Mr. Iqbal Masril Djanaik’s Post

President of the Republic of Indonesia, Prabowo Subianto, attended the Indonesia-Brazil Business Forum, held at Copacabana Palace, Rio de Janeiro, Brazil, on Sunday, November 17, 2024. The forum brought together business players from Indonesia and Brazil to discuss opportunities for strategic economic cooperation, including in the energy, industrial and maritime sectors. President Prabowo highlighted the many similarities between Indonesia and Brazil, ranging from natural resources to strategic vision for the future. "Indonesia and Brazil are big countries with big populations. We have abundant resources. Brazil is advanced in its industry, while Indonesia is trying to catch up through industrialization. I believe we can create good synergies and mutually beneficial relationships." President Prabowo also expressed his support for Brazil's role as one of the key members of BRICS, an increasingly influential economic organization in the global arena. The Head of State expressed Indonesia's commitment to become a member of BRICS as part of a strategy to strengthen the national economy. "I have sent the Minister of Foreign Affairs to attend the BRICS Summit in Kazan, just a day after my cabinet was sworn in. Indonesia wants to join Brazil and other BRICS member countries," the President said. In addition, President Prabowo emphasized the importance of food security as the main foundation of a country's development. He underlined the free food program for Indonesian children as a priority of his administration, while learning from Brazil's success in a similar program. "I also want to learn from Brazil's successful program, and I have asked my team to arrange further cooperation with the Brazilian Ambassador in Indonesia," President Prabowo said. On energy, President Prabowo highlighted great opportunities for cooperation, particularly in the development of biofuels and renewable energy. Indonesia has an ambition to increase the use of biodiesel to 50 percent by 2025, utilizing palm oil as the main raw material. Meanwhile, in the maritime sector, President Prabowo stated that Indonesia has the second or third largest fishery reserves in the world, but lacks 40,000 fishing vessels with a capacity of 150-300 GT. President Prabowo also invited Brazilian businesses to invest in this sector, while supporting Indonesia's natural resources downstream program. President Prabowo concluded his remarks by underlining Indonesia's commitment to creating a positive business climate that is open to foreign investment. "We are determined to create a positive business environment," the President said. Also accompanying President Prabowo at the event were Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Foreign Affairs Sugiono, Cabinet Secretary Teddy Indra Wijaya, Deputy Minister of Finance Thomas Djiwandono, and Indonesian Ambassador to Brazil Edi Yusup. (BPMI Setpres)

President of the Republic of Indonesia, Prabowo Subianto, attended the Indonesia-Brazil Business Forum, held at Copacabana Palace, Rio de Janeiro, Brazil, on Sunday, November 17, 2024. The forum brought together business players from Indonesia and Brazil to discuss opportunities for strategic economic cooperation, including in the energy, industrial and maritime sectors. President Prabowo highlighted the many similarities between Indonesia and Brazil, ranging from natural resources to strategic vision for the future. "Indonesia and Brazil are big countries with big populations. We have abundant resources. Brazil is advanced in its industry, while Indonesia is trying to catch up through industrialization. I believe we can create good synergies and mutually beneficial relationships." President Prabowo also expressed his support for Brazil's role as one of the key members of BRICS, an increasingly influential economic organization in the global arena. The Head of State expressed Indonesia's commitment to become a member of BRICS as part of a strategy to strengthen the national economy. "I have sent the Minister of Foreign Affairs to attend the BRICS Summit in Kazan, just a day after my cabinet was sworn in. Indonesia wants to join Brazil and other BRICS member countries," the President said. In addition, President Prabowo emphasized the importance of food security as the main foundation of a country's development. He underlined the free food program for Indonesian children as a priority of his administration, while learning from Brazil's success in a similar program. "I also want to learn from Brazil's successful program, and I have asked my team to arrange further cooperation with the Brazilian Ambassador in Indonesia," President Prabowo said. On energy, President Prabowo highlighted great opportunities for cooperation, particularly in the development of biofuels and renewable energy. Indonesia has an ambition to increase the use of biodiesel to 50 percent by 2025, utilizing palm oil as the main raw material. Meanwhile, in the maritime sector, President Prabowo stated that Indonesia has the second or third largest fishery reserves in the world, but lacks 40,000 fishing vessels with a capacity of 150-300 GT. President Prabowo also invited Brazilian businesses to invest in this sector, while supporting Indonesia's natural resources downstream program. President Prabowo concluded his remarks by underlining Indonesia's commitment to creating a positive business climate that is open to foreign investment. "We are determined to create a positive business environment," the President said. Also accompanying President Prabowo at the event were Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Foreign Affairs Sugiono, Cabinet Secretary Teddy Indra Wijaya, Deputy Minister of Finance Thomas Djiwandono, and Indonesian Ambassador to Brazil Edi Yusup. (BPMI Setpres)

President of the Republic of Indonesia, Prabowo Subianto, attended the Indonesia-Brazil Business Forum, held at Copacabana Palace, Rio de Janeiro, Brazil, on Sunday, November 17, 2024. The forum brought together business players from Indonesia and Brazil to discuss opportunities for strategic economic cooperation, including in the energy, industrial and maritime sectors. President Prabowo highlighted the many similarities between Indonesia and Brazil, ranging from natural resources to strategic vision for the future. "Indonesia and Brazil are big countries with big populations. We have abundant resources. Brazil is advanced in its industry, while Indonesia is trying to catch up through industrialization. I believe we can create good synergies and mutually beneficial relationships." President Prabowo also expressed his support for Brazil's role as one of the key members of BRICS, an increasingly influential economic organization in the global arena. The Head of State expressed Indonesia's commitment to become a member of BRICS as part of a strategy to strengthen the national economy. "I have sent the Minister of Foreign Affairs to attend the BRICS Summit in Kazan, just a day after my cabinet was sworn in. Indonesia wants to join Brazil and other BRICS member countries," the President said. In addition, President Prabowo emphasized the importance of food security as the main foundation of a country's development. He underlined the free food program for Indonesian children as a priority of his administration, while learning from Brazil's success in a similar program. "I also want to learn from Brazil's successful program, and I have asked my team to arrange further cooperation with the Brazilian Ambassador in Indonesia," President Prabowo said. On energy, President Prabowo highlighted great opportunities for cooperation, particularly in the development of biofuels and renewable energy. Indonesia has an ambition to increase the use of biodiesel to 50 percent by 2025, utilizing palm oil as the main raw material. Meanwhile, in the maritime sector, President Prabowo stated that Indonesia has the second or third largest fishery reserves in the world, but lacks 40,000 fishing vessels with a capacity of 150-300 GT. President Prabowo also invited Brazilian businesses to invest in this sector, while supporting Indonesia's natural resources downstream program. President Prabowo concluded his remarks by underlining Indonesia's commitment to creating a positive business climate that is open to foreign investment. "We are determined to create a positive business environment," the President said. Also accompanying President Prabowo at the event were Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Foreign Affairs Sugiono, Cabinet Secretary Teddy Indra Wijaya, Deputy Minister of Finance Thomas Djiwandono, and Indonesian Ambassador to Brazil Edi Yusup. (BPMI Setpres)

Local content drives sustainable growth: Experts say a strong local content policy can help attract foreign investment, while ensuring Namibians get a fair share of the country’s resources. This was discussed at the Namibia Chamber of Commerce and Industry’s (NCCI) Namibia Business Symposium on fostering industry collaboration, held at Walvis Bay earlier this month. Held under the theme: ‘Championing Namibia’s Local Content for Diversity, Inclusion and Sustainable Economic Growth’, the week-long event featured interactive discussions on critical topics. Jason Kasuto, managing director of Monasa Advisory and Associates and chairperson of the Economic Association of Namibia said the central focus of the symposium was a panel discussion titled ‘Advancing Namibian Local Content Policy: Inputs and Perspectives’. Kasuto emphasised the significance of a robust local content policy in ensuring Namibian citizens equitably benefit from the nation’s natural resources. He referenced articles 99 and 100 of the Namibian Constitution, underscoring the need to balance attracting foreign investment with maximising domestic advantage from resource exploitation. “The local content policy establishes a framework for stakeholder alignment. However, a targeted implementation strategy is crucial to operationalise the policy’s objectives. While policy issuance is a necessary catalyst, effective execution is paramount,” Kasuto said. Meanwhile, Halliburton Sub-Saharan Africa vice president Antoine Berel proposed the term ‘in-country value creation’ as a guiding principle. Berel outlined Halliburton’s commitment to maximising in-country value for Namibians throughout their operations. Chairperson of the public affairs committee of the Namibia Petroleum Operators Association Maria Mbudhi highlighted the need for improved policy coherence across government entities and addressed challenges faced by oil and gas operators. She pointed out inconsistencies between the duration of oil block licences issued by the Ministry of Mines and Energy and the validity periods of work permits for foreign specialists. Joao Tiago of Schlumberger presented his company’s initiatives to empower the local workforce, including international training programmes for graduates and partnerships with Namibian universities. Knowledge Ipinge, acting managing director of Operatec Maritime and Industrial Training College, highlighted their efforts to equip Namibians with essential oil and gas sector skills. The conversation extended to addressing the funding needs of small and medium enterprises (SMEs) seeking to participate in the oil and gas sector. Fillemon Hamutenya of Ino-Harith Capital discussed their strategic partnership with Modena, a prominent Nigerian private equity firm, to bridge the funding gap for Namibian SMEs venturing into oil and gas. Hamutenya said the Namibia Business Symposium culminated…

Attracting Belgian Investors and Business Partners: Thai Binh’s Vision for Economic Growth The Vietnamese Embassy in the Kingdom of Belgium and the Belgium-Vietnam Alliance (BVA) co-organized this event as part of the Thai Binh Provincial People’s Council delegation’s European tour, led by Chairman Nguyen Tien Thanh, to promote the province’s economic potential and attract Belgian and European partners. Lien Ha Thai – A pioneer industrial park in the Thai Binh Economic Zone. Illustration photo: The World/ VNA According to a VNA reporter in Brussels, in his remarks at the workshop, Vietnamese Ambassador to Belgium and Head of the Vietnamese Mission to the EU, Nguyen Van Thao, highlighted the diverse cooperation potential between the two countries in six critical areas: port-logistics, modern agriculture, green energy, healthcare and pharmaceuticals, human resources training, and people-to-people exchange. The ambassador emphasized that in December 2022, Vietnam was the third country globally to approve the Just Energy Transition Partnership (JETP) with the G7 countries, the European Union (EU), Denmark, and Norway. This presents a tremendous opportunity for Thai Binh to collaborate with Belgian partners in the field of green energy, one of the province’s priority sectors for investment attraction. Permanent Vice Chairman of the Thai Binh Provincial People’s Council, Dang Thanh Giang, presented the province’s economic development in the past year, with a GRDP growth rate of 7.37% compared to 2022. Foreign direct investment (FDI) attraction in 2023 reached over USD 3 billion, ranking 5th in the country. The province’s export turnover reached USD 2.6 billion, a 6.0% increase, while import turnover neared USD 1.8 billion. Mr. Dang Thanh Giang emphasized that these figures and investment trends in the province confirmed Thai Binh’s strong investment appeal. The province aspires to comprehensive cooperation in multiple fields with Belgian partners, specifically: promoting the exchange and import-export of goods in which both sides have strengths. Seeking opportunities for cooperation in high-tech agriculture, new and renewable energy, climate change adaptation, manufacturing industries, logistics, and services. Facilitating cooperation in education, human resources exchange and training, healthcare, and cultural exchange. For the 2021–2025 period, Thai Binh has planned to invest in 37 specialized projects in industry, agriculture and fisheries, trade and services, building industrial park and cluster infrastructure, transportation infrastructure, environmental protection, and constructing hydraulic and dyke works. Thai Binh is one of Vietnam’s significant exporters of agricultural and aquatic products, with various agricultural products such as rice, vegetables, and fruits. The province encourages the development of processing industries, supporting industries, and industries serving agriculture, as well as wind power and electricity....

Why Panama Should Be Your Next Investment Destination Panama offers a wealth of opportunities for savvy investors. Here are five compelling reasons to consider investing in this dynamic and strategically located country: 1. A Key Player in Global Trade - Strategic Location: The Panama Canal is a vital transit point for global trade, connecting the Atlantic and Pacific oceans. - World-Class Logistics Hub: Panama's ports and Tocumen International Airport make it a critical node in the global supply chain. - Stable Environment: Politically and economically stable, with a currency pegged to the US dollar and business-friendly policies. 2. Robust Agricultural Sector - Diverse Production: From tropical fruits like bananas and pineapples to world-renowned coffee, Panama's agriculture is diverse and lucrative. - Agroparks: New initiatives are boosting productivity and simplifying export processes, creating more opportunities for investors. - Quality Produce: Panama's Geisha coffee beans are highly sought after, contributing to the growth of coffee tourism. 3. Embracing the IT Revolution - High Connectivity: Six underwater fiber-optic cables with four more on the way, ensuring excellent internet penetration and speed. - Digital Agenda: Aims to reduce inequality, increase competitiveness, and boost innovation. - Support for Startups: Financial incentives and regulatory frameworks are fostering a vibrant tech scene, including remote work visas for global talent. 4. Thriving Tourism Industry - Natural Beauty: From rainforests to sandy beaches, Panama's landscape is perfect for eco-tourism and adventure activities. - Cultural Richness: Authentic experiences with indigenous tribes and colonial architecture. - Event Destination: Modern facilities like the Panama Convention Center attract major international events and conventions. 5. Regional Energy Hub - Renewable Energy: Significant investment in solar, wind, and hydroelectric power, positioning Panama as a leader in clean energy. - Electric Mobility: Ambitious plans to increase the use of electric vehicles, reducing the country's carbon footprint. - Energy Exporter: Panama's liquefied natural gas plant supports energy needs across Central America. Curious About Panama's Investment Opportunities? What aspects of Panama's investment landscape intrigue you the most? Let's chat and explore how you can benefit from the unique opportunities Panama has to offer!

#ECONOMY 📍Portugal's Minister of Economy, Pedro Reis, stated that the country is becoming a "safe haven for investments" amidst geopolitical and economic instability. Speaking at the Financial Times conference in Lisbon, he emphasized that in the current environment of volatility and new trade patterns, Portugal offers a favorable ecosystem for private investments and innovation. 💡 A particular focus was placed on the high share of renewable energy, accounting for over 60% of total electricity production, and the relatively low electricity prices. According to AICEP, these factors position Portugal as a competitive destination for sustainable investments and technology. Additionally, Portugal ranks among the top 30 countries globally in investment attractiveness, according to the Global Competitiveness Index. 🔑 Key investment sectors: renewable energy, innovation, and sustainable development. https://lnkd.in/dFG4sn-m

What are the geopolitical and strategic implications of Brazil joining China's Belt and Road Initiative, potentially before the end of this year - and what are the diplomatic and commercial ramifications for the United States and the European Union? Recommending an insightful assessment below by RANE on Stratfor.Com. At first sight, joining would make good sense for #Brazil, as #China has become the largest purchaser by far of Brazilian agricultural products, accounting for 73.1% of the country's soybean exports, 60.4% of its global beef sales and 29% of its transgenic corn in 2023. Bilateral trade between Brazil and China reached $96.5 billion over the first semester of 2024, a 9.3% increase compared to the same period in 2023. Although China has been Brazil's top trading partner since 2009, it only ranked 8th in terms of foreign direct investment stock and 30th in terms of foreign direct investment flows in 2022, the latest data available. The #UnitedStates led both rankings for Brazil, accounting for nearly 24% of FDI stock and flows in the country, followed by the #Netherlands with 13.2% and 20%, respectively. As argued by RANE: "For Brazil, admission to China's BRI would result in quicker access to bigger financing volumes, large infrastructure projects and the diversification of Chinese investments across its economy." However, as the Belt and Road Initiative will greatly influence the future of global trade, it may also lead to unintended consequences, such as permanent environmental degradation. First and foremost, in my opinion, we'll have to answer the question: #infrastructure for what and for whom? What do we want for the #Amazon and for #Brazil? Re-commodifying Brazil's exports or strengthening a #bioeconomy? A couple of billion dollars for a few mining and logistics concessions companies, with a lifespan of few decades, or promoting a long-lasting #agroforestry economy, decentralized in thousands and thousands of local economic agents? What economy will sustain our society and our landscape? These questions ought to be answered now. Rigorous strategic environmental and social assessments, especially by raising the bar for environmental protection, should be top of mind as the Belt and Road Initiative is not necessarily a “common development plan,” a “mutual benefit” or “win–win." The impact of the current extreme weather events and out-of-control fires on Brazil's broader economy and society's well-being raise urgent questions on viability. I hope these questions and concerns are top of mind, not only in the capital cities of #Brasilia and #Beijing, but also at Dilma Rousseff's BRICS Bank. It's time we all refashion the tools of #finance, channelling funding away from extractive and destructive, into regenerative and restorative development models. Unless the flow of money - also for infrastructure - becomes #netzero and #naturepositive, we will continue to finance ourselves into extinction. 🙏🏾🌎🌳

🌍 Serrari Group Endorses Nigeria’s $9 Billion IPADA Investment: Boosting Africa’s Economy with AKL Lumi The Serrari Group, a platform focused on finance, investments, and economic insights, recently published an article discussing Nigeria's $9 billion IPADA investment, which includes the construction of six luxurious cruise ships, driven by the AKL Lumi currency. The publication highlights the economic and tourism potential this investment brings to Nigeria and Africa at large, promoting the use of AKL Lumi as a tool for regional economic stability. Serrari Group’s analysis supports the integration of AKL Lumi into Africa's financial ecosystem, emphasizing the currency's potential to foster economic growth through large-scale investments like the IPADA initiative. With a global outreach, Serrari Group’s activities are concentrated in regions such as Kenya, the USA, Canada, and the UK, underscoring its influence across diverse markets. This publication and Serrari’s endorsement of the AKL Lumi integration signal confidence in the currency's role in stabilizing African economies through major projects. The strategic focus on broad-reaching investments like the cruise ships further solidifies the currency’s importance in fostering long-term financial sustainability on the continent. You can read the full article https://lnkd.in/dfxKUGts

Namibia is becoming an increasingly attractive economic destination for countries in the Global South due to several factors. Here are some key reasons: 1. **Abundant Natural Resources:** Namibia possesses significant natural resources, including uranium, diamonds, gold, and other precious metals. The country is one of the world's largest producers of uranium, which is crucial for sustainable energy. 2. **Stable Political Environment:** Namibia enjoys a relatively stable political environment, fostering investor confidence and providing an attractive climate for foreign direct investment (FDI). The country has a democratic political system and a commitment to parliamentary governance. 3. **Strategic Location:** Geographically, Namibia's position at the southwest tip of Africa provides access to both the Atlantic Ocean and neighboring countries, facilitating trade routes to other nations in Southern Africa and coastal access for imports and exports. 4. **Infrastructure Development:** Namibia has been investing in infrastructure development, including transportation, energy production, and port facilities, which enhances connectivity and facilitates trade. 5. **Economic Diversification:** The Namibian government has been actively working to diversify its economy, promoting sectors like agriculture, tourism, and manufacturing, creating broader opportunities for investment. 6. **Tourism:** Namibia's unique landscapes and rich cultural heritage make it a sought-after destination for tourism, with significant potential for growth. 7. **Renewable Energy Potential:** Namibia has substantial renewable energy resources, particularly solar and wind, positioning the country as a potential leader in sustainable energy production in Africa. 8. **Trade Agreements and Regional Integration:** Namibia is a member of several regional trade agreements and organizations, which can enhance trade and investment opportunities with other nations in the region. 9. **Investment Incentives:** The Namibian government offers various incentives for foreign investors, including tax breaks and special economic zones. 10. **Global Partnerships:** Namibia has been increasing its engagement with countries in the Global South, seeking partnerships that can enhance trade, investment, and technology transfer. In conclusion, Namibia's natural resources, political stability, strategic location, and efforts to diversify its economy make it an attractive destination for investment and economic cooperation within the Global South. As these trends continue to develop, Namibia could become an increasingly significant player in the regional economy and beyond.