TECHNOLOGY

The first high-level meeting of the G20 under Indonesia's chairmanship will take place in Washington, the United States.

Russia's presence at the finance ministers and central bank governors' forum will trigger a heated debate. Indonesia tries to ensure that all agenda items remain the subject of discussion. Russian Finance Minister Anton Siluanov and Bank of Russia Governor Elvira Nabiullina will attend a virtual meeting of G20 finance ministers and central bank governors (FMCBG). A number of Russian technical officials will reportedly follow the FMCBG live in Washington. The Russian delegation will also attend the World Bank Spring Meetings which will begin in Washington. The G20 FMCBG is always held in conjunction with the World Bank Spring Meetings. Prior to last week's meeting, the Indonesian Minister of Finance Sri Mulyani and BI Governor Perry Warjiyo had attended 50 bilateral meetings with their counterparts at the G20. A number of officials from the Ministry of Finance and Bank Indonesia confirmed that the April 12 meeting was marked by criticism of Russia. A similar phenomenon is expected to repeat itself at the FMCBG in Washington. "The G20 meeting will be an event that symbolizes the division of the international community after the Russian attack," NLI Research Institute economist Tsuyoshi Ueno told Kyodonews. In fact, the debate on FMCBG will still be heated even if Russia is not present. Ministry of Finance and central bank officials will debate how to control soaring inflation and soaring commodity prices. Exporting and importing countries will have very different views on this issue.

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For the two founders and Co-Chief Executive Officers of Famous Allstars (FAS), Alex Wijaya and Syamsul Arief Rakmadani,

everyone has the potential to become content creators and influencers in the digital world. Therefore, as an agency company, FAS provides the Allstars.id website and application platform. Here, influencers and content creators can meet with businesses to collaborate on marketing projects. As a platform similar to a marketplace, anyone can join Allstars.id. Influencers with the number of followers under 1,000 accounts can "sell themselves". Companies or brands that join also don't have to be big corporations. In fact, said Arief, many micro, small and medium enterprises (MSMEs) use Allstars.id to seek influencers who want to promote their products. A number of influencers and digital entities joined FAS, including Reza Arap, Bayu Skak, Agung Hapsah, Natasha Wilona, KokikuTV, and the Indonesian Funny Council. FAS collaborated with Rans Entertainment to establish the digital media Bund Lifetainment at the end of 2021. According to Alex, brands or companies seeking the services of registered influencers can immediately see the data and analysis of the performance of each influencer. This is what sets us apart from other agencies. In other agencies, brands come up with proposals, and agencies select influencers to work on marketing projects. At Allstars.id, brands can choose the influencers they want to work with. We make sure the influencers who join are real humans, not robots.

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Based on Nielsen's research, the average audience share in August 2021 for all broadcast time slots reached 44.8% controlled by PT Media Nusantara Citra Tbk (MNCN)

and 27.6% controlled by PT Surya Citra Media Tbk (SCMA). The two issuers represent the top two. In addition to its viewer dominance, MNCN has strengthened its position as the market leader in advertising spending on free-to-air (FTA) channels. Nielsen also noted that the market share of FTA advertising spending in 2021 controlled by MNCN reached 48.5%, an increase compared to 2020 when the company only controlled a share of 38%. Under the brand name MNC Media, MNCN reported a net profit attributable to the parent company of IDR 2.34 trillion, an increase of 34.37% on an annual basis from IDR 1.74 trillion. Meanwhile, MNCN's total operating income reached Rp9.62 trillion or 20.93% higher than 2020's revenue of Rp7.95 trillion. Equally, the issuer of Media Group Emtek SCMA also recorded revenue growth throughout 2021. In its financial performance report, SCMA earned revenues of Rp. 5.93 trillion in 2021, an increase of 16.25% compared to 2020 revenues of Rp. 5.1 trillion. Advertising revenue was recorded to contribute Rp6.44 trillion, while other revenues amounted to Rp736.49 billion. CGS-CIMB Sekuritas Indonesia analyst Willy Suwanto said media issuers such as SCMA and MNCN will face the challenges of digitalizing TV which will start running this year. Although the impact on these two issuers is minimal, CGS-CIMB has assigned an overweight rating for the media sector.

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The government through the Ministry of Environment and Forestry (KLHK) is still evaluating the moratorium on the issuance of oil palm plantation permits.

The moratorium policy on the issuance of palm oil plantation permits is contained in Presidential Instruction (Inpres) Number 8 of 2018 concerning Suspension and Evaluation of Oil Palm Plantation Permits. The objective of the moratorium is to improve the governance of forest resources and increase the productivity of sustainable oil palm plantations. The regulation is valid until September 2021. "Regarding the moratorium, if it is effective, we will continue it," said Deputy Minister of Environment and Forestry, Alue Dohong. According to him, the area of oil palm is now fairly large so that what is most needed is to increase its productivity. This is also in line with government policies which emphasize intensification rather than extensification. "So it is actually relevant that the moratorium should be continued in order to achieve a net sink by 2030," said Alue Dohong. It should be noted that the net sink is the absorption of forest emissions that is more than the emissions released. Indonesia has made a road map so that the target is achieved by 2030. "That target must be pursued and continued," said Alue Dohong.

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The Executive Director of the Palm Oil Agribusiness Strategic Policy Institute (PASPI), Tungkot Sipayung,

explained that the black campaign against natural commodities such as palm oil and forestry products in Indonesia had been going on since the 1980s, when plantations and forestry began to develop. “Currently, oil palm and forestry are being attacked by black campaigns for using exaggerated and exaggerated issues. These various issues must be watched out for because they can suppress Indonesia's power in the international market," said Tungkot. As explained by Tungkot, the black campaign's pressure on the competitiveness of superior commodities is aimed at aspects of consumer tastes/demands and the cost of production. "It must be remembered that the people's taste factor and the basic cost of production are at the heart of competitiveness. The black campaign is trying to hit through these two factors," he explained. According to him, black campaign patterns and issues try to influence people's behavior so that they no longer use natural commodities which are one of their wealth. In Indonesia, this campaign targets consumer countries such as Europe, China, and India. To change consumer tastes for palm oil, for example, said Tungkot, a palm oil free campaign was launched in a number of food products. Tungkot asked the government and other actors The industry is aware of the long-term effects of this NGO black campaign because the impact of the campaign has been seen from the use of the 'No Palm Oil' label in the country to efforts to put pressure on national and international certification bodies.

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Online home shopping service platform HappyFresh said the US$65 million series D funding will be used by the company to improve business operations.

The funding was led by Naver Financial Corporation and Gafina B.V., followed by STIC, LB, and Mirae Asset Indonesia and Singapore. Other participating investors are Mirae Asset-Naver Asia Growth Fund and Z Venture Capital. HappyFresh CEO Guillem Segarra said the new funding exceeded the initial target due to significant demand from new and existing investors. "We want to continue to focus our efforts on providing services by enhancing our operating model together with the partners we already have with supermarket retailers across the region," he said. quality control to improve customer experience further. HappyFresh Indonesia Managing Director Filippo Candrini explained that the company is currently also planning to expand the reach of HappyFresh's service area in Indonesia by collaborating with more supermarkets, both national and local.

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