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...
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...
