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Oil prices drop Up to USD83

Oil prices slumped back on the weekend trade. Just as the index of Wall Street, the cause is a case of fraud allegedly committed by Goldmand Sachs.

"In addition, several large companies also reported poor financial performance, as well as negative yag housing data," wrote the Associated Press (AP) as quoted okezone in Jakarta, Saturday (17 April 2010).

At the close of trading Friday on the New York Mercantile Exchange, oil prices (crude) fell as much as $ 2, 27 and are dilevel USD83, 24 per barrel. While the price of Brent crude oil on the ICE futures exchange fell just 1.6 U.S. cents to the position of USD85, 99 per barrel.

Meanwhile, the index index tumbled on Wall Street trading closed this weekend. Cases of fraud (fraud) who allegedly carried out Goldman Sachs and the projected financial statements of issuers snapper bad the U.S. is suspected to be the main reason.

Dow Jones index fell as much as 125.91 points, or 1.13 percent at 11018.66. Index Standard & Poor's 500 fell 19.54 points, or 1.61 percent to a level of 1192.14. Similarly, the Nasdaq composite index fell 34.43 points, or 1.37 percent to 2481.26 position.

Goldman's own shares have declined by 13 percent to $ 160, 89. This is the worst record since January 2009, which counted more than 100 million shares to investors released

2010, Garuda Cooperation contract signature Rp2 Trillion

PT Garuda Indonesia is targeting corporate sales cooperates with 750 companies or equivalent to Rp2 trillion this year.

"With this partnership, each company that builds collaboration, all family members of employees and the company will use the Garuda Indonesia flight to domestic and international routes," said President Director of Garuda Indonesia Ermisyah Satar, Thursday (15 April 2010).

In this collaborative program, companies that work together to get a good discount on a business trip or leisure travel as well as specialized services such as special corporate net fare, priority reservation, check-in city and ease of bookkeeping.

To achieve this target, Emirsyah said it plans to build cooperation with 29 state enterprises. "For the first phase, build our cooperation with PT Krakatau Steel (KS)," he explained.

In addition to building cooperation corporate sales, Garuda Indonesia will also conduct cooperation in transport ticketing system Intermoda with SOEs.

Intermoda is cooperation ticket forms canal, so that with the existence of this partnership, passengers can directly Garuda buy one ticket to travel with other vehicles and the Garuda aircraft at once.

Emirsyah target, in 2015, Garuda Indonesia will be able to do the same job with the company's marine Intermoda Indonesia (PELNI). It hopes to, cooperation with Pelni Intermoda was done especially for the eastern part of Indonesia.

However, Emirsyah admit, not easy in this Intermoda build cooperation. Section, this cooperation is necessary synergy that is strong enough, especially in terms of information technology. Given this cooperation, Emirsyah passenger growth target of 10 percent.

"Passenger our domestic average and one passenger can last five to six times a year. Mean 40 million passengers, divided only five means eight million who fly, so its potential is still huge, "he explained.

Another challenge in this program, he continued, is the problem of infrastructure. "Now that there is a solid plane at the airport. Preparing for a difficult airport was addressed, "he explained.

Japan AE to Expand Domestic Sales

PT Japan AE Power Systems Indonesia (Japan AE Power), power engineering company which is affiliated with Hitachi Ltd., targeting sales to the domestic power plant, up from 10 percent to 50 percent of total sales.

President Director of Japan AE Power Hirohiko Yatsuzuka said demand supporting machinery plant in the country this year so the company seeks to increase transfer most export sales to the domestic market.

"In the past year, our exports to reach 90 percent or approximately Rp162 billion of the total sales amounted to Rp180 billion, while sales into the country is still 10 percent. This year, we are targeting sales to the domestic portion could rise to 50 percent, "he said in Jakarta on Wednesday (14 April 2010).

General Manager of Japan AE Power Christiyono Soekamto add request engine-electric generator for power distribution switch gear in the form of a significant increase compared with 2009 as the Crash mega power plant 10 thousand megawatts (MW) Phase II.

"For us an order of PLN power plant a number of electrical equipment. In addition, we will realize an order from PT inalum (company aluminum ingots / bars) worth Rp24 billion in the form of high voltage gas circuit breaker (GCB), "he explained.

Until 2009, Japan AE Power has invested up to $ 29 million in EJIP Industrial Estate, Cikarang, Bekasi. In 2005, Hitachi Ltd. off a majority stake of 99 percent, so Japan AE Power became the majority shareholder, while one percent of shares held by Hitachi Asia Ltd. in Singapore.

The total current installed capacity reached 200 units / gas insulated switchgear (GIS) per annum with the rate of capacity utilization (utilization) of 80 percent. In the past year, the company exported electrical equipment to a number of countries such as Japan, U.S., Asean region and the Middle East and Australia.

Good for China Factory Relocation of Special Economic Zones

Head of Investment Coordinating Board (BKPM) Gita Wirjawan welcomed China's textile companies that will relocate its factory to Indonesia in a large scale.

According to him, this is good news, but this investment will be in contact with the government, not just with investors as it related to special economic zone.

"Currently, the government is designing a special economic zone (KEK) in some areas. We can not determine the area, but we must respond to this either," said Gita, in Jakarta, Wednesday (14 April 2010).

Gita said yesterday, the Indonesian government, represented by the Gita and the United States (U.S.) signatories conduct Investment Support Agreement-Overseas Private Investment Corporation (OPIC-ISA).

With the signing of this, he added, will create certainty to U.S. investors who will invest in Indonesia. "This has been discussed in the next five to six years ago, and just signed yesterday" he explained.

OPIC was established to mobilize and facilitate U.S. investment in developing countries. OPIC provides support in the form of insurance or reinsurance.

Agency will ensure U.S. companies from risks such as political turmoil or the freezing of capital exchange that has been ingrained into the exchange asing.OPIC also provide financing through loan guarantees or direct loans.

"The signing of this cooperation can further encourage direct investment or foreign direct investment (FDI) to Indonesia. Business opportunities in Indonesia is still very wide. The domestic market is so huge and the potential result of nature or a large energy is always interesting to make Indonesia an investment area "he said.

Account Separation Plan Rules

Plan capital markets in designing the new rules that separate account funds belong to the form of cash between securities companies and investors welcomed.

"This is very good, so it will not tarnish us really worked," said President Director of Asia Kapitalindo Mr Wim Alfatih when contacted, Monday (8 March 2010).

According to him, it was supposed to fund accounts and securities investors are using the system can be regulated by PT Indonesia Securities Clearing Guarantor (KPEI) and KSEI, without passing through brokerage accounts.

"So the broker only describe the information required by the customer and find information. And if the broker-owned funds is very large, it could give credit to the customer actually better, "he said.

He claimed there was no big problem, whether the rule will be created special rules or be included in the revision of existing rules. Most importantly, said Mr. Wim, the essence of these rules can be perceived by market participants.

He is also very much hope, but has issued a regulation, capital market regulators should also be diligent in order to introduce to the market the new rules that effectively minimize fraud and criminal cases in the capital market.

Chairman of Bapepam-LK Fuad Ahmad Ramany you previously said it planned to create the world's capital markets are more secure, so that some provisions and the new rules are to be published soon.

"Just wait a year to the next. Stock we have reform, so next year is far more secure, including brokers because we already have a program until mid-2011, "he said.

Value for Trade-Turkish Targeted Reach $ 3 Billion

The value of trade between Indonesia and Turkey that are targeted to reach $ 3 billion in 2011 from the current value of the newly reached USD1, 8 billion.

"Turkey wants our trade relations with them, two years from now if I could reach $ 3 billion from the current $ 1, 8 billion," said Chairman of the Permanent Committee of the Middle East Partnership, OIC, and Europe Fachri Thaib in Jakarta on Monday (8/3/2010 ).

But these targets, he said, would be difficult to achieve if the problem of dumping cases could not complete in the near future.

"The Indonesian government should be wise in dealing with this problem. If not, let alone $ 3 billion in 2011, $ 1, 8 billion would not be achieved. But if in one year is over, then, in 2011 there will be recovery of our trade with Turkey, "he explained.

Although dumping problems still exist, but Turkey, according to Fachri, still see Indonesia as a big prospect for the trade.

"At that time, the delegation they came, now, they see NAFED (National Export Development Agency), so this is a good sign, but dumping cases must be resolved, do not become barriers to trade," he stated.

Meanwhile, related to the possibility of Turkish direct investments in Indonesia, according to Fachri, in the near future is not yet there.

"They're investing a lot into Indonesia through intermediaries, such as through stock Temastek. If you want to invest, they chose to cooperate with domestic industry, for example, they become contributors to the funds or the quality control for goods to be exported to Turkey, "he explained.

Partition Selection Bapepam Investors Fund Account

Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) is designing the new rules that would separate the form of funds in cash accounts of the company's securities and investors.

Bureau of Securities Transaction and Institution Nurhaida Bapepam-LK said, rules that require the separation of the trust fund is still in the stage and still shaped pengodokan initial concept. "Besides that, also not shown in the preparation of a draft," he said in Jakarta on Monday (8/3/2010).

Therefore, it can not be sure whether the future will be new rules about the obligations of the fund account separation or limited the rule to include in the revision of existing rules.

However, according to him, trust fund separation obligations that would parallel the other provisions in the implementation of Single Identity (SID). "Now, we are not sure whether the special rules required for that," he said.

The separation of the cash account is a proposal from the Indonesian Central Securities Custodian (KSEI) to the capital market regulator. Director KSEI Ananta Wiyogo explained, it is proposed to split the investor's cash accounts and securities firms to Bapepam-LK to be followed up.

Separation of cash accounts are part of the process of formation of SID. The reason, of separation facilities account current account new form of segregation effects, in which investors could use through ownership of Reference Securities (ACCESS).

"The separation of this cash account to secure funds from all risks of investors," he said. Because considered very important to secure the funds in the stock market investors, he hoped, the new rules can be published this year.

The Importance of Transparency in the Oil and Gas Industry Sector

Senior Consultant Revenue Watch Institute Sefton Darby said the importance of transparency in the extractive industries financial flows, such as oil and gas industry (oil), and mining.

"There needs to be transparency in funding from companies to state, local governments, and the public to avoid recriminations," Darby said during a public discussion Transparency of Oil and Gas Model Building in the Local Level, at the Harris Hotel, Jakarta, Monday (8/3/2010 ).

She told me, in some countries that are not transparent that he never visited, the people in a number of countries accused each other where the flow of funds come and go. "Therefore, transparency is here to stop the rumors that resulted in the state becomes unstable," he said.

She is also working for the extractive industries transparency initiative (EITI) International says, a country dependent on oil, gas, and mining, more attention need to ensure that payments by oil and mining companies to the state or local governments are reported in a transparent, credible, and easy to understand.

"Without transparency, it is very difficult to ensure that the wealth produced by the extractive industries to be sustainable development," he explained.

Transparency is thought to be done from small parties and from the smallest things. "If the small parties will not participate (transparent), then the parties to such BP Migas, I think they will not want transparent, too," said Darby.

Oil and gas exploration projects in the District and Bojonegoro Blora, East Java, for example. According to Darby, the project in both regions is extremely interesting and challenging.

The big challenge in Block Cepu, Blora regency, East Java, in comparison with other exploration projects, she continued, is because in this Cepu Block oil volume which is large enough, but only for a short time.

"For that, it becomes a challenge also for central government and local governments to spend funds or revenues from the oil," he said.

She told me, during the many oil-producing countries are bankrupt and indebted to the banks of the world because they can not spend the funds or income from the oil and gas well.

Therefore, she suggested that local governments and citizens are able to plan properly the use of oil funds are to build physical and social infrastructure that will endure long-lasting Cepu oil exceeded.

Back Darby warned, the role of BP Migas is very important here. "Of course transparency at the local level will not occur if there is no transparency at the national level," he said.

On the same occasion, Deputy Minister of Oil and Gas Ministry of Economic Coordinating M. Husen said the government is processing a presidential decree (decree) on the transparency of revenues and revenues from extractive industries.

"Still in the process of finalization, just waiting for the ratification or signature of some relevant ministers and presidents," said Husen.

Foreign Investors Have Only Century 15.2 Million Shares

The number of foreign investors who have a stake in PT Bank Pearl Tbk (formerly Bank Century) as of February 2010 reached just 76 investors or 15.283 billion shares. The investors are comprised of 34 individual investors and corporate investors 42.

As stated Director of PT Indonesia Sharestar Soeroto, in his report on information disclosure Indonesia Stock Exchange (IDX), Monday (8/3/2010), the data is based on the standard trading unit of February 28, 2010.

Shares of foreign investors reached 432 individual investors, equivalent to 96.066 million (0.50 percent), and 771 public limited companies investor or equal to the amount effect is reached 10.467 billion (53.95 percent).

In addition, ownership of national investors trade based on unit standards mancapai 2895 the number of investors. Which consists of 2759 individual investors, equivalent to 2.742 billion shares, a foundation investor 15 billion, equivalent to 581.037 shares.

Meanwhile, two pension fund investors, equivalent to 252,841 shares, insurance with a number of investors reached 11 investors or equal 282,300 shares, corporate investors 106 investors, equivalent to 10.323 million shares, and other institutions of Deposit (LPS) has 676.236 billion shares or equal to 99.996 percent.

Just to remind, LPS had asserted that the Bank Century is now renamed the Pearl Bank remain status as a national private banks. LPS currently over ownership of the Pearl Bank 99.96 per cent and 0.04 per cent stake held by the owner of the old public and non-public.

Holcim Indonesia will soon Changing Composition of Commissioners

Cement company PT Holcim Indonesia Tbk (SMCB) komisarisnya changes in the general meeting of shareholders did on this day.

Mr. Tom Clough has resigned from the board of directors, as well as Mr. Juntoro Mangunsoebroto. On that occasion, the company also made the turn 3 commissioner.

Furthermore, Mr. Arief T Surowidjojo promoted from deputy commissioner of the new commissioner. He was previously a senior partner at the law firm Lubis, Ganie, and Surowidjojo.

Then Dad Rozik Soetjipto Boediono who is commissioner of Freeport Indonesia, Inco Indonesia and Bayan had previously also served as minister of public employment. Furthermore, there was Mr. John D Rachmat, who is the Assistant Director of ABN Amro Asia Securities is also a new independent commissioner.

Thus, the new structure the board to be as follows, President Commissioner Paul Hugentobler, Vice President Commissioner Arief T Surowidjojo, Madan Lal Narula Commissioner Renee Zecha Commissioner, Independent Commissioner Stambul Kemal A, B Rizik Independent Commissioner and Independent Commissioner Soetjipto John D Rachmat.

Economic Growth thoughts Dare Not Modified

The government so far has not dared to change the assumptions of economic growth quarter this year because I can not predict the encouragement of the country.

"We will still use the same assumptions, growth and global trade, but the internal drive in the sector we can not predict. Additional How% deficit could push the aggregate demand," explains Head of the Fiscal Policy Board Mr. Anggito Abimanyu, when found in the Office of Coordinating Minister for Economic Affairs , Monday (8 March 2010).

Regarding the potential increase in I quarter economic growth above 5%, he will conduct monitoring according to the information during the 2 months back to make sure the projected economic growth this quarter I.

"Tomorrow Wednesday we will do the monitoring, we see the January-February anatara what perekonominya conditions. So we can with certainty determine the forecast I quarter 2010," he added.

According to him, with the additional expenditure could not encourage increased economic growth due to the allocation of these expenditures is also used to price stability.

"So there's potential for economic growth but not significant infrastructure. To keep prices stable," he said.

For Legalized, dní Rules will be examined

The draft revision of the rules of Negative Investment List (dni) requires one more step for approval by President Susilo Bambang Yudhoyono (SBY).

"It's not a problem, just stay the final draft to be sent to the President," said Coordinating Minister Hatta Rajasa Dad in his office, Monday (8 March 2010).

Meanwhile, the Head of Investment Coordinating Board (BKPM) Mr. Gita Wiryawan said that his party had submitted a draft revision to the Coordinating Minister for Economic dní today. "Recently we entered into Coordinating office," he said.

Explained, the rule will be applied dní to open a company that has foreign shareholders. "in control imposed dni, dni it is a technical approach. So the technical department will limit in this sector," he explained.

Then the associated problems of telecommunication towers which also share ownership should be more emphasized, Mr. Gita says it is still in the process of talks. "For these towers, there are ministers and there were no penyikapan, dní for other purposes already," he said.

About it, Mr Hatta said that until now technically relevant minister (minister) is still trying to retain ownership of its shares to the domestic sphere.

Previously, tela penuntaskan reported that the latest draft dní this March. With the revision, it is expected that sector has not found a consensus among health, education, creative industries, courier services, telecommunications towers, and agriculture.

Agricultural tractor needs projected to increase 15%

The need for agricultural tractors heavy equipment is projected to increase by 15% in 2010 due to the increasing number of requests for agricultural production and intensification ekstentifikasi.

The need for a number of agricultural tractors, according to Director of the Ministry of Industry Machinery Industry (Kemenperin) Mr. Chanty Triharso is some 200 thousand units per year. The addition of this requirement is likely to be supplied from the import.

"This is because the production of tractors in the country only could only reach 120 thousand units per year. Utilization of our registration is only 60-70 per cent per year has not reached maximum capacity. In addition, too many people who prefer imported products," said Mr. Chanty , Monday (8 March 2010).

As for the year 2010, the number of domestic products will be able to compete with China. "The product we are of the same quality can compete with China, but China sends a lot of products with low price, so that we can compete," he said.

In order to enhance product competitiveness with China, Mr. Chanty said, his side to provide guidance and training to producers in the domestic machinery industry.

"From the results of an existing building that could produce a tractor with a good capacity in Tegal, now they've got contracts to African exports, usually under the guidance we received help facilitate testing of international standards. Have passed all, no special incentives, "he said.

Regional Give intake to JCI

Composite stock price index (JCI) at the close of trading earlier this week, stay in the safe zone and the more brilliant in the 2600 level. Positive sentiment was also seen coming from several regional exchanges as well as similar moves movement leading stocks that have succeeded in giving vitamins for stock index until this afternoon.

Stock index data at the close of trading Monday (8 March 2010) has observed afternoon sharply 47.679 points or 1.85% equal to the level of 2626.451. Meanwhile LQ45 index has risen to the position of 10.779 points to 513.027 and the Jakarta Islamic Index (JII) rose 10.728 points to 427.184 position.

Stock trading volume was recorded at 4.848 billion shares worth Rp3, 450 trillion, with total transactions reached 85,987. Shares have gained 144 cap stocks, and 43 weaker stocks, 81 stocks stagnate.

Shares that have been closed lower or top loser, such as PT Gudang Garam Tbk (GGRM) down Rp500 to Rp26.500, PT Tri Polyta Indonesia Tbk (TPIA) down Rp175 to Rp2.675, PT National Pension Savings Bank Tbk (BTPN) weakened Rp100 be Rp6.500, and PT Indah Kiat Pulp & Paper Tbk (INKP) fell Rp25 be Rp2.175.

Shares that have been close higher or top Gainer, among others, PT Astra International Tbk (ASII) Rp2.200 up to Rp39.900, PT Astra Agro Lestari Tbk (AALI) rose Rp700 to Rp24.400 position, and PT Sarana Tower Nusantara Tbk (TOWR) rose Rp520 to Rp1.570.

Rules regulation Revenue Transparency Will Immediately Designed

The government has built the draft rules of the President (regulation) of the transparency of state and local revenue that would be obtained from the extractive industries.

"Still in the process of completion, just waiting for the signing of several Ministers and the president," said Deputy Oil and Gas Economic Coordinating Ministry for Mr M Husen, while public discussion transparency Model Building in Local Level Oil and Gas, Jakarta, Monday (8 March 2010 ).

Mr. Husen explained extractive industries referred to in this regulation is the oil and gas and mining industries. In this regulation has also set about the formation of the extractive industries transparency transparency to the management of state and local revenues.

"The team is comprised of transparency directing team and administration team. Where the directing team will be headed by Coordinating Minister for Economic Affairs," said Mr. Husen.

Besides that, in this regulation have also been arranged on the oil and gas financing. Financing, continued Mr. Husen, can be obtained from the budget revenue and expenditure (budget) as well as other budget. "Cost can be obtained from the state budget, may also from other sources," he said.

Mr. Husen also said that after the regulation is passed will be given 3 months for non-governmental organizations (NGOs) who will be members of the executive team.

Cow self-sufficiency, RI To Australia Soon Investment

Coordinating Minister Hatta Rajasa will soon explore cooperation with related Australian cattle during his visit with President Susilo Bambang Yudhoyono today. Cooperation is related to the government's plan to achieve self-sufficiency in beef.

"Related to self-sufficiency in beef, we want the Australian who can invest in Indonesia. We really want a self-sufficiency in beef," he said, in his office Jalan Lapangan Banteng, Monday (8 March 2010).

To achieve this it will be discussed cooperation in the form of technology and nurseries.

Besides that, the visit will be discussed also the possibilities of cooperation in the forestry sector where Australia will withdraw funds around AUD30 million for forestry as well as cooperation in trade, food, agriculture, and education.

"Anything else, in the field of education, would need no additional scholarship in us," he added.

President SBY along with a number of ministers will make a visit to Australia today and will continue to Papua New Guinea.

Rupiah has risen to Rp9.100

Rupiah ended trading today with a strong position on the level of each Rp9.100 USD. Reinforcement can not be separated from the positive movement of regional currencies such as the Singapore dollar (SGD) and the Korean won (KRW).

Other support comes from the strengthening of the currency return EUR / USD Friday night, a result of the risk appetite continues to rise marked by positive Wall Street.

The rupiah exchange rate based on data obtained from trade yahoofinance on Monday (8 March 2010) to a level close higher Rp9.175 per USD, compared to trading this morning at the level of each CAD Rp9.205. Meanwhile, according to Bank Indonesia (BI), closed at the level of each CAD Rp9.200.

Meanwhile, according to data from the bulletin Valbury Securities, risk-appetite of global investors has again increased since the emergence of the prospects for improvement are optimistic the U.S. economy (the U.S.) and has meredanya deficit issue in Greece.

Wall Street goes through the strengthening of the average 1.5% last Friday, covering measures to strengthen its loss this year. Even the Nasdaq has been able to penetrate the high-level this year to 8 months newhigh during 2327.03.

This release is triggered by the improvement in nonfarm payroll data and U.S. consumer credit that reinforces the interests of investors of the assets at risk, such as stocks and assets? High-yield assets, such as the eyes of the money was a yield (interest rate) is higher, including commodities.

Global sentiment has also improved after European officials believe that the new plan from the Greek (for austerity measures) will be very useful to push the deficit, so do not need to do some bailout.

Finally, Nike and Adidas to expand RI $ 130 Million

Two shoe manufacturers Nike and Adidas in Indonesia will expand in 2010. Estimated investment value of $ 130 million.

"The addition of production capacity in akann given seven shoe manufacturers Nike and Adidas shoes three factories. They do not add a new factory, but the existing plant capacity will be enlarged," said Chairman of Indonesia Persepatuan Association (Aprisindo) Mr. Eddy Widjanarko, Monday (8 March 2010).

Addition shoe production in Indonesia, continued Mr. Eddy, due to the high number of requests from Nike Inc. and Adidas Group. According to Mr. Eddy, Nike and Adidas will target a number of production increase as much as 10 percent in 2010. Thus, through these two companies, the increase in domestic shoe production will reach 20 percent.

Mr. Eddy explained, seven factories Nike has produced as many as 3 million pairs of shoes per month, or approximately 36 million pairs per year. With the goal of this production increase, the production will reach nearly 40 million pairs per year.

Five in a Nike factory, PT Nikomas Gemilang, PT Adis Dimension Footwear, PT KMK Global Sports, PT Nagasakti Parama Shoes, and PT Pratama Abadi.

While Adidas has three factories to produce as many as 1 million pairs of shoes per month or 12 million pairs per year. With a 10% increase in the target, then the total production this year will reach 13.2 million pairs of shoes. Assuming the price for a pair of sneakers is estimated to range from $ 25.

Previously, Government and Public Affairs Mrs. Dian Widyanarti Nike denied this fact. "I'm not sure when Nike will expand in Indonesia," said Dian.

The Australian Entrepreneur Entrepreneur-Energy Develops Interested in Indonesia

Australian businessmen are interested to participate in energy development in Indonesia. Some Australian companies have submitted interest in the development of Geothermal Power Plant.

This was stated by representatives of Australian businessmen at Renewable Energy Forum held in Queensland, Australia, quoted from the official site Ministry of Energy and Mineral Resources, Sunday (7 March 2010).

In a forum that brings the Indonesian delegation to the Australian private sector engaged in the energy sector, the Indonesian delegation led by Minister of Energy and Mineral Resources Saleh Zahedy Darwin, and was accompanied by Director General of Oil and Gas, DG Minerbapabum, Dirtekling Minerbapabum, Special Staff Officials, Representative Director General LPE, President Director of Pertamina, as well as mining entrepreneurs, businessmen CBM, and other private belonging to the Indonesian Chamber of Commerce.

Some Australian companies are interested is the Integrated Renewable Energy Solutions, Pulse Energy, Thiess and SKM to convey that they have sufficient experience in the development of infrastructure such as geothermal energy, solar, algae, and micro hydro energy.

In particular, the Australian businessman also told about his desire to develop biomass for power generation.

Minister of Energy and Mineral Resources also opined, the current regulation is very much to give incentives for energy development company in Indonesia, with conditions still need to involve local parties, especially for constructing the small capacity under 10 MW.

Sendiripun Indonesia has had a system of feed-in-tariff and currently drafting a draft government regulation on Renewable Energy in order to encourage the implementation level, either commercially or in programs to increase access of modern energy to the community.