Tag: invest in Indonesia

Indonesia exports agricultural commodities to 176 countries with a transaction value of IDR 12.45 trillion. The export was carried out in the Merdeka Export Program in the Ministry of Agriculture, with released commodities, durian, ginger, animal feed, and bone meal. The last stage at the peak of the export program, Vice President Maruf Amin released exports of agricultural commodities to 37 countries with a total value of IDR 2.294 trillion. The release of exports was held in the Petikemas Terminal area, Koja, Tanjung Priuk Harbor, North Jakarta.
Ma’aruf Amin said that this export activity was expected to increase downstream efforts in agriculture. Besides being able to increase agricultural exports as a whole, downstreaming also helped encourage government efforts in developing business and increasing the income of small communities.
“Today we do the umpteenth time export, not the first time, and our exports this year said the Minister of Agriculture will be able to reach IDR 900 trillion. We also hope that what we export is not only raw but also has been downstreaming,” Ma ‘Aruf Amin in his statement, Tuesday (8/15/2023).
Ma’ruf said he was grateful because so far, the agricultural sector was able to prove itself as a support for the economy during the pandemic and fulfill domestic commodities and exports well. In the future agricultural exports can be dominated by ready -to -use downstream products that have higher added value. On this occasion, he revealed how important the involvement of micro, small and medium enterprises (MSMEs) in realizing the downstreaming of the agricultural industry in Indonesia.
“We want the downstreaming of this agricultural product to help small people who produce and then be eliminated and exported, so this will help the business of the community, especially MSMEs,” he said.
In the same place, Minister of Agriculture Syahrul Yasin Limpo said that agricultural export activities will continue to be improved by encouraging the development of the downstreaming of the finished product in accordance with the direction of the President and Vice President.
“Therefore, our progress in exports must be stronger. We must not be outdone by other countries. And this is a matter of pride because what we do is born from a process and hard work,” he explained.
Exports in agriculture in 2020 reached IDR 451.77 trillion increased by 15.79 % compared to 2019 which only reached IDR 390.16 trillion. Likewise in 2021 agricultural exports were recorded at IDR 616.35 trillion increased 36.43 % compared to the previous year. In 2022, agricultural exports reached IDR 658.18 trillion increased 6.79 % compared to the previous year. This year, agricultural exports are also predicted to increase, the realization of agricultural exports for the period January to June 2023 has reached IDR 260.33 trillion, this number is optimistic that it will continue to increase.

August 15, 2023, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-6878257/ri-ekspor-durian-hingga-tepung-ke-176-negara-rp-124-triliun)

The Indonesian government held an Expo Indonesia En Mexico (EIM) exhibition which was held on August 3-6, 2023, at the World Trade Center, Mexico City, Mexico. In the exhibition, Indonesian products succeeded in capturing the hearts of investors in the country with a record of transactions reaching IDR 287 billion. The EIM exhibition is an Indonesian sole exhibition in Mexico which raised the trade, tourism, investment, and culture sectors. The EIM exhibition succeeded in attracting 5,238 visitors. At this event 83 trade matching (business matching) was carried out between exhibitors and buyers/potential investors.
Minister of Trade Zulkifli Hasan said that the exhibition could increase the effect not only in terms of exports, but also opportunities for cooperation between Indonesia and Mexico,
“The integrated exhibition of the trade, tourism, and investment sectors has a multiflier effect, not only on the increase in exports of non -oil and gas products but also provides opportunities for Indonesian investment cooperation and strengthening of the Branding (Branding) of Indonesia in Mexican countries that do not yet have bilateral trade cooperation with Indonesia, “said the man who is familiarly called Zulhas, quoted on Tuesday (8/15/2023).
The Director General of National Export Development Didi Sumedi said that during EIM 2023, four -wheeled vehicles with trademarks Suzuki Ertiga and Mitsubishi Expander attracted many visitors. In addition, many visitors come to directly see the design, features, and interior of the car.
This is in line with the performance of Indonesian non-oil and gas exports with automotive products including spare parts (spare parts) which are one of the 10 main products of Indonesian non -oil and gas exports to Mexico. Other products that are excellent include paper products, yarn, batik, eyelashes, coffee, and food and drinks.
“EIM transaction achievements prove that Indonesian products have strong competitiveness, so that they can be well received by the Mexican market and make this country an expansion of non -traditional markets. This activity is the first step to increase the contribution of Indonesia’s greater exports, especially added value products such as manufacturing industry products, “said Didi
Indonesian automotive products have good competitiveness considering the national automotive industry has implemented 4.0 technology in the production process that makes every production activity more efficient and competitive. The national automotive industry developed is an electric vehicle industry supported by the electric battery industry. The main market share of Indonesian motor vehicle products besides America, Latin is the Middle East, African, South Asia, Oceania, and Australia.
Director of Primary Product Export Development, Merry Maryati expressed his appreciation for good collaboration between all parties. The exhibition was fully supported by the Ministry of Trade and was attended by 51 participants, the Ministry of Tourism and Creative Economy; Ministry of Investment; Central Java Provincial Government, East Nusa Tenggara, West Papua and DKI Jakarta; Small and Medium Enterprises, as well as private companies.

August 15, 2023, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-6876997/produk-ri-laris-manis-di-pameran-meksiko-bukukan-transaksi-rp-287-miliar)

Indonesia is pushing to join the Organisation for Economic Co-operation and Development (OECD) after President Joko Widodo welcomed an OECD delegation to the Presidential Palace on Thursday. The President emphasized his desire for a seamless and swift path to Indonesian OECD membership. Finance Minister Sri Mulyani Indrawati stated in a press conference on Thursday that Indonesia had officially expressed its interest in becoming a member of the Paris-based forum. She said OECD secretary-general Mathias Cormann had outlined the necessary procedures for membership during the meeting with the President.
“The benefits of membership are significant, as [OECD membership] brings the potential to improve policy and bureaucracy in Indonesia,” Sri Mulyani emphasized.
At the press conference, Foreign Minister Retno L.P. Marsudi told the media that Indonesia’s bid for OECD membership had garnered strong support from existing member countries and would be discussed at a forthcoming OECD council meeting in September.
“If we secure the necessary political agreement [from current member countries], the technical process will be set in motion,” Retno explained.
Highlighting the longstanding nature of Indonesia’s collaboration with the OECD, Retno pointed out that the country had been a key partner of the OECD since 2007. Notably, in 2015, the organization took a significant step by establishing its first Southeast Asian office in Jakarta.
Indonesia and the OECD have executed several cooperative programs, Sri Mulyani added, including economic surveys and policy assessments tailored to the country, all while adhering to OECD benchmarks akin to those used by existing member countries. These policy assessments covered various sectors, including state-owned enterprises (SOEs), taxation, capital movement, public procurement, anticorruption measures and environmental policies. These efforts, according to the finance minister, were found to be in alignment with OECD membership criteria.
“We aren’t starting from scratch,” she asserted. “There have been many [policy] reforms [in Indonesia] that are in line with the OECD’s policy framework.”
The OECD expressed its recognition of the President’s leadership in chairing the Group of Twenty (G20) forum and in implementing reforms for investment and economic development. These measures were deemed highly relevant for the needs of the people, according to secretary-general Cormann, and contributed to the nation’s economic strength.
Institute for Development of Economics and Finance (INDEF) executive director Tauhid Ahmad underscored that Indonesia’s membership in the OECD would give the country high-income status but would not yield any immediate benefits.
The OECD is an intergovernmental organization with 38 member countries founded in 1961 to address various global challenges by facilitating discussions, providing policy recommendations and fostering collaboration among governments and stakeholders. If Indonesia enters the organization, it will become the third Asian nation to do so after South Korea and Japan, and the first in Southeast Asia.

August 11, 2023, The Jakarta Post
(https://www.thejakartapost.com/business/2023/08/11/ri-first-asean-country-to-file-for-oecd-membership.html)

PT Pertamina (Persero) again strengthened itself as the only Indonesian company as well as the only SOE that was included in the list of Fortune Global 500 in 2023. This year Pertamina is ranked 141 rising 82 ranking in 2022 which is in the 223th position. Pertamina It even succeeded in jumping 146 ranking compared to 2021 which came in 287. This ranking increase was in line with Pertamina’s success in posing the highest net profit throughout the company. Pertamina posted a net profit of US $ 3.81 billion or IDR 56.6 trillion, up 86% compared to 2021 of US $ 2.05 billion or IDR 29.3 trillion. Pertamina’s revenue also skyrocketed reaching US $ 84.89 billion or around IDR 1,262 trillion up to 48% compared to the previous year of US $ 57.5 billion.
Pertamina President Director Nicke Widyawati said that what the company achieved was the fruit of the sturdy foundation of the company after the restructuring of the formation of holding subholding. So that all business lines contribute to the Company. Pertamina also increasingly established itself as a world-class energy company.
“Pertamina continues to strengthen its determination to pursue the aspirations of shareholders to become world-class energy companies. This achievement is in line with the target of the company after transformation of business and organizations,” Nicke said in a written statement, Wednesday (9/8/2023).
Nicke added that the company’s positive performance could not be separated from the support of all stakeholders including the government that supported Pertamina to become a world-class company.
“Thank you also to all Pertamina officers who work hard in increasing the competitiveness of the company to be able to take part in better on the international arena,” Nicke added.
Not only firmly perched in the global ranking in the Fortune 500, Pertamina also won the number 2 position globally in the Integrated Oil & Gas Sub-Industry by Sustainalytics with ESG scores of 22.1 in October 2022, which increased from the previous score of 28,1.
Pertamina as a leader company in the field of energy transition, is committed to supporting the Net Zero Emission 2060 target by continuing to encourage programs that have a direct impact on the achievements of Sustainable Development Goals (SDG’s). All of these efforts are in line with the application of Environmental, Social & Governance (ESG) throughout Pertamina’s business line and operations.

August 9, 2023, detikFinance
(https://finance.detik.com/energi/d-6867929/top-pertamina-wakili-indonesia-di-daftar-fortune-global-500)

Minister of Agriculture Syahrul Yasin Limpo released 96 tons of shallots to Thailand with a transaction value of approximately IDR 3.4 billion. The overall export contract value reached 75 containers or equivalent to IDR 73.5 billion. Syahrul said he was grateful because Indonesia could meet domestic needs and exports of shallots when all countries face extreme weather. So far, shallots are called Indonesian mainstay commodities.
“I always say that shallots are our strengths as Indonesian nations, but we must also remember that we are currently facing El Nino who can interfere with the production of production,” Syahrul said at one of the Brebes Brebes Private Exporting Companies on Wednesday (9 /8/2023).
To anticipate these challenges, Syahrul invited all regional leaders both regents and governors to immediately intervene to help farmers who produce. He wants, agriculture continue to advance and become the main line in strengthening the nation’s economy.
“The threat of El Nino is everywhere but we have to intervene to plant various agricultural commodities. We know that the threat of this heat will make the water lack and disrupt productivity. But the initiative of the regents who struggle to accompany farmers can make us able to pass all the challenges that exist, “he said.
Acting Regent of Brebes, Urip Sihabudin expressed his gratitude for the attention of the Ministry of Agriculture who routinely continued to assist Brebes in increasing production through superior seeds, mechanization technology and access to the capital credit credit (KUR) of Agriculture.
“In fact, we were also helped to carry out the shallots festival as the first festival in Indonesia. With this festival the Brebes people began to realize that shallots could be realized through a high -scale form of high economic scale activities,” he said.
Urip added that the production of shallots in 2022 reached 385 thousand tons. While production in July 2023 reached 195 thousand tons. It is estimated, production at the end of this year can reach 388 thousand tons or increase when compared to 2022.
“And of course, it is all part of the joint endeavor, as well as guidance from the Minister and the whole ranks. We are very grateful for what the Ministry of Agriculture is doing to Brebes shallots farmers,” he said.

August 9, 2023, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-6868044/bawang-merah-ri-tembus-pasar-thailand-total-transaksi-rp-73-miliar)

Head of Batam Administration (BP) Muhammad Rudi received a visit to the Consulate General of the Indonesian Consulate General in Johor Sigit Sigit S. Widiyanto who was present to Batam with the Kuala Lumpur Healthcare KPJ delegation. This meeting is a continuation of the discussion on the potential of cooperation in the development of an international health economic area in Sekupang. After being able to explore the potential of cooperation with international hospitals several times such as Dubai and India and experienced a number of obstacles. Now, BP Batam feels optimistic that the possibility of cooperation with KJP Johor Bahru can be seriously followed up.
“Requirements from the government, so that we can develop health is to work together with at least one international hospital brand that occupies the top 10 of the world ranking and hospitals that are the main destination for Indonesian people to seek treatment.” said Rudi in a written statement, Monday (7/31/2023).
According to Rusdi, this visit from Malaysia practically brought good news to his party who was developing international health.
“Of course, from BP Batam is very happy, because we are looking for international partners. And the advantages that we have, KEK can present medical personnel from abroad. So that people do not need to seek treatment abroad. The foreign exchange that has been out, is for our own region.” Said Rudi.
Furthermore, Rudi explained that Batam is a strategic area in Indonesia. Batam’s large potential, has been developed through infrastructure development in all lines ranging from roads, airports to ports.
“We are trying to change the face of Batam City. The next 5 to 10 years, Batam will be a very beautiful city, and more interesting for investment,” he said.
This also received a warm welcome from the Consulate General of Consulate General in Johor Bahru Sigit Sigit S. Widianto and OIC KPJ Healthcare Berhad, PN Norhaizam Mohammad.
“For BP Batam and KJP, both of them see a cooperation opportunity to improve health facilities for the people of Indonesia in Batam. Because we need to revitalize new ideas to increase connectivity so as to create mutual benefits of the two regions,” said Sigit.
He acknowledged Batam had developed rapidly. According to him, the strategic location and facilities offered in this KEK are interesting. Likewise, with KPJ Johor who already has international capabilities. Data shows that one million Indonesians regularly every year seeking treatment at KJP Johor. For Indonesia, Malaysia is still the largest country of health tourism visits compared to other countries. The woman who is also the President of Malaysian Society for Quality in Health, is impressed with Batam.
KPJ Healthcare Berhad is the largest private hospital in Malaysia experienced 42 years until now has opened 29 hospital health facilities in Malaysia, Thailand, Bangladesh, and Australia, including in Jakarta Indonesia.

July 31, 2023, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-6851587/ri-malaysia-jajaki-kerja-sama-pengembangan-kek-kesehatan-batam)

Indonesia won the overall champion at The 13th WorldSkills ASEAN in 2023. This achievement was obtained after the Indonesian delegation won 27 medals consisting of 14 gold medals, 8 silver, 3 bronze, and 2 medallions.
“Thank God, the team from Indonesia succeeded in becoming the overall champion of The 13th WorldSkills ASEAN in Singapore,” Deputy Minister of Manpower (Wamenaker) Afriansyah Noor in Singapore, Thursday (7/27/2023) after attending the closing ceremony of the 13th Worldskills Singapore 2023, in written statement Friday (7/28/2023).
Wamenaker expressed his pride for the Indonesian delegation because his achievements had brought the fragrant name of the nation.
“I am very proud of the success achieved by the Indonesian team. This is a prize for President Joko Widodo, Mrs. Minister of Manpower, the Ministry of Manpower, and of course the Indonesian people,” he said.
He hoped that the success achieved in 2023 could be continued at the same event in 2025 which will be held in the Philippines.
“Hopefully in 2025 in the Philippines, we can also win the overall champion again with extraordinary skills and abilities from our children,” he said.

July 28, 2023, detikFinance
(https://finance.detik.com/berita-ekonomi-bisnis/d-6846638/bangga-ri-juara-umum-the-13th-worldskills-asean-2023)