Indonesia Economy Forum

[ahojunk]

Indonesia to host first Indian Ocean Rim Association summit
Marguerite Afra Sapiie
The Jakarta Post
Jakarta | Sun, September 18 2016 | 05:36 pm

Center for Strategic and International Studies (CSIS) cofounder Jusuf Wanandi (right) and the deputy chief of mission of Chinese Embassy, Sun Weide (left), speak at a Conference on Indonesian Foreign Policy at Kasablanka Hall, South Jakarta, Saturday.(JP/Donny Fernando)


Indonesia will host the first Indian Ocean Rim Association (IORA) summit in Jakarta on March 7, 2017, the Foreign Ministry's Director General for Asia-Pacific and African affairs, Desra Percaya has confirmed.

During the first summit, IORA member states will sign the final IORA Concord, which aims to strengthen economic and strategic cooperation among the 21 countries bordering the Indian Ocean, Desra said on the sidelines of the 2016 Conference on Indonesian Foreign Policy.

"The process of drafting the concord is continuing and will be followed up by an IORA ministerial meeting in October in Nusa Dua, Bali," Desra told journalists.

The decision to hold the first IORA Summit in Jakarta was made at the September 2015 IORA senior officials meeting in Padang, West Sumatra, where the countries agreed to convene at least four times to discuss the drafting of the concord before the summit in March.

Besides maximizing the potential of trade, investment and economic cooperation in the region, the IORA Concord also aims to address non-traditional issues, such as illegal, unreported and unregulated fishing, human trafficking, drug trafficking, illegal migration and piracy.

The IORA initiating states are countries bordering the Indian Ocean, namely Australia, Bangladesh, Comoros, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Seychelles, South Africa, Singapore, Somalia, Sri Lanka, Tanzania, Thailand, the United Arab Emirates and Yemen. Indonesia is the chair of IORA in the period 2015-2017.

 

[pr1v4t33r]

Hari ini Murdaya Poo ikut tax amnesty.. njir, langsung loncat...

 

[MarveL]

Indonesia to Break World`s Top 7 Economies by 2030

TEMPO.CO, Jakarta - Former Indonesian vice president Boediono said that Indonesia's economy could break into world’s 7 largest economies by 2030, citing a minimum of 7 percent annual economic growth.

“We can achieve a 7 percent annual economic growth provided that considerable productivity [can also be achieved],” he said during his opening speech in the celebration of 55 years of PT Pembangunan Jaya on Monday, September 19, 2016.

According to Boediono, the government must maintain productivity as it could have an impact on economic, social and political realms. He named three main factors affecting productivity, namely business environment, demography, and technology.

Business environment encompasses the broadest scope, in which political and macroeconomic stability are crucial, he said. “The role of authorities and the government is to maintain macroeconomic [stability] which must be supported by political stability.”

Demographic growth also plays a crucial role in improving productivity. According to him, urbanization is a double-edged sword. It is a source of improved productivity, indicating high economic activity in a region.

“But, if population growth is not supported by employment opportunities, good infrastructure, it could be a catastrophe, unemployment rate [could] rise,” said Boediono.

http://en.tempo.co/read/news/2016/0...Break-Worlds-Top-7-Economies-by-2030-Boediono

 

[Kalazan]

Good news for West sumatera province...

Saudi & Qatar Berminat Garap Wisata Terpadu Sumbar Lebih Rp1 Triliun

Pantai Kota Padang
Reuters/Darren Whiteside
Bisnis.com, PADANG - Investor asal Timur Tengah, tepatnya dari Arab Saudi dan Qatar menyatakan minat untuk menggarap potensi Kawasan Wisata Terpadu (KWT) Sumatra Barat dengan potensi investasi di atas Rp1 triliun.

Kepala Dinas Kebudayaan dan Pariwisata Kota Padang Medi Iswandi menyebutkan sudah ada ketertarikan dari investor asal Timur Tengah untuk menggarap kawasan wisata kota Padang hingga kawasan Mandeh di Kabupaten Pesisir Selatan.

“Awalnya KWT Gunung Padang seluas 400 hektare (Ha), tetapi investor minta lebih luas lagi. Maka dipadukan dengan Kawasan Mandeh, jadi 10.000 Ha lebih,” katanya kepada Bisnis.com, Senin (19/9/2016).

Menurutnya, karena terbatasnya areal KWT Gunung Padang, maka Pemprov Sumbar menggabungkan pengembangannya bersama kawasan Mandeh di Pesisir Selatan. Apalagi jarak Padang – Mandeh hanya 1 jam perjalanan darat.

Adapun, KWT Gunung Padang meliputi Pantai Muaro Lasak, Danau Cimpago, Muaro Padang, Batang Arau, Pantai Air Manis, Taman Siti Nurbaya Gunung Padang, hingga Kota Tua Padang dengan area sekitar 400 hektare.

Kawasan itu dipadukan dengan Kawasan Mandeh yang meliputi wisata bahari terpadu, wisata pulau, terumbu karang, menyelam, hutan mangrove, dan objek-objek wisata lainnya, dengan nama KWT Sumbar.

Medi mengungkapkan, sebelumnya investor asal Qatar sudah menyatakan kesediaan menggarap kawasan Gunung Padang. Namun, belum ditentukan berapa nilai investasi yang ditanamkan untuk kawasan itu.

Menurutnya, potensi investasi yang bisa dikembangkan antara lain pembangunan hotel dan resort, pengembangan wahana permainan, infrastruktur kawasan wisata, jasa, serta pembangkit energi.

“Kami belum merinci, tetapi perkiraan awal termasuk dengan kawasan Mandeh, total potensi investasi di atas Rp1 triliun,” ujarnya.

Wakil Gubernur Sumbar Nasrul Abit mengatakan pemda setempat membuka diri terhadap investasi pengembangan pariwisata di sejumlah daerah. Apalagi, seluruh kabupaten/kota di Sumbar memiliki potensi wisata unggulan.

“Investasi terutama untuk penunjang kegiatan pariwisata, seperti perhotelan. Di Sumbar masih timpang. Hotel masih didominasi di Padang dan Bukittinggi,” katanya.

Dia mengatakan, pemda setempat mendorong pemerataan pembangunan hotel di daerah itu, dengan memprioritaskan investasi di kawasan wisata yang tengah berkembang dan minim infrastruktur penunjang.

Daerah potensial itu, seperti Mandeh di Pesisir Selatan, Solok Selatan, Tanah Datar, Agam, Limapuluh Kota, Sijunjung, dan Dharmasraya. Nasrul mengungkapkan pariwisata adalah kunci pengembangan ekonomi Sumbar pada masa depan, mengingat minimnya potensi sumber daya alam daerah itu.

Makanya, investasi sektor pariwisata menjadi prioritas, selain infrastruktur, industri pengolahan, dan panas bumi dan energi terbarukan.

Bisnis.com

 

[ahojunk]

Indonesia to Break World`s Top 7 Economies by 2030

TEMPO.CO, Jakarta - Former Indonesian vice president Boediono said that Indonesia's economy could break into world’s 7 largest economies by 2030, citing a minimum of 7 percent annual economic growth.

“We can achieve a 7 percent annual economic growth provided that considerable productivity [can also be achieved],” he said during his opening speech in the celebration of 55 years of PT Pembangunan Jaya on Monday, September 19, 2016.

According to Boediono, the government must maintain productivity as it could have an impact on economic, social and political realms. He named three main factors affecting productivity, namely business environment, demography, and technology.

Business environment encompasses the broadest scope, in which political and macroeconomic stability are crucial, he said. “The role of authorities and the government is to maintain macroeconomic [stability] which must be supported by political stability.”

Demographic growth also plays a crucial role in improving productivity. According to him, urbanization is a double-edged sword. It is a source of improved productivity, indicating high economic activity in a region.

“But, if population growth is not supported by employment opportunities, good infrastructure, it could be a catastrophe, unemployment rate [could] rise,” said Boediono.

http://en.tempo.co/read/news/2016/0...Break-Worlds-Top-7-Economies-by-2030-Boediono

.
This is very good news for Indonesia.

As an outsider, I think Widodo is doing well as President. He deserves the credit.

 

[skyhigh88]

THE WALL STREET JOURNAL
TECH
Indonesia Plans to Bill Google for Back Taxes and Fines
Tax agency says Alphabet Inc. unit owes up to $380 million and Indonesia will pursue taxes from as far back as 2011

A sticker reading 'Review us on Google' is pictured at a smartphone shop in Ambassador Mall in Jakarta, Indonesia. The nation’s tax authority said they plan to bill Google up to $380 million in back taxes and fines. PHOTO: BEAWIHARTA/REUTERS

By RESTY WORO YUNIAR
Sept. 19, 2016 10:59 a.m. ET

JAKARTA, Indonesia—Indonesia’s tax agency plans to bill Alphabet Inc.’s Google unit for up to $380 million in back taxes and fines that the search giant allegedly owes from 2015.

Muhammad Haniv, head of the tax office’s special cases unit, said in an interview that a team of four tax investigators met with Google’s Indonesian unit Monday, the latest escalation in a growing dispute between government and the technology firm. He said they discussed the alleged back taxes and audit of the unit’s tax compliance records.

“If we take this case to court, Google could be fined four times the tax it owes us,” Mr. Haniv said. He added that Indonesia will also pursue taxes from as far back as 2011, when Google first established a presence in the country. “Now we are still investigating them,” he said.

A Google spokesman confirmed the meeting and said that the company “has been and will continue to cooperate with the government and (has) paid all applicable taxes in Indonesia.”

Mr. Haniv said Indonesian tax authorities believe that Google’s regional headquarters in Singapore, Google Asia Pacific Pte. Ltd., owes about $76 million in income and value-added taxes on the profit it earned from Indonesian advertisers last year. In an interview, Mr. Haniv said investigators estimated that Google Asia Pacific’s total revenue from Indonesia last year reached up to $455 million, generating some $152 million in profit.

Tax authorities say that Google Indonesia operates only as what it describes as an event organizer for the Singapore operation, Google Asia Pacific. The Singapore unit handles all the contracts from Indonesian advertisers and pays all of Google Indonesia’s expenses, adding an additional 8% that is booked as the Indonesian business’s profit, Mr. Haniv said.

Mr. Haniv said this amount is tiny compared with the revenue generated by Google Asia Pacific from advertisers, and said this practice is “unfair and against the law.”

“We will move forward with the investigation,” Mr. Haniv said. “We are not willing to let them drain our (digital advertising) income but pay on a little tax.”

Google declined to comment on Mr. Haniv’s specific allegations.

Tax authorities said that last year Google and Facebook collected 70% of Indonesia’s total digital advertising revenue of $830 million, and the government has been pressing for more tax revenue from the business for several months. Indonesia is struggling to meet its tax collection target of $117 billion this year to fund President Joko Widodo’s plans to modernize and expand the country’s infrastructure. An amnesty program introduced earlier this year has gotten off to a slow start, raising $1.73 billion of its $12.5 billion target as of Sept. 16.

Indonesia’s move also comes amid growing scrutiny into the tax affairs of big-name tech firms. In late August, the European Union’s antitrust regulator demanded that Ireland recoup roughly $14.5 billion of unpaid taxes accumulated over more than a decade by Apple Inc., saying that rules prohibit government from helping companies gain advantages over their competitors.

Mr. Haniv said that Indonesia’s tax investigators will next examine Facebook’s tax records.

Write to Resty Woro Yuniar at restyworo.yuniar@wsj.com

http://www.wsj.com/articles/indonesia-plans-to-bill-google-for-back-taxes-and-fines-1474297142

 

[patu]

Gov have no direct influance on BI' policy to maintain and manage forex. With increasing capital inflow that we experience amid Tax Amnesty program, BI can definitely push IDR up against USD, if they choose to do so. Yet they choose to float IDR at 13.xxx range to stabilize and keep IDR competitive to support export. And by doing so, we manage to shore up our foreign exchange reserve.

View attachment 335267


17 September 2016
View attachment 335265
Klo liat pergerakannya perhari, bakal lebih dari 1000T sampe akhir bulan september harta yang mungkin dideklarasi.

Hope for the best bro!

 

[pr1v4t33r]

Hope for the best bro!

10 hari sebelum september berakhir udah tembus 1000T, kayaknya akhir september malah bisa tembus 2000T untuk deklarasinya. Klo repatriasi masih butuh waktu...

 

[patu]

Ndak apa2 bro bukankah sebuah langkah maju jauh lebh berarti daripada sebuah kondisi stagnan?

 

[Bennedict]

INKA Ready to Export Electric Diesel Train to Sri Lanka

TEMPO.CO, Jakarta - The National Train Industry (INKA) has prepared to export electric diesel trains worth US$70 million dolar to Sri Lanka.

"We need only to bid our offer. We have met the requirements," said Finance & HRM Director of INKA, Mohamad Nur Sodiq.

Sodiq added that Sri Lanka is a new export market for INKA in the South Asia.

Previously, the country is known to rely only to India for such product. INKA has managed to export 150 cars to Bangladesh in the first stage. It is set to send 250 more in the second stage.
Other than Bangladesh, INKA has exported trains to Singapore, Malaysia, Philippines, Thailand, Australia, and North African countries.
"In the near future, we will penetrate Myanmar and Sri Lanka's market," said Sodiq.
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Singapore Has Rp2,600tn of Indonesians` Assets

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani said that the total amount of Indonesians’ assets parked in Singapore stands at Rp2,600 trillion (US$200 billion), accounting for 80 percent of the total Indonesians’ assets parked overseas.

“A study conducted by an international consultant reveals that of US$250 billion of Indonesians’ assets parked overseas, about US$200 billion is parked in Singapore,” Sri Mulyani said during a judicial review of Law No. 11/2016 on Tax Amnesty at the Constitutional Court in Jakarta on Tuesday, September 20, 2016.

Of the total assets parked in Singapore, Sri revealed that the Rp650 trillion (US$50 billion) was non-investable assets. She added that the position of financial assets in foreign countries stood at Rp2,800 trillion (US$215.3 billion) in the first quarter of 2016, based on data from Bank Indonesia (BI).

During the judicial review of the tax amnesty law, Sri Mulyani, who represented the government, rejected the judicial review request and declared that the request had no legal basis. She claimed that the Constitutional Court had set five cumulative requirements to file a judicial review against a law. However, the requesters were able to meet only one requirement.

“The requester [of the judicial review] only managed to meet one requirement, namely having a constitutional right to be treated equally before the law. Meanwhile, four other requirements have not been met,” Sri said.

The next hearing has been scheduled on Wednesday, September 28, 2016, in which the requesters will present their expert witness.

 

[pr1v4t33r]

“A study conducted by an international consultant reveals that of US$250 billion of Indonesians’ assets parked overseas, about US$200 billion is parked in Singapore,” Sri Mulyani said during a judicial review of Law No. 11/2016 on Tax Amnesty at the Constitutional Court in Jakarta on Tuesday, September 20, 2016.

Singapore's economy is only around $250 Billion. If Indonesia success to repatriate most of our parked assets there, Sing economy will deffinitely suffer or even collapse.

Ndak apa2 bro bukankah sebuah langkah maju jauh lebh berarti daripada sebuah kondisi stagnan?

Bukan cuma nggak apa2 bung, komen saya itu memancarkan optimisme

 

[Nike]

Singapore's economy is only around $250 Billion. If Indonesia success to repatriate most of our park assets there, Sing economy will deffinitely suffer or even collapse.

the counts is not as simple as that, Indonesian people is just parking their money into Singapore financial institution in which get managed into investment funds and spread elsewhere around the world under name of Sg investment including Indonesia itself

 

[pr1v4t33r]

the counts is not as simple as that, Indonesian people is just parking their money into Singapore financial institution in which get managed into investment funds and spread elsewhere around the world under name of Sg investment including Indonesia itself

Indeed. Part of the reason why such and such thing happen is because Sg have a much more developed financial institutions. They also act as a tax heaven that attract a lot of Indonesian tax evaders. But plans to face Singapore financial hegemon is underway. Tax amnesty is only a gate opener for further steps such as reducing income tax and opening tax heaven of our own.

 

[Nike]

Indeed. Part of the reason why such and such thing happen is because Sg have a much more develop financial institutions. They are also a tax heaven that attract a lot of Indonesian tax evaders. But plans to face Singapore financial hegemon is underway. Tax amnesty is only a gate opener for further steps such as reducing income tax and opening tax heaven of our own.

the thing is, we had millions SME like bakso shops, Warung Sate and other streets vendor type still unregistered and covering themselves under guise of Wong Cilik and reject to pay their tax, although they can get hundred millions rupiah profit just for a month operation. Although they get the same benefit like us the true citizen who paid their income tax from gov, like free education for their children, healthcare and other facilities.

i am much despise them to the core

 

[patu]

Singapore's economy is only around $250 Billion. If Indonesia success to repatriate most of our park assets there, Sing economy will deffinitely suffer or even collapse.


Bukan cuma nggak apa2 bung, komen saya itu memancarkan optimisme

Thanks bung. Kita memiliki motive yg sama.