Indonesia Indonesian Economy News and Updates

[schuimpjes]

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

After what happened few days ago, the leaks of personal datas, that just made me sceptical or even cynical towards the government's cyber things. 200 million-ish data were leaked. Like WTF.... that almost or if not, the whole country registrated populations. SHAME ON INDONESIA !!!, our country is amateur even compared to private companies.

Deep in my heart, I want to move to US or Holland so bad . Don't have to end with citizenship, at least green card or Dutch equivalent of that.
#curhat
#bloatedbrainfilledwithdreamsexplode

 

[Bungaterakhir]

ASEAN Manufacturing Sector Continues on Its Recovery Path
source : Link

Jakarta: The ASEAN manufacturing sector continued on its recovery path during May, according to latest IHS Markit Purchasing Managers’ Index (PMI™) data.

The headline PMI registered 51.8 in May, down only slightly from 51.9 in April, to signal a third straight monthly improvement in ASEAN manufacturing conditions and one that was the second strongest since July 2014.

"The ASEAN manufacturing sector continued to recover during May, with sustained upturns in both output and new work. The rates of growth cooled slightly on the month, but were still strong overall," said IHS Market Economist Lewis Cooper in a press release issued on Wednesday.

"Supply chains remained under severe pressure, however, with delays the most widespread for a year, while input prices again rose at the most marked rate since November 2013," Cooper added.

At the national level, growth was led by Indonesia in May. The headline PMI hit a series record high of 55.3 and pointed to a sharp improvement in conditions. Sustained growth was also
recorded in Vietnam, although the headline figure slipped slightly from April's near two-and-a-half-year high. Nonetheless, at 53.1, the PMI was indicative of solid growth.

Singapore meanwhile saw a return to growth, following a slight decline during April. The headline index (51.7) was the highest for three months and signalled a mild improvement in
manufacturing conditions overall. The only other constituent nation to see growth in May was Malaysia. Here, the headline index remained above 50.0 for the second month running,
although the rate of growth eased noticeably on the month (PMI at 51.3).

Elsewhere, manufacturing conditions were broadly stable in the Philippines following a contraction in April, with the headline PMI registering only just below the 50.0 mark at 49.9.
Thailand meanwhile saw a renewed deterioration during May, with the headline figure falling to a three-month low of 47.8.

Finally, the downturn in Myanmar continued midway through the second quarter. The rate of contraction slowed for the second month in a row, but remained severe overall (PMI at 39.7).

 

[Bungaterakhir]

JKT-BDG High Speed Railway l Section III, May 2021.

 

[Bungaterakhir]

Minister Inaugurates Merakes Gas Project in East Kalimantan
source : Link

Jakarta: Energy and Mineral Resources Minister Arifin Tasrif inaugurated the Merakes gas field development project, with an investment value of US$1.3 billion, in East Sepinggan, off the coast of East Kalimantan, on Tuesday.

"Development of the Merakes field supports an increase in production, so that it can meet the domestic gas demands," Minister Tasrif noted in a statement here on Tuesday.

The Merakes gas project will come onstream in April 2021 and will deliver 368 million standard cubic feet per day (MMSCFD) of gas at peak production.

The Merakes gas project, implemented by the KKKS Eni East Sepinggan, is a deep sea gas field development project off the coast of Kutai Basin, with a water depth of approximately 1,500 meters.

The project will hold the record for the longest undersea tie-back to its main facility of over 40 kilometers.

VP Amin inaugurates 1,014 Community-based Vocational Training Centers
Source : Link

Jakarta (ANTARA) - Vice President Ma'ruf Amin inaugurated 1,014 Community-based Vocational Training Centers (BLKs) for 2020 during the "National Conference on Vocational and Entrepreneurship" at the Cipasung Islamic Boarding School, Tasikmalaya, West Java Province, on Tuesday.

"In 2020, the Ministry of Manpower had built 1,014 Community-based Vocational Training Centers (BLKs), bringing the total number of completed Community BLKs to 2,127, spread across Indonesia," Vice President Amin noted in Tasikmalaya, West Java, on Tuesday.

 

[Bungaterakhir]

President Joko Widodo or Jokowi tested the Greater Jakarta LRT or Jobodebek (Jakarta, Bogor, Depok, Bekasi) LRT from the Harjamukti Station, Cibubur, to the Taman Mini Indonesia Indah (TMII) Station. Jokowi pointed out that the Jabodebek LRTs were all made by SOEs.

The companies responsible for the project are train manufacturer PT Industri Kereta Api (INKA), construction company PT Adhi Karya, electronic manufacturers PT Len Industri, and railway company PT Kereta Api Indonesia (KAI).
Minister of Transportation Budi Karya Sumadi said that such a collaboration will be applied in the construction of mass transportation modes in other big cities.

The 44.43 km LRT construction has reached 84.6 percent completion. In April 2022, the Jabodebek LRT will be tested and targeted to officially become operational in June 2022 and integrated with other public transportation modes, such as trans-Jakarta, commuter line, MRT, and the most recently constructed Jakarta-Bandung high-speed train.

According to Jokowi, experience from a major construction like this is needed and will be the foundation of future projects. Jokowi voiced his hope of exporting the LRT project to other countries as Indonesia has already exported trains to Bangladesh and the Philippines.

 

[Bungaterakhir]

The Indonesian Ambassador in Dakar promoted electric motorcycle called GESITS, produced by PT WIKA Industri Manufaktur, in Senegal on June 8, 2021 at Promenade de Thiessois, Thiès.

The Indonesian Ambassador also conveyed his gratitude to the Director of Ndiaye Transport, Mr. Makhtar Ndiaye, who has supported the implementation of this activity. Ndiaye Transport, as a pioneer of modern motorbike taxi services in the city of Thies as well as the first GESITS motorbike user in Senegal.

This event also received a highly positive response from the people who attended, as reflected by more than 200 people who had filled out the GESITS motorbike order form. It is planned that at least 200 GESITS motorcycles will arrive in Senegal in the third quarter of this year.

According to Muhammad Nur Yuniarto, initiator of GESITS as quoted by Kumparan.com on June 8, GESITS has plan to open factory in Thiès, Senegal.

 

[Bungaterakhir]

NEW - Ngeloram Airport /Central Java - Progress

 

[Bungaterakhir]

The Minister of Investment / Head of the Investment Coordinating Board Bahlil Lahadalia with the Governor of Central Java Ganjar Pranowo laid the groundbreaking or groundbreaking of PT KCC Glass Indonesia in the Batang Integrated Industrial Estate (KIT), Central Java (Central Java), Thursday (20/05/2021).

 

[Madokafc]

Quite a funny tweet from our ambassador for Germany

https://twitter.com/i/web/status/1409042960298151939

 

[Bungaterakhir]

Mandalika Circuit - progress

[/B]

 

[Bungaterakhir]

Indonesia's largest plastic bottle recycling plant inaugurated
source : Link

Jakarta (ANTARA) - Industry Minister Agus Gumiwang Kartasasmita has inaugurated Indonesia’s largest polyethylene terephthalate (PET) bottle-to-bottle recycling plant built by PT Veolia Services Indonesia in collaboration with Danone-AQUA.

"The construction of a plastic bottle/PET recycling plant by PT Veolia Services Indonesia and (the decision by) Danone-AQUA (of) using (recycled) plastic waste (products) demonstrates the concrete commitment of the two companies to support sustainable development,” the minister said in a written statement released on Wednesday.

The plant has been built on 22 thousand square meters of land in the Pasuruan Industrial Estate Rembang (PIER), East Java, with the building itself covering an area of seven thousand square meters, Kartasasmita informed.

The construction of the recycling plant kicked off in March, 2019. Built at an estimated cost of Rp600 billion, the Veolia Indonesia plant has the capacity to produce 25 thousand tons of recycled plastic (RPET) meeting the best food security standard (food-grade quality) every year, the minister said.

The plant, which has employed more than 200 local workers, will use modern technology to separate caps and labels from bottles quickly, he added.

The construction of the recycling plant demonstrates the contribution of Veolia Indonesia and Danone-AQUA to social and environmental aspects, including the effort to make Indonesia cleaner, Kartasasmita remarked.

He said he hoped that investment in the plastic bottle recycling plant will strengthen the recycling ecosystem as well as the circular economy and boost plastic waste collection efforts in Indonesia.

The construction of the plastic bottle recycling plant also aligns with the government's efforts to achieve the target of reducing plastic in the sea by up to 70 percent by 2025, he added.

source : Link

Meanwhile PT Plasticpay Teknologi Daurulang, a digital social-based digital platform company which is also a business entity of PT Inocycle Technology Group Tbk (INOV), distribute plastic bottle waste collection facilities through Mini Collection Points (MCP) which have been spread over 84 points in the Tangerang City and Regency area. through Plasticpay targets to be able to install more than 1,400 MCP which will be distributed in the Greater Jakarta area.

 

[Bungaterakhir]

The Railway Industry (INKA) has received a contract from Kiwirail, a New Zealand state-owned railway company, to procure 262 containers of flat top wagons. The order completion process is estimated to take around 18-20 months.
source : Link

 

[Bungaterakhir]

Supporting Go-Online MSMEs, Surge This Year Builds 580 Edge Data Centers On Java Island
source : Link

JAKARTA - PT Solusi Sinergi Digital Tbk. (WIFI) or Surge is currently in preparation for the construction of thousands of edge data centers which will be spread across the island of Java. Carrying the concept of edge data center 1 or close to the location of the end user, thousands of these data centers will be established in a number of train stations and warehouses of Village Unit Cooperatives (KUD) spread throughout Java.

The first two locations of Surge's edge data center, namely Manggarai Station and Cikarang Station, will start operating in August 2021. As an initial stage, the company targets to present 580 edge data centers by the end of 2021.

Surge CEO Hermansjah Haryono said, “The growth of startups, entrepreneurship, and the growth of the digital economy cannot be separated from the support of connectivity and other digital infrastructure. Moreover, the growth of the digital economy in the future will be strongly supported by MSMEs, startups and people outside the Metropolitan City. This is of course in line with the government's national digital transformation acceleration agenda which focuses on infrastructure development and the digitization of MSMEs as well as the growth of local startups. Supported by the Surge ecosystem, such as large-capacity fiber optic cables along the railroad tracks and thousands of warehouse locations in collaboration with INKUD spread across Java, Surge's edge data center will be closer to the community and even reach small cities to provide fast connectivity, high quality and capacity.”

The expansion of fiber optic cooperation with PT KAI as well as the digitization of INKUD will utilize station and warehouse locations as edge data centers as Point of Presence (POP). Consisting of 580 train stations and 1000 KUD warehouses, the edge data center Surge will have two types of sizes, namely 2x3 meters and 4x6 meters containing data rooms with a total capacity of 2-20 racks (server racks) and a total electrical power capacity of 100 kWh - 300 kWh. The construction of this Tier 2 edge data center will have a backup power source equipped with a backup generator and Uninterruptible Power Source (UPS). (LM)

AKRA's JIIPE Gresik SEZ officially appointed as Technology & Manufacturing SEZ
source : Link

JAKARTA - The JIIPE Gresik Special Economic Zone owned by PT AKR Corporindo Tbk (AKRA.) and Pelindo III has been officially appointed as a Technology & Manufacturing SEZ through Government Regulation (PP) No. 71 of 2021 dated June 28, 2021, signed by the President of the Republic of Indonesia, Joko Widodo.

The appointment of JIIPE as a Technology & Manufacturing SEZ makes it one of the most competitive Industrial Estates and is in demand by industry players in this region. JIIPE Gresik SEZ is a National Strategic Object for Industry 4.0. It provides superior connectivity with multimodal transportation, connected deep sea ports, 1 stop complete utility, environmental permit with 1 door AMDAL, and fast construction permit through the KLIK facility.

SEZ status will provide additional incentives to investors. Among them are fiscal incentives including Income Tax, Customs and Excise. Non-Fiscal incentives include approval of 1-door permits and licenses, ease of traffic of goods, and flexibility in employment

Currently, SEZ Gresik JIIPE has 13 tenants from the chemical processing, food, construction, and smelter industries. With the status of the Technology & Manufacturing SEZ, the cluster will be organized into four types, namely production and processing, logistics and distribution, research, digital economy and technology development, and energy development.

Gresik JIIPE SEZ is equipped with 400 hectares of deep sea port area which is strategically located in the Madura Strait and part of the Surabaya Port Area. With a total pier length of 6,200 m, sea water depth of -16 m LWS, JIIPE Gresik SEZ can serve ships up to 150,000 DWT. This port has been operating since 2015, and is targeted to handle cargo up to 6 million MT per year. Currently the port has entered the 2nd phase of development: Jetty expansion from 30x250 m to 50x500 m. (LM)

 

[Bungaterakhir]

Progress 2/07 : Centrale Stichting Wederopbouw (CSW) intersection/ Jakarta.
The integration of the CSW intersection will include the development of a connecting stop for the MRT station and the CSW Transjakarta shelter on the elevated 13th corridor, which connects Tendean in South Jakarta with Ciledug in Tangerang, Banten.

 

[trishna_amrta]

Quite a funny tweet from our ambassador for Germany

https://twitter.com/i/web/status/1409042960298151939

Those commie are practising protectionist and covering it up with their usual hypocrisy.

 

[Gundala]

Those commie are practising protectionist and covering it up with their usual hypocrisy.

LOL Yea, some people need to realize that in International relations there is no such a thing as free lunch. Give n take, trade off, are needed to get what we want. You want investment? You better be ready to shoulder some of their workers, their materials, their loan, etc. Its a matter of how we calculate the trade off and balance sheet. China, Europe, Japan, Korea, etc, they all do that kind of move. Its up to us and our leverage to counter it, and sometime we need lobbyist as well to get what we want .

 

[Madokafc]

LOL Yea, some people need to realize that in International relations there is no such a thing as free lunch. Give n take, trade off, are needed to get what we want. You want investment? You better be ready to shoulder some of their workers, their materials, their loan, etc. Its a matter of how we calculate the trade off and balance sheet. China, Europe, Japan, Korea, etc, they all do that kind of move. Its up to us and our leverage to counter it, and sometime we need lobbyist as well to get what we want .

Don't forget the Russian Lol

 

[Gundala]

Don't forget the Russian Lol

LOL yea lets not forget Russian and lets add Ukraine in the list. G to G might be easier but B to B you might have to deal with something other then the govt. I was surprised to hear "rumour" that this non governmental body also have office representative in one of the elite office district in Jakarta.

 

[Madokafc]

PERTAMINA INTERNATIONAL TAKES DELIVERY OF JAPANESE-BUILT VLCC​

By Baird Maritime - April 19, 2021

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Indonesia’s Pertamina International Shipping recently took delivery of a new very large crude carrier (VLCC) from Yokohama-based Japan Marine United (JMU).
Named Pertamina Prime, the Malaccamax newbuild has an LOA of 330 metres, a beam of 60 metres, a draught of 21.58 metres, a deadweight of 301,781 tonnes, and space for 30 crewmembers. Power is provided by one MAN B&W 7G80ME-C9.5-HP electronically-controlled diesel engine.
Equipment includes a SOx scrubber and an SCR system that ensures compliance with IMO Tier III NOx regulations. To further improve operating efficiency, a large-diameter propeller has been fitted while low-friction paint was used on the hull.
The vessel is classed by ABS and is sailing under the Panamanian flag.
Pertamina Prime is a near identical sister of Pertamina Pride, which was delivered by JMU earlier this year.

 

[Madokafc]