President Prabowo Witnesses Business Agreements Worth Rp401.71 Trillion, Indonesia Becomes Regional Investment Magnet
President of the Republic of Indonesia Prabowo Subianto directly witnessed the announcement of 10 memoranda of understanding (MoUs) and strategic cooperation agreements between Indonesian and Japanese business actors at the Indonesia-Japan Business Forum held at the Imperial Hotel in Tokyo on Monday (30/03/2026). The agreements reached at the forum have a total value of US$23.63 billion or approximately Rp401.71 trillion.
In the presence of President Prabowo, representatives from companies in both countries took turns presenting and displaying the agreed cooperations. This moment serves as a strong symbol of the commitment of the business worlds of Indonesia and Japan to expand concrete collaboration while demonstrating high confidence in Indonesia’s economic prospects.
The announced cooperations include the development of downstream projects based on clean energy, such as methanol production from carbon emissions, cooperation in the exploration and development of the oil and gas sector, geothermal energy development, and strengthening the inclusive financial ecosystem and strategic investments.
The list of memoranda of understanding announced is as follows:
MoU on methanol production utilising CO2 emissions from PKT in Bontang, East Kalimantan, between PT Pupuk Kalimantan Timur and PT Kaltim Methanol Industry;
MoU on cooperation in the fields of trade, commerce, and investment between the Indonesian Chamber of Commerce and Industry (KADIN Indonesia) and the Japan Chamber of Commerce and Industry;
Strategic cooperation for the development of the Abadi Gas Field in the Masela Block, Indonesia, between PT Pertamina (Persero) and INPEX;
MoU for potential partnership opportunities in the upstream oil and gas sector in Indonesia and Southeast Asia between PT Pertamina Hulu Energi and INPEX;
MoU on the development of the semiconductor ecosystem in Indonesia and Japan; electronic chip design and manufacturing as well as artificial intelligence between PT Eblo Teknologi Indonesia and Hayashi Kinzoku Co., Ltd.;
MoU related to various studies towards the realisation of the Rajabasa Geothermal Power Plant Project between PT Supreme Energy Rajabasa and INPEX;
MoU between SMBC Indonesia and Pegadaian to contribute to Indonesia’s gold ecosystem and financial inclusion between PT Pegadaian and PT Bank SMBC Indonesia;
MoU on the Indonesia-Japan Strategic Beauty Partnership between PT Nose Herbal Indo and 2Way World;
MoU on the Mandiri Aviation Leasing Fund between Danantara and Mandiri Investment Management and SMBC Aviation Capital;
MoU on strengthening cooperation relations between JETRO and PT Danantara Investment Management.
MoU on the Hululais Geothermal Power Plant Project between the Government of Indonesia and JICA.
This momentum also reaffirms Indonesia’s position as Japan’s primary strategic partner in the Asian region, with increasingly promising growth prospects and mutually beneficial collaboration for both countries.