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You are able to fetch the most recent copies of the Indonesian Central Bank’s Monetary Policy Review dated February 2010, January 2010, and November 2009. Below are quick descriptions of the content of each document.

Table of Contents (February 2010 edition)

I. Monetary Policy Statement

II. The Economy and Monetary Policy

• Developments in World Economy
• Economic growth in Indonesia
• Inflation
• Rupiah Exchange Rate
• Interest Rates
• Deposits, Credits, and Money Supply
• Stock Market
• SUN (Government’s Bond) Market
• Mutual Fund Market
• Banking Conditions

III. Monetary Policy Response

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Highlights (January 2010 edition)

As 2009 drew to a close, various economic indicators pointed to ongoing improvement in macroeconomic conditions in Indonesia. The overall condition of the global economy and financial markets has followed a positive trend. In developed countries, the economic recovery process is moving forward. At home, the improvement in the global economy has strengthened exports and investment. Domestic economic resilience has been coupled with reductions in inflationary pressure.

The balance of payments posted a surplus, contributing to the appreciation in the rupiah. With conditions improving in trading partner economies, exports are estimated to have mounted higher in Q4/2009. Imports growth is estimated higher in Q4/2009 in response to mounting domestic and external demand. Sectoral performance is also estimated higher in Q4/2009 from the effect of stronger external demand and stable demand at home.

In the financial sector, stability was maintained in the banking system. However, lending rates did not ease as expected. Looking forward, the outlook is for further improvement in the Indonesian economy, although various risks and uncertainties call for vigilance. In view of these problems and challenges, the Bank Indonesia monetary policy for achieving the 5±1% inflation target in 2010 will be backed by a series of policy actions.

On 6 January 2010, the Bank Indonesia Board of Governors Meeting decided to hold the BI Rate at 6.5%. Like before, the interest rate corridor is set at about +/-50 bps of the BI Rate, with the repo rate at 7% and the short-term deposit facility (FASBI) at 6%. In the key decisions underlying this decision, the BI Rate level remains consistent with the 5% ±1% inflation target for 2010 and the present monetary policy stance is also regarded conducive to the economic recovery process and the operation of the bank intermediation function. On the micro level, conditions in the national banking system remain stable.

Overall conditions in the world economy and global financial markets have seen steady improvement. Economies in advanced nations continue to march towards recovery. The US economy is on the mend, buoyed by stronger consumption and the improving condition of the labour market. Production sectors have begun to climb in the USA. The downward trend in the US dollar and keen risk appetite among investors has led to steady gains on global financial markets.

In 2009, the Indonesian economy grew by an estimated 4.3%. On the supply side, the world economic slowdown has impacted performance in tradable sectors, while non-tradable sectors continued to forge ahead. Indonesia’s economic growth in Q4/2009 is estimated higher in line with the ongoing improvement in global and domestic economic conditions.

Household consumption maintained comparatively robust growth in estimates for Q4/2009. Investment (gross fixed capital formation) charted higher estimated growth in Q4/2009 in line with strengthening external and domestic demand.

The ongoing recovery in the economy did not result in significant inflationary pressure during Q4/2009. World inflation in 2009 is estimated similar to one month earlier, due to the effects of the ongoing recovery in the world economy. The policy rates in most advanced nations reflect an accommodating stance. CPI inflation in 2009 was down sharply from the preceding year, mainly in response to non-fundamentals.

Analysed by influencing factors, the reduced inflation during Q4/2009 is explained primarily by non-fundamentals. Analysed by expenditure category, the decline in inflationary pressure during the quarter resulted from lower pressure across almost all expenditure categories, with the steepest decline recorded in food stuffs. Measured quarterly, administered prices inflation came to 0.69%, up from the previous quarter’s level of 0.61% (qtq). Inflationary pressure in volatile foods eased from the preceding quarter in response to secure supply conditions and the moderate level of global food stuff prices.

Throughout 2009, the rupiah maintained an appreciating trend in response to the onset of recovery in the global economy and improved risk appetite among global investors. The exchange rate held generally stable during December 2009 as reflected in reduced volatility, despite modest depreciation. General perceptions of investment risk in Indonesia remained comparatively favourable.

Yields on rupiah investments remained high in comparison to other countries in Asia. During 2009, Bank Indonesia adopted a loose bias monetary policy stance commensurate with the decline in inflationary pressure. The reductions in the BI Rate transmitted smoothly to short-term interest rates. Transmission of short-term rates was matched by healthy transmission of the monetary policy stance to interbank rates in longer tenors.

Money market liquidity became more evenly distributed as a result of softening perceptions of money market risk.

Transmission of monetary policy transmission to bank deposit rates also showed improvement. As regards lending rates, monetary policy transmission remained slow, particularly for consumption credit. The year 2009 was marked by steady growth in depositor funds.

In the credit channel, monetary policy transmission was again hampered by the slow pace of domestic economic growth and high loan interest rates. The slowing economic growth trend was reflected in similarly slack growth in M1. The loose bias monetary policy during 2009 has boosted asset prices with gains reflected in the JSX Composite Index (JCI).

Trading volume on the domestic stock market remained stable during 2009. On the government securities market, monetary policy transmission was reflected in lower yields with varying magnitude of decline by tenor. In similar developments, renewed foreign investor confidence boosted liquidity on the government securities market.

Table of Contents (January 2010 edition)

I. Monetary Policy Statement
II. The Economy and Monetary Policy

1. Developments in the World Economy
2. Economy Growth in Indonesia
3. Inflation
4. Rupiah Exchange Rate
5. Monetary Policy

• Interest Rates
• Funds, Credit, and the Money Supply
• The Stock Market
• The Government Securities Market
• Mutual Funds Market
• Condition of the Banking System

III. Monetary Policy Response

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Abstract (November 2009 edition)

The Indonesian economy showed further improvement in October 2009 alongside the ongoing recovery in the global economy. Positive developments continue on global financial markets in line with the ongoing economic recovery and stable perceptions among money market actors. At home, the various developments in the global economy have provided a boost to Indonesia’s economic performance.

Concerning prices, inflation eased further in October 2009 while staying below the historical trend. The ongoing improvement in exports and capital inflows augurs for strengthened performance in Indonesia’s Q4/2009 balance of payments, again projected to chart a surplus.

In the domestic financial sector, financial markets reported overall gains. Conditions in the banking system also reflect ongoing stability at the micro level.

On 4 November 2009, the Bank Indonesia Board of Governors Meeting decided to hold the BI Rate at 6.5%. The key considerations in this decision are that the 6.5% rate is consistent with the 5% ± 1% inflation target for 2010 and the present monetary policy stance is also regarded as conducive to economic recovery process and banking intermediation.

Table of Contents (November 2009 edition)

I. Monetary Policy Statement
II. The Economy and Monetary Policy

1. Developments in the World Economy
2. Economy Growth in Indonesia
3. Inflation
4. Rupiah Exchange Rate
5. Monetary Policy

• Interest Rates
• Funds, Credit, and the Money Supply
• The Capital Market
• Condition of the Banking System

III. Monetary Policy Response

Sights from the IFFINA 2009.

IFFINA – The 3rd International Furniture and Craft Fair Indonesia, now stepping ahead with a big improvement, getting better and more attractive. IFFINA as one of the biggest furniture exhibition in Indonesia, for the third time will present you the utmost quality of wide range Indonesia’s furniture and handicraft products.

IFFINA 2010 is the answer of today’s chalenging market for furniture business and industries. The One Stop Buying Center offering with Quality and Uniqueness. IFFINA 2010 includes wide selections of furniture and handycraft product, Household and Accessories, Materials of Furniture. All come with the best quality you’ve ever found. The last show held in 2009 had been enormous success bringing about 260 furmiture procedure with thousands of profeesional buyers.

For more information about IFFINA 2010, you are invited to the IFFINA 2010 website http://www.iffina-indonesia.com/2010/content.php.

You can also obtain IFFINA 2010 brochure English or in Italian.

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You are able to fetch the most recent presentations on the Indonesian Central Bank’s Recent Economic Developments dated February 2010, January 2010, and dated December 2009. The February 2010 full edition comes with a section on Economic Outlook for 2010. Below is a quick description of the content of each document.

Preview (February 2010 edition)

Indonesia’s economy has posted robust growth in 2008 and one of the rare countries which successfully posted a positive growth rate in 2009, navigating through the global financial turmoil and economic slowdown. For the whole 2009, the economy charted fairly vigorous growth at 4.5% (yoy) and it is projected at 5.5% in 2010

• Banking industry is in stable condition with high level of CAR (17.4%) and comfortably safe level of NPL (gross) at a 3.8% (as of December 2009 data).
• By end of the Q4-2009, Indonesia ’s overall balance of payments recorded a surplus of US$4.0 billion larger than a surplus of US$3.5 billion in the preceding quarter, resulted from surpluses in both the current account as well as the capital and financial account.
• International reserves reached to USD69.5 billion as of end of January 2010, equivalent to about 6.8 months of imports and official external debt payment.
• In 2009, Rupiah has been showing an appreciation trend, mainly supported by continuing of global economic recovery and positive economic performance which outperformed regional economies. Rupiah strengthened from IDR 10,950 against USD as on December 31, 2008 to IDR 9,400 against USD as on December 31, 2009, representing 16.5% appreciation .
• Monetary relaxation during 2009 has provided ample support for the economic recovery and bank intermediation processes. At the latest Board of Governors Meeting convened in January 2010, The BI ratedecided to be kept at 6.50% after concluding the present level of the BI Rate is consistent with achievement of the 2010 inflation target, set at 5%±1%. In the balance of risk, the probability of renewed inflationary pressure is low, at least during the first half of 2010. The BI Rate is also seen as favorable to boost economic recovery, maintain financial system stability and promote the banking intermediation function.
• The Indonesian economy in 2009 has charted remarkably low inflation. In 2009, the Consumer Price Index (CPI) recorded annual inflation at 2.8% (yoy). Inflationary pressure has eased in response to the government decision to lower fuel prices at the beginning of the year, external factors of lower trading partner inflation, appreciation of the exchange rate, and better public expectations on inflation. In January 2010, monthly inflation arrived at 0,84% (mtm) or 3,58% (yoy), slightly higher than the previous month. Inflation in January 2010 was driven mainly by volatile food, especially rice. However, we are confident Inflation in 2010 will stay within the target range of 5%±1%.
• With the fiscal deficit target of 1.6% of GDP in 2010, Government continues to maintain the balancing act to support the recovery and to anticipate the global growth momentum going forward by improving public infrastructure and energy. In the medium term, fiscal policy is directed toward maintaining fiscal consolidation while at the same time sustaining fiscal stimulus. We expect to see fiscal deficit move on a downward trend. On the revenue side, tax ratio is expected to pick up.

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Synopsis (February 2010 full edition)

Performance of the Indonesian economy continues to show improvement in line with better economic conditions and global financial markets. In 2009 Indonesia was able to post a positive growth at 4.5% (yoy). This level of growth was relatively high compare to neighbouring countries.

The Indonesian economy has resumed a phase of accelerating economic growth. The indicators suggest that growth passed through a trough in Q2/2009 at 4.0% before picking up in the subsequent quarters. With the upbeat outlook for an accelerating economic growth trend, we expect to see improved growth of 5.0-5.5% (yoy) in 2010.

Table of Contents (February 2010 full edition)

• Recent Economic Development
• Economic Outlook 2010
• Risk Factors
• Macroeconomic Outlook

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Table of Contents (January 2010 edition)

(i) Indonesia Story: as Acknowledge by Rating Agencies

(ii) Positive Macroeconomic Developments

• Real Sector: Indonesia Development Policy
• Fiscal Policy Overview 2009 and 2010
• Economic Growth Sustained
• Banking Stability
• Stable and Profitable Banking Sector
• Strong Balance of Payments Performance
• Flexible monetary policy to support growth objectives
• Inflation Expectation
• In 2010, Indonesian economy is positioned to grow beyond original forecasts

Preview (January 2010 edition)

Indonesia’s economy has posted robust growth in 2008 and one of the rare countries which successfully posted a positive growth rate in 2009, navigating through the global financial turmoil and economic slowdown. GDP growth, in excess of 6% in 2008, reached 4.2% for the first nine months of 2009. In preliminary figures for 2009, the economy charted fairly vigorous grow that 4.3% (yoy) and it is projected at 5.5% in 2010.

Banking industry is in stable condition with high level of CAR (17%) and comfortably safe level of NPL(gross) at a subdued level below 5% (latest data as of November 2009).

By end of the Q3-2009, Indonesia’s overall balance of payments recorded a surplus of US$3.5billion (Q2-2009: US$1.1billion), resulted from surpluses in both the current account as well as the capital and financial account.

International reserves reached USD66.0 billion as of end of December 2009, equivalent to about 6.58 months of imports and official external debt payment.

In 2009, Rupiah has been showing an appreciation trend, mainly supported by continuing of global economic recovery and positive economic performance which outperformed regional economies. Rupiah strengthened from IDR 10,950 against USD as on December 31, 2008 to IDR 9,400 against USD as on December 31, 2009, representing 16.5% appreciation .

The monetary relaxation during 2009 has provided ample support for the economic recovery and bank intermediation processes. At the latest Board of Governors Meeting convened in January 2010, The BI ratedecided to be kept at 6.50% after concluding the present level of the BI Rate is consistent with achievement of the 2010 inflation target, set at 5%±1%. In the balance of risk, there are little likelihood of renewed inflationary pressure, at least during the first half of 2010. The BI Rate is also seen as conducive to efforts to boost economic recovery, maintain financial system stability and promote the banking intermediation function.

The Indonesian economy in 2009 has charted remarkably low inflation. In 2009, the Consumer Price Index (CPI) recorded annual inflation at 2.8% (yoy). Inflationary pressure has eased in response to the government decision to lower fuel prices at the beginning of the year, external factors of lower trading partner inflation, appreciation in the exchange rate and softening public expectations of inflation.

With the target of fiscal deficit 1.6% of GDP in 2010 Budget, fiscal policy is taking into account the need to stimulate the economy and will continue at a slower pace in 2010. Tax policy reform continues with lower tariff and higher compliance.

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Table of Contents (December 2009 edition)

1. Macroeconomic Highlights

• Response to the Crisis: Monetary and Banking
• Real Sector: Indonesia Development Policy
  Response to the Crisis: Fiscal
• Indonesia Story: as acknowledged by Rating Agencies
• Economic Growth Sustained
• Banking Stability
• Strong Balance of Payments Performance
• Inflation has been Trending Downward
• Inflation Expectation
• Exchange Rate: Strengthened and more stable through 2009
• Improved Confidence in the Equity Market
• Performance of the Global Bond Has Been Significantly Improved
• In 2010, the Indonesian Economy is Positioned to grow beyond original forecasts

2. Bank Indonesia Monetary Policy
3. Bank Indonesia Banking Policy
4. Balance of Payments Performance Q3 2009
5. State Budget
6. Debt Management and Debt Profile

Preview (December 2009 edition)

• Indonesia was named the region most active business reformer in East Asia and the Pacific according to Doing Business Index 2010 surveyed by the International Finance Corporation (IFC). Indonesia’s rank in the index moved up from 129 to 122.
• Indonesia’s rank in The Global Competitive Index (GCI) 2009-2010 moved up from 55 to 54 (score 4.26) which is the third consecutive rank increase since 2007. The increase mainly supported from business establishment factor and innovation factor.
• Indonesia has been one of the few countries leading the economic recovery, with a resilient growth over the last 2 years. One of the rare countries which successfully posted a positive growth rate in 2009, the third fastest growing economy in the G-20. Even during the worst of the global economic slow down, the economy was still able to generate a positive growth of 4.4% in Q1-2009, 4.0% in Q2-2009, and 4.2% in Q3-2009. For overall 2009 we expect to record growth within the range of 4-4.5%.
• Banking industry has stayed resilient with high level of CAR (17.6%) and NPL (gross) at a subdued level of 4.3% and net at 1.2% (latest data as of October 2009).
• By end of the Q3-2009, Indonesia’s overall balance of payments recorded a surplus of US$3.5 billion (Q2-2009: US$ 1.1 billion), resulted from surpluses in both the current account as well as the capital and financial account.
• International reserves reached US$ 66.85 billion as of end of November 2009, equivalent to about 6.5 months of imports and official debt service payments.
• The Rupiah exchange rates have been showing an appreciation trend, mainly supported continuing of global economic recovery and domestic economic performance. During Q4-2009 (up to end of November) Rupiah appreciated from 5.3% to Rp9,463 against USD. Rupiah continues appreciated to Rp9,436 against USD as per December 4^th, 2009.
• Up to end of November 2009, the CPI recorded 0.03% deflation (m-t-m) alongside annual inflation at 2.4% (y-o-y). Accordingly, potential inflation in 2009 to come below the BI inflation target set at 4.5% ±1.
• The latest monthly Board of Governors’ Meeting convened in December 2009 decided to leave BI Rate unchanged at 6,50%, which is considered adequate to the economic recovery process.
• Fiscal policy is taking into account the need to stimulate the economy and will continue at as lower pace in 2010. Tax policy reform continues with lower tariff and higher compliance.
• 2010 Budged provides fiscal space to implement priority programs of the government.
• Going forward, dramatic slow in world economy pose significant challenges to the economy in 2009.

DEPARTMENT OF ENERGY AND MINERAL RESOURCES
REPUBLIC OF INDONESIA
DIRECTORATE GENERAL OF OIL AND GAS
(Regulation of Minister of Energy and Mineral Resources No. 35/2008)

ANNOUNCEMENT
2nd PETROLEUM BIDDING ROUND YEAR 2009

Directorate General of Oil and Gas (MIGAS) releases 24 acreages for tender in the 2nd Petroleum Bidding Round Year 2009, and hereby invites interested companies with sufficient financial and technical capabilities to participate in the regular tender and direct proposal tender.

Followings are 12 blocks being offered in reglar tender mechanism:

1. South Eas Andaman, Offshore North Sumatra
2. Tarakan I, Offshore East Kalimantan
3. Tarakan II, Offshore East Kalimantan
4. Tarakan III, Offshore East Kalimantan
5. North Masela, Offshore Arafura
6. West Berau, Offshore West Papua
7. East Manokwari, Cenderawasih Bay – West Papua
8. Cenderawasih Bay I, Cenderawasih Bay – West Papua
9. Cendrawasih Bay II, Cenderawasih Bay – Papua
10. Cendrawasih Bay III, Cendrawasih  Bay – Papua
11. Cendrawasih Bay IV, Cendrawasih Bay – Papua
12. East Aru, Offshore Arafura – Papua

Additionally, based on the joint study which has been done between MIGAS and several companies, 12 blocks also being offered in the direct proposal tender mechanism, they are:

1. Puri, Onshore Riau
2. Sakakemang, Onshore South Sumatra
3. Selar, Offshore East Natuna
4. Sunda Strait I, Offshore West Java
5. North Madura, Offshore East Java
6. Karapan, Offshore East Java
7. Mandala, Offshore East Java
8. Long Hubung-Long Bagun, Onshore East Kalimantan
9. Malunda, Makasar Strait
10. Sadang, Makasar Strait
11. South Mandar, Makasar Strait
12. South Sageri, Makasar Strait

Interested companies are invited to participate and access Bid Document (one Bid Document corresponds to 1 [one] block) issued by MIGAS and must follow the procedures, terms and conditions stated in the Bid Document.

Accessing for regular tender’s  Bid Document shall b e made not later than 23 April 2010, whereas accessing for direct proposal tender’s Bid Document shall be made not later than 9 February 2010.

Interested companies which consider being qualified and capable as required in this tender qualification and intend to participate in the tender shall submit their Participating Document on 26 April 2010 (for regular tender) and on 10 February 2010 (for direct proposal tender) between 09:30 – 14:30 hours (+7 GMT) to this following address:

Sekretariat Tim Penawaran Wilayah Kerja Minyak dan Gas Bumi / Ruang Pelayanan Investasi Migas
Direktorat Jenderal Minyak dan Gas Bumi
Departemen Energi dan Sumer Daya Mineral
Gedung Plaza Centris Lantai 1,
Jl. H.R. Rasuna Said Kav. B-5, Jakarta Selatan 12910.
www.migas.esdm.go.id
www.wkmigas.com

For further information regarding to this Tender, please contact:
Tim Penawaran Wilayah Kerja Minyak dan Gas Bumi
Direktorat Jenderal Minyak dan Gas Bumi
Phone: 021-5268910 ext. 132, 135, 136, 137.

Republic of Indonesia INVESTOR RELATIONS UNIT

INVESTOR CONFERENCE CALL

The Indonesian Investor Relations Unit will host a conference call to present the salient points of The Indonesian Economic Performance in 2009 and its Outlook for 2010.

The speakers will be:

• Deputy Governor Budi Mulya — Bank of Indonesia

• Dr. Anggito Abimanyu — Head of Fiscal Policy Office of the Ministry of Finance

• Dr. Rahmat Waluyanto — Director General of Debt Management – Ministry of Finance

Timing: Tuesday, 8 December 2009

(A Replay of the call will be made available for 30 days starting 2 hours after the call end.)

Live scheduled at: 16.00 Jakarta time / 17.00 Hong-Kong Time / 10.00 London Time / 11.00 Paris Time

A Question and Answer session will follow the live presentation.

To listen to the live conference call, please dial:

France: 0 800 917 625

Germany: 0 800 182 5453

Hong Kong: 800 901 587

Indonesia: 001 803 061 31022

Japan: 0053 1250 084

United Kingdom: 0 808 234 8407

Singapore: 800 6163 105

Dialing long distance or with no International toll free access: +62=1 2 8113 1400

Confirmation Code: 2509276

(Please Start your Connection a Few Minutes in Advance)

In order to listen to the replay, for domestic and international calls please dial:

France: 0 800 90 5349

Germany: 0 800 1818 874

Hong Kong: +852 3018 0000

Indonesia: 001 803 852 7487

Japan: 00531 850 110

United Kingdom: 0 800 015 4960

Singapore: 800 852 3532

Replay Passcode: 2509276

If you have any question or comments, please contact:

Elysa Chani at +62 (21) 381-8316 or Dyah Miranti at +62(21) 381-8298

E-mail:  elsya_chani@bi.go.id or dyah_mw@bi.go.id

• Obbiettivodi Crescita 2004 – 2009 : 6.6 % (Media)

• Investimenti Richiesti: USD 426 Miliardi
  Contributi Governativi : USD 68.43 Miliardi (17%)
  Contributi Privati : USD 358 Miliardi

• Obbiettivo per la Disoccupazione 2009 : 5.5 %

• Obbiettivo per la Soglia di povertà: 17 Milioni di Persone

Pelabuhan Genoa di wilayah Liguria sebagai salah satu pintu masuk utama perdagangan Italia dengan dunia.

Roma. Setelah mengalami penurunan akibat krisis ekonomi 2009, impor Italia dari Indonesia diperkirakan akan meningkat sebesar 4,8 % dan 5,2 % pada 2010 dan 2011.

Produk-produk impor Italia dari Indonesia, di antaranya mencakup barang makanan dan minuman, furnitur, perkakas elektronik rumahtangga, bahan kimia, sepeda motor dan kendaraan bermotor, elektronika, produk metal, alat kesehatan menengah, dankebutuhan konsumsi lainnya.

Hal itu disampaikan Lembaga Perdagangan Luar Negeri Italia dan Masyarakat Bisnis Italia dalam laporan awal tahun (24/2/2010) mengenai evaluasi perdagangan Italia per sektor tahun 2009 dan prediksi perdagangan Italia untuk tahun 2010 dan 2011.

Menurut Konselor Pensosbud KBRI Roma Musurifun Lajawa kepada detikfinance siang ini, Rabu (10/3/2010) waktu setempat, perdagangan kedua negara tahun 2009 masih mencatatkan surplus bagi Indonesia sebesar US$ 1.179.446.000.00, meskipun secara agregat turun 28,5% dari total perdagangan pada bulan September 2008 yang berjumlah US$ 2.702.049.000.00.

Total nilai perdagangan RI – Italia sampai dengan September 2009 adalah sebesar US$ 2.102.641.000.00. Produk ekspor non-migas Indonesia ke Italia yang mengalami pertumbuhan positif pada tahun 2009 mencakup perkakas elektronik, metal dan produk metal. Selain itu juga tekstil dan produk tekstil, kakao, perhiasan, alas kaki serta produk kimia.

Pada tahun 2009 Indonesia juga tercatat sebagai pemasok batubara terbesar ke Italia, yaitu sekitar 34% dari total impornya.

Tahun 2009 merupakan tahun paling buruk bagi perekonomian Italia sejak tahun 2000. Krisis keuangan global telah menyebabkan perekonomian negara ini terkontraksi sekitar 5%, serta secara tajam menurunkan pula pasokan dan permintaan akan barang dan jasa.

Secara umum, ekspor Italia pada tahun 2009 menurun sebesar 18 % dibandingkan tahun 2008. Impor Italia dari Indonesia tahun 2009 menurun sebesar 16 % dibanding tahun sebelumnya. Penurunan impor Italia yang tertinggi dari Asia pada tahun 2009 adalah dari Taiwan, yaitu -24,4 %, disusul Malaysia, -21,2 %, Singapura dan Thailand, masing-masing sebesar -19,3 %.

Italia telah kehilangan market shares dari 4,7 % pada tahun 2008 menjadi 4,5 % pada tahun 2009. Kondisi tersebut lebih buruk dibandingkan dengan Perancis dan Jerman yang hanya kehilangan market shares sebesar 0,5 %. Untuk menyelamatkan perekonomian, pemerintah Italia telah memberikan dukungan dan insentif kepada perusahaan-perusahaan Italia untuk dapat membantu mereka keluar dari terjangan krisis keuangan global.

Ekspor Italia pada tahun 2010 diprediksi masih akan mengalami pertumbuhan yang lamban. Pada tahun 2011 – 2012 ekspor Italia diprediksi akan meningkat sebesar 3 % per tahun. Walaupun tren menunjukkan pertumbuhan positif, namun masih lebih rendah dibandingkan peningkatan pertumbuhan ekspor dunia yang diperkirakan 6 % per tahun.

Sekalipun memiliki cukup potensi, namun perusahaan-perusahaan Italia diprediksikan tidak dapat mencapai pertumbuhan lebih tinggi karena mereka masih memusatkan perhatiannya pada sektor-sektor tradisional, khususnya made in Italy products.

Untuk tahun 2010 prediksi peningkatan perdagangan tertinggi dengan negara-negara di Asia adalah China, akan meningkat sebesar 15%, India 9,9%, Korea Selatan 8,6%, Malaysia 7,3%, Singapura 6% dan Thailand sebesar 5,6%.

Sumber Teks Berita: Detik Finance – 10 Maret 2010  19:08  +7 GMT

Barack Obama is expected to arrive with his family later this month.

Jakarta. Jakarta Governor Fauzi Bowo has said that the capital city is ready to receive US President Barack Obama scheduled to visit from March 20 to 22.

“We have not received the details of his agenda which is still with the National Police.

However, the security measures have started to be taken. Anyway, Jakarta often receives state guests and we have the standard operating procedure which is going to be applied (for Obama`s visit),” Governor Bowo said here on Wednesday.

Senior Commissioner Irlan, the Jakarta Police`s intelligence and security director, said Jakarta`s condition remained under control and conducive to receive Obama.

“The security situation is conducive up to now, despite some street rallies on Bank Century (bailout case) in particular,” he said.

Out of 137 rallies from March 1 to 8, 2010, registered at the Jakarta Police, only three were rejecting the planned visit of Obama to Indonesia.

Over the past three months, Jakarta had witnessed 350 rallies in December 2009, 271 in January 2010, and 296 in February 2010.

Security measures in several areas in Jakarta would be stepped up and local residents were urged to participate actively especially when they notice something suspicious, he said.

Confirmed agenda of President Obama would be a bilateral meeting with President Susilo Bambang Yudhoyono at State Palace and a visit to Kalibata`s Heroes Cemetery, according to the Jakarta governor.

“Others are optional like a visit to Menteng state elementary school. However, I have instructed that the area should be prepared (for possible visit). If he comes, it`s good, but if not, it`s alright,” Bowo said.

Barack Obama, whose mother married to an Indonesian, spent few years in Jakarta in the 1960s.

The national and Jakarta metropolitan police began conducting “the Nusa Tujuh Operations” to secure the planned visit of US President Barack Obama in the middle of March.

“The operations will last until seven days after the visit,” Jakarta Metropolitan Police chief Inspector General Wahyono said recently.

Source: Antara News – 10 March 2010
Source: Agence France Press Photo

During a visit to Jakarta on Monday, JBIC executive director Fumio Hoshi said the bank, which is already funding a geothermal project here, was interested in expanding its investments in the renewable energy sector.

“I’m not going to say how much [the size of the investment will be] as we don’t have any limits but as long as Japanese companies are involved as sponsors, and in operations and maintenance, we are happy to support geothermal power projects in Indonesia,” he explained.

“We hope that we can finance more projects where Japanese companies could be involved.”

JBIC has already pledged $800 million to help finance the $990 million Sarulla geothermal plant in North Sumatra.

Part of phase two of the government’s fast-track electricity generation program, the plant is expected to come on stream next year and reach its full 440-megawatt capacity by 2015.

Sarulla is owned by a consortium consisting of Japan’s Itochu Corporation, Israel’s Ormat Corporation and local company PT Medco Energi International.

In September 2006, JBIC reached an agreement with the Finance Ministry to encourage the development of independent power producer projects in the country.

Last month the two parties stepped up cooperation by agreeing to hold regular consultation meetings focused on independent power projects and geothermal energy.

The second phase of the fast-track program, scheduled to be completed by 2015, will boost electricity generation capacity by 10,150 MW and will focus on cleaner technologies such as gas and geothermal.

State-owned electricity utility PT Perusahaan Listrik Negara is expected to spend $5.9 billion on the construction of 21 new power plants with a combined capacity of 5,118 MW as part of the second phase.

The government is aiming for independent power producers to provide the rest of the capacity by investing a total $10.05 billion in the construction of an additional 72 power plants.

PLN has already attracted financing from another Japanese organization, the Japan International Cooperation Agency, to help build one coal-fired power station and two geothermal projects that are part of phase two of the fast-track.

Source: The Jakarta Globe – 09 March 2010