Tag: Investment consulting

The government of President Joko Widodo (Jokowi) has compiled a government work plan (RKP) for 2023 which contains economic targets and targets to development plans for next year. The theme of the RKP is “Increasing Productivity for an Inclusive and Sustainable Economic Transformation”.

Minister of National Development Planning/Head of Bappenas Suharso Monoarfa said “The development target in the initial draft RKP 2023 was economic growth of 5.3% to 5.9%,” in the 2022 National Development Planning Consultation (Musrenbangnas), Thursday (28/4/2022).

Indonesia’s poverty rate, which had risen due to the COVID-19 pandemic, is expected to fall again next year. At least it can reach the 7.5% level. Not only poverty, but the government also hopes that the open unemployment rate can drop to the level of 5.3%-6% in 2023. Currently, Indonesia’s open unemployment rate until August 2021 is 6.49%.

Another development target is the Gini ratio, which is expected to drop to 0.375 next year. And the Human Development Index headed to the level of 73.31. The government also plans to reduce greenhouse gas emissions to 27.02%. Meanwhile, the exchange rate for farmers is 103-105 and the exchange rate for fishermen is 106-107.

April 28, 2022, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-6055167/target-jokowi-di-2023-ekonomi-tumbuh-59-kemiskinan-jadi-75)

This year Indonesia is lined up to host a number of prestigious international events, one of which is the Global Platform for Disaster Risk Reduction (GPDRR) 2022 which will be held at the Bali Nusa Dua Convention Center (BNDCC), Bali, on 23 – 28 May 2022.

The GPDRR is a multi-stakeholder conference organized by the United Nations (UN) Agency. This conference is a very valuable momentum for the Indonesian government to show its leadership in encouraging global partners to strengthen collaboration to recover together from the crisis, especially in the context of climate change to handling the COVID-19 pandemic. In other words, GPDRR will be a space to review progress, share knowledge, and discuss the latest developments and trends in disaster risk reduction efforts.

The Minister of Tourism and Creative Economy/Head of the Tourism and Creative Economy Agency, Sandiaga Salahuddin Uno, in his statement, said that the recovery of the tourism and creative economy sector after the COVID-19 pandemic is a top priority for the Ministry of Tourism and Creative Economy based on the pillars of innovation, adaptation, and collaboration to deliver policies that are right on target, with the right benefits, and on time. The appointment of Indonesia as the host of the Global Platform for Disaster Risk Reduction shows the world that Indonesia is increasingly resilient and strong in dealing with disasters. Indonesia itself is one of the countries that implement best practices for pandemic control in the world.

In addition, President Joko Widodo advised that this international forum is not only to show Indonesia’s role and practice in reducing disaster risk but also to become a momentum in promoting Indonesia’s tourism and creative economy to the 2022 GPDRR delegates who are projected to be attended by more than 5,000 participants from 193 countries.

April 27, 2022, detikTravel

(https://travel.detik.com/travel-news/d-6053467/bali-jadi-tuan-rumah-konferensi-pbb-soal-pengurangan-risiko-bencana)

PT GoTo Gojek Tokopedia Tbk is listed on the Indonesia Stock Exchange (IDX) today. GoTo became the first decacorn to be listed on the Asian exchange. IDX Director of Corporate Valuation, I Gede Nyoman Yetna said GoTo was also the 15th company listed on the IDX this year, and the 781st overall.

“GoTo will become the 15th listed company in 2022 and 781 on the stock exchange at this time. The listing of GoTo shares is highly anticipated, becoming an important milestone for both the company and the capital market industry. Indonesia’s largest digital market and able to raise IDR 13.7 trillion and market capitalization IDR 400 trillion. This makes GoTo a technology company with a decacorn valuation level and is the first decacorn to be successfully listed on Asian exchanges.” said Nyoman at a press conference, Monday (11/4/2022).

IDX hopes that GoTo can maintain transparency and accountability after becoming a public company. “The exchange hopes that GoTo will soon realize its strategy, always innovate and maintain transparency and accountability to the public,” he said.

April 11, 2022, detikFinance

(https://finance.detik.com/bursa-dan-valas/d-6026532/bei-goto-jadi-decacorn-pertama-tercatat-di-bursa-asia)

The entire series of Electric Multiple Units (EMU) or trains for the Jakarta-Bandung High Speed Rail (KCJB) project, totaling 11 units, have been completed in production at CRRC Sifang, Qingdao, Shandong Province, China in early April. Not only EMU, previously one unit of the Comprehensive Inspection Train (CIT) or inspection train has also been completed. The completion of the production process for the CR400AF type EMU series adds to the achievement of the KCJB (Kereta Cepat Jakarta-Bandung) throughout 2022.

The EMU and CIT series are targeted to arrive in Indonesia in the second semester of 2022. EMU is a series of high-speed trains with advanced specifications and is able to monitor hazards such as earthquakes, floods, to foreign object attacks, and is fire resistant.

The security system installed in the KCJB EMU series will be supported by various security instruments such as the Dispatching Monitoring Center, threat detection sensors along the KCJB route, and the Disaster Monitoring Terminal in Tegalluar as the center for disaster data management. In addition, there are also direct observation instruments in the field with CCTV connected to the KCJB command center to send visual information.

            KCJB’s operations are supported by CTSC 3/GSM-R network technology and fiber optics that have been proven globally in terms of rail safety, especially high-speed trains. Then, there are also Internal and External Lighting Protection Systems in KCJB construction.

“The KCJB security system is not only installed in the EMU circuit. Starting from Tegalluar, and along the KCJB route, we have prepared various high-level security systems so that KCJB can run well and optimally,” said the President Director of PT Kereta Cepat Indonesia China (KCIC) Dwiyana Slamet Riyadi.

April 8, 2022, detikFinance

(https://finance.detik.com/infrastruktur/d-6023019/kereta-cepat-jakarta-bandung-selesai-diproduksi-di-china-ini-kecanggihannya)

The rare Sumatran rhino is in the spotlight of foreign media. Most recently, the species gave birth in Way Kambas National Park. One of the highlights was CNN. He said, Wednesday (30/3/2022), that moment was an ‘important opportunity for the survival of the Sumatran rhino species. The extremely rare Sumatran rhino has been born in captivity in a nature reserve in Indonesia, according to the government. It’s a celebration of conservation efforts to save endangered animals from extinction. The female rhino was born in the Sumatran Rhino Sanctuary in Way Kambas National Park in Lampung province on March 24, according to Indonesia’s Ministry of the Environment.

“The birth of the Sumatran rhino is good news amid the efforts of the Indonesian government and partners to increase the Sumatran rhino population,” said the Director-General of Environmental Conservation at the Ministry of Environment, Wiratno.

The Sumatran rhinoceros, the world’s smallest rhino species, once bred throughout Southeast Asia but is now found only in small pockets on the northern islands of Sumatra and Borneo in Indonesia. Fewer than 80 Sumatran rhinos remain, according to the International Rhino Foundation (IRF).

The captive program at the Sumatran Rhino Sanctuary, assisted by IRF, is the only place where the Sumatran rhino breeds naturally with the support of technology and collaboration of expertise. The program aims to maintain the survival of the Sumatran rhino by increasing the number of rhinos. So that one day this rhino can be released back into the wild. Without intervention, the IRF says the Sumatran rhino will be extinct in a matter of decades. International rhino experts and the Indonesian government have decided relocating rhinos to a captive breeding program is the only way to save the species.

March 30, 2022, detikTravel

(https://travel.detik.com/travel-news/d-6008566/badak-indonesia-langka-yang-melahirkan-disoroti-media-asing)

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said the Jakarta-Bandung High-Speed Train (KCJB) project would later be inaugurated by President Jokowi and Chinese President Xi Jinping.

            “We want it because later, hopefully, President Xi Jinping and President Jokowi will also be in Bali. We will also try to inaugurate some of our big projects with China using Zoom,” said Luhut during a visit to tunnel 6 area in Purwakarta, West Bandung Regency, Wednesday (30/3/2022).

            For now, Luhut said the KCJB Project is targeted for trials this year, November to be exact. Previously, the KCJB construction project in tunnel 6 had experienced delays. The project was delayed due to landslides, due to the geographical location which had to pass through clay shale conditions. Thus, it makes the development process take more time.

“Due to yesterday’s landslide problem, we have been delayed for about 5-6 months. We will try to get rid of it immediately, if possible, 10 months from now, it will be a trial,” said Luhut.

March 30, 2022, detikFinance

(https://finance.detik.com/infrastruktur/d-6008339/luhut-sebut-xi-jinping-bakal-resmikan-kereta-cepat-jakarta-bandung)