How can Indonesia maximize its demographic bonus and global labor opportunities while contributing to the broader economy? According to the Golden Indonesia 2045 Plan of Labor Long Term Plan Document (RTKJP), the open unemployment rate target in 2045 is 4%. To achieve its strategic vision of the unemployment rate and harness the demographic bonus, Indonesia should effectively leverage its human capital by deploying Indonesian migrant workers (PMI). While public perception often associates PMI with domestic workers or unskilled labor, IBC conducts a study focusing on low- and medium-skilled PMI, encouraging Indonesia to recognize its labor force growing skills and capabilities to meet global labor demands.

Indonesia faces internal challenges that obstruct its abilities in effectively deploying skilled PMI. This setbacks cause them to be less competitive at times compared to migrants deployed by peers like India, Philippines, and Vietnam. However, job opportunities abroad are widely available due to global shortages. For example, Japan and Germany experiences shortages of 250,000 and 17,656 caregivers respectively. Japan also experiences a shortage of 195,000 welders, while Australia reports a need for 70,000 welders. Meanwhile, South Korea, Japan, and Australia report a shortage of 14,000, 36,500, and 26,000 horticulture workers respectively. These labor shortages present an opportunity for PMI to prepare themselves and contribute to addressing this global workforce gap.

Although Indonesia boasts a substantial number of low and medium-skilled workers capable of fulfilling these needs, it is still markedly underrepresented in global labor markets. This underutilized workforce—often termed “hidden gold”—has the potential to enhance Indonesia’s global standing, driving economic growth through increased remittances, lowering unemployment rates, and enhancing workforce skills. This initiative aims to establish Indonesia’s overseas labor sector as a fundamental element of the country’s economic plan, utilizing specialized upskilling programs to tap into this potential and boost the nation’s competitiveness.

Dive deeper into IBC’s focus group discussion on Indonesian migrant workers to explore our the opportunities, challenges, and strategies to fully maximize the potential of this “hidden gold” for Indonesia’s economy.

The post Strategic Expansion of Indonesia’s Overseas Workers Industry to Support National Economic Goals appeared first on Indonesian Business Council.

IBC presented “IBC Business Competitiveness Outlook 2025″ on 13 January 2025, in Jakarta – highlighting four approaches required to strengthen collaboration with the business world and attract investment. These are governance reforms to improve ease of doing business, private and government collaboration in infrastructure development and improving socio-economic quality, increasing industrialization through downstream strategies, and encouraging a green economy.

The event was opened by CEO of IBC Sofyan Djalil, followed by a keynote speech by Indonesian Coordinating Minister of Economic Affairs Airlangga Hartarto. At this event, COO of IBC William Sabandar also presented “IBC Business Competitiveness Outlook 2025″ which highlight an extremely challenging mission carried out by the Indonesian government to achieve its growth target.

As part of the discussion, the event hosted panelist Vice Minister of Foreign Affairs Arif Havas Oegroseno, Vice President Director of the TBS Energy Utama Pandu Sjahrir, Professor and Economist of University of Indonesia Telisa Falianty, and Head of Surveillance and Integrated Financial Services Sector Policy of Indonesia Financial Services Authority Henry Rialdi. The panel was moderated by CNN Indonesia Senior Director Desi Anwar.

The post IBC Business Outlook 2025 appeared first on Indonesian Business Council.

CEO of Landscape Indonesia provides a comprehensive introduction to the carbon market, covering foundational concepts, necessary terminology, mechanisms and relevant approaches. Participants will gain a ‘helicopter view’ of the carbon market’s structure and function.

Agus Sari’s session titled Understanding the Carbon Market: Fundamentals and Mechanisms was presented at the “Indonesian Carbon Market Academy (ICMA): Fundamentals, Mechanism and Future Trends of Carbon Market” organized by IBC on 24 July 2024 with members representatives and practitioners of carbon market/trading.

ICMA serves as a platform for stakeholders, particularly business leaders and sustainability professionals to gain knowledge on the carbon market development and implementation in Indonesia.

The post Understanding the Carbon Market – Fundamentals and Mechanisms by Agus Sari of Landscape Indonesia appeared first on Indonesian Business Council.

Co-founder/Executive Director Indonesia Center for Renewable Energy Studies (ICRES) Paul Butarbutar speaks about “Managing the Dynamics of Carbon Market Policies and Incentives” at the “Indonesian Carbon Market Academy (ICMA): Fundamentals, Mechanism and Future Trends of Carbon Market”. 

Paul highlights the Indonesian regulatory ecosystem for the carbon market and what needs to be improved to be able to compete with its global counterpart.

ICMA is organized by IBC on 24 July 2024 with members representatives and practitioners of carbon market/trading. ICMA serves as a platform for stakeholders, particularly business leaders and sustainability professionals to gain knowledge on the carbon market development and implementation in Indonesia.

ives and practitioners of carbon market/trading. ICMA serves as a platform for stakeholders, particularly business leaders and sustainability professionals to gain knowledge on the carbon market development and implementation in Indonesia.

The post IBC Carbon Series: Indonesian Carbon Market Policy by Paul Butarbutar appeared first on Indonesian Business Council.

The Intergovernmental Panel on Climate Change (IPCC) report states that the majority of the increase in earth’s temperature has been triggered by human activities in the last 50-100 years. Many countries have set targets to pursue net zero emissions to reduce global temperature increases and climate change. The carbon market plays an important role to achieve this net zero target. It becomes an important strategy for sustainable development that will help build the economy without having to abandon the environmental impact of doing business.

How to strengthen regulations and supervision of the implementation of carbon trading through the Indonesian carbon exchange? Listen to the complete discussion at IBC’s first Public Dialogue on “Expanding Indonesia’s Carbon Market: Opportunities for Economic Growth and Sustainability” held on:

Tuesday, March 19, 2024

15:30–17:30 WIB

at The Hermitage Hotel Jakarta

The post IBC Public Dialogue: Expanding Indonesia’s Carbon Market appeared first on Indonesian Business Council.

The post IBC – ASEAN-Indo-Pacific Forum Networking Luncheon 2023 appeared first on Indonesian Business Council.