Maritime Affairs Minister to Make Inventory of

Indonesian Islands
Zoom Out Zoom In Normal

TEMPO.CO, Jakarta - The Minister of Fisheries and Maritime Affairs, Susi Pudjiastuti, said on
Saturday that she would make an inventory of the islands in Indonesia, including their ownership.

"It is about ensuring some orderliness. The government needs to know the states assets, and how
many islands it has now. That is our program," she noted.

She was here to receive an honorary doctorate degree from Diponegoro University.

Minister Susi pointed out that so far, there is no inventory of the islands.

"We have so far had no record regarding the exact size of each island or the potential of the islands,"
she noted.

She said the inventory would also reflect the details of ownership of these islands.

"It will all be put in order. How and from where the ownership was received or whether it is valid. No
one is allowed to own an island to the extent of 100 percent," she underlined.

Communities, including individuals, may own islands but 30 percent of the ownership of the islands
must remain with the state.

"An island may not be owned 100 percent by community members. A minimum of thirty percent must
remain vested in the state and others. We will immediately launch this program," she commented.

Kadin Supports Indonesia Out of OPEC

Zoom Out Zoom In Normal

TEMPO.CO, Jakarta - Hardini Puspasari, the chairperson of the Standing Committee of

Cooperation Assistance/Development of Renewable Energy at the Indonesian Chamber of
Commerce and Industry (Kadin), has said she supported the Indonesian government for temporarily
quitting the membership of the Organization of Petroleum Exporting Countries (OPEC).

"The government's move, as stated by President Joko Widodo (Jokowi), to exit temporarily from
OPEC membership should be supported and appreciated," Puspasari said, when contacted from
Yogyakarta, on Friday.

According to her, the step will automatically give a large space for the development of new and
renewable energy in Indonesia, because Indonesia has a huge potential for renewable energy. In
addition, she said that the increased need for fuel for the Indonesian people has become an urgent
priority that requires serious attention.

Therefore, the government is expected to soon develop the renewable energy sector in a focused
and serious manner, so as to improve the national economy, both in terms of revenue and
expenditure, she stated. Energy and Mineral Resources Minister Ignasius Jonan said in a statement
on Thursday that Indonesia has decided to temporarily quit the OPEC membership.

Jonan announced the decision at an OPEC meeting in Vienna, Austria, on Wednesday. Jonan, who
attended the meeting, said the Indonesian government made the decision after OPEC agreed to cut
its crude oil production by 1.2 million barrels per day, not including condensate.

With the agreement, Indonesia's share of the cut was around 5 percent of its total production or
around 37,000 barrels per day. Jonan said Indonesia, already a major net importer of oil, still relies
on oil revenue for much of its state income.

He said based on the 2017 state budget, it is predicted that the country's oil production in 2017
would fall only by 5 thousand barrels per day in comparison with its production in 2016. "That is the
level of production cut Indonesia could accept, as the country could not afford a cut of 37 thousand
barrels per day as required by OPEC," he pointed out.

He said for Indonesia, as a net importer, it would be difficult to agree to the cut as required by OPEC
when oil price theoretically would increase.

---

BKPM upbeat over $43b

investment target
The Investment Coordinating Board (BKPM) is upbeat that the country
will reach the investment realization target of Rp 594 trillion (US$43.8
billion) this year, claiming that the country remains attractive to
foreign investors despite the global economic slowdown.

We will reveal the figure of 2016 investment realization soon. I am

positive about it [the target]. Moreover, I think next year we can set a
more ambitious target than this year, BKPM chief Thomas Lembong
said on Thursday, expressing his confidence in President Joko Jokowi
Widodos pro-investment policy.

BKPM data shows that Indonesia, as of September, pocketed Rp 453

trillion in realized investment, up 13.4 percent from the corresponding
period last year.
The figure consists of Rp 295 trillion in foreign investment and Rp 158
trillion in domestic investment, an increase of 10.6 percent and 18.8
percent, respectively, from the same period last year. (adt/hwa)

Indonesia`s Trade Balance Has US$15 Billion Surplus

Zoom Out Zoom In Normal

TEMPO.CO, Jakarta - Indonesia`s trade balance can reach US$ 15 billion in 2016, triggered by the
realization of the repatriated funds of Rp 143 trillion, according to an official at central bank Bank
Indonesia on Saturday.

Executive Director of the Monetary and Economic Policy Department of Bank Indonesia Juda Agung
in Kuta Bali on Saturday said that the flow of repatriated funds is only one of the factors that cause
the surplus of Indonesias trade balance this year.

For the record, Indonesias trade balance saw a deficit of up to US$ 1.1 billion.

"There are several scenarios at the fourth quarter this year but I cant explain them. As we know that
in the fourth quarter, there is repatriated fun from the tax amnesty program amounting to Rp100
trillion, Juda said.

INDRA ARIEF PRIBADI | ANTARA