Investment holding company Tuan Sing Holdings Limited and real estate specialist Mitsubishi Estate Co., Ltd. (MEC) are teaming up to develop an international luxury outlet mall in Karawang called The Grand Outlet – East Jakarta. They are both established...
The Indonesian Navy plans to acquire French Scorpene-class submarines, which are jointly built by French shipbuilder Naval Group and Spain’s Navantia, and feature a modular design that can carry a large payload at reduced manning and lifecycle costs. The boats are...
Switzerland, the 10th largest foreign investor in Indonesia in 2021, with an investment value of USD 599.8 million via 281 projects, has signed a three-year memorandum of understanding (MOU) with Indonesia in order to improve the investment environment. The MOU was...
Bluebird (Bluebird Group), Indonesia’s leading taxi operator, is deploying BlackBerry’s AI-enabled cybersecurity software and managed Extended Detection and Response (XDR) service, strengthening its security posture across the transportation supply chain...
Farmers across Indonesia stand to benefit from higher income and better access to a market already worth USD 120 billion a year following a successful round of fundraising for Sayurbox, the nation’s leading B2C e-Grocery platform. IFC, a member of the World Bank...
The Indonesian state-owned utility PLN has signed a memorandum of understanding (MOU) with the Indonesia Battery Corporation (IBC) to build a 5 MW battery energy storage system (BESS) pilot project this year, as the country shifts from diesel-generated power to...
Economic recovery in Indonesia is expected to continue in 2022 because of the growth in investment and the continued strength of exports, according to UOB. UOB forecasts that the country’s 2022 baseline economic growth stays at 5%, within a range of 4.7-5.3% for...
Indonesia will need at least nine million digital talents by 2030, according to the Coordinating Minister for Economic Affairs. The country’s digital economy currently accounts for 40% of the ASEAN digital economy, with a value of USD 70 billion, projected to...
Indonesian energy company PT Pertamina Hulu Energi plans to increase its oil and gas output in 2022 by 17%, reaching 1.04 million barrels of oil equivalent per day, including output from overseas assets. This rise is mainly as a result of Pertamina’s projects...
Mitsubishi Heavy Industries, Ltd. (MHI) has signed a memorandum of understanding (MOU) with Indonesia’s Institut Teknologi Bandung (ITB) for the purpose of conducting joint research on clean energy solutions, aiming to enable the country in its decarbonization plans...
HappyFresh, an Indonesian online grocery company, has launched a store branch, HappyFresh Supermarket, to deliver groceries to customers across Southeast Asia (SEA). HappyFresh Supermarket will take advantage of HappyFresh’s current partnerships with supermarket...
Indonesia’s government will expand its free telemedicine program for COVID-19 patients outside Jakarta. By using the government website, COVID-19 patients outside of Jakarta who are self-isolating with minimal symptoms or even asymptomatic can access the...
