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January
State-owned tourism management enterprise Indonesia Tourism Development Corporation (ITDC) has received funding from the Asian Infrastructure Investment Bank (AIIB) to develop infrastructure in the Special Economic Zone (KEK) in Mandalika, West Nusa Tenggara.
"After it was approved by the AIIB board of directors on December 7, 2018, we signed an agreement on funding facility for the Mandalika Urban & Tourism Infrastructure Project (MUTIP) worth US$248.4 million, or equal to Rp3.6 trillion on Dec 31. This shows the trust in the prospects of the tourism industry in Indonesia," ITDC President Director Abdulbar M. Mansoer stated in Jakarta on Tuesday.
It is the first standalone financing, with the largest value made by AIIB in Indonesia, and the first AIIB financing for tourism infrastructure development in the world. AIIB is a multilateral development bank, with member countries from around the world, including Indonesia. AIIB is aimed at supporting the building of infrastructure in member countries in Asia and the Pacific region.
Meanwhile, ITDC Director of Finance Nusantara Suyono said, the MUTIP funding has a tenor period of 35 years and grace period of 10 years. The interest rate is set in accordance with the London Interbank Offered Rate, or LIBOR, of six percent and 1.4 percent additional rate per year. MUTIP funding will be focused on the development of infrastructure and basic facilities in Mandalika, including road, clean water, sanitary and drainage, waste treatment, power distribution, disaster risk management, and several other public facilities.
The company has targeted to build star-rated hotels, with more than 10 thousand rooms, convention center, 27-hole golf course, retail mall, theme park, hospital, and street race circuit for world-class races, such as MotoGP.
"The MUTIP funding will also cover the surrounding area to ensure that the project would benefit the local people and to mitigate the negative impact with regard to increased tourist visits," Mansoer noted.
ITDC has successfully managed the tourism destination area in Nusa Dua, Bali, since some 45 years, with the World Bank funding in its early years. ITDC has developed Nusa Dua into a world-class integrated resort. According to Mansoer, development of tourism in Mandalika will have a multiplier effect on the local, social, and economic areas, as it will create jobs for more than 50 thousand workers within the next 25 years.
Data of the Central Bureau of Statistic (BPS) showed that the number of foreign tourists to Indonesia had increased to 14 million in 2017, from 11.5 million in 2016. In 2018, the number of foreign tourists has reached more than 13 million as of November. The world tourism industry has grown significantly and contributed more than 10 percent to the global gross domestic product. (ant)
January
Export of Rail Pads to The Philippines
Three state-owned companies -- PT Inka Multi Solusi Trading (IMST), PT Wika Beton, and PT Pindad -- have synergized efforts to export rail pads to the Philippines. President Director of PT IMST I Gede Agus Prayatna stated in Majalengka, West Java, on Tuesday ( 22 January ) that it is the initial export of rail pads manufactured in synergy with state-owned concrete maker PT Wika Beton and state-owned manufacturer of military and commercial products PT Pindad.
"We deliver the rail pads to Manila, the Philippines, to supply material for infrastructure development in the country," Prayatna remarked.
The rail pads will be used to build a 300-meter railway track, he noted.
"For now, it is only for 300 meters of railway track, but this is the start. If we can succeed in the project, I am certain that we can supply for a longer track," he remarked, adding that it will necessitate synergy among the state-run companies.
Meanwhile, Marketing Director of PT Wika Beton Kuntjara said the company will improve the quality of its concrete products to compete in the international market.
"We will work jointly and support each other by improving our products," he affirmed.
Director of Industrial Product of PT Pindad Heru Puryanto stated that it is the first export of rail pads to the Philippines.
"This is for the first time we export (rail pads). This is a collaboration among state enterprises. KA Clip is one hundred percent our works," Puryanto added. (ant)
January
The Indonesia Masters 2019 badminton tournament starts today. The third tournament in the 2019 BWF World Tour calendar will be held from January 22 to 27 2019 at Istora Senayan, Jakarta. Based on the drawings released by Bwfbadminton.com, 37 Indonesian representatives will compete in this tournament.
Of these, six of them are included in the flagship list.
The six Indonesian representatives who were superior in the BWF World Tour 2019 tournament in the Super 500 category were in four sectors, except the women's singles.
They are Anthony Sinisuka Ginting, the 7th seed in the men's singles sector. Furthermore, Greysia Polii / Apriyani Rahayu and Tontowi Ahmad / Liliyana Natsir, respectively as the 4th seed in the women's doubles and mixed doubles sectors. The other three were representatives in the men's doubles sector, one of them being the 2019 Malaysia Masters champion, Marcus Fernaldi Gideon / Kevin Sanjaya Sukamuljo. They still occupy the first seed in the 2019 Indonesia Masters. Next, Fajar Alfian / Muhammad Rian Ardianto, 6th seed, and Mohammad Ahsan / Hendra Setiawan as seed 8.
The results of the 2019 Indonesia Masters draw are arguably less profitable for the host. Because, many representatives of Indonesia will compete in the early rounds.
In the men's singles sector, for example, Anthony Ginting will face Tommy Sugiarto.
Practically, one of them will only compete once and immediately 'go home' after the first round match is finished.
Conditions not much different occur in the men's doubles sector. Four Indonesian representatives (two of them featured) are in the top group or seeds 1 to 8.
They have the chance to elbow each other in the second round to the quarter-finals.
Four Indonesian men's doubles representatives who had the chance to elbow each other up to the quarter-finals were Marcus / Kevin, Wahyu / Ade, Fajar / Rian and Berry / Hardianto.Not only in the men's singles and men's doubles sectors, the chances of the matches of fellow Indonesian representatives in the initial round were also seen from the results of the women's doubles and mixed doubles drawings. (trib)
January
Indonesia has been striving to reduce its poverty rate that is expected to reach nine percent by the end of this year, National Development Planning Minister Bambang Brodjonegoro stated in Jakarta on Monday.
"We have set a target of reducing our poverty rate to the level of 8.5 to 9.5 percent. If we still find that the last figure stays at 9.66 percent, we hope it would be recorded at the level of nine percent at the end of 2019," he remarked.
To achieve the target, the government will focus on strengthening its social aid services for appropriate and eligible recipients, including the non-cash food assistance program (BPNT) and Indonesian Health Cards (KIS), he explained. The targeted recipients of programs, such as the BNPN, KIS, Family Hope Program (PKH), and the Indonesian Smart Cards (KIP), are those belonging to the list of extreme poverty.
Those vulnerable to falling into the poverty line will be economically empowered by offering access to microfinance and by creating more jobs, Brodjonegoro stated. The Central Statistics Agency (BPS) recorded that Indonesia`s poverty rate tends to decrease. In March 2018, the poverty rate reached 9.82 percent, but it decreased to 9.66 percent in September 2018.
Hence, the BPS noted that the poverty rate reduced around 0.16 percent during the period between March and September 2018 as compared to around 0.46 percent in September 2017, Brodjonegoro noted. As of September 2018, there are still 25.67 million poor people in Indonesia. The total number decreased around 0.28 million people as compared to that of March 2018 and around 0.91 million people than that of September 2017. Brodjonegoro further revealed that the levels of inequality in society were brought about by access to infrastructure and basic services as well as social aid services for appropriate and eligible recipients. (ant)