RI needs many malls: Trade minister

Jumat, 07 Juni 2013 | 09:52


Indonesia will need a great number of supermarkets and malls in the upcoming years to cater to rising consumption growth, Trade Minister Gita Wirjawan said.





 
"Looking ahead, we will need a great number of malls like Summarecon Mall Serpong, Senayan City, and other malls in and around Jakarta," he said in a dialog with the Indonesian Retailers Association in Jakarta`s southwestern outskirts of Serpong on Wednesday.

He predicted the country`s accumulative consumption in the next 20 years will reach Rp360 thousand trillion. "With nearly 60 percent of spending going to consumption, the value of our accumulative consumption in the next 20 years will reach about Rp360 thousand trillion," he said.

Currently, domestic consumption which reaches Rp10 thousand trillion contributes 55-60 percent of the national economy, he said.

With the national economy growing by a range of 5-6 percent annually, he predicted the domestic consumption will increase to up to Rp70 trillion annually in 20 years.

"We should not only benefit from the rising economic cake scale but also try to strengthen the spirit of evenly distribution in such a way that the entire Indonesian nation can enjoy development gains," he said.

He asked national industries to be able to meet the domestic needs. "We should not only buy foreign products but also produce domestic goods such as mobile phones. If our friends working for Astra can produce cars why cannot we produce mobile phones?" he asked. (*)

http://www.antaranews.com/en/news/89203/ri-needs-many-malls-trade-minister


Timber Certification Pays Off for Indonesia With 114% Increase in Sales to EU

Indonesia booked a 114 percent increase in sales of timber product exports to the European Union during the first quarter of the year, following the introduction of a self-made certification system to help the country comply with international regulations.

The country’s exports of timber products, especially furniture, to the European Union reached $416 million from January through March, up from $193.9 million in the same period of last year, according to Bachrul Chairi, the director general for foreign trade at Indonesia’s Ministry of Trade.

Bachrul said the jump was attributed to the implementation of the Wood Legality Verification System (SVLK), which had been drafted by Indonesian forestry stakeholders and took effect in March.

SVLK is meant to help Indonesia comply with the EU Timber Regulation, which also came into force in March and prohibits illegally-harvested timber and derivative products from entering the EU market.

“China remains the biggest exporter [of timber and timber products] to the EU, while Indonesia ranks sixth. We’re trying to race with the SVLK,” Bachrul said on the sidelines of his visit to a furniture industry hub in the Central Java town of Jepara, according to Indonesian news portal bisnis.com.

Indonesia’s furniture exports to the United States, meanwhile, reached $177 million in the first quarter, a 7.8 percent increase from the same period of 2012. Exports to Japan, on the other hand, dropped 18 percent to $69.2 million.

source http://www.thejakartaglobe.com/