The President Post English Edition May 2018

Page 1

IDR 10,000

Facebook: The President Post Twitter: @President_Post www.presidentpost.com

May, 2018 | Vol. 8 No. 05

INTERNATIONAL

INFRASTRUCTURE

TOURISM

Taiwan’s National Health Insurance: A Model for Universal Health Coverage

Land Acquisition for Serang-Panimbang Toll Road Completed in June 2018

Wearing Balinese Traditional Clothes, Miss Universe 2015 Alumni Welcomed by Karangasem Warmth Page A7

Page A5

Page A4

kompas.com

Why Investors Choose Central Java to Invest During the year 2017 the investment value in the province of Central Java increased significantly due to various factors. One of the factors is that a number of people of Central Java origin who had moved to other regions in Indonesia and succeeded there then decided to invest in their homeland. Their investments have been contributing to the economic growth and the locally generated revenue (PAD), like being stated by Head of the Investment and One Stop Service Office (DPMPTSP) Central Java Prasetyo Aribowo, SH, M.Soc, SC. “There is a significant increase in the investment from 2011 to 2017, which can be seen from the data and diagrams at the DPMPTSP Central Java province,” said Prasetyo. Besides the contribution of origin people, the policy on the ease of doing businesses has also attracted many foreign investors to choose Central Java to invest. The other supporting factors are the abundant availability of labors with the minimum wage still relatively low, while the price of land is also cheaper compared with the other provinces in Indonesia. The Central Java province is also known as conducive for investment and secure. “Those are what make the investment value in Central Java keep increasing from year to year,” added Prasetyo. The realization of Foreign Direct Investment (FDI) increased more than double from Rp14.11 trillion in 2016 to Rp31.67 trillion in 2017. The Domestic Investment (PMDN) unfortunately decreased from by Rp24.07 trillion 2016 to Rp19.87 trillion in 2017. The dominated country of origin of the foreign investment in Central Java in 2017 is Japan with an investment of US$1.123.90 million for financing 77 projects. South Korea is in the second rank with US$546.77 million investment for 208 projects, followed by India with US$244.18 million for 30 projects, Singapore with US$179.83 million for 127 projects, and British Virgin Islands with US$77.28 million for 66 projects. The next is Hongkong with US$68.25 million for 66 projects, Malaysia with US$36.27 million for 13 projects, Germany with US$20.84 million for 16 projects, United States with US$19.11 million for 33 projects, and Taiwan with US$18.98 million for 30 pro­jects. (IND/TPP)

Quote Of The Month

“We want the people of Indonesia to feel the fruit of development and proud to be citizens of the Republic of Indonesia” President Joko Widodo

Jokowi’s 30 Strategic Projects Worth Rp94.8 Trillion Completed President Joko Widodo (Jokowi) has completed 30 national strategic projects (PSN) worth Rp94.8 trillion for 2016-2017 period. The data was revealed by the Committee for Priority Infrastructure Provision Acceleration (KPPIP) on Tuesday (4/17). 20 Projects completed in 2016 worth Rp33.3 trillion are: 1. 14km toll road of Gempol – Pandaan, East Java (Rp1.47 trillion) 2. Sentani Airport, Jayapura, Papua (Rp1.47 trillion) 3. Juwata Airport, Tarakan, North Kalimantan (Rp1.39 trillion) 4. Bandara Fatmawati Soekarno, Bengkulu (Rp1.67 trillion) 5. Mutiara Airport, Palu (Rp1.39 trillion) 6. Matahora Airport, Wakatobi, Southeast Sulawesi (Rp662 billion) 7. Labuan Bajo Airport, Komodo Island, NTT (Rp662 bil-

lion) 8. Soekarno Hatta Airport Expansion (Including Terminal 3), Banten (Rp4.7 trillion) 9. Kalibaru Port, DKI Jakarta (Rp12.0 trillion) 10. Belawan-Sei Mengkei gas pipeline with capacity of 75 mmscfd, North Sumatra (Rp1.21 trillion) 11. PLBN & SP Entikong, Sanggau, West Kalimantan (Rp152 billion) 12. PLBN & SP Mota’ain, Belu, NTT (Rp82 billion) 13. PLBN & SP Motamassin, Malacca, NTT (Rp128 billion) 14. PLBN & SP Skouw, Jayapura, Papua (Rp166 billion) 15. Seunara Paya Dam, Sabang,

Aceh (Rp57 billion) 16. Rajui Dam, Kab. Pidie, Aceh (Rp138 billion) 17. Jatigede Dam, Sumedang, West Java (Rp4.82 trillion) 18. Bajulmati Dam, Banyuwangi, East Java (Rp454 billion) 19. Nipah, Madura, East Java (Rp213 billion) 20. Titab Dam, Buleleng, Bali (Rp496 billion) 10 projects completed in 2017 worth Rp61.5 trillion are 1. 11Km toll road of Soreang – Pasirkoja, West Java (Rp1.51 trillion) 2. 36.3Km toll road of Mojokerto - Surabaya, East Java (Rp4.98 trillion)

3. 16.7Km Tanjung Priok Access Road, DKI Jakarta (Rp6.27 trillion) 4. Raden Inten II Airport, Lampung (Rp1.47 trillion) 5. Development of Jangkrik and Jangkrik North East Fields in Muara Bakau Work Block, East Kalimantan (Rp45.5 trillion) 6. State Border Post (PLBN) & Supporting Facilities construction in Nanga Badau, Kapuas Hulu, West Kalimantan (Rp154 billion) 7. State Border Post (PLBN) & Supporting Facilities construction in Aruba, Sambas Regency, West Kalimantan (Rp131 billion)

8. State Border Post (PLBN) & Supporting Facilities cons­ truction in Wini, Central North East Timor, NTT (Rp130 billion) 9. Teritip Dam, East Kalimantan (Rp262 billion) 10. Umpu Irrigation System in Way Besai, Lampung (Rp1.078 trillion). In early 2018, the government through KPPIP re-evaluated the national strategic projects. The result was 14 projects were dropped from the list, while 1 project and 1 program were added, bringing to the total projects to 222 plus 3 programs worth Rp4.100 trillion. (DTK/TPP)

IMF Boss: We See Indonesia Much Better Now The world economy is in a state of recovery with a po­ sitive outlook, although it still has some risks that remain to be wary of. One of the risks is related to the potential tightening economy due to record breaking of the highest global debt. So, what about the economic condition in Indonesia? Managing Director of International Monetary Fund (IMF), Christine Lagarde said that Indonesia has a bright prospect related to the potential for its economy to grow in the future. “We see Indonesia as a much better country now,” she said at the launch of Global Policy Agenda 2018, at the

flickr.com

Managing Director of International Monetary Fund (IMF), Christine Lagarde

IMF headquarters, Washington DC, on Thursday (4/19). The indicator, according to

her, is the relatively high economic growth in Indonesia compared to the average of

world economic growth which is in the recovery process. “Indonesia still grows above 5%, quite high and above the average world economic growth,” she said. Moreover, the current government is very consistent in carrying out the economic policy reforms marked by cutting the energy subsidies that had been considered to burden the state finances, Lagarde said. “I am impressed by the determination of President Jokowi to remove many of the fuel subsidies and shift the fund to infrastructure and public health,” she added. “Indonesian people now can enjoy the healthcare ser-

vices with only using a plastic card, which is a smart cart (BPJS card). As you know, I visited with President Jokowi one of the hospitals when I came to Indonesia some time ago and learned more than a third of the population is benefitting from access to free healthcare,” Lagarde said. Another point that makes IMF optimistic on the Indonesia’s economy outlook is the government’s efforts in simplifying the investment licensing by utilizing the digital system. “We also appreciate the digitalization of almost every aspect of licensing that makes it more transparent,” Lagarde said. (DTK/TPP)


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.