Flores Island Water Management System to be Upgraded

Flores Island Water Management System to be Upgraded

The Indonesian Ministry of Public Housing, in collaboration with the Korean Ministry of Environment, has launched a pilot project to upgrade the Flores Island water management system. Located in southeastern Indonesia, Flores Island is relatively underdeveloped and is...
Indonesia’s Food Delivery Market Ranks First in the Region

Indonesia’s Food Delivery Market Ranks First in the Region

In 2020, Indonesia’s food delivery service accounted for USD 3.7 billion in Gross Merchandise Value (GMV), making it the largest market in the region. Overall, the region’s GMV registered a 183% increase from previous year and exceeding the 91% growth rate from 2018 –...
German Company Wins Contract to Supply Engines to the Indonesian Navy

German Company Wins Contract to Supply Engines to the Indonesian Navy

A German company, MAN Energy Solutions, has won a contract from shipbuilder Abeking & Rasmussen to supply MAN 12V175D-MM engines for two mine-countermeasures vessels (MCMVs) to the Indonesian Navy. The new MCMVs will replace the two older Pulau Rengat-class MCMVs,...
Indonesia to Launch its Largest Islamic Bank

Indonesia to Launch its Largest Islamic Bank

Indonesia is launching its largest Islamic bank, Bank Syariah Indonesia (BSI), which is a merger between three state-owned Islamic banks: Bank BRI Syariah, Bank Syariah Mandiri and Bank BNI Syariah. Once the merger is finalized, BSI will be one of the largest sharia...
Indonesia to Construct a Solar Park in its Eastern Region

Indonesia to Construct a Solar Park in its Eastern Region

The Indonesian Ministry of Energy and Mineral Resources (ESDM) is planning to construct a solar park in the eastern part of the country. The location, however, is not yet unveiled. The region is considered to be particularly suitable because of its high level of solar...

Unovis Invests USD 2 Million into Indonesian Plant-based Meat Startup

Unovis Asset Management has invested in Green Butcher, an Indonesian-based startup that is developing plant-based alternatives to chicken and beef using natural, whole-food ingredients. The USD 2 million funding will support additional R&D hiring and help the...
Sea Group Acquires Indonesian Bank to Grow Digital Banking

Sea Group Acquires Indonesian Bank to Grow Digital Banking

Singapore’s tech company Sea Limited, which owns e-commerce platform Shopee and game developer Garena, has acquired Indonesia’s Bank Kesejahteraan Ekonomi (Bank BKE) by purchasing stakes from existing shareholders, Danadipa Artha Indonesia and Koin Investama...
Indonesia Signs Close to 1,000 Infrastructure Deals

Indonesia Signs Close to 1,000 Infrastructure Deals

In 2021, the Indonesian Ministry of Public Works and Housing signed 982 infrastructure procurement packages worth USD 889.2 million as of January 15, 2021. To speed up national economic recovery, Indonesia is betting on government expenditure to offset contractions in...
Tesla Looking to Build Car Battery Plant in Indonesia

Tesla Looking to Build Car Battery Plant in Indonesia

It has been reported that the government of Indonesia has received an investment proposal from Tesla for a potential car battery plant and energy storage system. Tesla considers Indonesia to be one of its priority investment destinations, considering that the country...
Indonesia Peat Restoration Agency’s Mandate Renewed and Extended

Indonesia Peat Restoration Agency’s Mandate Renewed and Extended

The Indonesia Peat Restoration Agency’s (BRG) mandate has been renewed for another four years until December 2024. With the extension, the government has renamed the agency to the Peatland and Mangrove Restoration Agency (BRGM), making it responsible for mangrove...