OJK Signs Agreement with Kazakh Financial Institution
http://en.tempo.co/read/news/2016/0...s-Agreement-with-Kazakh-Financial-Institution
TEMPO.CO,
Jakarta - The Financial Service Authority (OJK) has established cooperation with Kazakhstan’s Astana International Financial Center (AIFC).
OJK’s Deputy Commissioner for First Banking Monitoring Mulya E. Siregar said the cooperation is aimed at supporting the development of domestic financial service industry.
According to Mulya, the cooperation include development of appropriate financial monitoring mechanism both for conventional and shariah financial markets. “Cooperation will be made by exchanging knowledge and expertise or capacity building programs,” he said Thursday in Jakarta.
Monitoring will be made in prudential standards and market conduct of financial institution monitoring, financial product and market development, crisis management and financial institution resolution, global monitoring reform and agreements in international forum, etc.
Aside from signing the agreement, OJK and AIFC have held talks about shariah finance, financial technology (fintech), financial inclusion, capacity building as well as training and prudential standards.
AIFC was established in 2015 a the initiative of Kazakh President Nursultan Nazarbayev in a bid to turn the country into a leading financial hub for Central Asia, the Caucasus region, the Eurasian Economic Union (EAEU), the Middle East, Western China, Mongolia and Europe.
AIFC is designed to attract foreign investment, develop banking sector, facilitate insurance businesses and shariah financial institutions. Also to draw world leaders in financial service sector to support Kazakhstan in developing best practices, creating stability and boosting Kazakh economic growth
Indonesia-Iran considering cooperation in development of aircraft industry
http://www.antaranews.com/en/news/1...operation-in-development-of-aircraft-industry
Jakarta (ANTARA News) - Indonesia and the Islamic Republic of Iran are studying possibility of cooperation in the development of civil aircraft industry as currently Iran needs to renew a large number of its aircraft for civil aviation service.
The Policy Study and Development Body (BPPK) of the Foreign Ministry said here on Friday, PT Dirgantara Indonesia (PTDI) could study cooperation with the Iran Aircraft Manufacturing Industrial Company (HESA).
The cooperation possibility was an important point in the economic discussion during the visit of an Iranian government delegation to the state-owned aircraft factory PTDI in Bandung on Thursday.
The visit by the Iranian delegation is part of the activities of 5th "Policy Research Consultation" (PRC) of Indonesia-Iran, between BPPK and the Institute for Political and International Studies (IPIS), a think tank of the Iranian Foreign Ministry held by Asia Africa Museum in Bandung.
The Iranian delegates included Iranian Ambassador to Indonesia Valiollah Mohammadi and Vice President of IPIS Dr Sayed Rasoul Mousavi.
PRC is an annual activity of BPPK and IPIS to exchange views and information about position and foreign policy of the two countries - bilaterally, regionally and internationally.
BPPK said after the implementation of "Joint Comprehensive Plan of Action" (JCPOA) on 16 January 2016, followed with the lifting of international economic sanction on Iran, that country needs many units of aircraft for civil aviation.
The lifting of the economic on Iran opened an opportunity for Indonesia to develop closer cooperation with Iran, an oil rich country with a population of 80 million.
Large purchase of aircraft by Iran has been widely reported by international mass media. Iran was reported signing a contract for the purchase of 100 units of Boeing air craft at a price of US$17 billion in Sept 2016, and 118 units of Airbus aircraft valued at US$25 billion in January, 2016.
The U.S. finance ministry allowed the purchases by phases.
Iran also is studying purchase of aircraft from the Brazilian aircraft maker Embraer.
Technology and Development Director of PTDI, Andi Alisjahbana, said PTDI, which already has international reputation as an aircraft maker has a big opportunity to sell aircraft to Iran.
Propeller aircraft products of PTDI are suitable for domestic flights, Andi said.
So far, PTDI has exported aircraft to various countries including Brunei Darussalam, Malaysia, Thailand, the Philippines, South Korea, Pakistan, Turkey, the United Arab Emirates, Burkina Faso, Senegal, and Venezuela
Indonesia to send 11 start-ups to Turkey
http://www.antaranews.com/en/news/106986/indonesia-to-send-11-start-ups-to-turkey
Jakarta, Sept 30 (Antara) - The Creative Economy Agency (Bekraf) will send 11 start-ups to the Start-up Competition and Conference Eurasia (Europe and Asia) in Istanbul, Turkey, to be held from 6 to 10 October 2016, bringing together 428 start-ups from 135 countries.
"From the 11 start-ups, 6 start-ups will participate in the competition and five start-ups will join the conference," said Deputy Access Capital of Bekraf Fadjar Hutomo, during a press conference here on Friday.
Previously, the start-ups passed the selection process for the competition that was held by Bekraf, and then passed a second selection by the organizers of the start-up competition in Istanbul.
The six start-ups that will participate in the competition include Urbanhire (job search sites), Kostoom (platform to create custom clothing), KlikTukang (an application that connects consumers with repair and maintenance providers), Kitabis.com (fundraising sites), Cubeacon (application to help the promotion of businesses) and Hangout.deals (e-commerce selling discounted items). Six start-ups have been listed among the top 100 start-ups in the world.
While 5 other start-ups are to be participants at the conference in Istanbul, such as AppSKEP (applications in the field of care), Ur-Farm (e-commerce selling organic products), Pictalogi (platform photo printing), TARRASmart (directory of online radio Indonesia), BlumbangReksa (platform for helping shrimp farmers).
"In Turkey, they will meet with investors from throughout the world," he
said.
He noted that Bekfraf will continue to encourage start-up to sell their products throughout the world.
Meanwhile, KlikTukang CEO Astrid Wibisono said KlikTukang is ready to participate and compete in the event.
"We hope to win. But certainly, this event allows us to add insights, experience, and lessons learned. In fact, we will meet with investors from abroad," he said.
In 2015, iGrow, a start-up from Indonesia, reached 2nd place in the competition in Turkey.***4***
Indonesian coffee potential grows unlimited: Australian Ambassador
http://www.antaranews.com/en/news/1...tential-grows-unlimited-australian-ambassador
Jakarta (ANTARA News) - The Australian Ambassador to Indonesia, Paul Grigson, who is also a coffee connoisseur, said the potential in unlimited for the Indonesian coffee agriculture and industry.
In a press release from the Australian Embassy in Jakarta, received by Antara here on Friday, the ambassador said the Australians and Indonesians enjoy drinking coffee, often in cozy cafes.
"As the third largest coffee producer and exporter in the world, Indonesia is a haven for coffee addicts," he said.
He added the Australian Rural Development Program (PRISMA), which is part of the Australia Indonesia Partnership For Rural Economic Development (AIP-Rural), has helped more than 2,200 farmers and is expected to reach 10,000 coffee producers in 2018.
"I was amazed by the incredible coffee culture, where coffee can be cold fusion, pour-over or tubruk. And there's also some inspiring latte foam art," Grigson said.
"Tubruk" coffee is Indonesian-style coffee, in which coarse coffee grounds are boiled, along with solid sugar, resulting in a thick drink.
According to Grigson, during his stay in Indonesia, almost all coffee grown in the country was enjoyed by him, including Gayo coffee from Aceh, Toraja coffee from South Sulawesi, and Bajawa Flores coffee from East Nusa Tengggara.
"Jakartas thriving coffee culture not only makes it easier for me to get my coffee, but it opens up more opportunities for young people to enter the business. With many Indonesian baristas learning their art in Australia, this is a fusion of cultures we can all enjoy," the ambassador said.
Along with the increase in coffee consumption worldwide, Indonesia, as the third largest coffee producer after Brazil and Vietnam, has a great opportunity to improve the quality and volume of coffee production, in order to meet the international demand for specialty coffee.
East Java province is estimated to have 54,300 coffee farmers, and a coffee production land area equivalent to 8.1 percent of the nation's production area.
Meanwhile, East Nusa Tenggara province has about 51,752 coffee farmers and its area for coffee production reaches 57 percent of the nation's production area.
