Riffrag Business & Finance Report

Trade Minister (The Minister) Mari Elka Pangestu, targeting, creative economic growth will reach eight percent from last year to Rp163 trillion.

According to him, a model of cooperation in the development of Indonesian Forum for the Creative is in Soekarno Hatta Airport Terminal 2, is an opportunity for Indonesia to achieve Indonesia’s counter-quality imaging products.

“It’s the first time a model of cooperation like this because it is a Public Private Partnership (PPP), we expect the airport is a major gateway to the outside world, this is one trip, if successful, we hope will be expanded, at least planning a new terminal,” said Mari in Jakarta, Monday (21/06/2010).

In some other countries, he added, the airport used as a promotional vehicle for a broad. “Our cooperation is not berhentii got here, and our hope is that many things we can kerjasamakan between government, SOEs, private companies,” he added.

Head of the National Export Development (NAFED) Hesti Beautiful Kresnarini said Indonesian Forum for the Creative is founded on a land area of 92 square meters.

At this time, he continued, there are approximately 50 SMEs that participated in these probes, which is the choice of SMEs that had escaped from the qualification process. This facility, he said, professionally managed by PT Indonesian Square Creative.

“We expect no land expansion of this ride, so we expect support from the Minister for SOEs and Angkasa Pura also BNI,” said Hesti.

Hesti explains, Indonesian Forum for the Creative is already effectively operating on 30 April 2010. “Every day is visited on average 100 people, with a range of turnover Rp7 million-Rp10 million. Obviously this is encouraging, “he said.

Alun Alun Indonesia Director of Creative Catharina Widjaja said in once a week, it is always updating products in Indonesian Forum is Creative.

“This is mostly tourist items and snacks, and we are as a manager who gives the idea that more selling in the airport. We update the product every week, because of traffic 100 visitors a day and my wants filled products continues, “said Catharina.

Catharina added, the price range of products sold varied, ie starting from Rp5.000, and more than 200 kinds of fruit

JAKARTA – The government believes that three Indonesian airline PT Lion Mentari Airlines (Lion Air), PT Indonesia AirAsia, and PT Metro Batavia (Batavia Air) will get permission to conduct flights to Europe this year.

Minister of Communications (Minister) Freddy Numberi explained, the three airlines would be able to conduct flights to Europe, given the previous Garuda Indonesia has received permission to do the same and had its inaugural flight to Europe, specifically Amsterdam, Netherlands on June 1st, 2010 ago.

At this time, he continued, lifting the ban for three airlines flying is still in the process of assessment. In fact, he said, some time ago, a team from the Aviation Safety Commission of the European Union (EU) came to Indonesia to discuss lifting the ban.

“There are several requirements that must be met, but we believe they can get permission,” Freddy said in Jakarta on Monday (6/21/2010).

As is known, the government has revised the proposed repeal of national prohibition airlines flying to the EU into three airlines from the 23 airlines that have completed the recertification of the flight operator (air carrier certificate / AOC).

Ministry of Transportation Directorate General of Civil Aviation (Kemenhub) Herry Bakti S Gumay revealed, the revised proposal was referred to our commitment to fulfilling the requirements of the International Civil Aviation Organization or the International Civil Aviation Organization (ICAO), particularly Annex 6 of the operational flight.

“We’ve communicated, the EU does not want if there are not in accordance with Annex 6 of the operational flight,” he explained.

According to him, the proposed repeal ban on airlines that fly to all three will be delivered in a teleconference conducted by it and the EU Commission on Aviation Safety at the end of this month.

In a teleconference, said Herry, the EU will re-evaluate the four Indonesian airlines that have been removed from the list of flight ban to Europe in the middle of last year, PT Garuda Indonesia, PT Mandala Airlines, PT Airfast Indonesia, and PT Express Transportation An-tarbenua (Premiair ).

“We evaluate it, we will propose three more airlines to be revoked from the list of EU flight ban,” he said.

Initially, he continued, Indonesia proposed four airlines to the EU with an additional PT Travira Water, but, according to Herry, the possibility of airline flights are removed from the list of proposals for a number of aircraft not fully meet the requirements of Annex 6.

Herry explain, operational requirements for airlines that have not been met Indonesian airlines, among others, is a sensor antitabrakan between aircraft or traffic alert and collision avoidance system (T-CAS), bulletproof cockpit doors (reinforce flight deck door), detector mountains and plateaus, such as the Enhanced Ground Proximity Warning System (EGPWS) and Terrain Awareness and Warning System (TAWS)

JAKARTA – The government’s policy of China which decided to conduct the flexibility of its currency, the Yuan, will affect the value of imports of goods to Indonesia. Where a capital inflow will still continue.

“Obviously with the existing policy, capital inflow will still continue. It would not have significant influence on the map of foreign capital inflows,” said Director of Economic Research and Monetary Policy Bank Indonesia BI Perry Warjiyo in Building, Jakarta, Monday (21 / 6 / 2010).

Previously, the Government of China issued a policy flexibility for yuan after it was pegged against the U.S. dollar. Perry also said the policy will not affect the flow of Indonesian export goods to China. The reason for this Indonesian export more raw materials.

Nevertheless, he continued, Yuan flexibility will affect the activities of China’s imports of goods.

He said that prices of goods entering China will be more expensive than ever. Looking ahead, exports to China will still continue. “If for imports, China’s goods more expensive to make,” he concluded

- The realization of the People’s Business Credit (KUR), which is distributed by PT Bank Negara Indonesia Tbk (BBNI) reached Rp1, 7 trillion over the first half of 2010, the government budget allocated KUR for BNI Rp3T counted.

“What has been identified amounting to Rp2, 5 trillion. How to do it is to work closely with industry so small that coaching is more efficient,” said Minister of State Owned Enterprises (SOEs) Mustafa Abubakar said here on Monday (6/21/2010),.

According to him, the President has mandated, this year must be disbursed KUR Rp20 trillion. Besides through BNI, he added, KUR also channeled through Bank Mandiri Rp3 trillion, trillion Rp8 BRI, BTN Rp750 billion and Rp750 billion Bukopin.

“The rest of Rp4, 5 trillion again, channeled through rural banks and local development banks in all regions throughout Indonesia,” he said.

Mustafa optimistic, KUR distribution amounting to Rp20 trillion will be absorbed optimally. Meanwhile, Vice President Director of BNI Felia Salim says it has managed to channel the KUR at Rp80 billion for the creative industry in Indonesia.

“That’s the fifth largest creative industry sub-sectors, namely handicrafts, fashion, IT and appliances, photography and design.’s Already disbursed over two years,” said Felia.

According Felia, BNI to support the creative industries that are initially non-bankable industry and become bankable. “If the first non-bankable, we studied the flow capacity development. BNI will provide the right target, “he said

JAKARTA – The government opened the door for PT Pertamina (Persero) to find the loan amounting to USD1, 5 billion from international financial institutions. Because, Pertamina has not determined will request the loan to which side.

“We have already approved several loans to foreign countries to SOEs. One of them Pertamina for USD1, 5 billion,” said Mustafa Abubakar, Minister of State in the Office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (06/21/2010).

Although already approved, but until recently Pertamina has not determined which side will be asked for a loan, but his plans remain to be realized in this year. “I can from anywhere, can the World Bank, ADB and others,” he explained.

Later, the proceeds from the loan would be used by companies that red plate for expansion and investments this year. “The important thing is we approve of,” he said