Indonesia Indonesian Economy News and Updates

[Umigami]

Tax revenues in 2022 surpassed target: Finance Minister​

11 hours ago



Finance Minister Sri Mulyani Indrawati at the KiTA State Budget Press Conference in Jakarta, Tuesday, January 3, 2023. (ANTARA/Astrid Faidlatul H/rst)

Jakarta (ANTARA) - Finance Minister Sri Mulyani Indrawati stated that tax revenues throughout 2022 amounted to Rp1,716.8 trillion, or 115.6 percent of the target of Rp1,485 trillion, and increased 34.3 percent (yoy), from Rp1,278.6 trillion.

"The increase in the past two years was extraordinary. In 2021, the tax revenue grew by 19.3 percent, and in 2022, it grew by 34.3 percent," the minister noted at the KiTA State Budget Press Conference in Jakarta on Tuesday.

Tax revenue that exceeded the target was driven by tax components that almost entirely exceeded the target, specifically non-oil and gas income tax, value-added tax (VAT) and luxury goods sales tax (PPnBM), and oil and gas income tax.

In detail, non-oil and gas income tax revenues amounted to Rp920.4 trillion, or 122.9 percent of the target, and were able to grow 43 percent (yoy), while oil and gas income tax amounted to Rp77.8 trillion, which exceeded 120.4 percent of the target and able to grow 47.3 percent (yoy).

The minister noted that oil and gas income tax performance growth was driven by rising oil and gas commodity prices, while non-oil and gas income tax was supported by economic activity and a mix of policies.

Meanwhile, VAT and PPnBM were able to reach Rp687.6 trillion, or 107.6 percent of the target, and grew 24.6 percent due to the increase in expansive economic activity, including changes in VAT rates.

Meanwhile, property tax and other taxes were only able to reach Rp31 trillion, which was 95.9 percent of the target, and grew slightly by three percent (yoy) due to increased commodity prices.

Indrawati explained that the number of tax revenues components were reflections of economic recovery that was fairly distributed across all sectors and regions.

"This is in line with our economic recovery that is fairly even in all sectors and all regions and in terms of aggregate demand and production," she pointed out.

Meanwhile, customs and excise revenue in 2022 was reported at Rp317.8 trillion that also exceeded the target of reaching 106.3 percent and grew 18 percent (yoy), from Rp269.2 trillion.

In detail, excise revenues amounted to Rp226.9 trillion, or 103.1 percent of the target, due to the effectiveness of policies or tariff adjustments and supervision as well as the improvement in pandemic conditions, especially the relaxation of tourist destinations.

For import duties, the revenue amounted to Rp51.1 trillion, or 120.6 percent of the target, influenced by the trend of increasing national import performance as a result of increasing domestic demand.

Meanwhile, export duties revenue is at Rp39.8 trillion, or 108.5 percent of the target, driven by increased export volumes and commodity prices, especially palm oil and mineral and coal products.

Related news: Tax revenues up 41.93% to Rp1.63 trillion: minister
Related news: Govt exploring new tax revenue sources: expert staff


Reporter: Astrid Faidlatul H, Resinta S
Editor: Rahmad Nasution
COPYRIGHT © ANTARA 2023

Tax revenues in 2022 surpassed target: Finance Minister

Finance Minister Sri Mulyani Indrawati stated that tax revenues throughout 2022 amounted to Rp1,716.8 trillion, or 115.6 percent of the target of Rp1,485 ...

en.antaranews.com

Colek her for Eagle

 

[Umigami]

Will our government sacrifice anything including defense spending for IKN ?

 

[Lordimperator]

Will our government sacrifice anything including defense spending for IKN ?

Let see till the end of 2023

 

[Umigami]

Let see till the end of 2023

Even though there is a momentum can be used

https://twitter.com/i/web/status/1614254934979137537

 

[Madokafc]

Indonesia's economy grew 5.01% in Q4 of 2022: BPS​

6 hours ago



The Central Statistics Agency (BPS) has reported that Indonesia's economy grew 5.31 percent on an annual basis in 2022, in line with the state budget target set by the government. (ANTARA FOTO/Galih Pradipta/foc)

Jakarta (ANTARA) - Indonesia's economy grew 5.01 percent in the fourth quarter of 2022 compared to the year-ago period on the back of positive growth in all business sectors, according to the Central Statistics Agency (BPS).

"Business fields with the highest growth were transportation and warehousing as well as accommodation, food and drink," BPS head Margo Yuwono informed at a press conference here on Monday.

The processing industry was the largest source of growth, he added.

The transportation and warehousing as well as accommodation and food and drink sectors managed to grow by 16.99 percent yoy and 13.81 percent yoy, respectively, driven by increased community mobility and higher international and domestic tourist visits.

The rail transportation sub-sector recorded a growth of 61.94 percent yoy due to an increase in the number of passengers and goods transported, as well as an increase in people's mobility during the school holidays, Christmas, and New Year.

The air transport sub-sector also managed to grow 44.07 percent, supported by an increase in the number of air transport passengers and an increase in the number of foreign tourists.

After the two sub-sectors, the highest growth was recorded in other service sectors (11.14 percent yoy), followed by corporate services (10.42 percent yoy), and information and communication (8.75 percent yoy), Yuwono informed.

Meanwhile, the trade sector recorded a growth of 6.55 percent yoy, mining 6.46 percent yoy, the processing industry 5.64 percent yoy, and the agricultural sector 4.51 percent yoy.

Then, financial services recorded year-on-year growth of 3.76 percent, water supply 2.84 percent, health services 2.47 percent, electricity and gas procurement 2.31 percent, government administration 1.78 percent, construction 1.61 percent, and education services 0.42 percent.

"All the main sectors, namely the manufacturing industry, trade, mining, agriculture and construction are continuing positive trends and growing impressively," he said.

In the fourth quarter of 2022, the processing industry was the source of the highest growth at 1.17 percent, Yuwono informed. It was followed by trade (0.84 percent), transportation and warehousing (0.67 percent), information and communication (0.55 percent), and other sectors (1.78 percent).

The processing industry’s growth was driven by downstream and foreign demand. Meanwhile, the basic metal industry sub-sector managed to grow by 15.12 percent yoy driven by increased domestic ferronickel production and increased export demand.

Meanwhile, the food and beverage industry sub-sector grew by 8.68 percent yoy due to an increase in the production of agricultural raw materials (rice and palm oil) and higher production of crude palm oil (CPO) and crude palm kernel oil (CPKO), as well as high foreign demand.


Related news: Be cautious, optimistic in facing global turmoil in 2023: BI

Related news: 2023 an opportune time for accelerating tourism growth: President




Reporter: Agatha Olivia Victoria, Katriana
Editor: Tia Mutiasari
COPYRIGHT © ANTARA 2023

 

[Madokafc]

Good state budget performance results in 5.3-percent economic growth​

7th February 2023



Minister of Finance Sri Mulyani Indrawati at the "Indonesian Media Public Lecture" that was monitored online in Jakarta, Friday (2/3/2023). ANTARA/Agatha Olivia Victoria/am.

Jakarta (ANTARA) - Good performance of the state budget succeeded in driving the 2022 economy to grow 5.3 percent compared to the previous year (year-on-year/yoy), far surpassing the 3.7-percent growth in 2021, Finance Minister Sri Mulyani Indrawati stated.

Good performance of the state budget is apparent from the deficit recorded at only 2.38 percent of the gross domestic product (GDP), or Rp464.3 trillion, which came from the realization of state spending of Rp3,090.8 trillion and state revenue of Rp2,626.4 trillion.

"Thank God, even though since 2022, the world economic growth was projected to slow down, the Indonesian economy has recorded very good growth trend consistency," Sri Mulyani noted in an official statement here on Tuesday.

Amid the escalation of global turmoil in 2022, the role of the state budget, as a shock absorber, remains very crucial.

Supply disruptions due to increased optimism for economic improvement in several developed countries not being followed up with improved production have raised the inflationary pressure.

The minister pointed out that the war in Ukraine also caused supply disruptions, so prices of commodities, particularly food and energy, soared sharply. As a result, several countries face very high inflationary pressures.

Inflation in several developed countries, such as the United States and nations in the European region, logged the highest record in the last four decades.

Global upshot of the impact of high inflation on the domestic side can be reduced by optimizing the function of the state budget as a shock absorber.

The government rolled out the Direct Cash Assistance (BLT) Program for cooking oil, increasing the budget for energy subsidies and compensation, adding BLT to offset rising fuel prices, offering wage subsidy assistance, and strengthening transfer funds to the regions to control inflation.

Thus, Sri Mulyani said domestic inflation is under control at a moderate level, at only 5.5 percent in 2022, so that the public's purchasing power and the sustainability of economic recovery are maintained.

On the other hand, the effectiveness of policies for handling the COVID-19 pandemic has played a major role in maintaining the sustainability of economic recovery.

Acceleration of vaccination programs and the right approach in implementing social restrictions that are adaptive also effectively control the transmission of COVID-19 while maintaining economic activities, so that faster recovery can be achieved.

Various economic recovery programs through the COVID-19 Handling and National Economic Recovery Program (PC-PEN) supported by accommodative monetary and financial sector policies have provided a major impetus for accelerating national economic recovery in 2022.

Related news: Rp25.01 trillion allocated to support general elections: minister
Related news: Govt uses state budget to help MSMEs access financing: minister



Reporter: Agatha Olivia Victoria, Katriana
Editor: Rahmad Nasution
COPYRIGHT © ANTARA 2023

 

[Madokafc]

Proud! Pertamina Realizes RI's Dream to Have the Largest Environmentally Friendly Dual Fuel Gas Tanker in the World​

2023-02-03 11:55:00

Singapore, February 3, 2023 - Indonesia now has a Very Large Gas Carrier (VLGC) or giant gas tanker, one of the largest gas carriers in the world. This VLGC ship officially became the property of PT Pertamina International Shipping (PIS) as of February 1, 2023.
The VLGC ship owned by PIS named Pertamina Gas "Amaryllis" is also the first dual fuel system VLGC ship owned by Indonesia.

President Director of PT Pertamina (Persero), Nicke Widyawati, appreciates this VLGC vessel ownership. "Congratulations to PIS for having the first dual-fuel VLGC that uses low sulfur fuel oil and gas as its fuel. This is PIS' real step in the decarbonization program towards net zero emissions," said Nicke on Thursday (2/2).

The protocol for sending and receiving the VLGC PG Amaryllis Vessel signing took place yesterday in Singapore.
The CEO of PT Pertamina International Shipping (PIS), Yoki Firnandi, explained that the VLGC PG Amaryllis ship has a capacity of up to 90 thousand cubic meters.
"This is the largest ship in its class. The VLGC ships currently owned by PIS, namely PG 1 and PG 2, are still under that size. With this large capacity, the ship tonnage can be optimally utilized to encourage maximum revenue," said Yoki.
The Fleet Director of PIS, Muhammad Irfan Zainul Fikri, explained the many advantages of the PG Amaryllis ship, which now belongs to PIS. Apart from having a very large payload capacity, it also has a dual engine where the propulsion engine of this ship consists of Low Sulfur Fuel Oil (LSFO) and LPG will help to be efficient on the operational side.

"Moreover, this ship is also ready to transport ammonia and can become a chemical transporter, the largest ship that can load ammonia," he explained.
Having the largest payload capacity in its class with a more efficient fuel utilization, the Amaryllis Ship is believed to provide many benefits for the company, as well as a more environmentally friendly energy business.

This ship ownership also shows PIS' commitment to decarbonization. "We believe this ship will not only provide benefits from the commercial side but also from the ESG side and the company's environmentally friendly commitment."**

Proud! Pertamina Realizes RI's Dream to Have the Largest Environmentally Friendly Dual Fuel Gas Tanker in the World | Pertamina

Indonesia now has a Very Large Gas Carrier (VLGC) or giant gas tanker, one of the largest gas carriers in the world. This VLGC ship officially became the property of PT Pertamina International Shipping (PIS) as of February 1, 2023.

www.pertamina.com

 

[Var Dracon]

Proud! Pertamina Realizes RI's Dream to Have the Largest Environmentally Friendly Dual Fuel Gas Tanker in the World​

2023-02-03 11:55:00

Singapore, February 3, 2023 - Indonesia now has a Very Large Gas Carrier (VLGC) or giant gas tanker, one of the largest gas carriers in the world. This VLGC ship officially became the property of PT Pertamina International Shipping (PIS) as of February 1, 2023.
The VLGC ship owned by PIS named Pertamina Gas "Amaryllis" is also the first dual fuel system VLGC ship owned by Indonesia.

President Director of PT Pertamina (Persero), Nicke Widyawati, appreciates this VLGC vessel ownership. "Congratulations to PIS for having the first dual-fuel VLGC that uses low sulfur fuel oil and gas as its fuel. This is PIS' real step in the decarbonization program towards net zero emissions," said Nicke on Thursday (2/2).

The protocol for sending and receiving the VLGC PG Amaryllis Vessel signing took place yesterday in Singapore.
The CEO of PT Pertamina International Shipping (PIS), Yoki Firnandi, explained that the VLGC PG Amaryllis ship has a capacity of up to 90 thousand cubic meters.
"This is the largest ship in its class. The VLGC ships currently owned by PIS, namely PG 1 and PG 2, are still under that size. With this large capacity, the ship tonnage can be optimally utilized to encourage maximum revenue," said Yoki.
The Fleet Director of PIS, Muhammad Irfan Zainul Fikri, explained the many advantages of the PG Amaryllis ship, which now belongs to PIS. Apart from having a very large payload capacity, it also has a dual engine where the propulsion engine of this ship consists of Low Sulfur Fuel Oil (LSFO) and LPG will help to be efficient on the operational side.

"Moreover, this ship is also ready to transport ammonia and can become a chemical transporter, the largest ship that can load ammonia," he explained.
Having the largest payload capacity in its class with a more efficient fuel utilization, the Amaryllis Ship is believed to provide many benefits for the company, as well as a more environmentally friendly energy business.

This ship ownership also shows PIS' commitment to decarbonization. "We believe this ship will not only provide benefits from the commercial side but also from the ESG side and the company's environmentally friendly commitment."**

Proud! Pertamina Realizes RI's Dream to Have the Largest Environmentally Friendly Dual Fuel Gas Tanker in the World | Pertamina

Indonesia now has a Very Large Gas Carrier (VLGC) or giant gas tanker, one of the largest gas carriers in the world. This VLGC ship officially became the property of PT Pertamina International Shipping (PIS) as of February 1, 2023.

www.pertamina.com

I don't like the title. And considering this comes from Pertamina website ...

 

[Madokafc]

Initial trade balance surplus boosts economic resilience: ministry​

16th February 2023



Screenshot - Head of the Fiscal Policy Agency of the Ministry of Finance Febrio Kacaribu in a press conference in Jakarta, Tuesday (3/1/2022). (ANTARA/Sanya Dinda)

Jakarta (ANTARA) - Trade balance surplus at the beginning of this year was a good start in strengthening resilience of the national economy in facing global challenges going forward, Finance Ministry's Fiscal Policy Agency Head Febrio Kacaribu stated.

The trade balance for January 2023 recorded a surplus of US$3.87 billion owing to the export and import performance, so it continued to record a surplus for 33 consecutive months since May 2020.

"Export and import figures are still quite high, even the highest as compared to figures in January in the previous years," Kacaribu noted in an official statement in Jakarta, Thursday.

The agency head remarked that going forward, the government remains wary of the potential for pressure from a global economic slowdown, as reflected in the still contracting Purchasing Managers' Index (PMI) for manufacturing in trading partner countries.

The government will keep endeavoring to boost the competitiveness of export products, including by encouraging the downstream of natural resources and encouraging the diversification of export destination countries, including potential countries.

Last month, the largest contributors to Indonesia's trade balance surplus were the United States, the Philippines, and India, with the main commodities being mineral fuels, palm products, and machinery.

Starting 2023, Indonesia's exports in January recorded quite a good growth, increasing by 16.37 percent as compared to the same period in the previous year (year-on-year/yoy), or reaching US$22.31 billion, supported by increased exports of both oil and gas commodities and non-oil and gas, respectively increasing by 65.03 percent (yoy) and 13.97 percent (yoy).

Kacaribu noted that several main commodities that supported positive export performance included precious metals and jewelry or gems, as well as rubber and rubber goods.

Exports to major trading partner countries also recorded strong growth. Exports of non-oil and gas products to China, which accounted for 25.2 percent of the total non-oil and gas exports, grew by 49.4 percent (yoy).

"Even though the Manufacturing PMI for Indonesia's several main trading partner countries, such as China, remained in a contraction zone, export is still going high at the beginning this year," he stated.

Meanwhile, he remarked that imports in January 2023 were recorded at US$18.44 billion, thereby growing 1.27 percent (yoy). Judging from the use, the imports of consumer goods, capital goods, and auxiliary raw materials still grew positively by 1.09 percent (yoy), 5.66 percent (yoy), and 0.41 percent (yoy) respectively.

"The consistently positive growth in all types of imports in all forms shows that domestic production activities continue to be expansive, in accordance with the increase in the PMI indicator in January," Kacaribu explained.

Judging from the type of commodity, he noted that imports were dominated by main commodities, including electrical machinery and equipment and their parts.

Related news: Indonesia has capital, opportunities to sustain trade balance: KSP
Related news: Export value to grow 12.8% in 2023, minister projects



Reporter: Agatha Olivia, Cindy Frishanti Octavia
Editor: Rahmad Nasution
COPYRIGHT © ANTARA 2023

Initial trade balance surplus boosts economic resilience: ministry

Trade balance surplus at the beginning of this year was a good start in strengthening resilience of the national economy in facing global challenges going ...

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[Madokafc]

Ministry mulls long-term plan to improve transmigration​

4 hours ago



Villages, Development of Disadvantaged Regions, and Transmigration (PDTT) Minister Abdul Halim Iskandar at the commemoration of the 19th anniversary of the Indonesian Transmigrant Children Association (PATRI) at Nusantara's ground zero in East Kalimantan on Thursday (February 16, 2023). (ANTARA/HO-Kemendes PDTT/FR)

Jakarta (ANTARA) - The Villages, Development of Disadvantaged Regions, and Transmigration (PDTT) Ministry is formulating a long-term development plan (RPJP) to improve the transmigration program.

"Later, the transmigration pattern should be undertaken more professionally by prioritizing skills and all of that is because it is what the time and condition demand," PDTT Minister Abdul Halim Iskandar said in a statement released on Thursday.

During the commemoration of the 19th anniversary of the Indonesian Transmigrant Children Association (PATRI) at the new capital Nusantara's ground zero, he observed that a more modern transmigration breakthrough is important to support development in Indonesia.

Currently, his ministry is preparing a better transmigration development concept by equipping transmigrants with modern equipment.

"Transmigration departure will be complemented with hand tractor, rice milling unit. Now, that is the transmigration that we expect in the future," the minister remarked.

Under the transmigration program, in the future, there will no longer be transmigrants who depart with outdated equipment such as hoes and sickles, he informed.

During Thursday’s event, the minister said that PATRI is serving as the first line of defense against the spread of radicalism.

The association should truly become an advocacy institution for transmigrants and transmigration regions, he added.

During the occasion, the ministry bestowed numerous awards to transmigration actors, such as regional heads and cultural figures participating in fields such as education, entrepreneurship, and religion.

There were also women transmigrant figures, transmigrant children, transmigrant assistants, transmigrant local community figures, residents who gave up their land for the transmigration program, and village chiefs who scripted transmigration success.

Related news: Village-owned businesses contributing to welfare: Ministry
Related news: Division of Papua province to promote development: ministry



Reporter: Zubi Mahrofi, Fadhli Ruhman
Editor: Rahmad Nasution
COPYRIGHT © ANTARA 2023

Ministry mulls long-term plan to improve transmigration

The Villages, Development of Disadvantaged Regions, and Transmigration (PDTT) Ministry is formulating a long-term development plan (RPJP) to improve the ...

en.antaranews.com

 

[Madokafc]

Ministry releases first export of locally produced hybrid vehicle​

21st February 2023



The ceremony for the first export release of a locally produced hybrid vehicle, the Toyota Kijang Innova Zenix Hybrid, manufactured by PT Toyota Motor Manufacturing Indonesia (TMMIN) in Karawang, West Java, Tuesday. (ANTARA/ Sella Panduarsa Gareta)

Karawang, Jawa Barat (ANTARA) - Minister of Industry Agus Gumiwang Kartasasmita released the first export of a locally produced hybrid vehicle, Toyota Kijang Innova Zenix Hybrid, manufactured by PT Toyota Motor Manufacturing Indonesia (TMMIN) in Karawang, West Java.

"Electrified vehicles are part of Toyota Indonesia's export expansion target in the future, starting with the exports of locally produced hybrid vehicles," Kartasasmita stated in Karawang, Tuesday.

The minister explained that vehicles that meet 70 percent of the Domestic Content Level (TKDN) will be exported to 27 countries, including Australia, with the total number of units reaching two thousand in 2023.

According to Kartasasmita, this proves that Indonesian products are able to penetrate the Australian market that is known for having strict fuel, emission, and safety specifications.

Kartasasmita stated that the TMMIN investment until 2022 had reached Rp77.9 trillion, with a commitment of an additional investment of Rp27.1 trillion until 2026.

"With this investment, the production capacity at PT TMMIN per year has reached 320 thousand units of vehicles and 440 thousand units of engines and parts produced at four factories in Karawang and Sunter, with a total workforce currently reaching 8,003 employees," Kartasasmita stated.

PT TMMIN's exports in 2022 had reached 136 thousand units of CBU, with cumulative total exports up to 2022 reaching more than two million units of CBU to over 100 countries in the Middle East, Africa, South Asia, Southeast Asia, East Asia, Latin America, Oceania, and Australia.

TMMIN President Director Warih Andang Tjahjono affirmed that this export marks an increase in the level of capability and excellence of the national automotive manufacturing industry through export activities of high-tech products to the next level.

Tjahjono underscored that this step was an attempt to continue to contribute to the development of the national automotive industry that had entered the electrification era and contributed to a positive trade balance.

"The first export of the Kijang Innova Zenix would not have been possible without the full support of the Government of Indonesia, strong partnerships from our entire supply chain, including small and medium industries (IKM), and community support," Tjahjono remarked.

Tjahjono is optimistic that TMMIN would contribute even further to enable mutual growth and boost global competitiveness to meet the development of the Indonesian and global automotive industry.

The president director stated that in 2023, TMMIN targets to export more than eight thousand Kijang Innova Zenix, with a composition of 30-percent HEV type and 70-percent internal combustion engine (ICE) type to countries in Asia, Africa, Latin America, and the Middle East.

Innova Zenix's exports are expected to continue to increase from year to year, with a target of 17 thousand units in 2025 for hybrid and conventional types.

"The first export of the Kijang Innova Zenix Hybrid electrification vehicle is part of Toyota Indonesia's efforts to participate in achieving the government's target of decarbonization. Of course, the export of complete cars also includes electrified batteries that are assembled locally at our factory in Karawang," Tjahjono stated.

Toyota Indonesia introduced various vehicle models that can reduce carbon emissions through a multipathway strategy, comprising fuel-efficient conventional vehicles, bio-fuel vehicles, and electrified technology vehicles, namely, HEV, PHEV, and BEV, in addition to producing the local Kijang Innova Zenix Hybrid model.

"We will continue to maintain Indonesia's position as a production and export base for domestically made electrification vehicles, especially hybrids," Tjahjono remarked.

Related news: Government receives 143 electric cars from Toyota for G20 Summit
Related news: Widodo orders government institutions to use EVs for official purposes
Related news: Indonesia invites Canada to develop EV ecosystem in ASEAN


Reporter: Sella Panduarsa, Cindy Frishanti Octavia
Editor: Sri Haryati
COPYRIGHT © ANTARA 2023

Ministry releases first export of locally produced hybrid vehicle

Minister of Industry Agus Gumiwang Kartasasmita released the first export of a locally produced hybrid vehicle, Toyota Kijang Innova Zenix Hybrid, ...

en.antaranews.com

 

[Madokafc]

Mentarang PLTA expected to bolster green economy: President Jokowi​

18 hours ago



Screenshot - President Joko Widodo delivers his remarks at the groundbreaking of the Mentarang Main Hydropower Plant in Malinau District, North Kalimantan Province, on Wednesday (March 1, 2023). (ANTARA/Desca Lidya Natalia/uyu)

Jakarta (ANTARA) - Construction of the Mentarang Main Hydropower Plant (PLTA) in Malinau District, North Kalimantan Province, is one of Indonesia's endeavors to realize green economy transformation, President Joko Widodo (Jokowi) stated.

"The government highly supports this big project, and we expect that there will be a green economy transformation in Indonesia," Jokowi remarked while attending the groundbreaking of the Mentarang Main PLTA on Wednesday.

He noted that the project, which is built on Mentarang River located about 35 kilometers upstream of Malinau District, costs US$2.6 billion or around Rp40 trillion.

"What do we expect from (the development of) this area (the Mentarang PLTA)? The (PLTA) area in Mentarang will be connected to (supply electricity for) the (industrial) area in Bulungan," he stated.

Currently, the government is also constructing the Indonesian Industrial Park Area (KIPI) in Bulungan District, North Kalimantan Province, spanning an area of 13 thousand hectares, to become the largest green industrial estate in the world.

The president noted that the government is targeting to develop the electronic vehicle (EV) and EV battery manufacturing as well as aluminum industry at KIPI.

He noted that the industry will produce green aluminum since KIPI uses green energy.

Furthermore, he said that a petrochemical industry will start operating in the near future.

He visited KIPI on Tuesday (February 28, 2023) to witness up close the operational readiness of the industrial area that had been developed since 2021.

“Once they (the Mentarang PLTA and Bulungan KIPI) are connected, they will become Indonesia's future (economic drivers)," Jokowi remarked.

In addition, he expressed gratitude to the local community and religious leaders in Malinau District for supporting the implementation of the project.

"Especially the Dayak community, who has fully supported this project, and we hope that all of us can obtain great benefits from this integrated project in Mentarang Sub-district (in Malinau District) and Bulungan District," he noted.

The Mentarang Main PLTA is being developed by PT Kayan Hydropower Nusantara, a joint venture between Sarawak Energy and Indonesian private corporation PT Kayan Patria Pratama.

Sarawak Energy is a company belonging to the Government of Sarawak, Malaysia.

In addition to supplying electricity for the industrial area, the Mentarang Main PLTA can provide sustainable supply of clean energy for the surrounding community and support electricity supply for Indonesia’s future capital city, Nusantara, in East Kalimantan Province.

Related news: Mentarang PLTA signifies Indonesia-Malaysia cooperation: Jokowi
Related news: Indonesia to host World Hydropower Congress 2023 in Bali




Reporter: Desca Natalia, Uyu Liman


Editor: Anton Santoso
COPYRIGHT © ANTARA 2023

Mentarang PLTA expected to bolster green economy: President Jokowi

Construction of the Mentarang Main Hydropower Plant (PLTA) in Malinau District, North Kalimantan Province, is one of Indonesia's endeavors to realize ...

en.antaranews.com

 

[Madokafc]

Tourist visits in January reach 735,950: BPS​

16 hours ago



Deputy for distribution and services statistics at Statistics Indonesia (BPS), Pudji Ismartini. (ANTARA/BPS/rst)

Jakarta (ANTARA) - The number of foreign tourist visits to Indonesia in January 2023 reached 735.95 thousand, an increase of 503.34 percent from 121.98 thousand in January 2022, Statistics Indonesia (BPS) has reported.

However, the number of foreign tourist visits in January 2023 actually declined by 17.78 percent compared to the previous month, when they reached 895.12, the agency informed.

"The number of foreign tourist visits to Indonesia in January 2023 was 735.9 thousand visits, down 17.78 percent compared to December 2022. Meanwhile, on an annual basis, this number grew 503.34 percent," deputy for distribution and services statistics at BPS, Pudji Ismartini, said in a presentation in Jakarta on Wednesday.

In January 2023, 620.9 thousand foreign tourists entered Indonesia through the main entrance and the remaining 115 thousand entered through the border entrance, she informed.

The number of foreign tourists entering through the main entry gate fell by 19.07 percent compared to December 2022. Meanwhile, the number of foreign tourists entering through the border entrance also slid by 10.09 percent compared to December 2022, Ismartini said.

She informed that foreign tourists visiting Indonesia in January 2023 were dominated by Malaysian tourists, who accounted for 15.26 percent of the visitors; followed by tourists from Australia (13.46 percent), Singapore (13.05 percent), Timor Leste (9.57 percent), and India (4.46 percent).

The number of foreign tourists visiting Indonesia through the main entrance using air transport in January 2023 was recorded at 485.25 thousand, an increase of 3,233.87 percent compared to January 2022. The number of visits at Soekarno-Hatta Airport increased by 721.36 percent, followed by Sam Ratulangi Airport in North Sulawesi at 72.53 percent.

She further disclosed that the number of visits by foreign tourists through the main entrance using sea transportation in January 2023 was recorded at 127.27 thousand, a sharp increase of 36,365.62 percent compared to 349 visits in January 2022.

This increase was influenced by an increase in the number of visits to Tanjung Benoa Port in Bali by 62,400 percent and to Batam Port in Riau Islands by 39,169.58 percent, she added.

The number of foreign tourists visiting through the main entrance using land transportation in January 2023 reached 8,395, an increase of 3,487.61 percent compared to January 2022, with the largest increase seen at the Atambua-East Nusa Tenggara entrance, Ismartini said.

Related news: Collaboration to revive Indonesia's tourism after pandemic
Related news: International tourist arrivals beat target in 2022: Minister
Related news: Foreign tourist arrivals reach 5.47 mln in 2022: BPS




Reporter: Ade Irma J, Resinta S
Editor: Sri Haryati
COPYRIGHT © ANTARA 2023

Tourist visits in January reach 735,950: BPS

The number of foreign tourist visits to Indonesia in January 2023 reached 735.95 thousand, an increase of 503.34 percent from 121.98 thousand in January 2022, ...

en.antaranews.com

 

[Umigami]

China controls 90% of our Nickel

Daily News Indonesia - Daily News Indonesia

edit post Megapolitan Dukungan publik kuat, kenapa PDIP tidak berani calonkan Anies? 2 September 2024 edit post Megapolitan PDIP diminta dengar aspirasi warga untuk Anies kembali jadi gubernur 2 September 2024 edit post Megapolitan Pakar: hilal Anies bakal diusung PDIP kian terlihat 2 September...

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[chibiyabi]

China controls 90% of our Nickel

Daily News Indonesia - Daily News Indonesia

edit post Megapolitan Dukungan publik kuat, kenapa PDIP tidak berani calonkan Anies? 2 September 2024 edit post Megapolitan PDIP diminta dengar aspirasi warga untuk Anies kembali jadi gubernur 2 September 2024 edit post Megapolitan Pakar: hilal Anies bakal diusung PDIP kian terlihat 2 September...

www.dailynewsindonesia.com

they should ask 450 T per year in the past indo get what, present, we get huge amount of taxes from nickel based local industry

 

[Lordimperator]

China controls 90% of our Nickel

Daily News Indonesia - Daily News Indonesia

edit post Megapolitan Dukungan publik kuat, kenapa PDIP tidak berani calonkan Anies? 2 September 2024 edit post Megapolitan PDIP diminta dengar aspirasi warga untuk Anies kembali jadi gubernur 2 September 2024 edit post Megapolitan Pakar: hilal Anies bakal diusung PDIP kian terlihat 2 September...

www.dailynewsindonesia.com

ask Mr Prime Minister

 

[Madokafc]

China controls 90% of our Nickel

Daily News Indonesia - Daily News Indonesia

edit post Megapolitan Dukungan publik kuat, kenapa PDIP tidak berani calonkan Anies? 2 September 2024 edit post Megapolitan PDIP diminta dengar aspirasi warga untuk Anies kembali jadi gubernur 2 September 2024 edit post Megapolitan Pakar: hilal Anies bakal diusung PDIP kian terlihat 2 September...

www.dailynewsindonesia.com

So that's why they can get access to unlimited battery raw material for their EV factories.

 

[Zinan 二]

Indonesia Posts Rp 131.8 Trillion Budget Surplus in February​

BY :JAYANTY NADA SHOFA
MARCH 14, 2023
Jakarta. Indonesia recorded Rp 131.8 trillion, or about $8.6 billion, in budget surplus as of end-February 2023, according to Finance Minister Sri Mulyani.
The minister reported that the state revenue totaled Rp 419.6 trillion in the first two months of 2023, exceeding the country’s spending which amounted to Rp 287.8 trillion. The Rp 131.8 trillion surplus is also equivalent to 0.63 percent of the gross domestic product (GDP). Data showed that the country’s primary balance had a surplus of Rp 182.2 trillion.
“We have achieved 17 percent of our targeted state revenue for this year. Our state revenue also grew by 38.7 percent year-on-year [yoy],” Sri told reporters in Jakarta on Tuesday.
Indonesia collected Rp 279.98 trillion in tax revenue in Jan-Feb 2023, up by 40.35 percent y-o-y. About Rp 137.09 trillion came from income tax in the non-oil and gas sectors. Sri also told the news conference that the oil and gas sector contributed Rp 12.67 trillion in income tax. The government posted Rp 128.27 trillion in value-added tax and luxury tax. The remaining Rp 1.95 trillion is derived from building tax and other taxes.

Indonesia Posts Rp 131.8 Trillion Budget Surplus in February

Indonesia posted Rp 419.6 trillion in state revenue in the first two months of 2023, according to the Finance Ministry.

jakartaglobe.id

 

[Zinan 二]

Indonesia's Trade Surplus of US$ 1 M with China, This is the Driver

The Central Statistics Agency (BPS) noted that the non-oil and gas trade balance with China recorded a surplus of US$ 999.8 million last month. The trade balance surplus was in line with imports which fell deeper than the correction in exports. The non-oil and gas trade surplus with China is the third largest after the US and India. Last month's surplus was also a reverser after the previous month recorded a slight deficit of US$ 70 million. "This trade surplus with China occurs in steel commodities, mineral fuels, as well as animal or vegetable fats and oils," said BPS Deputy for Production Statistics M. Habibullah in a press conference, Wednesday (15/3). ALSO READ Coal Price Jeblok, February Exports Drop to US$ 21.4 Billion Imports of Consumer Goods Fall Ahead of Ramadan, This is the Cause Coordinating Minister for Airlangga: The Silicon Valley Bank Case Is Not As Big As The 2008 Crisis The value of Indonesia's non-oil and gas exports to China fell again even though it was not as deep as the previous month. The total value of exports to China was US$ 5.04 billion, down 4% compared to the previous month. However, the decline was not as deep as January's 9%. The decline in exports mainly occurred in iron and steel, mineral fuels, ore, slag and metal ash, as well as nickel and goods thereof. On the contrary, some commodities whose export value has increased, namely animal or vegetable oil and pulp and wood. However, imports from China in the same month fell more sharply so that there was a considerable surplus. The value of non-oil and gas imports from China amounted to US$ 4.04 billion, down 24.1% in a month. "The biggest decline was in machinery commodities, electrical equipment and parts, mechanical equipment and parts, and iron and steel," Habibullah said. Although exports and imports with China fell, the country is still the largest share of Indonesia's trade. Imports from China accounted for 30% while exports to China accounted for nearly a quarter of the total. Indonesia's overall trade balance recorded a surplus of US$ 5.48 billion. The value of exports shrank by 4.15% compared to the previous month, but the decline in imports was deeper at 13.68%. The trade surplus occurred in Indonesia's three main trading partners, with the largest surplus with the United States at US$ 1.33 billion, followed by India at US$ 1.08 billion and China at US$ 999.8 million. In contrast, Indonesia experienced the largest deficit with Australu at US$ 400 million, followed by Thailand at US$ 342 million and Brazil at US$ 158 million.

https://katadata.co.id/agustiyanti/...us-dagang-us-1-m-dengan-cina-ini-pendorongnya

 

[Zinan 二]

The trade surplus occurred in Indonesia's three main trading partners, with the largest surplus with the United States at US$ 1.33 billion

we have large surplus with US...