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An outlook of Indonesia Insurance Industry

Insurance pic - taken from http://skydrive.com.ukJust recently, I read a news that there are still a lot of Indonesian citizen who do not hold any single insurance policy. Despite the fact that there are a lot of penetration in Indonesian market by a local and Internatioal Insurance company, in one of the article that I read, if we compares to Indonesian inhabitants which is estimated to 220 million people (www.Menkokesra.go.id), the insurance policy holder is just 12 millions people. So it is only 6 percent from total Indonesia population. Even if we compared to Indonesia neighbour countries like Malaysia and Singapore, this number is really really small. In those countries, the number of Insurance policy holder is reaching 30-40 percent (www.republika.co.id).

Since Indonesia market potential for Insurance is really big, there is no wonder Indonesia became a target by many International Insurance company. This situation is very different when we look back around 5-10 years ago. In those days, Indonesian Insurance company rule the market share. But I think now the situation is changing.

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indonesia insurance industry, insurance industry overview, market share for motor vehicle insurance in indonesia 2010, top 10 COmpanies in Indonesia industries, world bank website on indonesia insurance industry

Indonesian rubber prices increased

Raw Rubber - taken from http://prospect.rsc.org

Raw Rubber - taken from http://prospect.rsc.org

I read on this site that there is an increased in Indonesian rubber price due to limited stock and increasing demand from International business community.

As mentioned in Antara site, the price of Indonesian rubber SIR 20 in the international market continued to rise and has reached US$3.12 per kilogram for February shipment due to tight supply and increasing demand, said executive secretary of the North Sumatra Association of Indonesian Rubber Producers (Gapkindo), Edy Irwansyah.

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rubber price, price of raw rubber, why increased price of rubber, why rubber prices have increased?

Dubai Drydock World deliver another Jack Up Drilling Rigs

Jack up Drilling Rig - taken from http://1.bp.blogspot.com

Jack up Drilling Rig - taken from http://1.bp.blogspot.com

I read on the newspaper yesterday, that one of famous shipyard company in Batam has just finished one of their big shipyard project (valued as USD 200 Millions) and delivered it to their customer in Norwegia. The company is Dubai Drydock World (DDW), one of the biggest shipyard company, which is located in Tanjung Uncang Batam Indonesia. On the news it is said that the project is called “Jack up Drilling Rigs L205 Haven“. The customer of this project is an Norwegian offshore oil drill company, Master Marine.

During ceremony, Mark Biggs (Dubai Drydock World South East Asia Managing Director) said that up to now their company has completed 5 rigs for international customers such as Angola, Malaysia, and UEA. Biggs also added that now their company is currently undergo in another 4 similar projects which is Jack up Drilling Rigs L206 (expected to be completed in Sep 2010), L207, L208 and L209. He added that one project is taking at least 30 months to complete.

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S Korea order Indonesia CN235 Aircraft

CN-235 aircraft pic - taken from http://www.airforce-technology.com

CN-235 aircraft pic - taken from http://www.airforce-technology.com

I read on this site that even though lately Indonesia aircraft industry is not getting headline in any news, it never meant that they fell asleep. Today I read an interesting news that Indonesia company, PT Dirgantara Indonesia are now even building an aircraft order for South Korea which shall expected to be finished at then end of 2010.
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State aircraft manufacturer PT Dirgantara Indonesia (PTDI) is scheduled to hand over one of four CN-235/ MPA (Maritime Patrol Aircraft) ordered by South Korea, by the end of 2010.

“Four CN-235/ MPA aircraft are currently under construction by PTDI to meet the South Korean order. One of the planes would be handed over to South Korea by the end of 2010,” PT Dirgantara Indonesia`s chief spokesman Rokhendi said in Bandung Friday.
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CN 235 MPA, LOGO PT DIRGANTARA

Puri Industrial Park 2000 | List of Tenants

Batam Industrial Park Map

Batam Industrial Park Map

For those of you who looking an info for companies list and their Field of Business in Puri Industrial Park 2000, then you can find such info on below posting. Puri Industrial Park 2000 is located in Batam Center area, Batam Island, Indonesia. This Industrial Estate location is quite near from Batam Center Ferry Terminal.

Puri Industrial Park 2000 starts its operation on 2002. Puri Industrial Park 2000 is known as an area for an area for the best companies that provide various service for Local and International companies.

By the way, to see the complete list of Industrial Estates/Park in Batam Island Indonesia, you can refer to this post and this post.

Here is the list down of companies in Puri Industrial Park 2000 and their field of business :
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alamat puri industrial park pt sinyotama, PT Roda Asia Jaya batam, pt mkff, panbil industrial park, nusatama propertindo panbil, Nusatama Properta Panbil, mukakuning - DC mall map, industrial tenant indonesia, industri di puri industrial park 20000, Batu Ampar