In a bid to boost post-COVID recovery, the Indonesia government will offer six toll road public private partnerships (PPP) projects with a combined value of IDR 80.5 trillion (USD 5.3 billion) to investors this year. The projects comprise five private toll road...
As COVID-19 cases surge in Indonesia, doctors are using telemedicine solutions to treat patients both at hospitals and online. Due to a lack of medical staff and protective gear, and under 4,000 hospital beds for seriously ill COVID-19 patients in an archipelago of...
GudangAda, an online B2B marketplace for fast-moving consumer goods (FMCG) based in Jakarta, announced that it raised a USD 25.4 million Series A (bringing total fundraising to date to USD 36 million) led by Sequoia and Alpha JWC, with existing investor Wavemaker...
Iuiga, the Singapore-based homewares retailer announced that it has received SGD 10 million (USD 7 million) in Series A funding from Indonesian conglomerate, Konimex. The funds are supposed to be used for the retailer to expand its current operations in the Indonesian...
Bank Indonesia (BI), the central bank of Indonesia, has announced that it will ease regulations on credit cards, through lowering maximum interest rates and late payment penalties, in a bid to increase cashless transactions and boost economic activity. The central...
Loop Insights Inc, a provider of artificial intelligence solutions to brick and mortar retailers, announced on April 14 that it had signed a Memorandum of Understanding (MOU), and will enter into a joint venture partnership, with Frontier Technology to gain access to...
Circulate Capital, a Singapore-based investment management company focused on combating plastic in the oceans and advancing the circular economy, has announced its first investments in two plastic recycling companies in India and Indonesia, for a total of USD 6...
The Indonesian government announced in mid April 2020 that the construction of Kediri Airport in Kediri regency, East Java, had begun. The project is expected to be completed in two years and the airport will be able to accommodate large international and domestic...
On April 22, Daewoo Engineering & Construction (Daewoo E&C) signed on as the main contractor for the Tangguh Expansion Ph2 project, an Indonesian LNG liquefaction plant project, located in the Bintuni Bay area of Papua Barat, western Indonesia. Tangguh...
Following a Dutch trade mission, Rohill announced that it will partner with Indonesian companies PT Len Industri and PT Simoco to obtain a leading position in the mission-critical mobile communication market in Indonesia. The partners will share knowledge and...
Amatil X, the venture capital arm of Coca Cola Amatil, one of the world’s five major Coca-Cola bottlers, has invested in Kargo Technologies, an Indonesian start-up for freight logistics. The investment is Amatil X’s first venture into the startup scene in...
Huawei Cloud and Singapore-based learning technology company ULearning have agreed to collaborate for a project providing an e-learning system Universitas Muhammadiyah Jakarta, one of Jakarta’s most prestigious private universities. The e-learning solution is...
