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...
Consumer goods manufacturer PT Unilever Indonesia has just launched its Uniliver Muslim Center of Excellence (Uniliver MCOE). The MCOE will be a research hub for halal products and innovations in line with the needs of Muslim consumers in Indonesia and abroad. As a...
Under the German-Indonesian climate initiative, Germany has agreed to provide EUR 2.5 billion (USD 2.98 billion) in loans to fund Indonesian infrastructure projects within five years towards reducing carbon emissions in Indonesian cities. The funds will be channeled...
Mitsubishi Corporation has entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), Indonesia’s PT Panca Amara Utama (PAU), and the Bandung Institute of Technology (ITB) to conduct a feasibility study in Central Sulawesi,...
Indonesia-based social commerce startup KitaBeli has raised USD 10 million Series A funding to expand operations into the Indonesian island of Java and tier 2—4 cities. The funding round was led by Go-Ventures, with participation from KitaBeli’s existing...
Milk manufacturer PT Frisian Flag Indonesia (FFI) has begun developing a new production facility worth IDR 3.8 trillion (USD 264.6 million) at the Cikarang industrial district, West Java. The unit of Dutch manufacturer Friesland Campina BV plans to produce liquid milk...
German aerial mapping technology company Microdrones has recently appointed Multi Konsultindo Jaya, a Yogyakarta-based consulting, surveying, and mapping service provider, as an authorized distributor of drone surveying equipment throughout Indonesia. As a Microdrones...
Indonesia is moving forward with its first trade agreement with European countries, namely Iceland, Norway, Liechtenstein, and Switzerland, as the Indonesian Parliament has agreed to ratify the Indonesia – European Free Trade Association (EFTA) Comprehensive Economic...
PT Pertamina Geothermal Energy (PGE), a subsidiary of state-run oil firm PT Pertamina (Persero), is planning to increase its geothermal power capacity from 672 megawatts (MW) to 1,112 MW by 2026. Currently, the company contributes 88% of Indonesia’s installed...
Malaysian electric vehicles (EV) maker Tree Technologies Sdn Bhd (Treeletrik) has signed a partnership to supply 200,000 units of its 100% electric motorbikes to Indonesia via distributors PT Pasifik Sakti Enjiniring and Nahdatul Ulama Board...
