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Ministry of Investment and IIPC supported the development of small and medium enterprises (UMKM) at Shoppe Object NYC 2024. This support was part of a broader initiative to promote Indonesian artisans on the global stage, providing them with the resources and exposure needed to succeed in international markets.The Indonesia Pavilion at Shoppe Object 2024 showcased exceptional Indonesian craftsmanship, offering a unique opportunity for attendees to explore Indonesia’s rich cultural heritage and innovative designs on a global stage. This year’s pavilion featured eight talented artisans selected by Jennifer Isaacson.Jennifer Isaacson is a professional curator from the U.S. with over 20 years of experience. Since 2016, she has equipped more than 1,200 Indonesian handmade artisans with the knowledge to develop strong business plans and craft products suited to the U.S. market. The artisans showcased their unique products reflecting Indonesia's rich culture and creativity. Among the participants at the Indonesia Pavilion, visitors could find Batik Amarilis with its traditional batik collections combined with modern designs, Damdam Ceramics offering charming artistic ceramics, and Du Anyam with environmentally friendly handwoven crafts.Additionally, Kresek Project introduced products with local cultural touches, Palemcraft displayed innovative palm-based crafts, and Retota presented functional and aesthetic designs. Seco provided quality accessories and decorations, while Seken Living offered elegant home furnishings. With its diverse and unique products, the Indonesia Pavilion was the perfect place to discover the beauty and uniqueness of Indonesian craftsmanship.Shoppe Object is New York’s premier home and gift show, featuring a curated selection of visionary brands and makers in an elevated setting. In partnership with parent company ANDMORE (formerly IMC), the event serves as a key resource for trendsetting merchants and influential editors. Shoppe Object debuted in NYC in 2018 as a small independent show with 100 brands; since then, it has grown to host four events per year and a year-round digital marketplace, showcasing over 700 brands in Manhattan’s Lower East Side and more than 100 home goods and furniture brands at High Point Market.From August 4-6, Shoppe Object NYC 2024 successfully took place at Skylight at the Essex Crossing #T100, presenting a premier home and gift exhibition with over 400 brands and visionary creators showcasing their products in an elevated setting. Over the course of three days, visitors had the opportunity to explore a wide range of high-quality products, including new product launches and exclusive offerings. The exhibition is renowned as a leading platform for trendsetting merchants and influential editors, offering an inspiring and informative experience.The Shoppe Object event was an outstanding showcase for the latest trends in home and gift. Attendees enjoyed a curated selection of innovative brands and artisans, including the Indonesia Pavilion featuring exceptional Indonesian craftsmanship. The event marked a significant step in introducing and expanding international recognition of Indonesian craftsmanship. It was an opportunity to explore new designs, interact with influential industry leaders, and gain fresh insights into the future of home and gift products. The event offered a dynamic and inspiring experience for all who attended and contributed to enhancing the visibility and reputation of Indonesian craftsmanship in the global market.

Rhun Island, located in the Banda District of Indonesia, played a pivotal role in the 17th-century spice trade, while Manhattan Island in New York City emerged as a crucial colonial hub during the same period. The intense competition between the Dutch and the English over control of the spice trade led to significant geopolitical shifts and conflicts between these two European powers.In 1667, the Treaty of Breda marked a notable turning point in colonial history. This treaty was a result of ongoing conflicts between England and the Netherlands and led to a major territorial exchange. Under the terms of the agreement, England secured control over Manhattan Island, which had previously been under Dutch control. In return, the Netherlands reclaimed Rhun Island, which was integral to their spice trading operations.This treaty underscored the immense economic value attached to spices, which were a major driver of international treaties and colonial politics in the 17th century. Manhattan's transition to English control paved the way for its future development into New York City, an influential center of commerce and culture. Meanwhile, the Netherlands' reacquisition of Rhun Island allowed them to continue their dominance in the lucrative spice trade.The impact of this exchange extended beyond the immediate geopolitical landscape. By the late 17th century, spices began to be introduced to the American colonies through ports such as New York, which was controlled by the English following the Treaty of Breda (1667). These spices, transported by European traders, quickly became a staple in American kitchens as transatlantic trade routes expanded.The introduction of spices to the American colonies marked a significant shift in both culinary practices and economic dynamics. Spices such as cloves, nutmeg, cinnamon, and pepper, which had once been exclusive to European tables, began to enrich American cuisine, transforming it with new flavors and enhancing food preservation techniques. This influx of exotic spices also spurred a growing market for these products in the colonies, influencing local trade and commerce. The establishment of New York as a major port of entry for spices facilitated the growth of a transatlantic trade network that would continue to expand in the centuries that followed. As American settlers became more accustomed to these new ingredients, they began to incorporate them into their daily lives, further integrating the influence of international trade into the American culinary tradition.Currently, spices remain an essential component of the global culinary, pharmaceutical, and health industries. They enhance the flavors of diverse cuisines, contribute to health supplements, and are sought after worldwide. The modern spice industry also emphasizes sustainable practices and environmentally friendly agriculture, reflecting a growing commitment to ecological stewardship. The demand for high-quality spices continues to drive innovation in agricultural technology, ensuring that spice cultivation can meet global needs while minimizing environmental impact. As consumers become more conscious of sustainability, there is a push toward practices that support fair trade, reduce carbon footprints, and preserve biodiversity.Indonesia, commonly known as the 'Mother of Spices”, continues to be a leading global producer of spices, including cloves, nutmeg, pepper, and cinnamon. Its rich spice heritage not only bolsters its position in the global market but also drives economic development and cultural exchange. The country’s spices are renowned for their superior quality, contributing significantly to international markets.Indonesia leverages its historical and geographical advantages to enhance its role in the spice trade, incorporating advanced agricultural techniques and sustainable practices to ensure the continued excellence of its spice products. This commitment to quality and innovation positions Indonesia as a key player in the global spice industry, influencing both market trends and culinary practices worldwide.As part of ongoing efforts to celebrate and deepen international partnerships, August will see the commemoration of the diplomatic relationship between Indonesia and the United States. This event will highlight the enduring cultural and economic ties forged through the historical spice trade and reaffirm the shared commitment to sustainable and innovative agricultural practices.The legacy of the spice trade, from the strategic importance of Rhun Island to the development of Manhattan, illustrates the profound impact of these exchanges on global history and modern economies.

Indonesia, one of the largest copper producers globally, holds a vital asset in its mineral processing sector: the copper smelter in Gresik. This smelter, with a processing capacity of 1 million tons of concentrate per year, significantly contributes to the national economy through exports, job creation, and technological advancements.In 2022, Indonesia secured its position as the world’s seventh-largest copper producer, with a remarkable mining output of 920,000 tons. This significant achievement highlights Indonesia's crucial role in the global copper market, reflecting the country's vast mineral wealth and the effectiveness of its mining strategies. As countries transition towards renewable energy and digital technologies, the need for copper—an essential material for electrical wiring and components—continues to surge. Indonesia’s ability to consistently deliver substantial copper output enables it to contribute significantly to these global developments.The Gresik smelter, much like the Kennecott smelter in Utah, plays a crucial role in the copper industry, leveraging the rich resources of the Grasberg mine. However, what sets Gresik apart is its emphasis on adding value through domestic processing rather than merely exporting raw materials. This approach aligns with Indonesia's broader strategy to enhance economic benefits from its natural resources.Expanding its capabilities, Indonesia has also introduced a new copper smelter at the Java Integrated Industrial and Port Estate (JIIPE). Operated by PT Freeport Indonesia, this facility is notable for its cutting-edge design, being the world’s largest single-line smelter capable of processing 1.7 million tons of copper concentrate annually. This expansion not only boosts Indonesia’s national competitiveness but also solidifies its position as a global leader in sustainable mineral processing.To further support downstream processing, the Indonesian government is spearheading the Copper Cathodes for Sustainability project at JIIPE. This initiative will be a key focus at the upcoming 75th US-Indonesia Anniversary Business Forum on August 26, 2024. The forum, aimed at strengthening bilateral economic relations, will highlight Indonesia's advancements in copper processing and its potential for future growth.As global demand for copper continues to rise, driven by technological advancements and the transition to renewable energy, significant opportunities arise for Indonesia to enhance its capacity and improve the quality of its copper products. The Gresik smelter, along with the new JIIPE facility, is strategically positioned to expand production and increase exports, meeting the growing global demand.Government support, coupled with a robust global market, makes investing in the Gresik copper smelter and Indonesia's broader copper industry an attractive proposition. This not only promises substantial returns for investors but also bolsters economic growth and strengthens trade ties between Indonesia and the United States. Now is the opportune moment for investors to engage with Indonesia’s thriving copper industry, harnessing its potential to power the future.

Tin is a crucial mineral used in a variety of applications, including electronic solder, food packaging coatings, and other industrial processes. As a vital material for technology and packaging industries, tin plays a significant role in supporting economic growth.In 2023, Indonesia emerged as one of the largest tin producers globally, with the Bangka and Belitung Islands serving as the primary centers for tin extraction and processing. This position enables Indonesia to supply large quantities of tin to the international market, supporting various global industries and strengthening the local economy.https://databoks.katadata.co.id/datapublish/2024/04/04/indonesia-masuk-jajaran-negara-penghasil-timah-terbesar-global-2023In 2022, Indonesia's tin ore potential was estimated at 7.4 billion tons, equivalent to 2.5 million tons of tin metal. Proven reserves amount to 6.9 billion tons of ore, or 2.25 million tons of tin metal, underscoring the country's significant role in the global tin supply chain.To ensure the long-term sustainability of its tin industry, Indonesia faces challenges in optimizing resource use and improving efficiency and environmental management in its mining operations. Sustainable practices are crucial not only for maintaining economic benefits but also for minimizing environmental impact and preserving ecological balance.As the world's third-largest tin ingot producer, with annual production ranging from 50,000 to 55,000 tons, Indonesia has substantial opportunities to develop its downstream tin industry. This includes sectors such as tin solder production, essential for electronics; tin strips used in various industrial applications; and tin chemicals with diverse uses in the manufacturing sector.A key driver of this potential is the Java Integrated Industrial and Port Estate (JIIPE) located in Manyar, Gresik, East Java. JIIPE is Indonesia’s first integrated industrial and port estate, strategically designed to bolster industrial growth. Spanning 405 hectares, the estate is dedicated to metal clusters within a Special Economic Zone (SEZ). The infrastructure provided by JIIPE facilitates integrated operations, from raw material processing to finished product manufacturing, creating a robust environment for the development of the downstream tin industry.The establishment of JIIPE represents a strategic move that enhances Indonesia’s competitiveness by integrating industrial activities with port facilities, thereby reducing logistics costs and improving supply chain efficiency. This infrastructure is expected to attract both domestic and international investors, strengthening Indonesia’s position in the global tin market.Additionally, the development of the downstream industry within the SEZ could lead to the creation of high-value products and innovative applications, driving economic growth and further technological advancement. By focusing on this area, Indonesia can not only maximize the value derived from its tin resources but also contribute to the global supply of advanced tin-based products.In conclusion, Indonesia’s significant tin reserves, combined with strategic infrastructure like JIIPE, position the country as a major player in the global tin industry. With ongoing efforts to enhance sustainability and industry capabilities, Indonesia is well-positioned to strengthen its global market presence and ensure long-term economic and environmental benefits.

Tin is a crucial mineral used in a variety of applications, including electronic solder, food packaging coatings, and other industrial processes. As a vital material for technology and packaging industries, tin plays a significant role in supporting economic growth.In 2023, Indonesia emerged as one of the largest tin producers globally, with the Bangka and Belitung Islands serving as the primary centers for tin extraction and processing. This position enables Indonesia to supply large quantities of tin to the international market, supporting various global industries and strengthening the local economy.(https://databoks.katadata.co.id/datapublish/2024/04/04/indonesia-masuk-jajaran-negara-penghasil-timah-terbesar-global-2023)In 2022, Indonesia's tin ore potential was estimated at 7.4 billion tons, equivalent to 2.5 million tons of tin metal. Proven reserves amount to 6.9 billion tons of ore, or 2.25 million tons of tin metal, underscoring the country's significant role in the global tin supply chain.To ensure the long-term sustainability of its tin industry, Indonesia faces challenges in optimizing resource use and improving efficiency and environmental management in its mining operations. Sustainable practices are crucial not only for maintaining economic benefits but also for minimizing environmental impact and preserving ecological balance.As the world's third-largest tin ingot producer, with annual production ranging from 50,000 to 55,000 tons, Indonesia has substantial opportunities to develop its downstream tin industry. This includes sectors such as tin solder production, essential for electronics; tin strips used in various industrial applications; and tin chemicals with diverse uses in the manufacturing sector.A key driver of this potential is the Java Integrated Industrial and Port Estate (JIIPE) located in Manyar, Gresik, East Java. JIIPE is Indonesia’s first integrated industrial and port estate, strategically designed to bolster industrial growth. Spanning 405 hectares, the estate is dedicated to metal clusters within a Special Economic Zone (SEZ). The infrastructure provided by JIIPE facilitates integrated operations, from raw material processing to finished product manufacturing, creating a robust environment for the development of the downstream tin industry.The establishment of JIIPE represents a strategic move that enhances Indonesia’s competitiveness by integrating industrial activities with port facilities, thereby reducing logistics costs and improving supply chain efficiency. This infrastructure is expected to attract both domestic and international investors, strengthening Indonesia’s position in the global tin market.Additionally, the development of the downstream industry within the SEZ could lead to the creation of high-value products and innovative applications, driving economic growth and further technological advancement. By focusing on this area, Indonesia can not only maximize the value derived from its tin resources but also contribute to the global supply of advanced tin-based products.In conclusion, Indonesia’s significant tin reserves, combined with strategic infrastructure like JIIPE, position the country as a major player in the global tin industry. With ongoing efforts to enhance sustainability and industry capabilities, Indonesia is well-positioned to strengthen its global market presence and ensure long-term economic and environmental benefits.

In the second quarter of 2024, the Ministry of Investment/Investment Coordinating Board (BKPM) recorded significant investment realization from three key regions: the United States, Canada, and Latin America. These figures reflect strong global investor confidence in Indonesia's economic potential and reaffirm its strategic position as a leading investment destination in Southeast Asia.-Investments from the United States reached a total of $2 billion, spread across 2,299 projects in various sectors. Most of these investments flowed into the mining sector, accounting for 73% of the total, while 13% were directed to the metal industry. This indicates a strong interest from American investors in Indonesia's natural resources and heavy industry potential. East Java became the largest recipient of U.S. investments, accounting for 40.5% of the total, followed by Papua at 24.2%. These figures highlight the crucial role of these provinces in attracting foreign investment and supporting local economic growth.Canadian investment in Indonesia also showed strong growth, totaling $1.9 million across 458 projects. Most of these investments were directed to the mining sector, which accounted for 80% of the total. This demonstrates significant interest from Canadian investors in Indonesia's mineral wealth and natural resources. South Sulawesi was the primary recipient of Canadian investment, with 64%, followed by Central Sulawesi at 17% and Southeast Sulawesi at 11%. Other regions, such as Bali, West Java, Jakarta, and Central Kalimantan, also received substantial investment inflows, indicating a more balanced distribution across various parts of Indonesia.-During the same period, investments from Latin America amounted to $12.3 million, distributed across 421 projects. Most of these investments, around 24%, were directed to the hotel and restaurant sector, with Bali as the preferred location, receiving 62% of the total investment. As an international tourist destination that attracts many visitors, Bali has become a hub for investment growth in the tourism sector. Additionally, investments from Latin America flowed into other sectors, such as housing, industrial estates, and office space (22%), services (19%), and trade and repair (11%). This diversification reflects a growing interest from Latin American investors in broader economic opportunities in Indonesia.-These investment figures underscore Indonesia's potential as an attractive investment destination in Southeast Asia. With the ongoing development of infrastructure projects, environmentally friendly initiatives, and opportunities across various sectors, Indonesia offers numerous strategic opportunities for investors to expand their presence in the regional market. The presence of investments from the United States, Canada, and Latin America strengthens Indonesia's position as a competitive and appealing destination for global investment, contributing positively to inclusive and sustainable economic development.

The Indonesia-Latin America and the Caribbean Business Forum (INA-LAC) 2024, held in Lima, Peru, from September 11-13, 2024, was a strategic step toward strengthening trade relations between Indonesia and countries in Latin America and the Caribbean. Under the theme "Encouraging Growth, Strengthening Communities," the event attracted participation from 56 companies, educational institutions, and various business entities from both regions. Over the course of three days, the total transaction value exceeded $1 billion, reflecting Indonesia's determination to expand trade and investment relations.This forum was the largest business event ever organized by Indonesia in the Latin America and Caribbean region. It was attended not only by business leaders but also by high-ranking officials from both regions, including Peru's Deputy Minister of Trade, Teresa Mera Gomez, and ambassadors from friendly nations. A total of 46 Indonesian companies from various sectors showcased their top products during the exhibition.The Latin American and Caribbean region is increasingly regarded as a strategic market for Indonesia. Although separated by considerable geographical distance, the success of this forum demonstrates that distance is no longer a major obstacle to expanding economic relations. Peru's Vice Minister emphasized the significance of INA-LAC as a platform for strengthening business networks and opening opportunities for collaboration.With activities such as business matching, CEO talks, and product promotions, INA-LAC 2024 successfully created an innovative platform to deepen economic cooperation between the two regions. Moving forward, Indonesia is expected to continue enhancing its interactions with Latin America and the Caribbean through various strategic measures and forums like INA-LAC.As a forum that brought together key stakeholders from two geographically distant regions, INA-LAC 2024 proved that distance is no barrier to strengthening economic ties. With transactions exceeding IDR 16.2 trillion, the forum underscored the importance of Latin America and the Caribbean as strategic trading partners for Indonesia.This achievement not only reflects Indonesia's dedication to expanding export markets and enhancing investment partnerships, but also proves that global challenges can be addressed through innovation and collaboration. Moving forward, it is expected that the economic ties between Indonesia and Latin American and Caribbean nations will grow stronger, unlocking further potential for shared prosperity and strengthened communities across both regions.

When we think of the perfect tropical escape, crystal-clear waters, white sandy beaches, and swaying palm trees often come to mind. The popular TV show Love Island has captured the essence of a dreamy island paradise, where romance flourishes under the sun. But what if you could experience all of that with a distinctly Indonesian flair? Imagine the Love Island vibes, infused with the rich culture and breathtaking beauty of Lombok—a fusion of modern luxury and traditional Indonesian culture, set against the stunning backdrop of one of Indonesia’s most beautiful islands.Lombok's beaches, such as Kuta at Mandalika, Selong Belanak, and Tanjung Aan, offer the perfect setting for a romantic getaway. With white sand, clear waters, and peaceful vibes, they are ideal for couples. The Gili Islands—Gili Trawangan, Gili Meno, and Gili Air—add stunning underwater beauty, perfect for snorkeling or diving together. For adventure, couples can explore nature by hiking Mount Rinjani or visiting waterfalls like Tiu Kelep and Sendang Gile.While Love Island brings to mind high-end resorts and glamorous settings, the Lombok twist adds a rich layer of tradition and authenticity. Imagine a luxurious beach villa designed with local craftsmanship, from intricate wood carvings to thatched roofs, giving your island stay a uniquely Indonesian flavor. Combine this with the island’s laid-back atmosphere, and you get the perfect blend of adventure, relaxation, and romance.One of Lombok's rising attractions is Mandalika, a luxury destination offering everything from high-end resorts to international sports facilities. As a new tourism hub, it’s gaining global attention for hosting MotoGP events. With stunning beaches like Kuta Mandalika and a range of activities, Mandalika offers an exclusive and romantic vibe for couples seeking a secluded Love Island experience.Lombok stands out for its combination of tropical beauty and strong Sasak cultural heritage. Couples can savor local dishes, participate in traditional ceremonies, and purchase unique handmade crafts. This authentic cultural experience gives Lombok a distinct charm, making it different from other tourist destinations. Visitors can immerse themselves in local traditions, from trying authentic dishes like ayam taliwang (spicy grilled chicken) to learning about Lombok’s traditional weaving techniques. This cultural infusion elevates the typical island romance into something more meaningful and personal, offering travelers the chance to connect with both nature and the people who call the island home.Lombok’s natural beauty, Mandalika, and strong local culture drive high tourist demand, offering major investment opportunities in hotels and infrastructure. As demand grows, Lombok is set to become a top Indonesian destination, promising long-term returns for investors! Resorts often incorporate local materials in their design and support the local community through employment and cultural preservation initiatives, making your stay not only luxurious but also impactful.Whether you’re a fan of Love Island or just seeking a romantic tropical retreat, Lombok delivers the island vibes you’re dreaming of, with an added touch of Indonesian culture and charm. With its pristine beaches, luxury resorts, and cultural richness, Lombok is the ideal destination for couples looking to escape to paradise. The Love Island experience may start with sun, sand, and romance, but in Lombok, it’s enriched by authenticity, sustainability, and adventure, making it a place you’ll never want to leave.Pack your bags, grab your partner, and get ready for a tropical experience unlike any other—the perfect combination of Love Island vibes and the unmistakable allure of Lombok awaits.

The Wiraraja Industrial Zone in Batam, Riau Islands, marked a significant milestone with the inauguration of eight new companies on August 26, 2024. These eight companies have invested a total of USD 17.63 billion, or approximately IDR 290 trillion, in two strategic areas: Wiraraja Industrial Park 1 in Kabil and the PSN Wiraraja Green Renewable Energy & Smart Eco Industrial Park on Galang Island, creating 36,150 jobs. This development represents a key moment in Batam's industrial transformation toward a green and digital economy.This inauguration signifies a crucial step in Batam's efforts to drive industrial transformation towards a green and digital economy. With its status as a Special Economic Zone (SEZ) and free trade zone, Batam is expected to compete internationally, particularly with Johor in Malaysia. One of the key factors in the industrial growth of the Riau Islands is the diversity of sectors, which includes heavy industry, renewable energy, and digital services. This area is not only home to major industries but also a hub for innovative projects like Nongsa Digital Park and the smart-eco initiatives in the Wiraraja Industrial Zone.Furthermore, the government is prioritizing the renewable energy sector, with an investment of USD 17.6 billion over the next five years. The eight companies investing in the Wiraraja Industrial Zone represent various strategic sectors, ranging from manufacturing to renewable energy. PT Atelier Solar Indonesia, a company from Singapore and the United States, is engaged in the manufacturing of solar modules with an investment of USD 30 million, while PT Energy Tech Indonesia from the United States focuses on manufacturing sodium-ion batteries with an investment of USD 250 million. PT Quantum Luminous Indonesia, a joint venture between the United States and Germany, is developing a silica sand manufacturing industry with an investment of USD 300 million. PT Essence Global Indonesia is also present, focusing on the manufacturing of electric vehicles, investing USD 60 million.In addition, two companies from Taiwan, PT Uwin Resources Regeneration and TUL Taiwan Corp, both operate in the manufacturing of Electronic Grade Lithium Carbonate, each investing USD 60 million. Local companies are also involved, such as PT Galang Bumi Industri, which is developing an industrial area with an investment of USD 14.4 billion, and PT Wiraraja Strategix, which operates in the EPC & IPP sector, with an investment of USD 6 million. The presence of these companies not only strengthens the renewable energy and high-tech sectors but also creates jobs for tens of thousands of people.The industrial growth in Batam has significantly contributed to the economy of the Riau Islands, which grew steadily by 4.9% in the second quarter of 2024. The processing industry accounted for 41% of the province's Gross Regional Domestic Product (GRDP), highlighting the importance of this sector in the regional economy. Overall, the Wiraraja Industrial Zone has demonstrated its vital role in supporting Batam's industrial advancement. The growing investment, from both Domestic Investment (PMDN) and Foreign Investment (PMA), strengthens Batam's position as an export-oriented industrialization hub in Indonesia and positions it to compete regionally.The success of investment in the Wiraraja Industrial Zone is largely due to the role of the Indonesia Investment Coordinating Board (BKPM), which facilitates and accelerates the investment process in Indonesia. BKPM acts as a bridge between the central and local governments and foreign and domestic investors. This not only strengthens Batam and the Riau Islands' position as centers for the development of renewable energy and high-tech industries in Indonesia but also creates significant job opportunities for the local community. With support from BKPM and the central government, this industrial zone is expected to continue growing and competing regionally. This success reflects Indonesia's commitment to attracting sustainable investment that will drive national economic growth and position Batam as one of Southeast Asia's premier industrial hubs.

Awareness of sustainability principles is rising globally, including in Indonesia and the United States. Both countries are not only adopting eco-friendly practices but are also collaborating on environmental projects and knowledge exchange that support global sustainability efforts. In this context, investing in the hospitality and dining sectors that embrace sustainability principles is becoming increasingly appealing and profitable.Eco-friendly hotels are increasingly integrating sustainability into their operations, balancing luxury with environmental responsibility. The Benjamin in New York, Hyatt Regency Yogyakarta in Indonesia, The Datai in Langkawi, Malaysia, The Slate in Phuket, Thailand, Banff Aspen Lodge in Alberta, and Mandarin Oriental in Las Vegas each demonstrate their commitment to sustainability through various eco-friendly practices. They implement energy-efficient lighting, comprehensive waste management systems, use of recycled materials, and plastic reduction solutions, while also focusing on environmentally friendly design. These hotels exemplify the shift towards sustainable luxury in the hospitality industry.In the culinary sector, restaurants such as Ijen in Kerobokan, Bali; Blue Hill in New York; Eleven One Kitchen in Phnom Penh; FREA in Berlin; and Central in Lima exemplify sustainability with their zero-waste approaches. Ijen features eco-friendly architecture, uses local ingredients without plastic, and serves food on banana leaves with ceramic and wooden utensils. Blue Hill sources ingredients from its own organic farm and maintains a zero-waste policy. Eleven One Kitchen offers meals in biodegradable boxes and uses bamboo straws. FREA practices in-house composting and returns recycled waste to producers, while Central focuses on recycling and composting waste and uses ingredients researched and preserved by its team, Mater Iniciativa. These restaurants highlight a commitment to sustainability through waste management and eco-friendly practices.The growing interest in sustainability among consumers also contributes to the expansion of the market for eco-friendly products and services. With increasing awareness of climate change and environmental impact, many investors are seeking opportunities to invest in businesses that prioritize social and environmental responsibility. Hotels and restaurants that embrace sustainability not only meet the demands of environmentally conscious consumers but often receive incentives from governments and international organizations supporting eco-friendly practices. This opens opportunities for investors to capitalize on various incentives and support available for sustainable businesses.Moreover, investing in sustainability can drive broader market innovations. Supporting hotels and restaurants that adopt green technologies and sustainable practices allows investors to benefit from stable business growth while actively participating in the transition to a more sustainable economy. Innovations in eco-friendly technology, waste management, and sustainable materials can lead to operational efficiencies and reduced long-term costs, providing investors with a competitive advantage.Sustainability can also enhance brand reputation and market appeal. Consumers increasingly seek companies with a genuine commitment to environmental responsibility, and businesses that can demonstrate dedication to sustainable practices often garner higher customer loyalty and stronger market preference. This creates opportunities for investors to engage in ventures that are not only profitable but also have a positive impact on society and the planet.Shoppe Object exemplifies how sustainability and innovative design can synergize in the global market. The event showcases designs that are not only aesthetically pleasing but also eco-friendly, with a focus on handmade items from international artisans, including those from Indonesia. The Global Artisan Project at Shoppe Object highlights traditional skills and sustainably made products, providing a platform for items that value culture and the environment. For investors, participating in such events is not just about supporting the latest design trends but also about investing in projects that bolster sustainability and honor artisanal craftsmanship.Overall, adopting sustainability principles in the hospitality and dining sectors demonstrates that investing in these areas not only promises financial returns but also provides positive impacts on the environment and society. With increasing consumer interest in eco-friendly products and services, and support for sustainable practices, investments in these sectors offer attractive and strategic opportunities for the future.

President Joko Widodo officially introduced the Golden Visa on July 25th, 2024 at The Ritz-Carlton Mega Kuningan, South Jakarta. Golden Visa will make it easier for foreign nationals (WNA) to invest and work which is expected to have a multiplier effect on the Indonesian economy. This step is one of the government's strategic initiatives to  stimulate economic growth by attracting more global investors to Indonesia.A golden visa is a special type of visa that grants holders extended permission to live, work, and conduct business activities in Indonesia compared to a standard visa. The Golden Visa program offers several advantages, including an extended stay of up to ten years and priority access to immigration services at international airports, facilitating smoother entry and exit from Indonesia. Additionally, Golden Visa holders are exempt from the requirement to obtain a Limited Stay Permit (ITAS) at the immigration office, which saves time and reduces administrative hassle.The Golden Visa Indonesia program offers multiple categories to cater to the diverse needs and profiles of potential visa holders. One category is for Individual Investors, targeting individuals who make substantial investments in Indonesia's business or property sector. Additionally, the Corporate Investor category is designed for companies or business entities seeking to expand their operations in Indonesia through significant investments. This category provides companies with expedited and simplified access to conduct business within the country.Beyond individual and corporate investors, Indonesia's Golden Visa program extends to former Indonesian citizens, their descendants, and individuals in categories like second homeowners, global talents, and world leaders. This broad approach not only simplifies the process for foreign investors and professionals to live and work in Indonesia but also actively encourages their contribution to the nation's economic, technological, and cultural growth. By attracting diverse talent and capital, the Golden Visa program aims to accelerate development across various sectors and enhance Indonesia's global competitiveness.In September 2023, Minister of Investment/Chairman of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, expressed confidence that the Golden Visa program would simplify the investment process for foreign businesses looking to operate in the country.With the launch of the Golden Visa, Indonesia is ready to embrace a new era in the world of investment, opening new opportunities and enhancing sustainable economic growth. This strategic initiative is anticipated to significantly enhance Indonesia's global competitiveness, driving long-term development and prosperity.

On Friday, July 26th, Minister of Investment/Chairman of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, accompanied President Joko Widodo in the inauguration of the Grand Batang City (KITB) in Central Java. This inauguration marks a strategic step in accelerating economic growth in Indonesia.Grand Batang City (KITB) offers a strategic 4,300-hectare land for industrial, retail, and commercial development. With its vast area and modern facilities, KITB is expected tobecome a new magnet for investment in Indonesia. This area is designed with the concept ofSmart and Sustainable, integrating the values of nature, humanity, and sustainability as its three main pillars. This approach is applied to create innovations in both business and sustainable industrial ecosystems, making KITB an attractive destination for investors.Bahlil Lahadalia, Minister of Investment/Chairman of the Investment Coordinating Board (BKPM), reported that 18 companies have already joined KITB, employing around 19,000 workers. This shows the immense potential of this area in creating jobs and driving local economic growth. The government has an ambitious target of creating 250,000 new jobs within the next ten years, which will improve the welfare of the surrounding community and reduce unemployment rates.With its modern infrastructure and strategic location, KITB offers various opportunities for companies to grow. The facilities provided in this area not only support industrial operations but also consider environmental sustainability aspects. The focus on using advanced technology and eco-friendly business practices is a key element in the development of KITB, creating a sustainable and competitive industrial ecosystem.Moreover, KITB is also expected to enhance Indonesia's economic competitiveness on the global stage. By attracting more foreign investment, Indonesia will strengthen its position as a major player in the global economy. The government is committed to creating a conducive environment for investment, ensuring that investors can conduct their business safely and comfortably.The development of KITB aligns with Indonesia's broader economic strategy to diversify its industrial base and reduce reliance on traditional sectors. By fostering a business-friendly environment, the government aims to attract innovative companies that can driventechnological advancement and sustainable practices in the region. This strategic move is expected to create a ripple effect, boosting related industries and services, and fostering anecosystem that supports continuous growth and development.Additionally, the emphasis on sustainability within KITB reflects Indonesia's commitment to global environmental goals. The integration of green technologies and sustainable practices not only helps protect the environment but also positions KITB as a forward-thinking industrial estate. This makes it more appealing to international investors who prioritize environmental, social, and governance (ESG) criteria in their investment decisions. Grand Batang City's sustainable model can serve as a blueprint for future industrial developments across the country, promoting a balance between economic growth and environmental stewardship.The inauguration of Grand Batang City by President Joko Widodo and Minister Bahlil Lahadalia marks a significant milestone in Indonesia's journey towards stronger and more sustainable economic growth. With full government support and a commitment to sustainable innovation, KITB is ready to become a promising new center of economic activity in Indonesia. For investors seeking golden opportunities, Grand Batang City offers great potential for business development and promising returns. Let's support and succeed in the development of Grand Batang City for a brighter future.