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...
Thales and PT Len have signed a Memorandum of Understanding (MOU) to collaborate on radar development for the Indonesian military. The MoU also extends the collaboration to include technology transfer and training for radar management and maintenance, an area that the...
Veolia Services Indonesia, the France-based global waste management company, is building the largest polyethylene terephthalate (PET) or bottle-to-bottle recycling and reprocessing factory in Pasuruan district, East Java. This is a continuation of a Memorandum of...
Kargo, a logistics startup based in Indonesia, announced in late March that it has received USD 7.6 million seed funding. The investment was led by Sequoia Capital India and sourced from 10100 Fund (VC firm set up by Uber founder Travis Kalanick), Agaeti Ventures,...
PT Industri Kereta Api Indonesia (PT Inka), Indonesia’s state-owned rolling stock manufacturer, held a groundbreaking ceremony on 2 April for a new rolling stock plant in Banyuwangi, Indonesia. The new plant is developed under partnership with Stadler Rail Group a...
Oman’s Overseas Oil and Gas (OOG) is investing USD 15 billion to build a new oil refinery and petrochemical plant in Bontang, East Kalimantan in Indonesia, together with a consortium of partners. The government of Oman will provide financial support for the...
The Ministry of Health of Indonesia launched a heath information application called Sehatpedia. Available on Android platforms, the application has five features: Live Chat – Interactive consultation: Public can consult with doctors who have joined Sehatpedia Health...
Aselsan, a Turkish defense electronics company, is supplying its ZOKA range of acoustic torpedo countermeasure for Indonesian Navy (Tentara Nasional Indonesia – Angkatan Laut or TNI-AL). The equipment will be installed in TNI A-L’s Type 209/1400 Nagapasa boat....
London-based plastic recycling company Plastic Energy Ltd (Plastic Energy) is going to develop five recycling plants in the province of West Java in Indonesia. The company has signed a Memorandum of Understanding (MoU) with governor of West Java, Ridwan Kamil, The...
Indonesia’s president Joko Widodo inaugurated the first phase of Jakarta Mass Rapid Transit (MRT) on April 24,2019. The project was funded by the Japan International Corporation Agency, while the construction itself was done by two consortia of local and Japanese...
