VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Indonesian government through PT Inalum officially controls 51 percent of PT Freeport Indonesia (PTFI) shares. The agreement was signed by PT Inalum as the parent of the State-Owned Enterprises (BUMN) mine and Freeport Mcmoran Inc. in Jakarta on last Thursday (27/9). The signing of the sales and purchasing agreement is a follow-up of the preliminary agreement on July 7, 2018, when it was agreed that the value of the Freeport Indonesia divestment shares would be US$3.85 billion dollars or around Rp 56 trillion. In detail, US$3.5 billion dollars is to buy a participating interest (PI) 40 percent owned by Rio Tinto and US$350 million dollars to acquire 9.3 percent of shares owned by Indocopper Investama. The signing was carried out by INALUM's President Director, Budi G. Sadikin, and Freeport-McMoRan CEO, Richard Adkerson, witnessed by Energy and Mineral Resources (ESDM) Minister, Ignasius Jonan, Minister of State-Owned Enterprises (BUMN), Rini Soemarno, and Finance Minister, Sri Mulyani Indrawati. Thus, the number of PTFI shares owned by INALUM increases from 9.36 percent to 51.23 percent. The Papua Regional Government will get 10 percent of 100 percent of PTFI's shares. Minister Ignasius Jonan explained that with the signing of this agreement, the government would issue a Special Mining Business License with a maximum operating period of 2x10 years until 2041. Furthermore, PTFI's obligation to build a copper smelter with a capacity of 2 to 2.6 million tons per year would keep being monitored and evaluated for its development. So, it is expected to be completed in less than 5 years. Meanwhile, Minister of Finance, Sri Mulyani Indrawati admitted that the divestment of shares between PT Freeport Indonesia and the Indonesian Government was complicated and it required a very long process.

"I know that this process is not easy; there are many negotiating details that I have to admit. The process is equally complicated. However, with the good intentions of the Government of Indonesia and with guidance from Mrs. Rini to PT Inalum and with Richard Adkerson leadership, we have finally been able to fulfill and reach an agreement to take over 51 percent of the shares signed today in the form of a Sales Purchase Agreement. We also continue to finish and are at the final stage. Once again, the process is not easy, said ministerSri Mulyani "

Minister Sri Mulyani further explained that the divestment of PT Freeport Indonesia's shares this time is a commitment of Indonesia to fight for the best, both in terms of state revenues, downstream processing through the construction of smelters and management. In addition, she also stated that the government of Indonesia fully respects the rights of investors who come to Indonesia by negotiating, which then resulted in decisions that benefit all parties concerned. Minister Sri Mulyani also hopes that PT Freeport Indonesia will carry out mining activities in the future by continuing to consider environmental aspects. She also expressed her gratitude to the CEO of Freeport-McMoRan, Richard Adkerson who has negotiated well so far with the government of Indonesia.

Indonesia is in grief again. A tectonic earthquake measuring 7.4 on the Richter Scale shook Donggala Regency, Central Sulawesi on Friday, September 28, 2018 at around 17.02 WIB. This earthquake caused a tsunami that hit Palu and Donggala. The earthquake with tsunami left more than 830 people dead and hundreds more injured. This disaster is one of the most tragic tragedies in the history of Indonesia. The central government immediately assisted local governments in Palu and Donggala, Central Sulawesi to deal with earthquake and tsunami affected the victims. This is needed considering that the disaster causes significant infrastructure destruction and hampers the distribution process. President Joko Widodo came directly on the hit locations to monitor the current situation at several points affected by the disaster, including the evacuation posts and hospitals. The earthquake and tsunami that occurred in Palu and Donggala become the world's spotlight. Some foreign media highlighted how the tsunami in Palu and Donggala occurred dramatically. Meanwhile, other media reported that the death toll was estimated, at least, 1,000 and more than 800 bodies had been found in Palu, not including in Donggala area and others that are difficult to access. Among the victims, there are 71 foreign nationals who are casualties of the earthquake and tsunami in Palu City and Donggala Regency. Some foreigners are still unknown. Head of the Data, Information and Public Relations Center of the National Disaster Mitigation  Agency -BNPB, Sutopo Purwo Nugroho said that most of the foreigners in Central Sulawesi during the earthquake in Palu and Donggala were reported to be safe. Some foreign tourists have also been evacuated to Jakarta. The grief of Palu and Donggala is the sorrow of not only the people of Central Sulawesi Province, but also all Indonesian nation and the world. Expression of sympathy and sorrow over the disasters that struck Palu and Donggala, even offers of humanitarian assistance from various circles and friendly countries begin to arrive. The European Union, for example, will distribute emergency assistance amounting to 1.5 million Euros or Rp25.97 billion for the victims of the earthquake and tsunami in Palu and Donggala. In addition, the United States and China also offers assistance to the Indonesian government. The earthquake and tsunami in Palu and Donggala should further strengthen the brotherhood. Amidst the political temperature that is starting to heat up ahead of the legislative general elections and 2019 Presidential Elections, the Indonesian nation should be increasingly united by helping each other who are in trouble. Because the grief of Palu and Donggala is the grief for all.

Efforts to reduce the current account deficit attract financial markets and deepen the foreign exchange market in Indonesia.The method adopted by Bank Indonesia is by raising the benchmark interest rate.Another step is to impose a Domestic Non-Deliverable Forward to deal with global financial uncertainty.The Bank Indonesia Board of Governors' Meeting in Jakarta, on September 26 and 27 decided that BI's benchmark interest rate rose 25 basis points or 0.25 percent to 5.75 percent.Thus, since May 2018, BI's interest rate has risen 1.5 percent.

After signing the agreement on July 12, PT Indonesia Asahan Alumunium -Inalum on Thursday (27/9) signed a sales and purchase agreement with PT Freeport McMoran Inc and PT Rio Tinto Indonesia. With the signing of the sales and purchase agreement, Inalum that represented the Indonesian Government officially becomes the majority shareholder of PT. Freeport Indonesia.In the agreement, Inalum as the holding company or holding mines of the State-Owned Enterprise paid US$3.85 billion dollars for 51 percent of PT. Freeport Indonesia.This payment process will take place within two years.

All Indonesia Football Association -PSSI is targeting 2018 League 1 competition to be continued in early October.The league will continue sooner after the issuance of a sanction decision related to the incident of the death of Persija Jakarta supporter, Haringga Sirila by Persib Bandung supporters.The PSSI investigation team has been investigating Haringga's death case since the federation stopped the competition on Tuesday (25/9).PSSI Deputy Chairperson, Joko Driyono said that the PSSI Disciplinary Commission will issue a sanction decision this weekend. His side requires fast and precise results, and investigations are no more than three to five days.Joko Driyono said in Jakarta on Thursday (27/9) that the fact-finding process involved all committees and departments in the management of PSSI.

We present Balinese songs. The Balinese song is composed by I Gusti Ngurah Alit Jambe Pemecutan, king of Badung for his lover, A.A. Ayu Oka. The song is a sign of love by I Gusti Ngurah Alit Jambe Pemecutan. The song has repetitive lyric. Its melody is really easy listening. “Ratu anom” is categorized as kid’s song because it is often sung by Balinese children at school or home. In Balinese language, Cenik means small. It means if we always feel small or unable or underestimated, we will be eroded by “Montor” whose meaning is development of the times. The song consists of 5 lyrics which are repeated and tell about a cat. The cat keeps looking for mouse which always makes trouble. Like the song entitled Ratu Anom, the song is also Balinese kid’s song.