Village Products in Indonesia Exported to China and United States Up to IDR 6.5 Billion

The Ministry of Trade together with the Ministry of Villages, Development of Disadvantaged Regions and Transmigration, the Provincial Government of South Sulawesi, and PT Astra International Tbk released the export of a number of superior products of Desa Sejahtera Astra (DSA) in South Sulawesi and Southeast Sulawesi Provinces worth IDR 6.5 billion.

DSA’s flagship products exported were 27 tons of seaweed worth IDR 450 million to China and 14 tons of fishery products worth IDR 1.4 billion to the United States (US) from DSA Wakatobi, Southeast Sulawesi, and 12 tons of patchouli oil products IDR 4.7 billion to India and Pakistan from DSA Bone, South Sulawesi and DSA Bombana, Southeast Sulawesi.

The export release took place today, Friday (12/8) at the Garuda Warehouse, Makassar City, South Sulawesi. The release was attended by Governor of South Sulawesi Andi Sudirman Sulaiman, Chief of Corporate Affairs of PT Astra International Tbk Riza Deliansyah.

“It is hoped that in the future, the villages assisted by PT Astra International Tbk will be able to export independently and sustainably. This is in line with the direction of the Minister of Trade, Zulkifli Hasan, to continue to improve export performance,” said Didi Sumedi, Director General of National Export in a written statement, quoted on Saturday (13/8/2022).

According to Didi, this export release activity is one of the implementations of the Village Leading Product Export Development Cooperation between the Ministry of Trade and PT Astra International Tbk which aims to increase the export capacity of villages to the global market.

The Ministry of Trade continues to support the promotion of the export of superior village products such as fisheries, seaweed, and patchouli. One of them is through the 2022 Trade Expo Indonesia (TEI) exhibition which will be held on a hybrid basis, namely on 19-23 October 2022 for an offline event at ICE BSD, Tangerang, and on 19 October – 19 December 2022 for a virtual exhibition via

Based on data from the Central Statistics Agency (BPS), the export value of Indonesian seaweed products increased by 102.5% compared to the same period the previous year (YoY) with the main export markets being China, the US, South Korea, France, and Vietnam. For essential oils in 2021, essential oil exports increased 15.1 percent (YoY). The main export markets for these commodities are the United States, India, France, Singapore, and Spain. In the January-June 2022 period, the export value of Indonesian fishery products was recorded at US$ 2.18 billion, an increase of 19.9% (YoY). The main export markets for these commodities are the US, China, Japan, Vietnam, and Malaysia.

August 13, 2022, detikFinance


Tesla Buys Nickel from Morowali for IDR 74 Trillion When to Build a Factory in Indonesia?

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said the world’s largest electric car manufacturer, Tesla Inc. has signed contracts to buy nickel from two companies in Indonesia. The total value of the transaction is US$ 5 billion, equivalent to IDR 74.5 trillion. Tesla has recently become a hot topic of discussion about the company’s plans to invest in the Indonesian automotive industry.

“They have bought, now that’s good, two Indonesian products, one from Huayou, the other where. He has signed a contract for five years. So he has entered the first stage,” he said on the CNBC Economic Update: Investment Attractiveness in Post-pandemic Indonesia. , Monday (8/8/2022).

Tesla’s contract is for the needs of lithium batteries at the factory. The location of the nickel company contracted by Tesla is in Morowali Regency, Central Sulawesi. “The contract for lithium batteries in Morowali, there are a dozen industries. He’s already engaged there, the value is probably around US$ 5 billion,” Luhut explained.

As for the construction of an automotive factory by Tesla in Indonesia, Luhut said it was still in the negotiation stage. As for the construction of an automotive factory by Tesla in Indonesia, Luhut said it was still in the negotiation stage.

Luhut said negotiations with Starlink were getting closer to an agreement. Whereas with Tesla it still takes longer because of the large investment value. “I thought Starlink was in the final negotiations. Tesla is still negotiating. We’ll see because Tesla’s investment is large. So the negotiations with Tesla are still quite long,” said Luhut, Tuesday (7/6/2022).

August 9, 2022, detikFinance


Pertamina Enters Fortune Global 500 List Again, Up 64 Ranks

PT Pertamina (Persero) has again listed its name as the only Indonesian company to be included in the 2022 Fortune Global 500 list. Pertamina is ranked 223, up 64 places compared to 2021 which is in position 287. In 2022, the Fortune Global 500 places 30 world oil and gas companies in the Petroleum Refining category. Pertamina is at number 21 above Idemitsu & Repsol.

The Minister of State-Owned Enterprises, Erick Thohir, appreciated Pertamina’s success in re-entering the Fortune Global 500 with a significant increase in ranking. The increase provides evidence that State-Owned Enterprises can compete with global companies.

“I highly appreciate the directors, commissioners, and all Pertamina personnel who work hard in increasing the company’s competitiveness in the international arena. The transformation through holding and sub-holding makes Pertamina’s operations more effective and efficient because it focuses on core business. This is in line with our target that Pertamina must become a Global Energy Champion company and have a valuation of US$ 100 billion,” Erick said in a written statement, Tuesday (9/8/2022).

Erick said Pertamina’s success shows that State-Owned Enterprises are not only able to survive in the face of a pandemic, but can also improve performance with various innovations. This achievement is said to be inseparable from the steps of transformation and restructuring through the formation of holdings and sub-holdings.

Erick hopes that this achievement can be an inspiration for other State-Owned Enterprises to be able to speak more on the world stage. He believes that other state-owned companies can also imitate Pertamina’s footsteps as long as they are able to optimally implement the transformation and core values of morality.

“The better the performance of State-Owned Enterprises, especially until they are recognized by the world, will certainly have a significant impact on the community. Positive performance will certainly provide a large space for State-Owned Enterprises to contribute more to increasing economic growth, maintaining market balance, to economic programs. people,” said Erick.

August 9, 2022, detikFinance


Far from Recession! Indonesian Economy Grows 5.44%

The Central Statistics Agency (BPS) announced Indonesia’s economic growth data for the second quarter of 2022. The result is in line with expectations, and the country’s economy is growing high. In the midst of global inflationary pressures and economic recession, Indonesia grew impressively by 5.44% in the second quarter of 2022, which indicates that the trend of economic recovery is continuing and strengthening. Indonesia’s Gross Domestic Product (GDP) grew 3.72% compared to the previous quarter (QoQ), Gross Domestic Product (GDP) at the current price of IDR 4,919.9 Trillion.

GDP growth by business sector (YoY), still led by Transportation and Warehousing with 21.27%, ETC 5.79%, Trade and Repair 4.42%, Mining and Processing industry with 4.01 and Agriculture 1.37 respectively %. Meanwhile, Gross Domestic Product (GDP) by Expenditure (YoY), led by exports at 19.74%, imports at 12.34%, household consumption at 5.51%, LNPRT consumption on 5.04%, PMTB at 3.07%, and government consumption down to -5.24%.

GRDP growth was still led by Java Island at 56.55%, followed by Sumatra at 22.03%, Bali and Nusa Tenggara at 9.09%, and Kalimantan at 9.09%. The contribution of GRDP by region is led by Maluku and Papua 13.1%, Sulawesi 6.47%, Java 5.66%, and Sumatra 4.95%.

August 5, 2022, CNBC Indonesia


Labuan Bajo to Host DEWG (Digital Economy Working Group) Meeting

The 2022 Digital Economy Working Group (DEWG) has entered its third round, and Labuan Bajo was chosen as the host of this event. Since 2019, the government has included Labuan Bajo as a super-priority tourist destination. Not only offers panoramic beauty, but this region also has great economic potential.

Alternate Chair DEWG 2022 Dedi Permadi said the selection of Labuan Bajo as the host of the 3rd DEWG Meeting was because the G20 not only carried out the mission to agree on priority issues but also introduced Indonesia’s diversity and natural wealth to the world.

According to him, the G20, which has more than 240 events, both court and side events, is trying to be held in as many cities in Indonesia as possible. In this case, DEWG chose several cities including Jogja, Lombok, Labuan Bajo, and finally Bali.

“Labuan Bajo is a very strategic place and suitable for this event because Labuan Bajo is one of Indonesia’s super-priority destinations out of 5 super priority tourist areas that we have,” said Dedi to CNBC Indonesia. Dedi hopes that holding this event in various cities can support the economic recovery of the people in these cities.

Meanwhile, the Managing Director of the Implementing Agency for the Labuan Bajo Flores Authority (BPOLBF), Shana Fatina said that specifically since the appointment of Labuan Bajo as one of the G20 hosts since 3 years ago, improvements have been made from various sides. These improvements include infrastructure, strengthening community capacity, tourism programs, to the creative economy. This improvement is carried out so that Labuan Bajo is ready to serve tourists and G20 guests. Shana said this had its own economic impact.

“After the pandemic period yesterday, I think this G20 is an extraordinary turning point because it is not only for the holding of meeting activities, but since yesterday there have been about 4 G20 activities that have taken place, it is evident that the G20 delegates did not only come for meetings, but also for traveling,” explained Shana.

August 2, 2022, CNBC Indonesia


Meet 10 South Korean Big Investors, Jokowi Brings IDR 100 Trillion Home

            One of the agenda items for President Joko Widodo (Jokowi)’s visit to Seoul, South Korea is to meet with CEOs and leaders of large companies. Jokowi’s seduction succeeded in bringing the commitment of 10 big investors amounting to USD6.72 billion or equivalent to IDR100.69 trillion.

Jokowi expressed his appreciation to the leaders of South Korean companies who were present for the investments made in Indonesia. South Korean investment in Indonesia has shown a significant increase. Jokowi asked that if there were problems in the field, the company could directly contact the Minister of Investment/Head of BKPM.

The 10 company leaders who attended the meeting were CEO of Posco Kim Hag-dong, Vice Chairman/CEO of Lotte Chemical Kim Gyo-Hyun, Vice Chairman/CEO of LG Corp. Brian Kwon, Chairman of CJ Group Sohn Kyung-Sik, Chairman of LS Group Koo Ja-Eun, Vice Chairman/CEO of GS E&C Lim Byeong-yong, CEO of Samsung Electronics Roh Tae-moon, CEO of LX Holdings Roh Jin-seo, Chairman of Taekwang Park Joo-hwan, Chairman of KCC Glass Mong-ik Chung, as well as the Ambassador of the Republic of Korea to the Republic of Indonesia Park Tae-sung.

Also attending the meeting, the Minister of Investment/Head of BKPM Bahlil Lahadalia emphasized the government’s seriousness in attracting as many quality investments as possible to Indonesia. This is realized through the simplification of policies in the investment sector through Law no. 11 of 2020 concerning Job Creation, specifically related to the issuance of business licenses and the provision of fiscal incentives through the Risk-Based Online Single Submission (OSS) system.

Bahlil also emphasized that in addition to facilitating and overseeing investments that enter Indonesia, the Ministry of Investment/BKPM will ensure that these investments can provide benefits for national entrepreneurs and local Micro, Small, and Medium Enterprises (MSMEs) through collaboration.

July 28, 2022, CNBC Indonesia


Alibaba Invests IDR 1.5 Trillion in Smartfren

            Chinese technology giant Alibaba intends to invest more than US$ 100 million (around IDR 1.5 trillion) in local telecommunications company PT Smartfren Telecom Tbk (FREN). This was reported by Nikkei citing a source who whispered to DealStreetAsia. So far, Alibaba has entered Indonesia through PT Akulaku Silvrr Indonesia, part of the Akulaku Group. Akulaku controls 25.66% shares of the digital bank Neo Commerce Bank. In addition, Alibaba has also entered the Fintech Fund through the Ant Financial collaboration with the Emtek conglomerate.

            According to DealStreetAsia news as quoted by Nikkei, Thursday (28/7/2022), the plan to disburse these funds will be announced in the near future. DealStreetAsia has contacted Smartfren and Alibaba to confirm. The FREN-coded stock has started to climb because of this news. Since the beginning of this week, the stock has gone up. On Tuesday, it even rose to 9.2%.

July 28, 2022, detikFinance


Jokowi Meets Japanese Company Bosses IDR 75 Trillion Investment Will Enter Indonesia

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said Japanese companies would invest in Indonesia amounting to IDR 75.4 trillion next year. This is the result of a meeting of President Joko Widodo who was accompanied by ministers with the bosses of Japan’s top companies. Investments vary, ranging from methanol development, and car factory expansion, to the development of new and renewable energy.

            “Thank God we can make a business deal and it can be realized next year at IDR 75.4 trillion, US$ 5.2 billion. New investments, especially in the field of methanol development, car expansion, then NRE. The President explicitly stated that please take care of the investment, if there is a problem, please go to the Minister of Investment, if it is not finished, the President himself will help him,” said Bahlil in a virtual press conference, Wednesday ( 27/7/2022).

            Japanese entrepreneurs have appreciated the reform of business regulations in Indonesia through Law Number 11 of 2020 concerning Job Creation. In addition, Bahlil also stated that the government would provide support in the form of accelerated business licensing services, providing incentives, and various other facilities as well as escorting investment realization.

            In a written statement from the Ministry of Investment, several companies that expressed interest in investing include Toyota Motor Corp in the field of hybrid-based vehicles, Sojitz Corp in the methanol project in collaboration with PT Pupuk Indonesia, and Mitsubishi Corp in the automotive industry and polyester film.

Then, Mitsubishi Motors Corp. wants to invest in the automotive industry, Mitsubishi Chemical Corp. is interested in investing in the polyester film industry, and Denso Corp. wants to relocate its business from America to the auto parts industry. Mitsubishi Chemical Group Corporation has plans to expand its investment through its subsidiary, PT MC PET Film Indonesia (MFI) worth US$ 156 million.

Toyota Shusho in the field of Patimban Port management, Sharp Corp in the field of air conditioning factories, Inpex Corp in the oil and gas industry, and Kansai Electric Power in the power plant construction industry.

Sojitz Corporation Masayoshi conveyed the investment plan for a methanol project in collaboration with PT Pupuk Indonesia in West Papua with an investment plan value of US$ 1 billion. They are currently conducting a feasibility study which is planned to be completed by the end of 2022.

July 27, 2022, detikFinance(

Linde Indonesia to Build $100 million Air Separation Plant

PT Linde Indonesia, a subsidiary of Germany-based Linde Group, announced its plan to build an air separation plant worth US$100 million to supply high-purity industrial gas to gold and copper mining giant PT Freeport Indonesia (PTFI). The new plant, which is estimated to begin operations in mid-2024, would supply oxygen and nitrogen gas to PTFI’s new copper smelter and refinery in Manyar, Gresik, East Java.

            The Manyar smelter is slated to produce copper cathodes – one of the key materials used in batteries and electrical wiring – from concentrate supplied by PTFI’s Grasberg mine in Papua, one of the largest copper and gold mines in the world. The smelter will have a processing capacity of 1.7 million tons of copper concentrate per year. Linde’s oxygen is used in the smelting of copper concentrate, one of the first steps in the copper cathode production process.

            “We are excited to support Freeport Indonesia as it expands its processing capacity in Indonesia. Copper plays an important role in the electrification of transportation and industrial processes, and we look forward to working with Freeport Indonesia on this world-leading project,” Vinayak Kembhavi, president director of Linde Indonesia, Philippines, and Vietnam, said in a statement issued on Wednesday.

“Linde’s track record for the safe and reliable supply of industrial gases has led [the company] to be our partner of choice as we expand our operations,” PTFI president director Tony Wenas said in the statement.

            Mining companies have continued to explore options for developing downstream projects as the government aims to foster downstream industries for the production of finished goods.

            Indonesia is the world’s largest nickel producer and is also rich in cobalt, bauxite, and copper ores, key materials in the manufacture of batteries for electric cars. The country aims to produce 2 million electric vehicles a year by 2030, both cars and motorcycles. The push for electric transportation is part of Indonesia’s aim to achieve net-zero emissions by 2060.

July 23, 2022, The Jakarta Post


President Jokowi Inaugurates Jurassic Park Komodo National Park

President Joko Widodo inaugurated the Jurassic Park spot in Komodo National Park, West Manggarai, NTT. The location of the destination is on Rinca Island. The inauguration was carried out this afternoon, Friday (22/7/2022). The inauguration activity was uploaded in the form of a video on Jokowi’s official Instagram account. On that occasion, Jokowi invited travelers who want to go see Komodo dragons come to Rinca Island.

            “Would you like to travel by directly seeing the endemic Komodo dragon? Come to Rinca Island in NTT. The Rinca Island area has been arranged by the government and is ready to receive tourist visits, from within the country and abroad,” said Jokowi.

            Through the Presidential Secretariat’s YouTube channel, Jokowi explained the increase in ticket prices to Komodo Island for IDR 3.75 million. He had several things to say. “So we want conservation but we also want the economy through tourism, through tourists. This has to be balanced. Well done, Labuan Bajo is lucky because the Komodo dragon doesn’t only live on one island, it’s on Komodo Island, it’s on Rinca Island here. Padar Island is a conservation area. Komodo Island and Padar Island are conservation sites, while Rinca Island is for tourism purposes,” Jokowi said through the Presidential Secretariat’s YouTube channel, Thursday (21/7/2022).

            For information, the Komodo dragon is a unique animal that exists in Indonesia and is now threatened with extinction. According to archaeologists, Komodo dragons have existed since prehistoric times. It is estimated that about 30 million years ago. This estimate is getting stronger after the discovery of animal fossils with a skeletal structure that resembles the body of this giant lizard. Besides being referred to as a giant lizard, the Komodo dragon is also known as the largest ancient lizard. Komodo dragons can grow and have a length of up to 3 meters and a weight of up to 68 kg.

July, 21, 2022, detikTravel


July 22, 2022, detikTravel