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Old November 29th, 2010, 02:38 PM   #1
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Part VII | Economy, Trade, and Business

Thread ke-7

BI may up forex reserves requirement to absorb liquidity

Bank Indonesia (BI) may up the foreign exchange minimum reserves requirement (GWM) stored at the central bank in a bid to absorb excess forex liquidity, a top official says.

The central bank might “normalize” the minimum forex reserves requirement, restoring it back to the previous level, BI deputy governor Hartadi Sarwono said Monday.

BI lowered the amount of foreign exchange reserves that banks must store at the central bank in 2008, from three percent to one percent of a bank’s total third party funds.

“The excess liquidity is not only in rupiah, but also in foreign exchange. Yes, [the forex minimum reserves requirement] will be normalized,” he told reporters after an economic forum at the JW Marriott in Jakarta. (est)

http://www.thejakartapost.com/news/2...liquidity.html
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Old November 29th, 2010, 02:38 PM   #2
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Kadin: Ekonomi RI Bisa Setara China dan India

VIVAnews - Ketua Umum Kamar Dagang dan Industri (Kadin) Suryo B Sulisto menilai kekuatan ekonomi dunia telah bergeser ke Asia dengan China dan India sebagai motor utama pertumbuhan ekonomi.

"China dan India menjadi kekuatan ekonomi terdepan dan terkemuka," ujar Suryo di Jakarta, Kamis, 25 November 2010. "Kami berharap ke depan, Indonesia akan berada di posisi sejajar dengan China dan India."

Untuk menggapainya, pengurus Kadin yang baru siap menjadi mitra pemerintah guna mencapai target pertumbuhan perekonomian nasional, sekaligus memantapkan posisi Indonesia di tingkat dunia. "Tantangan ekonomi ke depan cukup kompleks dan berat. Kita harus bekerja keras. Kadin dan pemerintah harus kompak dan efektif menghadapi tantangan tersebut."

Dia mengatakan dengan kerja keras bersama pemerintah, tidak mustahil Indonesia bisa mendongkrak pertumbuhan ekonomi yang sekarang mencapai 6 persen tumbuh lebih pesat hingga dua digit.

Menurut dia, itu bisa dicapai dengan kebijakan probisnis, menghilangkan hambatan-hambatan berupa peraturan-peraturan dan keamanan. Di sisi lain, perlu ada insentif baik fiskal dan moneter, serta stimulus yang bisa menggairahkan sektor-sektor tertentu yang memiliki potensi.

Wakil Ketua Umum Kadin Bidang Organisasi, Keanggotaan, Pemberdayaan Daerah dan Tata Kelola Perusahaan, Anindya N Bakrie mengatakan Kadin akan menjadi motor pertumbuhan dan daya saing sekaligus jembatan antara pemerintah dan dunia usaha dalam proses pembangunan guna memantapkan posisi Indonesia sebagai pemimpin pemain regional.

"Tidak akan ada pertumbuhan tanpa pembangunan. Tidak ada pembangunan tanpa investasi baru, dan tidak akan ada investasi tanpa adanya daya saing. Daya saing juga tak akan bertambah tanpa pembangunan merata dan wawasan lingkungan," ujar Anindya.

Siklus ini digerakkan oleh swasta dan diarahkan oleh pemerintah sesuai dengan komitmen Indonesia pada dunia internasional. Menurut dia, Kadin harus mampu merespons perkembangan jaman secara cepat dan tepat untuk memperkuat daya saing, kapasitas produksi dan daya beli perekonomian domestik.

Anindya menekankan 65 persen produk domestik bruto (PDB) Indonesia berasal dari domestik dan menjadi alasan utama Indonesia dapat bertahan dari krisis dunia. Untuk mencapai PDB sebesar US$1-1,2 triliun, Indonesia harus memperbaiki tiga hal penting.

Pertama, pembenahan infrastruktur yang menjadi penghambat agar ekonomi dapat lebih cepat tumbuh. Kedua, PDB perkapita harus cepat tumbuh di pusat dan juga daerah. Ketiga, dari sisi laporan kerja baru dari pengusaha-pengusaha baru terutama pengusaha UMKM. Karena UMKM banyak menyerap tenaga kerja baru. (hs)

http://wap.vivanews.com/news/read/19...hina-dan-india
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Old November 29th, 2010, 02:39 PM   #3
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CT: Ekonomi RI Bakal Lima Besar Dunia

JAKARTA, KOMPAS.com - Ketua Komite Ekonomi Nasional (KEN) Chairul Tanjung memperkirakan perekonomian Indonesia akan tumbuh menjadi kekuatan ekonomi yang sangat diperhitungkan oleh negara lain dalam jangka menengah dan panjang.

Bahkan pemilik CT Transcorp ini memprediksi, pada 2030 mendatang ekonomi Indonesia akan berada pada urutan kelima negara dengan perekonomian terbesar dunia.

Pada 2010 masih berada diperingkat 13 dunia dan pada 2020 pada urutan ke-9 dengan catatan, negara-negara di Eropa digabung jadi satu kawasan sebab kalau dipecah Indonesia menjadi urutan ke-18.

"Saat ini saja prospek usaha di Indonesia sangat bagus dengan outlook yang bagus dengan pemerintahan yang konservatif," kata Chairul dalam seminar BNI Economic Outlook 2011 di Hotel JW Marriot Jakarta, Senin (29/11/2010).

Kondisi perekonomian yang terus membaik, menurut Chairul, membuat perekonomian Indonesia terus diperhitungkan. Tanda-tanda itu misalnya terlihat pada pertumbuhan GDP yang awalnya diperkirakan nomor dua.

"Tapi dikoreksi dan Oktober 2010 ternyata kita berada di nomor satu dengan mengalahkan Rusia dan diperkirakan GDP growth 12,8 persen dari IMF (Dana Moneter Internasional)," kata Chairul.

Dikatakan, saat ini Indonesia memasuki bonus demografi di mana jumlah orang berpenghasilan lebih besar dibandingkan orang yang tak berpenghasilan.

Puncak bonus demografi diperkirakan akan terjadi pada 2018 di mana setiap 100 orang berpenghasilan hanya menanggung beban ekonomi dari 55 orang yang tidak punya penghasilan.

Untuk 2010 ini, lanjut Chairul, pendapatan per kapita penduduk 3.000 dollar AS dengan purchasing priority 4.380 dollar AS sehingga dikategorikan ke dalam lower-middle income dari pasar negara berkembang (emerging market).

"Pada 2015 Indonesia akan masuk dalam upper middle income seiring meningkatnya konsumsi yang luar biasa dari penduduknya yang usia produktif dengan potensi bisnis yang diperhitungan negara lain," kata Chairul.

http://bisniskeuangan.kompas.com/rea...ma.Besar.Dunia
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Old November 30th, 2010, 04:07 AM   #4
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Philips names Asia background cost-cutter new CFO-UPDATE 3


Ron Wirahadiraksa

AMSTERDAM, Nov 29 (Reuters) - Philips named a healthcare executive with extensive Asian and restructuring experience as its new chief financial officer in a surprise move that gives Philips a new top duo to revamp its consumer unit.

Ron Wirahadiraksa, 50, a Dutch-Indonesian who spent several years working at a Philips' business in South Korea, has been CFO at Philips' healthcare unit since 2008.

During that time, healthcare and other Philips' divisions cut several thousand jobs in response to the global economic downturn in 2008-2009, and analysts expect further restructuring, including the sale of television and other consumer businesses.

Wirahadiraksa's appointment marks the second senior management change in the company in recent months and highlights the growing emphasis on the healthcare division at Philips, which is the world's third-largest hospital equipment maker after U.S.-listed General Electric and Germany's Siemens. Restructuring expert Frans van Houten will take over as chief executive at Philips on April 1.

Wirahadiraksa, a Dutch citizen with Indonesian roots, will take on the job as group CFO from March 31.

South Korea's LG.Philips LCD, now LG Display and where Wirahadiraksa was CFO from 1999-2008 plead guilty two years ago to a global price fixing scheme between 2001 and 2006 in a U.S. Justice Department case and paid $400 million in fines.

The European Commission also started an investigation in 2006 into suspected price-fixing on LCD panels.

"This case involves LG.Philips LCD and not Philips. The appointment of Mr. Wirahadiraksa as CFO is clearly a signal of the company's confidence in him," a Philips spokesman said.

Philips shares ended down 3.9 percent at 21.175 euros by 1616 GMT, lagging an Amsterdam blue chip index which was down 2 percent.

CONSUMER ELECTRONICS

The Dutch company has been struggling with sluggish sales at its consumer electronics unit, which sells toasters, shavers and TVs, and there has been talk it may have to abandon its three-pillar strategy -- of healthcare, consumer electronics and lighting -- given the limited synergies.

"The shortfall in revenue growth that Philips had to report in the second half of this year is an eye opener, as it shows that consumer electronics is still a problem area," SNS Securities analyst Victor Bareno said in a note ahead of Philips' investor day on consumer products on Dec. 1. "We expect this will trigger Philips to accelerate the exit strategy for these activities," Bareno said.

ING analyst Sjoerd Ummels said he expected Philips, which has already been outsourcing some TV production operations, to focus its consumer products on healthcare and personal care but did not think Philips would be breaking up soon.

"There is investor pressure for operational improvement and growth. This is what new management will have to realise. If this does not materialise in two years' time, shareholder pressure will rise," Ummels said.

Wirahadiraksa, who started at Philips in 1987, could help Philips grow in Asia thanks to his experience in the region and his Indonesian background
, Ummels said.

Wirahadiraksa helped lead the initial public offering of LG.Philips LCD on the Korean and New York Stock exchanges in 2004, Philips said in a statement.

Philips said the resignation of current CFO, Pierre-Jean Sivignon, whose term was until 2013, was for personal reasons and he would pursue his career outside the firm.

The news surprised outsiders.

"As a company you don't want your CEO and CFO to leave at the same time. That is bad planning," Jos Versteeg, analyst at Theodoor Gilissen, said. (Reporting by Gilbert Kreijger; Editing by Matthew Jones and Karen Foster)
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Old November 30th, 2010, 04:13 AM   #5
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Ron Wirahadiraksa- Biography



Ron Wirahadiraksa is Executive Vice President and Chief Financial Officer of Philips Healthcare.

Before joining Philips in 2008, Mr. Wirahadiraksa was President and Chief Financial Officer of LG.Philips LCD. As Joint Representative Director he was also an Executive Member of the Board of Directors.

While at LG.Philips LCD, Mr. Wirahadiraksa established the Chief Financial Officer position and Investor Relations function. He led the 2004 IPO at the NYSE and KSE and other major funding transactions, handled several multi-billion dollar capital expenditure projects and supported the significant growth and market leadership of the company.

Prior to LG.Philips LCD, Mr. Wirahadiraksa held financial executive roles for Philips in various businesses and regions, including Vice President and Chief Financial Officer of the Philips Flat Display Systems business group.

Mr. Wirahadiraksa graduated with a Doctoral in Business Economics from The Free University of Amsterdam, the Netherlands. He also graduated as a Certified Registered Controller.
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Old November 30th, 2010, 05:45 AM   #6
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Wah, dia lahir dimana, nama belakang seperti nama Sunda ningrat.
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Old December 1st, 2010, 04:35 AM   #7
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The roaring “Asian Tiger”

Mention Asia and most global investors will think China or India. But they may want to start paying attention to another country in the neighborhood.

In 2009, Indonesia had the world’s second-best performing stock market, up nearly 86%. And so far this year, it has climbed 45%.

That’s a far cry from October 2008?s dark days, at the peak of the global financial crisis. Back then, Indonesia’s Jakarta Composite Index fell 50%, and even had to shut down for three days.

But today, those troubles seem long past. Things are looking up for the archipelago… and anybody smart enough to invest in it.

Indonesia’s Remarkable Awakening

Indonesia has experienced remarkable change in the past few years.

Twelve years ago, it broke free from three decades of authoritarianism. Today, it has the world’s fourth largest population and is one of Asia’s fastest growing economies.

The country still has issues with deeply entrenched corruption, failing infrastructure and legal uncertainties. Yet it still offers big returns for investors to revel in.

Overall, Indonesia has sound economic fundamentals and sustainable economic growth at around 6%. It also boasts low benchmark interest rates, high foreign currency reserves and strong foreign direct investment.

That all factors into why the Japan Credit Rating Agency upgraded Indonesia’s government debt to investment grade this year.

It should know, since Japan is Indonesia’s largest, foreign, long-term investor. Investors there have long-kept parts of their fellow Asian nation in their portfolios.

Other countries are also beginning to take notice. In the World Economic Forum’s 2010-2011 Global Competitiveness Index rankings, Indonesia rose 10 spots to 44th place… the list’s third-biggest mover.

Indonesia’s Middle Class

Americans largely continue to view Indonesia as a commodities-based economy. But private consumption now makes up about two-thirds of the economy there.

It does have an abundance of natural goods such as coal, tin and palm oil. But its commodities sector has actually underperformed this year.

Instead, the consumer sector took off, thanks to the 60 million low-income Indonesian workers projected to join the middle class in the coming decade. If so, that makes the country the fastest growing consumer market after only China and India.

Market research company Euromonitor expects that to continue. It sees the number of Indonesian households with $5,000-$15,000 in annual disposable income growing from 36% of the population this year to over 58% by 2020.

The Asian Development Bank (ADB) also recently noted growth in Indonesia shifting from urban centers on the main island of Java to other parts of the country. And poverty reduction in such rural areas is much bigger than in the urban areas.

Big retailers, banks, automakers, insurers and consumer goods producers are tapping the growth. In return, they’re posting record profits this year.

Astra International (PINK: PTAIF), Indonesia’s biggest automaker, certainly is. Its shares have risen over 60% this year thanks to booming business. Astra’s vehicle sales rose 60% January – September 2010. And the larger share of that came from the islands of Sumatra, Sulawesi and Kalimantan.

As a whole, Indonesia is set to be the region’s largest automotive hub, producing 730,000 automobiles and 7.2 million motorcycles. Despite expanding factory capacity, Astra says it can’t keep pace with demand.

Investing in Indonesia

U.S. investors who want a part of Indonesia’s growth should try one of two ETFs.

iShares MSCI Indonesia Investable Market Index Fund (NYSE: EIDO): Fairly well balanced, it has about 29% in financials, 27% in consumer stocks and 22% in commodity stocks. It has about 13% in Astra International, its largest holding.

Market Vectors Indonesia Index ETF (NYSE: IDX): It contains about 27% in financial stocks, 23% in consumer stocks and 26% in commodity stocks. Its largest position is also in Astra, but only with 8%.

The only downside to investing in Indonesia is the possibility of a short-term stock bubble. Thanks to QE2, some U.S. dollars could rush in there in search of higher returns.
The search for hard assets has already sent some of its commodity producers’ stocks rocketing higher recently.

Fortunately, many companies there still boast growth well above their 2011 P/E ratios. And the Indonesian rupiah continues to gain against the dollar.

So in the long-term, Indonesia looks good… and is set to look even better.

Disclosure: Investment U expressly forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees and agents of Investment U (and affiliated companies) must wait 24 hours after an initial trade recommendation is published on online – or 72 hours after a direct mail publication is sent – before acting on that recommendation.

By Tony D’Altorio

http://goodnewsfromindonesia.org/201...g-asian-tiger/
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Old December 1st, 2010, 07:10 AM   #8
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Berapa Jumlah Miliarder di Indonesia?
Merrill Lynch dan Credit Suisse menyebutkan kekayaan orang Indonesia meningkat pesat.

VIVAnews - Indonesia dinilai sebagai negara dengan jumlah populasi orang kaya dengan pertumbuhan sangat signifikan. Bahkan, kekayaan orang Indonesia tumbuh tercepat di dunia dalam satu dekade ini.

Setidaknya, itu terungkap dari laporan yang VIVAnews himpun dari dua riset bank investasi top internasional yang baru-baru ini dirilis. Satu bersumber dari Credit Suisse Research Institute dalam laporan "Credit Suisse Global Wealth Report 2010". Satu lagi dari Merril Lynch Wealth Management, Bank of America dan Capgemini dalam laporan "Asia Pacific Wealth Report 2010".

Selain kekayaan secara rata-rata, kedua riset itu lebih menyoroti mereka yang masuk dalam kategori high net worth (HNW). Ini adalah istilah yang kerap mereka gunakan untuk menyebutkan seseorang yang memiliki harta atau kekayaan minimal US$1 juta atau Rp9 miliar.

Menurut Credit Suisse, di Indonesia jumlah pemilik kekayaan bersih di atas Rp9 miliar diperkirakan mencapai 60 ribu orang dewasa. Sebagian besar, lebih dari 80 persen kekayaan orang Indonesia tersebut diinvestasikan dalam instrumen non finansial, seperti properti baik bangunan dan tanah.

Bukan hanya untuk kelompok miliarder, secara keseluruhan, Credit Suisse mencatat rata-rata kekayaan orang Indonesia meningkat lima kali lipat dalam sepuluh tahun terakhir. "Ini adalah pertumbuhan spektakuler di dunia," kata Walter Berchtold, CEO Private Banking Credit Suisse dalam laporannya.

Di Indonesia, secara rata-rata, kekayaan bersih 150 juta warga dewasa rata-rata lebih dari US$2.300 pada tahun 2000. Sekarang, sudah melonjak menjadi US$12.000. Salah satu sumber kenaikan kekayaan warganya adalah dari kenaikan harga properti dalam satu dekade ini.

Sedangkan, menurut Merrill Lynch dan Capgemini jumlah miliarder Indonesia sebanyak 24 ribu orang yang memiliki kekayaan bersih di atas Rp9 miliar dengan total harta US$80 miliar.

Merrill Lynch dan Capgemini juga menilai orang kaya Indonesia cenderung memilih investasi tradisional, seperti properti dan deposito. Alokasi dana untuk investasi di bursa saham hanya sekitar 19-20 persen.

"China, India, Indonesia dan Thailand akan menjadi mesin utama pertumbuhan populasi orang makmur di kawasan Asia Pasifik," ujar Bertrand Lavayssiere, Direktur Pelaksana Global Financial Services, Capgemini dalam laporannya.

http://bisnis.vivanews.com/news/read...-di-indonesia-
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Old December 1st, 2010, 07:21 AM   #9
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Indonesia Economy to Grow 6.3 Percent in 2011

JAKARTA, KOMPAS.com - Indonesia’s economy is predicted to grow by 6.3 percent in 2011 or higher than the previous year but risks would also be higher, an economic observer said.

The country’s economic growth is predicted to be higher than 5.9 percent predicted in 2010 but also with a higher risk because Indonesia is located in a natural disaster-prone region, economist Anggito Abimanyu said here on Tuesday in a seminar on "Economic and Industry Outlook 2011.

The former economic vice minister said Indonesia sits on a region where 22 volcanoes are still active and therefore a better risk management would be needed especially insurance for people living around the mountains.

"We need to add natural disaster dimension to the Indonesian economic risks because 22 volcanoes are still active," he said.

Other risks include high inflation which is dominated by the rise in the price of rice and other staples. In 2010 the price of rice rises 15.2 percent while cooking oil 14 percent, he said.

Anggito said the price of basic necessaries also rose due to a shortage in rice stock compared to last year. "This year’s rice stock is smaller than last year’s while the government could not import rice from Vietnam because that country also suffers a shortage," he said.

He said the food crisis was not an easy problem but it could be made into a challenge and an opportunity. Anggito predicted the inflation rate next year would be less than five percent but the rate could continue driving foreign investors to come to the Indonesian market if Bank Indonesia continues to maintain its reference rate at 6.5 percent.

Regarding the rupiah exchange rate which is strengthening right now Anggito said that it was still within a competitive range for exporters. "The appreciation of the rupiah to between Rp8,900 and Rp9050 per US dollar is still competitive for exporters while other regional currencies are also appreciating," he said.

Anggito said he was optimistic Indonesia would achieve an investment grade in 2011 with manufacturing growth reaching 5.0 percent for the first time in the past 10 years.

http://english.kompas.com/read/2010/...ercent.in.2011
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Old December 1st, 2010, 11:18 AM   #10
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Indonesia Credit Rating on Review for Moody’s Upgrade

By Shamim Adam

December 01, 2010, 1:58 AM EST

Dec. 1 (Bloomberg) -- Indonesia’s credit rating may be raised by Moody’s Investors Service as growth and improving debt levels prompt upgrades of emerging emerging markets. Stocks and the rupiah rose.

Moody’s today placed the Southeast Asian nation’s debt on review for a possible upgrade after raising Indonesia’s credit rating outlook to positive in June, it said in a statement. The company has a Ba2 grade on Indonesia’s local- and foreign- currency debt after its last upgrade of the country to two levels below investment grade in September 2009.

“Indonesia’s economic resilience is accompanied by sustained macroeconomic balance,” Moody’s said. “The economic policy framework remains increasingly well positioned to deal with evolving macroeconomic challenges and potential shocks.”

Emerging-market nations from China to Brazil and Turkey are winning upgrades or positive outlooks on their sovereign rankings, highlighting the relative strength of developing economies amid soaring debt burdens in advanced nations from Greece to Japan.

Indonesia currently shares the same rating as Turkey and Bangladesh. A one-step upgrade will rank it alongside Greece, Egypt and Colombia.

The benchmark Jakarta stock index rose 1.2 percent to 3,573.33 at 12:18 p.m. local time, while the rupiah gained 0.2 percent to 9,023 per dollar.

Ireland’s Woes

Ireland, which became the second euro-area country to get a bailout, saw its debt rating lowered two steps by Standard & Poor’s on Nov. 23. S&P yesterday said it placed Portugal’s long- term and short-term foreign and local currency sovereign credit ratings on “CreditWatch” with “negative implications,” reflecting its inability to reduce its current-account deficit.

Moody’s raised China’s debt rating to its fourth-highest level of Aa3 on Nov. 11. A day later, S&P boosted the credit ranking of the Philippines to the highest in more than seven years.

Fitch Ratings increased the outlook on Turkey’s BB+ local and foreign currency bond ratings to positive from stable last week, while S&P said Brazil’s credit level may be raised because of its strong growth and a “well capitalized” banking sector.

S&P lifted Indonesia’s sovereign credit rating to BB from BB- on March 12, two levels below investment grade, with a positive outlook. Fitch Ratings on Jan. 25 raised its rating to one step below investment.

‘Well Warranted’

The Moody’s “move is well warranted in our view,” said Robert Prior-Wandesforde, head of India and Southeast Asia economics at Credit Suisse in Singapore. “If the country can keep inflation well contained over the coming year, then a move to investment grade beckons.”

“The review will have a positive impact on Indonesia,” said Destry Damayanti, an economist at PT Mandiri Sekuritas in Jakarta. “This affirms the confidence existing investors have in Indonesia and it will make new investors confident as well. If Indonesia is rated investment grade, it will attract foreign direct investment, not just to the financial market.”

Indonesia’s economy escaped a recession during last year’s global slowdown and its expansion has spurred capital inflows, pushed stocks to a record and lifted the rupiah to a three-year high.

“The recent improvement in Bank Indonesia’s foreign currency reserve position coupled with continuing reduction in the government’s debt burden are reducing risk perceptions and encouraging greater inflows of foreign direct investment and long-term capital,” said Aninda Mitra, lead sovereign analyst for Indonesia at Moody’s.

Interest Rates

The nation’s economic recovery “is being sustained alongside well managed external accounts and reasonably good inflation fundamentals,” Mitra said.

Bank Indonesia has refrained from raising interest rates from a record low this year, delaying an increase that could attract more funds at a time when emerging markets are luring investors away from developed economies.

Inflation accelerated in November, to an annual pace of 6.33 percent, the Central Bureau of Statistics said today, breaching the central bank’s target range of 4 percent to 6 percent for 2010 and 2011. The benchmark rate of 6.5 percent is “still relevant” for achieving the central bank’s inflation goal next year, Deputy Governor Budi Mulya said Nov. 24.

Political Risk

“Amidst growing inflows of foreign portfolio investment, monetary stability alongside ongoing policy flexibility are enabling Indonesian authorities’ to gradually deepen money markets and heighten financial absorption capabilities,” Mitra said.

The key risk to Indonesia’s rating outlook is in the country’s political system, where opposition from coalition partners has slowed government efforts to implement economic changes, Moody’s said.

“However, this has not yet impacted overall policy management capabilities or near-term economic prospects,” Mitra said. “If bank supervision is constrained by political interference or poor governance, the risk of a shock to the real economy or to the government’s contingent liabilities could rise.”

--With assistance from Novrida Manurung in Jakarta and Victoria Richards in Sydney. Editors: Sunil Jagtiani, Chris Anstey

To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net

To contact the editor responsible for this story: Chris Anstey at canstey@bloomberg.net

source http://www.businessweek.com/news/201...s-upgrade.html

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Old December 1st, 2010, 11:32 AM   #11
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Our exports breached another record high

Indonesia's Exports Increase In October

12/1/2010 1:04 AM ET

(RTTNews) - Indonesia's exports value increased 16.14% year-on-year to US$14.22 billion in October, the Statistics Indonesia said on Wednesday.

On a monthly basis, exports grew 16.72% in October. Non-oil exports recorded an annual growth of 14.55% during the month, while rising 14.926% from the previous month.


In the January to October period, the value of exports grew 35.45% to US$125.13 billion and non-oil exports increased 32.21% to US$103.40 billion.

Meanwhile, imports value increased 28.80% year-on-year to US$12.15 billion in October. From September, imports grew 25.81%. For the January to October period, the imports value rose 40.95% compared to the same period of the previous year.

Non-oil imports increased 27.54% in October from the previous month, but imports grew 39.98% for the first ten months of the year.

by RTT Staff Writer

source http://www.rttnews.com/Content/Asian...d=1494230&SM=1

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Old December 1st, 2010, 05:29 PM   #12
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I just wondering, if Indonesia will become the 5th powerful economy country in 2030, where are those neighbouring country will be on the list? Just curious.......hmmmmm
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Old December 2nd, 2010, 06:31 AM   #13
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most powerful, based on GDP. Neighboring countries will be still there. The most powerful doesn't always mean most advanced economy. We are still talking about 'Labour Economics' these days, when other are talking 'Innovation Economics'..hope you get my point
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Old December 2nd, 2010, 09:54 AM   #14
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Waking up a sleeping giant

PT Telkom Tbk. has caught investor attention over the past few years with its bold strategy to transform itself from a pure telecommunications giant to a multimedia company. Market analysts like the story and have pushed the stock price up to Rp9,000 over the past few weeks. Leading the charge is president director and CEO Rinaldi Firmansyah, the first outsider to lead the state-owned company.



When Rinaldi Firmansyah joined PT Telkom Tbk. as chief financial officer in 2004, he was the first outsider to be admitted to the board of directors of the state-owned telecommunications company. His first day at work was no walk in the park and he soon learned that the task before him was enormous.

The company faced some serious issues in those days. Its financial report had been rejected by the Stock Exchange and it was his job to fix the problem. An investment banker by training, Rinaldi rolled up his sleeves and got to work.

“It was a long first day and the days got longer in the first few months,” he recalls in an interview with GlobeAsia. “Sometimes I slept in the office as we used to work through the night as I also had to coordinate with New York.”

Apart from internal issues, the company also faced rising competition from new and more aggressive rivals. There are now 11 telecommunication operators and the battle for market share has driven call prices down, including interconnectivity tariffs, which were a major revenue stream for Telkom.

A price war in the cellular sector in 2007 and 2008 was also eating into profits as mobile phone operators fought tooth and nail for market share. Telkomsel, the cellular subsidiary of PT Telkom, was particularly hard hit as it is the dominant player in the industry.

Change was absolutely necessary if the company was to survive and grow. Rinaldi proved to be the right man at the right time to take over the helm of the telecommunications giant and chart a new course.

Those days of sleeping in the office now seem a distant past. Rinaldi himself has been promoted to president director and chief executive officer of the listed company. Over the past three years, he has slashed costs significantly by reducing the workforce, entered into new business areas such as cable television and data transmission and forged a new corporate culture at the company.

Having put Telkom on a firm financial footing, he is now undertaking an even bigger challenge: to transform the company into a lean, competitive and innovative multimedia enterprise.

“About three to four years ago, we realized that telecommunications was just a commodity,” he notes. “That is when we started our transformation from being a telco to being multimedia player.”

Today, Telkom has five main business pillars – fixed line, cellular, communication data and applications, which includes cable television and internet providers, network and interconnection and fixed wireless access. These businesses are now grouped under the acronym TIME – telecommunications, information, media and edutainment.

“This was a bold move for us but we knew we had to modernize our infrastructure or we would see our market position erode,” says Rinaldi. He notes that unlike his main competitors who focus on new growth areas, Telkom still has to service its fixed-line customers, even though the business is declining.

Fixed-line business has been drying up for three consecutive years, shedding nearly Rp2 trillion ($220 million) in revenue while costs have remained constant. The fixed-line business has now stabilized and started to show growth again in the first half of this year,

Telkom, says Rinaldi, had no choice but to transform itself. To compensate for the lost revenue from its fixed-line business, the company invested in a number of new businesses. Those investments are now starting to payoff.

Over the past four years, the company spent Rp2 trillion a year upgrading its fixed-line network and offering new services and products. It spent another Rp500 billion per year improving its IT system and Rp1.3 trillion acquiring new businesses. “Now the industry looks at us as a market leader and innovator instead of a lazy incumbent,” says Rinaldi.

New Equilibrium


There is no doubt that changes are needed. While Telkom’s revenue was up 5% in the first half of 2010 at Rp34.243 trillion, from Rp32.612 trillion a year earlier, net profit slipped 0.7% due to higher operating costs and lower foreign exchange earnings.

Nevertheless, Rinaldi’s new strategic push has begun to be noticed by investors and market players. According to Raymond Kosasih, research analyst at Deutsche Bank Verdhana Indonesia, the cellular industry is doing much better now than it was 15 to 18 months ago. “A new equilibrium is being formed and top-line growth has recovered.”

He believes cellular prices have reached bottom and are unlikely to fall further. This is good news for Telkomsel as it will allow the company to post a much stronger second-half performance. This will translate into a much better performance for Telkom as a whole.

“We like PT Telkom in general and we have a buy recommendation on the stock,” says Raymond. “The TIME strategy makes sense as it will help the company maintain its growth strategy.” Looking at the past three quarters, he says in a recent report that he expects the top three telcos to maintain their market share.

“This equilibrium has been achieved on the back of healthy revenue increase of 13.5% year-on-year – perhaps the highest in the region. We expect future changes in market share to be driven more by operators’ share of industry growth which we think will be evenly split,” the report notes.

Going forward, the key challenge for Rinaldi and Telkom will be to implement the TIME strategy and implement further cost-efficiency programs, notes Raymond. Near-term revenue growth will still come from its fixed line and cellular business while over the longer term the company will reap the benefits of pushing into cable television and data.

“In the long term, the TIME strategy makes sense but it is coming from a very small base,” says Raymond. “Personnel costs currently make up the second largest cost component for Telkom so trimming staff numbers is important for the bottom line.”

Harry Su, senior vice president and head of research at Bahana Securities, agrees, noting that Telkom has little choice but to undertake the changes. “It’s part of the natural transition of the company from fixed-line to cellular and now to data and multimedia.”

“Telkom has until now been seen as a sleeping giant reacting to what the competitors are doing,” he adds. “To be fair, as a state-owned enterprise, they have done well in maintaining their number one position in the industry.”

He predicts that the telecommunications sector will continue to post healthy growth over the next few years, even though penetration rates are now relatively high. Diversification will be the main challenge faced by all the major players in the industry.

Transforming from within


Rinaldi understand the dynamics of change only too well. The company has to change or die a natural death.

Perhaps the new corporate culture at Telkom is best reflected by its new logo, a blue circle with an orange-colored open palm. This is the first time the company has changed its logo since going public in 1995 when its monopoly on fixed lines was dismantled.

With its new tagline “The world is in your hands,” Telkom is also looking ahead rather than living on its past glories as it seeks to meet changing customer demands.

Going deeper, beyond the public image, Rinaldi is attempting to transform the very heart of the corporation. Having sorted out its business strategy and competitiveness, his next challenge was to change the corporate culture of the organization.

The first thing he had to do was trim the size of the company from more than 30,000 employees to its current level of 25,000. The cuts were made in the fixed-line division, where the number of employees fell from 26,000 to 21,000. “There is no other state owned company that has been able to reduce the number of employees like Telkom. We understood that we needed new blood to enter into new markets.”

The process, he adds, is ongoing as new technology will require further streamlining of operations. Layoffs, however, are voluntary and employees are given several options. One of the main changes he has made has been to consolidate and centralize back-office operations to make them more efficient.

“No Telkom CEO in the past was bold enough to centralize the IT, HR and finance functions,” says Rinaldi. “It was tough as there was rejection but now with only two regional offices from seven previously, we can move faster.”

His next big challenge will be to grow the new wave businesses as quickly as possible. Content, he says, will be king in the future and Telkom must be able to compete on this front. “The industry is moving towards content-based operations and we have to be able to provide content on our network.”

Content and new electronic gadgets that can download content will be the wave of the future. This trend poses a huge dilemma for the telco industry as it provides the network but the growth is in content.

“Everyone is Googling on our network but we earn nothing,” he notes. “Content is an industry with many small players while telecommunications is a capital-intensive industry with a few players. We must find some way to cooperate.”

The overall industry, says Rinaldi, is still growing fast. Teledensity in Indonesia is now close to 80% with 180 million cellular subscribers. Telkom has half with 90 million subscribers.

The fixed broadband industry has a low 2 million subscribers, offering great potential, with growth currently at between 8% and 12% per year. Telkom’s new wave businesses currently contribute 15% of consolidated revenue. Rinaldi’s target is to increase this to 25% by 2014.

“My challenge is to defend the legacy and grow the new wave business,” says Rinaldi. “We want to be a leader in each area of our business and at the moment we are only number one in telecommunications. There is a lot of work to be done.” GA

http://www.globeasia.com/index.php?o...tory&Itemid=10
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Old December 2nd, 2010, 10:01 AM   #15
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Rupiah Strengthens against US Dollar

JAKARTA, KOMPAS.com - The rupiah strengthened against the US dollar in the Jakarta interbank spot market here Thursday morning, following a slump in the greenback’s exchange rate in regional markets.

The Indonesian currency traded Rp9,001-Rp9,010 per US dollar, up 17 points from Rp9,018-Rp9,028 per US dollar at the market’s close a day earlier.

Several positive external factors had also prompted investors to actively buying the local currency, according to President Director of Finan Corpindo Nusa Edwin Sinaga.

"We are optimistic that the rupiah on Thursday afternoon will move upward further, because the positive factor is getting stronger," he said.

http://english.kompas.com/read/2010/...inst.US.Dollar
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Old December 3rd, 2010, 12:39 AM   #16
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PERTUMBUHAN 6 PERSEN,
Pengangguran Turun Sedikit

JAKARTA, KOMPAS.com - Badan Pusat Statistik (BPS) menilai angka pengangguran terbuka turun tidak signifikan. Pasalnya, pertumbuhan ekonomi hanya sekitar 6 persen saja.

BPS mencatat, tingkat pengangguran terbuka pada Agustus lalu mencapai 7,14 persen. Angka ini turun sedikit dari tingkat pengangguran terbukat Februari 2010 lalu yang sebesar 7,41 persen.

Sementara, jumlah angkatan kerja pada Agustus lalu mencapai 116,5 juta orang. Angka ini bertambah sekitar 530.000 orang jika dibandingkan angkatan kerja Februari lalu yang sebesar 116 juta orang. Sementara, jumlah angkatan kerja Agustus 2009 lalu sebesar 113,8 juta orang.

Kepala BPS Rusman Heriawan mengatakan, bila pertumbuhan ekonomi lebih tinggi maka lapangan pekerjaan akan lebih banyak. "Makin berkurang pengangguran," kata Rusman, kemarin (1/12/2010).

Dalam setahun terakhir, hampir semua sektor mengalami kenaikan jumlah pekerja. Tapi, untuk sektor pertanian dan transportasi, pergudangan dan komunikasi, masing-masing mengalami penurunan jumlah pekerja sekitar 117 ribu orang atau 0,28 persen dan 500.000 orang atau 8,16persen. “Sektor pertanian, perdagangan, jasa kemasyarakatan dan industri secara berurutan menjadi penyumbang terbesar penyerapan tenaga kerja pada bulan Agustus 2010,” tandasnya. (Irma Yani/Kontan)

http://bisniskeuangan.kompas.com/rea....Turun.Sedikit
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Old December 3rd, 2010, 07:18 AM   #17
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Inilah 40 Orang Terkaya Indonesia

JAKARTA, KOMPAS.com — Menjelang pergantian tahun, majalah Forbes kembali merilis daftar 40 orang terkaya di Indonesia pada 2010.

Pemilik Grup Djarum, R Budi dan Michael Hartono, masih nomor satu terkaya di Indonesia dengan kekayaan sekitar 11 miliar dollar AS atau sekitar Rp 100,1 triliun (kurs Rp 9.200 per dollar AS).

Kekayaan orang-orang kaya Indonesia ini pun meningkat tajam dibandingkan dengan tahun lalu. Tahun lalu kekayaan pemilik Grup Djarum ini sekitar 8 miliar dollar AS.

Secara keseluruhan, kekayaan 40 orang terkaya Indonesia ini mencapai 71 miliar dollar AS atau naik 29 miliar dollar AS dibandingkan dengan tahun lalu yang 42 miliar dollar AS.

Naiknya kekayaan para taipan Indonesia ini disebabkan harga komoditas, seperti hasil tambang batubara dan minyak sawit, yang sedang membaik.

Ini terlihat dari masuknya salah seorang taipan baru ke dalam 40 orang terkaya Indonesia ini, yaitu pengusaha tambang batubara Kiki Barki. Pemilik PT Harum Energy Tbk ini menyodok ke urutan ke-11 orang terkaya Indonesia dengan total kekayaan 1,7 miliar dollar AS.
Berikut 40 orang terkaya versi Forbes:
1. R Budi & Michael Hartono 11 miliar dollar AS
2. Susilo Wonowidjojo 8 miliar dollar AS
3. Eka Tjipta Widjaja 6 miliar dollar AS
4. Martua Sitorus 3,2 miliar dollar AS
5. Anthoni Salim 3 miliar dollar AS
6. Sri Prakash Lohia 2,65 miliar dollar AS
7. Low Tuck Kwong 2,6 miliar dollar AS
8. Peter Sondakh 2,4 miliar dollar AS
9. Putra Sampoerna 2,3 miliar dollar AS
10. Aburizal Bakrie 2,1 miliar dollar AS
11. Kiki Barki 1,7 miliar dollar AS
12. Eddy William Katuari 1,65 miliar dollar AS
13. Edwin Soeryadjaya 1,6 miliar dollar AS
14. Boenjamin Setiawan 1,5 miliar dollar AS
15. Garibaldi Thohir 1,45 miliar dollar AS
16. Sukanto Tanoto 1,4 miliar dollar AS
17. Theodore Rachmat 1,35 miliar dollar AS
18. Chairul Tanjung 1,25 miliar dollar AS
19. Murdaya Poo 1,15 miliar dollar AS
20. Ciliandra Fangiono 1,1 miliar dollar AS
21. Benny Subianto 1,05 miliar dollar AS
22. Arifin dan Hilmi Panigoro 985 juta dollar AS
23. Sjamsul Nursalim 850 juta dollar AS
24. Agus Lasmono Suwikatmono 845 juta dollar AS
25. Kartini Muljadi 840 juta dollar AS
26. Tahir 805 juta dollar AS
27. Sandiaga Uno 795 juta dollar AS
28. Mochtar Riady 730 juta dollar AS
29. Ciputra 725 juta dollar AS
30. Hashim Djojohadikusumo 680 juta dollar AS
31. Harjo Sutanto 650 juta dollar AS
32. Trihatma Haliman 600 juta dollar AS
33. Hary Tanoesudibjo 595 juta dollar AS
34. Kusnan dan Rusdi Kirana 580 juta dollar AS
35. Wiwoho Basuki Tjokronegoro 575 juta dollar AS
36. Engki Wibowo dan Jenny Quantero 560 juta dollar AS
37. Husain Djojonegoro 545 juta dollar AS
38. Eka Tjandranegara 525 juta dollar AS
39. Sutanto Djuhar 490 juta dollar AS
40. Prajogo Pangestu 455 juta dollar AS

http://bisniskeuangan.kompas.com/rea...kaya.Indonesia
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Old December 3rd, 2010, 07:20 AM   #18
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Menkeu: Peringkat Indonesia Layak Naik

JAKARTA, KOMPAS.com - Moody's Investor Service berencana meningkatkan peringkat Indonesia. Menanggapi rencana itu, Menteri Keuangan, Agus Martowardojo, menyatakan, peringkat Indonesia memang layak naik lantaran kinerja ekonomi saat ini berjalan baik

Agus menilai, kinerja ekonomi mulai meningkat setelah krisis global usai. Oleh sebab itu, kata Agus, jika Moody's meningkatkan rating Indonesia, pemerintah akan menyambut baik dan bersyukur.

Menurut Agus, kinerja ekonomi yang baik itu tampak dalam balance of payment atau neraca pembayaran dan balance of trade atau neraca perdagangan. Cadangan devisa juga terus meningkat. Posisi cadangan devisa saat ini telah mencapai 93 miliar dollar AS.

Selain itu, kata Agus, pengendalian inflasi serta upaya mengelola subsidi juga bisa menjadi faktor mendorong kenaikan peringkat itu. "Itu sudah merupakan kondisi awal bagi kita untuk bisa menerima kenaikan rating," ujar Agus usai sidang kabinet paripurna di kantor Presiden, Kamis (2/12/2010).

Sekadar catatan saja, sebelumnya, Moody's telah menetapkan peringkat surat utang Indonesia di level Ba2. Posisi ini hanya berada dua level dibawah peringkat layak investasi atau investment grade.

Agus menambahkan, apabila Indonesia bisa masuk ke level invesment grade, yield untuk surat utang negara menjadi lebih rendah. Dengan kata lain, jika kembali menerbitkan surat utang, bunga yang harus kita bayar semakin murah. (Hans Henricus/Kontan)

http://bisniskeuangan.kompas.com/rea...sia.Layak.Naik
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Old December 3rd, 2010, 08:31 AM   #19
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Quote:
1. R Budi & Michael Hartono 11 miliar dollar AS
2. Susilo Wonowidjojo 8 miliar dollar AS
3. Eka Tjipta Widjaja 6 miliar dollar AS
4. Martua Sitorus 3,2 miliar dollar AS
5. Anthoni Salim 3 miliar dollar AS
6. Sri Prakash Lohia 2,65 miliar dollar AS
7. Low Tuck Kwong 2,6 miliar dollar AS
8. Peter Sondakh 2,4 miliar dollar AS
9. Putra Sampoerna 2,3 miliar dollar AS
10. Aburizal Bakrie 2,1 miliar dollar AS
11. Kiki Barki 1,7 miliar dollar AS
12. Eddy William Katuari 1,65 miliar dollar AS
13. Edwin Soeryadjaya 1,6 miliar dollar AS
14. Boenjamin Setiawan 1,5 miliar dollar AS
15. Garibaldi Thohir 1,45 miliar dollar AS
16. Sukanto Tanoto 1,4 miliar dollar AS
17. Theodore Rachmat 1,35 miliar dollar AS
18. Chairul Tanjung 1,25 miliar dollar AS
19. Murdaya Poo 1,15 miliar dollar AS
20. Ciliandra Fangiono 1,1 miliar dollar AS
21. Benny Subianto 1,05 miliar dollar AS
21 billionaires in 2010.... the most in ASEAN i believe

full stories dari forbes

Quote:
Despite recent volcanic activity, Indonesia's star is shining bright. Its stock index has outperformed those of all other major Asian economies, up more than 50% in dollar terms so far this year. Only Mongolia's and Sri Lanka's markets did better. No surprise then that the country's richest enjoyed big gains. Their total worth surged to $71 billion, up from $42 billion last year, hitting an all-time record.

In another first, more than half of the top 40 are billionaires, up from last year's dozen. The Hartono brothers retain the top spot for the second year in a row with a net worth of $11 billion. They inherited clove cigarette maker Djarum from their father, but these days get the bulk of their wealth from Bank Central Asia, the country's largest bank, which returned to the ranks of the Forbes Fab 50 this year.

Behind them is Susilo Wonowidjojo, the year's biggest dollar gainer, worth $8 billion, up from $2.6 billion. His family still gets the bulk of their wealth from Gudang Garam, the country's largest clove cigarette maker. Sixteen of the 21 billionaires made their fortunes in coal or palm oil.

We were able to identify seven new entrants, worth a total of over $8 billion. Several, including Kiki Barki of coal miner Harum Energy, debut thanks to recent initial public offerings, of which Indonesia was one of the most *active markets in Asia. He is one of five coal tycoons to make their first appearance on this top 40 list.

The richest of all newcomers is Sri Prakash Lohia, a native Indian who is now an Indonesian citizen and controls Indonesia's largest polyester manufacturer, Indorama Synthetics. His brother Ashoke, who is based in Thailand, is also a billionaire, as is his brother-in-law Lakshmi Mittal, who is Asia's second-richest citizen but lives in London, where the Indonesian Lohia too has a home.

It was also a notable year for deal-making for Indonesia's richest. Chairul Tanjung, for instance, bought a 40% stake in Carrefour's Indonesian operations for $300 million. Peter Sondakh's Rajawali sold its stake in cement firm Semen Gresik for $1.1 billion. The Bakrie family announced a $3 billion deal with Europe's Rothschild family, in which it traded shares in its coal outfit for a stake in London-listed Vallar.
source http://www.forbes.com/2010/11/30/ind...-10-intro.html

So now we have ex-Singaporean citizen, Dato Low Tuck Kwong, we also have ex Indian citizen, Mr Sri Prakash Lohia

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Old December 3rd, 2010, 12:20 PM   #20
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The Native Indian Turns to be Indonesian Rich Citizen

KOMPAS.com - Despite recent volcanic activity, Indonesia's star is shining bright. Its stock index has outperformed those of all other major Asian economies, up more than 50% in dollar terms so far this year.
Only Mongolia's and Sri Lanka's markets did better. No surprise then that the country's richest enjoyed big gains. Their total worth surged to $71 billion, up from $42 billion last year, hitting an all-time record.

In another first, more than half of the top 40 are billionaires, up from last year's dozen. The Hartono brothers retain the top spot for the second year in a row with a net worth of $11 billion. They inherited clove cigarette maker Djarum from their father, but these days get the bulk of their wealth from Bank Central Asia, the country's largest bank, which returned to the ranks of the Forbes Fab 50 this year.

Behind them is Susilo Wonowidjojo, the year's biggest dollar gainer, worth $8 billion, up from $2.6 billion. His family still gets the bulk of their wealth from Gudang Garam, the country's largest clove cigarette maker. Sixteen of the 21 billionaires made their fortunes in coal or palm oil.

We were able to identify seven new entrants, worth a total of over $8 billion. Several, including Kiki Barki of coal miner Harum Energy, debut thanks to recent initial public offerings, of which Indonesia was one of the most active markets in Asia. He is one of five coal tycoons to make their first appearance on this top 40 list.

The richest of all newcomers is Sri Prakash Lohia, a native Indian who is now an Indonesian citizen and controls Indonesia's largest polyester manufacturer, Indorama Synthetics. His brother Ashoke, who is based in Thailand, is also a billionaire, as is his brother-in-law Lakshmi Mittal, who is Asia's second-richest citizen but lives in London, where the Indonesian Lohia too has a home.

It was also a notable year for deal-making for Indonesia's richest. Chairul Tanjung, for instance, bought a 40% stake in Carrefour's Indonesian operations for $300 million. Peter Sondakh's Rajawali sold its stake in cement firm Semen Gresik for $1.1 billion.

The Bakrie family announced a $3 billion deal with Europe's Rothschild family, in which it traded shares in its coal outfit for a stake in London-listed Vallar.

The minimum required to make the list was $455 million, up from $240 million last year and a huge jump from 2008's $55 million. Only four people on the list are worth less than they were last year.
Eight from 2009 fell out of the ranks, making room for the newcomers as well as Sjamsul Nursalim, who returns to the list after a one-year absence. Among the notable drop-offs are Soegiarto Adikoesoemo of sorbitol maker AKR and Paulus Tumewu of retailer Ramayana, both of whose fortunes rose, but not enough to keep pace.

Methodology
Net worths were calculated using Nov. 15 stock prices and exchange rates. Privately held companies were valued by comparing them to similar publicly traded companies. Unlike the Forbes billionaires ranking, which focuses on individual wealth, the Indonesia list reflects a number of family fortunes.

http://english.kompas.com/read/2010/...Rich.Citizen-5
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