The potential sale of F-15ID aircraft and related equipment to Indonesia, estimated to be valued at USD 13.9 billion, has been approved by the US State Department. In addition, Indonesia aims to order 42 Rafale fighter jets from France in a deal valued at USD 8.1...
The Indonesian government aims to set new strategies for its tropical tuna harvest in order to protect the wild stock in the country. The country has the highest annual tuna harvest globally. Indonesia caught an average of 628,000 metric tons of the fish between 2012...
In the third quarter of this year, Foxconn plans to invest USD 8 billion in Indonesia to manufacture electric vehicles (EVs) and batteries. In addition to the cars, the iPhone assembler company will also develop a plant on 200 hectares of an industrial zone in Batang,...
It has been revealed that 15 projects have been approved for pre-feasibility studies within the framework of the German-Indonesian Green Infrastructure Initiative (GII). The initiative was launched in 2019 under the framework of the Indonesian-German Bilateral...
The Indonesian government plans to establish a network of 136 villages dedicated to aquaculture by the end of this year, in a bid to spur the post-pandemic economic recovery by catering to global demand for farmed seafood. The country’s Ministry of Marine...
Indonesia has plans to establish a USD 4 billion polysilicon industry amid efforts to boost the production of solar panels. Polysilicon is a vital material for solar panels, and prices soared to a 10-year high in 2021, driving local solar firms to boost production of...
Indonesia recorded an FDI of IDR 454 trillion (USD 31.6 billion) in 2021, a 10% increase over the previous year. It aims to boost total investment by a third in 2022, bolstered by an influx of investment into its resource-processing sector. The country’s goal is...
Indonesia has revealed that a portion of its planned $125 billion investment in defense will go to procuring up to 50 new warships over the next two years. Defense Minister Prabowo Subianto said that the Indonesian government is now focusing on increasing the...
Indonesia is looking to develop a USD 4 billion polysilicon industry, which could pave way for the tropical country to produce more solar panels. The government has been in talks with several unidentified potential investors, who are set to partner with local...
In January 2022, Singapore and Indonesia signed an MOU on Bilateral Partnership on Green and Circular Economy Development, and an MOU on Energy Cooperation. With these MOUs in place, Singapore will be investing USD 9.2 billion to support green investment and build a...
South Korea’s Lotte Group has resumed the construction of a USD 3.9 billion petrochemical project in Indonesia, paving the way for realizing the group’s plan to expand the business in the region. In January 2022, Lotte Chemical Corp., the group’s petrochemical unit,...
Hon Hai (Foxconn), a global leader in smart manufacturing, signed an MoU in January 2022 with the Indonesian Ministry of Investment, Indonesia Battery Corporation (IBC), Indika Energy, and Gogoro, to jointly develop a sustainable new energy ecosystem in Indonesia that...
