The government of Indonesia plans to divert more liquid natural gas (LNG) cargoes from the state-owned oil and natural gas corporation, Pertamina, for domestic consumption to mitigate energy shortages in 2022. Indonesia is witnessing a shortage of coal and LNG and has...
The Indonesian Ministry of Defense is focusing on acquisitions to modernize the Army’s defense equipment and improve the Army’s readiness for defending the country’s sovereignty. Defense Minister Prabowo has considered enhancing Indonesian external defense...
WeLab, a fintech startup from Hong Kong, has acquired a 24% stake in PT Bank Jasa Jakarta to set up a digital bank that is expected to be operational in the second half of 2022. WeLab has raised USD 240 million from existing and new investors to fund the acquisition....
The Social Health Insurance Administration Body (BPJS Health) has formed a partnership with PT Good Doctor Technology Indonesia, a local company that provides online health consultation through a telemedicine application. The partnership was marked by the signing of...
Babcock, a British aerospace, defense and security company, has secured the first export contract for its Arrowhead 140 (AH 140) frigate to Indonesia. Through a design license arrangement, PT PAL Indonesia (Persero), a state-owned shipbuilder, will build two Arrowhead...
Global Food Partners (GFP) have launched a collaboration with Vencomatic to develop a model farm in Indonesia with the goal of furthering cage-free egg production in the nation and across Asia. GFP is a Singapore-based consulting company with expertise in the...
PT Powerindo Cipta Energy (PCE) and China National Chemical Engineering Corporation (CNCEC) have formed a consortium to start a feasibility study for a coal-to-methanol plant in Indonesia. Valued at USD 560 million, the project is set to be in the construction phase...
Freeport Indonesia, a joint venture between US-based Freeport-McMoRan and the Indonesian government, has begun to construct copper smelter and precious metal refinery in Gresik Special Economic Zone, East Java. Worth USD 3 billion, the smelter will be developed on a...
Indonesia´s National Research and Innovation Agency (BRIN) has established a genomics facility at the Cibinong Science Center (CSC), in West Java, that will be used for whole-genome sequencing, life science and environmental research. The genome research building...
The Indonesian government has approved new tax measures aimed to boost 2022 revenues. The move aims to capitalize on increased spending demands following the contractions caused by the Covid-19 pandemic. There are five notable revisions, namely in the area of Value...
Indonesia has revealed the latest procurement plan, RUPTL 2021 – 30, created by the state utility Perusahaan Listrik Negara (PLN). It includes up to USD 35 billion for developing renewable energy-based power plants in the coming decade. The plan envisions a total of...
Japan-headquartered Itochu Corporation has announced that it has acquired an additional 105 hectares of land for development in Karawang International Industrial City (KIIC), developed and managed on the outskirts of Jakarta. KIIC has been operated since 1992 as a...
