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WWF Indonesia’s Signing Blue initiative has partnered with 100 marine tourism companies to promote sustainability and boost Indonesia’s blue economy. At a meeting on Feb 2, 2025, in Bali, stakeholders discussed responsible marine tourism. Launched in 2015, Signing Blue aligns with Global Sustainable Tourism Council (GSTC) standards and has improved responsible practices by 24%. The Marine Tourism Improvement Program (MTIP) aids members in sustainable management.
PT Pertamina’s Independent Energy Village (DEB) Program supports rural energy and food self-sufficiency, benefiting 35,746 families. It produces clean energy, reduces CO2 emissions, boosts rice production, and cuts energy costs, advancing Indonesia’s NZE 2060 goal.
President Prabowo Subianto confirmed the continuation of the Nusantara Capital City (IKN) project in East Kalimantan, allocating Rp48.8 trillion (US$3 billion) for 2025-2029. After a Cabinet meeting on Feb 3, 2025, Coordinating Minister AHY announced the decision, emphasizing ongoing adjustments to the budget. The IKN Authority’s 2025 budget remains at Rp6.3 trillion, supplemented by Rp8.1 trillion. Budget savings under Presidential Instruction No. 1/2025 initially proposed cuts, but officials assured adjustments to maintain funding. The government aims to finalize plans soon to ensure timely development.
OJK boosts crypto literacy to enhance investor understanding and industry growth. With regulatory duties shifting from Bappebti in 2025, OJK ensures stability, innovation, and protection. Strong regulations, oversight, and responsible development are key priorities.
Minister Bahlil Lahadalia supports steamflood EOR to boost oil production, emphasizing innovation for national energy security. PT Pertamina Hulu Rokan (PHR) launched its EOR project ahead of schedule, with SKK Migas approval and a target of 15 injectors by June 2025. The government fully backs PHR’s efforts to enhance oil output, vital for Indonesia’s energy sovereignty.
Minister Maman Abdurrahman set a sales target of Rp100 billion (US$6.3 million) for INACRAFT 2025, held from February 5-9 at the Jakarta Convention Center. The event aims for US$1.5 million in international trade contracts, featuring 1,100 MSMEs. Maman emphasized MSME support through financing, marketing, and training, aligned with Indonesia’s 8% economic growth target.
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) – which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan – has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion – or 74.4% of the target – both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company’s recurring income through managed services business model.