Category: Uncategorized

Indonesia is increasingly serious about developing geothermal energy potential to support national energy independence. In the Indonesia-Japan energy forum in Bali, PLN Indonesia Power collaborated with a Japanese company, INPEX Geothermal, to accelerate the development of this underutilized green energy resource. The agreement is a real step by the government in achieving the energy transition target while reducing dependence on fossil fuels. This collaboration was marked by the signing of a memorandum of understanding between PLN Indonesia Power which was signed directly by the President Director of PLN Indonesia Power Edwin Nugraha Putra and the Director of INPEX Geothermal, Ltd Yasutoshi Seki.

Secretary General of the Ministry of Energy and Mineral Resources Dadan Kusdiana who opened IJEF 2024 and witnessed the signing of the memorandum of understanding between PLN Indonesia Power and INPEX Geothermal said that the New Prabowo-Gibran Government has launched eight main missions called “Asta Cita”, which is designed to achieve the vision of “Together Towards a Golden Indonesia 2045”. One of these missions is energy self-sufficiency.

“Strong bilateral cooperation between Indonesia and Japan in the energy and mineral sector offers a path to a sustainable and resilient energy future. In addition, Indonesia is also trying to achieve energy self-sufficiency by utilizing its abundant natural resources, we collaborate with technological expertise from Japan,” said Dadan in an official statement, Friday (6/12/2024).

Dadan continued, at several international events such as APEC and the G20 Summit, President Prabowo Subianto emphasized the importance of green energy independence, by replacing fossil fuels with renewable energy and the importance of cooperation in the energy transition. Indonesia’s green energy potential is also quite large, such as geothermal energy with a potential of 23 GW, this country has only utilized 11% of its capacity.

“Likewise, although the potential for solar energy exceeds 3,000 GW, its application is still a challenge. We also have hydropower potential, especially in Eastern Indonesia and very large bioenergy potential,” added Dadan.

Meanwhile, on the same occasion, the President Director of PLN Indonesia Power said that as a subholding generation company, PLN Indonesia Power has a major role in developing green energy to accelerate the energy transition and achieve the Net Zero Emission target by 2060. One of the breakthroughs made by the corporation is to collaborate with parties that have competence and experience such as INPEX Geothermal.

“INPEX Geothermal has quite a long experience in developing geothermal energy. With this collaboration, we can further improve our competence in developing geothermal energy,” said Edwin.

Indonesia’s efforts to reduce carbon emissions are also in line with the commitment of the Japanese Government. Deputy Commissioner for International Affairs of the Ministry of Economy, Trade and Industry (METI) Japan Masanori Tsuruda said that Prime Minister Shigeru Ishiba in October 2020 declared Japan’s Efforts to reduce greenhouse gas (GHG) emissions by 46 percent by 2030 and to zero by 2050.

“Japan will continue to strive hard in its challenge to meet the noble goal of reducing global emissions. To achieve the target of zero carbon emissions by 2050, Japan will accelerate the energy transition, reduce the use of fossil fuels and switch to new renewable energy. We will do this through various channels,” said Masanori.

December 6, 2024, detikFinance

(https://finance.detik.com/energi/d-7674582/ri-gandeng-perusahaan-jepang-genjot-potensi-energi-panas-bumi)

Indonesia and Canada have substantially completed the Comprehensive Economic Partnership Agreement (CEPA) trade agreement. This agreement is expected to increase bilateral trade between the two countries.

The signing of the declaration of completion of the CEPA negotiations between Indonesia and Canada was carried out by the Indonesian Minister of Trade (Mendag) Budi Santoso and the Canadian Minister of Export Promotion, International Trade, and Economic Development Mary Ng.

“Today marks two important events, namely the signing of a joint declaration on the completion of the Canada-Indonesia Comprehensive Partnership Agreement negotiations, and the start of Team Canada’s largest trade mission,” said Mary at a press conference in Senayan, Central Jakarta, Monday (2/12/2024).

“This important moment reflects the strong and broad relationship between Canada and Indonesia, which was strengthened by last month’s productive meeting between Prime Minister Justin Trudeau and President Prabowo Subianto. Their discussions highlighted shared priorities, particularly in addressing food and energy security, and encouraged collaboration that benefits both countries,” she said.

Mary then said that Canada is committed to providing technical assistance and capacity building to facilitate the implementation of CEPA in Indonesia.

“In this agreement there is a commitment of US$25 million over five years, and this really reflects our commitment and belief that your (Indonesia’s) success is our success,” he added.

Mary said that they were very pleased that the support and investment mechanism would be created to support the effective implementation of the special trade agreement in Indonesia.

“This support will really drive economic growth for all of our businesses of all sizes and really make trade work for everyone in our economy. So, we are very excited about that,” he added.

Indonesia itself is Canada’s 22nd largest trading partner worldwide and the third largest among Southeast Asian countries.

In 2023, two-way trade in goods between Canada and Indonesia was worth 5.1 billion Canadian dollars (IDR57.6 trillion), while Canadian exports of goods to Indonesia were worth 2.3 billion Canadian dollars (IDR25.9 trillion). This makes Indonesia Canada’s largest export market that year among ASEAN members.

December 2, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20241202151947-4-592731/indonesia-kanada-rampungkan-perjanjian-dagang-ica-cepa-apa-untungnya)

The Ministry of Industry is actively introducing the capabilities of the domestic industry at various international events. The goals include expanding market access, opening up opportunities for cooperation, and attracting investment. This effort, for example, is through facilitating six national wire and cable industries to participate in the 2024 Wire and Cable Show Vietnam exhibition in Hanoi, on November 20-22, 2024.

“This exhibition is an important event for Indonesia to promote the domestic wire and cable industry which already has a high Domestic Component Level (TKDN) so that it can open up opportunities for market access and involvement in the global supply chain,” said the Director of the Metal Industry, Directorate General of Metal, Machinery, Transportation Equipment and Electronics (ILMATE) of the Ministry of Industry, Rizky Aditya Wijaya in his official statement, written Wednesday (11/27/2024).

Based on records from the Indonesian Cable Manufacturers Association (Apkabel), the capabilities and capacity of the fiber optic cable industry in Indonesia are already qualified and have been able to produce all types of fiber optic cables from small to large sizes. Whether it is for indoor, air and ground use, or duct, as well as submarine cables.

Currently, the total production capacity of the fiber optic cable industry reaches 15 million ScKm (Kmfiber). All fiber optic cable processes including coloring, tubing, stranding, armoring, and sheathing or jacketing can be done 100 percent domestically. The Director of Metal Industry explained that the cable industry sector as one of the downstream products of copper is a sector that must continue to be developed to support copper downstreaming. This is in line with the Asta Cita of President Prabowo Subianto’s Government, one of the points of which is to continue downstreaming and industrialization to increase domestic added value.

The 2024 Vietnam Wire and Cable Show as one of the largest wire and cable industry exhibitions in Vietnam provides an exhibition space of almost 3,500 m2 and displays around 132 booths with 92 exhibitors. Wire and Cable Show Vietnam 2024 is a combination of industry business exhibition and forum, R&D, manufacturing design, application development, and global supply chain connectivity.

During the exhibition, Indonesian industries also obtained several potential buyers in Vietnam for several products, such as flame retardant cables, photovoltaic cables, and fiber optic cables. Indonesia’s participation in the Wire and Cable Show Vietnam 2024 is also expected to attract new consumers for domestic manufacturers, especially the cable industry, so as to expand market access and penetrate the global supply chain.

November 27, 2024, detikFinance(https://finance.detik.com/industri/d-7658574/eksis-di-vietnam-industri-kabel-ri-siap-tembus-pasar-global)

Consistent in developing the green energy business, PT Pertamina (Persero) is building cooperation with Airbus to explore opportunities for developing a sustainable aviation fuel (SAF) ecosystem in Indonesia. The cooperation between Pertamina and Airbus was marked by the signing of a Memorandum of Understanding (MoU) which was carried out at the Bali International Air Show 2024 on Wednesday (18/09) at Ngurah Rai International Airport, Bali. The signing was represented by Pertamina’s Director of Strategy, Portfolio and Business Development Salyadi Saputra and Airbus Asia Pacific President Anand Stanley.

This agreement is the foundation of Pertamina and Airbus’ collaboration to study various domestic raw materials to encourage the development of SAF in Indonesia. Both parties will map the raw materials available in the region and examine the logistics needs and opportunities for commercial development. The results of this study will support the development and production of domestic SAF in accordance with the requirements of ICAO-CORSIA and EU RED2.

Pertamina is committed to developing environmentally friendly energy to support the National Roadmap for SAF Development prepared by the Government of Indonesia. Pertamina and Airbus will contribute to the development of domestic capabilities and share knowledge in the field of SAF infrastructure and blending processes, handling SAF certification, and other technical matters at airports. Pertamina President Director Nicke Widyawati said that Pertamina plays an active role in building an environmentally friendly ecosystem. Through the development of green fuels, Pertamina is determined to carry out the mandate of Indonesia’s energy security and sovereignty.

“This collaboration is a strategic step in supporting Pertamina’s commitment to the sustainable energy transition and decarbonization of the aviation sector. The partnership with Airbus is expected to increase Pertamina’s ability to make breakthroughs in innovation and develop an ecosystem in the Sustainable Aviation Fuel (SAF) industry. Together with Airbus, we will focus on the development of SAF which is expected to support efforts to reduce carbon emissions,” said Nicke in an official statement, Wednesday, (18/9/2024).

Meanwhile, Airbus Chief Sustainability Officer, Julie Kitcher welcomed the collaboration with Pertamina and supported the potential for developing the domestic SAF industry in Indonesia.

“SAF is an essential step towards decarbonizing the aviation industry and Airbus is fully committed to increasing its development and adoption. Indonesia offers significant potential in terms of providing a source of CORSIA-approved SAF raw materials and we welcome Indonesia’s commitment to prioritizing SAF development,” Julie explained.

As is known, Indonesia is projected as one of the world’s highest growth markets in the aviation industry sector, with an estimated passenger traffic growth of around 7.4% per year. This figure is more than double the global average growth of 3.6%. In addition, Indonesia also offers the greatest potential as a source of raw materials for SAF, with promising potential sources such as used cooking oil, agricultural residues, and municipal waste. As a key driver in efforts towards decarbonizing the aviation industry, SAF enables carbon emission reductions of up to an average of 80% compared to fossil fuels, from production to end use.

Pertamina as a leading company in the energy transition sector, is committed to supporting the 2060 Net Zero Emission target by continuing to encourage programs that have a direct impact on achieving the Sustainable Development Goals (SDGs). All of these efforts are in line with the implementation of Environmental, Social & Governance (ESG) across all of Pertamina’s business lines and operations.

September 18, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20240918200823-4-572835/pertamina-airbus-jajaki-kerja-sama-pengembangan-saf-di-ri)

On February 14, 2023, Indonesia has just held General Elections, one of which is to elect the President and Vice President 2024-2029. Of all the existing survey institutions, the Prabowo-Gibran pair has a landslide advantage over the other two candidates, namely Anies Baswedan-Muhaimin Iskandar, and Ganjar-Mahfud.

Based on Kompas Research and Development data as of 07.54 PM, Wednesday (14/2/2024), 84.45% of the votes had been received. As a result, Prabowo-Gibran 58.81%, Anies Baswedan-Muhaimin Iskandar 25.12%, and Ganjar Pranowo-Mahfud16.07%. Data Indicator as of 07.55 PM, 89.30% of votes had been received. Prabowo-Gibran won 57.9%, Anies-Muhaimin 25.54%, and Ganjar-Mahfud 16.56%. Denny JA’s Lembaga Survey Indonesia (LSI) as of 07.57 PM, had 96% of the votes cast. The results showed Prabowo-Gibran 58.17%, Anies-Muhaimin 25.21%, and Ganjar-Mahfud 16.62%. Charta Politika has also received 62% of the incoming votes as of 07.58 PM, Prabowo-Gibran is again ahead with 57.63%, Anies-Muhaimin 25.9%, and Ganjar-Mahfud 16.45%. Poltracking with 88.9% of votes received as of 07.57 PM, the result was that Prabowo-Gibran also won 59.31%, Anies-Muhaimin 24.32%, and Ganjar-Mahfud 16.37%. Politika Research & Consulting (PRC) has also received 88.17% of the incoming votes as of 07.55 PM, Prabowo-Gibran won 59.28%, Anies-Muhaimin 24.22%, and Ganjar-Mahfud 16.51%.

Based on these interim results, what about the Indonesian economy?

Executive Director of the Segara Research Institute, Piter Abdullah, believes that investors have no problem with whoever is elected president. He said the most important thing is that the election process runs peacefully and does not trigger riots. Moreover, with the Presidential Election running in one round and the absence of demands from other parties, this provides more immediate certainty for investors. That way, investors can immediately take steps for new assignments and invest.

Meanwhile, Executive Director of the Center of Reform on Economics (CORE) Mohammad Faisal said that in election years many investors hold back and wait when deciding on investments. With elections running in one round, investors can decide their investment steps quickly.

“This means that business decisions, if one round is faster. Previously, many people had to wait and see, their decisions were delayed, delayed, now decisions are made quickly,” said Faisal.

With the interim results of this quick count, investors can also see the direction of government policy in the future. The temporary results for the Prabowo-Gibran pair are superior to those of other candidate pairs. That way, the couple will continue the policies of the Jokowi government era.

In terms of economic growth, Faisal assesses that it will experience a slowdown compared to 2023. He predicts that Indonesia’s economic growth will remain at 4.9-5%.

“Apart from one or two rounds, our economic growth will remain in 2024 like yesterday at 4.9-5%. So, this means there is a slight slowdown from 2023 which was 5.5% yesterday,” he explained.

The results of this quick count are not the official results of the 2024 Election. The official results of the 2024 Election will be known through the recapitulation carried out by the General Election Commission from 15 February to 20 March 2024.

February 14, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7193978/prabowo-gibran-unggul-quick-count-ini-prediksi-soal-dampak-ke-ekonomi)

State-Owned Enterprise Holding (Tourism and its Supporters), PT Aviasi Wisata Indonesia (Persero) or InJourney will again present the F1Powerboat international motorboat racing event on March 2-3, 2024,on Lake Toba. The hope is that F1Powerboat 2024 will have an even greater double impact considering that last year it had an economic impact of up to IDR 1.68 trillion. F1Powerboat 2024 on Lake Toba is planned to be held in Balige, Toba Regency, North Sumatra. A total of 18 international racers from around 10 countries will take part in F1Powerboat on Lake Toba. In order to enliven F1Powerboat, InJourney will present a side event that is no less lively. This time, InJourney will present the Solu Bolon competition between North Sumatra districts and also the First Aquabike Indonesian Championship Series competition which will be attended by approximately 30 Indonesian jetski athletes. Apart from that, the side event will also present a cultural and MSME festival from February 29 to March 3, 2024.

“We are collaborating with all parties to jointly encourage the potential of Lake Toba as one of the 5 Super Priority Tourism Destinations (SPTDs) which continues to be recognized on the international stage. One of the efforts to encourage the tourism sector in Lake Toba is to make it a water sport tourism, ” said the Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan in a statement to InJourney, Thursday (8/2/2024).

He added that holding international scale events is a motor and catalyst for the region in carrying out promotions so that in the end it will create an extraordinary multiplier effect for the economic growth of the surrounding community.

“We are grateful that by holding two international events on Lake Toba, namely the F1Powerboat and Aquabike Jetski World Championship, the name of Lake Toba has come back to life. The extraordinary exposure has made Lake Toba included in the New York Times list of must-visit destinations,” added Luhut.

Minister of Tourism and Creative Economy, Sandiaga Uno, said that the Government had made massive investments in 5 SPTDs, so sustainable events were needed to continue to increase tourist traffic.

“The presence of the F1Powerboat event has been proven to stimulate the community’s economy and has also become a forum for MSME players to develop their businesses to become bigger. We hope that this year’s F1Powerboat can have a bigger economic impact than last year,” said Sandiaga.

Sandiaga added that in 2023 the number of foreign tourist visits to Indonesia will increase to 11.7 million. This increase is also supported by interesting and high-quality events, one of which is F1Powerboat.

The Minister of Youth and Sports, Dito Ariotedjo, expressed his pride in the enthusiasm of residents around Lake Toba at previous international events, especially the 2023 Aquabike Jetski World Championship which was able to attract up to 200,000 visitors. This shows the potential for water sports tourism in Indonesia to become a special attraction for the community.

Last year, through the Aquabike Jetski World Championship 2023, Indonesia successfully hosted the international jetski championship. This success was recognized by the Founder of H2O Racing Management, Nicolo Di San Germano, who said that Lake Toba is the best venue in the world as a jetski racing location because of the beauty, splendor and charm of Lake Toba. This year’s F1Powerboat event will also be enlivened by the first Aquabike Indonesian Championship series. In this event, 2 categories will be held, namely endurance and parallel slalom. Around 20 national racers will take part in this event. This opportunity will open up opportunities for athletes to improve their best performance in the next Aquabike World Championship on Lake Toba.

February 8, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7183147/f1powerboat-digelar-2-3-maret-2024-di-danau-toba-ini-dampaknya-ke-ekonomi)

The Minister of Agriculture of the Republic of Indonesia, Andi Amran Sulaiman held a bilateral meeting with the Ambassador of Thailand Papan Disatate. This meeting aims to invite the Thai government together to strengthen food security in the ASEAN regional region. According to him, Thailand and Indonesia both have a lot of experience in making swamps into productive land.
“Thailand turns out to have experience in managing dry and wet land (Swampland and Whiteland). Now we will try collaborating with them because we have managed 400 thousand hectares,” Amran said, in a written statement, Tuesday (11/28/2023).
“We are collaborating. Who knows there is technology that we can use, and our technology can be used as well. We are intended for optimization of swamp land whose potential for the agricultural sector has 10 million hectares,” he continued.
It is known, Indonesia is currently focusing on increasing the production of strategic commodities to reduce import policies that have reached 3.5 million tons. One of them is by optimizing 10 million hectares of swamp land spread throughout Indonesia, between in South Sumatra, South Kalimantan, West Kalimantan, Central Kalimantan, Riau, Bengkulu, South Sulawesi and other regions.
“God willing, hopefully in the near future we will optimize all of this because the problem of rice is a global problem is no longer a national problem. We start this December 2023. Now we must collaborate between countries,” Amran said.
Minister of Agriculture added that an increase in production must be done considering that currently the Central Asian region is facing the same crisis threat, the food crisis. In addition, Indonesia is also faced with import policies that must be suppressed through self-sufficiency achievements.
“We do have to suppress imports by increasing production. Therefore, we use water management technology with good water circulation so that rice grows well. I ask for December to meet, we must move quickly because this is a world problem not only Indonesia’s problem,” said Amran.
Amran added that cooperation with swamp land optimization was not only with Thailand, but also several other countries. Meetings with other countries will be scheduled in the near future.
“Our hope is not only an increase in rice production to press imports but also we target rice exports to Thailand. We can prove the export. We must be successful in rice. This can definitely be,” Amran pleaded.
Thailand’s ambassador to the Papan Disjected Indonesia said that collaboration and food cooperation with Indonesia had been carried out for a long time, especially in strengthening food security in the ASEAN region.
As is known, Indonesia and Thailand have an agricultural MoU that includes market and investment access. The MoU according to Papan provides a strong foundation for Thailand to collaborate in various aspects to encourage sustainable agricultural development. Papan added that this meeting also strengthened the commitment between Indonesia and Thailand to have the same attention to the importance of rice as the staple food of the community.

November 28, 2023, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-7060992/ri-thailand-siap-perkuat-ketahanan-pangan-di-kawasan-asean)

President Joko Widodo (Jokowi) Mega Project (Migas) Tangguh Train 3 in Bintuni Bay, West Papua, Friday (11/24/2023). This is the largest gas producing field in Indonesia.
“Thank God, today we will inaugurate the Tangguh Train 3 project, the largest natural gas producer in Indonesia. And also, we will be a groundbreaking project (field development), Carbon Capture, Utilization and Storage (CCUS) and Blue Ammonia projects, and the oil and gas field project Red Kido smoke, “Jokowi said during the inauguration.
Tangguh Train 3 is a national strategic project that consumes an investment of US $ 4.83 billion or IDR 72.45 trillion. It is hoped that this project can increase significant natural gas liquid natural gas (LNG) production.
“This project will increase the annual production capacity of LNG to 11.4 million tons per year and contribute significantly to support the gas production target of 12 cubic feet per day by 2030,” Jokowi said.
As for this investment, Jokowi hopes that the absorption of labor from the surrounding area is large, where currently 70% are workers from the provinces of West Papua and Papua.
“And I hear that there is a new target in 2029 reaching 85 percent (labor) is very good and 105 LNG refinery and maintenance technicians are the sons and daughters of West Papua and Indonesia who have been recruited since high schools undergoing an educational program from BP Berau Ltd,” he said.

November 24, 2023, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20231124083047-4-491643/top-jokowi-resmikan-proyek-penghasil-gas-terbesar-di-ri)