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Indonesia Economy Forum

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GMF records 13 percent growth in revenue, 15.3 percent in profit

Source : http://www.thejakartapost.com/news/...growth-in-revenue-15-3-percent-in-profit.html

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PT Garuda Maintenance Facility (GMF) Aero Asia recorded a 13 percent growth in revenue to US$439.3 million in 2017 from $388.7 million the previous year, according to a company press statement received on Thursday.

Meanwhile, the net profit of GMF, a subsidiary of national flag carrier PT Garuda Indonesia, which runs airplane maintenance, repair and overhaul (MRO), also grew by 15.3 percent to $50.9 million in 2017 from $42.2 million in 2016.

“It proves that GMF is consistent in its effort to increase both revenue and profit,” said GMF president director Iwan Joeniarto in the statement, adding that the revenue increase was supported by all of its business lines with the three businesses as the largest contributors.

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Indonesia gold reserve climb..
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Surabaya to Start Construction of New Tram Network by Year's End
source : Link


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Jakarta. Surabaya is set to break ground on a new tram network towards the end of this year, Transportation Minister Budi Karya Sumadi said in the East Java capital on Tuesday (28/02).

The 17-kilometer tram route, which will have 29 stations between Rajawali and Joyoboyo, will provide a transportation alternative for the region's 3.4 million residents.

Unlike other cities, such as Jakarta, Bandung and Palembang, which are all currently developing light rail transit systems, Surabaya opted for a tram network, which according to Budi, is intended to evoke memories of the city's old tram service, phased out in 1978.

The new tram service is also intended to become a tourist attraction.

"The total cost of the project will be around Rp 4.5 trillion [$315 million] funded by a public-private partnership scheme," he said.


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Proposed Surabaya Monorail
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Adi Soemarmo International Airport Railink, Solo city, Central Java
Airport Train Station, completion target in mid 2018


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Pertamina Lubricants Opens First Representative Office in Sydney
source : http://jakartaglobe.id/business/pertamina-lubricants-opens-first-representative-office-sydney/

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Jakarta. Pertamina Lubricants, a subsidiary of Indonesia's state-owned energy company, has opened its first representative office in Sydney as part of efforts to strengthen its presence in the Asia-Pacific region.

"[With the expansion to Sydney] we will be closer to potential customers, and we will also keep adapting to changing business and market developments in Australia," Pertamina Lubricants president director Afandi said in a statement on Friday (02/03).

The company started exporting lubricants to Australia in 2009, and to countries on the Indochinese Peninsula in 2010. In 2012, it also started exports to Europe and Africa.

Afandi said Australia is a potential market for lubricants, which makes the company determined to continue boosting its exports. It currently sells 60 percent of its output on the domestic market, while exporting the rest.

Pertamina Lubricants currently has 16 product distributors in 17 countries, including Belgium, Spain, Singapore, Malaysia, China, Taiwan, Bangladesh and Iran.

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Gaikindo Indonesia International Vehicle Commercial Expo (GIICOMVEC) 2018

MAXVEL Electric Bus by PT MAB
1st Prototype, Car-body by Local manufacture New Armada. 0% emission, 45% local content.
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Adiputro Bus manufacture with their SCANIA new body
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Pertamina Lubricants Opens First Representative Office in Sydney
source : http://jakartaglobe.id/business/pertamina-lubricants-opens-first-representative-office-sydney/

pertamina-fastron_20180302_112433.jpg

Jakarta. Pertamina Lubricants, a subsidiary of Indonesia's state-owned energy company, has opened its first representative office in Sydney as part of efforts to strengthen its presence in the Asia-Pacific region.

"[With the expansion to Sydney] we will be closer to potential customers, and we will also keep adapting to changing business and market developments in Australia," Pertamina Lubricants president director Afandi said in a statement on Friday (02/03).

The company started exporting lubricants to Australia in 2009, and to countries on the Indochinese Peninsula in 2010. In 2012, it also started exports to Europe and Africa.

Afandi said Australia is a potential market for lubricants, which makes the company determined to continue boosting its exports. It currently sells 60 percent of its output on the domestic market, while exporting the rest.

Pertamina Lubricants currently has 16 product distributors in 17 countries, including Belgium, Spain, Singapore, Malaysia, China, Taiwan, Bangladesh and Iran.

ILMA_02.jpg


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Gaikindo Indonesia International Vehicle Commercial Expo (GIICOMVEC) 2018

MAXVEL Electric Bus by PT MAB
1st Prototype, Car-body by Local manufacture New Armada. 0% emission, 45% local content.

28279430_10210724112528691_75280734944947557_n.jpg

869497540.jpg

Mobil-Anak-Bangsa-9.jpg

1519894958.jpg

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Adiputro Bus manufacture with their SCANIA new body
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MAB electric bus
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2.5 hours recharging time/ 250km
 
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MAB electric bus
View attachment 457214
2.5 hours recharging time/ 250km
I am hoping indonesian company produce small electric 4x4 suv car that have reasonable price with indonesian own brand, if they can sell it at the range of 200-300 million, i am sure it will be a boom, if that really happen i will invest on a micro hydro turbine power plant in the small river at the back of my house, say good bye with pln and pertamina heheheheheh
 
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Kimia Farma Acquires Saudi Arabian Pharmaceutical Firm

source : https://en.tempo.co/read/news/2018/...ma-Acquires-Saudi-Arabian-Pharmaceutical-Firm

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TEMPO.CO
, Jakarta - Pharmaceutical issuer Kimia Farma has acquired a new subsidiary after acquiring 60 percent stake in Saudi Arabia's Dawaa Medical Limited Company. President director Honesti Basyir said the acquisition is a step to expand the company's market to the Middle East and Africa.

"We want to work on all the potentials that exist in Saudi Arabia," he said in Jakarta, Monday, March 5.

Kimia Farma made the acquisition by investing Rp130 billion in capital. The corporate action was carried out under Dawaa Medical's rights offering.

With the acquisition, Dawaa—a subsidiary of Marei Bin Mahfouz (MBM)—changed its name to Kimia Farma Dawaa. The subsidiary officially operates after the two parties inked a shareholders' agreement at Jakarta's Hotel Borobudur on Monday, March 5.

Honesti said the expansion also supports the Indonesian government's program to provide the pharmacy needs of Haj pilgrims, whom he said are showing increasing demands for health services every year. He also said that the health business in Saudi Arabia is very promising, with its market value estimated to exceed US$20 billion by 2020.

Kimia Farma Dawaa has 31 outlets and 2 distribution centers. The company aims at having 90 outlets in over the next two or three years. Kimia Farma Dawaa also plans to open a drug manufacturing factory in Saudi Arabia.

TransJakarta Set to Start Operating New Volvo Buses This Month
source : http://jakartaglobe.id/transportati...o-start-operating-new-volvo-buses-this-month/
 
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Government continues to expand “link and match” program: Minister

source : http://www.thejakartapost.com/news/...o-expand-link-and-match-program-minister.html

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The Industry Ministry has said it had linked 143 companies in Jakarta and Banten with 292 vocational schools (SMKs) to educate students to become skilled workers needed by the relevant industries.

"A total of 612 cooperation deals were signed today between schools and industries,” said Industry Minister Airlangga Hartarto on Monday when launching the ministry’s fifth “link and match” program in Cilegon, Banten, on Monday.

Currently, 1,537 vocational schools have been linked to 568 industries in East Java, Central Java, West Java, Aceh, North Sumatra, West Sumatra, Riau, Riau Islands, Jakarta and Banten.

Under the “link and match” program, schools cooperate with industries to provide students with working experience based on the programs studied in their schools, said Airlangga, adding that the program was an implementation of Presidential Instruction No. 9/2016 on SMK revitalization.

Airlangga said the ministry was looking forward to “link and match” programs in Southern Sumatra provinces — Jambi, Bengkulu, South Sumatra, Bangka Belitung, and Lampung — as well as in South Sulawesi.

He added that the ministry aimed to link 1,795 SMKs all over the country to the relevant industries by 2019.
(ami/bbn)
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Yang lagi di jerman atau di belanda mungkin bisa cerita2 dikit disini, gimana disana.
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33 new toll road will be unveiled along this year

North Sumatera
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Medan-Kuala Namu - Tebingtinggi (Section 1) 3,25km/ April 2018
Medan - Binjai (Section 1) 2,8Km April 2018
Medan-Kuala Namu - Tebingtinggi (Section 1C) 9,3Km/December 2018
Medan - Binjai (Section 1 Tanjung mulia - Helvetia) 6,27Km /December 2018


Total : 21,62Km

South Sumatera
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Palembang - Indralaya (Section 3) 9,28Km / April 2018
Kayu Agung - Palembang - Betung (Section 1) 33,5Km / June 2018
Palembang - Indralaya (Section 2) 4,9 Km/June 2018
Terbangi Besar - Kayu Agung (Section 1) 100 Km/ June 2018
Terbangi Besar - Kayu Agung (Section 2) 85 Km/ June 2018
Kayu Agung - Palembang - Betung (Section 2) 33,9Km / June 2018


Total : 266,58 Km

Riau
Pekanbaru - Dumai (Section 1) 9,1 Km & (Section 2) 23,6 Km/ December 2018

Total : 32,7 Km

Lampung
Bakauheni - Terbangi Besar Phase 1 (30,5Km), Phase 2 (35,48Km), Phase 3 (29 Km), Phase 4 (31,8 Km)

Total : 126,78 Km

Greater Jakarta & Trans Java Toll Road

West Java
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Cinere - Jagorawi (Section 1) 5,5 Km/April 2018
Ciawi - Sukabumi (Section 1) 7,3 Km & (Section 1 Carigin-cigombong) 8,05Km/April 2018
Bogor Ring Road (Section 2B) 2.05Km/April 2018
Cileunyi - Sumedang - Dawuan (Section 1) 12,2 Km & (Section 2) 19,1Km/ December 2018


Total : 46,15 Km

Central Java
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Ngawi - Kertosono (Section 1 ) 34,2 Km/ March 2018
Kertosono - Mojokerto (Section 4) 40,50 Km / March 2018
Solo - Ngawi 20,9Km / March 2018
Solo - Mantingan (Section 1) 13,8 Km / March 2018
Mantingan - Ngawi (Section 2) 21,35 Km/ March 2018
Pejagan - Pemalang (Section 3) 10,4 Km / March 2018
Pejagan - Pemalang (Section 4) 26,9 Km / March 2018
Batang - Semarang (Section 1) 3,2 Km/ June 2018
Batang - Semarang (Section 2) 36,35 Km/ June 2018
Batang - Semarang (Section 3) 11,05 Km/ June 2018
Batang - Semarang (Section 4) 13,5 Km/ June 2018
Batang - Semarang (Section 5) 10,9 Km/ June 2018

Pemalang - Batang (Section 1) 23,3 Km/ July 2018
Pemalang - Batang (Section 2) 15,9 Km/ July 2018

Semarang - Solo (Section 4) 24,13 Km/ September 2018
Semarang - Solo (Section 5) 8,14 Km/ September 2018


Total : 314,52 Km

East Java
Ngawi - Kertosono (Section 2) 20 Km/ March 2018
Ngawi - Kertosono (Section 3) 8,45 Km/ March 2018
Gempol - Pasuruan (Section 2) 8,1 Km / August 2018
Pasuruan - Probolinggo (Section 1) 7,93 Km/ October 2018
Pasuruan - Probolinggo (Section 2) 23,38 Km/ October 2018
Pasuruan - Probolinggo (Section 3) 1,08 Km/ October 2018
Krian - Legundi - Bunder - Manyar (Section 1) 14,7 Km/ December 2018
Krian - Legundi - Bunder - Manyar (Section 2) 4,44 Km/ December 2018
Krian - Legundi - Bunder - Manyar (Section 3) 10,16 Km/ December 2018
Gempol - Pasuruan (Section 3 ) 12,15 Km / December 2018
Pandaan - Malang (Section 1) 18,57 Km / December 2018
Pandaan - Malang (Section 2) 7,74 Km / December 2018
Pandaan - Malang (Section 3) 8,32 Km / December 2018
Porong - Gempol - Kejapanan / 7,05 Km / December 2018

Ngawi - Kertosono Via Solo Kertosono 37,5 Km/ December 2018


Total : 189,57 Km

Greater Jakarta

Depok - Antasari (Section 1) 6,8 Km/ April 2018
Bekasi - Cawang - Kampung Melayu (Section 1A) 1,8 Km/ April 2018
Bekasi - Cawang - Kampung Melayu (Section 1A Casablanca - Cipinang) 2,72 Km/ December 2018


Total : 11,32 Km

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Total 2018 : 1,009,24 Km
 
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