Following the recent discovery of an Unmanned Underwater Vehicle (UUV) near Selayar Island in South Sulawesi, Indonesia looks to strengthen its underwater security and defense. The Deputy Speaker (DPR) of the House of Representatives recently urged the Indonesian...
Indonesia is expected to see positive economic growth in 2021, after undergoing its first recession in two decades in the third quarter of 2020 due to the COVID-19 pandemic. The country looks to consumer and infrastructure spending as the main engines of GDP growth....
PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero) and Masdar, one of the world’s leading renewable energy companies, have established a joint venture to drive Indonesia’s first floating PV project, the Cirata Floating Photovoltaic Power...
The Indonesia Peat Restoration Agency’s (BRG) mandate has been renewed for another four years until December 2024. With the extension, the government has renamed the agency to the Peatland and Mangrove Restoration Agency (BRGM), making it responsible for mangrove...
According to research undertaken by Bank DBS Indonesia, the country has the highest rate of e-commerce in South East Asia. Since 2019, 90% of internet users in Indonesia have made purchases via e-commerce platforms. Since the pandemic, online shopping has increased by...
The International Finance Corporation (IFC), a member of the World Bank Group, will provide LOGOS, an Australian logistics property group, with up to USD 120 million in debt financing for the development of Indonesia’s green logistics hub in the greater Jakarta area....
The Indonesian Ministry of Transportation (MoT) has approved a USD 14.75 million stimulus package for the aviation industry. The package removes the passenger service charge at 13 airports and provides subsidies for a flight facility calibration fee. The funding will...
Bank Indonesia, in collaboration with the Ministry of Trade, the Indonesia Investment Coordinating Board, and the Indonesian Embassy in Japan, recently launched an integrated bilateral economic cooperation data platform called JAIPONG – Japan Indonesia Partnership...
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has identified 12 geothermal potential areas in West Sulawesi. Currently, there are no geothermal working areas in the 12 areas. They are Alu, Polewali Mandar Regency (25 MW); Ampalas, Mamuju City (28 MW);...
The Indonesian government is preparing a new regulation on renewable energy pricing to encourage more investment in renewables. According to official statistics, Indonesia has over 400 GW of potential renewable energy capacity from hydropower, solar, and geothermal,...
Logiq, a US-based leading global provider of eCommerce and fintech solutions, has entered into an exclusive strategic alliance with Koperasi Mona Santoso Berjaya (KMSB), Indonesia’s social security program provider. Through its Indonesian operations, Logiq will...
As part of the Indonesian government’s effort to enhance tourism, the country looks to expand the airport of Lombok: Zainuddin Abdul Madjid International. The project is estimated to be worth USD 700 million and it will be conducted via a public-private partnership...
