Nestlé has commenced the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé, to fulfill growing consumer...
Indonesia has drafted an outline for an investment of USD 125 billion as part of a new 25-year modernization plan. The initiative is indicative of the country´s military ambitions and its growing concerns about regional security. The draft details the requirement for...
Indonesia’s newest special economic zone expects to attract about USD 17 billion in investments, now that it is open to foreign investors and comes with a series of tax breaks. The Java Integrated Industrial and Port Estate, known as JIIPE, in East Java has already...
Irish taste and nutrition company Kerry Group has announced plans to invest EUR 30 million (USD 36.2 million) to build a manufacturing facility in Karawang, Indonesia. Construction has started, and the plant is scheduled to be operational in late 2022. The new...
Indonesia, the world’s largest archipelagic nation, is looking to renew and increase the strength of its naval arsenal. Indonesian state-owned shipbuilder PT PAL has engaged German naval consultancy, MTG Marinetechnik, and Turkish engineering firm FIGES AS to...
The United Kingdom (UK) and Indonesia have signed an MoU to establish the Joint Economic and Trade Committee (JETCO). The new committee will help promote trade, investment, and economic cooperation ties between the two countries. As a fellow member of the G20 and the...
Indonesia’s biggest utility company PLN has announced that it plans to stop building new coal-fired plants after 2023, with additional electrical capacity to be generated only from renewable sources, such as solar power. Indonesia is estimated to have the...
In its inaugural sustainability report, Indonesian ride-hailing giant Gojek announced that the company plans to make every car and motorcycle on its platform an electric vehicle (EV) by 2030. The shift to EVs is part of the company’s goal to achieve zero...
Indonesia-based healthtech platform HaloDoc has raised USD 80 Million in Series C funding from major investors such as Indonesian conglomerate Astra International and Singapore’s state-owned Temasek. The new funds will be used to improve user experiences and...
Gojek and Tokopedia, two of Indonesia’s most valuable tech companies, have agreed to merge and create the GoTo Group. The new combined entity will be the biggest privately held technology company in the South East Asian region and account for about 2% of...
Indonesia and Hungary are setting up the Indonesia-Hungary Investment Fund (IHIF), worth USD 500 million, to help finance the Indonesian government’s infrastructure projects. The joint investment fund will be set up with an equal contribution of USD 250 million...
Japan’s Hitachi Construction Machinery is establishing a new remanufacturing plant in Bekasi, east of Jakarta, to recycle components for medium-sized and large hydraulic shovels. Covering 900 square meters, Hitachi’s new plant will dismantle, clean, and...
