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1:48 PM
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According to BI Chief of Denpasar, Bali, Jefrey Kairupan, the circulation of false money gets higher every year.
"Counterfeit money in Bali increases in circulation. If no control is imposed upon it, the Rupiah will gain lower international trust," said Jefrey on Wednesday.
Jefrey went on to say that the high distribution of counterfeit money will in turn reduce the public's trust toward the Rupiah.
"Our record shows that money counterfeiters have only been sentenced to imprisonment of less than a year," he said.
In the mean time, Deputy II of the National Intelligence Agency (BIN), Agoes Putranto, cited BIN Chief Soetanto saying that counterfeit of money is both a pure crime and a form of subversive act. "Money symbolizes state sovereignty. Counterfeit of money may pose a strategic threat toward the state," he said.
Agoes said 170 cases of counterfeit of money were found between 2005 and 2010 in Jakarta, Medan, Makassar and Bali.
1:35 PM
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Indonesian Food and Drugs Monitoring Agency (BPOM) records that only two percent of China-made cosmetics and food products circulating in the country are licensed.
BPOM Chief Kustantiah said on Monday, "98 percent of China-made cosmetics and food products are not registered in the BPOM."
For the time being, the BPOM plans to persuade Chinese producers register products that are subjects to imports. "Thus, it will be safe for Indonesian consumers to consume [the products]," she said.
12:50 PM
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“As the two largest economies in south-east Asia, there is considerable scope for Australia and Indonesia to strengthen and expand their economic relationship,” Emerson said in his statement to VIVAnews on Sunday.
According to the Australian Embassy, Emerson is scheduled to visit Jakarta from Tuesday until Wednesday, 19-20 April 2011.
This is Emerson’s first visit to the country as Trade Minister, and comes as Australia and Indonesia prepare for negotiations on a Comprehensive Economic Partnership Agreement (CEPA). Prime Minister Julia Gillard and Indonesian President Suslio Bambang Yudhoyono launched the CEPA process in November last year.
Besides the CEPA negotiations, both ministers will discuss Indonesia’s ratification of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) and the Doha Round of multilateral trade negotiations.
Emerson and Pangestu will also discuss the finalisation of a joint pilot project designed to help improve Indonesia’s cattle-breeding performance. Indonesia is Australia’s fourth-largest market for agricultural exports, behind Japan, China and the US. In 2009-10, the value of two-way trade between Australia and Indonesia was A$11.8 billion.
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