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...
In June 2021, the Indonesian Minister of Environment and Forestry confirmed that the country is committed to reducing greenhouse gas emissions by 41% by 2030, equivalent to more than 1.02 billion tons of carbon dioxide. International support is considered to be key...
PT Veolia Services Indonesia (Veolia Indonesia) in partnership with PT Tirta Investama (Danone-AQUA) have inaugurated the largest and the most modern recycling and reprocessing factory for used PET plastic bottles in Indonesia. Situated in the Pasuruan Industrial...
Indonesia’s state-owned and largest telecom company, Telkomsel, launched its commercial 5G mobile services in May 2021. At the beginning, 5G services will be rolled out to six residential locations in Greater Jakarta: Kelapa Gading, Pondok Indah, Pantai Indah Kapuk,...
In May 2021 it was announced that Indonesia Investment Authority (INA), Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) signed an agreement to establish Indonesia’s...
China’s Zhejiang Huayou Cobalt just announced a partnership with electric vehicle battery maker EVE Energy and other players for a USD 2.08 billion nickel and cobalt project in Indonesia. This will represent Huayou’s third battery nickel smelting project in Indonesia....
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...
The domestic demand for mom and baby products is poised to enjoy double-digit growth by 2025. This is backed by an increasing number of online shoppers and tech-savvy mothers, as well as a higher birth rate in the context of the Covid-19 pandemic. The National...
Japan’s Hitachi Construction Machinery is establishing a new remanufacturing plant in Bekasi, east of Jakarta, to recycle components for medium-sized and large hydraulic shovels. Covering 900 square meters, Hitachi’s new plant will dismantle, clean, and...
Consumer goods manufacturer PT Unilever Indonesia has just launched its Uniliver Muslim Center of Excellence (Uniliver MCOE). The MCOE will be a research hub for halal products and innovations in line with the needs of Muslim consumers in Indonesia and abroad. As a...
Irish taste and nutrition company Kerry Group has announced plans to invest EUR 30 million (USD 36.2 million) to build a manufacturing facility in Karawang, Indonesia. Construction has started, and the plant is scheduled to be operational in late 2022. The new...
Indonesia, the world’s largest archipelagic nation, is looking to renew and increase the strength of its naval arsenal. Indonesian state-owned shipbuilder PT PAL has engaged German naval consultancy, MTG Marinetechnik, and Turkish engineering firm FIGES AS to...
