Japan supports Indonesia`s infrastructure development program

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Toyota ready to invest Rp5.4 trillion in Indonesia
Jumat, 19 Februari 2016 15:01 WIB | 744 Views

Jakarta (ANTARA News)- The Toyota Motor Corporation (TMC) group is ready to invest Rp5.4 trillion in Indonesia this year, according to Industry Minister Saleh Husin.

Husin received the pledge during a meeting with TMC Executive Vice President Seiichi Sudo in Nagoya, Japan, on Thursday.

"Toyota is serious about doing business in Indonesia. This year, it will invest Rp5.4 trillion, following the Rp5 trillion worth of investment that the company made in 2015," he noted in a press statement received here, Friday.

This reflects that global investors still trust Indonesias investment climate and see prospects in the nations automotive industry, he noted.

The minister has lauded Toyota for its trust and continued investment in Indonesia, after selecting the nation as one of its investment destinations and a Toyota car production base so far.

He called on Toyota and its partners in Japan to increase investment in the automotive sector, particularly for the manufacturing of materials and spare parts.

The minister also invited the company to conduct research and development activities in Indonesia to strengthen the structure of Japans existing automotive industry in Indonesia.

Husin also urged Toyota to increase the production of cars in Indonesia, which has a population of over 250 million, including 74 million belonging to the middle class.

The Toyota brand dominates around 31-32 percent of Indonesias domestic market.

Within five years, from 2015 to 2019, Toyota has planned to invest a total of Rp20 trillion.

Until 2014, Toyota had invested Rp40 trillion in Indonesia.

Currently, the Japanese company is constructing an engine plant in Karawang, West Java. (*)

Antara

 

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Toyota Opens Aluminium Engine Plant, 3 Year After Govt Take Control the Metal Supply

Toyota Motor Manufacturing Indonesia, a local unit of the Japanese automotive giant, has inaugurated its fifth factory in the country on Monday in Karawang International Industrial City (KIIC), an industrial area in West Java. (Antara Photo/Iman Firmansyah)

By : Rahajeng KH | on 10:59 AM March 08, 2016
Category : Business, Corporate News
Karawang, West Java. Toyota Motor Manufacturing Indonesia, a local unit of the Japanese automotive giant, has inaugurated its fifth factory in the country on Monday in Karawang International Industrial City, an industrial area in West Java.

The opening marks a significant milestone for Indonesia after the country took control of its domestic aluminium supply three years ago, as part of its aspiration to to add more value to its natural resources.

The factory will produce aluminium-block engines, known as R-NR, for domestic and Asian markets, Koei Saga, senior managing director at parent company Toyota Motor Manufacture, said.

The company chose Indonesia as its third country in which to establish engine manufacturing, after Japan and China, as the country is the world's largest producer and consumer of aluminium, Saga said.

The engine is cheaper to operate and generates smoother vibrations during operation due to its lighter weight compared to an engine with steel-blocks, TMMI's president Masahiro Nonami said.

Toyota has two other factories in Sunter, in northern Jakarta, that produce steel-block engine for its Innova and Fortuner cars.

Nonami declined to elaborate on which model the aluminium block engine would be installed. Still, he said the company sourced 80 percent of its material domestically.

Indonesia took over Indonesia Asahan Aluminium, or Inalum, from a Japan consortium in 2013 after a 30-year agreement expired. Under the agreement Inalum had to sell 70 percent of its output to Japanese buyers with the remaining to domestic market.

New state controlled management reduced export of the raw material to the East Asia country in favor of supplying local industries. Inalum is the country only aluminium smelter, capable of churning out around 300,000 tons of the metal ingot a year.

Saleh Husin, the industry minister, said he hoped Toyota to continue to develop local products and manufacturing capability.

"The government hopes Toyota also improve the quality of local components industry," Saleh said.
Toyota Opens Aluminium Engine Plant, 3 Year After Govt Take Control the Metal Supply | Jakarta Globe

 

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Toyota Karawang Engine Plant begins production of NR engines – 216,000 annual production capacity
In Cars, International News, Toyota / By Gerard Lye / 8 March 2016 6:13 pm / 1 comment



PT. Toyota Motor Manufacturing Indonesia (TMMIN) recently announced that production has already begun at its newly-constructed engine plant in West Java. The Karawang Engine Plant started operations since the end of February, built with an investment of approximately 2.3 trillion rupiah (RM718 million).

The plant, which employs 400 people, has the capacity to produce 216,000 engines per year. Currently, it is producing the 1.3 and 1.5 litre NR engines, some of which will be exported. Toyota models like the Sienta, Avanza, Vios and Yaris employ the NR engine family (depending on market).

The Karawang Engine Plant is part of Toyota’s goal to minimise the negative impacts on downstream processes, and thus enabled the inclusion of all steps of the manufacturing process in the same plant. The Karawang plant also produces the Kijang Innova, Fortuner, Etios Valco, Vios and Yaris. It has been rumoured that the Indonesia-spec Sienta will be manufactured at Karawang as well.

Among the production technologies used at the plant include on-site smelting, the first such implementation at a Toyota plant outside of Japan. With on-site smelting, the plant reduces the dangers associated with transporting molten metal during the process of casting major components.



Furthermore, the space required for smelting and casting is significantly reduced by taking the transportation process out of the equation. Fluctuations in demand can also be dealt with more responsively, as the amount of molten metal can now be more readily adjusted to meet demand.

Another technology, which also the first to be implemented at a Toyota plant outside of Japan, is inorganic sand cores. Cores are devices placed in casting moulds to create internal cavities in the final cast component. Once molten metal is poured in and has hardened, the cores are broken.

Traditionally, cores with organic additives are used during casting, due to the need for a combination of ease of disintegration, strength, heat resistance, and moulding properties. However, its usage creates many unwanted by-products like tar and odours to be emitted.

Through the use of inorganic matter additives instead of organic matter, these by-products can be reduced in terms of volume, requiring smaller dust collectors and deodorisers, which further reduces the space designated for casting and thus reduces the initial investment.
Toyota Karawang Engine Plant begins production of NR engines - 216,000 annual production capacity

 

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Japanese noodle firm ready for halal certification
Rabu, 09 Maret 2016 / 14:17 WIB

JAKARTA. A Japanese noodle firm in Hyogo Prefecture has expressed readiness to meet administrative requirements such as halal certification for its food products to be sold to Indonesian consumers.

The Japanese company notified the Indonesian Capital Investment Coordinating Board (BKPM) representative office in Tokyo on its readiness to meet the halal certification for its noodle products

"I have received reports that several Japanese food companies are contemplating to enter Indonesia after observing the spurt in the number of Japanese restaurants and grocery stores in the country. This means that they already have market segments to sell their products in Indonesia," Franky Sibarani, the BKPM head, noted in a press statement here on Wednesday.

He affirmed that the Hyogo Prefecture was included in the areas covered by the Indonesian Consulate General in Osaka. It often conducted promotional activities in cooperation with the Tokyo office of the BKPM.

Franky lauded the interest shown by the Japanese noodle firm to invest in Indonesia. He remarked that it was an interesting development as, so far, Japanese companies making investment in Indonesia were mostly doing business in the automotive and component industries. "This indicates that the interest of Japanese companies to invest in Indonesia is increasingly varying," the BKPM chief pointed out.

According to data at the representative office of the Japan External Trade Organization (Jetro), there were 1.199 students enrolled in Japanese schools in Jakarta in 2014. The institution also recorded that at the national level, there were 16.000 Japanese expatriates living in Indonesia of which 10.000 were in Jakarta.

"Data on Japanese expatriates in Jakarta is the main factor that has led to new investment interest in Indonesia," Franky claimed.

The BKPM representative for investment promotion (IIPC) in Tokyo Saribua Siahaan stated, that companies from Japan were so far mostly doing business in the electronics, automotive, and components sectors in addition to garment products.

"Other fields of business that have attracted Japanese investors include semiconductor production and electrical appliances. The IIPC is ready to help the Japanese investor who came from Hyogo Prefecture," Saribua remarked.

In line with the implementation of the ASEAN Economic Community (AEC), the Japanese investors have begun showing interest to invest in the food sector in Indonesia. "The Japanese investors view this as an opportunity since over 40 percent of the ASEAN population resides in Indonesia," noted Saribua.

Based on the BKPM data, the realization of Japanese investment in Indonesia in 2015 increased by six percent compared to that in 2014. The Japanese investment realization in 2015 stood at US$2.87 billion, with 2,030 projects absorbing 115,400 workers.

Japanese investment commitment in 2015 reached US$8.1 billion, up 95 percent from that in the previous year. Japan came third on the list of foreign countries having investment commitment in Indonesia.

The countries topping the list of foreign investment above Japan were China, with US$22.2 billion, up 42 percent compared to the same period in the previous year, and Singapore, with investment increasing by 69 percent to US$16.3 billion.







SUMBER : Antara
Editor Dupla KS

FOREIGN INVESTMENT
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Japan wants to invest in 15 Mini Hydro Power Plant worth USD 75 million in Indonesia


The efforts of the Government of Indonesia to develop greeninvestment include renewable energy power plants respondpositively by investors Japan.


Capital Investment Coordinating Agency (BKPM) receives interest in investment from Japan worth US $ 75 million to build mini hydro power plant in 15 locations in Indonesia.Early stage, investors will build two points in North Sumatra(Sumatra) with a value of US $ 15 million.


Head of BKPM, Franky Sibarani convey that investment plan mini hydro in the North targeted began construction on this year.


"By 2016, the company will immediately realize two mini hydro power project in North Sumatra Province with investment value of approximately US $ 15 million. The company is currently focused on the development of renewable energy inIndonesia, "he said in remarks to the official media, Tuesday (8/3/2016).


According to Franky, two mini hydro power plant will be built in North Sumatra has a capacity of 7.8 MW and 8.2 MW.The company is currently in the process of discussion of the Power Purchase Agreement (PPA) with the electricity state-owned company.


"With the presence of PPA, the company will get certainty in investing. This became one of the factors which will beescorted by BKPM and facilitated with the relevant parties, "he said.


Further, Franky tells us that the company is interested in setting up a holding company in Indonesia.


"With investment value that is submitted, then the BKPM is ready to facilitate the company's with 3 Hours ServiceInvestments," he explained.


BKPM on February 22, 2016 expand 3 Hours Investment Services with a limit value of USD 7,6 million investment and absorb labor 1000 with infrastructure projects in four sectors including energy and mineral resources. Six businesses in Energy and Mining sectors are excluded from the terms of the investment value of USD 7,6 million and a workforce of 1000 people.


Six businesses are the business of geothermal power (KBLI 06202); Electric power generation (KBLI 35101); Electric power transmission (KBLI 35102); The distribution of electric power (KBLI 35103), including the determination of thebusiness area, sales of electric power, including the determination of the area of business; Electricity Supporting (KBLI35104); and one business license i.e. Temporarily Lower Oil and Natural Gas business.


Meanwhile, officials of the Investment Promotion Offices BKPM (IIPC) Tokyo, Saribua Siahaan points out that Tokyo is ready to escort the IIPC interest investment submitted by electricity investors.


"The investment interest that conveyed will give positive contribute on the achievement of the target of national investment targeted this year reached USD 45 billion," he explained.


Based on the data of BKPM, the realization of the investment of Japan in Indonesia by 2015 going on an increase of 6% over the period. The realization of Japan recorded investment of US $ 2.87 billion, with total of 2,030 projects as well as projects to absorb labor 115,400. The main contribution of the Japan investment still is dominated by the manufacturing sector, especially the automotive, electronics and machinery sectors, as well as chemical and pharmaceutical sectors.


As for Japan's investment commitment in 2015, worth US $ 8.1 billion or increased 95% from the previous year. Theinvestment commitments are at the top of the list of third countries source investment commitments. On top of Japan there is a China of US $ 22.2 billion or 42% compared to the same period of the previous year, then Singapore rose 69% to US $ 16.3 billion. After Japan, South Korea also notes the increase in investment commitment 86% to US $ 4.8 billion.
Japan wants to invest in 15 Mini Hydro Power Plant worth USD 75 million in Indonesia

 

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Indonesia, Japan to cooperate in rural food security
Sabtu, 12 Maret 2016 02:41 WIB | 650 Views

Ilustration of Indonesia-Japan relationships. (pinflags.com)

Jakarta (ANTARA News) - Indonesia and Japan have agreed to establish cooperation to ensure food security in rural areas, Secretary General of the Village, Backward Region Development and Transmigration Ministry, Anwar Sanusi, said.

"The cooperation is aimed at increasing farmers income so that villagers do not start migrating to urban areas," he said in Malaysia.

The press statement released on Friday said Anwar Sanusi was in Malaysia to accompany Village, Backward Region Development and Transmigration Minister Marwan Jafar to attend the 33rd FAO Conference for Asia and the Pacific.

While in Malaysia, Anwar also held talks with Japans Vice Minister for International Affairs Hiromichi Matsushima to look into the possibility of cooperation to prevent urbanization.

(Reported by Muhammad Arief Iskandar/Uu.INE/KR-BSR/S012)

 

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State budget may be used
in massive port project
Farida Susanty, The Jakarta Post, Jakarta | Business | Mon, March 14 2016, 8:49 AM


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The government is set to use the state budget to fund a new deep sea port project in West Java to handle exports and imports for Indonesia’s manufacturing hub — a plan that has strayed from the initial proposal to have private investors fund the entire project.

Indonesia is currently negotiating with Japan for a loan worth US$2.49 billion for the project, which will be constructed in Patimban, Subang, West Java.

Around $600 million will also be allocated in the state budget for land procurement and road construction around the port, according to the Transportation Ministry.

“We will eventually use the state budget to cover all the funds needed for the project,” the Transportation Ministry’s port and dredging director, Mauritz HM Sibarani, said recently.

Mauritz said that the use of the state budget was intended to make the port fully owned by the government and that private counterparts would just operate the port after it was completed.

The ministry was still awaiting the Japanese decision on the project, as it just recently sent letters to the Japanese government to inform it of the development of the Patimban port project and to discuss the loan offer.

The interest rate on the loan is expected to be 0.25 percent and its term would span 40 years, including a grace period of 10 years. The total cost of the project is estimated to reach $3.09 billion.

Should the funding mechanism be agreed to, it will be the biggest project funded by the Japanese government in Indonesia.

Mauritz said that should the Japanese government approve, the developer of the port was “very likely” to come from Japan.

“We will do a bidding process, but they [Japan] are likely to bring their own workers. There is a big chance that if they give us the loan, they will win the tender,” he said.

The scheme resembles the Jakarta Mass Rapid Transportation (MRT) railway project, which is being financed through a soft loan from the Japan International Cooperation Agency (JICA) amounting to ¥125 billion ($1 billion).

A number of Japanese enterprises grouped under the Metro One Consortium were chosen as the winners of the bidding process for the railway system and track work for the project last year, while a joint operation between Japanese firm Sumitomo Mitsui and state construction firm Hutama Karya was chosen to do a part of the underground work for the project.

According to the ministry, the loan agreement is expected to be signed by the end of 2016, with groundbreaking scheduled for 2017. Ideally, the port will begin its first phase of operations by 2019.

The port will have a container capacity of 250,000 twenty-foot equivalent units (TEUs) in 2019, which will then be expanded to 7.5 million TEUs by 2037.

It will benefit many Japanese manufacturing giants, such as Toyota and Honda, as their factories are located in the Bekasi and Kerawang manufacturing centers, which are located not far from the planned port.

The Patimban port is to be a replacement for the planned Cilamaya port in Karawang, West Java, which was scrapped because of concerns it would affect the expansion of state-run oil and gas firm Pertamina’s nearby offshore operations.

Patimban was selected because it was thought to tick off all the necessary boxes in terms of legal issues, expected demand, low soil sedimentation and thus low dredging maintenance, safety and how it effects Pertamina’s offshore operations.

Mauritz previously stated that the government would look for other investors if the Japanese turn down the offer.

He downplayed the possible impact of not involving Japan in the project, despite the bilateral agreement between the two countries on the Metropolitan Priority Area (MPA) for Investment and Industry, in which the Cilamaya port was one of the flagship projects.

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- See more at: State budget may be used in massive port project | The Jakarta Post

 

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JBIC to provide direct loan to Indonesia's state-run utility
TOKYO -- The Japan Bank for International Cooperation has signed a contract to lend Indonesian state-owned electricity company PLN funds to import power generation equipment from Japan.

This is the government-owned financial institution's first direct loan to the utility. The funding, for which the parties signed an agreement on Monday, will be provided by the JBIC and Sumitomo Mitsui Banking. It will consist of yen loans totaling 16.4 billion yen ($144 million) and dollar funding of $179 million.



The JBIC's share will include a yen portion worth roughly 9.8 billion yen and a dollar loan of about $107 million. Sumitomo Mistui's portion will be insured by Nippon Export and Investment Insurance.

The funds will be used for purchasing Toshiba steam turbine generators, IHIboilers and other equipment for high-efficiency coal-fired electricity production. The equipment will allow PLN to expand its existing power plant about 80km northwest of Jakarta. The purchases will be made through Japanese trading firm Sumitomo.

The Indonesian government plans to add 35 gigawatts in power generation capacity in the 2015-2019 period. The JBIC is providing the loan to help Japanese companies win infrastructure order.

(Nikkei)

 

[Indos]

Krakatau Steel Establish Two Joint Ventures with Japan
MONDAY, 23 MARCH, 2015 | 16:36 WIB


TEMPO.CO, Jakarta - In collaborations with Japanese investors, PT Krakatau Steel Tbk. has formed two joint ventures, namely PT Krakatau Osaka Steel (KOS) and PT Krakatau Nippon Steel Sumikin (KNSS), to produce steel for automotive and construction industries.

Each of the companies has a production capacity of 500,000 tons with a total investment of US$500 million.

"Krakatau-Nippon will produce steel for automotive [industries], while Krakatau-Osaka will work on steel for construction. Krakatau Steel will supply raw materials for the automotive steel factory. But it won't be supplying [raw materials] yet for construction steel plant," Muhammad Khayam, the director for basic chemical industry at the Industry Ministry told Bisnis.com.

The two steel plants are expected to boost local content in vehicle production and infrastructure projects. Currently, local automotive and construction industries are counting on imported materials with particular specifications, since Krakatau Steel only produces standard steel.


The joint venture projects are built on a land with a total size of 40 hectares. The construction of the plants was predicted to absorb about 2,000 workers and about 400 more after the plants are fully operational.

Kazuhiro Egawa, an executive officer for overseas business development at the NSSMC, said that Krakatau Osaka Steel will be fully operational in 2016, while the Krakatau Sumikin will start its operation in 2017.

Krakatau Steel Establish Two Joint Ventures with Japan | ekbis | tempo.co

--------------------------------------------------------


Krakatau Steel


PT Krakatau Steel is an Indonesian state-controlled company engaged in the steel industry. It is Indonesia's largest steel producer and produces various steel products, such as hot and cold rolled coils as well as wire rods.

On 10 November 2010, Krakatau Steel listed 20 percent of its shares on the Indonesia Stock Exchange (IDX) through an initial public offering (IPO).

Krakatau Steel | Indonesia Investments

 

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Japan's Kyokuto Kaihatsu to build parking garages in Indonesia
OSAKA -- Kyokuto Kaihatsu Kogyo has broken into Indonesia's parking-garage market, seeking to focus on expanding overseas rather than in Japan, where growth prospects are dim.

The company, a manufacturer of specialty vehicles based in Japan's Hyogo Prefecture, has won its first Indonesian order, for a three-level garage for about 50 vehicles to be built at a Jakarta auto dealer. Kyokuto Kaihatsu used durability as a trump card against Chinese rivals touting lower prices, offering a building that will last for around 20 years. The facility's power supply will be connected to off-grid generators in nearby buildings as a safeguard against the area's frequent outages.


Kyokuto Kaihatsu will break ground on the garage in the fall. It will supply materials, while an Indonesian unit will handle construction and maintenance.

Demand for parking facilities is expected to be brisk in Indonesia, where urban areas are plagued by gridlock. Kyokuto Kaihatsu aims to win orders for an annual 200 parking spaces over three years, or about 20% of the market.

Specialty vehicles accounted for more than 80% of Kyokuto Kaihatsu's roughly 100 billion yen ($939 million) in group sales for the fiscal year ended in March. But demand is cooling in Japan as rebuilding after the March 2011 earthquake and tsunami winds down.

While Kyokuto Kaihatsu has more than 20 years of experience building parking garages, it has lost ground to larger rivals such as IHI. It will consider expanding into other markets with rising demand.

(Nikkei)

 

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Patimban to Get New $3.3 Billion Seaport: President Joko

Jakarta. The government has decided Patimban in West Java will host a new $3.3 billion seaport that will take some of the pressure off the country's overcrowded major ports.

The new seaport in Patimban, a two-hour drive from the Cikarang industrial complex in the eastern outskirt of Jakarta, will supersede an earlier plan to build a deep sea port in nearby Cilamaya. Cilamaya is 30 minutes closer to Cikarang, but the government eventually scrapped the plan to build a port there as they thought the construction work may interfere with oil and gas lines in and around the area.

"Patimban is a suitable replacement for Cilamaya," President Joko Widodo said on Monday (02/05).

The proposed Patimban port will have a capacity of 7.5 million twenty foot equivalent units (TEUs) by 2037, providing much-needed support for trade activities in Java, the country's most populated island and center of its manufacturing activities.

Today, the island's major ports—Tanjung Priok in Jakarta, Tanjung Perak in Surabaya and Tanjung Mas in Semarang—take in more than two thirds of Indonesia's container traffic.

Indonesia sees around 12 million TEUs of containers passing through its ports for domestic and international shipping in 2014, according to data compiled by the World Bank.

Transport Minister Ignasius Jonan said the government expects to start construction work in Patimban next year, and get the first section of the port operational by 2019.

Belgium and Japan have expressed an interest to provide financing for the project, said Mauritz H. Sibarani, the director of seaport at the Transport Ministry.


http://jakartaglobe.beritasatu.com/business/patimban-get-new-3-3-billion-seaport-president-joko/

 

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Japan keen to revitalize Java's northern railway network
Red: Julkifli Marbun

Antara/Sigid Kurniawan

illustration

REPUBLIKA.CO.ID, JAKARTA -- Japan has expressed interest to revitalize Java's northern railway network, an official of the transportation ministry stated on Tuesday.

At a discussion on railway development in Indonesia, Hermanto Dwiatmoko, the director general of railways, revealed that the revitalization would be carried out by increasing the speed of trains operating on the Jakarta-Surabaya route from currently 80 kilometers per hour (km/h) to 150 km/h.

"If trains can run on the Jakarta-Surabaya route at a speed of 150 km/h, then it would be more interesting," he affirmed.

Hermanto earlier remarked that the transportation ministry had offered two projects for funding options: the Trans Sumatra and Trans Sulawesi projects and the revitalization of Java's northern railway network.

"I said if they want to showcase their advanced technology, then they should opt for the revitalization project, and it seems they are interested," he noted.

The government has offered the Trans Sumatra and Trans Sulawesi projects to China, and the country is interested, he revealed.

He said the government had made the offers after the ministry's budget was cut by 10 percent to improve efficiency.

"The budget for 2016 is cut by 10 percent, or some Rp3.7 trillion, from Rp40 trillion," he stated, adding that a decline in taxes and other forms of revenue were among the reasons for the decision.

He pointed out that the cut affected all sectors and not just the railways due to which there was a likelihood of delays in the completion of several projects.

He said projects, including the Trans-Java, Trans-Sumatra, Trans-Sulawesi, Trans-Kalimantan and Trans-Papua, which were scheduled for completion in 2019, may possibly be delayed.

By 2030, the transportation ministry has set a target to develop a 12.1 thousand-km-long railway network covering Java-Bali, Sumatra, Kalimantan, Sulawesi, and Papua and a 3.8 thousand-km-long urban railway network.

Until 2019, the Directorate General of Railways has set a target to develop a 3,258-km-long railway network for the Trans-Sumatra, the southern line of Trans-Java, Trans-Kalimantan, Trans-Sulawesi, and Trans-Papua projects.

Sumber : Antara

 

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Japan Eyes Patimban Port Project After Losing High Speed-Rail Bid
Suci Sedya Utami • 16 Mei 2016 12:01 WIB
investment
En Business

• TWITTER

Patimban Port will ease congestion in Tanjung Priok Port, Jakarta (Photo:AFP/Bay Ismoyo)


Metrotvnews.com, Jakarta: Japan eyes another high profile project in Indonesia after losing Jakarta-Bandung high-speed rail bid to China. The country is interested with Patimban Port project in Subang, West Java.

"They lost high-speed rail project. They don't want to be left behind," said National Development Planning Agency's director of transportation Bambang Prihartono, Jakarta, Sunday (5/15/2016)

Bambang revealed Japan has proposed a loan with a 0.1 percent interest rate. "Japan offered Special Terms for Economic Partnership (STEP) loan. It is similar with Mass Rapid Transit (MRT) project," he added.

The Ministry of Finance is still reviewing the proposal. The total cost of the project is estimated to be around RP40 trillion. It is scheduled to start in 2017.

"We will use State Budget first so private sector can join later," he concluded.



(WAH)

 

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Japan supports Indonesia's one-million house program
Red: Julkifli Marbun

Antara/Widodo S. Jusuf

Franky Sibarani

REPUBLIKA.CO.ID, JAKARTA -- A Japanese real estate investor is ready to invest Rp2 trillion in the housing sector to support Indonesia's one million house program, an official stated.

The investor has planned to build accommodations for workers in industrial zones by using Japanese technology and meeting the country's quality standards, Chairman of the Investment Coordinating Board (BKPM) Franky Sibarani noted in a statement here, Friday.

"Initially, Rp2 trillion will be invested in a housing construction project in an industrial zone in West Java, and the funds will be channeled from the start of the second semester of 2016," Sibarani remarked.

By building houses in industrial zones, the living costs of the workers would reduce as they would not have to spend on transportation, he explained.

Sibarani hoped that the companies will provide houses as facilities for their workers.

The board's Deputy Chairman, Azhar Lubis, held a one-on-one meeting in Osaka on Thursday (May 12).

Lubis affirmed he would guard the investment commitments expressed by Japanese investors through coordination between the BKPM representatives in Tokyo and the Indonesian diplomats in Japan's capital city.

In the first quarter of 2016, Japanese investment in Indonesia reached US$1.58 billion spread across 427 projects and offering employment to 28,377 workers.

Japan comes second to Singapore in the list of largest investing nations in Indonesia, followed by Hong Kong, China, and the Netherlands.

Sumber : Antara

 

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BKPM Promotes Special Economic Zones to 130 Japanese Companies
Zoom Out Zoom In Normal
TEMPO.CO, Jakarta - Four Special Economic Zone (KEK) and industrial zone operators pitched investment opportunities to 130 Japan-based companies, in a bid to boost investment from the country.

Investment Coordinating Board (BKPM) head Franky Sibarani said that efforts to consolidate KEK and industrial zone investment marketing were conducted to provide investors with comprehensive information.

“KEKs and industrial zone have their own potentials. Therefore, investors can choose KEKs that are suitable for them,” Franky said in a press relese on Saturday, May 14, 2016.

According to Franky, the BKPM is optimistic that Japanese companies would be enthusiastic in investing their money in Indonesia.

“Usually, they are more comfortable with a specific industrial zone, such as the automotive cluster, or a specific country because the supporting industry is from the same country,” Franky explained.

Franky added that he appreciated supports from the Indonesian Consulate General (KJRI) in Osaka for initiating investment marketing related to the Special Economic Zones.

In the first quarter of 2016, Japan’s investment reached US$1.58 billion, consisting of 27 projects and absorbing 28,377 workers. Japan is the second country with the highest amount of investment in Indonesia after Singapore.



BISNIS.COM

 

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Sharp opens LED TV factory in Karawang

Japan-based electronics company Sharp officially opened on Wednesday morning an LED TV factory in Indonesia, located in the Karawang International Industrial City in West Java.

Industry Ministry Saleh Husin and Sharp Indonesia president director Fumihiro Irie attended the inauguration of the factory, accompanied by a number of local officials.

The Rp 55 billion ( US$4.1 million ) factory will employ 1,856 workers, with a capacity of about 1 million TV units per year.

Saleh said the government aimed to further develop the country's electronics industry as a vital part of the global electronic products supply chain.

Irie said despite the economic slowdown, Sharp Indonesia sought to provide quality products for its Indonesian customers.

"With the new factory, we will continue to locally produce quality products for our customers," Irie said in his speech. ( dmr )
http://www.thejakartapost.com/news/2016/05/18/sharp-opens-led-tv-factory-in-karawang.html