Indonesia Economy Forum

[Kalazan]

Indonesian President Joko Widodo (Left) and Russian President Vladimir Putin. AP/Alexander Zemlianichenko

Economic Relations of Indonesia, Russia are Getting Stronger

TEMPO.CO, Jakarta - The economic relations between Indonesia and Russia which are getting stronger, offering new opportunities for Russia`s technology projects and commodities to enter the Indonesian market.

The Russia-Indonesia Business Council will hold the Russia-Indonesia Business Forum on October 31, 2016 in Jakarta to discuss those mutually beneficial opportunities, a statement said by the organization received by Antara Saturday.

The main purpose of this forum is to bridge the information gap between business circles of both countries amidst the economic turbulence and destabilization of the global economy, Russia-Indonesia Business Council CEO Mikhail Kuritsyn said.

The economic cooperation between the two countries complements each other and gets closer and closer after the leaders established national priorities regarding social and economic developments for the next ten years. The presidents of both countries had met on the sidelines of the Russia-ASEAN Summit 2016 in Sochi in May.

The current world economic development clearly shows that cooperation when carried out in an open way can boost competitiveness and improve the investment climate.

These two things guarantee the sustainability of economic development of every country, not just Russia and Indonesia.

At present, Russia and Indonesia actively cooperate in the fields of civil aviation, mining, mechanical engineering, metallurgy, transport infrastructure, industrial chemicals, and pharmaceuticals.

A number of new areas of cooperation which become a priority in bilateral relations between the two countries are expected to boost Russia and Indonesia trade volumes to US$5 billion this year.

Among the new sectors of cooperation are oil and gas, aviation, aerospace, maritime and shipping, agriculture, satellite technology and communications systems, high-technologies and banking.

A number of companies engaged in the fields of industry, trade, finance and investment, as well as representatives of government agencies of both countries, will participate in the forum.

The event consists of a panel discussion, presentation of the project of cooperation by the Russian participants, and Business to Business meetings.

tempo.co

Pertamina-Rosneft Kucurkan Modal Awal untuk Kilang Tuban
MINGGU, 30 OKTOBER 2016 | 16:27 WIB


TEMPO.CO, Jakarta - PT Pertamina (Persero) menyepakati kerja sama dengan perusahaan migas asal Rusia, Rosneft, untuk pembangunan kilang di Tuban, Jawa Timur. Dua perusahaan tersebut menyepakati kucuran modal awal sebesar US$ 400 juta (Rp 5,22 triliun) untuk membentuk perusahaan patungan (joint venture).

"Pertamina dan Rosneft langsung menyetorkan deposit masing-masing US$ 200 juta sebagai milestone penting untuk NGRR (national grasroot refinery/proyek kilang baru) Tuban," ujar Direktur Megaproyek Pengolahan dan Petrokimia Pertamina Rachmad Hardadi dalam keterangan tertulis pada Minggu, 30 Oktober 2016.

Kilang Tuban direncanakan bakal mengolah minyak mentah hingga 300 ribu barel per hari dengan kompleksitas kilang di atas 9 NCI (Nelson Complexity Index) dan karakteristik produk level Euro 5. Bahan baku akan diperoleh dari minyak mentah sour impor dengan grade medium dan heavy. Dalam proyek ini juga akan dibangun unit catalytic cracker berskala besar serta kompleks petrokimia. GRR Tuban juga didesain untuk dapat menerima VLCC supertanker dengan bobot mati hingga 300 ribu ton.


Pembangunan bakal menelan biaya hingga US$ 14 miliar dan ditargetkan rampung pada 2021. BUMN Rusia itu bakal menempatkan kepemilikan maksimal 45 persen. Sebab, Pertamina menginginkan kontribusi modal minimal 55 persen. Para pihak sedang melaksanakan bankable feasibility study (BFS) proyek. Sedangkan keputusan investasi akhir (FID) proyek tersebut akan dilakukan setelah hasil BFS, desain teknik dasar (BED), dan front end engineering design (FEED).

“Kesepakatan ini penting bagi Pertamina dan ketahanan energi nasional," kata Rachmad.

Pertamina juga didapuk menjadi wakil pemerintah untuk membangun Kilang Bontang melalui skema kerja sama pemerintah dan badan usaha. Investasi kilang ini diperkirakan mencapai US$ 10 miliar. Target operasionalnya adalah tahun 2025. Dua kilang ini diharapkan mampu menopang produksi BBM Tanah Air pada 2025 mencapai 2,3 juta barel per hari.

tempo.co

 

[Robin Wong]

Woow ... Your rating is still "JUNK" .. lower than Philipinnes with their "investment Grade" rating ..

No wonder ..Whatever you say .. Like and/or Dislike ...No doubt .. ..Others can assess your condition "more accurate and objective" than yours ...(See our case ... Najib and 1MDB .. but, S&P still did not deteriorate our "Investment Grade of A-" rating into JUNK as they did to Indonesia) ..

There are many more factors in order to attract foreign investors..

Take a look at Philippines.. Despite it becomes 'investor darling' after investment grade rating, it still lags behind its Asean peers in attracting foreign direct investments (FDIs). In 2015, the Philippines attracted a measly $5.72 billion in FDI..

Malaysia?? It suffers 44% decline in 2015 FDI. Malaysia's FDI in 2015 declined 44% to 36.1 billion ringgit ($8.7 billion) as sharp falls in commodity prices and the ringgit made investors cautious.

Both figures are very small compare to Indonesia. FDI into Indonesia rose to $29.27 billion in full-year 2015.

This year indonesia continues to perform well. By the end of September, in total, the amount of FDI stood at $22.66 billion, equal to almost 77 percent of the full-year target of $29.43 billion.

 

[Sri kandi]

haha, 2009 yunani masih dpt A- dari S&P......2010 collapse..so reliable rating.

 

[Hindustani78]

Last Updated: Monday, October 31, 2016 - 10:48

Jakarta: A cargo plane carrying four crew members went missing Monday during a short flight in mountainous eastern Indonesia, authorities said, the latest blow to the country`s beleaguered aviation sector.

The Caribou plane lost contact with air traffic control during what was supposed to be a flight of around half an hour in remote Papua province, the transport ministry said.

The ministry said in a statement the aircraft, operated by logistics and transport company Alfa Trans and owned by local authorities, set off from the city of Timika at 7:57 am (2257 GMT Sunday) and was headed to Ilaga, a farming community nestled amid mountains.

The plane contacted air traffic control in Ilaga at 8:23 am saying that it was due to land in a few minutes but never arrived. Officials say the aircraft sent an emergency signal from an area between two mountain passes.

"The plane was being used to transport cargo belonging to Puncak district administration and is owned by the Puncak district government," said transport ministry spokesman Bambang Ervan, referring to the local government.

He did not give details about weather in the area at the time. Local media reported the plane`s cargo included construction materials.

A search has been launched for the missing aircraft, according to the ministry. All the crew members were Indonesians.

The plane is part of the Caribou DHC-4 family of cargo aircraft, which only need a small space for takeoff and landing and are used in rugged terrain. Indonesia has a poor aviation safety record and has suffered a string of major air disasters in recent years.

Papua is a problematic place to fly due to its mountainous terrain and frequent poor weather. A passenger plane operated by Indonesian carrier Trigana crashed in the region in bad weather in August last year, killing all 54 passengers and crew aboard.

AFP

First Published: Monday, October 31, 2016 - 10:48

 

[kaka404]

And no wonder what ever you said it is up on us to choose not you nor your troller compatriots.
Oh come on bro seek our effort and advantage.
As for me it is better to be improofing then be stall.

haha, 2009 yunani masih dpt A- dari S&P......2010 collapse..so reliable rating.

oh... sombody was talking about indonesian s&p rating... to troll??? 0_o
hmm... probably on my blocked list..
keep in mind that s&p ratings doesn't actually tell you which is better than which..
for example
Junk bonds are risky investments, but they have speculative appeal because they offer much higher yields than bonds with higher credit ratings. Investors demand that junk bonds pay higher yields as compensation for the risk of investing in them. If a junk bond manages to turn its financial performance around and has its credit rating upgraded, the investor may see a substantial appreciation in the bond’s price.

 

[TeesraIndiotHunter]

haha, 2009 yunani masih dpt A- dari S&P......2010 collapse..so reliable rating.

Welcome to the forum

You should go ahead and introduce yourself in the Introduction forums.

 

[Nike]

President highlights low saving ratio against GDP
Senin, 31 Oktober 2016 16:24 WIB | 393 Views

President Joko Widodo (Jokowi). (ANTARA/Hafidz Mubarak A.)

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) has shed light on the low saving ratio against the gross domestic product (GDP), which is still about 20 percent of the countrys population.

"The ideal percentage is about 32 percent," the president said while attending a campaign on "Lets Save" held in connection with the Worlds Saving Day at the Jakarta Convention Center (JCC) here on Monday.

Jokowi also highlighted the low account ownership, which is still about 19 percent of the population of people over 15 years old.

He said that the Indonesian population, which reaches 250 million people, constitutes strength, but it should not merely serve as consumers or as market. It should also serve as productive strength with high working ethos and activeness to generate the economic activities.

"It is our challenges to make the 250 million population a productive strength, because the economic strength of a country could be measured from its investment and saving levels of the people," the president said.

He said that the high investment of the people of a country will generate the economic activities through the availability of funds that could be channeled for investment, both in the manufacturing and in the financial sectors.
(Uu.A014/INE//KR-BSR/O001)

http://www.antaranews.com/en/news/107482/president-highlights-low-saving-ratio-against-gdp

 

[Nike]

Indonesian Chamber of Commerce-Japan prepare SMEs development platform
Kamis, 27 Oktober 2016 17:23 WIB | 1.156 Views

Rosan P. Roeslani. (ANTARA/Rivan Awal Lingga)

Jakarta (ANTARA News) - Indonesian Chamber of Commerce and Industry (Kadin), along with a number of Japanese entities, is preparing a cooperation platform aimed to further develop Small Medium Enterprises (SMEs) in both the countries and support each other.

Director of the Chamber Rosan Roeslani said that the platform will combine the databases of Indonesian and Japanese SMEs to then be matched up in a partnership, in order to increase the quality of their businesses.

The platform that contains SME information from both countries will be centered in a business matching site named Trade Tie up Promotion Program (TTPP), which will be operated by Japan External Trade Organization (Jetro) as well as J-GoodTech (Japan Good Technology-Monozukuri), operating under the Small & Medium Enterprises and Regional Innovation Japan (SMRJ).

"They already have the platform and there are 18,700 SMEs recorded in their database, whilst the Chamber has only noted about 16,000 of them. That is one of the areas where we would like to combine our efforts with Japan, where we would also like to re-record the data with the format they have given us in order to synchronize everything," he said.

Rosan also mentioned that the cooperation would contribute to increasing trade and investment activities among Small and Medium businessmen and open partnership possibilities for Indonesian and Japanese SMEs.

Other than provision of a database platform for SMEs, the Chamber, along with Jetro, will also establish an Indonesia-Japan Business Matching Support Desk to sustain the SME partnership between the two countries.

The desk will officially start operating on November 1 and, each country involved will send a delegate to provide information about the partnership.

"There will be a face-to-face meeting once every few months to facilitate the cooperation between the Japanese SMEs and our local ones," he reiterated.

The program, that has been prepared since the last eight months, will be opened free of charge for all businessmen, including SME operators.

"There will be no charge at all and this week, we will start vigorously disseminating the information about it," he said.

Although it is not specific for a particular sector, Rosan said that Japan is showing potential interest in the manufacturing process, in order to sustain their automotive businesses in Indonesia.

According to their observation, the production of one single motor vehicle can involve more than 3,000 SMEs.

"We did not think that our SMEs would be able to produce spare parts, but they think otherwise. They believe that our SMEs have the ability to sustain the automotive industry," he added.

Additionally, Daiki Kasugahara, President Director of Jetro in Jakarta, said that they are focused on delivering tangible business results, in order to provide significant contributions towards the trade between Indonesia and Japan.

His office targets 2,000 SMEs to be registered in the Business Matching Support Desk by 2020.

Kasuhagara believes that the efforts to enhance SMEs are done to support the development of their businesses in Indonesia.

"Through this activity, we would also like to support President Jokowis Nawa Cita and at the same time support local Indonesian companies with immense potentials in the Japanese market," he concluded.

(Reported by Ade Irma Junaida/Uu.KR-ARC/INE/KR-BSR/A014)

Pembangunan Jalan Layang Non Tol Tendean-CiledugPemandangan Jalan Layang Non Tol (JLNT) khusus Transjakarta Tendean-Ciledug di Jakarta, Senin (31/10/2016). Jalan layang tersebut memasuki pembangunan tahap akhir yaitu proses pemasangan Boks Girder dan ekspantion Join serta beberapa pembangunan Jembatan Penyeberangan Orang (JPO) Parapet serta Shelter Bus Transjakarta dan direncanakan pembangunan itu selesai Desember 2016. (ANTARA /Muhammad Adimaja)

Pembangunan Jalan Layang Non Tol Tendean-CiledugPemandangan Jalan Layang Non Tol (JLNT) khusus Transjakarta Tendean-Ciledug di Jakarta, Senin (31/10/2016). Jalan layang tersebut memasuki pembangunan tahap akhir yaitu proses pemasangan Boks Girder dan ekspantion Join serta beberapa pembangunan Jembatan Penyeberangan Orang (JPO) Parapet serta Shelter Bus Transjakarta dan direncanakan pembangunan itu selesai Desember 2016. (ANTARA/Muhammad Adimaja)

Aktivitas sejumlah pekerja di lokasi proyek JLNT Ciledug-Tendean di Jl. Trunojoyo, Jakarta, Jumat (22/7/2016). Pemprov DKI Jakarta akan menggandeng Badan Pemeriksa Keuangan (BPK) DKI untuk mengawasi proyek pembangunan jalan layang khusus bus Transjakarta Koridor XIII Ciledug-Tendean. (ANTARA /Reno Esnir)

 

[Nevsky]

Guys can you say something about this?How likley it is in your opinion?I can see a free trade deal like with Vietnam, but a full membership?

Intergovernmental Commission to Discuss Indonesia's EEU Participation

"The agenda of the intergovernmental commission meeting includes a number of important economic, trade and investment issues, including the possibility of Indonesia's participation in the EEU. Jakarta is strongly interested in joining this union, as it is an important potential market," Supriyadi told RIA Novosti in an interview published on Monday.

https://sputniknews.com/politics/201610311046904542-indonesia-eeu-russia-trade/

 

[Robin Wong]

Guys can you say something about this?How likley it is in your opinion?I can see a free trade deal like with Vietnam, but a full membership?

Intergovernmental Commission to Discuss Indonesia's EEU Participation

"The agenda of the intergovernmental commission meeting includes a number of important economic, trade and investment issues, including the possibility of Indonesia's participation in the EEU. Jakarta is strongly interested in joining this union, as it is an important potential market," Supriyadi told RIA Novosti in an interview published on Monday.

The EEU at face value is an economic union between Russia and its satellite states to confer greater bargaining power in dealing with the Asian economies. In reality, it is just a sham grouping meant to replicate the same corrupt regional political economy of the Soviet Union with all economic decisions and clout being orchestrated solely from the Kremlin.

As long as its current members - Belarus, Kazakhstan and Armenia - are wholly satellites of Russia and dependent on China, they can go nowhere. As long as China feels that the EU makes for better markets to invest in compared to Russia which has neglected the need to create a commerce-friendly environment, the EEU will forever be a mere shadow of what the EU currently is. If the EEU is about securing Russian influence over its satellites in the face of increased diplomatic encroachments from China, the EU is about facilitating the movement of goods in an inter-European setting. Furthermore, the EEU itself is damned by its lack of contiguous overland borders, which actually makes it far less effective than it normally would be, unless new states were added to it to form free-flowing supply lines to all EEU member-states.

HOWEVER it does have potential for global influence, given current dissatisfaction by certain parties, regarding trade with the west and the rise of China. That certain party or parties consist of those nations such as Indonesia who are alienated by the US-dominated WTO and trade treaty groupings (TTIP, TPPA). If Indonesia were to join the EEU, it might actually give the EEU a greater boost towards doing what it ought to do. It would give Russia greater access to Indonesian markets, whilst Indonesia and Russia together could form a counterweight against American and Chinese economic hegemony. The EEU may also serve as an "escape hatch" for EU nations dissatisfied with the status quo or who feel increasingly alienated by the Western powers, most notably Greece, which has started becoming a simmering pot of anti-American, anti-Turkish and anti-German (in short anti-NATO) sentiments. Of equal interest to the EEU may also be Serbia.

HOWEVER, by all matters, the EEU's strongest link is also its weakest, and that is Russia. Only as long as Russia has any commercial interest for Indonesia would an EEU with Indonesia work out at all. Indeed, this has not been lost on Indonesia's leaders and there is news that Indonesia has begun putting out feelers to the EEU of late.

 

[UMNOPutra]

haha, 2009 yunani masih dpt A- dari S&P......2010 collapse..so reliable rating.

Hahahaha ... Do you want to say that S&P is "wow ho..ho" company like your rating company ...Pefindo ...

oh... sombody was talking about indonesian s&p rating... to troll??? 0_o
hmm... probably on my blocked list..
keep in mind that s&p ratings doesn't actually tell you which is better than which..
for example
Junk bonds are risky investments, but they have speculative appeal because they offer much higher yields than bonds with higher credit ratings. Investors demand that junk bonds pay higher yields as compensation for the risk of investing in them. If a junk bond manages to turn its financial performance around and has its credit rating upgraded, the investor may see a substantial appreciation in the bond’s price.

Country rating is very important for banks .. If your rating is JUNK .. the bank outside Indonesia should allocate more "credit provision" .. if they give credit to your country ... To mitigate this many banks don't want to give its credit directly to MNC subsidiaries in Indonesia .. but through its parent companies ... .

More important ... if your country rating is JUNK ... all of your corporates or companies will also be classified or rated as JUNK ...So, it will make them can't expand their business effciently because they have only a limited access to the world financial market ...

 

[Boss Dragun]

Guys can you say something about this?How likley it is in your opinion?I can see a free trade deal like with Vietnam, but a full membership?

Intergovernmental Commission to Discuss Indonesia's EEU Participation

"The agenda of the intergovernmental commission meeting includes a number of important economic, trade and investment issues, including the possibility of Indonesia's participation in the EEU. Jakarta is strongly interested in joining this union, as it is an important potential market," Supriyadi told RIA Novosti in an interview published on Monday.

https://sputniknews.com/politics/201610311046904542-indonesia-eeu-russia-trade/

yes it is.

http://www.thejakartapost.com/news/...res-bid-to-forge-fta-with-eurasian-union.html

there are lots of economic news regarding both nations in just 3 days. some of these are :

http://en.tempo.co/read/news/2016/1...Offers-MalangSurabaya-Train-Project-to-Russia

http://en.tempo.co/read/news/2016/1...ussia-Discuss-Marine-Investment-Opportunities

http://www.antaranews.com/en/news/107469/russia-explores-technology-projects-in-indonesia

http://www.antaranews.com/en/news/1...orum-seeks-to-bridge-economic-information-gap

tbh, this is nothing new. we've been with Russia since the old soviet era. nowadays the relations of both countries are getting stronger militarily and economically. also, this is good chance for us to reach non-traditional market such as Kazakhstan and Belarus via EEU. but of course the main target is always to step up economic projects with Russia.

 

[skyhigh88]

OIL REPORT | Mon Oct 31, 2016 | 12:49pm GMT
Qatar's Nebras says to buy Engie's stake in Indonesia's Paiton
Reuters
By Tom Finn | DOHA

(Photo by Nikkei Asia)

Oct 31 Qatar's Nebras Power plans to acquire a 35.5 percent stake held by French utility Engie in Indonesia's largest independent power producer PT Paiton Energy by the end of 2016, the CEO of Nebras said on Monday.

The Qatari infrastructure investment firm, 60 percent owned owned by Qatar Electricity and Water, with the remainder split between Qatar Petroleum and Qatar Holding, said in February it planned to acquire the stake in PT Paiton.

Engie currently has a 40.5 percent stake, with the remainder held by Japan's Mitsui, Tokyo Electric Power, and Indonesia's PT Batu Hitam, according to Engie's website.

"The Paiton project we are in the process of closing now. We are targeting the end of this year," Khalid Jolo told Reuters.

Jolo declined to comment on the value of the stake but Nebras Power's chairman, Fahad al-Mohannadi, told state news agency QNA in October that it planned to invest $1.35 billion in Indonesia's Paiton project for producing electricity.

Qatar, the world's biggest liquefied natural gas producer, founded Nebras in 2014 as a $1 billion investment arm to add foreign power and water assets to stakes it already had in businesses from Volkswagen to Harrods department store in London.

It has invested in solar power projects in Jordan and acquired a stake in the Oman-based Phoenix Power Company.

Nebras is studying the feasibility of building a power plant in Senegal, Jolo said. "We are trying to develop a project there. Once it [the feasability studies] are approved we'll go ahead with that project," he said.

Jolo said Nebras would decide by 2017 whether to invest in a 500 megawatts natural gas-fired power plant that it said last year it was considering building with Indonesian utility PT PLN (Persero). (Editing by William Hardy)

http://uk.reuters.com/article/paiton-ma-nebras-idUKL8N1D12GC

 

[rondo.royal2]

Len KA Signalling Products Export to Bangladesh

Struggle PT Len Industri (Persero) entered the urban transport market started to bear fruit. It is characterized by trustworthiness Len to work on development projects APMS ( Automated People Mover System ) and LRT ( Light Rail Transit ), where for the LRT alone there are three projects include: LRT Jakarta Corridor 1 (Velodrome - Kelapa Gading), LRT Jabodebek Cross 1-3, and South Sumatra Province LRT linking Baharudin Sultan Mahmud II with Jakabaring Stadium.



Len, through its subsidiary PT Len Railway Systems (LRS) along Biswas Construction signed a lucrative job for 1.5 years City Line railway signaling modifications to Joydebpur Ishurdi, Bangladesh. The signing was done by Dewayana Agung Nugroho, Director of LRS and Muhammad Afsar Ali, Managing Director Biswas Construction at the Hotel Savoy Homann Bandung on Thursday, October 20, 2016.



LRS signed a contract with one of the local companies that have won the tender work in Bangladesh with Bangladesh Railway (Regulator and the owner Facilities and Railway Infrastructure in Bangladesh) as the owner of the work. In this case the LRS will make modifications to the railway signaling system that has interlocking types of VPI.

Len signaling standard product brand like Control Console (VDU / LCP), signal lights LED, Main Distribution Panel and others have been ready to be exported to the country "Land of Bengal" of more than 140 million inhabitants. For this project Len would have the support of Alstom Transport Indonesia. This job also will be a First Entry for Len to be able to work on other signaling projects in Bangladesh.



Len achieve the company's performance in 2015 was quite good with revenues of Rp.2,24 Trillion ( audited), 33.5% of them from the business of railway transportation. The revenues exceeded the prior year revenues amounted Rp.2,1 Trillion Trillion Rp.2,39 income target in 2016.

sumber website pt len

 

[CountStrike]

Indonesia becomes first to invest in Russian aviation company
Kamis, 3 November 2016 16:58 WIB | 232 Views

Jakarta (ANTARA News) - Indonesia became the first foreign country to invest in Rusnano, the Russian nanotechnology developing company, with a value of US$30 million for the initial phase of a total amount of $100 million.

A statement from the Russia-Indonesia Business Council received by ANTARA here on Thursday said that the Russian nanotechnology company and Indonesian infrastructure company, PT Wijaya Infrastructure Indonesia, signed an agreement to establish the International Aerospace Foundation (IASF).

The agreement was made at the annual Indonesia-Russia Business Forum on October 31, 2016, in Jakarta.

The document paper was signed by Rusnanos Investment Director Dmitry Pimkin and President Director of PT Wijaya Infrastructure Indonesia, Didie Soewondho, who is also the Chairman of the Indonesia-Russia Business Council.

"It is important that most Russian companies, which are interested in working in Indonesia, already have local partners or are in the process of selection," the CEO of Russian-Indonesian Business Council, Mikhail Kuritsyn, said.

After the completion of the investment, the funds will be used within five years for the development of navigation systems and satellite communication systems, the manufacture of new materials and components for satellites, aircraft and production and other related economic sectors.

The Russia-Indonesia Business Forum was attended by the Russian Federation Minister of Industry and Trade, Denis Manturov; the Indonesian Minister of Maritime Affairs and Fisheries, Susi Pudjiastuti; the Indonesian Coordinating Minister for Economic Affairs, Darmin Nasution; and the Russian Federation Ambassador Extraordinary and Plenipotentiary to Indonesia, Mikhail Galuzin.

The forum was participated by 150 delegates from Indonesian companies and 100 representatives from Russian companies, including Russian Railways, United Shipbuilding Corporation, Rosneft, Rusal, Rusnano and Rostech.

The Russia-Indonesia Business Council is a non-governmental organization which was established to bring together Russian and Indonesian businesses.

Its main mission was to develop a mutually beneficial business relationship in order to strengthen and expand economic trade, investment and scientific cooperation between the two countries.(*)