News & Articles

Launching of EuroCham Study on Transforming Indonesia Economy - Making Indonesia Industry 4.0

Published on 22 August 2019

On 6 August 2019 EuroCham launched a study on Transforming Indonesia Economy – Making Indonesia Industry 4.0. The study aims to support efforts by the government of Indonesia in achieving Industry 4.0. The study offers not only the illustration of how the EU member states transformed and promote changes in Europe, but also identified policy tools and offers recommendations for the government of Indonesia related to four of the country’s priority sectors, namely manufacturing, automotive, pharmaceutical, and renewable energy sector.

The Chair of EuroCham, Ms. Corine Tap in her opening remarks stated that through this study, EuroCham continues to align ourselves with the development of the government priority sectors. This alignment shall elevate our partnering with Indonesian government to progress Indonesia through a stronger and sustainable economy and environment. EuroCham hopes that this study can be used as a reference for further discussion and policy making purposes to achieve the goal of Making Indonesia Industry 4.0.

As a response, the Minister of Industry H.E. Airlangga Hartarto in his keynote when presenting his views on the government commitment to industry 4.0 stated that the government welcomes the positive inputs from Europe to develop regulations related to Industry 4.0. The Ministry of Industry has the same views and therefore these inputs are expected to help the development of policy frameworks. What have been done by the Ministry of Industry is actually aligned with EuroCham. Indonesia in the era of Industry 4.0 has prepared five priority manufacturing sectors which includes the foods and beverages, automotive, electronics, chemical and textile. EuroCham in this study also add renewable energy as a priority.

The complete findings from the study was presented by Ms. Lauren Farrow (Country Director of Vriens & Partners Indonesia), followed by a panel discussions with invited speakers from both the government and private sectors, namely Mr. Ngakan Timur Antara (Head of Industrial Research and Development Agency of Ministry of Industry), Mr. Hari Santoso (Head Section of Corporate Income Tax of Directorate General of Tax), Mr. Alan Rantelino (Digitalization Application/Cloud Specialist for ASEAN Region of Siemens Indonesia), Mr. Fadli Hamsani (Digital Transformation Senior Manager of Schneider Indonesia). The overall discussion was moderated by Mr. Antoine Schweitzer (Research and Development Director of IDEMIA) who is also the Head of EuroCham Technology Working Group.

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7th Joint European Chambers Business Confidence Index 2019 (BCI) Report Launching

Published on 22 August 2019

On 9 August 2019, EuroCham jointly with other European Chambers unveiled the results of the 7th Joint European Chambers Business Confidence Index 2019 (BCI) to Representatives of Indonesia Investment Coordinating Board, the Head of Kadin European Committee, Representatives of EU Delegation to Indonesia, Board of the European Chambers, and an audience of forty executives mostly representing European investors domiciled in Indonesia.

The BCI is a series of snap-shots on the economy and government performance that reflect the overall confidence of business towards, revenue, head-count, profit and future investment. BCI 2019 is a seventh annual survey designed and managed by Joint European Chambers, that are British Chamber of Commerce in Indonesia (BritCham), commissioned by the European Chamber of Commerce Indonesia (Eurocham) in partnership with the EU-Indonesia Business Network (EIBN), the German-Indonesian Chamber of Industry and Commerce (EKONID), the Italian Business Association in Indonesia (IBAI), the Indo-French Chamber of Commerce & Industry (IFFCI), with co-funding from the European Commission.

Among the key findings from the study are:

1.The confidence Index tends to be stable in 2019, despite the uncertain political environment after the election.

2.Many Europeans have expanded their business in Indonesia and 29% considering to expand their business.

3.New concern regarding terrorism in Indonesia, due to the event occur on 21st and 22nd June 2019 after the election.

Ms. Corine Tap, Chair of EuroCham said that these findings represent the opportunities and challenges of doing business in Indonesia that could be addressed through appropriate collaboration between the Indonesian government and industry players.

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