The Indonesian federal government is planning to relax standards on drug patents with an omnibus bill on job creation to support the country’s pharmaceutical manufacturers and encourage patent-sharing. The government aims to strengthen the...
The United Nations Development Program (UNDP), in partnership with the Indonesian Ministry of National Development Planning (Bappenas) and with the support of the Government of Denmark, launched an initiative for the development of Indonesia’s first national strategy...
Indonesia’s Customs and Excise Department under the Ministry of Finance has announced the adoption of the blockchain-enabled TradeLens platform in Indonesia. The announcement follows several months of implementation since the department first announced it was...
In late February 2020, President Joko Widodo inaugurated Indonesia’s largest integrated viscose rayon production facility for Asia Pacific Rayon (APR), which is part of Royal Golden Eagle (RGE), a leading integrated, resource-based Indonesian industrial group. The...
Indonesia and Hungary are going to establish a USD 500 million joint investment fund to finance Indonesian Infrastructure investments in transport and water management. Both countries are expected to put in equal contribution, with Hungary managing the fund. Hungarian...
The Indonesian government has submitted a bill to protect personal data to the parliament. It contains rules on data ownership, consumer rights and cross-border data transfer. According to media reports, this version of the law is most likely going to reference the...
The Indonesian government has established a pharmaceutical holding company to supply feedstock for local pharmaceutical sector and reduce dependence on imports. The holding company brings together three state-owned company, PT Bio Farma, PT Kimia Farma and PT...
Indonesia is planning to purchase bigger boats for its Maritime Security Agency (BAKAMLA). The boats would equip BAKAMLA with the capacity to expand their patrol reach and travel longer distances across the ocean. This is important considering the recent dispute in...
Gudangada, an online B2B FMCG (Fast Moving Consumer Goods) marketplace, has obtained seed funding in the double digit millions in a seed from Alpha JWC Ventures and Wavemaker Partners. Singapore-based private equity firm Pavilion Capital is also part of this funding...
The Indonesian government is to create an omnibus law that would help to improve Indonesia’s attractiveness to investors. The President has asked lawmakers to complete deliberations on the bill within 100 days. Part of the bill proposes corporate tax cuts and higher...
Japanese’s contractor, Obayashi, and Singaporean investment firm, Gallant Venture, have teamed up to open a hydroponic vegetable factory in northern Indonesia. The factory plant is expected to be completed by October this year, with first sales of the produce starting...
The West Java administration is going to build struct waste treatment sites that turn plastic into diesel fuels and raw plastic materials. The project is supported by Plastic Energy, a United Kingdom-based plastic processing company. It is currently in the phase of...
