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June, 2018 | Vol. 8 No. 06
INTERNATIONAL
INFRASTRUCTURE
TOURISM
RI to Enhance Cooperation with Guyana and Caribbean Countries
Flyover at Tollgate Km 29 to Access Cikarang Dry Port to be Opened Soon
DPR Calls for Enhancement of Indonesia-Japan Tourism Cooperation Page A7
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Dubai, Saudi Arabia to Hong Kong Ready to Invest in Indonesia’s Property According to Real Estate Indonesia (REI), a lot of foreign developers intend to expand their businesses in Indonesia either through a cooperation or direct investment. REI Chairman Soelaeman Soemawinata said in Jakarta on Wednesday (5/9) there are four countries seriously want to develop their businesses in Indonesia, namely Japan, Hong Kong, Dubai and Korea. In the Indonesia Dubai Real Estate Investment Forum held in Dubai recently, 16 property projects in Indonesia worth Rp128.96 trillion were offered to the investors. The projects include Anai International Resort in Padang (West Sumatra), Mandeh Resort Paradise in Mandeh (West Sumatra), Tanjung Buton Forest City in Dumai (Riau), Alam Sutera Realty Serpong (Banten), and Garuda Wisnu Kencana (Bali), Citra Plaza Kemayoran City (Jakarta), Citra Towers Kemayoran Business District (Jakarta), Kota Jababeka (Cikarang, West Java), Eureka Creative City (Jakarta), Jimbaran Village (Bali), Multi Business Strategy (Jakarta), Integrated Concept Office SOHO Residential (South Tangerang, Banten), Pekanbaru Park (Riau), and Housing Finance Company. “From Hong Kong, some developers even have signed the contracts,” Eman said, adding that the developers from Saudi Arabia have shown interest as well. He further said that the increasing number of foreign developers interested to invest in Indonesia was driven by the improving investment climate in Indonesia with its population of about 250 million as a potential market. To attract more investors, Indonesia will also host the FIABCI Business Meeting in Bali in December 2018, scheduled to be opened officially by President Joko Widodo. “The meeting in Bali will be a momentum to introduce the potential of the tourism-based property sector to the international developers,” said Eman, adding that Indonesia will offer the development projects of the ‘10 New Balis’ during the meeting. “The special economic zones also the ones to be promoted as each of them has a big potential,” he said. (OKZ/ TPP)
Quote Of The Month
“We want the people of Indonesia to feel the fruit of development and proud to be citizens of the Republic of Indonesia” President Joko Widodo
President Jokowi: As Member of UNSC, We Will Actively Maintain World Order President Joko Widodo (Jokowi) has declared Indonesia’s commitment to serve in maintaining the world order after being elected as a non-permanent member of the United Nations Security Council (UNSC) for the period of 2019-2020. The commitment was sad by the president on his personal Twitter account @jokowi. “Alhamdulillah (Thank God), Indonesia is elected as a non-permanent member of the UNSC. We will serve to maintain the world order based on freedom, eternal peace, and social justice,” Jokowi said on Saturday (6/9). This is the fourth time Indonesia was elected as a nonpermanent member of the UN Security Council. Indonesia previously held the position
in 1973-1974, 1995-1996, and 2007-2008. Indonesia managed get support from 144 countries of the totaled 190 member countries of the organization which is based in New York, United States. Indonesian competitor was Maldives but the country got 46 votes only. Together with Indonesia, four other countries elected as non-permanent members of the UNSC are Germany, Belgium, South Africa and the Dominican Republic. The five
countries will replace Bolivia, Ethiopia, Kazakhstan, the Netherlands and Sweden. Foreign Affairs Minister Retno Lestari Priansari Marsudi, who represents Indonesia at the UN meeting, said that the government will carry four focuses while taking the UNSC seat. First, strengthen the ecosystem of peace and global stability. Second, seeks to increase the synergy between regional organizations with the UNSC in maintaining the peace.
In addition to the four focuses, of course the issue of Palestine will be the concern of Indonesia while carrying out its duties as a non-permanent member of the UNSC”
Third, encourage the formation of a comprehensive global approach to combating terrorism, radicalism and extremism. Fourth, encourage the global partnerships to achieve synergy between peace-building and sustainable development activities. “In addition to the four focuses, of course the issue of Palestine will be the concern of Indonesia while carrying out its duties as a non-permanent member of the UNSC,” said Retno. (SETKAB/TPP)
Economists Project Economic Growth in Second Quarter of 2018 to Reach 5.2% The household consumption which will increase in the second quarter of this year due to Eid al-Fitr holiday is expected to become the main motor of the economic growth for the period of April-June 2018. The economists have projected that the economic growth in the second quarter of 2018 would reach 5.2 percent, higher than the projection of Bank Indonesia (BI) at 5.15 percent. Eric Sugandi, Asian Development Bank Institute’s Project Consultant said on Sunday (5/27) the economic growth would be driven mostly by the household consumption which
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historically was always rising during Ramadan and Eid alFitr. Additionally, Eric said, the
investment and government spending, according to the previous pattern, will improve in the second quarter of this
year. “Compared to the previous quarter, the investment may slow down, but I expect year on year (YoY) will increase because this year’s demand is better.” Hence, Eric is optimistic that the Indonesian economy will grow 5.2% -5.3% this year, which is also higher than BI’s 5.2% projection. Meantime Bhima Yudhistira Adhinegara, a researcher at the Institute for Economic Development and Finance (Indef) has predicted that the economic growth in April-June 2018 will be in the range of 5.1% -5.2%. The driver will be the higher household consumption due
to increasing holiday allowance (THR) for Civil Servants (PNS), TNI, and Police and pensioners. However new school year may hold back the growth. “There is no guarantee the THR money to be spent for consumption. It may be saved for paying the tuition,” said Bhima, adding the household consumption is expected to be in the range of 4.9%. He also predicted the economic growth this year would only reach 5.1%, considering that the rising imports have been pressuring the net export. “Regarding investment, the political years usually hold back the investments.” (KTN/TPP)