The President Post English Edition June 2017

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June, 2017 | Vol. 7 No. 6

INTERNATIONAL

Taste of Indonesia at the World Gastronomy Center Page A3

INFRASTRUCTURE

Commission V of the House Encourages Port Development in Babel Province

TOURISM

Tourism Minister Encourages Artists to Involve in Pentahelix Page A7

Page A5

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Foreigners Allowed to Own Property in Indonesia Enhance Trust to Invest As the foreign direct investments keep increasing to come to Indonesia, one of the sectors benefited from it is the property. This is evidenced by the increasing number of foreign citizens who are interested in having their own houses in Indonesia. Bhima Yudhistira, an observer from the Institute for Development of Economics and Finance (Indef), said that the more the number of foreign citizens who want to invest in property pro­ducts the more benefits will be reaped by Indonesia.

“In 1977 the 50-kilometer Jagorawi toll road became a model. Other countries came here. China and Malaysia came to see. From the year 77 to right now, how many years?

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“The government’s decision to open the opportunities for the foreigners to invest in the property sector, I think it is profitable,” he said on Sunday (5/28) Bhima further said that foreign citizens started to be allowed to own the property products in Indonesia after the issuance of Government Regulation (PP) No. 103 Year 2015. The PP regulates the Ownership of Housing or Residence by Foreigners Living in Indonesia. “One of the main points is regulated by the PP is the price of the house or apartment allowed to be bought and owned by foreigners, which is it must be more than Rp10 billion for a landed house and Rp 5 billion for an apartment,” he added. (okz/tpp)

Quote Of The Day

“Each of us must take part in the efforts to make the world peaceful.” President Joko Widodo

President Jokowi: Time to Push Investments to Indonesia JAKARTA (TPP) – President Joko Widodo has been quite firm in manner, hard in speaking lately. In two and a half years the president has laid the foundations of the state, the acceleration of development, as well as the deregulation and de-bureaucratization. Now it is time to invite the world’s financiers to invest in Indonesia. Incidentally, the rating agency Standard and Poor’s (S & P) has upgraded the Indonesia status to the country with a predicate worth of investment! This is a strong momentum to encourage the investors to invest in Indonesia. “Right now the golden opportunity is in front of us. Getting WTP (unqualified opinion) means our management is good, 84 percent get the WTP. Last Friday we also gained the international investment grade. It’s an

opportunity that we should use. Do not trap into the ‘framing’ of blaspheming each other, vilifying each other, blaming each other, and arguing endlessly,” the president said. Getting the unqualified opinion (WTP) for the Central Govern­ment Financial Report of 2016, as well as for 84 percent of the Financial Reports of State Ministries/Institutions (LKKL) also becomes the right moment for Indonesian nation to return to work hard.

The president again reminded the purpose of the Unitary State of the Republic of Indonesia (NKRI), clearly embodied in the preamble of the 1945 Constitution. He said that in his speech at the delivery of Report of the Ins­ pection Result of Central Govern­ ment Financial Report (LHP LKPP) Year 2016 in the Bogor Palace, West Java, on Tuesday (5/23). “I want to remind to all of us about our focus, our main goal, nation and state, that the forma-

tion of the Republic of Indonesia is not to fight each other, but our main purpose is clear that we want to create common prosperity, we want our nation to be educated,” said the president. According to him, for the next 6 to 8 months, the energy of this nation will be depleted only to focus on the things that he called unproductive. Therefore, he again reminded to all parties about the purpose of the formation of NKRI. Looking back, Indonesia actu-

ally was once successful and became the model for the neighboring countries. Take the example of Jagorawi toll road which was used by other countries to learn. But now, Indonesia is recognized as being lagged behind by the neighboring countries. “In 1977 the 50-kilometer Jagorawi toll road became a model. Other countries came here. China and Malaysia came to see. From the year 77 to right now, how many years? Almost 40 years we can only build 780 kilometer of toll roads, while the countries that learned from us, China is already 280,000 kilometers. How far we are left behind?” he asked. The president said he does not want Indonesia to continue to fall behind. He also does not want Indonesia continuously stuck in negative thoughts. He wants the nation of Indonesia can re-unite to jointly build the nation. “I invite you, brothers and sisters, get such negative thoughts out of all of us. Propel yourself to the positive thoughts to move forward together, working together for this nation,” he concluded. (lpt6/tpp)

President Jokowi Offers Investment Opportunities in Mega Projects to China President Joko Widodo offered cooperation for three mega pro­ jects to Chinese President Xi Jinping on the sidelines of a meeting of modern silk roads or belt and road initiated by China in Beijing on Sunday (5/14). The three megaprojects, according to President Jokowi as reported by Antara news agency, will be carried out in North Sumatra, North Sulawesi, and North Kalimantan. In North Sumatera, President Jokowi offers the opportunity to invest in the construction of Kuala Tanjung Port and roads from Medan to Sibolga. The North Sulawesi plans to develop its infrastructure especially in the area of Bitung-Ma-

nado-Gorontalo by building access roads, a railway, a port, and an airport. In North Kalimantan, President Jokowi offers cooperation for investment in energy infrastructure projects and power plant development. The president also said he wanted to create fresh momentum especially for China-Indonesia cooperation in the framework of one belt one road. Foreign Affairs Minister Retno Marsudi told the repor­ters after the meeting that some projects may be cooperated in the context of the belt and road initiative. “But President Jokowi said that Indonesia is open to coo-

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perate with any parties with principles that are mutually beneficial and useful for to the people, as well as prioritizing the cooperation of the Public Private Partnership,” said Retno. Belt and Road Initiative, according to the Chinese govern-

ment is an economic corridor linking China with various regions of the world. Like the silk roads, the ‘belt’ is a series of land routes from China to Europe through the Central Asia and the Middle East. The ‘road’ is a route across the sea connecting the southern seas of China to the waters in the east of Africa and the Medi­ terranean. To realize various infrastructure projects along the corridor of modern silk roads, President Xi Jinping said the Chinese govern­ ment will invest US$124 billion. “The struggle for influence is taking place, but not in a frontal sense. The China’s strength

is increasing dramatically. China offers an alternative to linking the country under the pretext that it is a partnership that benefits all parties,” said Tirta Mursitama, chairman of the department International relations of Bina Nusantara University, Jakarta, to BBC Indonesia. Before China confirmed to invest in Indonesia, Tirta warned that the Indonesian government should be smart and persistent in the negotiations given China would take a big profit in both business and political contexts. “We may get something, but not at a cheap price. They must ask for trade off. The problem is, how much can we offer?” said Tirta. (bbc/tpp)


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