Tag: investment landing

Indonesia and South Korea have agreed to collaborate to reduce carbon emissions. This was marked by the signing of a memorandum of understanding on the implementation of Article 6 of the Paris Agreement. Coordinating Minister for Economic Affairs Airlangga Hartarto welcomed the initiative of the South Korean Ministry of Trade, Industry and Energy (MOTIE) in establishing bilateral cooperation with Indonesia to implement Article 6 of the Paris Agreement. This is in line with Indonesia’s efforts to continue exploring cooperation both bilaterally and multilaterally.

Airlangga said this event was one way to strengthen the achievement of the commitment as stated in the Enhanced Nationally Determined Contribution (ENDC) to reduce carbon emissions by up to 31.89% with his own efforts and up to 43.20% with international support. In addition, the two countries will also obtain carbon credits through Internationally Transferred Mitigation Outcomes (ITMO) from selected projects that receive subsidies from MOTIE.

“MOTIE has contacted the Coordinating Ministry for the Economy since last year. We agreed to this cooperation and signed the MoU today. The form of cooperation in this MoU also has many similarities with the implementation of JCM that has been carried out by Indonesia. After this, we hope that companies from both countries can immediately collaborate to realize a reduction in carbon emissions,” said Airlangga in a written statement, Thursday (6/6/2024).

Airlangga said that his party had experience in coordinating similar cooperation through the Joint Crediting Mechanism (JCM) scheme between Indonesia and Japan since 2013. Currently there are 55 JCM projects spread across various regions in Indonesia and have contributed significantly to supporting low-carbon development in Indonesia.

He also hopes that the collaboration with South Korea can contribute a lot in encouraging Indonesia’s efforts to achieve the target of Enhanced Nationally Determined Contribution (ENDC) in 2030 and Net-Zero Emission (NZE) in 2060 or sooner.

“This collaboration can support sustainable development in Indonesia through increasing green investment and creating green jobs,” he explained.

June 6, 2024, detikFinance

(https://finance.detik.com/energi/d-7377684/korsel-ri-sepakat-kerja-sama-penurunan-emisi-karbon)

Indonesia won the title of Top Muslim Friendly Destination of the Year 2024 in the Mastercard Crescent Rating Global Muslim Travel Index (GMTI) which took place in Singapore, Thursday (5/30/2024). Minister of Tourism and Creative Economy (Menparekraf) Sandiaga Uno attended directly and received the award at Holiday Inn Singapore Atrium, Singapore.

“Surely we need to maintain this mandate, we guard, and we continue to improve. Because Muslim friendly is related to the hygiene of a product,” said Sandiaga in the speech after receiving the award.

The predicate as a Muslim friendly country in 2024 made Indonesia succeed in defending a similar title in 2023. Sandiaga considered the award to be a reminder that the potential of the halal industry was still very large to be developed. In second place, Indonesia was followed by Malaysia and Saudi Arabia in third. Completing the top five there are Türkiye and the United Arab Emirates (UAE) in fourth and fifth positions. Meanwhile, the non-member country that won the title of the most Muslim friendly country was Singapore. As runner up the British, in third, fourth and fifth ranked in a row are Taiwan, Hong Kong, Thailand.

Sandiaga said the global Muslim population reached 2 billion or around 25 percent of the world population in 2022. According to the Global Report of the Muslim Travel Index 2023, the number was estimated to increase by 2.3 billion or around 27 percent of the world population in 2030.

“This is an opportunity and the potential of the halal industry to be able to develop exponentially. Because the global Muslim population continues to grow,” said Sandiaga.

Since the Global Muslim Travel Index (GMTI) in 2023 has placed Indonesia as the first top destination for Muslim tourists. Indonesia continues to expand services for Muslim tourists and promote Muslim-friendly tourism services, encourage a longer visitor to live, and increase tourist spending.

In 2024, Muslim-friendly tourism in Indonesia prioritizes several programs such as halal certification for business and MSMEs, digitalpreneur santri, e-catalogs of the Indonesian Great Mosque, Global Hub of Modest Fashion, to bilateral collaboration with Saudi Arabia.

Sandiaga said that the series of programs was expected to realize the achievement of the target of 17 million foreign tourist visits and 1.5 billion domestic tourist movements in 2024. And accelerate the opening of employment, one of which relies on halal tourism.

“Creation of employment in the tourism sector is six times more than other sectors. And this is also primarily able to empower the community significantly,” said Sandiaga.

May 31, 2024, detikTravel

(https://travel.detik.com/travel-news/d-7367504/indonesia-juara-destinasi-ramah-muslim-2024)

Indonesia through the Coordinating Minister for the Economy Airlangga Hartarto visited CNGR integrated industrial facilities based in the Qinzhou area, southern China. The distance is approximately 90 km from the city of Nanning in southern China. Airlangga’s arrival was received directly by CNGR Chairman Deng Wei Ming.

Airlangga directly checks the OESBF technology facility for the resistance of mineral reserves, which can take nickel coverage with a wider grade. Then nickel electrolytic facilities that use centrifugation extraction technology. Furthermore, seeing technology for the production of lithium battery raw material precursors that are currently used by many leading industries such as Tesla, Samsung, LG, SK, Panasonic.

On the visit, Airlangga also encouraged CNGR to help the development of R&D material for new energy, which collaborates with universities. In this case with the Faculty of Engineering, Gadjah Mada University (FT UGM).

Through this collaboration, the establishment of metal energy R&D centers will be prepared or the Center for Research and Development of Energy Materials. While UGM will play a role in developing the Engineering Research Innovation Center at UGM, which is currently more research on recycling, Rare Earth Element, material deposit in Indonesia.

Airlangga hopes that CNGR’s support will focus more on material for new energy. On the other hand, Deng expressed his interest in collaboration with universities in Indonesia.

“CNGR is committed to cooperating with leading universities in Indonesia in the development of material industrial technology diversification for new energy in Indonesia,” he said in a written statement, Monday (5/27/2024).

It is known, CNGR is one of the large company groups from China engaged in the nickel processing industry, which leads the development and innovation in the field of material energy and is recognized as the world leader in new energy materials. CNGR conducts 4 industrial modernizations, namely technology diversification, development globalization, operational digitalization and making industrial ecologizes.

As an integrated industry in nickel processing, CNGR produces the synthesis of ternary precursors and electrolytic nickel. CNGR plans to make an investment of IDR 168.2 trillion in the next 20 years, and since 2021 has made an investment ofIDR 32.1 trillion in Indonesia. CNGR has built nickel processing industry facilities in Morowali, North Morowali, Weda Bay, and Batulicin.

At present CNGR is starting to develop integrated area facilities in North Konawe, called the Konasara Green Techno Industry (KITHK) area of ​​more than 5,000 ha, the construction will begin in the fourth quarter of 2024, and is estimated to absorb as many as 28 thousand local workers.

To maintain the sustainability of natural resources and the resistance of Indonesian mineral reserves, CNGR is processing nickel ore with OESBF (Oxygen Enriched Side Blow Furnace) technology innovation which is the first industry in the world to implement the use of nickel ore with broader grade scope, energy efficiency that minimizes Carbon emissions, and waste production that is environmentally friendly and can be utilized by other industries.

In addition, as a result of synergy with the downstream mineral policy in Indonesia, CNGR has succeeded in producing nickel electrolytic (nickel cathode) with a purity of 99.99%. As of May 23, 2024, CNGR has also brought Indonesian nickel into the metal supply chain in LME (London Metal Exchange).

May 27, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7359545/airlangga-dorong-perusahaan-cngr-di-china-kerja-sama-r-d-dengan-ugm)

Coordinating Minister for the Economy Airlangga Hartarto working visit to South Korea. In the series of visits, Airlangga met the Minister of Trade Minister, Industry and Energy (MOTIE) of South Korea, Ahn Duk Geun in Seoul, Wednesday (5/22/2024). Airlangga said that the relations between Indonesia and South Korea which had been closely established so far could be increased, especially in the industrial, trade and energy sectors.

“We believe our cooperation in the future will increase and develop. I hope that Minister AHN can help to further strengthen and deepen industrial cooperation, trade, and also in the field of energy transition between Indonesia and Korea,” Airlangga said in a written statement.

For information, in July 2023 the Joint Committee on Economic Cooperation (JCEC) was held in Seoul. In the meeting several important results were achieved, including the cooperation in the development of nickel derivatives for electric vehicle (EV) batteries, the market access to Indonesian fruit products to South Korea.

Then, the expansion of the Lotte petrochemical factory, the construction of the Krakatau Steel – Posco steel cluster, the expansion of the Indonesian UMKM market access (small, micro and medium businesses) through South Korean e-platform Carbon Capture and Storage (CCS) technology, hydrogen/ammonia energy production, and hydropower development.

Furthermore, South Korea also conveyed the opportunity for cooperation related to the development of nuclear power plants (PLTN) through the Korea atomic Energy Research Institute (KAERI) which has developed Small Modular Technology

Reactor (SMR) which is designed is safe and produces lower carbon traces than conventional reactors. Small-scale modular nuclear reactors are an alternative solution to supply electrical energy, especially in remote or isolated areas.

“At the 3rd JCEC meeting this year is Indonesia’s turn to host, so on this occasion we invite Minister AHN to hold a JCEC meeting in July in Jakarta,” said Coordinating Minister Airlangga.

The two ministers also discussed the cooperation between the construction of the Electronic Vehicle ecosystem (EV/Electric Vehicles) through Hyundai and LG Energy Solution investments in Indonesia.

“I hope that the EV ecosystem can be deeper and of course later with Korea asking for help to talk to America so that the IRA law can open markets for products from cooperation between LG and Hyundai to enter the American market,” said Coordinating Minister Airlangga.

May 22, 2024, detikFinance

(https://finance.detik.com/energi/d-7353965/ri-korsel-jajaki-kerja-sama-nuklir-hingga-genjot-mobil-listrik)

President Joko Widodo opened the 10th World Water Forum Forum (WWF) this morning in Bali, Monday (5/20/2024). This international forum will discuss various important issues in the water sector. In this 10th World Water Forum, Indonesia had the opportunity to host. The event was attended by around 35 thousand delegates from 193 countries in the world. In addition to government officials from various parts of the world, on this occasion also attended the richest people on earth as well as SpaceX CEO, Elon Musk.

“Welcome to Bali. It is an honor for Indonesia to be trusted to host the 10th Dunai Water Forum to strengthen joint commitments and formulate concrete inclusive and sustainable water management,” Jokowi said, at the Bali International Convention Center (BICC) on Monday (5/20/2024).

Water resource management is a big homework for the world going forward. Jokowi said, of the 72% of the surface of the earth covered with water, only 1% can be accessed and used as drinking water and sanitation. Severe conditions are also projected to occur in 2050. 

Indonesia itself, as a country with a waters area reaching 60% has great potential. 

“Indonesia is rich in local wisdom of water management. Starting from along the coastline, riverbanks, to the edge of the lake. Our society has cultural values ​​to water. One of them is a subak irrigation system in Bali which was practiced since the 11th century and is recognized as a world cultural heritage , “he said.

In addition, he also exhibited culture in Balinese society where water is a glory that contains spiritual values ​​and culture that must be managed together. This is in line with this year’s WWF theme, water for joint prosperity. Jokowi explained, this theme can be interpreted into 3 basic principles, namely avoiding competition, prioritizing equity and inclusion cooperation, and supporting peace and prosperity together.

“All three can only be realized with a keyword, namely collaboration. In Indonesia Collaboration has become the key to success in the restoration of the Citarum River, as well as the development of green energy, solar panel floating in the Cirata Reservoir which is the largest in Southeast Asia and third in the world,” Jokowi said.

With the gathering of various stakeholders in Bali this time, Indonesia hopes that the world can join hands with continuity to be able to strengthen the commitment of collaboration in overcoming global challenges related to water.

In addition, the 10th World Water Forum, which was held on May 18-25, 2024, in Bali produced a new milestone. For the first time in its implementation, this forum produced a ministerial declaration to strengthen global water security. The ministerial declaration was passed at the end of the 10th WWF Ministerial Level meeting which was attended by 106 countries and 27 international organizations on Tuesday (5/21). The result was revealed by the Minister of Public Works and Public Housing (PUPR) who is also the 10th Daily Chairperson of the WWF Organizing Committee, Basuki Hadimuljono.

The first point is the establishment of a center of excellence for water and climate security in order to develop capacity, knowledge sharing & utilization of superior facilities. 

The second point of the Ministerial Declaration is to lift and encourage the issue of integrated water resource management on small islands. Although surrounded by broad waters, Indonesia is considered to still need a good management system to overcome the challenges of quality and availability of clean water. 

Third, the proposal for World Lake Day or World Lake Day which will then be brought to the United Nations (UN). The lake is a source of water supply that supports humans as well as having a social and economic function of the community so that the commemoration of World Lake Day is considered one of the main keys to preserve the lake throughout the world. 

Trade cooperation between Indonesia and the United Arab Emirates is getting stronger. This was conveyed by the President and CEO of the Dubai Chamber of Commerce, Mohammad Ali Rashed Lootah. Lootah said that the signing of the Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (IUAE-CEPA) last year had removed barriers to trade in various goods and services between the two countries.

“This is expected to increase annual non-oil bilateral trade between our countries to US$10 billion (IDR 160 trillion) in the next five years,” said Lootah at the New Horizons: Doing Business with Indonesia event in South Jakarta, Monday (6/5/ 2024).

According to him, this agreement opens up attractive opportunities for the business community and both countries and confirms Indonesia’s position as a very important and strategic market for the United Arab Emirates and Dubai.

Lootah himself said that the market between Indonesia and the United Arab Emirates had been strong for several decades. He explained that during 2023, non-oil and gas bilateral trade between the two countries will reach US$3.5 billion (IDR 56 trillion) or achieve solid growth of 7.7% compared to the previous year.

As relations improve, in June 2023, Dubai International Chamber, launched a new international representative office in Jakarta with the aim of further strengthening bilateral trade and investment relations.

“Our team in Jakarta is happy to work with the Indonesian business world to support the growth of bilateral trade and investment, taking advantage of the CEPA agreement between the United Arab Emirates and Indonesia to achieve significant export and import expansion between the two markets,” he explained.

He said that the international representative office in Jakarta has several missions and focuses, namely building strong relationships with key public and private sector stakeholders, supporting Dubai-based companies that want to expand to Indonesia, and helping the Indonesian business world to enter the US market. Arab Emirates.

“By the end of 2023, a total of 99 Indonesian companies have registered as members of the Dubai Chamber, as many as 15 more companies joined us in the first quarter of this year, bringing the total to 114,” he explained.

“Reflecting the growing interest in Dubai among the Indonesian business community, we are confident that our office in Jakarta will continue to support and enhance the strategic bilateral trade and investment relationship between the two countries.”

Apart from that, the President and CEO of the Dubai Chamber of Commerce, Mohammad Ali Rashed Lootah, said that there was a possibility that companies from the United Arab Emirates would be interested in investing in Indonesia’s Archipelago Capital (IKN).

“As soon as investment opportunities are presented to us through investment promotion agencies in Indonesia, we will work with them (IKN) to introduce the private sector from the United Arab Emirates,” he said.

“Such opportunities are open to our private sector in Dubai, and we hope to encourage our companies to play a very important and important role in these investment opportunities,” he added.

May 6, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20240506134425-4-536060/ri-uea-makin-mesra-targetkan-perdagangan-non-minyak-rp160-t)

(https://www.cnbcindonesia.com/news/20240506153950-4-536119/bisnis-uea-ri-makin-mesra-dubai-bakal-investasi-di-ikn)