Business and Investment
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Indonesia’s ESB and STI partner with Malaysia’s Gentari for EV Ecosystem
PT Energi Selalu Baru (ESB) and PT Semolis Teknologi Indonesia (STI), subsidiaries of PT NFC Indonesia Tbk (IDX: NFCX), and PT M Cash Integrasi Tbk (MCAS) have set up partnership with Gentari Green Mobility Sdn Bhd, a Malaysian clean energy solutions provider, for Electric Vehicle Ecosystem development.
Ford Motor joins Vale Indonesia, Zhejiang Huayou Cobalt in nickel battery project
PT Vale Indonesia Tbk. (INCO) and Zhejiang Huayou Cobalt Co. have established partnership with Ford Motor Company in a project to build a nickel battery raw material plant in Indonesia.
Capital City Authority acknowledges potential environmental impact of underwater tunnel project
The Nusantara Capital City Authority (OIKN) admits that the first underwater tunnel project in Indonesia’s future capital, valued at Rp10 trillion (about US$ 649 million), has the potential to harm the ecosystem. However, upon thorough assessment, the project is considered to generate the least impact on the marine ecosystem around Balikpapan Bay.
Chinese EV battery manufacturer CBL to invest US$ 420 million in Indonesia
Chinese electric vehicle (EV) battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to make a significant investment in Indonesia, Luhut Binsar Panjaitan, the Coordinating Minister for Maritime and Investment Affairs, announced that CBL has agreed to invest approximately US$ 420 million (IDR 6.5 trillion) in the country.
Indonesia's Eastern Region emerges as a promising hub for oil and gas exploration
The potential for oil and gas (O&G) in Indonesia's eastern region remains highly promising, making it a key contributor to the nation's future O&G production targets.
BYD Chinese EV manufacturer plans entry into Indonesia automotive market
BYD Chinese technology and electric vehicle (EV) manufacturer has expressed its readiness to enter the Indonesian automotive market by selling passenger cars in the first half of 2024.
Minister Sakti Wahyu Trenggono encourages collaboration to boost lobster farming
Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, is urging Indonesia to play a strategic role in the global lobster supply chain.
Telkom Indonesia partners with Huawei for cloud technology and data centers
PT Telkom Indonesia (Persero) Tbk has joined forces with Huawei Indonesia to provide cloud technology and data center services. This collaboration is part of Telkom's strategy to enhance its capabilities in the IT services business.
Vast Indonesian blue economy untapped with potential benefits and reduction in green house gas
Suharso Monoarfa, the Minister of National Development Planning/Head of the National Development Planning Agency (Bappenas), stated that Indonesia possesses significant untapped potential in the blue economy. However, this potential has not been fully utilized.
Indonesia invites investors to develop local fish feed industry and reduce import dependencies
Sakti Wahyu Trenggono, the Minister of Marine Affairs and Fisheries, has opened opportunities for investors to establish a fish feed industry in Indonesia. Currently, 89% of the country's fish feed needs are imported.
Pertamina Hulu Mahakam to commence new oil and gas well drilling in Mahakam Block
PT Pertamina Hulu Mahakam (PHM), a subsidiary of PT Pertamina Hulu Indonesia (PHI), is set to initiate drilling for new oil and gas wells in the Mahakam Block, East Kalimantan.