Indonesia Economy Forum

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Newly built airport train set for Minangkabau airport on trial run, Madiun-Jombang PP (27/01)

 

[Bungaterakhir]

ARS Minangkabau International Airport -

West Sumatra

 

[MarveL]

Jajanan anak SD zaman Now!!

 

[pr1v4t33r]

Indonesia making progress on 35,000 MW program

Of the government's 35,000 megawatts (MW) program, power plants with a combined capacity of 1,358 megawatts were in operation as of Jan. 15, Energy and Mineral Resources Ministry spokesman Agung Pribadi said in a statement on Sunday.

He said power plants with a combined capacity of 466 MW had been constructed by state-owned electricity firm PLN, with power plants contributing a further 892 MW constructed by private companies known as independent power producers (IPP).

He explained that power plants with a capacity of 538 MW were constructed in Sulawesi, with 455 MW constructed in Sumatra, 135 MW in Maluku and Papua, 126 MW in Kalimantan, and the remaining 104 MW constructed in Java, Bali and Nusa Tenggara.

He added that power plants with a combined capacity of 17,096 MW were now under the construction – 5,657 MW by PLN and 11,439 MW by private firms.

He added the government had signed contracts for the construction of power plants with a combined capacity of 12,724 MW and that therefore the government only needed a further 4,682 MW to complete all the programs that were intended to be completed by 2019.

“Power plants generating roughly 20,000 MW are set to be in operation by 2019,” he added, as reported by tempo.co.

In addition to the 35,000 MW program, the government had also fast tracked programs I and II and the regular 7,800 MW program, said Agung. From the three programs, power plants generating 6,395 MW were in operation, he said.

Currently, the national electrification ratio sits at 95.35 percent, exceeding the target of 92.75 percent.

http://www.thejakartapost.com/news/2018/01/29/indonesia-making-progress-on-35000-mw-program.html

 

[Nike]

• 

Indonesia Ranks Higher in 2018 Global Talent Competitiveness Index
Indonesia improves its ability to attract professionals and keep the existing skilled workforce. (Antara Photo/Fanny Octavianus)


By Adinda Normala on 10:13 pm Jan 24, 2018
Category Business , Economy , Featured
Jakarta. Indonesia improved its ability to attract professionals and keep the existing skilled workforce, the annual Global Talent Competitiveness Index showed on Wednesday (24/01).

The report was released during the World Economic Forum by graduate business school Insead, which has campuses around the world.

For the study Insead cooperated with staffing company Adecco Group and telecommunications services provider Tata Communications.

Indonesia ranked 77th out of 119 countries, which is a leap from last year's 90th position.

According to the study, Indonesia has strong employability, as through vocational education and technical training it prepares domestic talents to match the skills needed by the economy.

Despite the position rise, however, the largest economy in Southeast Asia still lags behind Singapore, which ranks second, Malaysia (27th), the Philippines (54th) and Thailand (70th).

The Global Talent Competitiveness Index considers four "pillars" called "enable" (reflecting a country's regulations and markets), "attract" (reflecting a country's capability to lure resources), "grow" (reflecting the ability to improve self-competence through education and training), and "retain" (reflecting an ability to maintain domestic and overseas talent).

The report said Indonesia has a lot of homework "to catch up on all the pillars" to cultivate a talent pool large and competitive enough to support its growth in the competitive global economy.

The index drew data from public sources: the United Nations Educational, Scientific and Cultural Organization (Unesco) for quantitative data; the World Bank's World Governance Indicators and Doing Business Report for composite indicator data; and the World Economic Forum's Executive Opinion for survey data.

This year's report highlighted the critical role diversity plays in linking talent policies to innovation strategies to increase talent competitiveness.

"Eventually, diversity has come to be understood as an essential enhancer of corporate productivity and performance. Recruiting the best talent is essential. But evidence shows that diversity can actually trump talent," Alain Dehaze, chief executive officer of Adecco Group, said in a statement.

According to the report, diversity can be a national resource, as it will create innovative and competitive working environments, especially in the era of automation, which makes people with different knowledge and experience join together in problem solving.

"If there is a high diversity of social mobility … then the richness of knowledge, perspective and networks pushes economic performance even higher via increased innovation," Insead said in the report.

Developed, high-income countries continue to top the ranking, 15 of them being European countries with well-developed education systems, flexible business regulators, employment policies highlighting adaptability, social protection and internal and external openness.


http://jakartaglobe.id/business/ind...the-global-talent-competitiveness-index-2018/

 

[pr1v4t33r]

SKPT Natuna
Sentra Kelautan dan Perikanan Terpadu (SKPT) Natuna salah satu dari 14 SKPT di Indonesia, dengan fasilitas kantor, TPI, tempat perbaikan jaring, kios perbekalan, SPBN, fasilitas air tawar, Brackish Water Reverse Osmosis (BWRO), Unit Pengolah Ikan Terpadu, cold storage, 2 dermaga.

 

[Bungaterakhir]

Indonesia Records Foreign Capital Inflows of $3.5b in January
source : Link

Jakarta. Bank Indonesia recorded foreign capital inflows of Rp 46 trillion ($3.5 billion) between Jan. 1 and Jan. 26, a 170 percent increase from the same period last year.

Indonesia attracted more FDI in 2017, above the investment board's target

Total :
2016 => 2017
USD 34.5 B => USD 42.6 B (+23.7 %)

FDI (excluding banking and oil and gas) :
2016 => 2017
USD 29.5 B => USD 32.24 B (+ 8.5 %)

Source:
http://ekonomi.metrotvnews.com/mikr...investasi-yang-masuk-ke-indonesia-tumbuh-23-7
http://nasional.kontan.co.id/news/singapura-masih-di-posisi-pertama-investasi-asing-di-indonesia
https://databoks.katadata.co.id/dat...ra-dengan-investasi-terbesarke-indonesia-2017
http://www.nasdaq.com/article/indon...eign-direct-investment-in-2017-20180130-00369

 

[MarveL]

Indonesia Train Industry (PT Inka.)

Deretan Kereta Jaman Now Buatan RI

PT INKA menggarap proyek kereta LRT Jabodebek senilai Rp 3,9 triliun.

Menko Kemaritiman Luhut Panjaitan dan Menteri Perindustrian Airlangga Hartarto mengecek kereta LRT Jabodebek di pabrik INKA, Madiun. Sugeng Harianto/detikcom.

Menko Kemaritiman Luhut Panjaitan dan Menteri Perindustrian Airlangga Hartarto mencoba kursi kereta LRT Jabodebek

Penampakan Kereta Bandara Soekarno Hatta

 

[pr1v4t33r]

Indonesia attracted more FDI in 2017, above the investment board's target

Total :
2016 => 2017
USD 34.5 B => USD 42.6 B (+23.7 %)

FDI (excluding banking and oil and gas) :
2016 => 2017
USD 29.5 B => USD 32.24 B (+ 8.5 %)

Thomas further said total foreign investment reached Rp 692.8 trillion ($51.75 billion) last year, higher than the target of Rp 678.8 trillion stated in the 2017 state budget.

http://www.thejakartapost.com/news/...-8-billion-investment-in-digital-economy.html

 

[Bungaterakhir]

http://www.thejakartapost.com/news/...-8-billion-investment-in-digital-economy.html

That is Domestic direct investment and FDI combine from January to December 2017 $51,75Billion

DDI January - December 2017 : IDR 262,3
FDI January - December 2017 : IDR 430,5
Total = IDR 692,8 ($51,75Billion) +14IDR Trillion from target.

2018 Target : IDR 765 Trillion

 

[Nike]

Telkom to Buy 30 Percent Stake in Hungary's Cellum
State-controlled Telkom has bought a 30.4 percent stake in Hungary's mobile payment provider Cellum for $6 million. (Photo courtesy of Telkom)


By Sarah Yuniarni on 6:00 pm Jan 31, 2018
Category Business , Corporate News
Jakarta. State-controlled telecommunication company Telekomunikasi Indonesia, or Telkom, announced on Wednesday (31/01) it had signed an agreement to buy a 30.4 percent stake in Hungary's mobile payment provider Cellum for $6 million to strengthen its financial technology division.

Telkom's subsidiary MetraNet signed a conditional subscription agreement with Cellum on Tuesday according to a filing to Indonesia Stock Exchange (IDX) on Wednesday.

Telkom said in a statement the corporate action will help strengthen its four core businesses: telecommunication, information, media and edutainment and services.

"We want to strengthen Telkom's digital financial services, improve their reliability and make them more integrated. These include services like online billing and e-money," Telkom's digital and strategic portfolio director David Bangun said.

MetraNet, a developer of mobile and online media, will spend $4 million initially to buy a 20.4 percent stake in Cellum, a company specializing in a wide range of mobile transaction services.

Later on, MetraNet will buy 10 more percent of Cellum for $2 million.

Telkom has not announced an exact date for the corporate action.

"We expect digital financial services, including mobile payment and trading services, to grow steadily, both in the consumer and B2B [business-to-business] segments," MetraNet's chief executive Widi Nugroho said in a statement.

Cellum, a multinational company providing mobile transaction services, operates across Europe and has branches in the United States, Austria, Bulgaria and Singapore.

Cellum's partners include IBM and MasterCard.

Telkom's MetraNet, established in 2009, develops various digital businesses, including mobile content, online games, online ticketing and e-commerce.

The company created a joint venture with tech giant Microsoft in 2011, establishing the e-commerce site PlasaMSN.

http://jakartaglobe.id/corporate-news/telkom-buy-30-percent-stake-hungarys-cellum/

 

[Nike]

Indonesia, East Timor to Strengthen Cooperation in Trade, Increase Connectivity

Indonesia and East Timor agreed to step up bilateral cooperation in trade and capacity building and to intensify negotiations on unresolved border issues during a meeting on Wednesday (31/01) between the two countries’ foreign ministers. (Photo courtesy of the Ministry of Foreign Affairs)


By Sheany on 9:46 am Feb 01, 2018
Category News , Foreign Affairs
Jakarta. Indonesia and East Timor agreed to step up bilateral cooperation in trade and capacity building and to intensify negotiations on unresolved border issues during a meeting on Wednesday (31/01) between the two countries’ foreign ministers.

"We agreed to continue strengthening our bilateral relations, as two close neighbors we have no other choice but to pave our way forward and weave good relations [with each other]," Foreign Minister Retno Marsudi said during a joint press statement in Jakarta.

Indonesia and East Timor will focus their cooperation in infrastructure development, including plans to build the Motaain Bridge at the border between both countries early this year.

"This bridge is very important because it will be a bridge for people-to-people contact, and will also connect economic activities of both our countries," Retno said.

She added that Indonesia is committed to continue supporting infrastructure development in East Timor.

Retno said further that state-run bus company Damri plans to open a route between Kupang in East Nusa Tenggara, and Dili, East Timor's capital, as part of an effort to improve connectivity between the neighboring states.

Furthermore, both ministers discussed plans for Indonesia’s TransNusa and East Timor’s Air Timor to serve charter flights between Dili and Kupang.

Retno and East Timor’s Foreign Minister Aurelio Sergio Guterres also agreed to intensify communication to address two unresolved segments on shared land borders and to kick-start maritime negotiations.

East Timor became an independent country in 2002 after a decades-long struggle to secede from Indonesia.

The Ministry of Foreign Affairs said in a statement that the reconciliation process between Indonesia and East Timor is a positive example for the international community.

http://jakartaglobe.id/foreign-affa...then-cooperation-trade-increase-connectivity/

 

[Nike]

• BUSINESS

BPS records 14.04 million tourist arrivals in 2017

• News Desk
  The Jakarta Post
  

Jakarta | Thu, February 1, 2018 | 05:13 pm

People pray inside the Batur Sari temple in Ubud, Bali. The government partially blamed the eruption of Mount Agung for their failure to meet the targeted number of tourists last year. (Shutterstock.com/Muslianshah Masrie)

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The Central Statistics Agency (BPS) announced on Thursday that foreign tourist arrivals to the country was recorded at 14.04 million in 2017, or 21.88 percent higher than the figure in the previous year, which was at 11.52 million.

The government targeted to get 15 million last year.

The government blames the Mount Agung eruption in Bali late November for the failure to meet the target, as two airports in Bali and West Nusa Tenggara (NTB) had to be closed for several days due to ash.

BPS head Suhariyanto said 11.79 million tourists arrived through 19 major Indonesian gates across the country, while 2.25 million arrived at other gates.

In the shadow of Mt. Agung's eruption, the number of tourist arrivals in December 2017 was still recorded at 1.15 million, posing only 3.03 percent growth compared to the 1.11 million tourist arrivals in the same month in 2016.

The BPS recorded a 5.77 percent decrease in tourist arrivals in December compared to the same month in 2016.

The decrease occurred in eight gates, including in Sempingan Airport in East Kalimantan (50.26 percent), Ngurah Rai International Airport in Bali (29.83 percent), Lombok International Airport (25.72 percent) in NTB and Kualanamu Airport in North Sumatra (3.43 percent).

The BPS also recorded an increase in tourist arrivals in several main gates, including at Sam Ratulangi International Airport in North Sulawesi (124.79 percent) and at Juanda International Airport in East Java (4.70 percent). (bbn)

Topics :

• BPS, tourist-arrivals, 2017

http://www.thejakartapost.com/news/...s-14-04-million-tourist-arrivals-in-2017.html

 

[Nike]

incentive regulation

• News Desk
  The Jakarta Post
  

Jakarta | Thu, February 1, 2018 | 11:31 am

Industry Minister Airlangga Hartarto (Antara/Wahyu Putro)

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The government is revising a regulation on tax holidays and tax allowances to simplify the procedures to obtain such facilities in hopes of garnering interest from businesspeople.

Industry Minister Airlangga Hartarto blamed complicated procedures for the reluctance of businesspeople to apply for the facilities. “Obtaining the incentives is not simple,” said Airlangga in Jakarta on Wednesday as quoted by kontan.co.id.

The Directorate General of Taxation said nine taxpayers had received tax allowances, while none had obtained tax holidays, last year.

Airlangga explained that to obtain a tax holiday, a taxpayer must apply for one with the tax office and their application would then be scrutinized by the Finance Ministry before it was reviewed by the verification committee.

“There is no guarantee that their application will be accepted,” he added.

The revised draft regulation to simplify procedures is being discussed at the ministerial level, he added.

Investment Coordinating Board (BKPM) deputy for investment supervision Azhar Lubis hopes the regulation is revised.

“Businesspeople want to know if their application will be accepted or not,” he added. (bbn)



Topics :

• tax-holiday, tax-allowance, regulation, revision

http://www.thejakartapost.com/news/2018/02/01/government-revises-tax-incentive-regulation.html

 

[Nike]

Mount Agung Eruption Means Fewer Foreign Tourists for Indonesia

Tourists walk up the stairs at Penataran Agung Lempuyang Temple with Mount Agung, on its highest alert level, in the background in Karangasem, Bali, on Sept. 25, 2017. (Reuters Photo/Darren Whiteside)


By Adinda Normala on 10:59 pm Feb 01, 2018
Category Business , Economy
Jakarta. Indonesia failed to reach its foreign tourist arrival target last year due to a series of natural disasters in the second half of the year, its statistics agency BPS reported on Wednesday (01/02).

Indonesia received 14.04 million foreign tourists all through last year, fewer than the 15 million target set by its Tourism Ministry.

The number, however, was still a 21.88 percent improvement from 2016.

BPS head Suhariyanto said the Mount Agung eruption, which happened in Indonesia’s most popular tourist destination Bali in November, was most responsible for Indonesia not meeting the target.

"The eruption played a big part, since tourist arrivals usually spike in November and December," Suhariyanto said in a press conference.

The two months are typically the peak tourist seasons of the year.

Indonesia first raised its warning level for Mount Agung in September before the volcano finally erupted in November.

Around one million overseas visitors canceled their trips to Bali because of the eruption, Tourism Ministry data showed.

That was why in November Indonesia suffered its first setback in foreign tourist arrivals since December 2015, down 0.81 percent to 848,641.

In December, the fall in the number of foreign tourists was even bigger: 5.77 percent from the same period in 2016, with a total of 902,602 foreign tourists.

From January to September, Bali welcomed 4.5 million foreign tourists, nearly half of the 10.5 million visiting Indonesia in that period.

The Natural Disaster Mitigation Agency, or BNPB, reported that Mount Agung's eruption caused approximately Rp 9 trillion ($490 million) in losses to the local tourism industry.

Last year, tourism was the second largest contributor to Indonesia’s foreign exchange revenue after crude palm oil exports with $16.8 billion.

It is expected to generate $20.4 billion this year, assuming tourists spend $1,200 on average while on holiday in the country, ministry data showed.

The ministry has set a target of 17 million foreign tourist arrivals this year.


http://jakartaglobe.id/economy/mount-agung-eruption-means-fewer-foreign-tourists-indonesia/