What's new

Indonesia Economy Forum

.
Raknamo Dam development to be accelerated
Pekerja sedang menyelesaikan proyek pembangunan Waduk Raknamo di Amabi Oefeto, Kecamatan Kupang Timur, Kabupaten Kupang, Nusa Tenggara Timur (NTT), Rabu (17/4/2016). Pembangunan waduk tersebut dikebut untuk menampung air bagi kebutuhan 1.250 hektare lahan yang saat ini dilanda kekeringan.

2.jpg

1.jpg
 
.
Indonesia`s economic growth predicted to grow 5.2 percent in 2016
Jumat, 29 April 2016 10:17 WIB | 413 Views

Jakarta (ANTARA News) - Economist of Development Bank of Singapore (DBS) Gundy Cahyadi predicted Indonesian economy would grow 5.2 percent this year .

"The countrys economic growth in 2016 would be faster than in 2015 when the economy grew only by less than 5 percent or 4.8 percent. This year it is likely to be 5.2 percent," Gundy said here on Friday.

He said growth would be driven by increase in investment and government spending, which is expected to be more effective this year.

He said the consumption sector, which is the main pillar driving the countrys economic growth, is relatively stable.

"The growth is 75 percent attributable to domestic factors including investment and consumption. It is different with Singapore or Hong Kong which are more export oriented," he said.

He predicted that the countrys long term economic growth could reach 6 percent in the next five years of the country is no longer depends only on commodities in exports.

"In the past the country could rely on commodities. Now it cant . The government has done right by seeking to strengthen the manufacturing and industrial sector as the driver of growth," he said.

In the first quarter of 2016, the countrys economy grew only by 5.1 percent.

http://www.antaranews.com/en/news/1...c-growth-predicted-to-grow-52-percent-in-2016

20160412ANTIKORUPSI-KIRIM-PAWON.jpg
 
.
Indonesia`s debts still secure: Official
Jumat, 29 April 2016 14:46 WIB | 376 Views

Jakarta (ANTARA News) - The amount of Indonesias debts, with a 27 percent ratio of the gross domestic product (GDP), is still secure, according to a senior official.

"The amount of Indonesian debts almost reached Rp3,200 trillion, or some 26.8 percent of the GDP, at the end of March 2016," Director General for Financial and Risk Management of the Ministry of Finance Robert Pakpahan stated on Thursday.

Pakpahan explained that Indonesias debt increased nominally every year as the government adopted a deficit policy system in the management of its state budget expenditure.

However, he made assurance that all the debts were well managed. Financing from debt sources is useful for advancing the nations development performance.

"We are still able to repay the debts. Moreover, the average maturity period of our bonds is some 9.29 years. This is relatively safe, and we still have adequate capability to repay the debts," noted Robert.

He explained that the debts from external loans or the government debt papers (SBN) were being used to finance productive sectors, such as social and physical infrastructure development.

Data from the directorate general revealed that until the end of March 2016, the amount of central government debts totaled Rp3,271.82 trillion, comprising Rp750.16 trillion external debts and Rp2,521 trillion SBN.

The realization of financing from loans and the issuance of SBN until early April 2016 has reached Rp300 trillion, or some 55 percent of the target set at Rp556 trillion.(*)

http://www.antaranews.com/en/news/104411/indonesias-debts-still-secure-official
 
. .
Tourists laud rapid process of yacht checking in Sabang
Sabtu, 30 April 2016 06:47 WIB | 621 Views
Pewarta: Fardah
20160430Artania-di-Sabang.jpg

Foreign tourists to talk with residents when arriving by cruise ship MS Artania in Sabang, Aceh, Thursday (April 7, 2016). MS Artania departing from Langkawi, Malaysia, it took as many as 1,500 tourists who visit Sabang for 8 hours to witness a number of attractions and then traveled to Madagascar and Panama. (ANTARA/Haris/P003)

Jakarta (ANTARA News) - Paul Von Wiese, captain of Calypso yacht, was impressed with the performance of Sabang officers manning the One Stop Service office at the CT3 BPKS pier for completing the yacht checking process within a matter of minutes.

Sabang officers broke the fastest checking record as in other Indonesian regions, it could take up to five days, according to Paul who had come with his wife, Mauren Von Wiese, to Aceh for the Sabang Marine Festival (SMF).

The festival started on April 26 and will last till April 30, 2016.

He underwent the check-in process at Sabangs pier on April 24.

"The process was excellent, very practical, and it did not take much time. Two years ago, we had spent five days to check-in, but this time, it needed just a few minutes at the Sabang port," he said on April 26.

The Captain of Swift Colin, Michael Wright, also lauded the cutting down of red tape in Indonesias seaports.

"We hope this system could be maintained because good services like this will certainly attract many more yachts to visit Sabang," Colin Wright said.

Deputy Chairman of the Sabang Free Trade Zone in Charge of Commercial and Investment Syarifuddin Chan said the checking process for a yacht now takes just 90 minutes at the most, thanks to the One Stop Service Office.

Rapid checking process has been very useful for those participating in the Sabang Marine Festival being held in Sabang, Indonesias westernmost province of Aceh.

At least 20 yachts are participated in the festival.

The festival is aimed at promoting maritime tourism in Sabang. In particular, it is also aimed at attracting yachts, Head of the Sabang Regional Management Board Fauzi Husin stated in Sabang recently.

"Every activity organized during the Sabang Marine Festival 2016 should have a direct impact on the Sabang community, especially in the economic sector, through its tourism," he noted.

The festival features wind surfing, paragliding, and cultural and art performances, as well as several competitions, among other things.

Chairman of the organizing committee Fauzi Daud affirmed that the festival was expected to help boost the economy of Sabangs residents.

Sabang is not just an ordinary island, but one of Indonesias best, according to legislator Noor Achmad.

He called on the tourism ministry to designate Sabang as a tourism icon for Aceh in particular and the country in general.

"Weh Isle (in Sabang) is very exotic and romantic. The western-most isle of Indonesia is surrounded by small islets," he said when visiting Sabang.

The strategic location of Weh Isle located between the Indian Ocean and the Malacca Strait is easily accessible for both, domestic and foreign tourists.

"Every tourist will very much love the Sabang waters, because the coast is flat and shallow, very clean and clear. Its amazing," he said.

Aceh Governor Zaini Abdullah has set a target of attracting one million tourists to Sabang in 2017.

He said the number of tourists to Sabang has increased annually, from 450 thousand in 2013 to 500 thousand in 2014, and 700 thousand in 2015.

The governor said the Aceh administration will intensify tourism promotion in order to achieve the one million target next year.

He also hoped to attract many more tourists from Malaysia and Muslim majority countries to enjoy halal tourism in Aceh which has imposed syariah (Islamic laws) in daily life.

Sabang Mayor Zulkifli H Adam in early April said fishing tourism would also be promoted to attract many more yachts to Sabang.

As long as tourists abide by the local regulations and fish only for on-location consumption and not for trading, fishing tourism is environment-friendly, he said.

The Indonesian authorities have eased entry permits for yachts in certain seaports, hoping that their yachting tourism will increase by the year 2019.

According to Tourism Minister Arief Yahya, they are hoping to have 8,000 yachts near their shores by the year 2019, including foreign yachts.

According to the Yacht Forum held in Jakarta last year, the Tourism Ministry is expecting 4,000 yachts by the year 2018.

The minister stated that the government has planned construction of some 100 marina infrastructures designed for maritime tourism.

As the worlds largest archipelagic nation, some 70 percent of Indonesias territory is water and it has 17,480 islands and a 92,000-kilometer long beach and coastal areas, the second longest after Canada.

It also has around 5.8 million square kilometers of marine territory, which constitutes a huge marine tourism potential.

The current government has identified marine tourism as having a huge potential, but it has so far been overlooked.
(T.F001/INE/KR-BSR/B003)

http://www.antaranews.com/en/news/104422/tourists-laud-rapid-process-of-yacht-checking-in-sabang
 
. .
.
Borobudur, Prambanan and Kraton Yogyakarta get officially verified Twitter accounts

By Coconuts Jakarta April 26, 2016 / 15:45 WIB
borobudur_and_taj_mahal_have_a_conversation.jpg



Have you ever wondered what the serene Buddhist monk statues on Borobudur are thinking about? We may never know for sure - but now you can hear the official thoughts of Borobudur Temple in Yogyakarta (or at least its social media team) via the UNESCO World Heritage Site’s officially verified Twitter account.

Arguably Indonesia’s most famous tourist attraction (besides the entire island of Bali) Borobudur was granted the blue check mark beside its Twitter handle (@candiborbudur) today along with two other cultural icons of Yogyakarta: Prambanan Temple (@candiprambanan) and Kraton Yogyakarta (@kratonjogja).

Hadir di Twitter memungkinkan kami menjangkau siapapun yg ada di platform ini - @candiborobudur @candiprambananpic.twitter.com/Fra68dC9fq

— Twitter Indonesia (@TwitterID) April 25, 2016
They are the first three cultural sites in Indonesia to have received verified accounts, which are more commonly given out to notable people and organizations.


"We are proud to help raise the names of @candiborobudur, @candiprambanan and @kratonjogja in the eyes of the world, as well as to promote the natural beauty of Yogyakarta," said Roy Simangungsong, Business Country Head for Twitter Indonesia, in a statement released on Monday.

In the statement, Twitter said that 43 percent of users in Indonesia send a tweet while visiting the locations of cultural icons. It went on to say that the microblogging site hopes the newly verified accounts will help spread awareness about the beauty of Indonesia throughout the world.

It seems to be working already. One of the first tweets directed towards Borobudur’s account after it got the blue checkmark were words of welcome from one of the most iconic cultural sites in the entire world: The Taj Mahal.

@TajMahal thank you... You're very inspiring monument...

— Candi Borobudur (@candiborobudur) April 25, 2016


Two famous cultural landwarks talking to each other on Twitter... We're definitely living in the 21st century, aren't we?

http://jakarta.coconuts.co/2016/04/...arta-get-officially-verified-twitter-accounts
 
.
Indonesia-Jepang perkuat kerja sama industri baja
Minggu, 1 Mei 2016 20:33 WIB | 1.204 Views
Pewarta: Sella Panduarsa Gareta
20160501image_2.jpg

Delegasi Indonesia dan Jepang berfoto pada Forum Indonesia-Japan Steel Dialog (IJSD) yg ke-6 di Tokyo, Jepang, Rabu (27/4/2016). Dari pihak Indonesia, delegasi dipimpin oleh Direktur Industri Logam, Ditjen Industri Logam, Mesin, Alat Transportasi dan Elektronika (ILMATE) Kemenperin Budi Irmawan. Dari pihak Jepang, delegasi dipimpin oleh Direktur Industri Besi dan Baja, Kementerian Ekonomi, Perdagangan dan Industri Jepang (METI) Takanari Yamashita. (Antaranews.com/ Sella Panduarsa Gareta)

Jakarta (ANTARA News) - Kerja sama industri dan investasi baja antara Indonesia dan Jepang terus diperkuat, salah satunya dilakukan dengan Forum Indonesia-Japan Steel Dialog (IJSD) ke-6 tahun 2016 di Tokyo, Jepang.

"Kita terus dorong industri baja untuk memperlebar produksidan investasi sehingga menopang industri lain seperti otomotif, permesinan dan elektronika, selain baja untuk konstruksi," kata Menteri Perindustrian Saleh Husin melalui siaran pers di Jakarta, Minggu.

IJSD merupakan Forum Konsultasi industri baja antara IISIA (Asosiasi Industri Baja Indonesia) yang didampingi Kementerian Perindustrian dan JISF (Asosiasi Industri Baja Jepang) yang didampingi METI (Kementerian Ekonomi, Perdagangan dan Industri Jepang).

Pemerintah Indonesia, imbuh Saleh, sudah beberapa kali tegas mendesak Jepang dan negara lain untuk lebih aktif memperkuat struktur industri di Tanah Air. Pada sektor otomotif misalnya, jika sebelumnya lebih marak perakitan, kini beberapa pabrikan mulai membangun pabrik mesin dan komponen, begitu juga dengan elektronika dan produksi mesin.

"Produk akhir sudah dibeli masyarakat kita, sudah semestinya proses produksi juga memberi benefit ke dalam negeri. Forum dialog khusus baja seperti itu juga demi mempercepat pendalaman industri, menegaskan posisi serta visi industri kita," jelas Saleh.

Menurut Dirjen Industri Logam, Mesin, Alat Transportasi danElektronika (ILMATE) I Gusti Putu Suryawirawan, pembentukan Forum IJSD pada tahun 2011 dilatar belakangi adanya kerjasama ekonomi Indonesia dan Jepang yang ditandatangani pada 2008.

“Pembentukan forum ini juga didorong oleh pentingnya rantaipasok industri di kedua negara yang dapat dilihat daribanyaknya investasi Jepang di Indonesia khususnya yg berbahanbaku baja,” ujarnya yang turut hadir pada pertemuan yang digelar minggu.

Pertemuan dilaksanakan secara tahunan antara Pemerintah Indonesia, melalui Kementerian Perindustrian dan pihak Pemerintah Jepang yakni Ministry of Economic, Trade, and Industry (METI).

Steel Dialogue pertama dilaksanakan pada2011 di Jakarta, tahun berikutnya di Tokyo, Bali, Osaka, dan kembali digelar di Jakarta pada tahun 2015 lalu.

Putu merinci, beberapa investasi Jepang di Indonesia yang terjadi setelah ada forum ini antara lain PT Krakatau Nippon Steel Sumikin (KNSS) dan PT JFE Steel Galvanizing yang memproduksi CRC dan BjLS untuk mendukung bahan baku industri otomotif, permesinan dan elektronika.

"Investasi masing-masing sebesar 400 juta dollar AS (Kapasitas 400 ribu ton/tahun) dan USD 325 juta (Kapasitas 300 ributon/tahun)," ujar Putu.

Disamping itu juga ada PT. Krakatau Osaka Steel (KOS) dgn investasi 200 juta dollar AS yang memproduksi steel bar dan baja profil untuk mendukung industri konstruksi dan pembangunan infrastruktur.

Dari pihak Indonesia, delegasi di forum itu dipimpin olehDirektur Industri Logam, Ditjen ILMATE Kemenperin Budi Irmawan.

Sedangkan dari pihak Jepang, delegasi dipimpin olehDirektur Industri Besi dan Baja (METI) Takanari Yamashita.
Editor: Ruslan Burhani

COPYRIGHT © ANTARA 2016


http://www.antaranews.com/berita/558342/indonesia-jepang-perkuat-kerja-sama-industri-baja

Indonesia, Malaysia step up investment cooperation
Sabtu, 30 April 2016 21:55 WIB | 741 Views
Pewarta: Andi Abdussalam
201604181517.jpg

Indonesian Marine Affairs and Fisheries Minister Susi Pudjiastuti. (ANTARA FOTO/Rivan Awal Lingga)

Jakarta (ANTARA News) - Indonesia and Malaysia have agreed to increase cooperation in the plantation and fishery sectors and to attract foreign direct investment to ASEAN countries, particularly to Indonesia and Malaysia.

Malaysia became the second-largest investing country in Indonesia after Singapore last year. Therefore, the Indonesian Investment Coordinating Board (BKPM) offered Malaysia investment opportunities in the plantation and fishery sectors.

"Malaysian investment in Indonesia increased rapidly, registering a growth of 73 percent in 2015, compared to that in the previous year," BKPM Chief Franky Sibarani noted on the sidelines of an Indonesian-Malaysian investment forum in Kuala Lumpur on Friday.

The BKPM chief encouraged Malaysian plantation companies to expand their business not only in the oil palm plantation but also in the agricultural processing industry.

"Investors are interested in the development of oil palm plantation in Indonesia but they have to follow Agriculture Minister Decree No. 26/2007 which sets the maximum acreage at 100 thousand hectares," Franky stated.

With this acreage limitation, the government encourages the development of added value industry through downstream agro-industrys development. "We invited investors to invest in the crude palm oil (CPO) processing business and in other downstream industries," he said.

After all, Indonesia has been streamlining its investment licensing services by facilitating investments, such as by implementing a three hour deadline for services. "Three Malaysian companies have used these services with a total investment of Rp2.7 billion," remarked Hanky.

The BKPM is also ready to provide facilities for investors who are in the process of realizing their investment in Indonesia. "We coordinate with the Indonesian representatives in Malaysia to facilitate the investors concerned," he said.

Franky believes that Malaysia is of importance to Indonesia as Malaysian investors were familiar with the country.

Malaysia is one of the priority countries for Indonesian investment market.

The BKPM chief pointed out that (the realized) Malaysian investment in 2015 in Indonesia stood at US$3 billion, while its investment commitment in the same period was recorded at $5.5 billion, up 148 percent from that in the previous year.

Based on the BKPM data, Malaysia was the second largest investor country in Indonesia last year or the fifth largest over the past six years (2010-2015) with an investment of US$7.2 billion.

With regard to investment in the region, the two countries have agreed to step up cooperation in attracting foreign direct investment (FDI) to ASEAN, particularly Indonesia and Malaysia.

The agreement was reached during a meeting between Franky Sibarani and Malaysian Minister of Trade and Industry Mustapa Mohamed ahead of the first Indonesia-Malaysia Investment Forum held in Kuala Lumpur on Friday.

"The share of ASEAN investments in terms of FDI increased from 6 percent in 2010 to 24 percent in 2015," Minister Mustapa Mohamed said.

Therefore, he added that under the ASEAN spirit, there will hopefully be more cooperation between bodies under the purview of the Malaysian Ministry of Trade and Industry and the BKPM to attract FDI and cross border investment between the two neighboring nations.

In the meantime, Indonesian Marine Affairs and Fisheries Minister Susi Pudjiastuti said in Jakarta on Friday that Indonesia and Malaysia have also agreed to step up cooperation in the fishery sector in areas such as joint patrol and fishing along the border by fishermen of the two countries.

"We talked about having a bilateral meeting to remove any causes of friction, such as matters related to border issues," Minister Susi Pudjiastuti said after receiving Malaysian Agriculture Minister Dato Sri Ahmad Shabery Cheek.

Minister Susi identified a number of sectors where cooperation would be stepped up through the signing of a Memorandum of Understanding (MoU). This would also include exchange of satellite and radar data.

Both sides also discussed the possibility of conducting a joint patrol with Indonesia. It could be with the Maritime Security Agency (Bakamla) or under the Fishery and Marine Maritime Resources Supervision.

Susi said she has been invited to attend an international conference on bioprocess and agriculture techniques in Kuala Lumpur, Malaysia, next November.

Minister Susi explained that in Malaysia, the fishery sector is also under the Ministry of Agriculture.

Earlier, Chairman of the Indonesian Peoples Consultative Assembly (MPR) Zulkikli Hasan said he welcomed the wish expressed by Indonesia and Malaysia to increase trade in their border areas.

"As nations of the same stock, Indonesia and Malaysia should support each other," Zulkifli Hasan said while receiving Malaysian Ambassador to Indonesia, Zahrain Mohamed Hashim, at the Parliament building early this month.

The MPR chairman said he stays abreast of the political dynamics in Malaysia, expressing the hope that the Malaysian people would remain united.

"Political egoism should not be at the cost of the Malaysian people and nation. The country should continue to maintain its political stability because otherwise it could harm the interests of the people and the state," he said.

Zulkifli, who is also the chairman of the National Mandate Party (PAN), said as they come from the same (Malay) stock, both countries should lend support to each other.

If they have any problems between themselves, they should discuss it like brothers.

The MPR Speaker said the two countries relationship goes back a long way in history. Therefore, both should support each other and share the good things.

"Both the countries should study their respective strengths. Indonesia should also understand Malaysia, particularly with regard to its indigenous people, " he said.

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

http://www.antaranews.com/en/news/104423/indonesia-malaysia-step-up-investment-cooperation
 
. .
Indonesian Airbridge Meets Global Demand
Zoom Out Zoom In Normal
TEMPO.CO, Jakarta-Airbridges manufactured by PT Bukaka Teknik Utama Tbk have received global recognition due to its ability to meet global demand.

“We have even exported to China. The world leading airbridge manufacturers are the U.S., Japan, China, Germany and us [Indonesia],” said President Director of Bukaka Teknik Utama Isral Kamaruddin in a press release in Jakarta, Monday, May 2, 2016.

To date, as many as 35 airbridges from Bukaka have helped passenger mobility in Soekarno-Hatta International Airport, Cengkareng, Banten. The construction of additional infrastructures such as Terminal 3 has seen the company adding another 5 airbridges in the airport.

Manufacturing activity of Bukaka has also absorbed roughly 700 employees and its production capacity has reached 70 airbriges per annum. “We are able to increase our production threefold when orders are rising,” said Age Triobowo, Bukaka’s General Manager of Boarding Bridge. In addition to aircraft, Bukaka also manufactures similar product for ship passengers.

In addition to airbridges, Bukaka is also working on other businesses namely transmission towers, steel bridges, power stations, galvanized steel, high-way construction equipment, oil and gas production equipment and special vehicles. Bukaka is also working on automotive components in which some 2.5 million handlebars of Honda motorcycle are manufactured annually to meet orders from Astra group.

ANTARA
 
.
South and Central Kalimantan to have surplus in power supply
Kamis, 5 Mei 2016 09:22 WIB | 390 Views

Banjarmasin, S Kalimantan (ANTARA News) - South and Central Kalimantan will have surplus in power supply in October 2016, says Purnomo, the general manager of the National Power Utility (PLN) for the two neighboring provinces.

"With power from the gas fired power plant(PLTG) of Bengkanai channeled to the Barito system, there would be surplus in power supply in the two province," Purnomo said after a meeting with the Commission III of the regional legislative assembly on Wednesday.

Construction of the networks from PLTG of Bengkanai to supply power to the Barito system would be completed in September 2016, he said.

The surplus would be larger when there is additional supply from the steam powered electric station (PLTU) of Pulang Pisang in Central Kalimantan, he said.

More supply is also expected from the power plant of the cement factory of PT CONCH in the district of Tabalong.

PLN is allowed to buy 10MW from the 20MW capacity power plant of the cement factory.

"With the addition of 10 MW there would be no doubt about power reserve to feed the two provinces," he said.

The PLTG of Bengkanai in the regency of Barito Utara, Central Kalimantan has a capacity of 150 MW and the PLTU of Pulang Pisang has a capacity of 2x60 MW.

Currently power supply in the two provinces is barely enough from the existing power plants. Blackout would result if any of the existing power plants was in trouble.

Currently PLN has the 4x65 MW PLTU of Asam-Asam , around 140 kilometers east of Banjarmasin in the regency of Tanah Laut, the 3x10 MW hydro power plant (PLTA) of Ir Pengeran Mohammad Noor , located around 60 kilometers northeast of Banjarmasin and a number of smaller power plants which already supply power to the Barito system.

Chairman of the Commission III of the South Kalimantan legislative H Bardiansyah said he could not comment much about the performance of PLN in the region.

"I appreciate the plan and hope that the plan could come to reality," he said.

He said PLN had given false promise once when it said earlier that there would be no shortage in power supply and blackouts in the region in 2016. (*)

http://www.antaranews.com/en/news/1...al-kalimantan-to-have-surplus-in-power-supply
 
.
Indonesia's Q1 economy runs slower than expected
Posted: Wed, May 4 2016 | 01:55 pm
2016_05_04_4118_1462342932._large.jpg
President Joko “Jokowi” Widodo chairs a limited Cabinet meeting to discuss economic issues at the Presidential Office in Jakarta in January. Vice President Jusuf Kalla (right), (from left to right) head of the Financial Services Authority’s (OJK) board of commissioners, Muliaman D. Hadad, Finance Minister Bambang Brodjonegoro as well as Bank Indonesia Governor Agus Martowardojo also attended the meeting to discuss economic issues. (Antara/Widodo S. Jusuf)

The Indonesian economy expanded by only 4.92 percent year-on-year ( yoy ) in the first quarter of this year, lower than 5.04 percent in the previous quarter.

Private consumption, weighing in at more than 58 percent of the gross domestic product ( GDP ) value in the period, expanded 4.94 percent, another below-5-percent growth. Investment expanded 4.24 percent while government spending grew by only 2.93 percent yoy versus 7.31 percent recorded in the previous quarter.

However, this year's start was better than that of the same period last year when the economy grew by 4.73 percent yoy, said Central Statistic Agency ( BPS ) head Suryamin when announcing the GDP growth at his office in Central Jakarta on Wednesday.

Suryamin quickly brushed-off concerns about the economy, saying that this quarter’s situation was not an apple-to-apple comparison to the previous one when businesses and government spending had picked up pace.

"Economic activities have just started in the first quarter," he said, adding that the economy started moving faster in the second and third quarter thanks to holiday celebrations and government spending.

The first quarter figure is well below analysts and the government's projection. Bank Indonesia ( BI ) expects to see the economy expand 5.1 percent this quarter, while analysts and the market project growth of between 5.01 percent and 5.2 percent.

The headline number came in below market expectations, DBS Bank economist Gundy Cahyadi admitted.

"Investment growth is the key downside risk to our GDP growth forecast this year, especially since private sector investment is not expected to recover by much until we are in the second half of this year," he wrote in a research note.

He penciled in 5.2 percent full-year growth, slightly below the government's target of 5.3 percent.

Indonesia's economy, the largest in the Southeast Asia, expanded by only 4.8 percent last year, the slowest since the 2009 financial crisis. ( dmr )

http://www.thejakartapost.com/news/2016/05/04/indonesias-q1-economy-runs-slower-than-expected.html
 
.
Bukaka Celebrates Successful Export of Jet Bridges to Japan
Jakarta.
Bukaka Teknik Utama, an infrastructure-focused listed company, held a special ceremony on Monday (02/05) to celebrate the successful recent export of aircraft passenger boarding bridges to Japan. The export deal was part of the company's strategy to expand its coverage and eventually enter the European market.

Bukaka's aircraft passenger boarding bridges, also known as jet bridges, feature the so-called easy-walk technology that allows elderly people or those with disabilities to embark and disembark aircraft with ease.

"Having seen it exported to 13 countries so far, I hope to see Bukaka's jet bridges at European airports soon," Industry Minister Saleh Husin said in a statement.

Bukaka is sending the jet bridge featured in Monday's ceremony to Yamaguchi Ube Airport, which is located near the city of Ube in Japan's Yamaguchi Prefecture.

There are 98 of Bukaka's jet bridges in Japan already, making up about 18 percent of the total number of jet bridges in that country.

Since production started in 1989, Bukaka has made 700 jet bridges and exported 474 to Singapore, Malaysia, Brunei, the Philippines, Myanmar, Thailand, Hong Kong, India and Chile.

"We had also sent [a jet bridge] to China. The main jet bridge producers in the world are the United States, Japan, China, Germany and us," Bukaka Teknik Utama president director Irsal Kamaruddin said.


Bukaka Teknik Utama's shares — trading under the stock ticker BUKK on the local stock exchange — rose 3.2 percent on Monday, closing at 484, in contrast with a 0.63 percent decline on the benchmark stock index.
http://jakartaglobe.beritasatu.com/business/bukaka-celebrates-successful-export-jet-bridges-japan/
 
.

Pakistan Affairs Latest Posts

Country Latest Posts

Back
Top Bottom