Indonesia Economy Forum
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Gov`t Targets to Export 100,000 Tons of Rice
TEMPO.CO, Jakarta - An Expert Staff to the Agriculture Ministry at the trade and international relations sector, Mat Syukur, stated that the government targets this year’s rice export to reach 100,000 tons.
This move is a part of the Ministry’s attempt in becoming the world's rice barn. “This year’s export should be at least 100,000 tons, coinciding with the [Agriculture] Minister’s request,” Syukur said on Tuesday, February 14, 2017. Syukur reassured the public that the Government’s goal would not affect the national rice stock. Moreover, Indonesia is currently undergoing a rice surplus, which makes him optimistic that the rice export goal will not disturb domestic demands.
He stated that state official predicts this year’s unhulled rice production would reach 78 million tons or 40 million tons of rice. If it succeeds, the number is enough to fulfill domestic needs.
“This is a part of our roadmap as the world’s rice barn in 2045.” In order to increase rice production, Syukur stated that the Ministry has prepared a number of programs such as adding 3 million hectares of irrigation land. The government will also provide a number of tractors for the farms with limited amount of workers.
Syukur also revealed that farmers who endure crop failures will be compensated by the insurance up to Rp6 million per hectare. “80 percent of the [insurance] premium will be covered by the Government,” he said.
DIKO OKTARA
TEMPO.CO, Jakarta - An Expert Staff to the Agriculture Ministry at the trade and international relations sector, Mat Syukur, stated that the government targets this year’s rice export to reach 100,000 tons.
This move is a part of the Ministry’s attempt in becoming the world's rice barn. “This year’s export should be at least 100,000 tons, coinciding with the [Agriculture] Minister’s request,” Syukur said on Tuesday, February 14, 2017. Syukur reassured the public that the Government’s goal would not affect the national rice stock. Moreover, Indonesia is currently undergoing a rice surplus, which makes him optimistic that the rice export goal will not disturb domestic demands.
He stated that state official predicts this year’s unhulled rice production would reach 78 million tons or 40 million tons of rice. If it succeeds, the number is enough to fulfill domestic needs.
“This is a part of our roadmap as the world’s rice barn in 2045.” In order to increase rice production, Syukur stated that the Ministry has prepared a number of programs such as adding 3 million hectares of irrigation land. The government will also provide a number of tractors for the farms with limited amount of workers.
Syukur also revealed that farmers who endure crop failures will be compensated by the insurance up to Rp6 million per hectare. “80 percent of the [insurance] premium will be covered by the Government,” he said.
DIKO OKTARA
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Looks like a heavy bird. Ariane 5 will launch?
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SOEs join hands in micro-loan cooperation
Small business: A vegetable vendor waits for buyers at her stall in Ciputat Market in South Tangerang, Banten. (ANTARA FOTO/Teresia May)
Three state-owned enterprises (SOEs) – financing firm PT Permodalan Nasional Madani (PNM), lender Bank Rakyat Indonesia (BRI) and telecommunications company PT Telekomunikasi Indonesia (Telkom) – are teaming up in supporting PNM’s efforts to ease loan payment procedures for its customers in rural areas.
Under the cooperation, which was sealed in an agreement on Tuesday, BRI will encourage micro-enterprise owners to set up bank accounts, from which they can repay their loans through installment schemes. Telkom, meanwhile, will provide PNM customers with low-end smartphones, allowing them to access e-banking services. BRI will also train customers how to operate digital services.
BRI vice president director Sunarso said that through this agreement, the lender would secure an additional 80,000 customers from PNM.
“Our customers do not need to come to our offices [to pay the loans]. They can do the transaction anywhere, even from their bed. This will also cut down on our operational costs,” PNM president director Parman Nataatmadja said.
(Read also: Govt hopes to cut interest rate for KUR loans to 9 percent)
PNM offers services through its micro capital service unit (ULaMM), which gives Rp 25 million (US$1,876) to Rp 300 million in direct capital to micro-enterprises, and through the Prosperous Family Economic Development (Mekaar) program, which provides small loans to groups of women.
ULaMM has 73 branches with 664 service units and has served 302,829 customers in 4,093 districts all over Indonesia. (dra/hwa)
http://www.thejakartapost.com/news/2017/02/15/soes-join-hands-in-micro-loan-cooperation.html
- News Desk
The Jakarta Post
Small business: A vegetable vendor waits for buyers at her stall in Ciputat Market in South Tangerang, Banten. (ANTARA FOTO/Teresia May)
Three state-owned enterprises (SOEs) – financing firm PT Permodalan Nasional Madani (PNM), lender Bank Rakyat Indonesia (BRI) and telecommunications company PT Telekomunikasi Indonesia (Telkom) – are teaming up in supporting PNM’s efforts to ease loan payment procedures for its customers in rural areas.
Under the cooperation, which was sealed in an agreement on Tuesday, BRI will encourage micro-enterprise owners to set up bank accounts, from which they can repay their loans through installment schemes. Telkom, meanwhile, will provide PNM customers with low-end smartphones, allowing them to access e-banking services. BRI will also train customers how to operate digital services.
BRI vice president director Sunarso said that through this agreement, the lender would secure an additional 80,000 customers from PNM.
“Our customers do not need to come to our offices [to pay the loans]. They can do the transaction anywhere, even from their bed. This will also cut down on our operational costs,” PNM president director Parman Nataatmadja said.
(Read also: Govt hopes to cut interest rate for KUR loans to 9 percent)
PNM offers services through its micro capital service unit (ULaMM), which gives Rp 25 million (US$1,876) to Rp 300 million in direct capital to micro-enterprises, and through the Prosperous Family Economic Development (Mekaar) program, which provides small loans to groups of women.
ULaMM has 73 branches with 664 service units and has served 302,829 customers in 4,093 districts all over Indonesia. (dra/hwa)
http://www.thejakartapost.com/news/2017/02/15/soes-join-hands-in-micro-loan-cooperation.html
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Garuda to Fly to Moscow in August
Jakarta. Garuda Indonesia, the country's flag carrier, plans to start direct flights to Moscow in August, in a move to attract Russian tourists to Indonesia, president director M. Arif Wibowo said on Tuesday (14/02).
Arif announced the plan after a meeting in Jakarta with Russian Ambassador Mikhail Yurievich Galuzyn and Indonesian Ambassador to Russia Wahid Supriyadi.
"We are trying to accelerate our maiden flight in August as we plan to fly [to Moscow] three times a week with an A330-200 wide-body aircraft," Arif said in a statement.
He said the new route is expected to increase the number of Russian tourists to more than 100,000 this year.
Nearly 70,000 Russians visited Indonesia in January-November last year, up 20 percent from the same period a year earlier, according to the latest data from the Ministry of Tourism. Meanwhile, 14,000 Indonesians visited Russia in 2015.
The Jakarta-Moscow route is part of Garuda's 2017 expansion plan. The airline has earlier announced it will also fly from Jakarta to Los Angeles via Tokyo.
According to the Russian ambassador, the availability of direct flights to Moscow should improve the relations between the two countries, especially in the economy and tourism sectors.
http://jakartaglobe.id/corporate-news/garuda-fly-moscow-august/
Jakarta. Garuda Indonesia, the country's flag carrier, plans to start direct flights to Moscow in August, in a move to attract Russian tourists to Indonesia, president director M. Arif Wibowo said on Tuesday (14/02).
Arif announced the plan after a meeting in Jakarta with Russian Ambassador Mikhail Yurievich Galuzyn and Indonesian Ambassador to Russia Wahid Supriyadi.
"We are trying to accelerate our maiden flight in August as we plan to fly [to Moscow] three times a week with an A330-200 wide-body aircraft," Arif said in a statement.
He said the new route is expected to increase the number of Russian tourists to more than 100,000 this year.
Nearly 70,000 Russians visited Indonesia in January-November last year, up 20 percent from the same period a year earlier, according to the latest data from the Ministry of Tourism. Meanwhile, 14,000 Indonesians visited Russia in 2015.
The Jakarta-Moscow route is part of Garuda's 2017 expansion plan. The airline has earlier announced it will also fly from Jakarta to Los Angeles via Tokyo.
According to the Russian ambassador, the availability of direct flights to Moscow should improve the relations between the two countries, especially in the economy and tourism sectors.
http://jakartaglobe.id/corporate-news/garuda-fly-moscow-august/
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Tol Palindra selesaikan konstruksi fisik 75 persen
Rabu, 15 Februari 2017 19:57 WIB | 1.399 Views
Pewarta: Dolly Rosana
ilustrasi: Suasana pengerjaan Jalan Tol Trans Sumatera (JTTS) ruas Bakauhuni-Terbanggi Besar di Desa Sabah Balau Lampung Selatan, Lampung, Senin (20/6/2016). Jelang arus mudik lebaran 2016, dua lokasi Jalan Tol Lampung dapat dimanfaatkan untuk pelayanan mudik lebaran yakni dilokasi Lematang-Kota Baru sepanjang 3,99 kilometer (km), dan Branti-Metro sepanjang 12,09 km. (ANTARA FOTO/Tommy Saputra)
Palembang (ANTARA News) - Jalan Tol Palembang-Inderalaya (Palindra), Sumatera Selatan untuk ruas seksi I Palembang-Pemulutan sejauh 7 kilometer telah menyelesaikan konstruksi fisik 74,99 persen per 15 Februari 2017.
General Manajer PT Hutama Karya (Persero) Moh Rizal Sutjipto di Palembang, Rabu mengatakan dengan realisasi tersebut perusahaan optimistis ruas jalan Palembang-Pemulutan dapat beroperasi pada Lebaran 2017.
"Sesuai instruksi presiden, diharapkan sedapat mungkin Tol Palindra dibuka untuk membantu kelancaran arus mudik pada tahun ini," kata Hasan.
Saat ini, untuk ruas jalan Palembang-Pemulutan telah memasuki tahap pengerasan untuk kemudian dilanjutkan pada pengaspalan supaya mencapai ketebalan 22 cm.
Ruas jalan ini akan dipadatkan agar tidak mudah amblas, jika pun turun masih dapat ditolerasi yakni hanya 1-2 cm.
Untuk ruas jalan Palembang-Pemulutan ditargetkan bisa beroperasi pada Mei 2017 dan untuk ruas jalan Pemulutan hingga ke Desa Talang Pangeran Hilir (seksi 2) masih diupayakan.
Ruas jalan tol Palindra yang terdiri dari tiga seksi hingga kini masih terganjal pembebasan lahan yang menjadi tanggung jawab Pemerintah Provinsi Sumatera Selatan.
Dari tiga seksi itu, hanya seksi 1 yang sudah tuntas, sedangkan seksi 2 masih terganjal 50 bidang tanah, dan seksi 3 terganjal 12 bidang.
Hutama Karya sebagai BUMN yang dipercaya oleh pemerintah untuk mengerjakan proyek jalan tol Trans Sumatera sejauh 644 km ini terus mendorong agar pembebasan lahan ini segera dituntaskan mengingat pemprov telah menjanjikan rampung pada Desember 2016.
Lantaran molor dari jadwal, pekerjaan kontruksi baru tercapai 45,99 persen.
Bukan hanya itu saja, HK juga menanggung pembengkakan biaya operasional yang tidak sedikit lantaran selisih progres hingga lebih dari 25 persen.
"Mengapa kami terus mendorong, bukan hanya persoalan biaya operasional perusahaan tapi karena ini juga berkaitan dengan Asian Games XVIII tahun 2018," kata dia.
Berdasarkan progres terakhir pengerjaan kontruksi untuk ruas Palembang-Pemulutan sebesar 74,99 persen, Pemulutan-Desa Talang Pangeran Hilir 1,56 persen dan Desa Talang Pangeran Hilir-Inderalaya 48,76 persen.
Pemerintah Jokowi-Jusuf Kalla membangun jalan tol Trans Sumatera yang membentang dari Aceh hingga Lampung untuk meningkatkan aktivitas ekonomi di Sumatera yang selama ini tertinggal dibandingkan Jawa.
Editor: Ruslan Burhani
COPYRIGHT © ANTARA 2017
http://www.antaranews.com/berita/612700/tol-palindra-selesaikan-konstruksi-fisik-75-persen
Rabu, 15 Februari 2017 19:57 WIB | 1.399 Views
Pewarta: Dolly Rosana
ilustrasi: Suasana pengerjaan Jalan Tol Trans Sumatera (JTTS) ruas Bakauhuni-Terbanggi Besar di Desa Sabah Balau Lampung Selatan, Lampung, Senin (20/6/2016). Jelang arus mudik lebaran 2016, dua lokasi Jalan Tol Lampung dapat dimanfaatkan untuk pelayanan mudik lebaran yakni dilokasi Lematang-Kota Baru sepanjang 3,99 kilometer (km), dan Branti-Metro sepanjang 12,09 km. (ANTARA FOTO/Tommy Saputra)
Palembang (ANTARA News) - Jalan Tol Palembang-Inderalaya (Palindra), Sumatera Selatan untuk ruas seksi I Palembang-Pemulutan sejauh 7 kilometer telah menyelesaikan konstruksi fisik 74,99 persen per 15 Februari 2017.
General Manajer PT Hutama Karya (Persero) Moh Rizal Sutjipto di Palembang, Rabu mengatakan dengan realisasi tersebut perusahaan optimistis ruas jalan Palembang-Pemulutan dapat beroperasi pada Lebaran 2017.
"Sesuai instruksi presiden, diharapkan sedapat mungkin Tol Palindra dibuka untuk membantu kelancaran arus mudik pada tahun ini," kata Hasan.
Saat ini, untuk ruas jalan Palembang-Pemulutan telah memasuki tahap pengerasan untuk kemudian dilanjutkan pada pengaspalan supaya mencapai ketebalan 22 cm.
Ruas jalan ini akan dipadatkan agar tidak mudah amblas, jika pun turun masih dapat ditolerasi yakni hanya 1-2 cm.
Untuk ruas jalan Palembang-Pemulutan ditargetkan bisa beroperasi pada Mei 2017 dan untuk ruas jalan Pemulutan hingga ke Desa Talang Pangeran Hilir (seksi 2) masih diupayakan.
Ruas jalan tol Palindra yang terdiri dari tiga seksi hingga kini masih terganjal pembebasan lahan yang menjadi tanggung jawab Pemerintah Provinsi Sumatera Selatan.
Dari tiga seksi itu, hanya seksi 1 yang sudah tuntas, sedangkan seksi 2 masih terganjal 50 bidang tanah, dan seksi 3 terganjal 12 bidang.
Hutama Karya sebagai BUMN yang dipercaya oleh pemerintah untuk mengerjakan proyek jalan tol Trans Sumatera sejauh 644 km ini terus mendorong agar pembebasan lahan ini segera dituntaskan mengingat pemprov telah menjanjikan rampung pada Desember 2016.
Lantaran molor dari jadwal, pekerjaan kontruksi baru tercapai 45,99 persen.
Bukan hanya itu saja, HK juga menanggung pembengkakan biaya operasional yang tidak sedikit lantaran selisih progres hingga lebih dari 25 persen.
"Mengapa kami terus mendorong, bukan hanya persoalan biaya operasional perusahaan tapi karena ini juga berkaitan dengan Asian Games XVIII tahun 2018," kata dia.
Berdasarkan progres terakhir pengerjaan kontruksi untuk ruas Palembang-Pemulutan sebesar 74,99 persen, Pemulutan-Desa Talang Pangeran Hilir 1,56 persen dan Desa Talang Pangeran Hilir-Inderalaya 48,76 persen.
Pemerintah Jokowi-Jusuf Kalla membangun jalan tol Trans Sumatera yang membentang dari Aceh hingga Lampung untuk meningkatkan aktivitas ekonomi di Sumatera yang selama ini tertinggal dibandingkan Jawa.
Editor: Ruslan Burhani
COPYRIGHT © ANTARA 2017
http://www.antaranews.com/berita/612700/tol-palindra-selesaikan-konstruksi-fisik-75-persen
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PNG lucky to import rice from Indonesia: Consul
23 hours ago | 1.445 Views
Merauke, Papua (ANTARA News) - Papua New Guineas (PNG) Consul General to Indonesia, Geifrey Wiri, said his country was very lucky to import rice produced by the Indonesian farmers in Merauke, Papua province.
"Indonesian rice is very cheap compared to the rice produced by other countries," Wiri said here on Tuesday.
According to him, PNG imports rice from Thailand and Vietnam.
"The launch of Indonesian rice export to PNG is quite surprising to me, because this is the first time we import rice from Indonesia," he stated.
Wiri added that the Indonesian rice export plan will be submitted to the government of Papua New Guinea.
Wiri and two other PNG officials attended the launch of the Indonesian rice export by Agriculture Minister Andi Amran Sulaiman in Merauke on Monday (Feb 13).
Earlier, at the launch of the rice export, the minister invited the PNG government to import rice from Merauke.
The minister advised Merauke district administration to not only launch the export but also continue to increase rice exports to other countries.
He added that the central government will continue to provide supports for agricultural infrastructure in Papua, especially in Merauke.(*)
http://www.antaranews.com/en/news/109423/png-lucky-to-import-rice-from-indonesia-consul
23 hours ago | 1.445 Views
Merauke, Papua (ANTARA News) - Papua New Guineas (PNG) Consul General to Indonesia, Geifrey Wiri, said his country was very lucky to import rice produced by the Indonesian farmers in Merauke, Papua province.
"Indonesian rice is very cheap compared to the rice produced by other countries," Wiri said here on Tuesday.
According to him, PNG imports rice from Thailand and Vietnam.
"The launch of Indonesian rice export to PNG is quite surprising to me, because this is the first time we import rice from Indonesia," he stated.
Wiri added that the Indonesian rice export plan will be submitted to the government of Papua New Guinea.
Wiri and two other PNG officials attended the launch of the Indonesian rice export by Agriculture Minister Andi Amran Sulaiman in Merauke on Monday (Feb 13).
Earlier, at the launch of the rice export, the minister invited the PNG government to import rice from Merauke.
The minister advised Merauke district administration to not only launch the export but also continue to increase rice exports to other countries.
He added that the central government will continue to provide supports for agricultural infrastructure in Papua, especially in Merauke.(*)
http://www.antaranews.com/en/news/109423/png-lucky-to-import-rice-from-indonesia-consul
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Global crisis momentum for downstream industry development: President
23 hours ago | 1.126 Views
Jakarta (ANTARA News) - President Joko Widodo said the global crisis should be a momentum to develop downstream industries in Indonesia, which until now have not been optimally exploited.
President Joko Widodo (Jokowi) made the statement while chairing a limited cabinet meeting regarding the evaluation of the implementation of strategic projects and priority programs of Central Kalimantan province, at the presidential office in Jakarta on Tuesday.
"We for long are lulled by high commodity prices, so that we forget the development of downstream industries and processing to gain added values from our own natural resources," the president said.
According to him, Indonesia should also start developing downstream industries as this will directly influence the community, creating jobs, and drive the economy in the region.
Therefore, he said that the Government wanted to realize the project of national strategic and priority programs in various parts of the country.
Implementation of the project and the program is still continuing acceleration in the process.
President Joko Widodo was to remind his staff to continue to monitor the continuation of the project or program priorities.
"The key is in the execution and supervision. For that, I ask the minister or the head of the institution to see in detail the execution of the program national strategic and priority programs in each province. What is going according to plan if there are any barriers or obstacles encountered," he said.
The Head of State assured brought more quickly constraints in the execution of the project to be completed, it will be the sooner the program can benefit the community.
To that end, he called for coordination and synergy between the governor and the central government to be further improved.
On the occasion of the meeting which discussed Central Kalimantan, President referred to the economic conditions in Central Kalimantan.
As is known, the Central Kalimantan actually rich in mineral resources and the results of the plantation and forestry.
However, on the other side of the area affected most of the decline in commodity prices in the global market.
"This means that the slowing global economy clearly had a significant impact on the regional economy," he said.
However, despite the decline in real commodity prices there are great opportunities that can be exploited.
According to the President, this is the right moment to start developing downstream industries in order to provide added values.
In addition, the Head of State invited the parties to start thinking about alternative economic potential.
It is necessary to maintain sustainable economic growth area in the future.
"Central Kalimantan needs to develop untapped economic potential that is not dependent on the exploitation of Mining and forest wealth which at some point will run out," Jokowi asserted.
Joko Widodo reinforced the importance of accelerating the development of transport infrastructure in Central Kalimantan.
In addition to opening the isolation of some regions in Central Kalimantan, adequate transportation infrastructure is also expected to lower the cost of logistics in the region.
"I ask the construction of transport infrastructure should really be integrated with other areas in Kalimantan and do not forget to pay attention to aspects of spatial planning and the environment," he concluded.(*)
http://www.antaranews.com/en/news/1...for-downstream-industry-development-president
23 hours ago | 1.126 Views
Jakarta (ANTARA News) - President Joko Widodo said the global crisis should be a momentum to develop downstream industries in Indonesia, which until now have not been optimally exploited.
President Joko Widodo (Jokowi) made the statement while chairing a limited cabinet meeting regarding the evaluation of the implementation of strategic projects and priority programs of Central Kalimantan province, at the presidential office in Jakarta on Tuesday.
"We for long are lulled by high commodity prices, so that we forget the development of downstream industries and processing to gain added values from our own natural resources," the president said.
According to him, Indonesia should also start developing downstream industries as this will directly influence the community, creating jobs, and drive the economy in the region.
Therefore, he said that the Government wanted to realize the project of national strategic and priority programs in various parts of the country.
Implementation of the project and the program is still continuing acceleration in the process.
President Joko Widodo was to remind his staff to continue to monitor the continuation of the project or program priorities.
"The key is in the execution and supervision. For that, I ask the minister or the head of the institution to see in detail the execution of the program national strategic and priority programs in each province. What is going according to plan if there are any barriers or obstacles encountered," he said.
The Head of State assured brought more quickly constraints in the execution of the project to be completed, it will be the sooner the program can benefit the community.
To that end, he called for coordination and synergy between the governor and the central government to be further improved.
On the occasion of the meeting which discussed Central Kalimantan, President referred to the economic conditions in Central Kalimantan.
As is known, the Central Kalimantan actually rich in mineral resources and the results of the plantation and forestry.
However, on the other side of the area affected most of the decline in commodity prices in the global market.
"This means that the slowing global economy clearly had a significant impact on the regional economy," he said.
However, despite the decline in real commodity prices there are great opportunities that can be exploited.
According to the President, this is the right moment to start developing downstream industries in order to provide added values.
In addition, the Head of State invited the parties to start thinking about alternative economic potential.
It is necessary to maintain sustainable economic growth area in the future.
"Central Kalimantan needs to develop untapped economic potential that is not dependent on the exploitation of Mining and forest wealth which at some point will run out," Jokowi asserted.
Joko Widodo reinforced the importance of accelerating the development of transport infrastructure in Central Kalimantan.
In addition to opening the isolation of some regions in Central Kalimantan, adequate transportation infrastructure is also expected to lower the cost of logistics in the region.
"I ask the construction of transport infrastructure should really be integrated with other areas in Kalimantan and do not forget to pay attention to aspects of spatial planning and the environment," he concluded.(*)
http://www.antaranews.com/en/news/1...for-downstream-industry-development-president
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Indonesian trade posts $1.4 billion surplus
Central Statistics Agency (BPS) chief Suhariyanto speaks to journalists after a press conference at the headquarters of the BPS in Jakarta. (JP/Anton Hermansyah)
Indonesian trade posted a US$1.4 billion surplus in January, a drastic surge from only $10 million in January 2016, the Central Statistics Agency (BPS) has said.
“This is the highest surplus since January 2014,” BPS head Suhariyanto said during a press conference in Jakarta on Thursday.
Indonesian exports reached $13.38 billion in January this year, an increase of 27.21 percent compared to the figure recorded in January 2016.
Non-oil and gas exports accounted for $12.11 billion, a 29.24 percent increase from the $9.37 billion recorded in January 2016.
Meanwhile, the value of oil and gas exports was $1.27 billion, an increase of 14.77 percent.
Indonesian imports were $11.99 billion, a 14.54 percent increase.
Non-oil and gas imports were $10.18 billion, a 10.12 percent increase. (bbn)
http://www.thejakartapost.com/news/2017/02/16/indonesian-trade-posts-1-4-billion-surplus.html
- Stefani Ribka
The Jakarta Post
Central Statistics Agency (BPS) chief Suhariyanto speaks to journalists after a press conference at the headquarters of the BPS in Jakarta. (JP/Anton Hermansyah)
Indonesian trade posted a US$1.4 billion surplus in January, a drastic surge from only $10 million in January 2016, the Central Statistics Agency (BPS) has said.
“This is the highest surplus since January 2014,” BPS head Suhariyanto said during a press conference in Jakarta on Thursday.
Indonesian exports reached $13.38 billion in January this year, an increase of 27.21 percent compared to the figure recorded in January 2016.
Non-oil and gas exports accounted for $12.11 billion, a 29.24 percent increase from the $9.37 billion recorded in January 2016.
Meanwhile, the value of oil and gas exports was $1.27 billion, an increase of 14.77 percent.
Indonesian imports were $11.99 billion, a 14.54 percent increase.
Non-oil and gas imports were $10.18 billion, a 10.12 percent increase. (bbn)
http://www.thejakartapost.com/news/2017/02/16/indonesian-trade-posts-1-4-billion-surplus.html
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President Jokowi calls on Saudi Arabia to realize investment plans
11 minutes ago | 27 Views
President Joko Widodo (Jokowi) accompanied by Deputy Foreign Minister A.M. Fachir (second right) receiving a courtesy call Al-Shura Council Chairman of the Kingdom of Saudi Arabia Abdullah Bin Mohammed Bin Ibrahim Al-Sheikh (fifth left) at the State Palace, Jakarta, Thursday (Feb. 16, 2017). The courtesy visit was a preliminary visit before Saudi King visit to Indonesia in early March 2017. (ANTARA/Wahyu Putro A./P003)
Jakarta (ANTARA News) - President Joko Widodo (Jokowi) has called on Saudi Arabia to realize the commitment and plans to invest in Indonesia.
"Just now, (the president) has asked the help of the chairman of the Saudi Arabian Majlis ash-Shura (Consultative Assembly) in realizing various Saudi Arabian investment plans and commitment in Indonesia," Deputy Foreign Affairs Minister AM Fachir said at the Presidential Palace complex here on Thursday.
Fachir gave the statement to the press following a courtesy call of Chairman of the Majlis Ash-Shura, Abdullah Muhammed Al-Alsheikh to President Jokowi.
President Jokowi also told the Saudi official that the trade balance between Indonesia and Saudi Arabia has dropped.
"According to records, the trade balance volume dropped significantly, by 36 percent in 2015, from that in 2014," he stated.
The Saudi Arabian King is scheduled to visit Jakarta in early March 2017.
The visit is expected to help step up cooperation between the two countries in the fields of economics, politics, protection of Indonesian migrant workers, and the implementation of Hajj pilgrimage.
"He (the president) particularly encourages the two countries Parliaments to establish cooperation in counter-terrorism and spread Islam, which is tolerant, peaceful, and rahmatan lil alamin (bringing blessing to the whole world)," he added.
(Reported by Agus Salim/Uu.F001/INE/KR-BSR)
http://www.antaranews.com/en/news/1...s-on-saudi-arabia-to-realize-investment-plans
11 minutes ago | 27 Views
President Joko Widodo (Jokowi) accompanied by Deputy Foreign Minister A.M. Fachir (second right) receiving a courtesy call Al-Shura Council Chairman of the Kingdom of Saudi Arabia Abdullah Bin Mohammed Bin Ibrahim Al-Sheikh (fifth left) at the State Palace, Jakarta, Thursday (Feb. 16, 2017). The courtesy visit was a preliminary visit before Saudi King visit to Indonesia in early March 2017. (ANTARA/Wahyu Putro A./P003)
Jakarta (ANTARA News) - President Joko Widodo (Jokowi) has called on Saudi Arabia to realize the commitment and plans to invest in Indonesia.
"Just now, (the president) has asked the help of the chairman of the Saudi Arabian Majlis ash-Shura (Consultative Assembly) in realizing various Saudi Arabian investment plans and commitment in Indonesia," Deputy Foreign Affairs Minister AM Fachir said at the Presidential Palace complex here on Thursday.
Fachir gave the statement to the press following a courtesy call of Chairman of the Majlis Ash-Shura, Abdullah Muhammed Al-Alsheikh to President Jokowi.
President Jokowi also told the Saudi official that the trade balance between Indonesia and Saudi Arabia has dropped.
"According to records, the trade balance volume dropped significantly, by 36 percent in 2015, from that in 2014," he stated.
The Saudi Arabian King is scheduled to visit Jakarta in early March 2017.
The visit is expected to help step up cooperation between the two countries in the fields of economics, politics, protection of Indonesian migrant workers, and the implementation of Hajj pilgrimage.
"He (the president) particularly encourages the two countries Parliaments to establish cooperation in counter-terrorism and spread Islam, which is tolerant, peaceful, and rahmatan lil alamin (bringing blessing to the whole world)," he added.
(Reported by Agus Salim/Uu.F001/INE/KR-BSR)
http://www.antaranews.com/en/news/1...s-on-saudi-arabia-to-realize-investment-plans
papacita
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Indonesia ranked world’s 6th most beautiful country
Indonesia is ranked as the world’s No. 6 most beautiful country compiled by the London-based travel guide website Rough Guides, making it the best among Asian countries.
According to the results of voting submitted by Rough Guides readers, Indonesia was famous for myriad of islands and volcanoes that span across its vast territory.
The nation was also rich in cultural heritages from ethnic groups inhabiting thousands of islands in the country.
In the voting process, Indonesia left behind two other Asian countries voted by readers, India and Vietnam, at ranks of 13 and 20 respectively.
Scotland tops the list followed by Canada, New Zealand, Italy and South Africa. A total of 20 countries ranked on the list.
Rough Guides said Indonesia has ethnic, cultural and language diversity that is correspondingly great.
The tropic nation in equatorial line between Asia and Australia continent has an almost 2 million square km area, filled by over 17,000 islands and inhabited by over 250 million of population who speak over 500 different languages and dialects.
“The largely volcanic nature of the islands has created tall cloud-swept mountains swathed in the green of rice terraces or rain forest, dropping to blindingly bright beaches and vivid blue seas, the backdrop for Southeast Asia’s biggest wilderness areas and wildlife sanctuaries,” the prominent travel guide website said in a statement.
Thanks to its geographical condition, Indonesia provides an endless resource for adventurous trekking, surfing and scuba diving, the website said.
Indonesia also earned prestigious awards from prominent diving magazines for its diving sites with distinctive features. Enditem
Source: Xinhua/NewsGhana.com.gh
https://www.newsghana.com.gh/indonesia-ranked-worlds-6th-most-beautiful-country/
Asia inflows make Indonesia, Korea alluring, money managers say
[KUALA LUMPUR] Funds are returning to Asia after the knee-jerk withdrawal following Donald Trump's election as US president, and declining volatility means debt in India, Indonesia and South Korea are attractive, money managers say.
BlackRock Inc, Aberdeen Asset Management Plc and Aviva Investors share their views on picks in Asia, the impact of President Trump, the outlook for Asian central banks and the US dollar:
1. Indonesian President Joko Widodo is cutting red tape and boosting revenues with a tax amnesty, brightening the outlook for South-east Asia's biggest economy. He has laid out an infrastructure blueprint to build ports, roads and railways to spur growth to 7 per cent by the end of his term.
These reforms provide a "nice tilt to the right direction but nothing too aggressive that it completely shatters the fiscal balance and current-account balance which keeps things positive for the currency," said Leong Lin-Jing, a Singapore-based investment manager at Aberdeen Asset Management, which oversaw US$374 billion as of end-2016.
http://www.businesstimes.com.sg/ban...e-indonesia-korea-alluring-money-managers-say
Tourist Arrivals in Indonesia Up 15.54%
Bali headed for 4.6 million foreign tourists in 2016 (Luxury Villa Seminyak)
JAKARTA, NETRALNEWS.COM - The number of tourist arrivals in Indonesia rose 15.54 percent to 12.023 million in 2016 from a year earlier, according to the Central Statistics Agency (BPS).
The figure is 23 thousand ahead of the target of 12 million for 2016 set in the roadmap to achieve the target of 20 million tourist arrivals in 2019, the agency said in a statement released on Thursday.
The 12.023 million is obtained from 11.519 million which is reported by BPS, and 504 thousand in the extrapolation from Jan-Sep 2016, which has not yet been incorporated to the total tourist arrivals.
"BPS has agreed to the extrapolation in the Jan-Sep 2016 period at 504 thousand, and has brought it to the Forum of Statistics Community (FMS) on Jan 8, 2017. However, FMS has not recommended the 504 thousand. Both BPS and FMS have no objection to the Tourism Ministry using the real figure of 12.023 million," the Tourism Ministrys deputy for the development of foreign marketing I Gde Pitana said.
He added that the extrapolation figure of 504 thousand is valid because it is calculated using the Big Data Mobile Positioning Data (MPD) technology. The MPD is only used to calculate tourist arrivals in 19 districts, 46 sub-districts through cross-border areas, or border check points which still have no immigration check points.
http://www.en.netralnews.com/news/business/read/1626/tourist.arrivals.in.indonesia.up.1554.
Indonesia is ranked as the world’s No. 6 most beautiful country compiled by the London-based travel guide website Rough Guides, making it the best among Asian countries.
According to the results of voting submitted by Rough Guides readers, Indonesia was famous for myriad of islands and volcanoes that span across its vast territory.
The nation was also rich in cultural heritages from ethnic groups inhabiting thousands of islands in the country.
In the voting process, Indonesia left behind two other Asian countries voted by readers, India and Vietnam, at ranks of 13 and 20 respectively.
Scotland tops the list followed by Canada, New Zealand, Italy and South Africa. A total of 20 countries ranked on the list.
Rough Guides said Indonesia has ethnic, cultural and language diversity that is correspondingly great.
The tropic nation in equatorial line between Asia and Australia continent has an almost 2 million square km area, filled by over 17,000 islands and inhabited by over 250 million of population who speak over 500 different languages and dialects.
“The largely volcanic nature of the islands has created tall cloud-swept mountains swathed in the green of rice terraces or rain forest, dropping to blindingly bright beaches and vivid blue seas, the backdrop for Southeast Asia’s biggest wilderness areas and wildlife sanctuaries,” the prominent travel guide website said in a statement.
Thanks to its geographical condition, Indonesia provides an endless resource for adventurous trekking, surfing and scuba diving, the website said.
Indonesia also earned prestigious awards from prominent diving magazines for its diving sites with distinctive features. Enditem
Source: Xinhua/NewsGhana.com.gh
https://www.newsghana.com.gh/indonesia-ranked-worlds-6th-most-beautiful-country/
Asia inflows make Indonesia, Korea alluring, money managers say
[KUALA LUMPUR] Funds are returning to Asia after the knee-jerk withdrawal following Donald Trump's election as US president, and declining volatility means debt in India, Indonesia and South Korea are attractive, money managers say.
BlackRock Inc, Aberdeen Asset Management Plc and Aviva Investors share their views on picks in Asia, the impact of President Trump, the outlook for Asian central banks and the US dollar:
1. Indonesian President Joko Widodo is cutting red tape and boosting revenues with a tax amnesty, brightening the outlook for South-east Asia's biggest economy. He has laid out an infrastructure blueprint to build ports, roads and railways to spur growth to 7 per cent by the end of his term.
These reforms provide a "nice tilt to the right direction but nothing too aggressive that it completely shatters the fiscal balance and current-account balance which keeps things positive for the currency," said Leong Lin-Jing, a Singapore-based investment manager at Aberdeen Asset Management, which oversaw US$374 billion as of end-2016.
http://www.businesstimes.com.sg/ban...e-indonesia-korea-alluring-money-managers-say
Tourist Arrivals in Indonesia Up 15.54%
Bali headed for 4.6 million foreign tourists in 2016 (Luxury Villa Seminyak)
JAKARTA, NETRALNEWS.COM - The number of tourist arrivals in Indonesia rose 15.54 percent to 12.023 million in 2016 from a year earlier, according to the Central Statistics Agency (BPS).
The figure is 23 thousand ahead of the target of 12 million for 2016 set in the roadmap to achieve the target of 20 million tourist arrivals in 2019, the agency said in a statement released on Thursday.
The 12.023 million is obtained from 11.519 million which is reported by BPS, and 504 thousand in the extrapolation from Jan-Sep 2016, which has not yet been incorporated to the total tourist arrivals.
"BPS has agreed to the extrapolation in the Jan-Sep 2016 period at 504 thousand, and has brought it to the Forum of Statistics Community (FMS) on Jan 8, 2017. However, FMS has not recommended the 504 thousand. Both BPS and FMS have no objection to the Tourism Ministry using the real figure of 12.023 million," the Tourism Ministrys deputy for the development of foreign marketing I Gde Pitana said.
He added that the extrapolation figure of 504 thousand is valid because it is calculated using the Big Data Mobile Positioning Data (MPD) technology. The MPD is only used to calculate tourist arrivals in 19 districts, 46 sub-districts through cross-border areas, or border check points which still have no immigration check points.
http://www.en.netralnews.com/news/business/read/1626/tourist.arrivals.in.indonesia.up.1554.
Nike
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Bali adjudged best island for 12th successive year
Kamis, 16 Februari 2017 20:18 WIB - 0 Views
Photo document of a foreign tourists photographing Subak (management of local tradition) of rice fields in Jatiluwih, Tabanan, Bali. Covering an area of 303 hectares of rice field in Tabanan regency is now protected from land conversion once managed a tourist attraction after the Subak recognition by UNESCO as world cultural heritage. (ANTARA Foto/Nyoman Budhiana)
Jakarta (ANTARA News) - The DestinAsian Readers Choice Award (RCA) 2017 was bestowed on Bali for being named the best island destination for the 12th consecutive year.
"We laud the award given in Singapore on February 15, 2017," Deputy for International Marketing Development of the Ministry of Tourism I Gde Pitana stated here on Thursday.
The Indonesian Ministry of Tourism was invited to receive the award.
DestinAsian had implemented an open voting system for over 12 years and has bestowed awards based on the readers choice.
The voters highlighted areas, such as staff hospitality, quality of service, convenience of location, facilities, and culinary attractions.
The poll was conducted in August and October 2016, featuring 31 different categories, including hotels and resorts, serviced residences, spas, airlines, airports, and destinations.
DestinAsian Publisher Ronald Liem said there were some changes made in DestinAsian RCA this year in an attempt to offer greater freedom and competitive value.
"In addition to including several new categories, the DestinAsian has expanded in areas, such as special awards for the industry in some countries, and the assessment is no longer only given to the first and second winners but also to those on the top 10 list," he revealed.
Bali had earlier been selected as one of the worlds best islands by the US Travel+Leisure Magazine at the end of 2015.
Based on the New York-based Travel+Leisure Magazine, the ratings of the worlds best islands are the Galapagos Islands in Ecuador, with a score of 90.82; Bali in Indonesia, 88.98; the Maldives, 88.53; Tasmania in Australia, 88.32; Santorini in Greece, 87.93; Moorea in French Polynesia, 87.9; Maui in Hawaii, 87.89; Kauai in Hawaii, 87.88; the Great Barrier Reef in Australia, 87.31; and Malta, 86.9.
Head of the Bali Provincial Tourism Office A.A. Yuniartha Gede Putra stated that the foreign tourist arrivals in Bali are expected to reach 5.5 million in 2017.
Putra remarked that foreign tourists in Bali mainly came from 10 countries: Australia, China, Japan, the Great Britain, France, India, Malaysia, the US, Germany, and South Korea.
"Given the uniqueness of Balinese art and culture, it attracts tourists from various countries around the world," Putra noted.
Putra said he had promoted the region in various countries to attract more travelers to Bali. The Ministry of Tourism has also undertaken similar efforts.
Besides this, steps were taken to boost cultural tourism, as Bali has its own regional identity.
He urged everyone to ensure that the local tourism department functions smoothly, so that tourists in Bali feel safe and comfortable, as they enjoy their holidays.
(Uu.A063/INE/KR-BSR/H-YH)
Editor: Priyambodo RH
COPYRIGHT © ANTARA 2017
http://m.antaranews.com/en/news/109464/bali-adjudged-best-island-for-12th-successive-year
Kamis, 16 Februari 2017 20:18 WIB - 0 Views
Photo document of a foreign tourists photographing Subak (management of local tradition) of rice fields in Jatiluwih, Tabanan, Bali. Covering an area of 303 hectares of rice field in Tabanan regency is now protected from land conversion once managed a tourist attraction after the Subak recognition by UNESCO as world cultural heritage. (ANTARA Foto/Nyoman Budhiana)
Jakarta (ANTARA News) - The DestinAsian Readers Choice Award (RCA) 2017 was bestowed on Bali for being named the best island destination for the 12th consecutive year.
"We laud the award given in Singapore on February 15, 2017," Deputy for International Marketing Development of the Ministry of Tourism I Gde Pitana stated here on Thursday.
The Indonesian Ministry of Tourism was invited to receive the award.
DestinAsian had implemented an open voting system for over 12 years and has bestowed awards based on the readers choice.
The voters highlighted areas, such as staff hospitality, quality of service, convenience of location, facilities, and culinary attractions.
The poll was conducted in August and October 2016, featuring 31 different categories, including hotels and resorts, serviced residences, spas, airlines, airports, and destinations.
DestinAsian Publisher Ronald Liem said there were some changes made in DestinAsian RCA this year in an attempt to offer greater freedom and competitive value.
"In addition to including several new categories, the DestinAsian has expanded in areas, such as special awards for the industry in some countries, and the assessment is no longer only given to the first and second winners but also to those on the top 10 list," he revealed.
Bali had earlier been selected as one of the worlds best islands by the US Travel+Leisure Magazine at the end of 2015.
Based on the New York-based Travel+Leisure Magazine, the ratings of the worlds best islands are the Galapagos Islands in Ecuador, with a score of 90.82; Bali in Indonesia, 88.98; the Maldives, 88.53; Tasmania in Australia, 88.32; Santorini in Greece, 87.93; Moorea in French Polynesia, 87.9; Maui in Hawaii, 87.89; Kauai in Hawaii, 87.88; the Great Barrier Reef in Australia, 87.31; and Malta, 86.9.
Head of the Bali Provincial Tourism Office A.A. Yuniartha Gede Putra stated that the foreign tourist arrivals in Bali are expected to reach 5.5 million in 2017.
Putra remarked that foreign tourists in Bali mainly came from 10 countries: Australia, China, Japan, the Great Britain, France, India, Malaysia, the US, Germany, and South Korea.
"Given the uniqueness of Balinese art and culture, it attracts tourists from various countries around the world," Putra noted.
Putra said he had promoted the region in various countries to attract more travelers to Bali. The Ministry of Tourism has also undertaken similar efforts.
Besides this, steps were taken to boost cultural tourism, as Bali has its own regional identity.
He urged everyone to ensure that the local tourism department functions smoothly, so that tourists in Bali feel safe and comfortable, as they enjoy their holidays.
(Uu.A063/INE/KR-BSR/H-YH)
Editor: Priyambodo RH
COPYRIGHT © ANTARA 2017
http://m.antaranews.com/en/news/109464/bali-adjudged-best-island-for-12th-successive-year
papacita
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Lotte Chemical to Build $4b Cilegon Naphta Cracker Plant Next Year
Jakarta. Lotte Chemical Titan, a local petrochemical unit of South Korean conglomerate Lotte Group, plans to start construction of a $4 billion naphtha cracker plant in Indonesia next year, a minister said on Friday (17/02).
The project, which has been delayed for three years due to land acquisition problems, will help Indonesia reduce expensive chemical imports, Industry Minister Airlangga Hartarto said.
Lotte Chemical has secured 50 hectares of land in the Krakatau Steel industrial complex in Cilegon, Banten, and plans to add another 30 hectares with a land reclamation project, said Muhammad Khayam, a director at the Ministry of Industry.
The company plans to complete the front-end engineering design this year and start construction next year.
The plant will have a capacity to produce 1 million tons of ethylene – the raw material used in the production of plastic – and 600,000 tons of propylene annually.
The facility will be located close to another that is owned by Chandra Asri Petrochemical – controlled by Indonesian tycoon Prajogo Pangestu's Barito Pacific and SCG Chemicals – which is currently being expanded to double its annual production capacity to 2 million tons of ethylene.
"This would boost our production to 3 million tons a year, so we would have enough to satisfy domestic demand," the minister said.
Indonesia imported around $15 billion worth of chemicals for its local industrial needs. Khayam estimates that Lotte Chemical's naphtha cracker plant will be able to eliminate $1.5 billion in chemical imports, when it starts operations in either 2023 or 2024.
http://jakartaglobe.id/business/lotte-chemical-to-build-4b-cilegon-naphta-cracker-plant-next-year/
Indonesia to strengthen commitments with Iran in energy sector
Jakarta (ANTARA News) - Indonesia will strengthen its commitment to developing the energy sector with Iran, including investment in an oil field in that country, Deputy Minister of Energy Arcandra Tahar said here on Friday.
"Commitments in the energy sector include Pertaminas plan to invest there as well as gas imports," he said after a coordination meeting to discuss the planned visit of the chief economic minister to Iran.
Coordinating Minister for Economic Affairs Darmin Nasution plans to visit Iran as a follow-up to the visit of President Joko Widodo to the country in December 2016.
Arcandra confirmed that the state-owned energy company, PT Pertamina, is ready to invest in two oil fields in Iran and will submit its proposal soon.
"Pertamina will enter two fields and the proposal will soon be submitted to Iran," he informed.
Pertaminas director of upstream business, Syamsu Alam, stated that the National Iranian Oil Companys (NIOC) subsidiary, the National Iranian South Oil Company (NISOC) held talks about the planned investment in the Ab-Teymour and Mansouri oil fields.
"On Feb 11, we held talks with the NIOC. On Sunday, we will talk again," he said.
Syamsu confirmed that the proposal would be submitted during the visit of Darmin Nasution there on February 25.
Pertamina and NIOC had earlier signed a commitment to carry out an initial study of two giant oil fields in Iran---Ab Teymour and Mansouri---that have oil reserves of five billion barrels. The NIOC has offered the two oil fields to Pertamina.
The director of procurement of the state electricity company PLN, Supangkat Iwan Santoso, noted that Indonesia has also offered to invest in Irans electricity sector, especially in the development of generators and capacity improvement of industrial equipment, to support domestic production.
"The IPP (Independent Power Producer) investment includes thermal and renewable power generators and capacity building for industrial equipment to support domestic production. The two are important in addition to maintenance service," he observed.
Supangkat reminded that a number of investors from Iran have already expressed an interest to be involved in the US$5 billion worth of electricity energy projects.(*)
http://www.antaranews.com/en/news/1...ngthen-commitments-with-iran-in-energy-sector
Singapore Firms Eye Indonesia for Growth
NETRALNEWS.COM - Indonesia has jumped to top spot as the most attractive overseas destination for Singapore companies looking to spread their wings. For many companies here, it is a no brainer, given the vast size of the market of 250 million people sitting right at Singapore's doorstep.
Mr Kenny Tan, chief executive of logistics firm Keyfields, said the company is preparing to move into Jakarta by the third quarter of this year. "It is the biggest market in South-east Asia, and we see a lot of opportunities. Many companies are headed there, but with a population of 250 million, we feel that it is big enough for many players."
Nearly half of 1,100 firms surveyed by Singapore Business Federation (SBF) last year picked Indonesia as their top overseas destination. The country jumped from third place in 2015 when it was chosen by 28 per cent of companies surveyed. Indonesia displaced Myanmar, which held the top spot in 2015, but fell to fifth place last year.
SBF chief executive Ho Meng Kit said companies in manufacturing and transport/storage will be expanding more in South-east Asia as the region rapidly develops its infrastructure and connectivity. International Enterprise Singapore group director for South-east Asia Ivan Tan said: "In the past, many companies wanted to go to China because it is very big, but now that it has slower growth, many companies are looking to Asean for its high growth."
Other draws for investors include Indonesia's young population and Singapore's strong ties with Indonesia, he added.Mr Tan singled out infrastructure, especially utilities, as an area for Singapore firms to look into, noting Mr Joko's ambitious plan to generate an additional 35,000 megawatts of electricity by 2019.
Larger firms could look to opportunities in utilities such as electricity and water, while small and medium-sized enterprises (SMEs) can look at renewable energy, he added. Mr Tay Kiat Seng, chief executive of water engineering firm Memiontec, has been doing business in Indonesia for over a decade and took the plunge to invest last year, given the "energetic administration".
The company is collaborating with Jakarta to convert water from a major canal into clean water. He added that challenges in the past, such as applying for licences, were less problematic .
http://www.en.netralnews.com/news/business/read/1646/singapore.firms.eye.indonesia.for.growth
Jakarta. Lotte Chemical Titan, a local petrochemical unit of South Korean conglomerate Lotte Group, plans to start construction of a $4 billion naphtha cracker plant in Indonesia next year, a minister said on Friday (17/02).
The project, which has been delayed for three years due to land acquisition problems, will help Indonesia reduce expensive chemical imports, Industry Minister Airlangga Hartarto said.
Lotte Chemical has secured 50 hectares of land in the Krakatau Steel industrial complex in Cilegon, Banten, and plans to add another 30 hectares with a land reclamation project, said Muhammad Khayam, a director at the Ministry of Industry.
The company plans to complete the front-end engineering design this year and start construction next year.
The plant will have a capacity to produce 1 million tons of ethylene – the raw material used in the production of plastic – and 600,000 tons of propylene annually.
The facility will be located close to another that is owned by Chandra Asri Petrochemical – controlled by Indonesian tycoon Prajogo Pangestu's Barito Pacific and SCG Chemicals – which is currently being expanded to double its annual production capacity to 2 million tons of ethylene.
"This would boost our production to 3 million tons a year, so we would have enough to satisfy domestic demand," the minister said.
Indonesia imported around $15 billion worth of chemicals for its local industrial needs. Khayam estimates that Lotte Chemical's naphtha cracker plant will be able to eliminate $1.5 billion in chemical imports, when it starts operations in either 2023 or 2024.
http://jakartaglobe.id/business/lotte-chemical-to-build-4b-cilegon-naphta-cracker-plant-next-year/
Indonesia to strengthen commitments with Iran in energy sector
Jakarta (ANTARA News) - Indonesia will strengthen its commitment to developing the energy sector with Iran, including investment in an oil field in that country, Deputy Minister of Energy Arcandra Tahar said here on Friday.
"Commitments in the energy sector include Pertaminas plan to invest there as well as gas imports," he said after a coordination meeting to discuss the planned visit of the chief economic minister to Iran.
Coordinating Minister for Economic Affairs Darmin Nasution plans to visit Iran as a follow-up to the visit of President Joko Widodo to the country in December 2016.
Arcandra confirmed that the state-owned energy company, PT Pertamina, is ready to invest in two oil fields in Iran and will submit its proposal soon.
"Pertamina will enter two fields and the proposal will soon be submitted to Iran," he informed.
Pertaminas director of upstream business, Syamsu Alam, stated that the National Iranian Oil Companys (NIOC) subsidiary, the National Iranian South Oil Company (NISOC) held talks about the planned investment in the Ab-Teymour and Mansouri oil fields.
"On Feb 11, we held talks with the NIOC. On Sunday, we will talk again," he said.
Syamsu confirmed that the proposal would be submitted during the visit of Darmin Nasution there on February 25.
Pertamina and NIOC had earlier signed a commitment to carry out an initial study of two giant oil fields in Iran---Ab Teymour and Mansouri---that have oil reserves of five billion barrels. The NIOC has offered the two oil fields to Pertamina.
The director of procurement of the state electricity company PLN, Supangkat Iwan Santoso, noted that Indonesia has also offered to invest in Irans electricity sector, especially in the development of generators and capacity improvement of industrial equipment, to support domestic production.
"The IPP (Independent Power Producer) investment includes thermal and renewable power generators and capacity building for industrial equipment to support domestic production. The two are important in addition to maintenance service," he observed.
Supangkat reminded that a number of investors from Iran have already expressed an interest to be involved in the US$5 billion worth of electricity energy projects.(*)
http://www.antaranews.com/en/news/1...ngthen-commitments-with-iran-in-energy-sector
Singapore Firms Eye Indonesia for Growth
NETRALNEWS.COM - Indonesia has jumped to top spot as the most attractive overseas destination for Singapore companies looking to spread their wings. For many companies here, it is a no brainer, given the vast size of the market of 250 million people sitting right at Singapore's doorstep.
Mr Kenny Tan, chief executive of logistics firm Keyfields, said the company is preparing to move into Jakarta by the third quarter of this year. "It is the biggest market in South-east Asia, and we see a lot of opportunities. Many companies are headed there, but with a population of 250 million, we feel that it is big enough for many players."
Nearly half of 1,100 firms surveyed by Singapore Business Federation (SBF) last year picked Indonesia as their top overseas destination. The country jumped from third place in 2015 when it was chosen by 28 per cent of companies surveyed. Indonesia displaced Myanmar, which held the top spot in 2015, but fell to fifth place last year.
SBF chief executive Ho Meng Kit said companies in manufacturing and transport/storage will be expanding more in South-east Asia as the region rapidly develops its infrastructure and connectivity. International Enterprise Singapore group director for South-east Asia Ivan Tan said: "In the past, many companies wanted to go to China because it is very big, but now that it has slower growth, many companies are looking to Asean for its high growth."
Other draws for investors include Indonesia's young population and Singapore's strong ties with Indonesia, he added.Mr Tan singled out infrastructure, especially utilities, as an area for Singapore firms to look into, noting Mr Joko's ambitious plan to generate an additional 35,000 megawatts of electricity by 2019.
Larger firms could look to opportunities in utilities such as electricity and water, while small and medium-sized enterprises (SMEs) can look at renewable energy, he added. Mr Tay Kiat Seng, chief executive of water engineering firm Memiontec, has been doing business in Indonesia for over a decade and took the plunge to invest last year, given the "energetic administration".
The company is collaborating with Jakarta to convert water from a major canal into clean water. He added that challenges in the past, such as applying for licences, were less problematic .
http://www.en.netralnews.com/news/business/read/1646/singapore.firms.eye.indonesia.for.growth
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