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MCI (P) 20/07/2014
President Declares
Indonesia -
A Winning Nation
Tax Amnesty
NOW
INVITATION TO INVESTORS
It’s Now or Never The Time is
New Era in
Maritime
& Air Transport
KADIN: How
the Economy is
Shaping Up
Opportunity Indonesia 2016 A
SPECIAL PUBLICATION BY THE EMBASSY OF INDONESIA, SINGAPORE
Congratulations
REPUBLIC OF INDONESIA
INDEPENDENCE DAY
Batamindo Industrial Park Bintan Resorts - Plaza Lagoi Bintan Resorts - Nirwana Gardens
GALLANT VENTURE
Indonesia’s Partner in Progress
Gallant Venture Ltd is an Indonesia focused investment
Batamindo Industrial Park holding company headquartered in Singapore. We are an
integrated automotive group with coverage across Indonesia and
master planner for industrial parks and resorts in Batam and
Bintan.
Since our establishment in the 1990s, we have been an
important innovator in four key business segments – utilities,
industrial parks, resort operations and property development.
Our businesses are well-positioned to leverage on the strategic
Bintan Industrial Estate
proximity of Singapore and the strategic alliance between the
Singapore and Indonesia governments.
Our landmark development projects include the Batamindo
Industrial Park, the Bintan Industrial Estate and Bintan
Resorts, with more prime developments in the pipeline slated
for completion in the near future.
Bintan Industrial Estate
GALLANT VENTURE LTD
Address: 3 HarbourFront Place #16-01 Harbour Front
Tower Two Singapore 099254
Tel: +65 6389 3535 Fax: +65 6396 7758
www.gallantventure.com
B Opportunity Indonesia 2016
Publisher’s Note
Contents 2
FEATUREs
Indonesia - A ‘Winning’ Nation
President Jokowi Independence Message 4
4 Tax Amnesty: It’s Now or Never 8
A New Era: Maritime & Air Transport 20
IN CONVERSATION
HE I Gede Ngurah Swajaya 6
Trade & Investment
18
KADIN: How Economy is Shaping Up 14
BKPM: Speedy Startups 16
GARUDA: Strengthening Connectivity 18
CUISINE
FOOD & BEVERAGE: If You Have a Taste
for Travel 22
INDONESIA FACT SHEET 24
ADVERTORIALs
TOURISM: BLR Bedazzles 10
Property Development: Gallant Venture Ltd -
12 Noting Ventured, Nothing Gained 12
8 13
MICA (P) 20/07/2016
This commemorative special is published under the advocacy of HE I Gede Ngurah Swajaya, Ambassador of the Republic of Indonesia, Singapore.
© Copyright 2016 by Sun Media Pte Ltd. The opinions, pronouncements or views expressed or implied in this publication are those of contributors or
authors. They do not necessarily reflect the official stance of the Indonesian authorities nor their agents and representatives. The aim of this publication is
to guide and provide general information. While every effort has been made to ensure the accuracy of all information contained, the publisher cannot
be held liable for loss incurred in any way whatsoever by a company or a person relying on this information.
For further inquiries, contact: The Embassy of the Republic of Indonesia, 7 Chatsworth Road, Singapore 249761
Website: www.kbrisingapura.sg www.indonesianembassy.sg
Opportunity Indonesia 2016 1
PUBLISHER’S NOTE
The
TAKE OFF
HAS BEGUN
The level of activity and government action focused on
investment and development is almost unprecedented.
In fact, problems in infrastructure development, corruption
and red tape are fast becoming problems of the past. In
short, Indonesia really means business...
UNDER President Joko Widodo the country One of the most committed stakeholders, His
is making discernable progress. In August, Excellency I Gede Ngurah Swajaya, the new
he reshuffled his cabinet, signaling a renewed Indonesian Ambassador to Singapore, is less than
commitment to economic progress. The new six months into his term but has hit the ground
cabinet includes steady old hands with the running and his economic agenda only signals his
experience and expertise to bring Indonesia to vigour. We hope you heed his message that now
the next level. This is great news for investors who is the right time to invest. He highlighted how
appreciate Indonesia’s stability and the leadership’s the recent tax amnesty provides a local option to
political will to open up the economy and promote Indonesians enticed by offshore financial hubs.
trade and investments. Indeed the deal is a sweet one for anyone who
wants to grow their funds and make a difference -
In this issue of Opportunity Indonesia we talked if they act now. We are optimistic about the future
to the major stakeholders who also offer their of Indonesia and we hope you will be too. Happy
advice and share the opportunities that await the reading and Happy 71st Birthday Indonesia!
Singaporean investor.
Nomita Dhar
Publisher & Editor-in-Chief
PUBLISHER Sun Media Pte Ltd EMBASSY EDITORIAL BOARD
Dwi K.I. Miftach, Aisyah Endah Palupi and
EDITOR-IN-CHIEF Nomita Dhar Melati Sosrowidjojo
EditorIAL Syed Jaafar Alkaff EMBASSY WEB LIAISON Muhamad Alamsyah
Foo Yong Han
PRINTING Stamford Press Pte Ltd
ADVERTISING & MARKETING
Alan Kanas, Neha Jain, Tan Yu Xian EDITORIAL OFFICE Sun Media Pte Ltd, 20 Kramat Lane
#01-02 United House, Singapore 228773
PHOTO CONTRIBUTIONS
Embassy of the Republic of Indonesia in Tel: (65) 6735 2972 / 6735 1907 / 6735 2986
Singapore, Visit Indonesia Tourism Office, Fax: (65) 6735 3114
Coordinating Ministry for Economic Affairs,
E-mail: admin@sunmediaonline.com
Muhamad Alamsyah, Valerius Reza
Boenawan and Michael Ozaki Website: www.sunmediaonline.com
2 Opportunity Indonesia 2016
Opportunity Indonesia 2016 3
PRESIDENT’S INDEPENDENCE DAY MESSAGE
Indonesia - A ‘Winning Nation’
In commemoration of the 71th anniversary of
Indonesia’s independence on 17 August 2016,
President Joko ‘Jokowi’ Widodo put emphasis
on self-improvement among the civil sector
and innovation at a national level on 16
August at the State of the Nation address
PRESIDENT Widodo spoke on issues infrastructure development,
of national development, the economy, preparing productive capacity
terrorism and securing Indonesia’s and human resources
sovereignty. He used Indonesia’s 71st and deregulation and de-
anniversary of independence as a bureaucratisation.
rallying cry to politicians and people
alike “to win the competition, to serve The president then touched
humanity, and to achieve equitable on the economy. He said the
progress”. government’s bureaucracy has
The President urged leaders and
members of the state to continue their
cooperation with one another and
improve their communication channels
and operational procedures in order to
gain the trust of the public. He pointed
out that productivity was highest in
the history of Supreme Court in terms
of settling cases until the end of last
year and highlighted that should be
the type of benchmark public officers
should aspire to accomplish.
“Teamwork and good cooperation
have, so far, eased our efforts to carry
out the mandate of the people,” the
president said. Swinging the spotlight
from the civil sector to the people of
Indonesia, he strongly advised that the
country needs to leave its comfort zone been deregulated and simplified to spending policy and financing policy.
in order to become a “winning nation.” speed up services and boost investment The budget sets next year’s growth
and productivity. He added that more target at 5.3 percent and inflation at
“We must be creative, innovative, than 3,000 regulations related to trade 4.0 percent. Rupiah exchange rate is
optimistic and willing to help each and investment had been revoked targeted at 13,300 per US dollar. The
other. Without the courage to leave because they were not enabling president is confident the 2017 budget
our comfort zones, we will continue to economic development. would meet its aims and use this year’s
face poverty, unemployment and social global economic slowdown to stress his
inequality,” exhorted the president. President Widodo also revealed point. He highlighted that Indonesia’s
the proposed 2017 state budget economic growth had reached 4.92
To facilitate the “winning nation” at his speech. He mentioned percent in the first quarter of this year,
mentality, the president stated the spending priorities for 2017 include higher than the average growth level of
government is focusing on three education, tourism, health, food and the world economy.
breakthrough measures to eradicate energy security as well as maritime
poverty, unemployment and social sovereignty. The budget is based on The president later turned the
inequality. They are – expediting three basic policies – taxation policy, attention to something more serious
4 Opportunity Indonesia 2016
PRESIDENT’S INDEPENDENCE DAY MESSAGE
“Maka, apapun bidang yang kita
geluti, jadilah yang terbaik. Dengan
kerja nyata bangsa Indonesia bisa
menjadi pemenang, dengan kerja
nyata bangsa Indonesia bisa menjadi
bangsa yang maju, berdaulat,
mandiri, dan berbudaya”
- Presiden Joko Widodo
“We should do our best in whatever
field of endeavour we undertake.
Only then we can be winners and
Indonesia be a developed, sovereign
and cultured nation.”
- President Joko Widodo
in his State of the Nation address
16 August 2016
(Top left clockwise): Indonesian
Presidential Honour Guards and
students in the National Flag Raising
Ceremony in Jakarta
on 17 August 2016
– terrorism. After incidents this year vessels off the gas-rich Natuna Islands and China, the president emphasised
including the January terrorist attacks in recent months. Beijing claims the Indonesia is committed to the peaceful
in Jakarta which left eight people dead, waters around the islands as part of its resolution of international conflicts,
and the killing on Sulawesi island in traditional fishing grounds. including South China Sea dispute.
July of Islamic State-allied militant He then re-affirmed his intention to
leader Santoso, he advised Indonesians While Indonesia is not a claimant in transform Indonesia, a string of more
to be vigilant in fighting terrorism and the broader disputes China has with than 17,000 islands that would stretch
to prevent its growth. several other nations over its South almost from New York to London,
China Sea claims, President Jokowi into a maritime power through the
On the regional and international has sought to underscore Indonesian development of the fishing industry,
front, the president focused on the sovereignty in the area. On 17 improvement of port infrastructure
ongoing maritime dispute in the August, the Indonesian navy sank 71 and bolstering of sea defences.
South China Sea between ASEAN impounded foreign vessels there in a
and China. Indonesia’s navy has been show of force.
involved in several altercations with
Chinese fishing boats and coast guard Despite the tension between Indonesia
Opportunity Indonesia 2016 5
IN CONVERSATION
Amb. I Gede
Ngurah Swajaya
Editor-in-Chief Mrs Nomita Dhar asked
the new Indonesian ambassador in
Singapore on matters related to today’s
headline news, the economy and what
are the main thrusts of his agenda ahead
State of bilateral ties As neighbours, there are
Cooperation between Indonesia and many things we can do
Singapore is strong. Recently with the together, both in terms of
terrorist threats to Singapore from the economy, in terms of making
island of Batam, we are working together the region safer and ensure
on more preventive and law enforcement peace and stability in the
region. This engagement is
measures. We do not rest on such issues
always on going.
and are always on alert. We want to
make sure visitors to Indonesia will be
Realising Indonesia’s
safe and enjoy the beauty of the country
potential and
without being too unduly worried. I
opportunities
was pleased that the recent Batam and
Pak Jokowi and Pak Jusuf
Bintan Familiarisation trip organised for
Kalla are very aggressive in sectors, which were previously closed
ambassadors we invited from Jakarta and
their agenda to improve infrastructure only for domestic investments. This
Singapore required no special security will broaden the sectors and the type of
development. Much have been completed
measures. They visited the industrial investors so small- and medium-sized
in the past one and a half years of their
parks, played golf (picture on this page), companies can invest alongside big
presidencies. Our approach is that in
enjoyed the beach and outdoor activities order to improve infrastructure facilities, companies.
while their spouses explored nature, the we have to improve the ease of doing
mangrove forests with no problems at all. business in Indonesia. Indonesia has a lot Embassy activities
of potential to offer. With the support of promoting economy
What more can be done new infrastructure facilities, I think that The response to our investment
to promote relations will enable foreign investors to come and initiatives has been quite positive from
The national day of both countries happen develop the Indonesian economy. Singapore. In the six months since my
to be in August and we want to make arrival, there were a number of business
use of the momentum of Indonesia’s 71st Within the same context, the President activities we organised and they made a
birthday and Singapore’s 51st birthday has so far introduced 12 Economic positive impression. We organised and
to strengthen the bonds between us. The Deregulation Packages so the ease of participated in investment seminars and
friendship should not be limited to just doing business will improve. One of talks e.g. we received a very enthusiastic
good personal relations between leaders, the measures that is most welcomed by response from the Singapore Chinese
high-ranking officials and ministers, but potential foreign investors, especially Chamber of Commerce & Industry.
most importantly, between the people of small- and medium-sized companies, is While we saw Singapore businesses
the two countries. We have a lot to learn the latest review of the ‘negative list’ of commit to investing in Batam, we
from each other. I happen to also agree industries that
with the message of Singapore’s Prime have restrictions
Minister Lee Hsien Loong about the for foreign
three challenges to unity that Singapore business and
faces. I think we are also facing the same investors. This
situation – how our people despite their will allow foreign
different religions and races, can form one direct investment
community and one nation. into different
6 Opportunity Indonesia 2016
IN CONVERSATION
are highlighting other investment not penalise them financially. When they Within ASEAN, we have more than 600
destinations such as the Kendal Industrial report their assests using the first window million people, so globally investors can
Park in Central Java, which is a joint- of opportunity, they will only pay a two not only tap onto the Indonesian market
venture between Indonesia and Singapore percent penalty. The asset repatriation can but also the ASEAN market as a whole.
companies. There have been three be kept in any bank of their choosing, in A complementary partnership between
business missions to Surabaya as it seems different instruments such as bonds and Indonesia and Singapore will always
that there are many small- and medium- shares. They can get an estimated four be around. Singapore is now moving
sized Singapore companies who see percent from these instruments. After to a future economy but there are some
promising potential there. There is plenty paying their two percent penalty, they get industries that it is unable to take in.
of optimism and commitment despite to keep the remaining two percent – a Having Indonesia as a partner will ensure
uncertainty in the global economic win-win situation for all. Indonesia is not a mutually beneficial cooperation that
situation. We hope by promoting more the only country granting tax amnesty. will help the bond between the two
business interaction, co-operation, Many other countries are giving it as well. countries grow stronger.
investment and tourism in the region, We want to let people know we are now
it will enable us to contribute to growth Just last week, there was a flower festival
at least in the region and that this will in Tomohon, North Sulawesi and about
lessen the negative impact of the global 10 people from Singapore associations
economic climate. and importers visited it to see for
themselves what are the opportunities.
Tax Amnesty Later, I received a report that there are
Aside from inviting foreigners to invest, already some deals for deliverables from
we also invite our fellow Indonesians who Indonesia starting next January. We are
are based in Singapore to invest in their also promoting our creative industry and
home country. We tell them Indonesia there are many things happening
is changing and that we mean business. in that area. On top of that, we are
Now is the time to act otherwise they looking to export our very famous coffee
will be left behind. Within this context, from Indonesia.
I would like to touch on the recent tax
amnesty announced by the President Interests of Domestic Helpers
in July. It is an opportunity not only for We are grateful for the support given by
the government but will also benefit the the Singapore government in offering
country, all citizens and taxpayers. increased protection of Indonesian
domestic workers here. We are working
Upcoming legislation initiated by the developing our economy. closely with the authorities here to make
G20 will probably see the introduction sure their rights and obligations are
of new laws by 2018 where Indonesia, As you might have known, it has been an fulfilled in a balanced manner.
Singapore and many other countries are especially busy past four-month period We are also working on a programme
signatories that enable them to exchange for the President as he was inaugurating to improve the capacity of the domestic
information with one another details a new airport almost every month. workers so in the future they have
about their taxpayers. So there will be This really gives you an insight into the better options to choose a different
no reason for taxpayers to hide their opportunity available for Indonesians job with better pay and prospects that
wealth in Singapore as governments will to participate in helping the country’s will improve their welfare. We have
be cooperating closely in this matter. infrastructure development. The injection an Indonesian school in Singapore
This is a good time to participate in the of funds will stimulate the economy and providing short courses and training
tax amnesty. I hope they will attend the open up bigger opportunities for investors every weekend for domestic helpers who
awareness programmes and talks we are to do whatever businesses they wish to do are interested in getting a certification
holding. in Indonesia. that is acknowledged not only in
Indonesia but in Singapore as well.
Just a day after the government endorsed ASEAN-wide,
the tax amnesty law, we organised an there’s
awareness session in Singapore attended reason for
by 60 Indonesians. Their response was optimism
quite favourable. By introducing tax In ASEAN, the
amnesty, we explained how it will allow Indonesian market is
us to have transparency for all –both the biggest. We have
government and taxpayers. 260 million people
and the middle class
When Indonesian taxpayers repatriate and purchasing
assets, our government will open power in the country
instruments and opportunities that will is still increasing.
Opportunity Indonesia 2016 7
Gearing up for
ASEAN Integration
“This opportunity will never
come again as tax amnesty
will not be repeated again.”
-President Joko Widodo
2015
With 2015 fast approaching, Indonesia along with other ASEAN countries
It’s Now or Never
are working together to realise the ultimate goal of an integrated
ASEAN Market - by Priya Ramakrishnan
Participation in the new amnesty programme marks a new fiscal chapter
in the nation’s relationship with Indonesians based overseas. They now
can provide a tremendous positive impact on the economy
P
resident Joko “Jokowi” Widodo amnesty program will result in Rp 4 tax ratio from the current level at around
formally announced the passing quadrillion-worth of economic benefits 12 percent.” The new influx of liquidity
of the Tax Amnesty Law on 1 for the country, leading to a higher tax will be greatly welcomed in the current
July 2016. The highly anticipated laws ratio. global economic situation where nations
are designed to help encourage the such as China, US, Japan and the EU are
repatriation of funds from overseas into The report also quoted IAI Chairman, still in the doldrums and international
Indonesia’s real sector and financial John Hutagaol who said the government’s commodity prices are still low.
market. measures to provide a low redemption
rate and pardon for the repatriated assets President Jokowi has described the new
In a news report in the Jakarta Post would boost liquidity, spurring economic laws as a breakthrough in solving the
by Ayomi Amindoni, the Indonesia growth amid the global economic country’s tax-revenue problems and
Accounting Association (IAI) has slowdown and that, “Each quadrillion called on tax evaders to take part in the
projected that each quadrillion in in repatriated assets will have a domino programme, “This opportunity will never
repatriated assets through the tax effect of Rp 4 quadrillion, and increase our come again as tax amnesty will not be
8 Opportunity Indonesia 2016repeated again. Anyone who wants to
participate in the programme, please do.
Those who don’t feel like needing to, be
careful,” Jokowi said at the Directorate
Tax Amnesty Scheme Highlights
General of Taxation office where he m US$103.5 billion expected by the Indonesian
inaugurated the news in Jakarta. Government to be repatriated home.
The government aims to see Rp 4
quadrillion (US$303 billion) in declared
m Must keep funds onshore for a minimum of
assets and Rp 1 quadrillion in repatriated three years.
assets from overseas, and to pocket Rp
165 trillion in tax revenues from the m Enjoy preferential tax rates, from 2 per cent to
penalties. Presently, Indonesia’s Ministry 10 per cent, depending on how early one declares
of Finance is finalising ministerial previously untaxed assets and whether the funds are
regulations that will direct how the repatriated from overseas. These rates are well below
implementation of the tax amnesty laws. current Indonesian personal income tax rates which
This will include the appointment of
range from 5 per cent to 30 per cent.
banks that will be authorised to accept
repatriated funds, the procedures and
requirements for reinvestment. m Funds will be used to finance infrastructure
and boost economic growth.
The planned tax amnesty hopes to attract
more than Rp 100 trillion (US$7.5 billion)
in funds back to the country and many
sectors of the economy are expected to
benefit from this. Fore example, realtors
are gearing up for a rise in activity as
rich Indonesians look for ways to invest
repatriated funds. A survey by property
consultant Cushman & Wakefield,
highlights sales rate of condominiums
in the second quarter of the year stood at
98.2 percent, relatively flat compared to Proposed:
the previous quarter and year. However, Tax Havens in
the occupancy rate was only 62.5 percent,
a 2.1 percentage point decrease from the Bintan & Rempang
previous quarter. Cushman & Wakefield
director of research and advisory services
Arief Rahardjo was reported as saying
that the amount of repatriated funds that
could be spent in the country can heighten
demand in the property industry and
that, “It’s just a matter of time.” Realtors
in Jakarta estimate currently about 60
percent of condominium buyers were
investors.
Barelang Bridge part of a chain of six bridges linking Rempang with Batam
In Singapore, the Indonesian Embassy has Coordinating Maritime Minister Luhut Panjaitan has announced plans to
organised special workshops to explain to turn two islands near Singapore into its own tax havens to prevent taxpayers
the Indonesians diaspora the highlights from keeping their assets offshore (e.g. in Singapore). The senior Cabinet
of the new legislation. The first of these minister said the government was studying the suitability of Bintan and
workshops held on 11 August 2016 was Rempang for this purpose. This is a particularly opportune time he said to
specially chaired by HE Sri Mulyani do this especially with the introduction of the tax amnesty programme.
Indrawati herself. The Indonesian
Minister of Finance addressed a select Rempang island is connected to Batam by a road bridge and both Bintan
group of the diaspora here and shared the and Batam are just about an hour’s ferry trip from Singapore. Mr Luhut also
enormous potential benefits the new tax said that if the proposal becomes a reality, Indonesian and foreign businesses
laws can bring to the nation and how it can set up shell companies there to keep their offshore investments, with
can help the individuals themselves. low taxes to lure them.
Opportunity Indonesia 2016 9ADVERTORIAL
Paradise Lost and Found
SITTING on 300 hectares of land, much of it
jungle, it’s easy to see the allure of BLR to so
many visitors in its 20-year history. The lush,
scenic rustic backdrop makes it an ideal getaway
from the hustle and bustle of city life, many
coming from nearby Singapore and Malaysia as
well as other Indonesian cities and tourists from
Australia, China, India, Korea and New Zealand.
Things have not always been smooth sailing. It
hit a bump in the road in the past decade as more
travellers started using Online Travel Agencies
(OTA) such as Expedia and Agoda, lured by
cheaper rates.
Last year, owner
of BLR, President
Director Moe Ibrahim,
(pictured right) decided
to take matters into
his own hands and
personally run the
operations. Within
a year, he turned the
fortunes of the resort around based on a fresh
business model – creating a memorable experience
for each of his guests with personalised packages.
Core Groups
His BLR team identified three core customer
groups: families, MICE (Meetings, Incentives,
Conventions and Exhibitions) planners and
executives as well as golfing enthusiasts. They
worked hard to get the message to these groups
that BLR is the go-to resort if they are looking
for fun, sporty activities or a social setting that is
conducive for both relaxation and formal events
such as conferences and weddings.
BLR Bedazzles
This was how BLR got its current name after
taking its branding from the initials of its previous
name, Bintan Lagoon Resort (the full name is still
part of its corporate logo but is now a subordinate
title to the main heading, BLR).
The image overhaul was an unqualified success.
Bintan Lagoon Resort was rebranded
Since March 2016, they have seen a 300 per cent
last year to become BLR. The new increase in customers taking up their packages and
name came with a new approach this has resulted in a 40 per cent increase in direct
business. This is remarkable in the hospitality
to doing business and attracting market where 80 to 90 per cent of its business
guests. BLR management has plenty comes from third party travel agencies.
of reasons to celebrate its 20th
The key attractions of the customised packages
anniversary this September as it for the three segments: families, MICE planners
continues to captivate travellers and executives, and golfers anchored BLR’s target
from around the world markets and are as follows:
1 0 Opportunity Indonesia 2016
10TOURISM
Activities, Actiivities and Activities modelled bunkers, strategically allocated water
As a resort located in the great, scenic outdoors features and a variety of elevation changes to chal-
of Bintan, these activities are the main draw with lenge casual golfers and enthusiasts alike.
most of the guests who want to unwind or have
a sense of adventure that the urban cityscape is Great Hall
unable to offer them. Land activities consist of The new Meeting & Conference Centre, dubbed
archery, all-terrain vehicle rides, beach volleyball ‘The Great Hall’, is a state-of-the-art three-storey
and tandem biking, among others. Water sports building covering a combined open space area of
(Opposite page): Fiesta the all-day dining restaurant serving Asian and Western food at cooking stations and counters opened in May.
(Above): Nelayan sea fronting restaurant and bar specialises in seafood. (Left): Relaxing BLR spa massage treatments
include snorkeling, more than 20,000 square feet and a column-free
kayaking, canoeing, banquet hall holding up to 1300 guests. Offering
surfing, wakeboarding the latest in lighting and audio visual capabili-
and many more. Sight- ties as well as high-speed wireless internet, the
seeing tours comprise conference centre is designed to deliver smart
guided services to Bin- technological features required by today’s MICE
tan’s ecoparks, moun- and corporate planners. Additional space areas
tain trekking routes include a ground floor reception foyer holding 500
and heritage centres. standing guest and an outdoor roof terrace which
can accommodate 200 guests.
Golf Courses For more information: www.bintanlagoon.com
In Bintan, golf is synonymous with BLR and Ferry Note:
there are two to choose from: Jack Nicklaus Sea BLR is the only
Facebook.com/bintanlagoon resort that has its
View Golf Course and Ian Baker-Finch Wood-
lands Golf Course. These two world-renowned Twitter.com/bintanlagoon own terminal. You
championship 18-hole courses offer shaped fair- drop off directly at
ways, ingenious doglegs, rolling greens, perfectly Instagram.com/bintanlagoonresort the resort!
Opportunity Indonesia 2016 1 1PROPERTY DEVELOPMENT
Nothing Ventured,
Nothing Gained
Gallant Venture Ltd prides itself on being an important innovator in
four key business segments: utilities, industrial parks, resort operations
and property development. Opportunity Indonesia examines how its
industrial parks and resort chain have contributed significantly
to the development of Bintan and Batam islands.
(Above): Aerial view of one of Gallant Venture’s flagship developments in Batam - the Batamindo Industrial Park. (Below): Gallant’s Bintan Industrial Estate hsa its
own onsite cargo port and ferry terminal
AS a master planner and chain that covers plastic molding,
developer of two of the most precision components, packaging
well known industrial parks in and logistics.”
the Batam, Bintan and Karimun
(BBK) special economic zone “We provide electricity with
near Singapore, Gallant Venture our power plant, thus ensuring
Ltd is probably the most qualified uninterrupted power to power-
to make a persuasive case to critical tenants who cannot have
businesses and investors from power stoppage. In addition, we
Singapore as well as Singapore- have our own water treatment
based multi-national corporations and waste water treatment,
on why Bintan and Batam are worth their Edmund Lai, Head of Marketing for both telecommunications as well as a one-stop
while to consider. industrial parks. service to facilitate new investors in setting
up their factory in Batam. This service
“Batamindo Industrial Park (in Batam) and According to him, Batam is an excellent consists of license application, manpower
Bintan Industrial Estate are well positioned location for Original Equipment recruitment, logistics and visa/work permit
to enable investors to tap onto the synergy Manufacturers (OEM) specialising in application,” informs Mr Lai.
between Singapore and BBK. Its proximity electronics. He elaborates, “Because of
enables companies to have a dual operation its closeness to Singapore, companies Over at Bintan, Gallant Venture Ltd’s
- their headquarters and research and who invest in their operations in Bintan Industrial Estate is a unique sea-
development hub in Singapore and their Batamindo Industrial Park will be able fronting industrial park that is suitable for
manufacturing activities in the Batam- to avail themselves to a cost competitive Just-In-Time ( JIT) manufacturing. “We’ve
Bintan Free Trade Zone (FTZ),” explains environment with an excellent supply our ferry terminal and own cargo port that
1 2 Opportunity Indonesia 2016PROPERTY DEVELOPMENT
Bintan’s Lagoi Bay dubbed to be the upcoming ‘Riviera’ of the Riau islands
Bintan hospitality offerings - Gallant’s wide range of developments include (above from left) the ultra luxe Sanchaya Resort, the Nirwana Resort Hotel and Lagoi Bay.
(Top right): Trending upward table of Total Visitors Arrivals from 1996 to 2015 at all of Gallant’s Bintan resorts
tranships to Singapore on a daily basis, and complements Gallant Venture Ltd’s belief Bay is hailed as the new “Heart of Bintan”
like Batamindo Industrial Park, we provide in the “Work-Live-Play” concept for the and includes the island’s latest resorts, The
uninterrupted electricity, clean water employees who work at its industrial parks Sanchaya and Swiss-BelHotel Grand
that meets World Health Organisation and any holidaymaker looking to take a Lagoi. The Lagoi Bay project is a master-
standards and telecommunications. break from the rat race. planned resort destination encompassing
holiday resorts, residential villas, outdoor
“Apart from JIT manufacturing, Bintan Resort Operations activities and Lagoi Beach Village with
Industrial Estate is also ideal for the Since 1992, Gallant Venture Ltd has Plaza Lagoi shopping mall at its centre.
maritime, food processing and aviation provided land and facilities for resort
Maintenance, Repair, and Overhaul operators to set up their business in Bintan, Also opened last year is The Canopi Resort- a
(MRO) industries. We are developing a which is about an hour’s travel from tented resort- and Southeast Asia’s first and
new airport at the Bintan Industrial estate. Singapore and is connected with flights largest salt-water lagoon, the 6.3-hectare
It will serve as a private tourist airport from Jakarta. Crystal Lagoon within Treasure Bay. Both
and an aviation hub for MRO activities. Lagoi Bay and Treasure Bay are short 5
Another new exciting new project we are Bintan Resorts offers an idyllic backdrop for to 15 minutes’ drive from Bintan’s Bandar
working on is the Halal Processing Zone, vacationers to enjoy nature, unwind, explore Bentan Telani Ferry Terminal. Many other
which will be producing Halal food and and discover the beauty of the tropical significant projects are in the pipeline in the
non-food products. We are working with island paradise. Its sparkling azure waters, near future. Some of these include 12 new
the various authorities to be the first in white sandy beaches and verdant jungles resorts and the opening of Bintan Resorts’
Indonesia to create such a zone specifically promise a memorable holiday. own international airport in 2018. Coming
for Halal manufacturing,” adds Mr Lai. too are Chiva Som, an internationally
With world famous resort brands like renowned wellness resort brand and a 102-
If the Batamindo Industrial Park and Banyan Tree, Angsana Bintan and Club year old museum ship hotel.
Bintan Industrial Estate are the hardware Med already on the island, the island also
of Gallant Venture Ltd, then their Bintan plays host to home-grown resorts such Whatever are the major attractions or
Resorts chain is the software and it as Nirwana Gardens and Bintan Lagoon developments coming up or taking place in
Resort to pamper their guests. These the BKK special economic zone, businesses
resorts boast splendidly designed golf interested in going to Batam or Bintan
courses, luxurious spas and a wide range of should touch base with Gallant Venture for
recreational and soft adventure options. a better insight on what is on offer there.
In 2015, a new development
called Lagoi Bay was For more information:
introduced to Bintan. Nestled Batamindo Industrial Park: www.batamindoindustrial.com
on the beautiful northern Bintan Industrial Estate: www.bintanindustrial.com
Bintan Industrial Estate earmarked for maritime, Bintan Resorts: www.bintan-resorts.com
coastline of the island, Lagoi
food processing and aviation Maintenance, Repair,
and Overhaul (MRO) industries.
Opportunity Indonesia 2016 1 3INVESTMENTS
KADIN: How Economy
is Shaping Up
Opportunity Indonesia asked Dr Michael Goutama, the
Chairman of the Indonesian Chamber of Commerce and
Industry (KADIN) Singapore Committee how the economy
and doing business is like today in Indonesia
The Indonesian Chamber of Commerce corridor of 4±1 per cent. The financial believe Indonesia can reach 8 per cent
and Industry (KADIN) is in the forefront system is stable and the banking sector is annual growth.
of feeling the pulse of the state of the resilient.
Indonesian economy, please share with us Can you share what are investor friendly
your analysis of current trends in business? After the government announced “The range of polices that will have a significant
The global economy is predicted to Big Bang” investment policy in 2016, the impact for investors?
expand more slowly in line with growing investments picked up an extra steam. President Jokowi administration has
uncertainty after Britain’s exit from the Indonesia remains to be the top three been marked by a serious public policy
European Union (Brexit). On Indonesian destinations of FDI after India and China. reformation and deregulation. For example,
domestic front, domestic economic growth Moving forward, the trend is promising more than 3,000 regional regulations
gained traction in 2nd quarter 2016. It as the investors can see and feel that the were revoked a few months ago. The
was reported by Bank Indonesia to be at reforms by President Jokowi takes shape simplification of licensing processes has
6.7 per cent, driven by growth in secondary and works, positively. been on-going for the last two years
industries. Indonesia’s trade surplus resulting in real results as such three hours
increased in June 2016 on gains in the What would your forecast be on the licensing approval process by BKPM
non-oil and gas trade balance. The rupiah growth prospects for Indonesian (Indonesian Investment Board).
strengthened in June 2016 as uncertainty Economy in mid term and long term?
surrounding the proposed Federal Funds Bank Indonesia reported that Indonesia Also, the eighth Nawacita principle
Rate (FFR) hike eased, the effect of Brexit grew at 6.7 per cent in the 2nd quarter is mental revolution. The Jokowi
is limited, and positive sentiment on Tax 2016. It projected the domestic economic administration continues in inculcating
Amnesty Law abound. The inflation is growth at 5.0 to 5.4 per cent (year to year good governance and compliance in all
under control to stay within the target basis) in 2016. For the long term, many levels of public service.
Business Intersection Models
What’s your first advice to any
Ø
Singapore companiess considering
Indonesia as an investment
Profits
destinations?
First of all, we need to note that not
Good “Business Intersection”
all investors are the same. We need
to define what kind of investors. For Poor Business Intersection
(assuming others are fools)
simplicity, we can refer to the following Will haunt the company and stakeholders
diagram: Blameless
(complaint profitable and socially responsible)
Ø
If one applies the right objective and
mission, the business will be sustainable
and profitable. Conversely, it is not
recommended to have old and obsolete
business models, objectives and
missions as they will lead to serious
Foolish Business Intersection Wrong people / partners
problems. Poor information / networking
Wrong people/partner
Wrong Business Model / Agenda Wandering and wondering
1 4 Opportunity Indonesia 2016INVESTMENTS
Singapore is a hub for many international public and private sectors are doing very Kendal Industrial Park which is developed
businesses, how can Indonesia leverage on well and as a result, many potential investors by Semcorp in a joint venture with
their presence to explore the Indonesian have translated into committed investors. Jababeka. (see Kendal Note below). Prime
market? Minister Lee and President Jokowi will do
Singapore is the financial hub of the region. How can Singapore leverage on KADIN’s the ground breaking inAugust this year.
It is the New York of the ASEAN nations. presence in Singapore to find partners in
Indonesia can collaborate with Singapore Indonesia? In terms of timing as the world economy
in many areas, particularly in infrastructure As mentioned above, the interface facilitates
at large has shown negative trends and
developments which require a lot of the business development aspects.
keeping in view the growth forecast for
investments.
Indonesia, is it a good time to invest there?
Can you share with us some recent success
In recent months, what are the trends for stories of Singapore companies who have Definitely yes. The macro economic
Singapore’s investments in Indonesia? successfully established in Indonesia conditions, the in-flow money from Tax
Singapore has been the top investor in recently? Amnesty program and the increased
Indonesia. It is believed that the trend will As the largest investor to Indonesia, investment and trade will only propel
remain as Singapore is the regional head Singapore has many success stories to Indonesia to higher economic level. Therein,
quarters for many global and multi national tell. One of the prominent projects is the many opportunities for businesses.
companies.
What are the various initiatives Kendal Note
taken by KADIN recently to enhance Kendal Industrial Park (KIP) has been allocated 2,770 hectares. PT Kawasan
opportunities between Singapore and Industri Jababeka Tbk is the developer of KIP and has acquired 600 ha or about
Indonesia ? 22.22 per cent. KIP is near Semarang, the capital city of Central Java. The Chairman
KADIN has been collaborating with of the Indonesian Association of Industrial Estate (HKI), Sanny Iskandar said
BKPM and the Indonesian Embassy Semarang and Kendal in particular has the potential to become the basis for the
in Singapore in organising business development of national industrial estates, as the current industrial estate centers of
promotions and missions. KADIN also Bekasi and Karawang are overcrowded. He said industrial estates in Central Java
works with its strategic partner Singapore and East Java will grow rapidly because of the abundant labour supply and lower
Business Federation. The interface between minimum wage.
Shinagawa Eye Centre
Congratulates
Republic of Indonesia
ONE EYE CENTRE,
ALL EYE TREATMENTS on their Independence Day
SERVICES:
Eye Health Screening
Cataract Surgery
LASIK Surgery
Glaucoma Treatment
Sore Eyes & Eyelid Stye
Myopia Control in Children
Diabetic Eye Disease
OUR DOCTORS:
Dr. Lee Sao Bing
Dr. Jovina See
Address: 501 Orchard Road, Wheelock Place #05-15, Singapore 238880
Hotline: 6738 8222 Email: info@shinagawa.com.sg Website: www.shinagawa.com.sg
Opportunity Indonesia 2016 1 5INVESTMENTS
Speedy
Startups
Indonesia International Promotion Centre
(IIPC) Singapore’s Director Ricky Kusmayadi
provides updates on latest projects
and measures to streamline
investing in Indonesia
Recent initiatives by BKPM in Impact of New Investment
Singapore Promoting Investment Friendly Policies for Investors
Our office offers consultation to all investors through multiple Some of these recent policies include our One Stop Service Centre
channels: telephones, emails, and face-to-face meeting. At the (OSSC) whiich is a government effort to simplify the process of
same time, we also hold multiple events and co-organize and obtaining licenses and was inaugurated in Jakarta in January last
sponsors multiple investment events in Singapore with our various year. The whole process is meant to put BKPM as a One Stop
stakeholders from Trade Associations or Singapore Government Destination for all investment related services.
Bodies. Once a year we also hold a Business Mission Events where
we will bring potential investors to visit Indonesia and to meet with The OSSC began with the appointment of various Liaison Officers
Indonesian companies and government officials. from over 22 Ministries in BKPM which is tasked to collaborate
with our officers to answer investors’ queries on regulation and
Current Investment Figures & Trends licenses from other Ministries. At the same time, BKPM assigned
Investment Realization in Indonesia for the second quarter (April a number of staffs as a Marketing Officer to help investors handle
¬June 2016) reached Rp 151.6 billion. This is a 12.3% increase all their investment problems outside of BKPM. These Marketing
compared to the same period in 2015. These number again breaks Officers, or MOs, will engage investors directly to equip them
the previous record of investment realization in the country. From with all the information they need in the process of realising their
this figure, total FDI reached 135.1 trillion. investment in Indonesia, be it in terms of regulations, local business
contacts, even to market data.
Out of all those FDIs, the Singapore’s investment in Indonesia
for the second quarter of 2016 reached USD 2 billion, which puts The government is also in the midst of simplifying licence
Singapore as the top 5 investors in Indonesia. Together with Japan applications. Currently there are teams of experts from BKPM who
(USD 1.3 billion), Hong Kong PRC (USD 0.6 billion), China work very closely to eliminate bottlenecks in license application.
(USD 0.6 billion), and Malaysia (USD 0.4 billion) For example, the team has mapped and found bottlenecks in the
application of various licenses for the development of power plants.
With the new high figure of the investment realization, we By working together with the Ministry in-charge of the process,
believe that the overall investment performance in Indonesia will the Government has successfully reduced the amount of processing
continue to go up. It is also a testament to the continued effort and time for the license, from the previously recorded 930 days to a
commitment of the current government to ensure and improve significantly less 393 days! We will continue our efforts to reduce
investment climate in Indonesia. these bottlenecks.
1 6 Opportunity Indonesia 2016INVESTMENTS
New Infrastructure Development Projects Offering Investment Opportunities
Name of Project Est. Investment (S$) Province Scheme*
Cileunyi Sumedang Dawuan Toll Road 1 billion West Java Subsidised BOT
Batam Light Rail Transit (LRT) 720 million Riau Islands BOT
Bandung LRT (First Corridor) 300 million West Java BOT
Batam Waste to Energy 77 million Riau Islands BOT
Kabil Port (Tanjung Sauh Terminal) 1.27 billion Riau Islands Subsidised BOT
West Semarang Water Treatment System 88 million Central Java BOT
Lampung Water Treatment System 75 million Lampung BOT
Pondok Gede Water Treatment System 40 million West Java BOT
Note: Information on the above are subject to change as the Government of Indonesia finalises details of the projects.
*BOT: Build- Operate-Transfer
In January this year, we officially launched the 3-Hour including the IMTA and the work permits for all the directors
License Service. It is available for investors with a minimum and commissioners. We find this service to be efficient and
investment of 100 billion Rp (US$8 million) and/or the staffs to be friendly and professional in the way the work
employing 1,000 local workers. this service will accelerate was carried out.”
crucial license applications to start company operation in
Indonesia. Investors who fulfill the criteria will be able to Leading Investment Sectors for Indonesia
bring along their required documents and obtain nine licenses For Foreign Direct Investment in the second quarter of 2016,
documents which will allow them, in-one-go, to officially five leading sectors are:
incorporate their businesses, to start their import processes, to 1. Metal & Machinery & Electronic Industry (US$893.54m)
start their applications for visas for foreign employees, and to 2. Mining (US$715m)
obtain official land information for their businesses. 3. Chemical and pharmaceutical industry (US$592m)
4. Office, real estate & industrial estate (US$546m) and
Finally in February this year we have implemented the Direct 5. Food industry (US$520 million)
Construction Facility (DCF), a licence that will be given
to investors who have already submitted investment plans Also, Indonesia is now opening up its door widely for foreign
in official industrial bonded zones in Indonesia. With this investors in its efforts to speed up the development of its long
licence, an investor is allowed to start construction activity awaited infrastructure projects. Some of these are listed in the
of their manufacturing facilities directly after obtaining their table provided (see this page).
Principal Licenses. Once the license is obtained, the investor
is allowed to obtain other necessary construction licenses in How Singapore Companies Can Leverage
parallel with their actual construction activity. on BKMP to Expand into Indonesia?
With us in Singapore, investors can have a direct channel in
Singapore Companies that Benefitted which they can send their enquiries and feedbacks. We also
from New Investment Friendly Policies provide the assistance for investors to apply their licenses
We would like to highlight the experience of SIM AERO, directly from Singapore. At the same time, many of our
a Singapore based aerospace company that used the 3 hours events will be attended by many high ranking officials from
licensing system for the incorporation of their company in Indonesia and present opportunities as potential networking
Indonesia. They have told us that they value the importance sessions with potential Singaporean investors.
of the 3 hours service offered by the Indonesian Government
and support this initiative to make investments less Whether you are a large or medium investors to Indonesia, we
complicated in Indonesia. They told us that the presence and advise you to come to us to make use of our service. There is
participation of all high level BKMP officers in assisting SIM no risk as our services are completely free of charge.
AERO in establishing their first steps to set its footprint in
Indonesia gave them great confidence as investors and made
them feel privileged.” For more information related to investment in Indonesia:
The Indonesian Investment Promotion Centre Singapore
Another good example we would like to mention is Douglas 8 Temasek Boulevard, Suntec Tower 3, #33-03
Valley Holdings. They wrote a testimonial to us stating that, “ Singapore 038988.
We (Douglas Valley Holdings) are really happy when we came Tel: +65 6334 4410 Fax: +65 6334 4891
to this office to find that we can can achieve that objective. E-mail: invest@bkpmsingapore.com
In 3 hours we completed all the administrations necessary
Opportunity Indonesia 2016 1 7Strengthening Connectivity
(Above): Senior Advisor
Michael Ozaki
Michael Ozaki
Changi Airport Group
Wong Woon Liong,
President & CEO Garuda
Indonesia M. Arif Wibowo
Indonesian Minister of
Tourism Arief Yahya and
Indonesian Ambassador for
Singapore H.E. Ngurah
Swajaya at the relaunch of
daily flights from Singapore
to Medan on 14 June 2016
(Far left & left): Pak Santot
at a media briefing lunch
and with ground staff at
NATAS Fair 2016
After re-launching “THE Indonesia-to-Singapore market has when it can start international flights.
always been more dominant than Singa- T3U has an annual capacity of 25 million
direct flights to Medan pore-to-Indonesia market and we strive to passengers. International airlines that belong
in June, Bandung is balance that by opening up avenues of travel to the SkyTeam alliance will use T3U from
next in 2017. Garuda to Indonesia and the re-launching of daily September 2016. Out of the 25 million
direct flights to Medan and to Bandung capacity, 18 million is allocated for Garuda
is looking to boost next year will redress this situation. Band- Indonesia and its fellow SkyTeam members.
traffic from Singapore ung was originally planned this year but we “Soekarno-Hatta has always kept a high
to Indonesia. The wanted more time to analyse the demand standard of terminal operations and facilities
and I expect it to be in the next 2017 sum- and this latest terminal opens up possibilities
airline’s Vice President
mer schedule,” said Mr Sentot Mujiono. for more passenger traffic from around
(Asia Region) Sentot the world, especially Singapore,” said Mr
Mujiono talks about The partial opening of Terminal 3 of Mujiono.
the new routes and Jakarta’s Soekarno-Hatta International
Airport on 9 August 2016 also marks a Apart from the new routes, Garuda is
achievements (so far) special milestone in the region’s aviation also closely working with the Ministry
this year scene. Dubbed the “Ultimate” (T3U), it of Tourism of Indonesia on the travel
seeks to attract international travellers programmes such as the ‘‘Wonderful
to visit instead of just transit through Indonesia’ Travel Pass’ which offer up
Indonesia. Garuda has already moved its to 30 per cent discounts to three to five
operations there and has started operating destinations in Indonesia. This campaign
domestic flights. The airline is awaiting the strives to promote the country’s cultural,
decision from the Ministry of Transportaion heritage, nature and adventure sites.
1 8 Opportunity Indonesia 2016TRANSPORTATION
Happy
Indonesia Independence Day
from
Inside the new Soekarno-Hatta airport T3U - the ‘Ultimate’ terminal
“While Singapore visitorship to Indonesia is still the highest
in the world, there is room for greater growth. Most of the
tourism arrivals from Singapore are in Batam. We want to
change that with the ‘Wonderful Indonesia Travel Pass’. It has
conveniently packaged for travellers four different categories:
Adventure Pass, Underwater Pass, Heritage Pass and Explore
Pass,” explained Mr Mujiono. “Tourist arrivals to Singapore
from Indonesia number at least 15 million on average every
year and if we could get even one to two per cent of that
number in terms of Singaporean arrivals to other parts of
Indonesia, it would be great,” underlines Mr Mujiono.
For more information on Wonderful Indonesia Travel Pass
visit Garuda Indonesia ticketing office at 101 Thomson Road,
#12-03 United Square, Singapore. Tel: +65 6250 2888. Or Dr Michael Kim MD, Dip Derm FP, GDFM, Medical Director
9 Scotts Rd, #06-02 Singapore 228210 Tel (65) 6733-2002 Fax (65) 6733-2025
visit: www.garuda-indonesia.com (click on ‘OFFERS’) E-mail: info@aeonmedical.com.sg Website: aeonmedical.com.sg
Voted Most Loved Airline in 2016
Garuda was named “The Most Loved Airline in the always provide the best service for the passengers.”
World” on 8 August 2016 based on a survey by Skytrax, an He added, “It is necessary to remember that the success
independent rating agency based in the UK. It had a high- achieved cannot be separated from the thousand hands that
score 85 percent for customer satisfaction, the best among 420 work very hard to always provide the best service as the 5-Star
airlines polled in the Skytrax survey. President Director of airlane for its customers”. The survey assessed aspect of seat
Garuda Indonesia, M. Arif Wibowo, expressed his gratitude comfort, onboard services, onboard wi-fi, and airport services
to all travellers for their appreciation and support for Garuda to aspects of the economic value of flight services. Garuda
Indonesia through the survey. He said, “The award has made Indonesia has also won Skytrax’s World Best Cabin Crew for
us proud but this is also a challenge for Garuda Indonesia to three consecutive times
Opportunity Indonesia 2016 1 9A NEW ERA
MARITIME &
AIR TRANSPORT
PRESIDENT Joko Widodo is committed to
removing the many logistics bottlenecks The 3-day 2-night programme was
officiated by the Governor of the
of the country to improve investment Riau Islands, H. Nurdin Basirun (see
and economic growth. One of the photo above) and featured boat races,
country’s boldest moves in this area is the sailing competitions and a musi-
cal concert! The official launch was
simplification of domestic and international marked by the Governor firing a flare
trade processes to make Indonesia a ‘world in the sky and horns hailed by the
maritime axis’ between the Pacific and boats.
Indian Ocean. A new ‘international cruising The visitors included potential inves-
highway’ was also launched to mark the new tors and the Governor had this mes-
freedoms that can be enjoyed by yachters sage for them, “I urge all sectors of
society, both government and private,
from around the world. to jointly build Kampung Tanjung
Dahan. And what can be done here
Maritime Tourism To mark the occassion in August there be repeated in other villages in Riau
ONE of the most visible measures was the opening ceremony of the Islands. We encourage investment
of the efforts in this area is the boost Riau International Cruising High- because of the beauty of the islands.
received in maritime tourism when way (RICH) at Tj Dahan Village, Hopefully, in the future the Riau is-
new regulations do not require Clear- Desa Karas island off Batam, where lands could be even better than Bali!”
ance Approval for Indonesia Territory the Singapore Powerboat Association
(CAIT) for yachters to enter Indone- (SPBA) and Indonesian Sail Tourism The RICH concept envisages a series
sian territories via 18 ports. Next, the Associations ASWINDO organised of commercial fish farm clusters
abolition of Cabotage Principals gives several motor yachts and sail boats integrated with eco-tourism desti-
access to foreign cruises to embark and to travel there on 17 August 2016 to nations and leisure vessel berthing
disembark foreign passangers at five commemorate the opening of RICH stopovers, stretching through the
harbours in Indonesia. together with the Indonesian 71st Riau Archipelago from Batam to
Independence Day. Jakarta. Each cluster of fish farms
would be twinned with a local village
community. The concept builds upon
the Presidential Decree by President
Joko Widodo in September 2015,
easing regulations for foreign pleasure
yachts to sail to and around Indo-
nesia’s thousands of islands to boost
marine tourism, invite more tourists,
and thereby improve the welfare of
communities especially on the more
remote islands.
(Left): Easier for yachters from around the world to
can drop anchor off the waters of Raja Ampat - one
of the world’s top best dive sites in Indonesia
2 0 Opportunity Indonesia 2016You can also read
