Maryati

Maryati

10
June

The governments of Indonesia and Australia have agreed to accelerate the ratification of Comprehensive Economic Partnership Agreement (CEPA) which is still in ongoing process. Indonesian Trade Minister, Enggartiasto Lukita said on Sunday that the CEPA is currently being processed. It is expected to be ratified this year and will be implemented in 2020. This was one of the points of discussion between Minister Enggartiasto Lukita and Australian Minister of Trade, Tourism and Investment, Simon Birmingham on the sidelines of the G-20 Ministerial Meeting on Digital Trade and Economy in Tsukuba, Japan. ntara  News Agency reported, Minister Enggartiasto had confirmed that the ratification of the CEPA could accelerate the commitment to increase trade and investment cooperation between the two countries, which has been well established. Minister Enggartiasto further explained that the acceleration of this ratification is also due to the encouragement of the business world of both countries. Another point in the discussion conducted with Australia is related to the ongoing negotiations of the Regional Comprehensive Economic Partnership (RCEP) among 16 member countries. The negotiations on  free trade commitments, launched in November 2012, are not easy to pursue because each country still has its own interests. According to Minister Enggartisto, Indonesia asked Australia to be flexible. In addition, it should be taken into consideration that  India has a new trade minister,  meanwhile Thailand as chair of ASEAN is also awaiting a new cabinet. Another  topic of discussion is about the importance of reforms in the World Trade Organization -WTO so that the organization has high bargaining power in resolving trade disputes. On this occasion, Minister of Trade, Enggartiasto Lukita also held a bilateral meeting with Deputy Minister of Trade of the People's Republic of China Wang Shouwen. The points that became the main discussion were the ease of export of swallow nests, agricultural products and tropical fisheries and fruits to China. In addition, they also discussed  the follow-up of the agreement regarding the establishment of a Trade Working Group between Indonesia and China.

10
June

Amid the change in global economic growth projections by international institutions, Indonesia's Financial Services Authority (OJK) is still optimistic that domestic growth will remain positive. According to Chairman of the Board of Commissioners of the Financial Services Authority (OJK), Wimboh Santoso, the dynamics that have occurred in the global economy have little direct effect on Indonesia. At present, the demand for goods and services for domestic consumption still dominates Indonesia's economic growth.Credit growth rates reflect the transmission of the domestic economy, especially domestic consumption. The high credit growth indicates that the business expansion climate in Indonesia is still passionate. Indonesia certainly cannot rely too heavily on investment; exports to a number of countries must also be maintained. Amid the heated trade war between China and the United States, Indonesia must continue to look for new markets for export purposes as a component of economic growth.Based on the latest data from Bank Indonesia, as of March 2019, the average bank credit growth reached 11.5 percent. This decreases compared to February 2019 which reached 12.1 percent. Even so, Bank Indonesia predicts that bank credit growth in 2019 will still be in the range of 10-12 percent.What does BI need to do to maintain and simultaneously encourage growth?The Financial Services Authority certainly needs to support various government policies that provide incentives to improve the competitiveness of Indonesian products in the global market. It is hoped that, in the future, Indonesia's exports will no longer be too dependent on China, which is currently involved in the trade war against the United States.

03
June

Ciputra Artpreneur is the only art center in Indonesia which has international standard, multi-function hall and museum. The art center is inside shopping avenue which is located at Setia Budi district, South Jakarta. Ciputra Artpreneur is usually used to hold various events beginning from exhibition, conference, concert and until other huge events. Visitors can see various kinds of international or local arts at Ciputra Artpreneur. Ciputra Artpreneur Theater, which has international standard, is one of the mainstay art centers, which belongs to Ciputra Artpreneur. The theater is the highest class of performance’s theater in Asia which has capacity of 1,157 seats. The theater has conducted the first Broadway performance in Indonesia, namely Beauty and The Beast, and other international and national performances. Ciputra Artpreneur Gallery has a multi-function room which can be used for various events. The art gallery has 1,500 m2 wide and  has facility of projection screen, which has obtained award from Indonesia’s Record Museum for the longest audio visual projection system in Indonesia, whose size is 60 x 12 meters. Another main advantage of the Ciputra Artpreneur Gallery is that there is an amusing view from Jakarta City. Meanwhile, Ciputra Artpreneur Museum exhibits 32 paintings and 18 sketches by Hendra Gunawan, a modern Indonesian maestro artist.The establishment of Ciputra Artpreneur at the economic center of Jakarta, is hoped to be able to raise and also to develop creative industry of Indonesia through empowerment’s events based on arts and cultures.

03
June

Bank Indonesia -BI recorded that foreign capital inflow to Indonesia since the beginning of the year until Friday, May 31, 2019 has reached Rp112.98 trillion. The capital inflow is also one of the pillars of fulfilling foreign exchange demand in the domestic market so that this has helped maintain the stability of the rupiah exchange rate in recent times.Governor of BI, Perry Warjiyo pointed out that the foreign capital inflow that went into government bonds or State Securities -SBN reached Rp56 trillion. Meanwhile, around Rp57 trillion went into stock instruments. He stated that this reflected that foreign investors were very confident in Indonesia, while maintaining the stability of the rupiah exchange rate against the US dollar.According to Governor Perry, overall, indicators on the domestic financial market are still maintained. The capital inflow is inseparable from the yield of competitive domestic financial instruments compared to the peers.The yields on 10-year government bonds were recorded at 8.01 percent. This parameter was added with low inflation movement in the range of 3.1 percent (year on year) until May 2019. The inflation rate is considered to increase foreign investor confidence because the prices of goods are maintained amid the momentum of high consumption during Ramadhan and before Lebaran.Governor Perry further said that until the end of May 2019, the condition of the rupiah exchange rate was still under control. At the close of Wednesday, (May 29, 2019), the rupiah was transacted at 14,395 rupiah per US dollar. He also said that Bank Indonesia would continue to carry out measures to stabilize exchange rates according to fundamentals if needed, both through intervention in foreign exchange and the purchase of State  Securities on the secondary market.