News

Facebook and Google work to improve internet connectivity in Indonesia
20 Sep 2021
  Facebook and Google have announced three international subsea data cable projects to bolster Indonesia’s internet capacity with the wider Asia-Pacic region and North America.    The Echo, Bifrost and Apricot subsea cables (SKKL) have a combined length of 43,000 kilometers, with known landing stations in Manado, North Sulawesi, and Batam, Riau Islands, and are scheduled for completion between 2023 and 2024.    https://www.thejakartapost.com/news/2021/08/31/facebook-google-juggle-three-subsea-cable-projects-in-indonesia.html 
LRT Development for Asian Games Progresses to 90 percent
10 Aug 2021
Transportation Minister Budi Karya Sumadi said the progress of the light rail transit (LRT) project development has progressed to 90 percent. Budi explained the dynamic test had been underway. President Joko Widodo (Jokowi) is confi­rmed to officially introduce Indonesia`s fi­rst fully operational light rail transit (LRT) in mid-July in Palembang. The soon-to-be inaugurated LRT will connect the Jakabaring Sports City to the Sultan Mahmud Badaruddin II Airport. Palembang, which will co-host the 18th Asian Games together with Jakarta next month, is now ready for the largest Asian sporting event. In order to ascertain its readiness to host the sporting events, President Joko Widodo, who is commonly known as Jokowi, has inspected the sports facilities and venues in the city.     South Sumatra Governor Alex Noerdin greeted Jokowi upon his arrival, after which the president proceeded to the Jakabaring Sport Arena. As part of his trip to Palembang, the president is also expected to inaugurate the rowing track for the Asian Games in Jakabaring.According to Public Works and Public Housing (PUPR) Minister Basuki Hadimoeljono, all venues for the 2018 edition of the games in Jakabaring Sport City have been completed and are now ready to host the sporting events. Progress of the Depok-Antasari toll road Depok-Antasari or Desari Toll Road is a highway in Indonesia, connecting South Jakarta with Depok and Bogor. This toll road extends from Jalan Pangeran Antasari of South Jakarta to Depok. The toll road will be extended to Bogor, precisely to Bogor Ring Road and Bogor-Ciawi–Sukabumi Toll Road.   https://en.tempo.co/read/news/2018/07/12/056919919/LRT-Development-for-Asian-Games- Progresses-to-90-percenthttps://en.wikipedia.org/wiki/Depok–Antasari_Toll_Road
China's trade surplus with U.S. hits record as exporters rush to beat tari­ffs
10 Aug 2021
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace. The U.S. container port peak season is traditionally driven by orders for Chinese-made clothing, electronics and toys for the back-to-school season running from June to September, and then the winter holiday season.The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent in June from a year earlier after falling 6.9 percent in May and 3.9 percent in April, said Gene Seroka, executive director of the Port of Los Angeles, the busiest U.S. container port and No. 1 hub for ocean trade with China.The data came after the administration of U.S. President Donald Trump raised the stakes in its trade row with China, saying it would slap 10 percent tariff­s on an extra $200 billion worth of Chinese imports, including numerous consumer items.   China’s trade surplus with the United States, which is at the center of the tariff­ tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to Reuters calculations based on official data going back to 2008.China’s June exports rose 11.3 percent from a year earlier, China General Administration of Customs reported, beating forecasts for a 10 percent increase according to the latest Reuters poll of 39 analysts. https://www.reuters.com/article/us-china-economy-trade/chinas-june-exports-jump-surplus-with-us-at-record-high-idUSKBN1K30BMhttp://www.asahi.com/ajw/articles/AJ201807140010.html  
Asian Games 2018: Time for Indonesia to shine
10 Aug 2021
Assuming that the 2018 Asian Games will be successful, it will boost the country’s tourism industry and produce economic benefits. According to Tourism Minister Arief Yahya, the upcoming Games aim to welcome 250,000 supporters from ASEAN and other Asian countries, which will allow visitors from participating countries to embrace the land and culture of Indonesia. In addition, these visitors may feel inclined to visit other islands of the archipelago. While tourism in Indonesia has more than doubled over the past decade to become a major driver of the economy, the Asian Games may help achieve the goal of the government to “replicate the success of Bali as a tourist destination in a number of other locations spread across Indonesia”. The combination of athletes, officials, supporters and spectators expected to be present brings high hopes to the Indonesian economy. Bambang Brodjonegoro, Minister for National Planning (Bappenas), estimates that hosting the Asian Games will facilitate a cash flow of Rp. 45.1 trillion to the Indonesian economy in addition to bringing Rp. 34 trillion worth of investment in infrastructure for the organization of the event.   The 18th Asian Games signify not only a fun and meaningful event to the region and the world, but also provide that push Indonesia needs to keep going. Jakarta Fair transaction valued more than 7 trillion The transaction value recorded during the 40-day event at the 51st Jakarta Fair was Rp7.3 trillion. The transaction value increased from 2017's Rp6.6 trillion. This year's Jakarta Fair absorbed 40,000 to 50,000 laborers, and attracted 6.7 million visitors.   http://www.thejakartapost.com/travel/2018/06/28/2018-asian-games-time-for-indonesia-to-shine.htmlhttps://en.tempo.co/read/news/2018/07/03/057919648/Jakarta-Fair-Transaction-Value-at-Rp73tn-Anies-Says
Amazon earnings skyrocket, breaking the largest record ever
10 Aug 2021
Amazon.com Inc posted a profit that was double Wall Street targets, thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. The report was a relief to investors in the U.S. technology sector. Amazon’s report shows how the world’s largest online retailer has increasingly learned to compensate for the high costs of fast package delivery and video streaming by controlling expenses and building up higher-profit businesses. It was the first mover in the business of selling data storage and computing power in the cloud, a bet that continues to reap rewards and give it the leeway to invest in grand projects. For instance, the company is working to ship food from Whole Foods Market stores across the United States, in an ambitious attempt to bring groceries into the age of online retail. Amazon’s spending typically climbs in the summer quarter, pressuring pro.ts as the company prepares for Christmas and the winter holidays, its peak sales period each year. Yet the company said it expects an operating profit between $1.4 billion and $2.4 billion, up from $347 million a year earlier. The company also reported a second-quarter profit of $2.5 billion, its largest ever.   https://www.reuters.com/article/us-amazon-com-results/amazon-earnings-skyrocket-on-cloud-computing-advertising-idUSKBN1KG2WB