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An Update from the American Chamber of Commerce in Indonesia

NEWS | 27 July 2022

AmCham Indonesia is the oldest and largest US-oriented business association in Indonesia. They work with a large number of professionals and companies that are engaged in commercial activities involving the two countries, and their central mission is to promote US-Indonesia commercial relations and to serve their members as a key resource for advocacy, information and networking.

First formed in 1971, AmCham Indonesia has grown to hundreds of members representing more than 300 companies. Our members are drawn from many nationalities, united by their interest and involvement in trade and investment between the US and Indonesia.

Amcham Values are of the highest order being:

-The highest degree of professional ethics and personal integrity;

-Innovation and excellence in execution;

-Transparency, good governance, and respect for the rule of law;

- Responsibility towards the individual, society, and the environment.

Amcham represents their members' business interests, helping to provide consistent access and engagement with the Indonesian government on regulatory and market access issues. Here they bring us an update on an important meeting that took place recently in Bali , and also three great stories under their excellent program Amcham Cares.

A Meeting of Finance Ministers

Indonesia Minister of Finance, Sri Mulyani held a meeting with US Finance Minister Janet Yellen in the series of the G20 agenda this week in Bali. During the talks, the two state treasurers discussed environmental, food and energy issues.

Minister of Finance Sri Mulyani said the importance of concrete and technical steps are needed to support the implementation of shifting the use of power plants to environmentally friendly energy sources, which requires large funding.

"One of them is through the Energy Transition Mechanism (ETM) policy which has been initiated and launched by Indonesia and the World Development Bank (Asian Development Bank/ADB)," she said in an official statement on Saturday, July 16.

Minister of Finance Sri Mulyani and Minister of Finance Yellen agreed to underline that the consequences of geopolitical issues that have not yet experienced de-escalation, are the causes of the ongoing food and energy crisis, including the various impacts caused by the conflict in Ukraine. This is one of the triggers for the continued soaring world energy prices, and causes challenges to the global economy. To overcome this, various policy options need to be discussed so that world oil supply is maintained and world oil prices can return to pre-conflict levels.

"The handling of the food and energy crisis in the world must be accelerated because actually anyone has the right to access affordable food and energy," she said.

Minister of Finance Sri Mulyani will discuss the proposal to be discussed together with the relevant ministers in charge of the energy sector.

Meanwhile, this week's G20 agenda in Bali is the third meeting of the Finance ministers and central bank governorsMCBG to try to contribute in dealing with various major problems in the world.

The agenda proposed by Indonesia as President of the G20 is clear evidence of the significance and relevance of its role in achieving global economic recovery together, in line with the direction of this year's leadership theme, namely Recover Together, Recover Stronger.

AmCham Cares

One:  Grand Hyatt

June has been the global month of community service for Hyatt Hotels Corporation since 2012. This year, Grand Hyatt Jakarta and Alila Jakarta SCBD took the opportunity to give back to the community by holding hospitality workshops for disabled students at Yayasan Emmanuel in Sentul, Bogor, on June 23.

Grand Hyatt Jakarta initiated an insightful workshop about grooming and hygiene, while Alila Jakarta SCBD touched on food and beverage services. The exclusive training brought mentors and volunteers from both hotels to more than 20 disabled young adults gathered at the location. Additionally, Grand Hyatt Jakarta supplied equipment, such as plates, cutlery and glasses, for the students to practice on.

Yayasan Emmanuel is a non-profit organization that serves underprivileged youth and children with special needs. It received a Hyatt Community Grant in 2021 following its nomination by Grand Hyatt Jakarta.

Yayasan Emmanuel and Grand Hyatt Jakarta have collaborated for the Food Rescue program for more than 15 years, delivering six to eight kilograms of food to diverse communities in need around Jakarta every day.

Two: EY

As a proud member of the United Nations Global Compact, EY is committed to advancing the United Nations' Sustainable Development Goals (SDGs) through the EY Ripples program in three focus areas: supporting the next generation workforce, working with impact entrepreneurs, and accelerating environmental sustainability.

In Indonesia, EY started in 2020 with five projects: Covid-19 Response, Entrepreneurship Masterclass, Developing Digital Talent, Conscious Consumption, and Environment and Climate Change actions.

In September 2021, EY collaborated with Youth Environmental Action (YEA) at Universitas Indonesia to hold a series of coaching clinics to raise public awareness of current environmental issues and promote the circular economy concept for a better environment. This program is part of the 10th UI Youth Environmental Action “Unlocking The Circular Economy Potential For A Global Sustainable Future” celebration.

From January to June this year, alongside the Centre for Environmental, Social and Governance Studies (CESGS) of Universitas Airlangga, EY hosted Sustainable Financial Lab (SFL) – “Raising future sustainable leaders, Integrating MSME Impact”. This program aimed to empower students as active agents in increasing the sustainability of Indonesia’s MSMEs (UMKM).

These powerful collaborations have implemented three of the Ripples program pillars: supporting the next generation workforce, collaborating with impact entrepreneurs, and accelerating environmental sustainability; bringing us one step closer to solving the country’s most pressing problems.

Three: Reckitt

AmCham Platinum Member Reckitt, through its brand Dettol, held virtual seminars on June 9 and 16 entitled “The Importance of Clean and Healthy Behavior in the Family Environment” as a continuation of the Keluarga Sehat Indonesia Kuat (Strong Indonesian Healthy Family) campaign launched last year.

For this educational program, Dettol collaborated with the National Population and Family Planning Agency (BKKBN), the Indonesian Midwives Association (IBI), and Klikdokter-KlikKB to provide education to midwives regarding the importance of clean and healthy behavior in maintaining family health and preventing stunting. Midwives hold an important role in relaying the message to their patients. The Head of BKKBN, Dr (HC) Hasto Wardoyo, SpOG; Chairman of IBI, Dr Emi Nurjasmi, MKes; Dr Reisa Broto Asmoro; and, Dr Lazuardi Putra joined the discussion.

Through this series of activities, Dettol has educated more than 11,000 midwives and will distribute 175,000 Dettol Antiseptic Liquid products to 3,500 midwife clinics in several provinces to complement the educational materials for their patients.

Well done to these three great companies for really “walking the walk” during these hard times.