Investment and Risk
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Pertamina International Shipping, Badak NGL develop LNG business
PT Pertamina International Shipping, a subsidiary of state-owned oil-and-gas giant PT Pertamina, partnered with PT Badak Natural Gas Liquefaction (PT Badak LNG) to develop liquefied natural gas (LNG). PIS Acting Corporate Secretary Roberth MV Dumatubun said both companies signed a memorandum of understanding (MoU) on May 24, 2022.
Public Works ministry offers 6.3MW micro-hydroelectric project in West Nusa Tenggara
The Ministry of Public Works and Housing is exploring the market's interest through a public-private partnership scheme to maximize the utilization of dams for electricity. Investors and companies are welcome to participate in the 6.3 MW (megaWatts) Bintang Bano mini hydropower plant in West Sumbawa regency, West Nusa Tenggara.
IBC develops Electric Vehicle ecosystem
Electric Vehicle (EV) battery holding company Indonesia Battery Corporation (IBC) is taking a close look to two foreign potential partners in developing EV upstream and downstream industries.
CROWDE: An agritech start-up seeking complete solution for Indonesian farmers
Yohanes Sugihtononugroho was a chilli farmer in the rural areas of Bogor regency, West Java, back in 2013. During his job as a farmer, he witnessed many difficulties of his fellow farmers, including the lack of access to financing. He remembered that some of his friends had to walk around 20 to 30 kilometers to find loan sharks who would lend them IDR2 million or IDR3 million.
Indonesia has huge potential in renewable energy despite several bottlenecks
Indonesia has huge investment opportunities for foreign investors in renewable energy including solar, hydroelectric, geothermal and wind energy in various parts of the country. The potential makes an investment in the green energy sector a lucrative opportunity.
Indonesia develops renewable energy, strategic petroleum reserve
Indonesia needs to develop its renewable energy sources and form a Strategic Petroleum Reserve in order to achieve energy autonomy, according to National Energy Council.
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.