Several global and international investors are showing interest in Indonesia’s electric vehicle (EV) battery ecosystem, according to Indonesia’s Investment Coordinating Board (BKPM). The Indonesian government aims to create value through downstreaming,...
Chinese fintech company FinVolution, through its Indonesian subsidiary AdaKami, has signed an agreement with PT Bank Permata (PermataBank). The partnership aims to promote innovation in the digital financial ecosystem by utilizing data analytics to speed up the...
Merck and Indonesia’s state-owned pharmaceutical holding company PT Bio Farma have entered a licensing agreement for the state-owned drug manufacturer to produce the MSD four-valent HPV vaccine locally. The pact is part of the country’s efforts to launch a national...
Obayashi Corporation, PT. Wijaya Karya, JFE Engineering Corporation and PT. Jaya Konstruksi Manggala Pratama, have formed a joint venture company OWJJ JV, which has been awarded the EPC contract by the Directorate General of Human Settlements, Ministry of Public Works...
Germany’s BASF is finalizing a USD 2.6 billion partnership deal with French miner Eramet to invest in a nickel processing facility in Indonesia. The project, which will involve the development of a high-pressure acid leach plant (HPAL) in Weda Bay, Indonesia,...
Japanese oil and gas company Inpex has joined the Rajabasa Geothermal Project in Indonesia through INPEX GEOTHERMAL, LTD., a subsidiary established for the purpose of conducting geothermal business. The project is based in the Rajabasa Geothermal Block in Lampung...
Indosat Ooredoo Hutchison (IOH) has announced that it is on its way to completing a nationwide network integration using Multi Operator Core Network (MOCN) technology to provide wider coverage, better indoor service quality, and faster internet experience for...
Known as the Tentara Nasional Indonesia (TNI), the Indonesian Military has selected American company EOTECH’s Holographic Weapon Sight (HWS) and magnifier for use by the TNI(s) Special Forces unit, Komando Pasukan Khusus, also referred to as Kopassus. Kopassus is the...
US private equity firm General Atlantic has invested USD 130 million in PT Cisarua Mountain Dairy Tbk, an Indonesian dairy and food products company. Cimory has been in business for over 20 years and has become one of the leading dairy and food product brands in...
Singtel announced plans to construct the first data center in Indonesia in collaboration with Indonesian telco Telkom and energy company Medco Power. The data center will provide various services, such as cloud and data storage, and support for business continuity....
Pertamina Power Indonesia, Keppel Infrastructure, through Keppel New Energy, and Chevron Corporation, through Chevron New Energies International (Chevron New Energies), have signed a Joint Study Agreement (JSA) to explore the development of selected green hydrogen and...
Indonesia will speed up the infrastructure construction of its future capital city (IKN) Nusantara to attract more investors. Indonesian President Joko Widodo has ordered his Cabinet to complete existing infrastructure projects by 2024, and to prioritize permits for...
