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WIKA SETS ASIDE RP18.1 TRILLION FOR CAPEX

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WIKA will boost the use of capex in the second semester of 2019, along with many projects offered to the company.

Greatindonesia.co.id, Jakarta – State-run construction firm PT Wijaya Karya (Persero) Tbk (WIKA) has set aside Rp18.1 trillion for capital expenditures (capex) this year. “The use of capex is still less than 10 percent of the total of Rp18 trillion,” WIKA Corporate Secretary Mahendra Vijaya said in Jakarta Wednesday (7/8/2019),

The use of capex is yet to be maximized due to the company’s relatively low needs, he said.

“We still use much the company’s operational funds,” he said.

WIKA will boost the use of capex in the second semester of 2019, along with many projects offered to the company, he said.

Moreover, many of the projects were obtained at the end of 2018 and that their designs are still being processed, he said.

WIKA was optimistic that it could achieve the target of clinching new contracts worth Rp61 trillion this year.

By the end of the first semester of 2019, WIKA inked new contracts worth Rp15.2 trillion, most of which come from other state-owned companies.

Nearly 39.27 percent of the new contracts deal with infrastructure, 39 percent with energy and industrial plant, 17.60 percent with industry and 4.12 percent with property.

WIKA is eyeing some construction projects in Africa, with contract value totaling more than Rp2 trillion.

“Projects are still underway in some countries, including Senegal, Rwanda, Ivory Coast, Madagascar, and Algeria. The potential contract value totals over Rp20 trillion,” Mahendra Vijaya said recently.

The projects include the construction of road, ports, apartment, and central bank’s building.

However, the company will conduct an in-depth evaluation, including their financial capability and potential benefit of the projects, before it takes the offer, he affirmed. (ran)

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REAL SECTOR

INDONESIA PLANS TO SLASH OIL IMPORTS TO OVERCOME TRADE DEFICIT

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Chief of SKK Migas, Dwi Soetjipto.

Greatindonesia.co.id, Jakarta – The plan of the Energy and Mineral Resources Ministry to slash oil imports by state oil and gas company, Pertamina, is aimed at overcoming the country’s trade deficit, the Upstream Oil and Gas Regulatory Special Task Force, SKK Migas, said.

The Energy and Mineral Resources Ministry will reportedly cut crude oil imports by 30 million barrels per year.

“This is part of our efforts to deal with the trade deficit. Only crude oil import will be reduced. If crude oil imports are reduced, then we must optimize domestic production,” Chief of SKK Migas, Dwi Soetjipto, said at the SKK Migas Office in Jakarta on Wednesday (15/1/2020).

The Central Statistics Agency (BPS) announced earlier that Indonesia’s balance of trade recorded a deficit of US$3.2 billion last year.

Since the quota of Pertamina’s oil import has been reduced, the country must push domestic fuel production through the mandatory use of 30 percent blended biodiesel (B30) in 2020, he said.

The Energy and Mineral Resources Ministry has targeted the production of biodiesel or fatty acid methyl ester (FAME) to reach 10 million kiloliters, with the domestic use of B30 projected to reach 9.6 million kiloliters.

Since the introduction of B30 late last year, the government has been able to curb fuel oil imports.

The use of biodiesel throughout 2019 reached 6.25 million kiloliters, or equivalent to US$3.35 billion or Rp48.19 trillion that the government could save, he said.

“The use of biodiesel will reduce (oil) imports,” Soetjipto said. (ant)

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A LEGISLATOR APPRECIATES GARUDA’S DECISION TO AVOID IRAN’S AIRSPACE

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Passengers of any airline, including Garuda, demand safe, secure, and comfortable flights so that they are able to arrive at their destinations safely.

Greatindonesia.co.id, Pati – A member of the House of Representatives (DPR) supports and appreciates Garuda Indonesia’s decision to reroute its flights to Europe to circumvent the airspace over Iran for the sake of aviation safety and security.

“As a national flag carrier, Garuda must prioritize the safety and security of its passengers,” Marwan Jafar, member of the National Awakening Party (PKB) faction, here on Sunday (12/1/2020) commenting on Garuda Indonesia’s decision which was made following the crash of a Ukrainian plane inside Iran.

According to BBC, the Ukraine International Airlines (UIA) Flight PS752 which carried 176 people on board was brought down by a missile shortly after taking-off from an Irainian airport on Wednesday (8/1/2020).

Jafar said all passengers of any airline, including Garuda, demand safe, secure, and comfortable flights so that they are able to arrive at their destinations safely. Therefore, the airlines should not take any risk for their passengers’ safety.

Many other airlines, including Singapore Airlines and Thai Airways, have also avoided the Iranian and Iraqi airspace following the Ukrainian plane crash amid growing tensions of the US-Iran relationship after Washington killed a top Iranian general.

The US Federal Aviation Administration (FAA) has also banned the country’s operators from flying over the airspace owing to the soaring tensions of the US-Iran relationship.

In response to the recent killing of General Qassem Solaimani in a US airstrike in Iraq, Iran launched a retaliation attack on a US military compound in Iraq.

Acting Director of Operation of the airlines Tumpal M. Hutapea noted in a recent statement that Garuda Indonesia would adjust its flight route from and to Europe, which earlier passed over the airspace of Bucharest to the airspace of Egypt and Greece.

“Hence, all Garuda Indonesia services on the route can run normally,” he said, adding that Garuda would closely monitor developments of the situation in the region.

“We will intensively watch the development of the situation and coordinate with all stakeholders to ensure safety and security of Garuda Indonesia’s operation,” he remarked. (ant)

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GARUDA INDONESIA LAUNCHES NEW ROUTE CONNECTING AMBON, DENPASAR

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Garuda serves the Denpasar-Ambon flights on Tuesday, Thursday, and Saturday in which the aircraft will depart from Ngurah Rai International Aiport in Bali and arrive at Pattimura International Airport at 4:25 p.m. local time.

Greatindonesia.co.id, Ambon – National flag carrier Garuda Indonesia began its new direct flight connecting Denpasar in Bali to Ambon, the capital of Maluku Province, on Sunday (22/12/2019) in an effort to increase tourist arrivals to Maluku’s islands, an official said.

The airline will use a Bombardier CRJ1000 NextGen aircraft, which can carry 96 passengers. The plane has 84 economy-class seats and 12 business-class seats.

“Starting from today, we serve a direct flight from Denpasar to Ambon,” a station manager of Garuda Indonesia at Pattimura International Airport, Idham, said.

Garuda serves the Denpasar-Ambon flights on Tuesday, Thursday, and Saturday in which the aircraft will depart from Ngurah Rai International Aiport in Bali and arrive at Pattimura International Airport at 4:25 p.m. local time.

The flight will return to Denpasar, Bali, at 5:10 p.m. local time.

“(Bombardier) is one of efficient aircraft for domestic flights in Indonesia. We assure the passengers will experience a comfortable trip,” he added.

On a different occasion, Maluku’s acting province secretary, Kasrul Selang, applauded the national flag carrier’s new direct flight. “This new flight operates three times a week but I expect in the future the number of passengers will increase. So, this new route will operate daily,” Selang remarked.

Following this new direct flight, Selang expected local travel agents to offer more attractive packages for foreign and domestic tourists. (ant)

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