An uncertain global economy has put pressure on Indonesia’s economy, as the yearly inflation rate grew in August for the first time since January over surging gold prices, while export growth slowed due to sliding global demand.
Last month, investors worldwide sold risky assets and shifted to safe havens amid mounting worries of a global economic slowdown, pushing up gold prices by 12.3 percent during August to break the historic US$1,900 per troy ounce price level.
Central Statistics Agency (BPS) chairman Rusman Heriawan said on Monday that massive spending on gold had driven up gold’s contribution to August’s headline inflation rate by 20 percent.
Headline inflation reached 0.93 percent during the month, and the year-on-year consumer prices index (CPI) picked up 4.79 percent during Ramadhan, the time of year when consumption is typically at its peak as over 200 million people observe the fasting month.
Core inflation — the primary measurement of the country’s inflation rate, which includes gold but excludes volatile food and government-controlled prices — accelerated faster than headline inflation to 5.15 percent, well above Bank Indonesia’s 5 percent threshold.
“Core inflation will stay at above 5 percent in September because gold prices are trending up,” Rusman told reporters after a news conference at his office.
The increases in headline and core inflation should be a seasonal concern and are not developments that need to be responded to with monetary policy tightening, according to economists.
“The increase in core inflation is not across the board. The impact of the gold prices increase is small, as gold is not a primary or secondary need for the people,” Eric Sugandi, an economist at Standard Chartered Bank Indonesia, told The Jakarta Post over the phone.
The central bank’s six-member board of governors will meet on Thursday to determine a move on Bank Indonesia’s (BI) 6.75 percent benchmark rate.
Bank Mandiri chief economist Destry Damayanti said BI should let the rupiah strengthen to provide cheaper imported products and calm inflationary pressures.
“In August, there was no help from lower import prices to offset the surge in gold prices,” Destry told the Post in a telephone interview. The rupiah depreciated 1.1 percent in August after appreciating 5.8 percent in the previous seven months of this year.
A stronger rupiah, which closed at Rp 8,539 against the greenback on Monday, has helped lower prices of imported products, resulting in an import boom that may hurt Indonesia’s net exports, a contributor to the country’s economic growth.
Rusman announced that the surplus in the nation’s trade balance fell to $1.36 billion in July, its lowest level so far this year, halving June’s surplus of more than $3 billion. “The trade surplus narrows as exports slide and imports surge,” he added
Exports slowed 5.23 percent in July as compared to June, reaching $17.43 billion, while imports grew 6.57 percent to $16.06 billion.
Rusman attributed the decrease in exports to a $1.1 billion decline in crude palm oil (CPO) exports and slowing demand from Indonesia’s second- and third-largest export destinations: the US and Japan.
Cumulatively, year-on-year exports’ 36.51 growth was still faster than the 31.87 percent in import growth during the January-July period.
Export value reached $116.04 billion in the first seven months of this year, on track to meet the Trade Ministry’s $200 billion target, while imports topped $99.64 billion.
BI governor Darmin Nasution said increasing fuel imports and a slight slowdown in global demand may continue to pressure the nation’s current account — which includes trade balance — to book deficits starting in the fourth quarter of this year. “The fluctuation in the current account will be greater.”
“If the current account books a deficit, we will need capital inflows” to maintain a surplus in the nation’s balance of payment to build up the central bank’s foreign exchange reserves, he added.
Esther Samboh, The Jakarta Post, Jakarta
Tuesday, September 6, 2011
Wednesday, August 17, 2011
Toshiba to Design LCD TVs in Indonesia
TOKYO, KOMPAS.com -Toshiba Corp. will begin designing LCD televisions for local markets in India, Indonesia and Vietnam in October as it attempts to mount a challenge against Samsung Electronics Co. and other South Korean rivals, The Nikkei reported early Tuesday.
The electronics giant launched an LCD TV brand for emerging countries in 2010 under the name Power TV. The brand's lineup currently includes products with built-in storage batteries for areas plagued by frequent blackouts and models with signal-boosting and noise-reducing functions.
Power TV models are now sold in Southeast Asia, India, the Middle East and Africa. In some Southeast Asian countries, its market share has roughly doubled to around 20%.
Its current offerings share common specifications across different markets, but Toshiba will start changing designs, functions and features for individual markets to better meet local needs. The firm will also consider adding functions, such as connectivity with mobile phones and other digital devices.
LCD TV design divisions are already up and running in India, Indonesia and Vietnam with around 10 staff members each. In India, the workforce will be raised to around 30 by the end of fiscal 2012 to enable the development of new products and software. In addition to TVs, the design divisions will handle notebook computers. At the same time, the company might design TVs at its personal computer development division in the Chinese province of Hangzhou.
Toshiba has been developing LCD TVs for both the domestic and overseas markets at its Fukaya factory near Tokyo, except for some models destined for the U.S. and Europe.
The firm has set its sights on boosting its worldwide LCD TV sales to 25 million units by fiscal 2013, up 80% from fiscal 2010. It aims to have emerging countries account for 50% of its global TV sales in volume terms in fiscal 2013, compared with around 20% at present.
The electronics giant launched an LCD TV brand for emerging countries in 2010 under the name Power TV. The brand's lineup currently includes products with built-in storage batteries for areas plagued by frequent blackouts and models with signal-boosting and noise-reducing functions.
Power TV models are now sold in Southeast Asia, India, the Middle East and Africa. In some Southeast Asian countries, its market share has roughly doubled to around 20%.
Its current offerings share common specifications across different markets, but Toshiba will start changing designs, functions and features for individual markets to better meet local needs. The firm will also consider adding functions, such as connectivity with mobile phones and other digital devices.
LCD TV design divisions are already up and running in India, Indonesia and Vietnam with around 10 staff members each. In India, the workforce will be raised to around 30 by the end of fiscal 2012 to enable the development of new products and software. In addition to TVs, the design divisions will handle notebook computers. At the same time, the company might design TVs at its personal computer development division in the Chinese province of Hangzhou.
Toshiba has been developing LCD TVs for both the domestic and overseas markets at its Fukaya factory near Tokyo, except for some models destined for the U.S. and Europe.
The firm has set its sights on boosting its worldwide LCD TV sales to 25 million units by fiscal 2013, up 80% from fiscal 2010. It aims to have emerging countries account for 50% of its global TV sales in volume terms in fiscal 2013, compared with around 20% at present.
Indosat Posts Net Profit of Rp681.9 Billion
JAKARTA, KOMPAS.com - PT Indosat posted a net profit of Rp681.9 billion in the first half of 2011, up 137.5 percent from Rp287.1 billion in 2010, its president director said.
"The increase of in the net profit was generated by the increase of in the number of the company's cellular customers from 37.8 million in the first half of 2010 to 47.3 million in the first half of 2011," Indosat President Director Harry Sasongko, said here on Monday.
That Harry said up to June 2011, the company booked an income of Rp10.05 trillion, up 4 percent compared with the figure in the corresponding period a year Earlier the which was Rp9.661 trillion. He said That by taking into account the voluntary separation scheme (VSS) burden in the first half, the income before tax interest depreciation and amortization (EBITDA) reached Rp4.499 trillion, down 2.1 percent from the previous Rp4.59 trillion.
Thus, the firm posted an EBITDA margin amounting to 44.8 percent, down from 2.8 points from the previous 47.6 percent. The burden of corporate business in the June 2011 period jumped up from Rp8.061 trillion to Rp8.713 trillion, so was the case of the which the business profit was down 16.5 percent from Rp1.6 trillion to Rp1.337 trillion.
Harry said That of the total corporate income of Rp10.45 trillion, about Rp8.227 trillion CAME from the cellular business and Rp1.8 trillion from non-cellular phone services.
Wednesday, August 3, 2011
U.S. stocks end it Stronger
NEW YORK, KOMPAS.com - U.S. stocks closed higher on Wednesday as the Dow Jones Industrial Average ending an eight-day decline in a row.
The Dow index of 30 blue-chip stocks rose 29.82 points (0.25 percent) to close at 11896.44. The S & P 500 added 6.29 points (0.50 percent) to 1260.34, while the technology-heavy Nasdaq composite index rose 23.83 points (0.89 percent) to 2693.07 position. All three indexes have fallen more than two percent on Tuesday amid concerns about economic weakness in the United States and Europe. MasterCard shares jumped 13.4 percent Wednesday after the credit card giant reported second quarter earnings that beat estimates comfortable Wall Street. Technology shares also helped lift the market, with chip maker Intel rose 1.4 percent and Internet search giant Google was up 1.5 percent. Meanwhile, energy stocks fell as oil prices plunged to its lowest one-month of weak economic data pushed. ExxonMobil, Chevron lost 0.2 percent and declined 0.7 percent. Wednesday profit came despite a pair of reports showed that the U.S. economy slows.
ADP reported that 114,000 net jobs created by private non-farm businesses in the United States in July, less than in June, but better than analysts expected. And the Institute for Supply Management said its index of non-manufacturing activity fell to 52.7 last month, showed that the giant U.S. services sector grew by a snail's pace in July. A level of 50 indicates no growth.
"Economic numbers are bad for most of the week and a half ago and today there is no difference," said Michael James, senior equity trader Wedbush Morgan Securities.
The Dow index of 30 blue-chip stocks rose 29.82 points (0.25 percent) to close at 11896.44. The S & P 500 added 6.29 points (0.50 percent) to 1260.34, while the technology-heavy Nasdaq composite index rose 23.83 points (0.89 percent) to 2693.07 position. All three indexes have fallen more than two percent on Tuesday amid concerns about economic weakness in the United States and Europe. MasterCard shares jumped 13.4 percent Wednesday after the credit card giant reported second quarter earnings that beat estimates comfortable Wall Street. Technology shares also helped lift the market, with chip maker Intel rose 1.4 percent and Internet search giant Google was up 1.5 percent. Meanwhile, energy stocks fell as oil prices plunged to its lowest one-month of weak economic data pushed. ExxonMobil, Chevron lost 0.2 percent and declined 0.7 percent. Wednesday profit came despite a pair of reports showed that the U.S. economy slows.
ADP reported that 114,000 net jobs created by private non-farm businesses in the United States in July, less than in June, but better than analysts expected. And the Institute for Supply Management said its index of non-manufacturing activity fell to 52.7 last month, showed that the giant U.S. services sector grew by a snail's pace in July. A level of 50 indicates no growth.
"Economic numbers are bad for most of the week and a half ago and today there is no difference," said Michael James, senior equity trader Wedbush Morgan Securities.
After Unrest, Economic Activities in Jayapura Back to Normal
JAYAPURA, KOMPAS.com - All business and public office activities in Jayapura have resumed normal operations after unidentified gunmen early on Monday stabbed and shot dead three civilians and a serviceman near Nafri village, Papua.
The situation in Abepura, Jayapura and environs are (now) very conducive following the shooting and stabbing incident on Monday and street rally participated in by thousands of Peace Papua National Committee members on Tuesday. The urban mass transportations have also conducted their normal activities, said Maximus, driver of urban mass transportation.
A food stall owner in Abepura said the businessmen here have been accustomed to the situation of shooting and stabbing incident. According to the reliable sources, besides the four fatalities, seven others were wounded in the shooting and stabbing incident which occurred at 3.15 am East Indonesia Standard Time (WIT).
Of the seven injured victims, five were being treated intensively at Abepura Hospital and Bhayangkara Hospital. Hospital sources said the fatalities were identified as First Private Don Keraf (TNI official), Sardi, Wisman and Titin.
Meanwhile, Siti Aminah, one of the victims, said the shooting and stabbing were very unexpected and sudden when they were traveling on a car. After combing the crime scene Mobile Brigade and TNI officials, Jayapura resort police spokesman Adjunct Senior Commissioner Imam Setiawan said the shooting and stabbing were allegedly perpetrated by the outlawed TPN/OPM liberation army.
"I think the massacre committed by members of outlawed Free Papua Operation (OPM) movement because not far from the crime scene we found a Bintang Kejora flag," Setiawan said.
Shooting incidents had often occurred any time and any place in Papua. In April this year security guards of mining company PT Freeport Indonesia in Timika were killed as their car dumped to a ravine following a rampage.
The incident followed the same one the previous day when gunmen fired on a car, but the driver and a passenger survived. The victims, Dani Masawan and Hari Siregar, were killed after their car had an accident and were burned on street. Spokesman of PT Freeport Indonesia Ramdani Sirait confirmed the incident.
The situation in Abepura, Jayapura and environs are (now) very conducive following the shooting and stabbing incident on Monday and street rally participated in by thousands of Peace Papua National Committee members on Tuesday. The urban mass transportations have also conducted their normal activities, said Maximus, driver of urban mass transportation.
A food stall owner in Abepura said the businessmen here have been accustomed to the situation of shooting and stabbing incident. According to the reliable sources, besides the four fatalities, seven others were wounded in the shooting and stabbing incident which occurred at 3.15 am East Indonesia Standard Time (WIT).
Of the seven injured victims, five were being treated intensively at Abepura Hospital and Bhayangkara Hospital. Hospital sources said the fatalities were identified as First Private Don Keraf (TNI official), Sardi, Wisman and Titin.
Meanwhile, Siti Aminah, one of the victims, said the shooting and stabbing were very unexpected and sudden when they were traveling on a car. After combing the crime scene Mobile Brigade and TNI officials, Jayapura resort police spokesman Adjunct Senior Commissioner Imam Setiawan said the shooting and stabbing were allegedly perpetrated by the outlawed TPN/OPM liberation army.
"I think the massacre committed by members of outlawed Free Papua Operation (OPM) movement because not far from the crime scene we found a Bintang Kejora flag," Setiawan said.
Shooting incidents had often occurred any time and any place in Papua. In April this year security guards of mining company PT Freeport Indonesia in Timika were killed as their car dumped to a ravine following a rampage.
The incident followed the same one the previous day when gunmen fired on a car, but the driver and a passenger survived. The victims, Dani Masawan and Hari Siregar, were killed after their car had an accident and were burned on street. Spokesman of PT Freeport Indonesia Ramdani Sirait confirmed the incident.
Friday, July 29, 2011
XL Income Up 8 Percent
JAKARTA, KOMPAS.com - telecommunications operator PT XL Axiata, Tbk, reported on the performance of the first half of 2011 with revenues increased by 8 percent (year-on-year) to Rp 9.1 trillion. The increase in operating revenue sustained by the data service revenue growth of 47 percent, and norms zation and net profit of Rp 1.6 trillion.
While EBITDA reached Rp 4.8 trillion (up 7 percent), and EBITDA margin was steady at 52 percent at the end of June 2011. In addition the number of subscribers increased by 10 percent from 35.2 million in June 2010 to 38, 9 million in June 2011.
Increasing our revenue primarily from the data service revenues, which increased by 47 percent and contributed 21 percent to total revenue of our customers use, said the President Director of XL, Hasnul Suhaimi, Friday (29/07/2011) in Jakarta.
Hasnul said, there is great potential in business services related to changes in customer behavior data from the use of traditional services (conversational and SMS services) to the data service, so in the future, we will focus more on developing data services business by strengthening our overall department.
Over the past 12 months, t elah Excelcomindo also add as many as 4084 BTS BTS (2G/3G) in Indonesia, where 1220 is a 3G BTS (3G base stations increased by 53% from 2301 to 3521 BTS BTS Jun10 Jun11). Total BTS (2G/3G) we Jun11 totaled 24,971 at the end of the BTS.
We have decided to accelerate the addition of network infrastructure for data services with consideration of the growing 3G mobile phone users in the 3G market and also the traffic generated. Our cash capital expenditures will reach about Rp 6 trillion, of which more than half will be allocated for data services, said Hasnul.
While EBITDA reached Rp 4.8 trillion (up 7 percent), and EBITDA margin was steady at 52 percent at the end of June 2011. In addition the number of subscribers increased by 10 percent from 35.2 million in June 2010 to 38, 9 million in June 2011.
Increasing our revenue primarily from the data service revenues, which increased by 47 percent and contributed 21 percent to total revenue of our customers use, said the President Director of XL, Hasnul Suhaimi, Friday (29/07/2011) in Jakarta.
Hasnul said, there is great potential in business services related to changes in customer behavior data from the use of traditional services (conversational and SMS services) to the data service, so in the future, we will focus more on developing data services business by strengthening our overall department.
Over the past 12 months, t elah Excelcomindo also add as many as 4084 BTS BTS (2G/3G) in Indonesia, where 1220 is a 3G BTS (3G base stations increased by 53% from 2301 to 3521 BTS BTS Jun10 Jun11). Total BTS (2G/3G) we Jun11 totaled 24,971 at the end of the BTS.
We have decided to accelerate the addition of network infrastructure for data services with consideration of the growing 3G mobile phone users in the 3G market and also the traffic generated. Our cash capital expenditures will reach about Rp 6 trillion, of which more than half will be allocated for data services, said Hasnul.
Bill Gates Shares Microsoft's Release
Jakarta - Microsoft founder Bill Gates is reported to have sold as many as 5 million shares of Microsoft are holding. But whether by this step, Gates no longer be the owner of the giant software maker?
The answer is of course not! Although it has been removed 5 million pieces of its shares, Gates still remains the dominant owner and shareholder of Microsoft.
Because according to the Securities & Exchange Commission quoted from AFP on Saturday (30/07/2011), the millionaire who now cultivate philanthropy world is still holding at least 551 million shares of Microsoft.
Sales of 5 million shares Gates at Microsoft itself is reportedly already registered with the Securities & Exchange Commission.
The selling price of the shares are estimated to be between USD 27.20 to 27.98 per sheet. That is, the total funds raised could reach $ 138 million from this transaction.
Gates himself is still listed as the Microsoft Chairman. But since June 2008, he spelled out no longer active in the company based in Redmond, U.S..
Together with his wife - Melinda - she is more concentrated to conduct humanitarian activities under the banner of the Bill & Melinda Gates Foundation.
Ardhi Suryadhi - detikinet
The answer is of course not! Although it has been removed 5 million pieces of its shares, Gates still remains the dominant owner and shareholder of Microsoft.
Because according to the Securities & Exchange Commission quoted from AFP on Saturday (30/07/2011), the millionaire who now cultivate philanthropy world is still holding at least 551 million shares of Microsoft.
Sales of 5 million shares Gates at Microsoft itself is reportedly already registered with the Securities & Exchange Commission.
The selling price of the shares are estimated to be between USD 27.20 to 27.98 per sheet. That is, the total funds raised could reach $ 138 million from this transaction.
Gates himself is still listed as the Microsoft Chairman. But since June 2008, he spelled out no longer active in the company based in Redmond, U.S..
Together with his wife - Melinda - she is more concentrated to conduct humanitarian activities under the banner of the Bill & Melinda Gates Foundation.
Ardhi Suryadhi - detikinet
Thursday, July 28, 2011
Italian Energy Giant Discovers Gas at New Offshore Well in Indonesia
MILAN, KOMPAS.com - Italian energy giant Eni SpA Thursday said it had made a new gas discovery at a well off the shore of Indonesia.
Eni successfully drilled an exploration well in the Kutei Basin, offshore Indonesia, at Jangkrik North East 1 NFW.
The well contains more than 60 million of net gas pay in excellent quality reservoir sands. Eni, through its Indonesian subsidiary, is the operator of Muara Bakau PSC with a 55% interest. GDF Suez SA holds the remaining 45% interest in the project.
Eni successfully drilled an exploration well in the Kutei Basin, offshore Indonesia, at Jangkrik North East 1 NFW.
The well contains more than 60 million of net gas pay in excellent quality reservoir sands. Eni, through its Indonesian subsidiary, is the operator of Muara Bakau PSC with a 55% interest. GDF Suez SA holds the remaining 45% interest in the project.
Wednesday, July 20, 2011
Foreigners Hold IDR241.76 Tln Indonesian Govt Rupiah Bonds
| JAKARTA, KOMPAS.com - Foreign ownership of the Indonesian government's rupiah-denominated bonds rose to IDR241.76 trillion ($28.3 billion) as of July 18 from IDR234.99 trillion on June 30, Ministry of Finance data showed Thursday. |
| The figures suggest that lingering concern over sovereign debt problems in the European Union hasn't significantly discouraged overseas market participants to park their money in the rupiah assets. Offshore investors held close to 35% of the government's total tradable rupiah debt securities as of Monday, rising slightly from 34% at the end of June, the data showed. |
| Analysts have warned that such a high proportion of foreign ownership in the government bonds could pose a risk to Indonesian financial markets if such investors suddenly withdraw their funds. |
| Sumber : |
| Dow Jones |
Tuesday, July 12, 2011
Indovest Universe: JCI Start Reduced Pressure
Jakarta - U.S. stocks closed lower again with the Dow Jones fell 58.88 points, or 0.47%. The weakening of this time triggered by the downgrade its debt rating Ireland to junk level by Moody's concerns that add to the debt crisis will spread to European countries. This news was given clear signals that the Fed officials who will give you more stimulus (easing) if the economic recovery lambat.Kabar trip should be a catalyst to rally his re Dow Jones.
European bourses closed lower due to the lack of political consensus for the settlement of the debt crisis of Europe. FTSE down 1%.
Asian bourses this morning observed a positive move. Nikkei up 0.17%, Kospi rose 0.42%, a positive movement triggered by the action of the BoJ to make a purchase of ETF worth U.S. $ 275 million, and ahead of the announcement of China's GDP.
Indonesia Stock Exchange today is expected to move related consolidated regional diversity of news both positive and negative, the potential pressure on the stock index is still there but we feel may be limited, it JCI dismaping we still believe in a positive trend, this could be exploited to conduct market players Buy on weakness in case of weakening.
from:Indovest Universe - detikFinance
European bourses closed lower due to the lack of political consensus for the settlement of the debt crisis of Europe. FTSE down 1%.
Asian bourses this morning observed a positive move. Nikkei up 0.17%, Kospi rose 0.42%, a positive movement triggered by the action of the BoJ to make a purchase of ETF worth U.S. $ 275 million, and ahead of the announcement of China's GDP.
Indonesia Stock Exchange today is expected to move related consolidated regional diversity of news both positive and negative, the potential pressure on the stock index is still there but we feel may be limited, it JCI dismaping we still believe in a positive trend, this could be exploited to conduct market players Buy on weakness in case of weakening.
from:Indovest Universe - detikFinance
Prime Listing, Petrochem Star Stocks Rise 18% to Rp 121 per Sheet
Jakarta - PT Star Petrochem Limited (STAR) on a stock listing debut on Wednesday (07/13/2011) increased the level of USD 19 to USD 121 from the initial price of Rp 102 per share.
At the beginning of the opening of stock trading at 09.30 JATS, the company's stock rose significantly from the previous pricing, Rp 102 per share.
JATS time until around 9:40, the stock was in the range of Rp 102 per share, and had touched the lowest price of Rp 114 per share, and the highest level of Rp 140 per share. Shares of the company recorded a frequency of 478 lots with the transaction of Rp 7.55 million.
The number of shares offered to the public amounted to 2 billion shares with a nominal value of Rp 100 per share, and the offering price of shares amounting to Rp 102.
Proceeds from the initial public offering of Rp 204 billion. Proceeds from the initial public offering. 30% to pay off some bank debt, 20% to build facilities and infrastructure, 7.5% for working capital.
Companies engaged in the chemical sector has also issued warrants as much as 980 million shares at the price shares at the IPO price of Rp 102 per warrant. Warrants offer with a ratio of 200:98, meaning of 200 shares granted 98 warrants
As underwriter is PT Andalan Artha Advisindo Securities. Meanwhile, BAE, Ficomindo PT Buana Registrar.
from:
Whery Enggo Prayogi - detikFinance
At the beginning of the opening of stock trading at 09.30 JATS, the company's stock rose significantly from the previous pricing, Rp 102 per share.
JATS time until around 9:40, the stock was in the range of Rp 102 per share, and had touched the lowest price of Rp 114 per share, and the highest level of Rp 140 per share. Shares of the company recorded a frequency of 478 lots with the transaction of Rp 7.55 million.
The number of shares offered to the public amounted to 2 billion shares with a nominal value of Rp 100 per share, and the offering price of shares amounting to Rp 102.
Proceeds from the initial public offering of Rp 204 billion. Proceeds from the initial public offering. 30% to pay off some bank debt, 20% to build facilities and infrastructure, 7.5% for working capital.
Companies engaged in the chemical sector has also issued warrants as much as 980 million shares at the price shares at the IPO price of Rp 102 per warrant. Warrants offer with a ratio of 200:98, meaning of 200 shares granted 98 warrants
As underwriter is PT Andalan Artha Advisindo Securities. Meanwhile, BAE, Ficomindo PT Buana Registrar.
from:
Whery Enggo Prayogi - detikFinance
Wednesday, June 22, 2011
Great Investment Opportunities in Indonesia
JAKARTA, It is a great time for investors to take advantage of great investment opportunities in Indonesia following its enticing financial climate. Located at the crossroad of the Asian and Australian continents and between the Indian and the Pacific Oceans, Indonesia has many advantages of investment opportunities.
Endowed with fertile soil and abundant natural resources, the country is offering investors wide opportunities in many sectors. Therefore, director of Quvat Management in Singapore Thomas T. Lembong has called on the government, business players and investors to optimally utilize the wide investment opportunities in Indonesia.
On the sidelines of World Economic Forum on East Asia (WEF-EA), Lembong said China and India have a great interest in investment in Asia, including Indonesia, and this trend should be used as best as possible.
"Asia is on the rise. Indonesia at present is a ’darling’ investor. The investors are aware that Indonesia has a very big potential," Lembong said.
He said as coal, palm oil and consumer goods are now lucrative commodities in Indonesia they need to offer them to investors. But Lembong cautioned Indonesia not always has the attention of investors.
"Therefore we have to be realistic because the market and investors always have a trend. How much investment can be sustained, will depend on how we utilize it optimally," said the recipient of World Economic Forum Young Global Leader.
He said that in terms of investment supporting facilities and infrastructure, Indonesia was not inferior to those of other developing countries as China and India, but compared with the developed countries, Indonesia was still lagging far behind.
"As learned from international investors, China and India are not the countries without problems because in the developing countries there facing many obstacles and difficulties, but Indonesia actually has many good facilities," he said.
For that, Lembong said all parties including the government, business players, and investors need to be more patient because the important thing was not quantity but quality of investment.
"Ideally, all parties should be patient, and not be in a hurry so that the funds do not go to unnecessary projects," he said, adding that the key to investment success in Indonesia was cooperation of all parties namely of the government, business players, and investors.
According to Lembong, Indonesia has very big investment opportunities as a developing country. Meanwhile, presidential special staff for foreign relations Teuku Faizasyah said on the sidelines of the World Economic Forum said on Sunday that Singapore wished to make investment in development projects in Sumatra, especially in Batam.
"It was said earlier that Singapore can make investments in Sumatra," Faizasya said, explaining that Singapore’s interest in investment in Sumatra’s projects was disclosed when President Susilo Bambang Yudhoyono received a courtesy call of Singapore’s Prime Minister Lee Hsien Loong on the sidelines of the WEF-EA.
Faizasyah said Singapore wanted explanations about development schemes in Indonesia, especially after the Indonesian government launched the Master Plan of Acceleration and Expansion of Indonesian Economic Development (MP3EI).
"Singapore wants Indonesia to explain it in detail the areas where the country can make an investment," Faizasyah said.
According to him, President Yudhoyono and Lee Hsien Loong agreed to optimize again the cooperation agreement on Singapore-Johor-Riau (Sijori).
He said the partnership concept would be harmonized with the MP3EI which has been launched by Indonesia. In the WEF-EA, Indonesia also offered investment in the infrastructure sector through a public private partnership (PPP) scheme.
"The ability of the government’s fiscal is in a small balance and therefore we offer the investment in infrastructure sector to both foreign and private parties," Finance Minister Agus Martowardojo said.
The forum among others discussed the failure in the monetary sector as a result of the impact of economic turmoil in Asia. Present as the speakers at the meeting were Michael Buchanan, Chief Asia-Pacific Economist at Goldman Sach; Stuart T Gulliver, Group Chief Executive HSBC Holding UK; Omar Lodhi, Chief Executive Officer Abraaj Capital Asia Singapore; and Bank Indonesia Deputy Governor Muliaman D Hadad.
Agus Martowardojo on the occasion said the provision of infrastructure was a challenge that Indonesia has to face in the next five years. The finance minister said around Rp1,400 trillion were needed in the next five years for infrastructure development in Indonesia.
But he added that the government was only able to provide around 20 to 30 percent of the funds and the rest should be obtained with the cooperation of private parties through a public private partnership schemes.
"In the past seven years such a scheme did not give a significant result but expected there will soon be a pilot infrastructure project," Agus said.
He said an infrastructure pilot project with the PPP scheme in East Java would soon be realized and it was expected to be followed by other projects. Agus admitted that although a capital flight could occur any time, Indonesia would not implement a capital control policy.
"I am optimistic that there will be no capital control," the finance minister said, adding that fiscal and monetary conditions in the real sector were good and could support capital inflows.
Investment opportunities in Indonesia help both residents and investors because the country has over 200 million residents who are actively competing in joining the work force.
Sumber :antara
from: KOMPAS.com
Singapore Intends to Invest in Sumatra
JAKARTA, Singapore wishes to make investments in development projects in Sumatra, especially Batam, presidential special staff for foreign relations Teuku Faizasyah said.
"It was said earlier that Singapore can make investments in Sumatra," Faizasya said on the sidelines of World Economic Forum on East Asia (WEF-EA) here on Sunday.
He explained that Singapore’s interest in investment in Sumatra’s projects was disclosed when President Susilo Bambang Yudhoyono received a courtesy call of Singapore’s Prime Minister Lee Hsien Loong on the sidelines of the WEF-EA.
Faizasyah said Singapore wanted explanations about development schemes in Indonesia, especially after the Indonesian government launched the Master Plan of Acceleration and Expansion of Indonesian Economic Development (MP3EI).
"Singapore wants Indonesia to explain it in detail the areas where the country can make an investment," Faizasyah said. According to him, President Yudhoyono and Lee Hsien Loong agreed to optimize again the cooperation agreement on Singapore-Johor-Riau (Sijori).
He said the partnership concept would be harmonized with the MP3EI which has been launched by Indonesia. Faizasyah said Yudhoyono and Lee Hsien Loong at the meeting discussed economic matters only and not discussed extradition agreement.
"The have limited time and thus they discussed economic issues only," Faizasyah said, adding that besides receiving the Singaporean prime minister, President Yudhoyono also received a delegation from Mongolia and its youth’s representative.
from: KOMPAS.com
"It was said earlier that Singapore can make investments in Sumatra," Faizasya said on the sidelines of World Economic Forum on East Asia (WEF-EA) here on Sunday.
He explained that Singapore’s interest in investment in Sumatra’s projects was disclosed when President Susilo Bambang Yudhoyono received a courtesy call of Singapore’s Prime Minister Lee Hsien Loong on the sidelines of the WEF-EA.
Faizasyah said Singapore wanted explanations about development schemes in Indonesia, especially after the Indonesian government launched the Master Plan of Acceleration and Expansion of Indonesian Economic Development (MP3EI).
"Singapore wants Indonesia to explain it in detail the areas where the country can make an investment," Faizasyah said. According to him, President Yudhoyono and Lee Hsien Loong agreed to optimize again the cooperation agreement on Singapore-Johor-Riau (Sijori).
He said the partnership concept would be harmonized with the MP3EI which has been launched by Indonesia. Faizasyah said Yudhoyono and Lee Hsien Loong at the meeting discussed economic matters only and not discussed extradition agreement.
"The have limited time and thus they discussed economic issues only," Faizasyah said, adding that besides receiving the Singaporean prime minister, President Yudhoyono also received a delegation from Mongolia and its youth’s representative.
from: KOMPAS.com
Indonesia to Raise July Crude Palm Oil Export Tax
JAKARTA, Indonesian government will raise crude palm oil export tariff to 20% for July from this month's 17.5% due to higher prices of the commodity globally, an official said.
Director General for International Trade Deddy Saleh told Dow Jones Newswires that CPO price reference for July will be $1,168.38 per metric ton, up from $1,146.82 in June.
from: KOMPAS.com
Thursday, June 16, 2011
Nestle to Invest A Further USD100M in Indonesia
JAKARTA, -Swiss food giant Nestle SA will spend an additional $100 million to expand its operations in Indonesia to make the most of the market's booming potential, Arshad Chaudhry the company's president director for Indonesia said Wednesday.
The additional investment will be used to expand operations at its new factory which is under construction in Karawang, West Java, Chaudhry said in an interview.
He didn't say over what period the additional money would be spent. Nestle already said in December 2010 it would spend $100 million to build a new factory in Karawang. The site, which will make Milo malt drink and Celerac infant cereal, is due to be completed in 2012.
“Indonesia is a growing market, we are very optimistic about it,“ Chaudhry said.
“We believe that from 2013 onwards we will need additional expansion investment in this factory.“
Nestle has invested heavily in Indonesia, one of the Swiss food company's fastest growing markets, with sales up more than 20% to CHF1.1 billion in 2010. Chaudhry said Indonesia has high potential, with rising purchasing power among its population of 240 million.
“This is a great market with lots of agriculture produce, and with a lot of potential consumers, people who are increasingly buying packaged food,“ he said.
Sales so far this year were ahead of 2010 levels and Chaudhry said he expected growth to continue at a double-digit rate in Indonesia in the next few years. Nestle will continue to increase its investment in future, he added.
“We see Indonesia as a high potential market for us in driving growth, this means you have to continue to invest, for which we are prepared.
“We will continue to invest on a regular basis to expand our manufacturing and brands and products to develop the market,“ he said.
Nestle, which has operated in Indonesia since 1971, employs 2,600 people in the country at three factories. In 2010 it spent $100 million expanding a factory at Kejayan in East Java, which employs 1,085 people making milk products such as the Dancow fortified milk brand for children, and ready-to-drink Milo and Nescafe products.
On Tuesday Nestle signed a memorandum of understanding with Susilo Bambang Yudhoyono, the president of Indonesia, to expand its milk production operations in East Java. The company's other manufacturing sites are at Panjang in south Sumatra, which employs 260 people making Nescafe products, and a confectionary factory in Cikupa near Jakarta which has 285 staff making confectionary including Foxes mints and Milo snacks.
from :Dow Jones, KOMPAS.com
The additional investment will be used to expand operations at its new factory which is under construction in Karawang, West Java, Chaudhry said in an interview.
He didn't say over what period the additional money would be spent. Nestle already said in December 2010 it would spend $100 million to build a new factory in Karawang. The site, which will make Milo malt drink and Celerac infant cereal, is due to be completed in 2012.
“Indonesia is a growing market, we are very optimistic about it,“ Chaudhry said.
“We believe that from 2013 onwards we will need additional expansion investment in this factory.“
Nestle has invested heavily in Indonesia, one of the Swiss food company's fastest growing markets, with sales up more than 20% to CHF1.1 billion in 2010. Chaudhry said Indonesia has high potential, with rising purchasing power among its population of 240 million.
“This is a great market with lots of agriculture produce, and with a lot of potential consumers, people who are increasingly buying packaged food,“ he said.
Sales so far this year were ahead of 2010 levels and Chaudhry said he expected growth to continue at a double-digit rate in Indonesia in the next few years. Nestle will continue to increase its investment in future, he added.
“We see Indonesia as a high potential market for us in driving growth, this means you have to continue to invest, for which we are prepared.
“We will continue to invest on a regular basis to expand our manufacturing and brands and products to develop the market,“ he said.
Nestle, which has operated in Indonesia since 1971, employs 2,600 people in the country at three factories. In 2010 it spent $100 million expanding a factory at Kejayan in East Java, which employs 1,085 people making milk products such as the Dancow fortified milk brand for children, and ready-to-drink Milo and Nescafe products.
On Tuesday Nestle signed a memorandum of understanding with Susilo Bambang Yudhoyono, the president of Indonesia, to expand its milk production operations in East Java. The company's other manufacturing sites are at Panjang in south Sumatra, which employs 260 people making Nescafe products, and a confectionary factory in Cikupa near Jakarta which has 285 staff making confectionary including Foxes mints and Milo snacks.
from :Dow Jones, KOMPAS.com
Stocks & Forex Update : 16/6/2011 17:01
Stocks & Forex Update : 16/6/2011 17:01
USD
8612.50
DJI
10340.69
EUR
12147.9307
FTSE
5666.73
JPY
106.782
N300
165.07
AUD
9057.335
HSI
21953.109
from: kompas.com
USD
8612.50
DJI
10340.69
EUR
12147.9307
FTSE
5666.73
JPY
106.782
N300
165.07
AUD
9057.335
HSI
21953.109
from: kompas.com
Wednesday, June 15, 2011
Stocks & Forex 15/6/2011
Stocks & Forex Update : 15/6/2011 17:01
USD
8552.50
DJI
10340.69
EUR
12239.4824
FTSE
5785.83
JPY
106.0118
N300
167.65
AUD
9136.6348
HSI
22343.77
from: kompas.com
USD
8552.50
DJI
10340.69
EUR
12239.4824
FTSE
5785.83
JPY
106.0118
N300
167.65
AUD
9136.6348
HSI
22343.77
from: kompas.com
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