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...
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital Group, and the latest new investor Falcon Edge Capital. The funding made the company achieve...
The Indonesian government estimates that some two million Indonesians travel overseas every year for medical check-ups, treatment and other medical services, spending around IDR 97 trillion (USD 6.8 billion) annually. In a bid to help reduce this outflow, the...
PT Indosat Tbk and PT Hutchison 3 Indonesia have officially merged as Indosat Ooredoo Hutchison in January 2022. The merger is intended to create a new world-class digital telecommunications and internet company for Indonesia. As the second-largest cellular...
Food demand in Indonesia is to quadruple within the next thirty years. According to the Australian Bureau of Agricultural and Resource Economics (ABARES), this fast-paced growth will be accompanied by greater demand for higher-value and more diverse foods including...
Innovate UK, the UK’s innovation agency, recently awarded Scottish firm Nova Innovation GBP 200,000 (USD 273,000) of investment funds to evaluate the feasibility of installing a 7 megawatt (MW) array of tidal turbines in Indonesia. Advanced 100 kilowatt (kW) tidal...
It has recently been disclosed that the United Arab Emirates (UAE) is investing USD 32.7 billion in Indonesia across different sectors, including for Covid-19 vaccine manufacturing and distribution. Cooperation between the Indonesian Investment Authority and...
PT Yili Indonesia Dairy, a subsidiary of the Yili Group, has just completed its new smart ice cream factory at the Greenland International Industrial Center, Bekasi, West Java. The construction cost around IDR 2 trillion (USD 139 million). The site covers an area of...
PT Volta Indonesia Semesta, a joint venture subsidiary of PT NFC Indonesia Tbk and PT SiCepat Ekspres Indonesia, has recently announced plans to produce 60,000 electric motorcycles per year at its newly built factory located in Semarang, Central Java. It will be the...
The Government of Indonesia has initiated and executed many projects related to infrastructure development infrastructure projects over the last six years, including the construction of new toll and non-toll roads, new airports, seaports and dams, as well as the...
