Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Indonesia Economy Forum
- Thread starter Pirupiru
- Start date
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
President inspects construction of soekarno-hatta airport`s third runway
Kamis, 21 Juni 2018 18:35 WIB - 0 Views
Reporter: Desca Lidya Natalia
President Joko Widodo (second left) flanked by transportation minister Budi Karya Sumadi (left) and president ditector of port operator PT Angkasa Pura II Muhammad Awaluddin (second right) inspected flow of returning Eid holiday makerds at Soekarno-Hatta airport on Thursday (21/6/2018). (ANTARA FOTO/Muhammad Iqbal)
Tangerang (ANTARA News) - President Joko Widodo on Thursday inspected the construction of Soekarno-Hatta Airport`s third runway.
"Soekarno-Hatta Airport is the busiest airport in our country. As we know, the development of air passengers in the country has reached some nine percent, which is such a fast growth," the president stated at the construction site at Soekarno-Hatta Airport.
The airport has two construction projects, a three thousand-meter long runway project and 3,160-meter-long taxi way, which would need at least Rp1.5 trillion of fund.
Construction of the runway started in March, and it still faced some problems regarding land release.
"We continue to construct new airport and new terminals. Among the airports that we developed is Soekarno-Hatta Airport. What we have seen in our experience is that we have to queue up for 20 to 30 minutes before taking off," he added.
The president has expressed his hope that the development of a new taxi way would cut short the airplane`s waiting time before take-off.
"The land release process has been 70 percent completed. The construction has been started, and we hope that this parallel taxi way could be finalized by the end of December 2018. While (construction of) the third runway is expected to be completed in June 2019," he stated.
Development of the third runway is expected to increase the number of airplanes taking off and landing in the airport, from 80 airplanes per hour, to some 120 aircraft per hour currently.
"After we finish the construction of the third runway, there would be no more queues. But if the number of passengers increases, we will develop more runways. The growth of air transportation in our country has reached nine percent. We have to anticipate this," Jokowi said.
The airport`s capacity would need to be improved as more foreign visitors come to Indonesia through Soekarno-Hatta Airport.
"Therefore, the construction of the third runway would increase flights to Indonesia," the president elaborated.
Editor: Yosep Hariyadi
COPYRIGHT © ANTARA 2018
Kamis, 21 Juni 2018 18:35 WIB - 0 Views
Reporter: Desca Lidya Natalia
President Joko Widodo (second left) flanked by transportation minister Budi Karya Sumadi (left) and president ditector of port operator PT Angkasa Pura II Muhammad Awaluddin (second right) inspected flow of returning Eid holiday makerds at Soekarno-Hatta airport on Thursday (21/6/2018). (ANTARA FOTO/Muhammad Iqbal)
Tangerang (ANTARA News) - President Joko Widodo on Thursday inspected the construction of Soekarno-Hatta Airport`s third runway.
"Soekarno-Hatta Airport is the busiest airport in our country. As we know, the development of air passengers in the country has reached some nine percent, which is such a fast growth," the president stated at the construction site at Soekarno-Hatta Airport.
The airport has two construction projects, a three thousand-meter long runway project and 3,160-meter-long taxi way, which would need at least Rp1.5 trillion of fund.
Construction of the runway started in March, and it still faced some problems regarding land release.
"We continue to construct new airport and new terminals. Among the airports that we developed is Soekarno-Hatta Airport. What we have seen in our experience is that we have to queue up for 20 to 30 minutes before taking off," he added.
The president has expressed his hope that the development of a new taxi way would cut short the airplane`s waiting time before take-off.
"The land release process has been 70 percent completed. The construction has been started, and we hope that this parallel taxi way could be finalized by the end of December 2018. While (construction of) the third runway is expected to be completed in June 2019," he stated.
Development of the third runway is expected to increase the number of airplanes taking off and landing in the airport, from 80 airplanes per hour, to some 120 aircraft per hour currently.
"After we finish the construction of the third runway, there would be no more queues. But if the number of passengers increases, we will develop more runways. The growth of air transportation in our country has reached nine percent. We have to anticipate this," Jokowi said.
The airport`s capacity would need to be improved as more foreign visitors come to Indonesia through Soekarno-Hatta Airport.
"Therefore, the construction of the third runway would increase flights to Indonesia," the president elaborated.
Editor: Yosep Hariyadi
COPYRIGHT © ANTARA 2018
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Indonesia sneaks up on Singapore with flurry of port projects
Widodo envisions a new global shipping hub on China's Belt and Road
ERWIDA MAULIA, Nikkei staff writerJune 14, 2018 09:00 JST
(Original photos by Reuters)
GRESIK, Indonesia -- It may not look like much right now, but an 1,800-hectare tract of land on the eastern edge of Java symbolizes Indonesia's future.
The site, at the entrance to the busy Madura Strait, is to host the largest industrial park in East Java -- the Java Integrated Industrial and Ports Estate. It is still mostly deserted, but construction is gaining steam. And it is just one of dozens of port projects sprouting up around the country, as President Joko Widodo pushes to turn the archipelago into a fulcrum of maritime trade.
"Why do I like this area? Because it is an integrated area -- it has a port and an industrial zone," Widodo said at the opening ceremony for the first phase of the Java estate in March. "By being integrated with a deep-sea port, this park will have direct access to domestic and international markets."
After taking office in October 2014, Widodo endorsed a five-year, 700 trillion rupiah ($50.6 billion) plan to build up the maritime sector. This included 243 trillion rupiah for developing 24 "strategic ports."
Progress in the first half of his presidency was sluggish, but infrastructure development began to gather pace last year. Now, old ports are being revamped and new ones are being built as Indonesia strives to tackle its notoriously high logistics costs and become a transshipment hub capable of challenging Singapore's dominance.
The port at the Java estate will have a total berth length of 6.4km. Some sections will be deep enough to accommodate large cargo vessels with capacities up to 100,000 deadweight tons. This is expected to reduce loads at nearby Tanjung Perak, Indonesia's second-busiest port and the main logistics gateway to the nation's eastern provinces.
"At Tanjung Perak now, eight ships at a time have to queue to dock [at one spot]," a director of the estate project said in May. "Ships often have to wait for a week outside [the port] before docking. We should have [developed the new port] three or five years ago."
The integrated estate currently hosts seven small manufacturers, serving their logistics needs with a 200-meter jetty. The goal is to complete the estate by 2030, by which time the developers -- state-owned port operator Pelindo III and private partner AKR Corporindo -- expect to play host to nearly 200 companies.
Freeport Indonesia, the local unit of U.S. miner Freeport-McMoRan, is reportedly looking at the site as a potential location for its second smelter in the country.
Widodo said he wants more estates that link plants and ports, since this will bring down the logistics costs that run to the equivalent of 24% of Indonesia's gross domestic product. That is significantly higher than the figures for most other countries in the region.
The Widodo government wants to lower the number to 19% next year.
Logistics are particularly expensive in the eastern provinces, where infrastructure lags far behind other parts of the country. Port projects in remote cities like Makassar and Sorong are meant to tackle this challenge. Upgrades are needed to make room for cargo vessels, including ships operated under the president's signature Sea Highways program, which regularly sends goods to designated ports nationwide at subsidized cost.
Indonesia's 17,000 islands are home to more than 1,200 ports -- including around 110 cargo bases run by four state-owned companies, Pelindo I through IV. But past infrastructure development focused heavily on roads, leaving many aging ports with insufficient capacity. Sea transport currently accounts for just 6% of Indonesia's freight traffic, versus 45% by land and 30% by air.
The World Bank studied 18 Indonesian ports and, in a note issued in January, said they suffer from a "critical infrastructure gap."
"The quality of ports' infrastructure across the country is a weak factor in the overall country's competitiveness," the bank wrote.
Indonesia's port quality ranks 72nd in the latest Global Competitiveness Index issued by the World Economic Forum -- below neighbors Singapore, Malaysia and Thailand.
There are signs Indonesia is moving in the right direction. Transportation Minister Budi Sumadi said Tanjung Priok, the country's busiest port in Jakarta, has seen a throughput increase of 1 million 20-foot equivalent units a year following the completion of its first expansion phase.
"And after Kuala Tanjung starts operating, my target is to increase [Indonesia's] throughput by 3 million TEUs this year," Sumadi said last month, referring to another port in north Sumatra. He added that some of the extra volume is expected to come over from Singapore and Malaysia.
Over the past two years, Indonesia also has been developing bonded logistics centers across the country -- offering to waive import duties for goods stored in the centers. The head of the customs and excise office said in April that the new policy has drawn $606 million worth of inventory away from Singapore.
The Teluk Lamong Terminal, a project by state operator Pelindo III, is billed as the country's first green and automated port. (Photo by Erwida Maulia)
Zaldy Masita, chairman of the Indonesian Logistics Association, said the centers are prompting a growing number of companies to move warehouses from the city-state. "We've received information from our partners that they've been offered discounts to [keep their cargo] in Singapore," Masita told reporters in April. "[The policy] is starting to change the logistics landscape in Southeast Asia."
Funding is an issue, however.
The government has said the state budget can cover only a third of the 4,800 trillion rupiah worth of infrastructure needed in the 2015 to 2019 period. Officials in Jakarta have been actively inviting other countries to invest in ports.
The Netherlands' Port of Rotterdam Authority provided consulting to Pelindo I on the first development phase of Kuala Tanjung, and is reportedly planning to invest in the next phase. Last November, the Japanese government signed a 118.9 billion yen ($1 billion) loan for the construction of the Patimban deep-sea port, with a consortium of Japanese and Indonesian companies landing the construction contract. Singaporean port operator PSA International has been involved in one project and may soon join another.
But China's Belt and Road infrastructure initiative is perhaps Indonesia's biggest hope.
Widodo has repeatedly said his maritime vision can complement the Belt and Road. Beijing has expressed some interest in port investment: Ningbo Zhoushan Port and China Communications Construction Engineering Indonesia have signed memorandums of understanding with Indonesian port operators to jointly develop New Priok and Kendal International Port, respectively.
Yet no actual investments are known to have been made. Indonesia's Chief Maritime Minister Luhut Panjaitan was dispatched to Beijing in April to reiterate calls to invest in the Kuala Tanjung and Bitung international hub ports. He said he brought home $23.3 billion worth of deals -- but none for the port projects.
Some analysts think Indonesia is not a priority on the Belt and Road. "China has more immediate incentives to strengthen its trade routes in its neighboring countries first that are not separated by seas," brokerage Reliance Sekuritas Indonesia said in a note.
Nevertheless, Massimiliano Cali, senior economist for macro trade and investment at the World Bank, said financing may not be the key issue for major projects like Kuala Tanjung and Patimban.
"While it is true that these are big projects, their financing should not be a key constraint to the extent that they are commercially viable," Cali told the Nikkei Asian Review. "And both projects appear to have the potential to receive substantial traffic, which can eventually allow the repayment of the development costs."
President Joko Widodo inspects a ship at Tanjung Priok Port in Jakarta in May. Indonesia is keen to advertise its growing ability to accommodate large containerships. (Photo courtesy of Indonesia’s presidential office)
Financing issues aside, Teuku Rezasyah, an international relations lecturer at Indonesia's Padjadjaran University, said the country must be cautious about allowing access to its ports. He specifically pointed to projects offered to China for Belt and Road investment that are located in areas with direct access to the disputed South China Sea.
The Belt and Road "can't be merely about infrastructure development; it has more strategic goals related directly to the South China Sea," Rezasyah said. "The Indonesian government is now being too hungry for investment ... but it must be extra careful."
Experts also stress Indonesia has a long way to go before it can expect to snatch significant chunks of the transshipment market from Singapore. And given the number of ongoing and planned port projects, there is concern about counterproductive competition.
"Ports in the region need to [take] a collaborative view and not a competitive one to gain collective advantages," said Gopal R, global vice president for transportation and logistics practice at Frost & Sullivan. "If the ports pitch one against another in the region, the advantage will only be incremental growth and not sustainable growth."
https://asia.nikkei.com/Spotlight/A....com&utm_campaign=BA INDO&utm_medium=referral
Widodo envisions a new global shipping hub on China's Belt and Road
ERWIDA MAULIA, Nikkei staff writerJune 14, 2018 09:00 JST
GRESIK, Indonesia -- It may not look like much right now, but an 1,800-hectare tract of land on the eastern edge of Java symbolizes Indonesia's future.
The site, at the entrance to the busy Madura Strait, is to host the largest industrial park in East Java -- the Java Integrated Industrial and Ports Estate. It is still mostly deserted, but construction is gaining steam. And it is just one of dozens of port projects sprouting up around the country, as President Joko Widodo pushes to turn the archipelago into a fulcrum of maritime trade.
"Why do I like this area? Because it is an integrated area -- it has a port and an industrial zone," Widodo said at the opening ceremony for the first phase of the Java estate in March. "By being integrated with a deep-sea port, this park will have direct access to domestic and international markets."
After taking office in October 2014, Widodo endorsed a five-year, 700 trillion rupiah ($50.6 billion) plan to build up the maritime sector. This included 243 trillion rupiah for developing 24 "strategic ports."
Progress in the first half of his presidency was sluggish, but infrastructure development began to gather pace last year. Now, old ports are being revamped and new ones are being built as Indonesia strives to tackle its notoriously high logistics costs and become a transshipment hub capable of challenging Singapore's dominance.
The port at the Java estate will have a total berth length of 6.4km. Some sections will be deep enough to accommodate large cargo vessels with capacities up to 100,000 deadweight tons. This is expected to reduce loads at nearby Tanjung Perak, Indonesia's second-busiest port and the main logistics gateway to the nation's eastern provinces.
"At Tanjung Perak now, eight ships at a time have to queue to dock [at one spot]," a director of the estate project said in May. "Ships often have to wait for a week outside [the port] before docking. We should have [developed the new port] three or five years ago."
The integrated estate currently hosts seven small manufacturers, serving their logistics needs with a 200-meter jetty. The goal is to complete the estate by 2030, by which time the developers -- state-owned port operator Pelindo III and private partner AKR Corporindo -- expect to play host to nearly 200 companies.
Freeport Indonesia, the local unit of U.S. miner Freeport-McMoRan, is reportedly looking at the site as a potential location for its second smelter in the country.
Widodo said he wants more estates that link plants and ports, since this will bring down the logistics costs that run to the equivalent of 24% of Indonesia's gross domestic product. That is significantly higher than the figures for most other countries in the region.
The Widodo government wants to lower the number to 19% next year.
Logistics are particularly expensive in the eastern provinces, where infrastructure lags far behind other parts of the country. Port projects in remote cities like Makassar and Sorong are meant to tackle this challenge. Upgrades are needed to make room for cargo vessels, including ships operated under the president's signature Sea Highways program, which regularly sends goods to designated ports nationwide at subsidized cost.
Indonesia's 17,000 islands are home to more than 1,200 ports -- including around 110 cargo bases run by four state-owned companies, Pelindo I through IV. But past infrastructure development focused heavily on roads, leaving many aging ports with insufficient capacity. Sea transport currently accounts for just 6% of Indonesia's freight traffic, versus 45% by land and 30% by air.
The World Bank studied 18 Indonesian ports and, in a note issued in January, said they suffer from a "critical infrastructure gap."
"The quality of ports' infrastructure across the country is a weak factor in the overall country's competitiveness," the bank wrote.
Indonesia's port quality ranks 72nd in the latest Global Competitiveness Index issued by the World Economic Forum -- below neighbors Singapore, Malaysia and Thailand.
There are signs Indonesia is moving in the right direction. Transportation Minister Budi Sumadi said Tanjung Priok, the country's busiest port in Jakarta, has seen a throughput increase of 1 million 20-foot equivalent units a year following the completion of its first expansion phase.
"And after Kuala Tanjung starts operating, my target is to increase [Indonesia's] throughput by 3 million TEUs this year," Sumadi said last month, referring to another port in north Sumatra. He added that some of the extra volume is expected to come over from Singapore and Malaysia.
Over the past two years, Indonesia also has been developing bonded logistics centers across the country -- offering to waive import duties for goods stored in the centers. The head of the customs and excise office said in April that the new policy has drawn $606 million worth of inventory away from Singapore.
Zaldy Masita, chairman of the Indonesian Logistics Association, said the centers are prompting a growing number of companies to move warehouses from the city-state. "We've received information from our partners that they've been offered discounts to [keep their cargo] in Singapore," Masita told reporters in April. "[The policy] is starting to change the logistics landscape in Southeast Asia."
Funding is an issue, however.
The government has said the state budget can cover only a third of the 4,800 trillion rupiah worth of infrastructure needed in the 2015 to 2019 period. Officials in Jakarta have been actively inviting other countries to invest in ports.
The Netherlands' Port of Rotterdam Authority provided consulting to Pelindo I on the first development phase of Kuala Tanjung, and is reportedly planning to invest in the next phase. Last November, the Japanese government signed a 118.9 billion yen ($1 billion) loan for the construction of the Patimban deep-sea port, with a consortium of Japanese and Indonesian companies landing the construction contract. Singaporean port operator PSA International has been involved in one project and may soon join another.
But China's Belt and Road infrastructure initiative is perhaps Indonesia's biggest hope.
Widodo has repeatedly said his maritime vision can complement the Belt and Road. Beijing has expressed some interest in port investment: Ningbo Zhoushan Port and China Communications Construction Engineering Indonesia have signed memorandums of understanding with Indonesian port operators to jointly develop New Priok and Kendal International Port, respectively.
Yet no actual investments are known to have been made. Indonesia's Chief Maritime Minister Luhut Panjaitan was dispatched to Beijing in April to reiterate calls to invest in the Kuala Tanjung and Bitung international hub ports. He said he brought home $23.3 billion worth of deals -- but none for the port projects.
Some analysts think Indonesia is not a priority on the Belt and Road. "China has more immediate incentives to strengthen its trade routes in its neighboring countries first that are not separated by seas," brokerage Reliance Sekuritas Indonesia said in a note.
Nevertheless, Massimiliano Cali, senior economist for macro trade and investment at the World Bank, said financing may not be the key issue for major projects like Kuala Tanjung and Patimban.
"While it is true that these are big projects, their financing should not be a key constraint to the extent that they are commercially viable," Cali told the Nikkei Asian Review. "And both projects appear to have the potential to receive substantial traffic, which can eventually allow the repayment of the development costs."
Financing issues aside, Teuku Rezasyah, an international relations lecturer at Indonesia's Padjadjaran University, said the country must be cautious about allowing access to its ports. He specifically pointed to projects offered to China for Belt and Road investment that are located in areas with direct access to the disputed South China Sea.
The Belt and Road "can't be merely about infrastructure development; it has more strategic goals related directly to the South China Sea," Rezasyah said. "The Indonesian government is now being too hungry for investment ... but it must be extra careful."
Experts also stress Indonesia has a long way to go before it can expect to snatch significant chunks of the transshipment market from Singapore. And given the number of ongoing and planned port projects, there is concern about counterproductive competition.
"Ports in the region need to [take] a collaborative view and not a competitive one to gain collective advantages," said Gopal R, global vice president for transportation and logistics practice at Frost & Sullivan. "If the ports pitch one against another in the region, the advantage will only be incremental growth and not sustainable growth."
https://asia.nikkei.com/Spotlight/A....com&utm_campaign=BA INDO&utm_medium=referral
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Roambee secures strategic investment from Indonesia's MDI Ventures and enters rapidly growing $240B Southeast Asia IoT market
Jumat, 22 Juni 2018 11:35 WIB - 0 Views
Reporter: PR Wire
SANTA CLARA, Calif.--(Antara/BUSINESS WIRE)-- Roambee, the Internet of Things (IoT) supply chain and enterprise asset visibility company, today announced it has received $2 million in funding from MDI Ventures, Telkom Indonesia's corporate venture capital firm. With this, Roambee is nearing the completion of $10M in funding and rapid expansion across 7 countries in just 14 months. MDI's investment will be used to fuel Roambee's entry into Indonesia and Southeast Asia's booming logistics market. Roambee's first customer in the region will include Telkom Indonesia, the largest telecommunication services company in Indonesia.
"The opportunity in Indonesia is huge," says Roambee CEO Sanjay Sharma. "It's one of the largest in the world, with almost 24 percent of the country's GDP spent on logistics. With MDI's investment, Roambee gains a significant advantage in quickly assuming a leadership position in driving the enterprise digital transformation of Indonesia across supply chain shipment and asset monitoring visibility."
Global investment dynamics are changing with Asian VC funds, such as those from MDI, outpacing US VC investments for the first time. Related, recent research shows that Indonesia's logistics market is expected to reach USD $240 billion by 2021.*
After reviewing over 7,000 companies in the IoT smart logistics space, MDI Ventures chose to invest in Roambee due to its solution's ability to track, trace and monitor in real-time through a broad array of sensors, while simultaneously doing important analytics and predictive reporting.
Nicko Widjaja, CEO of MDI Ventures, says, "Roambee�s end-to-end solution is best suited to meet the challenges of Indonesia's varied supply chain ecosystem, which we will see realized when implemented as part of Telkom Indonesia's enterprise services later this year."
Based in Jakarta, with operations in Singapore and Silicon Valley, MDI Ventures uniquely combines a VC model with services in providing companies with a go-to-market strategy in Indonesia after making a financial investment. MDI Ventures is currently Indonesia's most active corporate venture capital with investments across 10 countries and more than 7 technology verticals. The trifecta of MDI Ventures, Telkom Indonesia, and Roambee is the most recent example of that strategically powerful approach.
"I am delighted to have MDI Ventures as our investors who believe in our vision," Sharma adds. "We are very bullish on IoT-enabled supply chain applications and its global impact on industries and Indonesia. This investment will help us continue our hypergrowth trajectory."
About Roambee Corporation
The Roambee Corporation (www.roambee.com) is a Silicon Valley company transforming supply chain logistics and asset management inside, outside, and in-transit for global enterprise. Founded in 2013, the company provides proprietary sensor, software, and cloud technology solutions to capture, deliver, report, analyze, and understand data worldwide.
With Roambee, customers gain greater control and visibility over their goods and assets, with real-time monitoring, alerts, and insights to help enterprises mitigate risk, improve operations, and be more profitable. In 2018, Roambee earned the Compass Intelligence "IoT Sensor Company of the Year" award, named an IDC Market Intelligence "Innovator," and spotlighted by ABI Research for "Multi-Connectivity Asset Tracking." Roambee is backed by Deutsche Telekom, MDI Ventures, and other Silicon Valley investors.
About MDI Ventures
MDI Ventures is a corporate venture arm of Telkom Indonesia focusing to invest in mid stage high tech companies worldwide. Currently there are more than 30 portfolio companies under management across more than 7 tech verticals and 10 countries including USA, ASEAN, Japan, South Korea, Australia, and India.
*Source - https://www.prnewswire.com/news-rel...0-billion-by-2021-ken-research-669866643.html
View source version on businesswire.com: https://www.businesswire.com/news/home/20180621005404/en/
Contacts
Roambee Corporation
Kris Kraves, 805-527-7733
media@roambee.com
or
MDI Ventures
William Gozali
Head of Investment
willam.gozali@mdi.vc
Source: Roambee Corporation
Editor: PR Wire
COPYRIGHT © ANTARA 2018
Jumat, 22 Juni 2018 11:35 WIB - 0 Views
Reporter: PR Wire
SANTA CLARA, Calif.--(Antara/BUSINESS WIRE)-- Roambee, the Internet of Things (IoT) supply chain and enterprise asset visibility company, today announced it has received $2 million in funding from MDI Ventures, Telkom Indonesia's corporate venture capital firm. With this, Roambee is nearing the completion of $10M in funding and rapid expansion across 7 countries in just 14 months. MDI's investment will be used to fuel Roambee's entry into Indonesia and Southeast Asia's booming logistics market. Roambee's first customer in the region will include Telkom Indonesia, the largest telecommunication services company in Indonesia.
"The opportunity in Indonesia is huge," says Roambee CEO Sanjay Sharma. "It's one of the largest in the world, with almost 24 percent of the country's GDP spent on logistics. With MDI's investment, Roambee gains a significant advantage in quickly assuming a leadership position in driving the enterprise digital transformation of Indonesia across supply chain shipment and asset monitoring visibility."
Global investment dynamics are changing with Asian VC funds, such as those from MDI, outpacing US VC investments for the first time. Related, recent research shows that Indonesia's logistics market is expected to reach USD $240 billion by 2021.*
After reviewing over 7,000 companies in the IoT smart logistics space, MDI Ventures chose to invest in Roambee due to its solution's ability to track, trace and monitor in real-time through a broad array of sensors, while simultaneously doing important analytics and predictive reporting.
Nicko Widjaja, CEO of MDI Ventures, says, "Roambee�s end-to-end solution is best suited to meet the challenges of Indonesia's varied supply chain ecosystem, which we will see realized when implemented as part of Telkom Indonesia's enterprise services later this year."
Based in Jakarta, with operations in Singapore and Silicon Valley, MDI Ventures uniquely combines a VC model with services in providing companies with a go-to-market strategy in Indonesia after making a financial investment. MDI Ventures is currently Indonesia's most active corporate venture capital with investments across 10 countries and more than 7 technology verticals. The trifecta of MDI Ventures, Telkom Indonesia, and Roambee is the most recent example of that strategically powerful approach.
"I am delighted to have MDI Ventures as our investors who believe in our vision," Sharma adds. "We are very bullish on IoT-enabled supply chain applications and its global impact on industries and Indonesia. This investment will help us continue our hypergrowth trajectory."
About Roambee Corporation
The Roambee Corporation (www.roambee.com) is a Silicon Valley company transforming supply chain logistics and asset management inside, outside, and in-transit for global enterprise. Founded in 2013, the company provides proprietary sensor, software, and cloud technology solutions to capture, deliver, report, analyze, and understand data worldwide.
With Roambee, customers gain greater control and visibility over their goods and assets, with real-time monitoring, alerts, and insights to help enterprises mitigate risk, improve operations, and be more profitable. In 2018, Roambee earned the Compass Intelligence "IoT Sensor Company of the Year" award, named an IDC Market Intelligence "Innovator," and spotlighted by ABI Research for "Multi-Connectivity Asset Tracking." Roambee is backed by Deutsche Telekom, MDI Ventures, and other Silicon Valley investors.
About MDI Ventures
MDI Ventures is a corporate venture arm of Telkom Indonesia focusing to invest in mid stage high tech companies worldwide. Currently there are more than 30 portfolio companies under management across more than 7 tech verticals and 10 countries including USA, ASEAN, Japan, South Korea, Australia, and India.
*Source - https://www.prnewswire.com/news-rel...0-billion-by-2021-ken-research-669866643.html
View source version on businesswire.com: https://www.businesswire.com/news/home/20180621005404/en/
Contacts
Roambee Corporation
Kris Kraves, 805-527-7733
media@roambee.com
or
MDI Ventures
William Gozali
Head of Investment
willam.gozali@mdi.vc
Source: Roambee Corporation
Editor: PR Wire
COPYRIGHT © ANTARA 2018
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Jokowi inaugurates new toll road section
Jumat, 22 Juni 2018 22:18 WIB - 1 Views
Reporter: Indra Setiawan
President Joko Widodo inaugurates Gempol-Pasuruan toll road, Secion II Pasuruan toll gate East Java. (ANTARA Photo/Umarul Faruq)
Pasuruan (ANTARA News) - President Joko Widodo (Jokowi) dedicated a new toll road section stretching 20.5 kilometers (km) between Rembang and Pasuruan in East Java to ease the movement of goods and people in the region here on Friday.
"In the name of Allah, I officially open the 20.5-km Gempol-Pasuruan toll road section," he stated at the ceremony.
President Jokowi said he had inspected the completed toll road development projects, and the public works minister had claimed that several other sections of the Trans-Java toll road would be ready in July, September, October, and November.
The toll road between Merak in West Java and Pasuruan is expected to become fully operational by the end of this year and will be followed by the development of the section until Banyuwangi at the farthest end in East Java, estimated to be completed by the end of 2019.
The president is optimistic that the toll road would boost the mobility of people and would make the distribution of logistical goods smoother, quicker, and cheaper.
Public Works Minister Basoeki Hadimoeljono stated that several sections of the Trans-Java toll road will become operational by the end of this year.
"Work on the 43-km Bejagan-Pemalang section is 100 percent complete and is ready for operations in July. On the other hand, the 33-km Pemalang-Batang section is 72 percent complete and will be ready for inauguration in November," he remarked while referring to the toll road sections in Central Java.
He stated that work on the 74-km Batang-Semarang section was 78 percent complete and will be ready for operations in November, while the 33-km Salatiga-Kartosuro section is 70 percent complete.
"Work on the Wilangan-Kertosono section is 70 percent complete and will become operational in December, while the Porong-Gempol section in East Java will be ready for operations in September," he stated.
President Jokowi has intensified infrastructure development across the country to make it at par with other nations in an effort to improve connectivity and boost development.
Editor: Andi Abdussalam
COPYRIGHT © ANTARA 2018
Jumat, 22 Juni 2018 22:18 WIB - 1 Views
Reporter: Indra Setiawan
President Joko Widodo inaugurates Gempol-Pasuruan toll road, Secion II Pasuruan toll gate East Java. (ANTARA Photo/Umarul Faruq)
Pasuruan (ANTARA News) - President Joko Widodo (Jokowi) dedicated a new toll road section stretching 20.5 kilometers (km) between Rembang and Pasuruan in East Java to ease the movement of goods and people in the region here on Friday.
"In the name of Allah, I officially open the 20.5-km Gempol-Pasuruan toll road section," he stated at the ceremony.
President Jokowi said he had inspected the completed toll road development projects, and the public works minister had claimed that several other sections of the Trans-Java toll road would be ready in July, September, October, and November.
The toll road between Merak in West Java and Pasuruan is expected to become fully operational by the end of this year and will be followed by the development of the section until Banyuwangi at the farthest end in East Java, estimated to be completed by the end of 2019.
The president is optimistic that the toll road would boost the mobility of people and would make the distribution of logistical goods smoother, quicker, and cheaper.
Public Works Minister Basoeki Hadimoeljono stated that several sections of the Trans-Java toll road will become operational by the end of this year.
"Work on the 43-km Bejagan-Pemalang section is 100 percent complete and is ready for operations in July. On the other hand, the 33-km Pemalang-Batang section is 72 percent complete and will be ready for inauguration in November," he remarked while referring to the toll road sections in Central Java.
He stated that work on the 74-km Batang-Semarang section was 78 percent complete and will be ready for operations in November, while the 33-km Salatiga-Kartosuro section is 70 percent complete.
"Work on the Wilangan-Kertosono section is 70 percent complete and will become operational in December, while the Porong-Gempol section in East Java will be ready for operations in September," he stated.
President Jokowi has intensified infrastructure development across the country to make it at par with other nations in an effort to improve connectivity and boost development.
Editor: Andi Abdussalam
COPYRIGHT © ANTARA 2018
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Indonesia's growing thirst for coffee drains premium bean supplies
Widya Pratama, the owner of Kopi Aroma, roasts locally grown coffee beans with a traditional wood heated roaster in Bandung, West Java, Indonesia, May 4, 2018. Picture taken May 4, 2018. (Reuters/Willy Kurniawan )
For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. Most locals, however, preferred tea.
But now, as younger generations switch to coffee and hundreds of independent coffee shops and roasters pop up across the archipelago, Indonesia's consumption of beans is rising. That's left less coffee for export and forced up prices for foreign buyers.
A small harvest in Sumatra has eaten further into tightening supplies of that region's unique arabica beans, which are sought for the heavy, earthy notes they give to roasted blends.
Sumatran beans are a key component in Starbucks Corp's Christmas Blend, which has been sold for more than 30 years.
Sumatra's lower production caused some exporters to delay and even default on deliveries, sources at importing companies said, forcing some U.S. importers to pay more to secure supplies.
Inventories in the United States have dwindled, with many importers saying they have enough to meet contracts with roasters but nothing left for the spot market.
Major roasters Starbucks and Keurig Green Mountain Inc are the biggest buyers of Sumatran arabicas, importers say, and smaller companies appeared to be facing the biggest challenges sourcing those beans.
A Starbucks spokeswoman said the company has not been impacted by the region's tight supplies this year. Keurig did not respond to requests for comment.
JAVA SALES RISE IN JAVA
Coffee consumption in Indonesia has nearly doubled in the past 10 years, as many young Indonesians were influenced by coffee habits in countries such as Australia and the United States where a lot of them went to study.
"We're seeing very strong coffee expansion in many markets but Indonesia is very much a market where demand is growing heavily," said Michael Schaefer, global lead of Food and Beverage at Euromonitor International.
While major producing countries such as Brazil, Vietnam, Colombia and Indonesia have historically exported their best coffee, rising interest in premium beans from local coffee shops is changing this, Schaefer said.
Many new roasters are offering farmers significantly higher prices for their arabica beans, said Pranoto Soenarto, vice president of the Association of Indonesia Coffee Exporters and Industries.
"Farmers are wooed," Soenarto said. "They will keep their beans for these micro-roasters, who only buy in small amounts."
Irvan Helmi, co-founder of local roaster and cafe Anomali in Jakarta, said local buyers' close proximity to farmers enabled them to pay higher prices while selling directly to consumers at better profit margins.
Wildan Mustofa, an arabica coffee farmer with a mill in Pangalengan, West Java, said his domestic sales are rising fast.
"The local purchases grow by almost 100 percent every year," said Mustofa, while helping workers spread out coffee cherries to be dried under the sun.
OUTPUT, EXPORTS DOWN
Compounding the shortage of beans for overseas buyers is a fall in output.
Indonesia's annual coffee bean output has fallen by around 8 percent over the past five years, Indonesian Agriculture Ministry data shows. Farmers say unpredictable weather, poor crop maintenance and switching to other crops is responsible for lower yields.
Exports from the world's fourth largest-coffee growing nation have dropped by around 20 percent over the past five years, according to data from the U.S. Department of Agriculture (USDA).
The country's tight supplies are already reflected in first-quarter 2018 shipping data, with coffee exports down 26 percent from the same period in 2017, Indonesia's Statistics Agency data show.
SOUGHT-AFTER SUMATRAN ARABICAS
In Sumatra, a large and mountainous island west of the capital Jakarta, limited availability of arabica coffee sent prices to a record high in April.
Arabica is a higher quality bean that is typically roasted and brewed. Its cousin robusta, known for its more bitter taste, is processed into instant coffee or used as a lower cost component in roasted blends. Robusta makes up nearly 90 percent of Indonesia's coffee harvest.
The arabica grown in Sumatra is unique, in part due to the unusual bean drying process employed there. While farmers in other countries have tried to replicate it, importers said results are unreliable and only on a small scale.
"Competition to buy coffee from producers has been pretty fierce," said Robert Babington Smith, a senior trader for California-based importer InterContinental Coffee Trading Inc.
Prices of unprocessed or partially dried Sumatran arabicas purchased at farms rose to a record $5.90/kg in April, while arabica beans already in U.S. warehouses fetched premiums of$2.20/lb or more over the global benchmark price, nearly double last year's price, Babington Smith said.
Babington Smith said one his suppliers defaulted on a planned delivery due to that exporter’s lack of funds to purchase the increasingly expensive coffee.
Another importer said five of his containers were defaulted on after his company refused to pay more than the contracted price.
"We get calls every day from roasters asking if we have any Sumatrans, spot or on the water," the importer said.
http://www.thejakartapost.com/news/...-for-coffee-drains-premium-bean-supplies.html
- Fransiska Nangoy and Marcy Nicholson
Reuters
For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. Most locals, however, preferred tea.
But now, as younger generations switch to coffee and hundreds of independent coffee shops and roasters pop up across the archipelago, Indonesia's consumption of beans is rising. That's left less coffee for export and forced up prices for foreign buyers.
A small harvest in Sumatra has eaten further into tightening supplies of that region's unique arabica beans, which are sought for the heavy, earthy notes they give to roasted blends.
Sumatran beans are a key component in Starbucks Corp's Christmas Blend, which has been sold for more than 30 years.
Sumatra's lower production caused some exporters to delay and even default on deliveries, sources at importing companies said, forcing some U.S. importers to pay more to secure supplies.
Inventories in the United States have dwindled, with many importers saying they have enough to meet contracts with roasters but nothing left for the spot market.
Major roasters Starbucks and Keurig Green Mountain Inc are the biggest buyers of Sumatran arabicas, importers say, and smaller companies appeared to be facing the biggest challenges sourcing those beans.
A Starbucks spokeswoman said the company has not been impacted by the region's tight supplies this year. Keurig did not respond to requests for comment.
JAVA SALES RISE IN JAVA
Coffee consumption in Indonesia has nearly doubled in the past 10 years, as many young Indonesians were influenced by coffee habits in countries such as Australia and the United States where a lot of them went to study.
"We're seeing very strong coffee expansion in many markets but Indonesia is very much a market where demand is growing heavily," said Michael Schaefer, global lead of Food and Beverage at Euromonitor International.
While major producing countries such as Brazil, Vietnam, Colombia and Indonesia have historically exported their best coffee, rising interest in premium beans from local coffee shops is changing this, Schaefer said.
Many new roasters are offering farmers significantly higher prices for their arabica beans, said Pranoto Soenarto, vice president of the Association of Indonesia Coffee Exporters and Industries.
"Farmers are wooed," Soenarto said. "They will keep their beans for these micro-roasters, who only buy in small amounts."
Irvan Helmi, co-founder of local roaster and cafe Anomali in Jakarta, said local buyers' close proximity to farmers enabled them to pay higher prices while selling directly to consumers at better profit margins.
Wildan Mustofa, an arabica coffee farmer with a mill in Pangalengan, West Java, said his domestic sales are rising fast.
"The local purchases grow by almost 100 percent every year," said Mustofa, while helping workers spread out coffee cherries to be dried under the sun.
OUTPUT, EXPORTS DOWN
Compounding the shortage of beans for overseas buyers is a fall in output.
Indonesia's annual coffee bean output has fallen by around 8 percent over the past five years, Indonesian Agriculture Ministry data shows. Farmers say unpredictable weather, poor crop maintenance and switching to other crops is responsible for lower yields.
Exports from the world's fourth largest-coffee growing nation have dropped by around 20 percent over the past five years, according to data from the U.S. Department of Agriculture (USDA).
The country's tight supplies are already reflected in first-quarter 2018 shipping data, with coffee exports down 26 percent from the same period in 2017, Indonesia's Statistics Agency data show.
SOUGHT-AFTER SUMATRAN ARABICAS
In Sumatra, a large and mountainous island west of the capital Jakarta, limited availability of arabica coffee sent prices to a record high in April.
Arabica is a higher quality bean that is typically roasted and brewed. Its cousin robusta, known for its more bitter taste, is processed into instant coffee or used as a lower cost component in roasted blends. Robusta makes up nearly 90 percent of Indonesia's coffee harvest.
The arabica grown in Sumatra is unique, in part due to the unusual bean drying process employed there. While farmers in other countries have tried to replicate it, importers said results are unreliable and only on a small scale.
"Competition to buy coffee from producers has been pretty fierce," said Robert Babington Smith, a senior trader for California-based importer InterContinental Coffee Trading Inc.
Prices of unprocessed or partially dried Sumatran arabicas purchased at farms rose to a record $5.90/kg in April, while arabica beans already in U.S. warehouses fetched premiums of$2.20/lb or more over the global benchmark price, nearly double last year's price, Babington Smith said.
Babington Smith said one his suppliers defaulted on a planned delivery due to that exporter’s lack of funds to purchase the increasingly expensive coffee.
Another importer said five of his containers were defaulted on after his company refused to pay more than the contracted price.
"We get calls every day from roasters asking if we have any Sumatrans, spot or on the water," the importer said.
http://www.thejakartapost.com/news/...-for-coffee-drains-premium-bean-supplies.html
pr1v4t33r
SENIOR MEMBER
- Joined
- Nov 20, 2014
- Messages
- 5,042
- Reaction score
- 5
- Country
- Location
EU lifts ban on all Indonesian airlines
Indonesia has been given an Idul Fitri gift as the European Union ban on Indonesian airlines was lifted a day before the festivities.
The EU's executive body, the European Commission, cleared all Indonesian carriers from the EU Air Safety List, which prohibits a number of airlines from operating within EU member states.
"Following today's update, all airlines certified in Indonesia are cleared from the list; following further improvements to the aviation safety situation that was ascertained in the country," said the EU press release received by The Jakarta Post on Thursday.
The ban was revoked after a positive assessment of Indonesia's flight safety by the International Civil Aviation Organization in October last year and the EU aviation audit agency in March this year, according to a press statement by the Foreign Ministry also on Thursday.
"[It is] the most beautiful gift for Indonesia this Idul Fitri," said Foreign Minister Retno LP Marsudi on her official Instagram @retno_marsudi. "The long fight eventually delivered a satisfying result."
http://www.thejakartapost.com/news/2018/06/15/eu-lifts-ban-on-all-indonesian-airlines.html
Indonesia has been given an Idul Fitri gift as the European Union ban on Indonesian airlines was lifted a day before the festivities.
The EU's executive body, the European Commission, cleared all Indonesian carriers from the EU Air Safety List, which prohibits a number of airlines from operating within EU member states.
"Following today's update, all airlines certified in Indonesia are cleared from the list; following further improvements to the aviation safety situation that was ascertained in the country," said the EU press release received by The Jakarta Post on Thursday.
The ban was revoked after a positive assessment of Indonesia's flight safety by the International Civil Aviation Organization in October last year and the EU aviation audit agency in March this year, according to a press statement by the Foreign Ministry also on Thursday.
"[It is] the most beautiful gift for Indonesia this Idul Fitri," said Foreign Minister Retno LP Marsudi on her official Instagram @retno_marsudi. "The long fight eventually delivered a satisfying result."
http://www.thejakartapost.com/news/2018/06/15/eu-lifts-ban-on-all-indonesian-airlines.html
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Jokowi optimistic Trans Java toll road fully completed in 2019
Sabtu, 23 Juni 2018 11:09 WIB - 0 Views
Reporter: antara
President Joko Widodo when inaugurating the Gempol-Pasuruan Toll Road II at Pasuruan gate, East Java, Friday (22/06/2018). (ANTARA PHOTO/Umarul Faruq)
Pasuruan, E. Java (ANTARA News) - President Joko Widodo (Jokowi) said he was optimistic the 1,167 kilometer Trans Java toll road extending between Merak in the western end of Java and Banyuwangi in the eastern coast of Java would be fully completed by the end of 2019.
"The toll road will increase the mobility of people, facilitate distribution of goods and the logistic cost would be cheaper," Jokowi said after officially commissioning the Gempol-Pasuruan toll road project on Friday.
The 20.5 kilometer Gempol-Pasuruan toll road is part of the Trans Java toll road project in East Java.
The president said construction of toll road projects, which are crucial for goods and service distribution, has been completed one by one.
The government has given high priority to infrastructure development mainly in the transport sector in its economic development program.
Massive infrastructure projects including toll roads, railways , ports and airports have been built or under construction all over the country.
The president was accompanied by Public Work and Housing Minister Basuki Hadimuljono, East Java Governor Soekarwo, Head of the Toll Road Regulator (BPJT) Hery Trisaputra Zuna, and Chief Executive of state-owned toll road developer PT Jasa Marga Desi Arryani when commissioning the Gempol-Pasuruan section of the Trans Java toll road project.
The section was built by PT Transmarga Jatim Pasuruan (TJP) a subsidiary of PT Jasamarga Gempol Pasuruan (JGP).
It was built at a total cost of Rp4.03 trillion including Rp2.82 trillion in loan from a bank syndicate.
(T.SYS/B/H-ASG/C/F001)
Editor: Heru Purwanto
COPYRIGHT © ANTARA 2018
Sabtu, 23 Juni 2018 11:09 WIB - 0 Views
Reporter: antara
President Joko Widodo when inaugurating the Gempol-Pasuruan Toll Road II at Pasuruan gate, East Java, Friday (22/06/2018). (ANTARA PHOTO/Umarul Faruq)
Pasuruan, E. Java (ANTARA News) - President Joko Widodo (Jokowi) said he was optimistic the 1,167 kilometer Trans Java toll road extending between Merak in the western end of Java and Banyuwangi in the eastern coast of Java would be fully completed by the end of 2019.
"The toll road will increase the mobility of people, facilitate distribution of goods and the logistic cost would be cheaper," Jokowi said after officially commissioning the Gempol-Pasuruan toll road project on Friday.
The 20.5 kilometer Gempol-Pasuruan toll road is part of the Trans Java toll road project in East Java.
The president said construction of toll road projects, which are crucial for goods and service distribution, has been completed one by one.
The government has given high priority to infrastructure development mainly in the transport sector in its economic development program.
Massive infrastructure projects including toll roads, railways , ports and airports have been built or under construction all over the country.
The president was accompanied by Public Work and Housing Minister Basuki Hadimuljono, East Java Governor Soekarwo, Head of the Toll Road Regulator (BPJT) Hery Trisaputra Zuna, and Chief Executive of state-owned toll road developer PT Jasa Marga Desi Arryani when commissioning the Gempol-Pasuruan section of the Trans Java toll road project.
The section was built by PT Transmarga Jatim Pasuruan (TJP) a subsidiary of PT Jasamarga Gempol Pasuruan (JGP).
It was built at a total cost of Rp4.03 trillion including Rp2.82 trillion in loan from a bank syndicate.
(T.SYS/B/H-ASG/C/F001)
Editor: Heru Purwanto
COPYRIGHT © ANTARA 2018
Logam42
FULL MEMBER
- Joined
- Jan 27, 2018
- Messages
- 281
- Reaction score
- 3
- Country
- Location
We really need to get the Papuan coffee plantations into gear. Right now importers are desperate, and the opening of new ports & construction of roads are making logistic costs of shipping from Eastern Indonesia instead of Western Indonesia more worth it.
Plus, Papua really needs to diversify it's economy, and decrease rural poverty. Their urban poverty is actually already equivalent to Indonesia's national average give or take 2% or so. Either way, increasing domestic consumption means better insulation from global shocks, so it's not all bad news.
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Opening new coffee plantation in Papua should be done by large companies by empowering and hiring local manpower.
Well just knowing we had large scientiest, technician and engineer pool recently. Should be triple for the next decade
Logam42
FULL MEMBER
- Joined
- Jan 27, 2018
- Messages
- 281
- Reaction score
- 3
- Country
- Location
I agree, either large company or government regulated cooperative. By all metrics plantations such as palm, tea, and coffee all give better improvement to local communities than mining, so the situation will be much better than Freeport's Tembagapura.
Then we also need to make sure there is enough government investment in research & development to make sure they get work in their field. It'll be a waste if an engineer ends up working in a bank and a mathematician becomes an SMP economics teacher. :V
Also... em, why did you change your name & avatar?! I don't like change
________________________________
NEWSDESK
Indonesia: Investment-led Growth Continues
June 6, 2018
By MD Staff
An investment-led economic expansion has kept Indonesia’s economy growing at a solid pace, reaching 5.1 percent in the first quarter of 2018, according to the World Bank’s June 2018 Indonesia Economic Quarterly released here today.
High global commodity prices have spurred higher investment, especially in machine, equipment and vehicles, leading to the fastest growth in gross fixed capital formation in more than five years. The outlook for Indonesia’s economy continues to be positive for the rest of the year with GDP growth projected to reach 5.2 percent in 2018 on stronger domestic demand. Risks to this outlook include continued volatility in global financial markets and disruptions to international trade.
“Indonesia’s sound macroeconomic fundamentals continue to provide a solid buffer against rising global volatility. Sound economic management has kept inflation in check and debt levels at about only half of the legal threshold,” said Rodrigo A. Chaves, World Bank Country Director for Indonesia and Timor-Leste. “Looking forward, however, Indonesia’s progress will depend on crucial structural policies such as those seeking to provide the population with the right skills for the future.”
This latest edition of the Indonesia Economic Quarterly takes a closer look at 15 years of education reforms and assesses their impact in improving education outcomes and human capital in Indonesia, and the challenges that remain. While schooling attainment has grown significantly, student learning remains below the levels of other countries in the region, compromising Indonesia’s competitiveness in the global economy, according to the report.
“More educational reforms are needed urgently to significantly enhance the quality of learning by all students. With a large number of teachers retiring in the next decade, there will be a crucial opportunity to upgrade Indonesia’s teaching force,” said Frederico Gil Sander, Lead Economist for the World Bank in Indonesia. “Only with sustained efforts to improve the quality of learning outcomes, graduates of secondary and tertiary education will have the necessary skills to find jobs in a changing labor market.”
Key recommendations for further education reforms include: defining and enforcing teacher qualifications; complementing existing education financing mechanisms with a targeted, performance-based transfer for lagging schools and districts; and launching a national campaign to generate public pressure to improve student learning.
The launch of the June 2018 Indonesia Economic Quarterly is part of Voyage to Indonesia, a series of activities leading up to the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group in Bali on October 12 to 14, 2018. The Australian Department of Foreign Affairs and Trade supports the publication of this report.
_______________________________
A/N: (Emphasis mine) The World Bank recommendation basically states "Indonesia's last long-term hurdle is improvement of education and making sure skill shortages and skill-mismatches are properly addressed.
trishna_amṛta
FULL MEMBER
- Joined
- Jun 4, 2018
- Messages
- 612
- Reaction score
- 0
- Country
- Location
That would be extremely "challenging" proposition
Knowing well the state of Indonesia education system output for the last 20 years I won't be reading too much (overly optimistic) about those figures.
Mr. Woof Woof
FULL MEMBER
- Joined
- Jan 21, 2018
- Messages
- 250
- Reaction score
- 0
- Country
- Location
Yup, maximum only half of them are qualified and only a quarter of them are really really qualified and smart.That would be extremely "challenging" proposition
Knowing well the state of Indonesia education system output for the last 20 years I won't be reading too much (overly optimistic) about those figures.
Nike
ELITE MEMBER
- Joined
- Mar 28, 2013
- Messages
- 13,867
- Reaction score
- 24
- Country
- Location
Taiwan explores cooperation in health with Indonesia
Minggu, 24 Juni 2018 11:14 WIB - 0 Views
Reporter: antara
Logo LKBN ANTARA
Jakarta (ANTARA News) - With its New Southbound Policy, the government of Taiwan is exploring technical cooperation in health with Indonesia, according to Taipei Economic and Trade Office (TETO) Chief John Chen.
In general, there are many areas that can be developed for cooperation with Indonesia, but the most important is how Taiwan also wants to share experiences on national issues, Chen remarked on an occasion in Jakarta recently.
Seeing Indonesia`s big population of more than 250 million, he said Taiwan is optimistic to provide assistance to Indonesia and become a right partner to overcome health problem in this country.
Chen noted that Taiwan is a country with the best health related technology in the world.
In addition, Indonesia is a country with an emerging economy, so health issues are also a concern as the economy increases.
According to Chen, economic improvements are also in tandem with rising risks faced with illness, therefore both countries can share experiences and work together in this area.
The TETO chief added that the two countries can cooperate in efforts to prevent endemic diseases, or training health care workers to national health insurance.
He said health cooperation between Taiwan and Indonesia has enormous potential, in which Taiwan`s political policy is considered to be in harmony with Indonesian policies that are realizing the ASEAN Healthy Community.
According to the constitution of the World Health Organization (WHO), health is the human right of every human being who basically sees no national borders, and does not distinguish race, religion, political beliefs or social economic conditions.
Referring to the guidelines, Taiwan continues to work on research and prevention of infectious diseases and epidemics.
Taiwan is an important part of the world in disease prevention, Chen said proudly.
Therefore, Taiwan has a great hope to be able to work with Indonesia and other ASEAN countries, through sharing experiences and contributing to the medical world.
Reporting by Roy Rosa Bachtiar
(O001/ )
(T.SYS/A/O001/O001)
Editor: Heru Purwanto
COPYRIGHT © ANTARA 2018
Minggu, 24 Juni 2018 11:14 WIB - 0 Views
Reporter: antara
Logo LKBN ANTARA
Jakarta (ANTARA News) - With its New Southbound Policy, the government of Taiwan is exploring technical cooperation in health with Indonesia, according to Taipei Economic and Trade Office (TETO) Chief John Chen.
In general, there are many areas that can be developed for cooperation with Indonesia, but the most important is how Taiwan also wants to share experiences on national issues, Chen remarked on an occasion in Jakarta recently.
Seeing Indonesia`s big population of more than 250 million, he said Taiwan is optimistic to provide assistance to Indonesia and become a right partner to overcome health problem in this country.
Chen noted that Taiwan is a country with the best health related technology in the world.
In addition, Indonesia is a country with an emerging economy, so health issues are also a concern as the economy increases.
According to Chen, economic improvements are also in tandem with rising risks faced with illness, therefore both countries can share experiences and work together in this area.
The TETO chief added that the two countries can cooperate in efforts to prevent endemic diseases, or training health care workers to national health insurance.
He said health cooperation between Taiwan and Indonesia has enormous potential, in which Taiwan`s political policy is considered to be in harmony with Indonesian policies that are realizing the ASEAN Healthy Community.
According to the constitution of the World Health Organization (WHO), health is the human right of every human being who basically sees no national borders, and does not distinguish race, religion, political beliefs or social economic conditions.
Referring to the guidelines, Taiwan continues to work on research and prevention of infectious diseases and epidemics.
Taiwan is an important part of the world in disease prevention, Chen said proudly.
Therefore, Taiwan has a great hope to be able to work with Indonesia and other ASEAN countries, through sharing experiences and contributing to the medical world.
Reporting by Roy Rosa Bachtiar
(O001/ )
(T.SYS/A/O001/O001)
Editor: Heru Purwanto
COPYRIGHT © ANTARA 2018
Similar threads
Latest posts
-
Imran Khan vs Pakistan: Protest of Treachery - Casualty Report- Latest: Pakistan Space Agency
-
-
-
Pakistan Affairs Latest Posts
-
Imran Khan vs Pakistan: Protest of Treachery - Casualty Report
- Latest: Pakistan Space Agency
-
-
-
-
Bajwa calls Bushra's allegations against Saudi Arabia 'baseless'
- Latest: Novus ordu seclorum
