AmCham Update
AmCham Update Vol. 4 #100
National Data Center Ready by Oct 2024, DPR Committee Approves 2024 Gov't Budget, Indonesia Speaks Out at UN General Assembly, IDX to Run Carbon Exchange
Sep 20, 2023


National Data Center Ready by Oct 2024

The National Data Center (PDN) will be completed and inaugurated by October 2024, said Director General of Application Information Technology Semuel Pangerapan.

Semuel said his team has been coordinating with the House of Representatives (DPR) Commission I to stay updated on the development and ensure the security system of this first PDN managed by the government.

The Ministry of Communications and Information Technology kicked off the PDN development in Cikarang, West Java, in November 2022, with a 25,000 core processor, 40 petabyte storage, and 200 terabyte of RAM. The ministry will also conduct inspections of the installations, and monitor the entire process.

Related Link:

DPR Committee Approves 2024 Gov't Budget

President Joko Widodo’s final state budget of Rp 3,325 trillion for 2024 was approved by the House of Representatives (DPR) Budget Committee on Sept 19, higher than the previous proposal of Rp 3,304 trillion. This represents a 2.29 percent fiscal deficit of gross domestic product (GDP) which is slower than 2023’s 2.30 percent outlook. This also assumes the predicted 5.2 percent economic growth remains unchanged and inflation of 2.8 percent, lower than the 3.1 percent 2023 outlook.

The revenue target of Rp 2,802 trillion was also approved, larger than the Rp 2,781 trillion proposal, as the government expects more revenue from the oil and gas sector. The committee approved an energy subsidies’ revision of Rp 1,891 trillion, 2 percent higher than the Rp 1,859 trillion proposal, bearing in mind the potential effect of El Nino on harvests and food quality in general, said Budget Committee Chair Said Abdullah. The decision is expected to be approved a full DPR vote very soon.

Related Links:

Indonesia Speaks Out at United Nations General Assembly

Indonesia highlighted the unjust global order and trade discrimination as the main causes of the lack of progress in achieving targets set in the United Nations Sustainable Development Goals (SDGs) during the United Nations Sustainable Development Goals Summit in New York, on Sept 18. The Summit is part of the 78th United Nations General Assembly (UNGA), which runs from Sept 18-26.

The Global South, a term broadly comprising developing countries, must also be given the opportunity to develop downstream industries as they often experience discrimination, Minister of Foreign Affairs Retno Marsudi said.

In response, world leaders adopted a decisive declaration at the Summit, addressing commitments to focus on and ways to achieve the development goals, which include providing better financing for developing countries and delivering an SDG Stimulus as proposed by the UN Secretary-General António Guterres.

The Summit is considered the most important event in the UNGA series of meetings. Aside from the SDGs, the delegates will also discuss other pressing global issues and how to navigate the current geopolitical landscape.

Related Links:

OJK Appoints Indonesia Stock Exchange as Carbon Exchange Organizer

The Financial Services Authority (OJK) has appointed the Indonesia Stock Exchange (Bursa Efek Indonesia, BEI), as organizer of the upcoming carbon exchange, set to launch on Sep 26. The OJK is also preparing seminars in major cities across Indonesia to enhance capacity building and understanding of Indonesia’s carbon trading ecosystem, OJK Board of Commissioners Chairman Mahendra Siregar said.

Under OJK Regulation 14/2023, the carbon exchange will trade carbon units defined as equivalent to 1 ton of CO2, which are recognized as securities or securities/investment contracts. Carbon units will be traded in the form of Technical Approvals for Upper Emission Limits for Business Actors (PTBAE-PU) and Greenhouse Gas Emission Reduction Certificates (SPE-GRK), which act as recognition of carbon emission offsetting activities in sectors such as energy, land, and forestry.

The OJK will establish a validation and verification institution (LVV) before the carbon exchange’s opening, from which companies must obtain LVV certification and complete PTBAE-PU and SPE-GRK evaluations, which so far include energy company Mutuagung Lestari, and auditing and certification companies Sucofindo, TUV Rheinland Indonesia, and TUV Nord Indonesia.

Related Links:

Bilahari Kausikan: Singapore’s Existential Battle in Balancing US v China

The next AmChams of the Asia Pacific (AAP) Author Series will be with Bilahari Kausikan as he discusses his latest book, "Singapore Is Still Not an Island." The event will be held on Sept 29, at 10:00–11:00 SGT (UTC 8) via Zoom.

This second collection from Singapore’s well-respected, highly experienced “undiplomatic diplomat” provides a front-row seat to the US-China competition to be the dominant player in a global system in which both are vital, irreplaceable components, and why balancing between China and the US is Singapore’s toughest and most imperative challenge.

Now with the freedom of being a self-described “pensioner,” Bilahari will provide unvarnished insights and analysis which will be of value to practitioners of geopolitics and those impacted by it.

Read More

Gov't to Continue Rempang Industrial Area Construction

The government has said the construction of an industrial area on Rempang Island in Riau will continue as planned despite opposition residents. The government will offer compensation and facilitate residence relocation for the affected families, Minister of Investment Bahlil Lahadalia said. The number will be adjusted to the previously owned assets by the residents.

The government aims to develop an integrated business district, Rempang Eco City, which will encompass an industrial zone and resorts. Chinese glass manufacturer Xinyi Group plans to invest $11 billion to build a factory on the island.

Related Links:


Now is the Time to Join AmCham!

Now is the Time to Join AmCham!

We offer a full slate of meetings, events, and information for our community. But we can only do this through the support of our members. If you are not yet an AmCham member please join now.

AmCham Indonesia is open to all companies with an interest in US business relations and we have many non-American members.

We are a community and we welcome you!

Reach us at [email protected] or click below!


Stay well

We urge you to send us press releases and other information that we can pass on to the broader AmCham community. If you have items of interest, please email material to [email protected]. Follow this link to information provided by the US Embassy

Stay safe, call a doctor if you have a high fever, cough, or difficulty breathing. Stay healthy above all else.

AmCham Update is AmCham's regular newsletter on developments related to the pandemic crisis and other issues in Indonesia. It is edited by AmCham Managing Director A Lin Neumann and written by the AmCham Staff. Paul L Goddard.

Dec 01, 2023 / 10:00 - 11:30
WeWork Revenue Tower
See All Events See All Reports
AmCham Update | Nov 27, 2023

New Income Tax Calculation, OJK AI Fintech Guidelines, Jokowi Sacks KPK...

See AmCham Update
Twitter Feed