Indonesia Economy Forum

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Capital influx, optimism shore up rupiah
Capital inflows are lending support to the rupiah and stoking confidence in the currency as Indonesia’s economy is pulsating again. The Indonesian Stock Exchange (IDX) reported on Friday that total net buys in the stock market reached Rp 1.53 trillion (US$114.06 million) since the beginning of this year.

In the secondary government bond (SBN) market, data from the Finance Ministry’s financing and risk management office (DJPPR) show that ownership by non-residents — including foreign governments and central banks — have remained solid as well. Non-residents held Rp 592.12 trillion-worth of debt papers as of Feb. 24, accounting for 39 percent of the total.

The inflows have helped the rupiah strengthen against the greenback. The currency closed at 13,389 per US dollar on Friday, appreciating by 0.9 percent within a week. Since the end of last year, the rupiah has strengthened by 3 percent, making it one of the best-performing currencies in Asian emerging markets.

readmore: Capital influx, optimism shore up rupiah | The Jakarta Post

 

[katarabhumi]

Pertamina adds 10 ships next year

8 ships are build locally in Indonesia, and 2 are build in China.

TRIBUNNEWS.COM, LAMONGAN - PT Pertamina (Persero) bakal menambah armada kapal angkut minyak mentah di 2017. Perseroan menargetkan 10 kapal baru siap beroperasi tahun depan.

"Sekarang punya 66 kapal jadi tahun depan sudah 76 unit," ujar New Ship project coordinator Pertamina, I Ketut Sudana di galangan kapal PT Daya Radar Utama di Lamongan, Jawa timur Sabtu (27/2/2016).
Ketut menjelaskan dari total 10 kapal tersebut, 2 kapal di produksi di China, sedangkan 8 lainnya diproduksi di Indonesia.

2 Unit di kerjakan PT. Anggrek Hitam Shipyard Batam, 3 dikerjakan PT. Daya Radar Utama di Lamongan, dan 3 lainnya dikerjakan oleh PT Multi Ocean Shipyard di Karimun.

"Yang ada di galangan kapal PT Daya Radar Utama Lamongan kita lagi buat tiga," jelas Ketut.
Tiga kapal yang sedang dibangun PT Daya Radar Utama punya kapasitas sebesar 17,5 Ribu LTDW. Ketiga kapal tersebut natinya akan digunakan untuk mengangkut crude oil (minyak mentah) dengan muatan masing masing sebesar 23 ribu meter kibik minyak mentah.

"Kapal yang di bangun tersebut nantinya akan berstandar internasional dan mengikuti keamanan lingkungan jadi statusnya General Purpose," papar Ketut.

Pertamina Tambah 10 Kapal Tahun Depan - Tribunnews.com

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Pertamina helps improving nation's shipyard capability

Challenging local shipyard to build good quality ships with bigger tonnage and with more local content.

TRIBUNNEWS.COM, JAKARTA - PT Pertamina (Persero) berkomitmen tinggi untuk memberdayakan industri galangan kapal nasional berikut pendukungnya melalui pemesanan kapal tanker dari galangan dalam negeri.

Saat ini, Pertamina bersama para mitra dalam negerinya dalam proses penuntasan 8 proyek kapal tanker tipe GP dengan bobot mati 17.500 DWT. Proyek bernilai total sekitar 200 juta dolar AS tersebut ditargetkan tuntas pada tahun ini.

Kedelapan proyek tersebut meliputi MT Parigi dan MT Pattimura oleh PT Angrek Hitam Shipyard, MT Panderman, MT Papandayan, dan MT Putri oleh PT Daya Radar Utama, serta MT Pasaman, MT Panjang, dan MT Pangrango oleh PT Multi Ocean Shipyard.

"Pertamina selalu memberikan tantangan kepada industri dalam negeri baik dalam hal besaran kapal maupun standard kapal. Galangan kapal nasional harus bisa membangun kapal berstandar Internasional yang dapat diterima berlayar ke negara manapun di dunia. Kapal tanker Pertamina juga dituntut untuk ramah lingkungan dan tingkat safety tinggi dan taat terhadap ketentuan-ketentuan Internasional lainnya," kata Vice President Corporate Communication Pertamina Wianda Pusponegoro, Sabtu (27/2/2016).

Saat ini, kapal milik terbesar yang diproduksi galangan kapal nasional berukuran 30.000 DWT, yaitu MT Fastron yang dibangun oleh PT PAL. Kapal dengan ukuran sebesar itu dipercayakan pembangunannya setelah sukses membangun kapal sekelas di bawahnya.

"Seperti Daya Radar Utama, setelah sukses membangun MT Musi berbobot 3.500 DWT dengan panjang kapal 90 meter, terbesar yang pernah mereka buat saat itu, kami berikan lagi mereka tantangan membuat tiga kapal 17.500 DWT yang panjangnya 157 meter, lebar 28 meter dan tinggi 12 meter. Kami juga meminta DRU dan juga galangan kapal lain agar bisa membangun dengan kualitas yang sama dengan kapal produksi Korea Selatan. Dan terbukti berhasil sejauh ini."

Pertamina juga menantang industri pendukung galangan kapal untuk lebih bisa berkembang sehingga kandungan lokal kapal dapat terus ditingkatkan. Saat ini, kandungan lokal untuk kapal-kapal tanker buatan dalam negeri umumnya sekitar 30-35 persen.

Business Development Director Daya Radar Utama Steven Angga Prana mengakui besarnya peran Pertamina untuk membangun kapasitas dan kemampuan galangan kapal dalam negeri. Kesuksesan membangun MT Musi pada 2012 memicu banyaknya order kapal-kapal besar dan modern kepada perusahaannya, termasuk KRI Bintuni milik TNI AL.

"Kami sangat mengapresiasi Pertamina yang berani memberikan order kepada galangan nasional. Semula kami hanya memproduksi kapal-kapal konvensional dan tidak hightech, dengan supervisi Pertamina yang telah berpengalaman membangun kapal di luar negeri, sekarang kami mampu dengan proses modern dan alat otomatis. Tanpa order Pertamina, galangan kapal mungkin tidur semua dan tidak ada transfer teknologi," kata Steven.

Steven mengatakan untuk menyelesaikan kapal berukuran 17.500 DWT umumnya memerlukan waktu 24 bulan. Dengan tiga kapal yang diorder Pertamina, Daya Radar Utama mempekerjakan sekitar 1.500 orang tenaga kerja.

"Kami optimis dapat berkembang dan Daya Radar Utama yang memiliki luas lahan 40 ha dan garis pantai sekitar 600 meter ke depan akan mengembangkan galangan yang mampu membangun kapal tanker dengan kapasitas 100.000 DWT," ungkap Steven.

Pertamina Tingkatkan Kemampuan Galangan Kapal Nasional - Tribunnews.com

 

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SE Asia Stocks - Indonesia lead Feb gains
A return of fund flows to the region led to a rebound of stocks in Indonesia, bringing the Jakarta composite index 0.8 percent higher at a more than one-week high. It rallied 3.4 percent on the month, the region's best performer.

SE Asia Stocks-Thai stocks, Indonesia lead Feb gains| Reuters


Indonesia FDI growth

Comparison with other ASEAN peers

 

[Nike]

Korean firm to invest in energy sector in South Sumatra
Senin, 29 Februari 2016 16:38 WIB | 296 Views

Palembang, South Sumatera (ANTARA News) - A Korean company will invest Rp6.7 trillion in two energy sector projects in the Banyuasin special economic zone (KEK) in South Sumatra.

"The company will build a gas pipeline and steam power plant (PLTU)," Director of the Regional Mining and Energy Company A. Yaniarsyah stated here on Monday.

The 200-kilometer-long pipeline will stretch from the Jambi border to the Banyuasin KEK, while the PLTU, with a capacity of 2x115 megawatts, will be used to meet the energy demands of the region.

Yaniarsyah stated that such projects will be developed based on the agreement signed between the Korean and local companies.

The projects are aimed to boost the development of the KEK and to attract more investors.

South Sumatra Governor Alex Noerdin had earlier underscored the importance of building projects in the energy sector to develop the KEK.

Therefore, a regional company owned by the South Sumatra provincial government has intensified cooperation with its foreign counterparts to develop the energy sector projects.(*)

Korean firm to invest in energy sector in South Sumatra - ANTARA News

President urges use of domestic products to support national development
Senin, 29 Februari 2016 16:19 WIB | 270 Views

Jakarta (ANTARA News) - Indonesian President Joko Widodo (Jokowi) has urged the citizens to use local products to support the national development projects being implemented by the Ministry of Energy and Mineral Resources.

"Be very careful on this matter. I will monitor those who use imported goods," the president noted in his remarks during the signing of the ministrys 2016 strategic activity contracts valued at Rp3.04 trillion, here, Monday.

President Jokowi affirmed that infrastructure development projects need to set a limit on their use of imported goods and seek to replace them with local products.

Moreover, the president also urged to employ more local workforce in all project sites to improve their livelihood.

The engagement of local contractors is also a necessity for all development projects spread across the country, Jokowi emphasized.

"I want to engage the local contractors to ensure that the money is circulated in the region and does not roll back to Jakarta. The money should remain in the regions to support the local economy," the president stated.

Jokowi also called on Energy and Mineral Resources Minister Sudirman Said and his officials to constantly monitor the progress of the signed development projects.

"The regional heads must also take a swift decision whenever trouble arises, settle it immediately, and should not excessively discuss it," President Jokowi remarked.

On the occasion, the ministrys strategic activities comprised the construction of gas pipelines for residential areas in South Sumatra and several power plants in eastern Indonesia.(*)President urges use of domestic products to support national development - ANTARA News

Ministry tasks Sucofindo with supervising electricity, gas projects
Senin, 29 Februari 2016 16:43 WIB | 357 Views

Jakarta (ANTARA News) - The Energy and Mineral Resources Ministry (ESDM) has established cooperation with state-owned PT Superintending Company of Indonesia (Sucofindo) to supervise power plant and gas distribution projects, according to Suconfindo President Director Bachder Djohan Buddin.

"We have signed a cooperation agreement on the supervision and evaluation of the development of electricity and gas distribution networks in an effort to accelerate the realization of efficient energy conversion programs," Buddin stated at the ESDM ministry building here on Monday.

As a state-owned firm operating in the superintending service sector, Sucofindo is tasked with supervising the development of several electricity generation projects in Indonesia such as hydropower plants as well as solar power and wind power projects in various regions in Sulawesi, Sumatra, Kalimantan, Papua, Maluku, North Maluku, and Nusa Tenggara.

Sucofindo is also assigned the role of supervising and evaluating the development of household gas distribution networks, gas distribution pipelines, and the development of gas refueling stations (SPBGs) in several regions.

With regard to the development of power plants, Sucofindo will conduct supervision and evaluation on the development of power plants in the countrys frontier regions, Buddin remarked.

"In Papua, we will supervise and evaluate the development of mini hydropower plants in the districts of Puncak, Pagunungan Bintang, and Supriori. This is a concrete support by state companies to provide electricity to consumers in remote areas," noted Buddin.

This year, Sucofindo will also supervise the development of power generators in 142 locations for wind power, solar power, and mini hydropower projects in North Maluku, Maluku, East Nusa Tenggara, West Nusa Tenggara, Sulawesi, Kalimantan, and Sumatra.

On the fuel-to-gas conversion program, the ESDM ministry has entrusted Sucofindo with the task of supervising the construction of household gas distribution networks, gas distribution pipeline projects, and the construction of SPBGs.

In 2016, Sucofindo will supervise the installation of household gas distribution networks in Balikpapan (Kalimantan), the construction of gas distribution pipelines in the Jabotabek (Jakarta, Bogor, Tangerang, and Bekasi) regions, and the construction of SPBG projects in Prabumulih (South Sumatra) and Bekasi (West Java).

In the energy sector, Buddin stated that Sucofindo had the experience in assessing the reliability of assets and installations. Sucofindo, which was established in 1956, owns an internationally recognized oil and gas laboratory.

"As an independent and accredited laboratory, we have the latest technology for conducting geothermal and environment tests," he added.(*)

Ministry tasks Sucofindo with supervising electricity, gas projects - ANTARA News

 

[Nike]

Ilustrasi. Pembangunan Infrastruktur Perbatasan. Sejumlah pekerja menggarap proyek pelebaran jalan akses perbatasan negara di kawasan Entikong, Sanggau, Kalimantan Barat, Kamis (3/12). Pemerintah mengerjakan berbagai proyek pembangunan infrastruktur di antaranya pelebaran jalan akses, dan pembangunan jalan pararel serta perbaikan fisik Pos Lintas Batas Negara (PLBN) Entikong guna mempelancar arus transportasi dan fungsi teknis lain sehingga dalam beberapa tahun ke depan akan memiliki infrastruktur kawasan perbatasan yang lebih baik dari Malaysia. (ANTARA FOTO/Ismar Patrizki)

Proyek LRT PalembangAktivitas pembangunan Light Rail Transit (LRT) atau kereta api ringan di zona Jalan Kolonel Haji Burlian Palembang, Sumsel, Senin (29/2). Transportasi massal sepanjang 24 km sebagai salah satu penunjang Asian Games 2018 ini diperkirakan mampu mengangkut 600 penumpang dalam sekali jalan. (ANTARA FOTO/ Feny Selly)

Proyek LRT PalembangAktivitas pembangunan Light Rail Transit (LRT) atau kereta api ringan di zona Jalan Kolonel Haji Burlian Palembang, Sumsel, Senin (29/2). Transportasi massal sepanjang 24 km sebagai salah satu penunjang Asian Games 2018 ini diperkirakan mampu mengangkut 600 penumpang dalam sekali jalan. (ANTARA FOTO/ Feny Selly)

 

[pr1v4t33r]

'Bright Indonesia' Program to Light Up Eastern Indonesia by 2019

The Ministry of Energy and Mineral Resources launched a program called "Indonesia Terang," or "Bright Indonesia," on Sunday (28/02) aimed at increasing the electrification rate in the eastern part of the archipelago over the next few years. With the program, Indonesia aims to boost its electrification rate to 97 percent of the country's total population by 2019, up from 85 percent last year. This will involve the building of new power-generating plants with a total capacity of 35,000 megawatts.

Indonesia di malam hari...

The program is expected to light up underdeveloped villages in Indonesia's eastern provinces, such as Papua, West Papua, Maluku, North Maluku, East Nusa Tenggara and West Nusa Tenggara, where many people still live without access to electricity. "We will prioritize those six provinces as 67 percent of the villages [in those areas] still don't have access to electricity," Energy Minister Sudirman Said said at a press conference in Jakarta on Sunday.

Power plants in Indonesia's eastern provinces will rely on new and renewable sources of energy to generate the power, with more than 300,000 megawatts accounted for throughout the archipelago. "Eastern Indonesia mostly consists of islands. Rather than installing cables from one island to another, we can use local sources such as renewable energy," the minister said.

About Rp 40 trillion ($3 billion) is needed for the program, with the bulk coming from the state budget, investors and donor countries. William Sabandar, leader of the energy ministry's new renewable energy acceleration team, said the state budget may cover roughly Rp 16 trillion of the total budget by 2019.

readmore: 'Bright Indonesia' Program to Light Up Eastern Indonesia by 2019 | Jakarta Globe

 

[Indos]

Almost ready for first stage

New Port Tanjung Priok, Jakarta

 

[MarveL]

Merah Putih Bridge - Ambon

 

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Surabaya North Quay Passenger Terminal

 

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Booklet kereta cepat Jakarta-Bandung (40 halaman)
Kereta Cepat Indonesia China Booklet.pdf - Google Drive

All question that surfaced about Jakarta-Bandung hi speed rail project are answered really well in this booklet.

 

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Ports and policy in Indonesia: A maritime superpower in the making?
Indonesia's president has ambitious plans to overhaul the country's backward infrastructure. He had better work fast

Total Solar Eclipse Indonesia 2016
The best places to witness total solar eclipse, on 9th March 2016. Hapening once in every 375 years.Be the witness!

 

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Indonesian rupiah in longest rally since 2010 as equities and bonds advance

Indonesia's rupiah rose for a 10th day in its longest winning streak since 2010 amid speculation the central bank won't cut interest rates too aggressively. The currency strengthened 0.6 per cent to 13,278 a US dollar as of 12:19 pm in Jakarta, according to prices from local banks, and rose to the highest level since Oct 15 earlier.

It's rallied 1.8 per cent since Feb 17. The Jakarta Composite Index climbed one per cent, gaining for a sixth day, as developing-nation assets rose Wednesday after US manufacturing data beat estimates and on speculation previous losses were overdone.

Indonesian debt is "one of our stronger calls going forward" because it has the highest yield in Asia, said Jens Nystedt, the New York-based portfolio manager of emerging-market debt at Morgan Stanley Investment Management.

readmore: Indonesian rupiah in longest rally since 2010 as equities and bonds advance, Banking & Finance - THE BUSINESS TIMES

 

[Nike]

Indonesia launches Palapa optic fiber network project
Senin, 29 Februari 2016 23:05 WIB | 1.033 Views

Jakarta (ANTARA News) - The Indonesian government has launched the Rp1.28 trillion Palapa Western Ring Package optic fiber network service project by signing a cooperation agreement with PT Palapa Ring Barat (Moratel-Ketrosden Triamitra consortium).
The agreement was signed at the Finance Ministry building in a ceremony witnessed by Finance Minister Bambang Brodjonegoro on Monday. The government was represented by Communications and Informatics Minister Rudiantara in his capacity as the Person in Charge of the Cooperation Project (PJPK).
"With this project, we want to narrow the infrastructure gap between regions in and outside Java," Rudiantara noted after the signing of the agreement.
The Palapa Ring projects constitute the backbone of the national optic fiber to be built in regions that will link all districts/municipal cities in Indonesia. The optic fiber network was part of the efforts to increase access to information and provide more opportunities to the people for further prosperity. This could be in the form of facilitating e-commerce facilities.
Of the three Palapa optic fiber ring projects, the first is the West Package which will link areas in the provinces of Raiu, Riau Islands and Natuna Island with 2,000 kilometers long total optic fiber cable.
The second is the Middle Package which will cover Kalimantan, Sulawesi and North Maluku, with an optic fiber cable length of 2,700 kilometers. The third, called the East Package, will cover East Nusa Tenggara (NTT), Maluku, West Papua and Papua with a total optic fiber cable length of 6,300 kilometers.
Rudiantaras target is to begin the construction of Palapa West and Middle Ring projects in 2016 and have then these operational by January 2019.
"For the East Package, the government will again float its tender, hoping that the winner will be announced by the third quarter of 2016," the minister said.
The Palapa optic fiber ring program is the first government-company cooperation project (KPBU) in the telecommunications sector with an availability payment (AP) scheme. They payment will be made periodically during the concession period, based on the availability of infrastructure put in place by the company.
The AP funds will come from the universal service obligation (USO) contribution.
"With this system in place, the project will not depend on the state budget from which the scope of fund allocation for infrastructure development is limited," Finance Minister Bambang Brodjonegoro, said.
The West Package project has a NPV AP fund of Rp1.71 trillion which will be paid periodically during the 15 years concession period. The government guarantees the continuity of this payment through PT PII infrastructure guarantor company.(*)

Indonesia launches Palapa optic fiber network project - ANTARA News

Korean firm to invest in energy sector in South Sumatra
Senin, 29 Februari 2016 16:38 WIB | 586 Views

Palembang, South Sumatera (ANTARA News) - A Korean company will invest Rp6.7 trillion in two energy sector projects in the Banyuasin special economic zone (KEK) in South Sumatra.

"The company will build a gas pipeline and steam power plant (PLTU)," Director of the Regional Mining and Energy Company A. Yaniarsyah stated here on Monday.

The 200-kilometer-long pipeline will stretch from the Jambi border to the Banyuasin KEK, while the PLTU, with a capacity of 2x115 megawatts, will be used to meet the energy demands of the region.

Yaniarsyah stated that such projects will be developed based on the agreement signed between the Korean and local companies.

The projects are aimed to boost the development of the KEK and to attract more investors.

South Sumatra Governor Alex Noerdin had earlier underscored the importance of building projects in the energy sector to develop the KEK.

Therefore, a regional company owned by the South Sumatra provincial government has intensified cooperation with its foreign counterparts to develop the energy sector projects.(*)
Korean firm to invest in energy sector in South Sumatra - ANTARA News

 

[Nike]

Flyover for Busrapid transway is in progress in Jakarta Area

Jalan Layang Khusus TransJakartaBus TransJakarta melintas di dekat proyek pembangunan Jalan Layang khusus TransJakarta rute Ciledug-Blok M-Tendean di Kawasan Blok M, Jakarta, Selasa (1/3). Pembangunan jalan layang di delapan titik sepanjang 9,3 kilometer dengan anggaran Rp2,5 Triliun tersebut sebagai salah satu upaya mengurai kemacetan di ibu kota dengan mengoptimalkan moda transportasi umum. (ANTARA FOTO/Widodo S. Jusuf)

 

[pr1v4t33r]

Indonesia in graphics: Tiger, tiger, almost bright
read the full article here: http://www.economist.com/blogs/graphicdetail/2016/03/indonesia-graphics

Joko Widodo, best known as Jokowi, elected to Indonesia’s presidency in July 2014, has been vocal about wanting to return Indonesia to 7% growth—a rate unseen since before the Asian financial crises of the late 1990s.

Jokowi launched a massive infrastructure campaign designed to spur growth by driving down logistics costs and improving internal maritime connectivity, thus tying east Indonesia more closely to Javanese prosperity. By driving down the cost of moving goods into, out of and around Indonesia, Jokowi hopes to attract better jobs—advanced manufacturing and services, mainly—and so wean Indonesia’s economy off of its dependence on extractive industries such as mining and palm oil.

Such a shift is not without precedent: in the 1970s and 1980s, oil prices fell and Indonesia attracted investment in industries such as food processing and carmaking.