Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major projects in the pipeline. The industry stakeholders have planned several meetups in the coming...
During the visit of King Willem-Alexander and Queen Maxima of the Netherlands to Indonesia in March 2020 25 business agreements worth USD 1 billion, covering wide ranging cooperation, were signed. Netherlands is one of Indonesia’s important trading, investment and...
American engineering company AECOM, strategy consulting firm McKinsey & Company and Japanese architectural and engineering firm Nikken Sekkei will be involved in developing the masterplan of Indonesia’s USD 34 billion new capital city in the rainforests of East...
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...
