Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Indonesia welcomes partnership in vaccines, biosimilars, medical supplies
State-owned pharmaceutical holding company PT Bio Farma is welcoming partners in developing vaccines, biosimilars, herbal medicines, medical supplies and other pharmaceutical products.
This is why oil and gas giants leave Indonesia
PT Medco Energi Internasional Tbk, an Indonesian oil and gas company, announced on March 3, 2022, that it had completed its acquisition of all ConocoPhilips Indonesia Holding Ltd shares from Phillips International Investments. The market value of ConocoPhilips shares is estimated to be US$3.5 billion.
Financial technology gains traction in Indonesia
Financial technology is developing well in Indonesian market. The fintech sector has been expanding in the past three to five years due to, among others, the COVID-19 pandemic, a colossal market, the penetration of internet and the increasing number of smartphone users as well as government support.
Pertamina Power, HyET Solar partner to manufacture photovoltaic foils in Indonesia
PT Pertamina Power Indonesia (PPI), a subsidiary of state-owned oil-and-gas giant PT Pertamina and Power & New Renewable Energy (Pertamina NRE) Subholding, signed an agreement with HyET Solar Netherlands BV to develop photovoltaic (PV) foils in Indonesia.
Indo-Pacific region actively fighting illegal fishing to ensure national food security
The massive amount of illegal fishing poses a genuine threat to the sovereignty of the Indo-Pacific countries, the majority of which have coastlines, and the fisheries sector, which is the source of their economy and food security. This encourages these countries to combat illegal fishing in a variety of ways.
Semen Baturaja looks for vendors, suppliers for 20 MW solar power plant
State-owned cement producer PT Semen Baturaja Tbk is seeking foreign vendors and suppliers to provide technology and equipment for its 20 MW (megaWatts) solar power plant in Baturaja, South Sumatra.
Mitratel seeks partners, suppliers, vendors for fiber-optic, telecommunication tower projects
State-owned telecommunications tower operator PT Dayamitra Telekomunikasi Tbk (Mitratel) has allocated IDR9.9 trillion for capital expenditures (Capex) in 2022. Currently, the company has managed more than 28,000 telecommunication towers all over Indonesia.
Indo Tambangraya Megah seeks bank loans for solar power plant
Mining company PT Indo Tambangraya Megah (ITMG) is developing solar panel power stations in Melak district, West Kutai regency in East Kalimantan, Indonesia.
Kaltimex Energy pursues investors, bank loans for two renewable energy projects
Energy company PT Kaltimex Energy is inviting foreign investors and banks to participate in the financing of its two biomass projects in Indonesia.
Bakrie offers US$5 billion in investment in Indonesia's electric vehicle ecosystem
PT Bakrie and Brothers Tbk (BNBR) - through its subsidiary PT Vektr Teknologi Mobilitas (VKTR) - is developing an upstream to downstream ecosystem for electric vehicles (EV) in Indonesia and will need US$5 billion investment.
Abundant business opportunities in Natuna Islands face challenges
China and Indonesia have been in a stand-off over the waters around Indonesia’s Natuna Islands, which is part of the South China Sea, for quite some time now. In the most recent incident, Chinese diplomats requested Indonesia to stop drilling at an oil and gas block in the area.
Resource-rich Anambas Islands await investors after COVID-19 pandemic
Anambas Islands is famous for its coral reefs, fish and other sea creatures. The small archipelago in the north of Batam - bordering Indonesia and Singapore - is well known among scuba divers. With over 200 islets, this pristine area is named by CNN as Asia’s Top Five Tropical Island Paradise in 2012.