Obligasi yang memperoleh peringkat di bawah Ba oleh lembaga pemeringkat obligasi Moody’s atau di bawah BBB oleh Standard and the Poor’s atau obligasi yang tidak memiliki peringkat dikategorikan sebagai junk bond.
Melvin Hade | 1306388364 | Trainee Divisi Kajian | Ilmu Ekonomi 2013
The introduction of Low Cost Green Car (LCGC) in Indonesia creates disputes whether it will bring good to the people or the other way around. Low Cost Green Car are small cars that cost less than 105 million Rupiah that claims to be environmental-friendly. Its concept of small and compact car draws attention of citizens in Jakarta, due to its congestion problems. Many thinks that a small car would be a solution to Jakarta’s crowded streets. But the argument against LCGC was sparked by Jakarta’s governor, Jokowi saying that LCGC is not a solution for transportation in Indonesia, what the people need is a convenient and cheap public transportation. He continued by saying that LCGC will threat Jakarta’s congestion solution that he has offered.
From the perspective of consumers, LCGC is a good news for them. With the cost of only less than 105 million Rupiah (price depends on the type and series), they are able to buy a car. They could now own a personal transportation to support their daily activities. Other than that, the advantage of a LCGC is that it is fuel-efficient. 20 kilometer will only consume 1 liter of fuel in an LCGC. Therefore, it is no wonder that consumers are interested to own an LCGC. This phenomena is reflected on the sales report of Daihatsu during an automotive event in Jakarta called Indonesia International Motor Show. Dahaitsu is one of the car manufacturer that introduces a LCGC called Daihatsu Ayla. In 10 days period of IIMS, Daihatsu manage to sell 430 units of Daihatsu Ayla. This is the highest contribution to Daihatsu’s sales during that greatest automotive event in Indonesia. This fact shows that the people are enthusiastic about the arrival of LCGC. From the economics perspective, LCGC will give several benefits for Indonesia’s economy. The production of LCGC in Indonesia will provide job opportunities in Indonesia. It will also increase Indonesia’s export because LCGC produced in Indonesia will also be exported to other Asian countries. This might improve our current account balance and prevent trade deficit. But what are its drawbacks and implication that creates argument between politicians?
From its technical aspects, LCGC is not proven to be an environmental-friendly car as what it claims. This is pointed out by Indonesia’s Minister of Technology and Research, Gusti Muhammad Hatta. Other than that, LCGC may be not too safe of a car. A visitor at IIMS point out that she is worried about the safety-ness of LCGC, due to its very light weight. She prefers buying a more expensive compact car with better quality like Honda Jazz or Toyota Yaris.
With the current situation of streets in Jakarta, LCGC might not be a solution for Indonesia, especially in Jakarta and could become a threat for us. The introduction of LCGC will increase the quantity of cars in Jakarta. With the same capacity of roads in Jakarta, this will create an even worse congestion problems. The increase in the consumption of cars in Jakarta and Indonesia respectively is not equal with the increase in the capacity of roads in Jakarta. When this happens, people will face traffic jams and reduces their productivity. What the central government should do is to provide a convenient and cheap public transportation. As Jakarta’s governor, Jokowi pointed out, the people does not need a cheap car, but they need convenient and cheap public transportation. The people may feel the short term benefit of owning a LCGC right now, but what will happen when everyone owns a LCGC in the future? Most likely, traffic jam will become worst, even worst than what we can ever imagine.
So, is LCGC a solution or a threat for Indonesia? One thing that we know for sure is that we need is a massive public transportation that is cheap and convenient for the people. It is also more environmental-friendly than LCGC and relatively more safe. Therefore, the central government should invest on public transportation system like Mass Rapid Transit (MRT) and create regulations that will move consumption from personal transportation to public transportation.