High-speed Rail In Indonesia
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High-speed Rail In Indonesia
Indonesia's first high-speed rail (HSR) project is expected to connect the country's largest cities of Jakarta and Bandung, the 3rd largest city and capital of West Java, covering a distance approaching . , the prime contractor, PT. Kereta Cepat Indonesia China, has stated that the construction of the Jakarta-Bandung phase has reached 90% completion and is expected reach 100% by the end of 2022. Plans and studies have been in the works for high-speed rail (HSR) in Indonesia for many years. It was seriously contemplated in 2008, with detailed plans set forth in 2015. The new plan to start Jakarta-Bandung HSR construction was announced by the Indonesian government in July 2015, after the Chinese President and other world leaders visited the Bandung Conference. The cost for the line is expected to be $8 billion USD. The EMU KCIC400AF Fuxing trainset and the KCIC400AF CIT 22 01 trainset arrived in Indonesia mid 2022 and will be tested in November 2022 during the G20 Indonesia e ...
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Java High-speed Rail Indonesia
Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's most populous island, home to approximately 56% of the Indonesian population. Indonesia's capital city, Jakarta, is on Java's northwestern coast. Many of the best known events in Indonesian history took place on Java. It was the centre of powerful Hindu-Buddhist empires, the Islamic sultanates, and the core of the colonial Dutch East Indies. Java was also the center of the Indonesian struggle for independence during the 1930s and 1940s. Java dominates Indonesia politically, economically and culturally. Four of Indonesia's eight UNESCO world heritage sites are located in Java: Ujung Kulon National Park, Borobudur Temple, Prambanan Temple, and Sangiran Early Man Site. Formed by volcanic eruptions due to geologic subduction of the Austral ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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Rupiah
The rupiah (symbol: Rp; currency code: IDR) is the official currency of Indonesia. It is issued and controlled by Bank Indonesia. The name "rupiah" is derived from the Sanskrit word for silver, (). Sometimes, Indonesians also informally use the word ("silver" in Indonesian) in referring to rupiah in coins. The rupiah is divided into 100 '' sen'', although high inflation has rendered all coins and banknotes denominated in obsolete. Introduced in 1946 by Indonesian nationalists fighting for independence, the currency replaced a version of the Netherlands Indies gulden, which had been introduced during the Japanese occupation in World War II. In its early years, the rupiah was used in conjunction with other currencies, including a new version of the gulden introduced by the Dutch. The Riau Islands and the Indonesian half of New Guinea (''Irian Barat'') had their own variants of the rupiah in the past, but these were subsumed into the national rupiah in 1964 and 1971, respectiv ...
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Honshu
, historically called , is the largest and most populous island of Japan. It is located south of Hokkaidō across the Tsugaru Strait, north of Shikoku across the Inland Sea, and northeast of Kyūshū across the Kanmon Straits. The island separates the Sea of Japan, which lies to its north and west, from the North Pacific Ocean to the south and east. It is the seventh-largest island in the world, and the second-most populous after the Indonesian island of Java. Honshu had a population of 104 million , constituting 81.3% of the entire population of Japan, and is mostly concentrated in the coastal areas and plains. Approximately 30% of the total population resides in the Greater Tokyo Area on the Kantō Plain. As the historical center of Japanese cultural and political power, the island includes several past Japanese capitals, including Kyōto, Nara and Kamakura. Much of the island's southern shore forms part of the Taiheiyō Belt, a megalopolis that spans several of the Japane ...
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Java
Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's List of islands by population, most populous island, home to approximately 56% of the Demographics of Indonesia, Indonesian population. Indonesia's capital city, Jakarta, is on Java's northwestern coast. Many of the best known events in Indonesian history took place on Java. It was the centre of powerful Hindu-Buddhist empires, the Islamic sultanates, and the core of the colonial Dutch East Indies. Java was also the center of the History of Indonesia, Indonesian struggle for independence during the 1930s and 1940s. Java dominates Indonesia politically, economically and culturally. Four of Indonesia's eight UNESCO world heritage sites are located in Java: Ujung Kulon National Park, Borobudur Temple, Prambanan Temple, and Sangiran Early Man Site. ...
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Japan International Cooperation Agency
The is a governmental agency that delivers the bulk of Official Development Assistance (ODA) for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation. The OECD's Development Assistance Committee published a peer review of Japan's development co-operation in October 2020. It was led by Dr. Shinichi Kitaoka, the former President of the International University of Japan, from 2015 to 2022. On 1 April 2022, Professor Akihiko Tanaka assumed the presidency of the Japan International Cooperation Agency (JICA) as the successor to Professor Shinichi Kitaoka. History JICA's predecessor, the previous Japan International Cooperation Agency (also known as "JICA"), was a semi-governmental organization under the jurisdiction of the Ministry of Foreign Affairs, formed in 1974. The new JICA was formed on October 1, 2003. A major component of the comprehensive overhaul of Japan's ODA decided by ...
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Soft Loan
A soft loan is a loan with a below-market rate of interest. This is also known as ''soft financing''. Sometimes soft loans provide other concessions to borrowers, such as long repayment periods or interest holidays. Soft loans are usually provided by governments to projects they think are worthwhile. The World Bank and other development institutions provide soft loans to developing countries. This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable robust economy. An example of a soft loan is a $2 billion loan by China's Export-Import Bank to Angola in October 2004 to help build infrastructure. In return, the Angolan government gave China a stake in oil exploration off the coast. Another example is the interest free soft loan of Rs. 20 billion given by the Asian Development Bank (ADB) to the government of West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eas ...
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Shinkansen
The , colloquially known in English as the bullet train, is a network of high-speed railway lines in Japan. Initially, it was built to connect distant Japanese regions with Tokyo, the capital, to aid economic growth and development. Beyond long-distance travel, some sections around the largest metropolitan areas are used as a commuter rail network. It is operated by five Japan Railways Group companies. Over the Shinkansen's 50-plus-year history, carrying over 10 billion passengers, there has been not a single passenger fatality or injury on board due to derailments or collisions. Starting with the Tokaido Shinkansen () in 1964, the network has expanded to currently consist of of lines with maximum speeds of , of Mini-Shinkansen lines with a maximum speed of , and of spur lines with Shinkansen services. The network presently links most major cities on the islands of Honshu and Kyushu, and Hakodate on northern island of Hokkaido, with an extension to Sapporo under constru ...
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Surabaya
Surabaya ( jv, ꦱꦸꦫꦧꦪ or jv, ꦯꦹꦫꦨꦪ; ; ) is the capital city of the Provinces of Indonesia, Indonesian province of East Java and the List of Indonesian cities by population, second-largest city in Indonesia, after Jakarta. Located on the northeastern border of Java island, on the Madura Strait, it is one of the earliest port cities in Southeast Asia. According to the Government of Indonesia, National Development Planning Agency, Surabaya is one of the Regions of Indonesia#Development regions, four main central cities of Indonesia, alongside Jakarta, Medan, and Makassar. The city has a population of 2.87 million within its city limits at the 2020 census and 9.5 million in the extended Surabaya metropolitan area, making it the List of metropolitan areas in Indonesia, second-largest metropolitan area in Indonesia. The city was settled in the 10th century by the Janggala, Kingdom of Janggala, one of the two Javanese kingdoms that was formed in 1045 when ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Force Majeure
In contract law, (from Law French: 'overwhelming force', ) is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic or sudden legal changes prevents one or both parties from fulfilling their obligations under the contract. Explicitly excluded is any event described as an ''act of God,'' which covers a separate domain and legally differs, yet it is still related to contract law. In practice, most clauses do not excuse a party's non-performance entirely but only suspend it for the duration of the .Supreme Court of India">Supreme Court (of India) 1285 it was held that "An analysis of ruling on the subject shows that reference to the expression is made where the intention is to save the defaulting party from the consequences of anything over which he had no control." Even if a ''force majeure'' clause covers the rel ...
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