The President Post 29th Edition

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8

Jakarta Wins Best Tourism Province Award

million tourist arrivals for 2012

The Jakarta provincial government has won The Best Province for Tourism Development award during the Indonesia Tourism Award (ITA) 2011 event.

$8.98

The award was in recognition of the Jakarta administration`s hard work and high commitment to developing the capital`s tourism industry, Head of the Jakarta Tourism and Culture Office Arie Budhiman said here on Thursday.

"We must thank God. The achievement belongs to all elements of the tourism sector and all residents of the capital who have turned Jakarta into the best province in developing tourism in Indonesia," he said.

billion foreign exchange earnings projected to reach

Investing heavily in infrastructure will allow us to rapidly develop tourism.”

Mari Elka Pangestu Tourism and Creative Economy Ministry

7.35% increase compared to this year`s growth

Govt Upbeat on RI Tourism T

billion allocated for economic development in eastern Indonesia

On the same occasion, Coordinating Economic Minister Hatta Rajasa said tourism should be further developed because it was an engine for economic growth and one of the most important industries in terms of creating jobs.

“Seven million tourists created jobs for 10.5 million Indonesians last year. This shows the significant impact of the tourism sector on the economy,” Hatta said.

THE ECONOMY

RI Economy Faces Three Challenges in 2012: BI BI as Indonesia's monetary authority, would adopt a policy to maintain resilience and capability so that monetary stability would remain under control.

PAGE A4

Foreign visitors up 8% in Jan-Oct period

BPS reported that 656,000 foreign tourists visited Indonesia in October alone, up 10.32% from the same month last year. Bali remains the top tourist destination, with 244,421 of the October visitors entering the country through Bali's main gateway, Ngurah Rai International Airport.

The ministry is expecting 9.5 million arrivals in 2014 with tourist expenditures reaching $10.93 billion. Based on 2010 World Travel and Tourism Council (WTTC) data, Indonesia’s tourism sector contributed 9.1% to gross domestic product (GDP) and employed 8.9 million people. The WTTC data also showed Indonesia’s investment in the tourism sector rose 4.2% in 2010.

In addition to foreign visitors, the number of domestic tourists was also on the rise due to the increase in people’s buying power, Hatta said, adding that the middle-class in Indonesia was growing annually by between 8 and 9 million people, who were now seeking ways to spend their leisure time.

6.27 million foreign tourists visited Indonesia from January to October this year, an increase of 8.27% compared with the same period last year, the BPS reported recently. The figure, however, represents only 81% of the targeted number of foreign tourist visits in the country as of year-end, which is 7.7 million people. However, Tourism and Creative Economy Ministry spokesman I Gusti Ngurah Putra told the media that the government was optimistic that the target could be reached because November and December were among the peak holiday months.

The government seems resolved to boost the country’s tourism by announcing an allocation of Rp 210 trillion ($23.3 billion) toward economic development in eastern Indonesia. Minister Mari, who is also the coordinator of the master

“From year to year, the trend of foreign tourist arrivals in November and December continues to increase. With stable political conditions and security, 7.7 million tourists will come to Indonesia by the end of the year,” said Putra.

In a related development, the chairman of the Indonesian chapter of the Pacific Asia Travel Association (PATA), SD Darmono, hailed the government’s strong determination to bolster tourism and expressed his optimism that next year’s target would be achieved.

“I am sure Minister Mari will do a good job in taking our tourism off the ground,” he said.

To be sure, Darmono is a major player in developing the country’s tourism. He has a vision to develop 100 top tourism sites around the country, starting with Borobudur in East Java and Tanjung Lesung in West Java.

He is set to reshape the tourism industry as chairman of PT Taman Wisata Candi, Borobudur, Prambanan and Ratu Boko, the state-owned company in charge of managing the land around the fa-

Seven million tourists created jobs for 10.5 million Indonesians last year. This shows the significant impact of the tourism sector on the economy.”

Hatta Rajasa Coordinating Economic Minister

AROUND JABABEKA

The 3rd Jababeka International Cultural Festival Opens to Promote Better Understanding This year’s theme is “The Power of Culture”.

PAGE A6

plan to accelerate development in the country’s Economic Corridor V (Bali and Nusa Tenggara), said that the money would be spent on 136 projects in the area. The tourism sector, which Mari singled out as a main driver for growth in eastern Indonesia, would receive 28% of the investment, she said, mainly through infrastructure projects.

“Investing heavily in infrastructure will allow us to rapidly develop tourism,” Mari said, adding that “apart from Bali, another tourism magnet in the area is East Nusa Tenggara’s Komodo Island,” Mari said.

BUSINESS

"The award is part of a step to appreciate regional governments' effort in developing tourism industry as well as in promoting tourism operators in their respective region."

$23.3

JAKARTA (TPP) – The Tourism and Creative Economy Ministry has set the target of tourist arrivals for 2012 at 8 million, with foreign exchange earnings projected to reach $8.98 billion.

The figure represented a 7.35% increase compared to this year`s, Tourism and Creative Economy Ministry Mari Elka Pangestu said here on Friday. However, the growth in terms of arrivals will slow down next year as many visitors from Europe may cancel their trips to the country due to the region’s economic problems.

“Next year’s growth target is not as high as this year’s as we have learned from the global financial crisis in 2008,” Mari told the media on the sidelines of The National Tourism Conference at the Sahid Hotel here last week.

Foreign tourist arrivals only grew 1.43% in 2009 to 6.32 million people due to the 2008 economic downturn, according to the state-run statitics body BPS. Foreign tourist expenditure also dropped from $7.35 billion in 2008 to $6.3 billion in 2009.

“However, we are optimistic that we will still attract more tourists to Indonesia next year, but the length of their stays will likely be shorter with less spending,” she said.

IDR 20,000

2011 REVIEW

Minister Gives High Marks to Garuda, Bank Mandiri, BRI

2011 Moments to Remember

Dahlan Iskan has praised the boards of directors for being able to bring about a transformation in their corporate businesses amid the global economic crisis.

PAGE B1

What will 2011 be remembered for? Several events that happened in 2011 continue to remain topics of conversation among Indonesians.

PAGE C1

mous heritage sites in East Java.

“We want to use Borobudur as the icon of Indonesia to promote the spiritual wealth of the nation,” he says in an interview recently.

“Once people visit Borobudur on a large scale, Indonesia will be seen as a tolerant nation and this in turn will promote investments.”

His goal is to create 100 such destinations across the country so as to attract 20 million visitors a year by 2020. As part of this program he is set to make Jakarta the gateway for tourism in the country.

Based on 2010 World Travel and Tourism Council (WTTC) data, Indonesia’s tourism sector contributed 9.1% to gross domestic product (GDP) and employed 8.9 million people.

He recently acquired 1,340 hectares for Rp1.5 trillion in Tanjung Lesung, West Java. Located next to the Ujong Kulong National Park, Tanjung Lesung has long been the seaside playground for Jakartans seeking some sun and sea. “I am building a township that is similar to Sentosa in Singapore,” says Darmono.“It will have a golf course, a marina, ho-

tels and resorts as well as major tourist attractions.”

With visionary players like Darmono and government officials like Mari on hand, one can readily expect the country’s tourism to really take off and claim its rightful place in the major league.

The event was held annually by the Tourism and Creative Economy Ministry in cooperation with SWA magazine, he said.

"The award is part of a step to appreciate regional governments` effort in developing tourism industry as well as in promoting tourism operators in their respective region," he said.

The award was based on the results of a survey conducted on a number of cities/districts selected based on the amount of budget funds allocated to the tourism sector as well as on the outcome of focus group discussion (FGD) organized by the magazine`s editorial team.

The survey was conducted to choose the best district/city in terms of tourism service, favorite tourist destination city, favorite tourist site, and the best tourism supporting industries divided into nine sub-categories, namely nonstar hotel, star-rated hotel, airline, travel agent, taxi, restaurant, golf court, spa and mall.

Garuda Indonesia, Jababeka Enter Into Corporate Sales Partnership PT Garuda Indonesia and PT Jababeka on Friday signed a Memorandum of Understanding (MOU) on corporate sales.

Both sides were represented

by President Director/CEO of Garuda Indonesia Emirsyah Satar and President Director of PT Jababeka SD Darmono at the President Executive Club, Jababeka, Cikarang.

The agreement allows all employees of PT Jababeka and the industrial park’s tenants and their families to fly with Garuda Indonesia, on both domestic and international routes, at special prices. They are also eligible to enjoy special services in the form of corporate special fares, priority reservations, and city check-in.

These services include not only for official travel, but also for personal travel for Jababeka employees and their families.

"As the number of tenants is over 1,500 local and international companies, PT Jababeka is a very promising market for Garuda Indonesia," said Emirsyah in Jababeka.

Meanwhile, SD Darmono said that there are 600,000 employees from 30 countries in Jababeka. Jababeka has also forged an alliance with seven other regions and the so-called International Zone (Zoni) with a central meeting in the Pres-

PT Garuda Indonesia and PT Jababeka on Friday signed a Memorandum of Understanding (MOU) on corporate sales. Both sides were represented by President Director/CEO of Garuda Indonesia Emirsyah Satar and President Director of PT Jababeka SD Darmono at the President Executive Club, Jababeka, Cikarang.

ident Executive Club. He added that Jababeka also plans to open a flight school with international standards in the form of a ground school at the President University on April 2012.

He also expressed his delight with the cooperation between Garuda Indonesia and the Jababeka.

"With this cooperation, Jababeka tenants and employees and their families are assured of enjoyable business and travel trips."

SD Darmono further said that "It would be very helpful if Garuda provides helicopter services, because the Cikarang-Cengkareng distance requires at least two hours’ of travel time because of the traffic." He also hopes to see Garuda to establish a branch of-

fice and a check-in service in Jababeka.

In his reply, Emirsyah said "we plan to open many branch offices early next year, one of which is in Jababeka if we can get a prime spot. We are also keen to build a hotel through our subsidiary, Aerotel, in Jababeka. We also are planning to organize helicopter services, with a helipad placed in the middle of Jakarta. We also plan one to cover the CikarangCengkareng route and are still seeking a flight zone license".

So far Garuda has corporate sales partnerships with more than 1,400 major companies in Indonesia with a total revenue of nearly Rp 1.5 trillion.

The President Post

A2 November 12, 2011

www.thepresidentpost.com

Opinion Emerging Indonesia: Reaching The Take-Off Stage Indonesia’s GDP growth By Atmono Suryo is the third highest in Asia, after China and ECONOMY India, and is the highest EMERGING As we are nearing in ASEAN. Showing high the end of a precarconsumer confidence ious year and entering into another posand relative strength sible turbulent year, it of its foreign economic would be appropriate relations aspects and its to have a quick look at the Indonational currency, the nesian economy in these difficult Rupiah, Indonesia is one times, especially how Indonesia, of the high achievers in as an important emerging counAsia’s stock markets, try, stands in the global economy. should be aware, howevreflecting strong er,One that in making such a quick international market look one would be confronted confidence during 2010- with a high number of controver2011. sial issues and views. Large seg-

and India, and is the highest in ASEAN. Showing high consumer confidence and relative strength of its foreign economic relations aspects and its national currency, the Rupiah, Indonesia is one of the high achievers in Asia’s stock markets, reflecting strong international market confidence during 2010-2011.

After many years of waiting, investors are no more sitting on the fence. They are now coming in with confidence. The door is opening up wide open for increased foreign direct investment (FDI)) which the country needs.

A

ENCOURAGING PROSPECTS

ments of the Indonesian community have their pessimistic views on the economic situation of the country, while smaller groups and the international world look at Indonesia as a country making remarkable progress. They look at Indonesia in a positive way: as an emerging country with great potentials.

One would also detect that differences also happen between the various segments of the economy and between internal and external developments of the country’s economy.

As to the internal aspects of the economy, one gets the impression that the country is facing a socalled “wooly situation”. Or as people would say in Indonesian “negara sedang menghadapi benang kusut”, as no one seems to know how the country could get out of such a messy situation.

INDONESIA IN THE GLOBAL ECONOMY

Looking at the positive aspects of the Indonesian economy, the country is rated as one of the key countries of the “Emerging Economies”, countries which cover a large part of the world that will play a vital role in the developments of the global economy (figure 1).

Apparently the biggest part of the African continent and parts of West Asia are still considered as the “under-developed “ part of the global economy.

Emerging Economies

Among the many developing and emerging countries Indonesia is internationally recognized by international banks and a high number of analysts as one of the “Top 10 Emerging Economies” in the world,.composed of the World Bank as China, India, South Korea, Indonesia, Brazil, Mexico, Argentina, Russia, Turkey and South Africa.

The following data compiled by the international bank BBVA shows the GDP ppp in trillions of $ for 10 emerging countries, which includes Indonesia. compared to seven advanced countries for the year 2010 (figure 2).

It is expected that East Asia, with China and India in the lead, will be the most important region in the global economy. As stated

by IMF’s Anoop Singh, the head of the Asia and Pacific Department, Asia is set to become an increasingly important engine of growth in the future for the global economy. It means that it would also include Indonesia.

World Largest Economies

According to the World Bank Indonesia belongs to the 20 largest economies in the world. It now ranks 16th in the group of 20 advanced and developing countries (figure 3).

Some current predictions state that Indonesia will be among the ten largest countries, while others forecast that the country will be among the richest countries in the world in one or two decades.

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Emerging Economies

Figure 1. Indonesia in the Global Economy. Indonesia is rated as one of the key countries of the “Emerging Economies”, countries which cover a large part of the world that will play a vital role in the developments of the global economy.

Figure 4. Project real growth in GDP and income per capita: 2005-50 (%pa)

Figure 2. Gross Domestic Product (USD PPP 2010, in trllions, Constant Prices) Annual CDP Growth (%) 2010 - 21

Incremental GDP 2010 - 2011

Contribution to Global Growth (%) 2010 - 2011

China

8.7

12.6

30.2

India

6.9

3.6

8.5

Brazil

4.5

1.1

2.7

Indonesia

6.7

0.9

2.3

Korea

4.4

0.7

1.6

Russia

2.6

0.6

1.4

Mexico

3.1

0.5

1.2

Egypt

6.2

0.4

1.0

Taiwan

4.7

0.4

1.0

Turkey

4.1

0.4

1.0

EAGLEs

6.4

21.3

51.1

Japan

1.7

0.7

1.7

Germany

1.6

0.4

1.7

United Kingdom

1.8

0.4

1.0

Canada

2.4

0.3

0.8

France

1.5

0.3

0.8

Italy

0.9

0.2

0.4

G6

1.5

2.4

5.8

United States

2.3

3.6

8.7

G7

1.9

6.0

14.4

World

4.6

41.7

Country

Figure 3. World Largest Economies Economy

GDP in domestic currency or at PPPs

Population

GDP per capita at PPPs

India

7.6

5.2

0.8

4.3

Indonesia

7.3

4.8

0.6

4.2

China

6.3

3.9

0.1

3.8

Turkey

5.6

4.2

0.7

3.4

Brazil

5.4

3.9

0.7

3.2

Mexico

4.8

3.9

0.6

3.3

Russia

4.6

2.7

-0.5

3.3

S. Korea

3.3

2.4

-0.1

2.6

Canada

2.6

2.6

0.6

1.9

Australia

2.6

2.7

0.7

2.0

US

2.4

2.4

0.6

1.8

Spain

2.3

2.2

0.0

2.2

UK

1.9

2.2

0.3

2.0

France

1.9

2.2

0.1

2.1

Italy

1.5

1.6

-0.3

1.9

Germany

1.5

1.8

-0.1

1.9

Japan

1.2

1.6

-0.3

1.9

Source: PricewaterhouseCoopers GDP growth estimates (rounded to nearest 0.1%), population growth projections from the UN

Source: BBVA Research (November 2010 Forecast)

Rank

GDP in US$ terms

Country

(millions of international dollars)

1

United States

2

China

14,204,322 7,903,235

3

Japan

4,354,550

4

India

3,388,473

5

Germany

2,925,220

6

Russian Federation

2,288,446

7

United Kingdom

2,176,263

8

France

2,112,426

9

Brazil

1,976,632

10

Italy

1,840,902

11

Mexico

1,541,584

12

Spain

1,456,103

13

Korea, Rep.

1,358,037

14

Canada

1,213,991

15

Turkey

1,028,897

16

Indonesia

907,264

17

Iran, Islamic Rep.

839,438

18

Australia

762,559

19

Poland

671,927

20

Netherlands

671,693

There is enough evidence that in terms of macroeconomic growth, Indonesia has moved on the right track.

Indonesia has now to proof and make firm commitments that economically it will continue to move in the right direction.

Figure 5. Indonesia as a Rising Star

Source: World Bank, 2008

All these predictions give high marks to Indonesia, but it is a pity that internally the prevailing mood and spirit is the other way around.

REVITALIZED ECONOMY

In terms of economics, Indonesia has gone through a most devastating period as a result of the

Asian Financial Crisis of 1997/98.

It took the country more than 5 years to recuperate. In addition, it has gone through a most trying “reform period”, lasting almost 10 years. It has come out of its economic reform armed with added strength.

During the world crisis of 200809 the Indonesian economy has

PUBLISHED BY PT Sarana Pratama Pengembangan Kota ADVISOR Ali Basyah Suryo

LAYOUT & DESIGN Mohamad Akmal

CEO & EDITOR IN CHIEF Rachmat Wirasena

PHOTOGRAPHER Nandi Nanti

CONTRIBUTORS Atmono Suryo Cyrillus Harinowo Hadiwerdoyo Thomas W. Shreve Jeannifer Filly Sumayku Eka Putri

HEAD OF MARKETING Detia H. Rais

EDITORIAL & CIRCULATION DEPARTMENT Srimay Noviani

HEAD OF SALES Erni Imansyah WEB DEPARTMENT Reza Ganesha Partakusuma

Source: BBVA

proven to be robust. The country is one of the least affected countries in that global financial crisis.

Because of its resilience and its economic fundamentals, it is considered as a country with a revitalized economy.

BBVA economists are of the opinion that Indonesia is set to fly as an eagle. This is a most inspiring assessment on Indonesia, notwithstanding the many shortcomings the country is still facing, including the question of national leadership, morals, law and order and many other sensitive issues.

Indonesia’s GDP growth is the third highest in Asia, after China

There is enough evidence that in terms of macro-economic growth, Indonesia has moved on the right track. Indonesia has now to proof and make firm commitments that economically it will continue to move in the right direction, to give high priority to cope and resolve many pending issues, including poverty and unemployment, to further strengthen the entire economy, and that it has the capacity and the political will to become one of the key countries in the global economy as expected by the world community.

The following data shows the encouraging prospects of real growth in GDP and income per capita for the years 2005-50 compared to other developed and developing countries (figure 4).

TAKE OFF STAGE

Having reached such a comfortable position in the global economy, the question is whether Indonesia is really ready to enter into the “Take-off Stage” to become one of the key economies in the global economy.

For the many positive-inclined observers it sounds quite reasonable to consider Indonesia as a rising star (figure 5).

• Indonesia’s external economic relations are basically in good shape, including the increasing trend in FDI. This should also become another engine of growth to beef up the internal economic sectors for the good and welfare of the ordinary people • Without going into the details on exact numbers, the following upward trend in GDP growth should just symbolize and inspire the whole Indonesian community where the country should be going • The trend to go up as a rising star into a real Take-off Stage, and not to stagnate, be distracted or sidelined by the downward (non-economic, social-political) pressures prevailing in the society).

The writer is former ambassador to the EU

The President Post

www.thepresidentpost.com

November 12, 2011 A3

The Region Big Challenge to East Asia East Asia’s biggest challenge is that the world expects Asia to become the locomotive which can pull the global economy out of the recession towards global growth.

By Atmono Suryo

D

EAST ASIA ECONOMY

During the current world financial crisis it becomes increasingly evident that the global economy would require a larger involvement of the developing countries. Also, the greater role of the emerging countries to support and sustain the development and growth of the global economy.

The developing countries comprising of low to middle income economies constitute approximately 80% of the global population but represent only a small part (about 20%) of the world’s economy.

Asia

A large part of the developing countries are located in Asia, known before as a huge underdeveloped or least-developed area crowded with millions of poor under-nourished people with an wartorn economy in shambles.

All that has changed in a relatively short period of a few decades. Today, the Asian profile is “Amazing Asia”.

It is recognized by the world economic community that Asia and in particular East Asia has

Figure 1. Economy of Asia (During 2008 unless otherwise stated)

Figure 2. East and South Asia: Rates of Growth of Real GDP, 2007 - 2012

Figure 3. Share of Global GDP PPP (%)

Population

Annual percentage change

Region

4 billion (60% of the world)

GDP (PPP) (US$):

1950

1960

1970

1980

1990

2000

2007

2008

2009

2010

2011

2012

West Asia (15 economies)

2.0

2.3

3.0

3.8

3.4

3.7

East and South Asia

9.3

6.2

5.1

8.4

7.1

7.3

East Europe (7 economies)

3.5

3.6

3.4

3.4

2.4

2.0

East Asia

9.6

6.4

4.9

8.8

7.2

7.4

Africa (57 economies)

3.8

3.6

3.6

3.6

3.3

3.2

Brunei Darussalam

0.2

-1.9

-0.5

1.2

1.3

1.5

China

13.0

9.6

9.1

10.1

8.9

9.0

Latin America & Caribbean (47 economies)

7.8

8.1

8.3

9.8

8.3

8.4

US$24.077 trillion (2010)

Nominal GDP (Currency) (US$):

$16.774 trillion (2010)

GDP/capita (PPP) (US$):

$7,041 (2009)

GDP/capita (Currency) (US$):

$4,629 (2009)

Annual growth of per capita GDP:

7.9% (2010)

Income of top 10%: Millionaires (US$)

3 million (0.06%)

Unemployment:

3.8% (2010 est.)

Hong Kong SAR

6.4

2.2

-2.8

6.5

4.4

4.6

East Asia (10 economies)

10.4

12.6

15.2

17.5

22.5

26.5

Indonesia

6.3

6.0

4.5

6.1

6.2

6.4

Rest of the World

64.4

61.9

58.5

53.3

50.7

45.4

Malaysia

6.5

4.7

-1.7

7.1

5.0

5.3

Myanmar

11.9

3.6

1.3

5.0

4.7

5.1

Estimated female income:

Papua New Guinea

7.2

6.7

4.5

6.2

6.7

7.0

*Most numbers are from the IMF. All GDP figures are in US$

Philippines

7.1

3.7

1.1

6.8

4.6

5.1

Source: Wikipedia, the free encyclopedia

grown to become the largest and the fastest growing economic region in the world. The macroeconomic, financial and corporate sector reforms put in place over the last decade in East Asia have played an important role in the regions’ resilience.

According to Wikipedia, the GDP per capita of Asia has soared to reach the incredible level of $7,041 (Figure 1).

It also mentioned that the income of the top 10% of the population reaches the amount of $3 million.

The economy of Asia as a whole is a huge one, with a population of 4 billion people or 60% of the world, living in 46 different states, with China as the largest one.

With an Asian GDP of $24.077 trillion, the wealth of Asia differs widely between and within states.

There is a huge range of differing economies, different cultures, environments and different government and political systems. This makes it extremely hard to develop Asia as a whole. It must be done in stages.

Seen from the positive side, Asia has the potential to become an increasingly important global engine of growth in the future.

Presently, Asia is already gives its contribution to lead the world out of the worst recession, in over half a century.

EAST ASIA’S BIG CHALLENGE: TO BECOME THE NEW GLOBAL ECONOMIC POWERHOUSE

East Asia’s big challenge is twofold: a) To develop and modernize the economies of Asia b) To become the new global economic powerhouse and play a more leading role alongside the more advanced countries of North America and Europe.

The largest economies in Asia in terms of nominal GDP are located in East Asia, with China in the lead followed by Japan, India, South Korea and Indonesia. East Asia is a region which has attracted world attention on account of their amazing developments, particularly China and India.

One can only say that it is a region on the move with amazing speed. Yet it is happening in

Republic of Korea

5.1

2.3

0.2

6.2

4.5

4.7

Singapore

8.5

1.8

-1.3

13.5

4.6

5.0

Taiwan Province of China

6.0

0.7

-1.9

9.0

4.5

4.9

Thailand

4.9

2.5

-2.2

7.3

4.8

5.1

Vietnam

8.5

6.3

5.3

6.6

6.8

7.0

A senior economist of the IMF predicts that by 2030, Asia’s economy will be larger than that of the United States and the European Union. The region’s share of world GDP will swell from around 30% to more than 40%. a global economic environment which is limping with full of uncertainties.

East Asia’s biggest challenge is that the world expects Asia to become the locomotive which can pull the global economy out of the recession towards global growth.

It is the East Asia region which constitutes the main pillar of the large Asian economy, an economy of enormous size, differing economies and stages of development with different cultures, historical ties, and government systems.

East Asia’s growth reached the high figure of 8.8% growth in 2010, but is expected to decline in

2011 and increase again in 2012.

According to the World Bank the high growth countries in 2012 are China, Vietnam, Indonesia and Papua New Guinea (figure 2).

The question is, what are the chances for East Asia to become a new global economic powerhouse, in addition to the existing ones Such as the BRIC countries, with Brazil in Latin America together with Mexico and Russia in the Eastern part of Europe?

For the year 2000 East Asia is rated as the region with the largest share of Global GDP (figure 3).

PREDICTIONS

As mentioned in the media, a senior economist of the IMF pre-

dicts that by 2030, Asia’s economy will be larger than that of the United States and the European Union. The region’s share of world GDP will swell from around 30% to more than 40%.

It is also predicted that developing countries as a whole are set to account for nearly 60% of world GDP by 2030. With the growth of other developing countries, economic interactions between East Asia and other developing countries in Latin America and other regions will increase accordingly

•

•

•

East Asia Proactive Role

East Asia is being challenged to play a more pro-active role in the global economy. Looking it from the positive side one can observe that East Asia has the economic potentials to play such a role, which includes the following: • In terms of growth East Asia is considered as the fastest growing region in the world; presently with China, India and Indonesia (with the ASEAN countries) in the lead • Countries with high growth includes, among others, China, India, South Korea, Taiwan, Indonesia, Vietnam, Malaysia, and Singapore • These countries are identified as among the world’s growth

•

leading emerging countries and have the potentials to contribute to global growth in the area of trade, services, investment and finance East Asia has its vast natural resources in the area of energy and mining, agriculture and marine resources and forestry Asian multinational companies are coming up at an amazing rate; capturing international markets East Asia has the capacity towards a more self-sustaining economy; but its priority is to be fully integrated to the global economy Intra-regional trade is increasing to 54% (compared to 46% for NAFTA and 64% for the EU) and is expected to increase

As it now stands it is only Indonesia with the other ASEAN countries which can assume the coordinating and unifying force in East Asia to develop the required mechanism, to work out the strategies, to promote integration and to enable East Asia to play the role as one of the important global economic powerhouses in the decades to come.

The writer is former ambassador to the EU

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A4 November 12, 2011

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The Economy ECONOMIC UPDATES Revenue from Import Duties Exceeds Target Realization of the country`s revenue collection from import duties up to November 10 this year has exceeded the target for the period reaching Rp21.03 trillion, or 100.15%, data show.

Data at the Directorate General of Customs and Excise of the Ministry of Finance showed on Friday that the import duty target set in the revised 2011 state budget was Rp21.50 trillion.

Revenues from the customs duties were targeted at Rp68.08 trillion while receipts from export taxes were set at Rp25.44 trillion. The realization of export tax receipts up to November 10 was noted at Rp24.88 trillion or 97% of the target.

The realization of customs duties up to November 10, was 62.99 trillion, or about 92.55%.

RI Economy Faces Three Challenges in 2012: BI BI as Indonesia`s monetary authority, would adopt a policy to maintain resilience and capability so that monetary stability would remain under control. The central bank would also apply a financial system to support sustainable economic growth.

I

Indonesia`s industrial growth in the third quarter of 2011 was recorded at 6.98% or in excess of the country`s economic growth at 6.54%, an industry ministry official said.

The industrial growth figure was the aggregate of a 6.58% growth in processing industries and a 1.67% growth in the oil and gas industry, said Ansari Bukhari, secretary general of the Industry Ministry here on Thursday.

Ansari said most of the industrial growth had happened in the production of metals, iron and steel, transportation equipment, machinery, and industrial equipment besides textiles , leather goods, and footwear.

Indonesia should take steps to anticipate three crucial conditions and challenges the national economy will meet in 2012, the central bank (BI) governor said.

BI Governor Darmin Nasution said at the House of Representatives (DPR) here on Tuesday the first challenge the country`s economy would face next year was the possible impact of a worsening of the United States and European financial crisis.

Indonesia must anticipate the implications of global economic downturns for its economic growth, he said. "The second challenge is the big volume of capital inflow while there are disparities in the policies of the advanced and developing countries," he said.

In the first semester of 2011 two industry groups dominated the growth figure, namely the base metal, iron and steel industries group and the textile, leather goods and footwear industry group which recorded growth rates of 16.88% and 9.22%, respectively.

At the same time, the transportation, machinery, and equipment industry group grew only 6.58% and the food, beverages and tobacco group 6.73%. "The increase in industrial growth in the third quarter compared to same period last year was spurred by growth in new investment and expansion," Ansari said.

In 2011, PT Astra Daihatsu Motor (ADM) increased its automotive plant capacity, and a South Korean based company was planning to build a petrochemical industry in Cilegon as part of the previous plant expansion investment.

"The South Korean industry which is running under Lotte Group is still waiting for the 60 hectares of land request is granted in Cilegon industrial area," he said.

Ansari is optimistic with the improving national economy condition would attract that foreign investment. "The improvements of infrastructure readiness and procurement would also attract foreign investors to Indonesia," Ansari said.

BI as Indonesia`s monetary authority, Darmin said, would adopt a policy to maintain resilience and capability so that monetary stability would remain under control.

The central bank would also apply a financial system to support sustainable economic growth. "This is the first challenge," he said.

Darmin said the direction of BI`s policy next year was to maintain economic stability and growth amid global economic challenges.

In order to support the policy, BI had set strategic targets such as maintaining the stability of the

Director General of Customs and Excise Agung Kuswandono expressed his optimism on Thursday that the customs and excise duty receipt targets in 2011 would be achieved. "We are convinced that the customs and excise revenue target would be achieved at the end of November," he said.

Agung said that the revenue target of his directorate general in 2012 was relatively high. In the 2012 state budget, the government and the House set a customs and excise receipts at Rp114.88 trillion.

RI's Industry Grew Faster Than Economy in Q3

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BI Governor Darmin Nasution

"The first challenge the country`s economy would face next year was the possible impact of a worsening of the United States and European financial crisis." rupiah`s exchange rate, effective monetary policy and guarantee safe, efficient and sound financial system as well as an efficient, smooth and safe payment system, the BI governor said.

Impact of Global Crisis in 2012

Meanwhile, Bank Indonesia believes Indonesia will begin to feel the impact of the current global crisis only in 2012, its spokesman said.

Perry Warjiyo, director of BI`s directorate of economic research and monetary policies, said here on Tuesday the impact of the global crisis was actually already be-

ing felt in the financial sector but not as yet in the real sector. He said the global economic slowdown would certainly affect Indonesia but it would be felt stronger next year.

"BI predicts our economy will grow 6.5% this year. We have revised it down from initially 6.6%," he said. BI meanwhile has also revised down its prediction for 2012 from 6.7% to 6.5%. Perry saw several sectors would support the country`s economic growth such as trade, telecommunication and natural resources.

Until the third quarter of 2011 there has been an outflow of capital totaling $4.7 billion from shares, bonds and state securities. Perry however believed in the fourt quarter capital would flow in again through "foreign direct investment."

He said total foreign direct investment last year reached $13.3 billion and until the third quarter of 2011 the figures are $14.7 billion. "By the end of 2011 BI predicts total foreign direct investment will reach $16 billion," he said.

BI lso believes the country`s rupiah currency would also remain stable with the inflation rate by the end of this year predicted to reach 4.0% while next year`s rate at 4.7%.

Bank Indonesia believes Indonesia will begin to feel the impact of the current global crisis only in 2012

The President Post

www.thepresidentpost.com

November 12, 2011 A5

The Economy Govt Ready to Maintain 2012 Economic Growth www.mediaindonesia.com

The strong economic growth of Indonesia was supported by high consumption and investment

T

The government is optimistic that the country`s economic growth can be kept at 6.7% in accordance with the 2012 state budget macro assumptions, Deputy Finance Minister Anny Ratnawati said here on Thursday.

Anny said the government would not allow the economic growth to go down but continue to maintain it at the desired level. "We will continue to maintain our economic growth at the desired level, although it is predicted to edge up from 6.3-6.4%," Anni said referring to Economic Outlook 2012.

According to her, the government also had the policies in terms of capital spending and the acceleration of capital spending in 2012. Anny said that with its experience in facing the crisis in 1998 and 2008, the government was ready to face the current global crisis.

Meanwhile, Bank Indonesia Director for Research and Monetary Policy, Sukowati, said in Batam, Riau Islands, recently that Indonesia`s economic growth up to the end of 2011 was predicted to reach 6.6%. He said that

Deputy Finance Minister Anny Ratnawati

We will continue to maintain our economic growth at the desired level, although it is predicted to edge up from 6.3-6.4%."

Indonesia`s economy would still grow steadily amid uncertainties in global economic developments.

The strong economic growth of Indonesia was supported by high consumption and investment, he said. Sukowati said that investment remained high in Indonesia due to a perception that its economic fundamentals remain strong and its investment climate is improving.

Indonesia`s domestic economy is supported by processing industries, trade, hotels, restaurants, transportation and communication.

The President Post/Nandi Nanti

BI also predicted that Indonesia`s fourth quarter economic growth would reach 6.7%.

"The impact of the global economic turmoil in 2011 has not yet affected Indonesia`s economy," Sukowati said.

He said that the country`s economy in 2012 was predicted to grow within a range of 6.2% to 6.7%.

Therefore, the deputy finance minister said the Indonesia`s economy in 2012 would remain prospective and well-maintained, and that the government and the people should keep that momentum.

Banten to Have Petrochemical Industrial Development Center Banten province in 2012 will have a national petrochemical industrial study and development center or national petrochemical center of excellence in the Banten Provincial Administration Center.

Head of the Banten industrial and trade agency Hudaya Latuconsina said here Friday the national petrochemical industrial study and development center is a program of the trade ministry with funding from the state budget amounting to Rp20 billion for its construction, but the land for its construction would have to be sought by the Banten provincial administration.

"Banten had been chosen as one of the three areas for the project, because Banten has so many petrochemical industrial companies," Hudaya said.

He said under the engineering design and Feasibility Study, the most suitable location for the

Head of the Banten Industrial and Trade Agency Hudaya Latuconsina

construction of the petrochemical industrial study center is Banten provincial administration center because of its strategic location and located Banten provincial administration in Serang town while the land had to be provided to the extent of at least 6,000 square meters.

"The application for it land had already been submitted to the Banten Governor of the trade ministry, only awaiting the governor`s

Banten had been chosen as one of the three areas for the project, because Banten has so many petrochemical industrial companies." approval," Hudaya said.

The project will later become a national petrochemical industrial information and research development center and a center of petrochemical industrial experts in the study and workshop related to the petrochemical industry.

Hudaya said in Banten there are some 35 petrochemical industry supporting companies and a big petrochemical industry namely PT Chandra Asri in Cilegon.

Minister Calls on Developing Five Energy Sectors www.mediaindonesia.com

The government should develop five energy sectors in order to build its national energy resilience, namely gas, geothermal, solar power generators, coal and nuclear, a minister said.

"The five aspects will be able to fulfill the country`s energy resilience in the long run if they are developed based on the government`s general energy principles." State Enterprises Minister Dahlan Iskan told a national seminar on national energy policy and sovereignty towards national energy resilience here on Monday.

Dahlan said that the government should change its pattern of fuel oils (BBM) consumption because the oil production continued to drop while gas production continued to increase.

In such a current condition, commercial vehicles should

State Enterprises Minister Dahlan Iskan

no longer use fuel oils but compressed natural gas (CNG), or electricity. "Trucks must be directed to using CNG while motorcycles to using electricity energy," the minister said.

Apart from that, Dahlan who is also a former president director of state-owned electricity firm PLN, said in order to overcome the

PROPERTY GROWTH: Coldwell Banker Commercial projects sales growth of rental and sell rates to be high in each property sector at Jakarta in 2011, better than in 2010 as the growth of property market in 2011 is in line with the nation’s economic growth.

shortage of power supply during the peak burden the gas allocation for PLN should be increased.

He said that in order to overcome problem of high power demand during the peak burden, PLN was now building mini CNGs throughout Indonesia and was now in trial test in Jambi.

“RI Banks Able to Withstand Crisis�

Indonesian banks will be quite able to withstand the impact of the financial crisis in Europe and the United States because of their good performance, a central bank official said.

"The European financial crisis will not affect the performance of national banks. In liquidity terms, national banks` liquidity exposure to European and United States banks

amounts to only about Rp100 trillion which is not too big compared with their overall assets," Bank Indonesia (BI/central bank`s) Deputy Governor Muliaman D Hadad said here on Monday.

He said that the results of a stress test carried out by BI showed that the impact of the financial crisis in Europe and the United States on national banks was very small. After all, banks`

assets, capital and credit commitment were still running well.

"We have carries out a test to see what will happen if the crisis spreads to all European countries. It turned out the impact on national banks` capital will be small," he said.

However, he said, Indonesia had to remain alert to the crisis` psychological aspect because if it dragged on as it could affect na-

tional economic growth.

Muliaman said that what needed to be monitored was the condition of individual banks if they experienced internal problems when the global economic crisis had not yet improved like nowadays. "We have to systematically monitor banks one by one to ensure assure that it would not create a problem for the industry," he said.

The President Post

A6 November 12, 2011

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Around Jababeka The 3rd Jababeka International Cultural Festival Opens to Promote Better Understanding Jababeka International Cultural Festival (JICF) was successfully held for the third time at Indonesia Movieland, Jababeka. This year’s theme is “The Power of Culture”, featuring live music, dance and traditional and modern food festival.

By Jeannifer Filly Sumayku

A

According to I Made Surya Darma, VP of Corporate Marketing & Communications Jababeka, "The festival is organized by Jababeka in realizing its vision as a city developer which not only built buildings and facilities, but also promote cultural activities, because we understand that the value of a city is judged by the culture of its people."

"With the power and cultural wealth of each city of this country, this festival is expected to be a forum to exchange ideas, philosophy, information, art and other cultural aspects between countries, in order to speed up common understanding and two-way diplomacy to strengthen relations between international communities in Indonesia,” he added.

The event was opened with a gala dinner on Friday night (18/11)

and also attended by guests from foreign embassies.

Vice Governor of West Java Dede Yusuf in his speech said, "I am so glad to be at this Cultural Festival. It is one of the important cultural events besides SEA Games XXI and the ASEAN Summit in Bali. I am very proud of Jababeka, which also has Movieland, the centre of Indonesian films."

The occasion also served as a signing of an MOU plaque between Jababeka and GIZ Germany through Merck Indonesia on "Retrologistic", an industrial wastewater for healthy environment. It was witnessed Dede Yusuf.

Cultural performances on that night were the Rampak Kendang from West Java, consisting of Lengser Dance, Baksa Dance, and Mamayang Dance; percussion by Han Ba Fei from South Korea; Giving Luck Dance from China, Ngalai Dance from Brunei accompanied by Kayum Berkasih song, Joget Baju Putih and Dindang Disayang. There were also

"Hong Hua", a traditional dance from China, and "Thousand Hands Dance". The gala dinner was closed by "Broadway Musical Highlights" by Rio Silaen.

Visitors at the festival enjoyed performances of traditional dances from various regions in Indonesia, Brunei Darussalam and China; traditional music from South Korea and modern music from the famous Indonesian d'Masiv.

“JICF was made more lively this year, more varied and unique. We involved many young people as successors of the nation, so that they will love their culture and would learn the positive things from other countries’ culture," said Didik Purbadi, City Management of Jababeka.

An interesting aspect of the festival was the introduction of batik Bekasi, which was marked by typical motifs featuring masked dancers, and exhibited by batik artisans from Tarumajaya Bekasi. There was also a presentation on how to make dodol Bekasi.

Cikarang Dry Port Offers More Certainty to Export-Import Activities Cikarang Dry Port (CDP) only started operations in August 2010, but it is already receiving good responses from service users like shipping lines as well as manufacturing industries. CDP is an extension of Tanjung Priok; it is expected to play a role in easing Jakarta port’s traffic jam and port congestion as well as supporting the growing industrial estates in this eastern corridor of Jakarta.

According to Francois-Joseph Ossude, President Directore of CMA CGM, one of CDP’s shipping line partners, the growth of the industrial sector is very positive, especially in the Bekasi-Karawang area.

“It has so much develop-

ment potential relating to export, import and incoming investment. If CDP can maintain its cyrrent remarkable service level and streamline its goods handling process, I am sure it will be successful. That is the reason why we have a cooperation with them,” he said.

At present several shipping companies are already doing business with CDP by way of a new service, Multimodal Transport Bill of Lading, with an international port code of IDJBK. This enables direct export-import through CDP, which is connected to international ports as part of their global trading network. Shipping lines which already have this kind of service are Maersk Line, MCC Transport, Safmarine, CMA CGM, Delmas, ANL, CNC dan APL. To support

their activities, the empty container depot service is now also available in CDP. PT Unilever Indonesia Tbk, one of the industrial companies located in Jababeka Industrial Estate, has been conducting their activities through Cikarang Dry Port.

Shipments from Unilever’s overseas suppliers now use Multimodal Transport Bill of Lading, which results in certainty and simplicity of goods movement, especially from Tanjung Priok Port to CDP. The shipment is carried to CDP after they are discharged from the vessel in less than 24 hours. This also avoids the risk of the goods being misplaced in Tanjung Priok.

CDP is an extension of Tanjung Priok; it is expected to play a role in easing Jakarta port’s traffic jam and port congestion as well as supporting the growing industrial estates in this eastern corridor of Jakarta.

The benefits of using Cikarang Dry Port, as described by the

study of the World Bank, “How Dry Ports Can Improve National Competitiveness: A Case Study on Cikarang Dry Port”, are among other things the certainty of time and security related to goods movement between Tanjung Priok Port, CDP and the customer’s premises (factory or warehouse).

For example, the customer can prevent their goods from being misplaced (overbrengen) in Tanjung Priok.

Overbrengen happens when goods or containers are moved out from the port storage facility to the surrounding storage area. This often occurs because of the current congested situation in Tanjung Priok Port. The security aspect is of course as important; the movements of goods between Tanjung Priok and CDP are monitored by

an electronic seal device.

Document formalities related to port, customs and quarantine services are completed at CDP, resulting in faster, more efficent and streamlined processes. As an extension of Tanjung Priok Port, CDP is systematically connected with the port’s and terminal operators in Tanjung Priok. With integrated services as well as better planned time management, it is hoped that CDP can play its part as one of the solutions in improving a better supply chain activities for its customers.

For more information: Telp: (62-21) 2908 2908 Email: marketing@cikarangdryport.com Web: www.cikarangdryport.com

The President Post

A8 November 12, 2011

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Education Globalization and Its Impacts on Higher Education in Indonesia President University and very few HEs in Indonesia are the response towards internationalization of HE around the world. It is predicted that HEs, especially private universities, which fail to adapt their academic curriculum towards the demands of larger markets, will face tough competitions in the future.

Education: Tertiary indicators: Inbound and outbound mobility ratios: Outbound mobility ratio (%) Selection: Indonesia

Value 1.3 1.2 1.1 1

By Jhanghiz Syahrivar

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Globalization is perceived by many critics as both challenges and opportunities; impoverishment and prosperity. Lee Myung Sook, Professor of Daegu National University of Education, in her essay entitled International Education Research in Globalization Era stated that globalization had come about much faster than many of its forecasters in the 60’s and 70’s predicted, and the global society that had emerged was quite different than was expected.

Globalization is defined by many researchers as the process by which the peoples and nations of the world are increasingly fused into a single homogeneous entity.

Moreover, the gradual weakening of the constraints of space and time on economics, politics, socio-culture, and, without exception, some aspects of education in a nation, may be one of several good indicators that globalization is taking place.

Marginson (1999) in his journal entitled After Globalization: Emerging Politics of Education defined globalization as an irreversible change of the politics of the nation-state and its regional sectors, domestic classes and nationally-defined interest groups.

It is creating new potentials and limitations in the politics of education. Its effects on the politics of education are complex. Increasingly shaped as it is by globalization—both directly and via the effects of globalization in national government—education at the same time has become a primary medium of globalization, and an incubator of its agents. As well as inhibiting or transforming older kinds of education, globalization creates new kinds.

Roberto Simona (2010) in his essay entitled Education in Indonesia, the Challenges of Globalization stated that for at least two decades, globalization and technological progress had favored exchanges in the world. They had created more possibilities in the field of education, helping experts developed new approaches to learning. Elite groups in Indo-

0.9 0.8 0.7 0.6 2001

2002

2003

2004

2005

2006

2007

2008

Source: United Nations (citing: UNESCO Institute for Statistics)

nesia had taken advantage of the situation. Yet, many of the country’s (higher education) institutions had paid little attention to new ideas that encourage a global approach to education.

Perhaps, the General Agreement on Trade Services (GATS) conference in 2003 has become the cornerstone of the hype of internationalization of higher education (HE) around the world. In response to neo-liberal prescriptions of the WTO, GATS sought to liberalize trade in goods and services in industries and in education. Roberta M. Bassett (2006) in her book entitled The WTO and the University: Globalization, GATS, and American Higher Education stated that HE in this agreement was defined as an international service industry to

be regulated through the market place and through international trade agreements. As a consequence, many HEs around the world, seek to find international acknowledgements through collaborating with other foreign HEs, recruiting international students, implementing internationally accepted curriculum, and embedding themselves with the title “World-Class University”, which some argue the title as ‘merely public campaign’.

Few HEs in Indonesia follow the trend, the exception being President University, Swiss German University, Universitas Pelita Harapan (International Admission), and Binus University (International Admission). Some well-established HEs like Uni-

versitas Indonesia (UI), Institut Teknologi Bandung (ITB), and Universitas Gadjah Mada (UGM) also opened international programs to accommodate international students studying in their university. However, some management from public HEs argue that these international students have yet brought any financial benefits to the host universities since they come through scholarships and government funding.

Particularly for President University, it is well-known for implementing full English as its primary teaching instructions to accommodate its growing international students who study together in the same classrooms with its local students. Located at the heart of Jababeka Industrial Es-

tate – Cikarang, Indonesia, President University positioned itself as the 21st century model of tertiary education in Indonesia which aims to bridge the world of education and the industry.

Sawir (2010) in her essay entitled Internationalization of higher education: Issues within and beyond the practice highlighted several characteristics of internationalization of tertiary education in Indonesia including (1) outward staff and student mobility, (2) to maintain local and cultural identity was of primary concern in designing internationalized curriculum, (3) to enhance staff academic skills as in research and teaching quality through study abroad program, (4) to provide a better quality of higher education by empowering and promoting students for study abroad, preferably conducted in the medium of English, and by increasing the allocation of scholarships for overseas university study, with the expectation that graduates will return to Indonesia to benefit the local economy and community, and lastly (5) the importance of having coherent values and shared beliefs and a unified way of thinking among staff in conceptualizing and implementing internationalized programs.

Interestingly, data from the United Nations show a decreasing outbound student mobility ratio since 2002 (see Figure). Outbound mobility ratio is defined as the number of students from

PR Shines Across Asean PERHUMAS as an organization of Public Relations profession in Indonesia and one of the largest in ASEAN, recently held the “PERHUMAS Talk show” to discuss the role of Public Relations and Leadership.

Public Relations in ASEAN is one of the spearheads that strengthens ASEAN’s role and its influence internationally.

It can even be said that the leadership in the development of ASEAN’s influence is determined by the Public Relations Leadership as shown by the leaders of ASEAN countries.

Therefore, as an organization of Public Relations profession in Indonesia and one of the largest in ASEAN, PERHUMAS recently held the “PERHUMAS Talk show” to discuss the role of Public Relations and Leadership.

Director General for ASEAN Cooperation, Djauhari Oratmangun.

“PR Leadership Across ASEAN” became the theme of the talk show held at London School of Public Relation (LSPR) campus. Hiramsyah Thaib, President Director of PT Bakrieland, and James Suresh, Council Member / Education Advisor IPRS (Institute of Public Relations Singapore), were the speakers.

The discussion was moderated by Nico Wattimena. A keynote speech was delivered by Director General for ASEAN Cooperation,

Djauhari Oratmangun.

In the event, there was a signing of “friendship agreement” between PERHUMAS with IPRS. Various activities, programs and other forms of cooperation will be carried out by both sides for the progress of public relations world.

“The talk show is expected to be a learning tool for PR practitioners and members of PERHUMAS on the functions and roles of ASEAN in the international community, and to be a forum to share knowledge and information between governments, industry and corporate through PR Practitioners as the means of forming networks for PERHUMAS members, and all PR in Indonesia and ASEAN,” said Prita Kemal Gani, Chairman of PERHUMAS. PERHUMAS is an organization of Public Relations and Communications practitioners in Indonesia.

It was established on December 15, 1972. PERHUMAS is officially registered at DEPDAGRI as a national public relations organization in Indonesia and at the International Public Relations Association (IPRA) which is based in London.

PERHUMAS aims to improve professional skills, broaden and deepen the knowledge, increase networking and exchange experiences between members and communicate with allied organizations at home and abroad.

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a given country studying abroad as a percentage of the total tertiary enrolment in that country. The rise of public and private HEs offering international programs or double degree programs might explain the downward trend.

President University and very few HEs in Indonesia are the response towards internationalization of HE around the world. It is predicted that HEs, especially private universities, which fail to adapt their academic curriculum towards the demands of larger markets, will face tough competitions in the future. According to Wayah S Wirot, Secretary General of the Association of Private Higher Education in Indonesia (Aptisi), approximately 30% out of 800 private HEs in Indonesia were closed down in 2008.

Unfortunately, access to quality education has become increasingly a privilege of well-off families.

It is no secret that many middle class families are struggling desperately to come up with the fund to finance increasing tuition fees every year, let alone the increasing cost of living. With most of public HEs tend to react favorably towards privatization (and commercialization) of higher education, this is no minor impact in a society already badly affected by recent economic crises.

Jhanghiz Syahrivar is Lecturer in Faculty of Economics of President University cum Head of Public Relations of President University, Indonesia

Business BUSINESS BRIEFS Medco Set to Supply Methane Gas PT Medco Energi Indonesia (MEDCO) is ready to supply coal methane gas from the Sekayu Block in South Sumatra for a five year period, the company told the Jakarta Stock Exchange on Friday.

The gas would be supplied to the South Sumatra Regional Energy and Mining Company (PDPDE) at a volume of 200 million standard cubic feet per day (mscfd). The methane gas would be channeled from the CBM SE-2 well at Block GMD Sekayu. The gas will be used to fulfill the need for electricity of the local people around the block.

Electricity produced now is used to provide light for GMB Pengumbul station. It derived from the GMB Block Sekayu`s well located in Musi Banyasin, South Sumatra.

Medco has a 50% participating interest in Block GMB Sekayu. The utilization of this methane gas is in line with Presidential Instruction No. 14/2011 on the acceleration program for the implementation of national development priority 2011.

BTN Lowers Lending Rate State-owned Bank Tabungan Negara Tbk. (BTN) has cut its lending rate by 50 basis points in response to Bank Indonesia`s recent decision to lower its key rate to 6%.

“We have just lowered our lending rates by 50 basis points. For housing loans, our lending rate ranges between 8.15-11%,” BTN President Director Iqbal Latanro said here on Friday.

Iqbal Latanro Only lending rate on subsidized housing BTN President Director loans remained unchanged, he said. He said there was still a room for the bank to cut its lending rates further.

“There is a time lag for interest rates to decline. Next year lending rates are likely to drop. If the overhead cost declines the lending rates will drop accordingly.”

He said the amount of credits channeled by the bank in the nine months through September grew 20.24% to Rp59.31 trillion from Rp49.32 trillion in the same period last year.

XL Seeks to Sell 7,000 BTS Publicly-listed cellular phone operator PT XL Axiata Tbk is looking into the possibility of selling 7,000 of its base transceiver stations (BTS) for Rp14 trillion to Rp15 trillion.

“We are still exploring the possibility of selling 7,000 (base transceiver) stations to investors,” XL President Director Hasnul Suhaimi said after addressing a seminar themed “Enduring and Growing amid Global Economic Turbulence by Excellent Performance” here on Wednesday.

To sell the 7,000 BTS, XL had appointed Goldman Sachs as an arranger, he said. However, he stopped short of revealing the investors who would buy the BTS. “Let`s wait....We are in the process of exploring (the possibility of selling them),” he said.

XL tried to sell 7,000 BTS in 2009 but to no avail. To date, XL has 9,00010,000 BTS nationwide. He said XL intended to sell the BTS because it would focus on its business and would no longer think of managing them on its own.

The contribution of BTS rent to the company`s revenues was relatively small, reaching 4% of the overall income, he said. He said the company had set no date to complete the corporate action. “We have set no date to complete it. To be sure, we will continue to explore the possibility of selling them,” he said.

Bank Syariah Mandiri’s Profit up 27.83% Bank Syariah Mandiri said it posted a profit of Rp409.12 billion in the year ended in September, up 27.83% from Rp320.04 billion in the same period last year.

The increase was fueled by operating income after being distributed on a revenue-sharing basis, Yuslam Fauzi, president director of the stateowned Bank Mandiri`s sharia unit, said here on Wednesday.

“In September 2011, operating income after being distributed on a revenue-sharing basis reached Rp2.81 trillion, up 39.11% compared with Rp2.02 trillion in the same period last year,” he said.

Third party fund placement in the bank amounted to Rp38.29 trillion in the nine months through September, jumping 54.15% from Rp24.84 trillion in the same period last year, he said. In the meantime, the amount of financing surged 60.45% to Rp34.40 trillion from Rp21.44 trillion in the corresponding period a year earlier, he said.

The financing was 72.40% contributed by non-corporate financing and 27.60% from corporate financing, he said. “The figure indicates that the company is pro-real sector and small and medium enterprises,” he said. As per September 30, 2011, the bank`s total assets reached Rp43.51 trillion, up 55.12% from Rp28.05 in the same period a year ago.

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Minister Gives High Marks to Garuda, Bank Mandiri, BRI State Enterprises Minister Dahlan Iskan has praised the boards of directors of Garuda Indonesia, Mandiri Bank and BRI for being able to bring about a transformation in their corporate businesses amid the global economic crisis.

“

The success achieved by the three stateowned companies is to be mainly attributed to the capability of their CEOs,” the minister said at a seminar here on Tuesday.

He said the figures behind the success of the three state-owned companies (BUMN) were Garuda Indonesia president director Emirsyah Satar, former Mandiri Bank president director Agus Martowardoyo, who was now minister of finance and BRI Bank president director Sofyan Basyir.

“They deserve appreciation as well as awards in view of their courageous actions and ideas to advance their companies,” he said.

not only conducted internal improvements but also tried to give information transparently.

Dahlan Iskan State Enterprises Minister

ny PT PLN said many people had capabilities and expertise but not many could prevent intervention from inside and outside the companies.

“Many people who have remarkable educational backgrounds have been appointed to lead BUMNs but they are often hindered by bureaucracy,” he said.

The minister said it would take CEOs with extra capability to improve state-owned companies. “It is difficult to find figures who are fit and have complete capabilities to lead state-owned companies that now number 142,” he said.

The former president director of state-owned electricity compa-

In response to the appreciation, Emirsyah Satar said what he has done so far is just part of his efforts to improve the company. “Every decision I made is for changing Garuda to become better,” he said.

He said to improve the stateowned airline company he has

Emirsyah said transparency was very important for improving a company. “If the company loses we must tell it so. Nothing must be covered up. And what has made the company to lose and measures that are to be taken by the management must also be made known to the public,” he said.

He said he faced challenges when he was trying to improve procurement of goods and services in the company. “But so long as it was for the progress of the company I have never seen them as obstacles,” he said.

The Netherlands, Frisian Flag Indonesia, and KPBS South Bandung Collaborate on Improving Quality and Quantity of Fresh Milk

By Jeannifer Filly Sumayku

by FFI and Dutch dairy experts from the Friesian on: • Animal nutrition • Livestock housing and health • Milking and milk handling • Breeding, reproduction, and calf rearing

Ambassador of the Kingdom of the Netherlands for Indonesia Tjeerd F. de Zwaan attended a celebration on the success of the two years of collaboration between the Netherlands government, Frisian Flag Indonesia (FFI), and South Bandung Dairy Farmers Cooperative (KPBS).

About 250 member dairy farmers of KPBS attended the event to celebrate the significant improvement of their welfare as a result of a two-year project that has successfully improved the quality and the quantity of milk that the dairy farmers produce daily.

Initial technical funding for this project when it started in mid 2009 was €353,777 or Rp4,329 billion, of which 60% (€212,266 or Rp 2.597 billion), is a grant from the Dutch Government while the rest is from FFI and KPBS. De Zwaan stated, “It is gratifying for all stakeholders in this project, including the Dutch Government, that FFI support has significantly contributed towards the improved welfare of dairy farmers in Pangalengan. The Netherlands provides €4.6 billion in Development Assistance to countries around the world to support partnerships with governments, civil society organizations, knowledge institutes, and businesses. As a nation, we believe that development is not only for governments but that private sector has its role to play as well.”

President Director of PT Frisian Flag Indonesia Marco Spits, Ambassador of the Netherlands to Indonesia Tjeerd F. de Zwaan, Vice Regent of South Bandung Deden Rumaji, Head of KPBS South Bandung Aun Gunawan mark the implementation of the Fresh Dairy Development Program in Pangalengan, which succeeded in increasing fresh milk production from 127 tons to 145 tons per day with a higher sale value, thus increasing income and welfare of farmer families. The program is initiated by PT Frisian Flag Indonesia with a grant from the Dutch government.

Marco Spits, President Director of FFI, said, “As a subsidiary of FrieslandCampina, the world’s largest dairy cooperative with 130 years of experience and 20,375 member farmers across Holland, Belgium and Germany, FFI is fully committed to consistently work together with dairy farmers and their cooperatives in Indonesia as our vital partners. With our extensive experience and knowledge on dairy, we believe that dairy farmers in Indonesia have great potentials to become globally competitive and this collaborative effort has proven that through better farming management, not only

do their milk quality and quantity improved but their entire families also benefit from better welfare.”

“Frisian Flag Indonesia will continue to support plans to stimulate the quality and quantity of fresh milk produced in Indonesia, preferably not too far from our countries. In total we receive today about 400 tons of milk produced in Indonesia,” added Marco.

Over the last two years, FFI has also funded a further Rp2 billion on additional training, education and socialization activities for the farmers. This project is part of a continuing Rp600 bil-

lion investment by FFI on its dairy development program for Indonesian dairy farmers in the last seven years.

The initial technical funding was used for improving farming facilities and equipment such as: • Building seven demo farms with designs and equipment so that dairy farmers can adopt and adapt based on their individual capacity • Provision of laboratory and field equipment for testing and controlling milk quality Other use of the initial funding include training and counseling

FFI also added further on top of the initial technical funding for training and development of field supervisors and staff of KPBS along with socialization efforts to ensure that every farmer member has access to the project information and consultation is available for all.

FFI Fresh Milk Development Program started in 2000 in West, Central, and East Java and involved the North Bandung Farmers Cooperative (KPSBU) in Lembang; the Village Unit Cooperative (KUD) in Mojosongo, Boyolali; the Eka Putra Jaya Dairy Cooperative in Bandung; the KSU Rukun Santoso in Blitar; the KUD Boyongbong in Garut and the South Bandung Farmers Cooperative (KPBS) in Pangalengan.

This is done in line with Ministry of Agriculture reports that domestic fresh milk production is not at a maximum level. The problems often faced by dairy farmers are, among others, lack of farming skills, particularly in relation to animal health and low feed quality that triggers poor milk production and quality. Therefore, the empowerment of poor farmers through the help of tools, training and mentoring is one of the programs of the Ministry Agriculture 2010–2014.

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Business Sriwijaya Air to Operate 32 Planes by End of 2011 Sriwijaya Air has observed its eighth anniversary on November 10, 2011, and may have flown eight million passengers by the end of this year.

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The national private airline company Sriwijaya Air said it will operate 32 planes up to the end of this year.

“Right now we already flying 30 planes, and up to the end of this year there will be two others bringing their total to 32,” commercial director of Sriwijaya Air Toto Nursatyo said in Jakarta Friday.

Toto said that Sriwijaya Air has observed its eighth anniversary on November 10, 2011, and may have flown eight million passengers by the end of this year. “Last year 7.2 million passengers and in view of the growth of the number of its passengers as well as improved perception of our customers, we are optimistic that this year the Sriwijaya Air would fly

such a big number of passengers,” he said. Toto said that up to the middle of this year the number of passengers had reached 3.5 million.

He said the 30 planes include 12 B-737 200s, 12 B-737 300s and six B-737 400s, while the two planes coming early in December are a B-737 300 and a B-737 400,” he said. In the meantime, next year Toto added Sriwijaya Air will have another 22 planes and at the same time phasing out in stages 12 B-737 200s. “Starting in April to December 2012, the 12 B-737 200s will be phased out,” he said.

Next year will see 12 B 737500s, five B 737-800 NGs and another five Embraer E-190s. Toto said the B-737 500s will be arriv-

ing in April, 737-800NGs in May, and the Embraers each one from August to December.

Toto also said starting next year Sriwijaya, along with the rejuvenation of its planes, the airline company will also have business classes. “These C classes will accommodate the consumers` requests like government, private officials and businessmen,” he said.

So, he said, the number of business class seats in each flight will be eight, and the rest will be economy class seats. In addition, Toto also explained a number of progresses of Sriwijaya Air. “Already operating is an electronic ticket reservation program at the head office and branch offices,” he said.

Antam to Issue Rp 4t Bonds State-owned mining company PT Aneka Tambang (Antam) will be offering its first stage sustainable bonds worth Rp4 trillion.

In its brief announcement on Wednesday, the company said it will issue and offer the bonds at a fixed interest of not more than Rp1.5 trillion.

The bonds consist of two series namely series A with a period of seven years, and series B ten years. The bonds will be offered with a value of 100%

of the main interest paid in every three months according to the date of the bond interest payment.

It was also said that the Rp4 trillion will be used as investment, including routine investment in the company`s business unit to support infrastructure construction and development projects as well as the purchase of machinery and production equipment worth Rp800 billion (20%), and Rp 3.2 trillion (80%) will be used for business development and expansion.

Acting as bond emission guarantors were PT Deutsche Securities Indonesia, PT Mandiri Sekuritas, and PT Standard Chartered Securities Indonesia, while Bank Permata as bond mandate.

The bonds will be publicly offered on December 6 to 9, 2011 and registration at the Indonesian Stock Exchange (BEI) on December 15, 2011. The bonds had enjoyed an AA rating from PT Pemeringkat Efek Indonesia (Pefindo).

SIEW 2011 Brings Together World’s Leading Conferences, Exhibitions, Workshops

By Jeannifer Filly Sumayku

been organized to tap on the industry’s growth opportunities. With the participation of many of the world’s leaders in the industry, this is also shaping up to be one of the key solar-related events in the region.. I am encouraged to see that the solar industry is gaining momentum as we ride this wave of cleantech growth opportunities.”

The Singapore International Energy Week (SIEW) is an annual week-long platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space.

The appetite for economic development and urban progress, coupled with climate change concerns and the development of more efficient energy technologies, is driving change among consumers and energy industries.

The 4th Annual SIEW 2011 is the foremost platform for top policymakers, industry players and commentators to discuss energy issues, strategies and solutions. SIEW 2011 brings together the world’s leading conferences, exhibitions, workshops and networking events in one week, in one location. Covering key issues such as oil & gas, energy trading, clean energy and smart grids, SIEW 2011 provides the ideal focal point to discuss energy security through the generation of ideas and exchange of best practice.

First held in 2008, SIEW is organized by the Singapore Energy Market Authority (EMA), a statutory board formed in 2001 under the aegis of the Ministry of Trade

and Industry. EMA is tasked to promote effective competition in the energy market, ensure a reliable and secure energy supply, and develop a dynamic energy sector in Singapore.

“Since its inaugural run in 2008, SIEW has taken off with considerable momentum, as governments and companies across the world have found it to be a useful focal point for fruitful conversations and partnerships... In the long run, we aim to grow SIEW into the premier regional platform where policymakers and key decision-makers come together to map out sustainable solutions for the future.” Chee Hong Tat, Chief Executive Energy Market Authority of Singapore.

One of the prominent pro-

grams at SIEW 2011 was the Inaugural PV Asia Pasific Conference. The new conference is held in close collaboration with the PV ASIA PASIFIC EXPO. The Chairman of PV Asia Pacific Conference 2011, Prof. Joachim Luther stated, “With this Inaugural Conference, we aim to initiate annual PV conferences of international standing in South East Asia.”

At the opening of PV ASIA PACIFIC EXPO and ASIAN PV Industry ASSOCIATION, Lee Yi Shan, Minister of State for National Development and Trade & Industry of Singapore said, “The Expo serves as a gathering of key decision makers and is a marketplace for the exchange of ideas to grow the sector. This is an industry with great potential and it is timely that the PVAP Expo has

PV ASIA PACIFIC EXPO is the Asia Pacific’s leading business platform for solar energy that gathers players from all the aspects of photovoltaic technology, including manufacturing and applications. Various programs such as the Solar Leaders Summit, PV Asia Pacific Conference, and exhibition cover key PV issues including government incentives, development trends, technical upgrading, conversion efficiency, PV systems, smart grid connection, financing and risks, among others.

At the conference, the latest scientific results that directly aim at reducing the cost of solar electricity were presented. The integration of large quantities of fluctuating solar power into the electricity grids is another main topic. A dedicated session was focused on “PVs for the Asia-Pacific region” (module technologies, building integration, power plants, rural electrification and solar electricity for mega-cities in the Asia-Pacific region).

Alama nda Tower

Work. Nature. Balance A “ lamanda Tower grows from the floor of a tropical oasis... it will be a unique, inspired place to work and connect...”

Darryl Yamamoto, AIA Principal, DYXY Architecture + Interiors

Reputa ble Developer Marketing Office Graha Irama, 15th Floor Unit A Jl. HR Rasuna Said Blok X-1 Kavlling 1-2, Jakarta 12950 Phone: (62-21) 526 1357, 526 1358 Fax: (62-21) 526 1460 Mobile: (62-21) 87885001616 email: sales@alamandatower.com www.alamandatower.com

Marketing Consultant

PT Cushman & Wakefield Indonesia Indonesia Stock Exchange Building 2, 15/F Jl. Jend. Sudirman Kav 52-53, Jakarta 12190 www.cushmanwakefield.com

A development led by KAARYA Development, a well-reputed and awardwinning developer of Menara Karya, Menara Kadin and Cyber 2 Tower.

Alamanda Tower is a GREENSHIP Registered Project and under green building certification process by Green Building Council Indonesia. The owner and project team are targeting GREENSHIP Gold level to pledge commitment of green building. Our green features are double glazing, use of recycle water, low cooling load in tenancy area, low energy lighting and ample landscaped area.

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Investment General Motors Starts Building Assembly Plant in Bekasi The plant will produce passenger cars to meet export and dometic demand and absorb 800 workers.

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PT General Motors (GM) Indonesia, an authorized GM car distributor, has started building an assembly plant in Bekasi, West Java, with a capacity of 40,000 units a year with an investment of $150 million.

“We have conducted a ground breaking for the plant construction. This shows our seriousness in developing business in Indonesia,” the president director of GM Indonesia, Marcos Purty, said here on Friday.

Marcos said the plant stands on an area of 11 hectares. GM also plans to develop a 600 square meter garden to make the plant`s environment good.

Marcos Purty President Director of GM Indonesia “We appeal to all contractors to prioritize and implement safety regulations in the project,” he said. He said the project is expected to finish in 2013. The plant will produce passenger cars to meet export and dometic demand and

absorb 800 workers.

Marcos said the GM plant in Bekasi will join with the GM manufacturing facility in Rayong, Thailand. The plant will strengthen market penetration in Southeast Asia. “The two facilities certainly will use local component supplies. We will also widen dealer networks in Thailand and Indonesia to spur sales,” he said.

GM is the US automotive giant and global car maker second only to Toyota. GM is now focussing on four brands namely Chevrolet, GMC, Buick and Cadillac. GM entered Indonesia through Chevrolet or better known as Chevy. This year’s sales of the brand reached 5,000 units.

Two Japanese Firms Ready to Relocate Plants to Indonesia Two Japanese companies are ready to relocate their plants from Thailand to Indonesia because of protracted flooding in the former, an official said.

“Because of the floods we have received a request from Japanese automotive and electronic manufacturers to relocate their plants from Thailand to Indonesia,” the deputy for industry and trade to the coordinating minister for economic affairs, Edy Putra Irawady said here on Tuesday.

Edy said at least four compa-

nies, three of them from Japan and one from Europe, intended to relocate their plants to Indonesia. The companies were automotive and electronic manufacturers which were currently operating in Thailand, he said.

“Two of the four companies are really new investors, while two others intend to relocate their plants and they are Japanese companies,” he said. “They phoned us to ask what incentives the Indonesian government can give to them

if they relocate their plants here.

For instance, will they receive tax holiday or not?”

Asked whether they were largescale automotive and electronic manufacturers such as Honda and Nissan, he said they were in the same class as the two Japanese companies. He said two automotive companies which intended to expand their investment in Indonesia were Toyota and Mercedes Benz. Toyota planned to raise its investment by Rp7 trillion next year.

BANK CREDITS: Total credit disbursed by banks in Indonesia until the end of this year reached around Rp. 1.739.27 trillion. Of these amount, BRI (Bank Rakyat Indonesia) provided the largest amount with Rp. 276.299 trillion, or 13.2% of total national loans.

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Taiwanese Investors Eyeing Bengkulu’s Fisheries, Iron, Coal Taiwanese investors who have been eyeing fisheries potentials in the waters of Bengkulu province have begun to discuss their investment plans with local authorities.

“The Taiwan investors have been eyeing our fishery potentials since 2006, and have visited Bengkulu for further talks on their investment plans,” Zainal Abidin, Assistant Secretary of the Bengkulu provincial administration, said here.

The Bengkulu provincial government had in 2006 signed a memorandum of understanding (MoU) with the association to cooperate in the fisheries sector.

But the implementation of the MoU was halted due to the financial crisis in 2007, and it was to expire in 2011. “Therefore, today`s discussion was on a plan to renew the memorandum of understanding made in 2006 and they plan to visit Bengkulu again,” he said.

The second Memorandum of Understanding would have two new points, namely on coopera-

MERCHANTILE ATHLETIC CLUB

Indocement Invests $100 million PT Indocement Tunggal Prakarsa, producer of Tiga Roda cement, has invested $100 million this year in the construction of a cement mill in Citereup, West Java.

“Construction is scheduled for completion in 2013. The money will came from our own budget,” Indocement`s deputy financial director Thomas Suryandi said in Jakarta Monday.

He said the investment fund is also used for several optimizing projects at the Citereup plant, logistic project, several batch-

ing plants and new mixer trucks for expansion of ready-made enterprises. Indocement also purchased new crushers to increase its aggregates.

Up to the third quarter this year, Indocement raised its sales by 21 pct to Rp9.7 trillion, compared to the Rp8.1 trillion in last year`s same period. “An increase in the domestic cement market had a positive effect on our performance,” Thomas said. He added that domestic sales increased by 16.4% to 10.9 million tons, while Indocement`s market share from

31.1% to 31.3%.

He said the sales increase was encouraged by the large demands in the private sector, especially in housing and high-rise buildings.Cement sales in Java, Indocement`s main market, increased 19.2%.

Nevertheless, he said, the export sales increased 39% to 0.5 million tons, apparently due to the focus of the company on meeting the increased demands on the domestic market. “Net profits increased 8.8% to Rp2.5 trillion,” he said.

tion in two other sectors : iron ore and coal, Zainal said.

Meanwhile, the chairman of the Indonesia-Taiwan Goodwill Association, Malik Hasan Ahmadi, said the Taiwanese businessmen`s investment plan had received a positive response from the Bengkulu provincial government. “Firstly, we will renew the existing memorandum of cooperation which is to expire soon because there are several other sectors that interest the Taiwanese businessmen like iron ore and coal,” he said.

As to the Taiwanese investors` interest in fisheries, Bengkulu was chosen because of its proximity to the Indian Ocean where a lost of tuna fishing activity was going on.

Besides exploring Bengkulu`s fisheries potential, the iron ore potentials in Seluma and Kaur districts had also attracted the Taiwanese investors. “We are targeting revenues for Bengkulu Province to reach up to Rp3 trillion to Rp 5 trillion from the three sectors, namely fisheries, iron ore and coal mining,” Malik said.

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Indonesia Australia Business Council

IABC Business Conference & ABA Regional Business Forum This year’s conference is the 30th regular conference of the IABC and AIBC – boosted this year through an important additional role as the Regional Business Forum of Australian Business Asia. ABA is the combined voice of Australian-related chambers and councils operating in various parts of Asia. This is the 4th Regional Business Forum, and the first to be held in Indonesia, and the first to be held under the newly created ABA banner.

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The business councils and chambers around Asia which look after Australian-related interests recently formed Australian Business Asia to give themselves a common identity and voice where the need arises.

It is currently operated out of the AustCham office in Singapore.

The objectives of the conference and forum are: • To reinforce the common interests of Indonesia, Australia and Asia generally.

• To assist delegates to network within business and government circles and to develop strategic links.

• To provide up-to-date analyses of issues to assist business to approach and handle them correctly.

• To provide practical and relevant information and contacts – particularly through country-specific sessions on investment.

• To provide an informal environment to enable participants to benefit in the maximum possible way.

The program spread over two full days of business sessions (Friday and Saturday) – with ABA representatives having the oppor-

tunity to meet beforehand. Formalities were kept to a minimum and the focus was on networking to encourage stronger commercial links. The format of the Conference was generally plenary sessions with either a keynote speaker or panels of speakers.

However, there will be two sessions of country-specific breakout sessions.

Topics within presentations are: • Politics & Economy • Trade and Investment • Resource & Infrastructure • Bilateral Cooperation • Taxation and Manpower and other everyday challenges

About IABC

The Indonesia Australia Business Council (IABC) is a business association representing private sector business interests in commercial relations between Indonesia and Australia.

Established in 1989, the IABC is a result of the merger between DKSPIA or Dewan Kerja Sama Pengusaha Indonesia Australia (Association of Indonesian and Australian Businessmen) and the Australian Chamber of Commerce in Indonesia (Austcham).

The two major business groups had operated in Indonesia for 15 years before the merger.

The IABC is affiliated with the Indonesian Chamber of Com-

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November 12, 2011 B5

Indonesia Australia Business Council

The mission of the Indonesia Australia Business Council is to provide a convivial networking organization for companies, organizations and business people of all nationalities involved or interested in business between Indonesia and Australia.

merce and Industry (Kadin Indonesia), and works very closely with the Indonesian Government and the Australian Embassy in Jakarta.

This allows the IABC to represent the business and commercial interests of Indonesian and Australian businesses engaged in investment and bilateral trade at Government levels. The IABC also cooperates closely with its sister organization in Australia, the Australia Indonesia Business Council (AIBC).

The IABC is governed by an Executive Board elected by the membership every two years.

The Executive Board is supported by a National Secretariat, which is run by a professional team headed by an Executive Director. Currently there are IABC Branches in Central Java (Semarang) and East Java (Surabaya). The Bali Branch is in the process of re-establishment.

The mission of the Indonesia Australia Business Council is to provide a convivial networking organization for companies, organizations and business people of all nationalities involved or interested in business between Indonesia and Australia.

About ABA

Australia Business Asia (ABA) is the name given to a grouping of 16 Australian chambers of commerce and business councils throughout Asia. The mission is to provide a collective voice for Australian business operating throughout the region.

Australian Business Asia provides the umbrella for its constituent groups to come together on critical advocacy issues involving Australian business across the region. It also provides a platform for joint activities, reciprocal arrangements and for exchange of information and ideas between the member groups.

Australians have been doing business in Asia for a long time, often meeting over a drink to discuss issues they were experiencing in developing their business interests.

From these very informal get-togethers evolved business groups or chambers of commerce, providing a broader range of services to their local Australian business communities.

In some cases, like Indonesia and Malaysia, the emphasis has been on two-way bilateral trade and therefore their membership reflects a strong local as well as Australian flavor.

With other chambers like in Laos, Japan, Taipei and Philippines, Australian business joined with New Zealand business to create joint chambers with stronger voices.

Finally there are the groups whose focus is on representing Australian business interests in the host country, in countries like Singapore, Vietnam, Hong Kong & Macau, Korea, Thailand and the chambers in Beijing, Shanghai and Fujian.

With the regionalization and globalization of business, the various independent groups around the region found they were being asked to comment on common issues.

The various groups had been talking about regional co-operation and had agreed on various exchange programs as early as 2001. They had associated together since 2006 on holding a regional forum, first in Singapore and then in Thailand.

At the 2010 regional forum in Hong Kong, 12 Australian business groups from across the Asia region agreed to come together under the banner Australian Business Asia. This group has since grown to 16 members.

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Executive Highlights BKPM said Realized FDI for Q3 2011 Reached US$5.2 billion, Up 15.7% from a Year Earlier THE NATIONAL INVESTMENT BOARD (BKPM) SAID REALIZED FOREIGN DIRECT INVESTMENT (FDI) FOR Q3 2011 REACHED US$5.2 BILLION, UP 15.7% FROM A YEAR EARLIER. Gita Wirjawan, BKPM chairman and newly appointed trade minister, said the rise in realized FDI highlighted Indonesia’s resilience amid economic uncertainties in Europe and the U.S. On a sector basis, Q3 realized FDI was led by transportation and communications (US$1.1 billion); mining (US$900 million); metals, machinery and electronics (US$600 million); power, gas and water utilities (US$500 million) and the chemical and pharmaceutical sectors (US$300 million). The BKPM figures do not include FDI in the financial and oil and gas sectors.

Based on investment location, realized FDI was led by Greater Jakarta (US$1.4 billion); West Java (US$900 million); Banten (US$800 million); Papua (US$400 million) and Bali (US$300 million). Based on country of origin, realized FDI for Q3 was led

by Singapore (US$1.3 billion); the U.S. (US$500 million); the Netherlands (US$400 million); South Korea (US$400 million) and Japan (US$400 million).

The IMF said Bank Indonesia should be Prepared to Tighten Monetary Policy

acceleration master plan (MP3EI).

The association is currently forecasting 2012 cement sales to rise by 10% y-o-y.

Parliament Passed a Long-anticipated Law Establishing the Powerful and Independent Financial Oversight Agency (OJK) PARLIAMENT PASSED A LONGANTICIPATED LAW ESTABLISHING THE POWERFUL AND INDEPENDENT FINANCIAL OVERSIGHT AGENCY (OJK).

The OJK will take over the regulation of the capital markets, insurers and pension funds currently done by the capital markets supervisory board (Bapepam).

It will also assume the supervision of commercial banks, a function currently held by BI. The new watchdog will begin supervising the capital markets, insurers, pension funds and other non-bank institutions starting January 2013. The agency’s oversight of commercial banks, meanwhile, will start a year later. The OJK will be led by a nine-member board, comprising one representative each from the finance ministry and BI, and seven members selected by the president and vetted by parliament. A major sticking point delaying the law’s passage, parliament’s insistence that they have their own representatives in the OJK, was resolved after the legislature yielded to demands from industry players that the agency be free from political interference.

to be completed by 2014. Suryadi said the venture was open to offtake agreements that would allow other companies to access the gas supplies transported through the pipeline.

at 15 million barrels of crude oil and 700 billion cubic feet of natural gas. The project is expected to produce 1.1 billion cubic feet of natural gas and 31,000 barrels of condensate when production hits its peak around 2016. With the acquisition, Chevron will retain a 62% stake in the Rapak and Ganal blocks, and a 72% stake in the Makassar Strait block. The acquisition marks Sinopec’s return to Indonesia after its withdrawal in 2006.

China’s Sinopec Group has Completed its Acquisition of an 18% Stake in Chevron’s GendaloGehem Deep Water Australian Project in a US$680 Engineering Firm million Deal.

Leighton said it Has Secured a US$600 CHINA’S SINOPEC GROUP HAS COMPLETED ITS ACQUISITION million Leasing OF AN 18% STAKE IN CHEVRON’S GENDALO-GEHEM DEEP Facility to Support WATER PROJECT IN A US$680 its Expansion in MILLION DEAL. The US$6 billion project is located offshore East Ka- Indonesia limantan at a depth of 500-1,900 m and includes the Rapak, Ganal and Makassar Straits blocks. The project includes one producing oil field and five oil and gas fields that have yet to be developed. Total recoverable reserves are estimated

AUSTRALIAN ENGINEERING FIRM LEIGHTON HOLDINGS SAID IT HAS SECURED A US$600 MILLION LEASING FACILITY TO SUPPORT ITS EXPANSION IN INDONESIA. Leighton

Selected Instant Indicators EXCHANGE RATE 2009 - 2010 US$ (LHS)

11,750

15,000

11,693

14,500

100 YEN (LHS) EURO (RHS)

14,000

11,080

11,100

13,500 13,000

10,450

12,424

12,412

12,500 12,000

THE INTERNATIONAL MONETARY FUND (IMF) SAID BANK INDONESIA SHOULD BE PREPARED TO TIGHTEN MONETARY POLICY, following its annual consultations with Indonesian financial authorities recently. BI cut its benchmark rate by 25 bp to a record low 6.5% earlier this month on a moderate inflation outlook and concerns over growth. The IMF, however, warned that a closing output gap, accelerating credit growth and high inflation expectations as consumers anticipate possible increases in electricity and fuel prices could push core inflation higher in the second half of this year and into 2012. Assessing Indonesia’s growth outlook, the IMF said the economy remained robust despite increasing global turbulence. It said Indonesia’s growth profile has become more balanced, with investment contributing to consumption and exports as the main engines of growth. The IMF is projecting growth of 6-6.5% for 2011 and 2012 assuming no further deterioration of global conditions, with investment increasingly driving Indonesia’s economic expansion.

The Indonesian Cement Association (ASI) is Projecting 2011 Cement Sales to Rise by 10% Y-O-Y to 44 million Tons THE INDONESIAN CEMENT ASSOCIATION (ASI) IS PROJECTING 2011 CEMENT SALES TO RISE BY 10% Y-O-Y TO 44 MILLION TONS. The forecast was revised upward from 6% previously on better than expected demand from infrastructure and real estate projects in Java. For the January-September period, cement sales totaled 34.3 million tons, up 16.3% y-o-y. On a geographical basis, sales were led by Java at 18.8 million tons (up 19.2% yo-y), Sumatra at eight million tons (14.6%), Sulawesi at 2.5 million tons (14.6%), Kalimantan at 2.4 million tons (14.7%) and East Nusa Tenggara at two million tons (12.2%). In contrast, Papua and Maluku saw cement sales decline 12.5% y-o-y for the January-September period to 600,000 tons.

ASI chairman Urip Timuryono expects cement demand to be robust in Q4, which is usually a strong quarter with the government implementing a large portion of its capital expenditure plans. Urip said that despite global economic uncertainties, ASI members were confident sales would grow next year as the government begins to fully implement its infrastructure

9,800

Northstar Pacific Partners has Raised US$820 million from Global Investors to Invest in Indonesia PRIVATE EQUITY FIRM NORTHSTAR PACIFIC PARTNERS HAS RAISED US$820 MILLION FROM GLOBAL INVESTORS TO INVEST IN INDONESIA, its largest investment fund to date. Northstar and its international partner TPG Capital had initially sought US$500 million, but raised the ceiling after receiving US$1.5 billion in potential commitments. Interest was high despite the recent turmoil in the global financial markets, with investors looking to exploit Indonesia’s long-term economic growth prospects and fast expanding middle class. Among Northstar’s current holdings include controlling stakes in midsized lender Bank Tabungan Pensiunan Nasional (BTPN) and coal mining contractor Delta Dunia Makmur. Northstar is also currently finalizing the acquisition of a 20% stake in tire producer Multistrada Arah Sarana for US$63 million. Multistrada is Indonesia’s second-largest tire manufacturer, producing more than eight million tires per year. Northstar is run by former Goldman Sachs executive Patrick Walujo.

11,500 11,000

9,150

10,500

8,890

10,000

8,928

9,500

8,500 Oct 10

N

Dec J-11

Feb

M

Apr

May

2010

Jul

J

A

Sep

27Oct

2011

STOCK MARKET INDEX

IDX

USA S&P 500 1,450

4,100 1,375

1,338

3,900

3,813

1,225 1,183

3,300

1,150

IDX - Jakarta S&P - USA

1,075

3,100

1,000

2,900 N

Dec J-11

Feb

M

Apr

May

2010

J

Jul

A

Sep

27Oct

2011

STATE POWER UTILITY PLN ANNOUNCED PLANS TO BUILD A 700-KM, US$750 MILLION TRANS JAVA PIPELINE to ensure supplies for its gas-fired power plants in Java. The pipeline will have a capacity of 1,000-1,200 billion British thermal units per day (bbtud) and will be developed in a venture with Petragas, a subsidiary of Pertamina. Suryadi Mardjoek, head of PLN’s oil and gas division, said the pipeline will link up with various gas storage sites across Java, including the floating storage regasification unit (FSRU) now under construction in Jakarta Bay and the Kangean and Cepu gas blocks in East Java.

He said the pipeline would allow PLN to readily address gas shortages that their power facilities in Java frequently face with gas supplied from other parts of the island. Construction of the pipeline will start next year, and is slated

Marga Lingkar Jakarta has Secured a Rp1.6 trillion Loan Facility to Fund Construction of the 7.7-Km Kebon JerukUlujami Toll Road TOLL ROAD OPERATOR MAR-

INTEREST RATES

% 6.9

6.75

6.6

6.5 6.5

6.3

State Power Utility PLN Announced Plans to Build a 700km, US$750 million Trans Java Pipeline

THE TRANSPORTATION MINISTRY SAID THE GOVERNMENT WAS MOVING FORWARD WITH PLANS TO BUILD A NEW, MULTIBILLION DOLLAR INTERNATIONAL AIRPORT EAST OF JAKARTA. Deputy transportation minister Bambang Susantono said the ministry was currently evaluating potential sites together with the Japan International Cooperation Agency (JICA). He said the airport would likely be built in Cikarang or Karawang, which are located near key industrial centers. Bambang said the government aims to hold an international tender next year under its public-private partnership (PPP) scheme, and plans for construction to start in 2013. The deputy minister said the new airport was crucial to support the region’s expanding economy. He said that Soekarno-Hatta international airport would be inadequate to support passenger growth over the medium-term given the limited availability of land to expand the facility. The new airport will be designed to serve 65 million passengers per year initially, which is double Soekarno-Hatta airport’s current capacity.

1,278

3,500

Oct 10

The Transportation Ministry said the Government was Moving Forward with Plans to Build a New, Multi-billion dollar International Airport East of Jakarta

1,300

3,635

3,700

chief financial officer Peter Gregg said the funding would help the firm increase its exposure in Indonesia’s booming infrastructure and construction markets. He said the facility, provided by ANZ and a syndicate of nine banks, also highlighted the firm’s ability to secure funding despite current uncertainties in the global financial markets. Earlier this month, Leighton subsidiary Thiess was awarded a US$500 million contract extension by coal producer Bayan Resources for the operation of their Teguh Abadi and Firman Ketaun Perkasa mines in East Kalimantan. Leighton also has mining contracts for leading coal miners Kaltim Prima Coal and Tanito Harum in Kalimantan, as well as the Toka Tindung Gold Mine in North Sulawasi.

5.9

6.0

5.7

5.9

Deposit Rate

5.6

Interbank Call Rate SBI

5.9

5.4 Oct 10

N

Dec

J-11

Feb

M

Apr

May

2010

J

Jul

A

Sep

26Oct

2011

INTERNATIONAL RESERVES AND TRADE BALANCE US$ Bn

Trade Balance*

US$ Mn

Net FX Reserves

124.6

3,870 3,370

3,315

2,870

120

2,528

110 99.6

2,370 1,870

130

3,462

100 81.3

1,666

90

1,370

80

870

70

370 -130

60 Aug 10

S

Oct

N

Dec

J-11 Feb

M

2010 *Starting Jan08 Imports using General Trade System

Apr

May

2011

J

Jul

Aug

GA LINGKAR JAKARTA HAS SECURED A RP1.6 TRILLION LOAN FACILITY TO FUND CONSTRUCTION OF THE 7.7-KM KEBON JERUK-ULUJAMI TOLL ROAD IN JAKARTA. The lenders were Bank Mandiri, which provided a loan of Rp1.4 trillion, and Bank DKI which provided the remainder.

Marga Lingkar president director Sonhadji Surahman said the loan would finance around 70% of the construction costs.

Construction will start this year, with commercial operations slated for end2013. The company has awarded the construction contract to state engineering firms Adhi Karya and Wijaya Karya. Sonhadji said once the Kebun Jeruk-Ulujami toll road is completed, the whole 57-km Jakarta Outer Ring Road (JORR) would be fully connected. This would allow trucks and vehicles going to industrial centers like Tangerang and Banten, currently a source of traffic congestion in Jakarta, to bypass the capital. Marga Lingkar Jakarta is jointly owned by state toll road operator Jasa Marga and the Jakarta provincial government.

ADARO ENERGY HAS ACQUIRED A 46% STAKE IN GREEN FIELD SOUTH SUMATRA COAL MINING FIRM BUKIT ENIM ENERGI IN A US$46 MILLION DEAL. The acquisition will raise Adaro’s stake in the miner to 61%. Adaro president director Garibaldi Thohir said the purchase would help the firm, which currently produces most of its coal from Kalimantan, strengthen its foothold in South Sumatra as it expands mining operations in the region. Earlier this month Adaro also spent US$18 million to acquire a minority stake in South Sumatra coal logistics firm Servo Meda Sejahtera. Bukit Enim has a 20-year mining concession over an 11,000 hectare area in Muara Enim, with coal reserves estimated at 110 million tons. The Astra Group’s United Tractors also owns a 20% in Bukit Enim.

Japan’s Toshiba is Investing US$40 million in a New Manufacturing U.S.-based Investment Facility for Washing Fund Saban Capital Machines has Acquired a 5% JAPAN’S TOSHIBA IS INVESTING US$40 MILLION IN A NEW Stake in Leading FACILITY Media Firm MNC in a MANUFACTURING FOR WASHING MACHINES. The company said the facility would US$78 Million Deal be built at the East Jakarta inU.S.-BASED INVESTMENT FUND SABAN CAPITAL HAS ACQUIRED A 5% STAKE IN LEADING MEDIA FIRM MEDIA NUSANTARA CITRA (MNC) IN A US$78 MILLION DEAL. It is the first acquisition in Southeast Asia for Saban Capital. As part of the deal, the investment fund will have a 27-month call option to acquire an additional 2.5% stake in MNC. MNC also agreed to boost its dividend payout to 45% of income starting in 2012. Saban Capital chief executive Haim Saban said he was a strong believer in Indonesia’s long-term growth prospects, and said MNC would be a prime beneficiary of the country’s burgeoning consumer economy. MNC’s operations include three free-to-air broadcasting networks, RCTI MNC TV and Global TV, which combined have around 40% of the country’s TV audience share. MNC is controlled by media mogul Hary Tanoesoedibjo.

Hary said the deal would provide MNC with a strategic partner that would help it achieve long-term, sustainable growth.

Adaro Energy has Acquired a 46% Stake in Green Field Coal Mining Firm Bukit Enim Energi in a US$46 Million Deal

dustrial park, adjacent to its LCD TV production facility. Construction will start next month, with commercial operations slated for mid-2012. Toshiba said the new facility would ultimately allow the firm to double its global production capacity of twin-tub washing machines to one million units by 2015 from 500,000 units currently. The firm said the project was part of its global strategy to expand its home appliances business into high-growth markets like Southeast Asia. Toshiba said Indonesia was its largest and fastest-growing market in the region, with sales projected to account for 50% of the company’s total sales in Southeast Asia from 30% currently..

Business Highlights are contributed to The President Post by CASTLEASIA/PT Jasa Cita from information supplied to members of their CEO Forum, the Indonesia Country Program. They are reprinted here with permission. For more information about CASTLEASIA programs, please contact Juliette or Wijayanti at 62 21 572 7321 or email castle@castleasia.com subject CEO Forum

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November 12, 2011 B7

Technology Microsoft Family Campaign Enhances Family Relationships Microsoft Indonesia has launched “Microsoft Family Campaign” to overcome time and space constraints in family relationships in the context of modern life, through a collaboration between Microsoft products and PC manufacturers.

By Jeannifer Filly Sumayku

W

Working in big cities marked by traffic congestions prevents family members to meet with each other daily—they meet on average only 1-4 hours a day. Thus members of modern families nowadays use technology to keep in touch with each other.

Microsoft has conducted a survey through the MSN portal on “Families and Technology 2011” in September 2011, covering over 3,700 respondents in seven countries in Asia, namely China, Malaysia, Philippines, Singapore, Thailand, Vietnam and Indonesia.

This survey aims to understand the various ways families utilize and combine technology in everyday life. The trend that emerges is that every family loves personal gadgets and enjoys communicating with new technology.

“The survey shows that technology has become an intrinsic part of our daily lives. People in Indonesia believe that technology helps them to communicate and connect with their families better. Therefore, Microsoft and its partners facilitate these needs through products and technology, “said Bobby Suadi, Windows

Business Group Lead Microsoft Indonesia.

The campaign is not just a sales event; Microsoft together with its partners also offer the kind of technology that can be utilized to assist communications among members of a family.

Microsoft brings more choices for Indonesian families in choosing a PC Windows 7, which corresponds to the needs of each family member. The program is supported by Acer, Asus, HP, Toshiba, Lenovo, Dell, SONY, Samsung, Fujitsu, Zyrex, Toshiba, Wearnes, Advan and C3Cube, each of which have advantages in terms of portability, mobility, performance, design, state-of-the art style, lightness and multimedia. Three main retailers, Pazia, IT Gallery and Bhinneka.com, also contribute to this program.

With Windows 7, parents can regulate the use of computers for their children to protect them from inappropriate online content. Parental Controls featured in Windows Media Center allows parents to block access to TV shows and movies that are not suitable for children.

Other Microsoft technologies that support this campaign are Windows Live Essentials, which comprised of tools for text and video chat (live messenger) as well as

sharing and editing photos/videos (Live Photo Gallery/Movie Maker), Internet Explorer 9, Game Explorer, Microsoft Security Essentials (free antivirus), Windows Media Player, and many others.

INDONESIA

• 34% of Indonesians own 4-6 gadgets, which is about the average for the Asia-Pacific region. The numbers of respondents are quite evenly spread out across all categories with almost a quarter (23%) owning more than 10 • A large number of Indonesians use SMS to connect with family members (41%), second only to China in the region (75%).

The telephone is also a popular mode of contact (27%) indicating their usage of telephone.

Instant Messenger ranks third at 17%.

• 66% of Indonesians turn to technology to check and see how family members are doing while 42% use technology to keep in touch with overseas family members.

• 63% of Indonesians would spend up to an hour each day communicating with remote loved ones during holiday seasons.

• Most Indonesians (54%) choose photos as the most often shared content with their family members.

• 64% of Indonesians will teach family members to use the Internet to help them stay in touch regularly. This is followed by the need to share multimedia content (51%).

• 47% of Indonesians regulate the use of internet (25%) and

gaming hours (22%) at home, while more than half have no rules whatsoever.

• 92% of Indonesians think that technology has had a positive impact on their family relationships, with 20% stating it has had a very positive impact.

The role of technology in family connections/relationships across 7 different markets Microsoft has conducted a survey across South-East Asia and Greater China region on September 2011 to gain insights into how technology has impacted their family relationships. The research spanned seven countries in Asia (China, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam).

It’s a Great Time to Buy Windows 7 A better desktop. Windows 7 gets you around your PC faster than ever. The taskbar has bigger buttons and full-sized previews — and you can pin programs to it for one-click access. Jump Lists provide shortcuts to files, folders, and websites. And Snap, Peek, and Shake give you easy (and fun) new ways to juggle all those open windows.

Smarter search. Type in the Start menu search box, and you’ll see results instantly, grouped by category — documents, pictures, music, e‑mail, and programs.

Search in a folder or library, and you can fine-tune your search with filters like date or file type— and use the preview pane to peek at the contents of your results.

Easy sharing with HomeGroup. Sharing files and printers

INVESTOR SUMMIT INVESTOR SUMMIT 2011

FAMILY TIME SURVEY 2011

on your home network should be simple. With HomeGroup, it finally is. Connect two or more PCs running Windows 7, and with a minimum of fuss you can start sharing music, pictures, videos, and documents with other people in your home.

Built for speed. Windows 7 has key performance improvements to take up less memory and run background services only when you need them.

It’s designed to run your programs faster and to sleep, resume, and reconnect to wireless networks quicker.

And with 64-bit support, you can take full advantage of the latest in powerful 64-bit PCs. Better wireless networking. Connecting to wireless networks on your laptop—formerly a bit of a hassle — now takes just a couple of clicks.

Choose from the list of available networks in the taskbar, click one, and then connect. Once you’ve connected to a network, Windows will remember it so you can connect again later automatically.

Windows Touch. Use your fingers to browse the web, flip through photos, and open files and folders on a touchscreen PC — for the first time, Windows includes true multitouch technology. With gestures for zooming, rotating, and even right-clicking, it’s a whole new way to work with your PC. Plays well with devices. Device Stage, a new feature in Windows 7, works like a home page for things like portable music players, smartphones, and printers. When you plug a compatible device into your PC, you’ll see a menu with information and popular tasks like battery life, how many photos are ready to be downloaded, and printing options.

Media streaming. With new features in Windows Media Player 12, you can enjoy your media library around the house — or around town.

Play To lets you stream music, videos, and photos from your PC to your stereo or TV (you may need additional hardware). And with Remote Media

Supported by:

AND CAPITAL MARKET EXPO 2011

The Ritz-Carlton Pacific Place, Jakarta | 5 and 6 October 2011 Grand City Mall & Convex, Surabaya | 23 and 24 November 2011

INVESTING IN CAPITAL MARKETS: A JOURNEY FOR A BETTER FUTURE Penyelenggara:

BAPEPAM-LK Kementerian Keuangan

THE HOST OF

INVESTOR SUMMIT AND CAPITAL MARKET EXPO 2011

would like to extend the HIGHEST APPRECIATION to Minister of Finance of the Republic of Indonesia, Mr. Agus Martowardojo for the official opening of the Investor Summit and Capital Market Expo 2011 in Jakarta Governor of East Java Province, Mr. Soekarwo for the official opening of the Investor Summit and Capital Market Expo 2011 in Surabaya Chairman of Indonesia Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), Mrs. Nurhaida Minister of Trade of the Republic of Indonesia, Mr. Gita Wirjawan Advisor to the Minister of State-Owned Enterprises of the Republic of Indonesia, Mr. Sahala Lumban Gaol Speakers Media Partners Supporting Listed Companies Exhibitors

Organizer:

Streaming, you can even stream media over the Internet from one computer running Windows 7 to another that’s miles away.

Internet Explorer 9 and Windows Live. Windows 7 unleashes the full power of Internet Explorer 9, from its stunning hardware-accelerated graphics to the ability to launch favorite websites right from your taskbar.

You’ll also get the many possibilities of Windows Live, free: create photo albums and movies, chat in HD, and share your stuff anytime, anywhere.

Nag-free notifications. Action Center, new in Windows 7, puts you in control of maintenance and security messages. You can turn notifications on or off for things like Windows Defender or User Account Control. If Windows needs your attention, you’ll see a notification on the far right of the taskbar. Click it, and you’ll get suggested fixes for any problems.

B8 November 12, 2011

The President Post

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Pictorial Events Breakfast Dialogue

All text and photos by Nandi Nanti

Breakfast Dialogue at Financial Club Jakarta with Ito Warsito, President Director of PT Bursa Efek Indonesia, speaking on “CAPITAL MARKET UPDATE “.

Present at the event were businessmen and professionals, among others Ali Basyah Suryo, Giuseppe Nicolosi, Bangkit Kuncoro, Soekartono Prawirodjo, and others.

PROPER 2011 Hyanto Wihadhi, Director of PT JABABEKA Tbk. accepting the PROPER 2011 trophy from the Minister of Environment. Jababeka is one of the 106 companies that have been honored PROPER (Program of Corporate Performance Rating in Environmental Management) for Green category.

Meanwhile five other companies received the award for Gold category. The event took place at Shangrila Hotel and attended by Vice President Boediono.

The 2nd ASEAN Regional Primary Care Organization Conference and Exhibition The 2nd ASEAN Regional Primary Care Organization Conference and Exhibition combined with The 7th Annual Scientific Meeting–Indonesian Association of Family Physicians 2011 took place at at Novotel Hotel, Mangga Dua, Jakarta.

The speakers were prominent doctors from all ASEAN countries.

MOU Pertamina-Jababeka MOU Signing between SPBU Codo by Pertamina and PT Jababeka Tbk was held at Jababeka Golf, Cikarang. Hyanto Wihadhi signed the MOU as Director of PT Jababeka.

SECTION

The President Post

2011 Review

C

Display until December 12, 2011 /// N0. 29 www.thepresidentpost.com

2011 Moments

to Remember

What will 2011 be remembered for? Several events that happened in 2011 continue to remain topics of conversation among Indonesians.

By Jeannifer Filly Sumayku

January 24 Crop Circles found in Yogyakarta

Large circle and geometric pattern local residents say were created by a UFO have been found in a rice field in Krasakan, Jogotirto Village, District Berbah, Sleman, Yogyakarta on 23rd January, 2011. The design consists of several precise geometric shapes and patterns with a size of approximately 60 by 70 meters, or 197 by 230 feet.

Thomas Djamaluddin, chief of astronomy research at Indonesia’s space agency, no investigation will be done on the crop circle simply because they ‘believe’ that there was human intervention with the crop circle and that no scientific or paranormal cause would be found anyway. Therefore, any trace evidence of radioactivity or electromagnetic activity won’t be discovered if it is in fact there.

No matter what, something spectacular has happened. The debate about the origin of crop circles still rages. While some circles have been in fact hoaxed, others have never been claimed which leaves many to speculate that it wasn’t a hoax or the person or people involved would have wanted to take some sort of credit for their hard work at some point or

another. Additionally, many crop circles do in fact emit electromagnetic and/or radioactive energies where there was none before and have been known to create physical symptoms in people investigating or visiting the crop circles including ringing in the ears, dizziness, vertigo, lightheadedness, and other peculiar signs of abnormal energy at the site.

February 9 Janet Jackson Concert Up Close and Personal

Janet Jackson’s live concert in Jakarta was a massive hit. Jackson’s tour bears the title “Janet’s Number Ones: Up Close and Personal,” and is a celebration of her second greatest hits collection, “Number Ones,” which was released in Novemb e r 2009.

www.news.bioscholar.com

Number Ones: Up Close and Personal is the sixth concert tour

by Janet Jackson, described as her “largest world tour”. The tour ranked 45th in Pollstar’s “Top 50 Worldwide Tour (Mid-Year)”, earning over 15 million dollars.

The show was held at the Jakarta Convention Center, in which she put together a well-crafted performance, peppered with cool and familiar choreographies combined with an impressive multimedia backdrop.

About 33% thinner than its predecessor and 15% lighter, the iPad 2 has a better processor, a dual core Apple A5 that Apple says is twice as fast as its predecessor for CPU operations and up to nine times as fast for GPU operations. It includes front and back cameras that support the FaceTime video calling application, as well as a three-axis gyroscope. It retains the original’s 10-hour battery life and has a similar pricing scheme.

March 2 Apple Unveils iPad 2

The iPad 2 has been available for purchase, depending on stock availability, since March 11, 2011, at Apple retail stores in the United States, as well as to United States customers shopping online at Apple’s retail website. The iPad 2 was released internationally in 25 other countries on March 25, 2011, including Australia, Canada, France, Germany, Mexico and the United Kingdom.

Apple releases the iPad 2, offering several improvements over its predecessor, while not increasing the price. The iPad 2, like the original, starts at $499. Apple’s competitors in tablets cannot beat or even match that price. Apple has sold 15 million of the original since the iPad’s release last April, generating $9.5 billion in revenue. www.justjared.buzznet.com

March 4 – 6 The Seventh Java Jazz Festival

On its seventh year, Java Jazz has once again lined up an impressive array of local and international acts that were performing at the Jakarta International Expo in Kemayoran.

Highlighting the event are two legendary names in the music business: Carlos Santana and George Benson.

Festival organizers said that a total of 150,000 tickets had been sold for this year’s festival, breaking the previous record of 103,000 tickets last year.

March 19 The Supermoon

On March 19, Earth’s satellite was at its closest point to our planet in 18 years – a mere 356,577 kilometers away. The event – also called a lunar pericontinue to page C2

The President Post

C2 November 12, 2011

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2011 Review from page C1 gee – was dubbed a “supermoon” by astrologer Richard Nolle back in the 1970s. The term is used to describe a new or full moon at 90% or more of its closest orbit to Earth.

The size and brightness of an object follows an inverse-square law, which means that a full moon at perigee is 12% larger and brighter than an average full moon.

The association of the Moon with both oceanic and crustal tides has led to claims that the supermoon phenomenon may be associated with increased risk of events such as earthquakes and volcanic eruptions. However, the evidence of such a link is widely held to be unconvincing.

Bieber and Maroon Five Mesmerized Jakarta

April was a month of dazzling international artist concerts in Indonesia. On April 23rd 2011, every dream of teenagers and those young at heart all over Indonesia was fulfilled, as the phenomenal teenage prodigy Justin Bieber came and performed live in front of some 10,000 audience at the Sentul International Convention Center, at the outskirt of Jakarta. The show was a part of the worldwide tour entitled “My World” Tour, and marked the first time ever Justin Bieber performs in Indonesia.

The Grammy Award-winning band, Maroon Five, hypnotized Jakarta when performing the top tracks from bestselling albums with fans during the concert at Istora Senayan on April 27th.

April 29 The Royal Wedding

The wedding of Prince William, Duke of Cambridge, and Catherine Middleton took place on 29 April 2011 at Westminster Abbey in London. Prince William, the eldest son of Charles, Prince of Wales, first met Catherine Middleton in 2001, when both were studying at the University of St Andrews. Their engagement on 20 October 2010 was announced on 16 November 2010.

Over 5,000 street parties were held to mark the Royal Wedding throughout the United Kingdom and one million people lined the route between Westminster Abbey and Buckingham Palace. In the United Kingdom TV audiences peaked at 26.3 million viewers with a total of 36.7 million watching part of the coverage. The ceremony was viewed live by tens of millions more around the world including 72 million on the YouTube Royal Channel.

June 27 Richard Gere’s Visit to Borobudur Gere was in Indonesia as part of his pilgrimage and spiritual practice in one of the most unique mandala (centers of the universe) in the world. Gere realizes Indonesia is a country where compassion and wisdom originated. He knows that 1,000 years ago, a renowned Buddhist philosopher, Atisha Dipankara from Bengali, came to Indonesia to learn about the perfection of ethics for 12 years in the Sriwijaya Kingdom in Sumatra, and Borobudur, before he eventually saved Tibet from moral destruction in the 11th century.

Gere is a practicing Buddhist and an active supporter of the Dalai Lama as well as a strong advocate of human rights in Tibet.

Gere puts a high premium on the sincerity and practices of Buddhism, and meditates daily. As he sees it, meditation helps him set his motivation for the day.

October 5 Steve Jobs Dies www.fashtrendz.com

Steve Jobs, billionaire co-found-

www.interviewmagazine.com

er of Apple and the mastermind behind an empire of products that revolutionized computing, telephony and the music industry, has died in California at the age of 56.

Jobs stepped down in August as chief executive of the company he helped set up in 1976, citing illness. He had been battling an unusual form of pancreatic cancer, and had received a liver transplant in 2009.

Losing their founder has been hard for fans and employees of the company so Apple made a section “Remembering Steve” on their website which is made up of tributes and condolences from fans who wish to express their gratitude.

October 18 Jogja’s Royal Wedding

If London had its royal wedding earlier this year, the Palace of Yogyakarta Hadiningrat also held Java’s own grand royal wedding between Princess Gusti Raden Ajeng Nur Astuti Wijareni, youngest daughter of the Sultan of Yogyakarta, and Achmad Ubaidillah from Lampung in Sumatra.

The entire festivities were held for four days from October 16-19, 2011, with the actual wedding ceremony taking place on Tuesday, October 18, 2011. The date

chosen for this memorable occasion was carefully determined through ancient and sophisticated Javanese calculations based on the dates of birth of both the bride and the groom.

October 18 Indonesia’s New Cabinet

President Susilo Bambang Yudhoyono announced a long-anticipated cabinet reshuffle in a bid to reform his graft-ridden government and improve investor confidence during his last term. The long-awaited cabinet reshuffle included leadership changes in 12 of the country’s 34 ministries, focused on improving economic management in a nation hampered by poor infrastructure and endemic graft.

October 28 David Foster and Friends Live Concert

David Walter Foster, or David Foster (62) musician, producer, singer, songwriter, and composer from Canada performed in Jakarta Convention Center (JCC) Senayan, South Jakarta, on October 28, 2011.

David Foster was successful in winning the hearts of the audience at a concert in Jakarta, “Returns Hit Man: David Foster and Friends Asian Tour 2011”. Last

year, Foster brought along Natalie Cole, Peter “Chicago” Cetera, Rubben Studdard, Canadian Tenors, and a new talent from the Philippines, Charice Pempengco. This year Foster came with Michael Bolton, Philip Bailey, Ashanti, Russell Watson, and, again, Charice.

Foster sprung a surprise: Two Indonesian teenagers, Zaneta Naomi (13) and Putri Ayu (14), performed. Foster called them “two great talented singers”. The two teenagers proved that the maestro did not chose them in vain. Zaneta looked stunning with “Listen” (a Beyonce song), and Putri with her soprano voice brought Andrea Bocelli singing “Con Te Partiro (Time to Say Goodbye)”. After recognizing the talents of Zaneta and Putri, Foster said that he will never stop looking for new stars.

November 2011 Indonesia Overall Champion of Sea Games XXVI

The 26th Southeast Asian Games was held in Jakarta and Palembang, Indonesia, on 11 until 22 November 2011. This marked Indonesia’s fourth time as host of the SEA Games; it last hosted the Games in 1997.

Indonesia garnered 182 Gold Medals, 151 Silver Medals, 143 Bronze Medals, a total of 476 medals, making it the overall champion of the Games, with Thailand as runner-up.

The Indonesian Southeast Asian Games Organizing Committee (INASOC) chairwoman Rita Subowo handed over the SEA Games Federation flag to a representative of Myanmar as a gesture of the continuance of the hosting work for the next Sea Games in 2013.

The 3rd Jababeka International Cultural Festival

Jababeka International Cultural Festival (JICF) was successfully held for the third time at Indonesia Movieland, Jababeka. This year’ theme is “The Power of Culture”, featuring live music, dance and traditional and modern food

festival.

The festival is expected to be a forum to exchange ideas, philosophy, information, art and other cultural aspects between countries, in order to speed up common understanding and two-way diplomacy to strengthen relations between international communities in Indonesia.

Visitors at the festival enjoyed performances of traditional dances from various regions in Indonesia, Brunei Darussalam and China; traditional music from South Korea and modern music from the famous Indonesian d’Masiv.

November 22 Ibas and Aliya Grand Wedding at Cipanas

President Susilo Bambang Yudhoyono’s second son, Edhie “Ibas” Baskoro Yudhoyono, and Coordinating Economic Minister Hatta Rajasa’s daughter, Siti Rubi Aliya Rajasa, were married during an elaborate ceremony at the Cipanas Palace on Thursday.

An estimated 1,000 people were invited to the wedding. House of Representatives Speaker Marzuki Alie, Great Indonesia Movement Party (Gerindra) founder Prabowo Subianto and Golkar Party chairman Aburizal Bakrie were among the guests.

Outside the palace, Cipanas residents observed the wedding on a giant screen erected especially for the occasion.

A number of schools in the area had shut, with school-aged children joining the crowd watching the big screen.

Ibas held a Javanese bathing ritual at Yudhoyono’s private residence in Puri Cikeas, West Java, attended by a limited number of guests, mainly members of the First Family.

the Kutai Kartanegara residents in East Kalimantan — collapsed during peak hours. The suspension bridge, which connects Tenggarong Seberang and Tenggarong City, collapsed when the traffic was busy, and the bridge was in the middle of repair work. The accident caused a number of vehicles to fall into the river and killed at least 21 people Coordinating Minister for People’s Welfare said the local government had allocated a Rp100 billion to rebuild the bridge while the rest of the fund for the reconstruction would come from the central government.

November 30 LA Galaxy vs Indonesia Selection

The LA Galaxy got their Asia Pacific Tour off to a rousing success with a 1-0 win over the Indonesia Selection on Wednesday night at Gelora Bung Karno Stadium in Jakarta. Playing in his first-ever friendly as a member of the Galaxy, Robbie Keane scored the game’s only goal in the 14th minute to give the Galaxy the win. The team headed to the Philippines on Thursday for the second game of their tour, which conclude in Melbourne, Australia on December 6.

Galaxy coach, Bruce Arena admitted it wasn’t easy for his team to achieve a victory over the Indonesia Selection, and he also stated his opponents had many talented players. In addition, Arena has also paid special attention to Andik Vermansyah and Greg Nwokolo. According to the former United States national team coach, they could be considered for a trial by the LA Galaxy.

November 28 Tenggarong Bridge Collapsed

The 710 meter, longest suspension bridge in Indonesia — pride of

www.kanalbola.com

The President Post

www.thepresidentpost.com

November 12, 2011 C3

Leadership

PEC: The Club for Public Private Partnership

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usiness people are often judged as persons only interested in profit. Apparently, that is not the case with Indonesian business people, at least the tycoons who founded the President Executive Club (PEC). For in reality, they are also deeply concerned with the social, economic, and political issues in Indonesia and, perhaps more importantly, are making efforts to create a better Nation and People.

There are four important goals that they aim for.

Firstly, poverty alleviation. Secondly, creating a social structure to prevent the growth of fundamentalism or extremism. Thirdly, enhancing rule of law that meets the people’s sense of justice. Fourthly, raising the ethical standards of all levels of society.

They also realize that political leadership has a huge impact on the pace and the success rate of their efforts.

In fact, without sound political leadership, these efforts can hardly bring about results. As such, they devote strong attention to promote the conditions in which good political leaders can be identified and elected. Their criteria of sound political leaders are integrity, strong advocacy for pluralism, good leadership and management acumen. As they are committed to see PEC as a non-partisan organization, the founders are not affiliated to any political party. However, they are set to play an active role in supporting activities that will produce great political leaders for this great country.

SD Darmono, 62

Arifin Panigoro, 66

SD Darmono is the initiator of the Club. Several years ago he realized that Indonesia needed an informal forum for Business People, Government Officials, and Intellectuals to discuss and resolve many national issues. Thanks to his perseverance, this Club came into being with prominent people as co-founders. Today, SD Darmono is at the helm of the Club as Chairman.

Arifin is the Founder and Owner of Medco Group, an oil and gas company that has expanded its line of business into energy (power plants) and agroindustry. Its business coverage extends to Libya and other countries.

SD Darmono is the Founder and President Director of Cikarang, West Java-based listed property company PT Jababeka, the developer of the country’s (and Southeast Asia’s) largest industrial estate. The township, which covers 5,600 hectares or 10% of Jakarta, has expanded over the years to include residential homes, a university, hospitals, a botanical garden, a golf course, Movieland and a dry port.

He has widely acclaimed as one of the most creative business persons: he turned undeveloped land into one of the most advance industrial properties in Indonesia.

One of the institutions he built is President University, a truly global university in Cikarang that produces international-quality graduates.

two years ago, Dr. Boen has been focusing on his Stem Cell & Cancer Institute.

He is ranked 12th in Forbes Indonesia’s 40 Richest in 2011, with a net worth of $2 billion.

Ciputra, 80 His Ciputra Group, which he founded as a property developer, is a conglomerate of eight listed companies. Ciputra controls five business groups, namely Jaya, Metropolitan, Pondok Indah, Bumi Serpong Damai, and Ciputra Development, all of whose core business is property.

His new town projects cover Greater Jakarta to Surabaya and Vietnam with a total area of over 20,000 hectares. The 11 new cities are Bumi Serpong Damai, Pantai Indah Kapuk, Puri Jaya, CitraRaya Nuance City Arts, City Park Bintaro Jaya, Pondok Indah, Citra Indah, Taman Metropolitan City, CitraRaya Surabaya, Sidoarjo New City, and Citra Westlake City Hanoi, Vietnam. His commercial property projects are very classy and a trend- setter in its field. Moreover, the projects also have become magnets for growth in the surrounding areas.

Ciputra is ranked 27th in Forbes Indonesia’s 40 Richest in 2011 with a net worth of $950 million.

Popularly known as Doctor Boen, he has a PhD in pharmacology. In 1966 he founded Kalbe Farma with five siblings and built it into country’s largest listed pharma outfit, which recently started selling healthy drinks made by Thailand’s Tipco Foods.

Kalbe has also branched out to research and development, which is conducted by a company based in Singapore, Innogene Kalbiotec Pte Ltd. Since stepping down as Kalbe’s president commissioner

Juwono Sudarsono, 69

Theodore P. Rachmat, 68

Juwono Sudarsono has served as Vice Governor of the National Defence College or Lemhannas (1995-1998); Minister of State for the Environment (1998) under President Soeharto; Minister for Education and Culture (1998-1999) under President B.J. Habibie; Minister for Defence (1999-2000) under President Abdurrahman Wahid; Ambassador to the United Kingdom (20032004) under President Megawati Soekarnoputri; and Minister for Defence (2004-2009) under President Susilo Bambang Yudhoyono.

Teddy Rachmat began his career at Astra Internasional, rising from the bottom to the position of President Director. After he resigned from Astra, he founded Adira Finance, whose market value quickly rose and was later sold with a hefty profit. His Triputra Group owns several companies in coal mining, palm oil plantations, and energy.

Apart from his interests in defense strategy, management and planning, Juwono Sudarsono strongly believes in “non-military defence”, including the defence of human resources and skills, of science and technology, as well as the defence of social justice and cultural values as constant processes of nation and character building.

Eddie Lembong is Founder and President Director of PT Pharos, one of the largest and leading pharmaceutical companies in Indonesia. PT Pharos Indonesia produces a wide range of ethical, OTC, generics, and specialty lines, including licensed manufacturing for multinational pharmaceutical companies.

Eddie is also a social activist; he is the founder of Perhimpunan INTI (the Chinese-Indonesian Association) that promotes the roles of ethnic Chinese-Indonesians. He also founded Yayasan Nabil (Nabil Foundation). Nabil is the acronym for Nation Building.

Teddy is also a highly respected figure within Indonesian government circles. He is a member of the Dewan Ekonomi Nasional (National Economics Council), and is a member of the 24-strong Komite Ekonomi Nasional (National Committee for Economics).

Teddy is ranked 12th in Forbes Indonesia’s 40 Richest in 2011 with a net worth of $1.4 billion.

Well-known as a prominent banker, Mochtar built the diversified Lippo Group from scratch, comprising financial services (banking, investment, securities, insurance, asset management and mutual fund), property (satellite cities, housing, condominiums, shopping malls, office buildings, and industrial sites), and infrastructure (power plants, gas production, roads, sanitation, and communications). He recently set up Nobu Bank but is nowadays much more involved in social activities by founding Siloam Hospital, Pelita Harapan University, and the Mochtar Riady Cancer Center.

Lippo has also established businesses in Hong Kong, China, and other countries. Mochtar is also a highly respected figure in the academic world, as he was the Chairman of the Majelis Wali Amanat of the University of Indonesia.

Mochtar is ranked 38th in Forbes Indonesia’s 40 Richest in 2011 with a net worth of $650 million.

butions to public service, Lee was honoured with several accolades, including the Public Administration Medal (Silver) in 1996, the Public Administration Medal (Gold) in 1998, the Long Service Medal in 1997 and the Meritorious Service Medal in 2006.

In 2007, he was conferred the highest civilian award by the Indonesian Government – the Bintang Jasa Utama (the Star of Excellent Services) – for his large contribution in building up stronger and closer relations between Singapore and Indonesia.

Jacob Oetama, 80 Jacob is the most respected person in Indonesia’s media business. He owns Kompas Gramedia Group, which runs the country’s leading daily newspaper KOMPAS and other print publications. His group has expanded into other businesses such as hotels (Santika Group) and KompasTV.

Joe Kamdani, 70 Owner and chairman of PT Datascrip, a company that imports and distributes major modern office equipment made by Canon and Sanyo.

Also owns PT Matahari Alka, which produces office equipment in Cikarang.

Edward Lee Kwong Foo, 64

Trihatma K. Haliman, 59

Mochtar Riady, 83

Eddie Lembong, 75

Boenjamin Setiawan, 78

well as companies operating condominiums, restaurants, travel agencies, hospital, and university.

Trihatma Kusuma Haliman owns PT Agung Podomoro Land Tbk, the country’s largest property developer, and has been its CEO since 2004. Trihatma has more than 40 years of experience in the real estate business.

His latest Central Park complex, which combines shopping mall, office nuildings, and condominiums in one gigantic area, is one of the most phenomenal property creations.

Trihatma is ranked 39th in Forbes Indonesia’s 40 Richest in 2011 with a net worth of $640 million.

Sukamdani Gitosardjono, 83 Sukamdani is the owner of Sahid Group, which comprises of hotels in Solo, Semarang, Yogya, Surabaya, Manado, Pekanbaru, Jakarta and other big cities, as

Edward was Singapore’s Ambassador to Indonesia in 1994 and retired in 2006 after 36 years with the Foreign Service Branch of the Singapore Administrative Service in various senior positions across Asia-Pacific.

As his first posting to Indonesia was in 1974, Lee has served a total of 18 years in the Singapore Embassy in Jakarta. He also served as Ambassador to the Philippines (1990 to 1993) as well as High Commissioner to Brunei Darussalem (1984 to 1990) For his long-standing contri-

Teguh Satria, 64 Former chairman of Real Estate Indonesia (REI) and current chairman of the International Real Estate Federation (FIABCI).

The President Executive Club Founders • SD Darmono (Chairman) • Ir Arifin Panigoro • Dr Boenjamin Setiawan, PhD • Ir Ciputra • Drs Eddie Lembong • Prof Juwono Sudarsono • DR Mochtar Riady • Ir TP Rachmat • Trihatma K. Haliman • DR Sukamdani Gitosardjono • Joe Kamdani • Teguh Satria Advisors • Jacob Oetama • Edward Lee

Office MenaraBatavia 25th floor Jl. KH Mas Mansur Kav. 126, Jakarta 10220 INDONESIA Tel: 021-5727278 Fax:021-5727338

Executive Director • Dr Bayu Prawira Hie

Email: pec.indonesia@gmail.com

The President Post

C4 November 12, 2011

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Tourism RI Tourism Ready to Compete in ASEAN Indonesia`s human resources in the tourism sector would play a dominant role within the ASEAN region.

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As a member of ASEAN, Indonesia, its tourism industry in particular, is ready for the establishment of an ASEAN Community by 2015 when trade, services and manpower will flow freely within the region.

“Beginning in 2015, manpower in the tourism sector will flow freely within the Association of South East Asian Nations (ASEAN), but we are optimistic that the competitive edge of Indonesia`s human resources in the tourism sector is already strong,” Head of Tourism Resources Development Agency of the Tourism Ministry I Gde Pitana said recently.

Indonesia`s human resources in the tourism sector would play a dominant role within the ASEAN region. To support this role, I

ism academies under the tourism ministry.

I Gde Pitana Head of Tourism Resources Development Agency of the Tourism Ministry Gde Pitana`s office had been making various efforts, among others, research, development and training.

“The research we have conducted is not always scientific in nature but practical so that it can be applied by industry at the technical and policy levels,” he said.

In the field of education I Gde Pitana`s office had set a target of increasing the number of graduates from higher learning institutes in tourism studies and tour-

“We are optimistic because several indicators show that the competitive edge of our human resources in the tourism sector is improving,” he said. He said that in 2009, the World Economic Forum (WEF) placed Indonesia`s tourism human resources in the 40th position among 133 countries in the world. Moreover, Indonesia had for a long time been using a tourism educational curriculum based on the ASEAN Common Competency Standards for Tourism Professionals (ACCSTP). These standards were being aplied in the whole ASEAN region.

About 80% of the curriculum`s contents had been proposed by Indonesia which had been applying the principles for a long time.

“This means that graduates from Indonesian tourism schools, particularly higher learning institutes and academies, will be treated on equal footing with those from other countries within ASEAN,” he said.

Mandalika Developed into World Tourist Resort www.mandalikaresortlombok.com

West Nusa Tenggara (NTB) province is expected to have a world-class tourist resort comparable to Bali, when the Mandalika Resort Development project in Central Lombok District is completed.

The development of the US$3 billion Mandalika Resort which is expected to attract one million tourists annually began on Friday when President Susilo Bambang Yudhoyono officiated at its groundbreaking function.

Sitting on a 1,175 hectare area in Kuta, Pujut subdistrict, Central Lombok, the Mandalika Resort will be developed into one of the national tourism icons, even of the world, Chief Economic Minister Hatta Rajasa said.

For the development of the Resort Area, at least six Memorandums of Understanding (MoU) on its development were signed in conjunction with the groundbreaking ceremony on Friday.

The MoUs concerned cooperation between PT Bali Tourism Development Corporation (BTDC) and its partners such as PT Global International, Global Land Development (MNC group) and PT Canvas Development (Rajawali Group).

MNC Group through PT Global Land Development will build an integrated park as part of the development of Mandalika Resort area. Chief Commissioner of PT Global Land and Development Budi Rustanto and President Director of PT Bali Tourism Development Corporation (BTDC) Ida Bagus Wirajaya signed a Memorandum of Understanding (MoU)

Mandalika Resort Masterplan on the development of Mandalika Resort.

Global Land will develop an integrated park in the form of Disneyland, an underwater park and a technical park. MNC Group in the meantime will build a Formula I Circuit track, a plenary room for concert events, a seaport for excursions and other ships. The other investor which also signed MoUs with BTDC was Rahmat Gobel who owns PT Gobel Internasional.

The Gobel Group will develop environmentally friendly technological facilities such as water and water waste treatment, solar system and other environmentally friendly facilities. Gobel will also build hotels, villa and a high end resort.

Rajawali Group will also develop hotels, villas and high end resort at Tanjung Ann area.

PT BTDC President Director I Bagus Wirajaya said his side had also signed MoUs with eight other investors for the development of Mandalika Resort, apart from the three major investors and four others in the educational field

According to Hatta Rajasa, the signing of the MoUs constituted the start of the development of Mandalika into gaining a significant progress. “We are predicting that in the 2015-2025 period, millions of tourists will be visiting NTB so that its domestic incomes will increase four times,” the minister said The development of Mandalika Resort, he said, is expected to cost over $3 billion, or about Rp27 trillion. “Of the total, some $250 million or about Rp2.2 trillion will come from state-owned firms (BUMN),” Rajasa said in his report to President Yudhoyono.

Hatta said that most of the funds used to develop the tourist resort area came from investor partners collected by state-owned PT Bali Tourism Development Corporation (BTDC).

It is projected that tourists visiting NTB will continue to increase from year to year, and for the Mandalika Resort area it is expected to be visited by about one million tourists when its infrastructures have been built.

Sabang Tourism Pins Hope on New Minister The natural seaport city of Sabang on Weh Island in the western part of Aceh province which is rich in marine tourism potentials is waiting for the new tourism minister`s help to develop its tourism.

Sabang which has a natural deep-sea port sits on Weh Island where the extraordinarily beautiful submarine biota and scenery constitute great potentials for the development of marine tourism.

With these potentials, local tourism operators are convinced that newly appointed Tourism and Creative Economy Minister Mari Elka Pangestu will not ignore it and extend a helping hand to develop and advance Sabang`s tourism.

“The central government will not ignore Aceh`s tourism potentials but will continue to pay attention to its development, particularly the development of Sabang tourism,” Aceh tourism operator Zulfikar said.

“At least, Sabang, which is now developing itself into a national tourism destination should be promoted as a venue for national and international tourism events,” Zulfikar said.

Sabang`s Tourism and Culture Service Yusfah Hanum also expressed hope that Minister Mari Elka Pangestu would launch intensive promotions to introduce the tourism potentials of Sabang Islands.

“I am confident that Madam Mari Pangestu would come to see herself the tourism potentials of Sabang whose beauty has been well-known not only by local tourists but also foreign ones.

These potentials should be developed so that it would be comparable to other popular tourism destinations in the country,” Yusfah said.

A number of investors have in the past several months come to

Sabang to explore the possibility of building star-rated hotels in Sabang, about 14 miles away from Banda Aceh City.

Tourism observers and foreign visitors admitted that Sabang had beautiful tourism objects such as the undersea natural panorama at Pulau Rubiah, the white sand beach of Gapang and a number of other tourist destinations in the Weh Island.

International tourists who have visited Sabang have come back to Sabang such as those who took part in the recent Sabang International Regatta 2011, a yacht festival, where at least 11 yachts came from the Netherlands, Britain, the United States, Australia, Malaysia and Thailand. Sabang Internasional Regatta 2011 was aimed at introducing maritime tourism potentials of the island which has a population of 30 thousands and a target of attracting at least 10,000 tourists annually.

“Hollywood Films Promote Tourism” www.megindo.net

“Eat, Pray and Love”, a film version of Elizabeth Gilbert`s best selling memoirs “Eat Pray Love”, starring superstar Julia Robert, has been effective in promoting Bali, known as the “Island of the Gods”.

In 2009, filming on “Eat, Pray, Love,” took place in several locations including Banjar Bentuyung, Banjar Nyuh Kuning, Pengosekan, the Ubud Art Market, Jimbaran and Monkey Forest Park, Bali.

The Hollywood movie showcases the spectacular Indonesian landscape and Balinese culture which Ubud is famous for. Thanks to the film, Ubud has turned into a popular resort for relaxation, and inspiration. Ubud was even voted as The Top City in Asia and The Friendliest City by readers of Conde Nast Traveler magazine.

Bali Island has become a destination of spiritually-themed tourism and has been repopulated by tourists looking to develop their spirituality. The number of foreign tourists visiting Bali Island during January-September 2011 period reached 2,052,083 people, or up 10.36% from the 1,859,459 foreign tourists in the same period in 2010.

Witnessing “the power” of the Hollywood film in luring foreign tourists to Bali, new Tourism and Creative Economy Minister Mari Elka Pangestu has invited more foreign

“Eat, Pray and Love”, starring superstar Julia Robert and Javier Bardem, has been effective in promoting Bali, known as the “Island of the Gods”.

Mari Elka Pangestu Tourism and Creative Economy Minister film producers to make films in Indonesia.

“The government will encourage more international (film) producers to choose Indonesia`s panorama and nature for their films,” Minister Pangestu said on Sunday. International films using Indonesia`s panorama as their backgrounds will have significant

benefit for the national tourism promotion, she said.

The minister visited the shooting location of Hollywood film entitled “I, Alex Cross” which is directed by Rob Cohen, at Jasri village, Karangsem sub district, Bali Province, on Sunday. She particularly invited Hollywood film directors to shoot films in Bali, the country`s most famous tourist resort. “It will give significant impacts on Indonesia,” she said.

“The choosing of Indonesia as a shooting location is a chance to promote the tourism destination.

For sure, it gives an opportunity to the film industry, in this chase the creative industry in Indonesia, to participate in the making of this film,” Minister Pangestu said.

When the film is released in mid 2012, it will help strengthen the branding or image of Indonesia internationally, she said, adding that the movie, like “Eat, Pray, Love”, will also help attract foreign tourists to Indonesia.

The film stars Tyler Perry, Jean Reno (“Ronin”, “Leon: The Professional”, “The Da Vinci Code”, “Pink Panther”, and “Hotel Rwanda”), Matthew Fox, Edward Burns, Rachel Nichols, and Jessalyn Wanlim.

The filming of “I, Alex Cross” is being facilitated by Bali Film Center and Syzygy Production.

The President Post

C6 November 12, 2011

www.thepresidentpost.com

Living Why Are Unhealthy People So Reluctant to Change Their Lifestyles? www.cookinglight.com

People who have already suffered heart trouble, diabetes or other lifestylerelated illnesses — people who intimately know the consequences of their behaviors — often have an especially hard time turning things around.

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Nobody’s perfect. We all have bad habits we just can’t seem to shake. Cigarettes have a hold on some people; others can’t say no to alcohol, sweets or a life on the couch in front of the television.

As much as we may want to make more healthful choices, change is difficult. Even the awareness that our behaviors can harm us often isn’t enough to make us mend our ways.

And you might think that an overweight person would slim down after a heart attack. But often, not so. Researchers at Washington University in St. Louis followed a group of more than 1,200 overweight men and women for a year following a heart attack. Their study, published in the American Heart Journal in 2007, found that individuals lost an average of just 0.2% of their body weight. For a 220-pound man, that would translate to less than 1 pound of weight loss.

Amazingly, people who have already suffered heart trouble, diabetes or other lifestyle-related illnesses — people who intimately know the consequences of their behaviors — often have an especially hard time turning things around. It seems it takes more than a wake-up call, even a lifethreatening one, to get people to give up their unhealthful ways.

At least 40% of smokers who survive a heart attack are still puffing away a year later.

If a heart attack isn’t enough to get a person’s attention, what about cancer? You can probably guess by now. In a 2008 study in the Journal of Clinical Oncology, Canadian investigators examined the lifestyles of more than 9,000 cancer survivors and found that only a few had made the switch to a healthful lifestyle. Although most had given up smoking, fewer than 20% were consuming five servings of fruits and vegetables a day and less than half were en-

gaging in regular physical activity.

Only 1 out of every 20 survivors was following all three principles of healthful living.

Researchers at Brigham and Women’s Hospital in Boston examined the effect of smoking cessation on the risk of dying after a heart attack. Their work, published last year in the Journal of the American College of Cardiology, found that smoking significantly decreases life expectancy after a heart attack and that smokers’ prospects improve dramatically if they give up the habit. Individuals who quit after their first heart attack were 37% less likely to die of another attack compared with those who continued to smoke.

Other studies have found that heart attack patients who go through exercise-based rehabilitation reduce their risk of dying by about 30%.

The power of lifestyle changes isn’t unique to heart trouble. Quitting smoking improves the out-

Put Your Stress on Vacation Got stress?

If you answered no, hooray for you! (And, by the way, what planet are you from?)

But if you answered yes (like any normal member of the human race), you’re likely heartened by the arrival of vacation season.

Just the ticket for a little stress-reduction.

And that can have some big payoffs. It can lower your blood pressure, boost your immune system and help you live longer. It may even make you smarter.

“A vacation is not a luxury,” says Jens Pruessner, an associate professor in the departments of psychology, psychiatry, neurology and neurosurgery at McGill University in Montreal. “It’s an investment in your health.”

Most of what scientists know about the brain and chronic stress comes from studies of rodents, whose response systems are very much like ours (perhaps disconcertingly so) and who therefore make good stand-ins for us. But rodents rarely pack their bags and head for the beach when summer rolls around, so it’s harder to use them as models for vacationers.

Nonetheless, researchers have learned enough to make some useful suggestions:

Plan ahead

A vacation is a chance to get away from many of the stresses you can’t get away from in your everyday life (your boss, your commute, the chaos that is your home). Of course, it can also introduce new ones. But while some of these may be out of your control — bad directions, missed connections, loud neighbors in hotels with thin walls — planning ahead can forestall others. If it’s stressful for you to be around your inlaws, don’t arrange a monthlong camping trip with them. If you’re afraid of airplanes, pick a destination you can drive to instead — and don’t get talked into skydiving lessons. If you suffer from separation anxiety, don’t go anywhere Spot can’t go too.

Making your vacation as stressfree as possible pays off, according to a 2010 study in the Netherlands. When researchers looked at how happy people were after taking vacations, only those who felt very relaxed while they were away were happier than people who hadn’t taken a trip at all.

But the same study found that people who were busy planning a vacation were happier than those who had no vacation to plan — so even when a vacation turned out to be a dud, the time spent

planning it may have made it all worthwhile.

One caveat: For some people, going on vacation may be more stressful than not going — perhaps because of money concerns or because they’re just not comfortable being away from home or from work. In such cases, it may be that no amount of planning can make a vacation a good idea.

When researchers looked at how happy people were after taking vacations, only those who felt very relaxed while they were away were happier than people who hadn’t taken a trip at all.

Make sure it’s fun

This is not exactly shocking news, but it is nice to know for a scientific fact that fun is good for you (and your brain). A study published last year in the Proceedings of the National Academy of Sciences found exactly that. In rats, anyway.

“It doesn’t get rid of stress, just lowers it, across all aspects of the hormonal system,” says study coauthor James Herman, director of the Laboratory of Stress Neurobiology and professor of psychiatry and behavioral neuroscience at the University of Cincinnati.

To confirm the pleasurability hypothesis — and to show that it held for more than just taste — other rats were allowed daily visits with “pliant females” for two weeks, Herman says, and they too showed the same stress reductions.

To travel or not?

Even if you love to travel, at times the hairy logistics can present you with plenty of opportunities to blow your cool. On the other hand, a situation is only stressful if you perceive it to be. “A lot depends on your appraisal of the evidence,” says Carlos Grijalva, a professor of psychology and behavioral neuroscience at UCLA. “How you evaluate the situation is critical.”

True, it’s hard to put a positive spin on the situation if you’re standing at the end of a milelong line and your flight is due to take off in five minutes. But it may be possible to perceive an irritating seat mate as a chance to

in 4 had been given exercise recommendations and less than half had been asked about their smoking habits.

Even patients who know they should adopt more healthful habits and are determined to do so have trouble, however. “A lot of people don’t change because they don’t know how to change,” says Janice Prochaska, president of Pro-Change Behavior Systems, a behavior change firm. Getting people to alter their habits is extraordinarily difficult, and, for most people, it isn’t something that happens overnight, she says.

hone your social skills or lost luggage as an excuse to spiff up your wardrobe.

The post-vacation brain

Some studies with rats have shown that stress can actually shrink parts of their brains, and a 2009 study in the Proceedings of the National Academy of Sciences found that it probably shrinks your brain too.

In the parallel human study, medical students who’d spent a month preparing for stage one of the medical board exam were tested on an attention-shifting task as close to the day of their medical exam as possible. Then they were tested again a month after the test, when their sources of stress were way down.

They too performed relatively poorly the first time they did the task, when they were badly stressed, and much better — just as well as a control group — after an essentially stress-free month.

The researchers could not, of course, get direct evidence that there was dendrite shrinkage in the med students that was subsequently reversed. But they inferred that this happened, since the results of every other aspect of the studies were so parallel, says study lead author Dr. Conor Liston, a research fellow in the department of psychology at Weill Cornell Medical College in New York.

How long a vacation?

“How long it takes you to relax after a stressful period of time depends on how quickly you can reset your perspective on life,” says George Slavich, an assistant professor at the UCLA Cousins Center for Psychoneuroimmunology.

“Taking a relaxing trip to Hawaii can help, but it’s not necessary, nor is it always sufficient. No tropical vacation can help if the stress is mostly in your head.”

On the other hand, Pruessner says, when you’re on vacation, you probably have more time than usual for self-reflective thought, which could help you recognize that your stress is mostly in your head — and maybe even work on getting it out of there.

In the medical student study, a month was enough to make stress-impaired brains get their groove back. But wait! Don’t snort. Sure, a month off is inconceivable. But it’s possible that less time could do the trick too.

“Ideally, you don’t want to wait too long to take a vacation,” he says. “You don’t want to get to that third stage.” (health@latimes.com)

come of diseases such as diabetes and emphysema, while weight loss improves asthma, sleep apnea and many other conditions.

The benefits of physical activity extend well beyond the heart too.

Exercise can be helpful in combating depression and controlling high blood pressure. There’s also some evidence that it has a pro-

tective effect against some types of cancer. Several studies have demonstrated that women with breast cancer who participate in regular physical activity reduce their risk of breast cancer deaths by 50% or more compared with those who remain physically inactive.

But not all patients get this mes-

sage, partly because doctors often fail to provide sufficient counseling and guidance. Researchers at the Centers for Disease Control and Prevention asked more than 1,600 cancer survivors if their physicians had discussed lifestyle issues with them following their diagnosis. Only 30% had received guidance about diet, just 1

After that, there’s a period of preparation most people go through. Rather than jumping straight into action, they begin by making small adjustments in their lifestyle. Someone committed to increase his or her activity level, for example, may go for a few short walks; someone attempting to lose weight might start to scale back on desserts.

Trying to rush through the steps of change too quickly can be a setup for failure. “Some people who jump too quickly into action regress and then feel demoralized,” Prochaska says.

It’s hard to think of illness as an opportunity but, in fact, for many people it is. It’s an opportunity to stop pretending that our bad habits don’t hurt us and to take the initiative to make healthful change.

Or at least it should be.

The President Post

www.thepresidentpost.com

November 12, 2011 C7

Health Stroke at 22: Honoring the Lessons 20 Years Later

www.starpoli.com

When I drift into self-pity, stress or just general negativity, I try to pull myself back and remember the days when all that mattered was walking and talking. My biggest fear is having another stroke. That gives me perspective.

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Lying in the back of the ambulance, unable to move my right arm or leg, I began bargaining with God. I promised that if he would let me live and heal, I would be a better person. I would be less selfish, less stressed. I would be grateful for everything that I had.

I wouldn’t waste time sweating the small stuff.

Twenty years after a stroke left me temporarily paralyzed at age 22, I don’t think I’ve been true to my word. As I became healthy, I went back to my old habits. The gratitude and joy waned. Far too often, I have taken my health for granted. But my body periodically reminds me that I’m not like everyone else. And although this is a burden, it’s also a gift.

I was a graduate student studying journalism at the University of Southern California when a blood vessel in my brain burst around 11 a.m. on November 11, 1991. I had suffered a hemorrhag-

ic stroke, which instantly robbed me of control over my body.

Hemorrhagic strokes account for only 13% of all strokes but more than 30% of stroke deaths, according to the National Stroke Association.

When the vessel burst, the symptoms were immediate: the inability to move my right leg, an excruciating headache at the base of my skull and then complete paralysis on the right side of my body. I also had difficulty speaking and recalling words.

I was too young to know anything about brain injuries. I had no idea why I felt funny and why I couldn’t make my right leg walk down the stairs. I naively thought that this strange episode would quickly pass.

As I waited for the paramedics, I noticed that my penny loafer had come off my right foot. I became fixated with trying to put it back on and wondered why I couldn’t do it.

When the paramedics arrived,

they asked me to name the president of the United States. I said, “Ford.... No.... Reagan.... No....

Bush.”

I remember them exchanging glances. I was young but there was no doubt I’d had a stroke. I would later find out that I had been born with a weak vessel in my brain, an arteriovenous malformation.

I have few memories of the days that followed. I know I was in intensive care and I know I was afraid of brain surgery.

After I was stabilized, doctors placed me on a ward with other brain-injured patients, most of whom were decades older. My parents and friends came to see me every day. Without fail, my father asked me to smile to see if the right side of my mouth was still drooping. My mother helped feed me lunch or dinner.

Over the next six weeks, I had to relearn how to walk, write and take care of myself. Surprisingly, I was upbeat when I did phys-

ical and occupational therapy. I worked hard. But there was one therapy that made me sullen, resentful and depressed: speech therapy.

Because the bleed had occurred in the left brain, my speech and ability to recall words were impacted. Speech therapy made me feel stupid. I had been planning a career with words. Now, when the speech therapist entered the room and asked me to name a vegetable, I couldn’t answer her. What kind of journalist would I be?

But I was lucky. As the bleed dissolved itself, I started remembering my words and I slowly recovered my ability to move the right side of my body. I did not require surgery.

I was discharged in a wheelchair and would return to the hospital for outpatient therapy three times a week. As I got stronger, I graduated to a cane.

By January, I was back at USC, enrolled in one class. My father hired a driver to take me to school. I walked across campus slowly with a leg brace and a three-pronged cane. I was incredibly self-conscious, but I was happy to be somewhat normal again.

I’ve never been sorry the stroke happened. It is something I have overcome, and I’m proud of that.

Despite that, I know I am different from other people. There is still scar tissue in my brain, which makes me vulnerable to seizures and auras. I take seizure medication. I have to be careful that I don’t let myself get too run down.

If I do, it can take me a week to recover.

I’ve learned to honor my stroke and its consequences. When my husband and I thought about having a baby, we consulted half a dozen neurologists and neurosurgeons, most of whom had conflict-

ing opinions. In the end, we took a chance. Our daughter was born healthy in November 2003.

Two months later, the sleep deprivation and postpartum hormone shifts caused a blackout seizure. I’ve been seizure-free ever since.

Looking at me now you would never know I’d had a stroke. I have trace weakness on the right side of my body, which sometimes can make working out at the gym challenging. My trainer knows my right leg has a mind of its own and affectionately calls it “my Nemo fin.” I’m thin but I’m healthy and I’m strong.

The past 18 months or so have been challenging for me and my family. We’ve dealt with a layoff, unemployment, and a surgery and rehabilitation. I’ll admit that I too often let life’s little challenges impact my attitude.

In fact, I consider my stroke to be a stroke of luck.

But when I drift into self-pity, stress or just general negativity, I try to pull myself back and remember the days when all that mattered was walking and talking. My biggest fear is having another stroke. That gives me perspective.

Eleven always was my lucky number. I know God was watching over me when that blood vessel burst on 11/11.

In fact, I consider my stroke to be a stroke of luck.

The President Post

C8 November 12, 2011

Photo Essay

Bakpia Pathok “25” TEXT PHOTOS AND BY NANDI NANTI

Bakpia actually comes from China under its original name of Tou Luk Pia, which means pia green bean cake.

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Bakpia is known as a typical Yogyakarta dish. Almost every souvenir store in Yogya sells bakpia.

Bakpia actually comes from China under its original name of Tou Luk Pia, which means pia green bean cake.

Bakpia was first produced in Indonesia around 1948, precisely in Pathuk village, Yogyakarta, and this is why it is more recognized by the name Bakpia Pathuk.

Until now, Pathuk village is known as the center of Bakpia, as many entrepreneurs engaged in producing Bakpia operate there.

Before 1980, the packaging of Bakpia was in baskets and was traded in retail stores; just after 1980 it started using cartons marked by brands according to the producer’s house number. For example “25”, “75”, “88”, all are based on house numbers.

Along with the rapid development of souvenir cakes, Bakpia began to explode in the market since 1992. One really feels “incomplete” if going to Yogyakarta without buying Bakpia Pathuk.

Bakpia Pathuk “25” is located on Jl. AIP II KS Tubun NG I/504, Pathuk village, Yogyakarta. It’s located behind the Malioboro, making it easier for the marketing and procurement of raw materials. The number of employees at the Bakpia Pathuk “25” is about 200.

Bakpia Pathuk has a wide variety of delicious and tasty flavors such as green beans, pineapple, chocolate, all made with typical flavors!

• Green beans Bakpia: Bakpia with Typical flavor of Original green beans from Bakpia Pathok 25 • Bakpia Pineapple: Bakpia with typical flavor of pineapple from Bakpia Pathok 25 • Bakpia Chocolate: Bakpia with typical flavor of chocolate from Bakpia Pathok 25

• Bakpia Cheese: Bakpia with typical flavor of cheese from Bakpia Pathok 25 • Bakpia Durian: Bakpia with typical flavor of durian from Bakpia Pathok 25 • Bakpia Kumbu: Bakpia with typical flavor of black beans from Bakpia Pathok 25 • Various Bakpia: Bakpia with various flavors from Bakpia Pathok 25

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