Focus

Focus (85)

12
October

The International Monetary Fund -IMF) called Indonesia's economic growth relatively good amid the heat of trade tension and the global economic slowdown. The IMF estimates that Indonesia's economy will still grow above 5 percent this year. The latest IMF World Economic Outlook (WEO) report projects global economic growth this year stagnates at 3.7 percent. The IMF also revised the 2019 global economic projection from 3.9 percent to 3.7 percent. Meanwhile, Indonesia's economy in 2018 is predicted to grow 5.1 percent or lower than the IMF projection in April 2018 which was 5.3 percent. IMF Chief Economist, Maurice Obstfeld at a press conference at the IMF Annual Meeting - World Bank in Nusa Dua, Bali Tuesday (9/10) said that Indonesia's economic growth projections were revised as the global economy declined. Because Indonesia will be affected by tightening monetary policy in the world, oil prices and trade wars. Even so, he saw Indonesia's economic growth is still quite strong. Based on the WEO report, Indonesia which groups the IMF into ASEAN-5 has the third highest economic growth. The ASEAN-5 countries in question are Singapore, Malaysia, Indonesia, Thailand and the Philippines. Indonesia's economic growth rate is higher than Malaysia and Thailand until 2019. Obstfeld also said, the IMF also views Indonesia to be able to maintain a consistent growth rate. He said, the Indonesian economy can grow higher if it is able to take advantage of all the potential it possesses. Indonesia has population growth. Indonesia will get a lot of tax revenue. According to Obstfeld, the government's seriousness in building infrastructure is considered to be a lure of investors to invest in Indonesia. He emphasized that Indonesia's economy is still strong because the rupiah exchange rate against the currencies of trading partner countries other than the United States had depreciated by only about 4 percent since the beginning of the year. The depreciation against the US dollar reaches 10 percent. In addition, the inflation rate is considered to be maintained amid the weakening exchange rate. Previously, Managing Director of the International Monetary Fund (IMF), Christine Lagarde said that Indonesia's economy has been managed so well that the IMF does not feel the need to provide loans to Indonesia. The same confirmation was made by Minister of Finance, Sri Mulyani at a press conference in Nusa Dua, Bali on Monday. According to her, Indonesia will not borrow money to the IMF because the loans are only given to countries that are experiencing a balance of payments crisis. According to Minister Sri Mulyani, the government has already anticipated measures in facing global risks, including running a mixed policy between Bank Indonesia and the Ministry of Finance. She believes that Bank Indonesia's response to US interest rate increases is able to maintain market interest in investing in Indonesia.

10
October

The beauty of Indonesia is shown to the delegates of the International Monetary Fund-World Bank Group 2018 Annual Meeting -IMF-WBG in Bali. Ministry of State-Owned Enterprises -BUMN along with all state companies is ready to welcome around 34,000 participants through the Indonesian Pavilion.The Indonesian Pavilion showcases the uniqueness of Indonesia in terms of development, business, national strategic projects, tourism to the richness of cultural arts, and typical Indonesian handicrafts.Not only that, various investment supporting factors that can attract investors to invest in Indonesia are also displayed in an exhibition space of more than 2,000 meters. Special Staff I of the State-Owned Enterprises Minister, Sahala Lumban Gaol in a written statement in Jakarta on Monday (8/10) said, in the IMF-WBG 2018 annual meeting held in Nusa Dua, Bali, from 8 to 14 October, the Indonesian Pavilion could be the first window for the members of the delegation who were present to get to know Indonesia briefly. Although brief, the information is enough to represent all the advantages, beauty and uniqueness of Indonesia. Sahala Lumban Gaol explained, the contents of the Indonesian Pavilion convey the message of Nawacita. There is Indonesia in Numbers, which is meant so that othe people can rediscover Indonesia, to see the progress of Indonesia's development that need to be highlighted. In this case, Indonesia's infrastructure development that once was very far backward, but now it is extraordinary. Shown there is the success of infrastructure development, such as highways, toll roads, airports to ports. The Indonesian Pavilion is divided into several thematic rooms, such as State-Owned Enterprises Hall, Workshop area, Exhibition area, VIP Lounge, Investment Lounge, and Stage Pavilion / Coffee Shop. Guests can go through each room that has its own uniqueness. The SOE Ministry is not alone. The making of the Indonesian Pavilion was also supported by the Ministry of Maritime Affairs and Fisheries, the Ministry of Energy and Mineral Resources, the Creative Economy Agency, the Ministry of Communication and Information, and the Ministry of Finance.Sahala Lumban Gaol added that in the Indonesian Pavilion it was also shown that connectivity had been built in Indonesia, ranging from toll roads to seaports. Handicrafts to the art which is Indonesian wealth, all are exhibited at the international meeting.Around 150 micro, small and medium enterprises from 64 district / city governments in Indonesia were also involved in the exhibition of their work. Batik demonstrations, weaving, bag crafts, fans, masks, and other flutes and crafts are expected to be the main attraction for delegates. Delegates can experience their own Indonesian crafting experiences in the craft and art area. The Indonesian Pavilion was officially opened by the Minister of State-Owned Enterprises Rini Soemarno on Tuesday (9/10).

05
October

The Ministry of Industry is currently holding the International Moslem Fashion Expo (IMFE) which has taken place from 1st-6th of October 2018 at the Industrial Plaza, Ministry of Industry in Jakarta. Minister of Industry, Airlangga Hartarto remarked at the opening ceremony of the exhibition in Jakarta on Monday that the IMFE is a concrete effort implemented by the Ministry of Industry to make Indonesia as the World’s Muslim Fashions orientation in 2020. Minister Airlangga said that Indonesia has a lot of opportunities to be the World’s Muslim Fashion orientation, remembering that Indonesia is the country with the largest Muslim populations. The Global Islamic Economy has predicted that the growth of the World Muslim Fashion Market will reach US$ 327 billion dollars in 2020. It also said that Indonesia is one of the five major members of the Organization of Islamic Cooperation exporting the most Muslim Fashion products besides Bangladesh, Turkey, Morocco, and Pakistan. In 2017, Bangladesh as the member of the Organization of Islamic Cooperation exported the most Muslim Fashion products worth US$33.73 billion dollars, followed by Turkey on the second position with the value of US$12.76 billion dollars, and Indonesia on the third position with the value of US$ 12.23 billion dollars. Minister Airlangga further explained that the markets of Muslim Fashion products have become more diversified as the growing number of Indonesian and global Muslim populations. Meanwhile, General Director of the Small-Medium Enterprises at the Ministry of Industry, Gati Wibawaningsih said that the IMFE is organized by the collaboration between Ministry of Industry and the designers joining the Modest Fashion Team Project (MOFP). She also said that the exhibition aims at realizing the vision of making Indonesia as the World’s Muslim Fashion Orientation in 2020.

01
October

The Indonesian government through PT Inalum officially controls 51 percent of PT Freeport Indonesia (PTFI) shares. The agreement was signed by PT Inalum as the parent of the State-Owned Enterprises (BUMN) mine and Freeport Mcmoran Inc. in Jakarta on last Thursday (27/9). The signing of the sales and purchasing agreement is a follow-up of the preliminary agreement on July 7, 2018, when it was agreed that the value of the Freeport Indonesia divestment shares would be US$3.85 billion dollars or around Rp 56 trillion. In detail, US$3.5 billion dollars is to buy a participating interest (PI) 40 percent owned by Rio Tinto and US$350 million dollars to acquire 9.3 percent of shares owned by Indocopper Investama. The signing was carried out by INALUM's President Director, Budi G. Sadikin, and Freeport-McMoRan CEO, Richard Adkerson, witnessed by Energy and Mineral Resources (ESDM) Minister, Ignasius Jonan, Minister of State-Owned Enterprises (BUMN), Rini Soemarno, and Finance Minister, Sri Mulyani Indrawati. Thus, the number of PTFI shares owned by INALUM increases from 9.36 percent to 51.23 percent. The Papua Regional Government will get 10 percent of 100 percent of PTFI's shares. Minister Ignasius Jonan explained that with the signing of this agreement, the government would issue a Special Mining Business License with a maximum operating period of 2x10 years until 2041. Furthermore, PTFI's obligation to build a copper smelter with a capacity of 2 to 2.6 million tons per year would keep being monitored and evaluated for its development. So, it is expected to be completed in less than 5 years. Meanwhile, Minister of Finance, Sri Mulyani Indrawati admitted that the divestment of shares between PT Freeport Indonesia and the Indonesian Government was complicated and it required a very long process.

"I know that this process is not easy; there are many negotiating details that I have to admit. The process is equally complicated. However, with the good intentions of the Government of Indonesia and with guidance from Mrs. Rini to PT Inalum and with Richard Adkerson leadership, we have finally been able to fulfill and reach an agreement to take over 51 percent of the shares signed today in the form of a Sales Purchase Agreement. We also continue to finish and are at the final stage. Once again, the process is not easy, said ministerSri Mulyani "

Minister Sri Mulyani further explained that the divestment of PT Freeport Indonesia's shares this time is a commitment of Indonesia to fight for the best, both in terms of state revenues, downstream processing through the construction of smelters and management. In addition, she also stated that the government of Indonesia fully respects the rights of investors who come to Indonesia by negotiating, which then resulted in decisions that benefit all parties concerned. Minister Sri Mulyani also hopes that PT Freeport Indonesia will carry out mining activities in the future by continuing to consider environmental aspects. She also expressed her gratitude to the CEO of Freeport-McMoRan, Richard Adkerson who has negotiated well so far with the government of Indonesia.

28
September

Indonesian Ministry of Industry continues to encourage the export of handicraft products by facilitating the Small and Medium Industries engaged in the sector to promote to various countries. Minister of Industry, Airlangga Hartarto after attending the opening of the Kriyanusa Exhibition at the Jakarta Convention Center -JCC in Jakarta, Wednesday, 26/9-2018, as quoted by Antara News Agency, said that export potential continues to be encouraged, because many handicrafts have pretty good markets abroad. He also pointed out that the exhibition which is held every year displays handicraft products with better quality so that Indonesian handicraft products are increasingly known to the world. He emphasized that his Ministry has facilitated 15 Small and Medium Industries to participate in the exhibition inaugurated by Chairperson of the National Craft Council -Dekranas, Mufidah Jusuf Kalla and attended by First Lady Iriana Joko Widodo. Thousands of Indonesian handicraft products are exhibited in Kriyanusa 2018, which was initiated by the National Craft Council (Dekranas). Mufidah Jusuf Kalla in the opening remarks of Kriyanusa 2018 emphasized that this industry has a very strategic role in the national economy because historically, it is very closely related to the daily life of the Indonesian people. According to Mufidah, the handicraft products can be a mainstay of the regional economy and livelihoods for local people. The craft industry can utilize natural resources and develop community creativity. Mufidah also remarked that cultural and artistic wealth in Indonesia is an inspiration and development of handicraft products. Therefore, it is a shared responsibility to continue to maintain, to explore, and to develop while enriching the creativity of Indonesian handicraft products originating from Indonesian cultural arts. She added that the elements of creation, innovation and technology need to be improved to maintain the competitiveness of Indonesian products in the global market. Kriyanusa 2018 is held from 26 to 30 September 2018. Around 350 participants take part by displaying thousands of handicraft products from each region. A number of handicraft products on display include jewelry stones, batik fabrics, woven fabrics, Songket fabrics, Jumputan fabrics, ceiling lamps or hanging lamps, snake skin bags, as well as household items typical of Indonesian cultural arts. Meanwhile, Director General of Small and Medium Industries at the Ministry of Industry, Gati Wibawaningsih said that her side is aiming to increase the high export value in 2018. In 2017, the export value of the Small and Medium Industries’ products reached US$ 251 million dollars. In addition, the Ministry of Industry will also facilitate eight Small and Medium Industries from 15 Small and Medium Industries to attend the world's largest craft exhibition -Ambiente in Frankfurt, Germany. At the previous Ambiente exhibition, Indonesia recorded a transaction worth US$705 thousand dollars in sales on the spot, while following orders from the event could reach US$11 million dollars. According to Gati Wibawaningsih, for the exhibition, the target will increase, because the global economy has also improved.

24
September

The World Bank considers Indonesia's economic projections to remain positive despite increasing global uncertainty. This happened because stronger private and government consumption was able to lift real gross domestic product growth –GDP to 5.3 percent in the second quarter of this year. World Bank Country Director for Indonesia and Timor-Leste, Rodrigo A. Chaves in the September 2018 edition of the World Bank's Indonesia Economic Quarterly said in Jakarta on Thursday (20/9) that it was also seen from the commitment of the Indonesian government to maintain stability by issuing strict and coordinated policy. He emphasized that strong macroeconomic fundamentals have increased Indonesia's resilience amid rising global uncertainty. According to Rodrigo, Indonesia's economic growth is expected to reach 5.2 percent this year and also in 2019, which is supported by solid investment, stable inflation, and a strong labor market. Then, it will gradually strengthen up to 5.3 percent by 2020. Rodrigo further explained, Indonesia has reduced poverty rates from 19.1% in 2000 to 9.8% in 2018. This is a good opportunity for economic growth, especially in urban areas. The World Bank said, better economic opportunities, especially in urban areas, have helped many residents get out of poverty and become part of the middle class. More than half of Indonesia's population now lives in urban areas. Meanwhile, World Bank Chief Economist in Indonesia, Frederico Gil Sander remarked that urbanization could be a major force for economic growth and poverty reduction. But if it is not managed properly, losses due to the pressure will be greater than the benefits. On one hand, to generate the potential for urbanization, the central and regional governments need to cooperate to carry out policy and institutional reforms. On the other hand, the World Bank's positive assessment of Indonesia's economic growth also triggered a strengthening of the rupiah exchange rate against the US dollar by 22 points to 14,823 rupiahs on interbank transactions in Jakarta on last Friday (21st/9). CSA Research Institute senior analyst, Reza Priyambada said in Jakarta on Friday that a positive assessment from the World Bank which estimates Indonesia's economic growth at 5.2 percent also contributed to the sentiment for strengthening the rupiah. Reza added that the World Bank considered that stronger domestic demand in Indonesia would continue to be a driver of economic growth.

26
August

The biggest sporting event in Asia, the 2018 Asian Games, taking place in Jakarta and Palembang since August 18, has entered the middle of the period. The sports event involving 45 countries in the Asian region provides its own excitement and entertainment for the people of Indonesia and the world. The presence of supporters from each country to encourage their team is a special feature of this ongoing event. The presence of supporting communities as well as foreign tourists can certainly be one of the momentum to expand friendship among people from various parts of Asia, especially for the citizens of Jakarta and Palembang. At this moment, a friendship application named Tantan claims to have experienced a significant increase in users.A week before this grand event was opened, one of the friendship application vendors noted a surge in user activity along with an increase in the number of compatibilities between users by 56 percent. When athletes are fighting for the glory of their country, supporters can use the moment to add their friendship. Jack WU, Marketing Director of one of the friendship applications on Friday (08/24/2018) sid that he saw a very significant increase in users during the 2018 Asian Games period. He commented that of course this was a good thing and he hoped his application can be a bridge to expand friendship among various parts of the country in Asia. Jack WU hopes that with the wider friendship, of course many positive things can happen. He also wants this application to open opportunities for cooperation between countries on the Asian continent.Jack Wu asserted, his friendship application guarantees users with a high level of security and a variety of sophisticated filtering systems such as fake account identification. This social application is specifically designed for young people in their 20s. This Friendship application also offers a new way to meet each other. With a swipe and match system, it allows two users to start a conversation when they like each other. This application also claims to get one billion swipes per day and has a total of seven billion matches for its users. In Indonesia, this application captures more than millions of users.

21
August

 

 

 

 

 

This is RRI World Service, Voice of Indonesia with My Indonesia. In today’s edition, we will bring you a topic about Pancasila as the Source of Ideology of Indonesia.

 

President Joko Widodo on his state address before the House of the Representatives –DPR on last Thursday (16thof August 2018) called for all levels of society to be grateful for having Pancasila as the source of ideology of Indonesian nation. As quoted by presidenri.go.id, President Joko Widodo said that Pancasila guides all Indonesian generations to implement the promises of Indonesia’s independence. Pancasila is the navigator, the generator, the source of inspiration, as well as the unifier of Indonesian nation with the principle of Unity in Diversity (Bhineka Tunggal Ika). President Joko Widodo believed by firmly sticking to Pancasila’s values, Indonesia will become a sovereign and dignified nation in the global network with other nations, meaning being equal to each other in every aspect of life.

Meanwhile, as quoted by Tribunews.com, when welcoming officials of the Agency for Pancasila Ideology Education (BPIP) at the office of DPR Speaker last Tuesday (14th of August 2018), Speaker Bambang Soesatyo called for all levels of society to practice Pancasila’s spirit and values first in every aspect of life. Making Pancasila’s spirit and values as the utmost importance is aimed at strengthening the sense of nationalism. He also remarked that Pancasila is the power of Indonesian nation. Because in the past, Indonesian ancestors implemented Pancasila’s values. The implementation of Pancasila’s values made Indonesian nation still exist until present. He added that Pancasila should be continuously implanted and applied in every aspect of state and nation life.

As quoted by tribunenews.com, when becoming the interviewee at the National Talkshow and Book Launching entitled “Membaca Indonesia di Jakarta” or “Reading Indonesia through Jakarta” on Monday (13th of August 2018), Speaker Bambang Soesatyo said that Pancasila is philosophically the supporter of Indonesia being an immense house of society from various ethnicities and culture. Observing Indonesia today basically means figuring out the way to spread Pancasila’s values enormously into public by utilizing virtual world and creative media. Indonesian nation should preserve and maintain Pancasila as the bond to prevent the wave of political identity that keeps bothering the sense of nationalism. He is optimistic that Indonesian people must have missed the peace of life. Moreover, as a nation, Indonesia has a strong socio-historical root. For example, the Youth Pledge in 28th of October, 1928, becomes the point of initiation for youths in the country’s revolution declaring the sons and daughters of Indonesia to acknowledge one motherland and one nation namely Indonesia, and respect the language of unity, namely Indonesian.

21
August

President Joko Widodo on his state address before the House of the Representatives –DPR on last Thursday (16th of August 2018) called for all levels of society to be grateful for having Pancasila as the source of ideology of Indonesian nation. As quoted by presidenri.go.id, President Joko Widodo said that Pancasila guides all Indonesian generations to implement the promises of Indonesia’s independence. Pancasila is the navigator, the generator, the source of inspiration, as well as the unifier of Indonesian nation with the principle of Unity in Diversity (Bhineka Tunggal Ika). President Joko Widodo believed by firmly sticking to Pancasila’s values, Indonesia will become a sovereign and dignified nation in the global network with other nations, meaning being equal to each other in every aspect of life. Meanwhile, as quoted by Tribunews.com, when welcoming officials of the Agency for Pancasila Ideology Education (BPIP) at the office of DPR Speaker last Tuesday (14th of August 2018), Speaker Bambang Soesatyo called for all levels of society to practice Pancasila’s spirit and values first in every aspect of life. Making Pancasila’s spirit and values as the utmost importance is aimed at strengthening the sense of nationalism. He also remarked that Pancasila is the power of Indonesian nation. Because in the past, Indonesian ancestors implemented Pancasila’s values. The implementation of Pancasila’s values made Indonesian nation still exist until present. He added that Pancasila should be continuously implanted and applied in every aspect of state and nation life. As quoted by tribunenews.com, when becoming the interviewee at the National Talkshow and Book Launching entitled “Membaca Indonesia di Jakarta” or “Reading Indonesia through Jakarta” on Monday (13th of August 2018), Speaker Bambang Soesatyo said that Pancasila is philosophically the supporter of Indonesia being an immense house of society from various ethnicities and culture. Observing Indonesia today basically means figuring out the way to spread Pancasila’s valuesenormously into public by utilizing virtual world and creative media. Indonesian nation should preserve and maintain Pancasila as the bond to prevent the wave of political identity that keeps bothering the sense of nationalism. He is optimistic that Indonesian people must have missed the peace of life. Moreover, as a nation, Indonesia has a strong socio-historical root. For example, the Youth Pledge in 28th of October, 1928, becomes the point of initiation for youths in the country’s revolution declaring the sons and daughters of Indonesia to acknowledge one motherland and one nation namely Indonesia, and respect the language of unity, namely Indonesian.

19
August

The biggest sporting event in Asia, the 18th Asian Games 2018, has opened opportunities for micro, small and medium enterprises entrepreneurs in Indonesia to be able to market their products while penetrating the export market. The Managing Director of the Marketing Service Institute as the manager of the Smesco Indonesia Building Emilia Suhaimi said the 2018 Asian Games event was an opportunity for MSME products to enter the international market. Emilia Suhaimi said this at the Forum Group Discussion event themed "SMEs Capture 2018 Asian Games Opportunities" at Smesco Indonesia, Jakarta, Wednesday (08/15/2018). Smesco Indonesia itself will be one of the shopping destinations in the 2018 Asian Games. Emilia said during the event, Smesco Indonesia will be visited by contingents, officials and athletes who will visit using 6 level buses and 4 regular buses every hour per day for 15 the day of implementation. Emilia said, Smesco Indonesia is also one of the outlets that markets official 2018 Asian Games merchandise as well as displaying superior MSME products from all over Indonesia. Meanwhile, INASGOC Revenue Vice Director Mochtar Sarman said the 2018 Asian Games EVENT would involve as many as 23 companies with 7 of them are UMKM companies as official merchandises suppliers for the 2018 Asian Games. For food and Drink, all needs to be considered from various sides including quality, because this is an opportunity to be able to export products. In addition, he added, the Asian Games could be an opportunity for SMEs to learn many things including trends. Mochtar Sarman hopes that UMKM players will learn to pay attention to the quality and continuity of their products especially for the 2018 Asian Games event with a millennial target market that likes trendy products. One of the suppliers of 2018 Asian Games official merchandise is Du Anyam which produces various woven-based souvenirs with a production base in Flores, East Nusa Tenggara. Juan Firmansyah from UKM Du Anyam said that until now he had produced 20,000 pcs of various Asian Games products that had also been distributed at various Asian Games outlets both in Jakarta and Palembang. He also developed a marketing strategy by expanding distribution channels not only through the official 2018 Asian Games store, but by cooperating with a number of agencies for business to business cooperation. According to him, the real contribution of the community to the success of the Asian Games is to buy official 2018 Asian Games merchandise as a real support for MSME players in order to expand the export market. The LLP-KUKM Supervisory Board, Samuel Watimena, argued that the opportunity for SMEs to be able to capture export opportunities at the 2018 Asian Games event was very large and potential, so that various tastes from visitors could be easily fulfilled.

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