Indonesia Economy Forum

[Nike]

Indonesia the most favorite destination for Australian tourists
Minggu, 24 Juli 2016 06:39 WIB | 845 Views

Ambassador Nadjib Riphat Kesoema. (ANTARA/Lucky R.)

Jakarta (ANTARA News) - Indonesia has so far proven to be the most favorite destination for Australian tourists, overtaking New Zealand, Indonesian Ambassador to Australia Nadjib Riphat Kesoema said.

"The variety of natural wealth and beauty, culture and world-class tourist facilities that the Indonesian government offers to tourists have become special attractions for Australian tourists," he stated in a press statement released on Saturday.

His remarks came when the Indonesian Tourism Ministry and the Indonesian Embassy in Australia were conducting a promotional activity at Hotel Hyatt in Canberra recently.

Besides helping promote mutual understanding between the peoples of the two countries, the tourism sector can also create jobs in Indonesia, he added.

He underlined that he supported the program to conduct tourism promotion in several Australian cities such as Canberra, Sydney, Melbourne and Brisbane.

The program will serve as a venue for a meeting between Australian travel agents and their Indonesian counterparts directly, he said.

The ambassador has called on Australian tourism companies to encourage Australian citizens to visit other Indonesian tourist destinations than Bali.

Data from the Indonesian Embassy in Canberra showed that almost 85 percent of 1.2 million Australian tourists visited Bali in 2015.

Nadjib offered potential visitors from Australia other tourist destinations such Toraja, Lake Toba, Raja Ampat, Labuhan Bajo, Tanjung Kalayang, Seribu Islands, Borobudur Temple, Mount Bromo, Wakatobi and Morotai Island.
(Tz.B019/S012/INE/KR-BSR/B003)

http://www.antaranews.com/en/news/1...-favorite-destination-for-australian-tourists

Increase predicted in Bali`s exports of non-oil/gas commodities
Minggu, 24 Juli 2016 03:59 WIB | 691 Views

Craftswoman carving in Bali made the gift to be exported to various countries. (ANTARA)

Denpasar (ANTARA News) - Business leaders predicted that Balis exports of commodities other than oil and gas would increase in the rest of the year on expected improvement of economic condition in destination countries.

In addition, exporters are more aggressive in diversifying export markets and there are efforts to strengthen competitive edge by improving the quality of export commodities, a business leader Made Jiwa said here on Saturday.

Made said the largest export market for Balis commodities is the United States, followed by Japan, Australia, Singapore, and China respectively accounting for 25.02 percent, 8.23 percent, 7.22 percent, 6.71 percent and 5.10 percent of Balis exports in value.

In the first five months of this year, Bali exported US$208.2 million worth of goods, down 3.01 percent from US$214.7 million the same period last year.

Under the present condition, Balis exports are relatively stable, despite the unfavorable condition of the global market, Made said.

Balis exports to the United States are dominated by fish, and shrimps, non knitted ready made wear, timber, and timber products and plaited goods.

Bali reported a surplus of US$141.9 million in the first five months of the year with exports valued at US$208.2 million and imports at US$66.3 million.

The surplus fell slightly from US$157.4 million in the same period last year with exports valued at US$214.7 million and imports at US$57.8 million.
(Uu.H-ASG/B003)

http://www.antaranews.com/en/news/1...ed-in-balis-exports-of-non-oilgas-commodities

 

[Nike]

Indonesia Plans to Start Building Strategic Oil Reserves This Year

Jakarta. Indonesia plans to start installing tanks for its strategic petroleum reserves (SPR) and filling them this year with the goal of covering 30 days worth of emergency stocks eventually, the energy minister said on Thursday.

“This year we already got an allocation of 800 billion rupiah ($61.07 million) from the state budget for the SPR, so we can start to have it this year,” Energy Minister Sudirman Said told reporters.

He said the ministry has the necessary funding to purchase and store around 1.6 million barrels of crude at current prices. That represents 1-1.5 days worth of emergency reserves, according to the ministry.

The government is working on identifying the location for the storage, and whether state-owned Pertamina or another company will operate it.

Over the next five years, Indonesia wants to build up its SPR to cover 30 days worth of crude, estimated at around 45 million barrels.

“The SPR is in case of an energy crisis and emergency situations, such as when crude prices increase significantly, a tsunami, or refinery troubles,” said Wirtmaja Puja, director general of oil and gas.

Reuters
http://jakartaglobe.beritasatu.com/...s-start-building-strategic-oil-reserves-year/

 

[CountStrike]

 

[Nike]

State enterprises entering golden era
Rabu, 27 Juli 2016 15:42 WIB | 386 Views
Pewarta: Aat Surya Safaat

Jakarta (ANTARA News) - Rini Mariani Soemarno, a professional woman figure in President Joko Wdodo's cabinet, has heavy tasks as she manages 119 state-owned enterprises with assets valued at more than Rp4.500 trillion.

It is not easy to manage that many state-owned enterprises with asset value estimated to be greater than the holding company of Temasek in Singapore and Khazanah Nasional Berhad in Malaysia.

Thus, the challenge that Rini has to manage the Indonesian state enterprises is very tough. Encountering "attacks" from some political parties has been usual to her. They even urged President Joko Widodo to replace Rini as the Minister of State-owned Enterprises.

Nevertheless, the minister remains strong and has repeatedly asserted that she has never changed in terms of working professionally, dedicates to the country, and always prioritizes the national interest.

The minister is a professional who knows not only business, but also understands the governmental bureaucracy. Likewise, she is very close to people, especially with farmers.

She has previously been a leader in several big companies. Rini who once served as the Executive Director of PT Astra International in 1998-2000 assumed a position as the Minister of Industry and Trade on the Cabinet of Gotong Royong in 2001-2004.

When she served as the Minister of Industry and Trade in the era of President Megawati Soekarnoputri, Rini was considered meritorious for stopping sugar import which was massively occurred. Stopping the import of sugar made Rini gain appreciations from the sugarcane farmers across the nation.

Seeing Rini's steadfastness and professionalism, economic analyst Dr.Jos Luhukay is optimistic that Rini Soemarno is able to advance the state-owned enterprises and even bring the state-owned enterprises to the golden age.

Jos in a conversation with reporters not long ago pointed out that Rini as the Minister of State-owned Enterprises continues to improve every single sector like she had done when she was the CEO of a gigantic business group.

According to economist, who is also an expert in information technology, currently in Indonesia there are 119 state-owned enterprises engaged in various business sectors from small to large scales.

He considered Rini today provides a strong foundation for the advancement of state enterprises, including by placing people who are professionals in their respective fields and to select appropriate deputies in the ministry.

The former Executive Director of PT Bank Lippo Tbk, also considered, as a professional Rini dares to take controversial decisions for some people, such as continuing the Jakarta-Bandung fast train project without depending on state budgets.

To optimize the role of state-owned companies in the national economy, Jos suggested that they be managed in the holding company scheme like Temasek in Singapore and Khazanah Nasional Berhard in Malaysia.

Temasek and Khazanah in recent years have even been able to buy and acquire several large companies in several Asian countries, including Indonesia.

State-owned Super holding

The State-owned Enterprise Minister, Rini Soemarno, recently put forward a bold proposal to establish a state-owned superholding and negate the Ministry of State-owned Enterprises

According to Rini, the State-owned Enterprises super holding formation is needed to let the state-owned enterprises move freely and more agile in developing their businesses in accordance with corporate systems.

The super holding will make the state-owned enterprises be able to become more professional, flexible, and able to improve global competitiveness and no longer burden the state budget.

The establishment of the State-owned Enterprise super holding idea was delivered by Rini at a discussion on public policy and business development network in Jakarta on July 25, 2016.

She stated the proposal could also be on the agenda in the discussion of the revision of Law No. 19 of 2003 on state-owned enterprises.

Provisions need to be set in the revision of the regulation is to create good governance in the state-owned enterprises which are professional, flexible, and free from other sides' interventions.

According to Rini, in Singapore there is a super holding company named Temasek which oversees a number of business sectors, such as telecommunications and technology, financial services, transportation, industry real estate, agriculture, energy and finances.

In Malaysia the giant holding company of Khazanah Nasional Berhad does not merely seek for financial gain, but also provides great social benefits.

Meanwhile, the Vice Chairman of Commission VI of the Indonesian House of Representatives, Dodi Reza Alex Noerdin, was surprised with the discourse delivered by the Minister of State-owned Enterprises.

The Commission VI, according to him, will soon discuss the idea intensively.

Meanwhile, journalists support Rini's progressive idea to establish the state-owned enterprises Super holding so it can contribute more to the national economy.

The support was raised in a meeting between the Minister of State-owned Enterprises and editors of national media in the month of Ramadhan.

On that occasion the minister recognized the importance of mass media in publicizing the progress of state-owned companies which, according to Jos Luhukay, are heading to the golden age under the leadership of Rini.(*)

http://www.antaranews.com/en/news/105911/state-enterprises-entering-golden-era

Rini with Sri, both of them is hard headed with iron fist

 

[UMNOPutra]

Many these magic words such as WILL.. .HOPE .. PLAN etc etc found in your threads .... It shows to us that you are Dreamer .. Big or Wet Dreamer ...

I can not understand ...why you are still living with your "Fantacy" ..to be a wealth, strong and advanced countries ..but, in reality ... you are still being categorized as one of the "poorest countries" in the region ..

My suggestion ..change the name of your country to "ANGANESIA" ... and then you can live "happily" for forever .. even if you still have nothing ...

 

[Nike]

Many these magic words such as WILL.. .HOPE .. PLAN etc etc found in your threads .... It shows to us that you are Dreamer .. Big or Wet Dreamer ...

I can not understand ...why you are still living with your "Fantacy" ..to be a wealth, strong and advanced countries ..but, in reality ... you are still being categorized as one of the "poorest countries" in the region ..

My suggestion ..change the name of your country to "ANGANESIA" ... and then you can live "happily" for forever .. even if you still have nothing ...

my suggestion is create your own Malaysia thread, and then i will voluntarily to attend the party you host

 

[pr1v4t33r]

 

[kaka404]

Many these magic words such as WILL.. .HOPE .. PLAN etc etc found in your threads .... It shows to us that you are Dreamer .. Big or Wet Dreamer ...

I can not understand ...why you are still living with your "Fantacy" ..to be a wealth, strong and advanced countries ..but, in reality ... you are still being categorized as one of the "poorest countries" in the region ..

My suggestion ..change the name of your country to "ANGANESIA" ... and then you can live "happily" for forever .. even if you still have nothing ...

imho this means that the indonesian gov and other involving parties planned on what they do before the do it. and they share their vision and their plan with the mass via mass media. that way the people can argue if needed, monitor their progress, and hold them to account of their action. it gives me comfort that the gov and involving parties do this. it basically means that they care about indonesia's future in whole.
an example for this is in page 83 of this thread there is and infographic concerning the progress of 350 thousands MW program.. if you search all the way back to an earlier pages you might find an article about the gov planning this program.

 

[Nike]

Economic team now strong: Coordinating minister
Kamis, 28 Juli 2016 17:52 WIB | 274 Views

Jakarta (ANTARA News) - Indonesias coordinating minister for economic affairs Darmin Nasution said the countrys economic team was better and strong following a cabinet reshuffle on Wednesday.

"The visions of team members now do not differ much," he said when met to comment on the present economic team at the Indonesia Stock Exchange here on Thursday.

Darmin said he could not as yet reveal priority programs of the team yet as some of them had just assumed their posts.

"Let us sit together first. What is clear is we are focusing on the 2016 and 2017 budgets," he said.

President Joko Widodo has replaced a number of ministers concerned with the economy in a cabinet reshuffle announced on Wednesday.

He has named former economic minister and also World Bank director Sri Mulyani Indrawati to replace Bambang Brodjonegoro who was moved to take over the post of minister of national development planning from Sofyan Djalil.

Darmin said the economic team must not only put attention to financial sector and economic development but also on other coherent sectors.

"The economic team must not only see finance and Bappenas (national development planning) but also trade, industry, agriculture, infrastructure and others," he said.(*)
Latest News

• Economic team now strong: Coordinating minister 1 hour ago
• Sri Mulyani to help bring tax amnesty policy to success: PDIP 22 hours ago
• Food diversification should be national policy: Official 22 hours ago
• New Finance Minister Sri Mulyani expected to shore up market confidence 22 hours ago
• Market players respond positively to cabinet reshuffle 22 hours ago
• West Papua begins to grow coffee 27th July 2016
• Sri Mulyani`s appointment to boost positive sentiment in market 27th July 2016
• Singapore keen to invest in Tanjung Api-Api in South Sumatra 27th July 2016

\

West Papua begins to grow coffee
Rabu, 27 Juli 2016 18:41 WIB | 553 Views

Manokwari, Papua (ANTARA News) - The provincial administration of West Papua is opening 20 hectares of lands for coffee plantation in the regency of Pegunungan Arfak this year.

"We are preparing 35,000 arabica coffee seedlings to be grown in farmers lands in the district of Testega," head of the regional plantation service Agus Wali said here on Wednesday.

He said in the beginning the seedlings were to be brought in from the Jember Plantation Research Center in East Java, but it is feared that seedlings from Jember would not grow well in the mountainous area of Pegunungan Arfak.

Pegunungan Arfak is 2000 meters above the sea level, therefore, seedlings from Jember would need time for adjustment to the cold climate of that area unlike seedlings from Wamena which has almost the same climate with Pegunungan Arfak, he said.

"Therefore, the plantation service is seeking to procure the seedlings from Wamena, where seedlings are being grown," he said.(*)

 

[ShioTikus]

Many these magic words such as WILL.. .HOPE .. PLAN etc etc found in your threads .... It shows to us that you are Dreamer .. Big or Wet Dreamer ...

I can not understand ...why you are still living with your "Fantacy" ..to be a wealth, strong and advanced countries ..but, in reality ... you are still being categorized as one of the "poorest countries" in the region ..

My suggestion ..change the name of your country to "ANGANESIA" ... and then you can live "happily" for forever .. even if you still have nothing ...

OK, I'll use a magic word, I HOPE rosmah will songlap your money.

 

[Nike]

OK, I'll use a magic word, I HOPE rosmah will songlap your money.

SONGLAP itself is the magic word

 

[Yogatama]

Many these magic words such as WILL.. .HOPE .. PLAN etc etc found in your threads .... It shows to us that you are Dreamer .. Big or Wet Dreamer ...

I can not understand ...why you are still living with your "Fantacy" ..to be a wealth, strong and advanced countries ..but, in reality ... you are still being categorized as one of the "poorest countries" in the region ..

My suggestion ..change the name of your country to "ANGANESIA" ... and then you can live "happily" for forever .. even if you still have nothing ...

Name me your purest achievement done by your own resources. I will gladly show you ours. Haters don't belong here, pal.

 

[Nike]

Indonesia intensifies awareness campaign on tax amnesty program
Sabtu, 30 Juli 2016 16:20 WIB | 275 Views
Pewarta: Fardah

President Joko Widodo (Jokowi) in explaining the policy of tax amnesty into Indonesia business circle. (ANTARA/Irsan Mulyadi)
Jakarta (ANTARA News) - The Administration of President Joko Widodo (Jokowi) is racing against time to make its tax amnesty program a success, in order to increase the much needed state revenues.

Officially launched on July 1, the tax amnesty program is effective from July 18, 2016 until March 31, 2017.

The first period of its implementation is from July 18 until September 30, 2016; the second is from October 1 until December 31, 2016; and the third period is from January 1 until March 31, 2017.

The tax amnesty program has a specific period, therefore there should be no delay in its implementation, President Jokowi was quoted as saying by new Finance Minister Sri Mulyani Indrawati recently.

He particularly asked Finance Minister Sri Mulyani to complete all regulations on implementation of the tax amnesty.

Regulations on the tax amnesty must be completed soon, so the program could be carried out successfully, Minister Mulyani said at the presidential palace, here on July 28, after receiving a directive by the President on the tax amnesty for officials of the tax directorate general of the finance ministry.

The tax amnesty program is designed to be a significant incentive for taxpayers, since the compensation interest to be charged is only two percent, according to the minster.

"We are trying, during the period from now until September, to create trust building, convenience and, finally, success in developing a tax system," she said.

The president asked every tax officer to not only be ready and proactive in the implementation of the tax amnesty program, but also to secure the state revenue, in general.

For that purpose, tax officers should be honest, professional and have no conflicts of interest.

In his directives, President Jokowi said he believed that the momentum to carry out the tax amnesty is right at present, as the public has been enthusiastic in attending the tax amnesty education sessions that have been held.

The tax amnesty socialization activities have been well received, as the number of people attending the events were larger than those invited for the events, he explained.

"From three socialization activities that we have carried out, I have seen huge enthusiasm from the public and businessmen. In Surabaya, 2,000 people were invited, and 2,700 people came. In Medan, it was even more. 3,000 people were invited, and 3,500 people came to the event," the President said.

Jokowi is scheduled to carry out the tax amnesty sessions in Makassar, Jakarta, and even Singapore in the near future.

The Indonesian government has implemented a new tax amnesty program to boost tax revenues by encouraging the repatriation of funds stashed abroad.

The government will impose a two to five percent tax on assets repatriated to the country by March 2017.

These assets must be invested in Indonesia for a period of three years in funds managed by appointed banks and can be invested in several ways, including government bonds.

The government said many rich Indonesians have parked thousands of trillions rupiah abroad to evade tax.

At least Rp4,000 trillion of the fund are expected to be declared and Rp1,000 trillion of which would be repatriated and invested in the country.

When launching the tax amnesty program on July 1, Jokowi urged the countrys business community, whose members had so far been stashing assets overseas, to avail the governments program.

"This is an opportunity that will not come again. Anyone who wishes to make use of it can go ahead and the rest should be prepared for the consequences," the President stated.

"So, we hope these funds are repatriated immediately. We will need Rp4,900 trillion in the next five years to develop infrastructure. The national budget can only provide Rp1,500 trillion and the rest must come from investment and businesses. There is no other alternative," he explained.

In the meantime, the Indonesian Police (Polri) will guarantee legal certainty and safety of tax amnesty applicants.

Polri is supporting the governments tax amnesty program and has helped maintain the investment climate by not disturbing activities of investors already in Indonesia, the Head of Polris Crime Investigation Department (Bareskrim), Commissioner General Ari Dono Sukmanto said on July 28.

The National Police is implementing the instructions of the President Joko Widodo and Law No. 11 Year 2016 on Tax Amnesty, to guarantee safety and legal certainty of the applicants, he added.

Detectives should focus not only on merely finding wrongdoings of tax payers, particularly tax amnesty applicants, he remarked.

Polri, in cooperation with several financial institutions, such as Indonesias Financial Services Authority (OJK), Bank Indonesias regional offices, and the Tax Directorate General, will issue appeals to businessmen and individuals, who have stashed their money overseas, to return their money to Indonesia and keep them in domestic banks.

"Polri will also guarantee the secrecy of data of tax payers applying for amnesty. Those who leak the data will be punished," he said.

Furthermore, State-owned bank PT Bank Rakyat Indonesia (BRI) has set a target to collect funds at least worth Rp60 trillion from the tax amnesty program, through both bank and non-bank products.

"The target would not be achieved without the dissemination of information that the BRI is ready to offer tax amnesty services to the clients and public, both in the country and overseas," PT BRI Director Sis Apik Wijayanto noted at an event to raise awareness on the tax amnesty program in Lampung, on July 28.

The BRI has disseminated information on its tax amnesty-related products and services across all its branches in the country.

In Lampung Province alone, 14 branches and 97 units of BRI are ready to offer tax amnesty services, he remarked.

The event was attended by 100 people, mostly businessmen from Lampung.
(T.F001/INE/KR-BSR)

http://www.antaranews.com/en/news/1...ies-awareness-campaign-on-tax-amnesty-program

Inflation on downtrend in July: BI
Jumat, 29 Juli 2016 21:43 WIB | 649 Views

Jakarta (ANTARA News) - Bank Indonesia said the countrys inflation on monthly basis was 0.74 percent in July , 2016 bringing the total inflation to 1.8 percent in the first seven months of the year.

The monthly inflation rose from 0.66 percent in June but the trend was declining during the month of July, Bank Indonesia Governor Agus Martowardojo.

Agus said the inflationary pressure declined sharply in the last two weeks of July from 1 percent in the third week to 0.74 percent in fourth week.

In the first week the inflation was 1.2 percent down to 1.18 percent in the second week of the month, he said here on Friday.

"The consumer goods prices fell resulting in a decline in inflation from 1 percent in third week to 0.74 percent at present," Agus said .

However, inflationary pressure is still feared in the remaining days of July with the surge in the prices of food commodities like red onion and chili, he said.

Therefore, he called on the government and the Regional Inflation Controlling Team to remain watchful.

He predicted the countrys inflation this year would be around 3.6 percent or still inside the central banks target range of 3-5 percent or below the governments target of 4 percent this year.

The central bank predicted the inflationary pressure would come again when the wet dry season or La Nina that could cause trouble in distribution of goods .

In addition, normally the price trend would rise toward the end of the year and Christmas, he said.

Inflation is an macro economic indicators which the central bank is more concern with to maintain economic stability. Other indicators are current account deficit which is expected to relax to 2.2 percent of the Gross Domestic Product or around US$20 billion.

The central bank still maintain its moderate target of 5-5.4 percent for the countrys economic growth this year.(*)

http://www.antaranews.com/en/news/105990/inflation-on-downtrend-in-july-bi

 

[Nike]

Sri Mulyani shows promise with her sunset policy record: Economists

akarta | Wed, July 27 2016 | 07:37 pm

Sri Mulyani Indrawati (center) talks to Brunei Finance Minister Pehin Dato Abd Rahman Ibrahim (left) and Malaysian Finance Minister Ahmad Husni Mohamad Hanadzla during the APEC Finance Ministers Meeting in Nusa Dua, Bali, on Sept. 20, 2013.(Associated Press/Firdia Lisnawati)



Economists are optimistic that newly inaugurated Finance Minister Sri Mulyani Indrawati will be able to run the tax amnesty program optimally, as it takes a strong and transparent “manager” to make it successful.

Yose Rizal Damuri, an economist with the Centre for Strategic and International Studies (CSIS) said Sri Mulyani was experienced in dealing with tax amnesty, as she ran a sunset policy from January 2008 to February 2009 when she led the Finance Ministry.

The sunset policy erased the late tax payment administrative penalty for those that had registered for tax identification numbers (NPWP). With the policy, the government pocketed Rp 7.5 trillion (US $571.65 million) in tax revenue and recorded 1.8 million new taxpayers.

"After she left, the same program launched in 2015 was not as successful. The tax amnesty will be a bigger project for her. Aside from that, she has proven her ability to form a good fiscal strategy for Indonesia," Yose told thejakartapost.com on Wednesday in Jakarta.

The main concern for her, he continued, would be political pressure, such as the confrontation with several Golkar Party elites from 2009 until her resignation in May 2010. He expected Golkar, which has joined the Cabinet, to support the tax amnesty program.

Senior economist Christianto Wibisono also supported Sri Mulyani's appointment, as the tax amnesty program is in line with her vision delivered in a speech in Singapore in 2013 about Indonesian assets parked offshore.

"I met her on July 6 during an open house in Tilden, California and I told her about that. You should help our President to make your speech come true. Now it is the time for her to show her brainpower," Christianto said. (ags)

http://www.thejakartapost.com/news/...with-her-sunset-policy-record-economists.html

 

[patu]

Name me your purest achievement done by your own resources. I will gladly show you ours. Haters don't belong here, pal.

Cool down man. He/she may be our coward fellow, who is wortless to....