#Digital & Technology
Apple to invest US$1 B in Batam as part of its investment commitment in Indonesia
Apple plans to build a factory in Batam, Riau Islands, with an investment of US$1 billion (Rp16 trillion) after its investment plan was approved by President Prabowo Subianto.
SUN Energy-SMBC set up partnership to speed up energy transition in Indonesia
Solar energy developer PT Surya Utama Nuansa (SUN Energy) has established partnership with PT Bank SMBC Indonesia (SMBC Indonesia) through the provision of a US$10 million Multi Option Trade Facility for the procurement of raw materials and expansion of solar energy projects in the commercial and industrial (C&I) sector.
Chinese investors pour in billions of dollars to Indonesia's digital market
In recent years, Chinese investors and venture capital firms have invested billions of dollars in Indonesian start-ups and unicorns such as Tokopedia, Gojek, Bukalapak, and Traveloka.
Huawei expands in Indonesia despite security concerns
Chinese telecommunication company Huawei Technologies Co. Ltd. is gaining traction in Indonesia despite concerns regarding its possible surveillance and intelligence purposes.