Indonesia Economy Forum

[pr1v4t33r]

Asian Nations Swimming in Debt at Risk From Fed Rate Hikes

Indonesia have avoided the accelerating pace of leverage elsewhere, partly because of relatively less developed banking industries that make it harder for households to borrow. Indonesia also has strict fiscal rules in place, a legacy from past crises, that cap the annual budget deficit at 3 percent of GDP and total government debt at 60 percent of GDP.

According to a recent Standard Chartered Plc report looking at the evolution of Asian leverage between June 2008 and June last year, Malaysia’s overall debt load rose to 240 percent of GDP, up from 173 percent of GDP. This is one of the largest increases of any country in Asia during the eight-year period.

Readmore: https://www.bloomberg.com/news/arti...aise-risks-for-asian-nations-swimming-in-debt

 

[Shotgunner51]

Reminder, forum rules prohibit personal attack (on PDF members), national attack (on general public of a nation or ethnicity). This is Indonesian Economy Forum, special reminder to non-Indonesian posters to stay on topic, don't derail.

 

[Shotgunner51]

Indonesia`s forex reserves up to $121.8 billion

Jakarta (ANTARA News) - Indonesias foreign exchange reserves rose US$1.9 billion to US$121.8 billion as of March 2017 due in part to the issuance of US dollar-denominated sharia compliant global bonds (sukuk) early this year.

"Foreign exchange reserves at the end of February 2017 stood at US$119.9 billion," Deputy Senior Governor of Bank Indonesia (BI) Mirza Adityaswara said here on Friday.

The government earned US$3 billion or Rp40 trillion from the issuance of global sukuk at the end of March 2017, he said.

source : antaranews

I just check Bank Indonesia again, it's a steady increase from $110.93059 billion (excluding other reserves assets like gold, SDR, RPF) at end 2016, good news!

http://www.bi.go.id/en/iru/economic-data/external-sector/Contents/Default.aspx#

 

[MarveL]

This airport will be the 4th airport in Indonesia that has direct access with train track after, Kuala Namu International Airport at North Sumatera, Minangkabau International Airport at West Sumatera and Soekarno-Hatta International Airport at Jakarta.
http://www.en.netralnews.com/news/b...breaks.ground.of.adi.soemarmo.airport.railway

The first airport with direct access to railroad is Adisutjipto Airport, far before the Kuala Namu Airport.

http://jejakkay.blogspot.com/2008/11/adi-sucipto-bandara-pertama-terkoneksi.html

 

[Nike]

Indonesia needs to do more to attract foreign investment: Jokowi
Sabtu, 15 April 2017 23:25 WIB - 0 Views

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) said Indonesia needs to do more, and provide greater facilities to attract foreign investors to the country.

The president cited investment which he described as insignificant in amount by Saudi Arabia in Indonesia compared with in other countries.

He pointed to Saudi investment of nearly Rp870 trillion in China almost ten times the investment of Rp89 trillion pledged by King Salman bin Abdulaziz al Saud when the Saudi king visited Indonesia recently.

"That, however, should prompt us to make introspection and correction , why we could not attract larger investment. It could be an input for Indonesia to make large success by improving business facility and legal certainty.

"Indonesia with abundant natural resources should be able to attract foreign investors more than many other countries," Jokowi said after officially commissioning a new Mosque Hasyim Ashari here on Saturday.

He said many foreign leaders have been surprised to learn the countrys abundant natural wealth and social cultures.(*)
Editor: Heru

COPYRIGHT © ANTARA 2017
http://m.antaranews.com/en/news/110...-do-more-to-attract-foreign-investment-jokowi

 

[kaka404]

YouTube Users in Indonesia Drawn to Education Over Entertainment
More users subscribe to tutorials than any other type of channel
April 17, 2017
YouTube users in Indonesia are gravitating to the educational over entertainment. In a February 2017 survey, research firm JakPat found that tutorial channels were the most popular type of channel among YouTube users in the country, more than those run by YouTube personalities, entertainment studios or celebrities.

JakPat found that 54.0% of respondents who subscribed to any YouTube channel signed up for tutorial-focused content. In comparison, just over half (50.3%) subscribed to personal or YouTube artist channels, while 35.0% subscribed to channels produced by entertainment studios, TV shows or production houses.



YouTube users in Indonesia appear to be relying on the platform to realize one of the long-heralded promises of the internet—increased access to information. There’s already sizable audiences for that type of content. eMarketer estimates that 75.9 million people in the country will watch digital video regularly this year, up 13.9% from 2016.

JakPat also found that, while only 14% of respondents uploaded their own content to YouTube, tutorials were the most common type of video shared. In fact, 43.4% of uploaders had shared a tutorial video, more than the 41.1% who had uploaded a review or snippets of daily life (37.3%).

YouTube viewing is already a well-entrenched habit among internet users in Indonesia. According to September 2016 data from Kantar TNS, 89% of web users in the country use the platform.

One of YouTube’s main advantages over other video-on-demand (VOD) platforms is that it’s free. Data released by Digital TV Research last October indicates that just 200,000 people in the country had signed up for a subscription VOD service. That’s a tiny sliver of Indonesia’s total population, which was projected to hit 260.6 million in 2016, according to United Nations data.

—Rahul Chadha
https://www.emarketer.com/Article/YouTube-Users-Indonesia-Drawn-Education-Over-Entertainment/1015676
what have you been watching....

 

[Nike]

YouTube Users in Indonesia Drawn to Education Over Entertainment
More users subscribe to tutorials than any other type of channel
April 17, 2017
YouTube users in Indonesia are gravitating to the educational over entertainment. In a February 2017 survey, research firm JakPat found that tutorial channels were the most popular type of channel among YouTube users in the country, more than those run by YouTube personalities, entertainment studios or celebrities.

JakPat found that 54.0% of respondents who subscribed to any YouTube channel signed up for tutorial-focused content. In comparison, just over half (50.3%) subscribed to personal or YouTube artist channels, while 35.0% subscribed to channels produced by entertainment studios, TV shows or production houses.



YouTube users in Indonesia appear to be relying on the platform to realize one of the long-heralded promises of the internet—increased access to information. There’s already sizable audiences for that type of content. eMarketer estimates that 75.9 million people in the country will watch digital video regularly this year, up 13.9% from 2016.

JakPat also found that, while only 14% of respondents uploaded their own content to YouTube, tutorials were the most common type of video shared. In fact, 43.4% of uploaders had shared a tutorial video, more than the 41.1% who had uploaded a review or snippets of daily life (37.3%).

YouTube viewing is already a well-entrenched habit among internet users in Indonesia. According to September 2016 data from Kantar TNS, 89% of web users in the country use the platform.

One of YouTube’s main advantages over other video-on-demand (VOD) platforms is that it’s free. Data released by Digital TV Research last October indicates that just 200,000 people in the country had signed up for a subscription VOD service. That’s a tiny sliver of Indonesia’s total population, which was projected to hit 260.6 million in 2016, according to United Nations data.

—Rahul Chadha
https://www.emarketer.com/Article/YouTube-Users-Indonesia-Drawn-Education-Over-Entertainment/1015676
what have you been watching....

as long as is not tutorial on how to making EOD and VBIED is good

 

[Nike]

State companies perform better: Minister
Selasa, 18 April 2017 12:52 WIB - 0 Views

Jakarta (ANTARA News) - State Enterprises (BUMN) Minister Rini Soemarno said here on Tuesday state companies have performed better than they did three years earlier.

"My thanks to all employees of the BUMN Ministry. After my time here for 2.5 years , we are much better than it was three years ago," Rini said addressing the 19th anniversary ceremony of the ministry here on Tuesday.

In the past the BUMN Ministry worked only like a post office doing paper works issuing license for state companies, she said.

"Now the Ministry functions more effectively like a corporation, a supervisor and a regulator representing the government," she said.

She said she was proud for having succeeded in putting state companies under a ministry from earlier operating separately under various ministries.

The minister reminded state companies of the importance of transforming into a digital world their working system to keep pace with the modernity.

"All officials and employees of state companies have to be ready for digital world," she was quoted as saying earlier.(*)
Editor: Heru

COPYRIGHT © ANTARA 2017

http://m.antaranews.com/en/news/110489/state-companies-perform-better-minister

 

[pr1v4t33r]

Congrats for the new Jakarta governor

Unofficial real count by Mata Rakyat

 

[MarveL]

Congrats for new Jakarta governor.

well see, what's jakarta gonna be in five year ahead.

 

[Nike]

State firm PT BBI books profit after 13 years of losses

• 
  
  Stefani Ribka
  The Jakarta Post
  

Pasuruan, East Java | Tue, April 18, 2017 | 06:20 pm

Workers process hoe heads at state- owned industrial tools producer and contractor PT Boma Bisma Indra (BBI) in Pasuruan, East Java, on Apr. 18. PT BBI started producing hoe heads again after halting hoe production in 2004 as it focused on making oil and gas industrial equipment. (JP/Stefani Ribka)
State-owned industrial tools producer and contractor PT Boma Bisma Indra (BBI) booked a profit in 2016 after experiencing losses since 1993, its president director, Rahman Sadikin, said on Tuesday.

“Last year, we booked a profit as we managed to cut unnecessary costs and were more selective by only taking low or zero risk projects,” he said during a media visit to the factory in Pasuruan, East Java on Tuesday.

In 2016, the firm reaped Rp 3 billion (US$226,415) in net profit from Rp 180 billion sales, 60 percent of which came from engineering construction procurement (EPC), around 35 percent from industrial tools sales and about 5 percent from selling agriculture and gardening tools.

PT BBI aims to maintain its profits from now on, pinning hope on government’s policy to use more local content in infrastructure projects, ranging from power plants to agriculture tools.

It has secured a long term service agreement (LTSA) from PT Pembangkit Jawa Bali, a subsidiary of state electricity operator PLN, to maintain 33 power plants across the country as well as 100,000 pieces of hoe heads ordered by state trading firms PT Perusahaan Perdagangan Indonesia (PPI) and PT Sarinah last February.

It has also been supplying boilers, tanks for oil, gas and crude palm oil firms in the country and exporting agriculture tools to Timor Leste.

BBI aims to reap Rp 6 billion net profit and Rp 275 billion revenue this year. (bbn)
http://www.thejakartapost.com/news/...bi-books-profit-after-13-years-of-losses.html

 

[striver44]

Positive Outlook for Indonesia as Economic Growth Projected to Increase in 2017
Posted On 29 Mar 2017
By : Leo Jegho


While Indonesia’s economic growth was set at 5.1 percent for this year, improving economic outlook would mean that growth could go as high as 5.3 percent.

The Indonesian capital city of Jakarta. (Photo source: Pixabay/Fuzz)

Jakarta, GIVnews.com – The government is considering to revise a number of its economic assumptions for the 2017 State Budget (APBN) due to rising world oil prices and strengthening of the rupiah exchange rate.

The 2017 APBN set the price of Indonesian Crude Price (ICP) at US$45 per barrel while current world oil prices average above US$50 per barrel. Those prices have been in an uptrend since early this year, Finance Ministry Director General for State Budget Askolani told Kontan.co.id last Saturday.

Meanwhile, the 2017 APBN assumed the rupiah to stand at 13,300 per US dollar, which has relatively been stable since early this year. But, its year-to-date level is slightly above Rp13,300 and is showing signs of strengthening, according to Suahasil Nazara, chief of the Ministry of Finance Fiscal Policy Agency (BKF).

The website said that another reason behind the planned economic assumption revision was oil lifting. Indonesia’s oil lifting is currently showing its signs of rising from the 815,000 barrels per day (bpd) as stated in the 2017 State Budget, the newspaper quoted Askolani as saying. Rising inflation also added to those factors.

While Indonesia’s economic growth was set at 5.1 percent for this year, improving economic outlook would mean that growth could go as high as 5.3 percent. The prediction is aligned with that of several institutions including the World Bank and Bloomberg Consensus Forecast, which predicted that the economy would grow by 5.3 percent this year. Furthermore, Fitch predicted that Indonesia will achieve 5.3 percent economic growth in 2017, as reported by Antaranews.com.

Indonesia’s economy grew 5.02 percent in 2016, up from 4.8 percent in the previous year. In 2016, economic growth target was initially 5.3 percent and was later revised downward to 5.1 percent.

 

[patu]

Congrats for new Jakarta governor

View attachment 391516
Unofficial real count by Mata Rakyat

proficiat to the jakartans, and let Anies - Sandi work for you all now.
Support them to full fill their promisse so they can do their best for your city and the country.

 

[Nike]

BKPM cooperates with Chinese insurance firm to boost investment
Selasa, 18 April 2017 20:41 WIB - 0 Views

Jakarta (ANTARA News) - Indonesias Investment Coordinating Board (BKPM) has worked in cooperation with China Export and Credit Insurance Corporation (Sinosure) to increase Chinese investment in Indonesia.

The cooperation to promote direct investment was signed by BKPM deputy of investment controlling and implementation Azhar Lubis and Sinosure Vice President Zha Weimin here on Tuesday.

Sinosure is a Chinese state-owned insurance company that provides insurance and loans for trade and direct investment.

"Under the agreement, BKPM and Sinosure will cooperate to provide information and hold a direct meeting with clients who are keen to invest in Indonesia. Thus, BKPM can get potential investors with financial support," Azhar stated.

The cooperation with the largest Chinese financial institution would become a strategic move to promote investment in Indonesia.

It would also help investors to materialize their investment and trade in the country, he added.

Azhar admitted that many Chinese investors have faced financial obstacles.

"Many investors could not get financial support. We will help in connecting them with Sinosure," he assured.

Meanwhile, Zha Weimin asserted that the agreement is expected to eliminate hindrance in Chinese investment funding to Indonesia.

"We understand the importance of this cooperation. We are ready to share information and hold business meeting with BKPM," Zha remarked.

A data of BKPM showed that Chinese investment in Indonesia during the past five years has ranked seventh largest with a total investment of US$4.53 billion.

In 2016, the investment jumped almost thrice higher to $2.6 billion from $628 million of investment in 2015.

The government would boost foreign investment to Indonesia and target a total investment of $51 billion (Rp680 trillion) in 2017 and $65 billion (Rp865 trillion) in 2018.(*)
Editor: Heru

COPYRIGHT © ANTARA 2017

http://m.antaranews.com/en/news/110...th-chinese-insurance-firm-to-boost-investment

 

[pr1v4t33r]

VP Pence meets Indonesian president on Asia tour
Presiden Joko Widodo menyambut kedatangan Wakil Presiden Amerika Serikat (AS) Michael Richard Pence di Istana Merdeka, Jakarta, Kamis (20/4/2017). Keduanya kemudian melakukan pertemuan di beranda Istana Merdeka.