Bungaterakhir
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massive move ya, from 14.500 rupiah to 13.300, not really good for another sector.
Indonesia Economy Forum
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MarveL
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pr1v4t33r
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SE Asia Stocks-Most gain marginally; Indonesia closes at new record high
http://www.reuters.com/article/southeast-asia-stocks-idUSL3N1HC1UR?rpc=401&
http://www.reuters.com/article/southeast-asia-stocks-idUSL3N1HC1UR?rpc=401&
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Nike
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Wonderful Indonesia restaurant opened in ancient Chinese town
2nd April 2017 | 2.433 Views
I Gde Pitana. (kemenpar.go.id)
Jakarta (ANTARA News) - Indonesia has opened the "Wonderful Indonesia" restaurant in the ancient Chinese town of Luoyang in an effort to promote the variety of culinary products of the country.
The deputy for overseas tourism marketing of the ministry of tourism, I Gde Pitana, inaugurated the restaurant, named after the countrys tourism brand name, at Hotel Peony Plaza on Saturday (April 1st).
"Culinary has become an effective means of promotion. It also has the potential to become an entry point to tourism. Unlike in the past when we used culture, arts, or sports as a means of promotion, we will use culinary at present," he noted in his statement received here.
He had cooperated with Peony Plaza Hotel, one of the most popular four-star rated hotels in Luoyang, for the promotion.
"We did not invest in a large amount for the cooperation. We only trained three chefs in Luoyang to handle Indonesian foods and spread information about it," he stated.
The hotel management had agreed to provide a full space on the 25th floor with a capacity of around 125 seats, he remarked.
This is the first rotary restaurant in the city where visitors could enjoy the beautiful scenery of Luoyang while dining on a rotating restaurant on the 25th floor.
A Wonderful Indonesia restaurant has earlier been opened in Anhui, China, while more restaurants could be opened in various other provinces in China in future.
Pitana pointed out that the cooperation and promotion model would also be done in other target countries.
"After experiencing the Indonesian nuance, we plan to invite tourism agencies, travel bureaus, journalists, and restaurant owners in Luoyang to join a trip to Indonesia in May," he reiterated.
Luoyang Peony Plaza Hotels Board of Management President Wei Dong remarked that he had agreed to provide one floor exclusively for Wonderful Indonesia Restaurant, because of the potential that could be developed from the Indonesian culinary products.
"The relations between the people of Luoyang and Indonesia have existed for thousand years. A lot of Luoyang people are curious about Bali as well as other parts of Indonesia. So with the presence of Wonderful Indonesia, we will strive to attract more people to dine here," he asserted.
Wei Dong believed that Indonesian foods could receive good response from the people in his country.
Luoyang Peony Hotel is one of the state-owned hotels and is the biggest in Luoyang. ***1***
Reported by Hanni Sofia Soepardi
(H-YH/INE)
EDITED BY INE/H-YH
(T.SYS/B/KR-BSR/A/H-YH) 01-04-2017 22:54:25
2nd April 2017 | 2.433 Views
I Gde Pitana. (kemenpar.go.id)
Jakarta (ANTARA News) - Indonesia has opened the "Wonderful Indonesia" restaurant in the ancient Chinese town of Luoyang in an effort to promote the variety of culinary products of the country.
The deputy for overseas tourism marketing of the ministry of tourism, I Gde Pitana, inaugurated the restaurant, named after the countrys tourism brand name, at Hotel Peony Plaza on Saturday (April 1st).
"Culinary has become an effective means of promotion. It also has the potential to become an entry point to tourism. Unlike in the past when we used culture, arts, or sports as a means of promotion, we will use culinary at present," he noted in his statement received here.
He had cooperated with Peony Plaza Hotel, one of the most popular four-star rated hotels in Luoyang, for the promotion.
"We did not invest in a large amount for the cooperation. We only trained three chefs in Luoyang to handle Indonesian foods and spread information about it," he stated.
The hotel management had agreed to provide a full space on the 25th floor with a capacity of around 125 seats, he remarked.
This is the first rotary restaurant in the city where visitors could enjoy the beautiful scenery of Luoyang while dining on a rotating restaurant on the 25th floor.
A Wonderful Indonesia restaurant has earlier been opened in Anhui, China, while more restaurants could be opened in various other provinces in China in future.
Pitana pointed out that the cooperation and promotion model would also be done in other target countries.
"After experiencing the Indonesian nuance, we plan to invite tourism agencies, travel bureaus, journalists, and restaurant owners in Luoyang to join a trip to Indonesia in May," he reiterated.
Luoyang Peony Plaza Hotels Board of Management President Wei Dong remarked that he had agreed to provide one floor exclusively for Wonderful Indonesia Restaurant, because of the potential that could be developed from the Indonesian culinary products.
"The relations between the people of Luoyang and Indonesia have existed for thousand years. A lot of Luoyang people are curious about Bali as well as other parts of Indonesia. So with the presence of Wonderful Indonesia, we will strive to attract more people to dine here," he asserted.
Wei Dong believed that Indonesian foods could receive good response from the people in his country.
Luoyang Peony Hotel is one of the state-owned hotels and is the biggest in Luoyang. ***1***
Reported by Hanni Sofia Soepardi
(H-YH/INE)
EDITED BY INE/H-YH
(T.SYS/B/KR-BSR/A/H-YH) 01-04-2017 22:54:25
Nike
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Tourist arrivals reach nearly 2 million in January and February
Snorkeling is one of two main attractions, including diving, which attract tourists to Bunaken National Marine Park in North Sulawesi. (Kompas/Agnes Rita Sulistyawaty)
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The Central Statistics Agency (BPS) recorded 1.99 million tourist arrivals in January and February, an increase of 16.91 percent from the same period in 2016.
About 1.8 million tourists arrived at the 19 main Indonesian gateways (airports), while 193,000 others arrived through other ports of entry, said BPS head Suhariyanto, as reported by tempo.co in Jakarta on Monday.
“In February, the number of tourist arrivals reached 957,580. Although it is lower than the figure in January, it nonetheless increased by 7.3 percent compared with the figure in February, 2016,” Suhariyanto told the press conference.
(Read also: Travel agents, airlines told to offer government's 10 tourist destinations)
The BPS recorded 888,310 arrivals in February, 2016.
In January and February, tourist arrivals at Sam Ratulangi International Airport in Manado, North Sulawesi, increased by 233.49 percent from the same period last year, the largest percentage increase, followed by arrivals at Husein Sastranegara International Airport in Bandung, West Java, (57.36 percent) and arrivals at Sutan Syarif Kasim II International Airport in Riau (39.80 percent).
The total number of arrivals in 2016, at 11.5 million, fell short of the 12 million target.
The government expects to welcome 15 million tourists in 2017, with 2.1 million tourists expected from China. President Joko “Jokowi” Widodo has signed an agreement with Chinese President Xi Jinping to attract 10 million tourists from China by 2019. (bbn)
- News Desk
The Jakarta Post
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The Central Statistics Agency (BPS) recorded 1.99 million tourist arrivals in January and February, an increase of 16.91 percent from the same period in 2016.
About 1.8 million tourists arrived at the 19 main Indonesian gateways (airports), while 193,000 others arrived through other ports of entry, said BPS head Suhariyanto, as reported by tempo.co in Jakarta on Monday.
“In February, the number of tourist arrivals reached 957,580. Although it is lower than the figure in January, it nonetheless increased by 7.3 percent compared with the figure in February, 2016,” Suhariyanto told the press conference.
(Read also: Travel agents, airlines told to offer government's 10 tourist destinations)
The BPS recorded 888,310 arrivals in February, 2016.
In January and February, tourist arrivals at Sam Ratulangi International Airport in Manado, North Sulawesi, increased by 233.49 percent from the same period last year, the largest percentage increase, followed by arrivals at Husein Sastranegara International Airport in Bandung, West Java, (57.36 percent) and arrivals at Sutan Syarif Kasim II International Airport in Riau (39.80 percent).
The total number of arrivals in 2016, at 11.5 million, fell short of the 12 million target.
The government expects to welcome 15 million tourists in 2017, with 2.1 million tourists expected from China. President Joko “Jokowi” Widodo has signed an agreement with Chinese President Xi Jinping to attract 10 million tourists from China by 2019. (bbn)
pr1v4t33r
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In an exciting discovery, researchers have uncovered prehistoric ornaments and art dating back to the last Ice Age.
Archaeologists discovered an array of jewelry and art objects from a cave in Sulawesi, Indonesia. The artifacts date back 30,000 years ago and reportedly belong to the last ice age. ( Griffith University )
The prehistoric jewelry and art has been discovered in Sulawesi, an island in Indonesia. The excavated artifacts date back 30,000 years ago
readmore: http://www.techtimes.com/articles/2...t-and-jewelry-dating-back-to-last-ice-age.htm
Archaeologists discovered an array of jewelry and art objects from a cave in Sulawesi, Indonesia. The artifacts date back 30,000 years ago and reportedly belong to the last ice age. ( Griffith University )
The prehistoric jewelry and art has been discovered in Sulawesi, an island in Indonesia. The excavated artifacts date back 30,000 years ago
readmore: http://www.techtimes.com/articles/2...t-and-jewelry-dating-back-to-last-ice-age.htm
Nike
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Less Waste, More Infrastructure as Jokowi Aims for 5.6% Growth in 2018i
Jakarta. President Joko "Jokowi" Widodo seeks to accelerate economic growth in 2018, with plans to increase government spending and attract more private investment to develop infrastructure across the archipelago.
The government will target a 5.6 percent increase in growth next year, up from an expected 5.1 percent this year and a recorded 5 percent in 2016.
Jokowi has asked his cabinet to consult ministerial budgets and cut superfluous expenses to increase government spending on capital expenditure.
"There are many unnecessary costs that can be redirected to capital expenditure," he said during a plenary cabinet meeting at the State Palace in Central Jakarta on Tuesday (04/04).
Ministries and government agencies need to channel their spending to sectors that can generate long-term growth, Jokowi added. He emphasized the need for more public spending on transportation, electrical and communications infrastructure, as well as investing in clean-water systems.
The government has allocated Rp 2,081 trillion ($156 billion) towards state spending this year, while Rp 194 trillion will be dedicated to infrastructure development.
A notable percentage of last year's budget was allocated to foreign debt repayment, and for salaries of government workers, which accounted for 16 percent.
Jokowi said his administration needs to find new markets for Indonesian exports to reduce the country's reliance on China and the United States, especially as the Trump administration appears set to adopt more protectionist economic policies.
The government would also like to see more foreign direct investment in Indonesia in the coming years as national regulations are simplified, the president said.
Private sector investments accounted for a third of Indonesia's $930-billion economy last year.
http://jakartaglobe.id/business/les...ucture-as-jokowi-aims-for-5-6-growth-in-2018/
Jakarta. President Joko "Jokowi" Widodo seeks to accelerate economic growth in 2018, with plans to increase government spending and attract more private investment to develop infrastructure across the archipelago.
The government will target a 5.6 percent increase in growth next year, up from an expected 5.1 percent this year and a recorded 5 percent in 2016.
Jokowi has asked his cabinet to consult ministerial budgets and cut superfluous expenses to increase government spending on capital expenditure.
"There are many unnecessary costs that can be redirected to capital expenditure," he said during a plenary cabinet meeting at the State Palace in Central Jakarta on Tuesday (04/04).
Ministries and government agencies need to channel their spending to sectors that can generate long-term growth, Jokowi added. He emphasized the need for more public spending on transportation, electrical and communications infrastructure, as well as investing in clean-water systems.
The government has allocated Rp 2,081 trillion ($156 billion) towards state spending this year, while Rp 194 trillion will be dedicated to infrastructure development.
A notable percentage of last year's budget was allocated to foreign debt repayment, and for salaries of government workers, which accounted for 16 percent.
Jokowi said his administration needs to find new markets for Indonesian exports to reduce the country's reliance on China and the United States, especially as the Trump administration appears set to adopt more protectionist economic policies.
The government would also like to see more foreign direct investment in Indonesia in the coming years as national regulations are simplified, the president said.
Private sector investments accounted for a third of Indonesia's $930-billion economy last year.
http://jakartaglobe.id/business/les...ucture-as-jokowi-aims-for-5-6-growth-in-2018/
pr1v4t33r
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Southeast Asia's Largest Economies Show Less Inflation Pressure
Consumer prices in Indonesia and Thailand grew at a slower pace than economists predicted last month, giving central banks in Southeast Asia’s two biggest economies scope to keep interest rates low for longer.
Annual inflation in Indonesia was 3.6 percent in March, compared with the median estimate of 3.8 percent in a Bloomberg survey of 19 economists. In Thailand, the measure was 0.8 percent versus a projection of 1.3 percent.
Lower food costs are helping restrain inflation, signaling the pick-up in prices in the region may be gradual. That eases pressure on policy makers to tighten with most economists predicting Bank of Thailand and Bank Indonesia will refrain from raising interest rates this year.
“The inflation pressure we are seeing in the region is not as worrisome as in the past,” said Gundy Cahyadi, an economist at DBS Group Holdings Ltd. in Singapore. “You’re going to see somewhat different pressures in each economy depending on how strong their domestic demand is. In that sense, we are a little more concerned with Indonesia compared with Thailand. But it’s not like inflation in Indonesia is going to shoot up significantly soon.”
Indonesia’s inflation details:
Consumer prices in Indonesia and Thailand grew at a slower pace than economists predicted last month, giving central banks in Southeast Asia’s two biggest economies scope to keep interest rates low for longer.
Annual inflation in Indonesia was 3.6 percent in March, compared with the median estimate of 3.8 percent in a Bloomberg survey of 19 economists. In Thailand, the measure was 0.8 percent versus a projection of 1.3 percent.
Lower food costs are helping restrain inflation, signaling the pick-up in prices in the region may be gradual. That eases pressure on policy makers to tighten with most economists predicting Bank of Thailand and Bank Indonesia will refrain from raising interest rates this year.
“The inflation pressure we are seeing in the region is not as worrisome as in the past,” said Gundy Cahyadi, an economist at DBS Group Holdings Ltd. in Singapore. “You’re going to see somewhat different pressures in each economy depending on how strong their domestic demand is. In that sense, we are a little more concerned with Indonesia compared with Thailand. But it’s not like inflation in Indonesia is going to shoot up significantly soon.”
Indonesia’s inflation details:
- Consumer prices declined 0.02 percent from the previous month, compared with the median estimate for a 0.2 percent increase
- Core inflation was 3.3 percent, compared with estimate of 3.4 percent
barjo
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http://bisniskeuangan.kompas.com/re...kan.freeport.ekspor.konsentrat.selama.8.bulan
https://m.detik.com/finance/energi/3425825/dapat-izin-ekspor-konsentrat-ini-respons-freeport
when we point our eyes to jakarta gov. election, they got their agenda. Media now is just to crowded with similiar news, almost never notice any thief comming inside the house
https://m.detik.com/finance/energi/3425825/dapat-izin-ekspor-konsentrat-ini-respons-freeport
when we point our eyes to jakarta gov. election, they got their agenda. Media now is just to crowded with similiar news, almost never notice any thief comming inside the house
Nilgiri
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Tourist arrivals reach nearly 2 million in January and February
Jakarta | Mon, April 3, 2017 | 05:38 pm
- News Desk
The Jakarta Post
Snorkeling is one of two main attractions, including diving, which attract tourists to Bunaken National Marine Park in North Sulawesi. (Kompas/Agnes Rita Sulistyawaty)
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The Central Statistics Agency (BPS) recorded 1.99 million tourist arrivals in January and February, an increase of 16.91 percent from the same period in 2016.
About 1.8 million tourists arrived at the 19 main Indonesian gateways (airports), while 193,000 others arrived through other ports of entry, said BPS head Suhariyanto, as reported by tempo.co in Jakarta on Monday.
“In February, the number of tourist arrivals reached 957,580. Although it is lower than the figure in January, it nonetheless increased by 7.3 percent compared with the figure in February, 2016,” Suhariyanto told the press conference.
(Read also: Travel agents, airlines told to offer government's 10 tourist destinations)
The BPS recorded 888,310 arrivals in February, 2016.
In January and February, tourist arrivals at Sam Ratulangi International Airport in Manado, North Sulawesi, increased by 233.49 percent from the same period last year, the largest percentage increase, followed by arrivals at Husein Sastranegara International Airport in Bandung, West Java, (57.36 percent) and arrivals at Sutan Syarif Kasim II International Airport in Riau (39.80 percent).
The total number of arrivals in 2016, at 11.5 million, fell short of the 12 million target.
The government expects to welcome 15 million tourists in 2017, with 2.1 million tourists expected from China. President Joko “Jokowi” Widodo has signed an agreement with Chinese President Xi Jinping to attract 10 million tourists from China by 2019. (bbn)
Any estimates for how many jobs in Indonesia are created by tourism?
Nike
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around 12 million peoples
http://www.indonesia-investments.com/business/industries-sectors/tourism/item6051?
pr1v4t33r
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It's a temporary win win solution since FI "agree" to change KK to IUPK, although each side still try to negotiate all the details. Furthermore FI can only export processed consentrate, around 40% of its production capacity, just enough to runs it's daily operation and pay salaries.
Chemical maker Clariant sets foot in East Java
Switzerland-based specialty chemical producer Chemical set foot in East Java by opening a new factory under PT Clariant Absorbents Indonesia in the Java Integrated Industrial and Port Estate (JIIPE).
The factory, which is to produce bleaching earth, a chemical used to refine crude palm oil (CPO), will increase the firm’s national production of the substance by 35 percent. The site in JIIPE is Clariant’s sixth in the country. It has five production sites in North Sumatra and West Java.
“By establishing our new site in JIIPE, we benefit from its integrated logistics facility that can shorten delivery time to clients in Kalimantan, Sulawesi and East Java,” said Christian Kohlpaintner, a Clariant executive, during a speech.
Expansion in the country is important as Clariant Indonesia contributes 30 percent to Clariant’s sales in the Southeast Asian and Pacific region.
Most Clariant products are used locally and the remaining are exported to Southeast Asia and the Pacific region.
Besides bleaching earth, the firm produces chemicals for the plastics and coatings industry, as well as halal shampoos and hair conditioners. It produces a total of 450,000 tons of chemicals a year.
http://www.thejakartapost.com/news/2017/04/05/chemical-maker-clariant-sets-foot-in-east-java.html
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Nike
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Jokowi to cut 2017 state budget again as lead up 2018 budget cuts
President Joko "Jokowi" Widodo speaks during a Cabinet meeting. Jokowi has instructed his Cabinet to cut 2017 state budget in order to allow a smooth transition to further cuts to the 2018 budget. (Courtesy of the Presidential Office/File
President Joko "Jokowi" Widodo has instructed his Cabinet to cut the 2017 state budget in order to facilitate a smooth transition to further cuts in the 2018 budget.
The government targets economic growth at 5.6 percent in 2018 and plans to allocate Rp 2.2 quadrillion (US$165.03 billion) in spending to help achieve that.
Jokowi says he wants the state budget reduced this year to make a benchmark for the 2018 state budget. Expenditure is set at Rp 2.08 quadrillion for this year.
"We set 5.6 percent growth for 2018. But I want the budget cut not only later in 2018 but also in 2017 as we are only in the first quarter,” Jokowi said during a meeting on the 2018 state budget at the State Palace on Tuesday. “We want massive reductions in allocations for all ministries and institutions in 2017-2018.”
Moreover, the President decided that 2017 spending on government procurements should not exceed last year’s expenditure of Rp 257.7 trillion to ensure efficiency.
(Read also: State budget inefficiencies lessened: Finance Ministry)
To allow better spending, the government will also change the method of calculation for regional transfers. In a change to the previous method, amounts transferred to regional administrations for their budget allocations will be flexible, depending on state income.
"If our income decreases, transfers must decline too. I want transfers to the regions to follow our income fluctuations,” Jokwo said. “They now enjoy fixed transfers while we have trouble making money.” (lnd)
http://www.thejakartapost.com/news/...budget-again-as-lead-up-2018-budget-cuts.html
- Anton Hermansyah
The Jakarta Post
President Joko "Jokowi" Widodo has instructed his Cabinet to cut the 2017 state budget in order to facilitate a smooth transition to further cuts in the 2018 budget.
The government targets economic growth at 5.6 percent in 2018 and plans to allocate Rp 2.2 quadrillion (US$165.03 billion) in spending to help achieve that.
Jokowi says he wants the state budget reduced this year to make a benchmark for the 2018 state budget. Expenditure is set at Rp 2.08 quadrillion for this year.
"We set 5.6 percent growth for 2018. But I want the budget cut not only later in 2018 but also in 2017 as we are only in the first quarter,” Jokowi said during a meeting on the 2018 state budget at the State Palace on Tuesday. “We want massive reductions in allocations for all ministries and institutions in 2017-2018.”
Moreover, the President decided that 2017 spending on government procurements should not exceed last year’s expenditure of Rp 257.7 trillion to ensure efficiency.
(Read also: State budget inefficiencies lessened: Finance Ministry)
To allow better spending, the government will also change the method of calculation for regional transfers. In a change to the previous method, amounts transferred to regional administrations for their budget allocations will be flexible, depending on state income.
"If our income decreases, transfers must decline too. I want transfers to the regions to follow our income fluctuations,” Jokwo said. “They now enjoy fixed transfers while we have trouble making money.” (lnd)
http://www.thejakartapost.com/news/...budget-again-as-lead-up-2018-budget-cuts.html
pr1v4t33r
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Lol
Southeast Asian stock markets, except the Philippines and Indonesia, ended slightly lower on Wednesday as investors awaited a crucial meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. Indonesia hits new record high.
http://www.reuters.com/article/southeast-asia-stocks-idUSL3N1HD2KP?rpc=401&
Freeport smelter to be built on 100 hectares of land in Gresik
While copper and gold mining giant PT Freeport Indonesia and the government are conducting negotiations over the conversion of the company's contract, Freeport has earmarked 100 hectares of land on which to construct a smelter in Gresik, East Java.
The land is located in the Java Integrated Industrial and Port Estate (JIIPE) in Gresik. JIIPE covers 1,761 hectares of industrial park developed in 2013. Its first block is rented by five tenants. Two more blocks are expected to be fully occupied by 2019. The industrial park is integrated with a 499-hectare seaport and a 800-hectare housing estate. Of the planned 3,060 ha of land, 60 percent has been procured by JIIPE. The remaining 40 percent is in process of being acquired.
Freeport on Tuesday obtained a special mining permit (IUPK), which is effective for eight months as from Feb. 10. The company will be allowed to export 1.11 million wet metric tons of copper concentrate per year. It will be evaluated after the first six months, taking into account the progress of construction of the smelter.
http://www.thejakartapost.com/news/...-built-on-100-hectares-of-land-in-gresik.html
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Nike
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Property Association Maps Out Investment Plans in Mandalika
Jakarta. Real Estate Indonesia Chairman Sulaiman Sumawinata said the property association has mapped out plans for an investment in resort island Mandalika in West Nusa Tenggara.
"We've mapped out an investment plan and we're going to organize a meeting with officials in Mandalika as soon as possible," he said during a visit to the island on Monday (03/04).
Tourism Minister Arief Yahya and his marketing deputy Esthy Astuti as well as his deputy head of business and government incentives Karnoza Hendry went with Sulaiman to the island on Monday.
Sulaiman said REI's Mandalika investment will be crucial for its members' business expansion.
"We think Mandalika will be even more beautiful than Nusa Dua in Bali. The location is also very accessible, only 30 minutes from the Lombok International airport," he added.
Esthy and Karnoza said the ministry is also preparing the development of a special economic region (KEK) in Mandalika.
They will start with building new facilities and infrastructure in the island to make it more convenient for tourists and investors.
"We've set up the requirements to develop KEK in Mandalika, including how much land we'll need and how many administrators we will have to hire. Infrastructure and facilities will be built by the relevant authorities in Mandalika," Esthy said.
Tourism Minister Arief Yahya said the ministry will set up a "green infrastructure" in Mandalika.
"We will produce drinking water in Mandalika from a desalination plant. And the island will be powered by solar energy plants," he added.
The minister said the green infrastructure should attract world-class investors to the island's special economic region.
"The KEK in Mandalika can be a model for similar development in other regions in Indonesia," he added.
Arief said the Indonesian Tourism Development Corporation can play the role of a regional council in Mandalika.
"The council will be working with local communities to keep the social and economic climate healthy and protect the environmental integrity of the area," he said.
"If the KEK thrives in Mandalika, local communities will be able to enjoy many sustainable benefits," he added.
http://jakartaglobe.id/business/property-association-maps-investment-plans-mandalika/
Jakarta. Real Estate Indonesia Chairman Sulaiman Sumawinata said the property association has mapped out plans for an investment in resort island Mandalika in West Nusa Tenggara.
"We've mapped out an investment plan and we're going to organize a meeting with officials in Mandalika as soon as possible," he said during a visit to the island on Monday (03/04).
Tourism Minister Arief Yahya and his marketing deputy Esthy Astuti as well as his deputy head of business and government incentives Karnoza Hendry went with Sulaiman to the island on Monday.
Sulaiman said REI's Mandalika investment will be crucial for its members' business expansion.
"We think Mandalika will be even more beautiful than Nusa Dua in Bali. The location is also very accessible, only 30 minutes from the Lombok International airport," he added.
Esthy and Karnoza said the ministry is also preparing the development of a special economic region (KEK) in Mandalika.
They will start with building new facilities and infrastructure in the island to make it more convenient for tourists and investors.
"We've set up the requirements to develop KEK in Mandalika, including how much land we'll need and how many administrators we will have to hire. Infrastructure and facilities will be built by the relevant authorities in Mandalika," Esthy said.
Tourism Minister Arief Yahya said the ministry will set up a "green infrastructure" in Mandalika.
"We will produce drinking water in Mandalika from a desalination plant. And the island will be powered by solar energy plants," he added.
The minister said the green infrastructure should attract world-class investors to the island's special economic region.
"The KEK in Mandalika can be a model for similar development in other regions in Indonesia," he added.
Arief said the Indonesian Tourism Development Corporation can play the role of a regional council in Mandalika.
"The council will be working with local communities to keep the social and economic climate healthy and protect the environmental integrity of the area," he said.
"If the KEK thrives in Mandalika, local communities will be able to enjoy many sustainable benefits," he added.
http://jakartaglobe.id/business/property-association-maps-investment-plans-mandalika/
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