What's new

Indonesia Economy Forum

feel free, it's safe to say so.

Bandung Metro Capsule- Soil Test

1478731115.jpg

171220166185.jpg


Wait, Metro Capsul? At Dewi Sartika?

I vaguely remember it was said that it would start from Gede Bage.

But.... I am not that up-to-date. That being said, I barely catch up any news of the progress of my own city's projects. Ironic, huh?:p:
 
.
How goes Christmas in world's biggest Muslim country? Not as we think.
$

Christmas is a statutory holiday in Indonesia, the world's largest Muslim country. So is Easter. (Photo: Santa Claus surfer teacher on Indonesian island of Bali on Dec. 19, 2016.
The “war against Christmas” is much different in North America than it is in the world’s largest Muslim country.

I have regular Skype meetings with Endy Bayuni, editor-in-chief of The Jakarta Post, a leading newspaper in tropical Indonesia.

Like 87 per cent of the 250 million residents of Indonesia, Endy is a Muslim. The word, “gentleman,” sometimes seems to have been invented just for him.

We’re in regular Skype contact because he is the executive director of the International Association of Religion Journalists and I’m the current chair.

Since Indonesia has often received negative media coverage in the West – for former President Suharto’s ruthless leadership and outbursts of Al Qaida terrorist attacks — I was surprised when Endy mentioned in a recent conversation that he would be off work for the Christmas holiday.

Surely Christmas isn’t a statutory vacation day in Indonesia, which has the largest Muslim population in the world?

Yes it is. So is New Year’s and Easter.
Central_Park_Mall_Wujudkan_Pertunjukkan_Laser_Show_di_Pohon_Natal_Raksasa.jpg

And Indonesia also has a statutory Hindu holiday, even though Hindus make up less than 2 per cent of the population.

It also has statutory Buddhist and Confucian holidays, even while both groups make up less than one per cent each of Indonesia’s population.

There is also a slim chance Indonesia might develop a Jewish statutory holiday, despite the Jewish population being infinitesimal.

It’s eye-opening for people in the West to absorb Indonesia’s approach to religious pluralism, particularly for someone like me who just finished a review of Canadian historian Gerry Bowler’s excellent book, Christmas in the Crosshairs: Two Thousand of Years of Defending and Denouncing the World’s Most Popular Holiday (U of Oxford Press). The book explains how opposition to Christmas in the West has mostly come from atheists, and Christians who find the holiday too commercial.

Since it’s most common for people in the West to hear about the persecution of Christians in Muslim-majority countries, particularly attacks on churches in Egypt, Syria and other parts of the Middle East, it was enlightening to learn what’s going on in this populous South-East Asian country.

To be sure, Indonesia has not been immune to Islamist terrorist attacks at Christmas, as some extremists have chosen the holiday to express their fury.

But unlike most Muslim-majority countries, Indonesia formally operates as a secular state, Endy says.

In regards to holidays it has developed religious pluralism to a greater extent than we have in multi-religious Canada and the United States, which are among the small minority of the world’s immigrant-welcoming countries.

Most of North America’s statutory holidays are rooted in Christianity or secular tradition.

Whether or not Canada and the U.S. should start creating statutory holidays linked to minority religions is a subject worthy of debate, but it’s more than interesting to hear Indonesia has already done it. I’ve learned in the past that many Muslims in Canada are quite fond of Christmas.

http://vancouversun.com/news/staff-...-worlds-biggest-muslim-country-there-isnt-one
 
.
The power ship "Gokhan Bey" to light Kupang Before Christmas
21 Desember 2016 22:49


kapal-listrik-gkhan-bey_20161221_224924.jpg


Kupang in East Nusa Tenggara and Lombok in West Nusa Tenggara will receive additional electricity supplies before Christmas and New Year’s Eve as two power barges from Turkey are set to begin operating in the two regions in mid-December.(22 December 2016)

Kupang will see an additional power supply from the Karadeniz Powership Dogan Bey, a floating power plant that has the capacity to produce up to 120 megawatts (MW), while Lombok will host the Karadeniz Powership Gokhan Bey, which has a capacity of 60 MW.

“The Dogan Bey power barge, which has a capacity of 120 megawatts, is scheduled to arrive in Kupang in mid-December and is planned to start operation before the celebration of this year’s Christmas Eve,” Karpowership Asia-Pacific regional director Ufuk Berk said in a statement.

The deployment of the two power vessels is part of Karpowership’s agreement with the Indonesian government to provide 540 MW of electricity to several regions in the country for five years, starting last year.

The first Karpowership barge, which is named the Karadeniz Powership Zeynep Sultan and has a 125 MW capacity, arrived in Amurang, North Sulawesi, in December last year.

After Gökhan Bey, according to the plan, there will be three another power-ships that will be sent to Belawan (North Sumatra), Lombok (West Nusa Tenggara) and Ambon (Maluku), with a power capacity according to the contract of each of 240 MW, 60 MW , 60 MW.

PT PAL Indonesia will contribute to the development of a fleet of this ships, the world's largest power-generating ship. With this exclusivity, PT PAL Indonesia will receive technology transfer in the the field of design, procurement, construction, transportation, installation, inspection / testing and maintenance the PowerShip for a total of 5.000MW for 7 years.

All these have shown remarkable progress in supporting of energy procurement master plan amounted to 35,000 MW

Jktpost x tribun.manado
 
.
France may become gateway for Indonesia`s products to Europe
Minggu, 18 Desember 2016 16:04 WIB | 2.685 Views
20161215IMG_5672.jpg

Minister Airlangga Hartarto. (ANTARA News/PR of Industrial Ministry)

Jakarta (ANTARA News) - Indonesia is considering turning France into a gateway for its products to non-traditional markets in Europe, Industry Minister Airlangga Hartarto said.

"France has a dynamic industry and is one of the most competitive nations in the world," he said, while receiving French Ambassador to Indonesia Jean-Charles Berthonnet at his office recently.

France is also ranked second, third and fourth for chemical industries, food industries and in the information and telecommunication industries in Europe, he said in a press statement released.

The minister added that Indonesia should look into the possibility of turning France into a gateway for its products to Europe through cooperation in the industrial sector, standardization efforts, and exchanging information on non-tariff measures, as part of efforts to penetrate the market.

France is also Indonesias important partner in terms of trade relations, which contribute to its industrial and economic growth, he said.

"The two countries need to enhance economic cooperation to balance their trade and investment," he said.

In 2015, Indonesia imported US$1.3 billion worth of goods from France, while its exports to France were valued at US$972 million.

Indonesias imports from France included aircraft components, vehicles, electronic machines and milk and pharmaceutical products, while its exports to France were made up of electronic machinery, footwear, rubber, rubber products, furniture, clothing and accessories, coffee, tea and spices.

Data from the Indonesian Investment Coordinating Board (BKPM) show Frances investment in Indonesia between 2011 and 2016 reached US$771.2 million in 783 projects.

The projects include 174 projects worth US$323.7 million in the manufacturing sector.

Indonesia is also a hub for products manufactured by French company Schneider Electric for Southeast Asia.

(Reported by Sella Panduarsa Gareta/Uu.S012/INE/KR-BSR/B003)

http://www.antaranews.com/en/news/108463/france-may-become-gateway-for-indonesias-products-to-europe
 
.
20161222078.jpg



Presiden Resmikan PLBN EntikongPresiden Joko Widodo (kanan) didampingi Menko PMK Puan Maharani (keempat kiri), Menteri Keuangan Sri Mulyani (ketiga kiri), Menteri PU Pera Basoeki Hadimoeljono (kedua kiri), dan Gubernur Kalbar Cornelis (kedua kanan) meninjau Pos Lintas Batas Negara (PLBN) Entikong usai peresmiannya di Kabupaten Sanggau, Kalbar, Rabu (21/12/2016). Presiden Joko Widodo mengharapkan keberadaan PLBN Terpadu Entikong tersebut dapat mendukung kecepatan dan kualitas layanan serta memberikan manfaat besar bagi masyarakat sekitar. (ANTARA/A Nugrosh)

20161222077.jpg



Presiden Resmikan PLBN EntikongPresiden Joko Widodo berpidato usai meresmikan Pos Lintas Batas Negara (PLBN) Entikong di Kabupaten Sanggau, Kalbar, Rabu (21/12/2016). Presiden Joko Widodo mengharapkan keberadaan PLBN Terpadu Entikong tersebut dapat mendukung kecepatan dan kualitas layanan serta memberikan manfaat besar bagi masyarakat sekitar. (ANTARA /A Nugrosh)
 
. .
A thrilling year for Indonesia
indonesia-stock-exchange.ashx

INDONESIA is set to wrap up the year as one of the top performing capital markets in Asia – this is spite of lingering fears of terrorism as well as an undercurrent of domestic political instability for the most part of the year.

Still touted as the region’s “growth proxy” alongside the Philippines amid a backdrop of a weaker global economic environment, Indonesia has made tremendous inroads in attracting capital and assets into the country this year.

Led by its progressive president Joko ‘Jokowi’ Widodo, the current administration looks to have shaken off years of bureaucratic red tape and other legacy issues to turn the country into a top investment destination.

Key initiatives by Jokowi, particularly a series of multi-billion infrastructure projects as well as crucial land reforms, has been received well by investors.


To date, the Jakarta Composite Index (JCI) has posted a return of 11%, making it one of Asia’s best-performing stock markets.

Interestingly, despite the recent currency shock brought by the surprise victory by Donald Trump in the November US presidential elections, the rupiah is still currently up by 2.5% for the year, again bucking the regionaltrend of underperformance against the US dollar.

While concerns remain over the presence of ‘hot money’ and high foreign ownership in Indonesian capital markets, investors currently have few options elsewhere if they are keen on the high yields offered by both the sovereign bonds as well as the rupiah.

Although Jakarta was rattled by the January terrorist attacks and a series of foiled attempts by Islamic radicals throughout the year, investors remained enthused over the country’s outlook as shown by new capital inflows into the country.

The ongoing blasphemy trial of Jakarta’s Christian governor Basuki Tjahaja Purnama, while seen as a crucial litmus test for the country’s religious tolerance, also did not impact financial markets in a significant way.

On Dec 21, Fitch Ratings affirmed the country’s sovereign debt ratings at ‘BBB-’ but revised its outlook to “positive” from “stable”.

It attributed the positive re-rating to Indonesia’s low government debt burden and favorable economic growth outlook, while structural reforms are gradually improving the country’s business and investment climate.

The advances were aided by an ambitious tax amnesty program which has largely succeeded in boosting domestic liquidity despite strong initial skepticism. Some US$261bil in assets held by Indonesians overseas were declared during the first three months of the scheme’s introduction, beating expectations.

As at Sept 28 this year, the Indonesian government collected some US$6.5bil in additional tax revenue under the program. A further US$10.9bil in assets were also repatriated back into the country, thus considerably improving domestic liquidity.

Between June and December this year, the government raised some US$7.70bil in three rounds of new debt issuances. The deals constituted three of the top four capital raising exercises in the debt capital markets.

The top ten deals in the debt markets raised some US$12.8bil. Among the notable debt issuances in the corporate space include Listrindo Capital BV which raised US$550mil and Theta Capital Pte Ltd which raised US$425mil.

A government owned entity, Perusahaan Penerbit SBSN Indonesia III, raised US$2.5bil in Asia’s largest dollar sukuk issuance of the year.

The firm was established for the purpose of issuing Shariah-compliant securities in foreign currencies and is backed by state owned assets.

The renewed bout of optimism for Indonesia was demonstrated in its vibrant mergers and acquisitions (M&A) scene. The top 10 deals in the country for the year were collectively worth US$5.12bil.

It is notable that Credit Suisse were the lead advisers in six out of the top 10 deals, which underscored the investment bank’s dealmaking prominence in Indonesia.

The banking group’s Asia Pacific CEO is Indonesian Helman Sitohang, who has long maintained a bullish outlook on his home country’s capital market prospects.

With the upturn in the prices of commodities this year, particularly in gold and other minerals, dealmakers in Indonesia have made bold bets to secure mining assets to ride on the positive price trend.

The biggest M&A deal of the year is PT Amman Mineral Internasional’s US$2.6bil acquisition of PT Newmont Nusa Tenggara which runs the operations for the massive Batu Hijau copper and gold mining complexes in the country. The major consequence of the deal is that the mine is now fully owned by Indonesian entities.

The next-biggest M&A deal also came from the mining sector with the US$775mil acquisition of PT Agincourt Resources by EMR Capital & Marlin Australia Holdings. PT Agincourt operates the Martabe gold mine in western Sumatra which began production in 2012.

Meanwhile, the country’s equities markets saw a dearth of new high-profile listings during the year. Some US$1.92bil were raised out of its top 10 deals in the equities space, with US$774.1mil coming from just three initial public offerings (IPOs).

The largest IPO this year was the US$395mil listing of PT Waskita Beton Precast Tbk, the concrete precast unit of state-owned builder Wasita Karya. The company is banking in on Indonesia’s infrastructure boom and has already secured US$821mil in new contracts this year.

In second place was PT Cikarang Listrindo Tbk which raised US$265mil from its IPO. It is the first power plant company to attain public listing in the Indonesian market.

The biggest placement of the year was undertaken by PT Telekomunikasi Indonesia Tbk in a US$246mil exercise, followed by PT Matahari Department Store Tbk in a US$226.9mil placement exercise.
http://www.thestar.com.my/business/business-news/2016/12/24/a-thrilling-year-for-indonesia/
 
.
Foreign tourist arrivals in Bali reach 4.07 mln
Sabtu, 24 Desember 2016 02:21 WIB - 0 Views

201604251942.jpg

International Airport I Gusti Ngurah Rai, Badung, Bali, which is the entrance flow of tourists use it for flights to Bali. (ANTARA/Aditya Pradana Putra)

Denpasar (ANTARA News) - The tourist resort province of Bali, which had received 4.07 million foreign tourist arrivals up to October, is expected to have attracted more than 4.4 million more tourists by the end of the year.

"Foreign tourist arrivals account for 40 percent of the national target of about 15 million tourists," said the Head of the Bali Provincial Tourism Office, A.A. Yuniartha Gede Putra, here on Friday.

He added that the foreign tourist arrivals in Bali are expected to go up to 5.5 million in 2017.

Putra said foreign tourists in Bali mainly came from ten countries, namely Australia, China, Japan, Britain, France, India, Malaysia, the United States, Germany and South Korea.

"Given the uniqueness of Balinese art and culture, it attracts tourists from various countries around the world," Putra noted.

He noted that he promoted the region in various countries to lure more travelers to Bali. The Ministry of Tourism also made similar efforts.

Besides, steps were taken to improve cultural tourism as Bali has a regional identity.

He urged everyone to ensure that the local tourism department works well so that tourists in Bali feel safe and comfortable as they enjoy their holidays.

Referring to Australian governments travel advisory, tourism observer Putu Gede Perma claimed it will not affect tourist visits to Bali.

"Based on our observations and the results of the academic studies on the impact of this travel advisory, we have deduced that the advisory did not have any impact on the number of Australian tourists visiting Bali," Putu Gede Perma informed here on Thursday.

Australian tourists were of the view that bomb attacks can happen anywhere in the world and were not unique to Bali, he stated.

"They will not delay or cancel their planned trips to Bali," remarked Gede.

Gede, who is also an academician at the Ganesha Education University, hoped that Australian tourists would not blindly follow their governments recommendation.

"We found that Australian tourists had continued to come to Bali, irrespective of how serious the advisory was," he recalled, adding that the situation was unlike what had happened more than a decade ago when Bali was crippled by bomb attacks.

"Yes, it did affect tourism. After the Bali 1 and Bali 2 bombings, a travel advisory had significantly reduced the influx of Australian tourists," he conceded.

He called upon the police and military officers to remain alert to terror threats, particularly after the arrest of terrorists in South Tangerang, Banten, by the polices anti-terror squad, Densus 88, on Wednesday (Dec 21).

"Bali will always remain a target. Security officers and the people should, therefore, continue to maintain security and order. We should be watchful of suspicious visitors," the tourism observer stressed.
(Uu.A014/INE/KR-BSR/B003)
Editor: Priyambodo RH

COPYRIGHT © ANTARA 2016

http://m.antaranews.com/en/news/108566/foreign-tourist-arrivals-in-bali-reach-407-mln

our touristm sector continued to grow at unprecedented rate
 
.
Tahun 2017, BP Batam Mulai Membangun Light Rail Transit atau LRT
delegasi-jerman-ke-bp-batam_20161005_200124.jpg

BATAM.TRIBUNNEWS.COM, BATAM - Ada sejumlah proyek infrastruktur akan dikembangkan BP Batam pada 2017.

Beberapa di antaranya, pembangunan awal Light Rail Transit, pelabuhan Kabil, perluasan Rumah Sakit BP Batam dan pembangunan Instalasi Pengolahan Air Limbah (IPAL) di kawasan Bengkong.

Jika dihitung-hitung, anggaran untuk pengerjaan infrastruktur itu memang tidak sedikit. Setidaknya membutuhkan anggaran lebih kurang Rp600 miliar. Dari semua itu, pembangunan awal LRT yang paling menyerap biaya besar.

"Pagu anggarannya itu sekitar Rp100 miliar," kata Direktur Humas dan Promosi BP Batam, Purnomo Andiantono, Kamis (22/12).

Dana itu digunakan untuk melakukan studi awal kelayakan transportasi publik berjenis LRT tersebut di Batam. Rencana lelangnya dijadwalkan Desember 2016 ini.

Untuk Pelabuhan Kabil, BP Batam menganggarkan biaya sekitar Rp130 miliar untuk membangun dermaga curah. Pengembangan dermaga seluas lebih kurang 10 hektare itu dimaksudkan untuk melayani lalu lintas dan bongkar muat CPO. Kedepan diharapkan proses bongkar muat lebih efisien dalam hal waktu.

"Dermaga yang ada saat ini, kami nilai sudah tidak mampu lagi melayani bongkar muat yang semakin hari semakin meningkat," ujarnya.

BP Batam juga berkomitmen meningkatkan kualitas layanannya untuk rumah sakit. Itu dibuktikan dengan akan dibangunnya gedung baru di RSBP Batam di Sekupang. Peruntukannya sebagai pusat pengobatan jantung.

"Posisinya itu di belakang rumah sakit yang ada saat ini. Jadi kalau ada pasien sakit jantung, kita tidak perlu lagi keluar mencari rumah sakit. Cukup di Batam saja," kata Andi.

Pembangunan rumah sakit untuk pusat pengobatan jantung itu, diperkirakan memakan biaya sekitar Rp53,67 miliar. Di sisi lain, BP Batam juga tengah melakukan studi untuk pembangunan IPAL berkapasitas 250 liter per detik.

Dengan begitu, air limbah yang dihasilkan rumah tangga akan diolah lagi menjadi air bersih. Air itu dapat digunakan untuk keperluan industri, cuci kendaraan, menyiram tanaman dan beberapa lainnya. Namun tidak untuk dikonsumsi sebagai air minum.

"Hasil recycle nya bisa untuk industri, cuci-mencuci dan untuk tanaman. Kalau konsumsi belum bisa," ujarnya.

Untuk proyek ini, BP Batam menganggarkan biaya sekitar Rp319 miliar. Keseluruhan biaya itu bersumber dari Anggaran Pendapatan dan Belanja Negara (APBN) lewat Kementerian Keuangan. Selain itu juga ada yang berasal dari tarif layanan BP Batam. (*)

http://batam.tribunnews.com/2016/12...m-mulai-membangun-light-rail-transit-atau-lrt

Batam to get LRT too :yahoo:
 
.
Tahun 2017, BP Batam Mulai Membangun Light Rail Transit atau LRT
delegasi-jerman-ke-bp-batam_20161005_200124.jpg

BATAM.TRIBUNNEWS.COM, BATAM - Ada sejumlah proyek infrastruktur akan dikembangkan BP Batam pada 2017.

Beberapa di antaranya, pembangunan awal Light Rail Transit, pelabuhan Kabil, perluasan Rumah Sakit BP Batam dan pembangunan Instalasi Pengolahan Air Limbah (IPAL) di kawasan Bengkong.

Jika dihitung-hitung, anggaran untuk pengerjaan infrastruktur itu memang tidak sedikit. Setidaknya membutuhkan anggaran lebih kurang Rp600 miliar. Dari semua itu, pembangunan awal LRT yang paling menyerap biaya besar.

"Pagu anggarannya itu sekitar Rp100 miliar," kata Direktur Humas dan Promosi BP Batam, Purnomo Andiantono, Kamis (22/12).

Dana itu digunakan untuk melakukan studi awal kelayakan transportasi publik berjenis LRT tersebut di Batam. Rencana lelangnya dijadwalkan Desember 2016 ini.

Untuk Pelabuhan Kabil, BP Batam menganggarkan biaya sekitar Rp130 miliar untuk membangun dermaga curah. Pengembangan dermaga seluas lebih kurang 10 hektare itu dimaksudkan untuk melayani lalu lintas dan bongkar muat CPO. Kedepan diharapkan proses bongkar muat lebih efisien dalam hal waktu.

"Dermaga yang ada saat ini, kami nilai sudah tidak mampu lagi melayani bongkar muat yang semakin hari semakin meningkat," ujarnya.

BP Batam juga berkomitmen meningkatkan kualitas layanannya untuk rumah sakit. Itu dibuktikan dengan akan dibangunnya gedung baru di RSBP Batam di Sekupang. Peruntukannya sebagai pusat pengobatan jantung.

"Posisinya itu di belakang rumah sakit yang ada saat ini. Jadi kalau ada pasien sakit jantung, kita tidak perlu lagi keluar mencari rumah sakit. Cukup di Batam saja," kata Andi.

Pembangunan rumah sakit untuk pusat pengobatan jantung itu, diperkirakan memakan biaya sekitar Rp53,67 miliar. Di sisi lain, BP Batam juga tengah melakukan studi untuk pembangunan IPAL berkapasitas 250 liter per detik.

Dengan begitu, air limbah yang dihasilkan rumah tangga akan diolah lagi menjadi air bersih. Air itu dapat digunakan untuk keperluan industri, cuci kendaraan, menyiram tanaman dan beberapa lainnya. Namun tidak untuk dikonsumsi sebagai air minum.

"Hasil recycle nya bisa untuk industri, cuci-mencuci dan untuk tanaman. Kalau konsumsi belum bisa," ujarnya.

Untuk proyek ini, BP Batam menganggarkan biaya sekitar Rp319 miliar. Keseluruhan biaya itu bersumber dari Anggaran Pendapatan dan Belanja Negara (APBN) lewat Kementerian Keuangan. Selain itu juga ada yang berasal dari tarif layanan BP Batam. (*)

http://batam.tribunnews.com/2016/12...m-mulai-membangun-light-rail-transit-atau-lrt

Batam to get LRT too :yahoo:

for a city with more than 1 million population Batam need intregated transportation system
 
. .
.
98 crisis had basically destroyed most of our industries and manufactures. Good to know that Mali have an intention to start exporting Motorcycles from Indonesia again.
 
.
Indonesian govt expediting plan to build high-speed train
Minggu, 25 Desember 2016 06:10 WIB - 0 Views

Reporter: Andi Abdussalam

20161225Shinkanzen_Japan.jpg

Photo document of speed train in Japan. The Shinkansen is a network of high-speed railway lines in Japan operated by five Japan Railways Group companies. (japanguide.com)

Jakarta (ANTARA News) - The Indonesian government is increasing its lobbying with Japan to expedite its plans to build a semi-high speed train that will cover a distance of some 700 kilometers from Jakarta to Surabaya in East Java.

As the government has decided to complete the plan soon and move quickly on construction of the Jakarta-Surabaya semi-high speed train, ministers held a coordination meeting last month.

Those at the coordination meeting, which was attended by Luhut Binsar Panjaitan, Coordinating Minister for Maritime Affairs; Bambang Brodjonegoro, National Development Planning Minister/National Development Planning Agency (Bappenas) Head; and Sri Mulyani, Finance Minister, decided to speed up construction of the project.

For this purpose, Minister Luhut Binsar Panjaitan visited Japan on December 20-21 this week to discuss the medium fast train project with the Japanese.

The project has long been discussed, and since the beginning Japan has been offered to build the system.

Nevertheless, if there is a better opportunity, the government would consider it.

"Of course they (the Japanese) have the right, because they are involved in the feasibility study. We are looking for the cheapest, best, and fastest. Of course, there are options. We should not put all our eggs in one basket," Luhut said in Jakarta on Friday (Dec. 23, 2016).

In a press conference on Friday, Luhut said the government estimates that the Jakarta-Surabaya semi high-speed train project will cost Rp80 trillion.

The cost was based on a preliminary study conducted by the Ministry of Transportation and the Agency for the Assessment and Application of Technology (BPPT).

With a speed of 160 kilometers (km) per hour, and powered by electricity, the semi high speed trains will cover the Jakarta - Surabaya route in five hours.

Previous estimates indicate the semi-high speed train could reach a speed of 180 kilometers to 200 kilometer per hour, and shorten the travel time from Jakarta to Surabaya.

Currently, it takes about 10 hours to travel from Jakarta to Surabaya. However, with a medium-speed of 180 to 200 kilometers per hour, travel time between both cities could be shortened to below four hours.

Luhut said the trains electric power system would be a step forward in the use of technology, because other long distance trains continue to use diesel fuel. "For the cost, frankly, we would like to follow the DED (detailed engineering design) calculation. The cost figure released by the government of Japan is approximately Rp102 trillion. We see that the figure still could be lowered to about Rp80 trillion. Yet, the investment remains very large," he said.

Because of the high cost of the investment, Luhut said the government has decided to put in place a funding plan that requires cooperation between the government and business entities (KPBU), or through the Public Private Partnership (PPP).

Such a plan has been proposed by Minister of National Development Planning (PPN)/Head of National Development Planning Agency (Bappenas) Bambang Brodjonegoro. Bambang made the proposal because, based upon the law on railways, train lines are state assets that should be managed by the government.

The government would study the feasibility of adopting the public private partnership (PPP) for the project to be implemented jointly with Japan.

"We have discussed this alternative (PPP) with the Bappenas . We can invite the private sector to jointly fund the project, and will discuss this again," Luhut noted in a previous statement.

Therefore, it is expected that the project would not burden the state budget.

The cooperation scheme between the government and the private sector (PPP) could be used for alternative funding, since the government would seek to use most of its budget in 2017 for the development of rural areas and other regions outside Java Island.

"If it would be funded by the government, (the project) would add to the governments debt. It will burden the state budget. The governments policy is currently not to use too much of the funds in the budget for (development) in Java Island. We would rather use it for development of regions outside the island, as part of the efforts to ensure equitable development," he explained.

However, the project would not be fully handled by the private sector, as the government, based on the law on railways, is required to own the railway line.

Previously, Transportation Minister Budi Karya Sumadi had said that the government would maintain its ownership in the project, although it has yet to take a final decision and would use existing track lanes.

Regarding the approximate price of the semi fast Jakarta-Surabaya train tickets, Luhut estimated that the price will range from Rp500,000 to Rp600,000.

"Ticket prices are Rp500,000 - Rp600,000, but it depends on what we will still see," Luhut said.

In the meantime, a number of local East Java legislators said the Jakarta-Surabaya semi-high speed trains will boost the countrys economic development.

According to Zainul Lutfi, Commission B member of the East Java Regional Legislative Assembly (DPRD), the Jakarta-East Java train project will help equitably distribute economic development and increase economic activities in the regions.

However, he advised that the project should be accompanied by a comprehensive study, particularly in those regions where the train passes through.

His colleague, Abdul Halim of the DPRD Commission D, said he supported the project, but studies should be conducted to determine its feasibility, including the country that will build it.
(T.A014/INE/KR-BSR)
Editor: Priyambodo RH

COPYRIGHT © ANTARA 2016
http://m.antaranews.com/en/news/108594/indonesian-govt-expediting-plan-to-build-high-speed-train
 
.
Pertamina targets US$3.04 bln profit in 2017
Jumat, 23 Desember 2016 18:37 WIB - 0 Views

Jakarta (ANTARA News) - State-owned oil and gas company PT Pertamina has set a net profit target of US$3.04 billion or Rp40.95 trillion in 2017, up six percent from US$2.88 billion in 2016.

"We will face full challenges next year. Pertamina must be more aggressive than what it has done in 2016," Pertaminas Chief Commissioner Tanri Abeng said after attending the companys shareholders general meeting (RUPS)in Jakarta on Friday.

The RUPS was led by Edwin Hidayat Abdullah, deputy for energy, logistics, regional and tourism affairs of the State-owned Enterprises (SOE) Ministry.

Pertaminas net profit growth next year will be supported by planned income of US$42.59 billion, up 15.01 percent from an estimated US$37.03 billion in 2016, Tanri Abeng said.

Net profit before interest, tax, depreciation and amortization (Ebitda) in 2017 is pegged at US$7.43 billion, even though the Ebitda margin will be lower by eight percent from 18.9 percent to 17.4 percent.

In 20017, Pertamina will allocate US$6.67 billion in capital expenditure, down three percent from US$6.90 billion in 2016.(*)
Editor: Heru

COPYRIGHT © ANTARA 2016
http://m.antaranews.com/en/news/108562/pertamina-targets-us304-bln-profit-in-2017
 
.

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom