Tag Archives: development

Indonesia in Pursuit of Dutch Semiconductor Investors

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia is trying to get some investors to invest in its semiconductor industry, and Jakarta recently took a shot at attracting Dutch investors. The Dutch top diplomat, Hanke Bruins Slot, visited Jakarta on Tuesday to meet her Indonesian counterpart Retno Marsudi. With the Netherlands being home to a well-developed semiconductor industry, Indonesia took the opportunity to get some potential Dutch investment. According to Retno, the Netherlands is already a major investor in Indonesia. And the archipelagic country wants the Netherlands to further expand its investment into other sectors. “The Netherlands is the largest investor from Europe contributing more than $15.5 … Continue reading →

The Largest in the World, This is the Solution to Extend the Life of Indonesia’s Nickel Reserves

Indonesia3000: Indonesian Business Services Provider Posted on by

The Ministry of Energy and Mineral Resources (ESDM) claims that nickel commodity reserves in Indonesia are still the largest in the world or 23 percent of reserves on earth. This country’s nickel resources consist of 17.7 billion tonnes of ore and 177.8 million tonnes of metal, while its reserves total 5.2 billion tonnes of ore and 57 million tonnes of metal. In addition, there are a number of areas that are said to have nickel content, but have not been explored (greenfield). These areas are spread across the provinces of Southeast Sulawesi, Central Sulawesi, South Sulawesi, Maluku, North Maluku, Papua and West Papua. … Continue reading →

Industry Minister Discusses I-EU CEPA with French Trade Minister

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta – Industry Minister Agus Gumiwang Kartasasmita met Minister-Delegate, Foreign Trade, Economic Attractiveness, and French Nationals Abroad, Olivier Becht, to discuss progress of Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) negotiations, deforestation, carbon, and investment opportunities. The meeting took place on the sidelines of Kartasasmita’s working visits to France and Japan on October 2-6, 2023. “We conveyed the importance of collaboration in the I-EU CEPA to accelerate the completion of ongoing negotiations, so that both parties can immediately benefit from the agreement,” he noted in a statement on Thursday. He remarked that since 2016, negotiations on the I-EU CEPA … Continue reading →

Indonesia Reports 40 Consecutive Months of Trade Surplus

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia has continued its streak of trade surpluses, marking the 40th consecutive month of surplus in August, despite a narrowing trend, according to a report from the Central Statistics Agency (BPS) released on Friday. The trade surplus for August reached $3.12 billion, with total exports amounting to $21.9 billion and imports at $18.8 billion. “Indonesia has maintained a trade surplus for 40 consecutive months,” Acting BPS Head Amalia Adininggar Widyasanti said during a news conference in Jakarta. For the first eight months of the year, the trade surplus amounted to $24.34 billion, a significant drop of $10.55 billion compared to … Continue reading →

Indonesia-Netherlands Agree on Cooperation in Various Sectors

Indonesia3000: Indonesian Business Services Provider Posted on by

The Minister of Trade of the Republic of Indonesia, Zulkifli Hasan, attended a bilateral meeting attended by President Joko Widodo and the Prime Minister of the Netherlands, Mark Rutte, in New Delhi, India. The meeting which took place during the G20 Summit held in India on September 9 2023, the two countries discussed a number of important issues including the fields of development, economics, the process of registering Indonesia as a member of the Organization for Economic Co-operation and Development/OECD), as well as cooperation between ASEAN and the Netherlands. One of the main aspects discussed was cooperation in the energy … Continue reading →

Indonesia leading country in ASEAN food security: NFA

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta – Indonesia is a leading country in food security in the ASEAN region, Head of the National Food Agency (NFA) Arief Prasetyo Adi said at the ASEAN Business & Investment Summit (ABIS) here on Sunday. “We can be relied upon for the food sector in the ASEAN region,” Adi said. He said Indonesia has raised several issues that become concerns at the regional level, for instance, food security. The ABIS is a sideline event of Indonesia’s 2023 ASEAN Chairmanship’s ASEAN Business Advisory Council (ASEAN-BAC) and is currently hosted by the Indonesian Chamber of Commerce and Industry (Kadin) on September … Continue reading →

Indonesia’s Economy to Top 5 Percent in 2023: Central Bank

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta. Indonesia is forecast to see a robust economic growth of above 5 percent this year thanks to domestic consumption and investment, according to the country’s central bank. Indonesia’s economy rose 5.31 percent in 2022, quite a jump from the 3.7 percent growth that the current ASEAN chair had registered in the previous year. The country’s gross domestic product (GDP) will likely expand between 4.5 percent and 5.3 percent in 2023. GDP growth is expected to accelerate to 4.7 percent and 5.5 percent in 2024, Bank Indonesia data shows. “Indonesia is among the best-performing economies despite the global turbulence,” Bank Indonesia Governor Perry … Continue reading →

South Korea Working on Advertise for Jabodebek LRT, Investment of IDR 500 Billion

Indonesia3000: Indonesian Business Services Provider Posted on by

PT Kereta Api Indonesia (KAI) seeks to optimize the Jabodebek LRT assets to become another source of income. Recently, PT KA Wisata—a subsidiary of KAI—which partners with PT Megabox Glovis or MBOX Media, was appointed to manage advertising for a number of Jabodebek LRT assets. Some of the parts that will be utilized include: the indoor and outdoor station buildings , the train body, and other properties. MBOX Media is a subsidiary of Hyundai Asset Management Co., Ltd. from South Korea. In this collaboration, MBOX Media will invest IDR 500 billion. This figure may still increase in line with the addition of several strategic projects related to the company’s business. … Continue reading →

Indonesia, Switzerland to Ratify Bilateral Investment Treaty This Year

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta. Foreign Minister Retno Marsudi on Wednesday met her Swiss counterpart Ignazio Cassis to pursue a speedy process in the ratification of a bilateral investment pact as soon as this year. After seven rounds of negotiations since 2018, Indonesia and Switzerland last year inked a bilateral investment treaty set to better protect Swiss businesses when investing in Indonesia and vice versa. In a joint press conference after her meeting with Cassis, Retno said that Switzerland was Indonesia’s second-largest European investor in 2021. “To further boost investment partnership, I underlined the importance of ensuring the bilateral investment treaty can be ratified within … Continue reading →

RI’s Digital Economy Can Reach IDR 1,950 Trillion in 2025, This is the Motivator

Indonesia3000: Indonesian Business Services Provider Posted on by

The Financial Services Authority (OJK) projects that Indonesia’s digital economy in 2025 has the potential to reach US$130 billion or the equivalent of IDR 1,950 trillion (exchange rate of IDR 15,000). Bambang W. Budiawan, Deputy Commissioner for Supervision of Financing Institutions and Other Financial Services Institutions, revealed that the current contribution of the e-commerce sector in the country has reached US$59 billion or the equivalent of 80 percent of Indonesia’s digital economy. “In two years we will reach US$130 billion,” said Bambang at the Senayan Court, Jakarta, Friday (14/7/2023). This projection, he said, was driven by various innovations carried out by … Continue reading →