Indonesia Economy Forum

[Nike]

I posted in a thread and I have removed it already. Now if your still offended. I suggest you to clean your BAD mouth! you whore$hit

Why you must offended, Peenoise always noisy

World’s Most-Loved Property Stocks Tap Indonesian Building Boom
By Harry Suhartono on 09:56 am Apr 06, 2015

Falling interest rates, an expanding population and a government-sponsored building boom are turning Indonesia into the world’s favorite place to buy property stocks.

Developers on the Jakarta stock exchange, including Lippo Cikarang and Alam Sutera Realty, have the highest average analyst ratings among global peers and the most buy recommendations of any industry group in Indonesia, according to data compiled by Bloomberg. The Jakarta Construction, Property & Real Estate Index has advanced 26 percent over the past 12 months, twice as much as the nation’s benchmark index.

Indonesia’s central bank cut borrowing costs in February for the first time in three years, improving the outlook for Southeast Asia’s largest economy as President Joko Widodo seeks to lift growth to 7 percent. Singapore’s sovereign wealth fund and Indonesia’s state pension system are both increasing investments in the nation’s property market as Joko boosts infrastructure spending and the world’s fourth-biggest population keeps expanding.

“We are overweight on the property sector and continue to be positive,” said Arief Wana, a director at Ashmore Asset Management Indonesia in Jakarta, which oversees the equivalent of $690 million, including the nation’s top-performing equity fund in 2014. The firm added Alam Sutera to the top five holdings of its Dana Progresif Nusantara fund in December.

Rising prices

The Jakarta property gauge rose 0.6 percent at 9:30 a.m. local time, heading for the highest close since March 4. Alam Sutera gained 3.3 percent while Lippo Cikarang increased 1.1 percent.

The average consensus rating on Indonesian property companies with at least five analyst recommendations is 4.32, on a scale where 5 equates to a unanimous buy rating. That compares with 4.13 in the US and 4.1 in China. Shares in the Jakarta property index will probably climb 14 percent over the next 12 months, according to price targets compiled by Bloomberg.

The gauge is valued at about 14 times estimated earnings. That’s a 10 percent discount versus the broader Jakarta Composite Index, compared with an average premium of 11 percent since Bloomberg began tracking the data in 2006.

Indonesia’s new-home prices probably climbed 5.7 percent in the first quarter from a year earlier, following a 6.3 percent gain in the final quarter of last year, according to a February survey by the nation’s central bank.

Best time

Property companies will be beneficiaries of Joko’s infrastructure spending plans, estimated at $433 billion through 2019, CLSA wrote in a March 31 report. They’re also among the biggest winners from the central bank’s interest-rate cut as financing costs fall, according to Ashmore’s Wana.

“This is the best time to be in the property business in Indonesia,” Rainier Gunawan, a principal for realtor Ray White Indonesia in Jakarta, said in an interview.

A rising supply of property may weigh on the market, according to Jones Lang LaSalle, a Chicago-based property brokerage. About 1,500 new condominium units may open up in 2015, subduing rents, while office vacancy rates will probably rise into “double-digit territory” in 2015 as more than 260,000 square meters of Grade-A office space enters the market, the firm estimates.

Indonesia’s property stocks still have room to rally, according to Steven Gunawan, an analyst at Batavia Prosperindo Sekuritas in Jakarta. His buy recommendations include Alam Sutera.

GIC, Singapore’s sovereign wealth fund, and a partner agreed in November to invest $500 million in property projects in Indonesia, focusing on Jakarta’s central business district. BPJS Ketenagakerjaan, Indonesia’s state pension fund, said last month it plans to increase its investment in affordable housing by fivefold to fulfill demand from low-income workers.

The population of Jakarta is forecast by the government to climb to 12.5 million by 2030, from about 9.7 million now. The urban growth rate in Indonesia, which has a total population of around 250 million, is the third-fastest among emerging Asian economies after Thailand and China, according to the World Bank.

“The size of our population, combined with the urbanization rate, will keep demand for property strong,” Batavia’s Steven said.

Bloomberg

World’s Most-Loved Property Stocks Tap Indonesian Building Boom - The Jakarta Globe

 

[Dakila]

Why you must offended, Peenoise always noisy

just mind your own business.

 

[Nike]

Investment board receives power investment applications worth US$8.9 billion
Selasa, 7 April 2015 21:14 WIB | 255 Views

Jakarta (ANTARA News) - The Capital Investment Coordinating Board (BKPM) has received investment applications worth US$8.94 billion in the electricity sector from 12 foreign companies in 2015, an official said.

"In the January to March 2015 period, we received applications for principle licenses on foreign investment (PMA) from 12 companies with a total value of US$8.94 billion," Deputy Chief of Capital Investment Planning Affairs of the BKPM, Tamba Hutapea, stated here on Tuesday.

Of the 12 companies that filed investment applications, three with investment worth US$1 billion were from Japan; one with investment worth US$6.26 billion was from China; one with investment worth US$211.6 million was from a Seychelles company; five with investment worth US$444 million were from Singapore; and two worth US$1.02 billion were from companies jointly owned by several countries.

The locations of the electricity projects are scattered in various provinces, such as Aceh, Banten, West Java, East Java, East Kalimantan, Lampung, Maluku, South Sulawesi, North Sulawesi, and North Sumatra.

"There are 15 locations because two of the 12 companies filed for more than one location," Hutapea explained.

He added that the number of investment applications filed in the January to February 2015 period was larger than those in the same period last year.

In the first semester of 2014, investment applications in the sectors of electricity, gas, and water were worth US$780 million, while in the first three months of 2015, the value of investment in the electricity sector alone reached US$8.94 billion.

"This is only in the electricity sector, thanks to the integrated one-roof service (PTSP) implemented by the central government," Hutapea remarked.

Moreover, President Joko Widodo has reminded state-owned electricity firm PLN of its target to build power plants with a total capacity of 35 thousand megawatts to help provide electricity to domestic industries.

"The target given to PLN was not small. Therefore, it should work (towards the end) as fast as possible," Jokowi, as the president is popularly known, said during his visit to the PLN headquarters in South Jakarta on Tuesday.

The president added that Indonesia needs a great amount of electricity, primarily to help industries that need a considerable amount of power supply.

With regard to reaching the target of 11 thousand megawatts in 2015, Jokowi emphasized that he was confident it could be achieved. He also admitted that he was aware of the constraints faced in the field, but said he was sure they could be resolved.

The target of 10 thousand megawatts was set for 2016 as part of efforts to achieve the target of 35 thousand megawatts in the next five years.

"If the targets of 11 thousand megawatts and 10 thousand megawatts for this year and the next, respectively, are achieved, then it can be said that the target of 35 thousand megawatts is already in hand," the president remarked.

Jokowi further noted that the efforts to achieve the target (of 35 thousand megawatts) was set to meet the need for a greater number of industries, such as hotel industries that depend on power supply to support the development of the tourism sector.(*)

Investment board receives power investment applications worth US$8.9 billion - ANTARA News

 

[Nike]

Govt expedites 35 thousand mw power plant projects
Rabu, 8 April 2015 15:09 WIB | 199 Views
Pewarta: Andi Abdussalam

(ANTARA FOTO/Eric Ireng)
Jakarta (ANTARA News) - The government is expediting the development of its power plant projects worth Rp1.2 thousand trillion to achieve the target of generating an additional 35 thousand megawatts of electricity during the next five years.

Thus, with the countrys current capacity of 54 thousand megawatts, the completion of the development of power plants, with a targeted capacity of 35 thousand megawatts, will bring the countrys total electricity generation capacity to 89 thousand megawatts by the end of President Joko Widodo (Jokowi) governments term in 2019.

President Jokowi has therefore reminded the state-owned electricity firm PLN about the target to build power plants. He called for the accelerated construction of power plants in a bid to meet the electricity needs of the people and domestic industries.

"The target given to PLN was not small. Therefore, it should work (towards the end) as fast as possible," President Jokowi remarked during his visit to the PLN headquarters in South Jakarta on Tuesday.

The president pointed out that Indonesias electricity requirement is huge, primarily to help the industries that need a considerable amount of power.

According to Vice President Jusuf Kalla, the government does not have sufficient funds to develop the countrys power plant projects. Therefore, the private sector is expected to take part in the projects.

The government can only develop some 30 to 40 percent of the projects and the remaining are expected to be built by private companies, which will act as independent power producers (IPP).

This year, the government has set a target to develop 11 thousand megawatts, and in 2016, it expects to have completed the second phase of generating 10 thousand megawatts.

With regard to reaching the target of 11 thousand megawatts in 2015, President Jokowi expressed confidence that it could be achieved. He also admitted that he was aware of the on-field constraints but was certain that they could be overcome.

The target of 10 thousand megawatts was set for 2016 as part of the efforts to achieve the target of 35 thousand megawatts during the next five years.

"If the targets of 11 thousand megawatts and 10 thousand megawatts for this year and the next, respectively, are achieved, then it can be said that the target of 35 thousand megawatts is already in sight," the president remarked.

Jokowi further noted that the efforts to achieve the target of generating 35 thousand megawatts was set to meet the needs of a large number of industries, such as hotel industries that depend on power supply to support the development of the tourism sector.

As several regions in the country still face power shortages, the head of state affirmed that the government will continue to work hard to achieve the target.

Therefore, Vice President Jusuf Kalla has also recommended that state-owned electricity company PLN should expedite the construction of power plants, with a total additional capacity of 35 thousand megawatts, through the Independent Power Producer (IPP) mechanism, which involves private players.

"PLN can provide only some Rp400 to Rp500 trillion (about US$30.4 to US$38 billion) to construct the plants. We need more private players to make electricity widely available," Kalla noted.

With that amount of funding, PLN is expected to construct a power plant with a capacity of 10 thousand megawatts, while the responsibility of constructing a section to generate 25 thousand megawatts will be given to the private sector through the IPP mechanism.

The construction of power plants to generate an additional 35 thousand megawatts of electricity is needed to support the economic growth target of 6.5 percent per year.

Kalla also highlighted the importance of having adequate power reserves. He stated that the national electricity reserve should be 30 percent of the existing capacity, taking into account the countrys growth of population and economy.

"Our ideal electricity reserve should be 30 percent. We now have 54 thousand megawatts. So, we must have at least 15 thousand megawatts as reserve to prevent power outages," he explained.

The current availability of electricity reserve is only 10 percent, which results in power outages in several areas.

For the development of 11 thousand megawatts this year, 12 foreign companies have submitted investment applications worth US$8.94 billion with the Capital Investment Coordinating Board (BKPM).

"In the period between January and March 2015, we received applications for principle licenses on foreign investment (PMA) from 12 companies with a total value of US$8.94 billion," Deputy Chief of Capital Investment Planning Affairs of the BKPM, Tamba Hutapea, stated on Tuesday.

Of the 12 companies that filed investment applications, three with investment worth US$1 billion were from Japan; one with investment worth US$6.26 billion was from China; one with investment worth US$211.6 million was from a Seychelles-based company; five with investment worth US$444 million were from Singapore; and two worth US$1.02 billion were from companies jointly owned by several countries.

The locations of the electricity projects are scattered across various provinces, such as Aceh, Banten, West Java, East Java, East Kalimantan, Lampung, Maluku, South Sulawesi, North Sulawesi, and North Sumatra.

"There are 15 locations because two of the 12 companies filed for more than one location," Hutapea explained.

In order to accelerate the development of power projects, state-owned power utility PLN will call for tenders for the procurement of liquefied natural gas (LNG) that would expedite the development of plants with a total generation capacity of 35 thousand megawatts.

PLNs Director for the Procurement of Strategic and Primary Energy Affairs Amin Subekti noted that his company not only called for a tender for the construction of power plants but also for the procurement of gas supply for generators.

"The tenders for the development of power plants and the procurement of gas are held separately. We have to do everything in our capacity to achieve the target of generating additional 35 thousand megawatts of power," Subekti noted.

(A014/INE/O001)
EDITED BY INE
(A014/KR-BSR/O001)

Govt expedites 35 thousand mw power plant projects - ANTARA News

 

[Nike]

Indonesia becomes Isuzu’s
third global hub
The Jakarta Post, Jakarta | Business | Wed, April 08 2015, 9:26 AM

Truck assembly: A worker is assembling a car’s body part in a PT Isuzu Astra Motor Indonesia (IAMI) plant located in the Suryacipta Industrial Area, East Karawang, West Java, on Tuesday. The Rp 1.7 trillion assembly plant, officially launched on Tuesday by Industry Minister Saleh Husin, is set to manufacture Isuzu Elf and Isuzu GIGA trucks with a production capacity of 52,000 units per year, which could be expanded to 80,000 per year in the future. JP/Ricky Yudhistira

Japanese automaker Isuzu Astra Motor Indonesia (IAMI) officially opened on Tuesday the company’s new commercial vehicle assembly plant in the Karawang industrial area, West Java, to tap into rising demand both in domestic and export markets.

With the operation of the new plant, Indonesia has become Isuzu’s third global production hub after Japan and Thailand, IAMI’s president director Yohannes Nangoi said after the inauguration of the new plant, which was also attended by Industry Minister Saleh Husin and Trade Minister Rachmat Gobel.

He said the new plant, which has an annual production capacity of 52,000 units of commercial trucks a year, comprising 42,000 units of Isuzu Elf light trucks and 7,000 units of Isuzu Giga mid-sized trucks, replaced the operation of the company’s first truck assembly plant in Pondok Ungu, East Jakarta.

According to Yohannes, the Pondok Ungu plant, which was opened in 1997, was closed because it was no longer able to accommodate expansion. IAMI has invested Rp 1.7 trillion (US$130.6 million) to build the Karawang plant.

IAMI’s production director Ary M. Sumampouw said that in producing its trucks, the company used 40 percent locally produced components sourced from small- and medium-sized enterprises (UMKM).

Isuzu has operated in Indonesia since 1960 to provide commercial vehicles to support the developing economy. The increasing need for commercial vehicles in Indonesia has pushed the Pondok Ungu plant to its maximum capacity.

Yohannes said that with the operation of the new plant, the company was expected to be able to export completely built-up (CBU) trucks beginning next year. At present, the company exports 250,000 block engines mostly to Thailand and Japan.

He hoped that by next year the company could export at least 20 percent of the total production in the form of CBU trucks.

Yohannes also told reporters that Isuzu’s production bases were situated in three countries, namely Japan, which produces commercial vehicles for developed countries, Thailand, which focuses on small trucks, and Indonesia, for the production of light and midsize trucks.

Meanwhile, in his speech at the event, Minister Saleh hoped Isuzu would be able to export half of the new plant’s production in order to help increase the country’s foreign exchange earnings.

He said the increase in export earnings would help reduce Indonesia’s current account deficit, which has been under pressure recently due to the decline in the country’s total exports. (Ind) - See more at: Indonesia becomes Isuzu’s third global hub | The Jakarta Post

 

[Nike]

Japan’s AEON to open first mall in Indonesia in May -

By The Jakarta Post, Jakarta | Apr 7, 2015
AEON Mall, a subsidiary of Japan’s largest retailer AEON Co., is set to launch its first mall out of the planned 20 shopping centers to be developed in Indonesia’s suburban areas on May 30, in partnership with local real estate giant Sinar Mas Land.

The 100,000-square-meter shopping center will be located in BSD City, South Tangerang, some 30 kilometers from Jakarta, and cater to the rising middle class in Jakarta and its surrounding areas.

“The number of middle class is rising and the population of Indonesia’s youth is also increasing with big purchasing power,” said Daisuke Isobe, general manager of PT AEON Mall Sinar Mas Land (AMSL) Indonesia, the joint venture developing and operating the shopping center.

In recent years, Indonesia has seen foreign retailers from South Korea’s conglomerate Lotte Group and Swedish home furnishing company Ikea expand in the country thanks to steady economic growth and the expanding middle class that has increased purchasing power in Southeast Asia’s largest economy — a big market with a population of about 250 million to serve.

AEON Mall BSD City took up US$67 million in investment, with 67 percent coming from AEON Mall Indonesia and the remaining 33 percent from Sinar Mas Land, part of publicly listed developers Bumi Serpong Damai and Duta Pertiwi, which has developed 14 retail international trade centers across the city.

AEON Mall operates 141 malls in Japan and is expanding through Southeast Asia, such as in Malaysia, where it is the biggest retailer, as well as the Philippines and Vietnam. It aims to develop 20 shopping centers in Indonesia with a more than ¥80 million investment.

The company is targeting suburban areas where young families and youth with high spending patterns live, according to AMSL Indonesia operations general manager Adrian Pranata.

“This is the first mall with a Japanese ambience in Indonesia, which differentiates it from other malls in Greater Jakarta. Our services will live up to Japanese standards,” Adrian said, mentioning a 1.4-meter railing to keep children safe as one of Japan’s tested safety standards to be applied in the mall. AEON Mall BSD City is expected to see 12 million visitors per year, according to Ryuma Okazaki, president director of both AMSL and AEON Mall Indonesia.

The shopping center — which will have 37 prominent Japanese stores such as Uniqlo, one-price-shop Daiso and Japanese restaurants — will compete with other shopping centers in South Tangerang, such as Summarecon Mall Serpong and Living World Alam Sutera.

Other AEON Malls will be developed in the Jakarta Garden City township in East Jakarta — teaming up with another publicly listed property developer, PT Modernland Realty, on land worth $45 million — and in Sentul, West Java, with Jakarta-listed Sentul City.

- See more at: Japan’s AEON to open first mall in Indonesia in May | The Jakarta Post Travel

 

[Nike]

Keidanren interested in investing in Indonesia
Kamis, 9 April 2015 19:16 WIB | 392 Views

Suryo Bambang Sulisto. (ANTARA/Wahyu Putro A.)
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) has said the visit of the members of Japanese business association (Keidanren) to the Industries Ministrys office shows their high interest in investing in Indonesia.

"Japan currently has issues with China, so Japanese businesspeople really want to cooperate with Indonesia as their investment destination," General Chairman of Kadin Suryo Bambang Sulisto said here on Thursday.

According to Suryo, Japan consider Indonesia as its main investment destination in Asia.

The Chairman noted that Indonesia needs to provide support and facilitate Japanese business necessities in the country so that Japanese investment is not diverted to other countries.

"It is fine if the Japanese business corporation dominates the Indonesian market. However, I will ask them to accelerate technology transfer to improve the ability and quality of Indonesias human resources," Suryo remarked.

Suryo added that the most important challenge in developing industries in Indonesia is constructing supporting industries, as many industries here are still dependent on imported raw materials.

The chairman observed it is important to build industries that supply supporting products to domestic firms.

"We have delivered the message to Keidanren so that they are informed that Indonesias priority is to lessen the deficit of its current account," Suryo pointed out.

According to Suryo, Japanese corporations have been dominating the Indonesian market, particularly the automotive sector, in which it covers 95 percent of the market.

Keidanren is the most influential business association in Japan. The Japanese Government often involves Keidanren while formulating economic policies for the country.

The Keidanren delegation in Indonesia was led by its Chairman Sadayuki Sakakibara. Some 19 members of Keidanren accompanied Sadayuki to Indonesia.

The delegation consisted of the leaders of corporations in the field of chemical industry, automotive, food and beverages, iron, electronics, insurance, and airways.

Meanwhile, Indonesian Industrial Minister Saleh Husin was accompanied to the meeting by Suryo and several officials from the ministry.
(Uu.B019/INE/KR-BSR/H-YH)

Keidanren interested in investing in Indonesia - ANTARA News

 

[Nike]

Surabaya to build komodo dragon park
Kamis, 2 April 2015 02:59 WIB | 1.196 Views

Komodo keeper fed two komodo lizards in Ragunan Zoo, Jakarta, last year. Komodo is the only living pre-historic giant lizard still exist now. (ANTARA FOTO/Reno Esnir)
Surabaya (ANTARA News) - The Surabaya city government in East Java is likely to build a Komodo Dragon Park in the coastal area of Kenjeran, anticipating the giant lizards overpopulation in the city's zoo.

"We will first study whether the land structure (in Kenjeran) is suitable," Mayor of Surabaya Tri Rismaharini said after attending the commemoration of a local online media's anniversary here on Wednesday.

A female komodo dragon (Varanus komodoensis) laid 12 eggs at the zoo between February 21 and March 7. Since July 23 last year, the reptile has laid 29 eggs.

Currently, the zoo has a total of 70 Komodo dragons, of which 13 are one year old.

Rismaharini noted that the city government will also scout other areas as a possible location for the park, besides Kenjeran. Therefore, that the park will be located in Kenjeran is still uncertain.

The location for this park will depend on land structure, she explained.

Furthermore, the mayor offered several solutions to deal with the Komodo dragon overpopulation, including returning them to their habitat in Komodo Island in East Nusa Tenggara province, but it would be expensive to do so.

"So we will likely build a Komodo Dragon Park as their number in the zoo continues to increase," she pointed out.

Moreover, animal affairs observer Singky Soewadji warmly welcomed the city's plan to build a Komodo Dragon Park.

If the komodo dragon overpopulation is dealt with by building a park, the city will have a new animal park besides the Surabaya Zoo.

The Komodo Dragon Park will become another special attraction of the city, he noted.

"I agree with the plan to build the Komodo Dragon Park in Kenjeran, which has high temperature and is located close to the coast. This condition is suitable for the komodo dragon," he affirmed.

Surabaya to build komodo dragon park - ANTARA News

 

[pr1v4t33r]

Indonesia's c.bank bans foreign currencies for domestic transactions
reuters.com/article/2015/04/09/indonesia-currency-idUSL4N0X63PB20150409?rpc=401

(Reuters) - Indonesia's central bank has banned the use of foreign currencies for domestic transactions under regulations issued last week and effective July 1, aimed at controlling onshore demand for dollars and easing downward pressure on the rupiah...


Indonesia to build car tire and noodles factories in Kazakhstan
azh.kz/en/news/view/6143

Indonesia plans to build car tire and instant noodles factories in Kazakhstan to expand the export of its commodities to non-traditional markets in Central Asia, Director of South and Central Asia of the ministry Listyowati said speaking at a seminar on "Indonesian Economic Diplomacy in Central Asia" on Wednesday, the Indonesian media report...

 

[Nike]

Japan wants to increase investment in Indonesia
Jumat, 10 April 2015 17:48 WIB | 708 Views

Jakarta (ANTARA News) - Many Japanese investors have expressed great interest in investing in Indonesia following a visit to Japan by President Joko Widodo and Vice-President Jusuf Kalla in March 2015.

That Japanese investors are serious about investing in Indonesia became clear when several delegates from the Japanese Business Association (Keidanren) arrived in Jakarta earlier this week to follow up on matters discussed during their meeting with Indonesia's president and vice-president in Tokyo.

Earlier on Wednesday, a 46-member delegation from Keidanren held separate meetings with Vice-President Kalla and President Joko Widodo. They also met with Industry Minister Saleh Husin the following day to discuss issues related to making investments in Indonesia.

"Japanese investors are serious about investing in Indonesia," Indonesian Ambassador to Japan Yusron Ihza Mahendra stated when asked to comment on the visit by Japanese businessmen led by Keidanren Chairman Sadayuki Sakakibara.

"The Japan Business Federation team's meetings with Vice-President Kalla and President Jokowi shows how important Indonesia is for the Japanese business world," Yusron remarked here on Wednesday.

He noted that the visit has been to follow up on matters discussed during their earlier meeting with Kalla and Jokowi in Japan.

According to him, the Keidnren team and the vice-president discussed in the fields of electricity, housing, food processing, transportation, airport, licensing, and bullet train.

"Although their talks have not finished, the visit shows that Japanese investors are very serious about making Indonesia their investment destination," he remarked.

He added that next month, former Japanese Prime Minister Fukuda along with a Jepang-Indonesia Association team will visit Indonesia.

Keidanren Chairman Sadayuki Sakakibara stated that Japanese investments in Indonesia will increase in the future.

"Japan is the country with the highest investment in Indonesia. In 2014, its investment fell to the second spot, but a lot of investments again came from Japan. In 2015, Japan hopes to become the country with the highest investment in Indonesia," he emphasized.

Sadayuki noted that Indonesia is not only a consumer market or a seller of its goods but also plays the role of an important country that provides goods needed globally, especially in the manufacturing sector.

He emphasized that Japan is keen to invest in infrastructure development including steam-powered, geothermal power, hydropower, and gas-powered electricity plants.

Sadayuki has reported to President Joko Widodo several obstacles that hinders investment ventures in Indonesia, including inadequate infrastructure such as ports, roads, electricity supply, and traffic congestion.

"Although there are obstacles, we wish to participate in developing Indonesias infrastructure. We have made a commitment," he affirmed.

Sadayuki pointed out that besides meeting with the president, the Keindaren delegation will also meet with Trade Minister Rachmat Gobel during their two-day visit to Indonesia.

"We will discuss extensively the efforts to increase investment in Indonesia and cooperation in the economic field," he added.

On Thursday, the Japanese Business Association's delegates were received by Industry Minister Saleh Husin at his office.

"I really hope that this visit can establish stronger and better long-term business relations and cooperation between Indonesia and Japan," Saleh stated.

The industry minister urged the Japanese business delegation to step up cooperation with their Indonesian counterparts to encourage the development of the nation's industry.

Saleh also expressed hope that the leaders of companies in Indonesia can hold a follow-up meeting with Keidanren members to hold a business networking session.

The minister noted that the Japanese business delegation's visit to Indonesia is an opportunity for them to gain firsthand information about the dynamics of the Indonesian economy and explore the areas of cooperation in the fields of economy, trade, and investment.

He pointed out that the Government of Indonesia has set its development priorities in the fields of infrastructure, electricity, maritime, export-oriented industrialization, and the acceleration of regional development.

Saleh pointed out that Japan is increasing investment in Indonesia's automotive industry, so it continues to reinforce its presence.

"We find it necessary to expand the downstream steel industry in the country. Therefore, we are expecting a Japanese investment commitment to develop our downstream steel industry," the industry minister affirmed.

Besides investing in the automotive industry and other sectors, the industry minister has also encouraged Japanese investors to improve their partnerships with local investors to invest in Indonesia.

"Japanese investors are even expected to make Indonesia their production base for exports," the industry minister remarked.

The Japanese Government often involves Keidanren, the most influential business association in the country, in formulating the country's economic policies.

Kalla's and Jokowi's Japanese visit in March has had a positive impact on investment climate in Indonesia.

During his visit, Vice-President Kalla had assured Japanese investors that political situation and investment climate in Indonesia had been good for investing in the country.

The vice-president had also met with the leaders of numerous Japanese companies such as Itochi, Marubeni, Mitsubishi, Nomura, and Sumitomo, as well as the leaders of Keidanren.

Japan wants to increase investment in Indonesia - ANTARA News

@Nihonjin1051

this talk will result in more comprehensive Japan investment in Indonesia and provide more business opportunity to Japanese investor. BTW, Indonesia-Japan is in talk about the construction of Shinkansen line between Jakarta-Surabaya, roughly spanning for more than 700 km. Here the news about the progress of this project. Indonesia is rarely to print out or boosting her economic and infrastructure developing progress in English, most news is in Bahasa Indonesia....

Jepang usulkan Indonesia bentuk BUMN "Shinkansen" - ANTARA News

 

[Nike]

Manokwari govt to extend Rendani Airport runway
Minggu, 12 April 2015 14:59 WIB | 485 Views

Dokumen foto Bandara Rendani, Manokwari, Papua Barat. (ANTARA/Dian Kandipi)
Manokwari (ANTARA News) - The local government of Manokwari District, West Papua, is prioritizing the completion of the runway extension project of Manokwaris Rendani Airport this year to accommodate larger airplanes such as Boeing 800-series.

"We are now approaching the local people to procure some 500 meters of land in the western part of the airport in order to extend its runway," Manokwari District Head Bastian Salabai said here on Sunday.

He said that Manokwari was the provincial capital of West Papua and its airport should be able to accommodate larger planes. Therefore the runway of Rendani aiport should be extended by about 500 meters.

"Transportation Minister Ignasius Jonan when visiting Manokwari recently agreed to the extension of the airports runway by 500 meters," the district head said.

The funds for the project will be taken from the state budget allocated by the transportation ministry, he said.

Salabai did not reveal the amount of funds needed to develop the runway extension project but he hoped it would be finished by December 2015.
(Uu.A014/F001)

Manokwari govt to extend Rendani Airport runway - ANTARA News

 

[Nike]

Malaysia vows to improve investment in Indonesia
Selasa, 21 April 2015 20:48 WIB | 309 Views

Jakarta (ANTARA News) - Malaysia is committed to improve its investment in Indonesia by sending a business delegation along with several ministers, stated Head of the Investment Coordinating Board (BKPM) Franky Sibarani.

"Malaysia will send 20 to 30 businesspersons who are interested to investment in electricity, toll road, plantation, and food industries sectors," he noted here, Tuesday.

According to Sibarani, the business delegation will directly hear explanations regarding the potential areas of investment as well as permission service reform and incentives.

The BKPM has recorded an increasing trend of Malaysian investment in Indonesia.

In 2014, Malaysias investment realization in Indonesia reached US$1.77 billion and ranked third among the investing countries in Indonesia.

The amount drastically increased as compared to US$711.26 million recorded in 2013.

The investment realization of Malaysia in Indonesia during 2010-2014 reached US$4.1 billion from 1,898 projects.

Malaysian investments are in the construction, food plantation, and food industry sectors, he pointed out.

"The potential areas of investment for Malaysia are huge as the ratio reaches 33 percent. It means that significant amount of investment can be encouraged to be immediately realized, apart from the new investments," Sibarani stated.

Director of Sectorial Promotion of BKPM Ikmal Lukman remarked that the investment market team is exploring the interests of Malaysian investors who are keen to invest in the automotive component industry.

"At the moment, investors are exploring possibilities with the industry regional management regarding the location to invest in this sector," he added.(*)

Malaysia vows to improve investment in Indonesia - ANTARA News

 

[pr1v4t33r]

World Economic Forum 2015 - Jakarta

Indonesia 2015 - East Asia in the New Global Context Original

Indonesia 2015 - Trust or Bust?

Indonesia 2015 - The Geopolitics of Asias Energy Supply

Indonesia 2015 - Pumping Asias Infrastructure Pipeline

Indonesia 2015 - The New AEC Context

 

[pr1v4t33r]

Peresmian Kapal Tol Laut

 

[katarabhumi]

Peresmian Kapal Tol Laut

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Was it locally made?