Daily Archives: July 4, 2019

Indonesia, South Korea ink agreement to build three more submarines

Surabaya, E Java (ANTARA) – Indonesian shipbuilding company PT PAL and South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) reached an agreement to construct three more submarines as part of the nation’s minimum essential force (MEF) program.

Under the agreement inked in Bandung, West Java, on April 12, 2019, the cost to build the three submarines will reach US$1.2 billion to be sourced from foreign loans, PT PAL Finance Director Irianto Sunardi remarked while receiving the Defense Ministry press corps at the company’s office in Surabaya, East Java, on Wednesday.

The loan proposal is still being processed at the Finance Ministry, he noted.

Sunardi expressed optimism that construction of the type 209-1400 submarines will start before the year-end based on DSME’s readiness.

“Similarly, PT PAL is also ready with all its agreements, especially which of the sections were made here and those that were developed there in the past until the sixth submarine is fully built here,” he explained.

All agreements between both sides have been in place. They currently await a decision from the Finance Ministry, he stated.

Currently, Korean Exim Bank is ready to finance the project. According to the National Development Planning Agency (Bappenas), the bank is categorized as an Export Credit Agency (ECA).

Nonetheless, the Finance Ministry still perceives the loan obtained from the bank to build the first batch of such submarines as expensive.

“The Finance Ministry views Indonesia as now having a good investment rate, so the price would hopefully be lower than that of the first such batch of submarines. However, an agreement had yet to be reached. If everything is alright, Insya Allah (God Willing), we can start the project at the end of this year,” he remarked.

Construction of the second batch of submarines will be aligned with Indonesia’s requirements, including weaponry and convenience.

Indonesia has received the first batch of submarines built in cooperation with South Korea. Two of the submarines — Nagapasa 403 and Ardadedali 404 — were developed in South Korea and are currently operated. The other submarine — Alugoro 405 — is undergoing a sea trial north of Bali Island.

Indonesia is currently the only Southeast Asian nation that is capable of building submarines.

Chief of the Public Relations Service of the Defense Ministry Secretariat General Brigadier General Totok Sugiharto affirmed that Indonesia is the first Southeast Asian nation to build submarines.

Source: Antara News

Indonesia, South Korea ink agreement to build three more submarines

Surabaya, E Java (ANTARA) – Indonesian shipbuilding company PT PAL and South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) reached an agreement to construct three more submarines as part of the nation’s minimum essential force (MEF) program.

Under the agreement inked in Bandung, West Java, on April 12, 2019, the cost to build the three submarines will reach US$1.2 billion to be sourced from foreign loans, PT PAL Finance Director Irianto Sunardi remarked while receiving the Defense Ministry press corps at the company’s office in Surabaya, East Java, on Wednesday.

The loan proposal is still being processed at the Finance Ministry, he noted.

Sunardi expressed optimism that construction of the type 209-1400 submarines will start before the year-end based on DSME’s readiness.

“Similarly, PT PAL is also ready with all its agreements, especially which of the sections were made here and those that were developed there in the past until the sixth submarine is fully built here,” he explained.

All agreements between both sides have been in place. They currently await a decision from the Finance Ministry, he stated.

Currently, Korean Exim Bank is ready to finance the project. According to the National Development Planning Agency (Bappenas), the bank is categorized as an Export Credit Agency (ECA).

Nonetheless, the Finance Ministry still perceives the loan obtained from the bank to build the first batch of such submarines as expensive.

“The Finance Ministry views Indonesia as now having a good investment rate, so the price would hopefully be lower than that of the first such batch of submarines. However, an agreement had yet to be reached. If everything is alright, Insya Allah (God Willing), we can start the project at the end of this year,” he remarked.

Construction of the second batch of submarines will be aligned with Indonesia’s requirements, including weaponry and convenience.

Indonesia has received the first batch of submarines built in cooperation with South Korea. Two of the submarines — Nagapasa 403 and Ardadedali 404 — were developed in South Korea and are currently operated. The other submarine — Alugoro 405 — is undergoing a sea trial north of Bali Island.

Indonesia is currently the only Southeast Asian nation that is capable of building submarines.

Chief of the Public Relations Service of the Defense Ministry Secretariat General Brigadier General Totok Sugiharto affirmed that Indonesia is the first Southeast Asian nation to build submarines.

Source: Antara News

APINDO welcomes Jokowi’s plan of a young Cabinet

Jakarta (ANTARA) – The Indonesian Employers Association (APINDO) has welcomed Incumbent President and president-elect Joko Widodo’s goodwill and intention to appoint young talent to occupy ministerial posts in his upcoming cabinet line-up.

Consideration for appointing ministers should not be based on the age of potential individuals but on their capability, APINDO’s Deputy Chairperson Shinta Widjaja Khamdani told journalists here on Wednesday.

On the contrary, Khamdani underscored several key pre-requisites by the president-elect for the selection of youngsters having credibility to become his cabinet members.

“Professionalism ranks high on the list. The candidates must also possess a good track record. They should be able to walk the talk and have a solid understanding of what is really taking place on the field,” Khamdani stated.

Hence, those selected by Jokowi and his deputy, Ma’ruf Amin, to serve as their cabinet members should possess sound leadership skills, as it is paramount for leading a ministry, she emphasized.

“If they do not possess a good sense of leadership, how can they lead the ministries? This cannot be a trial and error. They must be able to work,” she affirmed, adding that Widodo’s upcoming cabinet members should have begun working.

Members of the business community are willing to offer the government insightful inputs to tackle issues plaguing the nation, she added.

Incumbent President Widodo had earlier hinted that his upcoming cabinet should be relevant to the demands of the current era. Hence, young professionals will be appointed in his next cabinet.

The National Democratic Party (Nasdem) has given the thumbs-up to the public discourse of picking young professionals to be part of the upcoming cabinet line-up.

Chairman of Nasdem’s Central Executive Board Taufik Basari reiterated that the current era is in search of individuals capable of adapting to the rapid developments in digital technologies.

Source: Antara News

APINDO welcomes Jokowi’s plan of a young Cabinet

Jakarta (ANTARA) – The Indonesian Employers Association (APINDO) has welcomed Incumbent President and president-elect Joko Widodo’s goodwill and intention to appoint young talent to occupy ministerial posts in his upcoming cabinet line-up.

Consideration for appointing ministers should not be based on the age of potential individuals but on their capability, APINDO’s Deputy Chairperson Shinta Widjaja Khamdani told journalists here on Wednesday.

On the contrary, Khamdani underscored several key pre-requisites by the president-elect for the selection of youngsters having credibility to become his cabinet members.

“Professionalism ranks high on the list. The candidates must also possess a good track record. They should be able to walk the talk and have a solid understanding of what is really taking place on the field,” Khamdani stated.

Hence, those selected by Jokowi and his deputy, Ma’ruf Amin, to serve as their cabinet members should possess sound leadership skills, as it is paramount for leading a ministry, she emphasized.

“If they do not possess a good sense of leadership, how can they lead the ministries? This cannot be a trial and error. They must be able to work,” she affirmed, adding that Widodo’s upcoming cabinet members should have begun working.

Members of the business community are willing to offer the government insightful inputs to tackle issues plaguing the nation, she added.

Incumbent President Widodo had earlier hinted that his upcoming cabinet should be relevant to the demands of the current era. Hence, young professionals will be appointed in his next cabinet.

The National Democratic Party (Nasdem) has given the thumbs-up to the public discourse of picking young professionals to be part of the upcoming cabinet line-up.

Chairman of Nasdem’s Central Executive Board Taufik Basari reiterated that the current era is in search of individuals capable of adapting to the rapid developments in digital technologies.

Source: Antara News