RI will Develop Industrial Area CPO 5
Company Info August 2nd, 2010
JAKARTA – Indonesia will develop five industrial estates CPO, to strengthen developing the industry from upstream to downstream, so that in the long term Indonesia became the largest producer of CPO and its derivatives in the world.
The fifth area of development of the CPO industry, namely northern coast of West Java, Riau, East Kalimantan, Eastern Sumatra, Papua and Food Estate.
It is said Coordinating Minister Hatta Rajasa, after the coordination meeting (coordination meeting) of KEK and the implementation of Presidential Instruction No. 1 on Governance, Coordinating Office, Jakarta, Tuesday (22/06/2010).
“Of the 48 who asked not everything on the take. We will build five industrial clusters that are now being prepared in the course of 100 days. The first one we called the corridor of the Special Economic Zone means Java coast, Sumatra East Coast Corridor, Corridor Kalimantan, Sulawesi and Corridor Corridor Merauke , “he said.
Hatta said the corridor will become a “food estate” which will be equipped with various infrastructure facilities, industrial estates, as well as incentives both fiscal and non-fiscal.
However, he could not explain in detail what kind of incentives will be provided by government, except the government’s commitment in making the 100-day program of infrastructure development as the main focus.
According to him, the concept of KEK will be stipulated in Government Regulation (PP). “With that pattern alone, there are already interested. Japan through Dubesnya already expressed interest in developing it,” he said.
He was convinced that if Indonesia-based integrated development pattern of existing resources, Indonesia will be able to improve the competitiveness of competitive or comparative.
A number of areas, which was preparing the region for the CPO industry, inter alia, in Kuala Enok Riau, East Kalimantan District Malloy, and North Sumatra in Mangke River region.
CPO industry was an industry that is important for Indonesia because of its high competitiveness and create many jobs. “Currently the sector involving approximately 3.5 million workers,” he said.
National CPO production in 2009 is expected to break the 20 million tons, an increase compared to last year reaching 19 million tons, with exports reaching 12.9 million tons.
“Should Indonesia as the largest producer of CPO is also a price leader. We have started with the futures exchanges. So it was time and should begin,” he said
Any amount to Rp9.015 Back Stronger
Forex July 19th, 2010
- Indonesia’s ranking rise by Moddy’s and weakening China’s stance in maintaining the value of its yuan strengthening rupiah seems to be the reason this time.
Based on the middle rate of Bank Indonesia (BI), the rupiah Monday (06/21/2010) suffered penetrating nearly to the level of reinforcement Rp9.000. Rupiah closed at Rp9.015 level, strengthened when compared to the previous weekend in Rp9.135.
While based on the yahoofinance, the rupiah strengthened through the psychological barrier even Rp9.000. Rupiah was in a position Rp8.997, five with the trading range 0.5-Rp9 Rp8.997 .090.
Apparently there are two main reasons mengerak the rupiah strengthened. First, China appeared to be softening in maintaining its yuan peg. Strengthening the yuan would balance the global economy and positive for the exporting countries.
This will also make prices cheaper for China, triggering speculation will increase the demand for commodities by China.
In addition, Moody’s Investors Service today (21/06/2010) Indonesia’s debt rating raised dominate rupiah and foreign currency from stable to positive by Ba2 level.
This afternoon, the rupiah exchange rate against U.S. dollar (U.S.) rose slightly from Rp9.148 become Rp9.010. “This announcement would attract capital into the bond market in Indonesia and help strengthen the rupiah,” said Standard Chartered Bank economist Eric Alexander Sugandi in Jakarta.
Actual Expenditure Reaches 76 KL Rp88, 8 Trillion
Finance July 19th, 2010
JAKARTA – Actual expenditure absorption of 76 Ministry / Agency (C / L) until June 15, 2010 was recorded to reach Rp88, eight trillion or higher when compared to last year amounted to Rp83, 9 trillion.
Meanwhile, from 10 K / L average realization of large absorption of the budget reached 24.2 percent. Among the K / L are:
1. Ministry of Defence of the ceiling of the Budget Implementation Entry List (DIPA) Rp42, 3 trillion, the realization Rp17, 3 trillion, or 40.9 percent.
2. The Ministry of Communications from the limit of Rp15 DIPA 8 trillions, realization Rp3, 2 trillion, or 20.7 percent.
3. Ministry of National Education, the maximum amount of DIPA Rp55, 1 trillion, the realization Rp15, 4 trillion or 28.07 per cent.
4. Ministry of Health, the maximum amount of DIPA Rp21, 3 trillion, the realization Rp5, a trillion or 23.99 per cent.
5. Ministry of Religious Affairs, the maximum amount of DIPA Rp27, 5 billion, the realization of Rp6, 8 trillion, or 25 percent.
6. Ministry of Public Works, the maximum amount of DIPA Rp34, 9 trillion, the realization Rp6, 8 trillion, or 19.4 percent.
7. Police, the maximum amount of DIPA Rp27, 1 trillion, the realization of Rp10, 8 trillion, or 39, 8 per cent.
“Most of realization because of personnel expenditure to pay salaries, whereas capital spending is still small but not significant,” said Director General of Treasury Herry Purnomo, during a press conference in the office of the Ministry of Finance, Jalan Dr Wahidin, Jakarta, Monday (21 / 6 / 2010).
Meanwhile, Vice Minister of Finance who also serves as the Director General of Budget Anny Ratnawaty mention, still tersendatnya actual expenditures K / L is caused by several K / L which still get the star is still blocked because of a delay in the submission to the Director General of Treasury DIPA.
“The Ministry has facilitated the disbursement of financial in K / L. If it was nonetheless a star in the DIPA (blocked) did not inhibit the process of procurement of goods because there is already pagunya,” he said.
He also reminded the K / L that the government will do rewards and punishments to the implementation of the budget. Later, in 2012 a new application of rewards and punishments to K / L due to the realization of a new budget is known in 2011 by making it as a baseline for implementation in 2012.
“For our rewards and punishments based on the experience of fiscal stimulus in the preparation of the financial memorandum and the State Budget in 2011, and will we do in 2012. Implementation of punishment should be cautious, for example because there inefieinsi, force major, and really nothing is justified, “explicitly
Agus Marto JPSK Continue Filing Exemption
Economy July 19th, 2010
JAKARTA – Not too draft law ratifying the Financial Sector Safety Net (JPSK) and Financial Sector Authority (OJK), making the government will soon submit the draft Exemption JPSK back to the President. Exemption filing this as a legal umbrella to anticipate the threat of hurricane crisis.
“We’re with BI are both seen JPSK should become law. But if the Act is still needed time, go to the House, we are prepared if necessary to Perppu JPSK. If it’s the worst thing happens, we ask Perppu draft to the president,” said Minister of Finance Agus Martowardojo in the Office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (06/21/2010) night.
In addition to issuing Perpu, another precaution is the Government and the Bank have agreed to carry out the protocol for the control of the crisis will be run, including an early warning signal.
“The draft Law JPSJ enter. If there is anything, we must ask Perppu. Is important we have put forward a plan. Accepted or not that’s the process further,” he added.
Later, the Ministry of Finance and Bank Indonesia will conduct deeper discussions related to the discussion OJK, where the BI is still concerned about the overlap in supervision.
“The Ministry of Finance will have a special bilateral meeting with Bill OJK BI discuss in depth,” he said
Hatta: Beware of Gas Tube
Company Info July 6th, 2010
- Coordinating Minister Hatta Rajasa requested active participation of all parties to overcome the problems related to gas cylinder blast proliferation disturbing the public.
Besides emphasizing the need for supervision and socialization of PT Pertamina (Persero), Hatta was also urged to take an active part of society to report if there is suspicion of a gas tube problem.
“The public should also be alert to things like that (the tube that has not indicated SNI). Suppliers should be responsible. Then, Pertamina also has to monitor,” he explained at the office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (21 / 6 / 2010) night.
To that end, he stressed the importance of supervision conducted by Pertamina and also how the right to disseminate to the public so that it can figure out how the use of gas stove properly.
“Indeed, I think, first people should be given to socialization. However, our society experienced a change of use to the gas and kerosene,” he said
