State-owned toll road operator Jasa Marga (JSMR) saw its net profit more than double in the first half of 2024 reaching Rp 2.35 trillion ($152.42 million) This surge was largely driven by higher traffic during the Eid Al-Fitr holidays in April Senior Group Head of Corporate Finance & Investor Relations attributed the profit rise to new tax regulations that added Rp 600.41 billion in deferred tax income the company’s core profit rose 52.05 percent to Rp 1.75 trillion “This growth shows our strong financial performance boosted by increased traffic and the Eid holiday impact,” Haning said during the Public Expose Live 2024 leading the toll road sector with 1,264 km of roads—45 percent of Indonesia’s toll network—is working on five new projects including Jakarta-Cikampek II Selatan and Jogja-Solo The Jogja-Solo Toll Road (Kartasura-Klaten) is set to open by the end of 2024 “Our focus on operating and maintaining toll roads through our subsidiaries JMTO and JMTM aims to grow our market share,” Haning added Cari English The Tangled Thread of High Cost Economics in Indonesia TEKS › English›The Tangled Thread of High.. Iklan The Tangled Thread of High Cost Economics in Indonesia Investment as a solid engine of economic growth has not been able to boost the economy out of the 5 percent trap Audio Berita This article has been translated using AI. See Original Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us at hotline@kompas.id and we'll make every effort to address them TEKS The following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found in Benang Kusut Ekonomi Biaya Tinggi di Indonesia Illustration - Construction of the Kartasura-Klaten toll road section in Ngabeyan Village This 22.3-kilometer section of the Kartasura-Klaten route is part of the 96.57-kilometer Solo-Yogyakarta-Adisutjipto International Airport toll road KOMPAS — Various structural reform measures and massive infrastructure development carried out by the government in the last nine years have not been able to increase economic growth which is still stagnant at around 5 percent which are rooted in corrupt practices and high logistics costs Indonesia's economy has been stagnant at around 5 percent The average economic growth during the first period of Joko Widodo-Jusuf Kalla's administration (2014-2019) was 5.03 percent the average economic growth in the second period of Jokowi-Ma'ruf Amin's administration was 5.18 percent Based on the latest data from the Central Statistics Agency (BPS) Indonesia's economy grew 5.05 percent on an annual basis (year on year) decreasing from economic growth in 2022 which was 5.31 percent the economy was able to grow high due to the increase in world commodity prices (commodity boom) Also read: Indonesia's Economic Path Increasingly Steep Towards a Developed Country According to senior economist Raden Pardede, Monday (12/2/2024), in the last few years investment which should be a motor for solid economic growth has not been able to boost the Indonesian economy until it gets out of the trap 5 percent Even though the actual investment value has increased almost four times in the last decade from Rp 398.6 trillion (in 2013) to Rp 1,418.9 trillion (in 2023) economic growth is still "stagnant" at around 5 percent each year A worker is seen amidst steel constructions at a manufacturing factory construction project in Sayung District The North Coast region of Java in Central Java has seemingly grown into an industrial area due to the easy access it provides for investors The development of this industrial area is also supported by roads and ports for goods and services Law Number 11 of 2020 concerning Job Creation or omnibus law with its efforts to cut bureaucracy and regulations should be able to overcome various obstacles in investing and create a more efficient business climate the law has not been able to overcome the various investment obstacles "The Omnibus Law on Job Creation should have been able to trim various inefficiencies but its implementation is still problematic This is a homework that needs to be addressed by the next government," said Raden when contacted." Currently, investment in Indonesia is still considered inefficient, as can be seen from Indonesia's incremental capital to output ratio (ICOR) indicator which is still relatively high according to records from the Coordinating Ministry for Economic Affairs That results in a high-cost economy that becomes an obstacle to investing rampant corruption and extortion also make investment costs in Indonesia remain high ICOR can be a parameter to measure the level of investment efficiency in a country. The higher the ICOR value, the more inefficient a country is for investment. In fact, investment should be a more solid economic driver compared to household consumption which is currently still the main supporter of the Indonesian economy several advanced countries currently have an ICOR under 3 percent neighboring countries in Southeast Asia have a lower ICOR than Indonesia attracting huge investment in terms of value investors will be more interested in making quality investments," said Raden who is also a member of the economic affairs assistance team for the Coordinating Ministry of Economic Affairs Dean of the Faculty of Economics and Business at the University of Indonesia (FEB UI) Teguh Dartanto stated that various factors to high levels of illegal levies (pungli) in both central and regional bureaucracies have contributed to the high cost of investment and hindered economic growth infrastructure development has started to have an impact on reducing logistics costs infrastructure development does take time (lag time) to have an impact on the economy infrastructure development is still not of sufficient quality and on target to encourage higher economic growth Also read: Economy Grows Below Potential, Industrialization Remaps there must be a comprehensive policy between the central government and the regional government while the regions build infrastructure that can connect those large projects with smaller infrastructure so that it can link the local economy with the national and international market," said Teguh rampant corruption and extortion also mean that investment costs in Indonesia are still high Indonesia's Corruption Perception Index (IPK) was recorded to have fallen from a score of 40 (out of 100) and ranking of 85 in the world in 2019 to 34 in 2023 and dropping to 115th in the world Traffic congestion on Jenderal Sudirman protocol road The consumption of the public and government spending at the end of the year is a driving factor for Indonesia's economic growth in the fourth quarter of 2023 which is predicted to grow at around 5 percent If examined in more detail regarding the indicators that make up the IPK there has been a decrease in scores on the economic and investment indicators in the last five years data from the PRS International Country Risk Guide by the PRS Group has declined by 3 points (from 35 to 32) compared to 2022 and dropped by 26 points (from 58 to 32) compared to 2019 The International Country Risk Guide analyzes the correlation between financial corruption and the political system patron-client relationships between politicians and businessmen Another indicator of the economic and investment side such as Global Insight Country Risk Ratings by IHS Markit Economics has stagnated from 2019 to 2023 (score 47) Global Insight Country Risk analyzes the risk of bribery and other corrupt practices that business people must face when investing in a country Our economic growth should no longer rely solely on the accumulation of capital but on the development of superior human resources and inclusive economic Teguh emphasizes that a country's economic development in the early phase typically relies on the accumulation of physical capital economic development is based on the improvement of human resources it depends on the development of human resources and the establishment of inclusive institutions Addressing corruption and improving the Corruption Eradication Commission (KPK) is a form of effort to build inclusive institutions "Indonesia should already be in phases two and three This means that our economic growth should no longer be based solely on capital accumulation but on the development of superior human resources and inclusive economic The future reforms and structural transformations of the economy need to be closely monitored," said Teguh Minister of Economic Coordination Airlangga Hartarto stated that Indonesia's economic growth in 2023 slowed to 5.05 percent annually compared to the previous year's 5.31 percent Indonesia's economic growth rate is higher than neighboring countries such as Singapore (1.2 percent) and Malaysia (3.1 percent) Coordinator Minister for the Economy Airlangga Hartarto said that the government is still working to lower the ICOR level for greater efficiency the stagnant economic growth at 5 percent is reasonable Indonesia is still working to develop infrastructure to facilitate logistics in order to reduce logistics costs and increase investment efficiency in Indonesia He realizes that Indonesia's ICOR is still high compared to other countries ICOR must be reduced from 7.6 to at least 4 percent our economic growth should be able to increase to 6-7 percent we can boost growth through improvements in ICOR," said Airlangga Also read: The Double Burden of Industrialization in RI Indonesia has witnessed massive infrastructure development during Joko “Jokowi” Widodo’s 10-year presidency and will soon hand over the job to his successor Prabowo Subianto one of Jokowi’s strategies to boost economic growth beyond Java Island is to improve connectivity across the archipelago According to the government’s Toll Road Regulatory Agency (BPJT) the first tollway construction took place in 1978 Indonesia has built around 2,893.02 kilometers of toll roads as of June 2024.  the constructed toll roads spanned 600.62 kilometers and Indonesia saw new tollways with a total length of 189.2 kilometers in 2005-2014 Toll road expansions soared in the following years Indonesia constructed 132.35 kilometers of toll roads and another 43.69 kilometers in the following year Indonesia saw 156.5 kilometers-long new tollways and another 442.6 kilometers in 2018 Indonesia even built 522.88 kilometers of tollways in 2019 alone The toll road expansion in 2021 stood at 122.84 kilometers Growth jumped to 142.11 kilometers in 2022 and eventually 217.78 kilometers in 2023.  Indonesian toll roads have expanded by at least 76.33 kilometers this year Indonesia constructed 2,103 kilometers of new tollways over the past decade This means 72.7 percent of the toll roads in Indonesia were built during Jokowi’s era One of Jokowi’s key infrastructure projects is the Trans-Java toll road that connects Merak and Probolinggo even reaching 1,065.5 kilometers in length The government is even planning to extend this tollway project to Banyuwangi Jokowi recently launched a section of the Solo-Yogyakarta Toll Road Section which connects Kartasura and Klaten The project is part of the monumental Trans-Java Tollroad which connects the island's eastern and western tips Jokowi at the time said that the freshly launched tollway would improve the connectivity between Central Java and Yogyakarta “We began building this tollway in 2021 and finished the project in 2024 with the total costs reaching Rp 5.6 trillion ($368.8 million) It is set to boost connectivity and accessibility and save travel time,” Jokowi said.  Shorter travel time is pivotal to improve Indonesia’s competitiveness it would take 3-6 hours to travel from Yogyakarta to Solo or vice versa The freshly launched section helps cut travel time to just 30-50 minutes It is also set to reduce traffic congestion as toll roads give people alternative routes to reach their destination 9/18/2024 Indonesia (International Christian Concern) — Like so many other Sunday mornings the 600 members of Indonesian Christ Congregation Church-Millenium Peace (GKJI-MD) gathered on an empty plot of land near Kartasura Terminal in Kartasura District They set up a large tent to shield themselves from the scorching sun and laid mats on the ground to prepare for worship While some churches worship outdoors on special occasions, GKJI-MD has done so for 11 years. And it hasn’t been due to a matter of preference. That’s how long it’s been waiting for a building permit The Head of the GKJI-MD Development Committee said he had handled various licensing requirements according to the Joint Regulation of the Minister of Home Affairs and the Minister of Religious Affairs Number 9 and Number 8 of 2016 and letters of recommendation from the local Ministry of Religious Affairs and the Interfaith Harmony Forum Despite having a congregation that exceeds the minimum requirements and the support of the local community GKJI-MD will continue to faithfully worship God in the sweltering heat as it waits for the letters of recommendation needed to obtain a building permit “We actually appreciate the local community who gave support to the construction of the church,” the Rev only the permit to build a house of worship is the problem.”  To read more news stories, visit the ICC Newsroom. For interviews, please email [email protected].  And we know that in all things God works for the good of those who love him who have been called according to his purpose Yogyakarta - The defense attorney in the case of the attack on the Cebongan Penitentiary in Sleman has asked the panel of judges at the Military II-11 Court Martial in Yogyakarta to free his client whom he claimed to be suffering from a stress disorder "Stress disorders are common in the military environment especially among those in the special forces who lost their colleagues," defense attorney Col Rokhmat said in the reading of his defense yesterday who are members of the Kopassus Group II in Jandang Menjangan include Second Sergeant Ucok Tigor Simbolon Rokhmat said Ucok’s mental state became unstable upon hearing the news of the attack on his teammate He said Ucok was unable to think of anything else but how to track down the attackers of Sriyono and the murderers of Heru Santoso "The shooting of the four prisoners at the Cebongan Penitentiary was an expression of the corps bond and jiwa korsa (the military’s notion of solidarity)," said Rokhmat Ucok was the executor of the four prisoners in the bloody attack on the Cebongan Penitentiary on March 23 The four prisoners—Hendrik Angel Sahetapi alias Decky alias Deki and Adrianus Candra Galaja alias Dedi—were indicted for the murder of Chief Sergeant Heru Santoso at Hugo’s Cafe a week prior to the attack Heru Santoso was once Ucok’s superior who came to his aid when he was infected with malaria in Papua First Sergeant Sriyono was a teammate who saved Ucok from an attack by members of the Free Aceh Movement (GAM) in Aceh "Not a single witness could confirm that the defendant committed systematic or premeditated murders of the four Cebongan Penitentiary prisoners in Sleman," added Rokhmat The defense attorney classified his client’s crime as a material violation against the negative criminal code claiming a group of residents in Yogyakarta were in favor of Ucok’s crime but the people of Yogyakarta actually supported his action," he said the defense attorney played a footage showing the support of the people in Yogyakarta for Ucok for killing the four prisoners Rokhmat believed his client was guilty of murder "The victims were thugs who made the people restless and they were murderers of Kopassus members," he asserted military prosecutor Lieutenant Colonel Budhiarto said the three defendants were guilty of committing systematic or premeditated murders Ucok was charged with twelve years’ imprisonment The prosecutor also demanded the three be dishonorably discharged from the military Halal Snack Polemic: Tests by MUI Contradict BPJPH, BPOM Findings on Pork Content Deadly Bus Accident Leaves 12 Dead in Indonesia, Police: Brake Failure Bappenas, FAO Host Training Workshop to Enhance Governance in Indonesia's Agrifood Systems Transformation Hasan Nasbi Cancels Resignation as Indonesia's PCO Head: 'I Am Loyal to the President' Vasectomy for Social Assistance? Dedi Mulyadi's Controversial Proposal Draws Mixed Reactions West Java's Dedi Mulyadi Prepares Rp6bn to Send Troubled Teens to Military Barracks Bareskrim Arrests 4 LPG Agents for Subsidy Fraud, Rp5.6bn in State Losses Prabowo Subianto Plans to Establish 100 People's Schools Soon Prabowo Plans to Build Emergency Bulog Warehouses in Aceh, West Nusa Tenggara Prabowo's Reason for Involving the Military in Food Matters Cebongan Trial Prepares Teleconference for Traumatized Witnesses Cebongan Suspect Ucok Simbolon: I had to Stick to My Gun Kopassus General Praises Ucok and Friends over Cebongan Case Human Rights Commission Attends Cebongan Final Trial Cebongan Victims' Family to Seek International Help   Cebongan Defendants Celebrate Eid in Prison Cebongan Trial: The Weapons can Only be Used for Trainings Press Council: Don't Dictate Journalists over Cebongan Trial   Indonesia's Mount Semeru Erupts 3 Times This Morning, Sends Ash 700 Meters High List of Baeksang Arts Awards 2025 Winners Exposing Trump's Move on Mike Waltz Dismissal Prabowo Praises Jokowi's Inflation Control in Cabinet Session, Denies Link to Gibran's Presence Today's Top 3 News: 7 Most Beautiful Banknotes in the World, Penetration of Visa, Mastercard vs QRIS in Indonesia Expert Raises Alarm on Crypto Scams, Biometric Leaks After Worldcoin Freeze Jokowi Responds to Calls for VP Gibran's Impeachment Prabowo Claims 99.99% Success Rate for Free Nutritious Meal Program Prabowo Rejects 'Puppet President' Label, Denies Jokowi's Control Hun Sen Slams Developed Nations' Meddling in Developing Countries Ready for a Change? Discover the 10 Best Countries for Job Opportunities Abroad All 133 Cardinal Electors Arrive in Rome Ahead of Papal Conclave Lenovo Set to Launch ThinkPad Aura Edition Series for Professionals in Indonesia World Leaders Condemn Israel's Plan to 'Conquer' Gaza Trump Ends Exemption for Low-Value Chinese Imports Tegar NurfitraEditor: Azis Kurmala Copyright © ANTARA 2025 Cari English Solo-Yogyakarta Toll Road, the Last Link in the Golden Triangle of Java Island TEKS › English›Solo-Yogyakarta Toll Road the Last Link in the Golden Triangle of Java Island The Yogyakarta-Solo-Semarang golden triangle will soon be connected by a toll road This infrastructure is believed to have a positive impact Audio Berita This article has been translated using AI. See Original TEKS KOMPAS/FERGANATA INDRA RIATMOKOA convoy led by the Klaten District Police conducted a simulation of a trip passing through the Karanganom interchange in Polanharjo District which is a part of the Solo-Yogyakarta Toll Road on Wednesday (3/4/2024) The toll road was partially operated for the 2024 Eid al-Fitr homecoming and return flow By the end of this year, construction of the first section of the Solo-Yogyakarta Toll Road is targeted for completion. This infrastructure is the final link that connects the golden triangle area in the middle of Java Island via a freeway The Solo-Yogyakarta toll road will connect the city of Surakarta, Central Java, with the Special Region of Yogyakarta (DIY). The toll road connects the golden triangle area which is often called Joglosemar which is an acronym for Jogjakarta (Yogyakarta) The three regions are the epicenter of industry processing and tourism in Central Java and Yogyakarta the economic role of these three regions is vital the presence of toll roads will certainly increase the economic mobility in those three regions Smooth logistics and transportation flow are one of the main pillars supporting the structure of the economy Direction signs have been installed at the Ceper exit on the Solo-Yogyakarta toll road section of Colomadu-Klaten in Ceper district The toll road is only limitedly operational for the homecoming and returning flow during Lebaran 2024 the construction of the Solo-Yogyakarta Toll Road also marks the integration of the city with other major cities in Java Island into a single toll road network The flow of people and goods to and from the city is ensured to move faster there are no longer barriers such as traffic lights or narrowing of traffic due to the queue to turn around The wide and sterile lane from two-wheeled vehicles also adds to the ease of driving Also read: Regions Race to Utilize the Trans-Java Toll Road the travel time by car from Yogyakarta to Solo via the national road that passes through Klaten Regency the estimated travel time could be cut in half the journey can be continued to Semarang which has been connected to the Trans-Java Toll Road network since the end of 2018 The distance on the Solo-Semarang toll road can be covered in just one hour This means that the total travel time on the Yogyakarta-Solo-Semarang toll road section is likely only about two hours The Solo-Yogyakarta toll road that is still in the construction phase passes through agricultural areas in Banyudono District The physical development of the Solo-Yogyakarta Toll Road began in December 2020 The first section that is being constructed Kartasura is one of the buffer zones of Solo as well as Purwomartani which is only about 7 km away from the center of Yogyakarta the Kartasura-Purwomartani road has practically connected Solo and Yogyakarta toll road construction will still continue for two more sections until it reaches Yogyakarta International Airport (YIA) in Kulon Progo Regency Also read: Backflow, Increased Users of the Surakarta-Yogyakarta Functional Toll Road the construction of the Solo-Yogyakarta Toll Road also marks the integration of the city with other big cities on Java Island in a toll road network This toll road will also be connected to the Yogyakarta-Bawen Toll Road which connects Yogyakarta with Semarang Regency via Magelang The Yogyakarta-Bawen Toll Road is currently also under construction The construction of the Kartasura-Purwomartani stretch has reached 22 km from Kartasura to Ngawen in Klaten During last year's Idul Fitri holiday rush the route was functioned in a limited manner Minister of Public Works and Public Housing is targeting to complete the construction of the Kartasura-Purwomartani stretch by the end of this year The Head of the Transportation and Logistics Study Center (Pustral) of Gadjah Mada University revealed that the connectivity established through the Solo-Yogyakarta toll road will have a huge impact on the regional economy the impact could surpass Central Java-DIY because it also connects to other major cities on Java Island," he said each region must optimize the infrastructure to drive their respective economies this toll road opens up easier and faster access to export ports in Semarang or Surabaya this infrastructure also opens up direct export opportunities for commodities through air routes via YIA Airport The airport can accommodate large-bodied aircraft with long-range capabilities to Europe commodities that require fresh exportation Also read: The functional Solo-Yogyakarta toll road is not yet perfect, drivers are asked to be careful Ikaputra explained that the existence of toll roads will save fuel for trucks The reduced travel time also creates efficiency in transportation reducing pollution from vehicle exhaust emissions Another benefit is that large trucks will no longer mix with smaller vehicles on the highway This will make arterial roads smoother and reduce the risk of traffic accidents the sector that is most potential to be boosted by the presence of the Solo-Yogyakarta toll road is tourism Tourist movements to Yogyakarta and Solo are guaranteed to be easier with this toll road The Chairman of the Indonesian Travel Companies Association (Asita) in Yogyakarta revealed that Yogyakarta's position in the middle of Java Island is very advantageous Its strategic location can lure tourists from many regions DIY has long been a primary tourist destination with complete accommodation and amenity facilities "The existence of a toll road becomes a new hope to attract tourists through land routes amidst the high cost of airplane tickets currently," he said Also read: Final section of Trans-Java toll road targeted for completion in 2024 The same optimism was voiced by the Chairman of the Indonesian Hotel and Restaurant Association (PHRI) in DIY easier access will further encourage tourists' interest in visiting a region he said that there are concerns from some hotel business actors that the increasingly easy access may actually erode the length of tourists' stay many tourists may no longer stay overnight in Yogyakarta then return home or continue their journey to other areas Workers carry out activities at the Solo-Yogyakarta toll road construction site at the Karanganom interchange He mentioned a similar concern previously felt by members of the PHRI in Semarang when the city was going to be connected to the Trans-Java Toll Road The impact of the toll road was extremely significant for the development of hotels in Semarang," he said the existence of the toll road will have a positive impact on the tourism industry in DIY but many other destinations that are not enough to be visited only for a day," he said Also read: The Impact of Trans-Java Toll Road Development on the Economy The existence of toll roads offers a new hope for attracting tourists through land routes in the midst of the current high airfare prices the frequency of tourist visits is potentially increased with the ease of toll access Tourists who initially only visited Yogyakarta once or twice a year Hopefully the high hopes expressed in this piece of freeway will truly be realized and enjoyed by the entire community Central Java Police have revealed the identity of a suspected suicide bomber who tried to attack a police shelter in Kartasura Rycko Amelza Dahniel said the suspected bomber who injured himself when the bomb he carried exploded in front of the police shelter, has the initials R.A and lives with his parents in Kartasura The house has been searched and police said they have seized evidence related to the failed attack.  videos of a heavily injured but still alive R.A lying on the street went viral on YouTube and social media.  The suspected bomber was taken to the PKU Muhammadiyah Hospital in Kartasura No one except the suspected bomber was injured in the explosion.