Indonesia Economy Forum

[Nike]

Indonesian Ice Cream Companies in Focus: Campina Ice Cream Industry
22 January 2018 |

• Adji Andjono
• CAMP
• Campina Ice Cream Industry
• Ice Cream

Indonesian ice cream producer Campina Ice Cream Industry targets to see a 10 percent year-on-year (y/y) increase in sales in 2018 supported by business expansion in the form of new products and rising ice cream consumption amid several big events that are staged in 2018. This year the company plans to launch up to six new ice cream products in an effort to lure consumers.

Adji Andjono, Marketing Director at Campina Ice Cream Industry, said the launch of new ice cream products will also "refresh" the Campina brand in the eyes of the consumer. This year the company plans also optimize the use of licenses it obtained from Nickelodeon and Walt Disney for the use certain cartoon characters (Ninja Turtles and Spongebob Squarepants) for several of the company's ice cream lines. Considering these ice cream products are likened by many children, the company has high hopes for new products with images or shapes of popular cartoon characters.

This year the company will also focus on expansion of its distribution and sales network, particularly outside the island of Java, in an effort to boost its market share in the ice cream market. Currently, Campina Ice Cream Industry is estimated to control about 20-25 percent of Indonesia's ice cream market. The company now has 30 distributors across the country but Andjono said it now targets to penetrate the smaller cities.

For its business expansion plans, Campina Ice Cream Industry allotted IDR 50 billion (approx. USD $3.8 million) to its 2018 capital expenditures (capex) budget, up around 10 percent compared to last year's budget. Part of capex will be used to replace its freezers.

Campina Ice Cream Industry, which was established in 1972, is also considering to build a new ice cream factory in West Java. Currently, the company has one factory, located in Surabaya (East Java) with an installed production capacity of 30 million liters of ice cream per year. It is also studying plans to renovate its existing factory in order to increase its capacity.

Andjono is convinced that sales of Campina Ice Cream Industry can pass beyond IDR 1 trillion (approx. USD $75 million) in 2018 as there are a couple of factors at play that should impact positively on the company's performance. Firstly, there is the plan to raise regional minimum wages in Indonesia by an average of 8.71 percent, hence boosting people's purchasing power across the Archipelago.

Secondly, there are several big events to be staged in Indonesia this year, most notably the local elections and the Asian Games. During these events (or in the case of elections: ahead of the event, namely during campaigning when many mass gatherings are held) people consume more food and drinks, including ice cream.

https://www.indonesia-investments.c...-in-focus-campina-ice-cream-industry/item8522

 

[pr1v4t33r]

EU says drops Indonesia biodiesel antidumping appeals

The EU council has withdrawn its appeals against the lifting of antidumping duties on biodiesel imports from Indonesia and Argentina, EU Council press officer for trade Maria Tomasik said Monday. "Council agrees to withdraw appeals to the ECJ on six biodiesel duty cases related to imports from Indonesia and Argentina," Tomasik said in a tweet.

This will mean the removal of antidumping duties that have been in place since November 2013 and could trigger an influx of palm-derived and soybean-derived biodiesel into Europe.

The EU Council represents national governments of member states.

The flows of PME and SME had waned considerably since the introduction of these antidumping duties. But flows from Argentina resumed in September following the reduction of antidumping duties.

The General Court of the European Union, delivered rulings in September 2016 to annul duties that the EU set for five years from 2013. This prompted Argentina and Indonesia to launch challenges at the European courts, which delivered a successful verdict for Argentina in September 2017.

There had been rumors in the market over the previous week of the removal of then Indonesian antidumping duties, with prices falling significantly and flattening over the curve in anticipation of increased biodiesel flows driving up stock levels in Europe.

"Look where FAME 0 is trading -- it is down sharply the past three days," said a European market source Friday, as S&P Global Platts assessed FAME 0 on the prompt at $796.25/mt FOB ARA Friday, down $43.50 week on week to a 22-month low on the new sentiment.

"It's big news and the market has reacted accordingly," said a source Monday, adding: "[It's a ] difficult times for [European] bio producers."

Malaysian producers have expressed worries they will no longer be competitive as their higher production costs mean more expensive products which had been given breathing space by the duties on Indonesian imports.

With the FAME 0 market increasingly bearish since talk of the move began to circulate, the RME-FAME 0 differential has widened along the curve. RME has been supported by the European rapeseed oil price, but FAME 0 has fallen as an abundance of alternative blendstock should boost stock levels.

As the influx of the biodiesel blends is expected, market focus is shifting towards UCOME over the summer, as much of the SME and PME that is expected to come in has lower GHGs in comparison. "That could well be the blend of the summer," said a source.

https://www.platts.com/latest-news/...tina-indonesia-biodiesel-antidumping-26873974

 

[Nike]

Selasa 23 Jan 2018, 10:35 WIB

Barata Akan Bangun Dua PLTMH Rp 240 M di Sumut
Ardan Adhi Chandra - detikFinance

Foto: Dok Barata
Jakarta - PT Barata Indonesia (Persero) melakukan penandatangan kontrak dengan PT Berkah Alam Lestari Energi, anak perusahaan PT Terregra Asia Energy Tbk, perusahaan yang bergerak di bidang energi terbarukan pada Senin 22 Januari 2018 di Jakarta. Penandatanganan ini dilakukan sebagai komitmen pembangunan Pembangkit Listrik Tenaga Mini Hidro (PLTMH) Batang Toru 3 (2x5) MW yang berlokasi di Kecamatan Pahaejulu, Kabupaten Tapanuli Utara, Sumatera Utara.

Kontrak kerja sama ditandatangani oleh Direktur Operasi Barata Indonesia Tony Budi Santosa mewakili Dewan Direksi. Sedangkan dari pihak PT Berkah Alam Lestari Energi dilakukan oleh Iwan Sugiarjo selaku Direktur Utama PT Berkah Alam Lestari Energi.

"Proyek Pembangkit listrik memanfaatkan energi baru terbarukan (Renewable Energy) merupakan salah satu fokus PT Barata Indonesia (Persero). PT Barata Indonesia (Persero) ingin menjadi yang terdepan dalam bidang energi baru dan terbarukan. Untuk itu kami terus mengembangkan kompetensi di bidang energi baru dan terbarukan karena ini adalah energi masa depan," kata Direktur Utama Barata Silmy Karim dalam keterangan tertulisnya, Jakarta, Selasa (23/1/2018).

Nilai dari Proyek PLTMH Batang Toru 3 (2x5) MW tersebut sebesar Rp 240 miliar dan dijadwalkan selesai dalam waktu 21 bulan.

Silmy mengatakan, dalam pengerjaan proyek ini, Barata bekerja sama dengan perusahaan dari Austria yang terbaik dalam teknologi turbin pembangkit listrik tenaga air maupun mini hidro. Di samping itu, proyek ini juga akan mengoptimalkan pembiayaan dari dalam dan luar negeri.

Selain PLTMH Batang Toru 3, Barata Indonesia juga sedang bernegosiasi dengan Terregra untuk pembangunan PTLMH Sisira 2 X 4,9 MW yang berlokasi di Kecamatan Parlilitan, Sumatera Utara.

Dalam kurun waktu sepuluh tahun ke belakang, PLTMH yang telah diselesaikan perusahaan asal Gresik tersebut antara lain proyek PLTMH Walessi 500 kW, PLTMH Kayu Aro 950 kW, PLTMH Lodagung 2 x 650 kW serta Penstock untuk PLTMH Parmonangan 2 x 4,5 MW.

"Kami berharap ke depan, pemerintah dapat memberikan insentif pada pembangkit listrik tenaga baru dan terbarukan, baik itu dari sisi tarif maupun fasilitas pembiayaan dengan bunga rendah. Hal ini mengingat Renewable Energy merupakan masa depan sumber energi dunia. Energi baru dan terbarukan perlu mendapat perhatian agar Indonesia tidak ketinggalan dibandingkan negara lain yang sudah lama mengembangkan sumber energi tersebut, baik itu dari sisi pengembangan teknologi maupun dari sisi komposisi energy mix (bauran energi)," ujar Silmy.

(ara/zlf)

https://m.detik.com/finance/energi/d-3828693/barata-akan-bangun-dua-pltmh-rp-240-m-di-sumut

Barata company will provide engine turbin for hydraulic power plant

 

[pr1v4t33r]

 

[MarveL]

MONDAY, 22 JANUARY, 2018 | 12:38 WIB
Indonesia Now among Countries with US$1tn GDP

Jakarta - CIMB Niaga chief economist Adrian Panggabean said Indonesia enters 2018 with a new status. The country is now one of the world's nations that has a gross domestic product (GDP) value of US$1 trillion.

In his review, Adrian wrote that there are only 16 out of 180 countries in the world that have an output above US$ 1 trillion.

As the world's 15th largest territory and 4th largest population, the GDP value will support Indonesia in its efforts to strengthen its geo-economic and geopolitical positions.

"Last year, the GDP grew 5.1 percent, driven mainly by public consumption and investments," he said last week.

Investments are also growing at a steady rate, driven by investments in the infrastructure and machinery sectors.

"Investment in 2017 grew at a rate of around 5.8 percent; much faster than in 2016," he said.

For 2018, Adrian estimates Indonesia's GDP to grow by 5.2 percent. He said there aren’t many growth catalysts expected to emerge this year. In terms of the state budget posture—with an estimated fiscal deficit of 2.3 percent to the GDP, the 2018 State Budget looks more consolidative and populist as opposed to being expansive and populist.


https://en.tempo.co/read/news/2018/01/22/056915047/Indonesia-Now-among-Countries-with-US1tn-GDP

TUESDAY, 23 JANUARY, 2018 | 11:10 WIB
INKA Signs Contract Worth Rp127.3bn with Philippine Railway

PT INKA workers is seen working on a train carriage.

Jakarta - State-owned train manufacturer PT Industri Kereta Api (INKA) has signed a contract worth Rp127.3 billion with Philippine National Railways (PNR), regarding the purchase of diesel railway train (KRD).

The contract was signed by PNR General Manager, Junn B Magno, and President Director of PT INKA (Persero), Budi Noviantoro at PNR office, Tutuban, Manila, on Monday, based on a press statement received on Monday.

The signing of the agreement was witnessed by Secretary of the Department of Transportation of Philippines, Arthur P Tugade; Trade Attach? of Indonesian Embassy in Manila, Irawan; and other officials from Philippine National Railways (PNR) and state-owned train manufacturer PT Industri Kereta Api (INKA).

Magno remarked that the Philippine government had committed to provide reliable and affordable public transportation, in an attempt to shorten the distance and to provide comfort for the community.

"Diesel railway train will be operated in the route connecting Tutuban Station and Alabang Station, Metro Manila," Magno stated.

President Director of PT INKA (Persero), Budi Noviantoro, has expressed appreciation to the Philippine National Railways (PNR) for becoming part of transportation development in the Philippines.

"In addition, our goal is to produce high-quality products and provide the best service for PNR," Noviantoro revealed.

https://en.tempo.co/read/news/2018/...ntract-Worth-Rp1273bn-with-Philippine-Railway

 

[Nike]

Jakarta Composite Index hits 6,500 on Monday

• News Desk
  The Jakarta Post
  

Jakarta | Mon, January 22, 2018 | 03:39 pm

Trading floor at the Indonesia Stock Exchange (IDX) building. (JP/Wienda Parwitasari)

• 
  

The Jakarta Composite Index hit a new record of 6,511.63 in the first trading session on Monday, tribunnews.comreported.

The six sectors that supported the increase of the index were the mining sector (2.66 percent), plantation sector (9.8 percent), trade sector (0.69 percent), consumer goods sector (0.61), manufacturing sector (0.27 percent) and financial sector (0.07 percent).

Meanwhile, the four sectors that slipped were the diversified industry sector (0.72 percent), construction sector (0.39 percent), infrastructure (0.04 percent) and basic industry sector (0.03 percent).

Total trade value in the afternoon stood at 6.20 billion shares worth Rp 4.17 trillion (US$291.9 million).

The top-three gainers in the LQ45 were PT Adaro Energy (ADRO) (6.88 percent), PT Bumi Resources (BUMI) (4.86 percent) and PT Bukit Asam (PTBA) (4.49 percent).

Meanwhile, the top-three losers were PT Waskita Karya (WSKT) (-2.28 percent), PT XL Axiata (EXCL) (2.22 percent) and PT Indocement Tunggal Prakarsa (INTP) (-1.88 percent). (bbn)

http://www.thejakartapost.com/news/2018/01/22/jakarta-composite-index-hits-6500-on-monday.html

 

[Nike]

Corporate Earnings Indonesia: Net Profit Pertamina Fell in 2017
23 January 2018 |

• Global Oil Price
• Fuel Subsidies
• Pertamina
• PGN
• Oil & Gas

Net profit of Indonesia's fully state-owned oil & gas company Pertamina is estimated to have declined to around IDR 27 trillion (approx. USD $2.0 billion) in full-year 2017, down about 35 percent (y/y) from USD $3.1 billion in the preceding year. The decline is attributed to rising crude oil prices and the government's refusal to adjust subsidized fuel prices.

While crude oil prices have been rising from about USD $40 per barrel in mid-2017 to above USD $60 per barrel at the start of 2018, the central government of Indonesia did not adjust prices of subsidized gasoline and diesel (premium and solar) in an effort to safeguard consumers' purchasing power. Lower-than-targeted household consumption growth is partly responsible for curtailing Indonesia's macroeconomic growth at around 5 percent (y/y) in recent years.

Another reason why the government is reluctant to raise subsidized fuel prices could be because it is not a popular move ahead of local elections in 2018 and legislative and presidential elections in 2019.

Although Indonesian President Joko Widodo slashed a great chunk of fuel subsidies a couple of years ago, prices of gasoline and diesel can still rely on some government backing. In theory the government adjusts these subsidized fuel prices (to global crude oil price movements) once every three months. In reality, however, it has not adjusted these prices since January 2016, implying fuel subsidies rise due to the climbing crude oil price.

The burden has to be carried by state-owned Pertamina. Although at the upstream segment the company takes advantage of rising crude oil prices, it is the downstream segment that puts pressure on the company's corporate earnings.

Meanwhile, Pertamina is planning to sell its unit Pertamina Gas (Pertagas) to state-controlled Perusahaan Gas Negara (PGN). This is part of the government's reform program toward the establishment of an oil & gas holding company led by Pertamina. Thus, PGN is scheduled to acquire Pertagas, and then PGN will become a subsidiary of Pertamina.

https://www.indonesia-investments.c...ia-net-profit-pertamina-fell-in-2017/item8527

 

[Bungaterakhir]

13 Railway Projects to be Operational in 2018
source : link

• ARS Minangkabau International Airport - 26 Km
• Prabumulih - Kertapati Line/South Sumatra - 85 Km
• Martapura - Baturaja Line / South Sumatra - 32 Km
• Palembang LRT / South Sumatra - 23,4 Km
• LRT Jakarta by Jakpro - 5,8 Km
• Bandar Tinggi - Kuala Tanjung/North Sumatra - 21,5 Km
• Barru - Palanro/South Sulawesi - 44Km
• Madiun - Jombang - East Java - 84 Km
• Solo - Kedungbanteng/ Central Java - 42 Km
• Adi Soemarmo ARS / Central Java - 13,5 Km
• Maja - Rangkasbitung - 17 Km
• Medan - Bandar Khalifah/ North Sumatra - 10 Km
• Binjai - Besitang / North Sumatra - 80 Km

Total : 484,2 Km

 

[anas_nurhafidz]

Keep going

 

[katarabhumi]

Srilanka will buy 60 train cars from Indonesia
Natalia Santi , CNN Indonesia | Kamis, 25/01/2018 10:53 WIB

• According to Sri Lanka minister of transportation and civil aviation during a meeting between Sri Lanka MP Ranil Wickremesinghe and Indonesian president Joko Widodo, thursday, 25/1/2018.

• Indonesian SOE company has also in a bid to build roads and bridges in Sri Lanka.

source in Bahasa Indonesia :
https://www.cnnindonesia.com/intern...nka-akan-beli-60-gerbong-kereta-api-indonesia

.

 

[pr1v4t33r]

Indonesia assures to provide assistance to develop Sri Lanka's infrastructure, railways

Indonesian President Joko Widodo has confirmed that Indonesia wants to participate in infrastructure development in Sri Lanka and will provide total assistance, especially to develop Sri Lanka's railway sector.

Indonesian President, who is on a two-day official visit to Sri Lanka, offered Indonesia's assistance during a breakfast meeting with the Sri Lankan Prime Minister Ranil Wickremesinghe at Temple Trees in Colombo on Thursday (25).

PM Wickremesinghe welcoming Indonesia's desire to participate in infrastructure development in Sri Lanka said while state budget is very limited for infrastructure development the projects can be financed through Public Private Partnerships.

President Widodo has affirmed that he will provide total assistance from Indonesia for development of Sri Lanka Railway and that he will be sending a group of Indonesian experts to Sri Lanka in the near future for preparing an initial feasibility report.

The Prime Minister said an inquiry was also made into the possibility of providing priority, especially to sectors, such as water and water supply as well as roadways and the Indonesian President stated that they are eager to join in tasks of developing infrastructure in Sri Lanka.

During the bilateral discussions held between the Indonesian and Sri Lankan Presidents yesterday, Sri Lanka has agreed to purchase train carriages from Indonesia.

Sri Lanka's Transport and Civil Aviation Minister Nimal Siripala de Silva has said that in the first phase Sri Lanka will buy 60 train carriages.

Indonesian Foreign Minister Retno Marsudi has said that President Widodo encourages Indonesian state-owned enterprises (SOEs) to be given a role to participate in infrastructure development in Sri Lanka and Indonesian state-owned companies have made contact with several partners in Sri Lanka and showed interest.

http://www.colombopage.com/archive_18A/Jan25_1516904219CH.php

 

[Nike]

• BUSINESS

Batam has opportunity to become national logistics center, says minister

• News Desk
  The Jakarta Post
  

Jakarta | Wed, January 24, 2018 | 10:56 am

Coordinating Economic Minister Darmin Nasution said Batam Islands had the potential to develop more and help grow the country. (JP/Wienda Parwitasari)

• 
  

Coordinating Economic Minister Darmin Nasution has said Batam Island in Riau Islands province has an opportunity to be developed into a national logistics center due to its strategic position close to Singapore and its supporting infrastructure.

“The island could become the center of the logistics-bonded zone or the likes,” said Darmin when inaugurating Maj. Gen. Eko Budi Soepriyatno as deputy for infrastructure development of the Batam Free Trade and Port Zone Authority (KPBPB) in Jakarta on Tuesday night.

The Batam strategic location could be used for transit for ships before they continue their trips to transport various goods and commodities to eastern Indonesian regions and other places in the country, the minister said.

Darmin added that Batam had also been equipped with various infrastructure needed to develop.

Therefore, he stressed the need of close cooperation between the Batam city administration and the Batam Authority Agency (BP Batam) to make the infrastructure become functional for various economic activities to develop the island.

“I am optimistic that the current officials will be able to make Batam become a more developed region,” the minister added, as reported by Antara.

Meanwhile, BP Batam head Lukita Dinarsyah Tuwo said his office was currently trying to utilize idle land for investors to start doing business on the island.

“I [request] land owners open business or cooperate with investors to utilize their plots of land,” he added. (bbn)

http://www.thejakartapost.com/news/...-national-logistics-center-says-minister.html

 

[Nike]

Cari persamaannya

 

[Nike]

Traffic congestion 60 percent worse in Tanah Abang: Study

• News Desk
  The Jakarta Post
  

Jakarta | Fri, January 26, 2018 | 07:20 pm

Street vendors occupy half of Jl. Jatibaru Raya in Tanah Abang, Central Jakarta on Dec. 22, 2017, following the Jakarta administration's policy to dedicate the road to vendors. (JP/Rifky Dewandaru)

• 
  

The Jakarta administration’s policy to close Jl. Jatibaru Raya near Tanah Abang Market in Central Jakarta has made traffic congestion worse in the area. Congestion has increased by 60 percent in the past month, a police report revealed on Friday.

As a consequence, the police have urged the city administration to reopen the road for both public and private vehicles.

Jakarta Police traffic division chief Sr. Comr. Halim Pagarra said in the past month, based on the police study, the closure had caused traffic congestion along Jl. Fachrudin in Central Jakarta and as far as Slipi in West Jakarta.

“We hope that the street [Jl. Jatibaru Raya] can function normally again,” Halim said, as quoted by kompas.com.

He added that the police had already handed a letter of recommendation to the city administration, which comprises at least six essential points. One of the points says that the administration should involve the police traffic division in formulating policies related to traffic management.

The administration, under the leadership of new Governor Anies Baswedan, decided to close Jl. Jatibaru Raya to accommodate hundreds of street vendors.

Critics have emerged, including planning experts and members of the Jakarta Council, saying that the decision contravenes with Bylaw No. 8/2007 on public order, as the bylaw stipulates that vendors are not allowed to sell their goods either on sidewalks or on the streets. (vny)
http://www.thejakartapost.com/news/...on-60-percent-worse-in-tanah-abang-study.html

 

[pr1v4t33r]

Political change, structural reform and technological innovation are reshaping the region’s strategic outlook. Examine how global shifts, national priorities and local trends are changing the socio-economic context in the ASEAN region.

· Anne-Birgitte Albrectsen, Chief Executive Officer, Plan International, United Kingdom
· Sigve Brekke, President and Chief Executive Officer, Telenor Group, Norway
· Nazir Razak, Chairman, CIMB Group Holdings, Malaysia · Vuong Dinh Hue, Deputy Prime Minister of Viet Nam

Opening Remarks by
· Tharman Shanmugaratnam, Deputy Prime Minister and Coordinating Minister for Economic and Social Policies of Singapore

Moderated by
· Mari Elka Pangestu, Professor of International Economics, University of Indonesia, Indonesia