Day: December 8, 2021

Women’s Empowerment and Child Protection Minister Bintang Puspayoga has said she will travel to Lumajang District, East Java, this week to ensure that children and women victims of the Mount Semeru eruption receive special protection.

In particular, she said, she wants to ensure their specific needs are met during the emergency period by distributing specific aid to them, according to a press release issued by the ministry on Wednesday.

The assistance will complement the assistance program of the Social Affairs Ministry and the National Disaster Mitigation Agency’s emergency response, which specifically targeted women and children, the minister noted.

She said she hoped that the rights of children and women refugees would be fulfilled and they would receive special protection from the risks of the disaster, emergency assistance, and both basic and specific needs.

“We hope that they will find a proper and child-friendly refuge, children can be prevented from separation from their parents or family, and children can be prevented from becoming victims of discrimination and mistreatment,” she elaborated.

The minister highlighted that her ministry is continuously coordinating with the East Java provincial government and the Lumajang district government regarding this matter.

“The provincial team has been dispatched, bringing recreational kits from the Women’s Empowerment and Child Protection Ministry,” Puspayoga said.

At least 292 children, two pregnant women, and around 234 women are among the thousands of refugees affected by the Semeru eruption, she noted. Most of them are women and children with specific rights and needs, she added.

To improve the National Disaster Mitigation Agency’s work, the ministry has compiled guidelines for the integration of rights protection and fulfillment of women, children, and other vulnerable groups in the national disaster mitigation system, she said.

The guideline is a disaster mitigation guideline with a gender perspective, which has been integrated into the agency’s operational guidelines, she informed. It details the distribution of the specific needs of women and children in emergency response actions, she said.

Source: Antara News

Transportation Minister Budi Karya Sumadi highlighted Indonesia’s commitment and contribution to the maritime world on the second day of the 32nd International Maritime Organization Assembly, which was attended online by 175 state members.

The pandemic has hit the maritime world, the backbone of trade and global economy, hard, he highlighted.

“The pandemic has shown us the importance of seafarers as key workers in the maritime world to keep the shipping and global supply chain on track,” Sumadi said in a press statement issued here on Wednesday.

To this end, Indonesia conveyed the issue to the United Nations (UN) to be adopted in the UN Assembly’s resolutions on “International Cooperation to Help Seafarers Meet the Challenges amid the Pandemic” on December 1, 2020, he informed.

In addition, Indonesia is committed to supporting the crew change process and seafarer repatriation, which is aimed at ensuring their safety and welfare, he said.

Indonesia has prepared and provided as many as 11 ports for crew change activities and repatriation, he informed.

In accordance with MSC.473 of the IMO Resolution, Indonesia has so far repatriated 60 thousand seafarers and has facilitated over 8 thousand crew changes, either for Indonesian or foreign seafarers, he said.

Sumadi also provided details of Indonesia’s contributions and initiatives as an IMO council member over the last two years, including playing an active role in IMO’s long-term programs, such as the Marine Environment Protection of the South East Asian Seas (MEPSEAS), GloFouling Partnerships Project, GloLitter Partnerships Project, and Blue Solutions Project.

“Furthermore, we have continually cooperated with coastal countries and the countries using the Malacca Strait and Singapore Strait for maintaining traffic in the two straits securely and safely,” he said.

Indonesia is also committed to protecting and enhancing shipping navigation safety in the Sunda Strait and Lombok Strait by implementing the Traffic Separation Scheme (TSS) adopted at the IMO’s Maritime Safety Committee (MSC) in 2019, he added.

As an IMO state member since 1961 and a dedicated council member since 1973, Indonesia will continue to take part in improving the implementation of IMO’s conventions, standards, and guidelines, according to the minister.

The 32nd IMO Assembly is taking place from December 6–15, 2021. It was virtually opened by IMO’s secretary general, Kitack Lim, on Monday (December 6, 2021).

One of the key agendas at the assembly is the IMO’s council member election, where Indonesia has been re-nominated as a Category C council member for the 2022–2021 period. The election will be held on December 10, 2021.

Source: Antara News

Jember District in East Java Province has a strategic location, with myriad potential natural resources.

Moreover, the district has become a silent witness to several historical events. Hence, in various corners of Jember District, people can find several historical buildings that are interesting to explore.

In fact, exploring some historical buildings in Jember has been a form of alternative educational tourism that can be enjoyed by local people and domestic tourists.

Such a tourism activity can surely be conducted while still implementing health protocols to prevent the spread of COVID-19 during this pandemic.

The City Bus Touring (TBK) Community — the originator of Jember Tourism Transport — supported by Jember’s Transportation Office offers a city tour package for local people and tourists seeking a closer look at various historical buildings in the district while enjoying some city views.

The city tour, packed into three hours, is conducted using some local share taxis — minivans called klinting kuning — or some educational tour buses belonging to the Jember transportation office.

The tour begins with a visit to a Catholic church of St. Joseph Parish, located on Kartini Street, which was built in 1927 and is one of the historical heritage buildings in Jember.

While at the church, tourists are also given a booklet about it. One of the priests will shed light on the structure of the church and some of the ornaments there, so that tourists can gain some insights about the Catholic church.

After leaving the church, the Jember city tour group of tourists is guided to visit the old (original building) and new building of Jami’ Al Baitul Amien Mosque. The original Mosque of Jami’ Al Baitul Amien is the oldest mosque in Jember that was built in the Dutch colonial era.

The mosque building is also unique and iconic, as its round green dome is similar to the dome roof of the Indonesian parliament building at Senayan in Jakarta.

The mosque’s round dome symbolizes the expanding spiritual needs of all mankind without being limited to certain obstacles. A dome does possess significance within the mosque — as a symbolic representation of the vault of heaven.

Moreover, the old and new Jami’ Al Baitul Amien mosque buildings are connected by a pedestrian bridge.

At the old mosque is a sundial, an instrument showing the time by the shadow of a pointer cast by the sun onto a plate marked with the hours of the day, utilized to determine prayer times.

Not far from the sundial of the mosque is the Jember Zero Point Monument along with some of its prehistoric relics.

It is called the Zero Point Monument, as people can find some heritage relics, including stone tombs, menhirs — some monolithic stones — spread across a radius of five kilometers.

From the mosque, tourists of the Jember city tour are invited to visit other historical buildings: the Tanjung Market water tower that is also one of the historical icons in the district.

The water tower is determined as a historical heritage since the year marker at the entrance of the water tower is written in 1932.

Meanwhile, the Tanjung market itself has historical value since the Proclamation of Indonesia’s independence was first heard in Jember through a radio broadcast of the country’s first broadcaster Radio Republic Indonesia (RRI) that was echoed from a radio in the market.

The Dutch water tower is a towering building that is sturdy and distinctive. Tourists from the Jember city tour can go up to the rooftop of Tanjung market to catch a glimpse of the historic building while taking selfies.

Furthermore, the tour continues to the building of NV. Landbouw Maatschappij Oud Djember (LMOD), which is a structure related to the history of plantations in Jember that has existed since 1859 during the Dutch colonial era.

NV. LMOD is the name of a trading business in the plantation sector, with the company’s initial commodity at that time being tobacco, which later expanded to coffee and sugar products.

After a walk around the NV LMOD building, tourists continue the tour by strolling along Gajah Mada Street to explore several ancient buildings along the road and then stop by at the ancient Roudhlotul Muchlisin mosque in Jember District.

After exploring several historical buildings and sites, tourists are invited to unwind over coffee and tea at Cafe Rollas, with an ancient historical building.

Traveling around Jember to explore some historical buildings is indeed an alternative and also educational tour that can be enjoyed at a reasonable rate of Rp17,500 (around US$1.22) per person.

Domestic tourist Fitri was pleased with the Jember city tour package that took her around while increasing her knowledge of historical events and buildings in Jember.

The Jember city tour package has also proffered some benefits to local transportation actors since the tour can also be conducted using some local conventional modes of transportation, such as bicycle rickshaw and conventional taxibike as well as some other modes of local transportation, which had slumped on account of the social restrictions implemented during the pandemic

The local transport drivers have also been equipped with skills to serve travelers and tourists coming to Jember, so that they are ready to serve both domestic and foreign tourists.

The local-tourism transportation program in the district is expected to further promote tourism in Jember, so that it has an impact on increasing tourist visits to the district as well as driving the local economy, especially for local public transport drivers in Jember.

Finally, the tourism program in turn is expected to help boost the welfare of local communities.

Source: Antara News

The Indonesian Internet Domain Name Registry (PANDI) has said it is continuing to cooperate with cultural activists and other parties for digitizing three indigenous scripts and promoting their use among the public.

The three scripts have received the Indonesian National Standard (SNI) certification, head of the Nusantara scripts certification planning team of PANDI, Heru Nugroho, said in Jakarta on Wednesday.

“The Sundanese, Javanese, and Balinese indigenous scripts have received SNI certification and are now ready to be registered with the Internet Corporation for Assigned Names and Numbers (ICANN),” he added.

ICANN is a non-profit organization responsible for coordinating and managing names and scripts utilized in the global computing system to ensure the network’s secure and stable operation, he informed.

Keyboards and fonts of the three indigenous scripts have received SNI certification, allowing for their broader usage and compatibility with computing systems, the team head added.

Nugroho said he is optimistic that the digitization of traditional scripts would provide a new study medium for schools that mostly teach such scripts using traditional methods, including handwriting and painting.

“If indigenous scripts are available on digital platforms, studying the scripts will be far easier,” he explained.

Standardization of keyboards of indigenous scripts will allow mobile device users to send and receive messages in the original scripts, he said.

Indigenous scripts can also be used to enhance digital and banking security, he added.

“We can use indigenous scripts as passwords for our banking system, and if we use indigenous scripts in our defense system, we will give foreign attackers a hard time when they are trying to break into our system,” Nugroho remarked.

Despite the current digitization process being rudimentary, Yogyakarta residents have been the most enthusiastic in welcoming it, the team head highlighted.

Completing the digitization of all indigenous scripts is still a long way off, he said while pointing out that China required 20 years to digitize its script which has Chinese characters.

Meanwhile, an official from the Coordinating Ministry of Human Development and Cultural Affairs, Didik Suhardi, said the ministry is currently encouraging the parties involved in the digitization of the three indigenous scripts to continue their efforts and digitize other indigenous scripts.

“The ministry officials have coordinated with the Ministry of Education, Culture, Research and Technology, the National Library, the Language Agency, and the Ministry of Communication and Informatics which regulates the digitization permits and access to devices,” Suhardi added.

Source: Antara News

The Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) will further strengthen relations between the two countries, Deputy Minister of Trade, Jerry Sambuaga, said in a statement received here on Wednesday.

“With the agreement, the two countries have agreed to bring their relationship to a higher level in the industry, infrastructure, employment, economy, and trade sectors,” he remarked while providing information on the agreement at a hybrid event in Surabaya city, East Java province.

According to Sambuaga, IK-CEPA provides a comprehensive institutional framework for bilateral cooperation, thus the agreement will provide new opportunities for economic growth, trade, and investment for the two countries.

Furthermore, through the agreement, both Indonesia and South Korea have committed to opening additional markets, besides the ones included in ASEAN-Korea Free Trade Area (AKFTA), he noted.

The commitment provides wider and preferential access to the South Korean market both for large companies as well as small and medium enterprises (SMEs), he said.

Regarding investment, both countries are committed to providing more opportunities for South Korean investment in Indonesia which can encourage employment, he said.

Meanwhile, Indonesia will provide additional preferences for 104 raw material tariff posts for South Korea, the deputy minister said.

Both parties are also committed to cooperation in agricultural, fisheries, forestry, technology and innovation, culture, and creative activities, and SMEs sectors, he informed.

“Through the cooperation, Indonesia can request technical assistance, experience sharing, and training to improve our human resources quality,” he said.

Meanwhile, member of Commission VI of the Indonesian House of Representatives (DPR RI), Nasim Khan, said he expected IK-CEPA to become a milestone to strengthen mutually beneficial relations between the two countries.

It is also hoped that the agreement will be able to have a real impact on the welfare of the Indonesian people amid the COVID-19 pandemic, he added.

“Commission VI of DPR RI will continue to monitor the agreement, thus it can benefit the community since all government’s attempts must bring prosperity to the people,” the house member remarked.

The Confederation of Indonesian Labor Unions (KSPI) has threatened to call a nationwide strike if the government does not meet workers’ demands.

Their demands include the government revising gubernatorial decisions fixing the provincial minimum wage for 2021, revoking a regulation on wages, and implementing the Constitutional Court’s decree declaring the Job Creation Law unconstitutional.

“We can order two million workers to stop production. All will suffer losses and the economy will be paralyzed. We will not do that if the government seriously implements the Constitutional Court’s decree and the gubernatorial decisions,” KSPI President Said Iqbal said at a joint rally, held near the Patung Kuda roundabout in Jakarta on Wednesday.

The joint rally, which started on December 6, will end on December 10, 2021.

Iqbal warned of escalating protests if the government fails to implement the Constitutional Court’s decree declaring the Job Creation Law No. 11/2020 conditionally unconstitutional.

The Constitutional Court has declared Omnibus Law No. 11/2020 unconstitutional or contradictory to the 1945 Constitution, adding it has no binding legal force.

The Constitutional Court has also ordered the House of Representatives (DPR) and the government to revise the Job Creation Law in two years’ time.

“A nationwide strike will be a choice if (the government) ignores public aspirations in the next two years starting from the enactment of the Job Creation Law,” Iqbal said.

The nationwide strike, which will involve two million workers from 60 federations of national labor unions, will have a detrimental impact on 100 factories, he added.

Tens of thousands of workers from Jakarta and surrounding areas participated in the joint rally on Wednesday to convey three demands.

First, all governors revise their decisions on provincial minimum wages because they contradict the Constitutional Court’s decree No. 7 suspending strategic policies/measures having a far-reaching impact, including on wages, Iqbal said.

Second, the government revoke Government Regulation No. 36/2021 on wages, he added.

Third, the government implement the Constitutional Court’s decree declaring the Job Creation Law conditionally unconstitutional, he informed.

Source: Antara News

Yesterday, Coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia, Luhut Binsar Pandjaitan, met Guo Ping, Huawei’s Rotating Chairman, to discuss tightening ties between Indonesia and Huawei on digital transformation and a number of initiatives to develop digitalization, 5G, AI, and new energy.

Minister Luhut extended appreciation to Huawei for more than 21 years of effort in building digital infrastructure and developing the digital ecosystem of Indonesia.

“Indonesia is now gearing up to prepare strategic projects that involve new energy development and smart technology on the lead-up to host the G20 Summit in Bali next year. As we now move forward to promoting green development and smart future, we would like to invite Huawei to participate in these sectors. We understand that Huawei is very advanced in these areas,” added Minister Luhut.

In July this year, the Government of Indonesia set its target to reach net zero emissions by 2060 at the latest, a decade faster than previous estimate of 2070. In addition, digitalization has also become Indonesia’s top priority development under President Joko Widodo. The country plans to drive digital economic growth and accelerate the rapid development of high-tech industries.

Huawei Rotating Chairman Guo Ping welcomed Minister Luhut and thanked the Indonesian Government for providing great support to Huawei in the past two decades. “Indonesia is blessed with potential to develop high-tech industries,” said Guo Ping.

“As part of Indonesia’s digital ecosystem, Huawei will focus on technology innovations and make every effort to assist Indonesia in building robust ICT infrastructure and successful digitalization by using digital advanced technologies such as 5G, AI cloud and IoT. ”

Guo Ping added that “Besides enabling Indonesia’s digital transformation, Huawei will also contribute to the green transformation and new energy development by using digital technologies.”

Huawei estimates that over the next 30 to 40 years, intelligence and low-carbon will continue to gain traction in which digital technologies are necessity to drive intelligence, while power electronics technologies are crucial to reduce carbon footprint. The global energy industry will shift more towards technology-driven rather than resource-dependent as the trends unfold.

Aside from the meeting, Minister Luhut, also toured around Huawei campuses in Shenzhen and Dongguan. He was accompanied by cabinet colleagues – Budi Gunadi Sadikin, Minister of Health of the Republic of Indonesia and Muhammad Lutfi, Minister of Trade of the Republic of Indonesia.

Digital talent development in Indonesia is one of Huawei’s important contributions. The company launched a nationwide digital talent program in 2020 in collaboration with Indonesia’s Presidential Office (KSP) to cultivate more than 100,000 digital talents in 5 years. To date, Huawei has managed to achieve halfway of the 5 years target within the first two years, epitomizing Huawei’s seriousness and eagerness to support Indonesia’s vision.

In addition to digital talent development, Huawei has been instrumental in supporting Indonesia to cushion off the impact of the COVID-19 pandemic, essentially through technology solutions, from building emergency telecommunication infrastructure, providing WIFI6 technology for high-speed telemedicine video conferencing, to AI?assisted diagnosis for COVID-19 patients.

Beyond health, Huawei also facilitated digital transformation and a seamless remote learning experience by supporting 500 universities through cloud account donations aside from powering up small and medium enterprises to undergo digital transformation to meet the surging demand from their online customers.

Source: Antara News

STATE DEARTMENT — The United States is advancing its “strategic partnership” with the Association of Southeast Asian Nations (ASEAN) as President Joe Biden’s administration aims to begin a new “Indo Pacific Economic Framework” in early 2022.

U.S. Secretary of State Antony Blinken is set to embark on a series of in-person meetings with foreign ministers from the Southeast Asian bloc during his upcoming travel to the United Kingdom, Indonesia, Malaysia, Thailand and Hawaii December 9-17.

For the first time, ASEAN members are invited to participate in a G-7 foreign and development ministers’ meeting being held in the British city of Liverpool later this week. The G-7 is the grouping of the world’s wealthiest democracies, known more formally as the Group of Seven.

Blinken is scheduled to meet with some of his counterparts from the southeast Asian bloc during the G-7 gathering before heading to the Asia-Pacific rim next week.

In Jakarta, he will deliver remarks on the significance of the Indo-Pacific region and underscore the importance of the U.S.-Indonesia Strategic Partnership.

“The Secretary will have an opportunity to discuss the president’s newly announced Indo-Pacific economic framework,” State Department’s Assistant Secretary for East Asian and Pacific Affairs Daniel Kritenbrink told reporters in a call briefing. “President Biden is committed to elevating U.S.-ASEAN engagement to unprecedented levels.”

Indonesia is the world’s most populous Muslim majority nation. Kritenbrink told VOA on Wednesday that Blinken will attend a vaccine clinic hosted by the largest faith-based NGO in Indonesia.

The top U.S. diplomat then heads to Malaysia and Thailand where he will attempt to advance U.S. ties with these countries and address shared challenges, including COVID-19, building resilient supply chains, the climate crisis, and ensuring a free and open Indo-Pacific region.

The State Department said Blinken will “address the worsening crisis in Burma” in each country during the lengthy trip. Burma is also known as Myanmar, where the military seized power in a February coup, overthrowing the civilian government.

U.S. officials had indicated the new “Indo Pacific Economic Framework” would include broad partnerships with nations in the region on critical areas, including the digital economy and technology, supply chain resiliency and clean energy.

“The Indo-Pacific region is a critical part of our economy. It’s not just that it accounts for over half of the world’s population and 60 percent of global GDP,” Jose Fernandez, the undersecretary of state for economic growth, energy, and the environment, said in a recent briefing.

“Seven of the top 15 U.S. export markets are in the Indo-Pacific. Two-way trade between the U.S. and the region was over $1.75 trillion,” he added.

There are, however, concerns that the United States is lagging behind China in deepening economic and strategic ties with ASEAN.

“ASEAN countries want more from Washington on the economic side, but the Biden administration’s proposed Indo-Pacific economic framework is likely to fall short of their expectations,” said Susannah Patton, a research fellow in the foreign policy and defense program at the United States Studies Center in Sydney.

“After RCEP enters into force, there will be two mega-trade pacts in Asia: RCEP and CPTPP, and the United States is in neither, said Patton, referencing a trade agreement known as the Regional Comprehensive Economic Partnership, as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

“China’s application to join CPTPP, a vehicle that was designed to promote U.S. economic ties with Asia, highlights Washington’s absence,” Patton told VOA Wednesday. The CPTPP is a free trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam that was signed in 2018.

In November 2020, 10 ASEAN member states and five additional countries (Australia, China, Japan, South Korea and New Zealand) signed the Regional Comprehensive Economic Partnership, representing around 30 percent of the world’s gross domestic product and population. RCEP will come into force in January.

Others said the new Indo-Pacific Economic Framework appears to be not just about traditional trade, as Washington is signaling strategic interests in the region.

“Take semiconductors for example; as significant players in chip packaging and manufacturing, ASEAN countries such as Malaysia and Singapore may play an important role in helping the United States build resilient supply chains for semiconductors,” Ngor Luong, a research analyst at Georgetown University’s Center for Security and Emerging Technology, told VOA.

Blinken’s trip comes as the Southeast Asian bloc marks the 30th anniversary of ASEAN-China dialogue. In a joint statement, ASEAN and China announced the establishment of a “comprehensive strategic partnership” to reaffirm cooperation in areas including political-security, economic, and social-cultural aspects.

The joint statement said ASEAN and China support efforts to preserve Southeast Asia as a region “free from nuclear weapons and other weapons of mass destruction.”

“The language supporting the Southeast Asia Nuclear Weapons Free Zone and opposing proliferation isn’t new—ASEAN has been talking about it for decades–but China’s loud support for SEANWFZ has been a response to AUKUS,” said Gregory Poling, director of the Asia Maritime Transparency Initiative at the Center for Strategic and International Studies (CSIS) in Washington.

SEANWFZ refers to the Southeast Asia Nuclear Weapon-Free Zone.

AUKUS is a security deal among the United States, Britain and Australia. It is seen as designed to contain China’s expansion and is strongly opposed by Beijing.

“Within ASEAN, Singapore and the Philippines have explicitly endorsed AUKUS, Vietnam is quietly supportive, and Indonesia is conflicted including the recent statement of the defense minister which was quite supportive. Only Malaysia has been explicitly critical of AUKUS,” Poling added.

Others noted the mixed signals sent by ASEAN members are happening amid China’s growing aggression in the South China Sea over territorial disputes, and against the backdrop of Beijing’s test of a hypersonic weapon system in the atmosphere over the sea.

“China’s actions and words don’t typically align, and the challenge facing ASEAN countries is to maintain their independence from China’s sphere of influence,” Ngor Luong said.

Source: Voice of America

The global demand for green finance has created an opportunity for Indonesia’s economic sectors, senior deputy governor of Bank Indonesia (BI), Destry Damayanti, said at an online discussion on Wednesday.

“The opportunity comes from Indonesia’s vast and diverse natural resources. Thus, we can achieve zero emissions earlier,” she added.

President Joko Widodo has said that Indonesia has a very large source of renewable energy from biothermal, tidal, and wind power plants, which are estimated to generate 418 thousand Megawatt (MW) of power, she noted.

“Hence, we have to take advantage of the potential and manage it well to make various breakthroughs, thus it can become our economic strength in the future,” she remarked.

The transition to a low-carbon economy can invite global investment into Indonesia, which can boost economic growth and foreign exchange reserves, she said.

Based on the compound annual growth rate (CAGR) calculation, it is projected that Indonesia’s gross domestic product (GDP) will rise by 0.62 percent per year, while its foreign exchange reserves increase will reach US$51.9 billion, Damayanti informed.

However, the senior deputy governor emphasized that climate change will pose a threat to the global economy in 2050 and its impact is estimated to be much larger than the 2008 global financial crisis.

Indonesia is very vulnerable to the impact since it is located in the Ring of Fire, she pointed out.

According to the 2020 Catastrophe Insight, published by multinational professional services firm Aon, global economic losses due to extreme weather have reached US$5.1 trillion in the last 20 years, she said.

Meanwhile, Indonesia is losing Rp100 trillion per year according to the National Development Planning Agency’s data in 2021, she added.

“The loss is predicted to grow exponentially as the weather becomes more extreme in the future. Thus, if we don’t take additional mitigation attempts, the loss is estimated to reach 40 percent of the GDP,” Damayanti said.

Furthermore, with strong global demand for a green economy, Indonesia will have a larger global transition risk if it is too late in taking mitigation actions, she added.

For instance, export barriers for prominent products are expected to become tougher due to additional carbon taxes, she said.

Global finance access will also become restricted due to the carbon tax on the purchase of securities of high-carbon entities, she added.

Hence, BI has been actively establishing green finance initiatives since 2010, she said.

Furthermore, in 2020, BI drafted a green financial framework, conducted research on green macroprudential policies, and strengthened BI regulations on green loan to value (LTV), which would be used for the green financial system, she added.

Source: Antara News