INDONESIA SPECIAL EDITION 2017

 
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Quarterly economy magazine on-line August/October 2017

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Indonesia Special Edition Interview with Indonesia Ambassador in Italy, H.E. Mrs. Esti Andayani Interview with Indonesia Minister Counsellor in Italy, H.E. Mr. Aries Asriadi Zuccotti Mechanical Workshop an Italian excellence since 1981... EREA S.R.L. FOUNDER, MR. FRANCESCO ZUCCOTTI Quarterly magazine on-line,Aug/Oct 2017

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Made i ..exclusive jewellery series realized with D co handmade by expert goldsmiths respecting the

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Sommary 10 Exclusive interview to Indonesia Ambassador in Italy, H.E. Mrs. Esti Andayani 18 Interview with Indonesia Minister Counsellor in Italy, H.E. Mr. Aries Asriadi 22 Zuccotti Mechanical Workshop an Italian excellence since 1981... 26 Saudia, welcome to your world! The Progress Time Event 31 Future scenarios in liver disease 33 Note on the Summary of interac- tion between Indonesia and the ICGEB as at July 2017 39 The Progress Time Events 1188 10 33 26 22 31 39 THE PROGRESS TIME Quarterly magazine on-line, Aug/Oct 2017 Aut.Trib. di Arezzo n. 4/13RS del23/07/2013 Aut. Modifiche dal Tribunale di Arezzo del 02/07/2015 EDITOR Mr. Ivan De Stefano EDITOR IN CHIEF Mrs. Barbara Ganetti GRAPHIC & WEB DESIGNER Mr. Lucio Tosi TRASLATOR Ms. Giulia Ruzzenenti QUESTO NUMERO È STATO FINITO DI IMPAGINARE IL 07/08/2017 CONTATTI editore@theprogresstime.com - redazione@theprogresstime.com

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Editorial by Barbara Ganetti Nowadays, Indonesia is a country of the socalled Next Eleven, that are the eleven emergent countries identified by Goldman Sachs with the highest growth potential; therefore, it is one of the players with a key role in the global economic development. Thanks to its political stability and to its economy, Indonesia is an important actor of the ASEAN area: it has a growth rate among the highest worldwide and a reformist attitude that has promoted the internal development and has attracted huge FDI (Foreign Direct Investment). Considered by many analysts the third main market of access to Asia, after the giants China and India, the Indonesian market is still to discover for our Italian companies. With a population of about 250 million inhabitants (the 4th world’s most populous country), Indonesia does not hide its ambitions and it aims at important purposes. In this special issue, thanks to the cooperation of the Republic of Indonesia Embassy, we desire to inform our readers regarding the potentialities of this wonderful Asiatic country, shedding light on the big commercial opportunities for our Italian companies. We recommend the exclusive interview with H.E. Mrs. Esti Andayani, Ambassador of Indonesia in Italy, and the interview with H.E. Mr. Aries Asriadi, Economic Counsellor of Indonesia Embassy in Italy. Enjoy the read

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Embassy of the Republic of Indonesia INDONESIA, A COUNTRY CONSTANTLY GROWING By Ivan De Stefano Indonesia Ambassador in Italy, H.E. Mrs. Esti Andayani

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Nowadays, Indonesia is a country of the socalled Next Eleven, that are the eleven emergent countries identified by Goldman Sachs with the highest growth potential; therefore, Indonesia is one of the players with a key role in the global economic development. Thanks to its political stability and to its economy, Indonesia is an important actor of the ASEAN area: it has a growth rate among the highest worldwide and a reformist attitude that has promoted the internal development and has attracted huge FDI (Foreign Direct Investment). In this Indonesia special issue, for courtesy, we have interviewed, H.E. Mrs. Esti Andayani, Ambassador of Indonesia in Italy and H.E. Mr. Aries Asriadi, Economic Counsellor of Indonesia Embassy in Italy, with the purpose to know what are the new exchange possibilities between Indonesia and Italy. nity available in Indonesia. As we are all aware, within the last five years, the global economy has been struggling to reach its best situation. This also impacted to Indonesia’s national economic development. Against this backdrop, the Government launched a series of economic reforms to simplify the process of conducting business and opening investments in Indonesia. We have cut numbers of procedures as well as shortened the time and reduced the number of licenses to start a business. The new policies also offer investors more incentives in terms of reduced taxes and better investments guarantee. Our Government has been actively taking efforts in maintaining political stability and stronger legal certainty. In line with this, President Joko Widodo is committed to forward H.E., the friendly relationship with Italy began in 1949 and the exchange value between these two countries is 3,69 billion euros, for this reason today many Italian companies are always more present on the Indonesian market, which new reforms is your government developing, in order to promote investments? This month, Indonesia celebrates the 72nd Anniversary of its independence. We are thankful to Italy as it is among the first European countries that recognized Indonesian independence, proclaimed on 17 August 1945. A lot have been achieved since the independence as Indonesia is currently the 16th largest economy in the world. Political stability and prudent economic policy were keys to our national development; our open economy that attracts foreign investments has been a major contributor to national development in the last four decades.In this context, it is not a surprise that many Italian companies established in Indonesia, given the close relation between our two countries and the huge economic opportu- the reforming process and further strengthen Indonesian economy; the result of these processes is the improvement of the business environment, as reflected in the indicator of the Word Bank’s Easy of doing business 2016. The reform has shown a promising sign: in the first quarter of 2017, the Indonesian economy expanded 5.01 per cent year-on-year, on stronger than a 4.94 per cent in the fourth quarter of 2016. This is slightly higher than the estimation from the market of 5.0 per cent expansion. Nowadays, the commercial exchange between Italy and Indonesia is mainly based on assets exportation (machines tools, general or special equipment), for 2017/2018, which Italian sectors could find an open market in Indonesia?

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As I mentioned earlier, the unfavorable situation of recent global economy also brought some impact to Indonesia. However, the exchanges between the two countries has continued to flourish, since the inception of diplomatic relation in 1949: Italy is the third largest trading partner in the European Union for Indonesia, even if there is tendency of decreasing value in our bilateral trade. However, Italy and Indonesia still have ample room to develop their bilateral trades. The value of bilateral trades of about US$ 3 billion in 2016 is not a true reflection of trade potential between our two countries. Both Italy and Indonesia are members to G-20, the largest economies in the world. They also share the principle of open trade policy that promotes the international trade; this means there is neither specific restriction nor discrimination for any Italian product to enter Indonesia market. I believe this should be considered as a very beneficial opportunity for the Italian investors and business people. As a matter of fact, I honestly think that Italian companies should be more active to expand towards Indonesian market. The number of Italian companies operating in Indonesia are only about 82, meanwhile, as a comparison, there are 180 French companies and more than 300 companies from Germany. In its 72 years for age, Indonesia currently is the home for more than 265 million people. The significantly growing of middle class of the population is a potential market for highquality product, and Italian companies surely can provide this. Furthermore, Italy should take advantage of Indonesia’s national development by being the prime partner in providing high-tech products, especially in the field of aerospace and civil aviation, software developments, machineries, defense industry and many others opportunities. In addition, Indonesia is the largest economy in the ASEAN single market of more than 625 million population; by investing and relocating their business to Indonesia, the Italians will gain competitive advantages from the domestic development while benefiting from the ASEAN single market. Therefore, I strongly advice the Italian private sector to expand their business in Indonesia. Besides the capital city Jakarta, cities as Bandung, Surabaya and Medan represent an ancient cultural and architectural heritage; which are the strategies concerning touristic promotion and the respect of cultural and natural patrimony that is Indonesia implementing?

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As the largest archipelago in the world, Indonesia spans from east to west with the size equals the distance between London and Moscow. This provide home to a diversity of cultures like no other, and lovely landscapes around the country. The historical remnants are the result of long and rich historical background, its rich natural resources had attracted many nations and kingdoms prior to the birth of the nation. Considering these factors, we are confidence that Indonesia’s tourism can perform better. While the number of foreign visitors as always been improving each year Indonesia, more and more steps had been taken by the Government to improve the situation. The tourism sector is always fragile towards degradation where there are no maintenance and improvement kept. According to World Economic Forum’s Travel and Tourism Competitiveness Report, which “measures the set of factor and policies and enable the sustainable development of the travel and tourism sector, and in turn, contributes to the development and competitiveness of a country”, Indonesia has gained the 50th rank in the 2015 and the 70th position in 2013. This shows that improvement efforts are showing the results. Based on this report, Indonesia has a competitive advantage in price competitiveness, rich biodiversity and the presence of several heritage sites. The tourism industry currently contributes for approximately four per cent of the total economy. As for now, we are targeting that by 2019 this number will be doubled. To achieve this, the Government of Indonesia will focus on improving supporting infrastructures accessibility as well as pushing forward the marketing campaigns abroad, especially in the main target countries. As part of the enhancement of tourism promotion activities, in 2016, the Government of Indonesia has set ten main destination in the country: Borobudur, Mandalika , Labuan Bajo, Bromo-TenggerSemero, The Thousand Islands, Lake Toba, Wakatobi Islands, Tanjung Lesung, Morotai Islands and Tanjung Kelayang. The purpose is to gain more awareness of the other beautiful places in Indonesia, besides Bali which is beauty has been well known. The amount of tourists from Italy also needs improvement; the leaders of the two countries have established several MoUs to further cooperation in cultural and tourism sector. In the other hand, positive developments of our bilateral relations also brought the agreement, granting visa-free access to Indonesia for Italian citizens for a maximum of stay of 30 days. As the collateral effect, we hope these steps will contribute to the growth of visitors from Italy. Besides promoting Indonesia intensively, which has been done through, for example, outdoor media such as decorating exterior and interior for public transportation in the Italian main cities, the Embassy of Indonesia in Rome also been actively participating in various art and cultural projects: from Venice Art Biennale and Festival dell’Oriente in several big cities in Italy, to this year’s Festa della Musica in Rome, we aim to capture the attention of Italian people. We recognize the high level of appreciation of the people of Italy towards arts and culture

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and we are aware of our capacity in this field. We also recognize the notable trait of Italy as the “mecca” of the fashion industry. Realizing that campaign, we have overlooked potential in fashion and textile industry, we actively promote Indonesia’s talents as well as textile richness and quality, to match the demand of the Italian mode for practitioners. All these actions, hopefully will bring more and more Italians to Indonesia. What long and medium term investments is your country planning, concerning high technology, renewable energy and environmental protection? Since its independence on 17 August 1945, Indonesia has been striving to build its economy in a sustainable way, with a view to balance our development goals with the sustaining of our natural resources and ecosystem. Therefore, environment protection is always a prerequisite for every development project in Indonesia. The current Government, under the leadership of President Joko Widodo, has setup nine priority agenda or NAWACITA, later translated into “National Medium Term Development Plan (2015-2019)”. It emphasizes national development that are inclusive, adding values to natural resources with a sustainable approach, in a better environment. It also promotes the interest of Indonesia as the world’s largest archipelago to be a maritime fulcrum. In order to achieve those priorities, the Government underlines the need of advanced technology in infrastructures development and the improvement of connectivity among regions in Indonesia, to boost its economic growth. We share the global concerns on the deteriorating state of global energy supply and its environmental impact; in this context, Indonesian energy policy emphasizes the need to develop new technologies in renewable energies and to guarantee the environment sustainability. I am aware that Italy is among the leading countries that invest in renewable energy. Thus, I look forward for a closer co-

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operation with Italian partners, which are the global leading players in the renewable energy. Currently, there are about 225 infrastructures projects worth of more than US$ 200 billion. The varied projects, from the development of sea ports and airports to energies, roads and railways, industrial projects, power plants, housing, water supplies and dams and even the information and communication technologies, will be beneficial opportunities for investors. More and more women are taking up positions in international diplomacy with great success. Is this a sign of more openness to a women’s world? Speaking about the advancing role of female in today’s world might be a bit no longer relevant as in 21st century there is no more barrier for women, whatever they want to be. There are notable women astronauts, business executives, diplomats and even country’s le-

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