Indonesian Health Tech Startup Gorry Holdings Secures Fresh Funding

Jakarta-based health tech start-up, Gorry Holdings, has successfully raised funding from Singapore’s private equity firm, Heritas Capital Management, for an undisclosed amount. The funding will be utilized to create new services and speed up expansion across...

iPhone Assembler Considering Setting up Plant in Indonesia

Pegatron Corp, a Taiwanese electronics manufacturer that assembles iPhones, is considering to set up a plant on Batam Island, Riau Islands. If confirmed, the investment is estimated to be worth USD 1 billion. It will also employ 8,000 to 10,000 workers in the rented...

Jakarta Plans to Fine Retailers for Single Use Plastic Bags

According to a report in the Jakarta Post, Governor Anies Baswedan is drafting a gubernatorial regulation to ban single-use plastic bags in Jakarta. The draft would come into effect in January 2019. Once the regulation is legalized, the Jakarta Environment Agency will...