Tampilkan postingan dengan label Government. Tampilkan semua postingan
Tampilkan postingan dengan label Government. Tampilkan semua postingan

Selasa, 28 April 2015

Solidarity monument Asia Africa

Joko Widodo President witnessed a number of heads of state and delegates signed the Asia-Africa Solidarity Monument in the 'Historical Walk' on the circuit Warning Asian-African Conference 60th, Bandung, West Java, on Friday (23/04/2015). 60th Anniversary of the Asian-African Conference (KAA) lasts 19 to 24 April 2015 in Jakarta and Bandung.


President Joko Widodo together with a number of heads of state and delegates preparing to inaugurate the Asian-African Solidarity Monument in the circuit Warning Asian-African Conference 60th, Bandung, Friday (04/23/2015) Photo: Antara / aacc2015 / Agus Bebeng

Joko Widodo President witnessed a number of heads of state and delegates signed the Asia-Africa Solidarity Monument in the circuit Warning KAA 60th, Bandung, West Java, on Friday (04/23/2015). Photo: Antara / aacc2015 / Agus Bebeng

Joko Widodo President witnessed a number of heads of state and delegates signed the Asia-Africa Solidarity Monument in the circuit Warning KAA 60th, Bandung, West Java, on Friday (04/23/2015). Photo: Antara / aacc2015 / Agus Bebeng

A number of delegations meet Asian-African Solidarity Monument in the 'Historical Walk'pada circuit Warning Asian-African Conference 60th, Bandung, West Java, on Friday (04/23/2015) Photo: Antara / aacc2015 / Agus Bebeng
Source: foto.viva.co.id
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Kamis, 23 April 2015

China Invite All Parties Join the Maritime Silk Road Project

China will launch the AAIB to realize it.

Tiongkok Ajak Semua Pihak Ikut Proyek Jalur Sutra Maritim
President of China, Xi Jinping delivers a speech at the Asian-African Summit. (04/22/2015) (REUTERS / Beawiharta)

President of China, Xi Jinping, said ready to cooperate with all parties to realize the maritime silk route project of the 21st century. One way that the project can be realized that with the launch of the Asian Infrastructure Investment Bank (AIIB).

It was announced by Xi when addressing Africa forum Asian leaders at the Jakarta Convention Center (JCC). Submission of the concept of maritime silk route is considered Xi fitting because Indonesia under President Joko Widodo has the ambition to make Indonesia as the axis of the maritime world.

In his speech, Xi also said China is ready to increase cooperation south and north.

"We are ready to improve cooperation with other countries to secure peace and stability in the development of command and prosperity," said Xi.

One of them realized Xi with the commitments given 100 thousand training for developing countries in Asia Africa within five years. Other programs that do the Chinese to establish closer cooperation between the two regions, namely by hosting the youth festival and invited a total of 2,000 young Africans to come to China.

"Through this program, is expected to improve the exchange of experience and knowledge," said Xi.

Source: viva.co.id

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Selasa, 21 April 2015

E-Commerce sites mushrooming, Need Roadmap

Their turnover of billions of rupiah. Nontaxable.

Situs e-Commerce Menjamur, Butuh Peta Jalan
Illustration of shopping online (iStock)

Foreign investors interested in the potential of e-commerce market in Indonesia. They poured hundreds of millions of dollars to be able to suck dollars into the pockets. The foreign players 'hacked' into the body of the e-commerce players locally.

There also were suddenly appeared with its own flag on behalf of the expansion. There are even some of those who had local and dominate the market, but must 'give up' with the lure of acquisition.

Currently, Indonesia is filled with hundreds of e-Commerce. Call it Lazada, Blibli, Elevenia, Tokopedia, Kaskus, OLX, Blanja, Zalora, Bukalapak, DinoMarket.com is, and many others. Most of them receive funding from foreign parties.

Making local e-commerce became king in his own country seems to be a difficult thing. Rules that will be made government itself impressed 'test market'. At first the government wants to put out an e-commerce tax, but then postponed by reason of 'emerging market' so it can not be forced in the form of rules, let alone taxed.

According to the founder Indotelko Forum, Doni Darwin, there is no harm if the tax was applied to e-commerce because of the current turnover of e-commerce players that too many have reached billions of dollars. This, according to him, are considered unfair. The reason, many local companies and SMEs are already berentitas PT but always chased taxes.

"It is strange that the government postpone the VAT and income tax for e-commerce. Moreover, there are those who already have a turnover of billions of dollars, a month could reach 100 million. So when the delay with no recourse for the tax issue, it is not a solution but postponing the problem. But we still do not recommend no taxes other than VAT and income tax simply because there is an online transaction. That's what I call killing the industry, "he said.

He proposes, for income tax and VAT affairs feels worthy if applicable. If any delayed, minimal e-commerce must have a Taxpayer Identification Number (TIN) first with a transition period of 3 years. After that, a new subject to VAT or income tax.

"Look out, what kind of e-commerce, at any level, decent released. The yes there are players supported large investors willing dilolosin granted tax. It bablas name. This collection can be considered as habituation that businesses orderly administration and one of the effort to foster local e-commerce in order to rule in their own country, "he explained.

He said, to foster local e-commerce should start now. In addition to clear rules, e-commerce should also be facilitated in the process, for example, facilitated the manufacture or establishing businesses, manufacture and other TIN. In addition, he said, the government should be able to encourage foreign e-commerce to set up a business entity in Indonesia. "At least let me hit the income tax," he said.


The potential of e-Commerce Indonesia

The Association of Indonesian Internet Service Provider (APJII) version, which is carried along Puskakom UI, indicates if Internet users in Indonesia in 2014 reached 34.9 percent penetration, or a total of 88.1 million. Of that number, about 34 percent said they often look for information on the Internet about the services or products to be purchased. While 27 percent of the 88.1 million was identified as internet users ever online shopping. From the data it can be seen if the 34 percent who often seek information has the potential to be a buyer of services or products.

"Most of the Indonesian Internet users are people who work or self-employed, about 55 percent of the total users. Although more than 80 percent of Internet users use social networking but the portion of selling online is also quite large, about 11 percent, "said Chairman APJII, Sammy Pangerapan.

According to data Redwing Asia, the e-Commerce market in Indonesia is increasing quite rapidly than $ 1 billion in 2012 and is expected to surge 250 percent in three years, 2015 to be exact.

"This year, the Internet penetration will exceed 30 percent. The number of online retail sales amounted to only 0.7 percent of total retail sales, but is projected to grow tenfold in the next five years. Online retail is growing rapidly outside Jakarta, and there a place where the strongest position Lippo, "said CEO of Sun Mall, Hadi Wenas.

Online store Lippo Group itself has been ready to challenge other players. After an injection of cash from the parent company of US $ 500 million, additional funding from about US $ 200 million from two giant banks, Credit Suisse and Merrill Lynch. They are sure to recruit local workers, it will not be difficult to become the biggest online store in the country.

In addition to Hadi, the other big names like Satar (ex CEO of Garuda premises) and Rudy Ramawy (ex Google Indonesia) also became part of the Sun Mall. While Elevenia, which became part of XL Axiata, still retain Hasnul Suhaimi as commissioner in the online store which is a joint venture SK Planet and Axiata.

Zalora and Lazada get funding from Rocket Internet. While Blanja.com merupaan Telkom affiliation with eBay. Alibaba reportedly also will explore e-commerce market by launching AliExpress Indonesia Indonesia. Or the Japanese company Rakuten was also held online shopping sites in Indonesia.

Baidu, China-based company, did not show signs of interest held his online shanties. According to the Managing Director of Baidu, Bao Jianlei, this year they will open a special sub-channels for e-commerce.


Waiting Roadmap e-Commerce Indonesia

Minister of Communications and Information Technology (MCIT), wrapped up in January, argued that the current government continues to prepare a road map (roadmap) for the e-commerce industry. Men born in Bogor is also targeting the road map will be completed in mid-2015.

"The plan is the roadmap of e-commerce at the latest in July but August is over," said Rudiantara.
He explained that the development of online shopping industry roadmap is still in the stage of proposals from various parties. Then, after the road map was completed, said Rudiantara, the government made a Government Regulation Plan (RPP). In stage makes this RPP, involved multiple agencies, such as in between the Directorate General of Customs, Directorate
General of Taxation, Ministry of Finance, Ministry of Economic Affairs, and others.

According Redwing Asia, although e-commerce has great potential in Indonesia, but the problem was great. Besides the issue of payment methods still rely on bank transfers, e-commerce providers are also confronted by the challenge of logistics distribution. This is a result of a population of more than 250 million spread across 17,000 islands. Here are some things you should be able to get into e-Commerce roadmap Indonesia, especially the payment gateway.

"The factors that we believe can improve the growth of e-commerce business is a mix between small and medium-sized companies, which represent 90 percent of all companies in this country. There are about 40 million SMEs in the country. This is the same model that never diterapan Alibaba, Taobao and Tmall. They facilitate SMEs to be able to sell online. They also must have a strong social component, reflecting habits buyers in Indonesia, "said the Redwing.

Thus, according to the report Redwing, who became the winner in the realm of e-commerce are those that could have made a breakthrough in ease of online shopping, able to help SMEs (which incidentally lack of technology), as well as showing to the buyer if the online shop can be quite fun, safe and inexpensive.

Source: viva.co.id
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Senin, 06 April 2015

Fuel prices Indonesia vs Malaysia, Where Cheaper?

What about the fuel prices of other countries?

Harga BBM Indonesia Vs Malaysia, Mana Lebih Murah?

A motorist charging premium fuel at the pump Kuningan, Jakarta. (Headline / Arie Dwi Budiawati)
The news circulating about the price of fuel oil (BBM) Indonesia, is more expensive than the neighbor country Malaysia is questionable.

Earlier, Chairman of the Governance Reform Migas, Faisal Basri, disclose it. Read on Faisal Basri Criticism Perspective Pertamina matter of fuel.

"First, if the government still subsidizes," said Executive Director Indonesian Resources Studies (IRESS), Marwan Coal, when contacted VIVA.co.id, Thursday, April 2, 2015.

Marwan said that Malaysia still subsidizes its fuel prices, it is not surprising that the price is more than the price of fuel in Indonesia.

Then, secondly, Marwan was questioned basic calculations made by Faisal. "What is the basis of calculation. If we're right, there is a cost borne," he said.

In addition, he continued, the price of fuel sales in Indonesia is the base price plus other costs, such as the cost of processing in refineries, transportation costs, and the cost of storage.

According to Marwan, Value Added Tax (VAT) and (Motor Vehicle Fuel Tax (PBBKB) also added in fuel prices.

"Coupled with the profit margin business entities, such as Pertamina by 5-10 per cent and gas stations," he explained.

In line with Marwan, Marketing Director of Pertamina, Ahmad Bambang, also criticized behind Faisal view on fuel prices in Indonesia.

"Tim RTKM (Governance Reform Migas) saw only Malaysia. Why not Brunei gentlemen?" Ahmad said, when contacted VIVA.co.id.

He considered that these two countries, namely Malaysia and Brunei Darussalam sell cheaper fuel, because the country is considered to be able to subsidize fuel prices.

"Why does not compare to Cambodia, Laos, Vietnam, and Myanmar are relatively less developed than Indonesia," he added.

He also stressed, when compared with pertamax Indonesia is still cheaper, than Vietnam and the Philippines.

Here is a fuel price quoted of Global Petrol Prices.

1. Brunei Darussalam US $ 0.38

2. Malaysia US $ 0.53

3. Indonesia US $ 0.67

4. Vietnam US $ 0.83

5. Philippines US $ 0.92

(Asp)

Source: viva.co.id
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Rabu, 25 Maret 2015

Imagining Singapore, Lee Kuan Yew After Left

Singapore's Lee changed the poor, without oil, so the modern state.

Membayangkan Singapura, Setelah Ditinggal Lee Kuan Yew
Former Prime Minister of Singapore, Lee Kuan Yew. (REUTERS / Toru Hanai / Files)
When the party was almost wiped seats contested in the 2006 election, Lee Kuan Yew, the founder of modern Singapore issued a statement critical for its people. At the time of the 84 seats it contested, only two were not able to achieve.

"Please do not think that you can change the government. Young people do not understand this," said Lee. His statement has deep meaning, especially at this time.

Lee Kuan Yew is an important figure, behind the success of Singapore to build the city-state, which is no larger than the area of ​​Jakarta, or about 660 square kilometers.

After becoming the first prime minister of Singapore in 1959, Lee made the historic decision to declare independence from Britain and Malaysia, on August 9, 1965.

He uses strong economic vision, as well as an iron hand to build Singapore from third world countries former colonial territories, became one of the world trade center.

Although his power for three decades as prime minister ended in 1990, he still has influence in the government Goh Chok Tong, serving as Senior Minister.

Lee Kuan Yew's influence continues, after his son Lee Hsien Loong rose as PM in August 2004. "Singapore is now looking for a change and evolution," said Southeast Asia expert, Ernest Z Bower.


Point Turn

Bower cited pages of The Washington Post, said there little concern about the future of Singapore, without the presence of its founder. "Lee Kuan Yew there for him to breathe," he said.

Lee Kuan Yew, Singapore's successful economic development, by applying loose regulation and lower taxes. However, Singapore's economic success, occurs at the expense of civil liberties.

Controlled media, the political opposition is not even tolerated. "Even Lee Hsien Loong admitted that Singapore is at its turn," wrote the Washington Post.

Singapore older generation still remember, like any living conditions prior to the transformation of Singapore. They voluntarily accept restrictions on civil liberties, for economic progress.

But the young public of Singapore, which is currently in their 20s and 30s, has been influenced by the West. They are in the opposite situation, their number is increasing.

"The previous generation was happy with Lee Kuan Yew, when he was still the Prime Minister. All their interests have been taken care of by the state," said Abdul Kadir bin Ibrahim, the owner of a clothes shop in Singapore.

But the younger generation by Kadir more critical. "Most of the highly educated. They come from well-established families, who do not need to struggle to survive," he said.


Young Generation

"We simultaneously love and hate, respect and contempt for, appreciate and hate him (Lee Kuang Yew)," wrote Carlton Tan, Singapore young man in the opinion article.

Tan's opinion appears to represent the feeling of most of the young people of Singapore. "We are grateful for the development of our economy for decades, but we imagine is absolutely necessary to sacrifice freedom," he said.

The opportunity to choose a different Singapore, getting close to an election to be held in 2016. A year after Singapore left by its founder.

In the last election, in 2011, the PAP lost six of the 87 seats in parliament, a result that is assessed shows desire for a change. The opposition is expected to win more seats next year.

Political change has accelerated due to economic reasons, the widening income gap. The number of billionaires increased, while most public Singapore dealing with the high cost of living.

Immigrants also be one of the issues, with a stranger has reached one-third of the total population. During these immigrants working in the public sector is not desirable Singapore, as construction laborers and domestic workers.

However at this time there is anxiety, that immigrants began seizing various sectors that had been enjoyed Singapore educated public.


Understanding Singapore

In an interview with the New York Times in 2007, Lee Kuan Yew, who resigned as prime minister in 1990, said that to understand Singapore, one has to begin with a story about the impossibility.

"This is a nation with almost no natural resources, without the same culture, diversity fragile ethnic Chinese, Malays and Indians who rely on intelligence to stay afloat and prosper," he said.

Lee stressed that Singapore has survived the journey for 42 years (2007). "Are we going to survive for the next 42 years? It depends on the condition of the world, not on our own," he said.

Latent fragility in the history of Singapore, Lee Kuan Yew is the answer to all the critics, who accused him at all tough in dealing with the opposition.

"The answer lies in the origin of us. Despite what you see today, the super structure of a modern state, is essentially a very thin and can easily disintegrate," he said.

Lee Kuan Yew said he did not find it had gone too far, in action against political opponents, which is often accompanied by lengthy prison terms.

"I think not. I never kill them. I never destroy them. In politics, they destroy themselves," he said.


Classifieds Singapore

Lee revealed the secret of Singapore lies in the absence of ideology. Pragmatism sentimental, which imparts that the workings of the state itself is an ideology.

"Does it work?" asked Lee. "Let's try and if it works, continue. If not, then stop and try something else." The existence of two casinos in Singapore, is an example of pragmatism Lee.

Lee emphatically called himself did not like the casino. "But the world has changed, and if we do not have such an integrated resort in Las Vegas, we will lose," he said.

So he let the two casinos are built to attract more tourists to Singapore. "Let's try and make it a safe place, free mafia, prostitution-free and free from money laundering."

"I think we should go in any direction-world conditions force, if we want to survive and become part of the modern world. If we are not connected, we will die. We will again be a fishing village as before," he said.

As for the kind of relationship problems, Lee admitted that Singapore chose an ambiguous position. Singapore leave, but will not change the law to legalize it.

Even though China, Hong Kong and Taiwan have had a more liberal policy for same-sex relationships, the law in Singapore is still considered illegal, although the government will not actively enforce it.

In many countries, national identity evolved from a common ethnicity, race and religion. "Some countries are born free. Others fight for independence," said Lee.

Lee stressed that Singapore makes a country that consists of a collection of different migrant tribes, who then had to create national identity.

In his book titled "Men In White: The Untold Story Of Singapore's Ruling Political Party", Lee explains how he had to make a decision on official languages.

China is a majority ethnic population of Singapore. But Lee did not want to if China becomes the dominant culture. He emphasizes the importance of inter-racial harmony.

Although ethnic Malay Muslims are a minority community, but concern remains the same received great. For the process of identity formation, Lee even elementary schools prohibit the Chinese language.

Lee's identity in perspective is to achieve a sense of belonging, instead of which a person belongs. Achievement Singapore is a long journey that form values.

Welfare, Singapore has become one of the valuable assets, which makes public Singapore has a country feel, feel the need to defend it.


Change

"We have the majority Muslim population, other parts of the older generation of China and India are conservative. So let the changes occur slowly. It is a pragmatic approach to maintain social cohesion," he said.

Lee mentions only a matter of time until a change occurs. It can be clearly seen from the differences between generations in Singapore. In any family, values ​​constantly changing.

"They have a base of traditional Confucian values," said Lee about her children, two sons and a daughter. "But my grandchildren do not." Lee said Singapore is not a closed community.

Singapore does not shut down on change. But the government in charge of guarding the changes, which by the way Lee referred to as Singapore is an oasis of class in the third world.

"We build the infrastructure. The hardest part is getting people to change habits, to behave like a first-class citizen of the world, not the third world with spit and throw garbage everywhere," said Lee.

So Singapore made a campaign to do this and that. "Do not chew gum. Do not throw trash on the roof. Speak good English. Perform acts of kindness are spontaneous," he said.

Sounds paradoxical, Lee said otherwise very poor at first, maybe Singapore would not be able to transform itself into a modern state as it is today.


Hard Work

Author of the book Managing Country Risk, Daniel Wagner, writing Singapore achieved success because of its ability to continue to adapt to regional and global economic realities.

Questions about what kind of democracy is created Lee Kuan Yew, sinks backstage Singapore economic miracle that is unmatched in Southeast Asia.

Lee warning about the fragility and the threat of the fall of Singapore, can convince people of Singapore to accept restrictions on their freedom by the government.

"If we have oil and gas, do you think I can make people do this? Do not. If we have oil and gas, I would get people with different motivations and expectations," he said.

Lee reiterated Singapore because people are aware, they are without oil and gas, so they know that development can only be achieved from hard work, and do it very well.

The key to the success of Singapore is a leader with the vision, dedication, firm and honest. Difficult for Lee ruled with an iron hand, if he can not maintain the trust of its people.

He is not corruption. That which distinguishes it from many other leaders. Lee also able to realize its vision in the form of prosperity. Freedom is restricted, but with justice in law enforcement.


Leadership

Economic inequality, injustice in law enforcement, social discrimination and corrupt leaders, are some of the ideal thing to be directed into the destroyer integrity of the country.

Therefore, Lee Kuan Yew bequeathed a system for the country, which mostly relies on the quality of leadership, which is well-prepared with a tight transition mechanism.

Former Prime Minister Goh Chok Tong, said the change of leadership in Singapore carried out gradually with the transition process, so that when there is a change of government continues to run without interruption.

"Political consensus and converging is the best way for us," said Goh, in 2004. Lee Kuan Yew is not greedy of power. He withdrew in 1990, after getting a replacement believe in yourself Goh Chok Tong.

Goh has been a minister in the reign of Lee for 14 years, before replacing Lee appointed as Prime Minister. While Lee Hsien Loong has been 20 years in the cabinet, before becoming prime minister in 2004.

If the retaining system created Lee Kuan Yew, the change of control is done based on the vision of a leader with integrity, Singapore will remain strong as it is today. (Umi)

Source: viva.co.id

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Fights Strong World Financial Institutions

There are doubts AIIB. BI sees opportunities to elude dollars dollars

Adu Kuat Lembaga Keuangan Dunia
The signing of the agreement Asian Infrastructure Investment Bank, October 2014 ago. Indonesia wants to be the host AIIB, chances remove themselves from the hegemony of the US dollar. (Xinhua)

Asian Infrastructure Investment Bank (AIIB) is perhaps not too boisterous in Indonesia. However, in the international banking, finance infrastructure investment in Asia was enough to grab attention.

Psychological war world economic power began to appear. America, Japan, and China is ready to show strength in the financial sector. Indonesia seemed to want to participate more in AIIB role.

"I see the Chinese want to get hegemony," said an economist from the University of Indonesia, Lana Soelistianingsih AIIB call establishment, to VIVA.co.id, Monday, March 23, 2015.

Until today, there are at least 30s countries have expressed willingness to become founder AIIB. In fact, European countries such as Britain, France, Italy, and Luxembourg has expressed his desire to become a founding member.

Most recently, India, Indonesia, and New Zealand have expressed approval. Founder AIIB believed would reach 35 countries.

"According to the deadline (deadline), we believe the 35 countries, even more, will be a founding member of this bank," said Jin Liqun, Leader (interim) AIIB, told The Straits Times.


Japan and the US averse

Although dozens of countries ready to join, America and Japan were not interested in AIIB. They doubted the source of funds from AIIB.

Japanese Finance Minister, Taro Aso, said his country was still taking consideration to join.

Japan, Aso said, still doubt the credibility AIIB in providing loan funding sources. In fact, Aso urged other countries to think twice before joining in AIIB.

"We have been asked to ensure debt sustainability, taking into account the impact on the environment and society. We can (consider joining) if there is no guarantee of that," said Reuters.

As the leader (the main shareholder), China will invest approximately US $ 50 billion or about Rp603,25 trillion to AIIB. Seeing these funds, should Japan do not need to use reason AIIB funding liquidity concerns.

Not to mention, deposit funds from member countries other AIIB. Small enough chances AIIB drought funds.


Even so, yet Japan is not too interested. The same thing happened in South Korea. Countries that are geographically close enough, it looks reluctant to unite.

Donald Kirk, senior journalist Forbes named Korea under pressure from the United States (US). "South Korea as a bitter pill to swallow when joined with Za'atar," Kirk wrote.

Understandably, South Korea and the US is quite closely related. Uncle Sam claim, AIIB would undermine the authority of the International Monetary Fund (IMF), the Asian Development Bank (ADB), and other financial organizations.

The US also mention AIIB will reduce the functionality of trans-Pacific cooperation (Trans-Pacific Partnership / TPP) ever promoted Washington to cut trade barriers.


AIIB not rival ADB

Financial experts polled by Reuters is not surprising that the US and Japan are reluctant to join the AIIB. The bank clearly will compete ADB, the source of funding comes from the US and Japan.

"Institutions based in Manila (ADB) is dominated by Japan and the US," said analyst who did not wish to be named. US and Japanese funds in the ADB is in the range of US $ 164 billion.

ADB President Takehiko Nakao, not explicitly welcome AIIB will be rivals. "I understand, but I do not accept it," he said, moments after AIIB declared at the end of October 2014.

ADB was established in 1966, offers low-interest loans to middle-income countries down.

At the end of 2013, loans to ADB countries reached US $ 21.02 billion, or more than Rp253 trillion. China has a 6.5 percent stake in the ADB, while Japan and the United States 15.6 percent respectively.


Indonesia wants to host

Although Indonesia is in the "grip" the ADB and the World Bank, Indonesia fact nonetheless brave enough to take a stand. Not only is willing to become a founder member countries, Indonesia volunteered to host AIIB.

On the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong, Monday, March 23, 2015, the Minister of Finance, Bambang Brodjonegoro, revealing that purpose.

Statement finance minister clearly quite astounding. Therefore, the ADB and the World Bank clearly has the power to suppress Indonesia.


Keep in mind, Indonesia has quite a lot of debt to international financial institutions. To ADB, for example. Throughout 2014, ADB provided loans of US $ 500 million to Indonesia.

When visiting Jakarta in January, ADB President Takehiko Nakao, said this year will disburse a loan of up to US $ 1.5 billion, or about Rp16 trillion in Indonesia.

However, Indonesia remains at its founding to join in AIIB. "It is our aspiration, AIIB head office in Jakarta. However, to make it happen, of course we had to compete with Beijing," Bambang said in Hong Kong, quoted by Reuters.

Economist at the University of Indonesia, Lana Soelistianingsih apparently deplore the decision of Indonesia. According to him, Indonesia does not need to be part of it. He suggested that the RI borrow bilaterally. Or it could just take advantage of multilateral funding institutions that already exist.

"Already, deh, borrow bilaterally. There is no need for anything else. Kan, there ADB, World Bank, and others," said Lana.

Lana also doubted the ability of China to provide very substantial funds to sustain AIIB. "The question is, the bank was able to sustain not? Can sustainable? China would not, deposit the funds continue," he said.


The moment of release of dollars

In line with the government, Bank Indonesia (BI) to send a positive signal on Indonesia's decision to join the AIIB. BI quite excited when a financial institution that bring investors into Indonesia.

"Of course we are glad that there are investors came in with funding to support the Indonesian economy," said Director of the Department of Communications Bank, Peter Jacob, when contacted VIVA.co.id.

With the AIIB, expected financial transactions between countries could use the local currency. These conditions will slowly release the superiority of dollars of US dollars.

What can be done BI, says Peter, is to encourage the Chinese-Indonesian transactions do not use the US dollar, but rather to use dollars or yuan currency.

"If the central bank, which is how can we encourage trade between Indonesia and China using the currency to reduce the pressure level (US dollars) on the rupiah," he said. (Art)

Source: viva.co.id
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