Nestlé to Build New USD 220 Million Dairy Factory in Indonesia

Nestlé to Build New USD 220 Million Dairy Factory in Indonesia

Nestlé has commenced the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé, to fulfill growing consumer...
Indonesia’s Newest Economic Zone Seeks USD 17 Billion Investments

Indonesia’s Newest Economic Zone Seeks USD 17 Billion Investments

Indonesia’s newest special economic zone expects to attract about USD 17 billion in investments, now that it is open to foreign investors and comes with a series of tax breaks. The Java Integrated Industrial and Port Estate, known as JIIPE, in East Java has already...
Indonesian Health Startup Prixa Secures USD 3 Million in Funding

Indonesian Health Startup Prixa Secures USD 3 Million in Funding

Indonesian Health Startup Prixa has just secured USD 3 million of funding from Telkom Indonesia’s MDI Ventures, Trans-Pacific Technology Fund and Siloam Hospitals Group. Since its founding in 2019, Prixa has raised a total of USD 4.5 million. The new funds will be...
Indonesia’s Unicorn Gojek Aims to Shift to EVs by 2030

Indonesia’s Unicorn Gojek Aims to Shift to EVs by 2030

In its inaugural sustainability report, Indonesian ride-hailing giant Gojek announced that the company plans to make every car and motorcycle on its platform an electric vehicle (EV) by 2030. The shift to EVs is part of the company’s goal to achieve zero...