The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President Joko Widodo proposed a USD 185 billion budget in mid-August, which will see a GDP deficit of...
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...
Siemens and Bentley Systems plan to build the first petrochemical digital twin in Indonesia for Chandra Asri, Indonesia’s largest integrated petrochemical company, which has been in the industry for more than 25 years. The development and implementation of digital...
Thorcon International Pte Ltd, a United States-based nuclear company, has partnered with the Indonesian Defense Ministry for a study to develop a 50 MW thorium molten salt reactor (TMSR). Under the partnership, Thorcon will provide technical advice for the Research...
UOB launched its digital bank, TMRW, in Indonesia to tap into the country’s digital generation. Customers can enjoy a fully digital banking experience, starting from the moment they open an account to their everyday banking needs. TMRW was first unveiled in Thailand...
The venture capital platform Coca-Cola’s Amatil X has participated in Series A investment for Wahyoo, a Jakarta-based start-up that provides value added services to small eateries. The investment will be used to fund company’s expansion beyond Greater Jakarta area and...
The Indonesian government is preparing a regulation on domestic carbon trading as part of the country’s commitment to reduce global greenhouse gas emissions. During last year, the government has been deliberating on an emission-trading system for a domestic carbon...
Fabelio, an Indonesian online furniture retailer, has obtained USD 9 million in Series-C funding from AppWorks, a Taiwan venture firm. The funds will be used to expand the business by upgrading its supply-chain network, especially in terms of logistics and experience...
The Indonesian Ministry of Defense and Danish Odense Maritime Technology, through its Indonesian representative PT Sinar Kokoh Persada, have signed a preamble contract for the delivery of two Iver Huitfeldt-class frigates, in a deal worth USD 720 million. The...
Indonesia’s State-owned electricity company PLN has unveiled a plan to introduce 79 million smart meters in the country over the next seven years. The move was put forward to create an automated billing process, following millions of consumers complaining...
A total of seven foreign companies had confirmed of relocating its production facilities to Indonesia. According to Investment Coordinating Board (BKPM), the relocation will bring USD 850 million in investment and create potential employment for 30,000 workers. Among...
The US Trade and Development Agency (USTDA) has awarded a grant to PT Nusatama Properta Panbil to promote continued economic growth and energy security in Indonesia. The fund will be utilized for a feasibility study to evaluate the development of a liquefied natural...
