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...
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...
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...
Garuda Indonesia (Garuda), the national airline of Indonesia, has announced plans to set up a fleet of 100 unmanned aircraft or drones for cargo transportation within the next five years. Garuda will set up a venture to procure the drones from China-based Beihang...
Toyota Motor Corp will invest USD 2 billion to manufacture Electric Vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles to gradually transition to EVs. The company is aiming for EVs to account for half of its global sales by 2025,...
Indonesian State-Owned Enterprise Perum Jasa Tirta II (PJT II) signed an agreement with Korea Water Resources Corporation (K-Water), establishing a partnership concerning smart water management. PJT II manages two river areas covering 74 rivers and tributaries...
Indonesia is implementing a comprehensive set of tax measures aimed at boosting investment, and stimulating economic growth, amid signs that the government’s 5.3% growth target for 2019 may be difficult to achieve. The government raised the threshold at which...
Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a round led by AlphaJWC. Founded in 2017 by Edward Tirtanata and James Pranato, the start-up aims...
Japanese oil exploration and production company, INPEX, through its subsidiary INPEX Masela (51.93% held by Inpex), received official approval on 16 July from the Indonesian government authorities for its revised development plan for the Abadi Liquefied Natural Gas...
NTT Com, the communications subsidiary of the Japanese ICT giant, NTT Group, will build a four-story, 194,000 square feet data center campus near Jakarta. Dubbed the “Indonesia Jakarta 3 Data Center” (JKT3) the campus will have a 45 MW IT load and a 18,000 sqm IT...
On 17 May, BPJS Kesehatan and the Indonesian Stock Exchange (IDX) signed a data sharing agreement aiming to encourage companies and their employees to take part in the JKN-KIS program, as required by the law. Under the agreement BJPS Kesehatan will share data about...
The amended Law on Tax Management has recently been passed by the National Assembly in an effort to improve taxation on ecommerce activities. The law will enter into force on July 1st 2020 involving several changes. Under the new rule, The Ministry of Industry and...
