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January
Jakarta City Administration Earmarks Rp 3.4t for Flood Mitigation
Written by Andy Romdoni/Ani Hasanah
The Jakarta administration has allocated Rp 3.4 trillion (US$255 million) from its 2018 budget to flood mitigation projects. Water Resource Agency Head Teguh Hendarwan, as quoted by kompas.com, said on Friday that the biggest allocation of Rp 1.3 trillion will be for the Water Resource Agency, which will be in charge of land acquisition for river restoration projects. He added that the city would focus on land acquisition along the rivers of Ciliwung, Pesanggaran and Sunter. Another Rp 800 billion are to be spent on the development of sewerage systems and waterways. (JP)
January
Ministry Suggests Rp70,000 for Airport Train Fare in 2018
Written by Andy Romdoni/Ani Hasanah
Transportation Ministry proposed to charge Rp70,000 for Soekarno Hatta Airport train fare for this year. Transportation Minister Budi Karya Sumadi said that the fare is lower than the rate determined by Railink as much as Rp100,000. Up to February 2018, the fare charged is still promotional rate Rp70,000. He stated that he is recommended to maintain the current price so that people can enjoy a good price and they can compare it with other modes of transportation. Budi added that rate adjustment is still open for discussion and it can be evaluated in 2019. He believes that Railink can still gain profit from sources other than ticket sales including advertisement at the station and naming right with BNI bank to name the station BNI City Station. He also explained that in addition to airport train, Railink can explore profit potentials from area development. BNI City Station can be a meeting point for different kinds of transportation modes to create commercial space. The minister hoped that this can develop into a lifestyle, a station becomes a place where people meet and the restaurants will run well. (tempo)
January
Sri Mulyani Devides 3 Main Strategies for Fiscal Policy in 2018
Written by Andy Romdoni/Ani Hasanah
Finance Minister Sri Mulyani Indrawati stated that in 2018, the development programs will be focused on improving welfare and reducing poverty. To achieve such goals, the ministry will lead economic reform agenda including in the fiscal aspect of 2018. Sri Mulyani mentioned that 2018 fiscal policy is still directed at three main strategies including optimizing revenue, improvement in the quality of expenditure and cautious, sustainable financing. By doing so, state budget (APBN) management will be strengthened. Such strategies are devised to support healthy economic growth at the level of 5.4 percent and decrease in unemployment to 5–5.3 percent. Sri Mulyani stated in Malang on Friday that the level of poverty is to be reduced to under 10 percent, and Gini ratio to 0.38. Currently, Indonesia is one of the countries with the lowest level of debt in the world. Sri Mulyani concluded that Indonesia needs to maintain state budget deficit only for productive purpose to ensure debt payment and this is the responsibility for the future generation. (tempo)
January
Jokowi, JK Dissatisfied with 10 pct Foreign Investment Growth
Written by Andy Romdoni/Ani Hasanah
President Joko Widodo (Jokowi) and Vice President Jusuf Kalla are still dissatisfied with the growth of foreign investment in Indonesia that is still far behind other countries. According to Head of the Investment Coordinating Board (BKPM) chairman Thomas Tri Kasih Lembong, foreign investment in Indonesia grew 10 percent in 2017, but neighboring countries can rise 30 to 40 percent. Lembong said that this is unacceptable to the President and Vice President. He added that the BKPM aims to keep the good momentum this year. The position of Ease of Doing Business (EoDB) will be pushed from 72 to 40. Nevertheless, he continued, such efforts cannot be executed instantaneously. He went on by saying that it requires quality improvement of 10 EoDB components ranging from electricity access, ease of building permit, the legal system, to digitizing a number of support systems. (tempo)