PT Borneo Alumina Indonesia (PT BAI) has appointed a Black & Veatch-led project management consortium (PMC) to develop an alumina refinery in West Kalimantan. The processing facility, the first of its kind in Indonesia, will feature a 1 million tpy smelter-grade...
The European Union (EU) has granted Indonesia USD 16.37 million (IDR 232 billion) through a four-year program called ARISE+. The program aims to boost the country’s export competitiveness and integration into the global value chains. The program intends to advance the...
Pomona, an Indonesian provider of marketing and digital sales solutions for the packaged consumer goods and fast-moving consumer goods sector, has successfully closed a USD 3 million fundraising round. The round was led by Vynn Capital, supported by Shanghai-based...
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....
