Indonesia Economy Forum

[Bungaterakhir]

Jakarta old Town Revitalization

Gov’t to Impose Excise Tax on Plastic Bags in July
source : http://jakartaglobe.id/business/govt-impose-excise-tax-plastic-bags-july/

Jakarta. The government plans to impose an excise tax on plastic bags this year in an effort to cut down plastic use and diversify excise revenue, an official said on Tuesday (20/02).

"The important thing is to get approval from [House of Representatives’s] Commission XI [to impose the plastic bag excise tax], which is ready to be submitted by the government," said Heru Pambudi, director general of customs and excise at the Ministry of Finance.

The House of Representatives’s Commission XI oversees the finance sector and banks.

Heru said tariffs on recycled plastics will be lower than those of non-recyclable plastics.

The imposition is expected to encourage the development of environment-friendly products. Companies that use recycled materials will receive fiscal incentives, Heru said.

Indonesia is the second largest marine polluter in the world, just after China. Around 80 percent of Indonesia’s 1.3 tons of ocean waste comes from improperly disposed waste from land.

The country aims to reduce the amount of its plastic marine debris by 70 percent by 2025.

The ministry also expects the new excise tax on plastic bags to diversify its excise tax collection, which is currently centered on tobacco-related products.

In the 2018 state budget, the government targets to receive Rp 148.23 trillion ($10.9 billion) from its cigarette excise tax, equivalent to 95.4 percent of the total excise revenue target of Rp 155.40 trillion.

The tariff on plastic bags is expected to come into force in July.

and will be more road in the future paved with the plastic asphalt.

 

[CountStrike]

Indonesia sees maiden shipment of chicken nuggets to Japan

• News Desk
  The Jakarta Post
  

Jakarta | Thu, March 22, 2018 | 09:37 pm

Trade Minister Enggartiasto Lukita said the exporting of chicken nuggets to Japan meant that it would be easier to export to other countries as well. (JP/Wendra Ajistyatama)
The Trade Ministry has seen the first export of 6 tons of chicken nuggets to Japan on Wednesday. The nuggets were produced by PT Belfoods Indonesia, the subsidiary of publicly listed PT Sierad Produce.

“I congratulate Belfoods for being the first company to export chicken nuggets to Japan and for its contribution to Indonesian national exports,” said Trade Minister Enggartiasto Lukita in a statement.

Enggartiasto said the shipment was a milestone for Indonesia given that the Japanese market was long known as hard to penetrate for Indonesian producers owing to its strict quality standards.

“We expect that this is a good start to develop the Indonesian processed chicken industry for the international market. If Indonesian chicken nuggets can enter Japan, then it will be easier for it to access other countries,” he said.

The trade minister also said he expected Indonesian chicken exporters to train local chicken farmers because exports should also increase the livelihoods of local stock farmers while increasing the country’s foreign currency savings.

The consumption of poultry-based processed foods in Japan reached US$2 billion a year, making Japan a potential choice for exports. China and Thailand are known as the major exporters for Japan.

Meanwhile, PT Sierad Produce CEO Tommy Wattimena said Belfoods products’ taste had become accepted by the Japanese because the subsidiary had done some market research in the country.

“Belfoods will still focus on the domestic market while keeping the quality of our products up to export standards to help export development,” he said. (ami/dmr)

 

[katarabhumi]

Exclusive: Indonesia’s e-signature startup PrivyID raising $5m Series A led by MDI, Mandiri Capital
Ardi Wirdana - March 29, 2018

Digital signature platform PrivyID, branded as Indonesia’s answer to DocuSign, is in the process of raising a $5-million Series A funding round led by existing investors MDI Ventures and Mandiri Capital Indonesia, according to its CEO Marshall Pribadi.

In an exclusive interaction with DEALSTREETASIA, Pribadi said that the company has already managed to close $3 million from its current backers which also include Mahanusa Capital and Gunung Sewu.

The startup says it is looking for new investors to raise the remaining $2 million to complete the round, which it is targeting to close by July this year.

Through its platform, PrivyID enables users and enterprises to digitally sign and transfer documents online with an integrated audit trail by using electronic identity verification technology that works across platforms.

The startup works in accordance with the Customer Due Dilligence (CDD) norms mandated by the Financial Service Authority (OJK) in Indonesia, making it legally valid and binding. It works by having banks and non-bank financial institutions as its registration authority to conduct the CDD.

Furthermore, PrivyID ensures that users cannot repudiate their signatures by having each signature backed by a digital certificate facilitated by asymmetric cryptography and public key infrastructure.

Following its pre-Series A funding last year, PrivyID has been focusing on its ‘Enterprise Privy’ service aimed at corporate customers, using its partnership with Mandiri Capital and Bank Mandiri Group to capitalise upon the financial services sector in Indonesia.

Since its inception in 2015, the platform now boasts 1.2 million individual users and around 70 enterprise customers.

The latest financing, Pribadi said, will be used to target individual retail users.

“What we will be looking to do after the funding is to enable our users to use Privy to get loans from our enterprise clients such as auto-finance companies,” he said.

Furthermore, the startup also wants to work with websites and applications to have PrivyID sign-in buttons as an alternative to the much-used Facebook, Google and Twitter sign-in buttons.

“For consumers, it will make registration simpler, as they won’t have to input your personal data. For the merchant, sign-ins with Facebook and Twitter allow customers to make multiple accounts and emails. But with PrivyID there will only be one. The data will be more legit. And at least there will be no duplication,” he said.

PrivyID was the winner of Finspire, a startup business plan competition held by Mandiri Capital Indonesia in 2016, while founder Marshall Pribadi features in the latest Forbes 30 Under 30 list under the Finance and Venture Capital category.

Based in the Indonesian city of Yogyakarta, PrivyID says it does not have any live competitors in Indonesia. It is often compared to San Fransisco-based Electronic signature software company DocuSign, an industry pioneer that has recently filed for IPO at Wall Street, seeking to raise $100 million.

Regionally, the main players in the digital signature space are India-based startups SignEasy and e-Mudhra. The latter is reportedly in the process of concluding its certification that will enable the company to spread its wings beyond India into Southeast Asian countries.

https://www.dealstreetasia.com/stories/indonesia-privyid-mdi-mandiri-95164/
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Indonesia's Lion Group expects to receive 36 new aircraft in 2018

JAKARTA, March 29, 2018 (Reuters) -


Indonesia-based budget airline company Lion Group expects to receive at least 36 new aircraft in 2018 amid 11 percent estimated growth in passenger numbers, its chief executive said on Thursday.

“We are optimistic that the deliveries will be on schedule,” Edward Sirait told a press conference.

The additions be made to Lion’s fleet in Indonesia, Malaysia and Thailand and would include eight Airbus, 18 Boeing and 10 ATR aircraft.

This year Lion plans to focus on its domestic fleets, Sirait said, adding that it had no plans to expand into other countries but would review regional markets.

The group has ordered at least 700 new aircraft up to 2025, he said.

Lion Air, one of Boeing’s largest customers, ordered 201 Boeing 737 MAX aircraft in 2012 and placed options for a further 150.

Transportation Partners, the leasing arm of Lion Group, has ordered 380 LEAP-1A engines from CFM International, a joint venture of GE and Safran Aircraft Engines, valued at $5.5 billion, to power its Airbus A320neo and A321neo aircraft, Sirait said.

Lion Group slowed its rate of fleet expansion for a second consecutive year in 2017, taking delivery of 29 aircraft, compared to 36 in 2016 and 57 in 2015. (Reporting by Cindy Silviana Writing by Fergus Jensen; Editing by Adrian Croft)

https://www.reuters.com/article/ind...receive-36-new-aircraft-in-2018-idUSL3N1RB4PR
https://www.reuters.com/article/ind...receive-36-new-aircraft-in-2018-idUSL3N1RB4PR
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[katarabhumi]

Indonesia state-utility PLN establishing subsidiary to develop geothermal projects

30/3/2018

State-owned electricity company PLN has announced the establishment of a new subsidiary that will focus on the development of projects in geothermal working areas entrusted to PLN by the Indonesian government.

In news this morning from Indonesia, the Jakarta Post reports that state-owned electricity firm PLN plans to boost its geothermal power generation business by setting up a new subsidiary, PLN GG to manage geothermal development. If this though includes existing geothermal operations, such as at Kamojang is so far unclear.

The new subsidiary is planned to develop geothermal projects on eight geothermal working areas assigned to PLN by the Indonesian Government. The projects have an expected development potential of around 300 MW.

According to PLN Director for Corporate Planning, Syofvi Felienty Roekman the new subsidiary had been established because PLN is expected to focus on renewable energy development in the future.

“PLN GG will be developing those eight areas on behalf of PLN,” she said, while adding that power generation from other types of renewable sources, such as solar and wind, would be handled by other subsidiaries of PLN.

The government is reviewing PLN’s proposal to develop additional three geothermal working areas.

In its electricity procurement business plan (RUPTL) for the 2018-2027 period, PLN envisions the development of renewable power plants with a total capacity of 14,911-MW within the next decade. Of the figure, 4,583-MW will come from geothermal power facilities.

Indonesia aims to increase the installed capacity of its geothermal power plants from 1,838.5- MW last year to 2,058.5-MW in 2018 and 7,200-MW in 2025.

http://www.thinkgeoenergy.com/indon...ng-subsidiary-to-develop-geothermal-projects/

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2017 a Record Year for Indonesia Tourism – WTTC

30 March 2018

New research released by World Travel & Tourism Council (WTTC) showed that 2017 was a record year for Indonesia’ travel and tourism industry.

The sector contributed IDR787.1 billion (USD57.2 billion) to the national economy during 2017.

Overall, Indonesia’s travel and tourism economy grew by 6.4 percent, faster than the 5.1 percent recorded for the wider economy.

In 2017, travel and tourism supported 12.2 million jobs and 10 percent of total Indonesian employment, making it the fourth highest of any country worldwide, according to WTTC.

By 2028 almost 17 million jobs are forecast to be dependent on Indonesia’s travel and tourism sectors.

“Indonesia is growing faster than almost every other country globally. Much of this growth can be attributed to the positive decision by the government to remove travel visas for citizens of 169 countries which has made Indonesia one of the world’s most open countries,” remarked Gloria Guevara, CEO, WTTC.

https://traveltradedaily.com/asia-p...2017-a-record-year-for-indonesia-tourism-wttc

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[Bungaterakhir]

Djakarta Warehouse Project set to expand into China in 2018
source : Link

Djakarta Warehouse Project, also known simply DWP, is set to venture out of Jakarta, Indonesia for the first time this year.

The acclaimed dance music festival was established in 2008 and has grown to become one of the largest festivals in Asia. After celebrating their tenth anniversary in December 2017 with an attendance of over 90,000 festival-goers, DWP has unveiled plans to expand internationally, with its first expansion set to take place in China this year.

Dates, a hosting city and the line-up for the China edition of the festival have yet to be announced. Previous headliners for DWP in Jakarta include Hardwell, Steve Aoki, Martin Garrix, Zedd, Tiesto and more.

Christian Rijanto, the co-founder and Marketing Director of Ismaya Group, the team behind DWP, said in a statement:

In our 10th year, we are ready to take DWP to the next level by bringing the festival's unique experience to China. China is the perfect place to kick off our international expansion. The eclectic dance music scene in China is one of the fastest growing music scenes in Asia and the demand for a world-class dance music festival has never been this high."

DWP is the second international dance music festival to set foot in China, following Ultra's debut festival in the country last year.

Indonesia kicks off tender for Rp13.7t seaport construction
source : link

The Indonesian government has opened the tender process for the construction of the Patimban Port in Subang, West Java, that is worth Rp 13.7 trillion (US$1 billion), an official said in Jakarta on Sunday.

Anwar, the secretary to the Transportation Ministry’s Patimban Port construction team, said three packages were being offered: terminal, breakwater and seawall and connecting breach.

He said the winning bidders would be announced in March. “Construction will begin in early April,” Anwar told kontan.co.id.
“Because of limited human and financial resources, each company would only handle one package,” he added.

Meanwhile, Anwar said the negotiations between the Indonesian government and the Japanese International Cooperation Agency was still ongoing. “The loan is expected to be signed in November.”

He added that the Transportation Ministry would also put out a tender for a private operator to help run Patimban Port with state-owned port operator PT Pelindo II.

Anwar said the construction of the car terminal was expected to be completed in March 2019, while the Patimban project was expected to be completed in December 2019. (bbn)

MERAK l Banten

BAKAUHENI l Lampung

Progress

Executive Port Merak

Source

 

[pr1v4t33r]

LRT train set made by INKA Indonesia.

 

[CountStrike]

TUESDAY, 10 APRIL, 2018 | 10:06 WIB
INFO TEMPO: IAF2018 to Improve Indonesia-Africa Economic Relation
Zoom Out Zoom In Normal
TEMPO.CO, Jakarta - Indonesia established the Indonesia-Africa Forum (IAF) under the leadership of President Joko Widodo (Jokowi) and Vice President Jusuf Kalla. The forum is the implementation of an attempt to make the political relationship between the two countries into the economic relationship.

The IAF 2018, which will be held the first time in Indonesia at Bali Nusa Dua Convention Center on April 10-11, will gather the government, businesses, and stakeholders of Indonesia and Africa.

President Jokowi instructed to transform the political relationship with Africa, which was built since Asia-Africa Conference 1955, into a real economic relationship that emphasizes the improvement of investment, technical partnership, and eliminates trade barriers. At the G20 leaders meeting in Hamburg in July 2017, Jokowi affirmed the support of Indonesia to the development of a partnership which equals to G20-Africa and the achievement of Agenda 2063 in Africa through ‘Compact with Africa’.

The IAF 2018 is a showcase and platform of a real economic partnership of Indonesia and the African countries in a form of business deals and announcement of business contracts and other concrete partnerships, as well as in the improvement of training and technical partnership to Africa. The forum also acts a strategic diplomacy program of Indonesia in 2019 which includes the Indonesia-Africa Infrastructure Dialogue event in August/September 2019.





As many as 550 participants will join the IAF 2018, including the delegations of government and entrepreneurs from 53 African countries, and panelists from the international organizations such as the African Union, UN Economic Commission for Africa and World Bank. Meanwhile, the parties from Indonesia to participate in the forum include the ministers, SOEs, Indonesian chambers of Commerce and Industry (KADIN), and entrepreneurs.

The IAF 2018 will mainly discuss the economic diplomacy to create a stronger economic partnership through innovations, dialogs, and consultations. Indonesian Foreign Affairs Minister has also conducted the economic diplomacy to Africa several times by visiting several African countries with a business mission.

The foreign affairs ministry launches the hashtags #IAFbali2018 and #IndonesiaAfrica to increase people’s awareness about Indonesia’s Economic Diplomacy in Africa. “Africa is a future continent with a high economic growth and human resources, as well as strong purchasing power,” said the ministry’s expert staff for strategic issue, Ambassador Djauhari Oratmangun at an event with the theme ‘PR and Diplomacy Indonesia in Africa’ in Jakarta, March 10.

In addition to economic diplomacy, other issues highlighted at the IAF 2018 include infrastructure, energy, agriculture, technical partnership, funding facility, strategic industry, manufacture, digital economy, and connectivity. This forum is hoped to be able to create agreements in Indonesia-Africa businesses including the selling of Dirgantara Indonesia’s CN-235 aircraft in Senegal and Ivory Coast, as well as the commitment to improve technical partnership and scholarship to the African countries.

INFORIAL

PT Pelindo signs agreement with Djibouti port authority

Reporter: SYSTEM 2 hours ago

Nusa Dua, Bali (ANTARA News) - State-run port operator PT Pelabuhan Indonesia (Pelindo) II has signed a Memorandum of Understanding (MoU) with the Djibouti Ports and Free Zones Authority on port cooperation.

The MoU was signed by Pelindo`s Director of Operation and Information System, Prasetyadi, and Djibouti Ports` Director of Administration, Mohamed Aden Cheikh, on the sidelines of the Indonesia-Africa Forum (IAF) in Nusa Dua, Bali, on Tuesday.

"Africa has the second highest economic growth after Asia. The cooperation with African countries is crucial for Indonesia," Prasetyadi noted.

The MoU has shown Pelindo`s support to the Foreign Affairs Ministry`s program to enhance the relations between Indonesia and Africa, he stated.

"The MoU is expected to encourage economic self-reliance through the development of port sector, while strengthening Indonesia`s identity as a maritime state," he added.

The agreement would cover cooperation on port development, promotion, customer services, and mutual development on maritime business and international trade, as well as other related aspects that could increase port operation and its performance in the future.

Under the agreement, both sides would exchange information and policy on various topics that are relevant to the activities, including personnel training, internship, comparative study, operational improvement, environment, and promotion of port services, in a bid to increase trade and maritime services.

The agreement has focused on the development in technology and operational improvement that emphasize on the program and policy on environment to improve air quality, water quality, port waste management, and wildlife habitat within the Pelindo ports area as well as Djibouti Ports and Free Zones Authority.

Reported by Yuni Arisandy
(S022/INE/B003)
(T.SYS/A/KR-BSR/B003)

 

[pr1v4t33r]

 

[Nike]

Indonesia`s scientific publications overtake Singapore
Rabu, 11 April 2018 14:41 WIB - 2 Views

Reporter: SYSTEM

Research, Technology, and Higher Education Minister Mohamad Nasir. (ANTARA /Hendra Nurdiyansyah)

Jakarta (ANTARA News) - Indonesia`s international scientific publications successfully overtook Singapore until April 2018, Research, Technology, and Higher Education Minister Mohamad Nasir remarked here on Wednesday.

"Until April 3, 2018, the number of Indonesia`s international scientific publications had reached 5,250, although in 2017, it was still ranked below Singapore," Nasir noted.

According to the minister, a count will be taken of the total number of scientific publications by the end of the year. In the previous year, Indonesia overtook Thailand in terms of the number of scientific publications, the first time in two decades.

Meanwhile, of all scientific publications indexed in Scopus, Indonesia contributed 5,125; Singapore, 4,948; and Malaysia, totaling 5,999.

"This year, we are targeting to continue to increase the number of international publications in Indonesia," the minister emphasized.

He pointed out that the increase in the number of scientific publications could not be separated from the role of Research, Technology, and Higher Education Ministry`s Regulation No. 20 of 2017 on Lecturers` Professional Allowance and Professors` Honorary Allowance.

The regulation necessitates professors to publish international scientific papers. If there is no scientific publication, there will be a temporary suspension of honorary benefits.

In future, Nasir is optimistic that scientific publications would increase in addition to the number of citations.

"The problem is that the number of publications is increasing, but the citations are less. Furthermore, we expect the number of publications and citations to increase," he stated.

(O001/INE)
(T.SYS/B/KR-BSR/F001)
Editor: Heru Purwanto

COPYRIGHT © ANTARA 2018

 

[Svantana]

 

[Logam42]

Was just about to post that, ninja'd

I wonder where he got that colorised history reels from, never saw them before.

 

[UMNOPutra]

Indonesia's Lion Group expects to receive 36 new aircraft in 2018

JAKARTA, March 29, 2018 (Reuters) -

Indonesia-based budget airline company Lion Group expects to receive at least 36 new aircraft in 2018 amid 11 percent estimated growth in passenger numbers, its chief executive said on Thursday.

“We are optimistic that the deliveries will be on schedule,” Edward Sirait told a press conference.

The additions be made to Lion’s fleet in Indonesia, Malaysia and Thailand and would include eight Airbus, 18 Boeing and 10 ATR aircraft.

This year Lion plans to focus on its domestic fleets, Sirait said, adding that it had no plans to expand into other countries but would review regional markets.

The group has ordered at least 700 new aircraft up to 2025, he said.

Lion Air, one of Boeing’s largest customers, ordered 201 Boeing 737 MAX aircraft in 2012 and placed options for a further 150.

Transportation Partners, the leasing arm of Lion Group, has ordered 380 LEAP-1A engines from CFM International, a joint venture of GE and Safran Aircraft Engines, valued at $5.5 billion, to power its Airbus A320neo and A321neo aircraft, Sirait said.

Lion Group slowed its rate of fleet expansion for a second consecutive year in 2017, taking delivery of 29 aircraft, compared to 36 in 2016 and 57 in 2015. (Reporting by Cindy Silviana Writing by Fergus Jensen; Editing by Adrian Croft)

https://www.reuters.com/article/ind...receive-36-new-aircraft-in-2018-idUSL3N1RB4PR
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You are too good ....What do you get or PTDI get (as counter trade) from this huge deal or transaction? Nothing?

 

[Bungaterakhir]

^^ ohh i know this craap. lol..stupid, could you just get a life and fakk someone out there.

 

[Bungaterakhir]

Apple to Build Third Largest Industrial Hub in RI
source : https://en.tempo.co/read/news/2018/04/16/056917637/Apple-to-Build-Third-Largest-Industrial-Hub-in-RI

Industry Minister Airlangga Hartarto said the government would team up with the world's IT giants to boost the country’s information technology industry.

“One of the IT companies that will invest an innovation in Indonesia is Apple Computer,” he said on Monday, April 16.

Airlangga explained Apple would build its third IT industrial hub in Bumi Serpong Damai [BSD], Tangerang, Banten.

“This is Apple’s third largest industrial hub after Brazil and Italy," Airlangga said.

He explained the planned improvement of information technology in the Indonesian economic was in connection with the 4.0 industrial revolution that the government was prepping, which it said would be able to better the people’s welfare.

Airlangga said in the initial phase the 4.0 industrial revolution would focus on five manufacturing sectors, viz. the food and beverage industry, textile and clothing industry, automotive industry, chemical industry and electronics industry.

 

[Nike]

Producers protest supermarket chain’s ban of palm oil products

• News Desk
  The Jakarta Post
  

Jakarta | Mon, April 16, 2018 | 11:05 am

This undated aerial photograph shows an oil palm plantation in Dumai, Riau. (Antara Photo/Rony Muharrman)

• 
  

The Council of Palm Oil Producer Countries (CPOPC) has expressed dismay over the decision of UK-based supermarket chain Iceland Foods to stop selling palm oil products.

CPOPC executive director Mahendra Siregar said the ban was an act of discrimination against palm oil products and could turn into a global campaign against the commodity.

In a letter to Iceland Foods managing director Richard Walker dated April 13, Mahendra said palm oil had the highest productivity among vegetable oils, making it the most sustainable commodity in the use of land.

He said 1 hectare of land yielded only 0.3 tons of rape seed oil or 0.6 tons of soybean oil and sun flower oil, while 6 tons of palm oil could be produced in the same space.

Such a discriminative measure would speed up land degradation, cause more flora and fauna damage and boost CO2 emission, he added.

The supermarket chain said oil palm plantations contributed to deforestation in Indonesia and Malaysia and threatened the extinction of endangered species, Reuters reported recently.

“The campaign to cease using palm oil by Iceland would even cause more excessive use of land and is unlikely to replace palm oil [by another vegetable oil] globally,” said Mahendra in the letter, a copy of which was seen by The Jakarta Post on Sunday.

The CPOPC has 10 member countries. (bbn)

http://www.thejakartapost.com/news/...ermarket-chains-ban-of-palm-oil-products.html