Tag: investment landing

The Ministry of Industry revealed that Indonesia is in the top 10 contributors to world manufacturing products. Indonesia is the only ASEAN country on the list issued by safeguardglobal.com. Based on this publication, Indonesia contributes 1.4% to global manufactured products. This achievement is a significant increase because four years ago Indonesia was still in 16th position.
“This is an increase in level because this year we are in the top 10 category. Indonesia is the largest manufacturing powerhouse in ASEAN,” said Minister of Industry Agus Gumiwang Kartasasmita in a written statement, Thursday (21/12/2023).
Agus explained that the increase in ranking indicated that the manufacturing sector had a multiplier effect on other sectors. As an illustration, with increasing industrial output, the transportation sector will also increase, as will the energy, agricultural, plantation and maritime sectors which are sources of raw materials and production input factors for the manufacturing sector.
Indonesia’s position in the ranks of world manufacturing is strengthened by the value of industrial output which continues to increase in the period 2020 to September 2023. In 2020 the value of industrial output was claimed to be recorded at US$ 210.4 billion, increasing to US$ 228.32 billion in 2021 and increasing again to US $ 241.87 billion in 2022. Until September 2023, the value of industrial output will reach around US $ 192.54 billion. The increasing competitiveness of the industrial sector in Indonesia is also supported by investment realization, both from Domestic Investment and Foreign Investment. Investment in the manufacturing industry sector is claimed to continue to show an increase from IDR 213.4 trillion in 2020, to IDR 307.6 trillion in 2021, then reaching IDR 457.6 trillion in 2022.
“In January to September 2023, investment in the manufacturing sector has been recorded at IDR 413 trillion,” explained Agus.
Manufacturing industrial products have been proven to penetrate the export market, as shown by the dominance of the manufacturing industrial sector in total Indonesian exports. Manufacturing industry exports, which in 2020 were recorded at US$ 131.09 billion, increased to US$ 177.2 billion in 2021. In 2022, the manufacturing industry export figure reached US$ 206.06 billion or an increase of 16.29% from the previous year’s achievement. . Meanwhile, in January-November 2023, the figure will reach US$ 171.23 billion.
The productivity of the manufacturing sector is also claimed to have succeeded in opening up more job opportunities. During the COVID-19 pandemic, the number of workers was 17.49 million, then gradually increased to 18.19 million in 2021 and 18.90 million in 2022. Most recently, data from Sakernas for August 2023 showed that the number of workers in the non-oil and gas processing industry sector was 19 .29 million workers.
Then the Indonesian Manufacturing Purchasing Manager’s Index, which for 27 consecutive months continues to be at the expansion level. This shows that the performance of the Indonesian manufacturing sector is stable, even though the global economy has not yet stabilized, it can maintain the perception of industry players regarding their business conditions.
“This shows the stable condition of Indonesia’s manufacturing sector. Until now there are only two countries in the world, namely India and Indonesia, which are in this position,” explained Agus.

December 21, 2023, detikFinance
(https://finance.detik.com/industri/d-7102602/top-ri-masuk-10-besar-penyumbang-produk-manufaktur-dunia)

Pertamina New & Renewable Energy (Pertamina NRE) and Tokyo Electric Power Company Holdings, Incorporated (TEPCO HD) This signing took place on Friday (12/15) in Tokyo, Japan by Dannif Danusaputro Chief Executive Officer Pertamina NRE and Chikara Kojima, Executive Vice President of TEPCO HD. The signing also coincided with the Asia Zero Emission Community (AZEC) activities.
This agreement clarifies the structure and schedule of collaboration activities that will be carried out further and stipulates that Pertamina NRE and TEPCO HD will work together for the first phase of projects, which are scheduled to start rolling in 2024. Pertamina NRE and TEPCO HD are preparing for the construction of hydrogen production facilities that are located In the Lahendong Geothermal Power Plant owned by PT Pertamina Geothermal Energy Tbk, a subsidiary of Pertamina NRE, located in North Sulawesi.
Previously on October 18, 2022, Pertamina NRE and TEPCO HD signed a joint study agreement for the development of hydrogen and green ammonia in the geothermal area of Lahendong, North Sulawesi. The joint study conducted by the two entities received support from Nedo, the Japanese National Research and Development Institute that encouraged the development of technology in order to build a sustainable community life.
“Clean hydrogen is one of Pertamina’s future businesses. We are very enthusiastic in collaborating with TEPCO as a global reputable partner for the development of green hydrogen and Green Ammonia. We are sure this collaboration will create significant values, especially in the efforts of energy transition and decarbonization,” said Dannif Danusaputro.
Chikara Kojima, Executive Vice President of TEPCO HD, said, “TEPCO HD has been producing hydrogen in Yamanashi’s prefecture since 2016 with a very up-to-date technological experience. We are very happy that our technology can be useful for decarbonization initiatives in Indonesia. Moreover, we work together with Pertamina NRE, a leading green energy company in Southeast Asia.
Hydrogen in this case is produced from the electrolysis process. Included in clean hydrogen include green renewable energy hydrogen such as geothermal. Clean hydrogen has a strategic role in energy transitions which can be a solution to fossil fuel for industries that are difficult to decarbonize products or production processes (hard-to-abate industry), such as oil refineries, steel industries, other heavy industries, and transportation heavy.
Pretamina NRE and TEPCO HD aim to contribute to the neutral carbon society by utilizing Indonesia’s abundant geothermal resources for hydrogen and ammonia production that is cost-effective and profitable.
Clean hydrogen development is one of the Pertamina NRE portfolios which is included in the future business pillars. The development of clean hydrogen will help Pertamina in monetizing its energy portfolio. Pertamina NRE also consistently shows the real commitment and action in supporting the decarbonization. Decarbonization efforts are part of the Net Zero Emission road map as well as a form of Pertamina’s commitment to implement ESG, which is running a responsible and sustainable business.
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.

December 17, 2023, detikFinance
(https://finance.detik.com/energi/d-7094069/pertamina-gandeng-jepang-buat-kembangkan-hidrogen-dan-amonia-rendah-karbon)

Indonesia has recorded twenty special economic areas. The twenty Special Economic Zone that operated successfully recorded success and contributed to the cumulative investment achievement until the IV quarter of 2023 of IDR 167.2 trillion and was able to open a new job of 113,038 people in a cumulative manner.
This was revealed by the Secretary of the Coordinating Ministry for Economic Affairs as Plt. Secretary General of the Special Economic Zone National Council Susiwijono Moegiarso in the National Economic Zone National Working Meeting at Sheraton Belitung Resort located in the Special Economic Zone Tanjung Kelayang, Belitung Regency, Bangka Belitung Islands Province, Tuesday (12/12/2023).
Susiwijono revealed that the Special Economic Zone is still able to sustain the Indonesian economy, indicated by various positive economic zone achievements ranging from the application of downstreaming, investment realization, to the addition of a significant number of business actors and employment.
“With the strengthening of the policies that apply in the Special Economic Zone that presents certainty, clarity, and ease of policy implementation, it is expected to improve the quality of the investment climate in the Special Economic Zone and encourage the increasing number of investors to enter the Special Economic Zone Indonesia, especially foreign investment,” said Susiwijono.
In the future, the central government, regional governments, and business actors will evaluate and formulate strategies to improve the performance of special economic zones to support national economic growth.
The implementation of the Special Economic Zone 2023 National Working Meeting at the Tanjung Kelayang Special Economic Zone became a forum for a Special Economic Zone stakeholder from all corners of Indonesia, including representatives.

December 13, 2023, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20231213143932-4-496943/jreng-total-investasi-20-kek-di-ri-capai-rp-167-t)

President Joko Widodo had made a national statement at the 2030 World Climate Action Summit (WCAS) which became a series of COP 28 UNFCCC agenda. On that occasion, Jokowi had delivered Indonesia’s achievements related to climate and the environment.
In the event, Jokowi had said that Indonesia had and continued to work hard to reach Net Zero Emission in 2060 or earlier as well as enjoying high economic growth, poverty, and inequality continued to be significantly reduced, as well as employment that continued to be created. Jokowi also emphasized that with all the limitations, Indonesia continued to reduce carbon emissions.
Jokowi said, in the midst of existing limitations, Indonesia has now also succeeded in reducing 42 percent emissions during 2020-2022. This has become one of the achievements that cannot be achieved by many countries in the world.
Other achievements in reducing carbon emissions, Indonesia also succeeded in optimizing the management of Forest and Other Land Use (FOLU) management. In addition, Indonesia continues to move to accelerate the transition of energy towards Renewable New Energy.
“In the case of Folu, Indonesia continues to maintain and expand mangrove forests and rehabilitate forests and land. Deforestation has also been successfully reduced at the lowest point in the last 20 years. The COP28 Climate Summit was held not as a place for ambition performances, but rather strengthened the implementation of each country,” Jokowi said Quoted from 20 seconds, Friday (12/8/2023).
Submitting the national statement made by Jokowi also reaped praise. He received appreciation from other countries. Jokowi also received appreciation in several forums related to the achievement of decreased emissions, particularly related to mangrove restoration and deforestation. For the first time, the delivery of COP UNFCCC National Statement was carried out in two separate rooms, with an audience divided into two. In addition, various side events and bilateral meetings were attended by delegates at the same time.
Then, in the delivery of National Statement in the Al Ghafat Plenary Room, Dubai City Expo, Dubai, Arab Emirates Association (PEA), last Friday (1/12), only the Head of State can enter together with two companions. The Indonesian delegation was only attended by Jokowi accompanied by the Minister of Environment and Forestry, Siti Nurbaya, and Deputy Foreign Minister, Pahala Mansury.
Related to information that says there is another delegation that does walk-out is not true at all. Minister of Environment and Forestry, Siti Nurbaya, explained that he and the Deputy Minister were present on all Jokowi’s agenda.
“International recognition to Indonesia is very positive. Likewise at bilateral meetings, which, Secretary General of the United Nations and Norway Prime Minister also appreciated the Progress of the Republic of Indonesia in the active initiative and the progress of climate action reduces emissions, especially in mangrove restoration as well as a reduction Last year until now, “said Siti.

December 7, 2023, detikNews
(https://news.detik.com/berita/d-7078518/jokowi-cop28-harus-jadi-ajang-perkuat-implementasi-bukan-ambisi)
(https://news.detik.com/berita/d-7076356/jokowi-dipuji-dunia-di-cop28-unfcc-terkait-capaian-ri)

PT PLN (Persero) and Subholding, PLN Nusantara Power (PLN NP) strengthened cooperation with Masdar, an energy company from the United Arab Emirates for the development of new and renewable energy in Indonesia. After successfully building Cirata Floating Solar Power Plant, PLN Nusantara Power together with Masdar agreed to study the potential to increase the capacity of the environmentally friendly power plant. In addition, PLN and Masdar also signed an MoU to explore the development of the energy business for the international market.
The agreement between PLN-Masdar and PLN NP-Masdar was signed on the sidelines of the Climate Change Conference of the National Unity of the Nation or COP28 in Dubai, UAE Saturday (2/12) with the Ambassador of the UAE for Indonesia Abdulla Salem Aldhahari and Minister of Energy and Infrastructure of the Law, Suhail Mohamed Al Mazrouei. Abdulla Salem Aldhaheri said that the MoU between PLN and Masdar was a continuation of bilateral cooperation between UAE and Indonesia. Especially for important sectors such as the development of new and renewable energy in Indonesia and exploration of energy business development for the international market.
“As we all know, this is a continuation of the good relations between the United Arab and Indonesia Emirates. The signing of this MoU is evidence of the importance of the EBT sector for us,” Aldhahahi said.
Meanwhile PLN Managing Director Darmawan Prasodjo explained, this collaboration would strengthen bilateral cooperation between Indonesia and the UAE. Furthermore, PLN together with Masdar hopes to continue his collaboration to increase new and renewable energy at the local and global levels. Darmawan also said that through the cooperation carried out between PLN NP and Masdar, it would review the exploration of the addition of installed capacity for Cirata Floating Solar Power Plant. This opportunity is very open considering that currently only 4% of the maximum 20% surface area of the lake is utilized.
“We will design a stable electrical system. We also build smart grids with Flexible Generation, Smart Control Center and Smart Distribution so that all can be handled, and this project can run well,” added Darmawan.
For information, Cirata Floating Solar Power Plant is the largest floating solar power plant in Southeast Asia, President Joko Widodo was inaugurated last November. As the largest floating solar power plant in Southeast Asia, Cirata Floating Solar Power Plant has a number of advantages.
First, cooperating with local experts, companies in the field of Electrification and Automation ABB succeeded in installing, testing, and operating Switchgear Primary Air Improvement of Medium Voltage (MV) In the first stage of the project which has a capacity of 192 Megawatt Peak (MWP) or nearly 30 times the capacity of the largest ‘floating fields’ in Europe is Alqueva Reservoir, Portugal.
Second, the anchor and mooring used in the Cirata Dam which reaches a depth of 100 meters is the deepest in the world. The existence of Cirata Floating Solar Power Plant is expected to avoid 214,000 tons of carbon dioxide emissions every year.
Third, Cirata Floating Solar Power Plant employs more than 1,400 local residents during the construction process, and records more than 2 million working hours without accidents.

December 4, 2023, detikFinance
(https://finance.detik.com/energi/d-7072302/di-cop28-dubai-pln-dan-masdar-jajaki-ekspansi-plts-terapung-cirata)
(https://finance.detik.com/energi/d-7082022/ri-punya-plts-terapung-terbesar-di-asia-tenggara-ini-keunggulannya)

The Indonesian government has entered into an agreement with 4 Singaporean companies to encourage investment growth in Special Economic Zones.
“The signing of three MoUs between the Singhasari Special Economic Zone and several companies in Singapore is a concrete manifestation of the enormous investment opportunities in the Special Economic Zone, especially in the fields of manufacturing, digital economy and education,” said Plt. Secretariat General of the National Council for Special Economic Zones, Susiwijono Moegiarso in a written statement, Thursday (30/11/2023)
The signing of the first MoU between BUPP Singhasari Special Economic Zone and Kydon Holdings for the development of EduTech, represented by Janice Chang. Edu Tech is a solution to achieve equality and expansion of access to education.
Furthermore, the signing of an MoU for partnership development with Doughwitt, related to fund management and investment activities in the technology and non-technology sectors. The next MoU is a collaboration between the Singhasari Special Economic Zone and Millet Holdings Pte. Ltd., and Timbre Group Pte. Ltd., for community empowerment through creation, marketing and joint investment in Indonesia.
Susiwijono added that investment opportunities in Indonesia are very large. Therefore, foreign companies can take advantage of this. “Indonesia has a lot to offer investors. We have the advantages of an economic trifecta, strong economic growth, a large population and a demographic bonus period, as well as abundant resources,” he said.
Indonesian Ambassador to Singapore Suryo Pratomo said that the cooperation between Indonesia and Singapore would bring together the interests of the two countries.
“I believe that today’s MoU signing event marks the start of your project and investment in the Special Economic Zone, but there are still many follow-up actions that need to be carried out in the near future,” said Suryo on the same occasion.

November 30, 2023, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20231130122631-4-493333/ri-jalin-kesepakatan-besar-dengan-4-perusahaan-singapura)

Bank Indonesia expands the cooperation between cross-border payment connectivity using the Indonesian Standard (QRIS) Quick Response Code. QRIS can later be used in the United Arab Emirates and Saudi Arabia.
The use of QRIS in Saudi Arabia according to Bank Indonesia Governor Perry Warjiyo said this could be useful for the Indonesian people who performed Umrah and Hajj to shop in the Holy Land. Similar to the United Arab Emirates, Perry Warjiyo said that his party had signed a memorandum of understanding or Memorandum of Understanding (MoU) with the United Arab Emirates. He said this would make it easier for Indonesian people who would be on vacation, for example to Dubai, they could shop using QRIS.
“We have just signed with the United Arab Emirates, so that later if we go to Dubai and all kinds can use QRIS. And now we are exploring Saudi Arabia, the Umrah, Hajj to use QRIS and BI Fast. That is the expansion of expansion,” Perry said in Birama 2023 event at the Bank Indonesia Office, Central Jakarta, Thursday (11/30/2023).
In addition, Bank Indonesia also plans to expand the implementation of QRIS to Japan, China to India. This is the increasing extent of the implementation of QRIS not only with countries in ASEAN.
“And QRIS BI Fast, so we have to expand. Not only to ASEAN four countries, but we are also talking to Japan, we can be a ceremony with China, and one more India,” he explained.
On a different occasion, the Executive Director of Bank Indonesia Communication Department Erwin Haryono explained, initially BI wanted to first work with Saudi Arabia. However, the system in the country is not ready for the implementation of QRIS. Therefore, the implementation of QRIS’s implementation with the United Arab Emirates, considering that many Indonesian migrant workers work in the country.
“I was going with Saudi Arabia because for those who are Hajj Umrah. But the system there is not ready. The United Arab Emirates were finally chosen first because they were ready first and many migrants there,” he explained.
Previously, Perry had revealed that QRIS would be expanded to a number of countries. After Singapore, said Perry, QRIS will be expanded to India, Japan, China, to the United Arab Emirates.
“Fifth, the expansion of the cooperation between QRIS and BI Fast in ASEAN. Also, to India, Japan, China, the United Arab Emirates and a number of other countries, integration with the Local Currency Transaction,” he said at the Annual Meeting of Bank Indonesia (PTBI) at Grha Bhasvara Icchana, Bank Indonesia (BI) Headquarters Complex, Central Jakarta, Wednesday (11/29/2023).
The plan is part of Bank Indonesia’s efforts to encourage a digital payment system in 2024. Bank Indonesia also targets the national financial economic acceleration.

November 30, 2023, detikFinance
(https://finance.detik.com/moneter/d-7065201/ri-arab-saudi-jajaki-kerja-sama-QRIS-bidik-jemaah-haji-umrah)
(https://finance.detik.com/moneter/d-7065087/ri-uea-teken-kerja-sama-QRIS-nanti-bisa-dipakai-di-dubai)

The Indonesian language was successfully established as the official language at the General Conference on the Organization of Education, Scientific, and Culture of the United Nations or UNESCO. The decision was determined at the Headquarters of UNESCO Paris, France, on Monday (11/20).
The Ambassador of the Republic of Indonesia to France-Andorra-Monako, Mohamad Oemar, stated that the determination made Indonesian the 10th official language recognized by the UNESCO General Conference. The other nine languages that are recognized are English, Arabic, Mandarin, French, Spanish, Russia, Hindi, Italy, and Portuguese.
“Indonesian has become a unifying force since the pre-independence period, especially through the Youth Pledge in 1928, so as to be able to connect various ethnic groups in Indonesia,” Oemar said.
The determination was marked by the adoption of a resolution of 42 C/28 consensus in the Plenary Session of the 42nd General Conference of UNESCO. Oemar mentioned that Indonesian, with more than 275 million speakers, was worldwide with the inclusion of the Indonesian language curriculum in 52 countries. And at present, there are at least 150 thousand foreign speakers who are active in Indonesian.
“Indonesia’s active leadership at the global level began since the Asian-African Conference in Bandung in 1955, which became the seeds of the formation of non-alignment groups. Indonesia has a strong commitment to continue leadership and positive contribution to the international world,” he said.
This contribution, he continued, was marked by collaboration with other countries in overcoming global challenges, through the role of Indonesia’s agriculture in the G20 forum in 2022 and ASEAN in 2023. He also emphasized that this recognition could increase awareness of Indonesian, as well as part of global efforts to develop inter -nation connectivity, strengthen cooperation with UNESCO, and part of Indonesia’s commitment to cultural development at the international level.
“Recognition of Indonesian as the official language of the UNESCO General Conference will have a positive impact on peace, harmony, and achievement of sustainable development goals not only at the national level, but also throughout the world,” he said.
The efforts of the Indonesian government to propose Indonesian as the official language of the UNESCO General Conference are one of the implementations of the mandate of Article 44 paragraph (1) of Law Number 24 of 2009 concerning the State Flag, Language, and Symbols, as well as the national anthem, which reads, “The government increases The function of Indonesian becomes an international language gradually, systematically, and sustainable. “
This proposal is also an effort of De Jure (based on law) so that the Indonesian language gets the official language status of an international institution, after de facto (based on facts), the Indonesian government has built Indonesian foreign speakers in 52 countries.

November 21, 2023, detikNews
(https://news.detik.com/berita/d-7047894/bahasa-indonesia-ditetapkan-jadi-bahasa-resmi-konferensi-umum-unesco)