Event Reports

On 25 November, EuroCham organized an exclusive event entitled, “EuroCham CEO Virtual Briefing” in collaboration with Bank Indonesia. This briefing is the first to be conducted and was specifically designed for C-level executives from EuroCham’s platinum and gold member companies to listen and engage with key figures of the government and regulatory institutions. In this event, EuroCham had the pleasure to invite the Governor of Bank Indonesia, Perry Warijoyo, to speak on “the Current Policy and Synergies Carried Out by Bank Indonesia to Accelerate the National Economic Recovery in the New Normal Era”.

This event was opened by Corine Tap (Chair of EuroCham and President Director of Danone Indonesia), and moderated by Joos Louwerier (EuroCham Board member and CEO of Allianz Indonesia). To close the meeting, H.E. Vincent Piket, the EU Ambassador to Indonesia and Brunei Darussalam, provided his remarks for the event. The Bank Indonesia Governor touched on a number of interesting topics in his speech pertaining to key policies to accelerate the economic recovery process that includes: opening up the sector, dash to the real sector, micro and macro prudential stimulus and digitalization. The Governor also specified the three aspects that Europe can contribute to Indonesia’s recovery process, namely: 1) Indonesia’s Opening both in terms of trade, business and job creation opportunities, 2) Help bring investment to Indonesia, and 3) Promote Green Financing and Sustainability.

Energy Working Group’s Task Force was invited to speak at the 9th Indonesia EBTKE ConEx 2020, on 25 November. On this event, David Cullerier (Board Patron for the Energy WorkingGroup as well as EuroCham Executive Board member, and President Director of ENGIE Indonesia) was the honorable speaker in Plenary Session 3: Investment Summit. David Cullerier shared about the On-Going Renewable Energy (RE) Business in Indonesia, in addition to the various topics from the other distinguished speakers.

RE is something to be developed in order to fulfill the target of 23% commitment by 2025. However, there is a risk of not meeting the target of renewable energy mix by 2025 by looking at the current pace, despite the considerable potential of renewable energy in Indonesia at 442GW. Therefore, it is vital to attract investors that can fill the gap, along with the presence of a strong and independent regulator so as to create a favorable business climate for developers and customers, as well as ensure price and procurement certainty, strong and mandated buyer, and the bankability of contract for RE in Indonesia.