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Old June 1st, 2007, 06:51 PM   #1
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Economy, Trade and Business - thread IV

New thread, start here. post away please


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Old June 1st, 2007, 06:53 PM   #2
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RI to announce policies to improve investment

JAKARTA (AP): Indonesia will announce new policies to improve investment in the country this week, Coordinating Minister for the Economy Boediono said Wednesday.

The policies will be unveiled in one to two days, he said, without giving further details.

Investors have been increasingly reluctant to invest in Indonesia since former President Soeharto's fall in 1998 and the loss of certainty in investment structures. Investors have been particularly reluctant to put money into oil and gas, mining andinfrastructure projects.

Indonesia Trade Minister Mari Pangestu said Monday in Kuala Lumpur, Malaysia, that current regulations have been in place since 1994 and are becoming inconsistent with the country's needs. New policies and laws will spell out clearly which sectorsare open to foreign investors and what are the conditions attached, she said.

Indonesia's House of Representatives recently pass an investment law allowing the government to give incentives to local and foreign investors. Implementation of the law, however, depends on more specific government regulations.

Mari also said Monday that Indonesia will soon unveil new measures to boost liquidity in the stock market and that Indonesia is working with Malaysia to allow dual listings on each other's exchanges.

Indonesia is finalizing the capital market development package, which will include tax incentives as well as new supervisory laws, especially on money laundering, she said at thebusiness conference in Kuala Lumpur. (**)
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Old June 1st, 2007, 06:54 PM   #3
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Indonesian economy could grow 7-8 percent this year, vice president says

JAKARTA(AP): Indonesia's economy could grow 7-8percent this year as the country draws more investment, Vice President Jusuf Kalla said Tuesday.

"It's not impossible that economic growth could reach 7 to 8 percent given the current macroeconomic situation," Kalla said at an investor forum in Jakarta. "For that we need a lot of investment...so all parties including the capital market, the banking sector and other (investors) have to take an active role to reach that target," he said.

The Indonesian government is already taking measures to draw foreign investment, and foreign investors are taking a kinder view of Indonesia, he said.

Indonesia Trade Minister Mari Pangestu said Monday in Kuala Lumpur, Malaysia, that Indonesia will soon unveil new measures to boost liquidity in the stock market, and is working with Malaysia to allow dual listings on each other's exchanges.

The government is finalizing the capital market development package, which will include tax incentives as well as new supervisory laws, especially on money laundering, she said at a business conference there.

Sixteen state-owned enterprises in Indonesia are likely to list this year once they obtain parliament's approval, she said.

President Susilo Bambang Yudhoyono earlier told the same conference Pangestu attended that Indonesia's economy is expected to grow 6.3 percent this year, with inflation to be capped below 7 percent.

The World Bank in April estimated that Indonesia's economy grew 5.7-5.9 percent in the first quarter of 2007, and could grow 6.3 percent over the whole year.(***)
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Old June 2nd, 2007, 01:55 AM   #4
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Kalla was right that the Rupiah must stay around 9,000 for strong growth, but I don't think the economy will be growing 7%. Maybe more like 6.5%.
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Old June 4th, 2007, 05:03 AM   #5
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Selasa, 22/05/2007 16:46
BEJ Ajukan Rencana Pindah Gedung di RUPS
Irna Gustia - detikfinance

Jakarta - Bursa Efek Jakarta (BEJ) akan melaporkan hasil kajian rencana pindah gedung pada Rapat Umum Pemegang Saham (RUPS) 6 Juni mendatang.

Pengajuan rencana pindah gedung dalam RUPS itu telah diumumkan ke publik oleh otoritas bursa, Selasa (22/5/207).

Sejauh ini pihak BEJ masih tutup mulut soal kepindahan gedung tersebut dari Gedung BEJ saat ini yang terletak di Jalan Jenderal Sudirman, Jakarta.

Kepindahan gedung ini terkait dengan alasan efisiensi. Pasalnya, BEJ harus mengeluarkan biaya sekitar Rp 18 miliar per tahun untuk sewa gedung saat ini.

Pindah gedung ini juga dalam rangka menyambut merger BEJ dengan Bursa Efek Surabaya (BES) awal tahun depan.

Sebelumnya Ketua Badan Pengawas Pasar Modal Lembaga Keuangan (Bapepam LK) Fuad Rahmany menilai pindah gedung tidak harus dilakukan. Fuad meminta bursa mempertimbangkan segala sisi.

Selain membahas masalah pindah gedung, RUPS BEJ tersebut juga akan melaporkan rencana penggabungan BEJ dengan BES.

Agenda lainnya adalah perpanjangan masa bakti dewan komisaris 2004-2007. Pemberian apresiasi bagi karyawan, direksi dan komisaris perseroan. Pengangkatan akuntan publik dan pengesahan laporan keuangan 2006.
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Old June 4th, 2007, 06:20 PM   #6
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Monday June 4, 3:53 PM
Indonesia's May annual inflation eases to 6.01 pct
JAKARTA, June 4 (Reuters) - Indonesia's annual inflation rate eased in May with the help of stable rice prices and a strong rupiah, but analysts were divided on whether the central bank would continue its monetary easing when it reviews its policy this week.
The consumer price index in May rose 6.01 percent from a year earlier, less than 6.11 percent expected in a Reuters poll of 12 economists and easing from April's annual rate of 6.29 percent, statistics bureau data showed on Monday.

Core inflation, which excludes volatile items such as food, rose 5.62 percent, slowing from 5.74 percent in April.

"Interest rate differentials have narrowed. Basically recent falls in interest rates have not yet had any significant impact on the economy. Therefore the possibility is that Bank Indonesia is likely to be more cautious," said economist Juniman of Bank Internasional Indonesia (BII).

"That means the bank will hold the rate steady."

But another analyst said the lower-than-expected inflation number is likely to lead to a rate cut when the central bank reviews its policy on Thursday. ADVERTISEMENT



"The headline number was far slower than expected and should pave the way for a 25-basis-point cut this Thursday given the soaring stocks and rupiah," said Patricia Lui, managing analyst with financial analysis firm Informa Globalmarkets.

The rupiah was stable at around 8,775 per dollar at 0655 GMT after the announcement. The Jakarta Composite Index was up 1.29 percent after the announcement, largely unchanged from before the data was released.

The rupiah hit a three-year high last month, lifted by capital inflows into local assets as yields remained attractive for foreign investors despite a series of rate cuts.

Economists had expected rice imports to help stabilise food prices and ease inflationary pressure after severe floods hit supplies early this year while the currency's strength was also keeping a lid on costs of imports.

The central bank cut interest rates 11 times in 12 months as inflation fell from last year's double-digit levels and last trimmed its main rate by a quarter-point to 8.75 percent earlier in May.

Analysts say there is room for more easing this year , but the scope for substantial rate cuts has diminished after 400 basis points of easing and with inflation seen stabilising near current levels.

Inflation has tumbled from double-digit rates in recent months as a sharp rise in fuel prices in late 2005 dropped out of the calculation. The annual inflation rate at the end of 2005 was 17.11 percent.

The statistics bureau also reported Indonesia's exports rose 15.8 percent in April from a year earlier to $8.85 billion, after a 23 percent rise in March. The rise was below expectations for a 18.08 percent increase.

Imports rose by around 18 percent from a year earlier to $5.64 billion. That compared with March's rise of 23 percent and was above a forecast for a 15.85 percent increase.

That produced a trade surplus of $3.21 billion, lower than a forecast $3.44 billion. (Additional reporting by Johannes Mantiri)
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Old June 7th, 2007, 03:55 AM   #7
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23 Negara Tuduh Indonesia Terlibat Praktik Dumping

KUPANG, RABU- Dalam kurun waktu 16 tahun sejak tahun 1990 hingga 2006, sebanyak 23 negara telah menuduh Indonesia terlibat praktek dumping, subsidi dan tindakan "safeguard" (perlindungan usaha) sebagai upaya proteksi terhadap perusahaan /industri dalam negeri.

Direktur Pengamanan Perdagangan, Ditjen Kerjasama Perdagangan Internasional, Departemen Perdagangan, Martua Sihombing, di Kupang, Rabu, mengatakan, 23 negara itu merupakan negara-negara Uni Eropa, Amerika Serikat, Australia dan India.

"Uni Eropa menempati urutan tertinggi dalam tuduhan dumping, subsidi dan tindakan ’safeguard’ terhadap Indonesia yakni sebanyak 26 kasus, disusul Amerika Serikat dengan 20 kasus, Australia 18 kasus dan India sebanyak 18 kasus," ujar Sihombing.

Sihombing berada di Kupang terkait sosialisasi "Strategi Menghadapi Tuduhan Dumping, Subsidi dan Tindakan Safeguard dalam Mempertahankan Akses Pasar Ekspor".

Sosialisasi itu melibatkan pelaku bisnis, produsen/eksportir, aparatur pemerintah daerah, civitas akademika dan pemerhati perdagangan internasional di wilayah Provinsi NTT.

Ia mengatakan, tuduhan dumping, subsidi dan "safeguard" yang dilakukan 23 negara terhadap Indonesia itu terjadi dalam 161 kasus, terdiri atas 136 kasus tuduhan dumping, 11 kasus tuduhan subsidi dan 14 kasus tuduhan safeguard.

Salah satu tuduhan dumping dilakukan Australia terhadap produk ’Portland Grey Cement’ yang diproduksi oleh PT Semen Kupang, namun pada tahun 2003 penyelidikan terhadap kasus itu dihentikan karena kerugian (injury) yang diderita oleh industri domestik bukan disebabkan oleh barang impor yang diduga dijual dengan harga dumping.

"Fakta-fakta itu menggambarkan penggunaan instrumen pengamanan perdagangan internasional berupa tuduhan dumping, subsidi dan safeguard sudah banyak dilakukan negara maju terhadap negara berkembang," ujarnya.

Sihombing mengatakan, dari 161 kasus tuduhan dumping, subsidi dan tindakan safeguard itu sebanyak 21 kasus (13 persen) masih dalam proses penanganan, 66 kasus (41 persen) telah diselesaikan penyelidikannya dan telah dikenakan Bea Masuk Anti-Dumping atau Bea Masuk Imbalan/Tindakan Safeguard dan 74 kasus (46 persen) telah dihentikan proses penyelidikannya karena tidak cukup bukti.

Tuduhan dumping dalam proses penanganan antara lain, produk ’Coated free sheet paper’, ’uncoated printing dan writing printing’ (included light weight coated paper), ’passanger car tire and light truck tire’ , ’glass block’, polyvinyl chloride’, ’maleic anhydride’ dan ’polyester staple fibre’.

Tuduhan subsidi dan tindakan safeguard yang juga sedang dalam proses penanganan masing-masing hanya satu kasus yakni produk ’coated free sheet paper’ dan ’clear float glass’.

Sementara 66 kasus yang telah selesai penyelidikannya antara lain tuduhan terhadap produk ’ceramic tile’, ’flat hot rolled in coils and not coils’, ’acrylic’, ’polyethylene terephthalae’, syainless steel fastener’, ’linear low density polyethylene’, ’portland grey cement’ dan ’oil filter’.

Sedangkan 74 kasus tuduhan yang dihentikan karena tidak cukup bukti antara lain produk ’polyvinyl chloride’ (resin), ’clear float glass’, ’polyester textured yarn’, footwater with uppers textile’, ’footwater with uppers leather or plastic’, ’cartein hot rolled steel plate’, kain tenun benang ’filament dan gypsum plaster board’.

"Kami terus melakukan langkah-langkah proaktif melalui penyuluhan dan penyebaran informasi dengan menjelaskan kepada semua pihak tentang semakin meningkatnya tuduhan dumping, subdisi dan tindakan safeguard oleh banyak negara terhadap produk ekspor Indonesia,"katanya.
(ANT/PEP)
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Old June 7th, 2007, 04:48 AM   #8
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Conspiracy Theory:

Kali begini... buat menekan pajak yg harus di bayar ke pemerintah.. perusahaan2 tsb membuat ke sepakatan dengan supplier bahan baku: harga bahan baku di NAIKAN setinggi2nya. Pdhl yg di bayar oleh perusahaan tersebut lebih RENDAH dari harga di kertas.

Hasilnya, keuntungan perusahaan TURUN dan pajak yg di bayar lebih RENDAH.

Nah, waktu di jual ke luar negeri, otomatis perusahaan menjual dengan HARGA ASLI berdasarkan MODAL ASLI dong.. makanya harga keliatan lebih rendah dari ongkos produksi.. jadi keliatan DUMPING kan.
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Old June 8th, 2007, 10:37 AM   #9
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RI 'too democratic' to progress, says Kalla


Riyadi Suparno, The Jakarta Post, Beijing

Making an official visit to China, Vice President Jusuf Kalla said he was impressed with China's progress and expressed confidence in Indonesia's ability to come closer to his host's development level, as long as "public responsibility" was made superior to individual freedom.

Kalla said Indonesia had the qualities required to grow toward 7 percent per annum, but said greater respect of individual freedoms had hampered potential growth.

"China's strength is that it can plan and implement. Our system, which is too democratic with too much individual freedom that often disregards the rights of others, has made it difficult for us to build infrastructure," he told a press conference after meeting with Chinese Vice President Zeng Qinghong.

Earlier he met with Wu Bangquo, speaker of the National People's Congress.

Citing the East Canal Flood project, he said most people would not sell their land at fair prices once they knew that infrastructure projects were planned for the area.

"The money is already prepared, the technicalities are all there, but still we cannot move fast."

The building of toll roads faced similar problems, he said.

"As long as individual right is above public responsibility, we will not progress... That's the only problem we have now."

Kalla said next year the government would make infrastructure development one of its four main priorities. The other three are agriculture, education and health.

"In the past seven years, we have been busy with so many problems, large debts, rallies, arson, problems related to democracy, disasters... And we've never thought of development leaps.

"For seven years, we've never repaired our irrigation system. Seven years, we haven't built strong roads. Seven years, we've never built something big. Therefore, next year, we have to change our way of thinking by using our excess funds to finance infrastructure, agriculture, education, health. Everything else could be taken up by the private sector," he said.

Once infrastructure development increased, Kalla expressed confidence that Indonesia would be back to high growth rates of 7 percent to 8 percent.

"We have to get closer to China and India. We can't be taken over by Vietnam... I will do anything I can to make it happen."

Legal infrastructure would be improved to attract foreign investors, he said.

Following the passage of the investment bill, the government is working on the taxation bill to make taxation more attractive to investors.

The government is now taking a shorter route to create special economic zones through government regulations in lieu of laws.

"I hope our friends at the legislature will support us in all of these efforts," he said.
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Old June 8th, 2007, 03:44 PM   #10
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Habibienomics

Government wants to develop strategic industries

JAKARTA (JP): President Susilo Bambang Yudhoyono discussed the revitalization of strategic industries with former President B.J. Habibie during a meeting in State Palace Friday.

State Secretary Hatta Radjasa said Yudhoyono expressed his intention to develop strategic industries in trying to meet the need of domestic market.

Strategic industries are being developed by a number of state companies including ship maker PT PAL Indonesia and PT IKI, weapons maker PT Pindad, aircraft maker PT DI, electronic company PT LEN.

"A number of strategic industries have given benefits," Hatta told the press after the meeting, adding that the revitalization of the industries will give economic benefits and help provide the country with its defense equipments.

Therefore, according to Hatta, the Indonesian ship makers are not only tasked to produce defense equipments, but also other products like oil tanker ships, fishing boats, and cargo ships.

While meeting with Habibie, Yudhoyono was accompanied by a number of ministers and president directors of state enterprises including PT PAL Indonesia Adwin Suryohadiprodjo, PT Pindad BudiSantoso, and PT DI Rudi M. Mokobombang.
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Old June 9th, 2007, 03:57 AM   #11
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Kalla is funny because he is so wrong. He knows that under his watch the Indonesian government has accrued vast amounts of unspent development funds, and it has nothing to do with democracy. The reason the finance ministry is afraid to disperse the funds is because everyone knows that about half of it will go into the greedy pockets of corrupters and cronies, and Kalla doesn't want to talk about it because his hands are as dirty as anyone's. The Indonesian government has the wealth and the capacity to achieve rapid economic growth. India is a decentralized democratic federation and its economy is growing 9% annually; so much for blaming it on democracy, not to mention the fact that almost every industrialized nation on the planet is a democracy.

No, Indonesia's growth is not stifled by democracy, but by endemic corruption and the government's reliance on easy money from oil, copper, tin, gold, natural gas, and a host of other natural resources. China's success is not a result of its government. China has historically been the richest nation on the planet with a few exceptions. China started with no money and almost no resources in 1975. Indeed, China was one of the poorest countries in the world following Mao's disastrous great leap forward. But they started from that base level, utilizing human capital and foreign markets to develop their economy. That's what the Indonesian government needs to focus on, not on blaming democracy or human rights movements.

I know I'm just rambling. I just hope this guy isn't serious half the time he talks. He shouldn't envy China too much. Someone as corrupt as him would be executed and have his organs harvested if he was a Chinese official.
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Old June 9th, 2007, 05:45 AM   #12
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Quote:
Originally Posted by Jusuf Kala View Post
"China's strength is that it can plan and implement. Our system, which is too democratic with too much individual freedom that often disregards the rights of others, has made it difficult for us to build infrastructure," he told a press conference after meeting with Chinese Vice President Zeng Qinghong.

Earlier he met with Wu Bangquo, speaker of the National People's Congress.

Citing the East Canal Flood project, he said most people would not sell their land at fair prices once they knew that infrastructure projects were planned for the area.

"The money is already prepared, the technicalities are all there, but still we cannot move fast."

The building of toll roads faced similar problems, he said.

"As long as individual right is above public responsibility, we will not progress... That's the only problem we have now."
hahahahaha.... kepentingan umum memang harus selalu di atas kepentingan pribadi .. (setidaknya itu yang PPkn ajarkan).

Bukan masalah demokrasi ... tapi para spekulan2 tertentu yang bermain-main. Itulah masalahnya... Pemerintah RIAU yang akan membangun airport baru aja sampai merahasiakan lokasi pembangunannya .... Intinya kalo pembangunannya digembar-gemborkan, ujung2nya masalah spekulasi ini akan terus muncul.. Bener banget, saat itu memang kepentingan individu lebih tinggi dari kepentingan umum.... ...DEMOKRASI dari sudut pandang liberalis memang kayak gitu ... nanti kalo terlalu sosialis (atau komunistis), banyak yang ngamuk lagi ... ... Hehehe, mau gitu salahhh, mau gini salahhh ...
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Old June 16th, 2007, 08:24 PM   #13
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SUARA PEMBARUAN DAILY
PMI Jadi Basis Produksi Lemari Es Malaysia

[JAKARTA] PT Panasonic Manufacturing Indonesia (PMI) menjadi basis produksi lemari es satu pintu untuk mengisi pasar Malaysia. Untuk tahun ini, PT PMI akan mengekspor 31.000 unit lemari es tipe satu pintu ke Malaysia. Sebagai langkah awalnya, PMI mengirim tiga model baru lemari es pesanan Panasonic Malaysia Sdn Bhd dilakukan Jumat (15/6). Pelepasan ekspor perdana ke Malaysia ini dihadiri oleh Presiden Direktur Panasonic Malaysia, Nakamura, dan Presiden Komisaris PT PMI, Rachmat Gobel.

Rachmat Gobel mengatakan, misi Panasonic dan Gobel untuk meningkatkan taraf hidup rakyat Indonesia dan masyarakat dunia melalui produk elektronika yang bermutu tinggi dengan harga yang terjangkau merupakan semangat yang mendorong Panasonic dan Gobel menjadikan PT PMI menjadi perusahaan yang mampu bersaing di era perdagangan bebas.

Dikatakan, sejak memproduksi lemari es di tahun 1975, PT PMI mempunyai komitmen yang kuat untuk membuat lemari es yang memiliki kehandalan tinggi, kualitas terbaik, ramah lingkungan, serta harga yang terjangkau. Kendati demikian, sampai saat ini, sebagian besar lemari es produksi PT PMI masih ditujukan untuk memenuhi kebutuhan masyarakat Indonesia. Namun, dengan semakin terbukanya pasar bebas ASEAN, PMI kini dipercaya untuk memenuhi permintaan pasar lemari es satu pintu di Malaysia.

Saat ini, tuturnya, lemari es satu pintu di Malaysia masih menguasai sekitar 30 persen pangsa pasar sedangkan Panasonic sendiri menguasai 40 persen pangsa pasar lemari es di Malaysia. [N-3]

Last modified: 16/6/07
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Old June 16th, 2007, 08:39 PM   #14
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Panasonic is Indonesian or Japanese brand??
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Old June 16th, 2007, 09:04 PM   #15
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Quote:
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Panasonic is Indonesian or Japanese brand??
Japanese brand for international markets.

Kalau di Indonesia yang pegang lisensinya Gobel's Family.
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Old June 22nd, 2007, 01:45 PM   #16
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Altria to Sell Clove-Flavored Marlboro in Indonesia (Update1)

By Arijit Ghosh and Wahyudi Soeriaatmadja

June 22 (Bloomberg) -- PT H.M. Sampoerna, the Indonesian unit of the world's largest tobacco company, will begin selling clove-flavored cigarettes under the Marlboro brand name, two people with knowledge of the plan said.

The subsidiary of Altria Group Inc. will start selling filtered Marlboro Mix 9 from July 9, its first new brand in 18 years, said the people, who declined to be identified before an announcement next week. Clove-flavored cigarettes, known as kretek, dominate sales in the Southeast Asian nation, the world's fifth-largest tobacco market.

The launch may help Indonesia's largest producer of tobacco products win a larger share of the estimated $10 billion market for kretek cigarettes by attracting customers of PT Gudang Garam, owned by the family of Indonesia's richest man, and the Djarum Group. Sampoerna's sales growth has been cut by tax increases.

``It's a unique, shocking and good strategy,'' said Rezza Zulkasi, an analyst with PT First State Investments Indonesia in Jakarta, which manages 1.5 trillion rupiah ($167 million) in assets. ``People want to have the international brand, but also want the local taste.''

Niken Rachmad, Sampoerna's spokeswoman, declined to comment.

Oldest Company

New York-based Altria paid about $5 billion to acquire a 97 percent stake in Sampoerna from the public and the company's founding Sampoerna family in 2005.

Sampoerna, the nation's oldest cigarette company after being founded in 1913, is betting the new products will boost sales, which rose 1.8 percent to 7.3 trillion rupiah ($810 million) in the first quarter after surging 35 percent in the same period a year earlier.

The government raised the retail price, used as a benchmark for charging excise, for cigarettes twice in the 12 months to March. Indonesia will also begin levying a new tax on cigarettes in July.

``People tend to try new products,'' said Naya Tirambintang, an analyst with PT Danareksa Sekuritas. ``The overall cigarette industry isn't doing too well because of a number of tax increases, so a new product should help.''

Machine-Rolled

The new Marlboro machine-rolled cigarettes will be priced at 7,000 rupiah for a pack of 12 cigarettes, contain 30 milligrams of tar and 1.8 milligrams of nicotine, the people said.

Gudang Garam International and Djarum Super are sold at a slightly higher price. Djarum is controlled by Budi Hartono, Indonesia's second-richest man.

The company may find it difficult to attract Indonesian smokers who are usually loyal to tastes, said Felix Sindhunata.

``There have been a lot of new cigarette launches and none of them have really performed,'' said Sindhunata, head of research at PT Mega Capital Indonesia. ``A lot of smokers are loyal to the taste, not to the brand.''

Kretek cigarettes, which contain a mixture of tobacco and clove, a spice native to Indonesia, impart a sweet scent and emit eugenol, a chemical that numbs the effect of smoke in the throat.

Named after the crackling sound of burning cloves, kretek cigarettes contain double the nicotine and almost triple the tar of conventional cigarettes, according to a 2002 paper in the journal Pharmacology Biochemistry and Behavior.

With few restrictions on advertising or sales to young people, about a third of the nation's 230 million people smoke. Some Indonesians start as young as five, government figures show.

Twenty-five percent of all male deaths in Indonesia will be caused by smoking in 10 years, according to a 2006 study for the WHO published in The Internet Journal of Epidemiology.

The government expects to receive 42 trillion rupiah of taxes from cigarette production and sales this year. That's about 6 percent of revenue.

Sampoerna will start selling the kretek Marlboro in Java and Bali, the people said. Leo Burnett, a unit of Publicis Groupe SA, the world's fourth-biggest advertising firm, will help market the product. The ad agency created the ``Marlboro man'' advertisement campaign in 1955.

Dean Bramham, managing director of Leo Burnett Kreasindo Indonesia, couldn't be reached for comment at his office.
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Old June 23rd, 2007, 12:53 PM   #17
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Friday June 22, 8:49 PM
Indonesia plans tariff-free zones in Riau isles, woos investors

(Kyodo) _ Indonesia is developing its Riau Islands into a special economic zone with free trade areas in a bid to attract Japanese and other investors seeking to diversify away from China to other Asian countries, Indonesia's Trade Minister Mari Pangestu said Friday.
Pangestu said Japanese and other foreign firms have recently been adopting a "China-plus-one strategy" by diversifying their investment to other countries in the region, particularly India, Vietnam and Indonesia.

These foreign firms "are still investing in China but they want to diversify their investment," she said while giving a lecture in Singapore organized by a think tank. "Just take Japanese investment as an example, the alternative locations they consider are basically India, Vietnam and Indonesia" due to those countries' huge market and labor pool.

She said Indonesia is now working on relevant legislation and a framework to make the Riau Islands, located near Singapore, "a free trade zone... basically, specific areas within the Riau Islands that will be created as free trade zones."

The industries it plans to attract are mainly manufacturing industry, mining, energy, maritime and fisheries, transportation, banking, insurance and tourism, she said.

The legislation currently being finalized will allow the creation of tariff-free zones that can exist for 70 years, more than the 30 years allowed under Indonesia's land lease law. ADVERTISEMENT



She said Indonesia's sees Vietnam as one of its biggest competitors for foreign investment.

"What we do try to push is the fact that we have more natural resources and population vis-a-vis Vietnam, (and) of course we are bigger than Vietnam, so greater market size," she said, suggesting the current reforms would give Indonesia a competitive edge.

Indonesia plans to develop the Riau Islands into a special economic zone with the help of its more economically advanced neighbor, Singapore.

In June last year, the leaders of the two countries signed a framework agreement to oversee the development of the Riau Islands, which include Batam, Bintan and Karimun island.
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Old June 26th, 2007, 11:41 PM   #18
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Adhi Karya Garap Proyek Railway di India Senilai Rp400 Miliar

Jakarta (ANTARA News) - PT Adhi Karya (Persero) Tbk menyatakan telah siap mengerjakan proyek di India yang nilainya Rp400 miliar, sebuah proyek pembangunan jalur kereta api (railway) yang diperolehnya melalui tender.

Menurut Direktur Keuangan Adhi Karya, Indradjaja Manopol, di Jakarta, Selasa, selain India, perusahaan yang dipimpinnya juga telah menandatangani kontrak senilai 104 juta dolar AS untuk membangun Pilal Complex di Oman.

Kontrak tersebut telah ditandatangani pada 6 Juni 2007 dan akan mulai dikerjakan pada September 2007.

"Targetnya akan selesai dalam dua tahun empat bulan," katanya.

Adhi Karya juga tengah mengikuti tender sejumlah proyek di luar negeri yang lain, seperti di Uni Emirat Arab yang hingga kini masih dalam proses negosiasi.

"Sedangkan untuk proyek di Abu Dhabi dan Bahrain itu juga masih menunggu kebijakan dan negosiasi," katanya.

PT Adhi Karya berhasil mencapai target pendapatan tahun 2006 dengan membukukan laba bersih sebesar Rp95,6 miliar dari pendapatan Rp4,33 triliun.

Perseroan juga berhasil meningkatkan modal pemegang saham sebesar 18,8 persen menjadi Rp440,66 miliar pada akhir 2006. Sedangkan laba bersih per saham pada 2006 juga mengalami peningkatan sebesar Rp53 dibandingkan tahun sebelumnya Rp43.

Menurut manejeman Adhi, pertumbuhan usaha perseroan tidak terlepas dari strategi transformasi usaha yang berhasil digulirkan dengan memperluas pasar.

Perluasan pasar itu dialkukan di sektor swasta serta berbagai proyek di luar negeri diantaranya pelaksanaan proyek di Qatar dan India.(*)
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Old June 28th, 2007, 04:21 PM   #19
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Eye on Indonesia
Posted on Jun 27th, 2007 with stocks: IF

Carl T. Delfeld submits: Many ETF investors have only a vague understanding of Indonesia, but it is a very important country with a population exceeding the US. It represents the largest Muslim country in the world and lies at a geographically strategic position as the next critical gateway of trade and commerce. It has also been one of the best performing markets in the world over the past 18 months and I use the closed-ended Indonesian Fund (IF) as a proxy for its stock market in our World Country ETF Rotation Strategy.

Mark Headly, CEO of Matthews Funds wrote the following update after a recent visit.
A few days visiting Indonesian companies in the sprawling capital city of Jakarta was enough to remind one of the complexities of this vast archipelago nation. With over 13,000 islands and more than 100 language groups, Indonesia is one of the most diverse nations on the planet. Both government and company management alike face many challenges in such an environment. Indonesia has gone through intense trials since the Asian Crisis ripped its economy and political system apart. On a visit in 2002, a tank was parked in front of my hotel. General Suharto's thirty year dictatorship left a vacuum that was very hard for a young democracy to fill. The hostility towards the small domestic Chinese population that dominated much of Indonesia's business community was particularly intense.

Today, one finds a relatively serene environment, but security at hotels and office buildings is tight, with all vehicles carefully inspected before they are allowed through security posts. The damage to Indonesia's reputation by the bombing in Bali and a prominent Jakarta hotel lingers on. Otherwise, this society seems to be moving forward with significant activity on the streets and in shops. Jakarta has progressed immensely from my first visit in 1991, but much remains to be done. Major infrastructure projects have been stalled for years. Urban unemployment remains high as foreign direct investors continue to shun a country known for aggressive labor unions, high levels of corruption and unreliable infrastructure.

A whole new social contract is being hammered out between the dominant island of Java and the many outlying population centers. In recent years, Indonesia has made money by selling it resources, agricultural goods and exported labor with much of this activity occurring on the outer islands of Sumatra and Kalimantan. For Indonesia to fully regain the confidence of international and domestic investors, the development of the major cities must proceed with government efforts that meet the needs of their populations and the business community. While this will not be easy, the odds seem in favor of Indonesia's millions of young and enthusiastic citizens
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Old June 28th, 2007, 10:53 PM   #20
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Quote:
Originally Posted by Ara View Post

...but it is a very important country with a population exceeding the US.
wrong!
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