Indonesia Economy Forum

[skyhigh88]

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

I completely agree with you. All citizens should contribute to the country by paying their taxes accordingly, not only rich people and big businesses. Indonesia has a very small number of tax payers compared to the working population and this is a big problem.

Paying taxes will also give the people a sense of belonging, so the people can appreciate good outcome that the government has given and not vandalize nor destroy them because they will know that it comes from their own money.

 

[patu]

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

I see and agree with you to activate the whole nation's potential, especially the small medium and unrecord wealthy.
I have seen many many small unrecord assets from those " who are recorded as the poor family" from those always get the goverment's fund to raise their uneconomic activity. But for these all happen becouse of our unmotivation agent or the dirty politicion motive.
Hope these like practict being decrease,
Be zero.

 

[skyhigh88]

GE Future of Electricity Summit Convenes Industry Players to Support Indonesia’s 35 GW Program
GE | 2 hours ago
Stockhouse

• GE Future of Electricity Summit Convenes Industry Players to Support Indonesia’s 35 GW Program
• GE reaffirms commitment and investment to meet Indonesian power generation needs
• GE and Barata Indonesia sign Memorandum of Understanding to collaborate on local manufacturing
• Summit convenes business and government leaders to accelerate progress in support of Indonesia’s 21st century energy agenda

GE (NYSE:GE), in association with the Indonesian Chamber of Commerce and Industry (KADIN), hosted today the Future of Electricity Summit. Alongside the summit, GE and Barata Indonesia signed a Memorandum of Understanding (MOU) to collaborate on manufacturing parts and provide services for GE’s aero derivatives, heavy duty gas turbines, boilers for coal-fired power plants and renewable energy solutions. In addition, GE committed to support a technology pilot that aims to accelerate rural electrification across Indonesia, a key priority of the Indonesian Government’s poverty alleviation program.

“We are pleased to collaborate with GE Indonesia on manufacturing parts and provide services for GE’s aero derivatives, heavy duty gas turbines, boilers for coal-fired power plants and renewable energy solutions,” said Silmy Karim, CEO PT Barata Indonesia. “This is a strategic milestone for PT Barata Indonesia to become a world class engineering procurement company.”

During the summit, business and government leaders discussed the digital transformation of the electricity sector and how digital solutions, now commercially available, can improve power generation and distribution across Indonesia. These digital solutions are expected to deliver improved efficiencies, reduce energy costs and provide greater access to electricity. On the policy side, summit participants discussed a range of key regulatory issues including human capital and tariffs.

“GE continues to expand the local content in our solutions that we bring to the country, and the collaboration with Barata Indonesia is part of this commitment,” Steve Bolze, president and CEO of GE Power said. “We applaud President Joko Widodo’s commitment to increase the country’s electrification rate and the tremendous economic opportunity he is creating for Indonesia. We share his progressive vision that access to electricity is foundational to economic growth, job creation and significant advances in quality of life.”

Summit participants also discussed GE’s collaboration with PLN, several of which were completed in six months after initial discussions. In June of this year, GE brought on-line a 100 MW mobile plant in Gorontalo, as part of Indonesia’s 35 GW program. Most recently, GE worked with PLN Batam to commission the first of eight projects, a 50MW plant using GE’s TM2500 Fast Power solution in Jeranjang, Lombok.

GE also announced its commitment to fund a pilot project in Eastern Indonesia to showcase technology which can help electrify remote villages. This pilot is in support of the government’s Bright Indonesia program which aims to electrify more than 12,600 villages. The program will deploy digitally-enabled hybrid power solutions. GE is also testing this hybrid technology in India and Africa.

“Access to electricity is a basic human right,” said Steve Bolze. “We recognize the challenge ahead and welcome the opportunity to work with the Indonesian government and PLN to bring to market the most innovative solutions available for this unique and important region.”

GE has been a development partner with Indonesia for over 70 years and employs approximately 1,300 employees across the country. Today, greater than 30% of Indonesia’s power generation installed base is powered by GE technology. These power generation solutions include mobile power plants, affordable fossil fuel-based generation, combined cycle gas and aero derivative turbines, reciprocating engines and renewable energy solutions that offer long-term sustainability.

Read more at http://www.stockhouse.com/news/pres...ers-to-support-indonesias#oiLYWtJ0d2KH42IM.99

 

[CountStrike]

S Korea to explore halal food market in Indonesia
Rabu, 21 September 2016 14:27 WIB | 339 Views

Jakarta (ANTARA News) - The South Korean Ministry of Agriculture, Food and Rural Affairs, through the Korea Agro-Fisheries and Food Trade Corporation, will explore the possibility of entering the halal food market in Indonesia.

Lee Kyu Baek from the Korea Agro-Fisheries and Food Trade Corporation made the statement in Jakarta, Tuesday, during a press conference about the upcoming Korean Festival, scheduled to begin on Sep 30.

As a part of the month-long festival, the Trade Corporation will hold a Korean food fair themed Safe and Healthy Lifestyle with Premium K-Food from 6 to 9 October.

"This effort is being made to increase the demand for Korean foods, as well as heightening its recognition in Indonesia," he said.

Lee further explained that the halal food industry in Korea is still small, which is why the Korean government has launched a Moslem friendly policy to ensure the convenience of Moslem tourists who come to visit.

It has been reported that some 740,000 Moslem tourists have visited South Korea, as of last year, and the Indonesia K-Food Fair 2016 event is seeking to further promote both Korean cuisine and tourism to the Indonesian public.

The cuisine-based fair will be divided into two segments, one being an export conference, scheduled to be held at the Ritz-Carlton Hotel on Oct 6 and 7.

"We will be holding a seminar in which representatives from Korea will explain halal policies, as well as the steps to obtain halal certification in detail," he said.

The business-to-business conference will see 20 Korean exhibitors and 40 Indonesian buyers participating, he remarked.

In addition, a consumer experience event (B2C) will be held in Kota Kasablanka from October 8 to 9, where visitors can taste traditional Korean foods being promoted in separate halal, easy products and healthy food zones.(*)

 

[skyhigh88]

INDONESIA
Vestas to supply Indonesia's first wind projects
20 September 2016
by Sara Ver-Bruggen
Wind Power Monthly

Vestas' V126 turbines will be used at the Jeneponto 1 site

DENMARK: Vestas is to supply turbines for a 60MW wind farm in Indonesia, following the signing of a power purchase agreement (PPA) with government-owned electricity company PLN, by a consortium that includes the turbine supplier.

Equis, a Singapore-based investment fund group financing renewable and conventional energy projects in Asia-Pacific, is leading the consortium. At the signing, Vestas also signed a conditional agreement to supply wind turbines for the project.

The wind farm will be built in the South Sulawesi province. It is the second Indonesian wind project announced that will use Vestas turbines.

Earlier this year Asia Green Capital confirmed that the turbine maker is the engineering, procurement and construction (EPC) contractor on the 62MW Jeneponto 1 wind project, which is also being built in South Sulawesi.

Asia Green Capital is still negotiating its PPA with PLN for this project but expects to sign by the end of October.

Construction of Jeneponto 1 site is expected to start before the end of 2016 and use ten Vestas V126-3.3MW and nine Vestas V117-3.3MW turbines.

The Indonesian government has set itself a target of 35GW of additional energy capacity, as the country has one of the lowest electricity supply levels in the world, with more than 15% of the population without access to electricity.

Of this amount renewable energy must supply around 23%, equivalent to 8GW, by 2020. Wind and solar photovoltaics are both competitive with conventional fuel.

Asia Green Capital is one of the largest independent power producers (IPP) in Indonesia, along with UPC Renewables, and is the only IPP developing projects in south-east Asia's main economies, including Thailand, the Philippines and Vietnam.

http://www.windpowermonthly.com/article/1409408/vestas-supply-indonesias-first-wind-projects

 

[pr1v4t33r]

Jakarta Today

September 22, 2016

 

[afiq0110]

INDONESIA
Vestas to supply Indonesia's first wind projects
20 September 2016
by Sara Ver-Bruggen
Wind Power Monthly

Vestas' V126 turbines will be used at the Jeneponto 1 site

DENMARK: Vestas is to supply turbines for a 60MW wind farm in Indonesia, following the signing of a power purchase agreement (PPA) with government-owned electricity company PLN, by a consortium that includes the turbine supplier.

Equis, a Singapore-based investment fund group financing renewable and conventional energy projects in Asia-Pacific, is leading the consortium. At the signing, Vestas also signed a conditional agreement to supply wind turbines for the project.

The wind farm will be built in the South Sulawesi province. It is the second Indonesian wind project announced that will use Vestas turbines.

Earlier this year Asia Green Capital confirmed that the turbine maker is the engineering, procurement and construction (EPC) contractor on the 62MW Jeneponto 1 wind project, which is also being built in South Sulawesi.

Asia Green Capital is still negotiating its PPA with PLN for this project but expects to sign by the end of October.

Construction of Jeneponto 1 site is expected to start before the end of 2016 and use ten Vestas V126-3.3MW and nine Vestas V117-3.3MW turbines.

The Indonesian government has set itself a target of 35GW of additional energy capacity, as the country has one of the lowest electricity supply levels in the world, with more than 15% of the population without access to electricity.

Of this amount renewable energy must supply around 23%, equivalent to 8GW, by 2020. Wind and solar photovoltaics are both competitive with conventional fuel.

Asia Green Capital is one of the largest independent power producers (IPP) in Indonesia, along with UPC Renewables, and is the only IPP developing projects in south-east Asia's main economies, including Thailand, the Philippines and Vietnam.

http://www.windpowermonthly.com/article/1409408/vestas-supply-indonesias-first-wind-projects

Is there anyone can help me to compare the potential of of ricky elson wind mill compare to the one we import... we should focus our effort to support our researcher rather than keep buying foreign products... such a pity

 

[CountStrike]

State-owned firm to manufacture GE Power products in Indonesia

• Anton Hermansyah
  The Jakarta Post
  

Jakarta | Thu, September 22 2016 | 09:27 am

A worker prepares train components produced by state-owned firm PT Barata Indonesia in Gresik, East Java, on Aug. 25. The parts are to be exported to a number of countries, including the US, Mexico and Canada. Barata has signed an MoU with US giant General Electric (GE) on the manufacturing of power-related products.(Antara/ Moch Asim)


State-owned enterprise PT Barata Indonesia has signed an MoU with US giant General Electric (GE) to manufacture the company’s power-related products.

Barata Indonesia president director Silmy Karim said the company would manufacture parts for gas turbines, boilers for coal-fired power plants and renewable energy products and would also provide maintenance services for those products.

"We are pleased to collaborate with GE; this is a strategic milestone for Barata Indonesia to become a world class engineering procurement company," Silmy said in Jakarta on Wednesday.

Barata Indonesia and GE had already cooperated on the manufacture of train components for GE and had worked together for 15 years, he added.

GE Power CEO Stever Bolze welcomed the agreement, saying it would be beneficial for both companies.

"It [Barata Indonesia] is a great company, it is on a lot of business for GE, and we believe as we continue to build out here for GE Power, we can utilize their capabilities do more work for us," he told The Jakarta Post after the signing of the MoU. (bbn)

 

[patu]

State-owned firm to manufacture GE Power products in Indonesia

• Anton Hermansyah
  The Jakarta Post

Jakarta | Thu, September 22 2016 | 09:27 am

A worker prepares train components produced by state-owned firm PT Barata Indonesia in Gresik, East Java, on Aug. 25. The parts are to be exported to a number of countries, including the US, Mexico and Canada. Barata has signed an MoU with US giant General Electric (GE) on the manufacturing of power-related products.(Antara/ Moch Asim)


State-owned enterprise PT Barata Indonesia has signed an MoU with US giant General Electric (GE) to manufacture the company’s power-related products.

Barata Indonesia president director Silmy Karim said the company would manufacture parts for gas turbines, boilers for coal-fired power plants and renewable energy products and would also provide maintenance services for those products.

"We are pleased to collaborate with GE; this is a strategic milestone for Barata Indonesia to become a world class engineering procurement company," Silmy said in Jakarta on Wednesday.

Barata Indonesia and GE had already cooperated on the manufacture of train components for GE and had worked together for 15 years, he added.

GE Power CEO Stever Bolze welcomed the agreement, saying it would be beneficial for both companies.

"It [Barata Indonesia] is a great company, it is on a lot of business for GE, and we believe as we continue to build out here for GE Power, we can utilize their capabilities do more work for us," he told The Jakarta Post after the signing of the MoU. (bbn)

I am really hope that under the Silmi Karim's leadership Pt Barata could be transform into modern and profesional firm.

 

[Kalazan]

Is there anyone can help me to compare the potential of of ricky elson wind mill compare to the one we import... we should focus our effort to support our researcher rather than keep buying foreign products... such a pity

So far i know...the ricky's wind farm design is in micro or medium type of wind farm. For a higher power scale of windfarm, ricky should design the bigger one.
While installing the imported one, i agree to support ricky to build big wind farm.

State-owned firm to manufacture GE Power products in Indonesia

• Anton Hermansyah
  The Jakarta Post

Jakarta | Thu, September 22 2016 | 09:27 am

A worker prepares train components produced by state-owned firm PT Barata Indonesia in Gresik, East Java, on Aug. 25. The parts are to be exported to a number of countries, including the US, Mexico and Canada. Barata has signed an MoU with US giant General Electric (GE) on the manufacturing of power-related products.(Antara/ Moch Asim)


State-owned enterprise PT Barata Indonesia has signed an MoU with US giant General Electric (GE) to manufacture the company’s power-related products.

Barata Indonesia president director Silmy Karim said the company would manufacture parts for gas turbines, boilers for coal-fired power plants and renewable energy products and would also provide maintenance services for those products.

"We are pleased to collaborate with GE; this is a strategic milestone for Barata Indonesia to become a world class engineering procurement company," Silmy said in Jakarta on Wednesday.

Barata Indonesia and GE had already cooperated on the manufacture of train components for GE and had worked together for 15 years, he added.

GE Power CEO Stever Bolze welcomed the agreement, saying it would be beneficial for both companies.

"It [Barata Indonesia] is a great company, it is on a lot of business for GE, and we believe as we continue to build out here for GE Power, we can utilize their capabilities do more work for us," he told The Jakarta Post after the signing of the MoU. (bbn)

Very good job for Silmy...
Then we can produce the engine for our warships and all indonesian ships.
So the ships will be an Indonesian made, excluding gun system.

 

[afiq0110]

So far i know...the ricky's wind farm design is in micro or medium type of wind farm. For a higher power scale of windfarm, ricky should design the bigger one.
While installing the imported one, i agree to support ricky to build big wind farm.



Very good job for Silmy...
Then we can produce the engine for our warships and all indonesian ships.
So the ships will be an Indonesian made, excluding gun system.

I wish that your thought could be heard by the decision maker... we need to keep our researchers for our own selves

 

[patu]

So far i know...the ricky's wind farm design is in micro or medium type of wind farm. For a higher power scale of windfarm, ricky should design the bigger one.
While installing the imported one, i agree to support ricky to build big wind farm.



Very good job for Silmy...
Then we can produce the engine for our warships and all indonesian ships.
So the ships will be an Indonesian made, excluding gun system.

We as a nation need to make a great jumping metalurgy-engines know how as fast as we can that why i understand the Silmy's Job Changing/rotation from the advand Pindad Firm.
Good Job Sim!

 

[skyhigh88]

Is there anyone can help me to compare the potential of of ricky elson wind mill compare to the one we import... we should focus our effort to support our researcher rather than keep buying foreign products... such a pity

I agree with you that we should focus on developing our own products.

But at the end of the day it is really up to the investors to pick what they want for their projects and sadly most of the investors for this kind of projects are foreign money.

I hope the goverment and local companies can invest more in this technology

 

[afiq0110]

I agree with you that we should focus on developing our own products.

But at the end of the day it is really up to the investors to pick what they want for their projects and sadly most of the investors for this kind of projects are foreign money.

I hope the goverment and local companies can invest more in this technology

Sad... but true...

 

[papacita]

Indonesia tax amnesty picks up pace, more than 100,000 join: ministry

Indonesian President Joko Widodo attends the opening ceremony of the G20 Summit in Hangzhou in eastern China's Zhejiang province, Sunday, Sept. 4, 2016.

After a slow start, Indonesia's tax amnesty program has picked up pace with 100,000 Indonesians taking part and declaring more than $110 billion of assets, the finance ministry said on Thursday.

Participation has surged this month, ahead of a Sept. 30 deadline to pay the smallest penalties charged for registering previously-unreported assets. Penalty rates are higher in the next two phases of the amnesty, which ends in March.

Some of Indonesia's wealthiest individuals, including Lippo Group chief executive James Riady, Inter Milan football club president Erick Thohir and Hutomo Mandala Putra - a son of the late authoritarian president Suharto - have signed up.

The participation surge is a relief for economic policymakers, some of whom fear a less than stellar amnesty would force the government to slash spending to contain a ballooning fiscal deficit.

"We are still optimistic about this program," President Joko Widodo told economists at the palace on Thursday. "I see a good move towards compliance, and in (people's) conscience that they have to pay taxes."

As of Thursday, more than 102,500 Indonesians had signed up since the July launch, and they declared 1,459 trillion rupiah ($111.50 billion) of assets.

Of that total, 483 trillion rupiah were declared overseas, and the rest at home. And of the amount declared overseas, 77.9 trillion rupiah - or 16 percent - is committed to be returned home, according to a government website giving daily updates.

Indonesians who declare assets overseas are not required to bring them home, but pay a lower penalty rate if they do.

To date, the program has generated 35.1 trillion rupiah in revenue, or 21 percent of the government target of 165 trillion rupiah.

Central bank governor Agus Martowardojo said a big factor in determining next year's economic growth, forecast at between 5.1-5.5 percent, would be the amnesty program's success.

"If repatriation is better, then growth will also be better," said Martowardojo, who warned parliament this month the program would only get a fraction of the government's target.

Ferry Wong, Citi's equity strategist, this week declared Indonesia's amnesty program one of the world's most successful, forecasting that up to 2,000 trillion rupiah of assets would be declared.