Tag: Infrastructure
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Berita Hari Ini Infrastructure
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An Update on the Construction of Indonesia’s New Capital City – Nusantara – in East Kalimantan
It has been a while since we last covered Indonesia’s new capital city in our monthly reports (the last time was in December 2021 to be exactly). And therefore, it might be a good idea to see what has happened over the past nine months or so in relation to the development of this giant construction project.
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National Strategic Projects in Indonesia; Revision Through New Regulation
On 22 July 2022 a new regulation came into effect, titled Coordinating Minister for Economic Affairs Regulation No. 9 of Year 2022 on the Amendment of Coordinating Minister for Economic Affairs Regulation No. 7 of Year 2021 on the Amendment of the List of National Strategic Projects (henceforth: Regulation 9/2022).
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New Indonesia Investments' Report Released - October 2021
On Monday (08.11.2021) Indonesia Investments released its October 2021 report. This report discusses a range of subjects - related to political developments, the economy and social matters - that were influential in Indonesia in the month of October 2021.
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Need for More Capital Injections into Indonesia's ‘Bleeding’ State-Owned Enterprises
On 8 June 2021 Indonesian Minister of State-Owned Enterprises Erick Thohir told Commission VI of the House of Representatives (DPR) that he proposes to raise the budget for capital injections into state-owned enterprises (SOEs) in 2022. The main reason is that the SOE Ministry wants to inject (additional) capital into 12 SOEs.
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Ports in Indonesia; Patimban Seaport Soon Ready to Become Indonesia’s Automotive Export Hub
In November 2020 the Patimban seaport is expected to open in Subang (West Java). Although it is only the soft launch of the project’s first phase, it is no small matter as this port is set to be developed into Indonesia’s biggest port by 2027.
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Indonesia Investments' Monthly Report Released: September 2020 Edition - Infrastructure in Focus
On Monday (05/10/2020) Indonesia Investments released the September 2020 edition of its monthly report. In this edition, titled 'Infrastructure in Focus', we focus on infrastructure development in Indonesia. For example we discuss how the lack of infrastructure development undermines economic and social development.
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President Joko Widodo’s Vision for Indonesia in the 2019-2024 Period
On Sunday 14 July 2019 Indonesian President Joko Widodo unveiled his vision for Indonesia in the 2019-2024 period, which will be his second – and final - term as president of Southeast Asia’s largest economy (with the inauguration of his new cabinet scheduled for late-October 2019).
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Indonesian Economy: Solid Gross Domestic Product (GDP) Growth in 2018
In line with our forecast, Indonesia’s economic growth continued to accelerate in 2018. Based on data from Statistics Indonesia (Badan Pusat Statistik, or BPS), which were released in early February 2019, the country’s gross domestic product (GDP) expanded 5.17 percent year-on-year (y/y) in full-year 2018, up from a growth rate of 5.07 percent in the preceding year.
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Three Strategic National Projects of Indonesia to Be Completed in 2019
The construction of three national strategic projects - worth a combined IDR 70 trillion (approx. USD $5 billion) - is targeted to be completed before the end of 2019. These three projects are: (1) the first phase of Jakarta's mass rapid transit (IDR 16 trillion), (2) the New Yogyakarta International airport (IDR 10.8 trillion), and (3) the Patimban seaport in Subang, West Java (IDR 43.2 trillion).
Artikel Terbaru Infrastructure
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20 Japanese Food and Beverage Companies Plan to Invest in Indonesia
A total of twenty Japanese companies engaged in the food and beverage industry are exploring investment opportunities in Indonesia. According to research conducted by the Japan International Cooperation Agency (JICA), the food and beverage industry of Indonesia is regarded as a lucrative investment opportunity by these companies. If realized, these foreign direct investments could be worth between USD $400 million to USD $1 billion. However, JICA’s research did not mention any names of the Japanese companies.
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Indonesia Vulnerable to Land Disputes as Few Plantation Estate is Registered
The plantation sector of Indonesia is vulnerable to land disputes. Noor Marzuki, a Director at the National Land Agency (Badan Pertanahan Nasional, or BPN), a non-departmental government institution, said that currently only 30 percent of Indonesia's total plantation estate area has been registered at the BPN. This implies that 70 percent of Indonesian plantation estates are unregistered and thus susceptible to land conflicts. The total size of Indonesia's plantation estate area is 120 million hectares.
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What are the Best Performing Indonesian Stocks so Far in 2014?
Regarding stock trading on the Indonesia Stock Exchange, investors who focused on property, banking and infrastructure stocks have made the highest profit so far in 2014. Although all sectoral indices that are contained within the benchmark stock index of Indonesia, known as the Jakarta Composite Index (abbreviated IHSG) have shown a good performance, the three aforementioned sectoral indices stand out as the country's top performers. Indonesia's IHSG has risen 16.14 percent between 1 January and 26 May 2014.
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Indonesian Cement Sales Decline in April 2014 due to Legislative Election
Indonesian cement sales fell 0.4 percent (year-on-year) to 4.52 million tons in April 2014. The decline in cement sales was the result of the country’s legislative election that was held on 9 April 2014 as consumers bought few building materials during the campaign period. Head of the Indonesian Cement Association (ASI) Widodo Santoso stated that a number of large infrastructure projects are currently being tendered and are thus unable to boost domestic cement sales yet.
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World Bank: East Asia Pacific at Work: Employment, Enterprise & Well-Being
As rapid economic development has pushed the percentage of people working in most East Asian countries to among the highest in the world, policy makers should enact labor regulations and social protection policies to benefit all workers, including those in the large informal economy, according to a new World Bank report, East Asia Pacific at Work: Employment, Enterprise and Well-Being (released on 8 May 2014). Current regulations, however, favor salaried, prime-age males at the expense of women and youth.
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Jakarta's Giant Sea Wall & National Capital Integrated Coastal Development
The Indonesian government is still studying the feasibility study for the National Capital Integrated Coastal Development (NCICD) masterplan. The NCICD masterplan, a joint project between the governments of Indonesia and the Netherlands, aims to protect the capital city of Jakarta against floods caused by high tides and faciliates sustainable development of Jakarta. The masterplan is developed by a consortium headed by Witteveen+Bos (main contractor) and Grontmij, with subconsultants KuiperCompagnons, Deltares, Ecorys and Triple-A.
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Fitch Ratings Survey Shows Optimistic View on Indonesian Economy
Fitch Ratings, one of the three major global credit rating agencies, said that its latest annual survey on economic prospects and the business climate in Indonesia indicates an optimistic view. Respondents in the survey, mostly CEOs and Division Heads at financial institutions, companies, government and media, were asked 11 questions about the Indonesian economy, reformation and prospects for the next five years. Andrew Steel, Managing Director Head of Asia Pacific Corporate Ratings Group, presented results of the survey.
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Without Reform, Indonesia's Oil Imports Reach 1.6 Million Bpd by 2020
Imports of oil will accelerate to 1.6 million barrels per day (bpd) by 2020 if fuels continue to be subsidized by the Indonesian government. This development will seriously burden Indonesia's trade balance (and current account). In 2013, Indonesia posted a trade deficit of USD $12.6 billion in the oil & gas sector. Due to improved performance in the non-oil & gas sector, the overall trade deficit was kept at USD $4.06 billion. Besides placing downward pressure on the rupiah exchange rate, expensive subsidies also burden the state budget.
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Tourism in Indonesia: Terrorism, Infrastructure and Asean Common Visa
Tourism in Indonesia has posted impressive growth rates in recent years. This development is due to the fact that Indonesia has plenty of beautiful sites and cultural traditions to offer to foreign (and domestic) tourists, improved airline accessibility to Indonesia, and enhanced focus on promotional campaigns in foreign countries. Lastly, and not unimportantly, there have been no violent terrorist attacks in recent years. In the 2000s, a vicious terrorist attack always resulted in a temporary drop in foreign tourist arrivals.
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Infrastructure Development Update Indonesia: Trans-Sumatra Highway
In 2015, Indonesia's Ministry of Public Works will start with the land acquisition process for the construction of the Trans-Sumatra Highway. This highway is a 2,732.2 kilometers-long toll road connecting Banda Aceh in the north of Sumatra to Bandar Lampung in the south through 23 routes that connect ten provinces. The total land area that needs to be acquired is roughly 218,976 million m² and is expected to cost around IDR 15 trillion (USD $1.3 billion). By 2025, construction of the project should be finished.
Bisnis Terkait Infrastructure
- Pelabuhan Indonesia II (SOE)
- Royal HaskoningDHV
- Saratoga Investama Sedaya
- Semen Indonesia
- Surya Semesta Internusa
- Waskita Karya
- Wijaya Karya
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- GDP (674)
- Bank Indonesia (616)
- Federal Reserve (554)
- Jakarta Composite Index (505)
- China (453)
- IHSG (412)
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