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Long-tailed
Macaques in Sacred Monkey Forest, Bali, Indonesia Photographic Print
Souders,
Paul
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Native
Fisherman in Outrigger Canoe, Indonesia Photographic Print
Cardozo,
Yvette
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Sunset
at Ransiki with Boat, Irian Jaya, Indonesia Photographic Print
Cardozo,
Yvette
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Couple
on Legian Beach, Kuta, Bali, Bali, Indonesia Photographic Print
Evrard,
Alain
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Portrait
of Traditional Dancer in Costume, Ubud, Indonesia Photographic Print
Michael
Coyne
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National
Monument or Monas, Jakarta, Indonesia Photographic Print
Napthine,
Bernard
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National
Museum (1862), Jakarta, Indonesia Photographic Print
Napthine,
Bernard
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| JAKARTA,
INDONESIA INFORMATION |
|
Jakarta
Hotels
Jakarta
(also Djakarta or DKI Jakarta), formerly known as Sunda Kelapa, Jayakarta
and Batavia is the capital and largest city of Indonesia. Located on the
northwest coast of the island of Java, Jakarta has been developed for more
than 490 years and currently is the eleventh largest city and metropolitan
area and ninth most densely populated city in the world with 44,283 people
per sq mile. Its metropolitan area is called Jabotabek and contains more
than 23 million people, and it is part of an even larger Jakarta-Bandung
megalopolis.
Jakarta is served by the
Soekarno-Hatta International Airport. Since 2004, Jakarta, under the governance
of Sutiyoso, has developed its new transportation system, which is known
as "TransJakarta" or "Busway" and in 2007, Jakarta will establish its newest
transportation system, the Jakarta Monorail. Jakarta also is the location
of the Jakarta Stock Exchange and the National Monument. |
| Read
more |
|
Jakarta
Hotels
|
| Interesting Reading on
Jakarta:
Jumpstart For Jakarta
by Carl Delfeld
Pie Cutters and Pie Bakers
There are two types of political
leaders: pie cutters and pie bakers. Pie cutters attain and maintain power
by slicing the economic pie to placate opponents and reward friends. Pie
bakers focus on making the economic pie larger so that the whole country
moves forward.
Indonesia's President Yudhoyono,
a combination of General, intellectual and bureaucrat, has been a little
of both during his first 11 months in office. But with the economic crisis
caused by a weakening rupiah, a stock market swoon, and budget busting
petro subsidies, he needs to quickly plant himself in the pie baking category.
The
Oven is Ready
Many would categorize Indonesia
as a relatively poor country but I beg to differ. I have toured Indonesia
from tip to tip and it is a country with many assets and great promise.
Rich in natural resources, a talented and young population, strategically
positioned to benefit from Asian growth, a size three times the that of
Texas and the world's fourth largest population. As a relatively young
democracy and developing economy it lacks an important ingredient for economic
growth: capital and a fiscal system to allocate it wisely.
Let's focus on just one important
Indonesia asset that could dramatically jumpstart its economy and stock
market while unleashing resources for badly needed education health and
infrastructure. This asset is oil and natural gas. There has been much
in the press about the staggering burden of the fuel subsidies: $7 billion
in 2004 and about $14 billion expected by 2005. A bargain must be struck
quickly: sharply reduce the fuel subsidies and in turn, increase spending
on education and health projects such as urgent polio immunization programs.
Light the Fire
But perhaps a more important
issue than the fuel subsidies is that Indonesian energy production is far
below its potential.
The way that oil production
has been handled over the past few years is worse than a blunder and is
close to a crime. Indonesia has 10 billion barrels of proven and potential
oil reserves and 180 trillion cubic feet of proven and potential reserves.
Nevertheless, Indonesia, Asia's only member of OPEC, became a net importer
of oil in 2004.
Signs that the Ignition
is Broken
This production shortfall
is primarily due to insufficient investment and delays in awarding exploration
and production contracts. Let's look at one example, Exxon Mobil's Cepu
block project. Exxon Mobil has operated in Indonesia for a century and
invested $17 billion in the country, agreed to explore the dormant Cepu
area years ago and by using advanced technology, found proven oil reserves
of 600 million barrels and 1.7 trillion cubic feet of gas. Prepared to
invest $3 billion to develop the project, it has been waiting for two years
to move forward as Indonesia's state-owned energy company Pertamania has
been haggling over issues such as the government's insistence on a $400
million up front signing bonus. That's right, it wants $400 million from
Exxon Mobil before it risks $3 billion of shareholder capital to develop
the Cepu block. Meanwhile, Indonesia's oil production levels have fallen
to less than 900,000 barrels a day!
At peak production, Cepu
would provide the GOI about $2 million per day in revenues, add 180,000
barrels a day in daily production and eliminate gas shortages in East Java.
There are other projects that could be moved forward and in total could
lead to baking an economic pie that could help lift all of the Indonesian
people. Moving ahead with these projects would jumpstart the economy and
bolster the confidence of foreign investors and capital markets. This is
certainly a better option than sharply raising interest rates that choke
economic growth and makes badly needed capital even more expensive.
The Fire is About to be
Set
Our intelligence indicates
that due to financial pressures on the Indonesian Government, a 30- year
production sharing agreement will be signed this week. This will be a big
step forward in solving Indonesia's energy shortfall and reassure international
investors of the government's commitment to market reform. I believe the
markets will respond favorably to this news and we suggest the closed-end
Indonesian Fund (IF) as the best vehicle to invest in Indonesia. It is
managed by Credit Suisse Asset Management and has come down from a March
2005 price of $6.99 and a premium of 8% to net asset value a current price
of $5.76 and a discount of 2% to net asset value. The Indonesia stock market
was up 47% in 2004 and is now trading at about 11 times earnings which
is in line with the MSCI Emerging Markets Index.
Stoking the Fire for Bigger
Pies and Future Abundance
Indonesia has taken the brave
step of opening its financial services sector to majority investment by
international investors; let's also open up other areas such as infrastructure
and power. The most important reform to make Indonesia more attractive
to international capital is to set up a transparent and clear approval
process to cut out red tape and corruption. Then reinvigorate a previously
announced plan to privatize some of Indonesia's 145 largest state-owned
companies to increase their profitability and raise more government revenue.
Finally, why not follow ten other countries by putting in place a flat
tax to rein in bureaucracy, stymie corruption and stimulate growth and
productivity.
Cutting fuel subsidies, addressing
pressing social needs, increasing oil production and privatizing state-owned
companies will put Indonesia back on the track of prosperity and progress.
Jakarta
Hotels
About the Author
Carl Delfeld is head of the
global advisory firm Chartwell Partners. He served on the Executive Board
of Directors of the Asian Development Bank in Manila and is the author
of The New Global Investor. For more information go to http://www.chartwelladvisor.com |
| HOTELS
IN JAKARTA, INDONESIA |
|
Featured Hotels in Jakarta:
Full
list of Jakarta Hotels
 |
Alila
Hotel, Jakarta ****
This is a 4
star hotel, classified as a Superior First class property. It offers style
and comfort. Recently built, the hotel's decor and equipment are new and
well designed. Guest are offered comfort and relaxation, as well as a fitness
centre, swimming pool, and business centre. This is an ideal property for
Fit travellers seeking for convenience and very easy access to business
area. The rooms are spacious. Well decorated and elegantly furnished,
the rooms offers trendy style. They are all with wooden floor combined
with soft colours which provide a warm atmosphere. Tea/coffee accompanying
wake up call and broad band internet access provided in guestrooms.
Main restaurant offers japanese, Mediterranean and Asian specialities. |
 |
Aston
Sudirman Hotel, Jakarta *****
Property located
in Jakarta business district (Thamrin - Sudirman - Gatot Subroto), within
walking distance to new big shopping complex and Sarbini Hall. Very suitable
for business travellers and also families. There are a total of 255
rooms, which consists of 251 Suites and 4 Penthouses. All Suites are fully
furnished and equipped with individually controlled AC, Satellite TV, DID
and IDD Telephone, ensuite with both bath and shower. All guest rooms have
a full range of facilities such as: living & dining area, kitchenette,
study room, utility room and balcony. The kitchenette has microwave, chinawares,
refrigerator, coffee & tea making facilities and cooking utilities.
The main restaurant serves international and local cuisines. |
 |
Atlet
Century Park Hotel, Jakarta ***
This hotel has
just newly refurbished and feature 3 executive floors of exclusive accommodation,
meeting room and club lounge serving complimentary continental breakfast,
coffee/tea and snacks in the afternoon and evening cocktail. Besides that,
this hotel also has private lounge on each floor, semi olympic swimming
pool, health & fitness center and 2 Outdoor tennis courts. Guestrooms
are spacious and features multilingual satellite television, in-house movie,
in room coffee & tea making facility, mini bar, voice message, sofa
bed (can be converted into a bed), in room safe deposit box, bathroom with
two showers, local and IDD telephone line. Main restaurant is located
on the ground floor, serving both Indonesian and International dishes in
relax casual atmosphere. |
 |
Crowne
Plaza (Executive) Hotel, Jakarta *****
The hotel is
5 star hotel and is considered as the Superior First class property. It
is conveniently situated in Jakarta which offers excellent facilities.
241 guest rooms and suites are decorated with tasteful and equipped withmodern
facilities, which includes the non-smoking floor and handicapped rooms.
There is a wide selection of food and beverage options to choose from the
three restaurants, include the international, Japanese and Spanish cuisine
respectively. |
 |
Dharmawangsa
Hotel, Jakarta *****
The hotel is
a peaceful of oasis of tranquility, luxury and sophistication. The hotel
is built as exclusive 5 stars boutique properties and private indonesian
mansion. The entrance to the hotel is complemented by lush gardens punctuated
with mature trees. Each guestroom and suite is developed in one of five
thematic schemes using 100% traditional and original materials: Java, Pesisiran
(North Java), Bali, South Sumatra and East Indonesia. Spacious room started
from 66 sqm. Featuring Indonesian influence, marble bathroom with separated
shower and bath and full deluxe facilities. The main restaurant is
located in lobby level next to reception area, offers all day dining cuisine.
With seating for 84 guests, it offers breakfast, lunch and dinner |
 |
Hotel
Sari Pan Pacific, Jakarta ****
Sari Pan Pacific
sets an excellent example of international standards of hotel luxury and
is noted for its fine cuisine and warm Indonesian welcome. Featuring 400
tastefully appointed rooms and suites, The Sari Pan Pacific Jakarta is
conveniently located just 35 minutes drive from Jakarta's Soekarno Hatta
International Airport and within easy access of Jakarta's many exciting
attractions. Above all, this four-star hotel provides five-star service
and is Jakarta's preferred business address. |
 |
Ritz
Carlton Hotel, Jakarta *****
333 guest rooms
including suites and Presidential suite, 24-hour in-room Dining, three
exquisite restaurants, a sophisticated nightclub and bar with live music,
dancing and 15 karaoke rooms, Spa and Ritz Kids activity program.
The Roman style column is the unique icon of The Ritz-Carlton, Jakarta
and the hotel was designed according to the principles of Feng Shui, and
ancient Chinese practice for creating balance and harmony. Room Information
: 3.5 meter/11.5-foot ceilings with full length windows, and bath feature
floor-to-ceiling windows overlooking the city, designer bath essentials
anda-42-inch plasma screen television enhance guests stay. |
More
Jakarta Hotels
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