American food and beverage company PepsiCo is reportedly making a comeback in Indonesia with the construction of a snack factory in West Java. This move follows its separation from its local partner two years ago. The new factory, part of PepsiCo’s USD 200...
In August 2023, a high-ranking Indonesian official revealed that Tesla, the American electric vehicle (EV) maker, intends to invest in battery material production within Indonesia. Luhut Binsar Pandjaitan, the Coordinating Minister of Maritime and Investment Affairs,...
As part of its 2024 budget, Indonesia has committed IDR 40.6 trillion, which amounts to USD 2.7 billion, for the development of its new capital city. According to government ministers, construction is progressing rapidly, with the presidential office and a dozen...
Indonesian telecommunications company Telkomsel and Ericsson have recently renewed their partnership to expand and fortify their 4G/5G networks in Indonesia. Ericsson, known for its energy-efficient 5G Radio Access Network (RAN) solutions from the Ericsson Radio...
International trade and investment are essential to Indonesia’s economy. It has been recently reported that the government has prioritized the establishment of special economic zones (SEZ), intending to attract more than USD 50 billion in foreign investment over...
Four international renewable energy firms recently announced their collective intent to investigate prospects for manufacturing solar panel components and energy storage systems in Indonesia. The companies involved include Vena Energy, headquartered in Singapore,...
The National Research and Innovation Agency (BRIN) is in the process of formulating a strategy to facilitate the establishment of nuclear power plants in Indonesia. The Deputy for Development Policy at BRIN recently emphasized the potential of nuclear energy to...
State-owned company PT Hotel Indonesia Natour (HIN) has recently called for domestic and international investors to enhance and fortify facilities and services within the Health Special Economic Zone (SEZ) located in Sanur, Denpasar, Bali. PT HIN’s President...
Indonesia has taken significant steps to enhance its defense capabilities. In a strategic move, Indonesia signed a Heads of Agreement (HoA) with Sikorsky for the procurement of 24 Lockheed Martin/Sikorsky S-70M Black Hawk helicopters. This agreement, facilitated by PT...
Indonesia recently celebrated the production of its first locally-made organic cheese. This cheese represents the concrete outcome of a collaborative initiative that harnessed Danish agricultural knowledge in partnership with Indonesian counterparts. The primary aim...
For a considerable time, European and American companies like L’Oreal and P&G held a strong grip on Indonesia’s beauty industry. However, in recent times, local customers, particularly the younger generation, have displayed an increasing attraction...
In July 2023, LG Electronics Inc., the South Korean household appliance giant, launched its inaugural international research and development (R&D) center in Indonesia. The objective is to expedite TV manufacturing and sales across Asia. Situated in Cibitung, the...
