Category: Goverment

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Indonesia Unicorn, Tokopedia Named the Best Workplace in Asia-Pacific

Tokopedia won the annual Best Places to Work Asia-Pacific 2022 award from PRWeek Asia and Campaign Asia-Pacific in the ‘Best Employee Support’ category. This category is given to organizations or companies that have offered support to employees during the global health crisis. This award is held to assist companies in developing the best work environment for their employees and as an inspiration to show a good workplace and initiative.

“Tokopedia has a goal to become ‘the most admired technology company’ for workers and prospective workers in Indonesia. Through this award, Tokopedia is closer to fulfilling this mission,” said VP of People and Culture Tokopedia Nanang Chalid in a written statement, Thursday (15/9/2022).

Tokopedia is the only company in Indonesia to win this award. Has 6 health pillars; Mental Wellness, Physical Wellness, Emotional Wellness, Social Wellness, Purpose Wellness, and Financial Wellness. Employees can consult a psychologist to help increase motivation, while maintaining health – both physically and mentally – in the midst of a pandemic.

Tokopedia also created the Work Fun Home program, which is a program that encourages employees to have a more enjoyable and productive work experience from home through a series of virtual activities. In addition, Tokopedia has also provided video call facilities with company doctors.

September 15, 2022, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-6292561/tokopedia-dinobatkan-jadi-tempat-kerja-terbaik-di-asia-pasifik)

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There Will be a Bridge Connecting Indonesia-Malaysia via Sumatra

Indonesia will be directly connected to Malaysia via Sumatra. This is because a line will be built connecting Telok Gong at the Tanah Mosque, Malaysia with Dumai, Sumatra in Indonesia along a length of 120 km. The construction is in collaboration with the private sector.

Quoted from Bernama, Friday (9/9/2022), the Chairman of the Melaka Investment, Industry, Entrepreneur Development and Cooperatives Committee, Datuk Seri Ab Rauf Yusoh said, the proposed construction involves the construction of a tunnel or bridge. The construction will take 20 years and when completed will have a major impact on the economic development of both countries.

“The project proposal has been submitted by the private sector and the two countries have agreed in principle a detailed study of the matter. From the state government side, we have brought all government agencies to visit the area where the proposed new route will be built yesterday,” Bernama said.

Ab Rauf said the project to be built uses the ‘One Belt One Road’ concept. This project will become a new icon for Malaysia and Indonesia. The project will also involve the construction of various infrastructures, including traffic deployment areas and the Immigration, Custom, Quarantine and Security (ICQS) Complex.

Ab Rauf added. the new industrial area which will accommodate various industrial activities will be developed in stages in the Tanah Mosque covering an area of about 2,023 hectares. The development of the area will be carried out by the Melaka Corporation and is expected to also contribute to the opening of a new city at the Tanah Mosque.

September 9, 2022, detikFinance

(https://finance.detik.com/infrastruktur/d-6281142/gokil-bakal-ada-jembatan-sambungkan-ri-malaysia-lewat-sumatera)

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AWS to Invest $5b in Indonesia’s Digital Transformation

Amazon Web Services (AWS), one of the biggest global players in internet technology, says it is ready to help Indonesia embrace the digital transformation. The US-based company set up its Jakarta infrastructure “region” in December 2021 and has committed to investing US$5 billion in the country over a period of 15 years. AWS ASEAN managing director Conor McNamara spoke to The Jakarta Post’s Deni Ghifari about the company’s philosophy, its views on Indonesia and the digital transformation.

AWS has plans in Indonesia, AWS is easily a billion-dollar run rate business globally and growing at 33 percent year-on-year. In Indonesia, the region announcement was a really big statement for us. We made a commitment to invest $5 billion in the country over the next 15 years. So that’s a forward-looking commitment to the country, and that investment will be broken into multiple different categories.

The first one, obviously, is the infrastructure. We have a three-availability-zone region. An availability zone is one or more data centers, separate power grids, separate floodplains, physically separated. It gives customers a level of resiliency and redundancy for how they run their workloads. And how we operate and run that infrastructure also requires big investment.

The second one is our extended team. We will also allocate a sum of that investment to all of our team in Indonesia over that 15-year period in terms of our support organization, official services organization, our public policy, and legal and marketing departments, etc.

The third pillar is our partners. We really think about our partners as an extension of our own team. We’re focused on building local partners in Indonesia who can help our customers leverage the cloud. We make a lot of investments, upskilling those partners, giving them credits and incentive programs to drive workload adoption. In addition, we also look to get partners who have international businesses to invest in the nation, like GSI, Accenture, Deloitte or TCS and so on, to further invest in building practices with us here.

Then, the fourth big pillar is skills. We’ve already trained 300,000 Indonesians on the AWS cloud, and we plan to train hundreds of thousands more over the years. We look at that through various vectors; we look at how we’re training customers who are currently using us. And then we also look at how we’re training the next generation of builders.

In terms of second-level education, third-level education, we have Laptops for Builders, where we provide laptops for students across Indonesia, because we believe that’s kind of the barrier for them to access cloud technologies. That’s a big area of focus for us as well.

September 9, 2022, The Jakarta Post

(https://www.thejakartapost.com/business/2022/09/09/executive-column-aws-to-invest-5b-in-indonesias-digital-transformation.html?)

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Indonesia’s Manufacturing PMI Rises to 51.7 in August 2022

Indonesia’s manufacturing industry has improved at the fastest pace in four months on the back of rising demand. The latest report by IHS Markit, now part of S&P Global, shows that Indonesia’s manufacturing purchasing manager’s index (PMI) reached 51.7 in August, a slight increase from 51.3 in July.

PMI readings above 50 indicate overall expansion in the manufacturing sector, while figures below that threshold denote contraction. The PMI has been in expansionary territory for each of the past twelve months. S&P Global Market Intelligence economist Laura Denman explained that more pronounced growth in both output and total new orders was an “encouraging sign for the future health of the Indonesian economy”, with firms frequently mentioning firmer underlying demand.

“The continued easing of inflationary pressure was another positive aspect of August’s survey, which saw both input and output cost inflation moderate to a 14-month low. We can hope to see a sustained easing of price pressures as the impacts of COVID-19 continue to recede,” she said in the report released on Thursday.

Furthermore, the report highlighted that manufacturing production in the country surged for a third consecutive month in August and at the quickest rate in seven months, reflecting a steady post-pandemic economic recovery. In line with that, the new orders subindex also rose at the fastest pace in six months in August on the back of firmer domestic demand, while new export orders contracted for the third month in a row.

Indonesian Chamber of Commerce and Industry (Kadin) deputy chairman Bobby Gafur Umar admitted that industrialists were still experiencing challenges in expanding their businesses due to logistical problems and global production chain disruption, as a residual result of the massive efficiency measures carried out by many manufacturers throughout the pandemic in the past two years.

He added that Indonesia’s manufacturing expansion had also been boosted by the government’s efforts to push the domestic content obligation (TKDN) above 45 percent, which encouraged local manufacturers to rely on domestic demand.

September1, 2022, The Jakarta Post

(https://www.thejakartapost.com/business/2022/09/01/indonesias-manufacturing-pmi-rises-to-51-7-in-august.html?)

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Jokowi : Indonesia Must Boost Downstream Investment, Take Over Global Green Market

Indonesia will pursue greater production in downstream industries and take over the world market in green products, President Joko Widodo said on Tuesday. Jokowi noted that Indonesia’s commitment to strengthening its downstream industry had proved to be fruitful, as it allowed the country to gradually shift from selling raw materials to value-added goods.

In the case of nickel, for instance, Jokowi said the downstream project had increased Indonesia’s steel export value by 18 times compared with the last seven years, to Rp306 trillion (US$20.7 billion) last year.  This year, Jokowi expects the value to rise to Rp440 trillion, a more than 43 percent year-on-year (YoY) increase. The downstream sector has provided an opportunity for the country to become a part of the global supply chain in the electric vehicle (EV) industry, with EV-producer countries from Asia, Europe, and the US showing their interest in taking part in the development.

“The government will push for downstream [production] in bauxite, copper, and tin. We must keep on pushing downstream on our natural resources,” Jokowi said during his State of the Nation speech for the 77th anniversary of the country’s independence.

Downstream projects in Indonesia have been Jokowi’s solution to the country’s sluggish manufacturing contribution to the economy and to reducing its reliance on extractive industries. Jokowi went on to say that the country would not stop pursuing downstream projects, but would also ensure they would be “green” as well, hoping they would be more competitive in the global markets. Jokowi said the government would integrate the downstream projects with renewable energy-based power plants that would utilize solar, wind, geothermal, wave, and bioenergy sources.

“We need to build an integrated ecosystem for the industry in our country that will support the development of a global green economy ecosystem. I believe that we will become a competitive green product manufacturer in international trade,” Jokowi said.

August 16, 2022, The Jakarta Post

(https://www.thejakartapost.com/business/2022/08/16/jokowi-ri-must-boost-downstream-investment-take-over-global-green-market.html?)

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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 www.tradexpoindonesia.com.

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

(https://finance.detik.com/berita-ekonomi-bisnis/d-6233255/top-produk-desa-ini-diekspor-ke-china-hingga-as-rp-65-m)

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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

(https://finance.detik.com/industri/d-6223949/tesla-beli-nikel-dari-morowali-rp-74-t-kapan-bangun-pabrik-di-ri)

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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

(https://finance.detik.com/energi/d-6224398/pertamina-masuk-daftar-fortune-global-500-lagi-naik-64-peringkat)

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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

(https://www.cnbcindonesia.com/news/20220805190813-16-361543/jauh-dari-resesi-ekonomi-indonesia-tumbuh-544)

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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

(https://www.cnbcindonesia.com/tech/20220802163447-37-360541/ternyata-ini-alasan-labuan-bajo-jadi-tuan-rumah-dewg-meeting)