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March, 2018 | Vol. 8 No. 03
INTERNATIONAL
INFRASTRUCTURE
TOURISM
Nurtanio Planes Made by PTDI Sold 75 Units at Singapore Airshow
In Two Months Land Acquisition for JakartaBandung Fast Train Project to be Completed
Tourism Ministry Targets 60 Tour Packages for Participants of IMF World Bank Group Page A8
Page A5
Page A4
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Go-Jek Gets Capital Injection from Temasek, Google and Others Totaling Rp16 Trillion PT Astra International Tbk (ASII) has said to have injected funds amounting to US$150 million or about Rp2.025 trillion into GoJek. This capital injection is a portion of fund invested by a group of giant companies into Go-Jek Chief Executive Officer and Founder of Go-Jek, Nadiem Makarim, said that Astra’s funding is part of an investment at approximately US$1.2 billion or around Rp16 trillion. According to Nadiem, Astra is the largest investor among the group, although he did not mention what percentage of the portion. “I cannot mention the percentage, but what I can say is yes, it is the same contribution round and Astra International is the largest investor in this round,” he said at koran-jakarta.com
the Press Conference of Astra X Go-Jek at the Fairmont Hotel, Jakarta, on Monday (2/12). Previously big companies from all around the world were reported to inject capital into Go-Jek. Among them were Google Alphabet, Singapore-based investor Temasek Holdings and China-based online platform company Meituan-Dianping. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC also participated in this funding round. Other national companies, like Djarum Group, was also reported to invest in Go-Jek, but the company later denied it. “Astra International is indeed the first national company investing in us. The others have not yet,” Nadiem said. Astra International invests in Go-Jek under the banner of parent company. The funds for the capital injection came from its internal cash. (DTK/TPP)
Quote Of The Month
“I want to emphasize that our momentum is very good. Our competitiveness continues to increase” President Joko Widodo
President Jokowi Instructs Deregulation and Evaluation of Investment Incentives President Joko Widodo has instructed all relevant ministries to continue the deregulation, evaluation of incentives, and overseeing the existing policy packages. The instruction, according to Jokowi, was to ensure the flow of foreign investments would not disrupted in entering the country despite the increasingly tight global economic competition. “I want to emphasize that our momentum is very good. Our competitiveness continues to increase, the Global Competitiveness Index 2017-2018 is in the rank 36. This momentum should be followed by breakthroughs, innovative steps to attract more invest-
ments into our country,” he said at the Presidential Office on Tuesday (2/20). The thing is currently some other countries such as India, Pakistan, Bangladesh, and Sri Lanka have also been trying to make many breakthroughs to attract foreign investors. “They are very progressive, very attractive, especially in promoting various investment facilities and they also offer a lucrative incentive scheme to the investors,” the head of state added.
Jokowi further said if Indonesia does not make any improvement, does not innovate in licensing services, does not cut the hampering regulations, then Indonesia will be left behind. Earlier, Coordinating Minister for Economic Affairs Darmin Nasution predicted that the Single Submission program could be piloted in March 2018. The integrated licensing is a solution offered by the government over the lengthy investment processes right now.
They are very progressive, very attractive, especially in promoting various investment facilities and they also offer a lucrative incentive scheme to the investors.” The trial will be conducted in all government agencies starting from the ministries, provincial, and municipal/re-
gency administrations. A task force is also established in each ministry, provincial, and municipal/regency governments to ensure the smoothness of the program. The task force will be headed by the Secretary General of the ministry, while in the region will be led by the Regional Secretary. “It’s [supervised] by the system, so we all know exactly where the permission process is halted. Yes, it’s online,” Jokowi said. (KBR/TPP)
Indonesian Population to Reach 321 Million in 2045 The Ministry of National Development Planning (PPN/Bappenas) has stated the population of Indonesia will be 321 million at the commemoration of 100 years independence or in 2045. National Development Planning Minister/Bappenas Head Bambang Brodjonegoro said that while delivering his presentation as the keynote speaker at the Kick-Off Meeting on Population Census 2020 at the BPS Head Office, Central Jakarta, on Wednesday (2/14). “When the population reaches 321 million in 2045, how many of them will contribute to the nation?” asked Bambang. According to him, out of the 321-million population, about
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209.5 million will be in the productive age between 15-64 years and about 66.8 million will be the youth under 15 years old. At that time the total fertility rate (FTR) is expected to be 2.1 per family, life expectancy to be 72.8 years, the elderly number to be 62.85 million, and the urbanization or people living in the city will reach 67.1%. “In 2045 the vision of Indonesia is a country whose population is scientific and technologically minded, its development has been advanced, the political conditions are increasingly democratic, strong, and free from corruption,” Bambang said. “The young citizens may prefer to seek employment abroad,
but we expect them to be more skillful,” he added. With the high demographic bonus, Bambang said, the government should be able to use it by maintaining the TFR at the 2.1 level per family and reducing the infant mortality rate (IMF) to 3%. “If these two things can be done, the demographic bonus can be extended. Recently I proposed to change the campaign from previously ‘2 children are enough’ to become ‘maximum 2 children’. Don’t let Indonesia to be dominated by aging po pulation before becoming developed country. That happened in Japan today, and so in Russia and Singapore,” he concluded. (DTK/TPP)