SINGAPORE
– Indonesia and the International Partners Group (IPG), led by the United
States and Japan, have jointly committed to establishing the Just Energy Transition
Partnership (JETP) during the 2022 G20 Summit in Bali, Indonesia. JETP aims to
accelerate a fair and gradual energy transition in Indonesia's electricity
sector. Through JETP, Indonesia pledges to reduce peak greenhouse gas emissions
to 290 metric tons of carbon dioxide (Mt CO2) by 2030, accelerate the share of
new and renewable energy (NRE) to 34 Mt CO2, and achieve Net Zero Emission
(NZE) by 2050. In support of Indonesia's goals, IPG members have promised
funding of $20 billion from the public and private sectors for energy
transition projects in Indonesia.

According
to Edo Mahendra, the Special Advisor to the Coordinating Minister for Maritime
and Investment Affairs of Indonesia, JETP has set targets to be achieved by
2030, including 250 Mt CO2 emissions (on-grid) and a 44 per cent share of
renewable generation. To meet these targets, an estimated $97.3 billion will be
required by 2030.

"In
2030, there will be over 400 priority projects, and we need an investment of
$66.9 billion," he stated during a presentation on the JETP Implementation
Phase and Indonesia Carbon at an investment forum held in Singapore on Friday
(8/12).

The
Comprehensive Investment and Policy Plan (CIPP) for the Indonesia Just Energy
Transition Partnership (JETP) has been released for public comment. The CIPP, a
"living document" requiring regular updates to reflect global trends
and national priorities, covers energy transition pathways, policy
recommendations, financing, and implementation.

“The
JETP website acts as the meta-monitoring platform for the public, facilitating
matchmaking between project developers and financiers. It also serves as a
dashboard to monitor and evaluate progress.”

Indonesia
is pursuing multiple carbon pricing mechanisms to capture value from emissions
reductions.

“The
carbon pricing mechanism is divided into two – market mechanism and non-market
mechanism. For market mechanisms, there is the Emission Trading System (ETS)
and offset carbon market.”

Edo
added that Indonesia aims to produce high-quality and high-integrity carbon
credit projects, with the benefits of spurring investment in emission
mitigation activities and low-carbon technology. The country also aims to
unlock opportunities from domestic and international entities seeking high-quality
carbon credits at a premium price and promote Indonesia as a global carbon
market hub.

“To
further develop its carbon market, Indonesia needs to focus on three key
pillars. First, opening the Indonesian carbon market for carbon credits from
projects in Indonesia and other countries and exploring the potential for
cooperation for derivative products. Secondly, collaboration with
internationally accredited carbon standards to ensure mutual recognition of
various traded carbon credits and to build quality of the human capital that
manages the Indonesian carbon market.”

According
to Edo, the last crucial aspect is technology, “Using technology that can
maintain the integrity, security, and transparency of carbon transactions, such
as blockchain,” he concluded.

JETP has set targets to be achieved by 2030, including 250 Mt CO2 emissions (on-grid) and a 44 per cent share of renewable generation. To meet these targets, an estimated $97.3 billion will be required by 2030.SINGAPORE
– Indonesia and the International Partners Group (IPG), led by the United
States and Japan, have jointly committed to establishing the Just Energy Transition
Partnership (JETP) during the 2022 G20 Summit in Bali, Indonesia. JETP aims to
accelerate a fair and gradual energy transition in Indonesia's electricity
sector. Through JETP, Indonesia pledges to reduce peak greenhouse gas emissions
to 290 metric tons of carbon dioxide (Mt CO2) by 2030, accelerate the share of
new and renewable energy (NRE) to 34 Mt CO2, and achieve Net Zero Emission
(NZE) by 2050. In support of Indonesia's goals, IPG members have promised
funding of $20 billion from the public and private sectors for energy
transition projects in Indonesia.According
to Edo Mahendra, the Special Advisor to the Coordinating Minister for Maritime
and Investment Affairs of Indonesia, JETP has set targets to be achieved by
2030, including 250 Mt CO2 emissions (on-grid) and a 44 per cent share of
renewable generation. To meet these targets, an estimated $97.3 billion will be
required by 2030."In
2030, there will be over 400 priority projects, and we need an investment of
$66.9 billion," he stated during a presentation on the JETP Implementation
Phase and Indonesia Carbon at an investment forum held in Singapore on Friday
(8/12).The
Comprehensive Investment and Policy Plan (CIPP) for the Indonesia Just Energy
Transition Partnership (JETP) has been released for public comment. The CIPP, a
"living document" requiring regular updates to reflect global trends
and national priorities, covers energy transition pathways, policy
recommendations, financing, and implementation.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/328f532ded9d5af5916a2097e658aab2fe03b38992851d62f0570b4bf49d5d2a/WhatsApp%20Image%202023-12-11%20at%2020.34.27.jpeg" alt="Image" />“The
JETP website acts as the meta-monitoring platform for the public, facilitating
matchmaking between project developers and financiers. It also serves as a
dashboard to monitor and evaluate progress.”Indonesia
is pursuing multiple carbon pricing mechanisms to capture value from emissions
reductions.“The
carbon pricing mechanism is divided into two – market mechanism and non-market
mechanism. For market mechanisms, there is the Emission Trading System (ETS)
and offset carbon market.”Edo
added that Indonesia aims to produce high-quality and high-integrity carbon
credit projects, with the benefits of spurring investment in emission
mitigation activities and low-carbon technology. The country also aims to
unlock opportunities from domestic and international entities seeking high-quality
carbon credits at a premium price and promote Indonesia as a global carbon
market hub.“To
further develop its carbon market, Indonesia needs to focus on three key
pillars. First, opening the Indonesian carbon market for carbon credits from
projects in Indonesia and other countries and exploring the potential for
cooperation for derivative products. Secondly, collaboration with
internationally accredited carbon standards to ensure mutual recognition of
various traded carbon credits and to build quality of the human capital that
manages the Indonesian carbon market.”According
to Edo, the last crucial aspect is technology, “Using technology that can
maintain the integrity, security, and transparency of carbon transactions, such
as blockchain,” he concluded.

Politics / Government / Local government

Government offices / organizations

JETP has set targets to be achieved by 2030, including 250 Mt CO2 emissions (on-grid) and a 44 per cent share of renewable generation. To meet these targets, an estimated $97.3 billion will be required by 2030.

Indonesia aims to Develop High-Quality and High-Integrity Carbon Credit Projects

SINGAPORE -&nbsp; Indonesia is
poised to enter a transitional phase in 2024 before embarking on a new era in
the 2025-2045 national long-term development. According to the Acting Head of
the Central Statistics Agency, Amalia Adininggar Widyasanti, Indonesia's
economic growth remains fairly stable amid the ongoing global uncertainties.
Fundamentally, Indonesia's economy is in robust shape compared to the economic
crisis of 1998. This fundamental strength will serve as a significant asset for
accelerated progress in the upcoming period.

"We believe that amidst the
geopolitical upheavals triggered by the Ukraine-Russia conflict, followed by
the current Israel-Palestine situation, and global threats to energy and food
prices, Indonesia's economy remains solid. The macroeconomic management, both
fiscal and monetary, is well-coordinated between the central and regional
governments. We can maintain stable growth at around five per cent," she
stated during an investment forum themed "Investment Trends in Indonesia
2024 and Green Economic Opportunities" in Singapore on Friday (8/12).

Amalia mentioned that the vision
for Indonesia Emas 2045 will soon be enshrined in law, serving as a guide for
all stakeholders in Indonesia.

"We also need to build
ownership among the people so that this vision can be a source of pride and a
shared dream. So that when it is achieved, it will be a source of pride for all
of us. Not only for the Indonesian people but also for investors contributing
to this vision."

To achieve this goal, Amalia
pointed out the need for an additional one per cent in Indonesia's economic
growth.

"This one per cent means we
have to find new sources of economic growth. We will continue to promote
industrialization, and downstream will not stop. Downstreaming is not only in minerals
and mining but also in agro-based and ocean-based sectors."

Amalia is confident that with
these new approaches to managing Indonesia's economy, the target of six per
cent growth can be achieved.

In the same event, addressing
more than 200 forum participants, the Minister of Investment/Head of BKPM,
Bahlil Lahadalia, stated that the investment climate in Indonesia is evolving,
and Indonesia remains open to collaborating with investors from Singapore to
invest in Indonesia. Bahlil also emphasized that Indonesia does not provide
special facilities for specific countries only but is open to all investors
from various nations.

"I know that Indonesia is
facing a political year, but we are confident that politics will not disturb
the investment climate in Indonesia. The government is facilitating business
permits through the OSS Indonesia application for free," he
expressed.

Indonesia is poised to enter a transitional phase in 2024 before embarking on a new era in the 2025-2045 national long-term development. SINGAPORE -&nbsp; Indonesia is
poised to enter a transitional phase in 2024 before embarking on a new era in
the 2025-2045 national long-term development. According to the Acting Head of
the Central Statistics Agency, Amalia Adininggar Widyasanti, Indonesia's
economic growth remains fairly stable amid the ongoing global uncertainties.
Fundamentally, Indonesia's economy is in robust shape compared to the economic
crisis of 1998. This fundamental strength will serve as a significant asset for
accelerated progress in the upcoming period."We believe that amidst the
geopolitical upheavals triggered by the Ukraine-Russia conflict, followed by
the current Israel-Palestine situation, and global threats to energy and food
prices, Indonesia's economy remains solid. The macroeconomic management, both
fiscal and monetary, is well-coordinated between the central and regional
governments. We can maintain stable growth at around five per cent," she
stated during an investment forum themed "Investment Trends in Indonesia
2024 and Green Economic Opportunities" in Singapore on Friday (8/12).Amalia mentioned that the vision
for Indonesia Emas 2045 will soon be enshrined in law, serving as a guide for
all stakeholders in Indonesia."We also need to build
ownership among the people so that this vision can be a source of pride and a
shared dream. So that when it is achieved, it will be a source of pride for all
of us. Not only for the Indonesian people but also for investors contributing
to this vision."To achieve this goal, Amalia
pointed out the need for an additional one per cent in Indonesia's economic
growth."This one per cent means we
have to find new sources of economic growth. We will continue to promote
industrialization, and downstream will not stop. Downstreaming is not only in minerals
and mining but also in agro-based and ocean-based sectors."Amalia is confident that with
these new approaches to managing Indonesia's economy, the target of six per
cent growth can be achieved.In the same event, addressing
more than 200 forum participants, the Minister of Investment/Head of BKPM,
Bahlil Lahadalia, stated that the investment climate in Indonesia is evolving,
and Indonesia remains open to collaborating with investors from Singapore to
invest in Indonesia. Bahlil also emphasized that Indonesia does not provide
special facilities for specific countries only but is open to all investors
from various nations."I know that Indonesia is
facing a political year, but we are confident that politics will not disturb
the investment climate in Indonesia. The government is facilitating business
permits through the OSS Indonesia application for free," he
expressed.

Indonesia is poised to enter a transitional phase in 2024 before embarking on a new era in the 2025-2045 national long-term development. 

Indonesian Government Calls on Citizens  to Support the Vision of Indonesia Emas 2045

The Indonesian government remains
committed to advancing the green economy as part of its vision for Indonesia
Emas 2045. According to Reza Yamora Siregar, the Special Staff to the
Minister Coordinator for Economic Affairs, Indonesia boasts abundant resources
ranging from geothermal and solar to hydropower.

"Green economy is our
commitment to the international community. (However), the government also
supports the blue economy as part of what we will promote in the future,
encompassing activities related to the sea such as tourism, transportation,
marine products including fisheries industry, storage systems, transportation
systems, shipping lines, and more," stated Reza during an investment forum
themed "Investment Trends in Indonesia 2024 and Green Economic
Opportunities" in Singapore on Friday (8/12).

He noted that Indonesia's economy
has consistently grown by five percent, even though it experienced a downturn
in 2020 due to the pandemic. However, since the first quarter of 2021, growth
has returned to five percent.

"What initiatives will lead
us to achieve 6 to 7 percent? Make it stronger. We have growth targets, poverty
targets, and quality market targets."

Reza explained that Indonesia's
current investment phase focuses on hard infrastructure due to the massive
construction projects, meeting domestic needs for airports, ports, and roads,
making the government's current emphasis on building physical infrastructure.

"In the second phase, we
will move on to soft infrastructure, namely digitalization. The challenge
toward a green economy is how to transform coal-based energy into less-polluted
forms. Because there are low-pollution grades of coal. We are entering into
that before moving on to renewable energy."

During his presentation at the
seminar, Reza added that infrastructure development supporting investment in
Indonesia is an ongoing process. He emphasized that it cannot be influenced by
future political conditions because investment is long-term and requires
commitment.

"The investments we have
made are multi-year, cannot just stop here. Regardless of the government, they
must respect this. We have also reformed laws in many sectors through the
Omnibus Law," he explained.

As known, Indonesia and the
International Partners Group (IPG), led by the United States and Japan,
declared a joint commitment to form the Fair Energy Transition Partnership
(JETP) at the 2022 G20 Summit in Bali, Indonesia. JETP aims to accelerate a
fair and gradual energy transition in Indonesia's electricity sector. Through
JETP, Indonesia pledged to reduce peak greenhouse gas emissions to 290 metric
tons of carbon dioxide (Mt CO2) by 2030, accelerate the share of new and
renewable energy (NRE) to 34 Mt CO2, and achieve Net Zero Emission (NZE) by
2050. In support of Indonesia's goals, IPG members have promised funding of $20
billion from the public and private sectors for energy transition projects in
Indonesia."

The Indonesian government remains committed to advancing the green economy as part of its vision for Indonesia Emas 2045The Indonesian government remains
committed to advancing the green economy as part of its vision for Indonesia
Emas 2045. According to Reza Yamora Siregar, the Special Staff to the
Minister Coordinator for Economic Affairs, Indonesia boasts abundant resources
ranging from geothermal and solar to hydropower."Green economy is our
commitment to the international community. (However), the government also
supports the blue economy as part of what we will promote in the future,
encompassing activities related to the sea such as tourism, transportation,
marine products including fisheries industry, storage systems, transportation
systems, shipping lines, and more," stated Reza during an investment forum
themed "Investment Trends in Indonesia 2024 and Green Economic
Opportunities" in Singapore on Friday (8/12).<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/ae66706ac460f43bee940601aeb3fdb575348cee360ab86c6ab39e5ac98598d4/WhatsApp%20Image%202023-12-09%20at%2020.42.37%20%281%29.jpeg" alt="Image" />He noted that Indonesia's economy
has consistently grown by five percent, even though it experienced a downturn
in 2020 due to the pandemic. However, since the first quarter of 2021, growth
has returned to five percent."What initiatives will lead
us to achieve 6 to 7 percent? Make it stronger. We have growth targets, poverty
targets, and quality market targets."Reza explained that Indonesia's
current investment phase focuses on hard infrastructure due to the massive
construction projects, meeting domestic needs for airports, ports, and roads,
making the government's current emphasis on building physical infrastructure."In the second phase, we
will move on to soft infrastructure, namely digitalization. The challenge
toward a green economy is how to transform coal-based energy into less-polluted
forms. Because there are low-pollution grades of coal. We are entering into
that before moving on to renewable energy."During his presentation at the
seminar, Reza added that infrastructure development supporting investment in
Indonesia is an ongoing process. He emphasized that it cannot be influenced by
future political conditions because investment is long-term and requires
commitment."The investments we have
made are multi-year, cannot just stop here. Regardless of the government, they
must respect this. We have also reformed laws in many sectors through the
Omnibus Law," he explained.As known, Indonesia and the
International Partners Group (IPG), led by the United States and Japan,
declared a joint commitment to form the Fair Energy Transition Partnership
(JETP) at the 2022 G20 Summit in Bali, Indonesia. JETP aims to accelerate a
fair and gradual energy transition in Indonesia's electricity sector. Through
JETP, Indonesia pledged to reduce peak greenhouse gas emissions to 290 metric
tons of carbon dioxide (Mt CO2) by 2030, accelerate the share of new and
renewable energy (NRE) to 34 Mt CO2, and achieve Net Zero Emission (NZE) by
2050. In support of Indonesia's goals, IPG members have promised funding of $20
billion from the public and private sectors for energy transition projects in
Indonesia."

The Indonesian government remains committed to advancing the green economy as part of its vision for Indonesia Emas 2045

Intensifying the Green Economy,  Indonesian Government Explores Blue Economy Development

SINGAPORE —
Entering the political year in Indonesia in 2024, the Ministry of
Investment/Investment Coordinating Board (BKPM) organized an Investment Forum,
Friday (8/12), in Singapore, focusing on the theme "Indonesia's Investment
Trends 2024 and Green Economic Opportunities." The forum featured the
Minister of Investment/Head of BKPM Bahlil Lahadalia and the Indonesian
Ambassador to Singapore, Suryo Pratomo, as key speakers.

In front of
more than 200 forum participants, Minister Bahlil stated that the investment
climate in Indonesia is continually growing, and the country remains open to
collaborating with investors from Singapore to invest in Indonesia. He
emphasized Indonesia's openness to investors from all countries, not offering
special privileges to specific nations. 

“Despite
facing political events, I am confident that politics wouldn't hinder
investments and the government will keep facilitating business permits through
the Online Single Submission (OSS) Indonesia application," said Bahlil.

Indonesian
Ambassador to Singapore Suryo Pratomo added that Indonesia, rich in natural
resources, holds great potential. However, he stressed the importance of
focusing on environmentally sustainable industries and ensuring well-being for
future generations. 

“The
government is committed to reducing greenhouse gas emissions, promoting
renewable energy sources, and preserving internationally recognized natural
resources. We have embarked on ambitious steps to become one of the global
leaders in the environmentally friendly economy," emphasized Suryo.

The panel
discussion session featured Deputy for Investment Promotion of the Ministry of
Investment/BKPM Nurul Ichwan, Deputy for Economic Affairs of the Ministry of
National Development Planning/National Development Planning Agency
(PPN/Bappenas) Amalia Adininggar Widyasanti, Economic Advisor to the
Coordinating Minister for Economic Affairs Reza Yamora Siregar, Maritime and
Investment Advisor to the Coordinating Minister Edo Mahendra, and Chief
Economist of Bank Mandiri Andry Asmoro.

Singapore
has been the largest Foreign Direct Investment (FDI) source for Indonesia in
the last three years, with significant investments totalling USD 12.1 billion
from January to September 2023. 

Dominant
sectors include basic metal industries (USD 11.3 billion), transportation and
warehousing, and telecommunications (USD 7.9 billion), as well as real estate,
industrial zones, and housing (USD 7.8 billion). The primary investment
destinations are DKI Jakarta (USD 12.4 billion), Central Sulawesi (USD 6.5
billion), and West Java (USD 6 billion).

Entering the political year in Indonesia in 2024, the Ministry of Investment/Investment Coordinating Board (BKPM) organized an Investment Forum, Friday (8/12), in Singapore, focusing on the theme "Indonesia's Investment Trends 2024 and Green Economic Opportunities." The forum featured the Minister of Investment/Head of BKPM Bahlil Lahadalia and the Indonesian Ambassador to Singapore, Suryo Pratomo, as key speakers.SINGAPORE —
Entering the political year in Indonesia in 2024, the Ministry of
Investment/Investment Coordinating Board (BKPM) organized an Investment Forum,
Friday (8/12), in Singapore, focusing on the theme "Indonesia's Investment
Trends 2024 and Green Economic Opportunities." The forum featured the
Minister of Investment/Head of BKPM Bahlil Lahadalia and the Indonesian
Ambassador to Singapore, Suryo Pratomo, as key speakers.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/3a559d580c48de46055fbc6e5e990d2399ae61d842a62ce44a76989cb17455dc/WhatsApp%20Image%202023-12-09%20at%2020.42.36.jpeg" alt="Image" />In front of
more than 200 forum participants, Minister Bahlil stated that the investment
climate in Indonesia is continually growing, and the country remains open to
collaborating with investors from Singapore to invest in Indonesia. He
emphasized Indonesia's openness to investors from all countries, not offering
special privileges to specific nations. <img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/de04a721e3883de79f4470ea584f3b7c5cc1d3c1572c2f2130d189ec6aabc9a5/WhatsApp%20Image%202023-12-09%20at%2020.42.38.jpeg" alt="Image" />“Despite
facing political events, I am confident that politics wouldn't hinder
investments and the government will keep facilitating business permits through
the Online Single Submission (OSS) Indonesia application," said Bahlil.Indonesian
Ambassador to Singapore Suryo Pratomo added that Indonesia, rich in natural
resources, holds great potential. However, he stressed the importance of
focusing on environmentally sustainable industries and ensuring well-being for
future generations. “The
government is committed to reducing greenhouse gas emissions, promoting
renewable energy sources, and preserving internationally recognized natural
resources. We have embarked on ambitious steps to become one of the global
leaders in the environmentally friendly economy," emphasized Suryo.The panel
discussion session featured Deputy for Investment Promotion of the Ministry of
Investment/BKPM Nurul Ichwan, Deputy for Economic Affairs of the Ministry of
National Development Planning/National Development Planning Agency
(PPN/Bappenas) Amalia Adininggar Widyasanti, Economic Advisor to the
Coordinating Minister for Economic Affairs Reza Yamora Siregar, Maritime and
Investment Advisor to the Coordinating Minister Edo Mahendra, and Chief
Economist of Bank Mandiri Andry Asmoro.Singapore
has been the largest Foreign Direct Investment (FDI) source for Indonesia in
the last three years, with significant investments totalling USD 12.1 billion
from January to September 2023. Dominant
sectors include basic metal industries (USD 11.3 billion), transportation and
warehousing, and telecommunications (USD 7.9 billion), as well as real estate,
industrial zones, and housing (USD 7.8 billion). The primary investment
destinations are DKI Jakarta (USD 12.4 billion), Central Sulawesi (USD 6.5
billion), and West Java (USD 6 billion).<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/30753a5a2f401df79d8faf1bea41bc19fe177b9adaf1857164c7c527b4e6fc1f/WhatsApp%20Image%202023-12-09%20at%2020.42.37%20%281%29.jpeg" alt="Image" />

Environment / SGDs / Recycling

Entering the political year in Indonesia in 2024, the Ministry of Investment/Investment Coordinating Board (BKPM) organized an Investment Forum, Friday (8/12), in Singapore, focusing on the theme "Indonesia's Investment Trends 2024 and Green Economic Opportunities." The forum featured the Minister of Investment/Head of BKPM Bahlil Lahadalia and the Indonesian Ambassador to Singapore, Suryo Pratomo, as key speakers.

The General Election to not Disrupt the Investment Climate in Indonesia

HR / Recruitment

Skin care / Cosmetics / Hair products

Internet service

Film / Drama

Magazines / Books / Publications

Marketing / Research

Diet / Health food / Supplement

Childbirth / Childcare

Interior / Furniture / Storage

Mobile device

Servers / Peripherals

Network / Network Equipment

System / Website / Application development

Electronic components / Semiconductors / Electrical equipment

Department stores / Supermarkets / Convenience stores / Stores

Wholeseller

Manga / Anime

Arcade Game

Toys / Playsets / Dolls

Car / Car Supplies

Motorcycles / Motorcycle Supplies

Daily necessities / Household goods

Garden / DIY

Shoes / Bags

Jewelry / Accessories

Kids / Baby / Maternity

Food / Sweets

Soft Drinks / Alcoholic drinks

Restaurant / Fast food / Streetfood

Eating at home / Delivery

Fitness / Healthcare

Medical / Hospital

Pharmaceuticals

Pets / Pet Supplies

Gifts / Flowers

Love / Marriage

Funeral

Hotels / inns

Travel / Sightseeing

Theme Park / Amusement park

Residential / Condominium

Commercial facilities / Office buildings

Architecture / Space design

Construction / Civil engineering

Advertising / Promotion / PR

Sales

Management Consulting

Think tank

Legal / Patent / Intellectual Property

Logistics / Warehouse / Cargo

Steel / Metal / Glass / Earth / Stone / Rubber

Chemistry

Electricity / Gas / Resources / Energy

Nature / Weather

School / University

Cram school / Preparatory school / Online education

Life insurance / Non-life insurance

Mobile app

Mobile games

Cooking / Home appliances

Health and Beauty appliances

Application

Ladies' Fashion

Men's Fashion

Accounting

International activity

Full time job / Part-time job / Career

E-commerce

Music

Internet Service Provider / Line connection

Camera

AV equipment

Consumer Games

Outdoors / Mountain Climbing

Welfare / Nursing / Rehabilitation

Qualifications / Study Abroad / Language

Childcare / Early childhood education

Banks / Credit unions

Credit card / Loan

Securities / FX / Investment Trusts

Moving

Volunteer

Agriculture / Forestry / Fisheries

Bicycle / Bicycle Supplies

Female Related

Venture Capitals

Coaching / Mentoring / Consultation

Automotive / Motorcycle / Bicycle

Automotive / Automotive Supplies

Interior / Goods

Real Estate / Architecture / Construction

Software

Blockchain / Web3

Security

Telecommunications / VoIP

Show Business

Comedy

Service

BKPM or Indonesian Investment Coordinating Board is a Government Agency, which in charge of implementing policy and service coordination in investment in accordance with the provisions of the regulations. As the primary interface between business and government, BKPM is mandated to boost domestic and foreign direct investment through creating a conducive investment climate. Restored to ministry level status in 2009, and reporting directly to the President of the Republic of Indonesia, this investment promotion agency’s goal is not only to seek more domestic and foreign investment but also seek quality investments that may drive the Indonesian economy and absorb a lot of manpower.

Established in 1973, BKPM replaced the functions that previously undertaken by the Investment Technical Committee, a Government Institution which was established in 1968. In its organizational structure, BKPM is led by a Chairman, in accordance with the Chairman of BKPM Regulation no. 90/2007. Since October 2019, BKPM is chaired by Bahlil Lahadalia.

In April 2021 the President officially appointed Bahlil Lahadalia as the Minister of Investment/ Chairman of BKPM also marked the change BKPM’s nomenclature to be the Ministry of Investment/BKPM based on Presidential Regulation no. 31 of 2021. The Ministry of Investment/BKPM will be the focal point for connecting all investment sectors from the technical ministries. As the main link between business and government, the ministry is responsible for creating a conducive investment climate in Indonesia.

Indonesian Investment Coordinating Board (BKPM)