VinFast, the Vietnamese electric vehicle (EV) manufacturer under Vingroup, is advancing its plans to establish a manufacturing presence in Indonesia by the end of 2025. In a recent filing with the United States Securities and Exchange Commission, VinFast announced its...
Nitori Holdings Co., Ltd., headquartered in Sapporo, northern Japan, has revealed plans to open an inaugural store in Indonesia. The goal is to speed up further store openings across the Asian market. The first Indonesian store is set to debut in July at Central Park...
Sembcorp Industries (Sembcorp) has revealed that its wholly-owned subsidiary, PT Sembcorp Renewables Indonesia, has established a joint venture with PT PLN Nusantara Renewables, a subsidiary predominantly owned by PT PLN Nusantara Power. The partnership is focused on...
The Ministry of Cooperatives and SMEs (Kemenkop UKM) is embarking in a cooperation with the Australian livestock company Austrex to enhance the governance of Indonesia’s livestock business sector. The Deputy for Entrepreneurship at Kemenkop UKM aims for this...
PT Len Industri and Thales celebrated a significant milestone in May 2024 with the signing of a joint venture agreement in Jakarta. The ceremony was attended by the Deputy Minister of State-Owned Enterprises (BUMN), the President and CEO of Thales International, and...
The governments of Indonesia and Switzerland have committed to pursuing stronger cooperation in the manpower sector, the Indonesian Manpower Minister stated after meeting with the Swiss Ambassador in Jakarta in May 2024. The minister highlighted several agreements...
South Korean health-tech company Kakao Healthcare has entered into a memorandum of agreement (MOA) with Universitas Indonesia Hospital (RSUI) to collaborate on localizing and disseminating its AI-driven blood sugar management solution, PASTA. The collaboration is part...
Korea Water Resources Corp. (K-water) has collaborated with Indonesia’s Ministry of Public Works and Public Housing to establish a water treatment facility in Nusantara, which is situated in east Borneo and slated to become Indonesia’s new capital....
Indonesia has launched the third phase of the Nusantara Capital City (IKN) project, which includes 25 project packages such as the construction of the National Police and Ministry of Defense offices. Danis Sumadilaga, Head of the IKN Infrastructure Development Task...
The National Council for Special Economic Zones (KEK) in Indonesia has approved proposals for three new special economic zones (SEZs) in Batam, Tangerang, and Morowali. These SEZs target total investments of IDR 161 trillion (USD 9.8 billion) and will be recommended...
The EDGE Group from the United Arab Emirates has announced a USD 27 million deal to provide Indonesian state-owned enterprise PT Pindad with an ammunition production line. This agreement marks another advancement in the Gulf defense conglomerate’s expansion into...
Liverpool FC is expanding its presence in Asia through a new retail partnership in Indonesia. This collaboration with PT Kanmo Weston Retailindo, a joint venture between Weston Corporation from Singapore and Indonesia’s Kanmo Group, marks a significant step in...
