last year, despite struggling to bring the perpetrators before the courts and drawing a sharp rebuke from neighbouring Indonesia.
Forest fires are part of an annual dry-season problem in Indonesia, started illegally to quickly and cheaply clear land for cultivation — particularly for palm oil and pulpwood.
But last year’s haze outbreak was among the worst in memory, shrouding Malaysia, Singapore, and parts of Thailand in acrid smoke and forcing school closures as pollution reached hazardous levels and thousands fell sick across the region.
http://www.todayonline.com/world/as...irms-over-forest-fires-despite-indonesian-ire
https://nasional.tempo.co/read/news...nvestigasi-4-perusahaan-diduga-pembakar-hutan
initial_d
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Good to the singaporean, most of those that set the fire are MALAYSIAN FIRM,
Good to the singaporean, most of those that set the fire are MALAYSIAN FIRM,
Robin Wong
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The prize is right as promised.. they must pay taxes on the prize money they get for winning...Kasihan betol nasib atlet Indon .. ..
KEJI!!! Bonus Tak Sesuai, Tontowi/Lilyana Jadi Korban Dusta
this also happens in any other countries in case you haven't noticed..
Friendly advice: please stop talking about things you don't know you sound like an ignorant as$..
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kaka404
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JAKARTA: Indonesian Olympic gold medal winners Tontowi Ahmad and Liliyana Natsir were given a hero's welcome on Tuesday (Aug 23) by hundreds of flag-waving fans as the badminton champions returned home.
They arrived at Jakarta airport to enthusiastic scenes from the waiting crowd, before travelling through the capital in an open-top, double-decker bus.
Ahmad thanked the sports minister and others who supported the players for "helping us achieve this success".
"Hopefully our success can be repeated by our juniors and other athletes, hopefully this will motivate them," he said.
At the welcoming ceremony, Sports Minister Imam Nahrawi hailed the players' victory as "the answer to eight years of yearning for an Olympic gold medal".
Ahmad and Natsir were Indonesia's only gold medal winners in Rio, beating Chan Peng Soon and Goh Liu Ying of Malaysia in the badminton mixed doubles.
It was the country's first Olympic gold since the Beijing games in 2008.
The players will both receive a tax-free bonus of five billion rupiah (US$380,000) for winning gold, as well as 20 million rupiah a month for the rest of their lives.
Indonesia pays the second-highest cash bonuses to its athletes who win Olympic gold, with only Singapore giving bigger payouts.
Also present at the welcoming ceremony were Indonesian weightlifters Sri Wahyuni and Eko Yuli Irawan, who both won silver in Rio. Indonesia won a total of three medals.
- AFP/ec
http://www.channelnewsasia.com/news/sport/olympics-hero-s-welcome/3067716.html
ps: Sri Wahyuni and Eko Yuli Irawan each receive 3 billion rupiah.
They arrived at Jakarta airport to enthusiastic scenes from the waiting crowd, before travelling through the capital in an open-top, double-decker bus.
Ahmad thanked the sports minister and others who supported the players for "helping us achieve this success".
"Hopefully our success can be repeated by our juniors and other athletes, hopefully this will motivate them," he said.
At the welcoming ceremony, Sports Minister Imam Nahrawi hailed the players' victory as "the answer to eight years of yearning for an Olympic gold medal".
Ahmad and Natsir were Indonesia's only gold medal winners in Rio, beating Chan Peng Soon and Goh Liu Ying of Malaysia in the badminton mixed doubles.
It was the country's first Olympic gold since the Beijing games in 2008.
The players will both receive a tax-free bonus of five billion rupiah (US$380,000) for winning gold, as well as 20 million rupiah a month for the rest of their lives.
Indonesia pays the second-highest cash bonuses to its athletes who win Olympic gold, with only Singapore giving bigger payouts.
Also present at the welcoming ceremony were Indonesian weightlifters Sri Wahyuni and Eko Yuli Irawan, who both won silver in Rio. Indonesia won a total of three medals.
- AFP/ec
http://www.channelnewsasia.com/news/sport/olympics-hero-s-welcome/3067716.html
ps: Sri Wahyuni and Eko Yuli Irawan each receive 3 billion rupiah.
UMNOPutra
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This is a "good" news not only for the winner .. but also for other Indon athletes ....
There will be some thing "wrong" if country with population more than 250 million can not compete with other small countries in the world and/or regional event ...
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"Satu Lagi" Bank from Malaysia invaded Indonesia ...
Thank you for Indonesia to open their house for our banks ... As offered by Jokowi ,, it woul be better if we can also take over the majority shares of your banks like Mandiri, BTN, BNI and BRI ... So, we can expand them not only as one of biggest bank in Indonesia .. but also in the region with rating AAA ...
PETALING JAYA: RHB Banking Group could likely be Malaysia’s third banking group to commence commercial banking operations in Indonesia in the wake of the recent bilateral agreement to allow banks greater access to each other’s jurisdictions.
Analysts and industry observers agree that after the banking group’s unsuccessful attempt to acquire PT Bank Mestika Dharma Tbk, the bilateral agreement has opened doors for the fourth-largest banking group in the country to once again pursue its expansion plans into South-East Asia’s largest economy.
There is stronger credit growth in Indonesia and return on equity (ROE) is also higher for Indonesian banks compared to their counterparts in Malaysia, which would be a pull factor for RHB to expand its operations there, industry observers concurred.
http://www.thestar.com.my/business/business-news/2016/08/22/rhb-commercial-bank-in-indonesia-likely/
initial_d
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Dream on mate, all the big indonesian Bank that you so interested on are state own Bank and considered strategic to Indonesia economy and never be sold, especially to foreigner, beside the net worth of those Bank are bigger than any MALAYSIAN Bank, so keep on dreaming,This is a "good" news not only for the winner .. but also for other Indon athletes ....
There will be some thing "wrong" if country with population more than 250 million can not compete with other small countries in the world and/or regional event ...
------------------
"Satu Lagi" Bank from Malaysia invaded Indonesia ...
Thank you for Indonesia to open their house for our banks ... As offered by Jokowi ,, it woul be better if we can also take over the majority shares of your banks like Mandiri, BTN, BNI and BRI ... So, we can expand them not only as one of biggest bank in Indonesia .. but also in the region with rating AAA ...
PETALING JAYA: RHB Banking Group could likely be Malaysia’s third banking group to commence commercial banking operations in Indonesia in the wake of the recent bilateral agreement to allow banks greater access to each other’s jurisdictions.
Analysts and industry observers agree that after the banking group’s unsuccessful attempt to acquire PT Bank Mestika Dharma Tbk, the bilateral agreement has opened doors for the fourth-largest banking group in the country to once again pursue its expansion plans into South-East Asia’s largest economy.
There is stronger credit growth in Indonesia and return on equity (ROE) is also higher for Indonesian banks compared to their counterparts in Malaysia, which would be a pull factor for RHB to expand its operations there, industry observers concurred.
http://www.thestar.com.my/business/business-news/2016/08/22/rhb-commercial-bank-in-indonesia-likely/
Indonesia are open For Investment, unlike protected Malaysian economy, thats why Indonesia fatr better than your ill economy, cheers
kaka404
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Palapa Ring Project Indonesia: Construction West Section to Start
23 August 2016 |
The West section of Indonesia's Palapa Ring project is ready for construction according to the Indonesian Communication and Information Ministry. The majority of funds for the West Palapa Ring section - estimated to require IDR 1.28 trillion (approx. USD $97 million) in total - are ready to be disbursed. The Palapa Ring project, which consists of three sections (the West, Central and East sections), is one of Indonesia's priority infrastructure projects. It involves a huge undersea fiber-optic cable network that will offer faster broadband to the entire archipelago.
The signing of a contract between Indonesia's Communication and Information Ministry (responsible for the Palapa Ring project) and local company PT Palapa Ring Barat (winner of the tender for the construction of the West section of the Palapa Ring) will ensure the disbursement of the funds. PT Palapa Ring Barat is a consortium consisting of Mora Telematika Indonesia and Ketrosden Triasmitra. Meanwhile, the independent supervisor for the project is local company PT Surveyor Indonesia. Some preliminary work on the West Palapa Ring had already been undertaken earlier. Rudiantara, Indonesian Minister for Communication and Information, said these activities were financed by internal cash reserves of PT Palapa Ring Barat.
Last month, state-controlled financial institution Bank Mandiri agreed to a IDR 875 billion (approx. USD $66.2 million) loan for the West Palapa Ring project. This loan has an eight year term with a grace period of two years. These funds will be used to finance the construction of fiber optic networks in five cities and regencies in the Riau Islands. This will require some 1,980 kilometers of optic fiber cable.
Besides the above-mentioned loan, Bank Mandiri will also provide financial assistance in the form of a non-cash loan. This involves a domestic credit letter (LC/SKBDN) and a treasury line to help smoothen the procurement of materials and equipment for the project.
The Palapa Ring project has been on the agenda of Indonesian authorities since the late 1990s. However, the Asian financial crisis in 1997-1998 and the tough road toward becoming a full democracy consumed lots of time and energy and therefore the Palapa Ring project was postponed (in the 1990s the project was still known under the name 'Nusantara 21'). After the central government of Indonesia renewed its focus on infrastructure development, made the project a priority project, and agreed to guarantee the Palapa project through state-owned financing guarantee company Penjamin Infrastruktur Indonesia, the private sector finally became more willing to participate the project.
The project, which is the first government-to-business cooperation scheme within the nation's telecommunications industry, involves a vast undersea fiber-optic cable network that stretches across some 13,000 kilometers as well as an onshore network of nearly 22,000 kilometers. The main aim of the project is to provide fast broadband Internet to all Indonesians, in both urban and rural areas. The whole project (West, Central and East sections) should be completed by 2019.
23 August 2016 |
The West section of Indonesia's Palapa Ring project is ready for construction according to the Indonesian Communication and Information Ministry. The majority of funds for the West Palapa Ring section - estimated to require IDR 1.28 trillion (approx. USD $97 million) in total - are ready to be disbursed. The Palapa Ring project, which consists of three sections (the West, Central and East sections), is one of Indonesia's priority infrastructure projects. It involves a huge undersea fiber-optic cable network that will offer faster broadband to the entire archipelago.
The signing of a contract between Indonesia's Communication and Information Ministry (responsible for the Palapa Ring project) and local company PT Palapa Ring Barat (winner of the tender for the construction of the West section of the Palapa Ring) will ensure the disbursement of the funds. PT Palapa Ring Barat is a consortium consisting of Mora Telematika Indonesia and Ketrosden Triasmitra. Meanwhile, the independent supervisor for the project is local company PT Surveyor Indonesia. Some preliminary work on the West Palapa Ring had already been undertaken earlier. Rudiantara, Indonesian Minister for Communication and Information, said these activities were financed by internal cash reserves of PT Palapa Ring Barat.
Last month, state-controlled financial institution Bank Mandiri agreed to a IDR 875 billion (approx. USD $66.2 million) loan for the West Palapa Ring project. This loan has an eight year term with a grace period of two years. These funds will be used to finance the construction of fiber optic networks in five cities and regencies in the Riau Islands. This will require some 1,980 kilometers of optic fiber cable.
Besides the above-mentioned loan, Bank Mandiri will also provide financial assistance in the form of a non-cash loan. This involves a domestic credit letter (LC/SKBDN) and a treasury line to help smoothen the procurement of materials and equipment for the project.
The Palapa Ring project has been on the agenda of Indonesian authorities since the late 1990s. However, the Asian financial crisis in 1997-1998 and the tough road toward becoming a full democracy consumed lots of time and energy and therefore the Palapa Ring project was postponed (in the 1990s the project was still known under the name 'Nusantara 21'). After the central government of Indonesia renewed its focus on infrastructure development, made the project a priority project, and agreed to guarantee the Palapa project through state-owned financing guarantee company Penjamin Infrastruktur Indonesia, the private sector finally became more willing to participate the project.
The project, which is the first government-to-business cooperation scheme within the nation's telecommunications industry, involves a vast undersea fiber-optic cable network that stretches across some 13,000 kilometers as well as an onshore network of nearly 22,000 kilometers. The main aim of the project is to provide fast broadband Internet to all Indonesians, in both urban and rural areas. The whole project (West, Central and East sections) should be completed by 2019.
skyhigh88
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ASIAN OIL & GAS
Indonesia ends oil production decline
Written by Audrey Raj
Tuesday, 23 August 2016 23:30
Indonesia has managed to increase oil production this year, a first for the country since 2008, mainly due to output from the Banyu Urip Field within the Cepu Block in East Java.
Following years of a declining trend, daily crude production increased by 6.2% from 786,000 bbl/d in 2015 to 834,000 bbl/d in July 2016, the country’s upstream regulator SKK Migas reported.
The increase in production mainly comes from Banyu Urip Field, which has been in a full scale production, said Amien Sunaryadi, chairman of SKK Migas.
He said other projects, such as the ones by the Cooperation Contract Contractors also exceeded production targets that were set out in the 2016 work program and budget.
“The upstream oil and gas industry in the past two years has been facing severe challenges as a result of the decline in world oil prices. Nevertheless, the industry still managed to make some significant achievements,” Sunaryadi said.
Indonesia which re-gained its status as the only Asian member of the Organization of the Petroleum Exporting Countries (OPEC) in December 2015, has historically seen a decline in oil production due to aging fields and limited investment.
As domestic demand was exceeding production, the country become a net importer of petroleum by 2004, despite being resource-rich. Currently, Indonesia is in a transitional phase and is beginning to slowly attract the interest of international investors.
Since the start of the year the government has approved 21 field developments plans to-date. The 18 projects approved from January-April 2016 alone amounts to about US$1.496 billion in investment, and cumulative production of 45 MMbbl of oil and condensate and 271 Bcf of natural gas.
Investment levels in the industry increased by 15% from $19.3 billion in 2014 to $22.2 billion in 2015 and are forecast to increase to $23.9 billion in 2016, a research by PwC showed.
The report, 7th edition of the PwC Indonesia Oil and Gas in Indonesia - Investment and Taxation Guide, indicated that in 2014 there were seven new oil and gas contracts signed, with a further 12 contracts in 2015.
According to PwC, the Indonesian government is attempting to incentivize investment and has also improved production sharing splits in recent bid rounds with targeted “after-tax” returns for oil increased from 15%-25% and for gas from 30%-35% to 40%.
In May 2016, as a result of weaker response from its 2015 oil and gas bidding round, the Indonesian Ministry of Energy and Mineral Resources said it will review incentives to increase the exploration of new reserves in the country.
This includes extension of exploration period from 6-10 years, and ministerial regulation to open oil and gas data to investors. Currently, companies keen to view oil and gas data in Indonesia have to submit an application to the government, plus pay a fair some of administration cost.
The country is also in the midst of expanding its maritime sector through the implementation of a new shipbuilding policy for floating production storage and offloading (FPSO) vessels, in an attempt to boost domestic shipbuilding.
This will see FPSOs needed for exploration and production activities in Indonesia be constructed and converted locally, as opposed to outsourcing projects to shipbuilders abroad. Indonesia has more than 100 shipyards, which produce an average of about 100 ships for different purposes each year.
http://www.aogdigital.com/geoscience/item/6052-indonesia-ends-oil-production-decline
Indonesia ends oil production decline
Written by Audrey Raj
Tuesday, 23 August 2016 23:30
Indonesia has managed to increase oil production this year, a first for the country since 2008, mainly due to output from the Banyu Urip Field within the Cepu Block in East Java.
Following years of a declining trend, daily crude production increased by 6.2% from 786,000 bbl/d in 2015 to 834,000 bbl/d in July 2016, the country’s upstream regulator SKK Migas reported.
The increase in production mainly comes from Banyu Urip Field, which has been in a full scale production, said Amien Sunaryadi, chairman of SKK Migas.
He said other projects, such as the ones by the Cooperation Contract Contractors also exceeded production targets that were set out in the 2016 work program and budget.
“The upstream oil and gas industry in the past two years has been facing severe challenges as a result of the decline in world oil prices. Nevertheless, the industry still managed to make some significant achievements,” Sunaryadi said.
Indonesia which re-gained its status as the only Asian member of the Organization of the Petroleum Exporting Countries (OPEC) in December 2015, has historically seen a decline in oil production due to aging fields and limited investment.
As domestic demand was exceeding production, the country become a net importer of petroleum by 2004, despite being resource-rich. Currently, Indonesia is in a transitional phase and is beginning to slowly attract the interest of international investors.
Since the start of the year the government has approved 21 field developments plans to-date. The 18 projects approved from January-April 2016 alone amounts to about US$1.496 billion in investment, and cumulative production of 45 MMbbl of oil and condensate and 271 Bcf of natural gas.
Investment levels in the industry increased by 15% from $19.3 billion in 2014 to $22.2 billion in 2015 and are forecast to increase to $23.9 billion in 2016, a research by PwC showed.
The report, 7th edition of the PwC Indonesia Oil and Gas in Indonesia - Investment and Taxation Guide, indicated that in 2014 there were seven new oil and gas contracts signed, with a further 12 contracts in 2015.
According to PwC, the Indonesian government is attempting to incentivize investment and has also improved production sharing splits in recent bid rounds with targeted “after-tax” returns for oil increased from 15%-25% and for gas from 30%-35% to 40%.
In May 2016, as a result of weaker response from its 2015 oil and gas bidding round, the Indonesian Ministry of Energy and Mineral Resources said it will review incentives to increase the exploration of new reserves in the country.
This includes extension of exploration period from 6-10 years, and ministerial regulation to open oil and gas data to investors. Currently, companies keen to view oil and gas data in Indonesia have to submit an application to the government, plus pay a fair some of administration cost.
The country is also in the midst of expanding its maritime sector through the implementation of a new shipbuilding policy for floating production storage and offloading (FPSO) vessels, in an attempt to boost domestic shipbuilding.
This will see FPSOs needed for exploration and production activities in Indonesia be constructed and converted locally, as opposed to outsourcing projects to shipbuilders abroad. Indonesia has more than 100 shipyards, which produce an average of about 100 ships for different purposes each year.
http://www.aogdigital.com/geoscience/item/6052-indonesia-ends-oil-production-decline
UMNOPutra
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KUALA LUMPUR: AirAsia will reward all five Olympic gold medal winners from Asean nations with free flights for life, group chief executive officer Tan Sri Tony Fernandes announced today. "What an Olympics this was for Asean," Fernandes wrote on his Facebook page.
"Airasia which has its roots in Asean wants to reward those who gave us so much joy. Also they taught and reminded us Never to give up on your dreams and never stop believing you can be the best in the world."
Asean nations registered five gold medals through Vietnam's shooter Hoang Xuan Vinh, Singaporean swimmer Joseph Schooling, Indonesian badminton pair Tontowi Ahmad and Liliana Natsir and Thai weightlifters Sopita Tanasan and Sukanya Srisurat.
In all, Asean nations registered 18 medals at the Olympic Games in Rio de Janeiro. Malaysia, with four silver and a bronze medal, also returned with its best ever Olympic performance since debuting in 1956. "We want all Asean to believe they can be the best in the world. Thank you to all the medalists for making us dream and believe," Fernandes said.
When contacted, Fernandes said the budget carrier will reward the 10 silver medal winners from Asean nations with free flights for the next five years, while the three bronze medallists will receive free flights for the next three years.
http://www.nst.com.my/news/2016/08/...lists-get-free-flights-life-says-airasia-boss
"Airasia which has its roots in Asean wants to reward those who gave us so much joy. Also they taught and reminded us Never to give up on your dreams and never stop believing you can be the best in the world."
Asean nations registered five gold medals through Vietnam's shooter Hoang Xuan Vinh, Singaporean swimmer Joseph Schooling, Indonesian badminton pair Tontowi Ahmad and Liliana Natsir and Thai weightlifters Sopita Tanasan and Sukanya Srisurat.
In all, Asean nations registered 18 medals at the Olympic Games in Rio de Janeiro. Malaysia, with four silver and a bronze medal, also returned with its best ever Olympic performance since debuting in 1956. "We want all Asean to believe they can be the best in the world. Thank you to all the medalists for making us dream and believe," Fernandes said.
When contacted, Fernandes said the budget carrier will reward the 10 silver medal winners from Asean nations with free flights for the next five years, while the three bronze medallists will receive free flights for the next three years.
http://www.nst.com.my/news/2016/08/...lists-get-free-flights-life-says-airasia-boss
ShioTikus
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why u letak Lee Chong Wei picture di sini?
tak malu ke?
imho, Jibby and kak Ros picture lagi bagus.
kaka404
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Internet Service Providers Association to Hold Expo and Summit in November
Jakarta. The Indonesia Internet Service Providers Association, or APJII, will celebrate its 20th anniversary with an exhibition and summit in November amid rapid growth in the industry, with the total number of users already exceeding 100 million.
The Indonesia Internet Expo and Summit (IIXS) will host key people and companies from the telecommunication and information technology industries who will be able to demonstrate, promote and exhibit their products, as well as address recent issues during panel discussions moderated by experts.
"We want people to meet and connect to create new business networks," APJII chairman Jamalul Izza said.
APJII secretary general Henri Kasyfi Soemartono added: "More than 70 percent of the total Internet content circulating in Indonesia comes from other countries. That's why we need local content providers to participate and grow their businesses together."
Members of the public attending the expo will also be allowed to join and follow workshops by filmmakers, game developers, digital startups and artists who have become prominent on the Internet.
Satellite
The APJII also hopes to set up a digital cooperation business unit to provide Internet access to all regions in Indonesia by acquiring its own collectively funded satellite.
"We have prepared the scheme and started to have a discussions with lots of people. We have also opened communications with the government, who has given us its blessing to have our own satellite," Henri said.
The idea might seem overly ambitious, but the APJII has already started to collect funds from its member in order to achieve its goal in three years.
"The idea may sound crazy, but it makes sense. It's not too late [to do it], since the market is still growing," Jamalul said. He added that IIXS 2016 will be used to promote the plan and source funding for the satellite.
IIXS 2016 will take place at Balai Kartini in South Jakarta on Nov. 22-24.
http://jakartaglobe.beritasatu.com/...viders-association-hold-expo-summit-november/
Jakarta. The Indonesia Internet Service Providers Association, or APJII, will celebrate its 20th anniversary with an exhibition and summit in November amid rapid growth in the industry, with the total number of users already exceeding 100 million.
The Indonesia Internet Expo and Summit (IIXS) will host key people and companies from the telecommunication and information technology industries who will be able to demonstrate, promote and exhibit their products, as well as address recent issues during panel discussions moderated by experts.
"We want people to meet and connect to create new business networks," APJII chairman Jamalul Izza said.
APJII secretary general Henri Kasyfi Soemartono added: "More than 70 percent of the total Internet content circulating in Indonesia comes from other countries. That's why we need local content providers to participate and grow their businesses together."
Members of the public attending the expo will also be allowed to join and follow workshops by filmmakers, game developers, digital startups and artists who have become prominent on the Internet.
Satellite
The APJII also hopes to set up a digital cooperation business unit to provide Internet access to all regions in Indonesia by acquiring its own collectively funded satellite.
"We have prepared the scheme and started to have a discussions with lots of people. We have also opened communications with the government, who has given us its blessing to have our own satellite," Henri said.
The idea might seem overly ambitious, but the APJII has already started to collect funds from its member in order to achieve its goal in three years.
"The idea may sound crazy, but it makes sense. It's not too late [to do it], since the market is still growing," Jamalul said. He added that IIXS 2016 will be used to promote the plan and source funding for the satellite.
IIXS 2016 will take place at Balai Kartini in South Jakarta on Nov. 22-24.
http://jakartaglobe.beritasatu.com/...viders-association-hold-expo-summit-november/
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