Indonesia Economy Forum

[Aepsilons]

Probably not , obama's term will finish in less than 2 years and his sister is indonesian , needth to remind you?

LOL. And that has anything to do with this ? Thanks for, as you would say, "two coins in the box" tho.

 

[Raphael]

Indonesia has attractive wage-levels for manufacturers, but their infrastructure leaves a lot to be desired. I still foresee Thailand as the manufacturing hub of SEA - their momentary political commotion won't stop them.

 

[Indos]

Yeah....lets see... BTW, Did this guy above my post get banned after saying it ?

Manufacturing, value added (current US$) | Data | Table

@Nihonjin1051

 

[Nike]

Indonesia doesn't aspire to become Asia manufacturing hub, we want to become the driver of Manufacturing growth in Asia. Along with China, South Korea, Japan, India and other

 

[Dayax]

Fiji, June 19, 2014. The 2nd Pacific Islands Development Forum held in Fiji on this year was a highly valued moment for the Government of Indonesia as the President of Republic of Indonesia, Susilo Bambang Yudhoyono, was one among the keynote guests to give the speech in the Forum. This occasion was such a huge opportunity for Indonesia to enhance and strengthen the country's partnership in the marine and fishery sectors with 23 countries in Asia-Pacific region., particularly with Fiji.

Since the inception of the diplomatic relationship between Indonesia and Fiji on 1974 and the opening of Indonesian embassy in Suva, both countries have always been striving to enhance the bilateral partnership in the marine and fishery sectors given both countries have some things in common as the archipelagic countries.

The Minister of Marine Affairs and Fisheries of Republic of Indonesia, Sharif C. Sutardjo, conveyed that both countries have signed the Memorandum of Understanding (MoU) on the partnership in marine and fishery sectors. The signing held in Westin Hotel on June 18 was witnessed by the President Yudhoyono and the Prime Minister of Fiji, Josaia Voreqe Bainimarama.

"Both countries will work closely on the development and the promotion of the marine and fishery sectors, including on development of the sustainable capture fisheries, aquaculture and the processing and the marketing of the fishery products. In addition, we also agree to prevent and eradicate the IUU Fishing practice.," said the Minister.

The Government of Indonesia has previously conducted the partnership with Fiji on the technical collaboration of the marine and fishery sectors; the training of the seaweed farming and processing on 2012; the establishment of the seaweed processing facility in Suva, Fiji; and the training of the fish chips processing technically initiated and supplied by the Government of Indonesia.

source: ANTARA

 

[Dayax]

​

SEMARANG - After going through a long process, signatories cooperation utilization and development of ground breaking Ahmad Yani International Airport finally done Tuesday (17/6). By doing so, the construction for the expansion of the international airport in Semarang district has already begun.

Signing of the cooperation by President Director of PT Angkasa Pura I (Persero) Tommy Soetomo and military commander IV / Diponegoro Maj. Gen. Sunindyo, witnessed by the Indonesian Defense Minister Purnomo Yusgiantoro, Minister of Transportation Evert Erenst Mangindaan, Central Java Governor H Ganjar Pranowo SH, and Chief of staff of the Army Gen. Budiman.

In his speech, Governor Ganjar Pranowo said with the commencement of ground breaking is the result of hard work together. Construction of the airport will bring great influence in various sectors, ranging from economic, transportation and tourism. Direct flights to other areas both locally and internationally can also be opened.

"Thank God relieved, relieved to have been able to be implemented. All require a long process. I've got a mandate from the Governor before me and already the fourth time. I also apologize to Mr. Defense Minister, who has encourage, push to speed up progress where. Also the highest award at the Regional Commander, Chief of Staff of the army, because the assets can be used for people, "said Ganjar.
President Director of PT Angkasa Pura I (Persero) Tommy Soetomo states since long PT Angkasa Pura determined to build the airport. Moreover, the current capacity of the airport to the passenger terminal covering an area of 6,700 m2 only is not sufficient to increasing existing passengers. In 2013 accumulates in passenger traffic at Ahmad Yani Airport reached 3.2 million people.

"Development of the passenger terminal will be a vast 58.652 m2 which can accommodate 6-7 million passengers per year. It is expected that the process is not too long. The development is a unique concept that will use a floating airport or airports are located on the water in Indonesia, and the concept of eco-friendly airport environment, "said Tommy.

Minister of Transportation Evert Erenst Mangindaan confirms airport development is very important and historic. Ground breaking airports that have been done in response and anticipation soaring existing passengers. As is known Ahmad Yani Airport has 33 thousand flight schedules, can accommodate only 3.2 million passengers to 10 million tons (cargo), nine domestic airlines, and one air asia plane for international. With the runway apron reaches 29 thousand square meters can accommodate six Boeing 737 aircraft.

"This will have a positive impact to the rate of transport to other areas in Central Java and internationally. Its presence will reduce the solid lines in Soekarno Hatta and Juanda. In addition to increasing capacity, the facilities will also be held. In addition, the airport will be equipped with an area of 43 634 m2 parking area and system Baggage Handling System (BHS). In addition, the future will also be pursued construction of double track railway lines and construction of ports south of the IPC, "said Mangindaan.

Meanwhile Defence Minister Purnomo Yusgiantoro remind the commencement of construction Ahmad Yani Airport will be the center of defense and economy layout. The development is urgent given the tremendous needs of passengers.

"I am proud and excited for the completion of the signing of the KSP and ground breaking of Ahmad Yani Airport in Semarang. Utilization should also contribute to the state and still provide benefits to the state, "urge Purnomo.

source: humas pemprov jateng

 

[Dayax]

JAKARTA - Garuda Indonesia, starting on June 15, 2014, officially reinstated its Jakarta - Haneda service to meet market demand and broaden its flight network. Garuda Indonesia President & CEO, Emirsyah Satar and HE Ambassador of Japan to Indonesia, Mr. Yoshinori Katori officiated at the symbolic launching of the service at Gate E2 Soekarno - Hatta International Airport.
For Garuda Indonesia, the occasion signifies an important moment in history as its echoes the airline's first flight from Indonesia to Japan on 13 March 1962 which departed from the old Kemayoran Airport Jakarta for Haneda via Hong Kong, using a Lockheed L-118 Electra.
The Jakarta - Haneda daily flight schedule departs from Jakarta at 13.05 (Local Time) and arrives in Haneda at 22.35 (Local Time). On the return flight, GA 875 departs from Haneda at 00.30 (Local Time) and arrives in Jakarta at 06.00 WIB. To serve the Jakarta-Haneda direct service, Garuda Indonesia operates the newest Airbus A330-300 series that features a two class layout; business class with a seat capacity of 36 passengers and economy class for 215 passengers.
Garuda Indonesia President & CEO, Emirsyah Satar said that the reinstatement of the Jakarta - Haneda service is part of Garuda Indonesia's strategic effort to broaden its services to Japan and beyond. "The service allows Garuda Indonesia passengers to continue their journey to other cities in Japan with connecting ANA flights, or eventually to the United States with codeshare Delta Air Lines flights," said Emir
"Japan is very important to Garuda Indonesia and the people of Japan has always been a potential market. For more than 50 years, Garuda Indonesia has shown its support towards the diplomatic relations between Indonesia and Japan - especially in increasing economic, tourism and social activities between the two countries," added Emirsyah Satar.
With the opening of the Jakarta - Haneda direct service, Garuda Indonesia currently serves 39 weekly flights to Japan, including the Jakarta - Osaka (Kansai), Denpasar - Osaka (Kansai), Jakarta - Tokyo (Narita), Denpasar - Tokyo (Narita), Denpasar - Tokyo (Haneda), and Jakarta - Tokyo (Haneda).
Through the codeshare agreement with All Nippon Airways, Garuda Indonesia passengers will be able to fly with ANA to various large cities in Japan, such as Fukuoka, Saporro and Okinawa.
In addition, the opening of the Jakarta - Haneda service will offer Garuda Indonesia passengers the choice to continue their journey to Los Angeles and Seattle with Garuda Indonesia and Delta Airlines codesharing flights.
The launching of the Jakarta - Haneda direct service is part of the airline's "network" expansion program, especially in the international sector, following Garuda Indonesia's official entry into the "SkyTeam" global alliance.
As a SkyTeam member, Garuda Indonesia can now expand its service network to 1,064 destination cities in 178 countries that are served by SkyTeam member airlines, which constitutes more than 90% of the world's air traffic, with up to 15 thousand flights per day.
In line with Garuda Indonesia's continuous expansion through the airline's "Quantum Leap 2011-2015" long-term program, in 2014, Garuda Indonesia plans to purchase as many as 27 new airplanes, consisting of two (2) B777-300, four (4) A330, twelve (12) B738, three (3) CRJ, and six (6) ATR 72-600.

source: Garuda Indonesia

Nihon Indonesia

A Special Message from Minister Akihiro Ota

First Lady Japan, and Yusron Ambassador deliver a very special message
for Indonesia and Japan in Kokoro no Tomo Press Conference.

 

[Jakartans@PkDef]

I think everyone already knows about Lion Air - the Indonesin private-owned domestic airlines company that set the record (twice) by buying 230 Boeing 737 - 900 in 2012 in a deal worth of US 22,4 billions and in 2013 the same company sign a deal with Airbus to buy 234 units of Boeing A320 aircraft.at cost of US 24 billions.

Boeing Signs Record $22.4 Billion Lion Air Order for 737s
Boeing Co. (BA) signed a 230-aircraft order worth $22.4 billion at list prices from Indonesian budget carrier PT Lion Mentari Airlines, setting a record for the planemaker.

The accord today at the Singapore Airshow, which solidifies a provisional agreement last year, includes 201 orders for the in-development 737 MAX and 29 for the extended range 737-900. Airbus SAS separately announced a contract for 35 of its planned A320neo aircraft from Kuwait-based Aviation Lease & Finance Co.

The two planemakers are working on more fuel-efficient versions of their single-aisle aircraft as they compete for customers in a segment accounting for about 60 percent of the global fleet. The companies’ stranglehold on the market is also under threat as Commercial Aircraft Corp. of China and Bombardier Inc. (BBD/B) develop their first planes of that size.

Chinese planemaker Comac today announced orders for 20 of its C919 plane from BOC Aviation Pte, the leasing unit of Bank of China Ltd. The aircraft is the nation’s first large passenger jet.

The Lion Air order, which also includes 150 options, is Boeing’s largest in terms of dollar value and aircraft numbers. It surpasses a Southwest Airlines Co. deal for 208 737s signed in December and comes about a month after a European record order for 122 737s from Norwegian Air Shuttle AS. Airlines usually receive discounts for large orders.

Source : Boeing Signs Record $22.4 Billion Lion Air Order for 737s - Bloomberg

Airbus wins record order for 234 planes from Indonesia's Lion
The European-owned planemaker Airbus has won a record order for 234 planes worth 18.4bn euros (£15.7bn, $24bn) from Indonesia's Lion Air.

The order trumps last year's record order for 230 Boeing planes - also from Lion Air.

The planes will be made in France and will secure 5,000 jobs there, where the unemployment rate is high at about 10%.

Lion, now a major airline in Indonesia, started up just 13 years ago.

The two orders, once fulfilled, would put the airline in the world's top 10 by number of aircraft, although Lion Air is banned from flying within both the 27-nation European Union and the US. because of fears that its safety standards are not up to scratch.

Lion currently has just 92 Boeing planes, which fly mainly within Indonesia but also to Saudi Arabia.

It operates the low-cost aircraft carrier model and holds about a 45% market share in Indonesia, a country spread across around 6,000 inhabited islands with a population of 240 million people.

Indonesia air traffic is forecast to grow at 20% a year, and the country's economy is growing at about 6% a year.

Source : BBC News - Airbus wins record order for 234 planes from Indonesia's Lion

My question is who owns that company?
Okay of course we all know who is the owner.
But what i mean is who is the real owner of Lion Air? i mean the money??

 

[Jakartans@PkDef]

A friendly reminder from the incumbent to the future leader.

================================
Indonesia’s Next Leader to Inherit Fragile Economy: Finance Minister
By Novrida Manurung & Neil Chatterjee on 08:44 am Jun 20, 2014

Indonesia’s next president will need to discard election rhetoric and focus on raising fuel prices and luring foreign investment to address the budget and current- account deficits, the outgoing finance minister said.

The economy is still fragile and the incoming administration must prepare for investors pulling funds from emerging markets such as Indonesia when the US Federal Reserve starts to increase borrowing costs, M. Chatib Basri said in an interview in Jakarta on Wednesday. Presidential candidates for the July election, Joko Widodo and Prabowo Subianto, have struck a protectionist tone in campaigning, saying they will look to renegotiate some contracts with foreign investors.

Southeast Asia’s biggest economy is struggling to contain a persistent current-account deficit that helped make the rupiah Asia’s worst performer last year, while ballooning fuel subsidy costs have increased the 2014 budget shortfall and forced a reduction in state spending. The former OPEC member isn’t likely to become a net oil exporter again as production declines, leaving a long-term revenue shortfall for policy makers to deal with, Chatib said.

“There’s no way that this country can achieve 7 percent growth without being open to foreign investment, or you end up with a persistent current-account deficit,” Chatib said. “Policy would be constrained by this economic rationality.”

The rupiah has fallen 4.7 percent this quarter as the election race tightened and the trade deficit widened. The currency strengthened 0.5 percent to 11,934 per dollar in Jakarta on Thursday, according to prices from local banks, after Fed chair Janet Yellen said on June 18 that US rates will stay low “for a considerable time” after the monetary authority ends its bond-buying program.

Current account

“We need to anticipate the possibility of capital outflows from emerging markets including Indonesia,” Chatib said.

Investor concern over the currency will remain until a definitive result of the July 9 election is known, Chatib said. The current administration’s efforts to damp domestic demand and the central bank’s interest rate increases mean the current- account deficit is expected to be between 2.5 percent and 3 percent of gross domestic product this year, Chatib said. The shortfall was 3.26 percent of GDP last year.

The tightening bias will continue this year and that means the next government may see 2015 growth of under 6 percent, Chatib said. GDP rose 5.21 percent in the first quarter from a year earlier, the least since 2009, official data show.

Presidential race

Presidential frontrunner Joko has said he is confident the economy can grow more than 7 percent with improved regulations, while Prabowo, an ex-special forces general, wants to boost growth to as much as 10 percent by raising more money from capital markets and with tax. Joko’s lead over Prabowo has narrowed to about six percentage points, according to a June survey by polling company Lingkaran Survei Indonesia, down from 13 percentage points a month earlier.

“I don’t think there would be major changes to policy whoever becomes president,” Chatib said. “Both of them need to ensure they could provide jobs to reduce poverty, otherwise they won’t get the political support.”

Bloomberg
Indonesia’s Next Leader to Inherit Fragile Economy: Finance Minister | The Jakarta Globe

 

[Nike]

I think everyone already knows about Lion Air - the Indonesin private-owned domestic airlines company that set the record (twice) by buying 230 Boeing 737 - 900 in 2012 in a deal worth of US 22,4 billions and in 2013 the same company sign a deal with Airbus to buy 234 units of Boeing A320 aircraft.at cost of US 24 billions.


Source : Boeing Signs Record $22.4 Billion Lion Air Order for 737s - Bloomberg


Source : BBC News - Airbus wins record order for 234 planes from Indonesia's Lion

My question is who owns that company?
Okay of course we all know who is the owner.
But what i mean is who is the real owner of Lion Air? i mean the money??

if you take a look carefully the word of Lion? the only thing near Indonesia who associated themselves with Lion is Singa-pore, yes Temasek holding who actually runs behind Rusdi Kirana. That's why, even if Lion Air had such crappy services compared to other budget airlines in Indonesia they will always get more credit from International consortium Banks to expand their business here.

 

[Jakartans@PkDef]

if you take a look carefully the word of Lion? the only thing near Indonesia who associated themselves with Lion is Singa-pore, yes Temasek holding who actually runs behind Rusdi Kirana. That's why, even if Lion Air had such crappy services compared to other budget airlines in Indonesia they will always get more credit from International consortium Banks to expand their business here.

Ah Temasek!
They also hold 35% share of Telkomsel through SingTel.

 

[Nike]

Ah Temasek!
They also hold 35% share of Telkomsel through SingTel.

yes, Rusdi doesn't have that money to expand Lion Air business and always borrowing money from international consortium Banks, and the trusts he gained is came from Temasek holding surely.

 

[Jakartans@PkDef]

yes, Rusdi doesn't have that money to expand Lion Air business and always borrowing money from international consortium Banks, and the trusts he gained is came from Temasek holding surely.

In Singapore, the state not only the regulator but the player

The Jakarta Great Sale 2014
A Six-Week Shopping Spree to Sate Your Retail Urges

Indonesian shoppers look at shirts on sale at a shopping mall in Jakarta. (EPA Photo/Mast Irham)


June is an exciting month for Jakartans, with the city that many both love and loathe is celebrating its anniversary. This year, Jakarta is turning 487 years old, and as every year, a series of fun competitions and festivities are held to celebrate this happy occasion.

One of the most-awaited events for the city’s shopaholics is the Festival Jakarta Great Sale (FJGS).

FJGS, which has been held annually since 2008, is the initiative of the city administration, working with more than a dozen retail associations, including the Association of Shopping Mall Managements in Indonesia (APPBI) and the Association of Indonesian Retailers (APRINDO).

“We aim to establish Jakarta as an international shopping destination through the FJGS event,” says Arie Budiman, head of the Jakarta Tourism Office.

The festival was officially opened by Acting Governor Basuki Tjahaja Purnama and Tourism and Creative Economy Minister Mari Elka Pangestu at the Emporium Pluit mall in North Jakarta last Saturday.

The opening ceremony was followed by a performance of Betawi, or traditional Jakarta, songs and dances in the main atrium of the mall that evening. Thousands of guests got a chance to visit the Kampung Betawi Tempo Doeloe (Old-Time Betawi Old Village), a food bazaar at the mall that featured many of the unique dishes from the capital.

While the festival usually lasts for one month, this year FJGS will run for six weeks, through July 19.

“It’s such a perfect time for the FJGS this year,” says Ellen Hidayat, chairwoman of the Jakarta chapter of the APPBI. “It coincides perfectly with Jakarta’s anniversary, the school holidays, and [the start of] the fasting month.”

The latter, Ramadan, is expected to start on June 28 this year.

“By mid-July, most people will have received their THR [holiday bonus],” Ellen adds. “So they can definitely spend more money at the malls.”

Seventy-five shopping centers and 9,100 stand-alone stores throughout Jakarta are taking part in the FJGS this year, offering discounts of up to 70 percent.

“We guarantee that all the discounts are genuine,” says Satria Hamid Ahmadi, deputy secretary general of APRINDO. “No participants will cheat by hiking the prices first [before the FJGS] and then discounting them [during the event]. Nor will they sell any damaged goods on discount.”

Last year, retailers raked in Rp 11.8 trillion ($1 billion) in during the FJGS. This year, the organizers target a 15 percent increase.

To achieve this goal, the organizers are collaborating with travel agencies and airlines to promote the event outside Jakarta through flyers and in-flight magazines.

“We’re very optimistic that we can achieve the target within six weeks,” Ellen says.

All the malls participating in the FJGS have decked out their interiors with typical Betawi decorations.

“There will be a competition for the most attractive mall decorations and programs during FJGS 2014,” Ellen says. “This competition will urge the malls to be smart and creative in their efforts to draw more visitors to their malls.”

Luxury labels are also getting into the spirit, with a 30 percent increase in the number of high-end brands taking part this year, also offering price cuts of up to 70 percent.

“So now you don’t have to go abroad for luxury branded items,” Ellen says.

The FJGS will also highlight handmade products by small and medium local businesses, or SMEs at the festival.

The Jakarta chapter of the National Handicraft Council, or Dekranasda, has carefully handpicked a number of SMEs to showcase their merchandise at the participating malls during the event.

“We want to introduce products [made by SMEs] to the customers and make the customers realize that their products are as excellent as the imported ones,” Ellen says.

The products to be highlighted during the FJGS include, among others, fashion accessories, batik clothing, handicrafts, and Islamic fashion.

Another highlight of the six-week shopping extravaganza is the Grand Midnight Sale that will be held concurrently at 15 shopping malls in Jakarta, including Central Park, Kota Kasablanka and Plaza Semanggi on June 21 and 22.

The Grand Midnight Sale will open with fireworks and a musical performance at Senayan City, South Jakarta, on June 21.

“There will be more interesting discounts and offers at the malls during the Grand Midnight Sale,” Ellen says.

Arie from the tourism office says he believes the presidential election, which will be held on July 9, will not have a negative impact on the shopping festival.

“On the contrary, [the election day] will be such a positive promotion for the city,” he says. “It will show that in spite of the presidential election, the city is safe and peaceful and the people can continue to shop and enjoy themselves.”

Ellen agrees.

“I believe that the election day will be an even greater benefit for FJGS 2014,” she says.

“[The election day] will be a one-day holiday. And where can people go on a one-day vacation in Jakarta, except to the malls?”

The FJGS 2014 closing ceremony will be held at Lotte Shopping Avenue in Ciputra World, South Jakarta, on July 19. During the closing ceremony, the city administration will announce the winners of the most exciting mall decorations and programs.

“Even though the FJGS closes on July 19, I believe most of the malls will continue their discount programs through to the Idul Fitri holiday,” Ellen says.

The holiday, which marks the end of Ramadan, is expected to fall on July 28 and 29 this year.

For future Jakarta anniversary events, the APPBI and APRINDO plan to organize a much bigger shopping festival, which will extend to other cities in Java, such as Semarang and Surabaya.

“We’re thinking to combine them all and start with the Java Great Sale in a year or two,” says Satria of APRINDO.

Until then, Jakarta offers plenty of retail therapy.
A Six-Week Shopping Spree to Sate Your Retail Urges | The Jakarta Globe

 

[Aepsilons]

Mitsubishi, partners putting up nickel mining, smelting business in Indonesia

Khoirul Amin

The Jakarta Post

Publication Date : 20-06-2014



Japanese integrated business enterprise Mitsubishi Corporation, popular in the country for its automotive products, expects to start its nickel mining and smelting projects in Weda Bay, Halmahera in Indonesia by the end of the year through joint venture PT Weda Bay Nickel (WBN).

Mitsubishi regional coordinator and advisor for the Indonesian market Masataka Komiya said on Wednesday that WBN would invest over US$5 billion in the nickel mining and smelting project.

“We have been partnering with PT Aneka Tambang [Antam] and a French company [through WBN] to conduct the feasibility study over the last four years. We are now waiting for the project’s prototype and economic review,” he told reporters after a closed meeting with Trade Minister Muhammad Lutfi and Coordinating Economic Minister Chairul Tanjung.

WBN is a joint venture company, which is 90 per cent owned by Singapore-based Strand Minerals Pte. Ltd. and 10 per cent owned by state-owned diversified miner Antam, according to information posted on its website.

The website also mentions that 66.6 per cent of Strand Minerals’ stake is owned by France-based Eramet Group, while the remaining 30 per cent and 3.4 perc ent is owned by Japanese firms Mitsubishi and Pacific Metal Co. Ltd. (Pamco), respectively.

Lutfi said WBN had planned to start the mining operation and building the smelter by the end of this year once everything had been prepared.

“Komiya met with the coordinating economic minister to report that final preparations were being made and it asked for support from the minister so that it could start operations without delay,” he said.

Lutfi said that WBN would build a nickel smelter that would process nickel to meet a purity level of 97 per cent, a product similar to aluminum ingot.

The country’s current demand for aluminum ingots is estimated to reach 600,000 tonnes each year, but state-owned aluminum maker PT Indonesia Asahan Aluminium (Inalum),

which is currently the only aluminum smelter in the country, can supply only less than half of the figure, leaving the majority for
imports.

Komiya said WBN would market its processed nickel products for both the Indonesian market and international market, mainly Asian countries.

Aside from aiming to accelerate the operation of the Weda Bay project, Komiya said, Mitsubishi had also planned to build an automotive factory in Indonesia this year.

“Thailand has become the fastest-growing car industry in Southeast Asia, but its current [political] situation is not good. In terms of population, the Indonesian market is bigger in many ways. So, we have to follow that logic,” he said, adding that a detailed study on the plan was still underway.

Komiya hinted, however, that the factory would probably be mainly dedicated to producing multipurpose vehicles (MPVs), the favored car type in the country.

The Association of Indonesian Automotive Manufacturers (Gaikindo) recorded that total sales of the 4x2 car type (comprising MPVs and a few sport utility vehicles [SUVs]) accounted for 787,712 units or 64 per cent of the total auto sales last year.

Mitsubishi, partners putting up nickel mining, smelting business in Indonesia - ANN

 

[Aepsilons]

Good to see further collaboration between Japanese firms with Indonesia.