Latest news with #KADIN
Borneo Post
5 days ago
- Business
- Borneo Post
Awg Tengah leads S'wak delegation in Balikpapan to boost bilateral ties with East Kalimantan
Awang Tengah (seventh right) with his delegation in a photocall with their Indonesian counterparts. KUCHING (July 27): A high-level Sarawak delegation led by Deputy Premier Datuk Amar Awang Tengah Ali Hasan is in Balikpapan, East Kalimantan from July 25 to 27 for an official working visit to strengthen ties with their Indonesian counterparts. In a statement issued by Awang Tengah's office yesterday said a strategic networking dinner was co-hosted with the Indonesian Chamber of Commerce and Industry (KADIN) at one of the premier hotels in Balikpapan on Friday, in conjunction with the Sarawak Connects Fair 2025. 'Sarawak's engagement in Balikpapan reflects its strategic intent to align with the rapid development of Nusantara, Indonesia's new capital city, located just a few hours away. 'As demand for infrastructure and investment grows in Kalimantan, Sarawakian businesses are well-positioned to contribute meaningfully to the region's transformation,' he said. He said the event aimed to deepen bilateral business relationships and provided a crucial platform for both sides to explore partnership opportunities and promote Sarawak's strengths across various sectors. The Sarawak delegation comprised senior government officials and business leaders, underlining the state's commitment to forging not just commercial partnerships but also fostering deeper cultural and diplomatic ties between the regions. Meanwhile, the dinner concluded with an exchange of mementoes and a group photo, marking progress in strengthening bilateral relations. Awang Tengah Balikpapan lead working visit
Coin Geek
23-06-2025
- Business
- Coin Geek
From pilots to production: Southeast Asia's blockchain evolution
Getting your Trinity Audio player ready... Governments and businesses in Southeast Asia are embracing blockchain for public sector reform, national strategy, and financial inclusion. Speaking at the Philippine Blockchain Week 2025 panel 'From Regulation to Realization: Blockchain Adoption Across ASEAN's Public and Private Sectors,' industry leaders share how blockchain adoption is shaping the region. Raine Renaldi, Chief of the Economy and Digital Asset Committee of KADIN, Indonesia's Chamber of Commerce and Industry, said digital currency usage in the country is quickly moving from niche to mainstream. 'Indonesia already has over 170 million users through platforms that have secured crypto exchange licenses,' Renaldi said. 'It's only a matter of time before all of them are on-chain.' Official statistics place the number of active digital currency users at 22 million, but Renaldi cited internal data showing it may already exceed 40 million. The country's blockchain roadmap began in 2014, followed by tighter collaboration with regulators in 2019. Paul Soliman, Chairman and CEO of BayaniChain (left), Raine Renaldi, Chief of the Economy and Digital Asset Committee of KADIN (center), and Ronald Tucker, Co-Founder of IDAXA (right). 'My goals are simple – make the ecosystem better, bigger, and safer,' Renaldi said, adding that building a safe digital asset economy requires more than just legal clarity. 'We're not only focusing on regulation but also the economic effects of crypto. Indonesia currently ranks among the top countries in global crypto adoption, and it's still growing.' Philippine blockchain powers government budget system In the Philippines, blockchain is no longer a proof of concept (PoC)—it's part of public sector infrastructure. Paul Soliman, Chairman and CEO of BayaniChain, revealed that his company's Layer 2 network is being used by the country's Department of Budget and Management (DBM) to process government transactions. 'We're the only blockchain infrastructure company in the Philippines,' Soliman said. 'And we're not just experimenting—we're processing billions of pesos in government transactions on-chain.' Soliman, who also sits on the Blockchain Council of the Philippines (BCP), emphasized the growing involvement of the private sector in shaping blockchain policy, saying, 'We have active partnerships with government agencies like the Commission on Higher Education (CHED) and DBM. The Blockchain Council [of the Philippines] helps bridge the gap between innovators and regulators.' He said this progress is aided by the Philippines' Securities and Exchange Commission's (SEC) sandbox program, which allows companies to test blockchain-based financial products in a controlled environment. 'The Philippines is more advanced than some countries when it comes to regulatory experimentation,' Soliman said. 'Through the sandbox, companies can explore tokenization and security tokens under SEC oversight.' However, he pointed out that sandbox operations are still limited, saying, 'There's no live product yet. It's all testing under strict compliance conditions.' AI will transact on blockchain within a decade, Soliman predicts Looking ahead, Soliman sees blockchain merging with artificial intelligence (AI) to create fully autonomous systems. 'I'm also a Microsoft MVP, and we're developing agent-to-agent protocols,' he said. 'In five to ten years, AI agents will transact with each other directly on the blockchain. That's the next big leap.' He pointed to growing real-world use cases, including stablecoins. 'In the Philippines, stablecoins are being called the 'super app of payments' because of their intuitive use. People understand them. Onboarding is easy. That's accelerating adoption,' he said. Data shows region leads the world in adoption The 2024 Global Crypto Adoption Index from Chainalysis confirms that Southeast Asia, especially the Central and Southern Asia and Oceania (CSAO) region, is leading the world in blockchain uptake. The rankings are based on four key indicators: centralized service value received, retail transaction volume, decentralized finance (DeFi) protocol use, and DeFi-based retail transfers. All are weighted by GDP per capita on a purchasing power parity basis, which favors countries where digital currency transactions represent a larger share of economic activity. According to the report, the Philippines, Indonesia, Vietnam, and Thailand score high across all sub-index categories. The emphasis on actual economic value versus headline volume has brought emerging economies to the forefront. In this model, a $100 transaction in a developing country can count for more than a $10,000 transaction in a high-income nation, provided it reflects real usage by individuals. Southeast Asia builds, not just adopts As blockchain became part of public infrastructure, finance, and digital economies across Southeast Asia, the panel's message was clear: Southeast Asia is no longer on the sidelines. 'Indonesia is not waiting anymore,' Renaldi said. 'Crypto and blockchain are already embedded in our economy.' Soliman echoed that sentiment. 'We're not users – we're builders.' Watch: The Philippines is moving toward blockchain-enabled tech title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen>
Associated Press
30-05-2025
- Business
- Associated Press
Inaugural Global Business Summit in Jakarta convened to advance sustainable BRI Infrastructure Cooperation for SDGs
JAKARTA, Indonesia, May 30, 2025 /PRNewswire/ -- The 'Inaugural Global Business Summit on Belt and Road Infrastructure Investment for Better Business Better World and Sustainable Development Goals' (the Summit) officially opened on May 25 in Jakarta. The Summit is co-hosted by the Government of Indonesia, the United Nations Global Compact 'Sustainable Infrastructure for the Belt and Road Initiative to Accelerate the SDGs' Action Platform (UN Global Compact BRI for SDG Action Platform), THK Forum, United in Diversity Foundation (UID), the Indonesian Chamber of Commerce and Industry (KADIN), UN Global Compact Network Indonesia (IGCN), International Chamber of Commerce (ICC), and the Sustainable Development Solutions Network (SDSN). In keynote addresses, UN Under-Secretary-General Li Junhua emphasized the imperative for 'low-carbon, resilient, and universally accessible infrastructure' while the UN Assistant Secretary General, and Executive Director of UN Global Compact Sanda Ojiambo outlined four strategic priorities for businesses: adopting science-based decarbonization targets, prioritizing circular economy principles, engaging local communities, and leveraging blended finance. Xiamen Airlines Chairman Zhao Dong highlighted the pivotal role of aviation connectivity in advancing the 'Air Silk Road'. The summit yielded substantive outcomes, including the launch of the report Transition Finance for Sustainable Development of Traditional Industries and nine cross-sector initiatives spanning green energy transition, SME empowerment, and global health cooperation. A landmark Joint Statement by the UNGC BRI for SDG Action Platform High-Level Steering Committee reaffirmed BRI's role as a global public good for infrastructure investments and business participation, committing to sustainable development through responsible business and multi-stakeholder partnerships across sectors including healthcare, energy, telecommunications, construction, manufacture, transportation, food, agriculture and digital infrastructure. Four expert roundtables addressed critical themes: sustainable supply chains in green minerals, healthcare innovation, ESG compliance, and green industrial park development. Marking the 75th anniversary of China-Indonesia diplomatic ties, UN resident coordinator's office in Indonesia and China joined hands with UN Global Compact company participants to co-launch Sino-Indonesia Corporate Communities Action Network for sustainable development to enhance sustainable communities and SDGs. Business leaders endorsed establishing an annual business summit mechanism to ensure BRI projects align with SDGs and promote international standard and private sector best practices. The summit concluded with a unified call to action, underscoring shared responsibility in building an inclusive, climate-resilient future through strengthened BRI collaboration. This inaugural event has established a new paradigm for public-private partnerships in sustainable infrastructure development, setting the stage for long-term, principled cooperation. Photo - Logo - View original content to download multimedia: SOURCE UN Global Compact
Barnama
25-05-2025
- Business
- Barnama
Indonesia's Prabowo Hails China's Support For Palestine
JAKARTA, May 25 (Bernama) -- Indonesian President Prabowo Subianto praised China's support for developing nations and its long-standing advocacy for the Palestinian cause. 'To this day, China's leadership - particularly in defending the rights of the Palestinian people - remains an inspiration to us all,' he said during the Indonesia–China Business Reception 2025, held in Central Jakarta on Saturday evening. The event, hosted by the Indonesian Chamber of Commerce and Industry (KADIN), was attended by Chinese Premier Li Qiang, who arrived in Indonesia on Saturday for a three-day official visit. Prabowo also emphasised the strategic importance of Indonesia's partnership with China, calling the relationship crucial for safeguarding regional peace and stability. 'The relationship between Indonesia and China is highly strategic, deeply important, and greatly promising, with the potential to shape the course of peace and stability throughout our region,' he said. Prabowo praised China's ancient civilisation and enduring cultural values, highlighting its emphasis on 'the common good, mutual benefit' and its pursuit of peace and harmony. He acknowledged China's historical support for global liberation movements, even during its own early stages of development, and expressed admiration for Beijing's ongoing opposition to oppression, imperialism, colonialism, and apartheid. In official remarks released by the Presidential Secretariat, Prabowo reaffirmed his commitment to safeguarding and advancing progress in bilateral relations. He called for broader cooperation beyond trade to include education, healthcare, tourism, and scientific research.
Fibre2Fashion
06-05-2025
- Business
- Fibre2Fashion
Indonesia's KADIN lobbies US NCC for lower tariff on garment exports
Indonesia's Chamber of Commerce and Industry (KADIN) is lobbying the US National Cotton Council (NCC), hoping to help the former's garment product exports enjoy the lowest US import tariff possible. The chamber is considering a deal with NCC in which the former purchases US-made processed cotton and exports the final garment product back to the United States. It expects a lower tariff, zero per cent if possible, through this scheme, according to KADIN chief Anindya Bakrie. Indonesia's Chamber of Commerce and Industry is lobbying the US National Cotton Council (NCC), hoping to help the former's garment exports enjoy the lowest US import tariff possible. It is considering a deal with NCC in which the former purchases US-made processed cotton and exports the final garment product back to the US. It also requested NCC to help lobby the US government through the USTR. Bakrie discussed the proposal while meeting NCC vice president Robbie Minch in Washington D.C. recently. He also requested NCC to help lobby the US government through the US trade representatives (USTR). Bakrie is optimistic for open cooperation opportunities with NCC though US-made cotton is facing stiff competition against China and Brazil, an Indonesian news agency reported. A balanced trade will enhance export opportunities for Indonesia-made garments, footwear and electronics to the United States, he said. 'This will not only support business growth but also benefit entrepreneurs and factory workers across the country,' he added. Fibre2Fashion News Desk (DS)
