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Six Indonesian films screened at Busan intl festival

There're seven actually, with Headshot being the last. But only 6 films are sponsored by Bekraf.

'Headshot': Busan Review
If ever a film took its title literally, it’s this one. Many guns are fired at many heads, along with numerous more creative methods of dispatching the supporting cast. This martial arts action picture from Indonesian genre specialists The Mo Brothers racks up a body count of several dozen even before the opening titles. Starring Iko Uwais (The Raid, The Raid 2) and his Raid co-star Julie Estelle, this is picture with first-rate fight choreography to match the quality of the martial arts talent involved.

http://www.screendaily.com/reviews/headshot-busan-review/5110226.article
 
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Low Cost Green Car Boosts Indonesia's 2016 Car Sales

12 October 2016

Car sales in Indonesia grew 2.4 percent to around 783,000 vehicles in the first nine months of 2016 from 764,000 units sold in the same period one year earlier. Improving car sales this year are attributed to the launch of new low cost green car (LCGC) models - including the Toyota Calya and Daihatsu Sigra - at the Gaikindo Indonesia International Auto Show 2016, held between 11-21 August 2016 near Jakarta. Demand for both models, distributed by the Astra Group, is high, reflected by the two-month waiting list.

Due to the warm response of the market for the new LCGC vehicles, Astra International's market share in Indonesia's automotive market has grown to 54 percent (from 50 percent in 2015).

Jongkie Sugiarto, Chairman of the Indonesian Automotive Industry Association (Gaikindo), informed that car sales in Indonesia are much better this year compared to 2015 and therefore he is optimistic that Gaikindo's 2016 target can be achieved. In full-year 2016, Gaikindo targets to see Indonesian car sales rise by 5 percent year-on-year (y/y) to 1.05 million vehicles.

He mentioned that there are three factors that push Indonesia's car sales higher this year. Firstly, the macroeconomic environment of Indonesia has improved. In 2015 gross domestic product (GDP) of Indonesia expanded 4.7 percent (y/y). This year domestic and international institutions see Indonesia's GDP growing in the range of 4.9 - 5.1 percent, effectively ending the economic slowdown that occurred in the years 2011-2015. Higher economic growth boosts people's purchasing power and therefore demand for cars is rising.

Secondly, Gaikindo has been enthusiastically organizing car shows in Jakarta, Surabaya and Makassar this year, hence attracting more car buyers, particularly men. Lastly, new LCGC vehicles - launched this year - have boosted car sales in Southeast Asia's largest economy. The LCGC are affordable and fuel efficient cars that were introduced to the Indonesian market in late-2013 after the central government offered tax incentives to those car manufacturers that meet the requirements regarding fuel efficiency targets. Since the launch nearly three years ago, these LCGCs gained popularity in Indonesia's car market, currently accounting for nearly 20 percent of total Indonesian car sales.

The multipurpose vehicle (MPV) and sport utility vehicle (SUV) are - by far - the most popular vehicle types in Indonesia as they can carry up to seven passengers. These car types make it easier for families to go traveling together.

In September 2016 a total of 92,000 cars were sold in Indonesia, down 0.5 percent compared to car sales in the same month last year, according to the latest data from Gaikindo.(*)

*)See source for table

http://www.indonesia-investments.co...ar-boosts-indonesia-s-2016-car-sales/item7263
 
Economy in brief: Russian firm to develop train track
  • The Jakarta Post
Jakarta | Wed, October 12 2016 | 09:35 am
Jakarta: A Russian company is interested in developing a passenger and freight train track linking Samarinda and Balikpapan in East Kalimantan, a top official said Tuesday.

Transportation Minister Budi Karya Sumadi said an executive of Russian transportation and infrastructure firm JSC Russian Railways (RZD) had expressed interest during a meeting with the ministry last week.

RZD has secured a permit to develop a railway in the province, with the original intent to transport coal. However, with the uncertainties relating to coal prices, the company is now looking to use the track to transport passengers instead.

He also said the Indonesian government welcomed the Russian company’s participation in infrastructure projects in the country due to the government’s budget constraints. — JP

http://www.thejakartapost.com/news/2016/10/12/economy-brief-russian-firm-develop-train-track.html
apparently russian company also want to join in the rush in indonesia....
 
Madame Tussauds to Feature Jokowi
Tempo - 12 October 2016

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Wax figure of Indonesia's first president Sukarno


A wax figure of President Joko 'Jokowi' Widodo will be featured in Madame Tussauds Hong Kong next year. Palace staff said that a team from the wax museum met with the president who agreed with their proposal.

"The team met with the President and held an interview, took pictures. The plan is to make a wax figure [of Jokowi] for the museum," the State Palace's spokesperson Johan Budi SP said in Jakarta, Wednesday, October 12, 2016, Bisnis Indonesia reported.

In a joint press conference with Madame Tussauds Hong Kong general manager Jenny You and the Indonesian Consulate General for Hong Kong Tri Tharyat, Johan said Widodo wants his wax figure to "appear natural", as the actual man usually does. Johan also said Jokowi was surprised by the offer.

"The President wants to look as he normally would—wearing his every-day, rolled white shirt," Jenny said.

Meanwhile, Jenny said that President Jokowi was chosen to be immortalized in the wax museum based on a survey that was done in the past year on visitors..

"The wax figure creation process will take about six months," Jenny said.

http://en.tempo.co/read/news/2016/10/12/240811717/Madame-Tussauds-to-Feature-Jokowi
 
Indonesia, Romania strengthen economic ties

JakartaPost - 12 October 2016

Indonesia and Romania have agreed to boost economic ties through the signing of a cooperation agreement between the chambers of commerce and industry of the two countries during the visit of Romanian Foreign Minister Lazăr Comănescu to Jakarta.

“The fact is, last night, upon my arrival to Indonesia, the chamber(s) of commerce and industry from both Indonesia and Romania have signed a memorandum of understanding on their cooperation. The agreement has opened up the path for both chambers to diversify contact between business players from both countries,” Comănescu said following a bilateral meeting with his Indonesian counterpart, Foreign Minister Retno LP Marsudi, in Jakarta on Wednesday.

Comănescu brought a team of business delegates from various industries, including energy, construction, customer goods and agriculture. While in Indonesia he is also participating in the Trade Expo Indonesia 2016. Trade between Indonesia and Romania reached US$117.64 million in 2015.

Comănescu's visit to Indonesia is the first from a Romanian foreign minister since relations between the two countries were established 66 years ago.

Both Retno and Comănescu highlighted the potential for strengthening cooperation in infrastructure development.

“There is a possibility for our two countries to strengthen bilateral relations in infrastructure because it is one of the priorities of the Indonesian government,” Retno said.

Comănescu is set to meet with Transportation Minister Budi Karya Sumadi to discuss possible forms of cooperation.

The two countries have expressed mutual support for a non-permanent seat on the UN Security Council. Indonesia hopes to secure a seat for the 2019-2020 term, while Romania is eyeing a seat for the 2020-2021 term. (ebf)

http://www.thejakartapost.com/news/2016/10/12/indonesia-romania-strengthen-economic-ties.html
 
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we should do better than India in coming years

My dear sister... we are already better than india... please take a closer look at the number... vietnam from 9,5 up to 15,1... india from 36,3 down to 36,1... china from 33,5 down to 30,0... our beloved country, indonesia from 19,4 up to 28,3...
 
My dear sister... we are already better than india... please take a closer look at the number... vietnam from 9,5 up to 15,1... india from 36,3 down to 36,1... china from 33,5 down to 30,0... our beloved country, indonesia from 19,4 up to 28,3...

In a sense, yes. But in absolute number we're still lagging behind. The growth is admirable though.
 
My dear sister... we are already better than india... please take a closer look at the number... vietnam from 9,5 up to 15,1... india from 36,3 down to 36,1... china from 33,5 down to 30,0... our beloved country, indonesia from 19,4 up to 28,3...

still the numbers wouldn't lie, we are lagging behind India
 
Huge investment and hope huge purchase...:welcome:
Lets overlap them...


Raja Salman ke Indonesia 15 Oktober

Putera mahkota Saudi akan membeli lahan sepuluh ribu hektare buat membangun resor di Sumatera Barat.

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Raja Arab Saudi Salman bin Abdul Aziz. (Arab News)


Raja Arab Saudi Salman bin Abdul Aziz dijadwalkan berkunjung ke Indonesia pada 15 Oktober mendatang.
Muhammad Hasan, Ketua Komite Bilateral Kadin (Kamar Dagang dan Industri) Indonesia Timur Tengah, menjelaskan Raja Salman akan datang selama dua atau tiga hari. "Dia direncanakan datang pada 15-17 Oktober nanti," katanya kepadaAlbalad.co melalui telepon selulernya hari ini.

Dia menambahkan rombongan Raja Salman akan terdiri dari empat jet pribadi dan bakal mendarat di Bandar Udara Halim Perdanakusuma, Jakarta. Raja Salman bakal datang ditemani Putera Mahkota sekaligus keponakannya Pangeran Muhammad bin Nayif.

Muhammad Hasan bilang dalam lawatan kenegaraan Raja Salman itu, kedua negara bakal meneken nota kesepahaman untuk empat proyek besar, yakni kilang minyak di Cilacap, kilang gas di Jambi, wisata di Sumatera Barat, dan pembelian persenjataan dengan PT Pindad.

Dia mengatakan proyek beli senjata oleh Saudi dari Pindad sudah berjalan namun dia mengaku tidak tahu detailnya. Untuk proyek wisata di tanah Minang, Pangeran Muhammad bin Nayif bakal membeli lahan seluas sepuluh ribu hektare untuk membangun resor.

Muhammad Hasan mengakui pemerintah tadinya menyediakan jadwal bagi lawatan Raja Salman pada 5-7 Oktober. Jika jadi, ini bakal jadi kunjungan pertama raja Saudi dalam 46 tahun terakhir setelah lawatan Raja Faisal pada 1970.

Menurut dia, rencananya rombongan Raja Salman akan diarak dari Bundaran Hotel Indonesia menuju Taman Monumen Nasional.

Dihubungi terpisah, Direktur Timur Tengah Kementerian Luar Negeri Nurul Aulia mengakui Raka Salman memang direncanakan ke Indonesia bulan ini. Tapi dia belum bisa memastikan jadwal pastinya

albalad.co


Backed up by this great Indonesian woman....

Sri Mulyani Jadi Perempuan Pertama Dalam Sejarah Pemimpin Komite Pembangunan Bank Dunia

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Sri Mulyani, Menteri Keuangan Republik Indonesia yang juga merupakan mantan Managing Director Bank Dunia ini tidak henti – hentinya mendulang prestasi tinggi yang membanggakan. Setelah masuk dalam jajaran 100 tokoh perempuan paling berpengaruh di dunia pada 2016 lalu, Sri Mulyani kembali didapuk untuk menduduki suatu posisi yang sangat prestisius.

Ketika memimpin delegasi Indonesia dalam rangka pertemuan tahuan bank dunia dan International Monetary Fund (IMF), Sri Mulyani juga memiliki peran sebagai Ketua Komite Pembangunan (Development Committee) Bank Dunia. Hebatnya lagi, ini adalah pertama kalinya dalam sejarah kepemimpinan Komite Pembangunan Bank Dunia dipegang oleh seorang perempuan.

“Pertama kalinya dari 70 tahun lebih World Bank didirikan, Development Committee dipimpin oleh menteri perempuan yakni saya,”ujar Sri Mulyani seperti dilansir kompas.com, Rabu, 12 Oktober 2016. Dalam pertemuan yang dihadiri oleh 25 anggota yang terdiri dari Menteri Keuangan, Menteri Ekonomi atau Menteri Pembangunan yang mewakili 129 negara anggota Bank Dunia tersebut Sri Memimpin pembahasan yang fokus kepada pemberian bantuan kepada negara – negara anggota. Misalnya adalah melakukan sinergi kebijakan ekonomi dibidang moneter, fiskal dan reformasi struktural dengan tujuan untuk mendorong pertumbuhan ekonomi dan penciptaan kesempatan kerja.

Selain itu, Development Committee juga membahas sejumlah agenda pembangunan global yang menjadi prioritas, seperti pertumbuhan ekonomi berkelanjutan, pengentasa kemiskinan, transformasi ekonomi, pendanaan perbuahan iklim dan sebagainya. salah satu hasil dari pertemuan ini adalah meminta Bank Dunia untuk membangun kolaborasi yang kuat dengn bank pembangunan lain dan menyambut baik diluncurkannya Global Infrastructure Connectivity Alliance di negara – negara G20 yang diinisiasi oleh Indonesia.

kompas.com
 
Talking about Indonesia and India ...

The two countries which have shed the 'fragile five' tag

by Dalvinder Kular, 12 October 2016

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India and Indonesia are no longer members of the ‘fragile five’ thanks to political changes which have transformed their economies.

That is the view of Wim-Hein Pals, who is head of emerging market equities at Robeco, and Citywire A-rated Karnail Sangha.

In an investment update, the managers said India's election of Narendra Modi and Indonesia electing Joko Widodo in 2014 meant the countries had regained control of their budget deficits, inflation and currencies.

‘While Brazil, Turkey and South Africa are still considered fragile because they are heavily dependent on foreign money, have weak currencies and are struggling with political unrest and/or corruption, India and Indonesia have recovered well.

‘They have learned their lesson. Modi and Widodo didn't opt for quick populist measures, but implemented thorough and unpopular reforms which will have lasting benefits for their countries,’ they said.

Both managers have substantial holdings in the two countries. Sangha, who runs the Robeco Emerging Markets Smaller Companies Eq fund, devotes 3.7% to Indonesia and India is the fund’s largest holding at 20.5%.

Meanwhile Pals, who runs the Robeco Emerging Markets Equities fund, has 12.9% of the fund exposed to India and allocates 4.2% to Indonesia.

Both managers said Indonesia and India are unaffected by strong headwinds affecting other emerging market countries.

‘Neither the Indian or Indonesian economies are dependent on exports to China and have therefore suffered less as a result of the economic slowdown there than other emerging countries such as South Korea,’ the managers said.

‘They are also not raw material exporters to the extent that Brazil and South Africa are, so the significant fall in commodity prices like iron ore, oil and gold has not affected them so negatively.’

Indonesia on the up

As an exporter of rubber and palm oil, Indonesia has been negatively impacted by the fall in commodity prices. Pals and Sangha believe the Indian economy is therefore performing better.

‘The necessary investment in freeways, railway and subway lines, ports and airports have been made, but it will be a few years before the Indonesian economy sees the benefits,’ Pals said.

In terms of holdings, Pals recommended focusing on Indonesia’s increasingly affluent middle classes. He holds 1.96% of the fund in telecommunications company Telekomunikasi Indonesia.

‘For Indonesia these are financial service providers, telecom companies and retailers such as Bank Rakyat Indonesia, Telekomunikasi Indonesia and Matahari Department Store,’ Pals said.

Over three years to the end of September 2016, the Robeco Emerging Markets Equities fund returned 0.36% in US dollar terms. This compares to a rise of 2.43% by its Citywire-assigned benchmark, the S&P/IFCI Composite TR, over the same timeframe.

Meanwhile the Robeco Emerging Markets Smaller Companies Eq fund returned 10.42% in US dollar terms over three years to the end of September 2016. This compares to a rise of 4.82% by its Citywire-assigned benchmark, the MSCI EM Small Cap TR USD, over the same time frame.

http://citywireselector.com/news/the-two-countries-which-have-shed-the-fragile-five-tag/a957170
 
Indonesia's political elites loom large in the battle for Jakarta
6 October 2016 2:06PM
Zubaidah Nazeer, The Interpreter

The last person to be elected governor of Jakarta ended up President of Indonesia after two years which helps explain why the country's elites have so much invested in next year's election.

The three pairs of candidates vying to be governor and deputy are all backed by prominent politicians and reflect the power play between President Joko Widodo, his rival retired general Prabowo Subianto, and former president Susilo Bambang Yudhoyono.

The competition is as much about Jakarta’s old elites as the candidates themselves. Incumbent Basuki Tjahaja Purnama - better known by his nickname Ahok - and his running mate are backed by the ruling Indonesian Democratic Party for Struggle (PDI-P). Widodo ran on the PDI-P ticket to become Jakarta governor and president and there is interesting politics between him and the party's leader, former president Megawati Sukarnoputri.

Former education minister Anies Baswedan and businessman Sandiaga Uno are backed by a coalition of parties led by Subianto's Great Indonesia Movement (Gerindra). The third ticket, a surprise late addition, features Yudhoyono’s eldest son Agus Harimurti and running mate, veteran Jakarta bureaucrat Sylviana Murni. is backed by Yudhoyono’s Democrat Party.

Purnama has been governor of Indonesia's sprawling capital city – the beating heart of Southeast Asia's biggest economy – since 2014, when his predecessor, Widodo, moved on to the presidency. Before that, Widodo and Purnama played Jakarta's good cop and bad cop. Widodo took a more conciliatory approach to solving problems and left the tough talk to his deputy.

Purnama has honed his no-nonsense style over the last two years, upsetting some in the establishment but winning public support by showing his desire to improve life for the more than 10 million residents of Jakarata, a chaotic mega-city plagued by corruption, flooding and general bureaucratic incompetence.

He has improved public services. He has tried to enforce rules against waste dumping and illegal construction. Andhe has sacked some corrupt or underperforming officials.

Purnama's critics say he has pushed too far, attacking, for example, the vigour with which he demolishes slum settlements.

Some in the world's biggest Muslim majority nation have also taken aim at his religious and ethnic background: Purnama is an ethnic Chinese and a Christian.

But playing the race and religion card did not work in 2012, when Purnama won with Widodo and polling suggests it won't resonate this time either.

His two rivals are trying to highlight their very real differences from the incumbent.

Baswedan, the former education minister, is polite, officious and calm. He has been playing up his image as a 'good Muslim'. His running mate, Uno, is a private equity investor whose entry into politics has been somewhat gaffe-prone. The youthful-looking millionaire, who advised Subianto on economic policy during the 2014 presidential election, was forced into a clumsy apology early on in the campaign after photos of him wearing an unflattering tight tracksuit went viral.

Meanwhile Yudhoyono, who has been trying to carve out a role as a senior statesman since stepping down from the presidency in 2014, has put forward his eldest son Agus for the job. The 38-year-old up-and-coming army officer has the pedigree of an elite family, but he is no politician yet. Critics question whether his military links and good looks will be enough to win voters however supporters believe he will impress more than his higher profile younger brother, Edhie Baskoro, who has stepped down from his role as secretary-general of the Democrat Party.

For Subianto, Sukarnoputri and Yudhoyono, the Jakarta governorship is about much more than who gets to clean up the city's polluted rivers and manage the trash collection.

All three see it as a proxy battle for political influence, ahead of the next presidential election in 2019.

Where does that leave Purnama? He was sworn in as deputy Jakarta governor under Gerindra, but fell out and left the party. Sukarnoputri threw her support behind him just days before the registration deadline. But she could be in for a disappointment. Just like Widodo, also a PDI-P member, Purnama doesn’t want to be anyone else’s man.

The contest illustrates that Indonesia's democracy is, to a large extent, a fight between emerging leaders with strong public support such as Widodo and Purnama and old war horses trying to maintain their influence.

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Hi Indo friends,
Is this stuff by an Australian site accurate?
 
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