The President Post English Edition September 2018

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September, 2018 | Vol. 8 No. 09

INTERNATIONAL

INFRASTRUCTURE

70 Years of IndonesiaAmerica, Cooperation in Defense and Trade Enhanced

Bekasi Regency Accelerates Infrastructure Towards an Independent Economy

President University Signs Cooperation with 18 Taiwan Universities Page A8

Page A6

Page A4

EDUCATION

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Indonesia Offers IDR 191 Trillion Infrastructure Projects to China The Investment Coordinating Board (BKPM) offers infrastructure projects with a government and business partnership scheme (PPP) in Market Sounding activities for 90 Chinese investors.

Deputy for Investment Planning, Tamba P. Hutapea, explained that this step was an activity carried out by BKPM while visiting China.

“The total investment value of the infrastructure projects offered reached US $ 13.2 billion,” Tamba said in a BKPM written statement in Jakarta, Monday (8/27).

If converted to rupiah, the value of the project offered to China is around Rp 191 trillion (exchange rate of US $ 1 = Rp. 14,500) BKPM’s visit to Guangzhou is the third market sounding activity in China after previously was held in Shanghai and Beijing.

He explained, his teamwork is working with the Consulate General of the Republic of Indonesia Guangzhou and is supported by China Export & Credit Insurance Corporation (Sinosure) during Market Sounding.

As one of the biggest cities, Guangzhou was chosen because it has excellence as one of China’s logistics nodes that has many global companies in the field of infrastructure.

“The Market Sounding activity in Guangzhou, China is carried out to offer IPP scheme power generation projects and toll road projects in several regions. In addition, PT. Penjaminan Infrastruktur Indonesia (PT PII) also complements the facility information for infrastructures projects KPBU scheme by presenting the guarantee that will be given by the government.

Tamba also added, “In an effort to provide infrastructure, the Government of Indonesia provides the widest possible opportunity to private parties from within and outside the country to participate in PPP infrastructure scheme projects because of government support in the form of guarantees and fiscal and non-fiscal facilities that can be utilized by investors.”

In fact, according to him, some of the companies have expressed interest in participating by investing and implementing the projects that offered. (TPP)

Quote Of The Month

“Let us know, we are diverse. Because Indonesia is indeed very diverse. This is Indonesia. We know, we have hundreds of traditional clothes.“ President Joko Widodo

National Pride: Unity in Diversity The importance of appreciating diversity is conveyed by President Joko Widodo on various occasions. At the heart of the message, society must be able to put aside differences to achieve equality and prosperity.

In the 2018 MPR Annual Session speech on August 16, the president invited us to recall the fighters in seizing and fighting for independence. “All the nation’s children get rid of political differences, ethnic differences, religious differences or class differences just to realize an independent Indonesia,” he said.

On that occasion, the president asked all the nation’s children to return to the spirit of unity, back to the spirit of caring and sharing with others without distinguishing the origin of ethnicity, re-

ligion, race or classes. With unity, Indonesia can be a respected force in the nations of the world. The spirit of togetherness and unity must also be demonstrated by State Institutions in facing the challenges of the nation and state.

The message of diversity was again conveyed by Joko Widodo when he held a memorial service to the proclamation of Indonesian independence at the Presidential Palace, Friday, August 17. The message was manifested in the use of regional clothing for the invitees and guests. The

president wore the clothes of the Tanah Bumbu area, South Kalimantan. His clothes resembled black suits, plus songket and headgear. First Lady Iriana Jokowi wears red Minang traditional clothing, complete with her headgear.

The goal of President Jokowi to hold a ceremony in traditional dress is to make aware of the diversity that exists.

“Let us know, we are diverse.

Because Indonesia is indeed very diverse. This is Indonesia. We know, we have hundreds of traditional clothes, “explained Joko Widodo.

The day after the independence celebration, President Joko Widodo opened the 2018 Asian Games at the Gelora Bung Karno Main Stadium (SUGBK), Saturday, August 18. Chairman of the 2018 Asian Games (Inasgoc) Organizing Committee Erick Thohir accompanied by Olympic Council of Asia President (OCA) Ahmad al-Fahad al-Sabah reminded of the other values of the Asian Games.

“Welcome to Indonesia, The Energy of Asia. Indonesia believes that Asia is an amazing continent, “Erick said.

According to him, Asia is an amazing continent because it has the most ethnic or ethnic groups in the world. Asia is very dynamic and competitive.

Calling Asia means mentioning the diversity of the nations in it. Indeed the Asian people love harmony in their socio-culture. “For this reason we are here, to celebrate our diversity, differences, and humanity, to transmit energy from diverse nations, one energy, one harmony, the Energy of Asia,” he said. (Joko Harismoyo)

Youth Across Archipelago and Diaspora Formulate Indonesian Vision 2045 In welcoming the Indonesian independence, young people from 34 provinces and diaspora communities have formulated Indonesia’s vision 2045. These young people have been committed to carry out the youth pledge and optimistic that Indonesia would become increasingly victorious in the coming 2045.

“We affirm the historical commitment to Pancasila, the 1945 Constitution, Bhinneka Tunggal Ika, and the Unitary State of the Republic of Indonesia to cling to the national pillars. We are determined to continue the spirit of the 1928 Youth Pledge with Indonesia’s 2045 Vision to bring our nation to the golden age,” said Coordinator of the Indonesian Youth Association (PPI) Intan Irani in her written statement

on Thursday (8/16).

Intan, representing the Indonesian Diaspora Network Global (IDGN-G) Coordinator Dino Patti Djalal, added that the vision was formulated on August 13-15, 2018 in Jakarta. Intan said that the youth hoped that Indonesia’s democracy would be better in quality with integrity and clean electoral system so that community-oriented leaders would emerge.

“We want a quality Indonesian democracy, supported by a fair and integrity electoral system, which can produce clean, accountable and weighty leaders who are people-oriented and can bring goodness and improvement to the nation and the country. Indonesia’s democratic journey to the front must strengthen

the protection and fulfillment of human rights,” she said.

Intan said the vision also covers legal reforms and equality for all Indonesians before the law.

“We want the 2045 generation to be able to enjoy the supremacy of the law in a pure, consistent and absolute manner that is applied indiscriminately and free of conflict of interest throughout the Republic of Indonesia. For this reason, legal reforms must be done in order to provide progressive and just law.”

According to Intan, the vision highlighted the ease of access to education and the industrial revolution, as well as the ease of digital connections for all Indonesians.

“Given the digital era will continue to grow, we want that ev-

We want the 2045 generation to be able to enjoy the supremacy of the law in a pure, consistent and absolute manner that is applied indiscriminately and free of conflict of interest throughout the Republic of Indonesia.” ery Indonesian human being, anywhere, has digital literacy.

We also want digital connectivity to be treated as part of human rights,” she said.

Intan said she hoped the generation of 2045 would be no lon-

ger burdened with the issues of separatism, poverty to malnutrition.

“In 2045, we want no more Indonesian children to be stunted, no more forced labors for children and modern slavery, no more child marriage, no more illiteracy, no more hunger and malnutrition, no more underdeveloped villages, no more unresolved state boundary disputes, no deforestation, and no more illegal levies.”

For international relations, the vision 2045 wants Indonesia to apply free-active foreign policy and to make Indonesia major power Asia and global pioneer.

“We aspire for Indonesia’s entry into the top five forces of world trade, in line with our economic strength in time,” Intan said.

(DTK/TPP)

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HIGHLIGHTS apimages.com

Indonesia - America Arranges Road Map of Trade Worth US$50 Billion The Government of Indonesia and the United States (US) have agreed to increase the trade value of the two countries to reach US$50 billion. Currently the trade value of the two countries is only around US$28 billion.

Minister of Trade Enggartiasto Lukita said, to achieve the target, Indonesia and the US would prepare a road map in the trade sector.

“We will immediately arrange a road map. We will arrange it again. As soon as possible. (To increase trade value) from US$28 billion to US$50 billion,” he said at the Presidential Palace Complex, Jakarta, on Sunday (8/5).

According to him, many products will be included in the trade cooperation between Indonesia and the US. Therefore, a road map is needed to maximize the trade of these products. “(The products?) All, lots of them. Therefore, the road map

must be arranged, the road map includes a list of products. Then how to achieve that,” he said.

Enggartiasto added that the rise in the trade value is targeted to be achieved in the next 2-3 years. However it will depend on the process of preparing the road map.

“As soon as possible. It must be achieved, yes, in 2-3 years, but we have to arrange it carefully. As soon as possible because both parties have agreed. US$28 billion is too small,” he said.

For information, President Joko Widodo received a courtesy call from the delegation of US Secretary of State Mike Pompeo at the Merdeka Palace on Sunday morning.

Indonesian Foreign Minister Retno Marsudi revealed that the visit discussed a number of things, one of which was the bilateral relationship that had been established so far between Indonesia and the US.

The president said that if we look at the types of goods we trade, they are not competing with each other. Therefore, it is easier for us to increase trade cooperation.”

“The meeting discussed a number of issues. First, the US commitment, especially Indonesia, in the framework of the strategic partnership since 2015. It was built on a strategic partnership and the President said that the strategic partnership that was built was not only beneficial for both countries, but also the world,” she said.

The meeting also discussed the cooperation between the

two countries in the economic field. For Indonesia and the US, Retno continued, it was committed to continue to improve cooperation in the trade sector that benefited both parties.

“The president said that if we look at the types of goods we trade, they are not competing with each other. Therefore, it is easier for us to increase trade cooperation,” she said.

According to her, one of the things highlighted by President Jokowi is the US government’s step in evaluating import duty relief facilities for developing countries, such as Indonesia, or the so-called Generalized System of Preferences (GSP).

“The President hopes that GSP facilities will still be given to Indonesia. If we look at the items in GSP, 53 percent is related to products exported by the US, related to the production process needed,” she said. (LPT/TPP)

indonesiadev.com

Presidential Regulation 56 of 2018 Stipulates 227 National Strategic Projects President Joko Widodo (Jokowi) on July 20, 2018, signed Presidential Regulation Number 56 Year 2018, the second amendment to the Presidential Regulation Number 3 Year 2016 concerning the Acceleration of Implementation of National Strategic Projects.

The amendment was made considering the results of the study of the Committee for the Acceleration of Infrastructure Provision with the aim of maximizing the acceleration being carried out.

In the attachment to this Presidential Regulation, there are 227 projects listed in the National Strategic Projects, fewer than the National Strategic Projects stipulated in the Presidential Regulation Number 58 Year 2017 which reached 248 projects.

Some projects were removed from the list of National Strategic Projects,

because they have already been completed or have yet to start the construction such as: Soreang - Pasir Koja Toll Road (Bandung); Raden Inten II Airport (Lampung), Kertapati - Simpang - Tanjung Api-Api Railway; Muara Enim - Baai Island Railway; Jambi - Pekanbaru Railway; Jambi Palembang Railway, MRT Jakarta East West Corridor; Sebatik Airport, and Mojokerto - Surabaya Toll Road.

The new projects in the new list of National Strategic Projects include the 115 kilometer Ciaw i- Su k abum i- Ci ra nja ng toll road (previously separated into the 54 kilometers CiawiSukabumi toll road and the 61 kilometers Sukabumi-Ciranjang-Padalarang), Kediri Airport (East Java), and the Elevated Loop Line in Jakarta.

This Presidential Regulation comes into force since promulgated by the Minister of Law and Human Rights Yasonna H. Laloy on July 20, 2018. (TPP)

setkab.go.id

President Jokowi Orders to Strengthen Forex Reserves Strengthening foreign exchange reserves is very important to strengthen economic resilience amidst global economic uncertainty, including the recent development in Turkey’s economy, according to President Joko “Jokowi” Widodo.

The President made the statement during a Limited Cabinet Meeting on Continuing Policy Strategy to Strengthen Foreign Exchange Reserves at Presidential Office, Tuesday (8/14).

“We must maintain the stability of Rupiah exchange rate at a fair value, maintain low inflation, and manage current account deficit,” the President said, adding that Minister of Finance has carefully managed State Budget deficit at 2.12% this year and the deficit is expected to drop next year.

President Jokowi went on to say that the Government continues to expand capital expenditure in the State Budget and central bank Bank Indonesia is very prudent in managing monetary policy.

In the meantime, capital adequacy ratio in Indonesian Banks is very strong at 22%

and the Financial Service Authority (OJK) has been instructed to maintain the ratio, he added.

During the meeting, the President also asked for an explanation regarding the progress of the implementation of various programs, including the acceleration of the mandatory implementation of B20 biodiesel and increasing use of local material -especially for large SOEs that previously used many imported components. The President also urged Ministry of Trade and the Customs and Excise to manage import control as well as to thoroughly and quickly examine the imported goods and distinguish between much needed goods and useless goods.

President Jokowi also stressed the importance of breakthrough to improve export competitiveness and investment. “We have launched the Online Single Submission (OSS) system and will continue to review the impact,” President Jokowi said.

The President further said that accelerating tourism infrastructure is needed, particularly in major tourism spots. Tourism, according to the President, will quickly increase and strengthen foreign exchange reserves.

(SETKAB/TPP

The Vice President Jusuf Kalla Encourages Public and Private Investment to be Expanded

The Government Fully Supports Automotive Industry President Joko “Jokowi” Widodo reminded to beware of short term cycle in automotive industry that starts to show its impact on big markets in the US and China.

“All of us must understand that automotive industry has its cycles which are responsive to economic cycle,” the President said at the opening of the 26th Gaikindo Indonesia International Auto Show (GIIAS) in ICE, BSD, Tangerang, Banten, Thursday (2/8).

The Head of State explained

that a lot of researchers say that car sales in the US has reached its peak and it is predicted that the next few years, the number will decrease.

“So, we must be ready to deal with this condition when global automotive industry slows down in the upcoming years.

However, we must be also optimistic that our market is big,” the President said.

On various occasions, the President always encourages automotive industry to penetrate export markets, given the

fact that this industry plays a great role in economy. “It is the second biggest sector in processing industry and among top five of investment sources in industrial sector,” the President further said.

Therefore, President asserted that the Government will fully help and support automotive industry. The Government is currently preparing a number of incentives for this industry, such as tax holiday, tax allowance, and super deduction.

Regarding super deduction,

the President explained that companies’ expenses for activities like vocational training can be deducted up to 200 percent from taxable income (PKP).

“The number will be big, but the Ministry of Finance is still studying it. Automotive industry must also have courage to get out of its comfort zone. Be careful, it is difficult sometimes to get out of our comfort zone.”

The President said while reminding all doers in this industry to work hard and create innovations. (Setkab/TPP)

Vice President Jusuf Kalla (JK) encourages that infrastructure development colaboration between the government and the private sector can be expanded. The government has made various schemes for public and private investment cooperation for infrastructure development.

“I think we also have the concept of BOT (Built, Operate, Transfer) or other concepts that actually the government has prepared there are several companies like PT SMI, so we have PTBI, there are BLU, so the concepts are already running but how is the scope more broadly, “JK said when opening the Workshop on Infrastructure Development through Government Cooperation with Business Entities in his office on Thursday (2/8).

JK said, the private sector has limitations in investing in infrastructure. Usually the private sector seeks investments that have eco-

nomic value, and visible business value. Investment in the infrastructure sector does not all have this value. Therefore, an investment cooperation scheme was established between the private sector and the government, as well as state-owned enterprises (BUMN).

JK pointed out, the construction of irrigation, village roads and district roads are very important. However, for the private sector, investment in rural road development has no business value. Meanwhile, building toll roads, ports and electricity has longterm economic value.

“Not all infrastructures are viable businesses, irrigation is certainly economic viable but not business viable, village roads, district roads are very important, but business is certainly difficult to calculate, but toll roads, making ports, airports, electricity can all be calculated so of course the private sector can participate, “JK said. (RPBLK/TPP)

September, 2018 | Vol. 8 No. 09 | A3

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NATIONAL Gathering 500 Exporters, Sri Mulyani: There Is No More Tax Levy reuters.com

PUBLISHER S. D. Darmono COMMISSIONER Agus Canny Muljadi Suganda

The government has gathered 500 exporters to explain the fiscal facility provided by the state in a bid to boost Indonesia’s export performance and improve the deficit in trade balance.

Finance Minister Sri Mulyani Indrawati said the government had now issued concrete policy that could help stimulate exports in Indonesia in the form of fiscal policy by eliminating tax levy on the processing industry of export-oriented goods.

“With the elimination of the tax levy, it is expected to create a multiplier effect to the increasing investment, increasing exports, and the creation of more jobs for the community which lead to national economic growth,” Sri Mulyani said in Jakar-

ta, on Tuesday (8/7).

She further explained that various fiscal ease schemes have been given to the Bonded Zones and Ease of Import for Export Purpose (KITE) to the industrial companies, as well as to Bonded Logistics Centers (PLB) in supplying raw materials to the industrial companies.

The facilities are also to accelerate the growth of Indonesia’s foreign trade and increase the competitiveness to encourage national exports.

“We (Ministry of Finance) synergize with the Indonesian Export Financing Agency (LPEI) to provide national export financing and quality consultancy services as a solution to the needs of Indonesian exports, as well as

Industry Minister Ensures AMMDes Production in January 2019 to Reach 15,000 Units

SENIOR ADVISOR Yuwono Sudarsono, Ermaya Suradinata, Sugiharto, Bacelius Ruru, Komaruddin Hidayat, Cosmas Batubara, Budi Susilo Soepandji, Scott Younger, Ali Basyah Suryo, Djoko Nugroho, Jony Oktavian Haryanto, Samsul Hadi

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CHIEF EXECUTIVE OFFICER AND EDITOR IN CHIEF Rachmat Wirasena Suryo EDITORIAL SECRETARY Azzahrotul Muthmainnah HS Erni S. Bermansyah, DEPUTY EDITOR IN CHIEF Arya Mandala, Dhiyan W. Wibowo, Robert J. EDITOR Mohammad Irawan, Achmad Fadli, Irvan Ali, Meutia Febrina, Khodijah Febriyani ART DESIGN Anton Ristiono WEB MANAGER Reza Partakusuma PHOTOGRAPHER Rizki Meirino SALES AND MARKETING MANAGER Nina Karlita ASSISTANT MANAGER Erni Imansyah BUSINESS DEVELOPMENT Irgi Fachrezi Casanova SALES AND MARKETING Marmis Rivera CIRCULATION AND DISTRIBUTION Candra Mata HEAD OF EDITORIAL AND MARKETING BEKASI, CIKARANG, KERAWANG, AND CILEGON Kris Cahyono HEAD OF EDITORIAL AND MARKETING JOGJAKARTA, SEMARANG, SURAKARTA, AND SURABAYA Edi Santoso, Sriyanto THE PRESIDENT POST Menara Batavia 25th floor Jl. KH. Mas Mansyur Kav. 126 Jakarta 10220 Telp. +62 21 579 303 47 Fax. +62 21 572 733 8 en.presidentpost.id PARTNERS

The government continues to spur the productivity and competitiveness of the domestic automotive industry. One particular vehicle being ramped up is the Rural Multipurpose Mechanical Equipment (AMMDes).

“Currently we are ready to produce 3,000 units of AMMDes, and we will increase it to 9,000-15,000 units per year. The mass production will begin in January 2019,” Industry Minister Airlangga Hartarto said at the opening of 2018 Gaikindo Indonesia International Auto Show (GIIAS) at ICE BSD City, Tangerang, Banten, on Thursday (8/2).

According to him, a series of trials have been carried out in the development of AMMDes, including the licensing under the Ministry of Transportation. “Now the licensing is being processed, hopefully in November it will be completed,” he added.

Regarding the spare parts, Air-

langga ensures their availability in the market, and so the distributors.

As for the price, he estimates between Rp65 million and Rp70 without the accessories.

“The accessories will depend on the consumer’s needs. For example, if you want to use a pump, it costs additional Rp3 million or using rice milling costs Rp7 million,” he said. This multipurpose rural vehicle uses fuel type of euro2 or Biodiesel 20.

The minister also said PT Kiat Mahesa Wintor Indonesia (PT KMWI), as the producer of AMMDes, has a commitment to work with more than 70 domestic small and medium enterprises (SMEs) as the component suppliers of the “Farmer car”.

Currently the SMEs have been producing 184 types of components or equivalent to 70 percent of the AMMDes price value. “In the future, the supply capacity will continue to

be increased. For this reason, we are proud to launch AMMDes as a national product at the opening ceremony of GIIAS 2018 which was officially inaugurated by President Joko Widodo,” the minister said.

The Industry Ministry facilitated AMMDes producer to participate in the GIIAS 2018 with the promoting banner of “AMMDes the Work of Nation - One Equipment with Many Benefits”. Its pavilion displays seven vehicles with various accessories, such as rice bleacher, grain breaker, pump and generator. These accessories are to enhance the productivity of agriculture and plantations in the rural areas.

President Joko Widodo accompanied by Minister Airlangga tried the AMMDes vehicle in hall 3, ICE, BSD. Jokowi took the passenger seat, followed by Minister Airlangga, then he said, “The seat feels so comfortable.” (TPP)

Big Harvest, Indonesia Exports 5,600 Tons of Shallot to Thailand akurat.co

We believe that it is important to serve the investors in the future with all the required facilities such as electricity, connectivity, and economic efficiency.”

About 5,600 tons of red onion from Brebes, Central Java, were exported to Thailand marking the commencement of onion harvest season in the region on Wednesday (8/1). The f leet carrying the commodity was officially released by Agriculture Minister Andi Amran Sulaiman accom-

panied Managing Director of Perum Bulog, Budi Waseso and Brebes Regent Idza Priyanti.

“This year, the export target of shallots is 9,000 tons. Today, we start exporting it to Thailand for 5,600 tons and will be followed by 3,000 tons next month,” said the minister.

“In addition to Thailand, we also export it to Vietnam, China, Singapore and several other countries,” Amran added.

Earlier the minister and his entourage came in Jagalempeni Village, Wanasari District, Brebes, where they pulled some shallots to

symbolically mark the beginning of the harvest season. Minister Amran then appreciated the hard work of farmers in Brebes and other regions to make Indonesia exporter after in the past became an importer.

Brebes is the largest red onion production center in Indonesia, contributing 18.5 percent of national production or 57 percent of Central Java’s production. The harvest season usually falls in June and August.

The exports of red on-

ion started in 2016 and continue until now, considered a major achievement of agricultural development in the era of Jokowi-JK administration. Based on data from the Central Statistics Bureau (BPS), in 2014 Indonesia still imported 74,903 tons of shallot.

In 2015 the total import amounted to 17,429 tons, but in 2016 there was no import at all, even an export of 735 tons and in 2017 Indonesia had managed to export 7,750 tons of red onion or increased by 93.5 percent.

In 2016 Indonesia’s harvested area for red onion reached 149.600 hectares with production 1.45 million tons. The planting area increased by 22.5% from the previous year. In 2017 the production was 1.47 million tons, up 1.7% from 2016.

“There are already 5 agricultural commodities including red onion that we have managed to export, and have been done in a short period of time,” the minister said. (DTK/ TPP)

We synergize with the Indonesian Export Financing Agency (LPEI) to provide national export financing and quality consultancy services as a solution to the needs of Indonesian exports.” improving the capability of business players,” the minister said.

They includes the small and medium entrepreneurs, she added, to produce superior and competitive export-oriented products. “This is realized through the distribution of Export Financing Facilities in the form of Export Work-

ing Capital Loans and Export Investment Loans.”

Meanwhile Director General of Customs and Excise Heru Pambudi said that his department has provided various fiscal facilities to support the ease and increase of exports. Some of these facilities include KITE for Small and Medium Industries (IKM), Bonded Zones (KB), Bonded Logistics Center, and Bonded Warehouses.

“The utilization of the facilities has been quite high.

As of June 30, 2018 there were 1,396 active bonded zones, 237 bonded warehouses, 368 companies who utilized the KITE. As many as 53 lKM and 57 PLB across Indonesia has also utilized the KlTE facilities,” he concluded. (OKZ/ TPP)

PPN Minister Invites Russian Investors to Expand Investment in Indonesia The Ministry of National Development Planning (PPN)/National Development Planning Agency (Bappenas) has invited investors in Russia to expand their investments in Indonesia. The tourism and infrastructure are the key sectors in the cooperation between Indonesia and Russia.

Minister of PPN/Head of Bappenas, Bambang Brodjonegoro said that during the IndonesiaRussia Business Forum held by the Embassy of the Republic of Indonesia (KBRI) in Moscow at the World Trade Center (WTC), Moscow, Russia.

According to Bambang, about 90 percent of Russian investments in Indonesia are in hotels, restaurants, trade, etc., and most of the investments are made in Bali and Nusa Tenggara.

“Through this cooperation, Indonesia and Russia are expected to increase the amount of exports and imports between the two countries, to face the challenges of the world economy at this time after the Fed increased the interest rate,” Bambang said in Jakarta, on Monday (8/6).

He added the forum was expected to be a bridge of information about the investment opportunities in Indonesia, which currently widely vary from the development of Special Economic Zones, Ports, to the development of 10 destinations of New Bali.

Previously, the government through the Ministry of National Development Planning/Bappenas invited business community in Turkey to invest in Indonesia, at the Indonesia-Istanbul Investment Promotion Forum, in Turkey.

On the occasion, Bambang said, the Indonesian government informed the current intensive development of Non-Government Budget Investment Financing (PINA) scheme as an effort to build infrastructure without having to rely on the government budget.

“Through the visit to Turkey, we hope that Turkish investors can become strategic partners of the Indonesia government in infrastructure development in the country through PPP and PINA schemes,” Bambang said. (BRT/ TPP)

Investment in Quarter II-2018 Reaches Rp176 Trillion

The Investment Coordinating Board (BKPM) has announced that the realization of investment in the second quarter (April-June) of 2018 reached Rp176.3 trillion.

The investment realization increased by 3.1% compared to the same period in 2017 which amounted to Rp170.9 trillion.

Cumulatively, the realization of investment in the first half of 2018 reached Rp361.6 trillion.

That figure grew 7.4% compared to the realization in the first half of 2017 at Rp336.7 trillion.

The one-semester realization also covers 47.3% of the target realization of the investment announced this year of Rp765 trillion.

The realization of investment in the sec-

medcom.id

ond quarter of 2018 at the amount of Rp176.3 trillion consists of foreign direct investment (PMA) Rp95.7 trillion and domestic investment (PMDN) Rp80.6 trillion.

PMA realization was down 12.9% compared to PMA realization in the second quarter of 2017 at Rp109.9 trillion, while the domestic investment rose by 32.1% from Rp61 trillion in the same period last year.

Cumulatively, the realization of foreign direct investment in first semester 2018 also decreased by 1.1% from Rp206.9 trillion in the first half of 2017 at Rp204.6 trillion. Meanwhile the realization of domestic investment increased by 21% from Rp129.8 trillion to Rp157 trillion. (DTK/TPP)

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INTERNATIONAL INTERNATIONALBRIEF Indonesian Lover, Dutch Canadian Help To Promote Indonesia’s Potential in Canada

14 Indonesian Brands Enliven Paragon Mall in Singapore kemlu.go.id

Indonesian Consul General of Toronto, Leonard F Hutabarat, Ph.D., had a meeting with Bas and Louise Opdenkelder, Thursday (8/23). Bas and Louise Opdenkelder are Canadian citizens of Dutch descent who have a love of Indonesia.

The Indonesian Consul General in Toronto will also introduce Komodo Dragon in Labuan Bajo and other tourist destinations, besides Bali and Yogya.

Indonesian Condul General of Toronto, Bas Opdenkelder welcomed Leonard F Hutabarat, Ph.D. the efforts of the Indonesian Consul General in Toronto and will help by introducing the Indonesian Consul General in Toronto through his network of Canadian Dutch people to help find markets for Indonesian products. Thus it is hoped that more Dutch Canadian people will know and will visit Indonesia.

Indonesian Young Entrepreneurs Explore Opportunities to Enter French Market

Ambassador Hotmangaradja Pandjaitan met 50 Indonesian young entrepreneurs, members of Indonesian Young Entrepreneurs Association (HIPMI), led by the chairman, Bahlil Lahadalia, at the Embassy.

In the metting, the Ambassador conveyed current bilateral relationship between Indonesia and France, especially in the economic sector, as well as various financial cooperation projects, development of trade and investment and capacity building cooperation.

Currently there are opportunities for Indonesian commodities to enter French market, for example for coffee and tea products, textiles, rubber products, footwear, and furniture. One important factor to pay attention to Indonesian entrepreneurs interested in entering the French market is compliance with environmental sustainability.

Doing Business at the Indonesian Festival in Moscow The Indonesian Festival in Moscow, which took place on 3-5 August 2018, was not only an event to promote Indonesian culture to Russian society, but also as a place to do business and cooperation in Russia.

The Ambassador of the Republic of Indonesia to the Russian Federation M. Wahid Supriyadi noted that there were a lot of business opportunities in the festival. According to Ambassador Wahid, many Indonesian businessmen, who also participants in the festival, saw the business opportunities and potential, including small and medium enterprises (UKM).

“They (the festival participants) said the market opportunities in Russia for Indonesian products and many interested people or buyers who want to buy Indonesian products and even quite a lot who have got buyers and distributors, “said Ambassador Wahid.

Fourteen Indonesian brands: Purana, D.Tale, Nataoka, Hunting Fields, Maison Met, Pattent Goods, and Oaksva Jewelery, Woodka, Bermock, Danjyo Hiyoji, Alexalexa, Saul, Jeffry Tan and Diniira, offer their collections in the RISING FASHION PopUp Store at Paragon Shopping Center, Orchard Singapore, for one month from August 1 to 31, 2018.

RISING FASHION is a collaboration between Indonesian and Singaporean fashion designers. RISING is originated from RI for Republic of Indonesia and SING for Singapore.

RISING Fashion was held the first time in 2017 by the Indonesian Embassy in Singapore in collaboration with Digital

Fashion Week and Textile and Fashion Federation (TaFF) at the Galery Lafayette Pacific Place, Jakarta.

The RISING FASHION 2018 was officially opened by Indonesian Foreign Affairs Minister Retno Marsudi on the sidelines of attending ASEAN Foreign Minister and Dialogue Partner Countries in Singapore. The 14 Indonesian brands are displayed on the third f loor of the prestigious Paragon shopping center.

Retno expressed her appreciation to the 14 brands from Indonesia and hoped that this activity would stimulate other Indonesian designers to enter the global fashion market. She also emphasized that RI’s superior creative prod-

kemlu.go.id

70 Years of IndonesiaAmerica, Cooperation in Defense and Trade Enhanced Indonesia and the United States of America are welcoming the celebration of 70th anniversary of diplomatic relations in 2019. The two countries will strengthen cooperation in politics and security, trade and defense under the framework of the Strategic Partnership agreed in 2015.

That was revealed at a meeting of Indonesian Minister of Foreign Affairs Retno L.P. Marsudi with US Secretary of State Michael R. Pompeo in Jakarta on Saturday (8/4).

Indonesia and the United States share a common vision to maintain strong bilateral relations as a foundation for both countries to enhance

more balanced and beneficial cooperation in all fields.

The two ministers also agreed that the two countries would encourage more trade and investment cooperation in the Indo-Pacific region, with major involvement in the digital economy, energy security and infrastructure. Minister Retno reiterated the main pillars of Indonesian concept on Indo-Pacific, namely: encouraging inclusiveness, dialogue habits, and respecting international laws.

The two ministers also exchanged views on the issue of the South China Sea, the peace process on the Korean Peninsula and Palestine.

They highlighted the impor-

age, condiments and a variety of dry foods. The main clienteles of Oey Trading Co., in addition to Indonesian households, are supermarket chains, ethnic food retailers and various Asian restaurants in the Greater Toronto Area (GTA).

The imported products are adjusted to the market tastes and requests of clients, especially food retailers such as Loblaws and T & T. On several occasions, Joe and Elke Oey also granted the requests from local individual buyers, the majority of whom had visited Indonesia.

Indonesian products in great demand by the Canadian market are instant noodle, instant seasoning, packaged beverages, dried peanut products, crackers,

buyers meetings, match-making designers, and also a joint shopping session for fashion lovers and Indonesian diaspora in Singapore.

The RISING FASHION was inaugurated on August 1, 2018 at the Paragon Shopping Center by Indonesian Foreign Affairs Minister Retno Marsudi, Indonesian Ambassador Ngurah Swajaya, and the CEO of Paragon Shopping Center.

The opening ceremony was attended by 200 invited guests and media crews who got the first opportunity to see the collections of limited editions of all designers specially prepared for the RISING FASHION. The sales of the first day reached US$3,560.

(KEMLU/TPP)

Indonesian Embassy in Tunisia Encourages Tunisian Tourists to Visit Indonesia liputan6.com

Minister Retno reiterated the main pillars of Indonesian concept on Indo-Pacific, namely: encouraging inclusiveness, dialogue habits, and respecting international laws.”

tance for Indonesia and the US to respect each other and work together on issues that have common interest in the UN Security Council. Indonesia, as a newly elected nonpermanent member, will sit at the same table as the US at the UN Security Council for the period 2019-2020.

During his visit to Indonesia, Minister Pompeo also paid a courtesy call to President Joko Widodo. (KEMLU/TPP)

Indonesian Consulate General in Toronto Inspires RI Food Producers to Expand Indonesian Consul General to Toronto, Leonard F. Hutabarat, has held a discussion with the largest importer and distributor of Indonesian food products in Canada, Oey Trading Co. He expressed his hope to be able to increase the export volume of Indonesian food products through the food retail industry in Canada. To Leonard, the owners of Oey Trading Co., Joe and Elke Oey, explained in detail about the consumers, market demand, marketing tactics and various issues faced by importers, distributors and producers of Indonesian food products.

Since its operation in 1985, Oey Trading Co.’s sales are dominated by instant seasoning products, packaged food and bever-

ucts have the potential to make Indonesia a global player and for that, the Ministry of Foreign Affairs and related stakeholders will continue to support the expansion of exposure and export of Indonesian creative products to foreign countries.

Meantime Indonesian Ambassador Ngurah Swajaya said, “We believe that the collaboration of the two countries’ fashion industry will strengthen their public relations and their role as the main players in fashion within the framework of the ASEAN Economic Community.”

In one month RISING FASHION 2018 there are some activities of trunk shows, fashion networking sessions,

soy sauce and chili sauce. The most popular brands in Canada today are Indofood, Garuda, ABC Ketchup and Bango Ketchup.

These products are promoted, among others, through the introduction of Indonesian cuisine recipes on the company’s website, cooking demonstrations in various supermarkets, and chef training for various Asian restaurants, which is considered a very effective marketing strategy.

Joe Oey said that as an importer and distributor, he often faces challenges not only from Indonesian food producers, but also from the food retailers in Canada. In the import process, for example, they are often forced to pay the cost of Bill of Lading that should be issued by the ex-

porters in Indonesia. Many producers in Indonesia also cannot fulfill a large volume order. The prices of Indonesian food products are sometimes unstable, affecting the profit margin that has been agreed upon with the supermarkets. At the same time, large food retailers such as Loblaws and Walmart demand rapid turnover for the stock of products sold in their supermarket chains.

Despite that many challenges, Joe and Elke Oey remain optimistic that Indonesian products can compete in the Canadian market. They suggested the exporters to further penetrate the market through the non-mainstream supermarkets that sell more ethnic food products. (TPP)

To promote Indonesia, especially its tourism and cultural beauty in Tunisia, the Indonesian Embassy in Tunis held a Familiarization Trip (Fam Trip) program to visit DKI Jakarta, West Java and South Sulawesi last month.

The participants were 4 journalists and cameramen from Tunisian National Television 1, one contributor of the Indonesian Student Association (PPI Tunisia), and one companion from the Indonesian Embassy in Tunis.

During the Fam Trip, they took pictures of tourist objects, conducted interviews with various groups and local citizens. They visited various, including Museum KAA, Tangkuban Perahu, Floating Market, Lodge Maribaya, Saung Udjo and Lembang in West Java Province, Ecological Tourism in Taman Batu, Rammang rammang, Pulau Samalona, Losari beach and La Galigo Museum, Toraja, Puncak Lolai

in South Sulawesi Province and to the Taman Mini Indonesia Indah and Grand Indonesia Museum and Mall in DKI Jakarta Province.

The Fam Trip is expected to increase tourism and cultural cooperation between the two countries and encourage more Tunisian tourists to visit Indonesia. It is also hoped that Indonesia will be increasingly known as a diverse tourist destination, giving a positive impact on the development of the tourism sector in Indonesia so that it can support the target of 17 million foreign tourists arrivals to Indonesia, including tourists from Tunisia.

The activities of Fam Trip will be aired nationally by Tunisia’s TV 1, so that the Tunisians can obtain not only information about various tourist destinations in Indonesia, but also recognize the history and uniqueness of Indonesian culture. (KEMLU/TPP)

September, 2018 | Vol. 8 No. 09 | A5

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INFRASTRUCTURE infonawacita.com

indulexco.co.id

Infrastructure Development Creates New Economic Centers

Telkom’s Red and White Satellite Finally Into Orbit The Red and White Satellite belonging to Telkom Indonesia has successfully been launched with a Falcon 9 rocket from SpaceX, Cape Canaveral, Air Force Station, Florida, United States. This means that the ‘critical’ times on the launch of a rocket have been passed.

Then just wait for the satellite to enter the predetermined orbit of slot 108 degree East Longitude or above the Karimata Strait.

“I thank you for your support and prayers. We are grateful that the launch of the satellite has been completed and just waiting

for the time to go into orbit,” said President Director of Telkom Indonesia, Alex J. Sinaga in a live streaming video from Florida, USA, on Tuesday (8/7).

A report from merdeka.com says it takes approximately 30 minutes for the satellite to reach the orbit and start to operate. If nothing gets in the way, the satellite is ready for use on September 15, 2018.

The Red and White satellite was prepared for 28 months and involved the human resources from Telkom Indonesia to learn about satellites. Regarding the

cost, the satellite launch project only costs US$165 million, equivalent to Rp2.38 trillion (Rp14,475/US$), including the insurance premium of US$10 million.

The satellite, which is intended to replace the Telkom 1, carries 60 active transponders consisting of 24 C-Band transponders and 12 C-Band extended transponders that will serve the Southeast Asia region, including Indonesia, as well as 24 C-Band transponders that will cover the South Asia. This satellite relies on the SSL 1300

platform with a design for a lifespan of 16 years.

The construction of the Merah Putih Satellite involves two US companies, SSL as the manufacturer of the satellite and SpaceX as the provider of satellite launching services.

SSL is a well-known satellite manufacturer and has successfully completed the construction of the Red White Satellite faster than scheduled. The Red and White Satellite was then launched to its orbital slot using the SpaceX’s Falcon 9 Rocket. (MERDEKA/TPP)

Mega Project of Cisemdawu Toll Road Becomes Government’s Priority infonawacita.com

A number of infrastructure mega projects are of a particular concern to West Java Governor P Mochamad Iriawan.

Recently, Iriawan conducted a safari of inspection to a number of infrastructure development sites in West Java Province.

The inspection aimed to accelerate the development pro-

cess, or at least in accordance with the predetermined time target. There are three infrastructure mega projects under the inspection of the governor, namely the Cisumdawu Toll Road, Kuningan Dam, and Patimban Port in Subang Regency.

During his inspection in the

kominfo.go.id

construction site of the Cisumdawu Toll Road in Rancakalong Village, Sumedang Regency, Iwan found several sections were still being worked on. The Cisumdawu toll road is a 61.6 kilometer freeway, which has a 472 meter tunnel with a diameter of 14 meters.

The construction of Cisum-

dawu Toll Road consists of six sections, the section I is Cileunyi-Rancakalong, section II is Rancakalong-Sumedang, section III is Sumedang-Cimalaka, section IV is Cimalaka-Legok, section V is Legok-Ujungjaya, and section VI is UjungjayaDawuan.

The Cisumdawu Toll Road is being constructed under the collaboration scheme between the government and the Toll Road Business Entity (BUJT).

The construction of the toll road is targeted to be completed in 2020. At present, in addition to the construction of infrastructure, the acquisition of some plots of land is still under process.

For example in the section 1 phase III (Cileungi-Rancakalong) with a length of 11.45 km, the land acquisition has only reached 37.43 percent.

While in the section 2 phase II (Ciherang-Sumedang) with a length of 10.70 kilometers, the land acquisition has reached 88.47 percent. The land acquisition target, said Iriawan, must be completed in September 2018, with a contract value of Rp3,485,999,660,965. (RPBLK/TPP)

Rector of University of Jenderal Sudirman (Unsoed) Purwokerto, Professor Suwarto, has said that the infrastructure development implemented by the government in various regions will create new economic centers.

“I can see that in terms of equitable development, it is quite good because in some regions outside Java, the development has been improving rapidly and I think the infrastructures of road and others will grow the economy in these regions,” he said in Purwokerto, Banyumas Regency, Central Java, on Thursday (8/16).

According to Suwarto, there will be no economic growth with limited infrastructure which will become an obstacle.

Therefore, he added, the acceleration of infrastructure development by the government is a good step to stimulate the economic activity anywhere.

“Only, what needs to be considered is that it must be balanced with the other sector, not in the infrastructure only. The development of human resources (HR) has also to be done in the related regions. Do not let the infrastructure is good but the human resources are still lagged behind,” said the rector.

He pointed out that HR development could be related to how to improve the capacity of local communities to develop the economy, to inno-

vate, and to maintain the infrastructure.

According to him, these abilities must be controlled by the local people in the area so that they have a sense of ownership and are able to develop the economy.

“We are grateful to be able to help develop the infrastructure there,” said Suwarto who is also an agricultural expert.

He said that the current infrastructure development has opened up many remote areas, while the previous government prioritized development in certain regions.

“This equality (infrastructure development, ed.), I think it’s good because the economy will grow everywhere,” he added.

Suwarto further said the development of rural areas in Java, which is currently growing rapidly with the improvements in agricultural infrastructure such as irrigation and the farming roads which will accelerate the transportation of commodities so that they are more efficient and economical.

In fact, he added, the infrastructure development also supports the development of civilization and culture so that there are no more isolated areas.

“The citizens in remote areas deserve to enjoy the infrastructure development. They can see now after Indonesia independent for 73 years, finally the development begins to be evenly distributed,” he said. (ANT/TPP)

JICA Loans Rp1.2 T for Building Access Road to Patimban Port The construction of access road to Patimban Port is ready to begin after JICA disbursing the loan. The construction of the phase I of access road to Patimban Port in West Java was marked by the signing of the project package with the contractor and consultant.

The package is the construction of a 8.2 kilometers access road with an investment value of Rp1.12 trillion.

The construction will be carried out by the joint venture of Shimizu-PT PP-Bangun Cipta Konstruksi for 18 months.

The access road will be built with floating construction consisting of 5.9 kilometers slab pile and 1.6 kilometers flyover.

“The access road to Patimban will be connected to the national road network of

Pantura and in the long run it will be connected to the Cipali toll road,” said Director General of Highways of the Ministry of Public Works, Sugiyartanto, in Jakarta, on Tuesday (8/14).

The construction of access road to Patimban Port is funded by JICA loan amounting to ¥11.535 billion (the construction is ¥10.736 billion and the supervision is ¥799 million).

The access road to Patimban is part of the Patimban Port development program.

The Patimban Port is designed to become the second largest container port in Indonesia after Tanjung Priok.

The construction of access road to Patimban Port is expected to increase the economic growth in the regions on the North Coast. (DTK/ TPP)

Menkominfo Affirms Application of 5G Technology in Indonesia for Industry In the development of network technology that is currently entering 5G, Minister of Communication and Informatics (Menkominfo) Rudiantara confirmed that the application of 5G in Indonesia will be only for the industrial sector, not individuals for the initial phase.

“The application of 5G technology for the initial phase is only for industry, machines to machines. How robots can replace forklift vehicles in lifting goods. So, the application

is for these things, not for individuals,” Minister Rudiantara told reporters in Jakarta on Wednesday (8/15).

He said this 5G technology ecosystem depends on the industry. Up to 4G, the application is for consumers, but once it enters 5G technology, the application is for industry.

The minister was answering the questions circulating in the community regarding the possibility whether 5G technology can be used by individuals.

The similar thing was also conveyed by Telkomsel President Director Ririek Adriansyah that the existing 5G technology in several countries is more for home broadband, because the first thing must be there is the spectrum.

“The business model is definitely different from 2G, 3G or 4G. The 4G technology is business to consumer, from operators directly to individuals. But for 5G it is business to business to consumer. So, from the op-

erator then, for example, it is used by industry or machine to machine and then the machine is used for the community,” said the Telkomsel director to Antara.

He added that the 5G technology with very fast speed would be useless if only to be used for accessing the Internet.

“When will this technology be applied here depends on the readiness of the spectrum,” said Ririek Adriansyah. (ANT/ TPP)

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THE REGION humas pandeglang

Bekasi Regency Accelerates Infrastructure Towards an Independent Economy ytimg.com

Pandeglang Regent Inaugurates Farmers’ Smart House in Cipeucang Pandeglang Regent Irna Narulita inaugurated the Farmers’ Smart House (RPP) in Curugbarang Village, Cipeucang District, on Wednesday (8/1). She said the RPP is expected to develop the potential of agricultural sector in Pandeglang Regency.

“Hopefully this will make Pandeglang a big supplier of food for Banten Province and even the national demand,” said Irna who was accompanied

by Head of Banten Agricultural Technology Assessment Center Amirudin Pohan, Chairperson of Pandeglang KTNA Anton Haerulsamsi and Head of Pandeglang Agriculture Office Budi Januardi.

According to Irna, the local government continues to work together with the central and provincial governments and the farmers to develop agricultural programs so that in the end

it will improve the welfare of the farmers.

“We expect the agricultural extension agents (PPLs) and the farmers will truly utilize the smart houses so that they have more ability and skills in developing the agricultural businesses,” she added.

Head of the Pandeglang Agriculture Office Budi Januardi said, the RPP serves as a training place for farmers to be able to improve their skills and knowledge in agriculture.

“In Pandeglang Regency, there are five smart houses located in Cipeucang, Mandalawangi, Panimbang, Cibaliung and Cikeusik Districts,” Budi said.

He further said that his office will continue to encourage various developments in the agricultural sector, for example integrating the agricultur-

al landscapes, building an agro market, and developing the Agricultural Extension Agency (BPP) in each district.

Budi also said the RPP is a concrete form from the local government in realizing an agribusiness training center for the farmers. “Hopefully it can be a turning point of the revival of agricultural development, as a place of learning and training for PPLs and farmers in Pandeglang Regency.”

In addition to inaugurating the farmers’ smart house, Regent Irna also harvested pakcoy vegetable and reviewed catfish seeds, compost fertilizer, corn and soybean crops and provided assistance in the form of Insurance Premium (AUTP) for 93 hectares paddy fields, also gave cocoa and nutmeg seedlings to some farmer groups. (TUNTAS/ TPP)

Bekasi Regency continues to grow and develop in various sectors. This regency is no longer just a buffer zone for DKI Jakarta.

Infrastructure is increasingly stretching towards an independent economy.

Bekasi Regency has become a new economic growth region. Its role and position are now quite strategic because they are on an important economic path. Moreover, Bekasi connects the capital city with regions in the eastern part of Java.

Bekasi Regency also has an industrial area that is among the largest in Southeast Asia. This is more value to facilitate economic stretching. Including the distribution of the agricultural and plantation sectors, transportation infrastructure is one of the main focuses of development. The goal is to create a reliable, integrated and efficient system.

“We prepare infrastructure from all fields to support it,” said Bekasi Regent

Neneng Hasanah Yasin, some time ago. Real efforts to accelerate infrastructure in Bekasi Regency are like the construction of the South Tambun Underpass with a width of 22 meters and a length of 162 meters consisting of four lanes.

The Bekasi-Cikarang commuter line is the result of cooperation between the governments of Indonesia and Japan through a contract signed in 2012 with financing of Rp 2.3 trillion. In addition to infrastructure, health care facilities are strengthened by the construction of the General Hospital (RSU) Bungin branch.

The goal is to to facilitate the people in the northern Bekasi region to get health services. In the housing sector, Bekasi Regency has implemented Rumah Tidak Layak Huni (Rutilahu) program. This program distributes assistance to the community in the area of settlements.

So far in Bekasi Regency, the existence of public facilities such as general hospitals has not been proportional to the population. According to Deputy Regent of Bekasi Eka Supria

Atmaja, the establishment of the general hospital is expected to improve public health services, especially those living in Babelan District and its surroundings. Moreover, stretching in the industrial and trade sectors is currently supported by the tourism sector.

Bekasi Regency has a number of mainstay destinations that help economic growth including wildlife tourism (crocodile breeding in Indonesian Crocodile Park), family recreation tours (Go Wet Waterpark in Tambun, Transera Waterpark in Tarumajaya, Waterboom Lippo Cikarang), historical tours (Saung Ranggon , Juang 45 Building, Buni Site, hero tomb KH Noer Alie), lake tourism (Situ Cibeureum, Situ Rawa Binong), beach tourism (Muara Gembong area), art and cultural tourism (Batik Seraci Tarumajaya or Bekasi Batik) to industrial tourism ( for example the Coca Cola Amatil area).

Outside these mainstay destination areas there are many other potential in the tourism sector that can be improved.

(TPP)

September, 2018 | Vol. 8 No. 09 | A7

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TOURISM gwkbali.com

Qatar to Inject Rp7.15 Trillion Fund into Indonesia to Develop New Bali csis.org

Completed, Garuda Wisnu Kencana Ready to Welcome Travelers to Bali The construction of the giant Garuda Wisnu Kencana statue in the area of GWK Cultural Park, Ungasan, Jimbaran Bali, has finally been completed. It takes a very long time to complete, up to 28 years, from the time of planning and design which started in the era of President Soeharto and finished in the era of President Joko Widodo.

To celebrate the completion, art performances were staged at the GWK Cultural Park, including some gigs of a number of artists.

According to Tourism Ministry’s Deputy for Marketing Development I, I Gde Pitana, GWK will become a new symbol of tourism as well as the pride of the Balinese people.

“Finally, after waiting long enough, the giant statue of

Garuda Wisnu Kencana is completed. GWK will be one of the attractions of tourism in an effort to meet the target of 20 million foreign tourist arrivals in 2019,” Pitana said on Monday (30/7).

“Garuda Wisnu Kencana will be among the tallest statues in the world. Obviously the impact will be very positive in bringing in more foreign tourist to Indonesia,” he added.

The height of GWK statue is 121 meters, making it equal to the giant statues in the world like the Spring Temple Buddha in China, Laykyun Sekkya Buddha in Myanmar, Statue of Liberty of in the United States, Ushiku Daibutsu in Japan, The Motherland Calls in Russia, and Christ the Redeemer in Brazil.

“We believe the GWK statue will raise the Indonesia’s image as a quality tourism destination,” Pitana said.

The idea to construct the Garuda Wisnu Kencana came from Nyoman Nuarta with then Tourism Minister Joop Ave and Bali Governor Ida Bagus Oka in 1989. In 1990 the idea was presented before President Soeharto and approved. The groundbreaking was done in 1997 and the construction of the statue involved 120 artists.

Tourism Minister Arief Yahya welcomed enthusiastically the completion of Garuda Wisnu Kencana statue.

“Make the statue of GWK and its park as one of Indonesia’s icons and promote it widely to the world to attract more tourists,” he said. (LPT/TPP)

lion for the construction of a hotel by the Qatar company who will build a 5-star hotel in Mandalika,” Luhut said at a press conference in his office, Central Jakarta, on Wednesday (8/1).

Luhut also said Qatar was interested in developing the 10 destinations of New Bali.

However Luhut offered Qatar to first focus on 5 destinations of New Bali.

“They want to participate in the development of 10 destinations of New Bali. I recommend them to work on 5 destinations first,” he added.

According to him, Qatar is also committed to cooperate

in the defense sector.

“Qatar has expressed their commitment to the investment authority for the defense cooperation, such as war ships, bullets, and special forces shoes. They also want to cooperate in joint studies,” Luhut said.

“Another field of cooperation is the direct f light from Qatar to Banda Aceh and vice versa. Besides all that, they will also build aquaculture business in Sabang. All of these has been discussed and they want to execute them immediately,” he added. (DTK/TPP)

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Museum of Fine Arts and Ceramics Exhibits Historical Asian Ceramics The Fine Arts and Ceramics Museum organizes an exhibition called “Ceramic Asia in Batavia: The Age of Partnership” in its building located in the complex of Jakarta Old Town. The exhibition was officially opened by Acting Head of the Jakarta Tourism & Culture Office Asiantoro on Saturday (8/4).

The exhibition displayed ceramics that developed from time to time, completed with documents and information related to the important role of the ceramics in the history of national civilization. This event is part of a series of public programs of the Fine Art Museum Department to welcome the ASIAN GAMES 2018.

In his speech, Asiantoro said he hoped the exhibition would be enjoyed by Indonesian people in general and its theme of the glory of Asian Ceramics would contribute in fueling enthusiasm into Asian athletes who competed in the ASIAN GAMES 2018.

The various ceramic artifacts on display came from the excavations and the contributions from the community, Arkenas Research Center collection from Banten, President

Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan has said that the Indonesian government had just signed a Memorandum of Understanding (MoU) with the Qatari government.

The MoU states that Qatar will invest US$500 million or equivalent to Rp7.15 trillion. The investment, at the initial stage is for building a five-star hotel in Mandalika, Lombok, West Nusa Tenggara (NTB).

“Earlier we signed a partnership, an initial investment of US$500 mil-

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Soeharto’s souvenirs collected

by Purnabhakti Pertiwi Museum, and Frans Seda family’s collections.

The concept of this exhibition was designed by exhibition curator Naniek Harkantiningsih to present evidence of ceramics that showed the important role of Batavia in the world trade route, where Asian ceramics were the most important trade good of that time.

The important message raised in this exhibition is to inspire the citizens of the capital city and all visitors coming from various regions as

well as the athletes of Asian Games 2018 who were scheduled to visit it in the last week of August.

So, the exhibition is expected to become a window to get to know the potential of the country’s collections of Asian ceramics and know the important role of Jakarta in the development of Asian ceramics.

The ceramic exhibition is held from August 4 to September 2, 2018 which is also supported by a series of activities for the community, namely: discussions, competitions and workshops for the students.

(TPP)

“Sakura” in Tanjung Lesung! This plant’s name is Gamal which blooms during the dry season. Growing on the coast of Tanjung Lesung, the pink color reminds us of cherry blossoms in Japan.

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EDUCATION President University Signs Cooperation with 18 Taiwan Universities president.ac.id

A total of 18 universities from Taiwan have signed a Memorandum of Understanding (MoU) to cooperate with President University (PU) in enhancing education. In his speech, Rector of President University Jony Octavian Haryanto said PU welcomed the collaboration.

“We have faculties of accounting, business administration, engineering, mechanical engineering, industrial engineering, and international relations. We hope the MoU will turn into a Memorandum of

es of students, lecturers and joint researches like in the past which had gone well,” she said.

Rini added that Taiwan has been known for excellence in Information Technology (IT), and agriculture. Many lecturers, especially from Indonesia come to Taiwan to study.

“We target new markets.

This is our second roadshow.

The first at the beginning of the year was held in Bandung, Yogyakarta and Semarang. Jababeka is a new market for us, both for business and educa-

Agreement in the future,” said Jony in front of representatives of Taiwan universities in Jababeka Golf, Cikarang, on Thursday (8/9).

Meanwhile, Chairperson of the Taiwan Education Center in Indonesia, Rini Lestari, said that the MoU was the beginning to know better the universities in Taiwan.

“This collaboration is carried out in general. Later it will be detailed. Taiwan Education Center only bridges the cooperation, so there will be exchang-

tion,” she said.

CEO of Taiwan Education Center Indonesia Willy Yanto Wijaya added that PU has a very good reputation with a large number of international students, but only few from Taiwan.

“Through this event, we hope that both parties can complement each other in a collaborate for education for S1, S2, and S3 degrees,” he said, adding that Indonesia can learn about information technology from Taiwan and Taiwan can learn about culture from Indonesia.

The 18 Taiwan universities cooperating with PU are Tunghai University, I-Shou University, Fu Jen Catholic University, Dayeh University, Soochow University, Overseas Chinese University, National Kaohsiung Normal University, Taiwan Shoufu University, Chaoyang University of Technology, National Yunlin University of Science and Technology, WuFeng University, National Kaohsiung University of Hospitality and Tourism, Minghui University of Science and Technology, Shu-Te University, Yu Da University of Science and Technology, National Dong Hang University, Shih Chien University and National Taiwan Ocean University. (TPP)

To Facilitate its Foreign Students, Binus Opens Immigration Corner binus.ac.id

Bina Nusantara University (Binus), Kebon Jeruk, West Jakarta, started to operate the Immigration Corner on Tuesday (7/31). Binus is the first university who has Immigration Corner in its campus.

Director General of Immigration of the Justice and Human Rights Ministry, Ronny Franky Sompie, said the facility was prepared by the Binus Foundation. It serves the immigration applications from the students, staff, lecturers, and employees working for Bi-

Jakarta.

“We don’t have yet a stationary device for immigration information management system here,” Ronny said.

He added the Immigration Corner uses a mobile unit. It helps the campus community in saving time for taking care immigration documents.

According to Ronny, Binus was chosen as the first location for setting up the Immigration Corner in West Jakarta, with consideration that compared to the other cam-

nus.

“We provide services of residence permit and visa for the students and lecturers of foreign citizens,” Ronny told reporters at the Immigration Corner.

The students, lecturers, and employees of Indonesian citizens can also take care of travel documents, such as passport and visa at the Immigration Corner. However, for the document retrieval, it can only be done at the Klas 1 Immigration Office in West

puses, Binus has many more students and lecturers of foreign citizens.

However, in the future the Immigration Corner will also be set up in several other universities.

“The services here are not as complete as in the Immigration Office. It’s more initial processes,” he said.

Chairman of Binus Foundation, Bernard Gunawan, said that at Binus University has 400 students and 130 lecturers coming from other countries. “We are very grateful for being trusted to have the Immigration Corner. This is our motivation to provide world-class education.”

He added that Binus will try to make the services to continue to be improved by adding facilities and technology in stages.

Head of Traffic and Immigration Status West Jakarta Office, Felusia Sengky, said the Immigration Corner has two desks in serving the applicants.

They will explain the procedures in applying for passport, KITAS (residence permit), and other documents. (SINDO/TPP)

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Germany Eyes Indonesian Graduates of Vocational Schools German companies are interested to hire Indonesian graduates of vocational schools with qualified skills, according to former Indonesian Education and Culture Attaché for Germany, Professor Agus Rubiyanto after delivering a public lecture at the Shipping Science Polytechnic (Polimarin), Semarang, on Tuesday (8/14).

“The demand for nautical workforce is high. German companies are looking for alumni here. They need 40 people, but we can only provide 5,” Agus said. As a maritime country, Indonesia must focus on creating more nautical workforce.

This is in line with President Joko Widodo’s policy on marine development.

“Indonesia’s future is at sea, starting from logistics, transportation. When talking about the sea highway, we need a driver, now the driver should be efficient, we need vocational graduates,” he said.

Agus said the German government is enthusiastically to establish cooperation with Indonesia in various fields, including the vocational education. Such a collaboration has been realized since 2012.

“When we educate our children, we want to make them skillful after graduation. If

not, they won’t be competitive and have no chance to get a job. It is important for them to be proud of being educated in Indonesia,” he added.

Agus further said that vocational education must be able to integrate theory and practice. The vocational education in Germany adopts dualism system of 2 days theory and 3 days practice. In the shipping field, the students can study and practice how to controlling a ship in the middle of the sea. The practices are done through simulations and first hand in a real ship, cooperating with shipping companies.

“I can see Polimarin has done that, cooperating with various parties. The world of business and industry also take responsibility, educating students to be skillful and deft,” he added.

Germany has been used as a reference because the vocational education in the country is the oldest in the world, above Austria and Switzerland.

“The vocational education emphasizes skills, not memorization and not ingrained.

About 50 percent of German youth choose vocational education. Mercedes and VW are supported by skilled and structured personnel,” Agus concluded. (KOMPAS/TPP)

Sharing Risk Management for Universities, FEB UI Presents Experts from Ernst & Young Indonesia Risk management socialization for Universities is aimed at DGB, SAF, Leaders, Structural Departments / Study Programs, and Institutions in collaboration between the Faculty of Economics and Business, University of Indonesia (FEB UI) and Ernst and Young (EY) Advisory Indonesia which took place at the FEB UI Postgraduate building.

The speaker presented in this socialization, Bangkit Kuncoro, M.Sc., as a Partner of EY Advisory Indonesia. He said that a university’s risk management is a structured approach / methodology in managing uncertainties related to threats that are likened to a series of human activities including risk assessment, developing strategies to manage it and mitigating risks by using empowerment / resource management.

This risk management can be applied in a university to help anticipate various risks (the potential for undesirable things that occur). The University has two capacities, both re-quantitative and re-qualitative. If the two capacities are headed, it will cause a problem.

Therefore, it is necessary to sell in advance to anticipate.

“Because I am a practitioner, so I shared about the practical experience that has been applied in various government agencies and companies. Besides that, it is also the application in foreign universities conducted by the global EY network,” Bangkit Kuncoro said in the Postgraduate building, on Monday (8/21).

In the presentation of this socialization in the form of sharing starting from the definition, examples, then the key to success to apply risk management in a higher education institution. In addition, in the presentation there were several discussions that showed that the FEB UI was committed to later in order to be able to implement good and best risk management.

For this reason, this socialization can be a provision for implementing systematic risk management based on best practice about risk capacity.

“So, a lot of discussion that is nature shows how risk management interacts with strategy and also with operational matters,” he concluded. (UI/TPP)

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BUSINESS September, 2018 | Vol. 8 No. 09 | THE PRESIDENT POST

SINGAPORE INSIGHTS

ENERGY

To Cool the Property Market, ABRD is Set Higher and Tighter Loan Limits

Building Renewable Energy Power Plants in Indonesia, Denmark Spends Rp189 Billion

Page B3

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SPORT

Indonesia’s Success in 2018 Asian Games Becomes a Good Assets for the 2020 Tokyo Olympics Page B8

Page B4

en.presidentpost.id

Cikarang Dry Port Toll Gate Officially Open Government through Ministerial Decree of Public Works and Public Housing (PUPR), starting at 00.00 Western Indonesia Time, August 28, 2018, the toll road tariff access to Dry Port in Cikarang is officially enforced. With Number 561 / KPTS / M / 2018 concerning the Establishment of Motorized Vehicle Type Groups and Toll Rates on the Dry Port Access Road as part of the Jakarta-Cikampek Toll Road.

This decree was determined

by Minister of PUPR Basuki Hadimuljono in Jakarta, Monday (8/20).

In accordance with Decree No. 561 / KPTS / M / 2018 class type of motorized vehicles access to Cikarang Dry Port Access on the Jakarta-Cikampek Toll Road as follows: Vehicle Type Group 1. I Sedan, Jeep, Pick Up / Small Truck, and Bus 2. II Truck with 2 (two) axles 3. III Truck with 3 (three) axles 4. IV Truck with 4 (four) axles 5. V Trucks with 5 (five) axles The toll road users to Cikarang Dry Port will make payment at the North Cikarang Toll Gate with the tariff of each class are IDR I 4,500, Group II and III IDR 6,500, and Group IV and V IDR 9,000.

In its release, AVP Corporate Communication Dwimawan Heru, said that one of the dictums in the Decree stated that, PT Jasa Marga (Persero) Tbk., as the management of the Jakarta-Cikampek Toll Road, they have the right to refuse in putting in or out toll road users who did not meet the cargo limit requirements for the heaviest axis at the Toll Gate (GT) nearest the toll road.

“The implementation of the regulations and control of supervision of the heaviest axle load limits is carried out in collaboration with the Ministry of Transportation in accordance with the provisions of the legislation,” he said.

The Dry Port Access Road with a length of 3.06 km is an extension of the gate of the Tanjung Priok International Port. With the Cikarang Dry Port access road, it will reduce the excess capacity of Tanjung Priok Port and unload the trucks at the Jakarta-Cikampek Toll Road. (TPP)

Taiwan Brings 24 Companies to Indonesia to Increase Trade Relations The New Taipei City, Taiwan, in collaboration with Taiwan External Trade Development Council (TAITRA) held “2018 New Taipei City Trade Mission to Indonesia” at the Mandarin Oriental Ballroom 3 Hotel, Jakarta, Monday (7/13).

The delegate of 24 companies, chaired by New Taipei City Deputy Mayor Ye Huiqing, organized one-on-one trade meetings, resulting in the signing of a number of MoU. The event was attended by Taipei Economic and Trade Office Representative (TETO) John C. Chen, Director General of International Industrial Access and Resilience in the Ministry of Industry I Gusti Putu Suryawirawan, Chairman of the New Taipei City Industrial Associ-

standing business relationship with Taipei, so it is hoped that this event will improve this relationship. Indonesia is a ‘container’, so we need contents which can be taken from Taipei. We have high economic growth and we have a lot of smart young people but if there is no industry there is no place to channel the capabilities of these young people.”

Meanwhile, I Gusti Putu Suryawirawan said, “Indonesia provides incentives to indus-

try players from Taipei to operate here. Their commodities are simple but with high creative value. Young Indonesians should learn from it.”

The New Taipei City companies participating in the event are running businesses on bathroom installations, auto parts, electronic products, environmentally friendly energy, automatic door fittings, industrial products, daily necessities, electrical products , grinding wheels and others.

beritagar.id

Adaro Officially Acquires Rio Tinto’s Mine in Australia

PT Adaro Energy Tbk (ADRO) has completed the acquisition of 80% of the Kestrel Coal Mine (Kestrel) shares previously owned by Rio Tinto.

The acquisition was carried out by ADRO in cooperation with AMR Capital Ltd. Adaro Energy previously signed a binding agreement with EMR Capital Ltd (EMR) on March 27, 2018. The agreement was to acquire 80% ownership of Kestrel.

The EMR and Adaro Energy will jointly manage and operate the Kestrel mine. After this transaction is completed, the ownership of Kestrel are Kestrel Coal Resources Pty Ltd

ation (NTCIA) Willie Pai, Honorary Chairman of New Taipei City Computer Association (NTCA) Chi-Yuan Chin, Chairman of Indonesia Taiwan Business Council (ITBC) Elementary School Darmono, Chairman of Indonesian ICT Business Association (Aptiknas) Soegiharto Santoso, and Honorary Chairman of Indonesia Taiwan Chambers of Commerce (ITCC) Chun-Yuang Peng.

In his speech, S.D. Darmono said, “Indonesia has a long-

(80%) and Mitsui Coal Australia (20%).

Kestrel Coal Resources Pty Ltd is a joint venture formed

by Adaro Energy with 48% ownership and EMR with 52% ownership.

“The acquisition of Kestrel is an important part of our strategic expansion for the metallurgical coal portfolio that has begun with Adaro MetCoal,” Adaro Energy’s President Director and CEO Garibaldi Thohir said in a written statement on Wednesday (8/1).

Kestrel itself has metallurgical coal asset with a long resource base, solid infrastructure and highly skilled

workforce.

The mine is located 40 kilometers north of Emerald city in the Bowen Basin coal area in the center of Queensland state. In 2017 Kestrel produced 4.25 metric tons (Mt) of high-quality metallurgical coal and had marketable reserves of 146 Mt and resources of 241 Mt. “The existence of these two world-class metallurgical coal assets under the auspices of Adaro Mining’s pillar will strengthen our position in the metallurgical coal market and support Adaro Energy’s growth in the long term,” Garibaldi said. (DTK/TPP)

Indonesia and Taiwan have been working together in the bilateral cooperation for long, even in developing smart cities. This event is expected to further promote the trade exchanges and collaboration.

In 2017, the total trade between Indonesia and Taiwan reached US$7.4 billion. Indonesia’s total direct investment in Taiwan was US$32.2 billion, while Taiwan’s direct investment in Indonesia was US$397 million. (TPP)

elshinta.com

Jababeka Involved in Development of Tanjung ApiApi SEZ The Special Economic Zone (SEZ) of Tanjung ApiApi will be developed into a new township in South Sumatra.

However, the development of this new township, according to SD Darmono, Chairman and Founder of Jababeka Tbk, will need a lot of helps from other parties. It cannot be done by Jababeka alone because of its limited capabilities.

Building a new township

requires many things such as the infrastructures of road, clean water supply, waste water management, electricity and so on.

Darmono said Jababeka provided experiences and inspiration in developing townships for other Indonesian entrepreneurs.

Some researches show that currently Indonesian youth prefer to live in the urban environment because they cannot live without WiFi, air condition-

ing and the digital world.

That is why Jababeka develops a township or a satellite city on a suburban area.

“As for the South Sumatra, the new township that we will build is in Tanjung Api-Api. But to realize that, it requires cooperation from all parties because we usually build from a scratch,” he said while speaking at the Indonesia Economic Forum at Palembang Aryaduta hotel, on Thursday (8/2).

(TRBN/TPP)

B2 | September, 2018 | Vol. 8 No. 09

en.presidentpost.id

BUSINESS BUSINESSBRIEF Sarinah Breaks MURI Record for Making Asian Games Postcards by Children In commemoration of the national children’s day and encouraging the Indonesian team at the Asian Games, Sarinah collaborated with the children’s magazine, CIA, and BNI held an event to break the MURI (Indonesian World Record Museum) record for making Asian Games postcards by Indonesian children on

Sunday (8/12).

Postcards are made in accordance with the theme of the Asian Games “Energy of Asia”. From these children, more than 20,000 postcards have been collected to provide support to the Indonesian team.

Sarinah’s Retail Director Lies Permana Lestari said, “Sarinah has a special counter for selling Asian Games merchandise. The Indonesian team must rise up like 56 years ago when hosted the first Asian Games in 1962.”

To Overcome Xpander’s Long Waiting List, Mitsubishi Increases Production by 20 Percent Mitsubishi has decided to increase the production of Low MPV (Multi-Purpose Vehicle) Xpander, which is currently being in a high demand among the Indonesian customers. Mitsubishi increased the production of Xpander by 20 percent.

Xpander is manufactured in the modern production facilities in Bekasi, Indonesia, and started its exports in April this year.

“We will continue to strive to deliver this very attractive vehicle as quickly as possible to the consumers,” said CEO of Mitsubishi Motors Osamu Masuko on Thursday (8/9).

Gayatri Takes Independence Moment to Increase Economic Creativity Welcoming the Independence Day of the Republic of Indonesia, Gayatri Foundation took part by carrying out a series of live music, seminar, gimmick and various competitions.

The celebration was held not only limited for the Gayatri members, but also involved the community in every activity. Chairman of the Gayatri Foundation, Samsul Hadi, hoped the event would benefit the community. While the economy is slowing down right now, the event was expected to drive the creativity of the people to improve their economy.

Jababeka’s Little Tokyo Synergizes with AEON Create Japanese Retail Facility in Cikarang PT PP Properti Jababeka Residen collaborates with Aeon Indonesia and this was marked by the signing of a Memorandum of Understanding (MoU) between the two. The cooperation agreement contains the provision of “Japanese Retail Facility” in the Little Tokyo project area, Kota Jababeka, Cikarang.

The signing procession was carried out by the President Director of PT PP Properti Jababeka Residen Haris Amin Singgih and President Director PT Aeon Indonesia Toyofumi Kashi which was held at the President Lounge Menara Batavia, Jakarta, Thursday (8/23).

Little Tokyo is a mixed-use area covering 4,6Ha in Kota Jababeka, Cikarang, the result of a collaboration between PT

PP Properti Tbk and Jababeka Residence. The Japanese retail facility will occupy the area with 25,000 m2.

The location was chosen because Little Tokyo has many supporting facilities such as President University, Mayfair Plaza Indonesia Jababeka, Jababeka Convention Center, Jababeka Golf & Country Club and TOD (Transit Oriented Development) centers.

In his remarks, Haris said, “The presence of Aeon is expected to be able to enliven commercial facilities in the City of Jababeka Cikarang, which has now become an independent city with an area of 5,600 hectares, thus contributing to lifestyle facilities in the Jababeka Residence area.”

Besides apartment, Little To-

Kendal Industrial Estate Offers Food City Concept The Indonesian Chamber of Commerce (Kadin) of Central Java Province held a Business Forum with the theme “Global Competitiveness Trend for Food and Investment: The Next Level for Developing Potential Sector in Central Java” which was held at PO Hotel Semarang, Wednesday (8/15).

The event was opened with a hit the gong ceremony by the Director of PT Kendal Industrial Estate (KIK) Stanley Ang, Head of the Central Java OneStop Integrated Investment Service (DPM-PTSP) Prasetyo Aribowo, and Deputy General Chairman of the Investment Division of Central Java Kadin

This year, companies that have been operating in KIK are including furniture, food, and bicycle companies,” Stanley explained Bernadus Arwin.

In his remarks, Bernadus Arwin stated that Kadin is fully support the investment in Central Java, especially in the food processing industry.

There are several things that are noted by his side. One of them is the industrial growth

kyo’s lifestyle will be surrounded by various other unique features such as the “Jogging Track on the Sky” sports facilities found on the pedestrian path that connects Little Tokyo apartment towers and “Transparent Pool” as recreational and sports swimming facilities.

For open space, here will be built a 4,500 m2 “Japanese Central Garden” as a green area that can provide fresh air and natural nuances as well as equipped with plants and areas for socializing. This will make Japanese Central Garden is the right recreational facility for residents of Little Tokyo’s apartment.

The existence of Aeon and sports facilities in the Little Tokyo superblock can accommodate the lifestyle of millennials and young families.

Before building Little Tokyo, PP Properti and Jababeka in 2016 have collaborated to develop Riverview Residences apartment complex located near Jababeka Industrial Estate.

Demand for high-rise residential in Kota Jababeka is supported by 2.5 million work-

ers and 10,000 expatriates in Cikarang and surrounding areas, plus the market for students from President University which amounts to 7,000 students and many come from outside the Jabodetabek area even from abroad.

In stage I, Little Tokyo will market and develop Shibuya Tower which consists of 25 floors with a total of 525 apartments. There are 3 types of units ranging from 1 bed room with a size of 30 m2 to 2 bed rooms with a size of 55 m2.

All types have city views and are equipped with eco city smart home solutions, so that every room gets sunlight and air circulation effectively.

Shibuya Tower Little Tokyo unit has a price per m2 of Rp. 15 million, marketed at prices starting at Rp. 465 million with DP KPA installment promo starting at Rp. 2.2 million per month. In order to socialize Little Tokyo to investors, Little Tokyo partnered with 7 Master Franchise Property Agents namely Century21, ERA, Ray White, Promex, LJ Hooker, Harcourts and Remax. (TPP)

which is very dependent on alignments or local government policies.

“This is very much a consideration for us. And from this activity, at least we know the products that will be produced in Central Java and to be developed,” he said.

Industry, Arwin continued, will not develop well if there is no support, both from the government and industrial area entrepreneurs. In order to form a healthy business climate, cooperation is needed that is sustainable and mutually beneficial between industry players and the government.

Stanley Ang said that in supporting investment, especially food processing and manufacturing, it offers Food City Concept, where industrial processes are made easier in a single place to reduce costs.

In addition, Sea Port was also developed to facilitate the delivery of exported and imported goods.

“This year, companies that have been operating in KIK are including furniture, food, and bicycle companies,” Stanley explained.

According to him, there are currently 36 investors who will set up factories in KIK. Not only that, other speakers were also present in the business forum, among others are Said Ridwan, Director of Manufacturing Industry Planning, the Investment Coordinating Board (BKPM); Adhi S Lukman Chair of the Indonesian Food and Beverage Entrepreneurs Association (GAPMMI); and Suparjan, Head of Kendal Regency One-Stop Services (DPMPTSP) Investment Service. (TPP)

September, 2018 | Vol. 8 No. 09 | B3

en.presidentpost.id

SINGAPORE INSIGHTS netdna-ssl.com

To Cool the Property Market, ABRD is Set Higher and Tighter Loan Limits Singapore Government announced that they are raising Additional Buyer’s Stamp Duty (ABSD) rates and tightening loan-to-value (LTV) limits on residential property purchases, in an effort to “cool the property market and keep price increases in line with economic fundamentals” on Thursday (8/5).

The move comes several days after official data showed that private home prices had risen to its highest point in four years in the April to June quarter, with analysts predicting that prices could soon recover to 2013 peak levels.

“The government has been monitoring the property market closely. We are very concerned that prices are running ahead of economic fundamentals,” said Mr. Lawrence Wong, Minister for National Development on that day.

“There is a large supply of units coming on stream and interest rates are going up. We want to avoid a severe correction later, which can have more destabilizing consequences. Hence we are acting now to maintain a stable and sustainable property market,” he added.

The ABSD will be raised by 5 percentage points for citizens and permanent residents (PRs) buying second and subsequent homes, and by 10 percentage points for entities, said the finance and national development ministries, as well as the Monetary Authority of Singapore (MAS) in a joint release.

There will be no change in the rates for citizens and PRs purchasing their first residential property.

Rates on or before 5 July 2018

Rates on or after 6 July 2018

SCs buying first residential property

0%

0% (No change)

SCs buying second residential property

7%

12% (Revised)

SCs buying third and subsequent residential property

10%

5% (Revised)

SPRs buying first residential property

5%

5% (No change)

SPRs buying second and subsequent residential property

10%

15% (Revised)

Foreigners buying any residential property

15%

20% (Revised)

Entities buying any residential property

15%

25% (Revised)# Plus additional 5% for developers”’ (Nevv, non- re1nittable)*

An additional ABSD of 5 per cent, which is non-remittable under the Remission Rules, will also be introduced for developers purchasing residential properties for housing development.

Authorities said that for purchases jointly made by two or more parties of different profiles, the highest applicable ABSD rate will apply.

However, full ABSD remission will continue to be provided for joint purchases of the first residential property by married couples with at least one spouse who is a Singapore citizen, they added.

Married couples with at least

one Singapore citizen spouse who jointly purchase a second home together can continue to apply for an ABSD refund, as long as they sell their first home within six months after the date of purchase of the second property, or by the issue date of the Temporary Occupation Permit or Certificate of Statutory Completion of the second property - whichever is earlier.

The new rates are effective Jul 6, but there will be a transitional provision for cases where an Option to Purchase (OTP) has been granted by sellers to potential buyers on or before Jul 5.

Meanwhile, LTV limits will be tightened by 5 percentage points for all housing loans granted by financial institutions, the release stated. The revised limits will not apply to loans granted by the Housing & Development Board.

Before the change, individual borrowers were able to borrow up to 80 per cent or 60 per cent if the loan tenure is more than 30 years or extends past age 65. With the adjustment, borrowers will now only be able to borrow 75 per cent or 55 per cent if the loan tenure is more than 30 years or extends past age 65.

The new limits will apply to loans for properties where the Option to Purchase is granted on or after Jul 6.

Authorities said that in line with this, LTV limits for mortgage equity withdrawal loans will also be tightened - 75 per cent for a borrower with no outstanding housing loan for the purchase of another residential property and 45 per cent for a borrower with an outstanding housing loan for the purchase of another residential property.

Following the implementation of ABSD, foreigners are making a comeback in Singapore’s residential property market after pulling back from it in 2012.

Based on the number of caveats lodged, statistics by the Urban Redevelopment Authority (URA) show that purchases by foreigners increased by 48% to 794 units in 1H2017 compared to 535 units

in 1H2016, while those by permanent residents (PRs) rose by 32% to 1,876 units in 1H2017 from 1,416 units in 1H2016.

To provide a comparison, private property purchases made

by Singaporeans rose by 69% to 8,950 units in 1H2017 from 5,297 units in 1H2016.

In this article, we will look at the top foreign nationalities who have been snapping up private residential properties in Singapore, as well as where they are buying in 2017, based on URA statistics.

Properties within the core central region have always been favoured by Indonesian investors, the third largest group of foreign property investors in Singapore.

This is consistent with their buying patterns in 2017.

Properties in districts 9 (Orchard, Cairnhill River Valley), 10 (Ardmore, Bukit Timah, Holland Road) and 19 (Serangoon Garden, Hougang, Punggol) were most sought-after by Indonesian investors this year.

There is notable demand for high-end properties among Indonesian buyers, with 11% buying properties between $3 million and $5 million, and with 10% buying properties above $5 million.

Collectively, the majority of Indonesian buyers invested most in properties between $500,000 and $1 million in 2017. This is followed closely by properties ranging between $1 million and $1.5 million. (TPP)

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ENERGY sapling-inc.com

Building Renewable Energy Power Plants in Indonesia, Denmark Spends Rp189 Billion viralnesia.org

POWERMAX 2018 the Leading of the Indonesia Primary Energy Summit Exhibition and Conference 2018 Continuing the successful story of POWERMAX 2017, the 2nd edition of POWERMAX 2017 coming up to be the international platform to present the prospect of power-energy outlook and the latest project, providing market and industrial player, showcase the update new development techno-logy and information to spur the industry sector globally. POWERMAX 2018 is pointed to take the leading and connecting industry in the sector energy and Po­Presiden Undang Wali Kota se-Indonesia Untuk Dengar Permasalahan di Daerah Presiden Undang Wali Kota se-Indonesia Untuk Dengar Permasalahan di Daerah wer Plant covering from upstream, mid and downstream. The 2nd edition of POWERMAX 2018 is provide new look incorporating with The Indonesia

Primary Energy Summit 2018 for Conference Program (IPE 2018) will held by top key note speakers to industrial outlook update for Power Plant and Renewable energy sector, POWERMAX 2018 perform new concept featuring Renewable Energy, oil & Gas and Mining. POWERMAX 2018 is coorganized by Prakarsa Jaringan Cerdas Indonesia (PJCI), hosted by National Energy Council (DEN) for Conference Program and also supported by Ministry of Energy and Mineral Resources of Indonesia. The event will be held in Jakarta International Expo (JIEXPO), Kemayoran on 28-30 November 2018 Hall D1. JIEXPO Kemayoran Chosen as the venues consider of the strategic, easy accessible to the vital spot in Jakarta ad also its perfect place for MICE Industry.

POWERMAX event is dedicated to answering the challenge and opportunity of Power Plant and Manufacturing-Automation industry and its prospective in Indonesia 2018 ahead. POWERMAX event held to encourage the Indonesia Government program to actualize electricity supply to reach capacity 35000 MW and supply the energy national throughout blue print National Energy supply Agency (Badan Pengelola Energi Nasional 20152025). Keeping eye on develop market to accelerate national economic growth by inviting the investor through POWERMAX event. For more information on POWERMAX 2018 event kindly visit out website www.myexpo. co.id or contact us at Telp: +621 224573130 / 22457802. Email: info@myexpo.co.id

Denmark helps Indonesia build infrastructure for renewable energy. The move was carried out under the cooperation scheme of Environmental Support Program Phase 3 (ESP3) between the Directorate General of Renewable Energy and Energy Conservation (DJ-EBTKE) of the Ministry of Energy and Mineral Resources and the Danish Energy Agency (DEA).

Head of Central Java Province Regional Development Planning Agency (Bappeda) Jarwanto said four pilot projects have been developed in Central Java. They are a methane gas power plant in Semarang, a solar power plant in Karimunjawa, refuse derived-fuel (RDF) processing facility in Cilacap, and the processing of palm flour

SOLAR&ENERGY

STORAGE INDONESIA

waste into energy in Klaten.

“There is a Solar Power Plant (PLTS) in Karimunjawa. Previously it used diesel fuel. A landfill in Semarang is producing methane gas. In Klaten, we process the waste from extracting palm starch to produce energy gas and in Cilacap we make a landfill to press the waste into briquettes,” he said at his office, Semarang, Central Java, on Monday (8/6).

Jarwanto also said he hopes the projects would help the government and the community in developing an independent electricity system.

“The four projects are very inspiring to not cause problems to the environment, only benefits instead. We are so proud of this collaboration,” he added.

Based on the ESP3 data, the projects are valued at Rp189 billion. The project in Semarang

has an investment value of Rp71 billion, in Karimunjawa is valued at Rp16 billion, in Cilacap at Rp86 billion, and in Klaten at Rp16 billion.

However, the fund would not entirely come from Denmark through the Danish Embassy. Some will come from both the central and regional governments.

Senior Program Officer of Danish Embassy in Indonesia Emil Salim said Denmark will be funding different sectors for each project. For example, for the project in Cilacap it will finance the machinery and solar panels for Karimunjawa project.

“In Klaten the Danish fund is for the installation waste processing facility to produce gas.

We also spend some fund for conducting related studies before the projects are tendered,” he concluded. (DTK/TPP)

September, 2018 | Vol. 8 No. 09 | B5

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LIFESTYLE Midtown Residence Simatupang freepik.com

Situated in the Premium Area, MidTown is Ready to Pamper Families MidTown Residence Simatupang is situated in a premium area in the capital city of Jakarta, becoming an oasis for travelers, especially those who are with families. Present with various advantages, MidTown Residence Simatupang offers the family travelers super facilities. Either in terms of spacious rooms, excellent services, to plus-plus facilities that are intended for families who want to stay at a four-star class hotel.

Located in South Jakarta, MidTown Residence Simatupang is quite easy to reach.

The reason is that the location of MidTown in the area that brought a new spirit to the TB Simatupang, regarding the presence of hospitality facility with complete amenities, especially those destined for the residency. Various advantages offered by MigTown Residence Simatupang which certainly are not owned by hotels in the area, especially in Jakarta, whose such a facility can be counted with fingers.

General Manager at Midtown Residence Simatupang Herman Larante says that MidTown Residence Simatupang is extraordinary, by being in a premium area with superiority and facilities. With the size of its rooms at 70 square meters at the least, MidTown is hard to beat in term of the room size.

“We also offer the other advantages such as outdoor facilities of swimming pool and tennis court. This is our other plus point compared to the most hotels which tend fully cover the

land with building, our property has an open area. In the last three months MidTown Residence recorded a good occupancy rate. Our occupancy rate in the last three months is already above 90%, or almost full on the average,” Herman said, while chatting casually at the Townhall Restaurant, MidTown Residence.

Training, Important Thing to Create Qualified Staff Once the guests set foot in MidTown, various services will be presented. Don’t be surprised if you enter the MidTown gate for the first time as there will be a strict inspection. This is evidence that MidTown wants to provide excellent services, this time in the field of security, to all guests staying at the MidTown Residence Simatupang.

“We have staff who are quite reliable and good in delivering the services, their cleanliness, and friendly attitude. We organize the mandatory training for all staff to provide a high standard because the MidTown residence is carrying the MidTown Group brand for four stars class,” adds Herman.

Herman further says that the employees of MidTown Residence Simatupang are well organized. Structurally, all levels of the employees have been improved through an intensive training which is currently an important thing to do in MidTown. “Every week we hold a training such as customer services, complaint handling, product knowledge, team work,

which is done in united packages. That’s what makes the staff become excited, because they work not only to make money, but they also seek knowledge, branding, for upscaling their own skills,” said Herman.

Becoming Destination of Family Hotel With such capable and promising facilities and amenities, surely MidTown Residence Simatupang has a target market.

MidTown Residence Simatupang intends to become a hotel destination with the target market of families. “This target fits our large rooms and facilities for families, like the play-

Every week we hold a training such as customer services, complaint handling, product knowledge, team work, which is done in united packages.”

ground. We will also package the swimming pool with shopping centers, tourist attractions and others. In the future we will

make it exclusive for our main market, which is families,” Herman says.

He adds the competitors are not an opponent who must be knocked down. According to him, the competitors are not an obstacle for MidTown Residence Simatupang to keep its occupancy high. “We even love them, more competitors are not an obstacle to keep our occupancy at high rate. The more (the competitors), we have more opportunities to learn their weaknesses and strengths, then we can take it as a lesson, because we already have the clear advantages. Large rooms have become a good selling point for us,” Her-

man says in confidence.

MidTown Residence Simatupang offers large rooms consisting of 70m² Fabulous 1 Bedroom, 140m² Marvelous 2 Bedroom and Marvelous Family Room 3 with 180m² Bedroom. Besides, MidTown Residence Simatupang, which is 2.3 KM from the Ragunan Zoo, 8 KM from Halim Perdanakusuma Airport, and close to Citos shopping center, is the right choice as a destination of family hotel. The facilities of a swimming pool, a fitness center, and a restaurant with a wide selection of menu, add to the attractiveness of MidTown Residence Simatupang to the guests. (TPP)

GM of Midtown Residence Simatupang Herman Larante

D’Khayangan Uses Fair Fun 3G Concept To Create Quality in Family Relationships Senior Living D’Khayangan carries the concept of Three Generations (3G) to provide a forum and create quality family relationships in a game that involves all components of the family. A total of 12 games resulting from an observation and innovation, held in the framework of the moment of togetherness that continues to be carried out by D’Khayangan, to provide happiness in the family, especially for the elderly (Senior) to continue to hone their skills on his senescent day.

Living D’Khayangan Senior President Director Marlin Marpaung revealed that speaking about seniors, it should not be separated from the names of three generations, namely his grandfather (senior), his son and grandchildren. This is the philosophy of 3G trying to knit their relationship to an event called 3G Fun Fair.

“We present 3G Fun Fair today in order to create quality relationships in the midst of the family. Where, we facilitate grandparents, children, grandchildren to appear together in a game that makes joy, makes healthy for generations, “said Marlin, in the midst of organizing 3G Fun Fair, at Senior Living D’Khayangan Jababeka, Cikarang, West Java (8/25).

Marlin further explained that the 3G Fun Fair activity, which was held for the first time in D’Khayangan, became one of the moments that will become a concern for D’Khayangan’s activities and will continue to grow.

“If they don’t have time to play together, the 3G program today is one of the momentum that we continue to develop in the future to knit the quality of relationships between the three generations,” he said.

Photo by President Post (TPP)

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EVENT

When HR Directors Out of The Habit

S.D. Darmono Suggests to Accelerate Development with Shopping Mall Management Concept Founder and Chairman of PT Jababeka Tbk. SD Darmono suggested that the acceleration of development should be done with the concept of managing shopping malls. He said that during a discussion about his book titled “Building A Ship While Sailing” at Cozyfield Gramedia, Pondok Indah Mall, on Saturday (7/4).

Since the book launched last year, a number of discussions were held in Jakarta and other cities, either in campuses, ministry offices or public places to reach more readers.

Darmono said, he wrote the book to open the people’s eyes about Indonesia’s huge poten-

tials.

“Indonesia has a lot of islands with scarce population.

With the government budget constraints, who will build the islands; the infrastructure, education, and industry? It’s okay to take foreign investors who bring in the funds, technology and market,” he said.

According to him there are many investors who are willing to develop the small islands, but for security reasons the government forbid it. As a result, the developments are concentrated on Java, in fact Indonesia has 17,000 islands.

“Why don’t we let the big companies to make use the

Scott Younger

empty and abandoned islands.

Just set the rules to prevent them from colonizing or other security worries,” Darmono said.

“What are we afraid of? We are a sovereign big country with strong military and regulations. We must help other Indonesian citizens in the less advantage regions, like Morotai Island which is 2,500 kilometers from Jakarta,” he added.

The island, according to Darmono, can be built like Singapore. “Let Taiwan or Ja-

Komarudin Hidayat

pan to manage it, but the ownership is still Indonesia’s. It’s like the concept of managing a shopping mall. Many shopping malls are managed by foreigners, but the lands are still Indonesia’s. They can’t take away the lands out of Indonesia, but they pay taxes and create jobs.”

Regarding the book title of “Building A Ship While Sailing” Darmono said it’s like Indonesia which must continue to build with any cooperation and resources available. Photo by President Post. (TPP)

Something is different at the Main Atrium of Lotte Shopping Avenue, Jakarta. Members of the Human Resources Directors Indonesia (HRDI) appeared in fashionable batik outfits which could inspire people in promoting the Indonesia’s pride of product as batik has been recognized worldwide.

Human resources directors usually wear the professional suits during their working hours. But not this time. They paraded 32 collections of batik created by national designer Novita Yunus in a fashion show and they showcased the batik like professional models.

Founder of HRDI Reza Widyaprastha told the presidentpost.id that the fashion show was held in order to foster the love for Indonesian products, including batik.

“We present these batik collections as a form of welcoming the commemoration of Indonesian independence,” said Reza during the event in Jakarta on Thursday (8/2).

According to him, HRDI regularly holds a forum to discuss and share experiences related to the human resources development for the HR directors from various companies. This time the forum was organized differently, out of the habit.

“During this time, we always have a meeting in every 2 - 3 months and it usually is filled with presentations, sharing and so on. This time we want to get out of the habit, by showing the other side. So, we present the fashion show,” he added.

On the same occasion, Program Director of HR Directors Indonesia, Rizka Moeslichan, said that the event was a way of HRDI in promoting work-life balance as an important part of professional life. Because basically every individual has a talent that can be developed and channeled elsewhere.

“We must be a role model in work-life balance for the professional workers in Indonesia,” he said.

HRDI is an informal forum that was formed from the communications, sharing, and networking of human resources directors from various companies in Indonesia. The communications were initially were done through a Whatsapp group. In its development, HRDI was founded and then it regularly holds a gathering in every 2-3 months as a means for its 135 members to communicating, sharing, and networking. Photo by President Post. (TPP)

en.presidentpost.id

GIIAS 2018 A spectacular exhibition for automotive lovers which took place at ICE, BSD, Tangerang and it is the largest automotive exhibition in Indonesia and one of the largest in Southeast Asia. At least thre were 37 famous automotive brands took part in this exhibition.

The most interesting thing in this exhibition is the presence of beautiful girls who accompany each vehicle in the exhibition. Photo by President Post. (TPP)

Welcoming 2018 Asian Games, DKI Jakarta Governor Opened Asian Textile Exhibiton at The Textile Museum In welcoming the 2018 Asian Games, DKI Jakarta Governor, Anies Baswedan opened the Asian Textiles Exhibition at the Textile Museum, Tanah Abang, Central Jakarta, Thursday (9/8).

The exhibition with the theme “Share Roots, Celebreting Asia’s Textile Traditions Divers Growth” was also attended by the Sri Lankan Youth and Sports Minister, Deputy Ambassador Kazastan, Acting Head of the Jakarta Tourism & Culture Office, Indonesian Ministry of Education and Culture Representative, Head of the Art Museum UP, representatives of Wastra Indonesia and Toraja Melo and Chairperson of the Jakarta PKK TP. In his speech Anies said, he welcomed the activities

to welcome the XVIII Asian Games. “I appreciate craftsmen, collectors and textile lovers from Indonesia, especially, also from Asia,” he said as quoted from beritajakarta.

Anies also mentioned that the displayed clothes were not just showing creativity in the past, but could also inspire new breakthroughs related to textiles. “This exhibition is a part of cultural expression that is always developing,” he explained.

Meanwhile, Chairman of the Indonesian Wastra Association, Bhimanto Suwastoyo said, fabrics in Indonesia and other countries in Asia are very rich in variety. “There are many things we can learn from the culture and development of fabrics in each region,” he said.

(TPP)

September, 2018 | Vol. 8 No. 09 | B7

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PICTORIAL EVENT

The Opening Ceremony of 2018 Asian Games, Sparkled with Lights and Stars The Opening Ceremony of the 2018 Asian Games was held on Saturday (8/18) and it was lively and spectacular. The opening ceremony of the 2018 Asian Games was started at 7:00 p.m. to 9:30 p.m.

The leaders of Asian countries to fill the program consisting of artists from the country also enlivened this 4-yearly party. Starting from Indonesian President Joko Widodo, Chair of the 2018 Indonesia Asian Games Organizing Committee

(Inasgoc), Erick Thohir, Menpora Imam Nahrawi, Chair of the Olympic Council of Asia (OCA) Sheikh Ahmad Al-Fahad Al-Sabah.

Indonesia’s first Olympic gold medalist in the Olympics, Susy Susanti, became the flame of the 2018 Asian Games. The flames of the Asian Games were accompanied by a beautiful explosion of fireworks prepared around the stadium.

Opening Photo by Denny Herliyanso Photo by Muljadi Suganda. (TPP)

Marcus in Action

Fujinami (Japan) vs Abdurakhmonov (Uzbek)- Wrestling Men’s Freestyle 74 kg Semifinals

China - Gold Medal in Women’s Team Artistics Gymnastics

Ikee Rikako (Japan, above) 1st place and Zhu Menghui (China, below) 2nd place Final Women Swimming 100 m Freestyle

Alvaro Manayang (Indonesia) - Eventing Team Cross-Country

Hockey : Korea vs Thailand

Basketball : Indonesia (69) vs India (66)

fencing Jung Jinsun (korea) - 12 vs Alexanin Dmitriy (Kazakhstan)

B8 | September, 2018 | Vol. 8 No. 08

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SPORTS South Korean National Team Supporters Dominated by Expatriates from Cikarang

The majority of South Korean U-23 soccer team supporters at the XVIII / 2018 Asian Games are expatriates who work in Jakarta and Bekasi.

South Korea’s Liaison Officer (LO) U-23 national team, Gabrielle Sarasvati, confirmed that while on duty at the Bekasi City’s Chandrabaga Stadium Patriot during football quarter-final match of the 2018 Asian Games between South Korea against Uzbekistan Monday afternoon (8/27).

“Most of today’s match supporters are South Korean who works in Jakarta and the Cikarang industrial area, Bekasi Regency,” she said.

According to her, the expatriates are South Korean citizens who live in Indonesia because of a state or professional duty.

All the supporters always come to every South Korean match, including during the preliminary round of Group E against Bahrain, Malaysia, Kyrgyzstan at Si Jalak Harupat Stadium in Bandung, West Java since 10-20 August 2018.

In addition, they were also present to provide support to Ui ji Hwang and teammates

while appearing in the last 16 against Iran at Wibawa Mukti Stadium, Cikarang, Bekasi Regency, West Java.

When the South Korean againts Iran game on August 23, South Korea supporters dominate the audience stands which were then occupied by around 2,700 spectators.

Although the number of South Korean supporters in their match agints Uzbekistan was not as much as in Cikarang, but their numbers still dominate the opponent’s supporters.

One of the South Korean supporter, Mrs. Joo Hyun (48), admitted that she did not want to miss the performance of her national team during the Asian Games this time.

“Coincidentally, my son also joined the South Korean junior national team. My son came to Jakarta with the Asian Games national team, so this is the right time for me to meet him and watch our favorite national team,” he said.

The Seoul City resident also claimed that he had lived in the Cikarang area for the past year, Bekasi Regency occupied his official residence.

“I work in one of the famous convection companies in

antarafoto.com

kemenpora.go.id

Actually South Korea and Indonesia are not much different. Both have progress in the economic sector. Even seven years ago, my family company also employed employees from Indonesia.”

Indonesia’s Success in 2018 Asian Games Becomes Good Assets for 2020 Tokyo Olympics

Bekasi (Cikarang). I have not been home for almost a year and met my son,” he said.

According to him, meeting with fellow citizens at the Asian Games match was an extraordinary experience to release homesickness.

“Actually South Korea and Indonesia are not much different. Both have progress in the economic sector. Even seven years ago, my family company also employed employees from Indonesia,” he said.

Jo hopes that the South Korean national team can continue to win, not only in men’s soccer matches, but also in other Asian Games.

“Of course I pray for the best for my country,” he said.

(TPP)

The success of several Indonesian sports teams in the 2018 Asian Games is a valuable asset to face the Tokyo 2020 Olympics worthy of reckoning for medals.

Towards the Tokyo 2020 Olympics is still two years away, but some of the achievements of young Indonesian athletes should be projected. From Karate sports, for example, Rifki Ardiansyah, who is only 20 years old, has tremendous potential. In the final match, Rif ki managed to defeat his opponent, an Iranian karate athlete who is also a world champion and gold winner at the 2014 Asian Games, Amir Mahdi Zadeh. Rif ki defeats Amir with a score of 9-7 in

the final round.

Besides Karate, promising sports also come from Rock Climbing. Some rock climbing athletes like Aries Susanti Rahayu have the potential to be prepared carefully for the 2020 Olympics. Aries Susanti’s report card at the 2018 Asian Games itself managed to contribute two gold medals through the singles and women’s teams.

Even the woman nicknamed the Indonesian ‘Spiderwomen’ won a gold medal in the Rock Climbing World Cup series in Chongqing, China. Aries said the strength of the Indonesian team was on par with teams from other countries in the Rock Climbing World Cup series in Russia and China.

“For competition in the Asian Games, we got tough

competition from China, Iran and Kazakhstan. But for the world championship, there are Russian, French and other teams, “said Aries. The Indonesian rock climbing team won a total of 1 gold medal, 3 silver medals, and 3 bronze medals in three 2018 Rock Climbing World series in Russia and China.

Minister of Youth and Sports himself feels happy and proud of the Olympic sport which competed at this year’s Asian Games to achieve success. “Some Olympic sports competed at this Asian Games show promising achievements for the Tokyo 2020 Olympic capital later.

“Like Karate, Rock Climbing and others can be a mainstay for us to face the Olympics later,” said minister. (TPP)