PLN, the state electricity company of Indonesia, has signed a power purchase agreement with Masdar, a global leader in renewable Energy and sustainable urban development from Abu Dhabi. The agreement is to develop the first floating solar photovoltaic (PV) in...
In December 2019, PT Supreme Energy Muara Laboh commenced commercial operations of its Muara Laboh Geothermal Power Plant (PLTP) located in Solok Selatan Regency, West Sumatra Province. The project was jointly developed by PT Supreme Energy Muara Laboh (30%), part of...
The Bali provincial government is on its way to upgrade the island’s health services. The goal is to create an online database for local residents and integrate Bali’s public health system and management into one system. Besides system integration, the government is...
Foreign Investors are investing in the Trans Java toll roads that are part of the Trans Java network. Recently, two toll roads, Solo-Ngawi and Ngawi-Kertosono-Kediri, were invested by a Hong Kong firm, Kings Key Limited (KKL). The company is a subsidiary of Road King...
Grab and the Indonesian government have launched an Electric Vehicles (EV) Ecosystem Roadmap to accelerate EV adoption in Indonesia and create a more Environmentally sustainable transport network in the country. By 2025, Indonesia plans to have 2 million EVs on the...
Hyundai Motor has struck an agreement with the Indonesian government to produce cars with auto parts supplied by local partners. This is the first time the Korean automaker will produce cars overseas without using Hyundai Mobis, the sparts Manufacturing arm of Hyundai...
Indonesia is mulling setting fixed fees on some e-wallet transactions at 0.7%. This step could have a significant impact on the rapidly growing digital payments sector in Indonesia. Indonesia is a lucrative market for e-wallet firms with a flourishing...
The Indonesia’s Investment Coordinating Board (BKPM) is looking for nearly IDR 1,000 trillion of investment to push the country’s economic growth to 6%, as per the national medium-term development plan (RPJMN) 2020-2024. To attract investors, the government...
Indonesia plans to offer more airport management projects in 2020, following its first award to a foreign company for the Labuan Bajo airport in Nusa Tenggara Timur, which serves as a gateway to the Komodo National Park. A 25-year contract for development and...
Warburg Pincus LLC backed shopping mall developer, NWP Retail, will spend USD 123.5 million to purchase five Lippo shopping malls in Indonesia. Two shopping malls will be purchased from Singapore-listed Lippo Malls Indonesia Retail Trust for USD 92 million and the...
Indonesia has relaxed its data storage rules, revising the 2012 regulations which require domestic storage of a range of data to allow oversight by the government. Although the regulation was largely not enforced, foreign tech companies found it to be a large...
According to the Investment Coordinating Board (BKPM), Foreign direct investment (FDI) in Indonesia grew by 18% y-o-y in the third quarter of 2019, indicating that market confidence has returned after peaceful legislative and presidential elections, which saw the ...
