EU Eyeing Indonesia's Infrastructure Projects

EU countries plan to amplify investments in Indonesia in the years to come. "Discussions are on the go. We're still looking into the chances [of investment]," said Julian Wilson, Ambassador/ Head of Delegation of the European Union to Indonesia, on Thursday.


Up until today, 700 Europe-based companies worth US$50 billion of investment, which only cover 1.6 percent of total EU's total stake in Asia, are available in Indonesia.

On the other hand, First Secretary of Economic and Trade Section of Europe Union to Indonesia, Walter van Hattum, said European enterprises are interested in advancing on infrastructures in Indonesia. 

As reporter earlier, the Susilo Bambang Yudhoyono administration is ready to intensify efforts in infrastructure development along the year by allocating budget of Rp 126 trillion.

Based of data from the World Bank, Indonesia has 220 million of population at income per capita of US$3,000. The number of middle-class in the country by 2010 is around 134 million, 56.6 percent of the nation's population. 

The commercial value between Indonesia and the EU in 2010 reaches 20 billion euro while Indonesia's exports to the EU worth 14 billion euro.

News Sources

Premium Fuel Imports to Be Doubled

Anticipating the hike in fuel use during school holidays in June 2011, state oil and gas Pertamina will boost the volume of premium fuel import by six million barrels compared to the previous one million barrels.

Pertamina commonly buys premium fuel from overseas commercial partners by five million barrels per month.


"Imports will rise by six million barrels in June due to school holidays," said Pertamina Director of Marketing, Djaelani Sutomo, on Thursday.

On the other hand, industrial high speed diesel imports in April will be normal at around 3-4 million barrels.

Meanwhile, Director General of Oil and Gas, Evita H Legowo, said premium fuel consumption within the last three months increase by an average of two percent.


News Sources

Indonesia Mandiri Plans to Go International


PT Bank Mandiri Tbk plans to expand level as an international bank. However, it claimed that Bank Indonesia has yet to grant incentives in support of the effort. 

"There has been banking classification indeed. But incentives [for international bank] are not available," said Bank Mandiri President Director Zulkifli Zaini.

According to Zulkifli, the bank now owns around Rp 52.68 trillion of capital.


In addition, more capital was acquired last year through rights issue, which enabled the bank to obtain Rp 11.68 trillion of funds.

"That makes Bank Mandiri the only bank in Indonesia which fits the criteria of international bank that the Indonesian Banking Architecture has set,"said Zulkifli.


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