Indonesia’s Investment Outlook 2024 & Green Economy Opportunities: Singapore hosts BKPM Investment Forum

SINGAPORE, Dec 10, 2023 – (ACN Newswire) – Entering a political year in Indonesia in 2024, the Ministry of Investment/ Investment Coordinating Board (BKPM) organized an Investment Forum on Friday (12/08) in Singapore, focusing on the theme “Indonesia’s Investment Outlook 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.

Minister of Investment/Head of BKPM Bahlil Lahadalia
Minister of Investment/ Head of BKPM, Bahlil Lahadalia [IMAGE: BKPM]

With an audience 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 totaling 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).

For further information, please contact:
Ricky Kusmayadi, Head of Communication and Information Service Bureau,
Ministry of Investment/ Investment Coordinating Board (BKPM) 
URL:  E-mail:

Topic: Trade Show or Conference

Japan – Indonesia’s Tangguh Expansion Project Commences LNG Shipment

We, the joint venture partners of the Tangguh LNG Project led by bp, the project operator, are pleased to announce that the new liquefaction train (Train 3) of the Tangguh Expansion Project in Papua Barat Province, Indonesia, has started commercial operation and first shipment of liquefied natural gas (LNG) produced by Train 3 has safely sailed from the Tangguh site.

The Tangguh Expansion Project’s Train 3 adds a production capacity of 3.8 million tons of LNG per annum (MTPA) to the existing Tangguh facility, which consists of two trains with a combined production capacity of 7.6 MTPA. Tangguh expansion project, which took six-and-a-half-year to complete, at peak saw over 13,500 workers mobilized through its development and construction.

The Tangguh Expansion Project will play an important role in supporting Indonesia’s growing energy demand, where up to 2.8 MTPA of LNG produced by Train 3 will be supplied to Indonesia’s state owned power generator PT. PLN based on a long term sales and purchase agreement (SPA) entered in 2014. Meanwhile, up to 1.0 MTPA of LNG will be supplied to The Kansai Electric Power., Inc. based on a SPA signed in 2013, contributing to Japanese national energy security.

The joint venture partners of the Tangguh LNG Project are also planning the next phase of development including a carbon capture utilization and storage (CCUS) project as they seek to contribute to the reduction of CO2 emissions from LNG production.

Project image
Project location map


The Tangguh LNG Project is located in Papua Barat Province, Indonesia. The project is operated by BP Berau Ltd on behalf of the other production sharing contract partners as contractor to SKK Migas. BP Berau Ltd and its affiliates in Indonesia hold a 40.22% interest in the project. The other Tangguh production sharing contract partners are MI Berau B.V. (16.30%), CNOOC Muturi Limited. (13.90%), Nippon Oil Exploration (Berau), Limited. (12.23%), KG Berau Petroleum Ltd (8.56%), Indonesia Natural Gas Resources Muturi Inc. (7.35%) and KG Wiriagar Petroleum Ltd (1.44%).

Inquiry Recipient:
Mitsubishi Corporation
Telephone: +81-3-3210-2171

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

In the wake of a transformative decade, where unprecedented challenges met unwavering resilience, the global tech landscape witnessed the meteoric rise of game-changing technologies. AI, big data, cloud computing, and cloud-native solutions surged to the forefront, sparking a digital transformation revolution that reshaped industries and redefined possibilities.

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Event website:
For me details, please reach out to the event producer, Bede Uwalaka –

Topic: Press release summary

Indonesia’s first 8K uncompressed video conference inaugurates 100 Gbps network for education at UB-Universitas Brawijaya

Universitas Brawijaya (UB), the Arterial Research and Educational Network in the Asia Pacific (ARENA-PAC) and Indonesia Research and Education Network (IDREN) held a ceremony at UB in Malang, East Java, to mark the operation of a 100 Gbps high-speed network for education in Indonesia on August 9.

Universitas Brawijaya (UB), Arterial Research and Educational Network in the Asia Pacific (ARENA-PAC) and Indonesia Research and Education Network (IDREN) held a ceremony to mark the operation of a 100 Gbps high-speed network for education in Indonesia on August 9, 2023.

The ceremony also connected to a remote venue in Keio University, Japan, using an uncompressed 8K video conference, marking the first such ultra-high resolution video conference in Indonesia, and demonstrating the high capacity and low latency of the research and education network that spans across the Pacific.

Representatives of the three organizations, Prof. Widodo of UB, Prof. Jun Murai of ARENA-PAC, and Dr. Achmad Affandi of IDREN, attended the ceremony at UB. The ambassador of Republic Indonesia to Japan, HE Heri Akhmadi, and Vice President of Keio University, Prof. Eiji Okada, attended remotely from Japan. In the audience in both venues, students witnessed this memorable ceremony, delighting in the interaction.

Rector of UB Prof Widodo said the inauguration was a follow-up to MoU signed between the three organizations in 2022. Emphasizing that this network is all about collaboration, he said, “This network infrastructure is not only about data transfer, but also a channel to be able to collaborate, innovate faster and be ready to jump in the digital era which will be dedicated to education and research.”

Held at the Algoritma Auditorium, Faculty of Computer Science UB in Malang, East Java, Prof. Widodo said the network connects IDREN with UB as the gateway to Guam and Tokyo, as well as several other locations. In addition, the collaboration is also a big leap for Indonesia to be connected to the current global research and education network.

Prof. Jun Murai of ARENA-PAC in his keynote said, “We sent a message to global leaders that research and educational networks are important.” He emphasized the need to work together for the next stage of global internet from research and educational networks point of view, working with commercial internet service providers, technology, and application people for many scientific purposes such as high energy physics, medical, and astronomy.

He appreciates Indonesian universities and the IDREN mechanism, which he sees as unique in that universities work with internet service providers that commit to support IDREN.

About UB
Universitas Brawijaya (UB) was established by the President of the Republic of Indonesia on July 11, 1961. Today UB is one of the leading universities in Indonesia with more than 60,000 students in various vocational, bachelor, master, doctoral, professional, and medical specialist programs. Learn more at

The Arterial Research and Educational Network in the Asia Pacific (ARENA-PAC) is a backbone network for research and education, established on an international submarine cable network constructed to expand the Internet in Asia Pacific. ARENA-PAC comprises several long-term 10 and 100Gbps IRU circuits between a central exchange point in Guam and sites in Tokyo, Philippines, and Indonesia. See

The Indonesian Research and Education Network (IDREN) is a dedicated network infrastructure that connects research and education institutions and communities in Indonesia. This network is dedicated to the necessary data communication connectivity to enable a community of researchers, academics, and developers to collaborate together.

Written by A Malik Ibrahim; Editor: Fiqih Arfani; (c) ANTARA 2023.

Topic: Press release summary

Seeing Indonesia’s sports tourism development through Lake Toba F1 Powerboat Championship

In developing its sports tourism potential, Indonesia holds many championships or sports events, and one of the closest is the F1 Powerboat (F1H2O) World Championship in Lake Toba, North Sumatra, on February 24-26. Lake Toba, one of the most spacious lakes in the world, offers a great destination for athletes to compete, and tourists to enjoy the scenic view.

President Joko Widodo (L) inspects the road expansion and a bridge development in Tano Ponggol, Samosir, North Sumatera as a part of preparing the Toba Lake in North Sumatera as a world class tourism destination in Indonesia.

Assistant Deputy for Sustainable Tourism Development at the Coordinating Ministry for Maritime Affairs and Investment, Kosmas Harefa, stated that the preparation for the F1H2O World Championship in Lake Toba reached 70 percent as of January 24. “It is expected that the preparations are in accordance with the target and all the main gates will have been completed by February 10,” Harefa said in a virtual gathering.

The F1 Powerboat is the world’s largest motorboat racing competition for powerboats, on par with Formula 1 or MotoGP. Harefa revealed that one of the facilities’ constructions, which is a centralized parking location, can accommodate three thousand to four thousand cars. “Currently, the Toba District Government, supported by the North Sumatra Provincial Public Works Office, has prepared a vast parking lot,” he added. According to him, the number of visitors is targeted to reach 20 thousand to 25 thousand, by promoting the event intensively.

Meanwhile, Minister of Youth and Sports Zainudin Amali said Lake Toba as the host of F1H20 is very ready to organize this activity, as proven by the venue readiness and other supporting facilities. “The government has prepared many F1 Powerboat post events, to support the economy of the Toba people,” Amali, who serves as the Chairperson of the F1H2O National Committee, said.

Lake Toba Cooler

He also ensured that the F1 Powerboat at Lake Toba will pamper the visitors, as he claimed the location is cooler than Sharjah, United Arab Emirates (UAE), where the previous F1 Powerboat event was held on December 16, 2022. “In Sharjah, the venue was an artificial lake and the weather was very hot. This is very different from Lake Toba where the air is cool and not artificial,” he explained. He emphasized, the government has been preparing this event very seriously and hoping for support from various parties to make F1 Powerboat 2023 a success.

Moreover, he expressed hope that the F1 Powerboat implementation can result in the emergence of new water sports racing athletes in Indonesia. “We hope that this international event at Lake Toba can find new athletes and hopefully, they can excel,” Amali said. He added, the event can promote local micro, small, and medium enterprises and show the world’s trust in Indonesia in holding international events.

Unique to the world

State-owned tourism holding firm InJourney said that the F1H20 circuit in Lake Toba is the most unique in the world. “This circuit is quite unique because the track is on the lake. We have carried out the homologation (verification of the track’s safety), and the circuit length is 2.2 km. Its shape is unique because Lake Toba is a volcanic lake,” InJourney’s Marketing and Consumer Experience Director Maya Watono said on Wednesday.

Furthermore, InJourney President Director Dony Oskaria said that the F1H20 will involve the local communities. Oskaria explained, the shores of Lake Toba can serve as places for the spectators and local people are allowed to collect fees as long as they are registered as InJourney official partners. InJourney also involved 500 students as event organizers and will give them certificates.

Minister Amali said the F1H20 event can encourage Lake Toba as one of Indonesia’s super-priority tourism destinations, just as Lake Toba has gained the trust of the F1 Committee to host F1H2O for the next five years or until 2027.

By Kenzu Tandiah,
Ed: Rahmad Nasution

Topic: Press release summary