IDR 10,000
Facebook: The President Post Twitter: @President_Post www.presidentpost.com
January, 2018 | Vol. 8 No. 01
INTERNATIONAL
Leaving Off Dollar, RI, Malaysia, Thailand Use Local Money for Transactions Page A4
INFRASTRUCTURE
TOURISM
Tourism Minister Arief Yahya Inaugurates Two Homestays in Sigapiton
To Accelerate Development of Floating Airport, AP I Plants Thousands of Mangroves in A. Yani Area
Page A7
Page A5
presidenri.go.id
3 Years of JokowiJK Tenure, Indonesia’s Investments Up 3-Fold Three international institutions of Fitch Ratings, Moody’s, and Standard and Poor’s (S&P) were convinced by the Jokowi-JK government to improve the investment grade rating for Indonesia. Head of Investment Coordinating Board (BKPM) Thomas Lembong said the achievement is something to be proud of, because it is the first time in the last 20 years ago. Thanks to the increasing rating, the investments flowing to Indonesia have jumped up triple and keep growing. However, Thomas said the government still has a lot of things to do regarding the investment regulation. According to him, there
beritasatu.com
are still 43,000 rules related to investment that sometimes become complicated. As a result, some investorshave canceled their investment plants. Although there are still some short comings, the investment sector should be admitted having shown progress in the 3 years of Jokowi-JK tenure. The investment contribution to the GDP rose from 31.7 percent to 32.6 percent. The Gross Fixed Capital Formation (PMTB) grew 5.8 percent or above the economic growth. Additionally, 124 licenses, which previously handled by ministries and agencies, have been delegated to the BKPM and can be done online through the One Stop Services (PTSP). BKPM also provides a 3-hour service for the investment licensing. (TRB/ TPP)
Quote Of The Month
“Two-state solution is the only solution with East Jerusalem as the capital of Palestine” President Joko Widodo
Jokowi Completes 26 Strategic Projects until December 2017 The government until December 19, 2017 has completed 26 national strategic projects (PSN), consisting of 20 projects completed in 2016 and 6 projects completed in 2017 with a total investment worth Rp46.5 trillion. Chairman of Executor Team of the Priority Infrastructure Acceleration Committee (KPPIP) Wahyu Utomo said the six completed projects in 2017 are Tanjung Priok Access Road, PLBN (border post) of Nanga Badauin Kapuas Hulu Regency, PLBN of Arukin Sambas Regency, PLBN of Winiin North Central TimorRegency, Soreang-Pasirkoja toll road and the Surabaya-Mojokerto toll road, with a total value of Rp13.1 trillion. Additionally, there are 145 projects and one program that have entered the construction
phase, 9 projects in the transaction stage while 86 projects and one program in the preparation phase. Out of the 145 projects under construction, 37 projects are partially operational. For example, the MedanKualanamu-Lubuk PakamTebing Tinggi toll road, BekasiCawang-Kampung Melayu toll road, KEK (special economic zone) Tanjung Lesung and KEK Mandalika. “The projects that we have partially operated are counted as projects in the construction
phase because they are not yet fully operational,” said Wahyu at the Penang Bistro, Jakarta, on Wednesday (12/20). Meanwhile, the achievements for the 35,000 MW electricity provision program per December 2017 comprise 998 MW (3%) already operational; 15,676 MW (44%) in the construction phase; 13,782 MW (38%) have completed the Power Purchase Agreement (PPA) but yet to reach financial closure; 3,163 MW (9%) in the procurement stage and 2,228 MW (6%) in the planning phase.
For the 37 priority projects, 20 projects have entered the construction phase, five projects are in the transaction process, and 12 projects are still in the preparation stage as of December 2017. The Balikpapan-Samarindatoll road project, the MRT Jakarta North-South Corridor, the Palapa Ring Broadband, the Batang Power Plant, and the Tangguh LNG Train 3 are some of the priority projects in the construction stage. Some priority infrastructure projects that have been partial-
ly operated are the Medan-Binjai toll road and the PalembangIndralaya toll road. The priority projects targeted to operate in 2018 are the Pekanbaru-Kandis-Dumai toll road, the Makassar-Parepare railway and the Palapa Ring Broadband. The projection for the progress of PSN until 2020 is 170 projects will have been operational (either partially or fully), consisting of additional 50 projects will be operated in 2018, while other 56 projectsin 2019, and 23 projects more in 2020. (SND/TPP)
South Korea Interested in Investing in LRT Project beritatrans.com
South Korea has expressed its interest to invest in the cons truction of Jabodebek Light Rail Transit (LRT). Minister of Land, Infrastructure and Transport of South Korea Kim Hyunmee said that while meeting Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan in Seoul on Tuesday (12/19). Minister Kim said her country has committed to participate in financing the LRT phase two and three, but she also expected the investment certainty. “South Korea is very interested in participating in the tender for the rolling stock of LRT.Our product is already globally famous,” Kim was quoted
We are allocating a big fund for infrastructure financing in the developing countries.” as saying by the press release from Coordinating Minister for Maritime Affairs on Wednesday (12/20). According to her, South Korea has successfully done the construction of fast train by adapting the French technology. Kim said that her country is currently allocating more funds
for infrastructure investments abroad. She added that along with the current global trend, South Korean government is now very actively investing in the infrastructure. “We are allocating a big fund for infrastructure financing in the developing countries. This year we raised the fund to US$500 billion. From that amount, US$100 billion of the fund is allocated for the ASEAN countries,” she said. In the meantime,Luhut welcomed and promised to notify her when the tender is opened. He said foreign investment is needed, given the state budget is not sufficient to finance the infrastructure projects in Indonesia. (TRB/TPP)