Month: October 2024

PT Gaya Makmur Tractors (GM Tractors) inaugurated its new office building in Kendari City. GMTractors also launched the environmentally friendly and energy-efficient XCMG EV (electric vehicle) product with the 5-ton class 968 Wheel Loader Model with a 3 cubic bucket capacity. GM Tractors President Director Rachmansyah admitted that he was very enthusiastic because GM Tractors had inaugurated its new office building in Kendari City which had existed since 2013.

“With the inauguration of the new GM Tractors building, it is hoped that the team’s performance will be improved to be more enthusiastic and professional and can meet the needs of customers in the Sulawesi region, especially Kendari City,” said Rachmansyah in a written statement, Thursday (12/9/2024).

The Kendari Branch Office is equipped with parts and service facilities. GM Tractors also sells heavy equipment with after-sales service in one unit. On that occasion, continued Rachmansyah, his party also presented the XCMG EV product as an environmentally friendly and energy-efficient electric heavy equipment vehicle. GM Tractors sees Kendari as the largest nickel mining contributor in Indonesia whose growth is increasing rapidly.

“We see that the high demand for nickel supply requires fast, effective and efficient mining activities in its operations, this can certainly be implemented with the support of strong and skilled human resources in the mining sector and also the support of reliable and quality heavy equipment. GM Tractor, which has the motto Serve With Heart, is always committed to providing maximum heavy equipment in several sectors. GM Tractors is optimistic that the market potential for this EV product will be increasingly needed in the future,” he added.

In the Indonesian market, XCMG mining equipment has been gradually shipped to mining projects in Sumatra and West Kalimantan Island, South Kalimantan, East Kalimantan and other mining areas.

At the same time, XCMG has also launched electric mining equipment, electric mining vehicles and electric loaders have been shipped for use in low-carbon nickel mining projects in Sulawesi, Indonesia. XCMG has also launched electric-based products in stages, for example, electric-based mining trucks and wheel loaders that have been used in the Low Carbon Nickel Mining Project in Sulawesi, Indonesia.

For information, GM Tractors is the only distributor of Chinese heavy equipment products in Indonesia, namely XCMG with various types of products, including; Excavator, Wheel loader, Motor grader, Mobile Crane, Crawler Crane, Mounted Crane, and so on. Until 2024, GM Tractors branch offices and representatives have been spread across 20 cities in Indonesia, from the islands of Sumatra, Java, Bali, NTT, Kalimantan and Sulawesi.

September 12, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7537564/gm-tractors-resmikan-gedung-kantor-baru-di-kendari-luncurkan-produk-ev)

PT Bank Negara Indonesia (Persero) Tbk or BNI is committed to expanding its banking service reach globally. With a focus on markets that have close ties with Indonesia and significant growth potential, the company inaugurated the BNI Representative Office in Sydney, Australia, and is also the first bank representative from Indonesia to open an office in Australia. Deputy Minister of Foreign Affairs of the Republic of Indonesia, Pahala Mansury stated that the presence of the BNI representative office in Sydney will facilitate increased trade between Indonesia and Australia.

“Moreover, currently Indonesia and Australia are comprehensive strategic partners, both in trade and investment, especially in strategic sectors,” said Pahala, in a written statement, Thursday (5/9/2024).

Meanwhile, BNI President Director, Royke Tumilaar said that BNI does have an internationalization plan that aims to expand the reach of banking services and strengthen its global presence. In order to achieve this goal, BNI has established several overseas offices in various strategic countries and will continue to expand to potential countries that are Indonesia’s trading partners.

“Today is a historic moment for us, Bank Negara Indonesia, because with the inauguration of the Representative Office in Sydney, BNI is further strengthening its presence in the international arena,” said Royke.

There are several strategic reasons why BNI chose Sydney as the location for its new office for operations. First, Sydney is one of the main financial centers in the Asia-Pacific region, so by operating in Sydney, BNI can strengthen its presence in the international financial market and more easily access various global finances.

Second, Sydney is the business and economic center in Australia which offers many opportunities for business collaboration and investment. In addition, there are many potential business transactions carried out by Indonesian companies expanding their businesses in Australia and vice versa.

Third, the Indonesian diaspora community in Sydney is quite strong, around 42% of the Indonesian diaspora live in Sydney. Thus, BNI’s presence allows the company to better serve the banking needs of this community and strengthen relations with the Indonesian community in Australia.

The fourth reason, Australia offers access to new and different markets from those previously worked on by BNI, allowing BNI to more effectively map and explore in the region.

Royke believes that with the inauguration of this representative office, BNI will be increasingly able to provide the best service and strengthen bilateral relations between Indonesia and Australia. BNI Sydney can help facilitate or provide advisory related to investment between the two countries by providing market information, introducing potential investors, and offering banking solutions that support direct investment in strategic sectors.

BNI Sydney can also function as an information center for Indonesian and Australian entrepreneurs who want to explore new business opportunities. By holding seminars, workshops, and networking sessions, BNI can bring together business actors from both countries to establish mutually beneficial cooperation.

September 5, 2024, detikFinance

(https://finance.detik.com/moneter/d-7526153/bni-resmikan-kantor-perwakilan-sydney-jadi-bank-ri-pertama-di-australia)

Indonesia is currently still pushing various policies to make the vision of “Golden Indonesia 2045” a success. The idea, discourse, and concept of the Golden Generation 2045 emerged considering that in 2045 Indonesia will be exactly 100 years old, aka one century of Indonesia. Overall, the Vision of Indonesia 2045 is to realize a better and more equitable level of public welfare with higher human quality, as well as an economy that has increased to become a developed country and part of the 5 largest economic powers in the world. This vision also includes equitable distribution in all areas of development, within the framework of the Unitary State of the Republic of Indonesia which is sovereign and democratic, Indonesia’s investment climate is improved to become one of the best in the Asian region and the world. In achieving these ideals, Indonesia is equipped with various strengths that must be considered.

First, the population with the 4th largest workforce in the world, at 146.6 million. Second, optimizing demographic bonus opportunities. Currently, Indonesia is in the period of the lowest Population Dependency Ratio (Demographic Bonus Peak), which occurs only once in the history of a country’s civilization, so it must be optimized.

UOB Senior Economist Enrico Tanuwidjaja said that Indonesia is the country with the largest economy in Southeast Asia that has the most promising demographic bonus. Indonesia is also a strategic gateway to unlock the region’s economic potential.

“This is due to the advantages of the investment climate in the country. Indonesia is a competitive alternative manufacturing base and at the same time has strong domestic consumption, infrastructure optimization, technology utilization, and the development of a new capital city,” said Enrico.

Third, Indonesia’s strategic location in international trade. In addition, the influence of the season makes Indonesia an agricultural country. Fourth, the abundance of natural resources with large mineral reserves. Where Indonesia is ranked first in Nickel reserves (21 million MT), Bauxite ranked 6th (1 billion MT), Copper ranked 7th (24 million MT), Tin ranked 1st (0.8 million MT).

In terms of economic growth, Indonesia has been able to grow an average of 5.7% per year since 2016 by continuing to carry out structural reforms, utilizing the demographic bonus and technological advances, and increasing economic competitiveness.

Enrico also projected that the Indonesian economy would remain stable until the end of 2024. Bank Indonesia (BI) even projected that the Indonesian economy could grow positively this year in the range of 4.7% to 5.5% amid global uncertainty. The positive growth of the national economy is partly driven by high domestic consumption, especially in seasonal periods such as Ramadan and Eid al-Fitr 2024.

“We remain optimistic that Indonesia will be able to grow slightly from 2023. Our assumption remains the same, at 5.2%, supported by government consumption, higher government spending, and net exports that are still positive, and hopefully this will provide positive returns from household consumption,” he said.

In 2036, Indonesia is estimated to become a high-income country and the 5th largest gross domestic product in 2045. High and inclusive economic growth will increase the number of middle-income class to around 70% of Indonesia’s population in 2045.

Another strength that Indonesia has is driven by investment and trade. In 2045, the ratio of Foreign Direct Investment (FDI) Inflows to GDP is estimated to increase to 4.5% with an average investment growth estimated at 6.4% per year and the role of investment in GDP increasing to 38.1%.

September 4, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20240903083718-4-568619/pesawat-made-in-indonesia-n-219-diborong-kongo)

Congo made an agreement to purchase 5 N-219 aircraft at the 2nd Indonesia-Africa Forum (IAF) and the High-Level Forum on Multi-Stakeholder Partnerships (HLF-MSP) 2024 in Bali. The purchase value of the 5 aircraft made by PT Dirgantara Indonesia reached US$ 66.2 million or equivalent to IDR1.029 trillion (IDR15,556/US$).

“This is one form of how Indonesia is committed to developing the aerospace industry,” said Deputy for Economic Affairs of the National Development Planning Agency (Bappenas)/Ministry of PPN Amalia Adininggar Widyasanti, in Nusa Dua, Bali, quoted on Wednesday, (4/9/2024).

Amalia said the purchase of this aircraft is also one of the significances of the implementation of the IAF and HLF-MSP. According to her, the forum is able to strengthen economic cooperation between developing countries.

“In the HLF-MSP forum, Indonesia has the opportunity to sell products made by the nation’s children,” he said.

Amalia said that efforts to commercialize ‘made in Indonesia’ products would certainly not stop at selling the aircraft. She said that Indonesia would continue to promote domestic products to be able to compete in the international arena.

“The aircraft is made in Indonesia, more than 40% of the components of the N-219 aircraft are domestic,” she said.

On the same occasion, Suharso added that the Congolese government also wanted to learn from Indonesia in preparing plans. The government certainly opens up space to share knowledge for future development.

“They want to learn how to prepare plans. How Indonesia got to where it is today and they are amazed,” said Suharso. Indonesia itself will also learn from Congo about managing Natural Resources.

September 4, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20240903083718-4-568619/pesawat-made-in-indonesia-n-219-diborong-kongo)

(https://www.cnbcindonesia.com/news/20240904081414-4-568926/kongo-borong-pesawat-n-219-buatan-ri-nilainya-rp-102-triliun)

Minister of Transportation Budi Karya Sumadi together with CEO of PT KAI (Persero) and Acting Governor of West Java Bey Triadi Machmudin opened the 44th ASEAN Railway CEO Conference in Bandung, Wednesday, Tuesday (3/9) which marked the start of the four-day activity (2-5 September 2024). The 8 CEOs came from Keretaapi Tanah Melayu Berhad (Malaysia), Vietnam Railways (Vietnam), Ministry of Public Works and Transport (Cambodia), Lao National Railways (Laos), Philippine National Railways (Philippines), Myanmar Railways (Myanmar), State Railway of Thailand (Thailand), and PT Kereta Api Indonesia (Persero) (Indonesia).

Budi appreciated PT KAI and all partners and stakeholders in ARCEO’s Conference 2024. He hopes that all participants who attend can provide very valuable input for the development of the ASEAN transportation sector, especially railways.

“It is an honor for me to join other distinguished speakers to share my views on this very timely and relevant topic for our beloved railway sector. We all hope to gain valuable input and hopefully we can share insights with each other today,” said Minister Budi at the Pullman Hotel, Bandung, as stated in a written statement, Tuesday (3/9/2024).

On that occasion, Budi said that currently Indonesia is experiencing very significant development in the railway sector with the operation of the Jakarta-Bandung Whoosh High-Speed ​​Train. Then in terms of urban railways, Indonesia is trying to expand our MRT network with ongoing construction plus the Jabodebek LRT, and the latest is the Autonomous Rail Transit in the Archipelago as the next National Capital. These lines, he said, will complement the existing urban railway network in Jakarta and are expected to be a very good solution for public mobility.

At the same location, CEO of PT KAI (Persero) Didiek Hartantyo revealed that the output of the 44th ARCEOs’ Conference was to strengthen relations and cooperation between railway operators and industry players in ASEAN. Didiek emphasized that together they can achieve something more and truly embody the spirit of ASEAN, namely mutual benefit, shared success, and shared resilience to various challenges that arise.

“This year, our theme is ‘Driving Sustainability with Digital Innovation’. We believe this theme stems from the global challenges we face, including the urgent need to address climate change, improve operational efficiency, and meet the increasing demand for more sustainable transportation options. Moreover, technological developments and changes in customer demand play an important role in shaping our focus,” said Didiek.

Southeast, with almost all ASEAN countries committed to net zero emissions covering 91% of carbon output in the region, which for railways, this translates into an urgency to align operations with these goals. During the four days of the 44th ARCEOs Conference, Didiek said they will engage in discussions on important topics, exchange ideas, and refine strategies for a sustainable future for the railway industry, with a special focus on ASEAN.

“We are also excited to offer attendees a cultural experience that showcases the beauty and traditions of Indonesia. Such as cultural performances and traditional dances with authentic Javanese cuisine. A tour of Mount Tangkuban Perahu, trying Whoosh which offers stunning views.

September 3, 2024, detikFinance

(https://news.detik.com/berita/d-7522466/menhub-buka-asean-railway-ceo-conference-ke-44-di-bandung)

(https://finance.detik.com/infrastruktur/d-7523818/8-ceo-operator-kereta-se-asean-jajal-kereta-cepat-whoosh)

The government is determined to realize the vision of Indonesia Gold 2045. One form of this vision is that Indonesia aspires to become a big player in global trade and investment. Indonesia also wants to increase its diplomatic leadership in regional and global. Therefore, collaboration between southern countries must be strengthened through a series of intensive, open, and equal dialogue and communication with all interested stakeholders and development actors. For this interest, Indonesia took the initiative to hold a high-level forum for a multi-level forum on multi-stakeholder partnership (HLF MSP) 2024 in Bali, starting tomorrow, Sunday 1 September to Tuesday, September 3, 2024.

HLF MSP will open up opportunities for Indonesia to strengthen its position as a bridge for developing countries in sharing knowledge, the best practice in overcoming development problems and revitalizing South-South and Triangular Cooperation (SSTC) cooperation.

Deputy for Politics, Law, Defense and Security of the Ministry of National Development Planning (PPN)/National Development Planning Agency (Bappenas), Bogat Widyatmoko said, this event was a tangible manifestation of Indonesia’s commitment in resolving global problems that were multidimensional.

“High-level forum on multi-stakeholder partnerships is essentially a discussion forum, sharing practical experiences both to find innovative solutions and concrete actions in resolving problems that hope is that we can use the catalyst to achieve sustainable goals that are currently somewhat hampered,” Bogat said in a special interview with CNBC Indonesia at the Bali International Convention Center (BICC), Nusa Dua, Saturday (8/31/2024).

HLF MSP is also an effort to strengthen the toughness of diplomacy as a prerequisite in order to respond to various challenges while making it an opportunity to strengthen Indonesia’s influence in the international social scene. Through HLF MSP, Indonesia has the opportunity to offer technical support and exchange of knowledge in concrete projects involving southern and northern countries to build evidence-based trust.

In addition, Indonesia can help build a global network that involves various stakeholders from southern and northern countries. The aim is to strengthen relationships and cooperation and initiate strategic partnerships in various fields, such as the environment, technology, and economic development.

Furthermore, HLF MSP 2024 is expected to strengthen the economic growth of Bali, especially those related to the accommodation, food and beverage sectors. Because the arrival of a number of delegates and non-delegations from various countries can increase demand for the availability of accommodation and drinking-drinking facilities, transportation, and tourist and trade destinations.

August 31, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20240831141757-4-568012/demi-jadi-pemimpin-global-menuju-2045-indonesia-gelar-hlf-msp-2024)

President Joko Widodo (Jokowi) today officially received the Agricola Medal award from the Food and Agriculture Organization (FAO). The award was given directly by the Director General of Fao Qu Dongyu. The award was received by Jokowi at the State Palace, Central Jakarta. According to him, this award is an honor for him. According to him, Indonesia realizes that food sovereignty and independence is a basic need that cannot be postponed.

“This is an honor for me. Indonesia is aware of food sovereignty and independence, because this is a basic human need that cannot be postponed,” Jokowi said in his remarks, Friday (8/30/2024).

Jokowi also presented this award to farmers and the people who had strengthened the agricultural sector and food security efforts in Indonesia.

“We offer this to farmers and people who strengthen the agricultural sector. Hopefully this will generate Indonesia’s collective energy to strengthen world food security,” Jokowi said.

In the statement of the National Food Agency (Bapanas), Agricola Medal was explained as a recognition of FAO of the contribution and commitment to figures or heads of state who were considered to have a great effort to improve the welfare of the community and extraordinary support for the fundamental objectives of the FAO in achieving universal food security.

Qu Dongyu said that under the leadership of President Jokowi, Indonesia showed a rapid development in the transformation of the agricultural system by implementing the principles of sustainable agricultural development, even when the world was facing various global challenges, such as Pandemi Covid-19. Furthermore, Qu Dongyu said the Agricola Medal award was proof of Indonesia’s efforts in realizing food security and better people’s lives, without any citizens who were ignored.

The last FAO award was given to Indonesia about 39 years ago. Agricola Medal at that time was received by President Soeharto. Bapanas said that Agricola Medal was given because Jokowi and his entire staff consistently fight hunger and poverty as well as strengthening food security and community nutrition.

For information, besides President Jokowi, FAO this year gave the Agricola Medal award for two other country leaders, namely Irish President Micheal D Higginis and Ethiopian Prime Minister Abiy Ahmed Ali.

August 30, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7516446/jokowi-raih-agricola-medal-fao-transformasi-pertanian-ri-berkembang-pesat)

(https://finance.detik.com/berita-ekonomi-bisnis/d-7516183/jokowi-terima-agricola-medal-penghargaan-tertinggi-dari-fao)

PT Kereta Api Indonesia (Persero), PT Industri Kereta Api (Persero) and CRRC Qingdao Sifang agreed to work together in order to develop railroad facilities in Indonesia. This was marked by the signing of the Memorandum of Understanding or Memorandum of Understanding (MoU) by the Director of Strategic Planning and Management of KAI Facility John Robertho, Director of Development of PT INKA (Persero) Roppiq Lutzfi Azhar and President CRRC Qingdao Sifang MA Lijun in Qingdao, China. This agenda was also witnessed by Deputy Minister of BUMN RI Kartika Wirjoatmodjo, President Director of KAI Didiek Hartantyo and CRRC chairman Qingdao Sifang Tian Xuehua.

“We express our deepest appreciation to the parties from China, especially CRRC Qingdao Sifang, for excellent support and cooperation in supporting the development of the railroad industry in Indonesia,” Kartika Wiroatmodjo said in a written statement, Thursday (29/8/ 2024).

He said the collaboration that had been established with CRRC Qingdao Sifang included various aspects, ranging from procurement for KAI in the form of KRL and KCIC and fast trains to maintenance and maintenance of trains. Not only that, CRRC Qingdao Sifang is also known to play a role in supporting transportation in the Capital City area (IKN) through the procurement of Autonomous Rail Transit (ART).

“This is a clear proof of a strong synergy between the railroad industry in Indonesia and CRRC Qingdao Sifang which is a global -scale company in meeting the increasing transportation needs in Indonesia,” Kartika added.

Meanwhile, Vice President of Public Relations KAI Anne Purba projects the procurement of railroad facilities will increase. This is in line with the increasing number of train customers in RI.

“The volume of train passengers in the first quarter of 2024 is 11,379,196 passengers, consisting of 9,778,231 long -distance train passengers and 1,600,965 local train passengers. This figure increased 11% compared to the first quarter of 2023 as many as 10,252,247 passengers,” said Anne.

He said he would continue to try to encourage the quality of services, safety and comfort of travel through various innovations consistently. But to accelerate it, he said, it needs global support.

According to Anne, the MoU between CRRC Qingdao Sifang and KAI is a good first step in creating new opportunities that will provide great benefits for various parties.

“This cooperation is not only aimed at creating reliable mass transportation but also to increase public accessibility, save energy, reduce emissions, provide extensive benefits for the community, and in the long run can develop the Indonesian railroad ecosystem,” concluded Anne.

August 29, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7515134/kai-inka-crrc-qingdao-sifang-teken-mou-perkuat-sarana-perkeretaapian-ri)