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Cambodia starts pepper exports to China

In a significant move, Cambodia last month started exporting pepper to China, its biggest trading partner, marking the successful culmination of year-long preparations for the shipments.

According to the Government-owned TVK television channel, 30 tonnes of black pepper were exported to Qingdao, China on April 10 and 20, 2024.

“Pepper is Cambodia’s first spice product exported to the Chinese market,” a Facebook post by TVK said yesterday. Cambodia’s pepper is recognized as one of the best-quality pepper in the world.

Another Facebook post by Sela Pepper Co. Ltd confirmed that its first shipment was despatched to China on April 20. A second shipment is scheduled to leave for China tomorrow.

Since the Chinese Embassy announced the move to buy pepper from Cambodia on May 12, 2023, it took almost a year of hard work to make it happen. The export of pepper to China is expected to considerably help the sector, especially the farmers.

While confirming the exports, Cambodia Pepper and Spices Federation (CPSF), yesterday, called it “a promising start with room for growth.”

“The recent launch of direct Cambodian pepper exports to China presents a significant opportunity for the Cambodian economy. China’s massive consumer base offers a new and potentially lucrative market for Cambodian pepper exporters,” Vannal Van, Executive Director of CPSF told Khmer Times in a message.

For full article, please read here
Reporter: Manoj Mathew 

Thai-tanic surge: Thailand investment pledges make waves

According to data released by the Board of Investment (BOI) today, Thailand’s investment pledges surged 31% in the first quarter of 2024. This promising growth was recorded in comparison to the corresponding period of last year.
The information revealed that the aggregate value of all investment applications in the first three months, leading up to March, soared to 228 billion baht (US$6.2 billion). Interestingly, foreign investors were the major contributors, accounting for over half of the total investment.
This development reflects the growing confidence of international investors in Thailand’s economic potential and stability. It also underlines the successful policies implemented by the Thai government to attract foreign investment.
The Board of Investment’s role in promoting Thailand as an attractive investment destination cannot be overstated. It has been pivotal in driving the country’s economic growth and creating job opportunities, fostering a conducive environment for business expansion.
The BOI continues to oversee a broad range of sectors, inviting investment and facilitating the process for potential investors. The increase in investment pledges is a testament to the BOI’s effectiveness and Thailand’s ongoing appeal as a business hub.
In an era where global economies are grappling with uncertainties, such a positive trend in investment pledges is a welcome sign. It signifies that despite the challenges, Thailand continues to be a robust and viable choice for investors worldwide.
Investment pledges
This upward trajectory in investment pledges is expected to continue, fuelled by the country’s strategic location, skilled workforce, and comprehensive infrastructure. Thailand’s investment-friendly atmosphere and the BOI’s proactive approach will attract more foreign entities in the future.
While the increase in investment pledges is encouraging, it is also crucial to ensure that the investments are channelled into sectors that will contribute to sustainable growth. The BOI’s strategic focus on high-potential industries such as technology, finance, and marketing, is expected to ensure that the investments generate significant economic and social benefits.
As these sectors are integral to the country’s future economic development, attracting substantial investments in these areas would further strengthen Thailand’s position as an economic powerhouse in the region.
The 31% rise in investment pledges to Thailand in the first quarter of 2024 is an indication of the country’s economic stability and potential for growth. With the BOI’s strategic oversight and the government’s supportive policies, Thailand continues to cement its position as a preferred destination for foreign investors.

Source : Thaiger

Microsoft to build first data centre in Thailand

Visiting CEO Satya Nadella talks up opportunity to drive ‘digital-first, AI-powered future’
Microsoft on Wednesday announced its first data centre investment in Thailand to capitalise on the growth of AI-driven transformation in Southeast Asia.
Chairman and chief executive officer Satya Nadella made the announcement in front of some 2,000 developers and business and technology leaders at the Microsoft Build: AI Day in Bangkok. The event was also attended by Prime Minister Srettha Thavisin.
The commitments build on a memorandum of understanding Microsoft signed earlier with the government to help realise a digital-first, AI-powered future.
“We will invest our first data centre in Thailand,” said Mr Nadella.
The announcement came a day after Mr Nadella said the US software company would invest copy.7 billion to build cloud computing and artificial intelligence infrastructure in Indonesia. He is scheduled to conclude his three-country Southeast Asian tour in Malaysia on Thursday.
A source who is familiar with Microsoft said the Azure data centre in Thailand would be located in the Eastern Economic Corridor (EEC) with an investment estimated at copy billion. It will be one of about 300 Microsoft data centres worldwide.
“Thailand has an incredible opportunity to build a digital-first, AI-powered future,” Mr Nadella told his audience in Bangkok.
The new data centre in Thailand, along with other investments the company is making in cloud and AI infrastructure, as well as AI skills development, build on Microsoft’s long-standing commitment to the country – and will help Thai organisations across the public and private sectors drive new impact and growth, he said.
Microsoft is the latest US tech titan announcing a significant commitment to build new cloud and AI infrastructure in Thailand after Amazon Web Services and Google. The move is part of the company’s Asia Pacific expansion strategy to capitalise on the AI era and also minimise geopolitical risk.
Earlier Microsoft announced it would invest $2.9 billion over the next two years to expand hyperscale cloud computing and AI infrastructure in Japan.
Mr Srettha told the gathering that the Microsoft announcement emphasises Thailand’s strategic importance in Asean.
“Our ‘Ignite Thailand’ vision for 2030 aims to achieve the goal of developing the country’s stature as a regional digital economy hub that significantly enhances our innovation and R&D capabilities while also strengthening our tech workforce,” he said.
According to research by the management consultancy Kearney, AI could contribute nearly copy trillion to Southeast Asia’s gross domestic product by 2030, with Thailand poised to capture copy17 billion worth of the total.
According to Microsoft, the Thai data centre will expand the availability of hyperscale cloud services, offering enterprise-grade reliability, performance and compliance with data residency and privacy standards.
It is a response to growing demand for cloud computing services in Thailand from businesses and public sector organisations. It will also allow Thailand to capitalise on the significant economic and productivity opportunities presented by AI technology
Microsoft has also committed to provide 2.5 million people in Asean with AI skills by 2025, covering Thailand, Indonesia, Malaysia, the Philippines and Vietnam. More than 100,000 people in Thailand are expected to benefit.
In the developer community, a new initiative known as AI Odyssey is expected to help 6,000 Thai developers become AI subject matter experts by learning new skills and earning Microsoft credentials.
Thailand is a rapidly growing market on GitHub, the Microsoft-owned software development, collaboration and innovation platform. More than 900,000 Thailand-based developers used GitHub in 2023, representing 24% year-on-year growth.
Mr Naddella also said that many Thai organisations were using Microsoft’s generative AI-powered solutions, including Advanced Info Service Plc, the National Health Security Office, SCBX Plc and the Council of State.
Thailand is now ready for AI and the government has moved to fully support the AI industry, said Mr Srettha.
The country’s digital infrastructure is among the strongest in the region, including comprehensive broadband internet, mobile connectivity, 5G and an international submarine cable network, he said.
The second phase of the national AI strategy and action plan for 2024-27 will further unleash the power of AI and cloud computing through projects to strengthen the AI ecosystem, he added.
The Board of Investment also has developed incentive packages crafted specifically to help foster digital-related activities. As well, the premier said, the country has committed to provide at least 9 gigawatts of renewable energy through the Utility Green Tariff programme by 2030.

Source : Bangkok Post

Cooperation for sustainable financial development in ASEAN, opportunities for SMEs

On April 5th, the 28th ASEAN Finance Ministers' Meeting was held in Luang Prabang, Laos. Welcoming the achievements of the 27th ASEAN Finance Ministers' Meeting and efforts to improve the ASEAN financial sector, especially customs and taxation, the conference laid the groundwork for international trade opportunities for businesses in the Southeast Asian region, particularly SMEs.
In 2024, as the rotating Chairmanship of ASEAN, Laos successfully hosted the 28th ASEAN Finance Ministers' Meeting in Luang Prabang. This was one of the key events in the 2024 ASEAN Finance Ministers and Central Bank Governors' Meetings series. Vietnam, represented by Minister of Finance Ho Duc Phoc, led the delegation from the Vietnamese Ministry of Finance.
At the conference, the Vietnamese Minister of Finance emphasized the importance of trade connectivity while welcoming the completion of technical studies on Laos' new-generation ASEAN Single Window mechanism. Electronic data exchange within the ASEAN Single Window mechanism streamlines the preparation of documentation, and travel, and maximizes convenience for businesses during import and export procedures. As of February 15th, 2024, 250 administrative procedures from 13 ministries and sectors have been integrated into the National single-window mechanism, involving 69,500 enterprises (an increase of about 2,500 enterprises compared to the end of 2023). For the ASEAN Single Window mechanism, efforts continue to expand and maintain electronic data exchange on the D form certificate of origin with all 9 ASEAN member states . The completion of technical studies on the ASEAN Single Window mechanism is seen as a milestone to reduce risks for Vietnamese businesses, especially SMEs, and partly overcome barriers in trade, enhance participation in global supply chains, explore new trade opportunities, and optimize production and business processes.
In addition to customs, taxation was also a matter of interest and welcomed at the conference, as the ASEAN Tax Forum (AFT) task force implemented initiatives related to enhancing and improving bilateral tax treaty networks. In recent years, international tax reform has been extensive; however, the effective participation in and implementation of international tax reforms in each region remains a priority for discussion.
Speaking at the 28th ASEAN Finance Ministers' Meeting, Minister of Finance Ho Duc Phoc stated that enhancing the network of agreements to avoid double taxation within ASEAN has encouraged cross-border economic activities, and facilitated transparency in investment environments in ASEAN countries . According to statistics from the General Department of Taxation - Ministry of Finance, by 2020, Vietnam had signed double taxation avoidance agreements with 80 countries and territories, mostly ASEAN member countries. Enhancing the network of tax agreements has spurred businesses, especially SMEs, to expand into international markets and increase revenue.
The conference also focused on insurance, securities, etc., aiming to address emerging issues in the region such as green finance, digital finance, mobilization of resources for infrastructure, and disaster risk management . Close financial cooperation between Vietnam and ASEAN countries sets the stage for SMEs to receive preferential treatment in trade, especially regarding tariffs, investment conditions, and foreign services. Additionally, at the seminar "ASEAN Market: From Initiative to Action," Dr. Nguyen Thi Thu Trang, Director of the WTO and Integration Center (Vietnam Chamber of Commerce and Industry - VCCI), noted that opportunities from ASEAN agreements will help remove non-tariff barriers and administrative procedures, making trade rules at borders more transparent and predictable, thereby reducing costs, enhancing business efficiency, and improving competitiveness for businesses in the region, while also creating conditions for SMEs to develop not only in the domestic market but also in the Asian region.

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World Bank outlines key reform priorities for Thailand’s economic growth

The report underscores the importance of improving education outcomes, enhancing tech competitiveness, promoting sustainable practices, and strengthening fiscal institutions for Thailand's economic advancement.
The World Bank has launched its Systematic Country Diagnostic (SCD) Update for Thailand, outlining five reform priorities for the country to boost growth during a sustained economic downturn.
- The World Bank’s Systematic Country Diagnostic Update for Thailand emphasizes five key reform priorities to drive sustainable growth and inclusive prosperity in the country.
- Thailand needs to focus on building strong human capital, creating a competitive and innovative economy, and ensuring sustainable and climate-resilient development to achieve economic prosperity and societal equity.
- The report underscores the importance of improving education outcomes, enhancing tech competitiveness, promoting sustainable practices, and strengthening fiscal institutions for Thailand’s economic advancement.
The priorities include building strong human capital, fostering a competitive and innovative economy, unlocking growth in secondary cities, ensuring sustainable and climate-resilient development, and strengthening fiscal institutions and public finance.
The report highlights the importance of Thailand’s efforts to enhance education outcomes, particularly in the areas of science, technology, engineering, and mathematics (STEM) fields. It also emphasizes the need for the country to improve its technological competitiveness in the global market by investing in research and development, innovation, and digital infrastructure.
Furthermore, the report underscores the significance of promoting sustainable practices across various sectors such as agriculture, manufacturing, and energy production. This includes initiatives to reduce carbon emissions, increase energy efficiency, and promote renewable energy sources.
In addition, the report addresses the challenges posed by climate change and the need for Thailand to develop strategies to mitigate its impact. This includes measures to adapt to changing weather patterns, protect natural resources, and reduce vulnerability to extreme weather events.
The Stakeholder Consultation and Dialogue (SCD) Update involved input from a diverse range of stakeholders including government agencies, private sector representatives, non-governmental organizations, and academic institutions. The aim of the update is to provide support for Thailand’s transition towards greater economic prosperity while maintaining environmental integrity. This involves a balanced approach that considers both economic growth and environmental sustainability.
 

Thailand smiles at both Taiwan and China as it courts EV investment

Thailand has seen a rise in investment from Taiwan as the Southeast Asian nation seeks to build up its electric-vehicle and chip industries, even as it stays open for business with mainland China.

One of the newest symbols of this expansion is a plant by Taiwan's Delta Electronics in an industrial park in Samut Prakan province, east of Bangkok.

During a visit last moth, Prime Minister Srettha Thavisin said his government was happy to support the project, which is in line with the Ignite Thailand vision to promote the domestic EV industry in Southeast Asia's top auto producer. The government has offered tax incentives and other attractions for investment.

Delta's new plant will make equipment for vehicles and EV chargers. The roughly 3 billion baht ($82 million) facility includes a research and development center.

Delta's Thai subsidiary is listed on the Bangkok stock market and ranks among the top three companies in market capitalization. Growing geopolitical risks have pushed the Delta group to scale down production in China and expand investment in Thailand.

Srettha credited Delta for "bolstering Thailand's supply chain ecosystem" for EVs and said that the government will continue to provide support.

Elsewhere in Thailand's EV sector, iPhone assembler Hon Hai Precision Industry, also known as Foxconn, has joined forces with state-owned energy group PTT to build a plant that will manufacture EVs on contract. Taiwan's Kymco has partnered with PTT to roll out electric motorcycles in the Thai market.

Taiwanese companies are investing in Thailand's semiconductor industry as well. Circuit board maker Zhen Ding Technology and Thai conglomerate Saha Group will build a plant in Thailand's east. The first phase of the project is expected to cost 10 billion baht, with operations slated to begin next year.

 

Source : NIKKEI ASIA

Thailand Strengthens EV Support Program to Promote Battery Innovation

The EV Board approved measures to promote investment in battery cell production and energy storage systems, attracting leading battery manufacturers to invest in Thailand.
Thailand’s National Electric Vehicle Policy Committee has approved new measures to promote the adoption of electric buses, trucks, and the establishment of battery bases.
Thailand’s EV Board approved measures to support the uptake of electric buses and trucks, aiming to make the country a regional EV hub and achieve carbon neutrality goals.
Companies can now deduct expenses for e-bus and e-truck purchases from their corporate income tax, incentivizing the transition from fossil fuel vehicles to EVs.
The EV Board also approved measures to promote investment in battery cell production and energy storage systems, attracting leading battery manufacturers to invest in Thailand.
These measures aim to make Thailand a regional electric vehicle hub and help the country achieve its carbon neutrality goals. The incentives include subsidies for the production of electric vehicles and tax deductions for companies purchasing electric buses and trucks.
Additionally, the government has approved measures to attract investment in battery cell production and energy storage systems, with support provided through the Competitiveness Enhancement Fund. The goal is to attract leading battery manufacturers to invest in Thailand. These initiatives are expected to accelerate the transition from fossil fuel vehicles to electric ones, and have already contributed to significant growth in Thailand’s EV market.
The EV Board has approved measures to promote investment in battery cell production and energy storage systems by providing financial support through the country’s Competitiveness Enhancement Fund. The support scheme may also offer additional benefits to eligible companies under Thailand’s Competitiveness Enhancement Act. These measures aim to attract more leading battery manufacturers with advanced technology to invest in Thailand.
Under these measures, investors can apply for benefits and financial support from the BOI’s Competitive Enhancement Fund. The initial criteria for investors to apply are as follows:
1. The investor must be a leading battery manufacturer used by EV manufacturers;
2. The investor must have a plan to produce battery cells for EVs and ESS;
3. The battery cells must have an energy density of at least 150 Wh/kg; and
4. The battery must have a minimum life cycle of 1,000 cycles.
Project investment proposals must be submitted by the end of 2027.
The EV Board’s approval of measures to promote investment in battery cell production and energy storage systems is aimed at attracting leading battery manufacturers to invest in Thailand. This initiative is part of the country’s efforts to position itself as a hub for electric vehicle (EV) production and related technologies.
By encouraging investment in battery cell production and energy storage systems, Thailand aims to strengthen its position in the global EV market and contribute to the development of sustainable transportation solutions. This move also reflects the growing importance of energy storage systems in supporting the widespread adoption of EVs and renewable energy sources. Overall, the approval of these measures signals Thailand’s commitment to fostering a conducive environment for investment in the EV and energy storage sectors.
 

Timor-Leste Launches Information Portal to Boost Trade

DILI, Timor-Leste, April 9, 2024 — To facilitate cross-border trade and provide more transparent and predictable trade information for businesses, the Timor-Leste Ministry of Commerce and Industry today launched the Timor-Leste Trade Information Portal (www.tip.mci.gov.tl), which has been supported by the World Bank.

Through the portal, the government aims to make import and export activity easier and less costly. The portal is also intended to reinforce the country’s efforts to integrate into regional and global markets.

"The Timor-Leste Trade Information Portal aims to improve the country's business environment,” said Timor-Leste Deputy Prime Minister Francisco Kalbuadi Lay. “With access to the right information at the right time, local businesses will be able to confidently venture into regional and international markets —helping to diversify the economy and improve the life of our people through trade."

The web-based system provides a single source for all cross-border trade information. Over 165 laws, regulations, procedures, and other trade-related measures from 22 different government agencies are now accessible online. Businesses can also find licenses, permits, and applicable fees through the portal.

The portal is the latest government initiative to improve cross-border trade and create a conducive business environment and follows Timor-Leste's accession to the World Trade Organization (WTO) in February. The development of the portal complies with the WTO Trade Facilitation Agreement and is aligned with the country’s post-accession strategy. Once launched, the portal will also meet ASEAN National Trade Repository (NTR) requirements for transparency on trade laws and procedures in line with the ASEAN Trade in Goods Agreement (ATIGA) by providing.

"Trade is an important engine of growth for Timor-Leste," said World Bank Country Manager for Timor-Leste Bernard Harborne. " Having fast and easy access to trade information and procedures is crucial for traders and investors. The Timor-Leste Trade Information Portal is an essential piece of a larger, on-going effort by Timor-Leste to grow its private sector and create jobs and opportunities. The World Bank firmly supports these efforts."

It is hoped that a single, easily searchable platform containing all trade regulations and procedures will be especially useful to smaller enterprises interested in or involved in the import, export, and transit businesses. Another anticipated benefit from greater transparency is expected to be feedback from stakeholders about ways government could modernize and simplify regulations and procedures.

“The portal is an active response towards meeting the needs of the private sector,” said Chairman, Timor-Leste Chamber of Commerce – Jorge Serano. “We anticipate that it will greatly contribute to the ease of doing business and our members will be active users of the platform.”

As part of the World Bank’s engagement in Timor-Leste, the creation of the portal was supported by the Trade Facilitation Support Program, which is managed by the World Bank and funded by nine donor partners:

Australia, Canada, the European Commission, the Netherlands, Norway, Sweden, Switzerland, the United States, and the United Kingdom.

 

Visit: https://timor-lestetradeportal.com to find out more

Source: here

Healthy alliance: Thai-US partnership to inject vitality into EEC healthcare

A joint venture is underway between Thailand and the United States, aimed at boosting investments within the healthcare and medical sectors in the Eastern Economic Corridor (EEC). This initiative is designed to support healthcare services for both ageing and young populations while promoting targeted industries.
Forecasts from the Thai Health Promotion Foundation indicate a rapid growth trajectory for the medical equipment market. This is due to Thailand’s shift into an aged society in 2022, where individuals over 60 years old make up over 20% of the country’s 71 million populace.
Chula Sukmanop, the EEC Office’s secretary-general, highlighted the need for increased investment and the incorporation of new technological advancements for medical examinations and treatments to guarantee sustainable medical services. Sukmanop’s statement was made during the two-day US-Thailand Healthcare Workshop, an event co-organised by the American Chamber of Commerce and the US Trade and Development Agency.
The workshop, which concluded on April 4, was designed to foster the development of the healthcare industry in Thailand. Robert Godec, the US ambassador to Thailand, stated that the organising entities aim to assist American healthcare companies in expanding their investments within the region, with a particular focus on Thailand.
The US currently holds the position of the third-largest investor within the EEC in terms of value. The total investment from American entrepreneurs across all industries amounts to 44 billion baht, as stated by Chula.
“We are preparing to offer investment incentive packages to attract new investors, especially in the medical and healthcare industry.”
Several US healthcare and pharmaceutical companies, including Baxter, Johnson & Johnson, and Organon, have already invested in Thailand. Organon (Thailand), which commenced operations in 2021, specialises in the production of medical products for women, including reproductive medicine.
The Thai Health Promotion Foundation reported in 2020 that Thai girls typically begin menstruating at the age of 11, with the youngest recorded age being seven.
This data was derived from a survey conducted by the foundation in collaboration with Thammasat and Chulalongkorn universities, covering 8,161 samples from 95 schools. The results have raised concerns regarding precocious puberty and its association with health issues, particularly those related to reproductive health.
 
Source : Thaiger

Nusantara Smart City as Indonesia's Big Strategy for Digitalization

The Indonesian government is actively working on developing Nusantara, the new capital city, as part of its strategy to achieve the 2045 Golden Indonesia vision. This vision, spanning from 2015 to 2085, prioritizes human resource development and positions Indonesia as a global economic indicator. The 2045 vision focuses on human development, technological mastery, and sustainable economic growth, aligning with global trends like rapid technological advancement and the demand for digital talent.

Indonesia faces a digital talent gap, estimated at nine million by 2035, with only 200 thousand to 400 thousand talents produced annually. This mismatch affects the IT sector's growth and hampers businesses' ability to find skilled local resources. Digital nomads further complicate this challenge, highlighting the need for strategies like smart cities to address evolving industry needs and talent requirements.

Nusantara's smart city concept emphasizes preparing international-quality digital talents through technology-driven industry and workforce development. This initiative aims to bridge the gap between education and industry demands, benefiting not just Nusantara but potentially attracting businesses from other regions and globally. Additionally, the focus on digitizing micro, small, and medium enterprises (MSMEs) aligns with global shifts towards online commerce and digital platforms for business growth.

The multi-utility tunnel (MUT) technology, integrated into Nusantara's smart city infrastructure, exemplifies Indonesia's innovative approach to smart city development. This technology not only accommodates various utility networks but also supports internet connectivity and efficient monitoring systems. Overall, Nusantara's smart city development is part of Indonesia's strategy to excel in the digital sector, aligning with its long-term vision of global economic leadership and human resource excellence.

Source: click here

Indonesia, Vietnam Explore Agriculture, Aquaculture Cooperation

 Indonesia explores agricultural and aquaculture cooperation with Vietnam to solidify their positions in Southeast Asia, according to Minister of Cooperatives and Small and Medium Enterprises (SMEs), Teten Masduki.

During a meeting with the chairperson of the People's Committee of Vietnam's Dak Lak province, Hyim Kdoh, on Friday, Masduki said that the two countries have an important role in the agricultural and aquaculture sectors in the region.

He said that Indonesia and Vietnam will explore the potential for cooperation in agriculture and aquaculture business modernization through digitalization, as well as research and development to improve the quality and competitiveness of agricultural and fishery products in the global market.

The two countries will also collaborate in the development of business models and partnerships in fisheries and agricultural supply chains in the region.

Masduki also said that several commodities are being developed in Indonesia, such as seaweed, shrimp, eel, palm oil, coconut, red ginger, rice, fruits, bamboo, and rattan. Vietnam is focusing on developing barramundi fish, shrimp, and lobster.

Agricultural commodities such as durian, mango, and jackfruit are widely grown in Indonesia; thus, there are promising cooperation opportunities for Indonesia and Vietnam, he said.

Source: click here

Some Infrastructure Projects Ready to be Launched in 2024: Minister

Jakarta (ANTARA) - Transportation Minister Budi Karya Sumadi revealed that several infrastructure projects are ready to be inaugurated this year to support smooth domestic transportation. There are 21 projects that will be inaugurated in 2024 that include the construction of six ports for crossing ship and one for motor ship, another eight ports, five airports, and a double railway track.

Sumadi spoke about the transportation projects during a working meeting with the House of Representatives (DPR) in Jakarta on Tuesday (April 2). He stated that the presence of transportation infrastructure is expected to have a positive impact on the community in increasing mobility and connectivity between regions, so that it can increase overall economic growth.

He said that the ministry is committed to boosting the development of transportation infrastructure through its policy and budget priorities in 2024. This commitment is realized through developing productive connectivity infrastructure, improving safety and security and human resources of the transportation sector, and conducting equitable distribution of national development.

It also focuses on implementing pro-people programs, the sustainable Multi-Year Contract (MYC) program, the national fulfillment, national strategic projects (PSN), planning and development of the Nusantara Capital City, urban mass transportation, as well as encouraging the use of new and renewable energy.

Source: click here

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