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October 2013Vol. 2 No. 10

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INTENATIONAL

APEC Leaders Agree on Bali Declaration for Economic Growth – Page A3

BUSINESS

Indonesia, South Korea Hold Business Meeting– Page B1

SPECIAL REPORT

A Portrait of CEOs of State-owned Enterprises– Page C1

DINO PATTI DJALAL

The Next President Should Be President of 600 Million Citizens

According to Ambas-sador Dino, ASEAN countries are ex-pecting Indonesia to be an anchor to

determine the direction of ASE-AN. Therefore, Indonesia’s next president must also able to lead the people of ASEAN countries. In fact, Jakarta as the capital of Indonesia has been dubbed “The Capital City of ASEAN”.

Dino delivered his thoughts at an event entitled “One Hour with Dino Patti Djalal” in Jakar-ta (18/9).

At the event, Dino, who is par-ticipating in the Democratic Par-ty presidential convention, also delivered six essential points for Indonesia to be excellent in the 21st century.

First, superior nationalism. According to Dino, the entire people of Indonesia love their country and possess national-ism.

“The best way to show our

dedication is by giving the con-cept of developing Indonesia. In-donesia is spirit-loaded but poor in concept,” he said.

Second, supreme internation-alism. Dino believes that Indone-sia’s wealth lies not only in nat-ural resources but also in its human resources (HR).

“We must see the world not as a threat but as sources and op-portunities,” he said.

He added that a nation which could embrace and reach the world would be a winner.

“Most importantly, we have to stay away from anti-foreign at-titude. This attitude could be a hindrance for Indonesia to ex-cel,” said Dino, who was born in Belgrade, Yugoslavia, 10 Sep-tember 1965.

Third, meritocracy. Dino ex-plained that meritocracy is a system that refers to the ability of an individual. He hopes this system can be a major agenda for the next 5-10 years.

“We should be able to create a system that is not elitist,” he said.

TPP/Heros Barasakti

Indonesian Ambassador to the United States Dino Patti Djalal said that whoever becomes President of Indonesia in 2014 should be able to be a president for 600 million citizens of ASEAN countries.

At an event entitled “One Hour with Dino Patti Djalal” in Jakarta (18/9), Dino, who is participating in the Democratic Party presidential convention, also delivered six essential points for Indonesia to be excellent in the 21st century.

According to him, democracy and meritocracy should be hand in hand in the 2014 elections. “The challenge for 2014 is that this nation must able to choose leaders without primordial con-sideration,” he said.

Fourth, smart regulations. Dino said the fate of this nation can be changed by good regula-tions because hundreds of ex-isting regulations are currently clogging productivity of Indone-sia. However, he admits there are

also good and proper regula-tions.

“When we want to assure the supremacy of Indonesia, look at the regulations first. Never un-derestimate regulations,” he said.

Fifth, education and inno-vation. Dino stated that histo-ry proves that education and innovation can make a state su-perior. “The President of 2014 shall be the president of educa-tion and innovation. We need to

look at the education system,” he said.

Sixth, leadership, which Dino says is the key to realizing the excellence of Indonesia.

“I want to see young men who are still idealistic, developed, re-formed, and dare to take risks,” he said.

Ambassador Dino conclud-ed that “Indonesia in 1945 was a nation of revolutionaries’ who became the center of the move-ment. Now, in the 21st century, Indonesia will become a nation of leaders, entrepreneurs, inno-vators and champions.”

Indonesia in 1945 was a nation of revolutionaries’ who became the center of the movement. Now, in the 21st century, Indonesia will become a nation of leaders, entrepreneurs, innovators and champions.”

Jababeka to Build Industrial Estate, Port Supporting Facilities in Bengkulu

With over 24 years of experi-ence as a pioneer in the manage-ment of industrial area, PT Ja-babeka Tbk in cooperation with PT Pelindo II (Indonesia Port Cor-poration) signed an MoU on land management owned by Pelindo II in Bengkulu.

The MoU signing was held on Tuesday (10/9) at Pelindo II of-fice, Tanjung Priok, North Ja-karta. The MoU was signed by SD Darmono, President Direc-tor of Jababeka, and Richard J. Lino, President Director of Pelin-do II.

Lino said that the feasibility study will be conducted by Ja-babeka on whether it will still be used as an industrial area or be prepared to be a SEZ (special economic zone).

“Obviously, the use of the land will strengthen the functions of Bengkulu port,” he said.

The land is located in the port area of Baai Island with an area of 1,000 hectares.

SD Darmono said that the business mechanism with Pelin-do II is a business-to-business relationship. According to him, to begin the construction of the region, his company will build an industrial area and port sup-porting facilities.

At the same time, a business unit of Jababeka, PT Cikarang Inland Port (CIP), which is fo-cused and engaged in the oper-

to buy land to accommodate container capacities which in-crease 50% every year. The op-erational of Cikarang Dry Port is only 10% now.”

President Director of Jababe-ka SD Darmono said the coop-eration schemes undertaken by Pelindo II will still be assessed ahead of providing the leasing option of Cikarang Dry Port.

“We are optimistic as CDP

ation of integrated port servic-es in Cikarang Dry Port (CDP), also formed a partnership with Pelindo II. The MoU was signed by President Director of CIP Hadi Raharja and President Director of Pelindo II Richard J. Lino.

In this cooperation CDP will be used as the extension of Tan-jung Priok Port. CDP has cus-toms services and other port fa-cilities. The optimization of CDP

is expected to be improved with this cooperation.

According to Lino, the use of CDP, which has a capacity of up to 2 million TEU’s per year, is ex-pected to reduce congestion and the duration of loading and un-loading process at Tanjung Priok Port, which is due to limited land in Tanjung Priok.

Lino added, “Pelindo II might eventually rent Cikarang Dry Port. So, Pelindo does not have

is highly qualified to create a smooth flow of goods needed by industries as well as service us-ers of Tanjung Priok Port,” he said.

Behind the excellent service under one roof of CDP, Jababe-ka has to disburse over Rp 500 billion to build it in several stag-es. Of the total area of 200 hect-ares owned by CDP, 70 hectares were built for a port and a ter-minal while 130 hectares were built for a logistics park. CDP has built and operates 20 hect-ares with an installed capacity about 400,000 TEUs/year that can be increased to 2,000,000 TEUs/year.

lihat videonya di:www.thepresidenttv.com

The signing of MoU by President Director of Jababeka SD Darmono (center) and President Director of Pelindo II Richard J. Lino (right) witnessed by Vice President of Jababeka BudiantoLiman (left).

TPP/Heros Barasakti

Quotes and ThoughtsSD Darmono, President Director of PT JababekaTbk

The capital city of Indonesia should be moved as soon as possible. We don’t have to build a new city, we could

utilize an existing one, for example Yogyakarta. Besides

its similar construction to Jakarta, Yogyakarta was also the temporary capital city of Indonesia at the time of Sukarno in 1949.

At the same time, a business unit of Jababeka, PT Cikarang Inland Port (CIP), which is focused and engaged in the operation of integrated port services in Cikarang Dry Port (CDP), also formed a partnership with Pelindo II.

Dahlan Iskan, Minister of SOEs

Moving the capital city is a good idea. Malaysia and Brazil are examples of success countries that

moved their capital cities. But the plan should be reviewed carefully. Experts should be involved to decide on the new capital city.

Ciputra, President Commissioner ofCiputra Business Group

It is not necessary to move the capital city right now. The solution is to improve its urban planning and

reduce floods and the traffic jam in Jakarta. So, one day if we should want to move the capital city anyway, we will leave Jakarta in good shape.

Emirsyah SatarPresident Director of PT Garuda Indonesia Tbk.

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Opinionwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

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ENGLISH EDITION

The President PostT H E S P I R I T O F I N D O N E S I A

In the course of time such as with the end of the Cold War and now with the revival

of China, neo-realism became an ideology which recommends

every country to form an alliance with countries considered able to protect them.

In Indonesia’s context, several government elites, academicians

and think tanks recommended

Indonesia to seek protection from and

to support the United States.

The Effect of Neo-Realism Ideology and Indonesia’s Position

because the dynamic equilibri-um principle offers a forum for egalitarian interaction between countries.

Now regional and multilater-al forums have been intensified and every country seemed to be more interdependent rather than forming dependency such as be-tween underdeveloped-develop-ing countries (weak) and devel-oped (strong) countries. In the

In the course of time such as with the end of the Cold War and now with the revival of Chi-na, neo-realism became an ide-ology which recommends every country to form an alliance with countries considered able to pro-tect them. In Indonesia’s context, several government elites, acade-micians and think tanks recom-mended Indonesia to seek pro-tection from and to support the United States.

An American neo-realist, John Mearsheimer (2010), pre-dicted that the United States will become the regional po-lice in Asia Pacific and that it would get support from Indo-nesia, South Korea and Japan. Such a prediction was already becoming evident as 60% of the United States’ power are already concentrated in Asia-Pacific and served as the police to deal with political ‘criminals’ such as Chi-na and North Korea.

Indonesia’s Position The hegemonic transition be-

tween 2025 and 2045 are just an assumption made by neo-realists that should be ignored. We need to be careful and criti-cal about Indonesia’s foreign pol-icy that had been infiltrated by the neo-realism ideology such as forming closer ties and an alli-

By Musa Maliki

ance with the United States.The public should be critical to

prevent Indonesia’s foreign policy from deviating and to side only with one major power in Asia-Pa-cific, especially with the United States. The government must re-main consistent in implementing the dynamic equilibrium policy, especially in the Asia-Pacific re-gion. Such a stance will prevent any major war in Asia-Pacific

regional level, for instance, there are ASEAN, ASEAN Regional Fo-rum, ASEAN+1, ASEAN+3, and the European Union. In the mul-tilateral level there are Asia-Eu-rope Meeting (ASEM), Asia Pacif-ic Forum, and the World Trade Organization (WTO) and oth-ers. These forums will offer more international communications rather than create suspicions among countries that would only result in an open conflict and military showdown (weapons) that would lead to a big war.

The global politics is showing a transition from the power re-lations political community (he-gemony) to cosmopolitan ethics (cooperative and opened dialog). All sorts of international poli-cies will be discussed more often and then turned into blueprints (roadmaps). Therefore, the Indo-nesian people should support the cooperation optimism in the regional and multilateral levels to prevent any major war from breaking out. In the best inter-ests of the country, the govern-ment needs to provide facilities so that social activities and the economy can run positively and constructively.

The writer is lecturer at Uni-versity of Al Azhar Jakarta and Paramadina University

Some members of the elites in the govern-ment and academics are aggressively pro-moting security, glob-

al strategy and military issues. On top of that, Indonesia has also been pushed to side with the world’s biggest political pow-er, the United States. The con-sequences that Indonesia has to take if it resorted to such a policy are that our free and ac-tive foreign policy will have to be switched to survival politics when dealing with global secu-rity threats. Such logic is called neo-realism.

Initially, neo-realism was a dominant theory applied in in-ternational relations studies in almost every country in the world (Waltz, 1979). However, when the theory was deemed as the mainstream in how to per-ceive the global political reali-ty, the neo-realism theory was turned into an ideology without any dispute. It was this ideology that made all countries compete to survive by improving their military strength and for coun-tries deemed to be weak to form an alliance with stronger coun-tries.

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The global politics is showing a transition from the power relations political community (hegemony) to cosmopolitan ethics (cooperative and opened dialog). All sorts of international policies will be discussed more often and then turned into blueprints (roadmaps). Therefore, the Indonesian people should support the cooperation optimism in the regional and multilateral levels to prevent any major war from breaking out

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Internationalwww.thepresidentpost.com October 2013 Vol. 2 No. 10

US Deputy Assistant Secre-tary of Commerce for Asia Hol-ly Vineyard and Deputy Minis-ter for International Cooperation of the Coordinating Ministry of Economic Affairs witnessed the signing of a cooperation agree-ment between Pertamina and Honeywell Universal Oil Product (UOP) LLC on a Feasibility Study on the Revamp of Pertamina Re-finery Units on Monday, 6 Octo-ber.

This study is partially fi-nanced by a US one million dol-lar grant from the US Trade De-velopment Agency.

Deputy Minister for Interna-tional Cooperation Dr. Rizal Luk-man said the feasibility study was an example of the partner-ship welcomed by both govern-ments.

“Pertamina, our national oil company, is playing a critical role to support government pol-icies and programs in energy business operations,” he said.

Both governments, the Depu-ty Minister said, “recognized and were fully behind the facilitating role of the governments through the US-Indonesia Commercial Dialogue process in further pro-moting closer B2B collaboration between the private sectors of our two countries”.

Rizal pointed out that much attention has been given to Per-tamina’s upstream activities, but it is also equally important that Pertamina has in place a program to optimize its resourc-es in downstream refining activ-ities to produce high quality and competitive goods and services.

“The initiative such as re-vamping, upgrading and opti-mization of Pertamina’s existing refinery units is also one of the

company’s strategic tasks to ad-dress the nation’s energy needs”.

According to the Deputy Min-ister, the feasibility study is time-ly and relevant. It will address, amongst others, environmental-ly friendly fuel with Euro 4 spec-ification, increase productivi-ty of added value products such as petrochemicals, increase net margin of all refinery units through bottom upgrading proj-ects, and increase refinery units’ operational flexibility to process alternative sour crudes.

“The outcome from this study will be a blueprint to guide Per-tamina towards its goal of build-ing a world class downstream business and contribute to Per-tamina’s aim to evolve into a world class integrated energy company to serve our national needs and the company’s expan-sion to global energy market”.

The cooperation on feasibil-ity study was signed by Presi-dent and CEO of PT Pertamina (Persero) Karen Agustiawan and President and CEO of UOP LLC Rajeev Gautam. Representatives from the US and the Indonesian Government, US Embassy offi-cers in Jakarta and Senior Man-agement and officials from Per-tamina and Honeywell UOP LLC attended the Signing Ceremony.

Indonesia, US to Develop Pertamina Downstream Development Program

APEC Business Adviso-ry Council (ABAC) deliv-ered recommendations to the APEC Leaders, one of which is to accelerate lib-eralization of trade and in-vestment. This recommen-dation also encompasses ABAC’s hopes of a more ac-tive role played by APEC to ensure the success of the WTO MC9, which will be held in December 2013.

“The ABAC members were clear in their message that APEC cooperate more closely so that the WTO MC9 in Bali can deliver a Trade Facilitation Agree-ment that can boost trade in the APEC region and the world as well as making trade be more inexpensive, quicker, and more conve-nient,” said Trade Minister Gita Wirjawan.

Besides expressing sup-port for the success of the WTO MC9, ABAC also de-livered the advancements of the cooperation proposed and implemented under the theme Toward Resilience and Growth: Reshaping Pri-orities for Global Economy.

The five other recommen-dations that were also deliv-ered by ABAC to the APEC Leaders were (1) promoting regulation coherence; (2) strengthening supply chain connectivity; (3) strengthen-ing food and energy securi-ty; (4) promoting investment in infrastructure; (5) accel-erating Small, Medium, and Micro Enterprise (SMME) building and involvement of women in the economy.

During the retreat, APEC Economic Leaders dis-cussed the relevance of APEC in the midst of the current global economic sit-

uation as well as APEC’s sup-port of a multilateral trading system. The Leaders agree that APEC Cooperation needs to be expanded and deepened to have more resilience in facing an eco-nomic crisis.

Sustainable growth and con-nectivity cooperation is men-tioned by a number of leaders to be the key to APEC’s success in the future. Moreover, the leaders of APEC also welcome advance-ments in the cooperative agenda such as in services, trade fund-ing, global competitiveness of SMMEs, capacity of farmers in realizing global food security, fi-nancial inclusion, renewable en-ergy, connectivity, disaster re-sponse facilitation, cooperation in education, and travel facilita-tion initiative.

ABAC Urges APEC Leaders to Solidify Cooperation and Multilateral Trading System

The Bali Package is the final docu-ment that culmi-nates more than 180 meetings dur-

ing Indonesia’s chairmanship in APEC. This package con-tains several documents, name-ly: a Declaration of up to 8 pages (26 points) and two attachments, namely “APEC Framework on Connectivity” and “Multi-Year Plan on Infrastructure Develop-ment and Investment.”

Declaration of the Economic

APEC Leaders Agree on Bali Declaration for Economic Growth

Leaders contains records of suc-cesses that have been achieved since APEC Bogor 1994. It said that APEC economies have managed to eradicate hundreds of people in Asia-Pacific from the yoke of poverty and build an open, strong and innovative economy, which is now the driv-ing force of growth. Everything has been accomplished through a series of policies formulated very carefully and responsibly.

Given the success and devel-opment of the global economy, the APEC leaders are commit-ted to avoiding protectionist at-titudes and measures that dis-tort trade. “We will continue our commitment to strengthen and deepen regional economic inte-gration and eliminate barriers to trade and investment in the re-gion,” the APEC leaders wrote.

The declaration also specifies the steps to be performed, which are further divided into three pillars: Supporting Multilater-al Trading System and Attain-ing the Bogor Goals, Promoting Connectivity, and Sustainable Growth with Equity. The main pillars of APEC confirm support for the efforts to establish a glob-al trade regime under the WTO. Specifically for this support, the

leaders even issued a special document supporting the Mul-tilateral Trading System and the 9th Ministerial Conference of the WTO. The leaders also re-affirmed its determination to achieve all Bogor Goals in 2020.

In the second pillar, the lead-ers realize the importance of the flow of goods, services, cap-ital and people efficiently in the APEC economies. To that end, there will be an increase in phys-ical connectivity, institution-al and societal (people to people contact). Comprehensive connec-tivity is expected to be achieved through “APEC Framework on Connectivity”, In relation to peo-ple-to-people contact, it targets student exchange among APEC countries as many as 1 million people per year by 2020.

Physical connectivity will ap-ply “Multi-Year Plan on Infra-structure Development and In-vestment”.

The third pillar contains a se-ries of strategies to achieve sus-tainable and equitable growth. In particular, this section high-lights the importance of strength-ening the role of women in eco-nomic activities, encouraging the involvement of SMEs, trade finance facilitation, encouraging

critical role of farmers and fish-ermen, as well as strengthening cooperation across law enforce-ment apparatus and education areas. In this regard, the APEC leaders have agreed to the estab-lishment of Anti-Corruption Au-thorities and Law Enforcement Agencies (ACT-NET), which was

proposed by Indonesia.At the closing, the APEC

leaders hope that future devel-opments will increase the syn-ergy between government and the private sector (ABAC). It is also believed that APEC will continue to lead the world eco-nomic recovery.

Indonesia has successfully held the Asia Pacific Economic Cooperation (APEC) in Bali, 7-8 October 2013. The APEC leaders’ have made the “Bali Declaration: Resilient Asia-Pacific, Engines of Global Growth”. To make people remember it more easily, this document is simply called “Bali Package”.

Dihadiri para pemimpin APEC, Presiden SBY menyampaikan keterangan hasil-hasil KTT ke-21 APEC, sekaligus penutupan, di Hotel Sofitel, Nusa Dua, Bali, Selasa (8/10) siang.

presidenri.go.id/Laily

The outcome from this study will be a blueprint

to guide Pertamina towards its goal of

building a world class downstream business

and contribute to Pertamina’s aim to evolve into a world

class integrated energy company to serve our national needs and the

company’s expansion to global energy market”.

The ABAC members were clear in their message that APEC cooperate more closely so that the WTO MC9 in Bali can deliver a Trade Facilitation Agreement that can boost trade in the APEC region and the world as well as making trade be more inexpensive, quicker, and more convenient.”

Trade Minister Gita Wirjawan

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ASEAN Reviewwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

Myanmar Gets Full Supportto Chair ASEAN

mant that Myanmar’s reform-ist government headed by Pres-ident U Thein Sein would give able leadership to the regional bloc when it takes over the ASE-AN chairmanship.

Myanmar will officially be-gin its duties on Jan. 1, 2014. “Myanmar has been receiving

very strong support from the member states and partners and we are confident they will be able to undertake their chairman-ship effectively,” Le said.

Officials of member states have also been encouraging en-gagement rather than sidelining the country, which has partial-

ly opened up its economy and re-formed its politics.

Meanwhile, Foreign Minis-ter Marty Natalegawa said ASE-AN expects Myanmar to be “con-sistent to the ideals that ASEAN aspires to in the areas of good governance and human rights” during its chairmanship. “It

can become a huge momentum builder for the continued, con-stant reform in Myanmar,” he continued.

Philippine presidential spokes-man Ramon Carandang ac-knowledged that Myanmar still has a lot of reforms to imple-ment, but added, “We also need to recognize the dramatic chang-es that have taken place in that country.”

“The best thing that the inter-national community can do at this point is to encourage them to continue to move in this di-rection, so we support Myanmar taking over as chair,” he said.

UN Secretary General Ban Ki-moon welcomed Myanmar’s new role, but said he was concerned about ongoing communal vio-lence. “I urge the government and all communities to address all contributing factors. The re-form process in Myanmar can only succeed fully if all groups in the country feel safe,” he said.

Meanwhile Phil Robertson, deputy Asia director for the New York-based Human Rights Watch, said, “for many years, people have resisted allowing Burma to chair ASEAN simply because there was a feeling that the human rights record of Bur-ma was so bad.”

“Now that the decision has been taken to move to allow for Burma to become the ASEAN chair, those human rights issues are still there,” he said, referring to Myanmar by its former name.

“These are things that mem-ber states should be taking up with Burma.”

Myanmar Pres-ident Thein Sein said the c h a i r m a n -ship of the 10-

country bloc was an honour for his country, and is ready to host meetings next year.

“At a time when our citizens and the entire world are watch-ing closely … it is extremely cru-cial for us to show unity in ful-filling our common objectives,” he said.

“Our unity and solidarity have endured the test of time, and we must continue to maintain and preserve this noble tradition.”

Myanmar opted to forego the ASEAN chairmanship in 2006, when its then-ruling military junta was under pressure to car-ry out democratic reforms. Only when Myanmar began a series of political and economic re-forms in 2011 did ASEAN lead-ers decide to allow Myanmar a chance to chair the association in 2014.

The theme chosen for ASE-AN next year is “Moving forward in unity towards a peaceful and prosperous community”, and Myanmar aims to “add value to promote a people-centred ASE-AN”, said President Thein Sein.

ASEAN Secretary-General Le Luong Minh as quoted from Xin-hua said that the members had not press Myanmar on sectari-an clashes between Buddhists and Muslims that are estimated to have killed hundreds and dis-placed more than 150,000 peo-ple since violence erupted last year. However, Minh was ada-

Myanmar took over the chairmanship

of the Association of south-east Asian

Nations (ASEAN) on Thursday, October

10, despite concerns over sectarian violence

and its human rights record. It is the first

time since Myanmar became a member in

1997.

Burma’s President Thein Sein (L), shakes hands with Brunei’s Sultan Hassanal Bolkiah after receiving the ASEAN Gavel during the Closing Ceremony of the 23rd ASEAN Summit, Bandar Seri Begawan, Oct. 10, 2013.

REUTERS

Myanmar opted to forego the ASEAN chairmanship in 2006, when its then-ruling military junta was under pressure to carry out democratic reforms. Only when Myanmar began a series of political and economic reforms in 2011 did ASEAN leaders decide to allow Myanmar a chance to chair the association in 2014.

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Law & Regulationwww.thepresidentpost.com October 2013 Vol. 2 No. 10

Based on a legal perspective,

exceptions under Article 1266 of

KUHPdt is legal because the article

is stated in the third book of KUHPdt in

which the book’s nature was only to regulate and not to

enforce and thus both parties can resort to it.

Exceptions in Article 1266 of the Civil Code in Agreements

Aside from special clauses, there are also general clauses or clauses which are common and the same in every contract in terms of contents, such as relat-ed to a force majeure, and claus-es on exceptions under arti-cles 1266 & 1267 of KUHPdt. So what does Article 1266 of KUHP-dt really contain?

Article 1266 of KUHPdt:“The conditions that can re-

voke an agreement are consid-ered always included in a con-tract to anticipate one party from failing to meet its obligations. In such case, the agreement will still remain legal and therefore a re-

ticle is stated in the third book of KUHPdt in which the book’s nature was only to regulate and not to enforce and thus both parties can resort to it. Many parties include the article on ex-ceptions in their contracts.

The main reason for includ-ing such an article is to avoid going to court when a revoca-tion of contract occurred as a result of a failure to meet obli-gations. This is because many are aware that a legal process in court is very complicated. This is the main reason why this ar-ticle has been made an excep-tion. One can imagine what would happen if one sought to

revoke an agreement in the court under the current legal system in Indonesia. So what happens if the consequences of the con-tract disadvantaged a third par-ty? Will the third party also los-es its rights?

The revocation of an agree-ment is not the same as “bring-ing the situation back to the ini-tial condition”, it only revokes an agreement between the par-ties that were bound by the agreement. However the par-ties should still be responsible for the interests of the third par-ty which emerged as the result of the agreement.

By Paulus Khierawan

An agreement is a legal action often committed by indi-viduals. However, many people don’t

realize that many of their dai-ly activities are a form of agree-ments, such as when parking a vehicle in a mall, purchasing goods or food and other things. Small-scale agreements can be made verbally. But that’s not the case with big-scale agreements where such agreements are nor-mally made in writing in a letter of agreement.

An agreement is stipulated under Civil Code (KUPdt), Article 1313 in which it is stated that “an agreement is an action in which one person or more is bound to one person or more than one person”. Such binding is stipu-lated in a contract which would later bind the parties who signed the contract. The contract would consist of clauses that should first be studied thoroughly be-fore it is signed.

Generally, clauses in the con-tract can be divided into spe-cial and general clauses. Spe-cial clauses can be translated as clauses made especially for the contract, for instance, claus-es on payment method, contract value, rights and obligations of both parties, and others. The special clauses may be different compared to those in other con-tracts.

quest to revoke it should be filed at the court.

The request should also be sent even though the terms that revoked the agreement after one party failed to meet its obligations were included in the contract. If the terms on the revocation are not included, judges, upon the re-quest of the defendant, can offer a deadline to enable the defen-dant to meet its obligations, but the deadline should not be longer than one month.”

Based on a legal perspective, exceptions under Article 1266 of KUHPdt is legal because the ar-

The main reason for including such an article is to avoid going to court when a revocation of contract occurred as a result of a failure to meet obligations. This is because many are aware that a legal process in court is very complicated.

www.paralegalintoronto.ca

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Cikarang Dry Portwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

CDP Means Efficiency inExports and Imports

South Pacific Viscose, PT Toshi-ba Consumer Products Indone-sia, PT Unilever Indonesia Tbk., PT Indonesian Kraft, Procter & Gamble, Sumitomo Indonesia, Kobexindo, PT Cadbury Indone-sia, PT Wisesa Fajar Surya Tbk., PT Kimberly-Clark Indonesia, PT Tekpak Indonesia, PT Mul-tistrada Arah Sarana Tbk. and others. Some of these companies have facilities like Jalur Prioritas (priority lane), Jalur Hijau (green line) and Bonded Zone, or those who do not have special facilities to conduct activities in CDP as a public port.

In addition to utilizing termi-nal facilities for dry cargo, refrig-erated container facilities and examination of the red line are ready to be served in CDP termi-nal with transparent tariffs.

The certainty of delivery, secu-rity and the ease of services are advantages for users, which do not have to use services at Priok, where the costs are higher.

The process of documents re-lated to port, customs and quar-antine can be done in CDP through the Indonesia Nation-al Single Window (INSW). CDP is connected systematically to Pri-ok port operators. With integrat-ed facilities and services as well as better planning, CDP can im-prove the supply chain in Indo-nesia.

Located in the Jababe-ka Industrial Estate, the Cikarang Dry Port (CDP) stands amidst 2,500 man-

ufacturing firms which are the backbone of the national econo-my. The CDP is connected to oth-er ports in the world, making it both a Port of Origin and a Des-tination Port. It is also connected with a highway and a railway.

CDP has become a worldwide name as shipping companies have made it an end port.

CDP’s strategic function as an extension of Jakarta’s Tan-jung Priok Port is the implemen-tation of Presidential Decree No. 32/2011 on MP3EI, Perpes No. 26/2012 on the Blueprint of the National Logistics System 2012-2015 that supports Presidential Decree No. 54/2002 concern-ing the coordination team on the Acceleration of Flow in Ex-port and Import as last amend-ed by the Presidential Decree No. 22/2007.

According to Benny Woenardi, Managing Director PT. Cikarang Inland Port, Jababeka was is-sued a permit to build CDP in 2009 after seeking it for nine years. It officially operated since August 18, 2010, to serve export and import activities.

To make CDP a success, said

The process of documents related to port, customs and quarantine can be done in CDP through the Indonesia National Single Window (INSW). CDP is connected systematically to Priok port operators. With integrated facilities and services as well as better planning, CDP can improve the supply chain in Indonesia.

Presently, 15 shipping companies have chosen the services of CDP, they are Maersk Line, MCC Transport, Safmarine, CMA CGM, CNC, ANL, Delmas, APL, MOL (Mitsui O.S.K Line), MSC, Hanjin, NYK, SITC, Gold Star and Sinokor. Some other shipping companies are in the process of joining them. The certainty of delivery, security and the ease of services are advantages for users, which do not have to use services at Priok,

where the costs are higher.

Benny, a special railway is con-nected directly from Tanjung Priok. However, currently there is no direct railway to the port, thus it is more effective to use ve-hicles. “Using train means we do not have to use trucks to reach Priok,” he said.

Activities in CDP have showed marked improvement as reflect-ed by the increase in export and import service users, namely empty container management companies as well as port ser-vices, customs, and quarantine activities in the CDP area.

Presently, 15 shipping compa-nies have chosen the services of CDP, they are Maersk Line, MCC Transport, Safmarine, CMA CGM, CNC, ANL, Delmas, APL, MOL (Mitsui O.S.K Line), MSC, Hanjin, NYK, SITC, Gold Star and Sinokor. Some other ship-ping companies are in the pro-cess of joining them. Through shipping service users can or-der directly the delivery of goods from and to CDP. For example, domestic importers may import goods from China directly to CDP by using Multimodal Bill of Lading. Likewise, exports can be done directly from CDP to export destinations.

The numbers of exporters and importers using CDP is increas-ing, among others PT Yamaha Music Manufacturing Asia, PT

Benny Woenardi, Managing Director PT. Cikarang Inland Port

A7

Propertywww.thepresidentpost.com October 2013 Vol. 2 No. 10

Modern living is often described as practical, simple and functional.

Such situations are part of the factors

considered by consumers in choosing

an apartment as an alternative investment in a place to live in the

heart of the city.

Investing in Apartmentsin Jakarta

were an oversupply of apart-ments for rent of 227 units and 138 units for sale. However, over-supply of apartments for sale in 2012 reached 810 units. The sup-ply of apartments for rent in the fourth quarter of 2012 increased by 1.15% compared to the same quarter in the previous year.

In 2013, supplies are expected to increase by 1,600 units, which are expected from the develop-ment of nine apartment projects,

pan, South Korea and Malay-sia usually rent apartments for short-term businesses.

This year there are 95 apart-ment projects that will be up for sale, in which 86 are not locat-ed in CBD area. The additional supply in non-CBD areas is trig-gered by the development of of-fices in those areas and they are dominated by apartment proj-ects for middle class. The addi-

tional supply had caused the number of units sold to decline to 94.71% in the fourth quar-ter of 2012, while sale price in-creased by 45.37% compared to the previous year. The stu-dio type, which is ±26 m2, and the two-bedroom (±36m2) apart-ment are in high demand, espe-cially from newly-weds. The av-erage price for apartments in Jakarta, according to Colliers International up until Septem-ber 2012, reached Rp19.12 mil-lion per m2.

The most expensive apart-ments are mostly located in the Central Business District (CBD) area, at Rp28.8 million per m2. This is because the golden tri-angle area is the best in terms of accessibility and it’s located in Jakarta’s business hub. The average price for apartments in South Jakarta up to the third quarter of 2012 was Rp19.43 mil-lion per m2, followed by apart-ments in non-CBD areas which are the cheapest at Rp15.23 mil-lion per m2.

There are a variety of choices of apartments to choose from in Jabodetabek, from middle-low to middle-high, depending on the location and the facilities offered by the developers. Consum-ers should be able to choose the right apartment for investment and as well as an alternative place to live based on accessibil-ity and facilities they provided to support activities in the heart of the Jabodetabek areas.

By Andri Marsetianto

in which six of them are not lo-cated in CBD areas. In the fourth quarter of 2012, the vacancy rate of rented apartments increased to 78.13% from 77.90%, thanks to a series of MICE (meetings, in-centives, conferences and exhi-bitions) activities during Christ-mas and the New Year. In terms of the types of renters, the long-term renters are mostly expatri-ates from the United States and Europe, while renters from Ja-

Low mortgage rates (KPA) for apartment ownership is also deemed as a contributing factor for the high apartment demand. Consumers could expect capital gain from selling an apartment if they bought a unit during the initial tower launch or simply serve as passive income if it was rented because the return rate is higher compared to investing on financial instruments such as time deposits.

An apartment would not only bring con-sumers close to their center of ac-tivities but also to

the capital’s business centers. Apartments can also fill the gap in housing supplies which is still 13.6 million short. This condi-tion can serve as an opportunity for developers to develop vertical residences equipped with facili-ties to support consumers’ main activities, such as with the pres-ence of a shopping mall and of-fice in the apartment complex.

There are also other facilities such as hospital and hotel which could become factors to support the development of an apart-ment in the Greater Jakarta (Ja-bodetabek). Low mortgage rates (KPA) for apartment ownership is also deemed as a contribut-ing factor for the high apartment demand. Consumers could ex-pect capital gain from selling an apartment if they bought a unit during the initial tower launch or simply serve as passive in-come if it was rented because the return rate is higher compared to investing on financial instru-ments such as time deposits.

A survey conducted by BI in the fourth quarter of 2012 showed that demand for apart-ments, both for sale and rent, in Jabodetabek are still quite high. Between 2010 and 2012, there

A survey conducted by BI in the fourth quarter of 2012 showed that demand for apartments, both for sale and rent, in Jabodetabek are still quite high. Between 2010 and 2012, there were an oversupply of apartments for rent of 227 units and 138 units for sale. However, oversupply of apartments for sale in 2012 reached 810 units.

BUSINESSwww.thepresidentpost.com

October 2013Vol. 2 No. 10

SECTION B

The President Post

Indonesia, South Korea Hold Business Meeting

The Indonesian del-egation, led by Co-ordinating Minis-ter for Economic Affairs Hatta Raja-

sa, held the third meeting of the joint committee on economic co-operation with its South Korean counterpart in Seoul early this week.

The meeting was in line with the joint declaration signed by the heads of state of the two countries in 2005 on strategic partnership to promote friend-ship and cooperation in the 21st century, according to the Coor-dinating Ministry for Economic Affairs in a press statement re-leased on Wednesday.

At the meeting, which coincid-ed with the 40th anniversary of the diplomatic ties between the two countries, the South Kore-an delegation was led by Trade, Industry and Energy Minister Yoon Sang-jick.

The meeting threw light on progress reports on the realiza-

tion of cooperation in exclusive economic region, shipbuilding industry, use of compressed nat-ural gas, and development of re-newable energy.

Both sides also looked at prog-ress reports on infrastructure development, Ciliwung river res-toration project, rice farming mechanism, and development of green cars.

Hatta said industrial coop-eration between the two coun-tries should not be limited to steel, tire, shipbuilding and avia-tion industries, and information and communication technolo-gy. “I also hope that South Korea will fulfill its promise to transfer technology and allow the Indo-nesian Investment Coordinating Board (BKPM) to open its repre-sentative office in Seoul in an at-tempt to increase South Kore-an investments in Indonesia,” he added.

He also expressed hope that there would be wider coopera-tion in infrastructure develop-

ment to support the implemen-tation of the Master Plan for the Acceleration and Expansion of the Indonesian Economic Devel-opment (MP3EI) programs.

“Through the MP3EI, Indone-sia has the potential to cooperate (with other countries) in develop-ing its infrastructure in six eco-nomic corridors,” he said.

He also noted that both the nations have made significant progress in forestry, agricultur-al and fisheries cooperation to enhance food security. “Existing bilateral relations will continue in the long run, and they serve as a key to achieving mutually beneficial cooperation between the two countries,” he said.

Indonesia is now going through a time of ups and downs in its econ-omy. Starting from the

fall of the rupiah to high un-employment rate, our coun-try needs to be repaired.

Creating a world of abun-dance through business re-education is the vision of the multi-billionaire and world figure Bradley J. Sugars. The Australian, the found-er of ActionCOACH as well as the first person who ini-tiated the idea of business coaching, possesses a bril-liant perspective on how to build a world of abundance through business re-educa-tion.

According to Sugars, the progress of a country is determined by its level of prosperity and its econom-ic stability. So, many coun-tries are great because their economies are very good and stable. But, of course, behind the success of a country is the success of its entrepreneurs.

Through ActionCOACH, Sugars has designed a mentoring business mod-el (business coaching) in the form of a franchise. The model caters to business people who wish to have a running and profitable au-topilot business system and yet leave them enough time for their families.

Sugars offers a business coaching license through a franchisor in each coun-try. In Indonesia, there is Herman Susanto, Indone-sia ActionCOACH Master license. ActionCOACH can now be found in 49 coun-tries and has thousands of-fices throughout the world.

The uniqueness of Action-COACH is that it is a proven sys-tem that helps a business owner to have an autopilot system. This business system is packaged in the form of a franchise through re-education.

The coaching program allows businessmen to receive a set of knowledge and the necessary skills to build an autopilot busi-ness. It works like athletes with coaches, as athletes set their

Creating Abundance Economy Through Business Re-Education

minds to be champions, trained and molded to be tough in the field.

On the other hand, the coach who gets the busi-ness coach certificate will continue to receive ongoing trainings, a complete busi-ness system and support from the franchisor in each country.

Sugars has managed to create new billionaires. Through his personal expe-rience as a successful busi-nessman who started his business since he was 14, he has developed an autopi-lot business system that has proven to be successful.

His experiences in de-cades of building success-ful businesses are concep-tualized in a ready-made business system. Thanks to his mindset, knowledge and competency as a business owner, he has established ActionCOACH.

ActionCOACH is running very well in 49 major coun-tries, and the success rate of business mentoring pro-gram is even more convinc-ing. Sugars’ and Herman’s vision is to create a world in abundance through busi-ness re-education. So the task carried by Action-COACH Indonesia is to cre-ate one million new billion-aires by 2020.

For business owners who wish to enjoy coaching as-sistance, just call the near-est office of ActionCOACH. ActionCOACH will set up a schedule for a business evaluation and business coach licensed by Action-COACH who will make a coaching program for busi-ness owners.

Bradley J Sugars, pendiri ActionCOACH.

Through ActionCOACH, Sugars

has designed a mentoring business

model (business coaching) in the

form of a franchise. The model caters

to business people who wish to have a

running and profitable autopilot business

system and yet leave them enough time for

their families.

Creating a world of abundance through business re-education is the vision of the multi-billionaire and world figure Bradley J. Sugars. The Australian, the founder of ActionCOACH as well as the first person who initiated the idea of

business coaching, possesses a brilliant perspective on how to build a world of abundance through business re-education.

The meeting threw light on progress reports on the realization of cooperation in exclusive economic region, shipbuilding industry, use of compressed natural gas, and development of renewable energy.

Indonesia Minister for Economic Affairs Hatta Rajasa and South Korea Trade, Industry and Energy Minister Yoon Sang-jick.

ANTARA

Existing bilateral relations will continue in the

long run, and they serve as a key to achieving mutually beneficial cooperation between the two countries.”

The government has an-nounced its decision to ter-minate the working contract of PT Koba Tin, effective as of September 18, 2013 because it has been suffering from business losses.

Deputy Minister of En-ergy and Mineral Resourc-es Susilo Siswoutomo said here on Tuesday that the government will temporarily hand over the management of the mining area being ex-ploited by Koba Tin to state-owned company PT Timah Tbk. “This is only tempo-rary and covers only mainte-nance and not production,” he stated.

He noted that the gov-ernment intends to finalize all necessary work and ar-rangements in the transi-tional period ahead of com-pletely transferring the contract to another compa-ny. One option on the table is to hand the mining contract over to a state-owned com-pany, such as PT Timah, he suggested.

He pointed out that PT Koba Tin s contract had been terminated by an evaluation team of experts and indus-try players after considering the advice of the Bangka-Be-litung governor.

Koba Tin, which is a joint venture between Malaysia Smelting Corporation Ber-had, a publicly listed com-pany in Malaysia, holding 75 percent of Koba Tin s shares, and PT Timah Tbk, holding 25 percent of the shares, lost $40.9 million in 2012.

Susilo said he would involve the military and the police in se-curing the mining area following the termination of the company s contract. He asked PT Koba Tin to seek arbitration to settle the matter if it could not accept the termination notice. “(They can) go ahead. It is their right,” he stated.

Based on Law No. 4 of 2009 on mineral and coal mining, a company holding a working con-tract that has expired is obliged to meet its obligations under the law, and these obligations must be approved by the minister of energy and mineral resources.

The obligations include han-dling the reclamation of land and making payments to the workers. The contracted compa-ny is also required to submit all its data to the minister of energy and mineral resources.

Expired contracts, mean-while, must be handed over to the minister of energy and min-eral resources, and these will later be offered to business enti-ties such as cooperatives or indi-viduals in accordance with cer-tain systems established by the law. Koba Tin s contract was first signed on October 16, 1971, and was later extended several times until March 31, 2013.

Koba Tin Contract Terminated

Susilo Siswoutomo

B2

Businesswww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

State-owned airlines Garuda Indonesia has raised its ticket price by an average of five percent in response to

the rupiah depreciation which has reached a range of Rp11,700 per US dollar, its president direc-tor said.

“We have raised the price of Garuda s flight tickets by an av-erage of five percent since last August 1, in response to the de-preciation of the rupiah val-ue,” Garuda President Direc-tor Emirsyah Satar said here on Tuesday.

He said that all companies, in-cluding Garuda, must pay atten-tion to the fall of the rupiah and take anticipatory steps to avoid its impacts on their operations.

“We will continue to moni-tor the dollar s movements from time to time so that we could take strategic steps,” he said.

He said that as far as the rupiah`s value against the Green-back was stable at a range of be-tween Rp11,000 and Rp11,500, it was expected to not affect the company s performance too much. “It would matter if the rupiah`s fluctuation occurs in a higher range,” he added.

According to Emirsyah, the appreciation of the US dollar af-fects the company s cost com-ponents such as fuel purchase, aircraft rent and maintenance cost which are paid in US dollar.

Garuda Raises Ticket Pricesby 5 Percent

Therefore, besides raising flight ticket prices, Garuda also takes various efficiency steps, includ-ing increasing the frequency of plane usage and reduce opera-tional costs in offices.

“With these steps, Garuda continues to carry out its oper-ation and business expansion based on its corporate business plans,” he said.

Garuda orders ATR72-600 planes to serve medium cities

Garuda Indonesia has ordered 35 Avions de Transport Region-al (ATR) 72-600 planes to serve medium cities.

“Garuda Indonesia has or-dered ATR72-600 planes to de-velop and strengthen the routes in the domestic market,” said Emirsyah at the signing of a co-operation agreement between Garuda, ATR, and Nordic Avia-tion Capital (NAC) on Tuesday.

He added that the ATR planes will be operational in a number of secondary cities to support the Master Plan for the Acceleration and Extension of Indonesia s Economic Development (MP3EI). The development of the routes, he said, would increase nation-al connectivity, which is in line with MP3EI.

“The procurement of ATR72-600 planes is in line with the government s plan to develop air transportation infrastructure, following the inauguration of new airports in Indonesia in the next two years,” he said.

He said a number of new air-ports will be opened, especial-ly in new economic growth re-gions and tourist destinations in remote regions. As per the coop-eration agreement between Gar-uda, ATR, and NAC, Garuda will procure 35 ATR72-600 planes to serve short-haul flights.

CEO of ATR Filipo Begnato, meanwhile, said the first plane would be delivered in November 2013, while the rest will be deliv-ered in stages until 2017.

“The agreement is part of the ATR72-600 expansion plan in Southeast Asia, where the fleet has become the new standard for air connectivity development and is also part of our commit-ment to support the development of aviation industry in this re-gion,” he said.

Chairman of NAC Marin Moller, meanwhile, said the co-operation is strong, considering the fast development of aviation industry in Southeast Asia. The chairman added that ATR72-600 is the right choice for oper-ations in small airports and iso-lated locations.

Deputy Transportation Min-ister Bambang Susantono said the cooperation was good be-cause it would improve connec-tivity in Indonesia. “The Ministry of Transportation is current-ly striving to develop airports in secondary cities,” he said.

Garuda would operate the ATR72-600, with 70-seat ca-pacity, to among others, Labuan Bajo, Tambolaka and Ende in East Nusa Tenggara, Bima in West Nusa Tenggara, Banyu-wangi and Jember in East Java, Bau-bau and Wakatobi in South-east Sulawesi, Luwuk in Central Sulawesi, Mamuju in West Su-lawesi, Poso in Central Sulawe-si, Kaimana in Papua, and Tual/Langgur in Maluku.

This year, Garuda Indonesia and Citilink plan to procure 24 new planes to strengthen and develop their national and in-ternational flight networks. As of the first semester of this year, Garuda Indonesia Group has operated 126 planes.

19 State Firms Told to Build Toll RoadsMinister for State-owned Enterpris-

es (SOE) Dahlan Iskan has requested 19 state-owned companies to cooperate in the construction of toll roads that will stretch along the coastal areas from Jakarta to East Java.

“For the first stage, we urge state com-panies involved to conduct feasibility stud-ies to be completed in six months,” said the minister after the signing of a memoran-dum of understanding on the preparations

for toll road construction projects on Wednesday.The 19 state-owned companies are PT Jasa Marga, PT Adhi Karya,

PT Waskita Karya, PT Wijaya Karya, PT Hutama Karya, PT Pembangu-nan Perumahan (PP), PT Brantas Abipraya, PT Nindya Karya, PT Istaka Karya, PT Pelindo II, PT Pelindo III, PT Semen Indonesia, PT Krakatau Steel, PT Bank Mandiri, PT Bank BNI, PT Bank BRI, PT Bank BTN, PT Jamsostek, and PT Taspen.

The minister said the cost and technical details of the construction of the toll roads cannot be revealed to the public yet because the project is still under feasibility study planning. “It is still in the form of a memoran-dum of understanding where the state companies are expected to work

together in the construction of the toll roads from Jakarta to Surabaya,” Dahlan said.

He added that the ability of state companies to build the 12.7-km toll road in Bali could serve as a momentum for them to build similar toll roads on Java island.

Businessmen Keen on Investing in HotelsIndonesia is ranked third in Asia in terms

of hotel development and investment, said Minister for Tourism and Creative Economy Mari Elka Pangestu.

“This shows that Indonesia is an attrac-tive destination for hotel investment,” added the minister on Friday.

Indonesia is now one of the favorite des-tinations for hotel and restaurant invest-ments, she said. Data published by the ministry shows that domestic and foreign in-

vestments in the country`s hotel and restaurant sector more than doubled to $869.8 million last year compared to two years back.

“The figure rose significantly by 210 percent from 2011,” she said.The minister added that the management of hotels in the country must

be environmentally friendly. “Ideally, it (the environment-oriented princi-ple) must be applied from the construction to the operation stage,” she said.

Any investor planning to build a hotel in Indonesia must apply the green hotel concept, which calls for optimum usage of resources (energy, water and materials) and the management of hotel rooms, which meets conve-

BUSINESS BRIEFSnience and health requirements, she said.

“There must be convenience and health guarantee for employees and guests, including tourists,” she pointed out.

Foreign Investor to Build Sugar Factory in Central Aceh

A foreign investor is building a sugarcane processing mill which will have an annual production capacity of 4,000 tons of refined sugar per day.

PT Kamaddhenu Ventures Indonesia will build the factory in the regen-cy of Central Aceh, Mustafa Kamal, the spokesman of the Central Aceh district administration said. The district administration welcomes the con-struction of a sugar mill in the regency of Central Aceh, Mustafa said in Takengon on Monday.

Kamaddhenu Ventures official Davarakonda Venkataratnam, a Viet-namese of Indian origin, said first the company would build a fence around the 75 hectare plot of land where the factory will be built in the sub-dis-trict of Ketol.

The process of building the project will take around 14 months by phas-es that would include office buildings, dormitory, supporting facilities and the factory, Venkataratnam said. He said the company would need 12 hectares of farmland for sugarcane plantation and the land has been avail-able in Central Aceh.

The Central Aceh regency wants to make sugar its second main com-modity after arabica coffee. Central Aceh has 40,000 hectares of arabi-ca coffee plantations. Currently Central Asia has 7,940 hectares of sugar plantations producing 48,890 tons of sugarcane per year.

Mari Elka PangestuDahlan Iskan

airinsight.com

The first round of auc-tions for 18 oil and gas blocks located mostly in the eastern part of the country has been initiated by the In-donesian government.

Sixteen of the blocks are being offered through direct bids and two through reg-ular tenders, according to a press statement released by the Directorate Gener-al of Oil and Gas at the En-ergy and Mineral Resources Ministry on Monday.

The blocks being offered through direct bids include the Palmerah Baru on-shore block in South Su-matra and Jambi, the Sak-ti offshore block in Central Java and East Java, the North Madura II offshore

block, the North East Madura VI offshore block, the Anugerah offshore block in East Java, the East Bontang onshore and off-shore blocks in East Kaliman-tan, and the North Adang off-shore block in Makassar Strait.

Other blocks being offered through direct bids are the South Sulawesi I offshore block in West Sulawesi and South Sulawesi, the South Sulawe-si II offshore block in South Su-lawesi, the Southeast Sulawe-si I offshore block in Southeast Sulawesi and Central Sulawe-si, and the Southeast Sulawesi II offshore block in Southeast Su-lawesi.

The West Abadi offshore block, Yamdena offshore block, South Aru offshore block in Maluku,

Bird`s Head offshore block, and Merauke onshore block in Papua are also among those offered through direct bids. The two blocks offered via regular tender are the East Seringapatam offshore block in East Nusa Tengga-ra and the East Abadi off-shore blocks in Maluku.

Bid documents for the regular tender are open to bidders from Sept. 16, 2013, to Jan. 27, 2014, and par-ticipation documents must be submitted before Jan. 27, 2014. Bidders can claim documents in the direct ten-der from Sept. 16 to Oct. 30 this year, and participation documents must be sub-mitted before Oct. 31, 2013.

Companies Eye 18 Oil, Gas Blocks Put on Auction

Garuda Indonesia has ordered 35 Avions de Transport Regional (ATR) 72-600 planes to serve medium cities, among others, Labuan Bajo, Tambolaka and Ende in East Nusa Tenggara, Bima in West Nusa Tenggara, Banyuwangi and Jember in East Java, Bau-bau and Wakatobi in Southeast Sulawesi, Luwuk in Central Sulawesi, Mamuju in West Sulawesi, Poso in Central Sulawesi, Kaimana in Papua, and Tual/Langgur in Maluku.

The appreciation of the US dollar affects the company`s cost components such as fuel purchase, aircraft rent and maintenance cost which are paid in US dollar.

B3

Investmentwww.thepresidentpost.com October 2013 Vol. 2 No. 10

FEATURED SPEAKERSGovernment Regulators

Eddy Satriya

COORDINATING MINISTRY OF ECONOMIC AFFAIRS

Bambang Permadi Soemantri Brodjonegoro

MINISTRY OF FINANCE

Dr. Ir. Bastary Pandji Indra

NATIONAL DEVELOPMENT PLANNING AGENCY (BAPPENAS)

Oliver Oehms

INDONESIA CHAMBER OF COMMERCE AND INDUSTRY (KADIN)

Doug Coulter

LGT CAPITAL PARTNERS

Edimon Ginting

ASIAN DEVELOPMENT BANK

Kartika Wirjoatmodjo

INDONESIA INFRASTRUCTURE FINANCE (IIF)

Markus Ableitinger

CAPITAL DYNAMICS

Paul Heinemann

DEG INDONESIA

Riki Frindos

EASTSPRING INVESTMENTS

Arun Bhalla

SHREE CEMENT

MEDCO ENERGI POWER

Helmi Najamuddin

PT PLN (PERSERO)

Alana Wilson

FRASER INSTITUTE

Ndiame Diop

THE WORLD BANK

Rajiv Biswas

IHS “Future Asia: The New Gold Rush in the East”

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Looking into QIV 2013

the IHSG to book profits even though in that period the IHSG was often hit by volatility such as bullishness in 2004, 2006 and 2007 and bearishness in 2008. Shares with the biggest potential to make gains based on proba-bility were from the infrastruc-ture and finance sectors. This is because many infrastructure programs had to be completed by the end of the year.

In terms of profits, returns in each sector differ but the basic industrial sector is the one with the highest return potential. Shares that fall under this sector are cement and animal feed. The multi industry sector, which is spearheaded by automotive, also offers high return potential be-cause it is needed to support the low-cost green vehicles offered to the market as of this October. So, if you believe that the win-dow dressing phenomena would still happen in 2013 and the re-turn assumptions explained above are attractive enough for you, investors who wish to gain short—term returns should try their luck through the stocks

Research on the history of the

performance of the composite

index (IHSG) found an interesting

phenomenon: there had been a window

dressing phenomenon over the past decade

between 2002 and 2012. Window

dressing is normally translated in the

bourse as a condition in which the IHSG

would tend to make some gains ahead of

the end of the year.

Window dress-ing is usual-ly driven by several fac-tors, such

as speculations that the perfor-mances of listed companies were better at the end of the year com-pared to the previous year, posi-tive economic data at the end of the year, and the anomaly pat-tern of the stock market which repeats historically.

Aside from those factors, win-dow dressing is also prompted by the efforts made by listed compa-nies and investment managers to improve the performances in the whole year. The self-fulfilling prophecy factor also increased the chance for window dressing at the end of the year.

By taking advantage of such a phenomenon, investors can make short-term investment profits because window dressing usually occurred in December. In other words, if investors in-vest at the end of September and sold the shares at the end of De-cember, they are likely to make profits.

The observation period should be conducted at the end of Oc-tober and then have the shares released at the end of Decem-ber. The application of two pe-riods is intended to see whether it was possible to increase in-vestors’ potential returns from the investments they made. The following is the result of the re-search (see Table).

Data from the past decade showed that the fourth quar-ter or from October until De-cember was the best period for

mentioned above or through mu-tual funds.

To benefit from window dress-ing, investors must choose mu-tual funds with stock portfolios that move the index or are in-dex movers. They are usually the blue chips or companies with big capitalization and listed un-der LQ-45. Although the IHSG would experience window dress-ing, this doesn’t mean that it will happen in every stock. Choosing the wrong stock portfolio could cause losses. Other criteria in-clude the performance of the shares in the period mentioned above on whether they always booked profits and whether the profits were bigger than the prof-its generated by the IHSG itself.

Investors must also keep in mind the assumption that previ-ous performances may not hap-pen again in the future. There-fore, investors who wish to speculate are recommended to use only a small amount of their investment funds. Make sure that the funds are idle funds that would not disrupt your house-hold needs.

Average Performance 2002- 2012

To benefit from window dressing, investors must choose mutual funds with stock portfolios that move the index or are index movers. They are usually the blue chips or companies with big capitalization and listed under LQ-45. Although the IHSG would experience window dressing, this doesn’t mean that it will happen in every stock.

Stock SectorQIII QIV

Average (%) Rise Opportunity (%) Average (%) Rise Opportunity (%)

IHSG 7.27 70 7.09 90

Infrastructure 8.46 80 8.69 90

Finance 11.12 70 5.86 90

Multifarious Industry 11.35 80 6.17 80

Basic Industry 8.88 70 10.93 80

Consumption 5.87 60 4.50 80

Trade 5.60 60 4.13 80

Agriculture 6.29 80 10.23 70

Property 11.39 70 4.29 70

Mining 7.62 70 16.26 60

Dok/JIBI/Bisnis

By Wawan Hendrayana

B4

Automotivewww.thepresidentpost.comMarch 2013 Vol.2 No. 3

The BMW Group In-donesia launched the new BMW Z4 at the Indonesia Inter-national Motor Show

(IIMS) 2013. BMW New Z4 is equipped with BMW TwinPow-er Turbo technology, ideally bal-ancing fuel consumption across the entire output range along with sheer driving pleasure. Moreover, this sports vehicle comes with a retractable hard-top that can be opened with a single touch of a button. This can even be done while the car is still in motion, so long as it’s driven under 40 km/hour. The retracting process takes 19 sec-onds and is done completely au-

tomatic.The BMW Z4 comes in two

different variants, namely sDrive20i and sDrive35i. The first comes with a pricetag of Rp 929 million, while the lat-ter model can be taken home by spending Rp 1,4 billion. These prices are excluding tax-es, in other words off the road. This car variant also features a low, frameless side window and BMW Hofmeister kink, which has become a trademark of BMW at the end of the C-pillar.

Right behind the front wheels the designers of this car stra-tegically positioned the Air Breathers. These are designed to reduce drag in the fender ar-

eas. With these air breathers, the drag coefficient is reduced to merely 0.28. Cars with a drag coefficient of below 0.30 can be considered efficient. The BMW Z4 accelerates in 5.1 seconds and consumes 13,9 km of fuel per liter. BMW Indonesia has set the price of this car at Rp 998 million off the road.

In the interior evaluation, the company deemed the Z4’s stan-dard front seats adequate in a straight line.

The view of the road ahead is complemented by the Z4’s clas-sic long nose, which is fully visi-ble from the driver’s seat. You’re really almost sitting on the rear axle in this car, like an old gog-

gle-wearing racer from the 1930s. It’s one way in which the Z4 and Boxster could hardly be more different, as the mid-en-gined Porsche situates the driv-er practically in between the ax-les.

The Z4’s gauges have unusu-al stylized circular hoods, but they’re otherwise in the tradi-tional BMW mold, with simple white numerals that turn or-ange at night.

Although the interior mate-rials aren’t as nice as the ones in some other BMW products, they’re still identifiably premi-um. We appreciate that the iD-rive infotainment system re-mains optional, as not everyone

wants a roadster with every possible computer aboard.

The Z4 has BMW’s trademark solid feel at speed, and the cab-in is downright quiet with the top up. You could take a chatty road trip with a friend and not raise your voice once. The top-down ride is quite civilized too, with wind buffeting kept nicely in check.

On the handling front, it’s true that the Z4’s somewhat numb electric-assist steering doesn’t channel the mechanical spirit of older BMWs, but you can still have a lot of fun in this car when the mood strikes. The grip and body control are cer-tainly there.

The New BMW Z4:A Classic Touch of High TechnologyBMW New Z4 is equipped with BMW TwinPower Turbo technology, ideally balancing fuel consumption across the entire output range along with sheer driving pleasure. The BMW Z4 comes in two different variants, namely sDrive20i and sDrive35i.

B5

Pictorial Eventswww.thepresidentpost.com October 2013 Vol. 2 No. 10

TOP 1 Ack AttackDuring his visit to Indonesia,

Business Development Manag-er TOP 1 Oil Products Matthew J. Ryan gives views of the TOP 1 Ack Attack that still hold the ti-tle, “The World’s Fastest Motor.” Ryan mentioned, despite the re-cord breaking competition back-dated to October, the TOP 1 Ack Attack still believe it can outper-form its competitors.

“We need to explain why we are all active in the Land Speed Shootout. We have to prove to the public about the TOP 1 Oil achievement in extreme racing that have a spectacular sensa-tion. The achievement is a re-flection on the quality of our oil,” said Matt Ryan.

“We utilize the Land Speed Shootout, which is much more risky than the Moto GP or For-mula-1. A ‘pilot’ of super Stream-liner must have the courage and the extra ability to com-pete. From the hard work that we elaborated, TOP 1 Ack Attack motorcycle managed to be the fastest motorcycle in the world in 2010, the record then recog-nized by the FIM and recorded by the Guinness Book of World Record,” he added.

The top speed record of Moto GP is at 347.4 km per hour by Ducati Desmosedici GP4 990cc driven by Loris Capirossi at IRTA Test, Catalunya 2004. Mean-while, Formula 1 record set by Antonio Pizzonia of the BMW Williams with a speed of 369.9 km per hour. Meanwhile the Ack Attack acceleration on 0-100 kph is 2.4 seconds, compared

Lamborghini Aventador with 2.7 seconds, Ferrari F12 Berlinetta 3.1 seconds, BMW S1000RR Mo-torcycle 2.7 seconds and Ducati Motor 2.9 seconds.

Ryan also said that the suc-cess of Ack Attack based on per-formance of TOP 1 Action Plus oil that was one of the Indone-

Business Development Manager TOP 1 Oil Products Matthew J. Ryan with President Director Top 1 Indonesia Heri Djohan.

sian riders’ favorite prod-ucts. TOP 1 Action Plus is oil that has been formu-lated with special formula, and very useful for 4-stroke motorcycle made in Japan. As is known, TOP 1 Ack At-tack is using Suzuki Haya-busa-powered engine 700-900 HP which is also made of Japan.

“As you know, Ack Attack speed is 605.7 km per hour. In the next game, we’re pretty sure Ack Attack can still be the fastest and can exceed 400 mph (643.7 km per hour),” he said.

TPP/Rians Rivco

Garuda Indonesia Travel Fair 2013PT Garuda Indonesia held a Travel Fair (GITF) 2013

at the Plenary Hall and Cendrawasih room, JCC from 13 to 15 September.

GITF 2013 followed by approximately 50 well-known travel agencies and 20 hotels that offer tour packages to all tourist destinations in various parts of the world at an attractive price.

GITF 2013 in Jakarta is the culmination of the GITF roadshow in 15 major cities in Indonesia, among others, Makassar, Manado, Padang, Surabaya, Yog-yakarta, Bandung, Balikpapan, Denpasar, Medan, and Semarang.

At the event, visitors could experience the feel of the “First Class” service on Garuda Indonesia Boeing 777-300 ER. The service in the form of: Pre & Post-jour-ney Services, the Limousine Service, Cabin Mock-up of Boeing 777-300 ER aircraft which displaying first and excecutive class interior cabin, first class lounge, and luxury and comfortable lounge, which reserved for first class customer before entering the plane.

In addition, the visitors could follow the Best Deal program to get various attractive deals for domestic and international tickets.

Indonesia International Motor Show 2013

The largest auto show in the coun-try, Indonesia In-ternational Motor Show (IIMS) was

held on September 19 at JIEx-po, Kemayoran. The exhibition, which become mandatory for analysts, consumers and lov-ers of the automotive world was opened by the Vice President of the Republic of Indonesia, Bo-ediono, and was accompanied by the Minister of Industry, Mo-hammad S. Hidayat, Minister of Transportation, E.E. Mang-indaan, Minister of Youth and Sports, Roy Suryo, Vice Gov-ernor of Jakarta, Tjahaja Ba-suki Purnama, Chairman of the Indonesian Automotive In-dustry Association (Gaikindo), Sudirman MR, Chairman of the Organizing IIMS 2013, Johnny Darmawan, and other relevant officials. The opening was also attended by agent licensee rep-resentatives and ambassadors of friendly countries and other in-vited guests.

This year’s theme is “Smart Mobility Vehicle” which wants to emphasize the importance of fuel efficiency with the intro-duction of efficiency standards

that reduce fuel wastage and re-duce excessive exhaust emis-sions. The ultimate goal of IIMS theme this time is to encourage the development of smart mo-bility vehicle which are not only considering visual comfort, and affordability in the economic front, but also has a powerful en-ergy-efficient technologies to re-duce emissions.

This theme is also expected to be a reference for consumers to choose vehicles with technol-ogies that enable fuel efficiency while still promoting the safety and convenience of users.

To support this theme, the APM who appeared at IIMS 2013 were also competing to display the design in line with the direc-tion of the theme. There are 36 APM present at this exhibition, among others Audi, BMW, Chev-rolet, Chrysler, Dodge, Daihat-su, Ford, Honda, Hyundai, Jeep, Kia, Mazda, Mercedes-Benz, Mini, Mitsubishi Motors, Nissan , Peugeot, Smart, Subaru, Su-zuki, Tata Motors, Toyota, and VW. While commercial vehicles of brands that will be present is Dyna, FAW, Foton, Fuso, Hino, Isuzu, MAN Trucks, Tata Mo-tors, and UD Trucks.

This year’s theme is “Smart Mobility Vehicle” which wants to emphasize the importance of fuel efficiency with the introduction of efficiency standards that reduce fuel wastage and reduce excessive exhaust emissions.

TPP/Rians Rivco

PT Taman Wisata Candi Borobudur, Prambanan, and Ratu Boko participate in the event Garuda Indonesia Travel Fair 2013 held at JCC.

The exhibition took place from 13-15 September 2013 at JCC. One of booth participant at GITF filled with visitors who eager to see the promo of tour packages that offered.

The success of Ack Attack based on performance of TOP 1 Action Plus oil that was one of the Indonesian riders’ favorite products.

The visitors at IIMS 2013

TPP/Rians Rivco/Heros Barasakti

F1 driver, Kimi Raikkonen’s car was exhibited at IIMS 2013.

Vice President of Indonesia, Boediono accompanied by several ministers of Indonesia Bersatu II cabinet at the opening of IIMS 2013

Deutsche Bank Organizes Site Visit to Kota JababekaPT Deutsche Verdhana Indo-

nesia arranged a site visit to Kota Jababeka for several of their pre-mier clients/investors on Octo-ber 4, 2013. The itinerary includ-ed a visit to a manufacturing facility in Jababeka Industrial Estate in the morning and a vis-it to the Cikarang Dry Port in the afternoon.

The group of about 20 inves-tors, including Ashmore, BNP Paribas, Ciptadana, Karst Peak Capital, Lombard Odier, Match-point Investment Management, Westwood, and several oth-ers, had lunch at the Jababe-ka Golf and Country Club, dur-ing which they were also served presentations by PT Grahabua-na Cikarang (GBC), a wholly-owned subsidiary of PT Jababe-ka Tbk (KIJA) and PT Cikarang Dry Port, also wholly owned by

KIJA. GBC’s presentation was given

by Tanto Kurniawan and Sute-ja Darmono, President Commis-sioner and Managing Director of GBC respectively. They informed the investors of GBC’s new Mem-orandum of Understanding with PT Plaza Indonesia Realty Tbk, which was signed with the aim to develop a Mall Plaza Indonesia in Kota Jababeka. Construction of this mall, which will undoubt-edly increase KIJA’s land value, is expected to start in middle of next year. Tanto and Suteja also informed the investors that Kota Jababeka will become more ac-cessible in the near future with two additional toll access gates (at km27 and km 34.7), which are slated to become operation-al by the end of the year. Kota Jababeka is currently served by

the Cikarang Barat–Lemaha-bang toll access gate.

Benny Woenardi, Manag-ing Director of CDP, and Datum Mas’Mirdhana, Account Execu-tive of CDP, treated the investors on a presentation of Cikarang Dry Port. Key message that they conveyed was that the Cikarang Dry Port is an official interna-tional Port of Origin and Port of Destination with internation-al port code IDJBK. With cus-toms facilities available, import-ers and exporters can now use CDP as a faster and cheaper al-ternative to the inefficient and expensive international seaport Tanjung Priok in Jakarta. Af-ter the presentation, the group made an inspection of CDP’s fa-cilities, including container yard, empty container depot and cus-toms office.

Presentation by Tanto Kurniawan, President Commissioner of PT . Graha Buana Cikarang and Suteja Darmono Managing Director of PT. Graha Buana Cikarang.

Benny Woenardi, Managing Director of Cikarang Dry Port.

Datum Mas’Mirdhana, Account Executive of Cikarang Dry Port.

TPP/Heros Barasakti

B6

Pictorial Eventswww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

Wayang Kulit Performance atIndonesia Movieland

T he synopsis of Vish-nu Tumurun is about Mandura kingdom, led by Prabu Basude-

wa, where the state is in emer-gency condition; the state offi-cials are not think for the, they are selfish; they battle for posi-tions, power, wealth, and they defeat each other and have mu-tual suspicion. While the peo-ple in the state are needy, hard to live, hard to find a job, and less attention from authorities. These things make Prabu Ba-sudewa angry and tell his sib-lings Raden Rukma and Ugrase-na about the country’s situation. Therefore, King Basudewa in-structed his siblings to improve the situation.

Before the conversation was

finished, Patih Sara Gupita came and reported that the en-emy from Sengkapura has come to Mandura. Sengkapura’s king is Prabu Gorawangsa; he wants to seize his power and impose Prabu Basudewa. Prabu Ba-sudewa sent his siblings to evict Sengkapura’s troops.

Prabu Basudewa was always do the revere-meditation (pray day and night), in order to please the gods to bless him a son as his successor to make peace and welfare state. Then Betara Guru granted his wish. Betara Wisnu was sent to the earth, born from Prabu Basudewa’s wife. And this crown prince will make peace and the welfare of its people and expelled the insolence from Man-dura.

40 Companies Participate in Cikarang Industrial Expo 2013Cikarang Industrial Expo

(CIE 2013) officially held at Su-kamdani-Riady Ball Room Hotel Sahid Jaya Lippo Cikarang. CIE is an industry trade show held by PT. Tiga Pilar Manajemen In-donesia (TPMI) which lasted for three days (9-11 October).

The opening of CIE was at-tended by President Director of TPMI, Muslim M. Amin, Kadin chairman of Bekasi district, Ob-ing Fachrudin dan head of in-dustry, trade, SMEs of Bekasi, Wiwik Kadarwiyati.

Obing Fachrudin said, “Beka-si is the largest industrial area in South East Asia, so there are a lot of the types of industries here, ranging from SMEs, na-tional and multinational com-panies. Around 4000 companies are established here, and opened job opportunities for local people and migrants. Later the indus-trial area not only as the area of factories but can also be a tour-ism area,” he concluded.

Indonesia Movieland held leather puppet show performed by puppeteer Ki Adimulyo with the story of “Vishnu Tumurun”. The show was attended by Indonesia Movieland Director Dr. Titus Leber and more than 500 enthusiastic audiences.

Campursari performance opened the show. Ki Adimulyo admitted that he like the leather puppets since his childhood.

Dr. Titus Leber symbolically gave the wayang kulit to Ki Adimulyo. The President High School students joined the show by singing March of SMA President and “Hari Kemerdekaan”.

TPP/Heros Barasakti

A total of 40 booths from var-ious companies participate the CIE 2013. Among others, Citra Harapan Jaya, Kyoceran Elgi, Gewin, Chunpao Steel Indone-sia, Wanners Pump Ltd, Demag, Artha Jaya Engineering, Spek-tris, TNT Express, Momentous, Sukses Unggul Sejahtera, Ber-kat Safety, Permai Jewelry, Hol-cim Indonesia, Daido SP Indone-sia, Sheneider, etc.

CIE in 2013 also participat-ed by company engaged in the field of equipment and servic-es provider for the industry (En-ergy, Construction, IT, Environ-ment, Bio Fuel, and Security & Safety Services) to connect the local and international suppliers and contractors of manufactur-ing, engineering services & sub-contracting industry and project contractor for their latest innova-tive features to serve the needs of local industry in Bekasi, Cibi-tung, Cikarang, Karawang and Cikampek.

Wealth Expo (WE) 2013 held at Kota Kasablanka, Jakarta, on 13-14 September 2013. WE were attended by international speak-ers, among others, Chris Gard-ner, a speaker who inspired the movie “The Pursuit of Happi-ness” in America. In addition to Gardner, WE were also attend-ed by Adam Khoo, Merry Riana, Han Budiyono, James Gwee, and Moh. Ismail.

Han Budiyono emphasized the importance of learning the business. According to him, so many businessmen are forcing themselves to build their busi-ness empires but did not have a mentor. Though the price to be paid far more expensive than in-vesting on a coach.

“Which one is more expensive, a good education to improve the

quality of the mind set and skill in business or downsize to avoid investing money on education but has risk of lacking of busi-ness skill development?” said coach Han in front of over 3000 participants at Wealth Expo.

He added that, employers who do not want to invest in educa-tion will cost far greater. The costs they will spend are the lack of skills to manage employ-ees, lack of strategies for coping business competitors, having so many blank spots until no lon-ger able to face problems.

“Financial success is not only due to luck or hard work but there is the knowledge and competence that supported by learning system. Every success-ful businessman is a successful learner,” conclude Han.

The Event for Financial Masters to Sharethe Financial Success Secrets

TPP/Heros Barasakti

According to coach Han Budiyono, the success of a business depends on the quality of the business owners.

The enthusiasm of the Wealth Expo 2013 audience.

Hydra-Cell, one of the manufacturer of pumps. Elgi launched the Forklift variant.

Head of Industry, Trade, SMEs Bekasi, Wiwik Kadarwiyati.

TPP/Heros Barasakti

Kadin Chairman of Bekasi district, Obing Fachrudin, “CIE should be a regular agenda within the industrial area in Bekasi.”

In the next 10 years, the need for personnel in ex-ecutive and manager lev-els in Indonesia will in-crease significantly. In an

discussion held at the Financial Club Jakarta, Pri Notowidigdo, Managing Partner Amrop Indo-nesia, said that in 2021 the need for managers and executives in Indonesia will increase by 33%, making up 45% of all profes-sions in indonesia.

Therefore, the role of a head-hunter will be more significant. A headhunter hired by a compa-ny can give an objective assess-ment of the best candidate.

For the candidates, a head-hunter can give feedback about the candidates themselves pro-fessionally and recommend what kind of contributions they can make for the company.

Pri said, “Say yes when a headhunter calls!”.

Pri said usually a headhunt-er is looks for candidates that

have certain qualities, among others, experience in relevant field, leadership, strategic think-ing, and the ability to lead peo-ple. Besides, there are also char-acter, attitude, communication, knowledge, skills, needs, inter-est, and achievement.

Pri said that in the era of glo-balization, the labour market experiences significant changes. According to him, there are sev-eral factors that have made the labour market more complex.

For instance, young labours that want a meaningful job but want have professional freedom, higher rewards, and flexibli-ty. Then, there is a global com-petition where there are foreign workers in foreign and domestic markets that produce a multi-cultural work environment.

Besides that there is also great technology development that re-quires worker to follow and not to be outdated. “So ‘gaptek’ peo-ple will be hard to compete,” Pri said. These are the things that

Say Yes When a Headhunter Calls

make the labour competition tighter.

To be a leader and have a strong workforce, Pri gave some tips. First, identify yourself. Be honest with yourself, specify the important things in life, decide which way you and the team will take the company, and be proac-tive. Second, “attend” wherever you are. Give 100% attention to your audience, do not be divert-ed by handphones. Third, be a part of the community.

“By transforming people ar-round us, we will also be trans-formed,” he said.

Fourth, attempt to achieve Level 5 Leadership which is per-sonal humility and profession-al will.

“Also we have to remember that everything is not always about fame, fortune, praise, or strength, but to build, create, and give something that is more everlasting than ourselves,” he concluded.

TPP/Rians Rivco

PRESMUN 2013 was attended by students across the Asia-Pacif-ic region from six in-ternational univer-

sities, 14 national universities and three high schools.

Rector of President University Dr. Chandra Setiawan said this year’s PresUniv MUN was better compared to the previous year. This can be seen from the par-ticipants, as this year there were many students from foreign uni-versities in the Philippines, Ma-laysia, the UK and others.

In addition, he said, in terms of President University stu-dents’ readiness, this year’s en-forcement is better because the whole event not only involved In-ternational Relations students but also across majors.

“Also external supports from sponsor or speakers were better than last year,” said Rector.

He continued, “I hope Pre-sUniv students can learn and reflect from other participants in diplomacy and event man-agement. Students could also draw lessons on how to work to-gether in a team. Then they also contribute in the development of student character as future leaders.”

Meanwhile, Head of Inter-national Relations Program Study of President University Prof Anak Agung Banyu Per-wita said that the performance of this year’s MUN has an inter-national flair compared to last year’s MUN and other MUNs held by other universities in In-donesia.

“We expect the coming year will involve more foreign par-ticipants, at least at the level of ASEAN,” he said.

He further said that in the coming years the university will

send delegations to compete at a global level of MUN such as World MUN and Harvard MUN at Harvard University, the larg-est MUN and most prestigious in the world.

“We will also make more sem-

inars and international confer-ences as we did with Teto(Taipei Economic and Trade Office). These activities will be done to provide more advantages to oth-er universities in the country,”he explained.

In addition, he said, PresUniv would give more internship op-portunities abroad as it has been done over the last two years.

“Our involvement in many in-ternational events will certain-ly enhance the ability of our stu-

dents and graduates to compete at a global level,” he concluded.

On the first day of PRESMUN, a seminar was held entitled “The Future of Asia Pacific Integra-tion” with guest speaker HE I Gede Ngurah Swajaya Agung, Indonesian Ambassador to ASE-AN, and Nabila Sabban, lectur-er of PresUniv. This seminar was presented as excellent prepara-tion materials for PRESMUN del-egates.

In the opening ceremony,

guests and attendees also en-joyed an impressive blend of ASEAN culture. Vietnamese tra-ditional dance and Saman dance of Aceh welcomed the delegates on the first day of PRESMUN.

The entire conference took place at Hotel Sahid Lippo. In the five sessions the delegates of the General Assembly (GA), the ASEAN Regional Forum (ARF) and the United Nations Securi-ty Council (UNSC) debated in-ternational issues in the areas of development and security faced

by the Asia-Pacific region, which is summarized in the theme of this year, “Improving Develop-ment, Preserving Security”.

For four days and three nights the delegates experienced intel-lectual exchange, a unique so-cial activity that was an incred-ible experience for them.

One participant of PRESMUN from Japan, Cindy, said “This is not the first time I attended MUN, but this is the best MUN I ever took part in. I thought this was not an event organized by students but by a very profes-sional event organizer.”

In line with Cindy, Visakha T, a participant from Bangla-desh studying in Australia, said that PRESMUN this time was more remarkable than before. Visakha said, “It was an amaz-ing experience that I got. I made friends with people who are fun to be with and we learn much from each other.”

On 22 September 2013, Pres-ident International Model UN 2013, sponsored by Pertamina, Telkomsel, Marumo and DIK-TI, was officially closed by Secre-tary-General of PRESMUN Putu Ayu M. Amanda Pratama.

PRESIDENT MODEL UNITED NATIONS 2013

The Arena of Diplomacy forStudents in Global Level

PRESMUN 2013 was attended by students across the Asia-Pacific region from six international universities, 14 national universities and three high schools.

TPP/Rachmat W. Suryo

Pri Notowidigdo, Managing Partner Amrop Indonesia

In 2021 the need for managers and executives in Indonesia will increase by 33%, making up 45% of all professions in indonesia. Therefore, the role of a headhunter will be more significant. A headhunter hired by a company can give an objective assessment of the best candidate.

Rector of President University Dr. Chandra Setiawan.

Head of International Relations Program Study of President University Prof Anak Agung Banyu Perwita

President Model United Nations (PRESMUN) 2013, a collaborative event between President Model United Nations (PresUnivMUN) and President University Major Association of International Relations (PUMA-IR), was opened on Thursday (19/9) at the Ballroom of President University, Cikarang.

Indah Budiana from CIMB Niaga asked about how to manage the company as well as running the household.

The participants look enthusiast about the Breakfast Dialogue event which held at the Financial Club.

B7

Events Reviewwww.thepresidentpost.com October 2013 Vol. 2 No. 10

ONE FC Eclipsing Its Competitors in Asia

ONE FC’s reach has extended far and beyond, it has made media appearances in CNN and the New

York Times. ONE FC CEO Victor Cui has

made speaking appearances all across the world, and its top fighters like Bibiano Fernandes and Shinya Aoki are universal-ly recognized.

ONE FC continues to push boundaries and sell out are-nas in countries where combat sports is traditionally not popu-lar.

ONE FC is fiercely focused on Indonesia, it impressed the packed crowd in attendance at Istora Senayan for ONE FC: CHAMPIONS & WARRIORS. Fans were treated to a night of exhilarating action, culminat-ing in a clash of two of the best strikers in the Lightweight divi-sion, KotetsuBoku and Vuyisile-Colossa.

CEO of ONE Fighting Cham-pionship Victor Cui stated, “ONE FC put on another night of ex-

citing world class MMA action that captivated the Indonesian audience and millions of view-ers around the world. Local he-roes emerged while internation-al stars staked their claims for a title opportunity with impres-sive finishes. ONE FC: CHAMPI-ONS & WARRIORS proved to be a resounding success and ONE FC will be back in Indonesia very soon.”

Since ONE FC’s inception two years ago, the Mixed Mar-tial Arts (MMA) circuit in Indo-nesia has been growing at an ex-ponential rate, with a new MMA gym in almost every district.

Much like how the UFC has monopolized the mixed martial arts industry in the west, ONE FC has done the same in Asia and the argument can even be made that they have surpassed the UFC’s accomplishment con-sidering the speed at which the industry has grown in the re-gion. With many more events lined up for the end of the year, ONE FC will be looking to go out with a bang.

ONE FC, the largest mixed martial arts organization in Asia, has secured a stranglehold in the mixed martial arts scene in Asia.

SINCE ONE FC’S INCEPTION TWO YEARS AGO, THE MIXED MARTIAL ARTS (MMA) CIRCUIT IN INDONESIA HAS BEEN GROWING AT AN

EXPONENTIAL RATE, WITH A NEW MMA GYM IN ALMOST EVERY DISTRICT.

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Events Reviewwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

www.thepresidentpost.com

October 2013Vol 2. No. 10

SECTION C

The President Post

Special Report

As soon as he gained the number one po-sition in Garuda, he closed some routes and downsized the

Garuda fleet. He was considered shrinking the company. But Emirsyah was not doing that without any reason. He said that closing some unprofitable routes was aimed to stop losses.

The decision to close loss-making routes is one of the re-quirements he made before ac-cepting the post in 2005. He also asked the government to no lon-ger demand Garuda to fly un-profitable routes.

Slowly but surely, the man who was born in Jakarta June 28, 1959, began to run revital-ization programs. A program called ‘Quantum Leap’ was pre-pared, and he began to increase the number of new aircrafts in Garuda to improve its servic-es. The Quantum Leap program comprises adding new routes and increasing frequency of flights, coupled with adding new aircrafts as well as running effi-ciency programs and improving utilization of assets.

Each year, Garuda contin-ues to bring in new planes. This year, Garuda Indonesia will re-ceive 24 new aircrafts, consist-ing of three Airbus A330, 10 Boeing 737-800NG, seven Bom-bardier CRJ1000 NextGen and four Boeing 777-300ER. The last mentioned arrived in June and October 2013 to serve long haul routes, including Jakarta-Jed-dah and Sydney-Jakarta-Lon-don. Up to 2015, Garuda plans to have as many as 194 units, comprising 144 units for Garuda and 50 units for Citilink.

Emir also emphasized his de-sire to make Garuda Indone-sia a five-star airline. According to him, among 238 airlines in the world today, only 23 airlines are categorized as four-star by Skytrax, while only six are cat-egorized as five-star airline. He wants Garuda to be a five-star airline in 2015.

To restore the image as the number one full-service airline, he is running a branding strat-egy to create a new services cul-ture in Garuda based on the val-ue of hospitality and traditions of Indonesia. He wants passengers

Emirsyah Satar, President Director of PT Garuda Indonesia Tbk.

A Quantum Leap Behinda World Class Airline

of Garuda to feel the warmth of Indonesian hospitality when they are in the aircraft of Gar-uda Indonesia. Earlier, Emir felt that the service of Garuda has no distinctiveness or uniqueness compared to other airlines.

Through ‘The Garuda Indo-

Emirsyah Satar changed Garuda Indonesia from an airline company with a huge debt into one offering world-class services.

nesia Experience’ program, pas-sengers will feel the warmth of Indonesian hospitality followed by quality services in the cab-in, supported by safety and com-fort.

“It’s a holistic approach, to make every flight special and always remembered by passen-gers. And this will be reflect-ed during the entire journey, from check-in up to in-flight, on-board service, also to the food provided,” said Emir.

In terms of financial perfor-mance, PT Garuda Indonesia Tbk. in fiscal year 2012 managed to post a profit increase of 100% over the previous year. Garuda Indonesia’s consolidated income was $145.4 million for the period of January to December 2012 or an increase of 100% compared to $72.7 million in 2011.

The increase in income oc-curred as the operating income also went up 12.1 % from $3.09 billion in 2011 to $3.47 billion in 2012 while net profit was $110.8 million in 2012, up 72.6% com-pared to $64.2 million in 2011. The operating profit increased 82% from $92.3 million in 2011 to $168.1 million in 2012.

PT Telekomunikasi In-donesia Tbk. (Telkom) introduced a new company logo on In-dependence Day, 17

August 2013, and new servic-es. Telkom’s logo reflects a com-mitment to provide the best for the people of Indonesia. The new logo features colors and inte-grates the four basic aspects of the company, namely business transformation, infrastructure, systems and operating models as well as human resources.

The colors of Telkom’s new logo is red (symbol of courage, love, energy, perseverance), a re-flection of the spirit of Telkom to always be optimistic and coura-geous in facing challenges and competitors. White (pure, peace-ful, light, united) reflects the spirit of Telkom to provide the best for the nation while black symbolizes strong willpower,

and gray reflects technological transition.

In addition, Telkom intro-duced Mahakarya Telkom Indo-nesia, Telkomsel, Indonesia Dig-ital Network and international expansion.

This year, Telkomsel plans to continue with innovation and contribution to Indonesia. Telkomsel presents Mahakarya for Indonesia, namely “Mobile Grapari for Indonesia”, “Broad-band City of Indonesia” and “Lo-cal Application as Host at Home”. Through Mahakarya, Telkom-sel wants to provide the range of services covering all corners of Indonesia from Sabang to Mer-auke and to support the eco-nomic development of Indonesia and the regions.

In order to support govern-ment programs, Telkom Indo-

Arief Yahya, President Director of PT Telkom Tbk.

The New Spirit of Telkom Indonesia

nesia launched Mahakarya Dig-ital Network, a breakthrough connectivity to build a better life and increase national produc-tivity. Indonesia Digital Network (IDN) is a vision of true broad-band development infrastruc-ture of Telkom. IDN consists of three main components, namely Ring ID, ID Access, and ID Con-vergence.

Ring ID is the infrastructure development of transport net-work towards IP-based and Op-tical Backbone Network. The ini-tiatives of Ring ID can be seen from the contribution of Telkom on the Palapa Ring project of the government to connect the whole backbone network based on optical fiber. ID Access is the development of network infra-structure access to High Speed Broadband Access via optical fi-ber networks and WiFi. Through ID Access, Telkom is commit-

In addition to the launching of the new logo, with the spirit of Independence on August 17, Telkom introduced Mahakarya Telkom Indonesia, including Telkomsel, Indonesia Digital Network and international expansion.

ted to support MP3EI by pro-viding 15 million broadband ac-cesses to home and one million WiFi access. Meanwhile, ID Con-vergence is the development of network infrastructure of ser-vice node to integrate NGN (Next Generation Network) for multi-screen and multi-service.

The next Mahakarya Telkom project is international expan-sion. Through the vision of the company, Telkom has declared itself to become a major player in Telecommunications, Infor-mation, Media, Edutainment & Services (TIMES) industry at re-gional level. Thus, Telkom seeks to bring Indonesia on a par with other countries through inter-national expansion. Telkom has expanded its business and op-erates to four countries, name-ly Singapore, Hong Kong, East Timor and Australia.

MII

Arief Yahya, President Director of PT Telkom Tbk.

It’s a holistic approach, to make every flight special and always remembered by passengers. And this will be reflected during the entire journey, from check-in up to in-flight, on-board service, also to the food provided,”

Emir emphasized his desire to make Garuda Indonesia a five-star airline. According to him, among 238 airlines in the world today, only 23 airlines are categorized as four-star by Skytrax, while only six are categorized as five-star airline. He wants Garuda to be a five-star airline in 2015.

A Portrait of CEOs of State-owned Enterprises

Indonesian Industry Magazine reviewed a number of successful CEOs who have tire-lessly improved the

performance of SOEs. They are expected to serve as models for other CEOs of SOEs which are plagued by classic issues such as the poor financial performance

to conservative culture.A number of parameters were

used, including the financial performance of the companies they lead and also the ability of companies in yielding dividends to the state treasury. The com-panies must also have an impor-tant role in driving the economy.

Indonesian Industry Maga-zine specified a number of pa-

rameters for the ranks of The Most Influential CEOs of SOEs. The first is high leadership skill and courage to break estab-lished culture. Furthermore, they must have the ability to innovate. Finally, nine names emerged as The Most Influen-tial CEOs of State Owned En-terprises by Indonesian Indus-try Magazine.

Managing and leading state-owned enterprises (SOEs) is not an easy task due to the employees’ passive work culture and bureaucratic mindset as well as lack of funds from shareholders, in this case the government. All are obstacles for chief executive officers of SOEs to remove swiftly in order to deal with competitors. But for certain people, those conditions are not barriers to expand SOEs

MII

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Special Reportwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

The economic slowdown in Europe and the pressure in the United States to limit carbon emissions from coal

last year brought down the com-modity’s price to its lowest level since 2009.

Moreover, the prospect of Chi-na’s economic growth as the largest coal consumer level is ex-pected continue to slow down, further depressing the price of coal. China has even began to set the calorie limit of coal that may be used by local companies. This situation is certainly a ma-jor challenge for companies en-gaged in coal mining such as PT Bukit Asam Tbk.

Fortunately, the fast pace was decided by Milawarma, Presi-dent Director of PTBA, who im-mediately reoriented the export of coal with a focus on target-ing new users, namely Vietnam and Myanmar, while still serv-ing regular customers as Taiwan and India.

Milawarma said that the ter-mination request by China is for low-grade coal. It is related to the use of environmental-friend-

ly commodities as the global coal market has now changed. Even so, there are still numerous emerging potential markets out-side of China, such as Vietnam, Myanmar, India and Taiwan.

“We have no problem since Bukit Asam is selling coal with 5,000 kcal,” he said. Meanwhile, low-grade coal with 4,800 kcal- 4900 kcal is still channeled to the domestic market.

Milawarma, President Director of PT Bukit Asam Tbk.

Diversification of Coal Export MarketIn Myanmar, the compa-

ny is expected to participate as the provider for a power plant project with a capaci-ty of 2x100 MW and 2x200 MW developed by the local government. The company also hopes to participate in the construction of the pow-er plant in cooperation with a local company.

Furthermore, in the first half of this year the compa-ny managed to sell 8.8 mil-lion tons of coal, up 20% over the same period last year. The company’s coal production in the first half of this year is 8.21 million tons.

This year, the company is targeting a production of 22.68 million, an increase of 35% from last year’s pro-duction. The management projected that the financial performance of PTBA will improve by the end of this year, supported by the cur-rent operation of the coal railway company developed by Bukit Asam.

The weakening market in China forced Milawarna to immediately diversify the company’s export markets of coal to other potential countries.

In the first half of this year the company

managed to sell 8.8 million tons of coal,

up 20% over the same period last

year. The company’s coal production in the first half of this year is 8.21 million

tons.

MII

Milawarma, President Director of PTBA, reoriented the export of coal with a focus on targeting new users, namely Vietnam and Myanmar, while still serving regular customers as Taiwan and India. This year, the company is targeting a production of 22.68 million, an increase of 35% from last year’s production.

One of the most signif-icant performances of this state-owned enterprise is its move to get into the up-

stream business of oil and gas. PGN, through its subsidiary PT Saka Energi Indonesia (SEI), has signed an agreement for partic-ipation in two Block Production Sharing Contact (PSC) in the country. The first is in Ketapang Block PSC, East Java, with 20% of Sierra Oil Services Tbk., which is operated by Petronas Cariga-li, and the second participation is Block Bangkanai.

Based on information from the management, Ketapang PSC block is estimated to have re-serves of 84 million barrels of oil (84MMBOE). Production is ex-pected to begin in 2014 and at its peak will produce 25,000 bar-rels per day and gas at 50 mil-lion cubic feet per day. PGN and SEI are still looking for other op-portunities in the upstream oil and gas businesses.

Hendi Prio Santoso said SEI’s action is the first time for PGN to go in the upstream business of oil and gas. He also confirmed to continue seeking opportunities in the upstream sector by own-ership participation in oil and gas field potentials to strengthen the portfolio of business energy.

Moreover, its seriousness is also indicated by PT Saka Energi Indonesia, which on June 21 ac-quired Kufpec Indonesia, holder of a 25% interest in Block Ujung Pangkah PSC with a transaction value of $265 million. The sign-ing of the acquisition was made in the Netherlands by buying all the shares owned by Kuwait Foreign Petroleum Exploration Company KSC in Kufpec Pang-kah.

Under Hendy’s manage-ment, PGN shares cash divi-dend amounted to Rp 4.9 trillion or 58.79% of net income in fiscal year 2012, equivalent to Rp 8.86 trillion.

The dividend of Rp 202.77 per

Hendi Prio Santoso, PT Perusahaan Gas Negara Tbk.

Going Upstream in Oil and Gas

share is an increase of 50.62% from 2011 valued at Rp 134.62 per share. As the largest share-holder, the government gets a dividend payment of Rp 2.8 tril-

PT Perusahaan Gas Negara (PGN) now has a different face under Hendi Prio Santoso, an alumnus of University of Houston, Texas, United States. It is now entering the upstream oil and gas business.

lion. The amount increased com-pared to 2011 valued at Rp 1.86 trillion.

In 2012 PGN’s revenue was $2.57 billion, up 16% com-pared to 2011 of $2.23 billion. The company’s operating profit grew 13% from $898 million to $1.02 billion while net profit in 2012 amounted to $891 million, an increase from $681 million in 2011. The average selling price of PGN’s gas in 2012 amounted to $8.54 per MMBTU.

The company also remains committed to improve the uti-lization of natural gas in the country, one of them is to devel-op a distribution network in Cen-tral Java. In total, the network will stretch along more than 350 km with 16-inch diameter pipes. The construction of natural gas pipelines will be implemented in three stages in different regions. The first phase will begin in Se-marang and surrounding areas along more than 45 miles and is targeted for completion in 2015.

In 2012 PGN’s revenue was $2.57 billion, up

16% compared to 2011 of $2.23 billion. The

company’s operating profit grew 13% from $898 million to $1.02

billion while net profit in 2012 amounted to $891 million, an increase from $681

million in 2011.

Hendi Prio Santoso confirmed to continue seeking opportunities in the upstream sector by ownership participation in oil and gas field potentials to strengthen the portfolio of business energy. Under Hendy’s management, PGN shares cash dividend amounted to Rp 4.9 trillion or 58.79% of net income in fiscal year 2012, equivalent to Rp 8.86 trillion.

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C3

Special Reportwww.thepresidentpost.com October 2013 Vol. 2 No. 10

In the hands of Sofyan Ba-sir, BRI has been trans-formed into a modern bank without losing its core busi-ness as a financial institu-

tion for micro and rural credits. With a powerful network in re-mote areas, BRI became a mas-sive financial entity, and is ready to compete with other commer-cial banks.

Sofyan began to create a net-work of branch offices in the countryside after all units can be connected through online in-formation technology. He real-ized that the banking industry cannot be separated from tech-nology. Thus he equipped all BRI network with information tech-

nology. He also multiplied the access of BRI ATM network in many locations, both in rural to the urban areas.

Within five years, with ade-quate technology, BRI continu-ally provides improved service to customers. For instance, BRI ATMs, which initially only had 30 feature options, grew into 124 features. This ATM service is al-ready comparable with other fea-tures provided by other private banks.

The number of BRI ATMs has increased significantly, from 3,778 in 2009 to 14,292 by the end of 2012, making BRI with the largest ATM network in In-donesia.

Sofyan Basir, President Director of PT Bank Rakyat Indonesia Tbk.

Transforming BRI into a Modern Bank

The increasing number of ATM is followed by increased transac-tions, both in number and nom-inal terms. BRI ATM transac-tions quintupled in 2009-2012, from approximately 144.2 mil-lion transactions in 2009 to 789.2 million transactions at the end of 2012.

Nominally, there was a sig-nificant increase, from Rp 71.6 trillion in 2009 to Rp 429.2 tril-lion at the end of 2012, or about a six-fold increase. SMS bank-ing services also has increased; the number of users in 2009 was only 244 thousand users, rising to 3.4 million by the end of 2012.

BRI’s financial performance

About a decade ago, PT Bank Rakyat Indonesia Tbk may still be looked down as a village bank that mostly operated in remote areas. But now, under the leadership of Sofyan Basir, BRI has been transformed as a large bank ready to compete with other commercial banks.

continues to show an upward trend. Until the end of December 2012, BRI reported a net profit of Rp 18.5 trillion, an increase of 22.79% compared to 2011.

The management explained that profit earnings is the tangi-ble result of the business trans-formation, which provides a stronger focus on the SMEs seg-ment by maintaining pruden-tial banking policy, expanding the network unit and e-channels and e-banking as well as other IT-based products and services.

In the first half of 2013, the company reported a net prof-it of Rp 10.012 trillion, up 16.3 % from the same period in 2012 (Rp 8.61 trillion).

Dwi Soetjipto is the figure behind the formation of a strategic holding company, PT Semen Indonesia. Since the last few years, he has at-tempted to intensify the for-mation of a strategic hold-ing company which ensures a better implementation of synergies in all operational aspects of the company un-der a group of companies.

The company is able to optimize its potentials and competence in the field of operations, production and especially in marketing. It would be combined into a better form to give optimum performance.

The momentum final-ly came on 20 December, 2012, at the Extraordinary General Meeting of Share-holders (RUPSLB), when the company officially changed the name of PT Semen Gresik Tbk. into PT Semen Indonesia Tbk. The name change basically complet-ed the first step of an effort to realize the formation of a strategic holding group tar-geted to synergize all oper-ations.

Previously, the compa-ny also set a milestone: it no longer is a major player in the domestic market as it also began to spread their

operartions to other countries. It is characterized by the final transaction of the acquisition of 70% shares of Thang Long Ce-ment, a leading cement compa-ny in Vietnam with a production capacity of 2.3 million tons per year.

The acquisition of Thang Long Cement Company also made the company the first state-owned multinational corporation. The company has established its po-sition as the largest cement pro-ducer in Southeast Asia with a

Dwi Soetjipto, President Director of PT Semen Indonesia Tbk.

The First Multinational SOEThe desire to be a SOE that not only is a domestic powerhouse does not seem to be a big problem for PT Semen Indonesia. Under the leadership of Dwi Soetjipto, PT Semen Indonesia is now a global player.

strong despite tight compe-tition of the industry.

In the first half 2013, the company’s EBITDA reached Rp 3.83 trillion, passing the target of Rp 3.73 trillion. Soetjipto said its net prof-it by the end of June 2013 reached Rp 2.59 trillion, or 11% above the company’s budget. The financial per-formance, the volume of sales, production and mar-ket share also show an up-ward trend.

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Sofyan began to create a network of branch offices in the countryside after all units can be connected through online information technology. He realized that the banking industry cannot be separated from technology.

Based on Law No. 24/2011 on Social Se-curity Agency (BPJS Law), which was passed

on 25 November 2011, PT Jam-sostek will be transformed into BPJS Employment. Further-more, PT Jamsostek will be dis-solved without a liquidation pro-cess when BPJS starts to operate on 1 January 2014.

According to the BPJS Law, BPJS Employment starts oper-ating no later than 1 July 2015, which is to organize several pro-grams of work accident insur-ance, old age insurance, pension, and death benefits for members.

Serious tasks are now per-formed by Elvyn G. Masassya as President Director of PT Jam-sostek. He immediately set up six pillars of programs to sup-port the implementation and transformation of Jamsostek into a world-class BPJS.

The selected program is aimed to increase active membership to 15.2 million. The company is also targeting the management of Rp 181 trillion, with an invest-ment fund of Rp 15.9 trillion. The next program, said Masasya, is providing excellent service to op-timize the core and additional benefits.

“Additional benefits include housing, health care and ease of transport benefits,” he said.

The next pillar is forming in-tegrated communications to all stakeholders, including the use of media and social media for in-formation dissemination. This pillar will be realized prior to 1 July 2015.

Another effort is to increase the use of multi-purpose smart card social security participa-tion and human resource devel-opment and strengthening good governance. This pillar could be pursued after 1 July 2015.

The performance of PT Jam-sostek in the first semester of 2013 is fairly wellas it has ex-ceeded targets. The company’s profit has reached Rp 1.6 trillion, or 77% of the company’s budget (RKAP) target at Rp 2.1 trillion. When comparing with the same

period last year, it increased by 195%. However, the total pre-mium revenue only reached Rp 12.3 trillion, slightly below the target of RKAP, or 45% of Rp 24.8 trillion.

The company’s assets also continued to increase, up to Rp 148.9 trillion, or 94.9 % of the RKAP target in 2013 of Rp 156.8 trillion. In terms of investment, as of June 30 it has reached Rp 143.6 trillion or equal to 96% of the total set at RKAP in 2013 amounting to Rp 149.1 trillion.

Membership numbers are also increasing. As of June 30, 2013, membership of TK, JKK, JHT and JK grew by 11% compared to the same period in the previ-ous year. The company has set a target of participation of 37 mil-lion members in 2017.

Elvyn G Masassya,President Director of PT Jamsostek

Preparing the Social Security Agency (BPJS)

capacity of to 28.5 million tons per year.

Although beset by the eco-nomic crisis, Semen Indone-sia’s sales has been satisfacto-ry: 7,491 million tons by the end of July above the target of 7,324 million tons.

The sales in the first half of 2013 went well. Additional ca-pacity from the Tuban IV and To-nasa V plants were able to boost the company’s market share from 39% to 44%. In East Java, Semen Gresik was particularly

Since the last few years, Dwi Soetjipto has attempted to intensify the formation of a strategic holding company which ensures a better implementation of synergies in all operational aspects of the company under a group of companies.

MII PT Jamsostek currently has a large project to transform itself into the Social Security Agency (BPJS). Six pillar programs were prepared for a smooth transformation.

C4

Special Reportwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

President Director of PT KAI Ignatius Jonan is very proud of his achievements and be-lieves that the two new

milestones will bring KAI into the next phase: to be more mod-ern, more adaptable in trends, and improved services.

Since joining KAI, Jonan al-ways dreamed of having com-muter services that consist of one class only. After struggling with the idea for almost three years, his dream has now final-ly come true.

Jonan first changed the com-pany’s mindset from product-oriented to customer-oriented by applying IT in services, business, finance and HR. IT in public and commercial services means transparency in ticket purchas-ing even outside railway sta-tions, namely Reservation and Purchasing Online Ticketing via

internet banking and Contact Center, Cooperation with Bank BNI, BCA. Also, to issue prepaid cards to purchase tickets in co-operation with PT Telkom by de-veloping a synergy on ticket pur-chasing using Vending Machine (Rail Box), and in cooperation with the Post Office and mini-

Ignatius Jonan, President Director of PT Kereta Api Indonesia

The Man with the Midas Touch

markets like Indomart and Alfa-mart to have POS (Point of Sales) in ticket reservations and sales.

Such innovations make it eas-ier for users to get train tickets anytime and anywhere. In addi-tion, the expansion of ticket sales channels through sales agents also provides employment for train ticket seller agents.

In the first year of his leader-ship, the changes are evident: Gambir station now appears more comfortable and clean as it is now freed from serving the Jabodetabek Commuter trains. The station only serves execu-tives long-distance trains. The existence of an official taxi op-erator in the station also offers convenience to users. What’s more amazing is that PT Kere-ta Api Indonesia is a successful business entity: its income has increased from Rp 3 trillion to Rp 7 trillion.

After more than three years of preparation, in 2013, PT Kereta Api Indonesia (KAI) created two new milestones in the Indonesian railway transportation business: all trains (KRL) now use AC, and the first airport train in Indonesia at Kualanamu airport.

Jonan first changed the company’s mindset from

product-oriented to customer-oriented by applying IT in

services, business, finance and HR.

Since joining KAI, Jonan always dreamed of having commuter services that consist of one class only. After struggling with the idea for almost three years, his dream has now finally come true.

MII

For decades, this coun-try’s businessmen al-ways complain about the poor condition of national ports. The

chaotic conditions in the ports have an impact on the cost of lo-gistics. Moreover, it is even get-ting worse if we talk about is-sues on the bureaucracy, slow response, high rates and so on. The condition is often cited as the reason behind our low busi-ness competitiveness. In addi-tion, lack of port infrastructure has made PT Pelindo lose reve-nue because most of the flow of goods to the port goes to Singa-pore or Malaysia.

The high cost of logistics in this country prevents many In-donesian products to compete well with foreign products. In addition, the goods distributed in Indonesia are manufactured overseas, such as in China, since the logistics costs there are low-er. The high logistics cost to be borne by the business commu-nity could hamper investments.

Those conditions have made President Director of Pelin-do II RJ Lino determined in en-abling 12 ports under Pelindo II to be the customers’ choice with world-class service quality. Lino is committed to begin improve-ments in infrastructure, utilizing high-tech in every port system and implementation of services program for 24 hours a day.

To give a new energy in the management of the port, on 22 February 2012, Pelindo II un-veiled a new identity and was transformed into IPC (Indone-sia Port Corporation). IPC was established as a provider of port services in Indonesia that is effi-cient and modern in various as-pects of its operations in order to achieve the goal of becoming a world class port operator.

Under the leadership of Lino, Pelindo II is working to be more effective and more efficient in serving the needs of users. His commitment is to give optimal contribution to the creation of a reasonable structure in logistics costs, which in turn will enable companies to bring down the price of goods. The impact is that it will raise economic growth in Indonesia.

The improvement of services and infrastructure and super-structure facilities at Tanjung Priok port continues to be driven in line with the vision of Tanjung Priok port to be able to compete in the modern global level. The synergy of all stakeholders in the port to increase the level of ser-vice and productivity boosted the confidence of international ship-ping operators to use the facili-ties of Tanjung Priok port. Now, Tanjung Priok is ready and able to accept the arrival of the trans-continental big container with a capacity of over 4,000 TEUs.

The company continues to maximize the capacity of port services with the addition of loading and unloading equip-ment with modern technology. Not less than Rp 800 billion was invested in 2011 for the procure-ment of equipment to accelerate loading and unloading time, to increase productivity and im-prove services at the port.

Meanwhile, in the field of hu-man resources, all employees are given equal opportunity to obtain education and training, both formal and informal, at home and abroad.

Lino’s breakthrough has reaped results. In March 2013, President Susilo Bambang Yud-hoyono inaugurated the proj-ect of Kalibaru Terminal or New Priok in Nusantara Pura II Pas-senger Terminal. The project requires an investment up to $2.47 billion or Rp 22.66 trillion in the first phase of construc-tion. The total investment for the entire terminal is $4 billion. Later, New Priok can accommo-date EEE-class ships. Which are ships with a capacity of up to 18,000 TEUs. This allows a reduction in the cost per unit of container, and will make logis-tics cost low. The new terminal will also allow direct container ships entering Indonesia with-out transshipment activities in other countries.

Richard Joost Lino,President Director of PT Pelindo II

Making IPC aWorld-class PortDirector of Pelindo II, RJ Lino is determined that 12 ports under Pelindo II a customers’ choice with world-class service quality.

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President Director of Pelindo II RJ Lino determined in enabling 12 ports under Pelindo II to be the customers’ choice with world-class service quality.

C5

Livingwww.thepresidentpost.com October 2013 Vol. 2 No. 10

Denmark, Norway, Switzerland, the Netherlands and Sweden are the world’s happiest

countries, according to the sur-vey of 156 countries. Rwanda, Burundi, the Central African Republic, Benin and Togo -- all nations in Sub-Saharan Afri-ca -- are the least satisfied with their lives, the report said.

The United States came in at number 17 in the world in terms of overall happiness, but it still lags behind Canada (6), Aus-tralia (10), Israel (11) the United Arab Emirates (14) and Mexico (16), according to the Earth Insti-tute. The report ranks the Unit-ed Kingdom as the 22nd happi-est country in the world. Other major nations included Germa-ny (26), Japan (43), Russia (68) and China (93).

Life’s ups and downsThe global survey was con-

ducted between 2010 and 2012 and follows the Earth Institute’s first rankings released last year. While “the world has become a slightly happier and more gen-erous place over the past five

years,” economic and politi-cal upheavals have resulted in greatly reduced levels of well be-ing for some nations, the report said.

Rankings for Greece, Italy, Portugal and Spain fell dramat-ically because of the impact of the eurozone crisis, while Egypt, Myanmar and Saudi Arabia reg-istered large falls in the wake of recent political and civil turmoil.

Egypt had the greatest fall in happiness levels. On a scale of 1 to 10 -- with 10 rated as happiest -- Egypt averaged 4.3 in 2012, compared to 5.4 in 2007.

“We expect, and find, that these losses are far greater than would follow simply from lower incomes,” the report said, not-ing that the greatest single fac-tor reducing happiness levels in these countries was a reduction in people’s perceived “freedom to make key life choices.”

Angola, Zimbabwe and Alba-nia experienced the largest in-creases across all the countries surveyed. “On a regional basis, by far the largest gains in life evaluations in terms of the prev-alence and size of the increases have been in Latin America and

World’s Happiest Nations Are...

port said. “But in any particular society, chronic mental illness is a highly influential cause of mis-ery.

Gross National Happiness

The 2013 World Happiness Report comes on the back of a growing global movement calling for governments and policy mak-ers to reduce their emphasis on achieving economic growth and focus on policies that can im-prove people’s overall well-being.

An idea first proposed in 1972 by Bhutan’s former King Jigme Singye Wangchuck, the concept

In decades past, if someone mentioned the word “fitness,” he or she was probably talking about calisthenic routines per-formed in a spandex body suit. Today, the term “fitness” is as likely to encompass the body as it is the mind.

More than simply memory, “brain fitness” refers to a diverse suite of cognitive functions, in-cluding attention, working mem-ory, perception, decision-making and emotional regulation, says Dr. Adam Gazzaley, a neurosci-entist at UC San Francisco.

“The field of brain fitness is built on the underlying concept of brain plasticity — the idea that the brain can modify or shape it-self,” he says. Scientists used to believe that the brain developed only during childhood and that the brain’s structure was “set” once a person reached adult-hood, after which it began an inevitable mental decline. But new insights reveal that the hu-man brain can regenerate cells, forming new neural pathways throughout life.

This should come as good news to an aging generation of baby boomers, as well as to the growing number of people diag-nosed with brain disorders and learning disabilities — or any-one interested in making the most of his or her brain poten-tial. And the latest innovations in digital brain training software may help, says Alvaro Fernan-dez, chief executive of Sharp-Brains, an independent market research firm that tracks brain health applications in neurosci-ence.

“Computerized brain-training games are designed to strength-en a wide variety of brain func-tions,” he explains. “The benefit is that they are truly adaptive, offering activities that are at your level — just difficult enough to challenge your brain but not so difficult that they become stress-ful.” He adds that brain-training software is relatively inexpensive and easily individualized.

Though the brain-training software industry is new, the

field is growing. Lumosity, one of the largest such Web-based companies, had 35 million reg-istered users at the beginning of 2013. With tag lines like “You have the power to change your brain,” the program promises to improve memory, attention, pro-cessing speed and mental flexi-bility. (www.lumosity.com)

These companies all work in a similar manner: After logging in, you can sample some brain games free. Then, after paying a monthly or yearly fee, you can continue to play and track your improvement. Lumosity recom-mends that trainees use its pro-gram three to five times a week. As a player’s mastery improves, the games get tougher, much like

a standard video game. But the difference is that a brain-train-ing game is designed to improve a specific set of brain functions.

Fernandez says that the key components of any brain-train-ing program are novelty, variety and challenge — factors that en-gage more areas of the brain and stimulate new brain connec-tions. “If you’ve already [solved] 1 million crossword puzzles and you do one more, it’s routine. There will be no benefit. But if you play a new video game, it can be very beneficial to you.”

To maintain a healthy brain for life, there probably is no sin-gle regimen. Fernando suggests that people care for their brains the same way they care for their bodies: through aerobic exercise, good nutrition and stress regula-tion. Mental exercise does seem to be important for healthy brain function — though it doesn’t have to come from a computer.

“One of my main pieces of ad-vice to older adults is to step out of your comfort zone in gener-al,” says Gazzaley. “The brain re-sponds to challenge, not to com-fort. Travel to a new country, try to figure out a new currency and how not to get ripped off in the taxi. Learn a new language or new musical instrument.”

LATimes.com

Brain Fitness Can Include Playing Training Gameson Computers

of “happiness economics” has now gained traction in many countries across the world, in-cluding the UK, Germany and South Korea. The UN first en-couraged member countries to measure and use the happiness of their people to guide public policies in July 2011.

“It is important to balance eco-nomic measures of societal prog-ress with measures of subjective well-being to ensure that eco-nomic progress leads to broad improvements across life do-mains, not just greater economic capacity,” the report said. CNN

the Caribbean, and in Sub-Sa-haran Africa”, the report said. Reduced levels of corruption also contributed to the rise.

Governments seeking to im-prove the happiness of their pop-ulations should spend a higher proportion of their health bud-gets on mental illness, which is the single biggest “determinant of misery” in countries assessed, the study authors said.

“People can be unhappy for many reasons -- from poverty to unemployment to family break-down to physical illness,” the re-

Those looking for greater happiness and satisfaction in life should head to northern Europe, but steer clear of Egypt and countries worst hit by the eurozone crisis, according to the 2013 World Happiness Report released Monday by Columbia University’s Earth Institute.

Not only do they provide one of the easiest ways to naturally get your daily dose of vitamins from real fruits and veggies, but con-suming them first thing in the morning in liquid form allows your body to digest them easier. When the fruits and veggies are blended up, it takes a step away from your stomach of breaking them down and with an empty stomach the nutrients are more likely to be absorbed by your body than pass through. Try adding kale to your smooth-ie for an extra serving of leafy greens.

Smoothies also allow you to get a hefty dose of protein to start your day. Some ex-perts swear by consuming a high protein breakfast with weight loss. Additionally, if you workout in the morn-ing, a smoothie is the per-fect post exercise meal thanks to delicious tasting protein powders. My favorites are sweetened with stevia, a natural sweetener, like Jay Robb, Vega, and Perfect Fit. Combine with ½ a banana, 1 tbsp peanut but-ter, almond milk and a few ice cubs for sim-ple combina-tion.

They keep you feeling full

and energized until lunch. The volume of a smoothie is satisfy-ing and will fill up your stomach so that you are not left wanting more. For extra fiber, add a table-spoon of chia seeds or flax seeds to help you feel satiated. Try us-ing lower calorie liquids like un-sweetened almond milk at just 30 calories per cup versus skim milk which is 90 for great taste while keeping the nutrition facts in check.

Having a liquid breakfast is also beneficial for your diges-tion. When you first wake up, your stomach is still finishing di-gesting the previous days food intake. Rather than shocking it right away with a challenging meal to digest, a smoothie allows it to have a little break and finish it’s job of eliminating waste if it wasn’t already. LA Times

Why You Should Start Drinking Your BreakfastSmoothies and juices are a delicious and nutritionally satisfying way to start your day. Here are some benefits of drinking your breakfast that you might not be aware of!

allwhites.onsport.co.nz

Denmark, Norway, Switzerland, the Netherlands and Sweden are the world’s happiest countries, according to the survey of 156 countries.

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The brain responds to challenge, not to comfort. Travel to a new country, try to figure out a new currency and how not to get ripped off in the taxi. Learn a new language or new musical instrument.”

fftips.com

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Healthwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

Numerous studies have suggested that married people have better overall health than single people,

but those data likely are skewed by the fact that healthy people are more likely to have opportu-nities to marry. However, the lat-est study did not look at overall health, and instead focused on what happens to married and single people who become ill with cancer. The findings offer a glimpse into the crushing logis-tical burden that cancer treat-ments impose on patients, par-ticularly those who are single.

“When you have a spouse who is present when the patient is di-agnosed, they are an invested party and they are going to more than likely make sure the patient goes to the doctor, that they get the necessary treatments,’’ said

Married Cancer Patients Live Longer

It’s widely accepted among scientists that regular exercise transforms the brain, improv-ing the ability to remember and think. And a growing and very appealing body of science has established that exercise spurs the creation of new brain cells, a process known as neurogene-sis. But just how jogging or oth-er workouts affect the structure of the brain has remained enig-matic, with many steps in the process unexplained.

A new study published last month in Proceedings of the Na-tional Academy of Sciences may fill in one piece of the puzzle, by showing that male sex hormones surge in the brain after exercise and could be helping to remodel the mind. The research was con-ducted on young, healthy and exclusively male rats – but scien-tists believe it applies to female rats, too, as well as other mam-mals, including humans.

The decision to use only males was carefully considered. “We’ve known for a while that estrogen,” the female sex hormone, “is pro-duced in the brain” not just of fe-male animals but also, to some degree, in males, says Bruce S. McEwen, the director of the Lab-oratory of Neuroendocrinology at Rockefeller University in New York and an author of the study, which also involved scientists from the University of Tsukuba in Japan and other institutions. Estrogen has been well studied

dihydrotestosterone, or DHT, in their brains. Even the brains of rats that had been castrated sloshed with DHT.

So the exercise had prompt-ed increased production of the hormone. Most of the animals also had a plethora of new neu-rons in the hippocampus, a portion of the brain associat-ed with learning and memory. Unexpectedly, however, the an-imals in this experiment that could not use the DHT in their brains did not experience en-hanced neurogenesis. They ex-ercised just as the other ani-mals did, but their brains did not benefit in the same way.

This tells us that the uptake of DHT in the brain after exer-cise “appears to be a necessary step in achieving adult hip-pocampal neurogenesis,” Dr. McEwen says.

In essence, exercise prompts the production of more DHT. And more DHT helps to cre-ate more new brain cells. But while those findings may be salutary for men who are ac-tive and fit, or planning to be-come so, they seem potentially troubling for those of us with-out testes. If DHT is necessary for neurogenesis after exercise and women produce far less of it than men, do women gain less brain benefit from exercise than men?

“It’s unlikely,” Dr. McEwen says. One reason that ear-ly experiments into exercise and neurogenesis tended to be performed in female rats was that “in rats, females exercise more than the males,” he said. “They’ll run for hours and keep running, even when they’re old.” Elderly males, in contrast, willingly quit working out. In those experiments, neurogene-sis was plentiful in the female brains.

“It’s very probable that es-trogen plays a role” like that of DHT in the female brain af-ter exercise, Dr. McEwen says. Meanwhile, female brains also produce varying amounts of male hormones. So there may be some as-yet-undiscovered interactions between the male and female hormones in the brain that mesh after jogging to increase brain cell num-bers and improve the ability to think.

But one aspect of the new experiment is already re-soundingly clear and reassur-ing, Dr. McEwen points out. “The exercise in this experi-ment was quite mild,” he says — the equivalent of jogging at a pace at which someone could speak (or squeak) to a compan-ion. “That’s achievable for most people,” he concludes, “and the evidence suggests that it will improve brain health.” NYT

Testosterone May Alter The Brain After Exercise

Dr. Ayal A. Aizer, chief resident of the Harvard Radiation Oncolo-gy Program and the study’s first author. “We don’t think there’s something intrinsic about peo-ple who are married, but we do think it’s the support marriage is providing that makes a differ-ence.”

Researchers from several insti-tutions, including Harvard Med-ical School and the Dana-Farber Cancer Institute, analyzed near-ly 735,000 people who received a cancer diagnosis between 2004 and 2008. The study, which used data from the National Cancer Institutes Surveillance, Epidemiology and End Results (SEER) Program, focused on the 10 leading cancer killers: lung, colon, breast, pancreatic, pros-tate, liver, non-Hodgkin lympho-ma, head and neck, ovarian and esophageal cancers.

The study, published in The Journal of Clinical Oncology, found that single patients were 53 percent less likely to receive appropriate therapy than mar-ried patients. The finding sug-gests that maintaining gruel-ing chemotherapy and radiation schedules and taking medica-tion as prescribed is easier for people who have help from a spouse compared with single people who must manage the logistics of cancer treatment on their own.

Unmarried cancer patients also were 17 percent more like-ly to have late-stage cancer at the time of diagnosis, compared with married patients. That sug-gests that spouses play a role in encouraging patients to see a doctor, while single people may put off doctor visits, resulting in

a more advanced cancer by the time they finally seek a diagno-sis. Married patients were 20 percent less likely to die of their disease than single patients.

The data do not distinguish between same-sex and opposite-sex couples and don’t account for patients who are engaged or living with a partner. Because some of the people labeled as single in the study probably have a committed partner, it’s likely that the findings actually under-

Married cancer patients live longer than single people who have the disease, suggesting that logistical and emotional support from a loved one may be far more critical to cancer care than previously recognized.

huffingtonpost.co.uk

The study, published in The Journal of Clinical Oncology, found that single patients were 53 percent less likely to receive appropriate therapy than married patients. The finding suggests that maintaining grueling chemotherapy and radiation schedules and taking medication as prescribed is easier for people who have help from a spouse compared with single people who must manage the logistics of cancer treatment on their own.

and has many effects, he said, including, scientists suspect, new brain cell growth.

While both sexes produce male sex hormones, males pro-duce far more of it – mostly in the gonads but, the researchers sus-pected, also in the brain.

The only way to know for sure if the hormones were being syn-thesized in the brain would be to shut off production in the tes-tes, to guarantee that hormones from that site wouldn’t migrate to the brain. So some of the rats in the experiment were surgi-cally castrated. The rest under-went a sham operation, in which nothing was removed. That pro-cedure ensures that stress from the operation won’t skew results; all animals will have had the same unpleasant experience.

Separately, some of the ani-mals also were injected with a drug that blocks the ability of male sex hormones to bind to re-ceptors in the brain. Those an-imals might be able to produce the hormones, but they wouldn’t have any effects on the brain.

After recovery, most of the rats ran for two weeks on treadmills set at a leisurely jogging pace. Some remained sedentary. Then the scientists examined all of the animals’ brains. They found that, compared with the seden-tary animals, the running rats had significantly more of a po-tent testosterone derivative called

state the scope of the problem for people who are truly coping with a cancer diagnosis on their own.

For doctors and hospitals, the data show that being single is an important risk factor for failing to comply with medical treatments, and cancer centers should focus on offering additional support to these patients, said Dr. Aizer. The study also offers a lesson for friends of people who have can-cer, showing that small offers of

help – like driving a patient to the doctor or offering to care for their children – can make a meaning-ful difference in a patient’s sur-vival.

“Cancer is a life changing di-agnosis,’’ said Dr. Aizer. “Patients have an enormous number of things to think about on top of what they do in their normal ev-eryday life. It’s really important that they have another invested party to help shoulder that bur-den.” NYT

We don’t think there’s something intrinsic about people who are married, but we do think it’s the support marriage is providing that makes a difference.”

A new study published last month in Proceedings of the National Academy of Sciences may fill in one piece of the puzzle, by showing that male sex hormones surge in the brain after exercise and could be helping to remodel the mind. The research was conducted on young, healthy and exclusively male rats – but scientists believe it applies to female rats, too, as well as other mammals, including humans.

fitnesswellnessworld.com

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Travelwww.thepresidentpost.com October 2013 Vol. 2 No. 10

badempa and karapan ayam matches were to be held in the village 630 meters above sea lev-el.

The serenity of the Mantar vil-lage is sure to make tourists love this place. The hospitality of its residents had given me a difficult choice to decide where I should stay because all of them opened their doors wide to tourists who wish to stay. I eventually chose to stay at the village head’s house so that I could get information about the Mantar village.

It turned out that Mantar vil-lage offered other uniqueness: some of its residences were al-binos. The number of albinos in

Karapan ayam? Those familiar with the terms “kara-pan sapi” would probably wonder how the game is

played, what the regulations are and more.

Badempa is a game to mea-sure one’s calf’s strength. I just had to see these two cultural games when I was in Sumba-wa and that’s why I visited Man-tar village in Poto Tano subdis-trict, West Sumbawa district. A local tourism guide told me that

Sumbawa-style Rooster Race Text & Photos: Adita Alaik the village would always be sev-

en and that a new one would be born once one of them is dead. Another story from this village as told by the village head is that the locals believe that their an-cestors were Portuguese whose ship wrecked in the waters near a beach below the Mantar hills in 1814. Survivors decided to live in the hills and became the Mantar villagers.

The next morning I went to take a walk around the village and took pictures of everything I thought were worth remem-bering from this trip. Sudden-ly I heard laughter from a group

of villagers who were gather-ing in a field as they get ready to watch the badempa and kara-pan matches.

At 9 a.m., the match for ba-dempa begun. All in the audi-ence were allowed to take part and from what I saw, all the men didn’t want to miss out on the game. Badempa is played by two men in with each given the chance to kick his rival’s calf. The person who got kicked in the calf was not allowed to run but had to hold on and stay on his feet for as long as he could.

As a tourist I was also given the chance to show my strength in the game. Once given the

chance, I tried to kick my rival’s calf as hard as I could. He was a strong young man. But what happened was that I was the one who felt the pain because his calf was as hard as a wooden log! Be-ing the person to do the kicking, one would think you would not feel any pain. But, wrong, the back of my calf also felt the pain after kicking the young man.

After lunch time the game changed. The morning game was participated by mostly adults but now the game is dominated by children who brought along a couple of rosters with them each. Children in this village had been introduced to the game since an

Sumbawa is house to many cultural

heritages. However, this time I am more

interested in two cultural games, which

are locally called the karapan ayam

(chicken match) and Badempa.

early age. Karapan ayam needs a jockey and two roosters with one of their legs tied to the other’s leg. The winner must be the one that recorded the fastest time to de-feat its rival.

But the rules weren’t that sim-ple. There are also other rules that participants had to comply with, that the rosters cannot step outside the line of the match are-na. The other rule is that the pole to tie the rosters had to touch the wooden pole in the finish line. If it didn’t, the rosters would be dis-qualified. Controlling the roost-ers is not an easy matter. Many of them ran towards the crowd or ran to the finish line.

Karapan ayam needs a jockey and two roosters with one of their legs tied to the other’s leg. The winner must be the one that recorded the fastest time to defeat its rival.

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Golfwww.thepresidentpost.comOctober 2013 Vol. 2 No. 10

Gunung Geulis Country ClubFresh Air for Good Golf and Great Holiday

The Gunung Geulis Country Club is locat-ed in the regency of Ciawi-Bogor, a mere 45- minute drive along

the Jagorawi Highway or about 50km from the business center of Jakarta. Gunung Geulis Re-sort is a villa and leisure resort of about 400ha and is well-known for its challenging and beautiful 36-hole golf course.

The strategic location and beautiful environment is also supported by a pleasant climate of mountain fresh air and cool climate especially in the morn-ing and in the evening. The mountain terrain blends natu-rally into the golf complex, giving you a sweeping view of the site. The ambience is both tranquil

and rewarding.Gunung Geulis (beautiful

mountain in Indonesian) sits at an elevation of 400 to 500 meter above sea level. This golf course is bordered at the north by the Cikeas River. You can imagine how cool the evenings are and how fresh the mountain air is - the right climate for good golf and great holiday.

There are two 18 holes at Gu-

nung Geulis—the West and East Courses. The club house is equipped with full facilities, part of a comprehensive tourist resort which includes resort cottag-es, convention facilities, a health centre, a sport complex with in-door and outdoor facilities, holi-day villas and a Recreation Cen-ter.

The 18-hole West Course was designed by the Golf Architect

Borobudur International Golf & Country Club The World’s Great Temple, Historical Mountain& Beautiful Golf Course

he Borobudur International Golf & Country Club is located in Magelang a town in the valley of Mount Tidar, 40 km north of Yogyakarta and 60 km south of Semarang.

Furthermore, this golf course is located near a mountain with interesting sights and cool air. The fairway is so narrow, it requires precision play. In this course, each hole is unique. For the record, the Borobudur International Golf & Country Club is known for its first-class services and its young caddies.

The Borobudur International Golf & Country Club was elegantly designed by the world class golfer Douglas Duncanson, and

completed by experts in golf course building of PT Jababeka Golf Cikarang. This golf course is one of the best golf courses in Central Java and Yogyakarta in addition to Merapi Golf Course and Golf Course Gombel.

The Borobudur International Golf & Country Club used to be the Persatuan Golf Tidar, which was a simple golf course of 9 holes. In August 2006, the golf course began its renovation. In April 2007, Army Chief of Staff General Djoko Santoso officially declared the golf course open. On June 2, 2007 Minister of Culture and Tourism Jero Wacik, officially declared the new name of the golf course - Borobudur International Golf & Country Club.

A beautifully built green in the lake offers an attractive challenge even for professional golfers. The golf course is also equipped with a luxurious clubhouse that offers multiple functions and uses. The clubhouse restaurant serves European, Oriental, Chinesse and Indonesian menu at reasonable rates. A well-stocked proshop enhances the clubhouse with various well-known branded golf equipment that guarantees satisfaction to golfers. There is ample space for parking and allows easy entry and exit. For beginners and professionals as well, the Borobudur International Golf & Country Club offers a driving range supervised by experienced instructors and friendly caddies.

The Borobudur International Golf & Country Club was elegantly designed by the world class golfer Douglas Duncanson, and completed by experts in golf course

building of PT Jababeka Golf Cikarang.

T

www.borobudur-golf.com

The 18-hole West Course was designed by the Golf Architect of Thomson Wolveridge & Perret with a total length of 6,075 metres. It is the first golf course around Bogor built on the hillsides. The picturesque and challenging layout provides enjoyment as well as a stern test of skill and patience to Gunung Geulis Country Club members.

Gunung Geulis (beautiful mountain in Indonesian) sits at an elevation of 400 to 500 meter above sea level. This golf course is bordered at the north by the Cikeas River. You can imagine how cool the evenings are and how fresh the mountain air is - the right climate for good golf and great holiday.

of Thomson Wolveridge & Per-ret with a total length of 6,075 metres. It is the first golf course around Bogor built on the hill-sides. The picturesque and chal-lenging layout provides enjoy-ment as well as a stern test of skill and patience to Gunung Geulis Country Club members.

Thomson Wolveridge & Per-ret, with their skills in making difficult terrains, has careful-

ly planned the layout to create a pleasant and demanding jour-ney for players. A member, play-ing West Course for the first time, will most likely find it intimidat-ing and difficult. This will be lessened after he or she becomes more familiar with the different strategies required.

The 2nd 18 East Course was also designed by Wolveridge & Perret with the total length of

6,065 meters. It is a course spe-cially designed to be a Buggy Course that goes with the coun-tour of the land. Besides the spectacular vista, the new East Course will be a bigger challenge for members.

All the greens have beauti-ful comforting countours and good surface, so players need not bother with unfair slopes or breaks.

There are two 18 holes at Gunung Geulis—the West and East Courses. The club house is equipped with full facilities, part of a comprehensive tourist resort which includes resort cottages, convention facilities, a health centre, a sport complex with indoor and outdoor facilities, holiday villas and a Recreation Center.

All the greens have beautiful comforting countours and good

surface, so players need not bother with unfair

slopes or breaks.