Satelit Nusantara Tiga (Satria), an Indonesian satellite provider and Thales Alenia Space, a French-Italian aerospace manufacturer, have signed a Preliminary Work Agreement to prepare and launch a broadband telecommunication satellite, called the Satellite of the...
Mastercard has formed an alliance with N-Frnds, SGeBIZ and Finastra, with support from the Asian Development Bank (ADB), to create technology solutions for the retail supply chain and increase wholesalers’ access to credit in Asia. The collaborative solution would...
China’s Contemporary Amperex Technology (CATL) has invested USD 2.6 billion in building the largest lithium battery production facility in Indonesia. This is in line with Indonesia’s efforts to develop the downstream industry as the country banned exports of nickel...
The Ministry of Public Works and Housing (PUPR) of Indonesia is requesting a USD 10.1 billion budget for 2021 to fund the country’s infrastructure projects. This marks almost a 43% increase from the current year budget. In 2021, the ministry will be focusing on...
The Indonesian government inaugurated a waste-to-energy power plant in Cilacap, Central Java, worth USD 6 million. The refuse-derived fuel (RDF) facility is a pilot project to improve Indonesia’s waste management and smoothen the country’s transition from coal to...
According to a report in the Jakarta Post, the Indonesian government is considering a plan to develop medical tourism in the country in an effort to provide high quality health care to the public and create a new source of national income. According to a 2018 report...
The Indonesian government and Australian firm Fortescue Metals Group (FMG), the fourth largest iron ore producer in the world, signed a Deed of Agreement to develop renewable energy in Indonesia. The Deed of Agreement provides first priority to Fortescue Future...
Waresix, an Indonesian logistics startup company, raised USD 100 million for its Series-B funding round. Investors include existing backers, EV Growth and Jungle Ventures as well as new backers such as SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, and...
Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia. KDB is a state-owned bank established in 1954 for the purpose of supplying capital to help develop Korean industries and the national economy....
The Ministry of Public Works and Public Housing (PUPR) has developed seven irrigation networks to support the country’s economic setback due to COVID-19 pandemic. Besides the additional irrigation systems, the Ministry also looks to build several dams throughout...
The development of COVID-19 has put the issue of medical waste in Indonesia in the spotlight. According to the Indonesian Environmental Scientists Association (IESA), there has been a surge of 70% of medical waste, ranging from PPE, syringes and intravenous lines,...
The Indonesian Defense Minister, Prabowo Subianto, has expressed interest in buying 15 second-hand Eurofighter Typhoons from the Austrian Air Force, stating that the procurement aimed to modernize the country’s Air Force. Austria purchased the 15 Typhoons back in 2002...
