Gojek, an Indonesian ride-hailing and payments firm, has launched a video streaming service called GoPlay featuring original movies and TV shows. Subscriptions for GoPlay will start at IDR 89,000 a month, equivalent to USD 6. Gojek has secured streaming rights to...
Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the development of the new capital city of Indonesia in East Kalimantan. The SWF scheme is still under...
Korean Aerospace Industries (KAI) is planning to roll out the first Korean Fighter eXperimental/ Indonesian Fighter eXperimental (KF-X) fighter aircraft prototype by the first half of 2021. The first test flight of the platform is expected to be performed a year...
The World Bank’s Board of Executive Directors has approved a USD 150 million loan for Indonesia to scale up investments in geothermal Energy by reducing the risks of early-stage exploration. The loan is accompanied by USD 127.5 million in grants from the Green Climate...
The two largest airlines in Indonesia, Lion Air and Garuda Indonesia, announced in August 2019 that they are strengthening their cooperation in the aviation industry with several initiatives, including developing joint hangars and establishing an aircraft tire...
MAN Energy solutions is working with the Indonesian government to supply over 1,000 islands with reliable power. Based in Germany, MAN Energy Solutions is the world’s leading provider of large-bore diesel and gas engines and turbomachinery s for marine and stationary...
SK Plasma, a producer of blood products which is part of the conglomerate SK Group, announced that in early September that it has signed an Memorandum of Understanding (MOU) with the Indonesian Red Cross and a state-owned Indonesian pharmaceutical company,...
WhatsApp, Facebook Inc’s messaging services is reportedly in advanced talks with several Indonesian digital payment providers in a move to enter the country’s quickly expanding e-commerce sector. Companies in talks include Go-Jek, mobile payments firm DANA and OVO, a...
Singaporean insurtech firm, Axinan and Indonesian eCommerce company Bukalapak recently announced a partnership to provide insurance solutions for users of Bukalapak’s eCommerce platform. The partnership will provide protections for both merchants and customers....
Capitalizing on China’s Belt and Road Initiative, the Lesso group, a Chinese large scale industrial group specialized in building materials and interior decoration products recently announced its USD 60 million expansion into Indonesia. Lesso’s product portfolio...
Indonesia’s President Joko Widodo has announced a USD 33 billion project to relocate the Indonesian capital from Jakarta to East Kalimantan, a province on the island of Borneo located 1,400 km away from the current capital. Main reasons for the move are chronic...
By the end of 2019, the Indonesian government will announce plans to increase foreign ownership of businesses in some sectors, according to the head of Indonesia’s investment board. The move comes as a potential way to support the country’s digital economy by easing...
