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PMDN AND PMA PROJECTS IN FIRST AND SECOND WEEKS OF JULY 1999.

Domestic Investment (PMDN)

In the first and second weeks of July, 1999, BKPM issued licenses to at least 3 new projects with the PMDN facility. The largest among the projects was proposed by PT Dwi Cipta Tata Buana with an investment of Rp 9.9 trillion. The company which operates in hotel, golf course and recreation business, planned to build a 5-star hotel with 2,000 rooms, a 36 hole golf course which are expected to sell services worth Rp 140 billion a year. The project to be built in Denpasar, Bali, would employ 1,204 Indonesian workers and 38 expatriates.

The second largest project was proposed by PT Gamari Industri, which planned to build cosmetic and palm oil processing factory with an annual production capacity of 648,000 tons of CPO, 165,000 tons of cheese, 60,000 tons of margarine and 9,360 tons of glycerin and 60,000 tons of cosmetics. The project was estimated to cost Rp 700 billion. It is to be built in Dumai, Riau employing 578 Indonesian workers and 17 expatriates.

Foreign Investment (PMA)

In the same period, BKPM also issued licenses for 8 projects with the PMA facility. The largest among the project was proposed by PT C.Y. Tas Indonesia, which is owned by Park Corporation Ltd from South Korea. The company planned to build factory to produce leather and synthetic leather goods with a total production capacity of 1.2 million units a year. The project was to be built in Serang, West Java with an investment of US$ 1.2 million. It would employ 1,500 Indonesian workers and 7 expatriates.

The second largest project was proposed by PT Barca Schindler Lifts, a joint venture company between PT Barca Indonesia and Jardine Schindler (Pacific) B.V. from the Netherlands. The construction consultancy company planned to turn out a service income of US$ 10.4 million a year. The project was estimated to cost US$ 1 million. It is to be based in Jakarta to employ 57 Indoensians and 3 expatriates.

Table - 1 PMDN projects final approvals from BKPM during the first and second week of July 1999
 a. Name of company a. Line of business
 b. Location b. Production capacity/annum

 NEW PROJECTS

1. a. DWI CIPTA TATA BUA- a. Hotelry, golf course and
 NA, PT recreational services
 b. Buleleng, Bali b. 5-star hotel - 2,000 rooms
 Golf course - 36 holes Golf course - 36 holes
 Recreation services Recreation services
 - Rp 140,000 million - Rp 140,000 million

2. a. GAMARI INDUSTRI, PT a. Palm processing and
 b. Dumai, Riau cosmetic industry
 b. CPO - 648,000 runs
 Cheese - 165,000 tons
 Margarine - 60,000 tons
 Glycerine - 9,360 tons
 Cosmetic - 60,000 tons

3. a. TRISULA GARMINDO a. Garment industry
 MANUFACTURING, PT b. Garment
 b. Bandung, West Java -66,666 dozens

 a. Name of company a. Investment (Rp)
 b. Location b. Manpower

 NEW PROJECTS

1. a. DWI CIPTA TATA BUA- a. 9,991,450 million
 NA, PT b. Ind. : 1,204
 b. Buleleng, Bali Expt.: 38
 Golf course - 36 holes
 Recreation services
 - Rp 140,000 million

2. a. GAMARI INDUSTRI, PT a. 700,000 million
 b. Dumai, Riau b. Ind. : 578
 Expt.: 17

3. a. TRISULA GARMINDO a. 15,167 million
 MANUFACTURING, PT b. Ind. : 508
 b. Bandung, West Java Expt.: 3



Table - 2 PMA projects final approvals from BKPM during the first and second week of July 1999
 a. Name of company a. Line of business
 b. Indonesian party b. Production capacity
 c. Foreign party per annum

 NEW PROJECTS

1. a. BERCA SCHINDLER a. Construction works and
 LIFTS, PT consulting services
 b. Berca Indonesia, PT b. Service value - US$
 10,400,000
 c. Jardine Schindler (Pacific)
 B.V. (Netherlands)

2. a. C.Y. TAS INDINESIA, a. Leather and imitation leather
 PT product industry
 b. -- b. Variety of leather bag
 product
 c. Park Corporation Ltd. - 1,200,000 pcs
 (South Korea)

3. a. DATA SYSTEMSDO a. Export trading services
 OVERSEAS, PT b. Service value
 b.-- - US$ 750,000
 c. Mohamed Bashir Gargum
 (Canada)

4. a. GARGUM BROTHERS, a. Garment industry
 PT b. Garment
 b. Muchsin, Mr - 60,000 dozens
 c. Mohamed Bashir Gargum
 (Libya)

5. a. HADI FURNITURE, PT a. Furniture industry
 b. -- b. Furniture - 1,200 [m.sup.3]
 c. Hussein Abdullah Issa
 (Australia)

6. a. MAESOD THAINDO LES- a. Export trading services
 TARI, PT b. Service value
 b. Tjonggah Ika - US$ 5,500,000
 c. Tanakorn Thapisatien
 (Thailand)

7. a. OBEN JOSSE BALI, PT a. Real estate development
 b. -- b. Simple house - 30 units
 c. Josse Marie Mathieu Oben Medium house - 15 units
 (Belgium) Luxury house- 5 units

8. a. PELANGI ERA DUA- a. Textile dyeing industry
 SATU, PT b. Dye yam - 1,200 tons
 b. Yuliana Juparki Dye fabrics
 c. Song Chyong Jeou - 600 tons
 (Taiwan)

 a. Name of company a. Investment(US$)
 b. Indonesian party b. Manpower
 c. Foreign party c. Location

 NEW PROJECTS

1. a. BERCA SCHINDLER a. 1,000,000
 LIFTS, PT b. Ind. : 57
 b. Berca Indonesia, PT Expt.: 3
 c. Jardine Schindler (Pacific) c. Jakarta
 B.V. (Netherlands)

2. a. C.Y. TAS INDINESIA, a. 1,200,000
 PT b. Ind. : 1,501
 b. -- Expt.: 7
 c. Park Corporation Ltd. c. Serang,
 (South Korea) West Java

3. a. DATA SYSTEMSDO a. 600,000
 OVERSEAS, PT b. Ind. : 20
 b.-- Expt.: 2
 c. Mohamed Bashir Gargum c. Semarang,
 (Canada) Central Java

4. a. GARGUM BROTHERS, a. 600,000
 PT b. Ind. : 100
 b. Muchsin, Mr Expt.: 4
 c. Mohamed Bashir Gargum c. Bekasi,
 (Libya) West Java

5. a. HADI FURNITURE, PT a. 1,000,000
 b. -- b. Ind. : 214
 c. Hussein Abdullah Issa Expt.: 5
 (Australia) c. Kudus,
 Central Java

6. a. MAESOD THAINDO LES- a. 750,000
 TARI, PT b. Ind. : 26
 b. Tjonggah Ika Expt.: 2
 c. Tanakorn Thapisatien c. Medan,
 (Thailand) North Sumatra

7. a. OBEN JOSSE BALI, PT a. 780,000
 b. -- b. Ind. : 17
 c. Josse Marie Mathieu Oben Expt.: 2
 (Belgium) c. Badung, Bali

8. a. PELANGI ERA DUA- a. 762,500
 SATU, PT b. Ind. : 390
 b. Yuliana Juparki Expt.: 2
 c. Song Chyong Jeou c. Tangerang,
 (Taiwan) West Java



Source: Data Consult3
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Comment:PMDN AND PMA PROJECTS IN FIRST AND SECOND WEEKS OF JULY 1999.
Publication:Indonesian Commercial Newsletter
Geographic Code:9INDO
Date:Sep 14, 1999
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