With plans including the construction 25 airports and new power plants, Indonesia hopes to boost the economy by investing a record 5,957 trillion rupiah (USD 412 billion) in Infrastructure projects from 2020 – 2024. Around 40% will be directly funded by the...
Google will provide training, funding and assistance to Gringgo Indonesia Foundation to develop artificial intelligence (AI) as a means to sort and reduce plastic waste. The Bali-based organization is among 20 NGOs from 12 countries selected for the Google AI Impact...
Credit rating agency, Standard & Poor’s (S&P) upgraded the Sovereign Credit Rating of the Republic of Indonesia from BBB-/ Stable Outlook to BBB/Stable Outlook on 31 May 2019. In its report, S&P stated that one of the key factors that support the...
Indonesian e-commerce giant Tokopedia is expanding its one-day delivery guarantee to nearly all of its products in a move to keep rivals at bay. While the 100% Indonesia focused company already offers same-day or one-day delivery for approximately 65% of its products,...
Indonesia’s Ministry of Trade has signed an MoU with Singaporean blockchain firm PLMP Fintech, Central Distribusi Batam and the Agency for Free Trade Zone and the Free Port of Batam. According to a press release, the partnership is meant to revolutionize the country’s...
The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than USD 305 million invested in Jawa-1, which would be the largest combined-cycle gas turbine (CCGT) power plant in Indonesia. This is...
Amazon Web Services (AWS) has decided to open a new Infrastructure region in Indonesia by the end of 2021 or early 2022. The opening of an AWS Infrastructure region in Jakarta, which will be the ninth in Asia Pacific, will complement AWS existing regions in Beijing,...
Acknowledging the exponential growth of global wellness tourism, the Bali administration is currently aiming to expand the island’s health tourism with supportive regulation. At the moment, there are above 3,000 traditional wellness centers which include herbal...
Coca-Cola Amatil (CCA), one of the world’s larger bottlers of The Coca-Cola Company range, has announced plans to expanding its start-up accelerator platform Amatil X to Indonesia. The Coca Cola Company holds a 30.8% stake in CCA. CCA is headquartered in Australia and...
In May 2019, Indonesia launched the 2019-2024 Sharia Economy Masterplan, as part of the country’s national economic development initiative. The government has underlined four main strategic recommendations to develop the sharia economy in the country,...
The Indonesian-Chinese consortium building a high-speed rail link between the capital Jakarta and Bandung, a textiles hub, expects to earn USD 18 billion from developing four satellite towns and industrial centers. The joint venture to build the high-speed railway was...
Chinese state-owned firm, Sinomach, also known as China National Machinery Industry Co, has finalized its plan to build a 80,000 tons ferronickel plant in Indonesia. The engineering, production and construction contract was signed between Sinomach and Indonesia’s PT...
