Agreement Signed for Medical Blockchain Project in Batam, Indonesia

Batam Development Authority (BP Batam), BP Batam Hospital and healthcare blockchain company, dClinic signed an agreement on 26 July 2019 creating BMB (Batam Medical Blockchain) , which is likely the largest blockchain project in the South East Asian region.  dClinic...

Indonesia Exploring Waste-To-Energy Plants to Address Waste Issue

The Indonesian government is looking to build waste-to-Energy plants in four cities – Jakarta, Surabaya, Bekasi and Solo – this year as an effort to solve the country’s plastic waste crisis. This is in line with the regulation issued in April last year...

Indonesia Preparing Cross Border E-Commerce Regulation

The Indonesian government is preparing a cross border e-commerce regulation with the aim of controlling the flow of imported goods in the market. Currently, the government is reviewing import trends on e-commerce platforms. They are also in talks with e-commerce...

New Indonesian Regulation Provides Incentives for EV Industry

On 5 August 2019, Indonesia’s President Joko Widodo signed presidential regulation (Perpres) on electric vehicles (EVs) to provide government support in order to promote the industry in the country. Indonesia is aiming to leverage its abundance of essential...

PAL Indonesia Signs Agreement with ThorCon to Build Nuclear Reactor

Indonesian state-owned company, PT PAL Indonesia, which manufactures ships for military and civilian use, has signed an agreement with Thorcon International Pte Ltd, for a study and subsequent construction of a 500 Megawatt nuclear reactor. The ThorCon reactor uses...

Plans to Build A Second Airport in Bali

Indonesia plans to build a second airport in Bali located in the northern village of Kubutambahan, Buleleng Regency. The proposed international airport will cater to budget airlines such as Jetstar, Air Asia and Lion Air. Meanwhile, the current Ngurah Rai...

USD 5.4 Billion to be Invested in Second Phase of Jakarta MRT

PT MRT Jakarta is planning to extend the Mass Rapid Transit (MRT) track over the next seven years. The total investment needed is estimated to be USD 5.40 billion.  The first phase of the MRT running 8 kilometers from the South to Central Jakarta was opened in April...

PT Lloyd Pharma Indonesia Signs Licensing Agreement for HIV Drugs

San Diego, California-based Viriom Inc. signed a licensing agreement with PT Lloyd Pharma Indonesia for Elpida as well as other drugs from Viriom’s HIV (human immunodeficiency virus) and HBV (hepatitis B virus) portfolio. Viriom’s agreement with PT Lloyd will enable...

Three SOEs Form Partnership to Develop Industrial Estates in Sebang

Construction firm PT Wijaya Karya (Wika), Manufacturing company PT Rajawali Nusantara Indonesia (RNI) and plantation company PT Perkebunan Nusantara VIII (PTPN VIII) have signed a Memorandum of Understanding (MoU) to develop four industrial estates in Subang, West...