#International
Freeport-McMoRan in talk with government on permit extension
PT Freeport Indonesia (PTFI) is seeking for an early extension of its special mining permit in Papua when the existing permit expires in 2041. Chief Executive Officer of Freeport-McMoRan Copper & Gold Inc., Richard Adkerson, said the company was having a discussion with President Joko "Jokowi" Widodo and the Indonesian government on how to deal with Freeport's resources after 2041.
Indonesia, South Korea strengthen economic cooperation through IKCEPA, RCEP
Indonesia and South Korea continue to strengthen their economic cooperation as both countries have ratified the Indonesia-Korea Comprehensive Economic Partnership Agreement (IKCEPA) and the Regional Comprehensive Economic Partnership (RCEP) agreement.
Waskita Karya to build infrastructure, partner on oil industry with South Sudan
State-owned construction company PT Waskita Karya has made progress on its deal to build infrastructure in South Sudan through the Ministry of Foreign Affairs. On the sidelines of the 77th UN General Assembly Session in New York on September 20, 2022, Indonesia's Foreign Minister Retno Marsudi and South Sudan’s Deputy Minister of Foreign Affairs, Deng Dau Deng Malek signed a joint communique with South Sudan to partner in building infrastructure and on the oil industry. Meanwhile, Waskita and South Sudan's Ministry of Infrastructure signed the IDR 25 trillion cooperation contract.
Pindad international deals, from UNIFIL mission to strong collaboration with UAE, French
Indonesia’s Garuda Contingent uses its Pindad SS2 riffle for the United Nations Interim Force in Lebanon (UNIFIL) joint shooting exercise with Finnish peacekeepers using its Valmet RK 62/M76. Indonesia has since conducted UN peacekeeping mission in Lebanon following the Lebanon War in 2006.
G20 Summit targets: Responding to food crisis, clean energy
The world is now facing the risk of a global food security crisis. Global markets for food, fertilizer and fuel are thus extremely nervous. Of course, market forces could solve such a crisis, but only by driving food prices higher and forcing hundreds of millions of households into possible hunger and starvation.
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.
Regulation on PSE solidifies as big tech companies register their services
Indonesia’s censorship and tight internet regulation mission continue with the implementation of the ministry of communication and informatics' Ministerial Regulation no. 5/2020 on Private Electronic System Operators (PSE).
Vale Indonesia, China's Huayou develop nickel smelter in South Sulawesi
Nickel mining company PT Vale Indonesia Tbk has agreed to collaborate with China's Zhejiang Huayou Cobalt Co. Ltd. to develop a smelter with High Pressure Acid Leaching (HPAL) technology in Sorowako, South Sulawesi. The two companies’ cooperation has started early this year. Huayou conducted the feasibility study, which has resulted in a positive outcome.
Indonesia's efforts to protect its natural resource reserves facing resistance from EU, WTO
The Indonesian government's policy to stop crude nickel exports since 2019 apparently has had a positive impact on state revenues as it has increased by 19 times. Nickel itself is the dominant component in electric batteries. It is undeniable that in recent years battery has become a more important item due to the increasing production of a variety of gadgets to new technologies for electric car.
Jokowi’s maritime ambitions
Indonesian President Joko "Jokowi" Widodo met with Chinese President Xi Jinping in China on July 26, 2022. Given Beijing's rigorous zero-COVID-19 policy, the meeting came as a surprise.
Russia's offers cheap oil to Indonesia sparks pro and contra issues
Tourism and Creative Economy Minister Sandiaga Salahuddin Uno said that Russia offered Indonesia 30 percent lower oil prices than the international market and that India had previously purchased the oil from Russia. Sandiaga said President Jokowi wanted to accept the offer but several ministers refused because purchasing Russian oil would result in a U.S. embargo.
Indonesia establishes largest sharia financial center in ASEAN despite lack of customers
Indonesia will have the largest Islamic Financial Center in ASEAN with the topping of the Syariah Tower in Pantai Indah Kapuk (PIK) 2 in North Jakarta on August 23, 2022. It is, somehow, contradicts to the fact that majority Muslims in Indonesia still use conventional banking, instead of sharia banking.