The energy transition in Indonesia must involve MSMEs, which play a significant role in Indonesia’s economic growth. Thus, access to funding and technology is necessary for MSMEs to fully perform their roles as providers of community needs and job opportunities, enabling rural communities to increase their income.
Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (L), during the Sustainability Summit B20 held in New Delhi, India (8/24). (Image: Pertamina)
In his presentation at the BNEF forum in New Delhi on August 24, 2023, Oki Muraza, Senior Vice President of Research & Technology Innovation of Pertamina, emphasized MSME involvement’s importance in Indonesia’s energy transition. He stated that community participation is vital in supplying the raw materials for low-carbon energy development. This process also creates job opportunities for the public while corporations benefit from carbon credits.
“The challenge lies in providing capital or funding and technology access to MSMEs, allowing them to effectively contribute to the energy transition and benefit both the community and corporations,” said Oki.
As a developing country rich in natural resources, Indonesia encourages developed nations to provide funding to developing countries, enabling them to develop technology and its implementation with the assistance of countries that possess resources.
“Currently, there is a global economic gap between highly developed and developing nations. Highly developed countries have a GDP per capita of over USD 50,000, while developing countries like Indonesia have a GDP per capita of under USD 5,000. We hope this Capital Flow serves as a form of CBDR (Common but Differentiated Responsibilities),” added Oki.
Oki explained that by involving MSMEs in this energy transition, Indonesia aims to combine international aid, creating job opportunities for the public and benefiting companies in expediting the energy transition.
“We hope that the energy transition in Indonesia can serve as a role model for involving communities, generating employment opportunities, increasing rural incomes, and achieving a Nature-Based Solutions-guided energy transition,” Oki stated.
Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, highlighted that MSMEs are the backbone of the national economy and a significant source of employment, underscoring their vital role in accelerating the energy transition.
“Pertamina has initiated the Desa Energi Berdikari program in 52 regions to provide access to renewable energy for MSMEs and communities, enabling them to become energy-independent,” stated Fadjar.
Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina’s business lines and operations.
Media Contact Fadjar Djoko Santoso Vice President of Corporate Communication PT Pertamina (Persero) M.: +62 813-2063-0765 E.: fadjar.santoso@pertamina.com
The BFSI sector plays a crucial role in any economy, integral to maintaining smooth economic functioning. In India, the “Digital India” initiative sparked significant change in the banking and financial sectors, driven by technological advancements and fintech innovation. This advancement in financial institutions has shifted the focus from product-centric to customer-centric approaches, revolutionising financial services and banking practices. The widespread use of digital payments, particularly through QR codes and the Unified Payments Interface (UPI), has formalised the digital economy, with 93% of payments completed digitally last year. Altogether, there has been a downfall in card usage and cash transactions as a whole. With approximately 260 million users adopting digital payments, the alliance between fintech and banking services is reshaping the financial landscape. These emerging trends are expected to impact the future operations of these industries profoundly, paving the way for further growth and progress in the Indian economy.
19th Edition of Exito’s BFSI IT Summit is the premier in-person conference that brings together Technology Leaders within the BFSI industry. This summit serves as a specialized learning and networking platform designed to extensively explore the pressing challenges confronting BFSI sectors and discover optimal strategies to overcome them. The event aims to foster insightful discussions, share best practices, and facilitate collaborative solutions, ultimately promoting growth and innovation in the financial services and banking technology landscape.
Don’t miss the opportunity to learn from these esteemed Industry Experts: – Arpanarghya Saha, Chief Digital Officer Nippon India Mutual Fund. – Ramesh Narayanaswamy, Chief Technology Officer Aditya Birla Capital. – Anil Kuril, Chief Technology Officer Union Bank Of India. – Srikanth Gopalakrishnan, CIO for People, Procurement, Legal and Head of the India Technology Centre Deutsche Bank Group. – Dr. Sourav Dutta, Executive Director & Head IT IDBI Bank. – Ashutosh Mishra, Chief Risk Manager National Bank For Agriculture & Rural Development ( NABARD). – Abhijit Dey, Vice President – Product Head API Banking Axis Bank. – Vivek Zakarde, Senior Vice President (Head – Analytics-RACC) From a Leading Bank. – Lincy Therattil, Head Of Open Innovation And Fintech Platform, Rise India Barclays. – Aastha Arora, Learning & Development Consultant The London Institute of Banking & Finance India. – Abhineet Sarkar, Digital Innovation Leader Tata AIA Life Insurance. – Renu Singh Trainer The London Institute Of Banking & Finance India
Featured Topics at the Event: – Technology Augmentation in the BFSI industry – Impact on the Indian Economy – Advancing the Digital Economy and Finance. – Blockchain the next big thing in India? – The future of banking – Digital, Invisible and Connected. – Unlocking Innovations in the Insurance Sector – Improving the digital customer experience – Climbing towards advancements in Open Banking. – Fintech reshaping the Future of Finance – India’s Future of Insurance in a Data-Driven World. – Ameliorating the future of cloud in the Indian BFSI Industry – Advancing Cyber Security – Securing BFSI as it moves further into digital transformation.
Who will attend?
The BFSI IT Summit will be attended by top executives and leaders like Chief Information Security Officer, Chief Information Officer, Chief Technology Officer, Chief Information Security Officer, Heads of Cyber Security, Head of IT Infrastructure and Chief Digital Officer from a variety of industries including Public Banks, Foreign banks, Fintechs & Neo Banks, Microfinance Companies, General Insurance Firms, NBFCs, Mutual Funds, Regional Rural Banks, Health Insurance Companies, Private Banks, Asset Management Companies and Commercial Banks. For more information on BFSI IT Summit: Mumbai, you can visit https://bfsiitsummit.com/india/
About Exito
Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.
Contact: Mithun Gopinath, Manager-Projects, Exito Media Concepts mithun.gopinath@exito-e.com
The Hong Kong Special Administrative Region Government announced today (March 24) the Wealth for Good in Hong Kong Summit (WGHK) attracted some of the most influential family offices around the world, which further showcases Hong Kong’s appeal as a world-leading international asset and wealth management hub and its long-term future. Organised by the Financial Services and the Treasury Bureau and Invest Hong Kong (InvestHK), the summit took place at the Hong Kong Palace Museum and was attended by over 100 key decision makers from global family offices and their professional teams across Hong Kong, the Mainland, North America, Europe, other Asian regions, the Middle East and other parts of the world.
The top-level exclusive summit in Hong Kong gathered a world-class cast of leading figures from the global investment, technology, art, sustainability and philanthropy worlds, to discuss the most pressing issues facing family offices today. The “Wealth for Good” theme captured two critical priorities faced by family offices today: wealth preservation and sustaining long-term growth, coupled with the need to positively impact society and communities. Featured summit panel discussions were Family Office Sharing, Wealth for Tech, Wealth for Philanthropy, Wealth for Green and Wealth for Art. A list of speakers is enclosed in the Annex.
Today the Government also issued a Policy Statement on developing family office businesses in Hong Kong, unveiling eight measures with favourable packages and services aimed at helping family wealth owners establish a presence in Hong Kong. Some of the new measures include a new Capital Investment Entrant Scheme, tax concessions, a new Hong Kong Academy for Wealth Legacy, establishing art storage facilities at the airport and developing Hong Kong as a philanthropic centre.
The Financial Secretary, Mr Paul Chan, said, “Under the ‘one country, two systems’ principle, Hong Kong has a common law regime and a regulatory system that aligns perfectly with global standard. Our robust financial markets develop in a stable and orderly way. We have the unique advantage of strong support of the motherland while being closely connected to the world. Our world-class financial infrastructures plus a diversified and efficient capital market that connects the Mainland and the global capital markets put us in the forefront as a leading asset and wealth management hub in the world. At the same time, Hong Kong in recent years has seen solid development in terms of green and sustainable finances, innovation development, art and culture industries as well as philanthropy, making the city an ideal base for global family offices.”
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “We are committed to providing a conducive environment for global family offices to thrive in Hong Kong. A comprehensive set of policy measures is now in place tailored to the holistic and unique needs of family wealth owners. The WGHK marks the start of a new journey, and I am confident we can co-curate with all stakeholders a family office ecosystem that benefits all.”
The Director-General of Investment Promotion at InvestHK, Mr Stephen Phillips, said, “The WGHK will open up a world of new opportunities for family offices from around the globe. Hong Kong’s fast-moving, dynamic business and cultural environment has shaped a unique East-meets-West centre for international cultural exchange. This aligns well with Hong Kong’s role as a critical bridge, seamlessly connecting the Mainland and global capital markets.”
The WGHK speakers also observed the significant and diverse investment opportunities available to family offices in Hong Kong as it sits at an ideal pan-Asian location and continues to cement its status as Asia’s world city.
PromoStandards is announcing its decision to postpone their first annual Technology Summit in Tampa, FL, due to Hurricane Ian. The Tampa Marriott Water Street hotel has been evacuated and cannot guarantee it will accept guests in time for the event. For the sake of PromoStandards members, vendors, and the Tampa Bay community, the event previously scheduled for October 2 to October 5, 2022, will take place in early 2023.
Once the aftermath of the storm has passed, PromoStandards will continue coordinating with the hotel and vendors in planning this Tampa event.
A virtual Hack-A-Thon Awards Ceremony to celebrate the winners and participants of the 7 teams that participated in the 2022 virtual Hack-A-Thon will be scheduled, as will an exclusive launch of PromoStandards Order Management Service in an upcoming monthly education event.
All registrations for the Tech Summit will be honored for the rescheduled event, and any refunds needed will be issued upon request. Attendees with questions are encouraged to reach out to Amy Rabideau, MMEC Committee Chair, at admin@promostandards.org.
About PromoStandards
PromoStandards is a nonprofit organization committed to improving supply chain and transactional efficiencies in the promotional products industry. They standardized the transfer of vital information to move transactions forward. A better flow of inventory, order status, shop notices, media, product data, product configuration, purchase orders, and invoices between suppliers and distributors leads to improved customer experiences. For more information, please visit https://promostandards.org/.
The HUB.ID is proud to be a hub that connects 80 curated startups with 80 global venture capital and well-known business partners, stated Indonesia’s Ministry of Communication and Informatics (KOMINFO) at this year’s HUB.ID Summit opening, in Nusa Dua, Bali, Indonesia.
The opening ceremony of the HUB.ID Summit 2022 was held at Nusa Dua, Bali province, on Monday (September 5, 2022). (ANTARA/Livia Kristianti/uyu)
“We believe the startups have the ability and potential to be the tech giants. Therefore, the Ministry holds the HUB.ID Summit as a hub to connect the early-stage startups, venture capitalists and business partners in exploring collaboration and investment opportunities,” said Semuel Abrijani Pangerapan, Director-General of Application & Informatics, Ministry of Communication and Informatics, in the opening address.
The HUB.ID Summit 2022 was held in Nusa Dua, Bali from 5 to 6 September 2022. Its focus is on early-stage startups looking for seed to series A investment. The Ministry hopes that the 80 selected startups participating in the HUB.ID Summit can explore opportunities for cooperation, especially in terms of funding.
HUB.ID includes the HUB.ID Accelerator, the HUB.ID Summit, and the HUB.ID Ecosystem. After undergoing a series of HUB.ID incubation and accelerator programs held by the Ministry, tech startups can continue their journey by expanding their business network on a global scale.
Startups are represented across sectors from agriculture & aquaculture tech, enterprise & government tech, health tech, social commerce & SME enablement, Web.30, deep tech, education, fintech and legal tech to property and proptech.
Startups participating in the HUB.ID Summit 2022 include Chickin, Dagangan, DOTX, Duitin, Eratani, Bananas, Fishlog, Gajiku, Gorrywell, HiPajak, Jejakin, Klinik Pintar, Legalku, MallSampah, NOBI, SoulParking, Teman Pasar, Verihubs, and ZI.Care.
Venture capitalists and business partners participating in HUB.ID Summit include East Ventures, DG Ventures, AC Ventures, BEENEXT, Finch Capital, Cyber Agent Capital, J Trust Bank, Telkom, Midtrans, OCBC NISP Ventura, Sinarmas Land, AppWorks, Investible, Jabar Digital Service, Jakarta Smart City, Bio Farma, and Mandiri Capital.
Semuel said that collaboration and investment can support startups in Indonesia to be more resilient in facing future challenges. “We are optimistic that startups in Indonesia will be more mature, as well as ready to collaborate and have investment cooperation,” Semuel stated.
On day one, the HUB.ID Summit consisted of two panel discussions: “The Dawn of New Groceries Shopping in Indonesia: Is it a sustainable business model?” including Metha (Co-Founder SayurBox), Vincent (Co-Founder Astro), Yosua Setiawan (Co-Founder Segari), and moderated by Agung Nugroho (Co-Founder Kudo).
The second panel “Anticipating The Next Momentum of Indonesia Fintech” included Triyono Gani (Head of Digital Innovation Growth Otoris Jasa Keuangan), Dino Setiawan (Co-Founder Awan Tunai), Vira Widiyasari (SVP of Fintech and Payment Tokopedia), and moderated by Rico (Commissioner LinkAja). Those two panels showed Indonesia’s digital economy landscape from the startup point of view.
On day two, the HUB.ID Summit featured: “Standing Tall Amidst the Chaos: Indonesia Startup Investments Today and Tomorrow”, with Dirk Van Quaquebeke (Managing Partner, BEENEXT), Helen Wong (Managing Partner, AC Ventures), and Melisa Irene (Partner, East Ventures), on stage and moderated by Willis Wee (Founder & CEO, Tech in Asia). This panel discussed the future of Indonesia’s startup investment.
More than 350 participants joined Hub.ID Summit 2022, which consisted of 1-on-1 Business Matchmaking, Panel Discussions, and a Networking Dinner. Venture capital and business partners came not only from Indonesia, but also from Japan, Singapore, South Korea and India.
About HUB.ID
HUB.ID includes the HUB.ID Accelerator, the HUB.ID Summit, and the HUB.ID Ecosystem. HUB.ID is a platform provided by the Indonesian Ministry of Communication and Informatics (KOMINFO), focusing on enabling post-seed local Indonesian startups to scale regionally by leveraging Kominfo’s vast network of corporate & governmental partners. Learn more at https://hub.id/.
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