pr1v4t33r
SENIOR MEMBER
- Joined
- Nov 20, 2014
- Messages
- 5,042
- Reaction score
- 5
- Country
- Location
And not only with Indonesia. China recorded more than $200 Billion trade surplus last year.
Last edited:
Indonesia Economy Forum
- Thread starter Pirupiru
- Start date
And not only with Indonesia. China recorded more than $200 Billion trade surplus last year.
Indos
PDF THINK TANK: ANALYST
- Joined
- Jul 25, 2013
- Messages
- 23,466
- Reaction score
- 24
- Country
- Location
Indonesia eyes US$602 million
income revenue from asset
revaluation
Ayomi Amindoni, thejakartapost.com | Business | Wed, January 20 2016, 5:01 PM
Unnoticed: A banner promoting the omission of administrative sanctions for 2015 tax arrears is seen off Jl.
Gunawarman, South Jakarta, on Jan. 1. At least 43 state-owned companies plan to conduct asset revaluation this year, contributing a total of US$602 million in tax income for the government. (thejakartapost.com/Wienda Parwitasari)
Business News
The State Owned Enterprises (SOEs) Ministry is eyeing an additional tax revenue of Rp 8.4 trillion (US$602 million) sourced from the asset revaluation that several state owned firms have planned to work on this year.
To date, 43 state-owned companies, along with 19 of its subsidiaries, have confirmed the plan, jacking up their total asset value by Rp 310 trillion to Rp 1.35 quadrillion, said SOEs Minister Rini Soemarno.
"Several state owned companies are planning to hold asset revaluation this year. With the tax rate set at 4 to 6 percent, there will be an additional Rp 8.4 trillion to Rp 10.61 trillion in tax revenue," she said in a press conference in Jakarta on Tuesday.
Through asset revaluation, Rini added, the ministry targets total assets of all state owned companies to reach Rp 6.24 quadrillion. PT PLN will be the top state-owned company in terms of assets, she said.
As of 2015, the total assets of 118 state owned companies stand at Rp 5.39 quadrillion, compared to Rp 4.57 quadrillion in 2014.
The government has offered tax incentives for asset revaluation. Through the fifth economic policy package, a company that files for an asset revaluation in the first half of 2016 will be subject to 4 percent income tax, 6 percent in the second half.
Prior to the release of the policy package, the normal tax income rate for asset revaluation was 10 percent.
Darussalam, taxation expert from the University of Indonesia, projects that asset revaluation could increase a company's equity, helping them to meet with the government’s rule obliging private firms to maintain a good debt-to-equity ratio amid increasing foreign debt.
And in return, there will be additional tax income for the government when companies apply to revalue their assets this year. (ags)(+)
- See more at: Indonesia eyes US$602 million income revenue from asset revaluation | The Jakarta Post
----------------------------------------------------------------------------------------------------
Previous News regarding Indonesian State Owned Companies
January 16, 2015 9:35 am JST
Bank Mandiri
Indonesian state lender to raise $800 million by rights issue
LINDA SILAEN, Nikkei staff writer
JAKARTA -- Indonesia's largest bank by assets, Bank Mandiri, plans to raise up to 10 trillion rupiah ($793 million) from a rights issue in July to strengthen its capital and boost lending as the government prepares for major infrastructure projects.
Bank Mandiri’s Group CEO Budi Gunadi Sadikin speaks at an event in Jakarta Jan.14
The government, which owns 60.6% of Mandiri's 23.33 billion outstanding shares, has approved the program and will inject funds into the bank to take their rights, State Enterprises Minister Rini Soemarno said Wednesday.
Through cutting fuel subsidies, the Indonesian government has freed up to 205 trillion rupiah, part of which will be used to leverage lending for infrastructure development. The government will pledge around 48 trillion rupiah as fresh capital for state-owned companies, but this requires approval from the House of Representatives, expected to meet this month. Three other state-owned banks, Bank Rakyat Indonesia, Bank Negara Indonesia and Bank Tabungan Negara are also waiting for fresh capital after the Mandiri deal.
Budi Gunadi Sadikin, Bank Mandiri Group CEO, said on Wednesday, that with the new funds the capital adequacy ratio will surge past 17% and help its loan expansion.
Soemarno said he also plans to cut dividend payouts by state-owned banks to beef up their capital to meet the Basel III rules and provide more money for government projects.
Teguh Haryanto, an analyst at Bahana Securities, said the government is likely to retain a majority stake in Mandiri by participating in the rights issue. Through the rights issue, the bank will be able to provide increased liquidity flows and keep expanding its loan portfolio. This could subsequently improve BMRI's margins on an expected lower blended cost of funding, the analyst added.
Bank Mandiri: Indonesian state lender to raise $800 million by rights issue- Nikkei Asian Review
income revenue from asset
revaluation
Ayomi Amindoni, thejakartapost.com | Business | Wed, January 20 2016, 5:01 PM
Unnoticed: A banner promoting the omission of administrative sanctions for 2015 tax arrears is seen off Jl.
Gunawarman, South Jakarta, on Jan. 1. At least 43 state-owned companies plan to conduct asset revaluation this year, contributing a total of US$602 million in tax income for the government. (thejakartapost.com/Wienda Parwitasari)
Business News
The State Owned Enterprises (SOEs) Ministry is eyeing an additional tax revenue of Rp 8.4 trillion (US$602 million) sourced from the asset revaluation that several state owned firms have planned to work on this year.
To date, 43 state-owned companies, along with 19 of its subsidiaries, have confirmed the plan, jacking up their total asset value by Rp 310 trillion to Rp 1.35 quadrillion, said SOEs Minister Rini Soemarno.
"Several state owned companies are planning to hold asset revaluation this year. With the tax rate set at 4 to 6 percent, there will be an additional Rp 8.4 trillion to Rp 10.61 trillion in tax revenue," she said in a press conference in Jakarta on Tuesday.
Through asset revaluation, Rini added, the ministry targets total assets of all state owned companies to reach Rp 6.24 quadrillion. PT PLN will be the top state-owned company in terms of assets, she said.
As of 2015, the total assets of 118 state owned companies stand at Rp 5.39 quadrillion, compared to Rp 4.57 quadrillion in 2014.
The government has offered tax incentives for asset revaluation. Through the fifth economic policy package, a company that files for an asset revaluation in the first half of 2016 will be subject to 4 percent income tax, 6 percent in the second half.
Prior to the release of the policy package, the normal tax income rate for asset revaluation was 10 percent.
Darussalam, taxation expert from the University of Indonesia, projects that asset revaluation could increase a company's equity, helping them to meet with the government’s rule obliging private firms to maintain a good debt-to-equity ratio amid increasing foreign debt.
And in return, there will be additional tax income for the government when companies apply to revalue their assets this year. (ags)(+)
- See more at: Indonesia eyes US$602 million income revenue from asset revaluation | The Jakarta Post
----------------------------------------------------------------------------------------------------
Previous News regarding Indonesian State Owned Companies
January 16, 2015 9:35 am JST
Bank Mandiri
Indonesian state lender to raise $800 million by rights issue
LINDA SILAEN, Nikkei staff writer
JAKARTA -- Indonesia's largest bank by assets, Bank Mandiri, plans to raise up to 10 trillion rupiah ($793 million) from a rights issue in July to strengthen its capital and boost lending as the government prepares for major infrastructure projects.
Bank Mandiri’s Group CEO Budi Gunadi Sadikin speaks at an event in Jakarta Jan.14
The government, which owns 60.6% of Mandiri's 23.33 billion outstanding shares, has approved the program and will inject funds into the bank to take their rights, State Enterprises Minister Rini Soemarno said Wednesday.
Through cutting fuel subsidies, the Indonesian government has freed up to 205 trillion rupiah, part of which will be used to leverage lending for infrastructure development. The government will pledge around 48 trillion rupiah as fresh capital for state-owned companies, but this requires approval from the House of Representatives, expected to meet this month. Three other state-owned banks, Bank Rakyat Indonesia, Bank Negara Indonesia and Bank Tabungan Negara are also waiting for fresh capital after the Mandiri deal.
Budi Gunadi Sadikin, Bank Mandiri Group CEO, said on Wednesday, that with the new funds the capital adequacy ratio will surge past 17% and help its loan expansion.
Soemarno said he also plans to cut dividend payouts by state-owned banks to beef up their capital to meet the Basel III rules and provide more money for government projects.
Teguh Haryanto, an analyst at Bahana Securities, said the government is likely to retain a majority stake in Mandiri by participating in the rights issue. Through the rights issue, the bank will be able to provide increased liquidity flows and keep expanding its loan portfolio. This could subsequently improve BMRI's margins on an expected lower blended cost of funding, the analyst added.
Bank Mandiri: Indonesian state lender to raise $800 million by rights issue- Nikkei Asian Review
Last edited:
MarveL
FULL MEMBER
- Joined
- Nov 30, 2013
- Messages
- 1,166
- Reaction score
- 4
- Country
- Location
Logung Reservoir construction: Workers completing construction in the village Tanjungrejo, Kudus, Central Java, yesterday. Ministry of Housing and Public Works (PU-Pera) mentions the project's progress of Logung Reservoir, Kudus, Central Java, per January 2016 reached realization 19.87% or higher than planned 15.71% and scheduled for completion in December 2017.
Officials from the Department of Transportation assisted by members of the military crack down on illegal parking of vehicles along Jalan Pasar Baru, Jakarta, yesterday. Repression in the form of flatting the tires and tow it to give deterrent effect to motorists who use the road shoulder as a parking lot.
100MW power plant: Workers inspect the transformer panel of Gorontalo power plant while testing the system and the voltage in the district Paguat, Pohuwato, Gorontalo, last weekend. Gorontalo power plant with a capacity of 100 MW power plant is one of the program's first 35 thousand MW in operation during the reign of President Joko Widodo-Kalla
Last edited:
anas_nurhafidz
FULL MEMBER
- Joined
- Nov 30, 2014
- Messages
- 1,382
- Reaction score
- 0
- Country
- Location
Jakarta tonight
@irwinday
@irwinday
MarveL
FULL MEMBER
- Joined
- Nov 30, 2013
- Messages
- 1,166
- Reaction score
- 4
- Country
- Location
Outlets of foreign currency exchange Artha Mas at ITC Kuningan, Jakarta, look at the condition of yuan banknotes, Thursday (21/1). Given the high balance of trade with China, the Government encourages the use of the yuan in trade between Indonesia and China.
Toll Development: Some workers using heavy equipment leveling the ground to complete the construction of toll roads in Sidorejo Bawen-Salatiga, Salatiga, Central Java, yesterday. Based on data from PT Trans Marga Central Java, land acquisition for the construction of Toll Road Bawen-Salatiga has reached 92%.
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Indonesia tops Asia-Pacific in small businesses performance
Jumat, 22 Januari 2016 10:14 WIB | 397 Views
AsiaNet 63165
MELBOURNE, Australia, Jan. 22, 2016 (Antara/Medianet International-AsiaNet) --
New survey data from CPA Australia shows Indonesia's small businesses are significantly outperforming their competitors in the Asia-Pacific on the key economic drivers of innovation, e-commerce and social media.
The findings, from CPA Australia's annual Asia-Pacific Small Business Survey, follow extensive surveying of nearly 3,000 small business operators in Malaysia, Vietnam, China, Hong Kong, Singapore, Australia, New Zealand and Indonesia.
CPA Australia chief executive Alex Malley says the annual survey shows that Indonesia is unrivalled in the Asia- Pacific when it comes to innovation.
"Indonesia is leading its competition in other markets in the region in innovation and is the top performer when it comes to other future drivers of growth and job creation ¿ exporting, and e-commerce.
"Indonesia's small business sector has had the most successful 12 months of all the Asia-Pacific markets surveyed, with 91 per cent of respondents reporting that they grew over this period, well above the survey average of 68 per cent.
"This very strong sentiment is expected to continue in 2016, with 93 per cent of small businesses expecting to grow. And again, this is well above the survey average of 71 per cent across the Asia-Pacific.
"The sector's positive outlook is translating into jobs, with two thirds of Indonesia¿s small businesses increasing the number of their employees in the past 12 months, up from 49 per cent in 2014 and well above the survey average of 33 per cent.
"This strong performance and positive outlook is despite some challenging external factors such as slowing growth in China, weak recoveries in the economies of the US, Japan and the Euro area and weak commodity prices," Malley said.
Key findings from the survey where Indonesia is outperforming its competition in the Asia-Pacific include:
* 46 per cent of respondents definitely expect to innovate through the introduction of a new product, service or process, compared with the survey average of 22 per cent
* 86 per cent of respondents expect to grow their e-commerce presence to a large extent, compared with the survey average of 32 per cent
* 94 per cent of respondents earned revenue from online sales, compared with the survey average of 69 per cent
The CPA Australia Asia-Pacific Small Business Survey provides annual insights into the views of small businesses across the region and forms part of a longitudinal study that began in 2009.
-ENDS-
Media contact: Stuart Dignam on +61-434-003-911 ormedia@cpaaustralia.com.au
SOURCE: CPA Australia
Indonesia tops Asia-Pacific in small businesses performance - ANTARA News
Jumat, 22 Januari 2016 10:14 WIB | 397 Views
AsiaNet 63165
MELBOURNE, Australia, Jan. 22, 2016 (Antara/Medianet International-AsiaNet) --
New survey data from CPA Australia shows Indonesia's small businesses are significantly outperforming their competitors in the Asia-Pacific on the key economic drivers of innovation, e-commerce and social media.
The findings, from CPA Australia's annual Asia-Pacific Small Business Survey, follow extensive surveying of nearly 3,000 small business operators in Malaysia, Vietnam, China, Hong Kong, Singapore, Australia, New Zealand and Indonesia.
CPA Australia chief executive Alex Malley says the annual survey shows that Indonesia is unrivalled in the Asia- Pacific when it comes to innovation.
"Indonesia is leading its competition in other markets in the region in innovation and is the top performer when it comes to other future drivers of growth and job creation ¿ exporting, and e-commerce.
"Indonesia's small business sector has had the most successful 12 months of all the Asia-Pacific markets surveyed, with 91 per cent of respondents reporting that they grew over this period, well above the survey average of 68 per cent.
"This very strong sentiment is expected to continue in 2016, with 93 per cent of small businesses expecting to grow. And again, this is well above the survey average of 71 per cent across the Asia-Pacific.
"The sector's positive outlook is translating into jobs, with two thirds of Indonesia¿s small businesses increasing the number of their employees in the past 12 months, up from 49 per cent in 2014 and well above the survey average of 33 per cent.
"This strong performance and positive outlook is despite some challenging external factors such as slowing growth in China, weak recoveries in the economies of the US, Japan and the Euro area and weak commodity prices," Malley said.
Key findings from the survey where Indonesia is outperforming its competition in the Asia-Pacific include:
* 46 per cent of respondents definitely expect to innovate through the introduction of a new product, service or process, compared with the survey average of 22 per cent
* 86 per cent of respondents expect to grow their e-commerce presence to a large extent, compared with the survey average of 32 per cent
* 94 per cent of respondents earned revenue from online sales, compared with the survey average of 69 per cent
The CPA Australia Asia-Pacific Small Business Survey provides annual insights into the views of small businesses across the region and forms part of a longitudinal study that began in 2009.
-ENDS-
Media contact: Stuart Dignam on +61-434-003-911 ormedia@cpaaustralia.com.au
SOURCE: CPA Australia
Indonesia tops Asia-Pacific in small businesses performance - ANTARA News
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Indonesia to focus on downstream industry
Kamis, 21 Januari 2016 08:57 WIB | 711 Views
Pewarta: Andi Abdussalam
Jakarta (ANTARA News) - Indonesia will focus on developing its downstream industry to process raw materials and export finished goods with added value in order to catch up with other Asian countries, such as Japan.
To achieve the goal, the government hopes that development of industry should be planned in short, medium and long term in such a way that it becomes a roadmap for the next 100 years.
For this purpose, the government of Joko Widodo (Jokowi) has established a National Industry and Economic Committee (KEIN), assigned to come up with recommendations and formulate a strategy that will be combined with other concepts for development.
"The combination will enable us to work out details on development planning in the short, middle and long-term. I have asked for a roadmap for the next 50 to 100 years so that we have guidelines that can help us reach our objectives," the president said at the State Palace on Wednesday.
Therefore, KEIN will focus on working out a concept regarding the development of downstream industry where raw materials should be processed in the first place than simply exporting these.
"We will direct our country towards the goal of becoming a progressive industrial country, like Japan, South Korea or Taiwan. We will move in that direction," newly installed KEIN Chairman Soetrisno Bachir said at the State Palace.
He expressed optimism that Indonesia will become an industrial country with high economic growth. "It is now time to boost economic growth. During the current governments tenure, the industry must grow at a higher level," the KEIN chairman said.
"We discussed today that the time is ripe for Indonesia to carry out its industrialization program," said Soetrisno Bachir.
He said that Indonesia must not remain merely a supplier of raw materials but should become an exporter of finished goods.
The falling oil prices, as per the KEIN, can add momentum to Indonesias move to carry out its industrialization program.
"The oil production cost will also decline. We do face a small constraint, namely the banking interest rate, which is still relatively high, regardless of inflation that has already come down," the KEIN chairman noted.
He said President Joko Widodo (Jokowi) would have preferred that the banks lending rate also goes down speedily this year so that Indonesian products would become more competitive, especially in the current ASEAN Economic Community (AEC) era.
"Since we have members who are professionals and entrepreneurs, we hope the inputs provided by the KEIN would turn out to be implementable recommendations and not merely remain on paper," Soetrisno said.
Therefore, President Jokowi hoped the KEIN would help present a more detailed picture of industrial development planning.
"Although we already have a roadmap of economic and industrial development, KEIN will provide further data and better ways of planning," President Jokowi said after receiving the organizing committee of the 2016 National Press Day Commemoration here on Wednesday.
He said the members of KEIN included economic players, academicians and business leaders. "The combination will enable us to work out details on development planning for short, middle and long-term developmental process. I have asked for plans that lay a roadmap for the next 50 to 100 years so that we have certain guidelines that help us direct our objectives," the president said.
He said that short-term plan must be put in place because the government was doing its best to create as many jobs as possible.
The president also explained the difference between KEIN and the National Economic Committee (KEN). The head of state explained KEINs prime focus was development of downstream industry and the industrialization program which would provide back-up for economic growth.
"Raw materials should contribute to the efforts to enhance value addition," he said.
In this case, the Indonesian presiden the KEIN to give concrete inputs and recommendations that can be implemented.
"(If you) wish to give recommendations, give us tangible ones that can be executed," presidential spokesman Johan Budi said meanwhile after the inauguration of the new board of KEIN at the Merdeka Palace on Wednesday.
Citing an example, President Joko Widodo referred to credit interest which is not yet down, despite the fact that inflation has already declined, he said.
"Inflation was recorded at 3.3 percent at the end of 2015, while in 2014 it was 8.0 percent. Inputs from KEIN are expected on this account," he said.
Johan said President Joko Widodo also underlined that it is also KEINs task to study the economy and industry.
"Based on the results of their study, they would give recommendations to the President. They must coordinate with the Coordinating Minister for Economic Affairs and other ministers concerned with economic and industrial affairs," he said.
In the meantime, legislator Anang Hermansyah of Commission X on creative economy affairs of the House of Representatives (DPR), said the newly KEIN had also to pay attention to the development of creative economy.
"I hope that the KEIN will also pay attention to the development of creative economy in Indonesia," he said.
He said it is expected of the establishment of the KEIN, and the newly installed members to help the government in boosting the growth of creative economy in Indonesia.
Anang Hermansyah, who is also the chairman of the National Mandate Party (PAN) faction in the DPR, expressed his confidence that the new institution would help develop creative economy in the country. Moreover, Ipang Wahid, who is a member of KEIN and a creative economy businessman, could serve as the prime motivator and trigger efforts to concretize the empowerment of human resources in the creative economic sector.
He said that a number of problems in the creative economy sector should be addressed and resolved soon through cooperation between the KEIN and the Creative Economy Agency (Bekraf).
"The recent problems such as the issue relating to creativity rights, as regulated in Law No. 28/2014 on Copy Rights, should be addressed seriously," he said.(*)
Indonesia to focus on downstream industry - ANTARA News
Kamis, 21 Januari 2016 08:57 WIB | 711 Views
Pewarta: Andi Abdussalam
Jakarta (ANTARA News) - Indonesia will focus on developing its downstream industry to process raw materials and export finished goods with added value in order to catch up with other Asian countries, such as Japan.
To achieve the goal, the government hopes that development of industry should be planned in short, medium and long term in such a way that it becomes a roadmap for the next 100 years.
For this purpose, the government of Joko Widodo (Jokowi) has established a National Industry and Economic Committee (KEIN), assigned to come up with recommendations and formulate a strategy that will be combined with other concepts for development.
"The combination will enable us to work out details on development planning in the short, middle and long-term. I have asked for a roadmap for the next 50 to 100 years so that we have guidelines that can help us reach our objectives," the president said at the State Palace on Wednesday.
Therefore, KEIN will focus on working out a concept regarding the development of downstream industry where raw materials should be processed in the first place than simply exporting these.
"We will direct our country towards the goal of becoming a progressive industrial country, like Japan, South Korea or Taiwan. We will move in that direction," newly installed KEIN Chairman Soetrisno Bachir said at the State Palace.
He expressed optimism that Indonesia will become an industrial country with high economic growth. "It is now time to boost economic growth. During the current governments tenure, the industry must grow at a higher level," the KEIN chairman said.
"We discussed today that the time is ripe for Indonesia to carry out its industrialization program," said Soetrisno Bachir.
He said that Indonesia must not remain merely a supplier of raw materials but should become an exporter of finished goods.
The falling oil prices, as per the KEIN, can add momentum to Indonesias move to carry out its industrialization program.
"The oil production cost will also decline. We do face a small constraint, namely the banking interest rate, which is still relatively high, regardless of inflation that has already come down," the KEIN chairman noted.
He said President Joko Widodo (Jokowi) would have preferred that the banks lending rate also goes down speedily this year so that Indonesian products would become more competitive, especially in the current ASEAN Economic Community (AEC) era.
"Since we have members who are professionals and entrepreneurs, we hope the inputs provided by the KEIN would turn out to be implementable recommendations and not merely remain on paper," Soetrisno said.
Therefore, President Jokowi hoped the KEIN would help present a more detailed picture of industrial development planning.
"Although we already have a roadmap of economic and industrial development, KEIN will provide further data and better ways of planning," President Jokowi said after receiving the organizing committee of the 2016 National Press Day Commemoration here on Wednesday.
He said the members of KEIN included economic players, academicians and business leaders. "The combination will enable us to work out details on development planning for short, middle and long-term developmental process. I have asked for plans that lay a roadmap for the next 50 to 100 years so that we have certain guidelines that help us direct our objectives," the president said.
He said that short-term plan must be put in place because the government was doing its best to create as many jobs as possible.
The president also explained the difference between KEIN and the National Economic Committee (KEN). The head of state explained KEINs prime focus was development of downstream industry and the industrialization program which would provide back-up for economic growth.
"Raw materials should contribute to the efforts to enhance value addition," he said.
In this case, the Indonesian presiden the KEIN to give concrete inputs and recommendations that can be implemented.
"(If you) wish to give recommendations, give us tangible ones that can be executed," presidential spokesman Johan Budi said meanwhile after the inauguration of the new board of KEIN at the Merdeka Palace on Wednesday.
Citing an example, President Joko Widodo referred to credit interest which is not yet down, despite the fact that inflation has already declined, he said.
"Inflation was recorded at 3.3 percent at the end of 2015, while in 2014 it was 8.0 percent. Inputs from KEIN are expected on this account," he said.
Johan said President Joko Widodo also underlined that it is also KEINs task to study the economy and industry.
"Based on the results of their study, they would give recommendations to the President. They must coordinate with the Coordinating Minister for Economic Affairs and other ministers concerned with economic and industrial affairs," he said.
In the meantime, legislator Anang Hermansyah of Commission X on creative economy affairs of the House of Representatives (DPR), said the newly KEIN had also to pay attention to the development of creative economy.
"I hope that the KEIN will also pay attention to the development of creative economy in Indonesia," he said.
He said it is expected of the establishment of the KEIN, and the newly installed members to help the government in boosting the growth of creative economy in Indonesia.
Anang Hermansyah, who is also the chairman of the National Mandate Party (PAN) faction in the DPR, expressed his confidence that the new institution would help develop creative economy in the country. Moreover, Ipang Wahid, who is a member of KEIN and a creative economy businessman, could serve as the prime motivator and trigger efforts to concretize the empowerment of human resources in the creative economic sector.
He said that a number of problems in the creative economy sector should be addressed and resolved soon through cooperation between the KEIN and the Creative Economy Agency (Bekraf).
"The recent problems such as the issue relating to creativity rights, as regulated in Law No. 28/2014 on Copy Rights, should be addressed seriously," he said.(*)
Indonesia to focus on downstream industry - ANTARA News
anas_nurhafidz
FULL MEMBER
- Joined
- Nov 30, 2014
- Messages
- 1,382
- Reaction score
- 0
- Country
- Location
orang biasa
FULL MEMBER
- Joined
- Oct 12, 2015
- Messages
- 144
- Reaction score
- 0
- Country
- Location
Indonesia wins three ASEANTA 2016 awards
Jumat, 22 Januari 2016 22:56 WIB | 906 Views
Jakarta (ANTARA News) - Indonesia has won awards in three out of the six categories of the ASEAN Tourism Awards (ASEANTA) 2016 at an event held in Manila, the Philippines, a minister said.
"Wonderful Indonesia" won awards in three of the six categories of the ASEAN Awards, Tourism Minister Arief Yahya said in a press statement on Friday.
"We have beaten some competing countries, including Malaysia," Arief Yahya said.
The three awards were in the categories of the Best ASEAN Tourism Photo, the Best ASEAN Cultural Preservation Effort, and the Best ASEAN Travel Article.
"Morning in Bromo" by Agung Parameswara grabbed the award in the Best ASEAN Tourism Photo category.
"Mang Udjo," the Angklung bamboo musical instrument center in Bandung, Indonesia, was the winner of the Best ASEAN Cultural Preservation Effort category.
And for the Best ASEAN Travel Article category, the winner was "The Perfect Wave," published in Garuda Indonesia Color Magazine.
"Meanwhile, Malaysia won two awards and Singapore only one award," the minister said.
Minister Arief Yahya was in Manila to attend the 35th ASEAN Tourism Forum (ATF), held from January 18 to 22, 2016.
The ASEAN Tourism Forum is very strategic to Indonesia because the ASEAN market is the largest contributor to tourist arrivals, he noted.
In the ATF held in Manila, tourism ministers from all ten member countries of ASEAN - Indonesia, Brunei Darussalam, Malaysia, Cambodia, Singapore, Thailand, the Philippines, Vietnam, Myanmar and Laos participated.
He believed that the ASEANTA Awards would help promote Indonesian tourist destinations internationally.
The three other ASEAN Award categories were the Best ASEAN Marketing and Promotion Campaign, the Best ASEAN New Tourism Attraction, and the Best ASEAN Airline Program.
Filipino President Benigno S. Aquino III spoke before the ASEAN tourism ministers on Wednesday.
He said that the number of tourist arrivals in ASEAN reached 105.1 million in 2014, a staggering 42.4 percent increase from 73.8 million tourist arrivals in 2010.
Of those 105.1 million visitors, he said, 49.22 million came from within the ASEAN itself.
"We belong to a region that holds vast potential in terms of tourism," President Benigno was quoted as saying by the Philippine Information Agency (PIA).(*)
Indonesia wins three ASEANTA 2016 awards - ANTARA News
Jumat, 22 Januari 2016 22:56 WIB | 906 Views
Jakarta (ANTARA News) - Indonesia has won awards in three out of the six categories of the ASEAN Tourism Awards (ASEANTA) 2016 at an event held in Manila, the Philippines, a minister said.
"Wonderful Indonesia" won awards in three of the six categories of the ASEAN Awards, Tourism Minister Arief Yahya said in a press statement on Friday.
"We have beaten some competing countries, including Malaysia," Arief Yahya said.
The three awards were in the categories of the Best ASEAN Tourism Photo, the Best ASEAN Cultural Preservation Effort, and the Best ASEAN Travel Article.
"Morning in Bromo" by Agung Parameswara grabbed the award in the Best ASEAN Tourism Photo category.
"Mang Udjo," the Angklung bamboo musical instrument center in Bandung, Indonesia, was the winner of the Best ASEAN Cultural Preservation Effort category.
And for the Best ASEAN Travel Article category, the winner was "The Perfect Wave," published in Garuda Indonesia Color Magazine.
"Meanwhile, Malaysia won two awards and Singapore only one award," the minister said.
Minister Arief Yahya was in Manila to attend the 35th ASEAN Tourism Forum (ATF), held from January 18 to 22, 2016.
The ASEAN Tourism Forum is very strategic to Indonesia because the ASEAN market is the largest contributor to tourist arrivals, he noted.
In the ATF held in Manila, tourism ministers from all ten member countries of ASEAN - Indonesia, Brunei Darussalam, Malaysia, Cambodia, Singapore, Thailand, the Philippines, Vietnam, Myanmar and Laos participated.
He believed that the ASEANTA Awards would help promote Indonesian tourist destinations internationally.
The three other ASEAN Award categories were the Best ASEAN Marketing and Promotion Campaign, the Best ASEAN New Tourism Attraction, and the Best ASEAN Airline Program.
Filipino President Benigno S. Aquino III spoke before the ASEAN tourism ministers on Wednesday.
He said that the number of tourist arrivals in ASEAN reached 105.1 million in 2014, a staggering 42.4 percent increase from 73.8 million tourist arrivals in 2010.
Of those 105.1 million visitors, he said, 49.22 million came from within the ASEAN itself.
"We belong to a region that holds vast potential in terms of tourism," President Benigno was quoted as saying by the Philippine Information Agency (PIA).(*)
Indonesia wins three ASEANTA 2016 awards - ANTARA News
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
President wants ri`s investment grade to be above 40
Sabtu, 23 Januari 2016 10:10 WIB | 496 Views
Wonogiri, C Java (ANTARA News) - President Joko Widodo (Jokowi) has expressed the hope that Indonesias global investment ranking will be either 40 or higher in 2017.
The president said his confidence comes from the fact that the country has revised many regulations that were found impeding investments.
"Our investment ranking currently stands at 109, compared to a low of 120 earlier. We hope that it will be either 40 or above next year," he said while inaugurating a labor-intensive investment program in Wonogiri, Central Java, on Friday.
The target of achieving investment grade of 40 or higher was set after considering several aspects and making many calculations, he said.
"In the past, our investment ranking had been fluctuating between 110 and 120. I want it to rise beyond 40," he said.
The president expressed the hope that the target could be achieved with some hard work.
One of the methods of increasing the investment grade is abolishing various regulations that pose difficulties to investors.
In addition, the government has also slashed the period for processing investment licensing permits to only three hours, which earlier used to take weeks, months or even half a year.
"We have too many regulations. According to the head of the BKPM (investment coordinating board), these may be numbering close to 42 thousand," he said.(*)
President wants ri`s investment grade to be above 40 - ANTARA News
Sabtu, 23 Januari 2016 10:10 WIB | 496 Views
Wonogiri, C Java (ANTARA News) - President Joko Widodo (Jokowi) has expressed the hope that Indonesias global investment ranking will be either 40 or higher in 2017.
The president said his confidence comes from the fact that the country has revised many regulations that were found impeding investments.
"Our investment ranking currently stands at 109, compared to a low of 120 earlier. We hope that it will be either 40 or above next year," he said while inaugurating a labor-intensive investment program in Wonogiri, Central Java, on Friday.
The target of achieving investment grade of 40 or higher was set after considering several aspects and making many calculations, he said.
"In the past, our investment ranking had been fluctuating between 110 and 120. I want it to rise beyond 40," he said.
The president expressed the hope that the target could be achieved with some hard work.
One of the methods of increasing the investment grade is abolishing various regulations that pose difficulties to investors.
In addition, the government has also slashed the period for processing investment licensing permits to only three hours, which earlier used to take weeks, months or even half a year.
"We have too many regulations. According to the head of the BKPM (investment coordinating board), these may be numbering close to 42 thousand," he said.(*)
President wants ri`s investment grade to be above 40 - ANTARA News
Indos
PDF THINK TANK: ANALYST
- Joined
- Jul 25, 2013
- Messages
- 23,466
- Reaction score
- 24
- Country
- Location
Garuda Indonesia unit operates new hangar for narrow body aircraft, eyes SE Asia market
By Insider AdminSep 28, 2015
JAKARTA (TheInsiderStories) – The country’s largest aircraft maintenance company GMF Aero Asia, a subsidiary of flag-carrier Garuda Indonesia, officially begins the operation of its fourth aircraft hangar (4th), which is dubbed as the largest hangar for narrow body aircraft in the world. The hangar has the capacity to accommodate 16 narrow body aircraft, such as Boeing 737, at one time.
The new hangar will certainly boost GMF Aero Asia’s Maintenance, Repair and Overhaul (MRO) business.
The hangar was officiated by State Enterprise Minister Rini Soemarno on Monday (Sept 28) and attended by President Director of Garuda Indoensia Arif Wibowo and Director General for Air Transportation Suprasetio.
The hangar’s construction began in 2013 by PT Wijaya Karya (Pesero) Tbk and financed by BNI.
Currently, GMF is the market leader in MRO business in the country by controlling 70 percent of MRO business. Of the MRO works, about 75 percent comes from Garuda Indonesia, the company’s parent firm and the remaining 25 percent comes from other airlines.
As the aviation industry grows fast partly driven by the increase of number of narrow body aircraft used by low-cost air carriers, the demand for MRO works also increase. The value of maintenance, repair and overhaul from aircrafts had also increased.
President Director of GMF Aero Asia Richard Budihadianto said earlier that the value of MRO business in Indonesia today is estimated to have reached US$ 1 billion per annum. About 70 percent of the MRO demand is served by overseas hangars, while domestic hangars only serve 30 percent of the domestic MRO needs.
The biggest challenge for MRO operators like GMF is the increase capacity and capability. Capacity means the amount of MRO works carried out, while the capability is the level of works provided.
The demand for MRO is expected to further increase with the implementation of the so-called Open Sky Policy. This means that more and more airlines from abroad will fly to various destinations in Indonesia. This would open up business opportunities for GMF Aero Asia as these aircraft would need maintenance, from overnight service, light maintenance, medium check to overhaul.
In 2013, GMF Aero Asia posted net profit of US$19 million, while sales reached US$230 million.
GMF AeroAsia has also secured international certificates of approval from Federal Aviation Authority (FAA) of US and EASA from Europe as well as approval from 20 countries including Australia and Singapore.
With the certificates of approval, GMF has full capabilities to serve B-737 series aircraft, however its capacity is limited. For new wide body aircraft B-777, GMF only has the capability to provide mid-range maintenance works, so it still needs to improve our capacity on that area.
Apart from Garuda Indonesia, Lion Air (PT Lion Mentari Airlines) also has its owned hangar. Lion Air officially opened its hangar, called Batam Aero Technic in January 2014. The Batam Aero Technic is the first of four hangar being built by Lion Air.
Batam Aero Technic has 100 engineers who have the capability and qualification for aircraft maintenance and repair services. The facility will enable Lion Air to maintain and repair its Boeing 737 and Airbus A320 aircraft at its own hangar. (*)
Garuda Indonesia unit operates new hangar for narrow body aircraft, eyes SE Asia market - The Insider Stories
By Insider AdminSep 28, 2015
JAKARTA (TheInsiderStories) – The country’s largest aircraft maintenance company GMF Aero Asia, a subsidiary of flag-carrier Garuda Indonesia, officially begins the operation of its fourth aircraft hangar (4th), which is dubbed as the largest hangar for narrow body aircraft in the world. The hangar has the capacity to accommodate 16 narrow body aircraft, such as Boeing 737, at one time.
The new hangar will certainly boost GMF Aero Asia’s Maintenance, Repair and Overhaul (MRO) business.
The hangar was officiated by State Enterprise Minister Rini Soemarno on Monday (Sept 28) and attended by President Director of Garuda Indoensia Arif Wibowo and Director General for Air Transportation Suprasetio.
The hangar’s construction began in 2013 by PT Wijaya Karya (Pesero) Tbk and financed by BNI.
Currently, GMF is the market leader in MRO business in the country by controlling 70 percent of MRO business. Of the MRO works, about 75 percent comes from Garuda Indonesia, the company’s parent firm and the remaining 25 percent comes from other airlines.
As the aviation industry grows fast partly driven by the increase of number of narrow body aircraft used by low-cost air carriers, the demand for MRO works also increase. The value of maintenance, repair and overhaul from aircrafts had also increased.
President Director of GMF Aero Asia Richard Budihadianto said earlier that the value of MRO business in Indonesia today is estimated to have reached US$ 1 billion per annum. About 70 percent of the MRO demand is served by overseas hangars, while domestic hangars only serve 30 percent of the domestic MRO needs.
The biggest challenge for MRO operators like GMF is the increase capacity and capability. Capacity means the amount of MRO works carried out, while the capability is the level of works provided.
The demand for MRO is expected to further increase with the implementation of the so-called Open Sky Policy. This means that more and more airlines from abroad will fly to various destinations in Indonesia. This would open up business opportunities for GMF Aero Asia as these aircraft would need maintenance, from overnight service, light maintenance, medium check to overhaul.
In 2013, GMF Aero Asia posted net profit of US$19 million, while sales reached US$230 million.
GMF AeroAsia has also secured international certificates of approval from Federal Aviation Authority (FAA) of US and EASA from Europe as well as approval from 20 countries including Australia and Singapore.
With the certificates of approval, GMF has full capabilities to serve B-737 series aircraft, however its capacity is limited. For new wide body aircraft B-777, GMF only has the capability to provide mid-range maintenance works, so it still needs to improve our capacity on that area.
Apart from Garuda Indonesia, Lion Air (PT Lion Mentari Airlines) also has its owned hangar. Lion Air officially opened its hangar, called Batam Aero Technic in January 2014. The Batam Aero Technic is the first of four hangar being built by Lion Air.
Batam Aero Technic has 100 engineers who have the capability and qualification for aircraft maintenance and repair services. The facility will enable Lion Air to maintain and repair its Boeing 737 and Airbus A320 aircraft at its own hangar. (*)
Garuda Indonesia unit operates new hangar for narrow body aircraft, eyes SE Asia market - The Insider Stories
pr1v4t33r
SENIOR MEMBER
- Joined
- Nov 20, 2014
- Messages
- 5,042
- Reaction score
- 5
- Country
- Location
Singapore-Based Courts Retail Opens Second Megastore in Indonesia
Courts Retail Indonesia, the local arm of Singapore-listed Courts Asia, opened the doors of its second big-box outlet, Courts Megastore, in Indonesia as part of a continued strategy to tap in to the country's expanding middle-class population.
The second Courts Megastore outlet is located within BSD City, a township operated by listed property developer Bumi Serpong Damai that lies some 42 kilometers west of Jakarta. Claimed to be the largest Courts Megastore outlet in Asia, the store sprawls across 22,694 square meters of land with an approximately 20,400-sqm shopping area. ~ Singapore-Based Courts Retail Opens Second Megastore in Indonesia | Jakarta Globe ~
Indonesia to Propose 4 Projects For AIIB Financing
The government has listed four infrastructure projects to submit this year for a $1 billion loan from the Asia Infrastructure Investment Bank, a senior official announced on Friday.
The government will request AIIB loans for highway construction in East and North Kalimantan, budgeted at a total of $250 million, along with another $292 million for expansion of the country's railway networks. Other projects include a potable water project estimated at $50 million, and a television station transmission upgrading project costing $411 million, Wismana added. ~ Indonesia to Propose 4 Projects For AIIB Financing | Jakarta Globe ~
Courts Retail Indonesia, the local arm of Singapore-listed Courts Asia, opened the doors of its second big-box outlet, Courts Megastore, in Indonesia as part of a continued strategy to tap in to the country's expanding middle-class population.
The second Courts Megastore outlet is located within BSD City, a township operated by listed property developer Bumi Serpong Damai that lies some 42 kilometers west of Jakarta. Claimed to be the largest Courts Megastore outlet in Asia, the store sprawls across 22,694 square meters of land with an approximately 20,400-sqm shopping area. ~ Singapore-Based Courts Retail Opens Second Megastore in Indonesia | Jakarta Globe ~
Indonesia to Propose 4 Projects For AIIB Financing
The government has listed four infrastructure projects to submit this year for a $1 billion loan from the Asia Infrastructure Investment Bank, a senior official announced on Friday.
The government will request AIIB loans for highway construction in East and North Kalimantan, budgeted at a total of $250 million, along with another $292 million for expansion of the country's railway networks. Other projects include a potable water project estimated at $50 million, and a television station transmission upgrading project costing $411 million, Wismana added. ~ Indonesia to Propose 4 Projects For AIIB Financing | Jakarta Globe ~
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
The Development of Semen Kupang III, . Kementerian Badan Usaha Milik Negara (BUMN) telah menyetujui rencana dari PT. Semen Indonesia dan PT. Semen Kupang untuk membangun Semen Kupang III di Kupang yang dananya mencapai Rp3,52 triliun. ANTARA FOTO/Kornelis Kaha/pd/16.
Presiden Resmikan Pabrik TekstilPresiden Joko Widodo (tengah) didampingi Kepala Badan Koordinasi Penanaman Modal (BKPM), Frangky Sibarani (kiri) meninjau ruang produksi saat acara peresmian pabrik tekstil PT Nesia Pan Pacific Clothing, di Desa Kerjo Lor, Kecamatan Ngadirojo, Kabupaten Wonogiri, Jawa Tengah, Jumat (22/1). Peresmian pabrik tersebut bersamaan dengan diluncurkannya program investasi menciptakan lapangan kerja tahap III. ANTARA FOTO/Maulana Surya/pd/16.
Similar threads
