Wednesday, December 11, 2024
Indonesia Business Post Media Group aims to promote Indonesia’s business transparency and investment opportunities to global companies and investors. We provide information on business intelligence and opportunities within Indonesian political changing-driven international business context.

A CELIOS study highlights the severe environmental impact of the food estate project in Merauke, Indonesia, with up to 2 million hectares of deforestation potentially emitting 782.45 million tons of CO₂, costing Rp47.73 trillion (US$3.007 billion). This deforestation could double Indonesia’s global carbon contribution from 2-3% to 3.96-4.96%, delaying its Net Zero Emission goal by 5-10 years. The project undermines climate goals, harms indigenous Papuans, and accelerates global warming. CELIOS urges a halt to the project and recommends sustainable, community-based economic models to reduce emissions, protect biodiversity, and enhance Indonesia’s global climate commitment.

Schneider Electric advances AI-ready data centers with NVIDIA, featuring liquid cooling for high-capacity workloads and the compact Galaxy VXL UPS. Focused on efficiency, renewable energy, and AI-driven insights, it aims to cut emissions and drive sustainability.

Indonesia and Norway have launched the fourth phase of their result-based contribution (RBC) partnership, with Norway committing $60 million (Rp952 billion) for Indonesia’s verified emission reductions in 2019-2020. This initiative supports Indonesia’s deforestation reduction and climate mitigation efforts under the Paris Agreement. Norway has contributed $216 million overall through the RBC scheme, recognizing Indonesia’s forest conservation progress. Indonesia aims to cut emissions by 31.89% by 2030 (up to 43.2% with international aid) and achieve FOLU Net Sink 2030, ensuring carbon absorption exceeds emissions. Both nations view the partnership as a model for global climate collaboration.

Indonesia’s 3M homes program attracts Qatar & UAE investors for 1M homes yearly. Key challenges—land, licensing, financing—are being addressed via a planned housing law. BP Tapera managed Rp8.12T by 2022, signaling strong investment potential to boost housing & economy.

Jatam demands action against Juanda Lesmana Lauw, owner of PT KPUC, for polluting Malinau River in North Kalimantan, disrupting water supplies to 14 villages after a 2021 dam collapse. Linked to political figures, Juanda leads the Mentarang Dam project, threatening displacement in 11 villages. Jatam highlights environmental and social risks, urging accountability.

PT Chandra Asri Pacific (TPIA) has signed an EPC contract with PT IKPT to expand its Butene-1 (B1) and MTBE plants by 25% in Banten, strengthening its position as Indonesia’s only producer of these chemicals. The 12-month project supports local industry, reduces imports, and contributes to national economic growth.

Image: @antaranews.com

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.

Image: @Bayan resource

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.

Image: @Tribunnews

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.

Image: @ajaib.co.id

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.

Schneider Electric, digital transformation company in energy management and automation, announces that it has accelerated its end-to-end artificial intelligence (AI)-enabled data center solutions to address energy and sustainability challenges resulting from the high demand for AI systems. […]
The government’s annual three million homes development program has lured the attention of foreign investors that Indonesia needs to soon have comprehensive set of regulations to support and protect their interests. […]
The Mining Advocacy Network (Jatam) asks the police to investigate Juanda Lesmana Lauw, owner of coal mining company PT Kayan Putra Utama Coal (KPUC), for alleged involvement in polluting the Malinau River in North Kalimantan province. […]
PT Chandra Asri Pacific (TPIA) has signed an EPC contract with PT Inti Karya Persada Tehnik (IKPT) to increase the production capacity of its B1 & MTBE plants by more than 25 percent, to strengthen its position as the only B1 and MTBE producer in Indonesia. […]

New opportunities

Indonesia is making significant strides toward developing nuclear power as part of its long-term energy strategy, with regulatory studies and preparations for Nuclear Power Plants (PLTN) establishment underway. […]
PT PLN Indonesia Power, in collaboration with Saudi investors, is set to develop a Floating Solar Power Plant (PLTS) in Lake Singkarak, Tanah Datar regency, West Sumatra, with an investment of Rp50 trillion (US$3.15 billion). […]
The Purnomo Yusgiantoro Center (PYC), an energy think tank, has emphasized that the development of bioethanol is not only a solution for energy security, but also offers significant opportunities for agricultural innovation. […]
Indonesia and Norway have launched the fourth phase of their result-based contribution (RBC) partnership, committing US$60 million (Rp952 billion) based on emission reductions achieved during the 2019-2020 period. […]
Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani emphasizes that Indonesia has great potentials and is the right business partner for multinational companies, in particular European ones. […]
Nvidia, a technology company from the United States, has set up an artificial intelligence (AI) research and development center and data center in Vietnam following an agreement signed on Thursday, December 5, 2024 in Hanoi, attended by Nvidia CEO Jensen Huang and Vietnamese Prime Minister […]
The Association of Indonesian Oil and Gas Companies (Aspermigas) assesses that the energy self-sufficiency target set by President Prabowo Subianto will be difficult to achieve if illegal drilling is still rampant. […]
President Joko Widodo said Indonesia aims to cut its fiscal deficit to less than 3% of its gross domestic product next year for the first time since 2019. […]
Indonesian government officials should remain vigilant against the potential threat to the state ideology, the nation’s peace and harmony, despite the decline in online radicalization following the defeat of the Islamic State of Iraq and Syria in the Middle East and worldwide. In an era […]
The program, dubbed the “Partnership for Global Infrastructure and Investment” (PGII), aims to mobilize $600 billion by 2027 in investments for infrastructure in developing countries with an emphasis on sustainable and secure development. Neither President Biden nor the White House fact sheet explicitly mentioned China […]
Governor of Bank Indonesia (BI) Perry Warjiyo gave the latest signal regarding the benchmark interest rate which is currently at its lowest level of 3.50 percent. According to Perry, the national economic condition is still conducive enough to continue the BI rate policy going forward. […]
Ex-terror convict Abu Bakar Ba’asyir, known as the spiritual leader of shadowy militant group Jemaah Islamiyah that aims to establish an Islamic state in Indonesia, did the unthinkable on Wednesday as he participated in the Independence Day ceremony at his boarding school in the Central […]