Tag: Investment consulting

Taylor Swift held international concerts in several neighboring countries such as Singapore and Australia, but not Indonesia. The government responded by issuing the Indonesia Tourism Fund. The Eras Tour concerts were held by Taylor Swift in several countries. In contrast to Coldplay’s concert which stopped in several countries in Southeast Asia, Swift’s concert this year only stopped in Singapore.

International concerts are said to have a massive economic impact, including Taylor Swift’s concerts. How could it not be, Swift is known to have loyal fans spread across many countries. His concerts in several countries that have been held are also often attended by audiences from various other countries.

Thai Prime Minister Srettha Thavisin accused the Singapore government of taking special steps towards the organizers of The Eras Tour. He accused Singapore of offering 2-3 million USD or around IDR 31 billion – IDR 46 billion to get exclusivity for Swift’s concert in the Southeast Asia region, which was only held in Singapore.

Apart from that, the Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno spoke to Bloomberg Television regarding this matter. He uploaded snippets of the conversation to his Instagram account @sandiuno.

“We need several incentives first, we need what the Singapore government and the Australian government did, namely bringing in Taylor Swift. We need ‘Swiftnomics’ (referring to the economy resulting from the impact of Taylor Swift’s concert) in Indonesian tourism,” he said.

Sandiaga Uno also thinks that this needs to be used as momentum for cooperation with ASEAN countries. The thing is, according to him, big concerts like The Eras Tour have really tough competition to steal Taylor Swift’s heart.

Sandiaga Uno also said that the Singapore government was willing to pay a high price for six days of Taylor Swift concerts. No joke, the Singapore government has the capital to carry out Swiftonomics which has a huge impact on the country. In fact, if you calculate it, Singapore could get revenue of USD 600 million or more than IDR 9.3 trillion for the six days of Taylor Swift’s concert there.

Based on this, the Indonesia Tourism Fund was also launched by Sandiaga to be able to attract various international events.

“And I’m sure we will start with the Indonesia Tourism Fund. It is hoped that with this tourism fund we can bid for good events in the coming years. Not only music, but also sporting events, we need to present good cultural events in Indonesia to attract good quality tourists to visit Indonesia, stay longer and have an impact, with more dollars spent into the local economy,” he explained.

He explained in his Instagram post that Indonesia not being chosen to host The Eras Tour concert was a lesson in itself. Then IDR 2 trillion will be disbursed into tourism funds this year.

“This year the government will disburse 2 trillion Rupiah through special tourism funds or the Indonesia Tourism Fund (ITF). These funds will be used to organize local and international events, with the hope of increasing the number of tourists so that they can have a wider job creation impact again,” he wrote.

February 22, 2024, detikTravel & detikPop

(https://www.detik.com/pop/music/d-7207228/taylor-swift-dimonopoli-sandiaga-uno-ajak-negara-asean-kolaborasi)

(https://travel.detik.com/travel-news/d-7206886/taylor-swift-tak-mampir-pemerintah-sodorkan-tourism-fund-rp-2-triliun)

Singapore signed a Letter of Intent (LOI) commitment for cross-border Carbon Capture and Storage (CCS) activities with Indonesia. In the LOI, Indonesia and Singapore emphasized the importance of CCS as a decarbonization method, and the potential of CCS to support sustainable industrial activities and create new economic opportunities. Later, a working group consisting of Singaporean and Indonesian government officials will work together on a legally binding bilateral agreement to allow cross-border transportation and storage of carbon dioxide between Singapore and Indonesia.

“This collaboration with Singapore not only increases Indonesia’s commitment to leading environmental responsibility in this region, but also shows our proactive approach in utilizing innovative technology for sustainable growth,” said Deputy for Maritime Sovereignty and Energy at the Coordinating Ministry for Maritime Affairs and Investment Jodi Mahardi in his statement, Thursday (15/2/2024).

This agreement was signed by Deputy Secretary (Industry) of the Singapore Ministry of Trade and Industry, Keith Tan, and Jodi Mahardi. This agreement is based on Presidential Regulation Number 14 of 2024 concerning the Implementation of Carbon Capture and Storage Activities, which provides access to carbon storage operators to provide international carbon storage capacity.

CCS itself is the activity of capturing, transporting and storing carbon dioxide, to prevent carbon emissions from being released into the atmosphere. CCS is a decarbonization method that is suitable for industries whose emissions are difficult to reduce, such as the energy sector, chemical industry and power plants.

CCS is internationally recognized as an important decarbonization method for achieving global climate change mitigation. Both institutions, the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA), recognize the important role of CCS in achieving net zero emissions by the middle of this century and reducing the effects of global warming.

“Cross-border carbon capture and storage are a growing solution in Asia and supports Singapore’s transition to a low-carbon future. Singapore is the first country to sign an LOI with Indonesia after its presidential regulation including cross-border CCS was announced,” said the Deputy Secretary (Industry).Singapore Ministry of Trade and Industry Keith Tan.

“With this LOI, Singapore and Indonesia can become pioneers in accelerating the implementation of cross-border CCS projects in Southeast Asia,” he said.

February 15, 2024, detikFinance

(https://finance.detik.com/energi/d-7195462/ri-singapura-buka-potensi-ekspor-impor-karbon-dengan-teknologi-ccs)

PT Kereta Commuter Indonesia (KCI) or KAI Commuter signed a new cooperation contract for the procurement of electric railroad (KRL) facilities with a company from China, CRRC Sifang Co., Ltd. Procurement is part of a series of fulfillment of Jabodetabek KRL facilities. The signing of the KRL facilities procurement contract was held on Wednesday (1/31/2024) in Beijing, China. KCI President Director, Asdo Artriviyanto, said that KCI bought three new KRL series with the KCI-SFC120-V type.

“The procurement of this new KRL facility is the fulfillment of the number of KRL facilities in accordance with the needs of the Jabodetabek Commuter Line user service in 2024 -2025 which has reached nearly 1 million users per day,” Asdo said in an official statement, Wednesday (1/31/2024).

Asdo said that the procurement of new KRL facilities was a follow -up to the series of fulfillment of the Jabodetabek KRL facility which was discussed in a coordination meeting chaired by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan in June 2023. The Ministry of Industry, BPKP, PT INKA, and other stakeholders.

In fulfilling the procurement of this KRL facility, Asdo explained that the KCI had signed the cooperation in the procurement of KRL facilities, among others: 1. Procurement of 16 (sixteen) series of new KRL facilities by PT INKA with a total investment of almost IDR 3.83 trillion; 2. Procurement of 19 (nineteen) Retrofit KRL series by PT INKA with a total investment of more than IDR 2.23 trillion; 3. Procurement of 3 (three) new KRL series imports by CRRC Sifang, China with a total investment of around IDR 783 billion.

If calculated, the total cooperation is worth IDR 6.84 trillion. As for all its financing, KCI was obtained through a shareholder loan scheme from PT KAI and assistance from the government through the Participation of State Capital (PMN). KCI also expressed his gratitude for the support of the government and stakeholders for the procurement of KRL facilities including supporting funding through PMN.

“The procurement of imports of the new KRL facilities is also the last process of the series of KRL facilities by the KAI Commuter in accordance with the results of the coordination meeting led by the Coordinating Minister Marves,” Asdo added.

Asdo explained, that the procurement of KRL facilities was carried out to add user transport capacity and replacement KRL facilities to be retrofit by PT INKA. KRL facilities that have entered the rejuvenation period will continue to be replaced by the retrofit process to maintain the operational needs of the Jabodetabek Commuter Line Service with a target of 1.2 million users per day in 2025.

In 2023 yesterday, the KAI Commuter recorded a total of 290,890,677 Jabodetabek Commuter Line Commuter Line. This figure is 38% greater than the volume in 2022, which is 239,254,813 people. KAI Commuter also predicts the volume of Jabodetabek Commuter Line user user by 4% per year or an increase of 16.98 million users each year.

Previously on November 9, 2023, KCI also signed an MoU with CRRC Qingdao Sifang Co. Ltd. for mutual cooperation in the development of railroad facilities in Indonesia. Starting from the procurement of Electric Multilple Unit (EMU) facilities or a train with electricity or multiple unit diesel (DMU) or a train with a diesel. The MoU serves as a forum for technology sharing, maintenance of facilities, increasing the capacity of facilities, procurement of spare parts, and increasing railroad human resources. This memorandum of understanding is also an update from the cooperation that has been carried out in previous years.

January 31, 2024, detikFinance

(https://finance.detik.com/infrastruktur/d-7170395/kci-gandeng-perusahaan-china-impor-rangkaian-krl-baru-rp-6-84-triliun)

The Authority of the Capital City of Nusantara (IKN) in collaboration with the Ministry of Economic Affairs and Employment and Tampere City, the Republic of Finland in the development of the area in East Kalimantan. Minister of Economic Affairs and Employment Finland Wille Rydman said, there are 15 Finnish companies that are interested in investing in IKN.

“So, we have 15 leading Finland companies in our delegation, they represent various types of fields in terms of planning,” he said at the Menara Mandiri Jakarta Building, Monday (1/29).

Wille said, 15 companies from Finland that will review the IKN area are related to the field of Smart City. As is known, the construction of IKN is predicted to be a smart city in Indonesia.

“There are energy companies, there are electronic vehicle companies, there are several other companies in terms of digital connectivity, as well as 5G and 6G networks, special companies, so there are several types of branches represented,” he explained.

Wille revealed, the relationship between Finnish and a good Indonesia can create profits from each other, especially projects of projects both between the government and the private sector in the archipelago.

“We have a strong tradition for government and private partnerships so that we are committed to the archipelago project, both at the political level but also at the private level because our companies really want to be involved in this project,” he said.

According to him, Finnish knowledge in terms of smart city planning is something that is very much needed and requested in the archipelago project. There is a great opportunity for business interests that are mutually beneficial for the two countries.

“We are located quite far from each other, but the global challenges faced are shared challenges and it is very important for us to share experiences and learn from one another,” he explained.

While the Head of the Capital Authority (IKN) Bambang Susantono revealed, in developing the IKN area, Indonesia needs to study with Finland which holds a state title with the number one happiness index in the world.

“Bringing a title like that, how the methodology is, how we measure it later will be carried out academic studies and there will also be a pilot project for it, and we will do this soon,” he said at the Menara Mandiri Jakarta Building, Monday (1/29).

Bambang continued further, IKN also wanted to learn from Finland in the aspect of education. Because the country is the country with the best education in the world.

“The second is Finland is very family on education. One of The Best Education Country in the world. We also want to learn from them how we will educate educational facilities in the archipelago we will do together in the future,” he explained.

In addition, things that need to be learned are also from Finland, said Bambang, in the field of Smart City. Later, IKN development will be more dominant using digital technology elements. “How we will later apply technology for digital technology that is smart but still inclusive is important for all of us in the context of we become a city that is truly loved,” he said.

Bambang added, even so, these three things will be adjusted to the political, social, cultural culture of Indonesia itself. “The concepts are tried later to be seen in the condition in the condition of the archipelago and certainly not raw we adopt,” he concluded.

January 29, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/market/20240129132618-17-509826/ini-alasan-finlandia-boyong-15-perusahaan-buat-investasi-di-ikn)

PT Pertamina (Persero) through PT Pertamina Malaysia Exploration of Production (PMEP) together with Mitra succeeded in winning the SK510 Exploration Block Auction through Malaysia Bid Round (MBR) 2023. MBR is a series of auction activities held every year by Malaysia Petroleum Management (MPM) Petronas namely Agency responsible for oil and gas resources in Malaysia. Participating Interest (PI) Holder of Participation Rights in the SK510 Block consists of Petronas Carigali SDN BHD which applies as an operator with a PI of 40%, PMEP and Inpex Malaysia E&P SK510 SDN BHD each has a 25%PI, and Petroleum Sarawak Exploration & Production SDN BHD has the remaining 10% PI.

The 1,864 km2 SK510 block located off the coast of Sarawak, Malaysia is a work area in the upstream asset management portfolio of PT Pertamina Hulu Energi (PHE) as the Subholding Upstream Pertamina. With this acquisition, there are a total of 6 blocks in the management of PMEP.

PMEP, is a subsidiary of PT Pertamina Internasional Exploration and Production (PIEP), which is affiliated with PHE, manages exploration and oil and gas production activities in the Sabah and Sarawak Malaysia regions with the type of Production Sharing Contract (PSC) contract. PMEP has PI in 3 production blocks namely SK309 (25.5%), SK311 Block (25.5%), and Block K (24%). Two exploration blocks namely SK510 (25%) and SK 314A (25.5%). Then, 1 Block of Development and Exploration- Block H (18% except the Rattan Field -24%).

Director of Strategic Planning and Business Development PHE Danar Dojoadhi, explained that Pertamina continues to strengthen the advantages possessed by taking opportunities that can support the company’s business growth by implementing the principles of environmental, social, and good governance (ESG).

“We believe that the management of the SK510 Block can strengthen Footprint PHE in Malaysia in an effort to achieve the company’s target by increasing oil and gas resource growth through exploration assets abroad,” Danar said in a written statement, Wednesday (1/24/2024).

Furthermore, Danar explained that expanding the work area through new exploration blocks, both domestic and international is very important to maintain the sustainability of fossil energy resources. PHE has also completed the acquisition of oil and gas blocks in several work areas including Mahakam & Flower Flowers in Eastern Indonesia, East Natuna in the Indonesia-Malaysia-Vietnam border area, and Masela in Maluku.

January 24, 2024, detikFinance

(https://finance.detik.com/energi/d-7157756/top-pertamina-garap-ladang-migas-di-malaysia)

PT PLN (Persero) through PLN Indonesia Power Subholding immediately operates the first hydrogen refueling station (HRS) charging station in Indonesia, located in Senayan, Jakarta. The progress of the HRS development has now reached 98 percent and is targeted to be completed in February 2024. This aggressive step continues the use of green hydrogen production from 21 Green Hydrogen Plants that have been operated by the company since November 2023. PLN President Director Darmawan Prasodjo said PLN together with the government continued to take strategic steps in energy transitions. One of them is through the use of green hydrogen as an environmentally friendly alternative energy to replace fuel oil. This step is also part of an effort to reduce carbon emissions in the transportation sector.

“This is proof, we walk the talk that we realize this commitment in real form. Not only the infrastructure for charging electric vehicles, but we are also ready to present the first hydrogen refueling station in Indonesia as an environmentally friendly energy option for vehicles,” Darmawan said in his statement, quoted Tuesday (1/16/2024).

This almost completed HRS is ready to serve all types of hydrogen -based vehicles from private vehicles, public vehicles, to heavy vehicles. Because in this first phase of construction, HRS Senayan has been equipped with 150 bar HRS, 300 bars and will gradually be raised up to 700 bars. PLN is also making innovations in hydrogen-based electric vehicles that will be exhibited during the inauguration of HRS Senayan. The vehicle made by PLN Nusantara Power Subholding is 150 bars based.

“The development of the green hydrogen supply chain is at the same time strengthening national energy security. That is, we switch from the majority of fuel based on imports to Green Hydrogen which is domestically produced in the country,” he added.

HRS Senayan will be more strategic because there is also a hydrogen -based electric vehicle charger that has the same function as the Public Electric Vehicle Filling Station. There was also a hydrogen center and hydrogen gallery room there was also built as a training and education center related to hydrogen in Indonesia.

PLN can currently produce 199 tons of green hydrogen. Of the total production, PLN only uses 75 tons for the operational needs of the generator, while the remaining 124 tons can be used for other needs. This amount can be used to serve 424 cell electric vehicles, so that it can save fuel imports by 1.55 million liters/year and reduce carbon emissions to 3.72 million kg CO2/year.

To run this program, PLN has collaborated with the Ministry of Energy and Mineral Resources, the National Research and Innovation Agency and Indonesia Fuel Cell and Hydrogen Energy.

“In the long journey of this energy transition, PLN cannot walk alone, the only way to keep going forward is by collaboration. Because whatever the challenges, we must fight so that the earth becomes a better place for future generations,” concluded Darmawan.

January 16, 2024, detikFinance

(https://finance.detik.com/energi/d-7145223/pln-segera-operasikan-stasiun-pengisian-hidrogen-pertama-di-ri)

The relationship between Indonesia and Vietnam has been going on for a long time, so that currently the two countries have agreed to set new targets in terms of trade. This was decided from the bilateral meeting of President Joko Widodo (Jokowi) with Vietnamese President Vo Van Thuong, Friday (12/1/2024).

“The 10 years of Indonesia and Vietnam’s strategic partnerships are celebrated by exceeding the trade target of US $ 10 billion (equivalent to IDR 155.6 Trillion) and the strength of cooperation in various fields,” Jokowi said when giving a joint press statement.

From that meeting Jokowi revealed that the two countries agreed to increase new trade targets. In addition, there is also an increase in cooperation in the fields of food, energy transition, and digital economy.

“Regarding the meeting I want to convey the first few things we agree to increase new trade targets,” Jokowi said.

On the same occasion the President of Vietnam, Vo Van Thuong also revealed several results of the meeting. One of them from the trade sector of the two countries set a new trade target of US $ 15 billion or equivalent to IDR 233.4 Trillion (IDR 15,565.00 /US $). He also requested specifically requested that agricultural products and Vietnamese halal products be given the ease of entering the Indonesian market.

“Third, try to quickly bring bilateral trade in the level of US $ 15 billion and more in accordance with the current direction. In addition, we also ask that Indonesia create ease of sharing of agricultural products and halal products from Vietnam to approach the Indonesian market,” said Thuong.

There is other cooperation such as strengthening in the fields of education, training, agriculture, fisheries, culture, tourism, and information technology. Also expands to other fields of potential such as the digital economy and energy transformation.

Thuong invites Indonesian business entities to further increase investment in Vietnam, especially in the banking sector, financial technology (fintech), creative innovation and so on. On the other hand, it makes it easy for Vietnamese business entities to invest in Indonesia.

In the automotive field, Vinfast, one of the largest private companies in the automotive field in Vietnam will build an electric car factory in Indonesia. He explained that this factory was able to compete with global electric automotive players by having a factory in the USA. Vinfast produces 250 thousand units of cars per year. The total investment of this cooperation is US $ 1.2 billion or equivalent to IDR 18.7 trillion.

“I believe that the visit of the Indonesian President Joko Widodo and Indonesia’s high-level delegation will make an active contribution to the development of Vietnam-Indonesia’s strategic relations and strategic partnerships in the interests of the people of two countries, for peace, the stability of cooperation and development in the region and the world, “concluded Thuong.

January 12, 2024, CNBC Indonesia & detikFinance

(https://www.cnbcindonesia.com/news/20240112184945-4-505264/ri-vietnam-sepakat-kejar-target-dagang-rp233-t)

(https://finance.detik.com/energi/d-7140513/ri-gandeng-vietnam-bangun-pabrik-mobil-listrik-erick-kuatkan-ekosistem-ev)

(https://finance.detik.com/berita-ekonomi-bisnis/d-7138597/ri-dan-vietnam-sepakat-kerja-sama-di-bidang-pertanian-perikanan)