and hot cinders were falling all over nearby cars. Some cars were catching fire,” he said.
The fire broke out in or near upper levels of Telkomsel premises, near the J-Co Donuts and Jonny Andreas hair salon premises when the center was packed with shoppers. One person died and several were injured before firefighters brought the blaze under control.
As the picture (supplied by Sander Bleyenberg) shows, three parked cars were destroyed.
REAL ESTATE agents in Batam claim they cannot attract foreign customers due to unattractive regulations on property ownership for foreigners.
Head of the Batam chapter of Real Estate Indonesia (REI) Djaya Roeslim said that foreigners could secure rights over property for a maximum of 25 years only.
“This is too short. Although it could be extended up to 70 years. It’s not appealing and too costly,” he said.
In Malaysia and Singapore, Djaya said, foreigners could obtain rights to own real estate for 70 years and this could be extended.
Any foreigners who want to buy property in Indonesia must have a temporary stay permit (Kitas) or permanent stay permit (Kitap) and fulfill related rules.
“With such a complicated procedure, it’s quite difficult for us to market properties to foreign consumers,” said Djaya.
According to REI data, only 0.1% of total housing properties in Batam are bought by foreigners although at least 50% of a total of 5,000 foreign workers in the city are potential buyers. – The Jakarta Post
THE SWEDISH aircraft support company, Saab, has proposed developing Hang Nadim international airport in Batam as an environmentally friendly, or “eco,” airport.
The company has presented the proposal to Batam Free Trade Zone Management Agency (BP FTZ), the owner of Hang Nadim.
BP FTZ director Dwi Djoko Wiwoho, said that traffic in Batam had grown significantly in recent years and Saab saw potential for an eco airport to be developed.
“An eco airport supports a sustainable development,” said Djoko. “The Swedish company proposes Hang Nadim as a pilot project.”
“An eco airport needs an environmentally friendly interior design, reduced CO2 emissions, garbage sorting, and use of energy-saving equipment,” said Djoko.
Several airports in Asia, such as Terminal 3 of Changi International Airport in Singapore, have adopted eco-standards by, among others things, maximizing the use of sunlight.
“We are interested as long as the financing is reasonable,” said Djoko.
STATE-OWNED insurance company PT Jamsostek says it will be proceeding this year with the establishment of its new hospital for workers in Batam. Premises for the hospital have been built at Tanjung Uncang.
There are programs also for hospitals in Bekasi, West Java; Surabaya, East Java; and north Jakarta, including low-cost apartment buildings, to offer better healthcare to workers.
There are plans for two low-cost apartment buildings for workers in Cileungsi, West Java, and Semarang, Central Java.
The low-cost apartment buildings in Jakarta would be the eighth and ninth, following on the construction of seven similar buildings in industrial areas in Batam and Cikarang, West Java, Jamsostek president director Elvyn G. Masassya said
Jamsostek earned Rp 4.7 trillion (US$484 million) in revenue from its investments in the first quarter of 2013, adding to its accumulated investment fund of Rp 140 trillion as of March 31.
Elvyn said that the company was able to maximize its yield of investment (YoI) after it reallocated part of the investment in private company bonds in the capital market with approval from the government as the firm’s main shareholder.
“The funds used to build the affordable apartments and the hospital come from Jamsostek’s annual profits and government dividends,” he said, adding that Jamsostek had stopped paying dividends to the government as its principal shareholder in 2008.
“With the good YoI, Jamsostek’s total assets increased to Rp 145.9 trillion in March this year from Rp 135.7 trillion on Dec. 31, 2012. With the same strategy, we are optimistic we can reach our targeted YoI of Rp 14.6 trillion and total assets of Rp 156.8 trillion this year,” he said.
Jamsostek’s director of investment, Jeffrey M. Manullang, said that in order to attain maximum revenue and sustainability of return, Jamsostek had decided to allocate a large chunk of the funds for the purchase of shares of publicly listed state-owned enterprises, besides investing in bonds in the capital market.
This investment strategy had given Jamsostek 16% annual growth from 2008 through last year. Between 1992 and 2007, Jamsostek’s investments grew at only an average 8% per year. Jamsostek paid Rp 10 trillion in compensation and benefits last year.
Jamsostek is slated to become a nonprofit organization by January next year. Elvyn said the government was allowing Jamsostek to continue its current investment strategy. Jamsostek would prefer to invest in private company bonds traded in the security market due to their higher yields. –Jakarta Post