In November 2023, Singapore’s Ministry of Defense (MINDEF) has signed a contract with Fr. Fassmer GmbH & Co. KG to acquire four new Offshore Patrol Vessels (OPVs) to replace the current Sentinel-class Maritime Security and Response Vessels (MSRVs). The ships...
Vital Meat, a French cultivated meat company, has recently announced its initiative to enter the Singaporean market with its innovative product, Vital Chicken. The company has submitted a pre-market regulatory dossier to the Singapore Food Agency (SFA), seeking...
The Minister of Maritime Affairs and Fisheries of Indonesia has recently expressed confidence in the nation’s potential to emerge as a prominent lobster producer in Southeast Asia. This optimism originates from the government’s ongoing efforts to promote...
Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs until 2025. This effort, announced in a recent presidential decree, seeks to attract further...
Black & Veatch, a US company leader in critical infrastructure solutions, has recently undertaken a feasibility study for Augustus Global Investment (AGI), a Germany-based investment firm specializing in infrastructure and energy. The study focuses on the...
American corporation Honeywell has signed a memorandum of understanding (MoU) with Indonesian aerospace manufacturer PT Dirgantara Indonesia (PTDI) to improve mission readiness for the Indonesian Armed Forces. The agreement, signed at the Embassy of the Republic of...
PT Pertamina Hulu Mahakam (PHM), PT Pertamina Hulu Sanga Sanga (PHSS), and PT Pertamina Hulu East Kalimantan (PHKT) have signed confidentiality agreement with Chevron Energy International Pte. Ltd. related to the development of Carbon Captured Storage (CCS) and Carbon...
According to Indonesia’s Ministry of Trade, the Southeast Asian country is set to emerge as the global center for Muslim fashion in 2024, aligning with its ongoing initiatives to promote Indonesian halal products worldwide. The Director General of National...
GC Biopharma, a South Korean biopharmaceutical company, recently started the construction of a plasma fractionation plant at the Jababeka Industrial Estate in Indonesia. This initiative is part of the company’s broader efforts in constructing overseas plants....
Indonesia and Germany are joining forces to develop eco-friendly transportation systems, including bus rapid transit (BRT) in Semarang and Surabaya, as well as the modernization of the railway system in Surabaya. The German government, via the KfW Development Bank, is...
South Korean telecommunications company KT Corp., and its Indonesian counterpart Telkom Indonesia have recently inked a memorandum of understanding to collaborate on a smart city project in Indonesia’s forthcoming capital, Nusantara. The agreement involves KT...
The Asian Development Bank (ADB) has approved an investment of USD 650 million for the upgrade of Indonesia’s primary healthcare facilities and public health laboratories. This marks the third phase of ADB’s support for post-pandemic health reforms in...
