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 ...
Indonesia is aiming to build the country’s first spaceport in Biak, Papua. This is to facilitate the National Institute of Aeronautics and Space (LAPAN)’s plan to pursue a larger rocket test launch, that could go up to 300km above earth. The planned spaceport...
Indonesia’s Halal Product Law came into effect as of 17 October 2019. The Halal Law regulates the processing, materials and certification of Halal products, on top of establishing partnerships with international Halal agencies. It is hoped that the Halal...
Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) has won a contract with PT Inti Karya Persada Tehnik (IKPT), a leading Engineering, Procurement and Construction (EPC) company. Toshiba ESS is to supply a set of stream turbine and generator for Dieng...
The Asian Development Bank (ADB) granted Indonesia USD 100 million in October 2019 to help catalyze private sector investments in Infrastructure projects. ADB’s assistance will help close the Infrastructure financing gap, with annual investment needs estimated to be...
Indonesian healthtech startup, Alodokter, successfully raised USD 33 million in Series C funding in October 2019. The round was led by Sequis Life, with the participation of Philips, Heritas Capital, Hera Capital and Dayli Partners, among the few. Previous round...
Indonesia holds a quarter of the world’s nickel reserves and has implemented a ban on ore exports by January 2020. This is part of the country’s strategy is to lure EV makers and battery producers that require the raw materials to invest and set up factories in...
Indonesia has set a goal to reach 100% green fuel production as an end-product of palm oil by 2022-2023. To achieve this, the government was seeking national and foreign investors to build additional refineries, especially in regions close to oil palm plantations in...
The Health Minister of Indonesia, Dr. Nila F Moeloek, has shared the results of a recently conducted family survey revealing that the lifestyles of 82% of Indonesian households can be considered to be unhealthy. The Ministry uses 12 indicators to determine the...
The Alliance to End Plastic Waste (AEPW) has entered a partnership with Project STOP to further scale up the development of more sustainable and circular waste management systems in Indonesia. Through Project STOP, AEPW aims to improve waste collection, bring...
