Batam island plans to develop two special economic zones (SEZs), on top of its free trade zone (FTZ) status. The proposed zones may be approved as early as June this year, contingent on Indonesia’s election results in April. The two proposed enclaves under the SEZ are...
Indonesia plans to revamp its 2001 oil and gas law to increase oil and gas production, boost Indonesia’s Energy independence and strengthen investment in the country’s human resources in the sector. The proposed changes include the creation of a new special oil and...
Several Indonesian state-owned Indonesian enterprises are jointly launching a new digital payments platform, called LinkAja, which will be operation from 1 March, 2019. The QR code based payment platform was developed by the State-Owned Lender Association (Himbara),...
The Indonesian Government has requested Airbus to produce aircraft components in collaboration with Dirgantara Indonesia, an Indonesian aerospace Manufacturing company. The country is also asking the aeronautics giant to manufacture aircraft tires in Indonesia....
In light of the island’s ongoing Environmental woes, authorities in Bali are planning to unveil a USD 10 tax on foreign visitors to the island. The revenue will be directed to support Environmental and cultural preservation programs. The policy will not be imposed on...
Indonesia is on the road to make halal labeling compulsory for consumer products and services. The draft on mandatory halal rule is currently awaiting the president’s approval. Once approved, the regulation will require all goods and services, pertaining to food,...
The Fit Company, an Indonesia-based wellness tech startup, raised an undisclosed amount of seed funding from East Ventures, whose Indonesian investment portfolio includes unicorns Tokopedia and Traveloka. The funding will be allocated to build a technology-enabled...
Indonesia is in the midst of finalizing a new electric vehicle (EV) policy to build its position as a lithium battery hub in the region. The proposed plan offers tax incentives to EV battery producers and automakers and introduces preferential tariff agreements with...
The state-owned tourism management enterprise Indonesia Tourism Development Corporation (ITDC) has obtained funding from the Asian Infrastructure Investment Bank (AIIB) to build Infrastructure in the Special Economic Zone (KEK) in Mandalika, West Nusa Tenggara in the...
Japanese retail group, Aeon, has partnered with Indonesian ride-hailing start-up, Go-Jek, on digital payment and home delivery services. Started in mid-December, the partnership aims to accelerate Aeon’s overseas expansion. Under the new strategy, Aeon will utilize...
Filipino esports organization, Mineski, is pouring USD 2 million in the Indonesian esports market in 2019, betting on the country’s ranking as the second-largest gaming market in Southeast Asian. The esports industry in Indonesia is set to reach USD 879.7 million this...
Indonesia and the European Free Trade Association (EFTA) signed the Comprehensive Economic Partnership Agreement (CEPA) on 16 December 2018. The agreement was reached between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland – after...
