Indonesia has become a crucial player in the global electric vehicle industry, leveraging its abundant nickel resources to attract significant investment from major manufacturers such as Hyundai, LG, and Foxconn. Since 2020, Indonesia has secured over a dozen deals...
A 2023 white paper by East Ventures and Indonesia’s health ministry suggests that Indonesia could generate a potential economic impact of about USD 110 billion by utilizing genomics, the study of an organism’s genetic makeup. Additionally, the country...
According to a survey of over 2,000 Indonesians by The Trade Desk and YouGov, 88% of Indonesians plan to make a purchase during Ramadan. Female millennial online shoppers are expected to spend more than the general population. Indonesians are embracing digital in...
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...
