Asian Tobacco Growers gather in Lombok, Indonesia to Debate Latest Industry Challenges
 
JCN Newswire
Mar 29, 2018
Category:
Tags:

Lombok, INDONESIA - (ACN Newswire) - Members of the International Tobacco Growers Association (ITGA) in Asia held a conference in Lombok, Indonesia to discuss the ever-increasing challenges facing tobacco agriculture and the tobacco industry.

The Tobacco Growers emphasized their commitment to Good Agricultural Practices (GAP) in an effort to produce an agricultural commodity that meets legal market standards for the over 900 million consumers spread across the world and ensures that the agricultural activity provides a proper livelihood for millions of the world's farmers, farm workers and their families.

During the conference, delegates from countries such as Azerbaijan, India, Indonesia and the Philippines, as well as representatives of other stakeholders, government officials and delegates from the United Nations, discussed several important issues related to tobacco agriculture and the industry.

ITGA Chief Executive Officer Antonio Abrunhosa said the tobacco market has changed its direction. Therefore, this transition to the future must become the industry's main agenda.

"It will be difficult to implement this strategy if we refuse to become part of the programs initiated by UN agencies such as UNDP and FAO. Therefore, ITGA and its members are committed to demonstrating our commitment to becoming involved in these initiatives and we will do whatever we can to produce tangible evidence of our intentions."

In the opening speech, the chairman of the Indonesian Tobacco Community Alliance (AMTI), Budidoyo, said that tobacco farmers have implemented agricultural practices in line with a number of objectives specified in the Sustainable Development Goals (SDG).

"For example, the number one objective of the SDG is Eradicating poverty. It has been proven everywhere that tobacco is a very profitable commodity that supports the economic stability of the farmers and their families," conveyed Budidoyo. "The tobacco sector is also aware of the importance of fulfilling our social-economic responsibilities. Therefore, we take various measures each year to improve our agricultural techniques so they become more sustainable and environmentally-friendly."

In addition to making declarations, the Indonesian tobacco farmers also continued to push for the Draft Tobacco Bill because it is the realization of efforts to protect tobacco farmers. The Draft Tobacco Bill regulates the management of tobacco, partnership programs between business owners and farmers, DBHCHT allocation, and health protection -management of advertisements, promotions, sponsorship, cigarette packs and Smoke-Free Areas (KTR).

Farmers must also remain alert to Draft Tobacco Bill rules that could potentially threaten the Tobacco Product Industry (IHT), such as:

- Restrictions on tobacco usage (80% domestic and 20% imported tobacco) and the implementation of quotas
- Implementation of an import excise tariff for imported tobacco of 60-200 percent (on processed tobacco)
- Restriction of foreign investment ownership (30 percent)

The tobacco sector has been the target of much pressure that results in decreasing tobacco product demand and exacerbates the situation of the tobacco farmers.

These challenges have never successfully discouraged us from cultivating tobacco, but have instead provided us with greater motivation to achieve better and more sustainable tobacco production.

ABOUT THE AMTI

The Indonesian Tobacco Community Alliance (AMTI) was formed on 25 January, 2010 by a joint declaration by tobacco industry stakeholders as a way to organize the efforts of tobacco and clove farmers and cigarette workers, consumers, retailers, associations and manufacturers to preserve Indonesia's quality tobacco industry.

The purpose of the alliance is to provide a forum for organizing the efforts of tobacco and clove farmers and cigarette workers, consumers, retailers, associations and manufacturers. In addition, it establishes a united front for preserving the quality of the Indonesian tobacco industry and principles for the nation, considering the Tobacco Industry as a prioritized national industry comparable to other industries, participating in formulating balanced and comprehensive concepts for tobacco regulations acceptable to legislators, and preserving the existence of the cigarette industry, especially kretek cigarettes as a national cultural heritage product, so that this industry may receive full rights in its own country, and become a global commodity.

The AMTI also wants to maintain and develop the local tobacco industry and seeks to develop Virginia, Oriental and White Burley tobacco as raw materials for the cigarette industry and import substitutes, and strives to uphold transparency in accordance with the applicable legislation.http://amti.id

ABOUT THE ITGA

The International Tobacco Growers Association (ITGA) is a non-profit organization representing the interests of millions of tobacco farmers around the world. The ITGA encourages the involvement of tobacco farmers in global discussions and supports farmers on the international scene, protecting their continued existence and their families. The ITGA Forum was held in Lombok, Indonesia on March 26-27.http://www.tobaccoleaf.org

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
19 Global Partners Sign for US$850M Project in Lippo Group's MEIKARTA
 
JCN Newswire
Mar 23, 2018
Category:

JAKARTA - (ACN Newswire) - MEIKARTA, the mega residential township project being developed by Lippo Group, has received US$850 million from 19 global partners focused on health & medicine, financial technology, education, logistics and technology research. The partnerships were inaugurated in Jakarta this week with ceremonies signing the memorandums of understanding (MOU).

MEIKARTA is the embodiment of Lippo Group's commitment to sustainability and the "five pillars of development"; developing an innovative infrastructure & transportation, a high tech central business district (CBD) & research hub, a business & commercial hub, a center for the arts, culture & education, and green sustainable living.

Ketut Budi Wijaya, President of MEIKARTA, said, "This partnership is a confirmation that the world community recognizes and sees MEIKARTA as a modern city of the future. The presence of global institutions, whether in education, health, or technology, will make MEIKARTA more than a dwelling. The MEIKARTA of the future will be the economic center that will grow and develop."

Bambang Soesatyo, Chairman of House of Representatives, Republic of Indonesia, said: "I am confident that the presence of these leading institutions in MEIKARTA, with their capital, networking, technology, systems and experience, will support the government's vision of national development".

Global institutions signing the MoU with MEIKARTA:
1. Columbia University Medical Center (CUMC)
2. University of North Carolina
3. University College London (UCL)
4. World Trade Center
5. Genesis Rehab Services (GRS)
6. HTC Corporation
7. China Telecom Global Limited
8. ACSC & CFLP International Logistic
9. Seafirst Technologies
10. Union Space
11. Rework
12. USA Dunham Bush Refrigeration Equipment Inc
13. e-Shang Redwood (ESR)
14. Shanghai Infin Technology
15. Nagase Indonesia
16. Micro Focus
17. JM Eagle
18. Zhong Ying Finance
19. Lausanne Hotel Management Institute

MEIKARTA is in the East Jakarta Corridor, which will be integrated with new transportation networks, including Jakarta-Bekasi High-Speed Rail, Patimban Deep Seaport, Kertajati International Airport, Jakarta-Cikampek Elevated Highway and APM (automated people mover) uniting seven new cities around MEIKARTA.

The MEIKARTA development covers 22 million m2 in its first phase, designed since 2014. Work started in January 2016 with the initial construction of one hundred skyscrapers, each with 35 to 46 floors, and the creation a workforce expected to reach 65,000 individual jobs.

MEIKARTA surpasses anything the country has ever seen, epic in its scale and vision as a truly integrated city of the future. Not only does MEIKARTA redefine what a modern city should look like and feel like, it sets the new standard for a world city in Southeast Asia and beyond. Visit meikarta.com.

For further information, please contact:
Danang Kemayan Jati
Director of Information and Public Communication Lippo
Email: danang.j@lippokarawaci.co.id

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
Wintermar Offshore (WINS:JK) Reports FY2017 Results
 
JCN Newswire
Mar 21, 2018
Category:

JAKARTA - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has reported results for the 2017 financial year. WINS Gross Profit for 4Q2017 has risen by 26% QOQ to US$2.0 million as utilization averaged 69% for the quarter, lifting revenue by 10% QOQ to US$18.0 million for the final quarter of the year.

Better revenue in 4Q2017 from higher fleet utilization resulted in Gross Profit of US$2.0 million booked for the last quarter of 2017. The full year 2017 gross profit of US$2.5 million shows a clear turnaround from the losses recorded in 1H 2017.

2017 was the third year of a very difficult down-cycle in the oil and gas industry, and our fleet utilisation reached its lowest point in the second quarter of 2017 before seeing a recovery. However, many of our pre-crisis contracts had already been completed by 2017, and replaced by new contracts won in 2017 at charter rates which were significantly lower due to market conditions at the time. Therefore, although the quarterly trend for 2017 has shown a significant pick up in utilization in the second half of the year, revenue for the full year 2017 was lower by 30%YOY at US$62.0 million as compared to FY2016.

Owned Vessels Division

Owned Vessels utilization averaged 69% for the 4th Quarter 2017 as more vessels were mobilized on new projects while some existing contracts were extended. This compares with 3Q2017 average utilisation of 66%.

Notably, in the second half of the year, our high tier vessels saw a recovery in utilization as we took on a seismic project in Eastern Indonesia and supported a drilling project in Papua New Guinea, both of which involved multiple vessels.

Revenue from this Division rose to US$14.2 million, +6% QOQ compared to US$13.4 million in the previous quarter, and 21% higher than revenue of US$11.7 million recorded in the 4th Quarter the previous year.

For the full year 2017, revenue from Owned Vessels reached US$48.0 million, which was 19% lower than US$58.9 million booked in FY2016. Direct expenses fell slightly by 5% to US$47.5 million from US$50.3 million the previous year, reflecting generally lower crewing and operational expenses and higher maintenance expenses. Because of mobilization and startup costs, there were heavy one off maintenance and crewing expenses which were booked in 4Q2017 as vessels had to be modified, overhauled and equipped with more spares prior to commencing longer contracts according to clients' requirements. However, with the better utilization, the Division turned around from a gross loss in the first half of the year to record a marginal gross profit of US$0.43 million for FY2017.

Chartering and Others

The Chartering Division is seeing a slower recovery than our Owned Vessels Division, as the priority has been to increase Owned Vessel utilization. Total Chartering revenue for FY2017 fell by 65% to US$9.3 million, while gross profit fell to US$0.8 million compared to US$3.7 million the previous year. As the industry conditions improve, we are confident to improve the performance of this Division in the coming year.

Additional projects bringing in fee income, including the ship management of a seismic vessel and the provision of additional value added services for our clients, contributed to an increase revenue from other services compare with 2016. For FY2017, Total revenue from Other Services was US$4.7 million, +18% YOY from US$4 million in FY2016. Total Gross Profit amounted to US$1.2 million.

Indirect Expenses and Operating Loss

For FY2017, total Indirect Expenses fell 12% to US$7.7 million as compared to US$ 8.7 million in the previous year. The largest indirect cost, Staff salaries, fell by 15% to US$4.6 million from US$5.3 million, as we sought to maintain a smaller workforce through the industry downturn without having to resort to retrenchments.

For the full year 2017, we recorded an operating loss of US$5.2 million compared to an operating profit of US$4.9 million in the previous year.

Other income and expense

Owing to lower charter rates in 2017 compared to 2016, there was an impairment charge on the value of our fleet in the amount of US$20.0 million compared to an impairment of US$14.3 million the previous financial year. This impairment was taken as the calculation of the fleet is considered on a Fair Value in Use basis. Since we believe charter rates are already at historically low levels, we do not expect further deterioration in charter rates in the coming year.

Our Associated Company also booked an asset impairment during the year, which led to a loss of US$3.2 million in equity in associates for FY2017 compared to a small loss of US$0.08 million in the previous financial year.

The total impact of these adjustments resulted in a net loss before tax of US$38.87 million for FY2017.

EBITDA, Interest expenses and Debt

EBITDA for FY2017 was US$22.3 million, a decline of 32% from US$33 million the previous year, largely due to lower revenues for the year.

Interest expenses were lower at US$7.6 million (-7%YOY) from the repayment of US$19.1 million of Long term bank debt, while total debt repayment of US$26.2 million during the year brought our total interest bearing debt down to US$107.4 million, resulting in our net gearing ratio staying at a conservative 50%.

Net Loss Attributable to Shareholders

For the Full Year 2017, the total net loss attributable to shareholders amounted to US$27.1 million.

Many of the vessels impaired were the newer and higher value vessels which are held in Joint Venture subsidiaries, where Wintermar owns 51%, therefore, the loss attributable to non controlling interest was significant at US$12.8 million.

Industry Outlook

In 2017 the realization that oil prices had bottomed led to a recovery in drilling activity and there were several projects in Indonesia which restarted again. Several large projects in Tangguh, Madura, Djangkrik, together with a jump in Pertamina Hulu Energi's (PHE) drilling program in 2018 provide a basis for more optimism in the oil services sector for the coming year.

Globally, the oil price outlook for 2018 remains robust. Supply is constrained by OPEC's extension of supply cuts until end 2018, generally lower crude oil inventories in the US and a disruption in Venezuelan output due to political issues. Global oil and gas demand however, continues to be buoyed by stronger economic growth, especially in non OECD countries.

Although the US Energy Information Administration is projecting record production of US Shale oil this year, the high capital investment may be a constraint.

In Indonesia, upstream oil and gas capital expenditure for 2018 is targeted at US$17.04 billion compared to a realized expenditure of only US$9.3 billion in 2017, with the government's upstream vehicle, Pertamina Hulu Energi (PHE) driving a lot of the investment.

Strategy

With business activity on the upturn for a few months, there is a huge need to invest in personnel and systems to ensure a high quality of service for our clients. Our innovative marketing efforts have also enabled us to embark on new areas of services like air diving, pipe tailing and subsea pipeline inspection work.

After maintaining a very lean operation for the past three years, management will start to invest in building a robust organization to manage growth with efficiency. Apart from attracting and retaining high quality personnel, management plans to harness better IT systems to manage our vessels more effectively.

In early February 2018, the Company has issued 200 million non pre-emptive shares, raising US$4.9 million as part of the issuance approved at our 2017 Annual General Meeting of Shareholders. The purpose of the fund raising was to provide working capital to facilitate the startup costs of redeploying our vessels to work, while also strengthening our capital structure to prepare for better times.

As fleet utilization is rising, charter rates are unlikely to fall further from this point. However, until the industry as a whole sees a more sustained pick up in contracts awarded, we are not factoring in any rate rises for the rest of the year.

Our marketing strategy has been to expand our range of services provided and to increase the value add to the end client. In a consortium with two other specialist companies, Wintermar is embarking on the Group's first Air Diving project in the form of a 3 year contract to provide offshore inspection, repair and Maintenance services to a major Indonesian oil and gas producer utilizing our DP2 vessel which has been specially modified for the purpose.

Total contracts on hand as at end February 2018 were US$95 million.

About Wintermar Offshore Marine Group

Wintermar Offshore Marine Group (WINS.JK), developed over 40 years with a track record of quality is both a source of pride and a responsibility that we are dedicated to upholding, sails a fleet of more than 70 Offshore Support Vessels ready for long term as well as spot charters, all operated by experienced Indonesian crew and tracked by satellite systems and monitored in real time by shore based Vessel Teams.

In 2011, Wintermar became the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, comprising ISO 9001:2008 (Quality), ISO14001:2004 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visitwww.wintermar.com.

Contact:
Ms. Pek Swan Layanto, CFA
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel: +62-21 530 5201 Ext 401
Email: investor_relations@wintermar.com

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
Indonesia Needs $20 Billion For Tourism Development
 
Investvine, A Company of Inside Investor, Ltd.
Mar 02, 2018
Category:

Indonesia’s initiative to create and promote ten “new Balis” – ten new tourists destinations that could become as popular as the crowded holiday island – would require about $20 billion in investment, the government calculated, hoping for developers from China, Singapore, Thailand and other countries to foot half of the bill.

Plans are to invest in tourism infrastructure in Lake Toba, Tanjung Kelayang, Tanjung Lesung, Kepulauan Seribu & Kota Tua Jakarta, Borobudur, Bromo-Tengger-Semeru, Mandalika, Labuan Bajo, Wakatobi and Morotai.

Indonesia’s ministry of tourism projects that, by 2019, these places will draw ten million additional tourists annually, which would boost the country’s tourism industry of currently four per cent of gross domestic product to 20 per cent by 2019.

According to tourism minister Arief Yahya, around 120,000 hotel rooms, 15,000 restaurants, 100 recreational parks and 100 diving operators will be added to the destinations, said. Other infrastructure will also be built, such as solar facilities as green power sources.

China is projected to be one of its biggest backers, thanks to Indonesia’s participation in China’s Belt and Road Initiative. China also would be among the most important source countries for additional tourists to Indonesia, and special promotion campaigns are planned there.

In 2017, Indonesia welcomed around 14 million foreign visitor arrivals, a new record high and up 21.9 per cent year-on-year from 11.52 million foreign visitor arrivals in the preceding year. However, the country failed to achieve its 2017 target of attracting 15 million foreign tourists, with the main reason being heavy volcanic activity at Bali’s Mount Agung.

This year, Indonesia expects the number of foreign tourist arrivals to increase to 17 million, with a projected revenue of around $16 billion, up from $15 billion last year.

Photo by Artem Beliaikin on Unsplash

 
 
Contact
Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
Telephone
E-mail imran@insideinvestor.com
Website http://investvine.com
11th Edition of Food, Hotel & Tourism Bali Event Sets to Break International Participation Records Amidst Tourism Upturn
 
Mar 01, 2018
Category:
Tags:

BALI, Indonesia, Feb. 28, 2018 /PRNewswire/ -- Reigning as the largest trade event of its kind in East Indonesia, Food, Hotel & Tourism Bali 2018 (FHTBali 2018) returns 1-3 March at the Bali Nusa Dua Convention Centre, Bali, Indonesia. In addition to occupying over 11,203 sqm in space and hosting more than 709 companies from 39 countries, FHTB 2018 organizers also expect the largest international visitor turnout given the most recent pre-registration figures indicating a 20% increase compared to the last edition. Food, Hotel & Tourism Bali 2018 will also play host to several major industry events including the 2018 Indonesia Coffee Events (ICE) competition which acts as Indonesia's finalist barista competition before entering into the World Barista Championship (WBC) alongside the 2018 Salon Culinaire Competition, the 2018 Bali Sommelier Competition, and Retail Indonesia 2018.

In the first quarter of 2017 Indonesia recorded a nearly 20% year-on-year increase in foreign visitors compared to its three neighboring countries of Singapore, Malaysia and Thailand for the same period according to the Central Statistics Agency (BPS). Bali, Indonesia's continuously growing epic-center for culture, recreation and relaxation, alone recorded foreign tourism numbers jumping 42% in just the last two years and welcoming nearly 5.67 million Bali-enthusiasts in 2017 (source: Bali Provincial Government records).

Indonesia credits its sustainability in meeting the demands of growing tourism due to the country's equally robust food & beverage and hospitality economics. "In the third quarter last year, the food and beverages industry grew by 9.46 percent year-on-year, overpassing the country's economy growth. We are confident that the food and beverages industry will grow to more than 8.4 percent in 2018," said Adhi S. Lukman, chairman of the Indonesian Food and Beverages Association (GAPMMI).

Throughout its 11 years reign, Food, Hotel & Tourism Bali exemplified and continues to embody the spirit of economic and entrepreneurial possibility for domestic and international suppliers of the food, hotel and tourism industry looking break into the growing needs and discerning tastes of club, hotel, and restaurant owners, purchasing managers, as well as tour operators, distributors, retailers and wholesalers. Over 709 companies from 39 countries flock to FHTBali biennially and compete to showcase thousands of products and services ranging from the most decadent of European confectionaries, to the most exotic in gourmet seafoods, to the latest in high-tech catering and packaging equipment, to the chicest in hotel and restaurant furniture and furnishings.

"There are many reasons why Food, Hotel & Tourism Bali has remained so strong year after year," said Wiwiek Roberto, Project Director of Pamerindo Indonesia and FHTB. "More companies sign up to exhibit each year because these suppliers slowly discover that our event has the highest concentration of professional buyers traveling from across all regions of Indonesia ranging from areas of East Java such as Bali and Sulawesi Selatan to areas such as far away as Nusa Tenggara Barat and Sumatera Utara. These companies know that tourism development is not just concentrated within Bali but across the archipelago and our exhibition's timing, location, and additional event attractions makes Food, Hotel & Tourism Bali the choice trade fair for professional buyers to make the trip to see and experience the most all at once."

For further information on FHTB 2018, please visithttp://fhtbali.com. Onsite registration from Thursday - Friday :10am - 6 pm and Saturday 10am - 5pm.

Marcom Contact

Leonarita Hutama
Marketing Communication Manager
Email : leonarita@pamerindo.com
T: +(6221) 2525-320

Food Hotel, & Tourism Bali is organised by PT Pamerindo Indonesia which is part of UBM plc.

Source: PT Pamerindo

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Wintermar Offshore (WINS.JK) to Issue 200 Million New Shares
 
JCN Newswire
Feb 05, 2018
Category:

@Rp350 per share to raise Rp 70 billion of new equity

JAKARTA - (ACN Newswire) - PT Wintermar Offshore Marine Tbk will issue 200 million new shares without pre-emptive rights at a price of Rp350 per share in February. This issuance will raise new equity of Rp70 billion and improve the Company's capital structure.

The share issuance represents half of the tranche of 400 million new shares that was approved by shareholders in the Company's EGM in May 2017. As previously informed through Disclosure Information, these shares will be issued to the principal controlling shareholder, PT Wintermarjaya Lestari. The funds will be used for working capital needs and to reduce debt.

Business Outlook

The recent weeks have seen a sustained rise in oil prices, and the Company has benefitted from an increase in activities. This rise in activity requires a higher level of working capital to prepare and mobilize vessels to commence operations. With the start of several new contracts, fleet utilization has risen to 70% in December 2017.

Wintermar has also widened our scope of activities, as seen in the recent successful award of an Air Diving and Sub Sea contract through a consortium with specialists in the field. At the end of December 2017, contracts on hand were US$100million.

Strategy

We will continue to sell our low tier and older vessels to continue our strategy to keep our fleet young, while starting to invest in strengthening our organization through selective hiring. As the market regains momentum, this new injection of equity will provide a reserve of cash for any potential business opportunities.

About Wintermar Offshore Marine Group

Wintermar Offshore Marine Group (WINS.JK), developed over 40 years with a track record of quality is both a source of pride and a responsibility that we are dedicated to upholding, sails a fleet of more than 70 Offshore Support Vessels ready for long term as well as spot charters, all operated by experienced Indonesian crew and tracked by satellite systems and monitored in real time by shore based Vessel Teams.

In 2011, Wintermar became the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, comprising ISO 9001:2008 (Quality), ISO14001:2004 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visitwww.wintermar.com.

Contact:
Ms. Pek Swan Layanto, CFA
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel +62 21 530 5201 Ext 401
Email: investor_relations@wintermar.com

- ASIA TODAY News Global Distribution http://www.AsiaToday.com


 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
Reed Panorama Exhibitions Launch Security, Safety & Facility Management Expo Indonesia
 
Jan 28, 2018
Category:

-Hundreds of Distinguished Brands and Business Players Showcasing Various New Products, Services and Technology devices in Security System in Indonesia to Offer Solutions for all the Problems and Challenges of the Security System in Indonesia

JAKARTA, Indonesia, Jan. 29, 2018 /PRNewswire/ -- Reed Panorama Exhibitions together with the Indonesian Security Systems Industry Association (AISKINDO) officially launched SECURITY, SAFETY & FACILITY MANAGEMENT (SSF) EXPO INDONESIA, the first exhibition and conference in Indonesia dedicated to the security industry. The four-day event will start on March 15, 2018 at the Jakarta Convention Center, open for public from 10 am - 8 pm. SSF Expo Indonesia will take place simultaneously with Megabuild Indonesia and supported by the Association of Indonesian System Intergrator & Security Systems (ASISINDO) and the Indonesian Engineers Association (PII).

SECURITY, SAFETY & FACILITY MANAGEMENT (SSF) EXPO INDONESIA presents a variety of products from leading brands, services and the best security technology at home and abroad. SSF Expo Indonesia is a real step from industry to industry. Reed Panorama Exhibitions together with AISKINDO are continuously active in promoting and strengthening the market of security industry in Indonesia, educating consumers on the latest products and technology.

SSF Expo Indonesia combines showrooms and education to address the needs and challenges of future security system tools in Indonesia. SSF Expo Indonesia is expected to be a forum that brings together business players from distributors, operators to security integrators with users ranging from retail, tourism to building owners.

In Indonesia, the market of security system devices is seeing very promising growth. High public awareness on the importance of security system devices has pushed up the demand for these products and services industry. There are more than 100 companies engaged in the security industry, including distributors, operators and security intergrators. The growth of the retail business, property and tourism industry and the middle class in Indonesia has contributed to the increasing demand for sophisticated products and technology from security system devices.

In addition, the rise of crime and criminal act happenings also encourages the awareness of business actors and the public about the importance of having adequate safety and security system equipment.

Stefanus Ronald Juanto, Chairman of Aiskindo, said, "The security system is very critical and can not be underestimated. The awareness of security systems in a building or dwelling, encouraging us, as an association engaged in the security system to educate and support the implementation of Security Expo, Safety, & Facility Managenet (SSF) Expo Indonesia. Through this exhibition, we hope that business players can share information, communicate, as well as introduce the latest products and technologies to stakeholders, government and users."

Steven Chwee, General Manager of Reed Panorama Exhibitions, said, "Through SSF Expo Indonesia 2018, Reed Panorama Exhibition will actively support the advancement of the security industry in Indonesia. The presence of leading brands in the industry is expected to provide more reference and education to the public about the importance of the security sector, and safety. In addition, we hope this event can be a suitable place to bring business actors together with stakeholders, government and users so that it becomes an annual agenda that must be visited."

On the other hand, Hellen Woon, Project Director of Reed Panorama Exhibitions added that the presence of SSF Expo Indonesia in Megabuild Indonesia is expected to complement the 'Security, Safety and Facilities Management' segment as well as reaching a wider market, making Megabuild Indonesia a one-stop solution for building needs.

Security Conference, Safety & Facility Management Expo Indonesia 2018

Occupying an area of Cendrawasih Room, Jakarta Convention Center, SSF Expo Indonesia will also be equipped with various educational programs in the form of seminars and conferences with "Security Technology Breakthrough" as a theme.

Presenting expert and professional speakers in their field, this event will discuss the latest industry trends, providing technical as well as practical solutions and insight to address current security concerns. This event will be open to the public free of charge.

For property businesses, contractors, architects and building owners looking for security solutions and management facilities, do not miss out on this best opportunity, gain knowledge about new products, services and technologies and exciting offers from exhibitors. Ensure your visit to SSF Expo Indonesia, an exhibition and conference dedicated to the security industry located at JCC - Jakarta.

To facilitate the visitors of SSF Expo Indonesia, and to speed up the registration process, the organizers have opened pre-registration through the websitehttp://www.megabuild.co.id/Preregister/ to get direct access and follow the various activities held during the exhibition.

For further information, please contact:

Hellen Woon
Reed Panorama Exhibitions
O: +6221 25565000
E: hellen.woon@reedpanorama.com

Riyan Haritama
Reed Panorama Exhibitions
O: +6221 25565000
E: riyan.haritama@reedpanorama.com

Source: Reed Panorama Exhibition

- ASIA TODAY News Global Distribution http://www.AsiaToday.com


 
 
Indonesia Hits $1-Trillion GDP Benchmark
 
Investvine, A Company of Inside Investor, Ltd.
Jan 09, 2018
Category:
Tags:

Indonesia, Southeast Asia’s largest economy, for the first time crossed the $1-trillion mark in its GDP revenues, reaching an estimated $1.004 trillion as per the end of 2017.

However, the mood remained subdued as economic growth was likely lower than the 5.2 per cent initially projected for last year, according to figures released by Finance Minister Mulyani Indrawati on January 2.

One of the reasons determined is that tax discipline in the country of some 260 million people remained weak. Despite having the fourth-biggest population in the world, in Indonesia the government manages to collects only little tax from its citizens. Government revenue was 14 per cent of GDP in 2016, lower than that of Indonesia’s regional peers and a key obstacle to faster growth and credit-rating upgrades.

Indrawati said the government needed to strike a balance in chasing its revenue goals, and doesn’t want to increase pressure on companies that are already taking strain because of volatile commodity prices. As a result, overall tax income was $5.9 billion short of its target last year.

She pledged that In the future, the government will improve its tax collection process and coordination between agencies.

Apart from the lower tax take, the government also underspent on its budget, resulting in an estimated fiscal deficit of 2.6 per cent of GDP compared with a previous forecast of 2.9 per cent. The government is mandated to keep the shortfall under 3 per cent of GDP.

Fresh impulses could come from large public infrastructure projects. For example, in Jakarta, a new airport rail connection just went into operation, and the Indonesian government plans to operate airport trains in at least three more cities, namely Padang in West Sumatra, Palembang in South Sumatra and Surakarta in Central Java to ease the notorious traffic gridlocks there.

Apart from that, more public investments are expected in roads and highways, ports, airports, other railways, as well as water supply and power plants.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Contact
Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
Telephone
E-mail imran@insideinvestor.com
Website http://investvine.com
Japanese Enter E-Cash And Online Lending Market In Indonesia
 
Investvine, A Company of Inside Investor, Ltd.
Dec 30, 2017
Category:

Indonesia, a country where millions of people don’t have bank accounts and therefore cannot pay with other means than cash, is stepping up its e-money ambitions. In a latest move, a Japanese lease and finance company, Tokyo Century, entered the market through a partnership with local retail conglomerate Lotte Group in order to develop a digital payment and lending business for the country.

The Japanese invested about 13 billion yen ($115 million) for a roughly 20-per cent stake in an e-cash unit of Lippo Group, whose operations comprise department stores, shopping malls, hospitals and various other businesses.

Lotte Group already made a full-scale entry into the e-cash business in summer his year by launching a smartphone-based service that lets users shop with e-cash and accumulate shopping points. The service, called OVO, is expected to attract 8.5 million users by the end of next year, which seems to have made a business case for Tokyo Century.

Tokyo Century and Lippo Group will also establish a consumer loan joint venture by the end of the current fiscal year through March and work toward developing a new consumer credit business model for Indonesia.

Just around 40 per cent of Indonesians have bank accounts, and fewer than en per cent of them have a credit card.

Tokyo Century aims to create a mechanism that makes it possible to determine OVO users’ creditworthiness through big-data analysis of their e-cash and shopping point usage. The Japanese company aims also to invest in a Lippo Group online shopping unit, gaining a foothold in payments for online retail.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Contact
Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
Telephone
E-mail imran@insideinvestor.com
Website http://investvine.com
Made in Indonesia : Overseas firms are keen to carve out a share of Indonesia’s rising manufacturing sector
 
Dec 27, 2017
Category:

The rapid growth of Indonesia's manufacturing sector – a development buoyed partly by the arrival of several big-name mobile-phone manufacturers and partly by highly supportive central government legislation – has attracted electronics companies across the wider Asia-Pacific region. Indonesia's manufacturing industry grew 5.04 per cent in 2015 – higher than the national economic growth rate of 4.79 per cent.

Nowhere was this more apparent than at the May Inatronics event in Jakarta, Indonesia's only trade show dedicated to the electronics and components industries. Overall, many exhibitors – with the majority of them first-time participants – were keen to expand their operations in the country and find local partners and distributors.

Among this year's first-time exhibitors was AiT Semiconductor, a Taipei-based manufacturer of analogue and mixed-signal integrated circuits. "Indonesia has huge potential for us, largely on account of its rapidly expanding manufacturing sector,” said Product Marketing Director Titan Fanching. “We are keen to look at opportunities here, but first we need to find the right partner."

Overseas Competition

Local partners are not thin on the ground. According to the Indonesian Ministry of Trade, by 2014 the country was already home to 235 electronics and home-appliance manufacturers. Within the next two years, the value of the domestic manufacturing sector is expected to exceed US$20.3 billion. This expansion, however, has not been without drawbacks, with many local businesses unhappy about the influx of overseas companies.

"Competition is very tough right now,” said Baharuddin, a Marketing Supervisor with SolderIndo, an Indonesian manufacturer of soldering products. “This is largely because so many Japanese, Taiwanese, Chinese and Korean electronics manufacturers have entered the market.

"Despite this, I believe that the sheer size of Indonesia's manufacturing sector means that there is enough room for both the new and established electronics companies to thrive. For our part, our point of difference lies in the quality of our products, all of which are on par with the best produced by any of the Japanese companies, while our prices are still a little lower."

Local Manufacturing

Another Indonesian exhibitor looking to find new growth opportunities in the country was DMC Teknologi Indonesia, a subsidiary of DMC, the Tokyo-based touch-screen giant. "Overseas manufacturers looking for touch-screen suppliers will find it easier to do business with us because we are local,” said Henri Hendarmin, DMC's Marketing Manager for Indonesia. “We manufacture here. That is definitely one of our advantages."

Touch-screens are also an integral component of smartphones, another sector that is well-represented in Indonesia. Indeed, the protectionist policies adopted by the Indonesian government have obliged many overseas handset manufacturers to establish manufacturing facilities in the country.

At present, all smartphone importers are legally required to manufacture at least 20 per cent of any imported model in Indonesia. Any company failing to comply runs the risk of having its import license revoked. Prior to the imposition of the requirement in 2013, there was no real phone manufacturing industry in Indonesia. The following year, 15 companies – including Samsung and China's Oppo Electronics – applied to the Industry Ministry for production licenses.

"The Indonesian government is really quite strict when it comes to phone manufacturing,” said Michael Goh, General Manager of Evolution Marketing & Engineering, a Malaysian company specialising in supplying industrial equipment to the electronics sector. “The rule is, if you want to sell mobile phones in Indonesia, you must manufacture in Indonesia.

"It suits us as we sell a variety of equipment to manufacturing companies, particularly in the mobile-phone sector. Our philosophy, which seems to work here, is to sell reliable, high-quality products at a relatively low price."

Focusing on product quality was also the approach taken by Shanghai Anping Static Technology as it seeks to make inroads into the Indonesian static elimination market, an essential requirement for many high-tech manufacturing facilities. "Our products are not cheap as our quality is high,” said James Yu, the company's General Manager. “We are not willing to compromise on product quality just to bring cheap equipment to the market."

With little competition in Indonesia, Mr Yu is optimistic that the company's AP&T brand will be a huge success in the country. "Once people come to realise the importance of eliminating static electricity, I am confident they will start using our products."

Other Promising Sectors

While the majority of exhibitors at Inatronics were focused on the opportunities offered by Indonesia's growing phone-manufacturing sector, there were a number of businesses, such as Singapore's Semiconductor Technologies (SemiTEq), for instance, that targeted Indonesia's medical, oil and gas sectors.

"While we offer a range of measurement tools for the semiconductor and solar sector, we believe our Molecular-Beam Epitaxy [MBE] systems, manufactured in the US by SemiTEq, are the best fit for the Indonesian market," said SemiTEq Director Umasangar Pillai.

In the case of Malaysia's Infinite Power, it was the potential of Indonesia's rail and mining sectors that brought it to Jakarta. "Indonesia's rail and mining sectors are developing rapidly, as is its power sector,” said Senthil Subramaniam, the company's Chief Executive. “Inevitably, we are keen to explore any and all of the opportunities on offer. We are also keen to find local distributors."

Looking to the longer term, Raymond Foo, the Southeast Asia Representative of the Association of Connecting Electronics Industries, the global industry association for printed circuit board and electronics manufacturing service companies, said: "There is a huge market for electronics in Indonesia, as can be deduced from the many manufacturing companies, both overseas and local, that have chosen to operate here,” he said. “Otherwise, you would never get quite so many people attending events like Inatronics."

- ASIA TODAY News Global Distribution http://www.AsiaToday.com