Indonesia Economy Forum

[Cliftonite]

Sumatra has already had some. It is the other potential after Java due to the location which is next to Mallacca Strait. Borneo will be focused for agricultural industry.

An alternative to Singapore on the Malacca strait.

 

[Indos]

Locally made COVID-19 detector approved by Health Ministry ​

News Desk

The Jakarta Post Jakarta / Sun, December 27, 2020 / 07:11 pm

GeNose, a COVID-19 detector developed by a Gadjah Mada University (UGM) research team. (Kompas.com/Yustinus Wijaya Kusuma)


The Health Ministry has approved a locally made COVID-19 detector called GeNose for distribution. The device was developed by Gadjah Mada University (UGM) and was funded by the State Intelligence Agency (BIN) and the Research and Technology Ministry’s National Research and Innovation Agency (BRIN).

GeNose research team head Kuwat Triyatno said the device was approved for distribution on Thursday. “Alhamdulillah [thank God], with support from various parties, GeNose has received approval for distribution, which is a recognition by the regulator, the Health Ministry,” Kuwat said in a statement on Saturday, as quoted by kompas.id.

The COVID-19 detector was developed several months ago. GeNose detects possible COVID-19 infections through human breath. The machine, which uses artificial intelligence, produces results within a few minutes. Kuwat said that having received the ministry’s approval, his team would immediately distribute the first 100 GeNose machines, the first batch of a larger production effort funded by BIN and BRIN.

The 100 machines are set to be distributed to hospitals, airports and train stations, among other places. Read also: Govt, UGM to distribute 11,000 free local test kits to clamp down on COVID-19 The research team also plans to distribute some of the machines to the National Disaster Mitigation Agency (BNPB). GeNose is not yet available for personal purchase.

Kuwat said he hoped the machine would help the government address COVID-19, especially as it only took three minutes, including taking the breath sample, to get a result. “Having the 100 units, we’re hoping to conduct 120 tests per unit, which equals 12,000 people being tested in one day. “The estimated 120 tests per unit is based on an average of three minutes in process for each test, including taking the breath sample.

Therefore, in one hour, we hope we can test 20 people, and if it is used effectively, each kit can be utilized up to six hours per day,” said Kuwat. Prior to receiving the ministry’s approval, GeNose had undergone a test that used 600 samples from the Yogyakarta Police’s Bhayangkara Hospital and a COVID-19 emergency hospital in Bambanglipuro, Yogyakarta, kompas.com reported on Saturday. The test found that the device was 97 percent accurate. A GeNose machine is expected to be priced at Rp 40 million. A test will likely cost Rp 25,000 per person. (nkn)

Locally made COVID-19 detector approved by Health Ministry

GeNose detects possible COVID-19 infections through human breath. The machine, which uses artificial intelligence, produces results within a few minutes.

www.thejakartapost.com

 

[Indos]

Krakatau Steel (KRAS) Completed Steel Pipe Project from Australia

KRAS completed the project with HMAS Coonawarra, the Australian Navy base located in the Northern Territory of Darwin City.

Newswire - Bisnis.com24 December 2020 | 13:32 WIB

Employees of PT Krakatau Steel Tbk. completed manufacturing of steel pipes at a factory in Cilegon, Banten. Business

Bisnis.com , JAKARTA - The state-owned company PT Krakatau Steel (Persero) Tbk, through a subsidiary engaged in steel pipe manufacturing and anti-corrosion coating application services, PT KHI Pipe Industries (KHI) has successfully completed an order for McConnell Dowell Constructors' HMAS Coonwara project ( Aust) Pty Ltd, Australia.

"Towards the close of 2020, we have successfully completed the steel pipe order with special specifications from the HMAS Coonwara Australia project," said Director of PT KHI Pipe Industries Utomo Nugroho, quoted from Antara, Thursday (24/12/2020). HMAS Coonawarra is an Australian Navy base located in the Northern Territory of Darwin City.

Utomo explained that the company had successfully completed the work with the special specifications of BS EN 10219 S355JO, namely the thickness and dimensions that were at the maximum engine capacity limit.

This project, with a total value of US $ 3.8 million (nearly Rp. 54 billion), explained Nugroho, was successfully completed on time since its initial delivery in November 2020.

"This is an achievement for us even though KHI is in a difficult position due to the COVID-19 pandemic. In our prognosis at the end of the year we can still book a positive profit of nearly US $ 7.7 million or an increase of 129 percent," said Utomo.

Then, the company's Earning Before Interest, Taxes, Depreciation And Amortization (EBITDA) increased by 152 percent and its EBITDA margin increased significantly by more than 151 percent from the same period last year. This performance improvement is supported by the existence of a cost efficiency program on each line so that the "tolling cost" is reduced by up to 23 percent.

Utomo said this achievement could not be separated from good teamwork and communication, as well as support from Krakatau Steel as the parent company.

"2020 is a tough year for the company, but we will continue to do our best and consolidate both internally and externally, especially PT Krakatau Steel ," said Utomo.

Furthermore, Utomo hopes that KHI can continue to grow and develop into a steel pipe manufacturer that is integrated and calculated in the region.

"Several strategies that have been and will be carried out in the future include product downstreaming programs, increasing engine capacity, and expanding marketing channels through cooperation with strategic partners," said Utomo.

Krakatau Steel (KRAS) Rampungkan Proyek Pipa Baja dari Australia

KRAS menyelesaikan proyek dengan HMAS Coonawarra, pangkalan Angkatan Laut Australia yang terletak di di Kota Darwin Wilayah Utara.

market.bisnis.com

 

[Indos]

PLN secures $500m ‘green loan’ for hydro, geothermal plants ​

Norman Harsono

The Jakarta Post
PREMIUM
Jakarta / Wed, December 30, 2020 / 12:56 pm

Indonesia's oldest geothermal power plant (PLTP), the Kamojang plant in West Java.(PLN/PLN)


State-owned electricity giant PLN has secured a US$500 million “green loan” with a guarantee from the World Bank’s Multilateral Investment Guarantee Agency (MIGA) to keep seven renewable energy projects alive during the pandemic.

The electricity distribution monopoly wrote in a statement on Monday that MIGA would guarantee 95 percent of the loan for five years through its first Non-Honoring of Financial Obligation by State-Owned Enterprise (NHFO-SOE) guarantee scheme.

The money comes from a consortium of international lenders including the United States’ JPMorgan, Singapore’s Oversea-Chinese Banking Corporation (OCBC), Germany’s KfW IPEX-Bank and Japan’s Sumitomo Mitsui Banking Corporation (SMBC).

PLN secures $500m ‘green loan’ for hydro, geothermal plants

The loan provides working capital for PLN to buy electricity from seven existing renewable energy projects.

www.thejakartapost.com

 

[Indos]

Indonesian people welcome nation wide vaccination program that will be free of charge for all Indonesian.

 

[Indos]

Intermezo

Susi Pudjianti and her daughter interview. Many parts of conversation are conducted in English so I post it in this international forum. She is one of the popular leaders in Indonesia and I think her present will be needed in 2024 election despite I dont see her become either President or Vice President candidate. She was part of Jokowi minister in his first term. She is an entrepreneur.

Full English

 

[Indos]

Potential President candidate for 2024 election is Ridwan Kamil in my opinion, he is West Java province governor, a very importance province in Indonesia after Jakarta.

 

[Indos]

Another potential 2024 President/Vice President candidate and he also has a lot of money and become the Prabowo-Sandi Presidential campaign main financial backing in 2019.

 

[Indos]

Anies Baswedan is another potential Presidential candidate in 2024 coming from Islamist faction. He is Jakarta Governor, the most important province in Indonesia since it is a capital city. For information, in 2024 Presidential Election, Jokowi cannot participate since he is now already in his final term based on our constitution.

 

[Indos]

Indonesia Finance Minister, Sri Mulyani, explained about Indonesia economic strategy and birocracy reform during her present in Singapore Summit Even. It was in 2017 but I think this interview will give more understanding about Indonesia economic strategy right from the Financial minister mouth herself.

 

[Indos]

Human Capital Investment in Indonesia

 

[Indos]

Technology News
December 15, 20202:07 PM
Updated 20 days ago

Indonesia says China's CATL plans to invest $5 billion in lithium battery plant


By Reuters Staff

JAKARTA (Reuters) - China’s Contemporary Amperex Technology (CATL) plans to invest $5 billion in a lithium battery plant in Indonesia, Indonesia’s deputy minister at the coordinating ministry of maritime and investment affairs said on Tuesday.

The lithium battery plant will start production in 2024, deputy minister, Septian Hario Seto, told a virtual briefing.

“The target is that they (CATL) will invest around $5 billion... and the first production of batteries can be done in 2024,” Septian said.

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He said CATL has signed an agreement with Indonesian state miner PT Aneka Tambang requiring CATL to ensure 60% of nickel be processed into batteries in Indonesia.

“We don’t want them to get our nickel but then process it abroad,” he said.

CATL did not immediately respond to a request for comment.

Indonesia aims to start processing its rich supplies of nickel laterite ore for use in lithium batteries as part of a bid to eventually become a global hub for producing and exporting electric vehicles (EVs).

Indonesia’s Investment Coordinating Board said in June that LG Chem was considering a $9.8 billion investment in an electric vehicle battery factory integrated with a smelter.

Last week, the Indonesian government said U.S. automaker Tesla will send a delegation to Indonesia next month to discuss potential investment in a supply chain for its electric vehicles.


Reporting by Bernadette Christina Munthe; Writing by Fathin Ungku; Editing by Ed Davies

Indonesia says China's CATL plans to invest $5 billion in lithium battery plant

China's Contemporary Amperex Technology (CATL) plans to invest $5 billion in a lithium battery plant in Indonesia, Indonesia's deputy minister at the coordinating ministry of maritime and investment affairs said on Tuesday.

www.reuters.com

 

[Indos]

Indonesia has become 15 largest economy in the world in 2020 outpacing Mexico. AlhamduliLLAH. 2021-2035 period data is a forecast by CEBR and released just several days ago.

View attachment 700279

Our Services | Centre for Economics and Business Research

Economics is the tool we use to open the can....then we focus on the heart of the matter. Cebr provides business solutions, using economics as a means to an end. Based on detailed and robust forecasts and analysis, we help clients: Take informed decisions; Establish themselves as ‘thought...

cebr.com

Vietnam to become world’s 19th largest economy by 2035: CEBR

m.hanoitimes.vn

 

[Indos]

The Food and Drug Supervisory Agency (BPOM) officially gave permission for the emergency use of the Covid-19 vaccine, from China Sinovac under the name CoronaVac in Indonesia. This was conveyed directly by the Head of BPOM Penny Kusumastuti Lukito on Monday (11/01/2021)

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Interim data from a late-stage human test of CoronaVac showed it is 65.3% effective, Indonesia’s food and drugs authority BPOM said - lower than figures in Brazil and Turkey which have yet to launch mass vaccinations.

BPOM head Penny K. Lukito said the results met the requirements of the World Health Organization’s minimum efficacy of 50%.

“Let’s support the COVID-19 vaccination program, because the success of COVID-19 handling belongs to us as a nation,” she said.

Indonesia approves China's Sinovac vaccine as infections surge

Indonesia gave Sinovac Biotech's COVID-19 vaccine its first emergency use approval outside China on Monday as the world's fourth most populous country launches nationwide inoculations to stem surging infections and deaths.

www.reuters.com

 

[Indos]

Alhamdulillah the vaccine has adequate efficacy and has been approved by our Food and Drug Authority Agency (BPOM). So now it is ready to be distributed and hopefully can end the pandemic in Indonesia with the help of Allah SWT.