AmCham’s B20 Party a Success, Virtual Musk and Hathaway at B20, Draft Criminal Code Bill Revised, Govt and DPR Discuss Omnibus Finance Bill
Nov 14, 2022
Virtual Musk, Hathaway and Bezos at B20
Tesla CEO Elon Musk spoke virtually on Driving Sustainable and Inclusive Growth today, Nov 14, on the second and final day of the B20 Summit in Bali. United Nations Women’s Goodwill Ambassador and Hollywood actress Anne Hathaway also made a virtual appearance, highlighting the importance of women in the global economic recovery.
Under the leadership of the Indonesian Chamber of Commerce and Industry (KADIN), the Summit brought together more than 3,300 business delegates from 65 countries to make policy recommendations on key challenges for businesses around the world. The three key priorities of B20 Indonesia were the prioritization of innovation to unlock post-pandemic growth; empowering micro, small and medium-sized enterprises (MSMEs) and vulnerable groups; and supporting increased collaboration between developed and developing countries.
Those attending the first day of the Summit included B20 Chair Shinta Kamdani, Coordinating Minister for Investment and Maritime Affairs Luhut Pandjaitan, Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif and Minister of Health Budi Gunadi Sadikin. Klaus Schwab, the founder of the World Economic Forum, also spoke; as did Zeng Yuqun, the billionaire founder of Chinese battery giant Contemporary Amperex Technology (CATL).
Amazon founder Jeff Bezos virtually told the Summit his company has been working with PLN to reduce emissions. "Just yesterday we announced a collaboration with PLN for 210 megawatts of renewable energy through four utility-scale projects in Indonesia," said Bezos.
AmCham Indonesia hosted our very own B20 side event on Nov 11 on the theme of Sustainable Investment: Best Practices for Our Future. Theevening gathering at Bali’s world-class Museum Pasifika in Nusa Dua drew a crowd of nearly 200 people.
Numerous dignitaries attended and spoke at the event. Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan gave a keynote address praising Indonesia’s drive for sustainable investment. Energy minister Arifin Tasrif discussed how Indonesia will realize its ambition to curb carbon emissions.
In addition, B20 Chairperson Shinta Kamdani welcomed the crowd and US Ambassador Sung Kim gave welcome remarks. Kadin Chair Arsjad Rasjid was in attendance. AmCham Vice Chair Doug Ramage greeted guests and served as host.
In his closing remarks, Arifin said the government continues to be committed to keeping the global average temperature rise to below 1.5 degrees Celsius in accordance with the 2015 Paris Agreement.
"If Indonesia only does business as usual and makes no changes to reduce the use of fossil fuels, we will produce 1.5 giga tons of CO2 in 2060," he said.
We are also grateful for the attendance of EU Ambassador Vincent Piket, Japan Ambassador Kanasugi Kenji, and Vietnam Ambassador Ta Van Thong.
AmCham Indonesia would like to thank all of our sponsors for making the event possible. To every one of you – Freeport Indonesia, MMS Group Indonesia, CarbonX, Sinarmas, Cargill, HSBC, Netflix, and ExxonMobil – we really could not have done it without you.
“This event was our way of demonstrating our full support for Indonesia’s exciting G20 year,” said AmCham Managing Director A Lin Neumann. “It was a great evening.”
With a mission to create technology that inspires meaningful progress, HP is committed to empowering better learning outcomes through technology. HP’s most recent education initiative in Indonesia is Transformasi Pembelajaran Inovatif (TPi), a collaborative effort with the Ministry of Education, Culture, Research, and Technology and Ministry of Religious Affairs to present an education digital transformation framework to reinvent educational experiences through a sustainable, scalable, and structured process.
In late October, HP inaugurated the TPi initiative at Al-Azhar Syifa Budi Jakarta, which was followed by an interactive parenting talk. This was the inauguration of the fourth school, following initial implementation in Sekolah Citra Berkat in Surabaya, SDN Baru 01 Pagi Elementary School in Jakarta, and SMP Dramaga in Bogor. HP aims to carry out the digital transformation in other parts of the country, with more schools in the pipeline and more to come.
With TPi, HP wants to enable schools to structure and execute highly effective digital transformation. TPi is implemented by modernizing the current teaching and learning processes, assisting in developing a technology blueprint, helping enhance project management capabilities, supporting the change management process, and finally, enabling the monitoring of results. HP hopes the initiative supports educators and parents in providing future-ready skills for our students.
Along with TPi, HP actively supports the country’s education ecosystem through innovations, services, and hyperlocal activities. The company has commissioned HP's New Asian Learning Experience study and held webinars for parents with education experts, and is continuing its partnership with the Ministry to support teachers through the Semangat Guru Virtual Learning Series.
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The Ministry of Law and Human Rights submitted the latest draft of the Criminal Code Bill (RKUHP) to Commission III of the House of Representatives (DPR) on Nov 9, as lawmakers aim to pass the Bill before their recess in mid-December. The Ministry said the draft had accommodated public input and watered down some controversial provisions, include adding the word "belief" to the articles governing religion, the addition of one article related to sexual violence crimes, and the repositioning of provisions on money laundering.
The draft bill has seen much criticism, with public and mass organization concerns about articles believed to have the potential to limit people's freedom of expression. Concerns revolve around activities or actions that are categorized as insults, both to the government and countries who have friendly relations with Indonesia. The draft retains provisions that criminalize insulting the president and vice president on occasions other than demonstrations, although the maximum penalty has been reduced to three years from three and a half years.
Restrictions on sex outside of marriage and cohabitation have raised concerns in the hospitality industry and among rights groups for being out of step with the modern world. The National Commission on Violence against Women issued a statement saying many of the provisions fail to protect the rights of women and other vulnerable groups.
Government and DPR Discuss Omnibus Financial Sector Bill
The government has started talks with the House of Representatives (DPR) on the draft bill on Development and Strengthening of the Financial Sector (PPSK). President Joko Widodo has assigned the ministries of finance, investment, cooperatives and SMEs, and justice and human rights, to the PPSK working committee.
Minister of Finance Sri Mulyani Indrawati said the government has conducted 25 public consultations with business associations, academia, and the public. The Ministry of Finance also opened up a website for the public to participate through https://www.kemenkeu.go.id/partisipasipublik-ruup2sk. From the public consultations and its own analysis, the government has submitted a Problem Inventory List (DIM) to the DPR.
Little is known about the input from the government. Some mentioned are the regulation of a bullion bank or gold bank, export foreign exchange earnings (DHE) by the Indonesian Export Guarantee Agency (LPEI), and the addition of a cooperative department in the OJK.
Ahead of this week's G20 Summit in Bali, ExxonMobil and Pertamina have signed an on the development of a regional carbon capture and storage (CCS) hub for domestic and international CO2. The agreement, built upon a joint study and memorandum of understanding signed at COP26 in Glasgow in 2021, defines the next steps for the project. The project itself will support Indonesia’s efforts in achieving its net-zero target by 2060 and becoming the regional leader in carbon capture and storage.
Represented at the signing of the agreement were Pertamina President Director and Chief Executive Officer Nicke Widyawati and Vice President of ExxonMobil Low Carbon Solutions and President of ExxonMobil Indonesia Irtiza Sayyed. US Ambassador for Indonesia Sung Kim and Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan were also present to witness the signing.
Indonesia officially took over as ASEAN Chair during the ASEAN Summit Closing Ceremony in Phnom Penh, Cambodia on Nov 13. President Joko Widodo said ASEAN must strive to uphold international laws and become a stable and peaceful region.
As chair, Indonesia will focus on fostering regional growth and connectivity, accelerating the transition to an inclusive and participatory digital economy, and promoting the development of green infrastructure, Coordinating Minister for Economic Affairs Airlangga Hartarto said. Airlangga also expressed his confidence that Indonesia’s future initiatives will create a more integrated and resilient ASEAN, and support the region to take a more significant role in the Indo-Pacific.
The AmCham Office is transitioning back to the office. We are still maximizing online meetings, using the Zoom platform, but starting to have in-person meetings. You will be notified of the meetings as they are scheduled.
What is Your Company Doing on COVID-19?
Please let us know what measures your company may be taking in the form of donations and other assistance to help Indonesia during this time of confusion and concern. Contact [email protected] with your news. We would like to publicize the ways that our AmCham companies are pitching in.
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 is the Managing Editor.