The Indonesian government aspires to establish a new holding firm, which will combine the capabilities of the country’s state-owed defense industrial base, by the fourth quarter of 2021. The holding company effort is being led by the Indonesian Ministry of State...
Indonesia has jumped three places in a global competitiveness ranking in 2021 thanks to its economic resilience amid the Covid-19 pandemic, the improvement in government efficiency, and rising confidence among its businessmen, Switzerland-based International Institute...
US-headquartered alternative and renewable geothermal energy company Ormat Technologies has secured a new contract in Indonesia with Star Energy Geothermal Salak to supply products to extend the Salak geothermal field in Indonesia. The Salak geothermal field is...
While Indonesia maintained its headline target to lower greenhouse gas emissions by 41% by 2030 with international assistance, the country has recently updated its adaptation measures and included a new long-term strategy for low carbon development in the document...
Digital Edge Singapore Holdings’ wholly-owned subsidiary, Digital Edge (Hong Kong) Ltd., has acquired a controlling interest in one of the leading digital infrastructure service providers in Indonesia, PT Indointernet Tbk (Indonet). Digital Edge, which is backed...
Indonesia’s Ministry of Public Works and Public Housing (PUPR) has set a target of extending the length of Indonesia’s toll roads to 5,103 kilometers from 2,386 km by 2024, more than double the length of the network now. According to PUPR Minister Basuki...
KCC Glass Corporation, a representative integrated glass company in Korea, has announced plans to establish a glass factory in Batang Industrial Park, Central Java, Indonesia. The USD 350 million glass factory, in the size of 490,000 square meters in total, is...
TE Asia Healthcare Partners, a healthcare group backed by US private equity firm TPG Capital, and Altrui Investment Management are investing USD 50 million in two medical projects in Indonesia. The facilities are a Heartology Cardiovascular Center in the Brawijaya...
In June 2021, the Indonesian Minister of Environment and Forestry confirmed that the country is committed to reducing greenhouse gas emissions by 41% by 2030, equivalent to more than 1.02 billion tons of carbon dioxide. International support is considered to be key...
PT Veolia Services Indonesia (Veolia Indonesia) in partnership with PT Tirta Investama (Danone-AQUA) have inaugurated the largest and the most modern recycling and reprocessing factory for used PET plastic bottles in Indonesia. Situated in the Pasuruan Industrial...
Indonesia’s state-owned and largest telecom company, Telkomsel, launched its commercial 5G mobile services in May 2021. At the beginning, 5G services will be rolled out to six residential locations in Greater Jakarta: Kelapa Gading, Pondok Indah, Pantai Indah Kapuk,...
In May 2021 it was announced that Indonesia Investment Authority (INA), Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) signed an agreement to establish Indonesia’s...
