Media Kampung – 31 Maret 2026 | President Prabowo Subianto attended the Indonesia-Japan Business Forum in Tokyo on Monday, witnessing the signing of ten memoranda of understanding (MoU) between Indonesian and Japanese enterprises, valued at about US$22.6 billion (Rp384.2 trillion).
The agreements were presented alternately by representatives of both countries and covered sectors such as clean‑energy downstream projects, oil‑gas exploration, geothermal power, semiconductor development, and inclusive finance.
According to Cabinet Secretary Teddy Indra Wijaya, the event demonstrates a strong commitment from the private sector of both nations to deepen concrete collaboration and signals confidence in Indonesia’s economic outlook.
One of the highlighted projects is the production of methanol using captured CO₂ from the Bontang coal‑to‑fuel plant, a joint venture between PT Pupuk Kalimantan Timur and PT Kaltim Methanol Industri.
The MoU also includes a trade and investment cooperation framework between the Indonesian Chamber of Commerce and Industry (KADIN) and the Japan Chamber of Commerce and Industry, aiming to streamline market access for SMEs.
In the energy domain, Pertamina (Persero) and INPEX signed a strategic partnership to develop the Masela gas block, while Pertamina Hulu Energi and INPEX agreed on upstream oil‑gas opportunities across Indonesia and Southeast Asia.
The semiconductor initiative links PT Eblo Teknologi Indonesia with Japan’s Hayashi Kinzoku Co., focusing on chip design, manufacturing, and artificial‑intelligence applications to boost Indonesia’s tech ecosystem.
A separate MoU between PT Supreme Energy Rajabasa and INPEX outlines feasibility studies for the Rajabasa geothermal power plant, reinforcing Indonesia’s target to increase renewable energy capacity.
Financial inclusion is addressed through an agreement between PT Pegadaian and SMBC Indonesia, which will develop a gold‑backed digital platform and expand credit services for micro‑entrepreneurs.
Additional agreements cover a strategic beauty partnership between PT Nose Herbal Indo and 2Way World, an aviation leasing fund involving Danantara, Mandiri Investment Management and SMBC Aviation Capital, and a cooperation framework between JETRO and PT Danantara Investment Management.
Teddy Indra Wijaya emphasized that the collective value of the ten MoUs reflects the depth of trust between the two economies and is expected to generate significant foreign direct investment and technology transfer.
Analysts predict that the clean‑energy projects alone could reduce Indonesia’s carbon emissions by millions of tons annually and create thousands of jobs in downstream processing.
The forum also served as a platform for Japanese officials to discuss broader investment opportunities, including infrastructure, digitalization, and the accelerated development of the Masela block amid regional geopolitical tensions.
Observers note that the timing aligns with Indonesia’s roadmap to achieve net‑zero emissions by 2060 and Japan’s commitment to support green transition in Southeast Asia.
The ten MoUs, signed in the presence of President Prabowo, mark a milestone in bilateral economic cooperation and set the stage for further joint ventures that could reshape Indonesia’s industrial landscape.
The government plans to monitor implementation closely and facilitate necessary regulatory approvals to ensure projects progress according to schedule.
Overall, the agreements underscore a shared vision for sustainable growth, technological advancement, and deeper market integration between Indonesia and Japan.
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