Business and Investment
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Nusantara, Indonesia's future capital seeks Korean partners to shape the green city o the future
Nusantara, poised to be the future capital city of Indonesia, is calling upon Korean corporations to join hands in crafting the city of the future. Mohammed Ali Berawi, head of green and digital transformation for the new capital project, announced the Indonesian government's intention to collaborate with Korean giants such as LG and Hyundai Motors in enhancing urban air mobility infrastructure.
Indonesia Battery Corporation to acquire 40% shares in Hyundai and LG battery plant
The Indonesia Battery Corporation (IBC) is pursuing a stake of approximately 30% to 40% in the electric vehicle battery plant jointly developed by Hyundai and LG in Karawang, West Java.
Indonesia aims to become a global green hydrogen supplier in pursuit of net-zero emissions (NZE)
Indonesia has set its sights on becoming a key global supplier of green hydrogen as part of its commitment to achieving Net-Zero Emissions (NZE). Collaborating institutions, including the National Research and Innovation Agency (BRIN), state-owned electricity company PT PLN (Perusahaan Listrik Negara), and private sector entities, are collectively driving the development of hydrogen technologies in Indonesia.
Telkomsel joins forces with tech giants Microsoft, Nokia, and Huawei, paving the way for autonomous network concept
Telkomsel, alongside 30 global tech companies such as Microsoft, Nokia, and Huawei, has taken a groundbreaking step by establishing the concept of Autonomous Networks and proclaiming the Autonomous Networks Manifesto.
Samudera Indonesia expands its fleet, adds six new ships
Samudera Indonesia, a publicly-traded shipping company on the Indonesia Stock Exchange, has disclosed plans to expand its fleet by adding a minimum of six new ships by 2024.
Garuda Mitra Unggul collaborates with Bulgarian meat processor Bella Group to produce Indonesian rendang
The CEO of PT Garuda Mitra Unggul (GMU), Hendro Santoso, has stated that Bulgaria is planning to establish a meat processing factory in Indonesia. The decision was made following a collaboration between Bulgarian representatives from Bella Group and PT GMU Indonesia to produce halal food in Bulgaria, specifically Indonesian rendang.
Telkom Group aims to lead the regional data center market
The Ministry of State-Owned Enterprises in Indonesia has indicated that the telecommunications company, PT Telkom Indonesia Tbk (TLKM), is well-positioned to become a market leader in the data center business within the regional market.
Citibank Indonesia and Coca-Cola Europacific Indonesia signed MoU for a sustainable supply chain finance
Citibank, N.A. Indonesia (Citi Indonesia) has signed a collaboration agreement with Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) to implement a sustainable supply chain finance (SSCF) program, amounting to approximately US$ 30 million (IDR 470.95 billion) with a 90-day tenor.
China to develop environmentally-friendly biomass technology for ASEAN Nations including Indonesia
China is aiming to develop environmentally-friendly biomass technology to produce biomass for ASEAN countries, including Indonesia. This initiative is led by the Guangzhou Institute of Energy Conversion (GIEC), a part of the Chinese Academy of Sciences (CAS).
PT Chandra Asri Petrochemical Tbk receives certification for bio-based gas products
PT Chandra Asri Petrochemical Tbk (Chandra Asri) has been awarded the International Sustainability and Carbon Certification (ISCC), a globally recognized certificate for producing environmentally friendly products.
Indonesian government to re-auction terminated oil and gas working areas with incentive improvements
The Indonesian government is set to re-auction 49 terminated Oil and Gas Working Areas (WK Migas) that were returned to the state or terminated during the period from 2020 to the first half of 2023.
Indonesia officially launches palm oil exchange to regulate a more transparent trading
The Indonesian Commodity and Derivatives Exchange (ICDX) has been granted official approval to operate the Crude Palm Oil (CPO) Exchange, marking a significant development in the country's commodity trading landscape. The launch of the Palm Oil Exchange was officially announced by the Commodity Futures Trading Supervisory Agency (BAPPEBTI).