Thursday, February 6, 2025

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.

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.

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.

RoClean Indonesia, a joint venture between DESMI RoClean A/S of Denmark and PT Meredian Khatulistiwa of Indonesia, joins the oil spill response equipment production in Indonesia. […]
Former Indonesian Central Bank (BI), Burhanuddin Abdullah, perceives that the Daya Anagata Nusantara (BPI Danantara) is the answer to the problem of low investment in the country. […]
GAPKI says that Indonesia needs to have extended oil palm plantations to meet the needs of the mandatory program of mixing fuel oil (BBM) and biofuel (BBN) by 50 percent or B50 up to B100. […]
A poll by KedaiKopi reveals that as many as 72.5 percent of the people surveyed were satisfied with the performance of the 100 days of the government of President Prabowo. […]

New opportunities

PT Pupuk Kujang, a subsidiay of State-owned fertilizer producer holding company PT Pupuk Indonesia, is conducting a trial production of green ammonia projected to replace coal in the power generation industry. […]
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands. […]
The Cirebon-1 Coal-fired Power Plant (PLTU), which is planned for early retirement, is estimated to attract investment worth US$198 million (Rp3.2 trillion) through the construction of a solar panel and electric battery factory. […]
President Prabowo Subianto invited the Indian government to invest in the infrastructure sector, with the South Asian country targeting potential investment in the port and airport sectors. […]
The Indonesian and Indian governments have formalized cooperation in the digital sector through the signing of a Memorandum of Understanding (MoU) between the Indonesian Ministry of Communication and Digital (Komdigi) and the Indian Ministry of Electronics and Information Technology. […]
The Embassy of the Republic of Indonesia in Tokyo recently discussed for potential  cooperation in the critical minerals sector between Indonesia and Japan. […]
State Power Utility PT PLN has taken the initiative, being the first Indonesian company, to get involved in international carbon trading. […]
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. […]