Indonesia Economy Forum

[elis]

doesn't know it, i am not using smart phone until now

Really?

Can someone explain how wechat is great?

 

[AViet]

What is Indonesia's 2013 GDP in US$. I hope that it is still growing, despite of big devaluation of rupiah.

 

[Nike]

What is Indonesia's 2013 GDP in US$. I hope that it is still growing, despite of big devaluation of rupiah.

around 950 billion US dollar per Desember, i read it in some local newspaper

 

[AViet]

It would be great if the number is true, but I am afraid that it is inaccurate, given that 2012 GDP was 878 billions and rupiah was depreciated from roughly 9400 to 11900 per US$.

 

[Nike]

around 950 billion US dollar

It would be great if the number is true, but I am afraid that it is inaccurate, given that 2012 GDP was 878 billions and rupiah was depreciated from roughly 9400 to 11900 per US$.

nope, still our economic grows and doesn't contracted at all because of that depreciated value of Rupiah, thanks to massive investment in infrastructure and manufacturing sector from our local investor and aboard last year.

 

[Daniel808]

What is Indonesia's 2013 GDP in US$. I hope that it is still growing, despite of big devaluation of rupiah.

I am surely
Surpass 1 Billion for PPP.
For Nominal, maybe under 1 billion

 

[nufix]

I am surely
Surpass 1 Billion for PPP.
For Nominal, maybe under 1 billion

did you mean trillion?

 

[Viet]

do you have any estimated figures for 2014:
foreign currency reserves, current account balance and short term debt?

 

[Nike]

do you have any estimated figures for 2014:
foreign currency reserves, current account balance and short term debt?

You can see in this link
Indonesia | Economic Forecasts | 2013-2015 Outlook

I am surely
Surpass 1 Billion for PPP.
For Nominal, maybe under 1 billion

As long as dollar from overseas coming to Indonesia, we can keep the economics growth in absolute terms. So it will be doesn't matter if Rupiah got depreciate for a while against US Dollar.

 

[Daniel808]

did you mean trillion?

Yes.
Thanks for the correction

As long as dollar from overseas coming to Indonesia, we can keep the economics growth in absolute terms. So it will be doesn't matter if Rupiah got depreciate for a while against US Dollar.

I hope so.
Hope we can Attracting more and more Investment from China and Japan.
so we can Decrease our Imports, especially for Automotive Components from Japan

 

[Daniel808]

Indonesian economy grows 5.78 pct in 2013, slowest in 4 years

(Reuters) - Indonesia's economy in 2013 grew at its slowest pace in four years, the statistics bureau said on Wednesday, as the end of a commodities boom undermined exports and higher interest rates dragged on consumption.

Gross domestic product rose 5.78 percent in 2013, after a 6.23 percent increase in 2012 and marking the slowest growth since 2009. The result compared with the median forecast of 5.7 percent growth in a Reuters poll of economists.

Southeast Asia's biggest economy has enjoyed annual growth of more than 6 percent in recent years, underpinned by spending among its growing middle class.

But domestic demand has started to feel the impact of aggressive rate increases by the central bank aimed at easing the current account deficit and reining in inflation.

In the October to December period, the economy grew 5.72 percent from a year earlier, while on a quarterly basis it contracted 1.42 percent. Economists had expected 5.30 percent growth on an annual basis and a quarterly 1.67 percent contraction.

The rupiah traded at 12,185 to the dollar after the announcement.

Indonesia's main stock index .JKSE was up 0.36 percent.

Indonesian economy grows 5.78 pct in 2013, slowest in 4 years| Reuters

 

[Nike]

N. Sumatra sets higher target for corn production this year
Sat, February 22 2014 21:31 | 718 Views


Photo document of farmers sort of yellow maize cornyields. (ANTARA/Aguk Sudarmojo)


Medan (ANTARA News) - North Sumatra sets target for corn production at 1,628,149 tons this year, up from last years target of 1,494,050 tons.

"Last year production reached only 1,71,067 tons or far short of the target. But this year we are set to reach the target," head of the regional agriculture office M. Roem.S said here on Saturday.

The target is based on assumption that this year harvest areas would total 304,744 hectares with productivity of 53.43 quintal per ton.

This year, corn plantation is expected to reach 310,963 hectares in North Sumatra, he said.

"All problems last year such as extreme weather, are not expected to happen this year," he said, adding "therefore, we are convinced the production target could be reached."

He said we strongly hope that the target could be reached as corn consumption has increased in the province from year to year.

Demand has continued to increase especially from animal feed producers, he said.

He said production has always fallen short of requirement that animal feed factories have to rely more on imports for corn.

So far imports have come mainly from India, he said.

A corn grower Dirman, in Tanjung Morawa, Deliserdang, said the price of corn grain is quite good lately around Rp3,500 per kilogram.

N. Sumatra sets higher target for corn production this year - ANTARA News

Indonesia has come out of difficult times: Finance minister
Sat, February 22 2014 00:16 | 928 Views


Finance Minister Chatib Basri (ANTARA FOTO/Fanny Octavianus)



Jakarta (ANTARA News) - Indonesias economy has already emerged out of a difficult time caused by domestic factors and global economic fluctuations after a number of policies were issued to tackle the problems, stated Finance Minister Chatib Basri.

"The current account deficit and inflation rate have reduced, while the rupiah exchange rate has shown a rising trend, and the economic growth remains quite high," he noted in a press statement at the Indonesian Embassy in Australia, received here on Friday.

Chatib Basri issued the statement while delivering a general lecture at the Australian National University in Canberra, which was attended by more than 200 people.

Apart from this achievement, the minister emphasized that in the long term, Indonesia must take serious efforts to improve its human resources, infrastructure, and state institutions in order to transform itself from a middle-income to an advanced country.

With regard to the countrys relations with Australia, he remarked that the two countries have a huge potential to build economic partnership and play an important role in the world economy.

The minister noted that Indonesia still needs to invest in the field of human resource development in order to boost economic transformation.

"Human resources, infrastructure, and institutional improvement are three key areas, which have to be addressed to assure continued growth," he claimed.

Chatib Basri is in Australia to attend the meeting of the finance minister and central bankers of the G-20 countries scheduled to be held in Sydney, on February 22-23.

At the lecture organized by the Indonesian Embassy, the minister shed light on the progress achieved in various areas by the country and also responded to queries raised on various latest economic issues.(*)
Editor: Heru

COPYRIGHT © 2014

Indonesia has come out of difficult times: Finance minister - ANTARA News

 

[MarveL]

Indonesian and Korean companies build RFID plant in Bandung
Friday, 28 Februar

REPUBLIKA.CO.ID, BANDUNG - State-owned telecommunication network and solution company, PT Industri Telekomunikasi Indonesia (INTI) through its subsidiary PT INTI Pindad Mitra Sejati (IPMS) opened a production facility of fiber optic cables and accessories. Company also established a plant-based electronic radio frequency identification (RFID), called PT INTI Global Optical Communication (IGOC) Indonesia in Bandung, West Java, on Friday.

"It is a joint venture between our subsidiary with a Korean company, Global Optical Communication with shareholding of 75 percent," President Director of INTI, Tikno Sutisno said on Friday.

The production facility is one way to build self reliance in domestic industry. The plant will operate in March built on an area of 80 thousand square meters, divided into several production facilities. The first floor is reserved for fiber optic cable production, consisted of three units of three line with engine capacity of seven million meters per year. The second floor is used for RFID and engine production with total capacity of 48 units or 12-15 million products per unit.

Korean company will bring raw materials, accessories, also optic cables and RFID from South Korea to be assembled in Bandung, while 30 percent of it came from local components. Company seeks consumers from telecommunication business sector, broadcasting, and internet.

Indonesian and Korean companies build RFID plant in Bandung | Republika Online

 

[MarveL]

Toyota builds passenger car engines' plant in Indonesia

Some workers make final check on cars at Toyota''s car factory in Karawang, West Java. (File photo)

REPUBLIKA.CO.ID, JAKARTA - PT Toyota Motor Manufacturing Indonesia finally put the first groundbreaking of development of second engine plant in Indonesia. The plant will produce passenger car engines with investment of 2.3 trillion IDR. The machine components are made from aluminium.

Toyota will focus on national automotive industry through this plant. Therefore, the new plant will increase local components, from 60 to 80 percent.

Vice President of Toyota Motor Manufacturing Indonesia, Warih Andhang Tjahyono explained that the construction would have an impact on development of new local plant component suppliers. Toyota currently has 25 units of local manufacturing suppliers and will be increased to 40 units.

"The positive impact to Indonesia will happen in 2017," Chairman of Toyota Astra Motor, Hiroyuki Fukui added.

Toyota Indonesia increased its export up to 50 percent to Middle East countries, South America and Africa. Company previously commited to invest 13 trillion IDR in Indonesia. Toyota's passenger car engine plant is built on an area of 150 hectares.

Toyota builds passenger car engines' plant in Indonesia | Republika Online

 

[MarveL]

Indonesia granted $350m for geothermal plant
Mar 31, 2014, Priyanka Shrestha, Markets & Finance, Sustainability & Environment

The Asian Development Bank (ADB) has approved a grant worth $350 million (£210m) to support the construction of a geothermal plant in Indonesia.

The 320MW Sarulla Geothermal Power Development Project in North Sumatra – scheduled for completion in 2018 – is expected to cut 1.3 million tonnes of carbon emissions every year in the nation.

Indonesia currently uses coal and oil to produce 65% of its electricity but holds around 40% of the world’s geothermal resources, according to the ADB.

Jackie B. Surtani, Senior Investment Specialist in ADB’s Private Sector Operations Department said: “Geothermal power taps into an abundant indigenous resource in Indonesia that can provide a more sustainable and secure form of clean energy while significantly lowering carbon emissions.”

Indonesia aims to increase its share of renewable energy from 5% to 25% by 2025 and cut greenhouse gas emissions by 26% by the end of the decade.


Energy Live News – Energy Made Easy – Indonesia granted $350m for geothermal plant