In September 2021, Finnish IT and consumer electronics company Nokia and Indonesian telecommunications provider Indosat Ooredoo announced the launch of commercial 5G services in Surabaya city. Nokia will supply equipment from its latest ReefShark based AirScale...
The president of Indonesia, Joko “Jokowi” Widodo, has just approved the government work plan (RKP) of 2022, which allocates over USD 32 million for the country’s new capital city project in East Kalimantan. Moreover, the President expects that basic facilities could...
In September, Hyundai Motor Group announced the commencement of construction of an Electric Vehicle (EV) battery cell plant in Karawang, near Jakarta Indonesia. The production plant, established in joint cooperation with LG Energy Solutions, is expected to be...
The Institute of Grocery Distribution estimates that Indonesia has one of the biggest grocery markets in Asia, with a value expected to reach around USD 170 billion in 2022, up from USD 140 billion in 2019. The country is also projected to become the fourth-biggest...
3 agricultural technology startups in Indonesia – TaniHub, iGrow and Karsa, have been tipped by tech leaders to be contenders for the country’s next unicorn, which is a startup with a valuation of over IDR 14 trillion (USD 1 billion). This growing interest in agritech...
In September 2021, the Indonesian Air Force (TNI-AU) confirmed plans to buy five Lockheed Martin C-130J Super Hercules tactical transport aircraft. Moreover, several newspapers reported that construction of the first aircraft is already underway. Industry sources...
In August, Indonesia’s exports hit a record high of USD 21.42 billion, boosted by surging commodity shipments, helping Southeast Asia’s biggest economy post its largest-ever monthly trade surplus. Additionally, from January to August 2021,...
In September 2021, Indonesia’s Coordinating Ministry for Maritime and Investments Affair announced its support for Sun Cable’s Australia-Asia PowerLink, one of the world’s largest renewable energy infrastructure projects. The project, which costs over AUD 30 billion,...
The World Bank’s Board of Executive Directors has approved a USD 380 million loan for Indonesia to develop its first pumped-storage hydropower plant, which aims to improve power generation capacity and support the country’s energy transition and decarbonization goals....
Aruna, a leading fisheries and marine platform in Indonesia, has announced that it has raised USD 35 million in Series A funding. Founded in 2016, Aruna’s tech-enabled platform serves as a one-stop-shop and end-to-end supply chain aggregator, streamlining the...
The Indonesian government has revealed a 2022 defense budget of IDR 134.1 trillion (USD 9.3 billion). According to the Ministry of Finance, the number reflects a 12% increase compared with the allocation of IDR 120.1 trillion (USD 8.3 billion) for the 2021 budget. The...
After contractions in the previous four consecutive quarters, Indonesia’s economy registered its first growth in Q2/2021. According to Statistics Indonesia (BPS), Indonesia’s economy in Q2 grew by just over 7%. The progress comes from four sectors, namely the...
