Indonesia Indonesian Economy News and Updates

[Bungaterakhir]

Opening Hannover Messe Digital edition 2021 - Live streaming #HMI2021

The Hannover Messe is one of the world's largest trade fairs. It is held on the Hanover Fairground in Hanover, Germany. Typically, there are about 6,500 exhibitors and 250,000 visitors. Hannover messe 2021 official partner country is indonesia after 26 years ago.

Live streaming :

 

[trishna_amrta]

China: Tencent Open Data Center in Indonesia, Telkom Adds More
source : Link

JAKARTA (TheInsiderStories) – Tencent Cloud International, the cloud business from China, launched the first internet data center (IDC) in the capital city of Indonesia, growing infrastructure network spanning across 27 regions and 61 availability zones. While, telco operator, PT Telkom Indonesia Tbk (IDX: TLKM), opened a new data center in Ulin, Banjarmasin, South Kalimantan.

The state-owned firm has inaugurated the Neutral Cloud & Internet Exchange (neuCentrIX) data center last week, a second data center in the Kalimantan region. The facility has a capacity of 29 racks, and the company hopes to accommodate government, internet service providers, and startup customers.

According to director of Telkom, Dian Rachmawan, his company has built 18 neuCentrIX facilities in 13 cities across Indonesia. While, Tencent Cloud has beefed up its global push over recent years amid rising overseas demand and fierce competition domestically.

The unit of Tencent Holdings, said the data center is intended to strengthen the company’ commitment to meet the growing business needs in Indonesia and Asia. According to Poshu Yeung, SVP of Tencent Cloud, said Indonesia is one of the fastest growing public cloud markets in Asia Pacific with a CAGR of 25 percent and market size growth is expected to increase to US$800 million by 2023.

“With a larger population of young people, Indonesia has a large internet demographic dividend with a fast growing mobile internet market. We are very pleased to be able to launch our first IDC in Indonesia to help maximize the optimal potential of cloud computing in this country,” he noted.

Beside Tencent, other global company such as Microsoft Corp., (NASDAQ: MSFT) and Amazon Web Services is also building a data center in West Java which is targeted to be completed this year. Google LLC also launched the Google Cloud Platform region in Jakarta in June 2020 with hope that Indonesia can become a data center hub in Asia.

Indonesia, South Africa Establish Textile Joint Venture Company
source : Link

Opening Hannover Messe Digital edition 2021 - Live streaming #HMI2021

The Hannover Messe is one of the world's largest trade fairs. It is held on the Hanover Fairground in Hanover, Germany. Typically, there are about 6,500 exhibitors and 250,000 visitors. Hannover messe 2021 official partner country is indonesia after 26 years ago.

Live streaming :

I won't read too much if any of these feel good news.

Bisa muntah nanti kalau kamu paham kenyataan di lapangan nya seperti apa

 

[Gundala]

Bisa muntah nanti kalau kamu paham kenyataan di lapangan nya seperti apa

thats the thing some guys dont even have a clue on whats going on in real & current situation. Some things can be worth expecting but others just going to be another paper project that we would not be able to execute. Sometime its frustrating, its like the more you know the more you become pesimistic in a way....

 

[Ravager]

Like one of my worker used to say .... Keinginan dengan kenyataan ngga ngopi bareng mas !!

 

[trishna_amrta]

thats the thing some guys dont even have a clue on whats going on in real & current situation. Some things can be worth expecting but others just going to be another paper project that we would not be able to execute. Sometime its frustrating, its like the more you know the more you become pesimistic in a way....

More like pragmatic. I've been in many sides of the equation. I've been in the end user side and also nowadays in private contractor side

 

[Bungaterakhir]

Exports hit 10-year record of $18.35 bln in March​

source : Link

Jakarta (ANTARA) - Indonesia’s exports in March, 2021 reached a record US$18.35 billion, a level only breached in August, 2011, when the figure was recorded at US$18.64 billion, according to the Central Statistics Agency (BPS).

High demand from several countries and an increase in exports of Indonesia’s key commodities had a great impact on export performance in March this year, BPS chief Suhariyanto said during an online press conference in Jakarta on Thursday.

Data provided by the BPS shows the value of Indonesia’s exports in March, 2021 reflected an increase of 20.31 percent compared with February, 2021 and 30.47 percent compared with March, 2020.

“So, the growth has been very encouraging since it rose month-on-month and year-on-year,” the BPS chief said.

Exports rose 20.30 percent month-on-month, fueled by an increase in the export of oil/gas and non-oil/non-gas commodities. Non-oil/non-gas exports alone rose 21.21 percent.

On a yearly basis, Indonesia’s exports surged by an impressive 30.47 percent, driven by a 38.67-percent rise in the export of oil and gas commodities and a 30.07 percent growth in the export of non-oil/non-gas commodities, Suhariyanto disclosed.

Positive export growth was recorded in all sectors, including oil and gas, agriculture, manufacturing, and mining. On a monthly basis, the oil and gas sector grew 5.28 percent, agriculture rose 27.06 percent, manufacturing increased 22.37 percent, and mining and other activities rose 13.68 percent.

Exports also showed a positive year-on-year growth, with the oil and gas sector growing 38.67 percent, agriculture rising 25.04 percent, manufacturing increasing 33.45 percent, and mining and others rising 11.95 percent. (INE)

Indonesia Has a New Unicorn Startup, Its Name is J&T Express​

source : Link

Jakarta, CNBC Indonesia – It turns out that Indonesia already has 5 startups with unicorn status (valuation above US $ 1 billion). The newest startup to hold this status is J&T Express.

The report revealed that J&T Express’s valuation had touched US $ 7.8 billion. This valuation beat Tokopedia (US $ 7 billion), Bukalapak (US $ 3.5 billion), Traveloka (US $ 3 billion), OVO (US $ 2.9 billion). J&T Express only lost to Gojek which has a valuation of US $ 10 billion.

 

[Bungaterakhir]

The Power Division, through the Turbine Component Factory in Cilegon, exported power plant components on Friday, April 16, 2021. This time, PT Barata Indonesia (Persero) exported the components of the Silo Combustion Chamber power plant to Zhoushan, China.

The main component of the gas turbine (Combustion Chamber) will be used in Zhejiang Petrochemical Co.'s Zhoushan GT 20 project. Ltd. Do you know #baratizen, all components are made using high quality steel raw materials supplied by local companies. This is in line with the company's mission to continue to improve the competitiveness of the national manufacturing industry through a commitment to the use of high local content.

 

[Madokafc]

China ready to invest US$1.38 billion in Indonesia: envoy​

17th Apr 2021 04:25

Pontianak, W Kalimantan (ANTARA) - China has confirmed plans to invest US$1.38 billion in Indonesia, especially West Kalimantan, Indonesian Ambassador to China and Mongolia, Djauhari Oratmangun, informed on Friday.



"So far, China has invested much in West Kalimantan. This year, (Chinese) investors plan to invest in Indonesia, particularly in West Kalimantan and Batang district, Central Java. The value of investments in the furniture industry will reach US$1.38 billion," he disclosed at an international webinar on China-West Kalimantan's economic potential.



A Chinese business delegation is scheduled to visit West Kalimantan and Central Java in April or May, 2021, he said.



"Surely, the investment will offer a chance for the regions to advance and build trade cooperation (with China)," he remarked.



West Kalimantan currently accounts for 10.13 percent of Indonesia's exports to China, he pointed out.



"Interestingly, Indonesia’s exports (to China have) increased, with West Kalimantan contributing a significant 10.13 percent (of the total exports to China). With the increase, we have been able to reduce problems related to Indonesia-China trade," he added.



Indonesia ranks fourth among ASEAN member states exporting to China, he said.



"During the pandemic, Indonesia-China relations remained good. Chinese investment in Indonesia reached US$4.8 billion in 2020," he noted.



Indonesia's exports to China also rose 15 percent in 2020 compared to a year earlier, he said.



"Last year, Indonesia recorded a 15-percent increase (in its exports to China). (The export of) key commodities rose, with iron and steel exports swelling 136.52 percent, paper and paperboard jumping 133.25 percent, and tin and products skyrocketing 544.07 percent," he added.



The total trade between the two countries topped US$78.48 billion during the period, he said.



Related news: Erick Thohir, China's SASAC discuss SOE cooperation

Related news: Indonesia clocks Rp405 million from sales at China food expo

Translated by: Dedi/Yunita/Suharto
Editor: Gusti Nur Cahya Aryani

China ready to invest US$1.38 billion in Indonesia: envoy

China has confirmed plans to invest US$1.38 billion in Indonesia, especially West Kalimantan, Indonesian Ambassador to China and Mongolia, Djauhari ...

en.antaranews.com

 

[Madokafc]

Exports hit 10-year record of $18.35 bln in March​

15th Apr 2021 18:34

Jakarta (ANTARA) - Indonesia’s exports in March, 2021 reached a record US$18.35 billion, a level only breached in August, 2011, when the figure was recorded at US$18.64 billion, according to the Central Statistics Agency (BPS).

High demand from several countries and an increase in exports of Indonesia’s key commodities had a great impact on export performance in March this year, BPS chief Suhariyanto said during an online press conference in Jakarta on Thursday.

Data provided by the BPS shows the value of Indonesia’s exports in March, 2021 reflected an increase of 20.31 percent compared with February, 2021 and 30.47 percent compared with March, 2020.

“So, the growth has been very encouraging since it rose month-on-month and year-on-year,” the BPS chief said.

Exports rose 20.30 percent month-on-month, fueled by an increase in the export of oil/gas and non-oil/non-gas commodities. Non-oil/non-gas exports alone rose 21.21 percent.

On a yearly basis, Indonesia’s exports surged by an impressive 30.47 percent, driven by a 38.67-percent rise in the export of oil and gas commodities and a 30.07 percent growth in the export of non-oil/non-gas commodities, Suhariyanto disclosed.

Positive export growth was recorded in all sectors, including oil and gas, agriculture, manufacturing, and mining. On a monthly basis, the oil and gas sector grew 5.28 percent, agriculture rose 27.06 percent, manufacturing increased 22.37 percent, and mining and other activities rose 13.68 percent.

Exports also showed a positive year-on-year growth, with the oil and gas sector growing 38.67 percent, agriculture rising 25.04 percent, manufacturing increasing 33.45 percent, and mining and others rising 11.95 percent. (INE)

Related news: Indonesia books trade surplus of US$1.57 billion in March 2021

Related news: Ex-Minister draws attention to diplomacy practice impaired by COVID-19

EDITED BY INE



Translated by: Sella Panduarsa G/Suharto
Editor: Fardah Assegaf

Exports hit 10-year record of $18.35 bln in March

Indonesia’s exports in March, 2021 reached a record US$18.35 billion, a level only breached in August, 2011, when the figure was recorded at US$18.64 ...

en.antaranews.com

 

[Madokafc]

Indonesia is world's largest biodiesel producer: Hartarto​

26th Apr 2021 17:48

Jakarta (ANTARA) - Indonesia is globally the largest producer of biodiesel, with daily output touching 137 thousand barrels, which is much higher compared to the United States, Brazil, and Germany, Coordinating Minister for Economic Affairs Airlangga Hartarto said.



"Indonesia is the largest biodiesel producer in the world, with a capacity of 137 thousand barrels of oil per day. Meanwhile, the United States (is next) with 112 thousand barrels, Brazil with 99 thousand barrels, and Germany with 62 thousand barrels of oil per day," the minister disclosed at an online discussion originating from Jakarta on Monday.



This success has positioned Indonesia as a country to be reckoned with in the world biodiesel market, he said.



Biodiesel is a biofuel comprising a mixture of methyl ester compounds of long-chain fatty acids, and is used as an alternative fuel in diesel engines.



Indonesia uses crude palm oil, or CPO, as the main raw material for producing biodiesel. It chose palm oil because its cultivators are well-established considering Indonesia's position as the second largest producer of palm oil in the world, Hartarto said.



Scientists are mixing 30 percent of palm oil into diesel oil to make B30, which is being used to increase national energy security and independence, increase the added value of the palm oil industry, reduce consumption of imported fuel oil, and cut greenhouse gas emissions, the minister added.



"In the framework of climate change, Indonesia is committed to reducing greenhouse gas emissions by 29 percent from business as usual, and 41 percent with international assistance by 2030," he reiterated.



Indonesia has been producing biodiesel for quite some time. In 2008, the country’s commercial biodiesel production reached 630 thousand kiloliters, with consumption pegged at 23 thousand kiloliters. Most of the production at the time was export-oriented.



Every year, Indonesia’s biodiesel production rate has experienced positive growth — with output surging 300 percent to 8.5 million kiloliters in 2020 from 3 million kiloliters in 2016.

President director of the Palm Oil Plantation Fund Management Agency (BPDP-KS), Eddy Abdurrachman, said the increase in the market index price for palm oil from time to time has resulted in the rise in the price of biodiesel, which tends to be more expensive than diesel.



"The price of CPO is increasing, while CPO is the main fuel for biodiesel, which causes the price of biodiesel to be relatively high compared to the price of diesel," Abdurrachman elaborated.



According to government projections, additional incentives for the mandatory biodiesel program this year will reach Rp46 trillion, in line with the huge gap between crude oil and palm oil prices. (INE)


Related news: Indonesia posts 4.3-percent rise in investment realization in 2021 Q1

Related news: Bank Indonesia raises global economic growth forecast to 5.7 percent

EDITED BY INE

Translated by: Sugiharto, Azis Kurmala
Editor: Fardah Assegaf

Indonesia is world's largest biodiesel producer: Hartarto

Indonesia is globally the largest producer of biodiesel, with daily output touching 137 thousand barrels, which is much higher compared to the United States, ...

en.antaranews.com

 

[NEKO]

Gojek and Tokopedia announce Indonesia's 'largest ever' merger

Combined entity expected go public later this year under dual listing format

asia.nikkei.com

 

[Madokafc]

Indonesia, Uzbekistan explore investment in fertilizer industry​

24th May 2021 13:11

Jakarta (ANTARA) - Indonesia and Uzbekistan are exploring prospects to bolster economic cooperation, including investment in the fertilizer industry, according to the Industry Ministry.

"We encourage collaboration between Indonesia’s and Uzbekistan’s industrial players, for instance, in the fertilizer industry sector. This effort is expected to boost competitiveness," the ministry's Director General of Chemical, Pharmaceutical, and Textile Industry (IKFT), Muhammad Khayam, stated here on Monday.

The ministry recently sent a trade mission, accompanied by Deputy House Speaker Rachmat Gobel, concurrently a prominent businessman, along with several other legislators to Uzbekistan.

"There are opportunities for broader economic cooperation between Indonesia and Uzbekistan for spurring trade balance between the two countries," he affirmed.

Uzbekistan, located in Central Asia, is a strategic trade partner of Indonesia, and it has been experiencing rapid economic progress, Khayam stated.

The Indonesian delegation spotted an opportunity for Uzbekistan to supply raw materials, such as potassium chloride (KCl), required for the fertilizer industry.

Indonesia is not a KCl producer country and has, so far, imported it from Russia, Canada, and Laos.

KCl is additionally used as an auxiliary material in the food, beverage, and medical industries.

"In future, we can import this material from Uzbekistan or we are strive to attract their investment to Indonesia," he remarked.

The Samarkand NPK plant in Uzbekistan has an annual capacity of 250 thousand tons. All NPK raw materials come from local sources, with gas in Uzbekistan priced at around US$2.2 per MMBTU.

"In addition, there is the Uz-Potash (KCl industry), with a capacity of 600 thousand tons," Khayam pointed out.

KCl from Uzbekistan has been recognized by the fertilizer industry in Indonesia, such as PT Pupuk Indonesia (Persero), and PT Sentana Adidaya Pratama.

Rachmat Gobel, concurrently the House of Representatives’ (DPR’s) deputy chairman in charge as the coordinator for Industry and Development (Korinbang), pointed to opportunities to establish cooperation in the agro-industry sector.

There is demand for tropical fruits, including bananas, dragon fruit, avocado, and coffee, in Uzbekistan for the consumption of its citizens and to support its industry, he remarked.

"Hence, I want to encourage sister city cooperation between cities in Uzbekistan and regions in Indonesia that produce tropical fruits," he stated.

Gobel cited as an example that Lumajang District in East Java Province, which is a banana-producing region, could look for a district or city in Uzbekistan to establish twin city cooperation.

"Regions and other cities that produce dragon fruit and coffee can also do the same," he remarked.

Related news: Information exchange improves understanding between Indonesia, Uzbekistan
Related news: Uzbekistan, Indonesia have solid basis to strengthen ties: envoy

EDITED BY INE

Translated by: Risniani F, Fardah
Editor: Suharto

 

[trishna_amrta]

Indonesia, Uzbekistan​

Always love those Uzbek working girls

 

[Madokafc]

Indonesian, Taiwan firms design laptops to back school digitalization​

25th May 2021 20:08

Jakarta (ANTARA) - Local computer producer Zyrex has said it is working with a design and manufacturing service company from Taiwan, Pegatron, to create high-quality laptops to support the digitalization of schools and the Made in Indonesia movement.

"As a true local brand, we are excited and proud to be able to participate in the digitalization program for schools and the #BanggaBuatanIndonesia (Indonesian Made Pride) campaign," Zyrex CEO Timothy Siddik said in a statement issued on Tuesday.

Zyrex is cooperating with Taiwan’s Pegatron Corporation to improve the quality of local products and ensure higher competitiveness, he informed.

Pegatron is expected to provide support in terms of design, manufacture, and technical services for producing high-quality laptops, he added.

"We hope (through) the cooperation (we) can become the main provider in laptop distribution in the digitalization of schools," Siddik remarked.

He said he has also registered to become local principal at the National Public Procurement Agency as a provider of computer products, laptops, and other information technology products.

Currently, the company has the largest number of sales and after-sales service points, reaching over 440 locations throughout Indonesia, he disclosed.

CTO and senior VP of Pegatron, Steve Huang, said his company is ready to provide technical support to the local company to help it become more competitive.

"Our engineers and technicians will provide full technical support and work together to work on the very large ICT market in Indonesia," Huang added. (INE)

Related news: Leuphana "Digital School" Launches in 91 Countries
Related news: Accelerating digitalization important amid pandemic: UI rector

EDITED BY INE







Translated by: Hanni Sofia/Aria Cindyara
Editor: Suharto

 

[trishna_amrta]

Indonesian, Taiwan firms design laptops to back school digitalization​

25th May 2021 20:08

Jakarta (ANTARA) - Local computer producer Zyrex has said it is working with a design and manufacturing service company from Taiwan, Pegatron, to create high-quality laptops to support the digitalization of schools and the Made in Indonesia movement.

I had a mix of vomiting (muntah) + laughing reading this

"As a true local brand, we are excited and proud to be able to participate in the digitalization program for schools and the #BanggaBuatanIndonesia (Indonesian Made Pride) campaign," Zyrex CEO Timothy Siddik said in a statement issued on Tuesday.

Meaning, Zyrex will be bidding gov't education project with their infamous subpar products at mid-high range price range. Proudly stamped with "Karya Anak Bangsa". Example offering laptop with Intel N5100 at the same price of that powered by Intel i3 of the same generation. Or if they playing it smooth, they use 8th generation Intel i3 but selling it at the same price of the 11th Gen Intel i3

He said he has also registered to become local principal at the National Public Procurement Agency as a provider of computer products, laptops, and other information technology products.

And this is what this all about

 

[Madokafc]

I had a mix of vomiting (muntah) + laughing reading this


Meaning, Zyrex will be bidding gov't education project with their infamous subpar products at mid-high range price range. Proudly stamped with "Karya Anak Bangsa". Example offering laptop with Intel N5100 at the same price of that powered by Intel i3 of the same generation. Or if they playing it smooth, they use 8th generation Intel i3 but selling it at the same price of the 11th Gen Intel i3


And this is what this all about

You know this "Karya Anak Bangsa" gimmick kinda worrisome at many case and level, without clear cut how much percentage of local content produced in Indonesia and also included the working hourse of the worker or not as percentage of local content can be categorized as Made In Indonesia, many layman person would be trapped by this kind of semantic

 

[Var Dracon]

I had a mix of vomiting (muntah) + laughing reading this


Meaning, Zyrex will be bidding gov't education project with their infamous subpar products at mid-high range price range. Proudly stamped with "Karya Anak Bangsa". Example offering laptop with Intel N5100 at the same price of that powered by Intel i3 of the same generation. Or if they playing it smooth, they use 8th generation Intel i3 but selling it at the same price of the 11th Gen Intel i3


And this is what this all about

Well it's called Indonesian quality (Indonesia gitu loh)

The same goes for Anoa and Badak

 

[R4duga]

there used to be a project like that called as E-Sabak while the govt are trying to implement the 2013th curriculum (kurtilas) back then , and it's turn out to be a waste and mess ...... i don't know where all that laptop and tablet is going now ..... even my nephew said the custom computer on the lab assembled by their TIK teacher are far more better performing .....

 

[Var Dracon]

there used to be a project like that called as E-Sabak while the govt are trying to implement the 2013th curriculum (kurtilas) , and it's turn out to be a waste and mess ...... i don't know where all that laptop and tablet is going now ..... even my nephew said the custom computer on the lab assembled by their TIK teacher are far more better performing .....

Oh I've seen this one. If lucky those computers are rusting in some corner of the school/institution.

If not lucky maybe they sell it (well for this I don't know, I have never seen they sell one, so don't take this one as factual).

 

[R4duga]

well , some ..... or either most of indonesian "awam" / public still can easily fascinated or amazed and get their mind subsconsciously support any project or plan that have "istilah wah/ cool foreign terms or definition" , that's why i see the project that got too much tagar or "wah" definition on it are only for political leverage ....

karya anak bangsa , industri 4.0 , pengaplikasian big data , IoT , school digitalization ... with all that pejabat spouting all the wah definition and term in public seminar which are filled with commoner .........