#Government
Energy transition in Indonesia needs more international supports
Indonesia has invited Scandinavian countries of Denmark, Finland, Norway and Sweden to invest in the new renewable energy sector in the country through the Indonesia-Nordic Energy Investment Day: Collaboration to Achieve Net Zero Emission Target. This is part of the Bali Compact G20 2022, where the host country sees that forging international partners is critical in the energy transition process, supports new economies and increases investment in net zero energy systems.
Sweden, Indonesia sign 10 points of cooperation
Sweden and Indonesia have agreed on 10 points of cooperation during Sweden-Indonesia Sustainable Partnership (SISP) 2022.
Sweden, Indonesia sign renewable cooperation agenda 2030
Sweden and Indonesia have committed to establish an agreement for Sustainable Development Goals and established the Agenda 2030 through the Sweden-Indonesia Sustainability Partnership 2022 (SISP). Both countries' representatives signed the partnership in Jakarta on December 5, 2022.
Developed countries called on to support sustainable infrastructure
Indonesian Finance Minister Sri Mulyani Indrawati has urged developed countries to rally support for sustainable infrastructure during the “Infrastructure Development Through Innovation and Collaborative Financing: Toward Greater Inclusivity and Productivity” event in Washington DC.
Kadin opens great investment opportunities between China, Indonesia
The Indonesian Chamber of Commerce and Industry (Kadin) has aimed at strengthening Indonesian business with China. Kadin has also committed to build partnerships in order to increase cooperation and prosperity between businesspeople and the government of both countries.
Ambassador invites Indonesian businesses to invest in Ukraine after war
Ukrainian Ambassador to Indonesia Vasyl Hamianin has invited Indonesian investors and business people to invest and assist in reconstructing the country following the ongoing war with Russia. Numerous public and private infrastructures - including factories, bridges, buildings, airports, and seaports - were destroyed during the war, which started in February.
China's coal-fired power plants should be terminated over public concerns
The government should terminate all captive coal-fired power plant projects funded by the Chinese Belt and Road Initiative (BRI) since the projects have yet to comply with China's commitment to cease the development of coal-fired power plants at home and overseas since September 2021. Ironically, several nickel-based industrial parks are powered by coal to produce nickel-based batteries for electric vehicles (EVs).
Economic growth projected to reach 5.3% in 2023
Coordinating Minister for Economic Affairs Airlangga Hartarto has expressed optimism that Indonesia's economy would still be going strong, with a predicted growth of 5% in 2023. His statement has been such a slight relief as the World Bank had said that the world might be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies.
Michelin allegedly involves in deforestation, intimidation against Jambi local community
French tire company Michelin's local subsidiary, PT Lestari Asri Jaya (LAJ), has been allegedly involved in deforestation and intimidation against local farmers although the company had secured green bonds.
Counting the days for minerals ore export total ban
The government has planned to issue a roadmap and a regulation to fully ban the export of several minerals ores like coppers, tins and bauxite next month. Minister of Investment/Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia said the government was discussing the regulation on the downstream industry system and the economic tree of the downstream industry of minerals.
Presidential candidates in bed with 'Nine Dragons'
Indonesia's wealthy conglomerates, popularly known as the "Nine Dragons", are taking a wait-and-see measure while analyzing the situation before making a decision which presidential candidate they will support in the 2024 general elections.
Polarization, identity politics continue to threaten democracy in 2024 general elections
With the current configuration of political coalitions and presidential candidates, experts believe that polarization and identity politics will threaten Indonesia's social harmony and democracy as the 2024 general elections approach.