171-439: [REDACTED] The Jakarta Mass Rapid Transit ( Indonesian : Moda Raya Terpadu Jakarta ) or Jakarta MRT ( MRT Jakarta , stylized as mrt jakarta ) is a rapid transit system in Jakarta , the largest metropolis of Indonesia . The system is operated by PT Mass Rapid Transit Jakarta (Perseroda), a municipally owned perseroan terbatas of the city of Jakarta . Phase 1 of the project ( Lebak Bulus to Bundaran HI )
342-716: A lingua franca in the Indonesian archipelago for half a millennium. It might be attributed to its ancestor , the Old Malay language (which can be traced back to the 7th century). The Kedukan Bukit Inscription is the oldest surviving specimen of Old Malay, the language used by Srivijayan empire. Since the 7th century, the Old Malay language has been used in Nusantara (archipelago) (Indonesian archipelago), evidenced by Srivijaya inscriptions and by other inscriptions from coastal areas of
513-525: A ripple effect through the financial system and the economy (as well as any connected economies) as a whole. The foreign ministers of the 10 ASEAN countries believed that the well co-ordinated manipulation of their currencies was a deliberate attempt to destabilize the ASEAN economies . Malaysian Prime Minister Mahathir Mohamad accused George Soros and other currency traders of ruining Malaysia's economy with currency speculation . Soros claims to have been
684-484: A $ 40 billion program to stabilize the currencies of South Korea, Thailand, and Indonesia, economies particularly hard hit by the crisis. However, the efforts to stem a global economic crisis did little to stabilize the domestic situation in Indonesia. After 30 years in power, Indonesian President Suharto was forced to step down on 21 May 1998 in the wake of widespread rioting that followed sharp price increases caused by
855-412: A 10 years grace period. The first stage of phase 2 funding ( Rp 9.4 trillion) incurred 0.1% interest per annum. Phase 2A funding (Rp25 trillion) will cover a portion of phase 1 excess expenditure (Rp2.5 trillion). On 24 August 2022, it was announced that the cost required for Phase 2A has been adjusted to Rp26 trillion (US$ 1.7 billion), up from Rp22.5 trillion. The challenging soil conditions were cited as
1026-479: A buyer of the ringgit during its fall, having sold it short in 1997. At the 30th ASEAN Ministerial Meeting held in Subang Jaya , Malaysia , the foreign ministers issued a joint declaration on 25 July 1997 expressing serious concern and called for further intensification of ASEAN's cooperation to safeguard and promote ASEAN's interest in this regard. Coincidentally, on that same day, the central bankers of most of
1197-561: A drastic devaluation of the rupiah . The effects of the crisis lingered through 1998, where many important stocks fell in Wall Street as a result of a dip in the values of the currencies of Russia and Latin American countries that weakened those countries' "demand for U.S. exports." In 1998, growth in the Philippines dropped to virtually zero. Only Singapore proved relatively insulated from
1368-454: A few cases, however, coinings permanently replaced earlier Dutch terms, including pajak (earlier meaning 'monopoly') instead of belasting (tax) and senam (meaning 'exercise') instead of gimnastik (gymnastics). The Komisi Bahasa is said to have coined more than 7000 terms, although few of these gained common acceptance. The adoption of Indonesian as the country's national language was in contrast to most other post-colonial states. Neither
1539-565: A further decline in South Korean shares since stock markets were already bearish in November. The Seoul stock exchange fell by 4% on 7 November 1997. On 8 November, it plunged by 7%, its biggest one-day drop to that date. And on 24 November, stocks fell a further 7.2% on fears that the IMF would demand tough reforms. In 1998, Hyundai Motor Company took over Kia Motors. Samsung Motors ' $ 5 billion venture
1710-658: A government goal of increasing the number of trips using public transport to 60% by 2030. The idea of MRT construction in Jakarta has been sparked since 1985 by the then Head of the Agency for the Assessment and Application of Technology (currently the National Research and Innovation Agency ), B.J. Habibie (a man who would later become president ). The BPPT said that population growth in Jakarta declined between 1985 and 1990. However,
1881-504: A greater devaluation? This is a relevant tradeoff, but there can be no question that the degree of devaluation in the Asian countries is excessive, both from the viewpoint of the individual countries, and from the viewpoint of the international system. Looking first to the individual country, companies with substantial foreign currency debts, as so many companies in these countries have, stood to suffer far more from… currency (depreciation) than from
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#17328523957532052-425: A high rate of return . As a result, the region's economies received a large inflow of money and experienced a dramatic run-up in asset prices. At the same time, the regional economies of Thailand, Malaysia, Indonesia, Singapore and South Korea experienced high growth rates, of 8–12% GDP, in the late 1980s and early 1990s. This achievement was widely acclaimed by financial institutions including IMF and World Bank , and
2223-511: A highly leveraged economic climate, and pushed up asset prices to an unsustainable level, particularly those in non-productive sectors of the economy such as real-estate. These asset prices eventually began to collapse, causing individuals and companies to default on debt obligations. The resulting panic among lenders led to a large withdrawal of credit from the crisis countries, causing a credit crunch and further bankruptcies. In addition, as foreign investors attempted to withdraw their money,
2394-407: A large number of Indonesian corporations had been borrowing in U.S. dollars. This practice had worked well for these corporations during the preceding years, as the rupiah had strengthened respective to the dollar; their effective levels of debt and financing costs had decreased as the local currency's value rose. In July 1997, when Thailand floated the baht, Indonesia's monetary authorities widened
2565-498: A large proportion of Indonesian, at least, use two language daily, those are Indonesian and local languages. When two languages are used by the same people in this way, they are likely to influence each other. Aside from local languages, Dutch made the highest contribution to the Indonesian vocabulary, due to the Dutch colonization over three centuries, from the 16th century until the mid-20th century. Asian languages also influenced
2736-462: A largely uncontrolled manner to certain people only – not necessarily the best suited or most efficient, but those closest to the centers of power. Weak corporate governance also led to inefficient investment and declining profitability. Until 1999, Asia attracted almost half of the total capital inflow into developing countries . The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for
2907-714: A left handed traffic for roads. The following table lists the MRT lines that are currently operational, under construction or planned as of April 2023. Planned lines are preliminary and could still be altered before entering construction phase. Cikarang TMII Phase 1 connects Lebak Bulus to Bundaran HI along 15.7 kilometres (9.8 mi) and consists of 13 stations (7 elevated stations and 6 underground stations). The Indonesian Ministry of Transport approved this plan in September 2010 and invited tenders. Construction began in October 2013. Phase 1
3078-465: A lingua franca between vernacular Malay dialects, Malay creoles, and regional languages. The Indonesian name for the language ( bahasa Indonesia ) is also occasionally used in English and other languages. Bahasa Indonesia is sometimes improperly reduced to Bahasa , which refers to the Indonesian subject ( Bahasa Indonesia ) taught in schools, on the assumption that this is the name of the language. But
3249-427: A looser sense, it also encompasses the various local varieties spoken throughout the Indonesian archipelago. Standard Indonesian is confined mostly to formal situations, existing in a diglossic relationship with vernacular Malay varieties, which are commonly used for daily communication, coexisting with the aforementioned regional languages and with Malay creoles ; standard Indonesian is spoken in informal speech as
3420-419: A maximum of 7 days after purchase. Meanwhile, multi-trip cards can be used multiple times as long as the balance in the card is still sufficient. The implementation of the multi-trip Cruise Card as a payment method was approved by Bank Indonesia on 14 November 2019. A refundable Rp15,000 deposit is required to purchase a single journey ticket, in addition to fares required for the journey. The multi-trip card
3591-475: A monophthong followed by an approximant, so ⟨ai⟩ represents /aj/ , ⟨au⟩ represents /aw/ , and ⟨oi⟩ represents /oj/ . On this basis, there are no phonological diphthongs in Indonesian. Diphthongs are differentiated from two vowels in two syllables, such as: 1997 Asian financial crisis The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during
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#17328523957533762-508: A passenger Rp14,000. This fare was expected to come into effect on 1 April 2019. In order to fulfil the need for electronic tickets on MRT operations, A dedicated contactless smart card known as the 'Jelajah' can be purchased from the ticketing machines or ticket offices located at every station. This payment card is released in two types of cards, namely cards for single-trip and prepaid cards for multi-trip. Single-trip cards can only be used for one trip and are required to be topped up within
3933-562: A precipitous rise in private debt . Foreign debt-to-GDP ratios rose from 100% to 167% in the four large Association of Southeast Asian Nations (ASEAN) economies in 1993–96, then shot up beyond 180% during the worst of the crisis. In South Korea, the ratios rose from 13% to 21% and then as high as 40%, while the other northern newly industrialized countries fared much better. Only in Thailand and South Korea did debt service-to-exports ratios rise. South Korea , Indonesia and Thailand were
4104-473: A result of the crisis. Following the 1997 Asian financial crisis, income in the northeast, the poorest part of the country, rose by 46 percent from 1998 to 2006. Nationwide poverty fell from 21.3 to 11.3 percent. Thailand's Gini coefficient , a measure of income inequality , fell from .525 in 2000 to .499 in 2004 (it had risen from 1996 to 2000) versus 1997 Asian financial crisis. By 2001, Thailand's economy had recovered. The increasing tax revenues allowed
4275-542: A result of the crisis. In May 1997, the Bangko Sentral ng Pilipinas , the country's central bank, raised interest rates by 1.75 percentage points and again by 2 points on 19 June. Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso , raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997. The peso dropped from 26 pesos per dollar at
4446-598: A result of the southward expansion of Austronesian peoples into Maritime Southeast Asia from the island of Taiwan . Indonesian, which originated from Malay, is a member of the Austronesian family of languages, which includes languages from Southeast Asia , the Pacific Ocean and Madagascar , with a smaller number in continental Asia . It has a degree of mutual intelligibility with the Malaysian standard of Malay, which
4617-613: A rift between the two standardized varieties. This has been based more upon political nuance and the history of their standardization than cultural reasons, and as a result, there are asymmetrical views regarding each other's variety among Malaysians and Indonesians. Malaysians tend to assert that Malaysian and Indonesian are merely different normative varieties of the same language, while Indonesians tend to treat them as separate, albeit closely related, languages. Consequently, Indonesians feel little need to harmonise their language with Malaysia and Brunei, whereas Malaysians are keener to coordinate
4788-473: A series of bailouts ("rescue packages") for the most-affected economies to enable them to avoid default , tying the packages to currency, banking and financial system reforms. Due to IMF's involvement in the financial crisis, the term IMF Crisis became a way to refer to the Asian Financial Crisis in countries that were affected. The IMF's support was conditional on a series of economic reforms,
4959-461: A significant influence on the development of Malay in the colony: during the colonial era, the language that would be standardized as Indonesian absorbed a large amount of Dutch vocabulary in the form of loanwords . The nationalist movement that ultimately brought Indonesian to its national language status rejected Dutch from the outset. However, the rapid disappearance of Dutch was a very unusual case compared with other colonized countries, where
5130-560: A system which treats the open-mid vowels / ɛ / and / ɔ / as distinct phonemes. Poedjosoedarmo argued the split of the front mid vowels in Indonesian is due to Javanese influence which exhibits a difference between ⟨i⟩ [ i ], ⟨é⟩ [ e ] and è [ ɛ ]. Another example of Javanese influence in Indonesian is the split of back mid vowels into two allophones of [ o ] and [ ɔ ]. These splits (and loanwords) increase instances of doublets in Indonesian, such as ⟨ satai ⟩ and ⟨ saté ⟩. Javanese words adopted into Indonesian have greatly increased
5301-494: A temporary rise in domestic interest rates…. Thus, on macroeconomics… monetary policy has to be kept tight to restore confidence in the currency.... From the then IMF managing director Michel Camdessus : To reverse (currency depreciation), countries have to make it more attractive to hold domestic currency, and that means temporarily raising interest rates, even if this (hurts) weak banks and corporations. From 1985 to 1996, Thailand's economy grew at an average of over 9% per year,
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5472-463: A total number of speakers in Indonesia of 248.5 million. It is common as a first language in urban areas, and as a second language by those residing in more rural parts of Indonesia. The VOA and BBC use Indonesian as their standard for broadcasting in Malay. In Australia , Indonesian is one of three Asian target languages, together with Japanese and Mandarin , taught in some schools as part of
5643-794: Is a standard language of "Riau Malay", which despite its common name is not based on the vernacular Malay dialects of the Riau Islands , but rather represents a form of Classical Malay as used in the 19th and early 20th centuries in the Riau-Lingga Sultanate . Classical Malay had emerged as a literary language in the royal courts along both shores of the Strait of Malacca , including the Johor Sultanate and Malacca Sultanate . Originally spoken in Northeast Sumatra , Malay has been used as
5814-487: Is a standardized variety of Malay , an Austronesian language that has been used as a lingua franca in the multilingual Indonesian archipelago for centuries. With over 280 million inhabitants, Indonesia ranks as the fourth most populous nation globally. According to the 2020 census, over 97% of Indonesians are fluent in Indonesian, making it the largest language by number of speakers in Southeast Asia and one of
5985-565: Is amplified by the use of Indonesian slang , particularly in the cities. Unlike the relatively uniform standard variety, Vernacular Indonesian exhibits a high degree of geographical variation, though Colloquial Jakartan Indonesian functions as the de facto norm of informal language and is a popular source of influence throughout the archipelago. There is language shift of first language among Indonesian into Indonesian from other language in Indonesia caused by ethnic diversity than urbanicity. The most common and widely used colloquial Indonesian
6156-511: Is as follows. On 27 April 2020, payment and ticket purchases began to be used on the application made by PT MRT Jakarta, namely the MRT-J application. Users of electronic wallets must connect their wallet with an app provided by MRT Jakarta (MRT-J) and buy single trip tickets in the form of QR codes. Payment through this application uses several digital wallet services, namely OVO , Dana , LinkAja , ShopeePay , MotionPay, GoPay , and AstraPay. After
6327-545: Is considered the most strategic route because there is no rail transportation that passes through this area. Apart from that, this route is planned to be integrated with the Kampung Rambutan Bus Terminal, Tanjung Barat Station (KRL Bogor Line), and the Jabodebek LRT (Cibubur Line). Currently the process has begun for a feasibility study and then a design planning process is carried out. This phase of construction
6498-734: Is currently a trial of the new Jak Lingko card and application based on the KRL Commuterline Multi Trip Card and Fello e-wallet. Through the application, users can pay from all e-wallets that are connected to the Indonesian QR Code Standard (QRIS). Jakarta MRT payments can also be made using electronic cards from various banks. The electronic cards include those issued by Himbara, namely Bank BNI, Bank BRI, and Bank Mandiri. In addition, cards provided by Bank DKI and Bank BCA are also accepted by MRT Jakarta. The list of electronic banking cards that can be used in fare payment
6669-575: Is expected to stretch across over 122.8 kilometres (76.3 mi), including 26.7 kilometres (16.6 mi) for the Red line (from Lebak Bulus to Ancol), 84.1 kilometres (52.3 mi) for the Yellow line (from Cikarang to Balaraja), and 12.0 kilometres (7.5 mi) for the Green line (from Fatmawati to TMII). Trains run on the right to match Indonesian railways , which also have a right handed traffic, despite Indonesia has
6840-543: Is heavily influenced by the Betawi language , a Malay-based creole of Jakarta , amplified by its popularity in Indonesian popular culture in mass media and Jakarta's status as the national capital. In informal spoken Indonesian, various words are replaced with those of a less formal nature. For example, tidak (no) is often replaced with the Betawi form nggak or the even simpler gak/ga , while seperti (like, similar to)
7011-535: Is named Indonesian Japanese European Group (IJEG), composed of Itochu Corporation of Japan, German companies Ferrostaal AG, AEG , and Siemens , ABB , Taylor Woodrow , and Indonesian companies such as Bakrie Brothers , Lippo , Bukaka Suthanthabie, Steady Safe, etc. In 1996, President Soeharto 's administration set out to build the Jakarta MRT with a 14.5-km and 17-station Blok M ‒ Stasiun Jakarta Kota route, fully built underground. In April 1997, an MOU agreement
Jakarta MRT - Misplaced Pages Continue
7182-419: Is named as 'Indonesian language' is a true Malay language derived from 'Riau Malay' but which had been added, modified or subscribed according to the requirements of the new age and nature, until it was then used easily by people across Indonesia; the renewal of Malay language until it became Indonesian it had to be done by the experts of the new nature, the national nature of Indonesia" — Ki Hajar Dewantara in
7353-670: Is no longer sold since January 2024 and it's usage will be discontinued on October 31st, 2024. To optimise intermodal transport, the DKI Jakarta Provincial Government implemented an integrated payment method using the Jak Lingko card and application. This programme is a continuation of the existing OK-Otrip system. This card can also be used for Jakarta LRT , Transjakarta , and KRL Commuter Line . MRT Jakarta accepts all Jak Lingko payments provided by Bank DKI and Himbara member banks such as BRI , BNI and Mandiri . There
7524-464: Is officially known there as bahasa Malaysia , despite the numerous lexical differences. However, vernacular varieties spoken in Indonesia and Malaysia share limited intelligibility, which is evidenced by the fact that Malaysians have difficulties understanding Indonesian sinetron (soap opera) aired on Malaysia TV stations, and vice versa. Malagasy , a geographic outlier spoken in Madagascar in
7695-627: Is often replaced with kayak [kajaʔ] . Sangat or amat (very), the term to express intensity, is often replaced with the Javanese-influenced banget . As for pronunciation, the diphthongs ai and au on the end of base words are typically pronounced as /e/ and /o/ . In informal writing, the spelling of words is modified to reflect the actual pronunciation in a way that can be produced with less effort. For example, capai becomes cape or capek , pakai becomes pake , kalau becomes kalo . In verbs,
7866-494: Is perhaps the only language that has achieved the status of a national language in its true sense" since it truly dominates in all spheres of Indonesian society . The ease with which Indonesia eliminated the language of its former colonial power can perhaps be explained as much by Dutch policy as by Indonesian nationalism. In marked contrast to the French , Spanish and Portuguese, who pursued an assimilation colonial policy, or even
8037-539: Is planned to use the Government Cooperation with Business Entities (KPBU) scheme. It is planned that this line will be built starting in 2025. The Jakarta MRT employs a cashless fare payment system. On 26 March 2019, the Jakarta MRT fares were set. The initial fare is Rp.3,000 as the minimum fare and increases by Rp.1,000 with each passing station. A trip spanning the entire existing line in 2019, travelling from Lebak Bulus Station to Bundaran HI Station, would cost
8208-566: Is the DKI Jakarta Provincial Government Urban Railway with 14 lines consisting of two MRT lines, six LRT lines and six "Jakarta Urban Railway" lines or PPJ for short. This PPJ is the benchmark for the route that will later be used for rail transportation in the future, which can use any means of rail transportation such as trams, LRTs or MRTs. Meanwhile, the second is the Central Government Railway with
8379-553: The British , the Dutch did not attempt to spread their language among the indigenous population. In fact, they consciously prevented the language from being spread by refusing to provide education, especially in Dutch, to the native Indonesians so they would not come to see themselves as equals. Moreover, the Dutch wished to prevent the Indonesians from elevating their perceived social status by taking on elements of Dutch culture. Thus, until
8550-667: The Indian Ocean , also in some parts of the Sulu area of the southern Philippines and traces of it are to be found among people of Malay descent in Sri Lanka , South Africa , and other places. Indonesian is taught as a foreign language in schools, universities and institutions around the world, especially in Australia , the Netherlands , Japan , South Korea , Timor-Leste , Vietnam , Taiwan ,
8721-490: The Indian Ocean ; the Philippines national language, Filipino ; Formosan in Taiwan's aboriginal population; and the native Māori language of New Zealand are also members of this language family. Although each language of the family is mutually unintelligible, their similarities are rather striking. Many roots have come virtually unchanged from their common ancestor, Proto-Austronesian language . There are many cognates found in
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#17328523957538892-513: The Jakarta Stock Exchange touched a historic low in September. Moody's eventually downgraded Indonesia's long-term debt to " junk bond ". Although the rupiah crisis began in July and August 1997, it intensified in November when the effects of that summer devaluation showed up on corporate balance sheets. Companies that had borrowed in dollars had to face the higher costs imposed upon them by
9063-579: The Languages Other Than English programme. Indonesian has been taught in Australian schools and universities since the 1950s. In East Timor , which was occupied by Indonesia between 1975 and 1999, Indonesian is recognized by the constitution as one of the two working languages (the other being English ), alongside the official languages of Tetum and Portuguese . It is understood by the Malay people of Australia's Cocos Keeling Islands in
9234-604: The Latin American debt crisis . The effects of the SAPs were mixed and their impact controversial. Critics, however, noted the contractionary nature of these policies, arguing that in a recession , the traditional Keynesian response was to increase government spending, prop up major companies, and lower interest rates. The reasoning was that by stimulating the economy and staving off recession , governments could restore confidence while preventing economic loss . They pointed out that
9405-639: The United States , and the United Kingdom . Indonesian is the official language of Indonesia , and its use is encouraged throughout the Indonesian archipelago. It is regulated in Chapter XV, 1945 Constitution of Indonesia about the flag, official language, coat of arms, and national anthem of Indonesia. Also, in Chapter III, Section 25 to 45, Government regulation No. 24/ 2009 mentions explicitly
9576-428: The exchange market was flooded with the currencies of the crisis countries, putting depreciative pressure on their exchange rates. To prevent currency values collapsing, these countries' governments raised domestic interest rates to exceedingly high levels (to help diminish flight of capital by making lending more attractive to investors) and intervened in the exchange market, buying up any excess domestic currency at
9747-455: The fixed exchange rate with foreign reserves . Neither of these policy responses could be sustained for long, as several countries had insufficient levels of foreign exchange reserves. Very high interest rates, which can be extremely damaging to a healthy economy, wreaked further havoc on economies in an already fragile state, while the central banks were hemorrhaging foreign reserves, of which they had finite amounts. When it became clear that
9918-404: The most widely spoken languages in the world. Indonesian vocabulary has been influenced by various regional languages such as Javanese , Sundanese , Minangkabau , Balinese , Banjarese , and Buginese , as well as by foreign languages such as Arabic , Dutch , Portuguese , and English . Many borrowed words have been adapted to fit the phonetic and grammatical rules of Indonesian, enriching
10089-472: The " structural adjustment package" (SAP). The SAPs called on crisis-struck nations to reduce government spending and deficits, allow insolvent banks and financial institutions to fail, and aggressively raise interest rates. The reasoning was that these steps would restore confidence in the nations' fiscal solvency , penalize insolvent companies, and protect currency values. Above all, it was stipulated that IMF-funded capital had to be administered rationally in
10260-432: The "General Agreement to Borrow" and the "Emergency Finance Mechanism". The scope and the severity of the collapses led to an urgent need for outside intervention. Since the countries melting down were among the richest in their region, and in the world, and since hundreds of billions of dollars were at stake, any response to the crisis was likely to be cooperative and international. The International Monetary Fund created
10431-557: The 1930s, they maintained a minimalist regime and allowed Malay to spread quickly throughout the archipelago. Dutch dominance at that time covered nearly all aspects, with official forums requiring the use of Dutch, although since the Second Youth Congress (1928) the use of Indonesian as the national language was agreed on as one of the tools in the independence struggle. As of it, Mohammad Hoesni Thamrin inveighed actions underestimating Indonesian. After some criticism and protests,
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#173285239575310602-472: The 1990s after the implementation of a number of export-oriented reforms. Other economists dispute China's impact, noting that both ASEAN and China experienced simultaneous rapid export growth in the early 1990s. Many economists believe that the Asian crisis was created not by market psychology or technology, but by policies that distorted incentives within the lender–borrower relationship. The resulting large quantities of credit that became available generated
10773-491: The 1990s, hot money flew into the Southeast Asia region through financial hubs , especially Hong Kong. The investors were often ignorant of the actual fundamentals or risk profiles of the respective economies, and once the crisis gripped the region, the political uncertainty regarding the future of Hong Kong as an Asian financial centre led some investors to withdraw from Asia altogether. This shrink in investments only worsened
10944-447: The 2010 census showing only 19.94% of over-five-year-olds speak mainly Indonesian at home. Standard Indonesian is used in books and newspapers and on television/radio news broadcasts. The standard dialect, however, is rarely used in daily conversations, being confined mostly to formal settings. While this is a phenomenon common to most languages in the world (for example, spoken English does not always correspond to its written standards),
11115-702: The Balaraja-Karangtengah segment and 8 stations in Medan Satria-Cikarang segment. Later, the construction of the western segment of the line was revised to Balaraja-Kembangan, while the eastern segment remains the same, with total length of 50.4 km of line to be constructed. In December 2020, the President Director of MRT Jakarta, William Sabandar, announced plans for the construction of Phase 4. This line will connect Fatmawati with Taman Mini Indonesia Indah for approximately 12 km. This route
11286-491: The Congress of Indonesian Language I 1938, Solo Several years prior to the congress, Swiss linguist, Renward Brandstetter wrote An Introduction to Indonesian Linguistics in 4 essays from 1910 to 1915. The essays were translated into English in 1916. By "Indonesia", he meant the name of the geographical region , and by "Indonesian languages" he meant Malayo-Polynesian languages west of New Guinea, because by that time there
11457-549: The IMF, the reserves of Thailand and South Korea were perilously low, and the Indonesian Rupiah was excessively depreciated. Thus, the first order of business was... to restore confidence in the currency. To achieve this, countries have to make it more attractive to hold domestic currency, which in turn, requires increasing interest rates temporarily, even if higher interest costs complicate the situation of weak banks and corporations... Why not operate with lower interest rates and
11628-574: The Indonesian language is still in debate. High Malay was the official language used in the court of the Johor Sultanate and continued by the Dutch-administered territory of Riau-Lingga , while Low Malay was commonly used in marketplaces and ports of the archipelago. Some linguists have argued that it was the more common Low Malay that formed the base of the Indonesian language. When the Dutch East India Company (VOC) first arrived in
11799-747: The JABODETABEK Urban Transportation Policy Integration Phase (JUTPI) report, the Jabodetabek transportation master plan (RITJ) will eventually form 10 MRT routes, which by 2035 will consist of: Meanwhile, according to the DKI Jakarta Provincial Government on 12 November 2021 live at the Jakarta Investment Forum (JIF), the Railway Masterplan 2039 (Concept of DKI Jakarta Transportation Masterplan) will be divided into two based on ownership status. The first
11970-538: The Jabodebek LRT, KRL Commuterline (with the development of Jatinegara-Manggarai-Tanah Abang-Duri-Angke-Kampung Bandan-Jatinegara into an Elevated Loopline), and the Jakarta-Bandung high-speed train The routes belonging to the DKI Jakarta Provincial Government are: Apart from that, South Korea 's Hyundai Rotem offers an alternative Outer Ring Line route from Rawa Buaya to Ujung Menteng via Kembangan Station (Integration with
12141-479: The Jakarta MRT North-South Line project was carried out by then DKI Jakarta Governor, Fauzi Bowo . A year later, on 11 June 2013, the first three project contracts were signed, namely the underground track construction. Meanwhile, the contract for the elevated track was signed on 10 October 2013. This event was held in conjunction with the laying of the first stone to mark the start of construction by
12312-806: The MRT East-West Line), Tanah Kusir Station (integration with the new station on the KRL Rangkasbitung Line), Fatmawati (Integration with the MRT North-South Line), then follow the Fatmawati-TMII route, then continuing back to Cikunir Station (integration with the LRT Jabodebek Bekasi Line), Cakung Station (Integration with the KRL Cikarang Line), and Ujung Menteng Station (Integration with the MRT East-West Line). Phase 1 of
12483-480: The MRT project. The agreement includes study funding and construction work funding for the first MRT line. On 17 June 2008, the DKI Jakarta Government established PT MRT Jakarta as a regional-owned enterprise company to support the construction and operation of the Jakarta MRT. The basic design work of this first line was carried out from 2010 to 2012. On 26 April 2012, the declaration of the preparation of
12654-510: The SITRAMP II study which lasted from November 2001 to March 2004. JICA offered the Fatmawati‒Monas route with several alternative construction designs to the government which were obtained after conducting a feasibility study. However, efforts to build the MRT were only resumed in 2005. President Susilo Bambang Yudhoyono designated the Jakarta MRT as a national project. From this designation,
12825-506: The Study on Integrated Transportation Master Plan for Jabodetabek (SITRAMP) phase I was initiated. The main points of SITRAMP I were the reassessment of the MRT project of Fatmawati ‒ Monas route and the installation of the concept for SITRAMP II. At the request of the Government of Indonesia , Japan International Cooperation Agency (JICA) was entrusted by the Government of Japan to undertake
12996-464: The U.S. government had pursued expansionary policies, such as lowering interest rates, increasing government spending, and cutting taxes, when the United States itself entered a recession in 2001, and arguably the same in the fiscal and monetary policies during the 2008–2009 Global Financial Crisis. Many commentators in retrospect criticized the IMF for encouraging the developing economies of Asia down
13167-587: The USD–Baht currency peg, and the Thai government was eventually forced to float the Baht, on 2 July 1997, allowing the value of the Baht to be set by the currency market. This caused a chain reaction of events, eventually culminating into a region-wide crisis. Thailand's booming economy came to a halt amid massive layoffs in finance, real estate, and construction that resulted in huge numbers of workers returning to their villages in
13338-467: The United States a more attractive investment destination relative to Southeast Asia, which had been attracting hot money flows through high short-term interest rates, and raised the value of the U.S. dollar. For the Southeast Asian nations which had currencies pegged to the U.S. dollar, the higher U.S. dollar caused their own exports to become more expensive and less competitive in the global markets. At
13509-570: The affected countries were at the EMEAP (Executive Meeting of East Asia Pacific) meeting in Shanghai, and they failed to make the "New Arrangement to Borrow" operational. A year earlier, the finance ministers of these same countries had attended the 3rd APEC finance ministers meeting in Kyoto , Japan, on 17 March 1996, and according to that joint declaration, they had been unable to double the amounts available under
13680-532: The archipelago at the start of the 1600s, the Malay language was a significant trading and political language due to the influence of the Malaccan Sultanate and later the Portuguese . However, the language had never been dominant among the population of the Indonesian archipelago as it was limited to mercantile activity. The VOC adopted the Malay language as the administrative language of their trading outpost in
13851-415: The archipelago, such as Sojomerto inscription . Trade contacts carried on by various ethnic peoples at the time were the main vehicle for spreading the Old Malay language, which was the main communications medium among the traders. Ultimately, the Old Malay language became a lingua franca and was spoken widely by most people in the archipelago. Indonesian (in its standard form) has essentially
14022-401: The chain objectives of tightened money supply , discouraged currency speculation , stabilized exchange rate, curbed currency depreciation, and ultimately contained inflation . In the Asian meltdown, highest IMF officials rationalized their prescribed high interest rates as follows: From then IMF First Deputy managing director, Stanley Fischer in 1998: When their governments "approached
14193-427: The colonial language generally has continued to function as the language of politics, bureaucracy , education, technology , and other fields of importance for a significant time after independence. The Indonesian scholar Soenjono Dardjowidjojo [ id ] even goes so far as to say that when compared to the situation in other Asian countries such as India, Malaysia, Singapore and the Philippines, "Indonesian
14364-475: The construction of the first two stations of the Phase 2A extension, the administration announced that Phase 2B will consist of two stations and one depot, and was under feasibility studies, with its construction expected to commence in mid-2022. It has since been delayed. Phase 2B is estimated to cost Rp10 trillion. Phase 2A construction started on 22 March 2021. During excavation works for the construction of Phase 2A,
14535-574: The countries most affected by the crisis. Hong Kong , Laos , Malaysia and the Philippines were also hurt by the slump. Brunei , mainland China , Japan , Singapore , Taiwan , and Vietnam were less affected, although all suffered from a general loss of demand and confidence throughout the region. Although most of the governments of Asia had seemingly sound fiscal policies , the International Monetary Fund (IMF) stepped in to initiate
14706-422: The country to balance its budget and repay its debts to the IMF in 2003, four years ahead of schedule. The Thai baht continued to appreciate to 29 Baht to the U.S. dollar in October 2010. In June 1997, Indonesia seemed far from crisis. Unlike Thailand, Indonesia had low inflation, a trade surplus of more than $ 900 million, huge foreign exchange reserves of more than $ 20 billion, and a good banking sector. However,
14877-611: The country, many factors arising from all aspects, including sports broadcasting on Indonesian television, including: Additionally, the Indonesian motorcycle Grand Prix , which was held at Sentul , was dropped from the 1998 Superbike and MotoGP calendars. World Rally Championship also dropped the Rally Indonesia from their 1998 calendar . The banking sector was burdened with non-performing loans as its large corporations were funding aggressive expansions. During that time, there
15048-853: The countryside and 600,000 foreign workers being sent back to their home countries. The baht devalued swiftly and lost more than half of its value. The baht reached its lowest point of 56 units to the U.S. dollar in January 1998. The Thai stock market dropped 75%. Finance One, the largest Thai finance company until then, collapsed. On 11 August 1997, the IMF unveiled a rescue package for Thailand with more than $ 17 billion, subject to conditions such as passing laws relating to bankruptcy (reorganizing and restructuring) procedures and establishing strong regulation frameworks for banks and other financial institutions. The IMF approved on 20 August 1997, another bailout package of $ 2.9 billion. Poverty and inequality increased while employment, wages and social welfare all declined as
15219-477: The debacle are many and disputed. Thailand's economy developed into an economic bubble fueled by hot money . More and more was required as the size of the bubble grew. The same type of situation happened in Malaysia and Indonesia, which had the added complication of what was called " crony capitalism ". The short-term capital flow was expensive and often highly conditioned for quick profit . Development money went in
15390-485: The development of national culture, science, technology, and mass media. It also serves as a vehicle of communication among the provinces and different regional cultures in the country. According to Indonesian law, the Indonesian language was proclaimed as the unifying language during the Youth Pledge on 28 October 1928 and developed further to accommodate the dynamics of Indonesian civilization. As mentioned previously,
15561-517: The early European traders and explorers brought to Southeast Asia. Indonesian also receives many English words as a result of globalization and modernization , especially since the 1990s, as far as the Internet's emergence and development until the present day. Some Indonesian words correspond to Malay loanwords in English, among them the common words orangutan , gong , bamboo , rattan , sarong , and
15732-557: The east. Following the bankruptcy of the VOC, the Batavian Republic took control of the colony in 1799, and it was only then that education in and promotion of Dutch began in the colony . Even then, Dutch administrators were remarkably reluctant to promote the use of Dutch compared to other colonial regimes. Dutch thus remained the language of a small elite: in 1940, only 2% of the total population could speak Dutch. Nevertheless, it did have
15903-675: The economic environment. The devaluation of the Chinese renminbi and the Japanese yen , subsequent to the latter's strengthening due to the Plaza Accord of 1985, the raising of U.S. interest rates which led to a strong U.S. dollar, and the sharp decline in semiconductor prices, all adversely affected their growth. As the U.S. economy recovered from a recession in the early 1990s, the U.S. Federal Reserve Bank under Alan Greenspan began to raise U.S. interest rates to head off inflation . This made
16074-606: The evolution of the language with Indonesians, although the 1972 Indonesian alphabet reform was seen mainly as a concession of Dutch-based Indonesian to the English-based spelling of Malaysian. In November 2023, the Indonesian language was recognised as one of the official languages of the UNESCO General Conference. Currently there are 10 official languages of the UNESCO General Conference, consisting of
16245-543: The financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar . Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt . As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, devalued stock markets and other asset prices, and
16416-450: The financial conditions in Asia (subsequently leading to the depreciation of the Thai baht on 2 July 1997). Several case studies on the topic of the application of network analysis of a financial system help to explain the interconnectivity of financial markets , as well as the significance of the robustness of hubs (or main nodes). Any negative externalities in the hubs creates
16587-635: The first phase of the North-South Line, President Joko Widodo also launched the construction of the second phase of the North-South Line. The construction process of this second phase, especially phase II-A ( Bunderan HI ‒ Kota Tua ), is considered to be late from the target. This is due to the Covid-19 pandemic which affects the budget and the contract auction process. As a result, there are several contract packages that are combined and carried out by direct procurement. The first segment construction target, which
16758-464: The frequency of Indonesian ⟨é⟩ and ⟨o⟩. In traditional Malay, high vowels (⟨i⟩, ⟨u⟩) could not appear in a final syllable if a mid-vowel (⟨e⟩, ⟨o⟩) appeared in the previous syllable, and conversely, mid-vowels (⟨e⟩, ⟨o⟩) could not appear in the final syllable if a high vowel (⟨i⟩, ⟨u⟩) appeared in the previous syllable. Traditional Malay does not allow the mid-central schwa vowel to occur in consonant open or closed word-final syllables. The schwa vowel
16929-743: The future president and vice-president, Sukarno and Hatta. Journalists, beginning a practice that has continued to the present, did not wait for the Komisi Bahasa to provide new words, but actively participated themselves in coining terms. Many of the Komisi Bahasa's terms never found public acceptance and after the Japanese period were replaced by the original Dutch forms, including jantera (Sanskrit for 'wheel'), which temporarily replaced mesin (machine), ketua negara (literally 'chairman of state'), which had replaced presiden (president) and kilang (meaning 'mill'), which had replaced pabrik (factory). In
17100-497: The future, with no favored parties receiving funds by preference. In at least one of the affected countries the restrictions on foreign ownership were greatly reduced. There were to be adequate government controls set up to supervise all financial activities, ones that were to be independent, in theory, of private interest. Insolvent institutions had to be closed, and insolvency itself had to be clearly defined. In addition, financial systems were to become "transparent", that is, provide
17271-511: The growth of Jakarta's satellite cities was high so that the mobility of residents from the capital to Bodetabek was very large. The roads in Jakarta will no longer be able to accommodate the mobility of the population. Therefore, a mode of transport is needed that accommodates the mobility of people from the Bodetabek area. As of 2010, public transportation in Jakarta served only 56% of commuter trips. This figure must be increased again considering
17442-571: The high growth of the vehicle population. The average growth of motorised vehicles in Jakarta was 9.5%, while the growth of road length only reached 0.1% between 2005 and 2010. This must be addressed with a policy to reduce and prevent severe congestion. Until then, public transportation in the city mainly consists of the TransJakarta bus rapid transit system, the KRL Commuterline commuter rail, and various types of independent buses; starting from
17613-404: The highest economic growth rate of any country at the time. Inflation was kept reasonably low within a range of 3.4–5.7%. The baht was pegged at 25 to the U.S. dollar. On 14 and 15 May 1997, the Thai baht was hit by massive speculative attacks. On 30 June 1997, Prime Minister Chavalit Yongchaiyudh said that he would not devalue the baht. However, Thailand lacked the foreign reserves to support
17784-629: The implementation of the project, and that means the system would take 15 to 20 years to complete. Many studies have been done either by the Germans, the French, the Japanese, or the World Bank , and no decision has been taken regarding the implementation of a public transportation system. An international consortium was formed in August 1995 to prepare a feasibility study of the first line of the MRT system. The consortium
17955-467: The international financial community. Later that year, in July, South Korea's third-largest car maker, Kia Motors , asked for emergency loans. The domino effect of collapsing large South Korean companies drove the interest rates up and international investors away. In the wake of the Asian market downturn, Moody's lowered the credit rating of South Korea from A1 to A3, on 28 November 1997, and downgraded again to B2 on 11 December. That contributed to
18126-492: The kind of financial information used in the West to make financial decisions. As countries fell into crisis, many local businesses and governments that had taken out loans in US dollars, which suddenly became much more expensive relative to the local currency which formed their earned income, found themselves unable to pay their creditors. The dynamics of the situation were similar to that of
18297-1346: The language and established bahasa Indonesia as the national language of the new nation. The term bahasa Indonesia itself had been proposed by Mohammad Tabrani in 1926, and Tabrani had further proposed the term over calling the language Malay language during the First Youth Congress in 1926. Indonesian language (old VOS spelling): Jang dinamakan 'Bahasa Indonesia' jaitoe bahasa Melajoe jang soenggoehpoen pokoknja berasal dari 'Melajoe Riaoe' akan tetapi jang soedah ditambah, dioebah ataoe dikoerangi menoeroet keperloean zaman dan alam baharoe, hingga bahasa itoe laloe moedah dipakai oleh rakjat diseloeroeh Indonesia; pembaharoean bahasa Melajoe hingga menjadi bahasa Indonesia itoe haroes dilakoekan oleh kaoem ahli jang beralam baharoe, ialah alam kebangsaan Indonesia Indonesian (modern EYD spelling): Yang dinamakan 'Bahasa Indonesia' yaitu bahasa Melayu yang sungguhpun pokoknya berasal dari 'Melayu Riau' akan tetapi yang sudah ditambah, diubah atau dikurangi menurut keperluan zaman dan alam baru, hingga bahasa itu lalu mudah dipakai oleh rakyat di seluruh Indonesia; pembaharuan bahasa Melayu hingga menjadi bahasa Indonesia itu harus dilakukan oleh kaum ahli yang beralam baru, ialah alam kebangsaan Indonesia English : "What
18468-556: The language and reflecting Indonesia's diverse linguistic heritage. Most Indonesians, aside from speaking the national language, are fluent in at least one of the more than 700 indigenous local languages ; examples include Javanese and Sundanese , which are commonly used at home and within the local community. However, most formal education and nearly all national mass media , governance , administration , and judiciary and other forms of communication are conducted in Indonesian. Under Indonesian rule from 1976 to 1999, Indonesian
18639-412: The language of politics , education , and nation-building in general, Indonesian became one of the few success stories of an indigenous language effectively overtaking that of a country's colonisers to become the de jure and de facto official language. Today, Indonesian continues to function as the language of national identity as the Congress of Indonesian Youth envisioned, and also serves as
18810-432: The language of education, literacy , modernization , and social mobility . Despite still being a second language to most Indonesians, it is unquestionably the language of the Indonesian nation as a whole, as it has had unrivalled success as a factor in nation-building and the strengthening of Indonesian identity. Indonesian is spoken as a mother tongue and national language. Over 200 million people regularly make use of
18981-603: The language was based on Riau Malay, though linguists note that this is not the local dialect of Riau, but the Malaccan dialect that was used in the Riau court . Since its conception in 1928 and its official recognition in the 1945 Constitution, the Indonesian language has been loaded with a nationalist political agenda to unify Indonesia (former Dutch East Indies ). This status has made it relatively open to accommodate influences from other Indonesian ethnic languages, most notably Javanese as
19152-481: The language with the most native speakers (Javanese) nor the language of the former European colonial power (Dutch) was to be adopted. Instead, a local language with far fewer native speakers than the most widely spoken local language was chosen (nevertheless, Malay was the second most widely spoken language in the colony after Javanese, and had many L2 speakers using it for trade, administration, and education). In 1945, when Indonesia declared its independence, Indonesian
19323-415: The language's wordstock. The Japanese agreed to the establishment of the Komisi Bahasa (Language Commission) in October 1942, formally headed by three Japanese but with a number of prominent Indonesian intellectuals playing the major part in its activities. Soewandi, later to be Minister of Education and Culture, was appointed secretary, Alisjahbana was appointed an 'expert secretary' and other members included
19494-417: The language, with Chinese influencing Indonesian during the 15th and 16th centuries due to the spice trade ; Sanskrit , Tamil , Prakrit and Hindi contributing during the flourishing of Hindu and Buddhist kingdoms from the 2nd to the 14th century; followed by Arabic after the spread of Islam in the archipelago in the 13th century. Loanwords from Portuguese were mainly connected with articles that
19665-619: The languages' words for kinship, health, body parts and common animals. Numbers, especially, show remarkable similarities. There are more than 700 local languages in Indonesian islands, such as Javanese , Sundanese , etc. While Malay as the source of Indonesian is the mother tongue of ethnic Malay who lives along the east coast of Sumatra, in the Riau Archipelago, and on the south and west coast of Kalimantan (Borneo). There are several areas, such as Jakarta, Manado, Lesser Sunda islands, and Mollucas which has Malay-based trade languages. Thus,
19836-523: The late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion . However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the Tom Yum Kung crisis ( Thai : วิกฤตต้มยำกุ้ง ) on 2 July, it followed
20007-410: The less common words such as paddy , sago and kapok , all of which were inherited in Indonesian from Malay but borrowed from Malay in English. The phrase "to run amok" comes from the Malay verb amuk (to run out of control, to rage). Indonesian is neither a pidgin nor a creole since its characteristics do not meet any of the criteria for either. It is believed that the Indonesian language
20178-572: The likelihood of the Malay homeland being in western Borneo stretching to the Bruneian coast. A form known as Proto-Malay language was spoken in Borneo at least by 1000 BCE and was, it has been argued, the ancestral language of all subsequent Malayan languages . Its ancestor, Proto-Malayo-Polynesian , a descendant of the Proto-Austronesian language , began to break up by at least 2000 BCE, possibly as
20349-530: The majority ethnic group, and Dutch as the previous coloniser. Compared to the indigenous dialects of Malay spoken in Sumatra and Malay peninsula or the normative Malaysian standard, the Indonesian language differs profoundly by a large number of Javanese loanwords incorporated into its already-rich vocabulary. As a result, Indonesian has more extensive sources of loanwords , compared to Malaysian Malay. The disparate evolution of Indonesian and Malaysian has led to
20520-460: The majority of the population and that would not divide the nation by favouring one ethnic group, namely the Javanese, over the others. In 1945, Indonesian was already in widespread use; in fact, it had been for roughly a thousand years. Over that long period, Malay, which would later become standardized as Indonesian, was the primary language of commerce and travel . It was also the language used for
20691-458: The mid-front vowel /e/ is sometimes represented with a diacritic as ⟨é⟩ to distinguish it from the mid-central vowel ⟨ê⟩ /ə/. Since 2015, the auxiliary graphemes ⟨é⟩ and ⟨è⟩ are used respectively for phonetic [ e ] and [ ɛ ] in Indonesian, while Standard Malay has rendered both of them as ⟨é⟩. The phonetic realization of the mid vowels / e / and / o / ranges from close-mid ( [e] / [o] ) to open-mid ( [ɛ] / [ɔ] ) allophones . Some analyses set up
20862-414: The more classical School Malay and it was accused of publishing Dutch written with an Indonesian vocabulary. Alisjahbana would no doubt have taken the criticism as a demonstration of his success. To him the language of Pujangga Baru pointed the way to the future, to an elaborated, Westernised language able to express all the concepts of the modern world. As an example, among the many innovations they condemned
21033-430: The national language, with varying degrees of proficiency. In a nation that is home to more than 700 native languages and a vast array of ethnic groups, it plays an important unifying and cross-archipelagic role for the country. Use of the national language is abundant in the media, government bodies, schools , universities , workplaces , among members of the upper-class or nobility and also in formal situations, despite
21204-408: The need to develop Indonesian so that it could take its place as a fully adequate national language, able to replace Dutch as a means of entry into modern international culture. In 1933, he began the magazine Pujangga Baru (New Writer — Poedjangga Baroe in the original spelling) with co-editors Amir Hamzah and Armijn Pane. The language of Pujangga Baru came in for criticism from those associated with
21375-405: The new Governor, Joko Widodo . Construction of the entire line was fully completed on 31 October 2017. Starting 12 March 2019, the line was opened to the public in a limited public trial that lasted until just before the inauguration. The first line of the Jakarta MRT was officially operated on 24 March 2019 after being inaugurated by President Joko Widodo. At the same time as the inauguration of
21546-443: The path of "fast-track capitalism", meaning liberalization of the financial sector (elimination of restrictions on capital flows), maintenance of high domestic interest rates to attract portfolio investment and bank capital, and pegging of the national currency to the dollar to reassure foreign investors against currency risk. The conventional high-interest-rate economic strategy is normally employed by monetary authorities to attain
21717-473: The prefix me- is often dropped, although an initial nasal consonant is often retained, as when mengangkat becomes ngangkat (the basic word is angkat ). The suffixes -kan and -i are often replaced by -in . For example, mencarikan becomes nyariin , menuruti becomes nurutin . The latter grammatical aspect is one often closely related to the Indonesian spoken in Jakarta and its surrounding areas. Malay historical linguists agree on
21888-429: The preparatory processes for the construction of the first line of the Jakarta MRT began. The Japanese government also agreed to provide a loan for this national project. The process of developing the first line of the Jakarta MRT began when President SBY designated the system as a national project. In November 2006, the first loan agreement was signed with JICA (then Japan Bank for International Cooperation or JBIC) for
22059-483: The process, prompting the administration to find an alternative location, which will also be designed to house the train depot. On 1 January 2019, the president director of MRT Jakarta, William Sabandar said the city administration had decided to make Kota the final station for Phase 2. The extension was then renamed to Phase 2A. Phase 2A will extend the Red line northwards, from Bundaran HI to Kota and consists of 7 stations over 5.8 kilometres (3.6 mi). The extension
22230-537: The program, 787 insolvent financial institutions were closed or merged by June 2003. The number of financial institutions in which foreign investors invested has increased rapidly. Examples include New Bridge Capital's takeover of Korea First Bank. The South Korean won , meanwhile, weakened to more than 1,700 per U.S. dollar from around 800, but later managed to recover. However, like the chaebol, South Korea's government did not escape unscathed. Its national debt -to-GDP ratio more than doubled (approximately 13% to 30%) as
22401-460: The project was funded through a soft loan ( Rp 16 trillion) (US$ 1.2 billion) from the JICA with a 30 years tenure and 0.25% interest per annum. The loan number IP is 536 (signed November 2006) for engineering services. The engineering services loan is a pre-construction loan to prepare the construction phase. It consists of: Phase 2 was funded through a similar loan scheme with a 40 years tenure, allowing
22572-417: The propagation of Islam in the 13th to 17th centuries, as well as the language of instruction used by Portuguese and Dutch missionaries attempting to convert the indigenous people to Christianity . The combination of these factors meant that the language was already known to some degree by most of the population, and it could be more easily adopted as the national language than perhaps any other. Moreover, it
22743-436: The proximity of spoken Indonesian (in terms of grammar and vocabulary) to its normative form is noticeably low. This is mostly due to Indonesians combining aspects of their own local languages (e.g., Javanese , Sundanese , and Balinese ) with Indonesian. This results in various vernacular varieties of Indonesian, the very types that a foreigner is most likely to hear upon arriving in any Indonesian city or town. This phenomenon
22914-461: The rate was almost exactly 8,000 to 1 U.S. dollar. Indonesia lost 13.5% of its GDP that year. In February 1998, President Suharto sacked the incumbent Bank Indonesia governor, J. Soedradjad Djiwandono , but this proved insufficient. Amidst widespread rioting in May 1998 , Suharto resigned under public pressure and Vice President B. J. Habibie replaced him. As a result of the financial crisis that hit
23085-570: The reason for the increase. Phase 3 is funded by JICA and the Asian Development Bank (ADB), in January 2023 it was announced that cost required for Phase 3 is Rp160 trillion (US$ 10.6 billion). While ADB will finance the project with up to $ 600 million. The Phase 3 will connect Balaraja and Cikarang. Phase 4 will be funded by a South Korean consortium led by Korea Overseas Infrastructure and Urban Development Corporation with estimate cost of Rp21 trillion (US$ 1.9 billion). The Jakarta MRT
23256-628: The remains of tracks used for Jakarta's tramway were found. The East–West Line is the second MRT Jakarta line which connects Cikarang in the east with Balaraja in the west via the Central Jakarta area. This line is planned to have 48 stations and a length of approximately 84,102 to 87 km with funding requirements of IDR 160 trillion. Just like the North-South line, the East-West line will also be built in phases, with similar system and gauge between
23427-405: The role of asymmetric information in the financial markets that led to a " herd mentality " among investors that magnified a small risk in the real economy. The crisis has thus attracted attention from behavioral economists interested in market psychology . Another possible cause of the sudden risk shock may also be attributable to the handover of Hong Kong sovereignty on 1 July 1997 . During
23598-408: The role of the real economy in the crisis compared to the financial markets. The rapidity with which the crisis happened has prompted Sachs and others to compare it to a classic bank run prompted by a sudden risk shock. Sachs pointed to strict monetary and contractionary fiscal policies implemented by the governments on the advice of the IMF in the wake of the crisis, while Frederic Mishkin points to
23769-497: The rupiah currency trading band from 8% to 12%. As a result, the rupiah suddenly came under severe attack in August. Therefore, on the 14th of the month, the managed floating exchange regime was replaced by a free-floating exchange rate arrangement. The rupiah dropped further due to the shift. The IMF came forward with a rescue package of $ 23 billion, but the rupiah was sinking further amid fears over corporate debts, massive selling of rupiah, and strong demand for dollars. The rupiah and
23940-458: The rupiah's decline, and many reacted by buying dollars through selling rupiah, undermining the value of the latter further. Before the crisis, the exchange rate between the rupiah and the dollar was roughly 2,600 rupiah to 1 U.S. dollar. The rate plunged to over 11,000 rupiah to 1 U.S. dollar on 9 January 1998, with spot rates over 14,000 during 23–26 January and trading again over 14,000 for about six weeks during June–July 1998. On 31 December 1998,
24111-543: The same material basis as the Malaysian standard of Malay and is therefore considered to be a variety of the pluricentric Malay language. However, it does differ from Malaysian Malay in several respects, with differences in pronunciation and vocabulary. These differences are due mainly to the Dutch and Javanese influences on Indonesian. Indonesian was also influenced by the Melayu pasar ( lit. ' market Malay ' ), which
24282-448: The same time, Southeast Asia's export growth slowed dramatically in the spring of 1996, deteriorating their current account position. Some economists have advanced the growing exports of China as a factor contributing to ASEAN nations' export growth slowdown, though these economists maintain the main cause of their crises was excessive real estate speculation. China had begun to compete effectively with other Asian exporters particularly in
24453-459: The shock, but nevertheless suffered serious hits in passing, mainly due to its status as a major financial hub and its geographical proximity to Malaysia and Indonesia. By 1999, however, analysts saw signs that the economies of Asia were beginning to recover. After the crisis, economies in East and Southeast Asia worked together toward financial stability and better financial supervision. The causes of
24624-820: The six United Nations languages, namely English , French , Arabic , Chinese , Russian , and Spanish , as well as four other languages of UNESCO member countries, namely Hindi , Italian , Portuguese , and Indonesian. As regulated by Indonesian state law UU No 24/2009, other than state official speeches and documents between or issued to Indonesian government, Indonesian language is required by law to be used in: However, other languages may be used in dual-language setting to accompany but not to replace Indonesian language in: agreements, information regarding goods / services, scientific papers, information through mass media, geographical names, public signs, road signs, public facilities, banners, and other information of public services in public area. While there are no sanctions of
24795-430: The status of the Indonesian language. The national language is Indonesian. Indonesian functions as a symbol of national identity and pride, and is a lingua franca among the diverse ethnic groups in Indonesia and the speakers of vernacular Malay dialects and Malay creoles. The Indonesian language serves as the national and official language, the language of education, communication, transaction and trade documentation,
24966-466: The tide of capital fleeing these countries was not to be stopped, the authorities ceased defending their fixed exchange rates and allowed their currencies to float . The resulting depreciated value of those currencies meant that foreign currency-denominated liabilities grew substantially in domestic currency terms, causing more bankruptcies and further deepening the crisis. Other economists, including Joseph Stiglitz and Jeffrey Sachs , have downplayed
25137-550: The two lines. The line is planned to interchange with the North-South line at Thamrin Station. Architectural design studies have been underway and construction was initially expected to begin in 2020, however it has since been delayed. Groundbreaking ceremony was held on 11 September 2024, with construction to be commenced in 2025. Phase I is the initial stage of construction of the East–West Line, divided into two stages. Initially, it
25308-481: The use of Indonesian was allowed since the Volksraad sessions held in July 1938. By the time they tried to counter the spread of Malay by teaching Dutch to the natives, it was too late, and in 1942, the Japanese conquered Indonesia. The Japanese mandated that all official business be conducted in Indonesian and quickly outlawed the use of the Dutch language. Three years later, the Indonesians themselves formally abolished
25479-485: The use of KMT is still a trial application along with the Jakarta LRT and Transjakarta services. To prevent track incursions, half-height and full-height platform screen doors (PSDs) are installed at platforms of elevated and underground stations respectively. Indonesian language Indonesian ( Bahasa Indonesia ; [baˈhasa indoˈnesija] ) is the official and national language of Indonesia . It
25650-518: The user makes a payment, the user only needs to bring the mobile phone closer to the QR code reader at the passenger door so that the door opens automatically. Passengers are required to tap their cards at the fare gates when entering and exiting the paid area of the stations. Since October 2021, the KAI Commuter Multi Trip Card (KMT) can be used on the Jakarta MRT service. However, until now
25821-525: The uses of other languages, in Indonesian court's point of view, any agreements made in Indonesia but not drafted in Indonesian language, is null and void. In any different interpretations in dual-language agreements setting, Indonesian language shall prevail. Indonesian has six vowel phonemes as shown in the table below. In standard Indonesian orthography, the Latin alphabet is used, and five vowels are distinguished: a, i, u, e, o . In materials for learners,
25992-477: The very small bemo and pickup-truck sized mikrolet , to slightly larger minibuses such as the widely used MetroMini and Kopaja minibuses and full sized city buses . There are also both two and four wheeled taxis . According to Dr. Soetjipto Wirosardjono, the deputy chairman of the Central Bureau of Statistics, the MRT system has never been a priority for the governors since they are mostly interested in
26163-422: The word bahasa only means language. For example, French language is translated as bahasa Prancis , and the same applies to other languages, such as bahasa Inggris (English), bahasa Jepang (Japanese), bahasa Arab (Arabic), bahasa Italia (Italian), and so on. Indonesians generally may not recognize the name Bahasa alone when it refers to their national language. Standard Indonesian
26334-574: Was a haste to build great conglomerates to compete on the world stage. Many businesses ultimately failed to ensure returns and profitability. The chaebol , South Korean conglomerates, simply absorbed more and more capital investment. Eventually, excess debt led to major failures and takeovers. Amongst other stimuli, the crisis resulted in the bankruptcy of major Korean companies, provoking not only corporations, but also government officials towards corruption. The Hanbo scandal of early 1997 exposed South Korea's economic weaknesses and corruption problems to
26505-403: Was designated as the official language of Timor Leste . It has the status of a working language under the country's constitution along with English . In November 2023, the Indonesian language was recognized as one of the official languages of the UNESCO General Conference. The term Indonesian is primarily associated with the national standard dialect ( bahasa baku ). However, in
26676-501: Was dissolved due to the crisis, and eventually Daewoo Motors was sold to the American company General Motors (GM). The International Monetary Fund (IMF) provided US$ 58.4 billion as a bailout package. In return, Korea was required to take restructuring measures. The ceiling on foreign investment in Korean companies was raised from 26 percent to 100 percent. In addition, the Korean government started financial sector reform program. Under
26847-436: Was formally declared the national language, despite being the native language of only about 5% of the population. In contrast, Javanese and Sundanese were the mother tongues of 42–48% and 15% respectively. The combination of nationalistic , political , and practical concerns ultimately led to the successful adoption of Indonesian as a national language. In 1945, Javanese was easily the most prominent language in Indonesia. It
27018-477: Was initially planned to be fully operational by March 2026. However, due to problems securing bidders for the construction and the effects of the COVID-19 pandemic , the extension is now targeted to be fully operational by 2028. On 20 February 2019, it was announced that the Red line will be extended further, towards Ancol. The extension was named Phase 2B. On 17 February 2020, during the signing of contract CP201 for
27189-600: Was introduced in closed syllables under the influence of Javanese and Jakarta Malay, but Dutch borrowings made it more acceptable. Although Alisjahbana argued against it, insisting on writing ⟨a⟩ instead of an ⟨ê⟩ in final syllables such as koda (vs kodə 'code') and nasionalisma (vs nasionalismə 'nationalism'), he was unsuccessful. This spelling convention was instead survived in Balinese orthography. Indonesian has four diphthong phonemes only in open syllables. They are: Some analyses assume that these diphthongs are actually
27360-402: Was known as part of the " Asian economic miracle ". In the mid-1990s, Thailand , Indonesia and South Korea had large private current account deficits, and the maintenance of fixed exchange rates encouraged external borrowing and led to excessive exposure to foreign exchange risk in both the financial and corporate sectors. In the mid-1990s, a series of external shocks began to change
27531-402: Was officially opened on 24 March 2019. Jakarta is the main financial hub and largest city of Indonesia , harbouring 10 million inhabitants, one-third of the population of Greater Jakarta . It is estimated that over four million residents of the surrounding Greater Jakarta area commute to and from the city each working day. Transport issues are attracting increasing political attention with
27702-456: Was one of the means to achieve independence, but it is opened to receive vocabulary from other foreign languages aside from Malay that it has made contact with since the colonialism era, such as Dutch, English and Arabic among others, as the loan words keep increasing each year. In 2020, Indonesian had 71.9 million native speakers and 176.5 million second-language speakers, who speak it alongside their local mother tongue , giving
27873-544: Was opened for free service on 24 March 2019. Commercial service began on 1 April 2019. Phase 1 is expected to serve 212,000 passengers per day. This expected capacity may be maxed out to 960,000 per day. The 15.7 kilometres (9.8 mi) distance is covered in under 30 minutes. Within its first month of operations, 82,000 passengers used the line daily. Phase 2 was initially planned to extend Bundaran HI to Kampung Bandan in North Jakarta. However, land acquisition issues hindered
28044-405: Was originally completed in 2024, is believed to be delayed until 2025. To date, the construction process for this phase is still ongoing. Unlike the previous phase, this second phase has been designed to be built with the concept of a transit-oriented area, making it easier for users to switch modes of transport. Meanwhile, phase II-B (Kota Tua‒ Ancol ) is still under feasibility study. According to
28215-456: Was planned to stretch for 31.7 km connecting Ujung Menteng with Kembangan. Later, it was revised to connect Medan Satria with Tomang first for phase I stage 1, stretching 24.5 km, and then Kembangan with Tomang for phase I stage 2, stretching 9.2 km. Phase I will be funded by Japan International Cooperation Agency (JICA), after an agreement was signed on 13 May 2024. Phase II itself will initially have 22 stations, with 14 stations in
28386-408: Was signed with Tycoon Bamabang Trihatmodjo (Bimantara Group) for the joining of the consortium planning a US$ 2 billion system. The planned completion was set for 2001, but disputes over financing have delayed the venture. However, this endeavour failed due to the 1997‒1998 economic crisis . In 2000, the project was resumed after Indonesia's socio-political and economic conditions improved. At that time,
28557-400: Was still no notion of Indonesian language. Sutan Takdir Alisjahbana was a great promoter of the use and development of Indonesian and he was greatly exaggerating the decline of Dutch. Higher education was still in Dutch and many educated Indonesians were writing and speaking in Dutch in many situations (and were still doing so well after independence was achieved). He believed passionately in
28728-440: Was the language of the sultanate of Brunei and of future Malaysia , on which some Indonesian nationalists had claims . Over the first 53 years of Indonesian independence , the country's first two presidents, Sukarno and Suharto constantly nurtured the sense of national unity embodied by Indonesian, and the language remains an essential component of Indonesian identity. Through a language planning program that made Indonesian
28899-407: Was the lingua franca of the archipelago in colonial times, and thus indirectly by other spoken languages of the islands. Malaysian Malay claims to be closer to the classical Malay of earlier centuries, even though modern Malaysian has been heavily influenced, in lexicon as well as in syntax, by English. The question of whether High Malay (Court Malay) or Low Malay (Bazaar Malay) was the true parent of
29070-445: Was the native language of nearly half the population, the primary language of politics and economics , and the language of courtly , religious , and literary tradition. What it lacked, however, was the ability to unite the diverse Indonesian population as a whole. With thousands of islands and hundreds of different languages, the newly independent country of Indonesia had to find a national language that could realistically be spoken by
29241-649: Was use of the word bisa instead of dapat for 'can'. In Malay bisa meant only 'poison from an animal's bite' and the increasing use of Javanese bisa in the new meaning they regarded as one of the many threats to the language's purity. Unlike more traditional intellectuals, he did not look to Classical Malay and the past. For him, Indonesian was a new concept; a new beginning was needed and he looked to Western civilisation, with its dynamic society of individuals freed from traditional fetters, as his inspiration. The prohibition on use of Dutch led to an expansion of Indonesian language newspapers and pressure on them to increase
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