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January
2017’s Inflation is Relatively Controlled
Written by Ani Hasanah
Based on the Central Bureau of Statistics (BPS) monitoring in 82 cities, in December 2017 there was an inflation of 0.71 percent. Head of the Central Bureau of Statistics, Kecuk Suhariyanto explained, with the figure, inflation in 2017 amounted to 3.61 percent. In a Press Briefing on Tuesday (2/1), Suharyanto said that the inflation figure is good. The 3.61 percent inflation lies on below the inflation target set by the Revised State Budget of 2017 at 4.3 percent. Based on data from the Central Bureau of Statistics, since 2011 the inflation has moved forward in 2013 and 2014 above 2015. But since the last 3 years the inflation has been better.
"Over the last three years the inflation has been relatively under control and below the target. We certainly hoped this success can be repeated in 2018 by keeping the pattern which occurred in
2017inflation, Suharyanto said.
Suharyanto further explained, since January to December 2017, the highest inflation occurred in January and December 2017. There were deflation twice in March and August. Inflation in December 2017 amounted to 0.71 percent due to price increases, especially on the foodstuffs and transportation, communication and financial services. The inflation rate in the same period of 2016 and 2015 were by 3.02 percent and 3.35 percent respectively. Suharyanto said,the government’s control over the price of goods are relatively well// (Sekar.trs.Rezha)
January
Sarinah Launches Online Store Platform
Written by Ani Hasanah
Indonesian state-owned department store Sarinah has launched an online store platform, sarinahonline.co.id, in a bid to cope with stiff competition posed by rapidly growing e-commerce businesses. Sarinah president director GNP Sugiarta Yasa said the new platform would focus on selling Indonesia’s signature products, such as handicrafts, food and beverages, as well as textile. Sugiarta Yasa recently told the press in Jakarta that Sarinah is cooperating with numerous small and medium enterprises [SMEs] produce goods which already sell in its offline stores, right now. He added, the SMEs other than its current suppliers would also soon be able to market their items on the website after its launch that is slated in February. Prior to having its own online store, Sarinah has been selling its products online via several websites. Meanwhile, retail director Lies Permana Lestari said, as of December, 20, 2017 percent of the company’s revenue came from online sales. As for 2018, Sarinah has set a humble target of Rp1 billion online sales, because as a new player in the e-commerce business// JP
January
Indonesian President Joko Widodo Inaugurates Soekarno-Hatta Airport Train
Written by Ani Hasanah
Indonesian President Joko Widodo has inaugurated the Soekarno-Hatta Airport train on Tuesday (2/1) at 9 a.m. in the airport`s Integrated Building. The train's trial runs have been previously done a week ago. The Soekarno-Hatta Airport train will serve the passengers with the total of 124 trips per day which will be done gradually. There will be 42 trips per day in the first phase, 82 trips in the second phase, and finally 124 trips per day in the third phase.
The airport train will serve passengers from and to Manggarai, Sudirman Baru, Duri, Batu Ceper, and Soekarno-Hatta Airport stations. The trial runs have been carried out a week ago with the ticket fare of Rp30,000. After the official launching today, the ticket will be sold at Rp70,000. The airport train project is completed in early December 2017. It is hoped that the project will help to unravel the traffic density from Jakarta to the Soekarno-Hatta International Airport// Tempo
January
SOE Minister Rini Soemarno Says More Bonds will be Issued in 2018
Written by Ani Hasanah
The Indonesian government is pushing private companies and state-owned enterprises (SOEs) to issue more bonds this year, to finance infrastructure projects in a bid to reduce the use of state budget (APBN). SOE Minister Rini Soemarno predicts that more bonds will be issued this year. Aside from bonds, the government also expects continued effort to finance the projects through securities and loan syndications. She recently said in Jakarta, as for projects that are commercially available, SOEs and private companies will seek fund from loan syndication and bond issue. At the end of 2017, state-owned PT Hutama Karya secured Rp8.06 trillion loans from seven banks and PT Kereta Api Indonesia received Rp19.2 trillion loans. In view of PT Jasa Marga’s successful issue of global bond Komodo Bond, Rini said that she is now readying other SOEs to follow suit. However, she could yet specify project the value of bond issue//Tempo