Good morning Chief... 

The following is important information related to the development of the business universe that needs attention today based on the curation of the SUAR Team.

Polemics over the blocking of sleep accounts, here's how to get around it

• The Financial Transaction Reports and Analysis Center (PPATK) plans to block bank accounts that have dormant status or are not actively used for transactions for three months. In its release, PPATK said this was done because in the analysis of the last five years, it found the rampant use of dormant accounts whose owners were not known to be the target of crime and other criminal acts.
• Based on PPATK data, there are more than 140,000 dormant accounts for more than 10 years, with a value of IDR 428 billion. Since 2020, PPATK has also found more than 1 million accounts allegedly related to criminal acts. Of these, 150,000 are nominees or obtained from account buying and selling activities, hacking. While the other 50,000 are classified as no activity.
• It was also found that more than 2,000 accounts belonging to government agencies and expenditure treasurers were declared dormant with total funds reaching Rp500 billion.

• Senior financial planner, Risza Bambang, believes that this is very detrimental to the community and is not appropriate in this difficult era. According to him, this regulation is also somewhat contrary to financial planning where there is always an account called an emergency fund. "That should not be tampered with because it is intended to be used at one time. This is the same as being forced, willingly or unwillingly, to cultivate funds," he said.
• Based on data from the Deposit Insurance Corporation (LPS) until the end of May 2025, the number of customer accounts with a deposit balance of up to Rp100 million reached 619.64 million, or around 98.9% of the total accounts. This figure has increased by 0.8% in a month and 2.9% so far this year.

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The Business World Embraces Students to Develop the Green Industry

• Vice President Director of PT Toyota Motor Manufacturing Indonesia (TMMIN), Bob Azam, highlighted the importance of preparing human resources to become a leading sector that attracts the green industry. This is what in the future can become a new field of work for the Indonesian workforce.
• "The philosophy of'make people before make product' becomes relevant here, where talent preparation is key to optimizing the benefits of the green industry," Bob said.
• Luh Gede Saraswati Putri, a lecturer in philosophy at the University of Indonesia and author of the book Ecophenomenology, emphasizes that the availability of green jobs for gen-Z is highly dependent on an integrated ecosystem. This ecosystem involves four main pillars: universities, industry, government, and consumers. "As long as we understand that environmental sustainability is an issue of collective welfare, then we are encouraged to make the ecosystem healthier," explains Saras Dewi.
• The government through the Ministry of Industry (Kemenperin) is also actively encouraging the development of green industries by involving the role of campuses. Director General of Resilience, Territory and International Industrial Access (KPAII) of the Ministry of Industry, Eko S.A. Cahyanto, at the AIGIS event, underlined the importance of encouraging students to continue to innovate and contribute to the green industry.
  

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Strengthening Energy Security, 17 Modular Oil Refineries Ready to Boost Indonesia's Economy

• Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that the focus of the investment is the construction of 17small modular refineries in Indonesia, not in the US.
• "We are not investing in America. We will build small refineries in Indonesia, we will build 17small modular refineries," Airlangga explained at the Economic Diplomacy event : Navigating Global Challenges Toward a New Economic Partnership in Jakarta, Tuesday (29/7/2025).
• Airlangga further explained that the 17 refineries will be built separately, taking into account logistics cost efficiency. He also clarified that Indonesia will purchaseengineering, procurement, construction (EPC) services from the United States as a trading partner.

• In line with Airlangga, Minister of Investment and Downstream Rosan P Roeslani added that the construction of oil refineries in Indonesia is very necessary. This is related to one of the strategic cooperation points between Indonesia and the United States, namely the import ofcrude oil from the US.
• " Therefinery must of course be in accordance with the characteristics of the crude oil that will be imported from the United States. Investment from America and refineries are also in accordance with the characteristics of the country," Rosan said at a press conference in Jakarta, Tuesday (29/7/2025).

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Opportunities for Industry from Decarbonization Efforts

• Indonesia's commitment to reduce carbon emissions or decarbonization opens up new opportunities. Industry players are adapting to this as green economy activities are increasingly becoming a requirement for conducting business activities with environmental awareness.
• A recent report by research institute Clean Transition titled Decarbonization Strategy for Aluminium Downstream affirms that decarbonization is an important condition for maintaining export sustainability and national industrialization.
• Center for Research on Energy and Clean Air (CREA) analyst Katherine Hasan said that the burden of carbon emissions is now increasingly being integrated as a disincentive for high-carbon commodities. "We hope that national industrial planning will fully integrate low-carbon principles, which will greatly determine the future prospects of Indonesia's industrial sector," Katherine said.
• In addition to opportunities from decarbonization, there are also opportunities from green jobs. In the midst of the widespread phenomenon of layoffs, the development of the green economy has the potential for an additional 72 million new jobs from green jobs.

• Based on the Indonesia Green Jobs Development Roadmap for Indonesia's Green Jobs Conference (IGJC) 2025: Turning Vision Into Action launched by the Ministry of National Development Planning/Bappenas last April, the number of potential green jobs is projected to reach 56 million by 2025 and will increase to 72 million by 2029.

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Leveraging Working Capital Loans from Interest Rate Cut

• Since the beginning of this year, Bank Indonesia has lowered the BI-Rate benchmark interest rate three times. This policy is expected to boost the economy, especially the business world.
• BI lowered the benchmark interest rate by 25 basis points (bps) from 6.00 percent at the end of 2024 to 5.75 percent. Another reduction was made on May 21, 2025 to 5.50 percent. Finally, on July 16, the interest rate was also reduced to 5.25 percent. Along with the BI-Rate reduction, the Deposit Facility interest rate also fell 25 bps to 4.50 percent and the Lending Facility interest rate also fell 25 bps to 6.00 percent.
• BI continues to encourage bank lending to support the financing of economic activities. Bank credit in June 2025 grew 7.77 percent on an annual basis. This figure decreased compared to the growth in May 2025 which amounted to 8.43 percent. Based on usage, investment credit grew higher, namely 12.53 percent compared to consumption credit and working capital credit which amounted to 8.49 percent and 4.45 percent respectively.

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Indonesia Catalogue Expo and Forum (ICEF) 2025: This exhibition is held in order to bring together business actors to encourage the use of domestic products and also become a forum for e-catalog socialization for business actors to better understand the e-catalog system. This event will be held on July 30 - August 1, 2025 at JIExpo Kemayoran Jakarta.

July 2025 Industrial Confidence Index (IKI) Release: The Ministry of Industry (MoI) will release the July 2025 IKI research results on Thursday, August 31, 2025 at the Ministry of Industry Building, Jakarta. Present to provide material is the Spokesperson for the Ministry of Industry Febri Hendri and the Ministry of Industry. This IKI is used by the business world to see how the confidence of the world of work.

"Don't be afraid to make mistakes. Every mistake is an opportunity to learn and grow." Daymond John (Entrepreneur and Investor)

Have a good day Chief.

Team SUAR

Have a good day Chief.

Team SUAR