Indonesia's Economy, Political, Social, and Science Development Thread

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Serbia seeks to forge strategic partnership with RI
Yohanna Ririhena, The Jakarta Post

Media visit: The Jakarta Post’s chief editor, Meidyatama Suryodiningrat (left), welcomes Serbian National Assembly Speaker Nebosja Stefanovic during a Serbian parliament delegation visit to the Post in Palmerah, Jakarta on Tuesday. (JP/R.Berto Wedhatama)

Serbia is exploring opportunities to forge strategic partnerships with Indonesia, with a visiting lawmaker saying that the two countries can serve as hubs for their respective regions.

“We are very interested in a strategic partnership and we are trying to open the door to Indonesian investors,” Serbian National Assembly Speaker Nebosja Stefanovic said during the visit of a delegation from the Serbian parliament to The Jakarta Post on Tuesday.

Serbia is trying to open direct trade links, as it is in need of Indonesian palm oil, rubber and tea, which it has to date purchased through Rotterdam, the Netherlands. “It is more expensive. Why should we pay double prices?”

He added that Serbia, with a potential market of 8 million, could also serve as a hub for Indonesia as it seeks to penetrate the wider European market.

Serbia hoped to boost cooperation mainly in agriculture, energy and tourism, according to Stefanovic, who said that Indonesian tourists arriving in Istanbul, Turkey, could connect to Belgrade-Montenegro-Ljubljana-Bosnia.

Stefanovic also referred to the close ties between Indonesia and Serbia when president Soekarno and Yugoslav president Josip Broz Tito initiated the Non-Aligned Movement.

“Indonesia stood by us in the difficult times. Therefore, we should try to find our old friends,” he added.

Stefanovic described Serbia as a nation of several religions, where people of different beliefs lived side by side and where minorities held positions in government and parliament.

Serbia has been attempting to drum up support for its stance on Kosovo. “We are trying to explain that the issue is not about religion,” Stefanovic said.

Serbia’s continued refusal to recognize Kosovo’s independence has undermined Serbia’s path to join the EU. The nation submitted an application to join the EU in 2009. However, the talks on its accession can only start after Serbia normalizes ties with Kosovo.

There were signs of movement earlier this year when Serbia hinted at a de facto acknowledgement of Kosovo’s sovereignty by demanding rights for the Serbian minority there.

“We are trying very hard to find a solution to this issue. The good thing is that we have a good understanding within our society,” Stefanovic added.

During his four-day visit, Stefanovic met with House of Representatives Speaker Marzuki Alie, People’s Consultative Assembly Speaker Taufiq Kiemas, chairman of the Regional Representatives Council Irman Gusman and several ministers.

Indonesia-Serbian legislative bodies signed a memorandum of understanding (MoU) to increase cooperation and exchange experiences in making effective laws.

Bilateral Praise as Tony Blair Stops by Jakarta
Jakarta Globe | March 21, 2013

Former British Prime Minister Tony Blair, left, is greeted by Indonesia\'s President Susilo Bambang Yudhoyono in Jakarta on Wednesday. (EPA Photo/Mast Irham)

President Susilo Bambang Yudhoyono met with former UK Prime Minister Tony Blair at the State Palace in Jakarta on Wednesday to discuss ways to strengthen ties between the two countries.

In his address, Yudhoyono said thateven after ending his term as prime minister, Blair had made a significant contribution to world peace and many other global issues.

“I have been following your hard work and contribution to the world, more specifically to the Middle East and the issue of climate change, development issues and others. I hope that [Indonesia and the UK] can continue to make our contribution to the security and prosperity of the world,” the president said.

Yudhoyono told Blair he hoped his country was also monitoring the developments and challenges Indonesia faced.

“I would like to hear your view on ways to increase our partnership,” he told Blair.

Blair praised Yudhoyono on his visit to Britain in October and Indonesia’s achievement in maintaining a strong economy. “I heard that Indonesia’s economic growth reached 6.2 percent. Even Europe could not achieve this,” he said.

Britain’s Prime Minister David Cameron and Yudhoyono signed a string of agreements on trade, defense and education during the latter’s visit to London.

They also announced a 7.5 billion pound ($12.1 billion) deal for BP to develop liquid natural gas in Indonesia, and signed an agreement strengthening links between the two countries’ universities.

Following the October visit, Defense Minister Purnomo Yusgiantoro met with his British counterpart, Philip Hammond, in Jakarta and days later Indonesia sent a team to London to negotiate the purchase of warships from Britain

Hammond told the Financial Times recently that he was hopeful defense sales could form a key part of last year’s pledge by Cameron and Yudhoyono to double bilateral trade by 2015.

 

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Yudhoyono, Blair discuss Syrian conflict
March 2013 23:23 |


Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono held talks with former British prime minister Tony Blair on Wednesday evening to discuss a solution to a protracted Syrian conflict, Foreign Minister Marty Natalegawa said.

Blair is concerned about the Syrian conflict which has shown no signs of abating, Marty said following the meeting at the presidential office here.

At the 30-minute meeting, Blair underscored the need to find an immediate solution to the protracted conflict, he said.

"What`s likely is a form of solution which may not be 100 percent optimum. However, there must be at least a kind of framework to settle it," he said.

But Blair who is now the special envoy of the Quartet of Middle East peace mediators has yet to come up with a proper formula to help settle the Syrian conflict, he said.

After all, Blair expressed hope that Indonesia would play a bigger role in helping resolve the Syrian conflict, he said.

"He is convinced that Indonesia, with its influence and capacity, can continue to contribute to the settlement of the issue in the Middle East," he said.

At the meeting, President Yudhoyono stressed three main principles with regard to the Syrian conflict.

"They are putting an immediate halt to violence, extending humanitarian aid, and pursuing political process," he said.(*)
Editor: Heru

COPYRIGHT © 2013

 

[Reashot Xigwin]

Indonesia, Suriname set for stronger cooperation
The Jakarta Post, Jakarta | World | Tue, March 19 2013, 9:33 AM

Bilateral talks: Foreign Minister Marty Natalegawa (right) talks to his Suriname counterpart, Winston G. Lackin, at his office in Jakarta on Monday. During their meeting, they discussed various bilateral issues as well as regional and multilateral cooperations. JP/Ricky Yudhistira

Indonesia and Suriname underlined historical ties as a strong basis for a closer relationship and committed to expand trade cooperation, agriculture and culture.

Foreign Minister Marty Natalegawa and his Suriname counter-part, Winston G. Lackin, agreed to strengthen relations by developing multi-aspect cooperation, during their meeting at Gedung Pancasila in the foreign ministry complex in Jakarta on Monday.

“We have committed to develop our already good relations,” Marty said after bilateral meeting.

He noted that the visit of Suriname’s foreign minister was timely to boost the two countries’ cooperations. The last visit of Suriname’s foreign minister to Jakarta was in 1993.

Lackin said Indonesia and Suriname had a special relationship, dating back to the migration of Indonesians to Suriname in 1890. “A large part of the Surinamese population have Indonesian ancestry. We have been blessed by the richness of your culture, history and religion. This is a strong basis to develop further cooperation,” Lackin added, saying that Suriname is interested in observing Indonesia’s experience in developing its agriculture sector.

Both ministers signed a memorandum of understanding (MoU) on joint activity between the foreign ministries, strengthening bilateral consultation and communication.

The ministers also agreed to develop technical cooperation such as providing training for teachers who taught the disabled, training in the gas and oil sector, education and sports.

In an effort to intensify people-to-people contact, Lackin will also pay a courtesy call to Yogyakarta Governor Sultan Hamengkubuwono X on Tuesday and will discuss further cooperation between Yogyakarta and Suriname’s Commewijne, which became sister cities in April 2011.

About 15 percent of Suriname’s population has Javanese descent. Some of Suriname’s cabinet ministers, such as interior, trade, agriculture, sports, planning, land and forestry management, technology and environment, are of Javanese descent.

Bilateral trade in 2012, according to Indonesian data, reached US$ 8.9 million. Indonesia’s exports to Suriname in 2012 was $7.1 million while imports was $1.8 million, a $5.3 million surplus for Indonesia.

Indonesia, Suriname set for stronger cooperation | The Jakarta Post

 

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best luck.............................

many thanks man, best luck to you too.

 

[Roll in deep]

Indonesia growth will be 6.8% this year, it should replace the "I" in BRICS.

 

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Indonesia growth will be 6.8% this year, it should replace the "I" in BRICS.

Thank you very much for your confidence to us bro. But I think Indonesia can contend the BRICS without replacing anyone in there, besides, Indonesia is in a new economy group called MIKT, consisted of Mexico, Indonesia, S. Korea, and Turkey. And along with Turkey, Indonesia has become a direct contender to BRICS Indonesia and Turkey top Brics contenders | Business Times | BDlive

 

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Indonesia growth will be 6.8% this year, it should replace the "I" in BRICS.

What is the GDP of Indonesia? lol replacing I in BRICS for just one year growth...

 

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Developers Support Underground Regulation
BY MUHAMMAD RINALDI

Jakarta underground tunnel

JAKARTA – Property business welcomed draft of Public Works Ministry Decree on underground area use. Beside to support tunnel and underground train, the decree will also support underground property development to reduce traffic in business districts.

Teguh Satria, President of International Real Estate Federation (FIABCI) of Asia Pacific, said that it is time for Indonesia to have such regulation. He said similar regulations are already implemented in several main cities in Singapore and Spain. (*)

What is the GDP of Indonesia? lol replacing I in BRICS for just one year growth...

Relax, Indonesia never wished to replace anyone in any group. The rumor is widespread-ed by foreign analysts following the declines of Indian economy growth and the resilient of Indonesia economy growth in these recent years. But beside that, Indonesia's economy is yet to replace India in the BRICS who had been in the group for more than a decade, that's why instead of BRICS, Indonesia is in the MIKT, BRICS is still too big for Indonesia.

 

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Prudential Indonesia Contributes 24% to Asia
BY LUKMANUL HAKIM DAULAY

JAKARTA – Premium income contribution of PT Prudential Life Assurance (Prudential Indonesia) to its holding company, Prudential Plc, in Asian region increased to 24 percent from last year’s 23.3 percent. The higher contribution was driven by the company’s improved performance.

William Kuan, President Director of Prudential Indonesia, said that based on the annualized premium equivalent (APE), Prudential Asia’s premium revenue grew 14 percent to £ 1.9 billion or Rp 28.2 trillion (US$ 2.9046 billion). Prudential Indonesia accounts for 24 percent with a total value of £ 456 million or Rp 6.76 trillion.

 

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Gov't Welcomes Japan's Investment of US$ 350 M in Steel Industry
BY DUSEP MALIK

More investments in steel downstream sector (Finance Today/Stanlie)

JAKARTA – Indonesian government permits foreign investment from Japan with total value of US$ 350 million earlier this year. MS Hidayat, Minister of Industry, said the investment permit is government’s commitment to encourage investment in downstream sectors.

Hidayat added the investment permit given to iron and steel sector is to support automotive industry which is currently growing rapidly. The investment in iron and steel sector is worth US$ 350 million.

Previously, Prime Minster of Japan, Shinzo Abe said that Japanese government is committed to boost trade and investment in Indonesia. Japanese government is very interested to help Indonesia overcome infrastructure, and flood reconstruction issues.

Japan is also very interested to help Indonesia develop Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI) projects. The sector that is highly attractive is the infrastructure projects in Jakarta, such as railway system, Mass Rapid Transit (MRT), and construction of Cilamaya international port.

Abe disclosed that the high interest of Japanese government to invest and strengthen commercial relationship is based on the implementation of ASEAN Connectivity in 2015. “Japan sees that Indonesia will play important role in the region so the economy runs well, and it will also give positive impacts to ASEAN. Japan sees ASEAN as an important region,” he asserted.

Meanwhile, Azhar Lubis, Deputy Chairman of Investment Coordinating Board (BKPM), said this year, there have been three investment proposals from Japan, particularly in iron and steel sector. The first proposal that has been approved is the steel investment for automotive worth US$ 350 million located in Bekasi, West Java.

On the other hand, the other two investment proposals which are still in initial approval phase are iron and steel investment for buildings with total value of US$ 100 million in Cilegon, Banten, and for automotive with total investment reaching US$ 300 million in Cilegon, Banten. “It has not been ascertained whether the actualization will be in this year or not,” Azhar said. (*)

 

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Come now, or it will be too late, India tells RI investors
Linda Yulisman, The Jakarta Post | Headlines | Fri, March 22 2013, 8:44 AM



The Indian investment agency has warned Indonesian businessmen to join their Asian peers and invest in the South Asian country before they miss out.

Anupam Srivastava, the managing director of investment promotion agency Invest India, said on Thursday that Indonesian firms lagged behind their Southeast Asian peers in seizing sizeable investment opportunities in the world’s second-most populous nation of 1.2 billion inhabitants.

“Indonesian companies need to take a hard look at the competitive Indian market now and understand that if they come too late, the market will be saturated with big players,” Srivastava told The Jakarta Post on the sidelines of the India-Indonesia Investment Roundtable in Jakarta.

The flow of foreign direct investment (FDI) would expand bilateral trade exponentially through the creation of additional production facilities in India, thus, considerably affecting its ability to sell in the country, Srivastava further said.

“The current trade figure of almost US$20 billion will be easily increased to $50 billion or $70 billion if the investment of between $5 billion and $10 billion is made,” he noted.

Bilateral trade between Indonesia and India totaled $16.8 billion last year, down 4.85 percent from a year earlier. Both countries have set a target of attaining $25 billion by 2015.

The Indian government offers a number of fiscal incentives to foreign investors including lower import duties on capital goods and technical equipment and import, lower corporate income tax, particularly for companies operating in economic zones as well as special incentives for manufacturing firms setting up facilities across different sectors in the country.

Indian investors have a strong presence in Indonesia across a wide array of sectors including automotive; banking; energy; food processing; infrastructure; mining; oil and gas; and textiles. Both countries have signed a number of deals that plan investment totaling $16 billion in Indonesia over the next few years. India’s FDI reached $78.1 million in 58 projects last year.

With a gross domestic product (GDP) of $1.9 trillion at current prices, India is now the world’s 10th largest economy. The 2012 AT Kearney FDI Confidence Index put India as the second most attractive destination for FDI.

Srivastava said that Indonesian firms could tap into a wide range of areas: infrastructure such as the construction of roads and ports; food processing such as for marine products, which Indonesian firms show expertise; processing of plantation commodities like palm oil refineries; or manufacturing of automobile components.

Indian Ambassador to Indonesia Gurjit Singh said that the total investment opportunity in infrastructure alone could top $1 trillion within the next few years. In addition, the huge market should also serve as a strong incentive to lure Indonesian investors.

“I think there is a lack of awareness about the opportunities and insufficient contact between Indian and Indonesian counterparts. That’s what we are trying to improve. When they understand each other, they will find the opportunities,” he told reporters.

At present, Indonesia’s investment only values at several hundred billion dollars, and is limited to the food processing sector, according to Singh.

Bank Indonesia Official to Become IMF Executive Director

Wimboh Santoso

An official with Indonesia’s central bank, Wimboh Santoso, has been appointed a new executive director at the International Monetary Fund.

Wimboh currently serves as Bank Indonesia’s chief representative officer in New York.

“Pak Wimboh will become the IMF’s executive director for the Southeast Asia [voting] group,” BI director for strategic planning and public relations Difi Ahmad Johansyah told journalists on Friday in Jakarta.

“Pak Wimboh will be based at the IMF headquarters in Washington DC, starting from April 2013,” he added.

The position at the IMF was held in 2009 by Perry Warjiyo, who was recently elected to become a new deputy governor at BI. The position was also previously occupied by World Bank managing director Sri Mulyani Indrawati from 2002 to 2004, before she left it to become Indonesia’s finance minister in 2005.

Wimboh was BI’s executive director for banking research and regulation before he departed for New York in March 2012.

He has been noted for issuing the regulation on the prime lending rate for the Indonesian banking sector, which took effect in March 2011 and has since led to the decrease of interest rates at Indonesian banks.

Investor Daily, JG

China Railway interested in building monorail
BY NI KOMANG ERVIANI ON 2013-03-22

China Railway Corporation, the national railway operator in China, conveyed its excitement to invest in the construction of a monorail connecting all regencies in Bali, officials have said.

“China Railway came to me several months ago, requesting information related to the plan to build a monorail. They said that they were interested in investing in the project,” Bali Governor Made Mangku Pastika said recently.

Pastika added that officials from China Railway said that they needed time to calculate whether the project would be feasible or not. “They have yet to come to convey their conclusion, whether they will invest or not,” he added.

The Bali administration would encourage China Railway to invest in the construction of the monorail. “I will try to ask them. We hope that they will invest in the project,” Pastika said.

The idea to construct a railway system in Bali first emerged in 2009 based on the premise that Bali had no integrated public transportation system to enable tourists to reach all corners of Bali, including its faraway villages, outside Kuta, Sanur and the southern parts of Bali. As well as being for the benefit of local people, the monorail would also be designed for tourists.

Unfortunately, the plan folded and was filed away due to a study conducted by the state-owned railway company, PT KAI, revealing it to be impossible due to cost and technical issues. The study demonstrated that it was not feasible to build a railway system in Bali due to the very high price of land. The study estimated that the monorail project would cost Rp 17 trillion (US$1.74 billion).

Despite the study’s result, the provincial administration insists on continuing with the plan through private investment. The Bali administration was hoping to establish a public-private partnership to develop the project.

Pastika said that the monorail project was the new solution to provide good quality mass rapid transport on the island, as well as to boost equitable development throughout the island.

Pastika added that he hoped the severe congestion in southern Bali would be solved by the monorail. Giving an example, Pastika said that many tourists were now worried about making trips to Ubud, as they couldn’t predict how many hours would be needed from Ubud to the airport.

“This is a problem. A monorail that also serves Kuta-Nusa Dua, for example, would be very useful for the development of Ubud tourism,” Pastika said.

Head of the Indonesian Tour and Travel Agency Association (ASITA) in Bali, Ketut Ardana, expressed his support for the monorail plan.

“The idea to build a monorail is absolutely good. We warmly welcome the realization of that plan,” Ardana said.

Ardana explained that the new facility would be a good transportation mode for Bali round-trip packages for tourists. “Many tourists are actually eager to visit other places on the island, besides south Bali. They are even excited to stay in hotels in other parts of Bali, such as north Bali.

But the long trip usually makes them cancel their plan. So, the monorail would be very good to manage their time while in Bali,” Ardana said.

The monorail, he said, would also help develop tourism and other economic sectors throughout Bali, which is now concentrated in the south.

 

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Lion Air’s Breakthrough
Bisnis Indonesia
March 2013 20:18

Global aviation industry sees Indonesia as a big market potential. In addition to passenger growth in line with the increasing population, as sustained by a good economic growth, Indonesia becomes a hero for aircraft manufacturing countries, such as Boeing and Airbus.

It pleases Boeing and Airbus because after purchasing 230 units of Boeing aircraft two year ago, one of Indonesia’s national carriers Lion Air purchased 234 units of Airbus aircrafts with contract value of US$24 billion. This is a transaction with fantastic value and the largest in history.

Lion Group CEO Rusdi Kirana and Airbus President & CEO Fab*rice Bregier signed the purchasing agreement as witnessed by France President Francois Hollande in the President Palace, Elysee Palais, Monday (3/18).

Indonesia as a hero for other countries was reflected from Hollande’s speech who said that the contract between Airbus and Lion Air is a clear evidence of the close economic cooperation between Indonesia and France. “Indonesia is one of Asia’s strong economies with economic growth above 6%,” he said while giving a speech.

The French President emphasized the procurement contract for 234 aircrafts opens 5,000 employment opportunities for the next 10 years. Indonesia came to rescue with an outstanding purchasing amid financial difficulties in France and Europe in general. Understandably, the demand from Europe and the US continues to drop following the decline in their economies.

He openly admitted that the Indonesian company indirectly provides valuable contribution for Europe's financial restructuring. Lion Air purchased A320neo series (a total of 109 units), A320ceo (60 units), and A321neo (65 units).

The carrier has also conducted a breakthrough in November 2011. It purchased 230 units of Boeing aircraft worth US$21.7 billion. Around 201 units are B-737 MAX type and the other 29 aircrafts are Next Generation 737-900 ERs.

The agreement allows Lion to order 150 more aircrafts worth US$14 billion.

The national aviation industry can be proud among worldwide aviation industry. The prolonged economic turmoil in Europe and United States and increased fuel price becomes a huge challenge for world’s aviation industry.

International Air Transport Asociation (IATA) predicted that the world airline industry profits will drop significantly this year. it’s already great to maintain the business itself rather than being able to buy new aircraft and expand services. The industry should save more budget.

For Indonesia aviation industry, we need to prepare the infrastructure completeness and human resources reliability in order to sustain such a large business. Amid growing economic condition which gave birth to new upper-middle class, the vast area also become the main issue.

The infrastructure issue has become a tough chose for a long time. Let’s take a look at large airports in various cities across Indonesia. We will see a very long queue. This is what needs to be addressed.

The human resource also becomes a tough challenge. The increasing passenger, increasing number of new aircrafts, and overloaded passenger terminal have urged the airport management to build a new, larger terminal. Therefore, it requires human resources to manage it.

Year by year, the human resource requirements for the aviation sector is always increasing, reaching several thousand number and are spread in various sectors.

According to the data from the Ministry of Transportation, Indonesia requires additional 500 to 1,00 pilots, 500 ATC personnel, and 100 aircraft technicians each year.

Bisnis Indonesia suggested that the Ministry of Transportation to keep opening schools in aviation field and cooperating with private sectors to meet human resources demand so that we are stronger to compete in the global marketplace. (T06/T07/aph)

 

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"Thank You from Airbus" - Mr. Rusdi Kirana's arrival at Airbus manufacturing site.

 

[Reashot Xigwin]

Yudhoyono kicks off Indonesia's largest port project

By Nurfika Osman
The Star/Asia News Network
Saturday, Mar 23, 2013

JAKARTA - State run port firm Pelindo II, also known as the Indonesian Port Corporation (IPC), on Friday kicked off the development of the Kalibaru Port in North Jakarta, which is to become the country's largest industrial port.

President Susilo Bambang Yudhoyono led the ground breaking ceremony marking the start of the Rp 22.66 trillion (US$2.47 billion) project. Transportation Minister E.E Mangindaan, Coordinating Economic Minister Hatta Rajasa, State Owned Enterprises Minister Dahlan Iskan, Public Works Deputy Minister Achmad Hermanto Dardak, Jakarta Governor Joko "Jokowi" Widodo and IPC president director Richard Joost Lino also joined the ceremony.

In his address, Yudhoyono said that the Kalibaru Port, which would have capacity of handling 13 million 20-foot containers, was crucial to remove logistic bottlenecks in the country.

"Every infrastructure project whether it is a road, airport or port such as Kalibaru or the New Priok Port that begins [construction] today, is very important because it will further boost Indonesia's economy. Thus, this will improve our competitiveness in the world," he said.

He urged the IPC to finish the project on time and operate it professionally because logistics costs should be reduced so that the prices of goods shipped to eastern parts of Indonesia could be lowered.

Armed with a presidential decree issued in April last year, the IPC is the sole developer of the project, which is to be constructed in three phases.

In the first phase, the firm will construct three container terminals with a total capacity of 4.5 million 20-foot equivalent units (TEUs) and two fuel berths that are expected to be completed by the end of 2017.

Each terminal will have a draft of 16 meters, allowing a container ship with a capacity of up to 8,000 TEUs to dock.

In the future, the draft will be deepened by up to 20 meters to cope with much larger ships such as those with 18,000 TEUs.

"This is a historical moment for Indonesia because we have not expanded [the existing] Tanjung Priok Port for 130 years despite container traffic increasing at around 24 per cent annually. We are committed to providing the best service in this port and to reducing dwelling time from 6.2 days to 3 days," Lino said.

The port is part of the so-called Nusantara Pendulum, the nation's main sea corridor connecting six ports, including those in Belawan, North Sumatra, and Makassar, South Sulawesi.

The firm has secured a concession right of 70 years to operate the port adjacent to Tanjung Priok Port.

The concession right is shorter than the 99 years demanded by Pelindo II, but the Transportation Ministry had given the company the option to renew the contract for an additional 25 years.

Kalibaru initially began as part of a plan to expand Tanjung Priok Port through the construction of new terminals that would have a capacity of 1.9 million TEUs.

However, as part of the Master Plan for the Acceleration and Expansion of Indonesian Economic Growth (MP3EI), the government decided to expand the terminals into a port and appointed the IPC as the sole project developer.

Moreover, Lino stated that state-owned publicly listed highway company Jasa Marga planned to construct a 7-kilometer toll road connecting Marunda Logistics Park to the new port, expected to be finished before 2016.

The platform will allow logistics companies to monitor and arrange container traffic, documentation and payment.

Yudhoyono kicks off Indonesia's largest port project


Indonesia to Operate 12 New Airports
Markus Junianto Sihaloho | March 19, 2013

A construction site of Kuala Namu airport in North Sumatra. (Photo courtesy of Jaya Construction) A construction site of Kuala Namu airport in North Sumatra. (Photo courtesy of Jaya Construction)


Indonesia is ready to operate 12 new airports across the country as part of a plan to boost economic growth, a minister said on Tuesday.

“The government will start operating nine new airports in the eastern part of Indonesia and three more in the western part in 2014 and 2015,” Transportation Minister E.E.Mangindaan said on Tuesday.

Mangindaan said the new airports included the long-overdue Kuala Namu International Airport in North Sumatra and the Waisai Raja Ampat airport in Papua.

The minister said the plan would help accelerate the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI).

President Susilo Bambang Yudhoyono has sought to accelerate projects focused on revitalizing services and developing new infrastructure. Last year, the Yudhoyono inaugurated eight projects, all part of the MP3EI, with a total investment value of $15.8 billion ($1.7 million).

The projects include a floating storage and regasification unit in West Java; enhanced oil recovery projects from Pertamina EP, Pertamina Hulu Energi and Pertamina EP Cepu; and gas processing plants in Sungai Kenawang and Pulau Gading.

MP3EI is a 15-year, Rp 4,000 trillion infrastructure blueprint.

http://www.thejakartaglobe.com/business/indonesia-to-operate-12-new-airports/580775

 

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Indonesia Potential to Enter Top 5 of Ericsson's Global Business
BY APRILLIA IKA

JAKARTA - Telefonaktiebolaget LM Ericsson (Ericsson), global telecommunication (telecom) infrastructure and network provider company, estimates Indonesia will enter top five countries contributing largely towards Ericsson’s business worldwide. The business growth is driven by high telecom data service growth.

In the fourth quarter of 2012, Ericsson’s revenue amounted to € 7.21 billion, up 1.4 percent from 2011’s € 7.11 billion. The net profit amounted to € 169.9 million. Ericsson acquired 27 percent market share in world’s telecom infrastructure business.

Indonesia Potential to Enter Top 5 of Ericsson's Global Business - Indonesia Finance Today