Indonesia Highlights: Indonesia Investment Authority to Receive $9.5 Billion from Foreign Investors | Jakarta Extends Partial Lockdown to February 22 | Mount Raung Spews Volcanic Ash Column in Indones

KOMPAS.com – A senior minister has confirmed that several international investors have expressed interest to invest their funds in the newly-established Indonesia Investment Authority (INA). The total investment is estimated to have reached about $9.5 billion.

Coordinating Economic Affairs Minister Airlangga Hartarto argued that the economic recovery has influenced the investors to place their funds in the INA.

Under its recovery programs, Indonesia implements the Covid-19 jab drive and provide business incentives to grow the economy.

Meanwhile, as the Covid-19 caseload continues to climb, Jakarta City Administration extended partial lockdown, also known as large-scale social restrictions (PSBB) for another two weeks to February 22.

Below are the editors’ picks stories published on Kompas.com:

Indonesia Investment Authority to Receive $9.5 Billion from Foreign Investors

Various international investors have expressed interest to invest their funds in Indonesia Investment Authority (INA) by sending a letter of intent (LoI), a senior minister said on Monday.
“The accumulated amount from the LoI reached $9.5 billion,” said Coordinating Economic Affairs Minister Airlangga Hartarto during an event titled Indonesian Economic Outlook 2021 on February 8.

Airlangga said the institutions are the United States International Development Finance Corporation (DFC), Japan Bank for International Cooperation (JBIC), Caisse de dépôt et placement du Québec (CDPQ) Canada, and the Dutch asset management company APG-Netherlands.

The interest of the aforementioned financial institutions is in line with the national investment climate that began to improve following Law No. 11/2020 on Job Creation.

Currently, Airlangga said, the government is finalizing the laws’ derivative regulations comprising 49 drafts of government regulations and five presidential regulations.

“All the regulations will become a guideline for the implementation of the Job Creation Law for all stakeholders,” he added.

Besides, the process of accelerating economic recovery has influenced the investors to place their funds in INA. It includes various activities from the implementation of Covid-19 jab drive to providing business incentives to grow the economy.

Source: https://go.kompas.com/read/2021/02/08/164745674/indonesia-investment-authority-to-receive-95-billion-from-foreign-investors

Jakarta Extends Partial Lockdown to February 22

KOMPAS.com/SINGGIH WIRYONO Jakarta Governor Anies Baswedan.

Jakarta City Administration is extending partial lockdown, also known as large-scale social restrictions (PSBB) for another two weeks to February 22.

“[The partial lockdown] has been extended by another two weeks starting from today [Monday],” said Jakarta Governor Anies Baswedan in a virtual discussion on Monday, February 8.

Anies said the restrictions remain the same as the previous PSBB which refers to Home Affairs Minister Instruction No. 3/2021.

He said that Jakarta has been implementing a micro-scale of enforcement of public activity restrictions (PPKM) for quite a while.

That is why, he added, Jakarta does not need much to prepare the micro-scale PPKM as the task force team at the community unit (RT) and neighborhood unit (RW) are still active.

“We will continue to activate the task force team at the neighborhood unit level,” Anies said.

Source: https://megapolitan.kompas.com/read/2021/02/08/14541341/anies-psbb-jakarta-diperpanjang-2-pekan?page=all#page2.

Mount Raung Spews Volcanic Ash Columns in Indonesia’s East Java

PVMBG Mount Raung in East Java spewed volcanic ash columns over 1,000 meters, affecting villagers in the Banyuwangi regency. The authority has raised the status of Mount Raung from normal to alert.

Mount Raung in East Java spewed volcanic ash columns over 1,000 meters, affecting villagers in the Banyuwangi regency.

A resident of Glagah Subdistrict, Septi (33), said that her yard was covered with volcanic ash. Besides, she said that her eyes hurt when she was riding a motorcycle.

The authority has raised the status of Mount Raung from normal to alert.

Meanwhile, Mount Raung observation post (PPGA) officer, Burhan Alethea, confirmed that the eruption of the volcanic ash column reached 1,000 meters from the crater.

The authorities urged the public to wear masks when they leave their houses.

Source: https://regional.kompas.com/read/2021/02/08/16100021/gunung-raung-meletus-dan-keluarkan-debu-vulkanik-warga-diimbau-gunakan.