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January
Infrastructure Development by Indonesian Government Expected to be Completed in 2018
Written by Ani Hasanah
The government of Indonesia under the leadership of President Joko Widodo has a long-term orientation in economic development through infrastructure development that takes a long time. Towards the implementation of the elections in conjunction in 2018, it is expected that the infrastructure development can be completed so that domestic conditions can be more stable. This was conveyed by economic observer from the University of Indonesia who also served as Program Director of INDEF (Institute for Development of Economics and Finance), Berly Martawardaya in a special interview with Voice of Indonesia in Jakarta more recently.
"...So, we see that the government has long term orientation by focusing on the infrastructure. So, the infrastructure takes more than one year or even three years to be built; that's complicated one. So, that's why, we see that the situation must be stable within the two years. So, we hope some of the infrastructure is already finished this year," Berly said.
Berly also expects that with the completion of infrastructure development, foreign investors will be interested to come to Indonesia and invest their capital before the political year or the change of regime in 2019. (Rezha)
January
Investment in Fisheries Sector Reaches Rp 4 trillion
Written by Ani Hasanah
Director General for the Improvement of Competitiveness of Maritime and Fisheries Products at the Maritime Affairs and Fisheries Ministry, Nilanto Perbowo said in Jakarta on Thursday that investment in the maritime and fisheries sector reached Rp4.03 trillion until the third quarter of 2017 and is targeted to increase to Rp6.3 trillion this year. He said that investment in fish catch and farming jumped 96.81 percent or Rp1.23 trillion in the third quarter of last year as compared to that of the same quarter of 2016. Likewise, investment in the fish processing industry also rose 0.4 percent or Rp2.29 trillion compared to the same period of 2016. He added that most of the investment in the maritime and fisheries sector came from Singapore, the Philippines, Belgium, China and Japan. Nearly 73 percent of the investment went to the fish processing industry, 19 percent to the production business and 7.25 percent to the commercial business. (Ant)
January
Indonesia Enhances its Partnership with Japan
Written by Ani Hasanah
Indonesia seeks to enhance the partnership with Japan that has been running for 60 years by inviting more Japanese investors to the country. The momentum of 60 years of Indonesia-Japan partnership is maximized for Japanese investment projects that have been running in Indonesia. Former Trade Minister, Rahmat Gobel said in a discussion entitled "Building a Policy Strategy to Strengthen the Structure of the Economy towards Growth of 7-8 Percent Per Year: How Opportunities and Potentials of SMEs and SMEs" in Jakarta Thursday. Rahmat Gobel said that his side will submit some recommendations to the government regarding cooperation between the two countries, considering the Indonesia-Japan economic partnership -(IJEPA) is still under negotiations. (Ant/12.1'18.Mar/Trans by Rhm)
January
2018 Simultaneous Regional Head Election Brings about Positive Impact on the Society
Written by Ani Hasanah
The simultaneous Regional Head elections to be held in some regions in Indonesia in 2018 will bring about positive impact on people's lives. However, behind the positive impact, there is a potential conflict that may be aware of due to high social tension in the community. It was conveyed by an economic observer from the University of Indonesia who is also Program Director of INDEF (Institute for Development of Economics and Finance), Berly Martawardaya in a special interview with Voice of Indonesia on Thursday, January 11, 2018 in Jakarta.
“…So, generally, it is positive to the growth and welfare of the local people. Of course, unless there is a social tension arising and there are some conflicts. So, that’s the exception.”
Berly added that one example of the positive impacts of the elections is the rising of the economy through the provision of goods and services for the purposes of the Regional Head Elections itself such as banners, flags, clothing, food, and others. (Rezha)