Editor’s corner Dear Readers,

In 2008, is export rose 20 percent to 136.76 billion dollars, while imports surged 73 percent to 128.79 billion dollars. The trade surplus for the year dropped H.E. M. WAHID SUPRIYADI sharply to 7.97 billion dollars from 39.93 billion in 2007. Ambassador Extraordinary and Plenipotentiary Realizing the possibility of a negative impact from the JOKO SANTOSO Minister Counsellor/ current global crisis, such as reduced demand for export goods from Political Affairs developed countries, the government will pursue a ‘top priority’ market- NICO ADAM seeking campaign in 2009. UAE is one of the major new destinations for First Secretary/ export market expansion. Economic Affairs

M. ARIF HIDAYATULLAH At the beginning of the year, the Indonesian Embassy in Abu Dhabi has Second Secretary/ Economic Affairs made an agreement with EMKE Group to promote Indonesian products in the UAE through an Indonesian Festival at all Lulu Supermarkets in UAE. ABDI SATYA UTAMA Second Secretary/ This project is part of efforts to penetrate the global market with Indonesian Information, Social and Cultural Affairs products to UAE’s market.

HANAN HADI Third Secretary In order to maintain awareness about Indonesia, the Embassy has also Protocol & Consular Affairs been active in promoting cultural diplomacy by introducing the richness of SUKARTONO DALIL Indonesian cultures through cultural performances at Global Villages as Administration Officer well as at Abu Dhabi Cultural Foundation on 2nd of March. ASDEDI Administration Officer Enjoy the current edition and wish you good luck in 2009. THE EMBASSY OF THE REPUBLIC OF INDONESIA Zone 2, Sector 79, Villa No. 474 Nico Adam Sultan bin Zayed Street (Street- Editor in Chief 32), Al Bateen Area P.O. BOX 7256 Abu Dhabi, United Arab Emirates Phone : +971 2 445 4448 Fax : +971 2 445 5453 E-Mail :[email protected] Content : [email protected] Website: www.indoemb.org/kbri/ • SBY kicks off free trade zone ...... 3 Design Graphics and Layout: • President Yudhoyono calls on businessmen Nico Adam to remain steadfast ...... 4 • Minister hopes new forestry programs can stop deforestation ...... 5 • Log Export expected to raise timber price ...... 6 • ASEAN, India to ink FTA soon, boost trade by 30% ...... 7 • Islamic retail bonds on offer in January ...... 8 • Islands Province ...... 9 • Exhibition and Promotion Event ...... 11 Bintan Resort Beach, Bintan Islands (Nico Adam) • Gallery ...... 12 2 INVESTMENT

SBY kicks off Batam Free Trade Zone

resident Susilo Bambang Yudhoyono has officially launched the much- Pdelayed Free Trade Zone for Batam, Bintan and Karimun in .

The launching, ending five years of legal uncertainty for businesses, was marked on Monday (19/1) by the issue of new government regulations on customs, tax and duties for goods entering the three islands.

Companies operating in the islands will no longer pay value- added tax (VAT), import duties and luxury tax, spurring hope that more foreign businesses will invest in the islands to tap low production costs.

“All necessary legal supports are now there to turn the islands into Map of Riau Archipelago, and Malaysia a free trade zone,” said President Yudhoyono also investment, more than double the Yudhoyono, accompanied by inaugurated eight projects in the $484 million received in 2006. Trade Minister Mari Elka Pangestu manufacturing sector worth Karimun alone attracted $700 and Investment Coordinating US$604 million, three in the million last year. “We are upbeat Board chairman Muhammad tourism sector valued at Rp 250 that with all the legal hurdles Luthfi. billion (US$22.3 million) and one cleared, foreign investment will port project worth Rp 1.2 trillion, significantly rise,” he said. “If you hear there are still as well as two hotel expansion obstacles to doing business here, projects worth $30 million. These Batam, Bintan and Karimun are including illegal fees, please projects will create more than just 30 minutes from Singapore by informed me directly. I will take 12,000 new jobs. ferry. Indonesia and Singapore stiff action against those who have already signed a deal for dare to disturb the business Riau Islands governor Ismeth massive investment in the three community here.” he said. Abdullah said that legal islands. uncertainties for foreign investors, However, Singapore businessmen who had been had been hesitant to invest reluctant to come in heavily in the islands until they before, were now were sure of clarification of past settled. Ismeth said uncertainties concerning investment in the governance, administration and Riau Islands now management of the free trade exceeded $11 billion zones. from more than 1,150 foreign companies. Under new government regulations, loading and In 2007 Riau Islands unloading of all imports and attracted about $1 exports can only be done at five billion in new ports; Batu Ampar, Kabil and M. Lutfi as a Chairman of Investment Coordinating Board is Sekupang in Batam, Loban in welcome foreign investment to Batam Free Trade Zone. 3 Bintan, and Parit Rompak in Karimun. President Yudhoyono calls on “Exports and imports done businessmen to remain steadfast outside these ports are illegal,” said Riau Islands custom chief Nasir Salim, adding goods resident Susilo Bambang entering the islands were not Yudhoyono called on allowed to be sold in other parts business companies of Indonesia unless they paid Poperating in the Free Trade Zones necessary taxes. in Batam, Bintan and Karimun to remain steadfast in the current “We have prepared patrol boats global economic crisis. that will guard the islands 24 hours a day. We will specifically He made the appeal during a monitor loading and unloading dialogue with Indonesian and activities outside the five ports. Singaporean businessmen at Turi And believe me the sanctions will Beach Resort here on Monday be harsh,” he said. evening(19/1).

Batam’s main industries are “While the storm is not yet over, electronics, manufacturing and it is certain that exports will drop shipbuilding. Bintan, with its whereas Batam, Bintan and garment and electronics Karimun are relying on exports. manufacturing industries, So I ask for your understanding The head of state said the measures 4,063 square kilometers. that the world market is indeed essence of economic recession is Karimun, renowned for its deep- weakening and shrinking. Well declining demands and sea port, covers an area of 8,000 this year we have to struggle to therefore the only way to solve square kilometers. survive, so that in time later we the problem would be could rise again,” he said. safeguarding demands. Chairman of the Indonesian Chamber of Commerce and To ease the burden of President Yudhoyono also called Industry for Riau Islands chapter businessmen, the President said, on the people not to cut their Johannes Kennedy Aritonang the government has since spendings. “Those who can said there would need to be September 2008 cooperated afford to buy things need to keep much work in the field to ensure with the central bank and some buying so that products from the all the government’s promises businessmen to issue special real sector are maintained. Let were met. policies such as government us act like business is as usual in regulations in lieu of laws, a positive sense,” he said. “We will now see incentives, stimulus and others. implementation in the field. Will The President said the general the islands become more “They are all aimed at calming elections Indonesia would hold attractive as planned or not?” the market and reducing the in the near future would be one said Johannes. burden of businessmen to of the forms of economic maintain the real sector,” he movement. said. “Indonesia will conduct general To maintain the people‘s buying elections. A lot of colourful flags power, the business community have been raised and in the not needs to give their contribution too distant future campaigning by reducing prices if possible, he will be done and in April voting said. for legislative candidates will take place which will be “If there is an opportunity to followed later by presidential maintain prices or even lowering elections. The business. I appeal them, demands will be to parties to raise as many flags maintained, and there will also as possible, make as many be buyers,” he said. campaign T-shirt as possible and Kiaikanjeng perform at AD Cultural Foundation 4 TRADE

hold as many music performances as possible so that Minister hopes new forestry singers get a fortune and economy is moving,” he said. programs can stop deforestation

He said the government was ready to lose or to see the foreign exchange reserve drop so long as people did not lose.

Regarding the country‘s economic condition President Yudhoyono said quoting “The Economist” that it was so far so good.

“I think it was issued last week. There was a small article about Indonesia there titled “So far so good”. Articles written by the Economist or the Times must have no political motives,” he said. ew forestry programs around forest areas, and forest It was said Indonesia‘s economy were expected to be consolidation,” Kaban said. grew 6.3 percent in 2007 and 6.1 successful in stopping percent in 2008. He said it NIndonesia‘s deforestation, The minister explained Indonesia showed that the real economy Forestry Minister MS Kaban said at had two problems in its forestry in 2008 still moved and so if a forestry dialog held at ANTARA sector. The first was the high rate Indonesia could withstand in News Agency‘s building here of deforestation which covered 2008 it would certainly be able Wednesday (21/1). 2,38 million hectares between to do it too in 2009. 1997 and 2000. The second “We have set five programs on problem was the extensification “Last year we could withstand so eradication of illegal logging of forest degradation to 59 I hope the economic growth and trading in the state forests, million hectares. target that we have already forestry revitalization, revised can be achieved and I conservation and rehabilitation “The situation has put Indonesia ask for your cooperation for it,” of forest resources, employment as one of the countries with the he said. of people living inside and highest number of forest The government has corrected the country‘s economic growth to 4.5 and 5.5 percent.

5 INVESTMENT

damages in the world,” Kaban “We are doing a repressive cooperation. However, he said, said. action by directly coming to the the dialog with Malaysia‘s location and stoping the illegal government was facing a dead Therefore, the minister said the logging process there,” the end. five strategic programs launched minister said. by the government would be “Therefore, we are planning to useful to reduce a deeper forest Kaban added Indonesia‘s ask international non crisis in Indonesia. government had set a dialog governmental organizations forum with other countries such (NGOs) to work in the Asked about the government‘s as Malaysia and China to discuss environmental sector to help the action against illegal logging, bilateral cooperation to fight negotiation process,” Kaban Kaban said that his ministry along illegal logging. said. with the National Police, the National Defense Forces (TNI), the The minister said the dialogue Attorney General‘s Office (AGO), with Chinese authorites had run the Customs Directorate General smoothly. Infact, he added, the and other relevant institutions Chinese minister of forestry had were working hard to eradicate come to Indonesia to discuss the illegal logging in Indonesia. implementation of the Log Export expected to raise timber price

he Forestry Ministry’s plan to Mustoha said the HTI log prices, development of their forestry open exports of logs which were set at a range of estates. produced from timber Rp220,000 (Dhs.73) to 230,000 estatesT (HTI) would help HTI (Dhs.76) per cubic meters, were The Indonesian government is businesses strengthen their less profitable as HTI businesses studying the possibility of exporting bargaining power in facing could not maintain the logs produced from timber estates domestic pulp and paper development and expansion of (HTI). industries at home, an executive their estates. said. According to the director general “So far, the prices offered by the for timber estate development of “It will increase HTI businessmen’s pulp and paper companies are the Ministry of Forestry, Bejo bargaining position. So far, they too low but HTI owners have no Santoso, the study on the are facing difficulties in choice because there are only possibility of log exports was aimed developing their timber estates two companies which purchase at expanding the export market due to unfavorable prices,” their products,” Mostoha said. and in response to a decline in President Director of state-owned domestic demand for timber. forestry company PT Inhutani IV, He said that demand Mustoha, said here on Monday for timber in the world (19/1). market in the last several years remained He said that Asia Pulp&Paper on the rise, although and Riau Andalan Pulp&Paper pulp and paper prices (Riaupulp) were two pulp and dropped to US$560 per paper giants which absorbed ton. some 85 percent of the timber produced by HTIs. Therefore, Mustoha expressed hope that Mustoha who spoke during a the Indonesian Forestry discussion with forestry reporters Businesses Association on the government plan to (APHI) would play a export logs, said that the decisive role in fixing imbalance between pulp prices of HTI logs. Thus, industries and HTI businesses HTI businesses could caused a significant resume the disadvantage to HTI companies. 66 ASEANASEAN andand IndiaIndia to ink FTA soon, boost trade by 30%

We are only ASEAN groups include Brunei, waiting for Cambodia, Indonesia, Laos, the day that Malaysia, Myanmar, the we sign our Philippines, Singapore, Thailand respective and Vietnam. signature on the docu- Pitsuwan is upbeat that no ASEAN ment,” said member countries would be left Pitsuwan on out from the benefit of the the sideline of FTA.”We export more to India the Delhi than India to us,” he said. Dialogue, Pitsuwan said ASEAN and India held recently would immediately commence in New Delhi, negotiations on trade in services India. and investment flows.

The dialogue ASEAN and India concluded the discussed FTA negotiations in August, 2008, future under which Indian tariffs will potential reduce to zero on 3,666 items ASEAN-India imported from ASEAN by the end cooperation of 2012. in business and security. The items include fans, air- Pitsuwan conditioner parts, refrigerators, believed the jewellery and ornamental goods, deal would rubber products and plastic boost resins. However, this FTA would merchandise not apply to all goods. For trade volume example, about 600 Indian fter a string of protracted between the two regions by agricultural products will be negotiations since 2003, more than 30 percent this year. exempted from the FTA. ASEAN is to sign a Free ATrade Agreement (FTA) with India “We are hoping that by 2010, Indian businessmen said the deal during its next month’s summit. two-way trade volume would would help ASEAN countries and With a combined market of 1.72 reach US$50 billion. I think the India to mitigate the negative billion people, the deal will form new flexibility from both sides impacts of the deepening global the world’s second largest FTA would certainly encourage us to economic slump. Rajeev after the ASEAN (Association of grow very very fast in our mutual Chandrasekhar, the president of Southeast Asian Nations) and cooperation,” he said. the Federation of Indian China FTA in 2007. Chambers of Commerce and The trade volume between the Industry (FICCI), said the positive ASEAN secretary general Surin two regions was estimated to impact of the FTA might not be Pitsuwan told The Jakarta Post reach more than US$40 billion in seen immediately due to the during a recent trade meeting 2008, up from US$37 billion in 2007, crisis. “We need to see how long the FTA would be signed during according to Pitsuwan. ASEAN the economic slowdown will the group’s summit from Feb 27 has been enjoying a trade surplus play out.” until March 1 at Hua Hin Beach against India. In 2007, ASEAN Resort, around 130 kilometers exports to India reached US$24.66 “The agreement will strengthen south-west of Bangkok, Thailand. billion, while only importing the market, exports and US$12.42 billion. investment flows, in a sense you “It (the FTA) has been completed create an island which has lesser to the satisfaction of both sides. 7 dependence on the volatility in Indonesia-India relations • Indonesia mainly exports palm the West,” said Chandrasekhar. • Indonesia’s population is 230 oil, coal, copper ore, alcohols, million while that of India is phenols, rubber, fruit and nuts Krishan Kumar Modi, Chairman 1.147 billion. to India and imports of Modi Enterprises, one of the • Bilateral trade topped US$6.55 hydrocarbons, animal feed, flat India’s largest agrochemical billion in 2007, leaping from rolled steel products, alloy commodity producers, said his $4.79 billion in 2006. In 2010, steel, sugar molasses, cotton, company could boost sales to trade is forecast to reach $10 aluminium and telecommuni- ASEAN by up to 400 percent . billion. Balance of trade is cations equipment. heavily in favor of Indonesia. Islamic retail bonds on offer in January

he government will start Finance Ministry would offering the first Islamic retail officially announce the bonds (retail sukuk) on Friday yield and the amount Tin an attempt to diversify its of the unloaded sukuk bonds to small and Muslim this week. investors while plugging the 2009 budget deficit. The budget deficit is estimated to reach Rp Rahmat Waluyanto, Finance 132 trillion, or 2.5 Ministry Director General of Debt percent of the gross Management, said during the domestic product weekend the retail sukuk would (GDP), as the be offered from Jan. 30 to Feb. government boosts 20. spending to stimulate the economy. He said the bond would have a three years maturity period with The ministry has been a yield probably ranging promoting the retail between 10.5 percent and 11.2 sukuk to cities nationwide, H.E. M. Wahid Suproyadi give away a souve- percent, trailing the yield of the including Medan, Balikpapan, nir to Dr. Antonio Syafei as an Indonesian Expert in Islamic Banking, after giving a pre- three-year government bond Semarang, Surabaya and sentation in the Embassy. benchmark. Makassar. Rahmat said the sukuk would complement other sharia “We are launch- ing something “The yield will be more products. that is Islamic, but is useful for the competitive than an average economy,” he added. deposit rate in state-run banks,” “The retail sukuk is important to Sukuk complies with the Islamic Rahmat said, adding the build the sharia-based financial Shariah law by using asset returns market. If the market grows, the to pay investors instead of national financial market will interest. strengthen.” So far, the government has only Nasaruddin Umar, Religious issued sukuk to institutional Affairs Ministry’s Director General investors. With the retail sukuk, of Islamic Community small investors can buy the bonds Development, said Muslim from 13 institutions appointed by investors should not hesitate to the Finance Ministry. The retail purchase the sukuk. “The doubt sukuk is offered from Rp 5 million of Muslim Indonesians to invest, and its multipliers. because there is riba (interest) The retail sukuk can be traded at and maisir (speculation), can be the secondary market despite accommodated by the sukuk.” carrying higher risks, Rahmat 8 Visit Indonesia said. “If the price of the retail sukuk plunges, investors should wait until it is matured for redemption.”

Investors will get the yield transferred into their account, in banks or in securities, every month. The yield will be subject to a 20 percent final tax. If investors fail to report to the stock exchange authorities their sukuk purchases, there will be an additional 15 percent tax, included in their annual tax report.

“It is aimed at boosting transparency. Investors who report to the bourse will get tax incentives,” Rahmat said. If investors sell their retail sukuk, the sales will be subject to taxes. Danareksa Sekuritas analyst Edwin Syahruzad said sukuk was the most secured investment product existing. Riau Islands Province “Our research concludes that World Class Infrastructure & Sustainable Environment sukuk is more resilient to economic crisis than stocks.” He The Singapore-Riau Island are well served by modern said the retail sukuk with a yield Advantage infrastructure. between 10.5 percent and 10.2 The Riau Islands of Bintan and percent would attract investors, Batam are just a stone’s throw Competitive costs particularly due to slowing from Singapore. Located to the Land and rental costs vary inflation. south of the city-state, and is according to specifications, but strategically located within an whether it’s a commercial When asked over the planned international shipping route ready-to-use factory building or global sukuk, Rahmat said he between the Indian and the customized structure, prices are could not give exact timing due Pacific Ocean. Bintan is 45 km or highly competitive. Raw to global uncertainties. an hour away by ferry, while materials are also readily Indonesia, with the world’s Batam is 20 km or a 45-minute available at cost effective largest Muslim population, ferry ride. Together, these two prices. delayed its first-ever Sukuk issue islands offer abundant labour scheduled for last October. and facilities. Skilled and affordable workforce Global Islamic bond sales may Pro-business environment Suitably trained manpower is fall for a second straight year Industrial facilities at the Riau never in short supply in Bintan and after hitting a record $30.8 billion Islands are conducive to Batam. Labour is highly in 2007 on lower demand from manufacturing. There are affordable, and much lower their target market, oil-rich modern amenities and self- than in other manufacturing Middle East Muslims, according sufficient services, including centers in the region. to Bloomberg. utilities (water and electricity), waste disposal and Track record telecommunications. Systems Both islands have a track record are also in place to ensure that spanning more than 12 years for there is minimal disruption to industrial operations. The number services essential for business of multinational companies has operations. Bintan and Batam grown to reach more than 70. 9 TOURISM

developed, modern infrastructures.

There are three locations of seaport to serve cargo vessels and six locations of passenger ferry terminals around the island to minimize travel times to destinations with more than 100 trips daily serving Singapore and Malaysia. The biggest seaport in Kabil has a berthing capacity of 35,000 DWT (Dead Weight Ton) and is being improved to accommodate ships up to 150,000 DWT. In its ultimate phase, it will have a total wharf length of 5.5 km with an 18 m draft.

The Hang Nadim International Airport has a 4,000-m runway, the Other developments like housing and transshipment area. The longest in Indonesia, to serve and recreational facilities have whole area of Batam, wide body passenger and cargo sprung up. and Galang is also declared as aircraft. The terminal building has bonded area. All imported a total floor area of 31,500 sqm Today, these islands and their goods for production purposes, and will gradually be expanded industrial areas have developed such as capital goods and raw to its ultimate design of 88,000 to become vibrant places for material, are exempted from sqm. both residents and company import tax. Batam is built to be executives working in the an export oriented industrial Telecommunication facilities are industrial parks. area, so as not to compete with also of the highest standard. other industrial areas in Indonesia Electricity is supplied by PLN, the The Riau Islands can easily which market their products state-owned electric company, support both business and leisure within the country. and additional power is also pursuits. supplied by private power plants. Proximity to Singapore is one of What is Batam? the advantages so investors will Suitable Industries The area of Batam Island is 415 not feel isolated in Batam. Batam Seizing the opportunities laying sq km. However, due to the is developed to take benefit of ahead, more business progress of investments and the progress that has been opportunities are opening up in demand of space, the Batam achieved by its neighbour. Batam. Batam is open for any Industrial area was expanded in Facing land scarcity and high kind of industry. There is 1992 with the inclusion of two rate of labor wage, Singapore practically no restriction for other islands, Rempang and takes advantage of land industries to be set up in Batam. Galang and the smaller availability and investment cost However, some industries are surrounding islands, hence, competitiveness in Batam. A more suitable than others. The giving a new name: Batam- close relationship between the largest industry operating in Rempang-Galang or Barelang. two governments has Batam is the electronic and The total area became 715 sq.- encouraged good cooperation computer related industry such as km. All the main islands are linked between private sectors on both components and parts, audio with the Trans-Barelang road, sides. and video equipment, which include six beautiful automotive parts, printed circuit bridges. Advantages in Batam board (PCB) makers, etc. This Besides having a strategic type of industry is most suitable Although dubbed as an industrial location, space availability, because the supply of labor is not area, Batam is developed to labor supply, and government limited and easily trainable. serve four main functions, support, Batam has the Other light industries include namely: industrial, trade, tourism, advantage of having well- fabrication of leather goods, 10 AGENDA

Exhibition and Promotion Event shoes, garment, toys, consumer products, household products, he Embassy of Indonesia in Abu Dhabi and the Oryx Film & TV Production, a production house and healthcare products. T based in Dubai, are jointly promoting tourism and investment potential in Indonesia. Oryx has produced There are some companies hundreds of TV Commercials and more than 100 involved in heavy industry such corporate films for both local and multinational clients. as steel fabrication, pipe The Oryx’s crew will visit Bali and Lombok Island for a threading, oil exploration week. equipment, oil rig fabrication, offshore jackets, and heavy Joint activities will focus primarily on promoting the image and equipment. In addition to that, awareness of and familiarity with Indonesia. Singapore Airlines in Abu there are also 41 shipyard Dhabi and Silk Air (sister company of Singapore Airlines) will participate industries for repair and in this project. shipbuilding in Batam. With Singapore Airlines announced on 25 August 2008 last year that it has adequate hazardous waste signed a Memorandum of Understanding with the Indonesian Ministry of control, the chemical industry is Culture and Tourism (IMCT) to promote Indonesia as a tourist destination also allowed. Among chemical as part of the ‘Visit Indonesia’ campaign. Singapore Airlines is the only industries that are now operating airline flying twice daily to Bali and Lombok. in Batam are fatty alcohol factory, paint producing Singapore Airlines recently had a press briefing to announce the daily factories, pipe coating, and services between Abu Dhabi and Singapore starting from 15 Mar 2009. chemical companies. This cooperation between Oryx Production, Singapore Airlines and the Embassy of Indonesia, will boost and sustain further tourism to Indonesia. Some well-known multinational companies which are already operating in Batam include: ABB, he Indonesian Embassy in Abu Dhabi, in Ciba Vision, Epson, Halliburton, cooperation with EMKE Group, will organize an Hydril, Hyundai, Matsushita, TIndonesian Festival at all Lulu Hypermarket stores, McDermott, Nippon Steel, Pan the biggest supermarket chain in UAE, from 1 – 12 April United Shipyard, Philips, Sanyo, 2009. Schneider Manufacturing, Siemens, Sumitomo, Seagate, This event will paint a more vibrant and colorful picture Nidec and Venture, and of Indonesia; not only by promoting for Indonesian products but also a service of cultural performances, Thomson Television. exotic folk dance, music, variety cuisine, and cooking demonstrations. Investment Incentives • GSP (Generalized System of Competitiveness of Batam can Preferences) facility with 28 be obtained through some donor countries; also the incentives offered: Common Effective Preferential • No import/export duties on Tariff for ASEAN countries. machine, equipment, spare • Investment Allowance with parts, raw material. The whole reduction of income tax for island is duty-free with no certain industries with various import/export tax on any incentives in reduction in items. calculation of net income, • No VAT for all processing accelerated depreciation, industry for export purposes. compensation for losses, and Unlike other parts of Indonesia, lower tax rate considering Batam is a bonded zone, thus, Double Taxation Avoidance does not apply VAT on Agreement. processing products nor • Double Taxation Avoidance consumption goods and Agreement with 51 countries. neither does sales tax on luxury • Competitive cost of investment goods. If the manufactured due to competitive tariffs on products are sold in other non- land lease, labour cost, utilities, bonded parts of Indonesia, and other operating costs. they will then be applied 10% of VAT. Industrial Estate in Batam 11 Gallery

Pakistan Ambassador H.E. Khursed Ahmed Junejo (center) made courtesy General Manager Singapore Airlines Abu Dhabi and General Manager call on Ambassador H.E. Wahid Supriyadi Singapore Airlines Dubai accompanied by their Marketing Manager made visit to Ambassador H.E. Wahid Supriyadi

Ambassador H.E. Wahid Supriyadi congratulate to Mr.Adetono the former Ambassador H.E. Wahid Supriyadi received Prof. DR. Dewi Fortuna Anwar of President of Indonesian Community (Indo-Ruwais) at ADNOC Recreation an Indonesian to Political expert who invited as one of the 21 world experts Centre Ruwais accompanied by Mr. Hery Susyanto as a new President of by Organizing Committee of the World Future Energy Summit Conference Indo-Ruwais. (23 Jan 09) in Abu Dhabi. (21 Jan 09)

DR. Antonio Syafei as an Indonesian expert in Islamic Banking invited by Indonesian ladies wear a colorful dress perform a traditional dance on the Ambassador H.E. Wahid Supriyadi to give presentation about current occasion of the Independence Day Reception at Intercontinental Hotel - economic situation to Indonesian community in Abu Dhabi. (3 Feb 09) Abu Dhabi. (9 Nov 08)

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