Update COVID-19 in Indonesia: 115,056 confirmed infections, 5,388 deaths (4 August 2020)
5 August 2020 (closed)
USD/IDR (14,647) +60.00 +0.41%
EUR/IDR (17,355) +42.63 +0.25%
Jakarta Composite Index (5,127.05) +52.02 +1.03%
Three cooperation agreements were signed between Indonesian and European companies at the Indonesia-Belgium High Level Roundtable Discussion held at the Federation of Enterprises in Belgium (FEB). Meanwhile, at the occasion there are also talks being held about (free) trade agreements with the aim to improve bilateral relations between Indonesia and the European Union (EU).
The three cooperation agreements that were signed involve the following companies:
(1) Indonesian state-owned port operator Pelabuhan Indonesia I (also known as Pelindo I) signed an agreement with Van Oord Dredging International Asia Pacific, an international marine contractor that is specialized in dredging works as well as harbor, bank and shore protection. Both sides will work together for the development of the Kuala Tanjung port in North Sumatra, particularly for the development of a new container terminal.
(2) Indonesian investment company Valdo Investama signed a deal with Belgium agro-industrial Siat Group that is specialized in the establishment and management of oil palm and rubber plantations and allied processing and downstream industries. Both sides will work together for the development of an integrated plantation and biotechnology center in Maluku (in the eastern part of Indonesia). The deal will involve at least USD $50 million worth of investment.
(3) Indonesia-based shipping services provider Humpuss Intermoda Transportasi signed a deal with Exmar NV, a Belgium-based company engaged in the operation and ownership of liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Both sides agreed to form a joint venture for the development of a floating LNG storage and regasification unit (FSRU) to supply demand that originates from a consortium formed by Pertamina, Sojitz and Marubeni. This project will require about USD $400 million in investment.
The signing of the agreements were witnessed by Indonesian Vice President Jusuf Kalla, Indonesian Coordinating Minister for Human Development and Cultural Affairs Puan Maharani, Indonesian Foreign Minister Retno Marsudi, Indonesian Chamber of Commerce and Industry (Kadin) Chairman Rosan Roeslani as well as Deputy Prime Minister and Minister of Foreign Affairs and European Affairs Didier Reynders, and President of the Federation of Enterprise in Belgium Bernard Gilliot.