Indonesia is still the main investment destination in the Southeast Asia (ASEAN) region. In research conducted by Google, Temasek, and Bain & Company entitled e-Conomy SEA 2022 Report, this year Indonesia attracted 25% of the total value of Southeast Asian private funding. Deputy Head, Technology & Consumer and Southeast Asia, Temasek, Fock Wai Hoong explained, Indonesia remains a magnet for investors because it has strong fundamentals "Indonesia's digital economy will continue to attract investment because of its strong fundamentals, such as having a very active user base in large numbers and a dynamic technology startup ecosystem," said Fock Wai Hoong at a virtual press conference, Jakarta, Tuesday (8/11/2022). Even in the long term, Indonesia together with Vietnam and the Philippines remain attractive to investors. However, due to macroeconomic constraints, the transaction value in Semester I-2022 fell by USD 2 billion due to concerns about profitability and valuation. For information, digital financial services (especially those focused on B2B payments and loan services) have replaced the e-commerce sector as the top investment sector. In semester I-2022, the investment value has reached USD 1.5 billion. Across Southeast Asia, including Indonesia, more than 80% of venture capitalists (VCs) want to focus more on new sectors. Such as health technology (health tech), SaaS, and Web 3.0. Meanwhile, the education technology sector (ed tech) experienced a decline in post-pandemic as schools reopened. In this regard, Wai Hoong said his party will work closely with the business sector, government, and society to become a bridge for sustainable growth. So that digital economic inclusion is achieved for every community in Southeast Asia. "Temasek is committed to using our catalytic capital to drive sustainable and inclusive growth in Southeast Asia's digital economy so that every generation can prosper," he said.
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif held a virtual meeting with the Minister of Energy of the Kingdom of Saudi Arabia, HRH Prince Abdulaziz Bin Salman bin Abdulaziz Al Saud. This meeting is to strengthen bilateral relations in the energy sector between Indonesia and Saudi Arabia. Arifin Tasrif emphasized that the brotherly relationship between Indonesia and Saudi Arabia is very important. "The Kingdom of Saudi Arabia in the energy sector has become the main partner of Indonesia's cooperation. Saudi Arabia is a supplier of crude oil and its processed products to Indonesia," Arifin explained in a written statement, Tuesday (11/8/2022). Furthermore, the two energy ministers also discussed increasing cooperation between the two countries in other energy fields. "Such as investment opportunities for petrochemicals, oil refineries, power plants originating from new and renewable energy in Indonesia," said Arifin. To welcome it, Abdulaziz said that the Kingdom of Saudi Arabia is ready to accommodate increased energy cooperation, both conventional and renewable, with the Government of Indonesia. "Saudi Arabia opens the widest possible opportunities for cooperation and collaboration for the transfer of knowledge and technology as well as increasing awareness of the Circular Carbon Economy," he said.
