Tag: investment landing

The Ministry of Investment or the Investment Coordinating Board (BKPM) revealed that Indonesia will soon produce battery cells through the PT HLI Green Power factory with a capacity of 10 Giga Watt hour (GWh), the first in Southeast Asia. Special Staff for Regional Relations at the Ministry of Investment, Tina Talisa, revealed that the first battery cell factory in Indonesia will start the first phase of production in April 2024.

Later, 90% of the battery cell products will be exported to Korea and India. “In April, the HLI Green Power factory will start mass production and more than 90% of the products produced will be exported, especially to Korea, then to India,” he said on the official Instagram account of the Ministry of Investment, quoted Thursday (29/2/2024).

Meanwhile, he revealed that after the factory carries out its operational activities, the second phase of production is also targeted to start in 2024.

In the future, with a capacity of 10 GWh, if it has maximum production, it will produce 32.6 million battery cell units. “The battery cells produced in this factory are 81 Ampere hours or 300 watthours. From the full capacity, 10 GWh will produce 32.6 million cell units. battery,” he explained.

Tina revealed that the materials used to produce domestic battery cells are nickel, manganese, cobalt and lithium.

Apart from that, he said that more than 90% of the workforce working at the battery cell factory were local Indonesian workers. “Most of the workers who work at this company are more than 90% local Indonesian workers, including young engineers,” said Tina.

February 29, 2024, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20240229112516-4-518547/pabrik-baterai-ev-pertama-di-asean-bakal-meluncur-di-ri-tahun-ini)

Ministry of Transportation Cq. The Directorate General of Sea Transportation continues to strive to show its active role in preparations for the 2025 IMO Member State Audit Scheme (IMSAS).

Director General of Sea Transportation, Capt. Antoni Arif Priadi, in his briefing emphasized the importance of Indonesia, as the largest archipelagic country in the world, to ensure the security and safety of maritime activities. He said that Indonesia’s commitment to the principles and conventions set by the International Maritime Organization (IMO) had not changed.

“Indonesia recognizes the key role played by the IMO in setting global standards for the safety, security and environmental performance of international shipping,” said Antoni in a press release, written Wednesday (28/2/2024).

Capt. Antoni also appreciated Indonesia for being re-elected as a member of Category “C” on the IMO Council.

“This places Indonesia in a position to actively contribute to the formation of international policies and regulations governing the maritime industry,” he added.

Indonesia’s experience in the Voluntary IMO Member State Audit Scheme (VIMSAS) in 2014 has shaped Indonesia’s commitment to maritime safety. Lessons learned then have shaped Indonesian policy and practice, leading to improvements in maritime infrastructure and the national regulatory framework.

Facing IMSAS in 2025, the Director General of Maritime Transportation emphasized the importance of Indonesia’s preparations in demonstrating Indonesia’s continued commitment to the highest standards of maritime safety, security and environmental protection.

“The Mock Audit of IMSAS which begins today provides a valuable opportunity for Indonesia to evaluate the extent of its readiness to face IMSAS. For this reason, we must approach IMSAS with a comprehensive and proactive mindset, ensuring that our maritime administration fully complies with IMO conventions,” he stressed.

Furthermore, preparation through a Mock Audit not only involves a thorough review of existing systems but also the identification and implementation of necessary improvements.

“It is hoped that we can all work together, participate actively, and uphold the principle of openness so that all deficiencies and findings can be identified from the start and corrected as soon as possible,” he concluded.

The Mock Audit activity was also attended by IMSAS Mock Audit Lead Auditor, Mr. Abdul Hannan from AMSA Australia served as the Auditor team leader and assisted Indonesia in this activity.

February 28, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7217160/ri-berkontribusi-aktif-susun-regulasi-internasional-sektor-maritim-begini-caranya)

PT Sarana Multi Infrastruktur (Persero) signed a Memorandum of Understanding (MoU) with European Investment Bank Global (EIB Global) for sustainable infrastructure development in Indonesia. One form of this collaboration is exploring loans worth a maximum of 500 million Euros or around IDR 8.4 trillion which will be used for various financing needs.

“The funds that will be distributed by PT SMI will later target private and public entities involved in climate change control projects including New Renewable Energy, sustainable transportation facilities and other infrastructure that increases resilience to the impacts of climate change,” wrote PT SMI in official statement, Wednesday (28/2/2024).

PT SMI and EIB will also explore collaboration in the form of project origination, knowledge sharing, capacity building and technical assistance, related to the energy transition in Indonesia. This is said to be in line with PT SMI’s partnership with various local and international banks/financial institutions to develop capital from the government without relying solely on the capital market.

“PT SMI is very open to exploring more collaborations in the future to accelerate infrastructure development in Indonesia,” continued PT SMI.

The President Director of PT SMI, Edwin Syahruzad, welcomed this collaboration with EIB Global. According to him, EIB’s focus on environmentally friendly and sustainable projects is in line with PT SMI’s priorities.

“We are pleased with the EIB’s intention to work together with PT SMI in this matter. We believe that with EIB’s support, PT SMI can grow further and continue to be a leader not only in the energy transition sector, but also in the wider scope of sustainable infrastructure development in Indonesia,” said Edwin.

EIB also supports PT SMI’s efforts in helping the Indonesian Government to achieve the Net Zero Emission target by 2060. EIB Vice President for the Southeast Asia Region, Robert de Groot, said that Indonesia has gained momentum to create sustainable and environmentally friendly growth.

Together with PT SMI, EIB Global is committed to supporting and accelerating the energy transition in Indonesia.

“Therefore, today’s signing of the MoU marks a significant step towards achieving this goal, as it unites our efforts and allows us to achieve much more,” said Robert.

EIB Global’s commitment to encourage investment in change mitigation and resilience. climate, is part of the European Union’s Global Gateway initiative. The European Union Ambassador to Indonesia, Denis Chaibi, stated that the MoU between PT SMI and EIB is a real illustration of the European Union’s efforts to encourage sustainable investment in Indonesia.

“This also shows the European Union’s ongoing commitment to fulfilling its promise for the Just Energy Transition Partnership (JETP). This partnership requires coordinated efforts to build energy infrastructure projects and mobilize funding. This loan will be an important contribution in Team Europe’s support for the energy transition in Indonesia ,” he concluded.

February 28, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7216087/smi-gandeng-bank-eropa-buat-kembangkan-infrastruktur-berkelanjutan-di-ri)

President Joko Widodo (Jokowi) stated that Indonesia must now focus on managing water for the future. One of them is building dams to maximize water use. He said that until now Indonesia seemed to be lagging behind in building dams to maximize water use. From Sabang to Merauke there are a total of 4,400 rivers, but so far only 292 dams have been built.

Jokowi compared it with other countries, such as South Korea to China. In South Korea there are a total of 20 thousand dams in operation, while in China there are more, up to 98 thousand dams.

“We have 4,400 rivers, but we only have 292 dams. To illustrate, China has 98 thousand dams, South Korea has approximately 20 thousand dams,” explained Jokowi in his statement, Friday (23/2/2024).

Jokowi conveyed this when inaugurating the Lolak Dam in North Sulawesi. This dam was built with a budget of IDR 2.02 trillion with a multitude of functions that can be optimized.

Apart from being a raw water supply with a discharge of 500 liters per second and a reach of up to 10 kilometers, Jokowi explained that this dam could act as a flood barrier. This dam is expected to reduce the risk of flooding by up to 29% in the surrounding area, a significant improvement compared to previous conditions.

“It can reduce flooding by up to 29%, if previously there was a flood, then there was a dam, it would be reduced,” said Jokowi.

Then, this dam can increase agricultural productivity around the dam area. With a capacity of 16 million cubic meters, the Lolak Dam can irrigate an agricultural area of 2,200 hectares.

Lolak Dam can also function as a hydroelectric power plant with an energy potential of 2.43 MW. Not only that, the Lolak Dam will also become a new tourism destination in the Bolaang Mongondow area, and the ex-excavated land can be used as a productive fruit forest.

February 23, 2024, detikFinance

(https://finance.detik.com/infrastruktur/d-7208009/jokowi-sebut-ri-ketinggalan-bangun-bendungan-kalah-dengan-china-korsel)

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)