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Indonesia Economy Forum

Strong Growth Indonesian Motorcycle Exports in January 2018
source : https://www.indonesia-investments.c...n-motorcycle-exports-in-january-2018/item8596

Indonesia's exports of motorcycles surged 33.8 percent year-on-year (y/y) to 38,021 units (completely built up) in January 2018 on the back of repeat orders in various nations. The latest data were published by the Indonesian Motorcycle Industry Association (AISI).

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not bad.
 
:cheers:
in 2017, indonesia Hit 60 Million smartphone production.
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source : http://setkab.go.id/tembus-60-juta-...roduksi-perangkat-telekomunikasi-kelas-dunia/

*PMDN (Penanaman Modal dalam negeri)/ Domestic Investment
*PMA (Penanaman Modal Asing)/Foreign Investment
*PMDN + PMA / Joint Venture.

2013 Import of smartphone to indonesia reach 63 million units vs / local production or manufacture 105 thousand units.
2014 Import 60 million units / production 5.7 million units.
2015 Import 37 million units decline 40% / Production 50 million units from 23 local & international brand.
2016 Import 18.5 million units decline 36%/ Production 68 million units increase 36%.
2017 Import 11.4 million units / Production 60.5 million units from 34 brand which 11 of them is local brand.
 
Indonesia expects to have more than 5 unicorns by 2019: minister

February 19, 2018 / 10:52 AM

JAKARTA (Reuters) - Indonesia is likely to have more than five startups worth at least $1 billion each by 2019, with healthcare and education the most promising sectors to spawn new unicorns in Southeast Asia’s biggest economy, the communications minister told Reuters.

Driven by a youthful population of more than 250 million people owning at least 100 million smartphones, Indonesia has seen a rapid growth in the number of startups trying to capitalize on this potential in a growing economy.

The country currently has four unicorns - companies that have reached $1 billion in valuation without tapping the stock markets - including ride-hailing company Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.

“In ASEAN (the Association of Southeast Asian Nations) we have seven unicorns and, out of seven, four are coming from Indonesia,” said Minister of Communication and Information Rudiantara, noting that even one of the unicorns in the region outside Indonesia derived most of its revenue from the country.

“I believe that we’ll have more than five unicorns until 2019,” Rudiantara, who uses one name, said in an interview.

Investors in Go-Jek include Tencent Holdings (0700.HK), with Alphabet Inc’s (GOOGL.O) Google joining the latest fundraising. Tokopedia has backing from Alibaba (BABA.N) and SoftBank Group (9984.T), while Traveloka’s backers include Expedia (EXPE.O) and JD.com (JD.O). Bukalapak investors include Singapore’s GREE Ventures.

The minister said that a unicorn was likely to come from the education sector.

“If we see the numbers, I project that has to come from the education (sector),” he said.

Under Indonesia’s constitution, the government has to spend a fifth of its annual budget on education, so even excluding private spending an app or startup only needed to get a small percentage of this “huge” potential, he said.

Indonesia’s state budget for education was 400 trillion rupiah ($29.50 billion) in 2017.

The minister said the biggest local app for education currently was Ruanguru.

The other most promising sector to develop a unicorn is healthcare, which has a state budget of more than 100 trillion rupiah, he said.

He noted the development of startups like HaloDoc offering online medical consultation, while others include Alodokter.

On funding, the minister said that he wanted to help make it easier for unicorns to apply for initial public offerings in Indonesia. Local regulations prevent listings before companies have made a profit for a number of years.

“If necessary, I will go to the OJK (financial regulator) to solve this issue,” he said, adding the government should no longer be just a regulator.

“It’s an old model. The government has to be the facilitator,” said Rudiantara.

https://www.reuters.com/article/us-...han-5-unicorns-by-2019-minister-idUSKCN1G310J
https://www.reuters.com/article/us-...han-5-unicorns-by-2019-minister-idUSKCN1G310J

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Indonesia offers 3 industrial estates for Singapore development

February 19, 2018 / 10:52 AM

JAKARTA - Indonesia’s Industry Minister Airlangga Hartarto said on Monday (Feb 19) he has offered the development of three industrial estates in the country to Singapore.

Speaking in Jakarta, Mr Airlangga said the estates being offered for development were Tanah Kuning Industrial Estate in North Kalimantan, Kuala Tanjung Industrial Estate in North Sumatra and Bitung Industrial Estate in North Sulawesi.

He said the concept of the estates was similar to the development of other industrial estates in the country, such as the Kendal Industrial Park in Central Java, The Jakarta Post reported, citing the Kompas news website.

“Singapore is a neighbouring country that has a strategic role in the interests of Indonesia and the region,” Mr Airlangga was quoted saying.

Mr Airlangga met with Singapore’s Foreign Minister Vivian Balakrishnan in Jakarta last week to discuss cooperation in various sectors.

Dr Balakrishnan had been in Jakarta for a two-day working visit that included a meeting with his counterpart Retno Marsudi, Jakarta Governor Anies Baswedan and Coordinating Minister for Maritime Affairs Luhut Pandjaitan.

During the visit, Dr Balakrishnan said negotiations for a bilateral investment treaty between Indonesia and Singapore would begin later this month, while talks on a double taxation agreement were set to start soon. Dr Balakrishnan had pointed to the two negotiations to illustrate how the Indonesia-Singapore leaders’ retreats held in recent years had helped enhance bilateral cooperation between the two countries.

In addition to cooperating on investments, the two countries are also cooperating in improving the quality of vocational education in Indonesia. Singapore, Mr Airlangga noted, had a role in developing a furniture polytechnic at the Kendal Industrial Park that is slated to start operating this year with an inaugural class of 96 students.

The polytechnic in the 2,700ha park — being jointly developed by Singapore’s Sembcorp Development and Indonesia’s industrial estate developer PT Jababeka — was first announced at the Leaders’ Retreat between President Joko Widodo and Prime Minister Lee Hsien Loong in Singapore last September.

Last week, the two Foreign Ministers said four more tenants had signed up to operate in the park, bringing to 36 the total number of firms there and that the park would generate about 5,000 jobs.

Mr Airlangga added that 25 principals of vocational senior high schools across Indonesia would also be taking part in a leadership training program at Singapore’s Institute of Technical Education that was expected to begin on Monday and run until March 3.

Singapore was the largest contributor of foreign investment in Indonesia in 2017, investing US$8.4 billion (S$11 billion), or 26.2 per cent of total foreign investment in Indonesia. The Republic was followed by Japan with US$5 billion and China with US$3.4 billion.

http://www.straitstimes.com/asia/se...-industrial-estates-for-singapore-development

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PT. Sky Energy Indonesia
The PV Solar Cell and Module manufacturer in Indonesia

Corporate-Profile.pdf


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PT Sky Energy Indonesia is a subsidiary company of private owned company Trinitan Group video profile at 4:09
 
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Australian mango and dragon fruit growers set to face competition from Indonesian imports

By Matt Brann - 20/02/2018


Indonesia looks set to begin exporting mangoes to Australia for the first time, after a trade deal was advanced between the two nations in Melbourne last week.

According to Indonesian media, the first trays of Indonesian mangoes are due to arrive in October, putting them in direct competition with the Australian harvest.

While plenty of growers have told the ABC they are angry about the deal, Australian Mango Industry Association chief executive Robert Gray remains calm.

"I don't think it's a major concern for Australian growers, because Australian mangoes have secured a very strong position in the marketplace and the Australian-grown product is the consumers' mango of choice," he said.

"Indian mangoes, Pakistani and Vietnamese mangoes have all been given access to Australia in recent years, and experience has shown they have all struggled to capture any foothold in our marketplace, because our industry has been very good at delivering great mangoes to the market."

Mr Gray said Indonesia had been pushing to get mangoes into Australia for about 25 years, with negotiations beginning in November 2015 to work on a protocol for the fruit.

The federal Department of Agriculture confirmed in a statement that Indonesia was seeking market access for mangoes through the "irradiation treatment pathway", and an approach had been agreed to during an Australia-Indonesia meeting in Melbourne last week.

"It is expected the systems and procedures for this treatment pathway will be in place in time for the upcoming mango export season expected to commence in September," the department said.


Government silent on imports

If trade is a two-way street, then the Federal Government seems determined to only talk about one lane.

Following last week's trade forum in Melbourne, federal Agriculture Minister David Littleproud happily announced that seed potato farmers across South Australia and Victoria "will be celebrating after today's breakthrough in securing new market access to Indonesia".

According to the Minister, more than 300 seed potato farmers could now export their product to Indonesia — but at what cost to Australia's mango and dragon fruit industries, which will now face competition from imports?

Mr Littleproud flew to the Northern Territory on Friday and visited a mango plantation near Darwin where, according to local mango growers, he did not mention the Indonesian deal that had been signed the day before.

"He kept saying he was there to help us and didn't mention anything that would destroy us," one mango grower told the ABC Country Hour.

"We've been sold out or traded for another commodity … I would say David Littleproud hasn't got much to be proud of at all," NT mango farmer Leo Skliros said.

Mr Skliros believes imports from Indonesia will hurt local growers.

"The top of the market is determined by the bottom, so an inferior product coming in might not be in direct competition [with our fruit] in the supermarkets, but for a lot of businesses they do buy that lower grade fruit and it'll drag the price down," he said.

In a statement to the ABC, Mr Littleproud said mango imports to Australia were not new, and he defended his Government's view on trade.

"Australian farmers rely on exporting their produce overseas, and our exports rely on Australia also receiving imports from overseas in return. If Australia locks the door to imports, other countries retaliate by blocking our exports, and the entire Australian agriculture industry falls over.", he said.


Dragon fruit growers facing more imports

The Department of Agriculture said it was also conducting a review of biosecurity requirements to allow for the importation of fresh dragon fruit from Indonesia.

A draft report has been published for stakeholder consultation, and submissions close on March 19.

"It is anticipated that a final report will be published towards the middle of 2018," the department said.

"Export can only begin once Australia is satisfied that Indonesia can meet the bio security requirements."

Australia's dragon fruit industry is already experiencing dwindling returns, after the Federal Government last year allowed Vietnam to start exporting the exotic fruit to Australia.

Northern Territory grower Marcus Karlsson said he was having one of his worst seasons because the Vietnam fruit had dragged the price down.

Speaking to the ABC last week, Mr Karlsson said he was losing about $20 per tray and was seriously considering his future in the industry.

When asked about the prospects of imports coming in from Indonesia, he said it would be "another nail in the coffin".

"It's just another example of our Federal Government doing its best to ruin a Territory industry," he said.

"And basically, we've got the Minister [David Littleproud] telling us to go suck eggs. It makes you wild."

http://www.abc.net.au/news/rural/20...ngoes-set-to-be-imported-by-australia/9466770

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Indonesia playing ever more key role in stainless steel market
February 21, 2018 by Editorial Staff

Asia: Liquid stainless output remains 'at healthy levels throughout the world' while the order intake and production outlook for Europe offers grounds for optimism, observes Joost Van Kleef, chairman of the BIR world recycling organisation's stainless steel & special alloys committee.

Writing in the committee's latest Mirror report, Van Kleef says that shipments of stainless steel from Indonesia to China have emerged as 'a significant factor' in the marketplace since August last year. 'Unfortunately,' he adds, 'this product is made without any CO2-emission-reducing stainless scrap.'

Stainless mill demand in Asia has 'turned weak' early in 2018, with mills in Taiwan, South Korea and Japan 'only purchasing small cargoes' on long-term contracts, it is also reported in the Mirror. This situation appears likely to remain unchanged ahead of the second quarter, it is added.

Indonesia could surpass India as the world’s second-largest stainless steel producer over the coming few years, some experts believe. In India itself, the government has begun to release delayed tax and duty refunds to industry which, according to the Mirror, had also led to ‘some drastically delayed payments to mills' scrap suppliers'.

It is also reported that China's ever-expanding Tsingshan group is currently involved in a US$ 2.3 billion project to build an integrated smelting, hot rolling and cold rolling plant in the Indian state of Gujarat, with a reported annual crude stainless capacity of 2 million tons once fully completed in five to six years from now. 'Less encouraging is the fact that Tsingshan prefers producing stainless steel with NPI rather than with stainless scrap,' the Mirror notes.

In the USA, production of industrial scrap has been 'very high' whereas flows of obsolete scrap have been hit by adverse weather conditions and lack of demolition activity. Demand from stainless mills is reportedly healthy both in the USA and Europe against the backdrop of decent order books for finished product.

For superalloys, decent demand from the aerospace, power and automotive sectors has been tempered by 'sluggish' orders from the oil and gas sector.

This article is based on the latest World Mirror on Stainless Steel & Special Alloys produced by the BIR world recycling organisation for the benefit of its members.

https://www.recyclinginternational....ing-ever-more-key-role-stainless-steel-market
https://www.recyclinginternational....ing-ever-more-key-role-stainless-steel-market
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Indonesia Becomes First Asian Country to Sell Green Bonds

Indonesia will become the first Asian country to sell "green" bonds internationally as it looks to tap into growing investor interest in climate-friendly investments.

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Globally, $155.5 billion of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, where the proceeds are earmarked for investment in environmentally friendly projects.

Indonesia on Thursday (22/02) launched a five-year green Sukuk bond - which means the deal will conform to Islamic finance norms as well. While no exact target for the amount it expects to raise has been set, termsheets seen by Reuters suggest at least $300 million.

Last year the Southeast Asian country was upgraded to investment grade by Standard & Poor's, giving Indonesia investment grade ratings from all three major agencies that will improve its chances of borrowing more cheaply in international markets.

However, the green deal launches as global markets are being whipsawed by investors weighing positive economic growth prospects against worries about looming U.S. interest rate rises.

Indonesia is marketing a 10-year sukuk bond at the same time as the green deal. Initial price guidance sent to investors suggests the five-year green bonds would carry a coupon of 4.05 percent and the 10-year notes, 4.70 percent.

Global green bond issuance hit a record for the fifth consecutive year in 2017. Bankers expect further growth in the market this year as investor demand begins on occasion to produce so-called "greeniums" where green bonds can be sold at a premium — lowering borrowing costs — to regular bonds.

In Asia, Chinese and Indian companies have increasingly turned to the green market to finance environmentally friendly projects but governments had until now stayed away. Worldwide, countries to have sold sizeable amounts of green bonds include Poland -- the first-ever -- and France.

Indonesia has not said exactly what it will use the proceeds of its sale for. In January, Finance Minister Sri Mulyani Indrawati told Reuters that her team had had good feedback from investors in initial conversations about the deal.

CIMB, Citigroup, Dubai Islamic Bank PJSC , HSBC and Abu Dhabi Islamic Bank are bookrunners on the deal.

http://jakartaglobe.id/business/indonesia-becomes-first-asian-country-sell-green-bonds/


Indonesian Ministries and Agencies to Start Using Credit Cards to Pay for Expenses

The Indonesian government will start using credit cards to buy goods and pay for travel expenses to simplify spending, Finance Minister Sri Mulyani Indrawati said on Tuesday (21/02).

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"This will make it easier for ministries and agencies to carry out their activities. They won't have to withdraw cash and carry it everywhere," Sri Mulyani said.

"It will also be more accountable because each transaction will be recorded," she said.

The minister said credit cards will be used to pay for goods, operational and non-operational expenses, inventories, rents, maintenance services and official trips.

The credit cards will be provided by state-owned banks including Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI) and Bank Tabungan Negara (BTN).

Sri said the new system should help ministries and agencies spend their subsidies as outlined in the 2018 state budget.

The government has set aside Rp 847 trillion ($62 billion) this year to be spent by ministries and agencies, up 11 percent from last year.

Wahyudi Darmawan of BRI said the lender plans to issue 10,000 credit cards for ministries and agencies this year.

The government credit cards will not be charged interests, but there will be a one time joining fee of Rp 1.5 million plus a tiny monthly fee.

In comparison, corporate credit cards usually charge an annual fee, a monthly fee and interests.

Sri also warned ministries and agencies to plan their budget better.

Ministry and agency task teams usually revise their budgets at least twice, drafting them to secure approval, not for the benefit of the people, the minister said.

"This is the Indonesian people's money, we should design our budgets to benefit them," she said.

"Next year, I will sanction ministries and agencies that revise their budget multiple times. Maybe by withholding that very same budget," Sri said.

http://jakartaglobe.id/business/ind...encies-start-using-credit-cards-pay-expenses/
 
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Indonesian aviation company Regio Aviasi Industri has signed up Italian-based Leonardo's Aerostructures Division and aeronautical manufacturer LAER to help complete the development of its R80 turboprop airplane over the next four years in an effort to tap into growing demand for short-haul flights across the archipelago
 
Finance fuels Indonesia giant

72MW Tolo 1 wind farm reaches financial close, due online this year

22/02/2018

Asian-Pacific independent power producer Equis Energy has reached financial close at the 72MW Tolo 1 wind farm in Indonesia.

The wind farm, which will be among the largest developed there, is to feature Siemens Gamesa 3.6-130 turbines and is due to be operational later this year.

Mott MacDonald acted as technical, environmental and social advisor to the Asian Development Bank during financing.

The advisor is also providing construction and operations monitoring at the site in Sulawesi.

Mott MacDonald project manager Robin Ingram said: “Tolo 1 reaching financial close is another major milestone for Indonesia’s wind industry and aligns with the country’s ambitious plans for greater renewable energy integration going forward.”

http://renews.biz/110270/finance-fuels-indonesia-giant/
http://renews.biz/110270/finance-fuels-indonesia-giant/
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