Latest news with #DanantaraIndonesia
Time of India
22-07-2025
- Business
- Time of India
Indonesia mining ministry proposes 18 development projects for Danantara funding
Jakarta: Indonesia's mining ministry has drawn up a list of 18 projects worth $38.6 billion to develop the country's natural resources and handed them over to sovereign wealth fund Danantara Indonesia on Tuesday for potential investment. Launched earlier this year, Danantara is Indonesian President Prabowo Subianto's main vehicle to achieve his 8 per cent economic growth target by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in commercial projects. The development and acceleration of Indonesia's domestic processing industries is among Prabowo's top economic agenda priorities. Energy and Mineral Resources Minister Bahlil Lahadalia said the fund had the capacity to finance and manage the projects. The priority projects include eight projects for the processing of minerals and coal, two which support energy security, while the rest concern energy transition and the processing of agriculture and fishery products, Bahlil said at the handover ceremony. The government has already carried out initial studies on the proposed projects, and transferred to Danantara for further assessment and implementation. The list of projects include oil refineries and storage facilities, a plant to produce solar panels, biofuels for jets, as well as iron and alumina smelters, ministry officials said. Danantara, which recently secured a $10 billion credit line, will invest in the projects if they meet the fund's investment criteria, its CEO Rosan Roeslani told reporters. "The financing can come from Danantara, state-owned can also even invite domestic or foreign private companies to make sure we can employ the best technology," Rosan said.
CNA
11-07-2025
- Business
- CNA
Sovereign fund Danantara Indonesia, Japan's JBIC agree to jointly finance renewables, power projects
JAKARTA :Sovereign wealth fund Danantara Indonesia said on Friday it had signed a memorandum of understanding with the Japan Bank for International Cooperation to jointly finance renewable energy, water management, and power transmission projects in Indonesia.
Reuters
10-07-2025
- Business
- Reuters
Indonesia tariff negotiator to meet Lutnick in US, aims to tout natural resources
JAKARTA, July 9 (Reuters) - Indonesia will highlight its strategic importance in global trade, especially its natural resources, as it forges ahead with negotiations to try to reduce a 32% tariff imposed by the United States, a government official said on Wednesday. Indonesia's chief economic minister Airlangga Hartarto, who leads the negotiation team, is scheduled to meet with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and other officials, spokesperson for the economic ministry Haryo Limanseto said, without providing a timeframe. Indonesia's 32% tariff will be imposed by the United States from August 1 and is unchanged from that threatened by Washington in April. Southeast Asia's biggest economy has proposed slashing its duties on American products to near zero and offered to increase U.S. purchases and investment in the country, amounting to about $34 billion. "The coordinating minister will convey that Indonesia is a very strategic country with all its natural resources," Haryo said. "We hope that the U.S. will reconsider." G20 economy Indonesia is a major producer of minerals such as nickel, tin, copper and is the world's biggest exporter of palm oil. Several Indonesian companies have signed initial deals with U.S. counterparts to increase purchases of energy, wheat, corn and cotton, among others. Sovereign wealth fund Danantara Indonesia and textile company Indorama are also set to invest in the United States, Haryo added. The Indonesian proposal has been praised by U.S. representatives, Haryo said. Indonesia hopes it can secure lower or the same tariff level as other nations in Southeast Asia. Early in the talks, Indonesia had offered Washington a raft of concessions. The announcement by U.S. President Donald Trump ahead of the July 9 deadline came as a surprise, Haryo said. "We see the U.S. government considers the (negotiation) globally, no longer country-by-country. We've submitted all the documents and have also agreed on negotiation level, but the final decision rests with Trump."
Yahoo
09-07-2025
- Business
- Yahoo
Indonesia tariff negotiator to meet Lutnick in US, aims to tout natural resources
By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia will highlight its strategic importance in global trade, especially its natural resources, as it forges ahead with negotiations to try to reduce a 32% tariff imposed by the United States, a government official said on Wednesday. Indonesia's chief economic minister Airlangga Hartarto, who leads the negotiation team, is scheduled to meet with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and other officials, spokesperson for the economic ministry Haryo Limanseto said, without providing a timeframe. Indonesia's 32% tariff will be imposed by the United States from August 1 and is unchanged from that threatened by Washington in April. Southeast Asia's biggest economy has proposed slashing its duties on American products to near zero and offered to increase U.S. purchases and investment in the country, amounting to about $34 billion. "The coordinating minister will convey that Indonesia is a very strategic country with all its natural resources," Haryo said. "We hope that the U.S. will reconsider." G20 economy Indonesia is a major producer of minerals such as nickel, tin, copper and is the world's biggest exporter of palm oil. Several Indonesian companies have signed initial deals with U.S. counterparts to increase purchases of energy, wheat, corn and cotton, among others. Sovereign wealth fund Danantara Indonesia and textile company Indorama are also set to invest in the United States, Haryo added. The Indonesian proposal has been praised by U.S. representatives, Haryo said. Indonesia hopes it can secure lower or the same tariff level as other nations in Southeast Asia. Early in the talks, Indonesia had offered Washington a raft of concessions. The announcement by U.S. President Donald Trump ahead of the July 9 deadline came as a surprise, Haryo said. "We see the U.S. government considers the (negotiation) globally, no longer country-by-country. We've submitted all the documents and have also agreed on negotiation level, but the final decision rests with Trump." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
03-07-2025
- Business
- India.com
These Muslim nations sign Rs 2303909562600 deals across…, major challenge for India, China, Russia?
Saudi Arabia and Indonesia signed several deals and memorandums of understanding of $27 billion between private sector institutions in sectors like clean energy and petrochemicals as reported by Saudi state news agency SPA. Indonesian President Prabowo Subianto was on a visit to a Gulf kingdom on Wednesday and met Saudi Crown Prince Mohammed bin Salman. Indonesia And Saudi Arabia Deals The two countries will cooperate in the supply of crude oil and its derivatives and improve supply chains and their sustainability in the energy field as reported by the Saudi state news agency. Trade between the two countries is around $31.5 billion in the last five years, according to SPA. Saudi Arabia's ACWA Power signed initial agreements to explore investment opportunities into renewable energy projects with sovereign wealth fund Danantara Indonesia and state energy firm Pertamina, as per a statement from Danantara. Energy, Investment Cooperation Indonesia will collaborate with Saudi Arabia in global oil markets in oil and petrochemicals, energy transition, carbon capture technologies, and hydrogen development. They also want to streamline investment regulations, encourage cross-border capital flows, and develop strategic industries together like mining, logistics, financial services, and green technology. Both countries also want to to facilitate executive-level engagement through institutional platforms and establish a joint roadmap to boost private sector collaboration. Both sides also committed to develop stronger defense and security cooperation, particularly in counterterrorism, cybersecurity, information exchange, and capacity building. Such a big collaborations of two Muslim nations, Saudi Arabia and Indonesia across various sectors can create a big challenge for largest economies in the the world like India, Russia, China (With Input From Agencies)
