Sunday, December 3, 2023

Tag: Infrastructure

Presidential and vice-presidential candidate Prabowo Subianto and Gibran Rakabuming Raka have outlined their vision to construct 10 innovation cities across Indonesia if they emerge victorious in the 2024 Presidential Election. […]
Wanxinda Group has signed a land utilization agreement for a 98-hectare industrial area valued at IDR 1 trillion with PT Integrated Industrial Zone Batang. The Chinese conglomerate has the potential to invest up to IDR 23 trillion in Indonesia. […]
The Ministry of Communication and Information Technology (Kominfo) in Indonesia aims to propel the country’s internet speed into the top ten globally by providing incentives for 5G network development. However, telecom operators are reluctant to aggressively expand their 5G networks, citing unprofitable business models. […]
The Capital City Development Authority (OIKN) has collaborated with four U.S. information technology (IT) companies, including Cisco and Microsoft, to build a smart city in the Nusantara Capital City (IKN). […]
Hungary has been increasing its investments in Indonesia, specifically in digital technology solutions, with a focus on the Multi Lane Free Flow (MLFF) project, an untouched toll road initiative. […]
The Capital City Authority (OIKN) revealed that the first foreign investors in the Nusantara Capital City (IKN) are expected to commence the project’s construction or groundbreaking in early 2024. […]
Indonesia Tourism Development Corporation (ITDC) signed agreements with investors for tourism development in the Mandalika Special Economic Zone (KEK) in Jakarta. The collaborative effort involved PT Arena Pacu Nusantara, PT ARCS House, PT Istana Putri Mandalika, and PT Ecomarine Indo Putra. […]
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 […]
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. […]
Jusuf Hamka, the owner of PT Citra Marga Nusaphala Persada Tbk (CMNP), stated that the increase in construction cost of Cisumdawu toll road is not a significant issue. […]
More than 170 national strategic projects have been completed by President Joko Widodo during his office term with more to follow until December of 2024. […]
French Tech Indonesia, a diverse community uniting entrepreneurs, startups, investors, incubators, accelerators, and technology players in Indonesia, is set to host its flagship event, the French Tech Indonesia: AI Summit 2023, on October 10, 2023. […]
The Indonesian government is actively engaging with foreign investors for the construction of the IKN in East Kalimantan, with several French and Dutch companies being potential partners. […]
The Ministry of Public Works and Public Housing (PUPR) has initiated a tender for the construction of the VVIP airport in the IKN. The project has a budget of IDR 4.286 trillion, funded by the 2023 State Budget (APBN). The tender announcement was posted on the official website on September 29, 2023. […]
The recent turmoil on Rempang Island has its roots in an investment project that has been ongoing since 2001. PT Makmur Elok Graha, a subsidiary of the Artha Graha group owned by Tomy Winata, has held the concession for developing a 16,583-hectare business, industrial, residential, and tourism center on the island since 2001. […]
The Jakarta-Bandung High-Speed Rail (KCJB) project has once again come under public scrutiny in Indonesia due to the government’s willingness to guarantee debt payments to China for the project.  […]
Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment, revealed that Chinese electric vehicle (EV) manufacturer Geely, and BYD is interested in contributing to the EV ecosystem and development in Indonesia.  […]
EdgeConneX, a hyperlocal to hyperscale global data center company based in the United States, has inaugurated a data center in Indonesia, specifically in Cikarang, West Java. […]
The Ministry of Public Works and Housing (PUPR) in Indonesia is set to build 23 dams in 2024, marking a 54% increase in the dam construction budget from IDR 13.99 trillion in 2023 to IDR 21.56 trillion. […]
Sandiaga Uno, the Indonesian Minister of Tourism and Creative Economy has revealed that 25 companies from various countries, including India, the United Arab Emirates, China, France, and Poland, are currently exploring investment opportunities within Indonesia’s tourism sector. […]
Telekomunikasi Indonesia Internasional (Telin), a subsidiary of PT Telkom Indonesia (Persero), is highly optimistic about Indonesia’s potential to become a global hub for undersea cables and data centers.  […]
The logistics industry in Indonesia is currently heavily dominated by foreign companies, a fact highlighted by data from the Indonesian Digital Economic Logistics Association (ALDEI). ALDEI’s data reveals that several large companies, mostly owned by foreign entities, now command approximately 70% of the market share, while domestic players control the remaining 30%. […]
The National Capital Authority (OIKN) has announced that the private sector is gearing up to embark on the construction of 200 apartment towers. This exciting venture will be undertaken by a consortium of 10 companies, bringing a wave of optimism for the local community. […]
Erick Thohir, The Minister of State-Owned Enterprises (BUMN), has called upon Indonesian state-owned enterprises to take proactive steps in identifying and leveraging opportunities, especially within the Southeast Asian region (ASEAN). […]
Two consortiums, Summarecon and Nusantara, will start building 66 apartment towers in the National Capital City (IKN) next month. […]
Indonesia’s extensive 12-month effort to attract investment from billionaire Elon Musk appears to have encountered a setback as Musk has chosen to establish Tesla’s Southeast Asian main office in Selangor, Malaysia, a neighboring country. […]
PT Itsec Asia Tbk (CYBR) sets eyes on extra capital via its initial public offering (IPO) of 1 billion shares to strengthen its cybersecurity teams in three countries: Indonesia, Singapore, and Australia. […]
Bahlil Lahadalia, the Minister of Investment, said that private investors will conduct a groundbreaking project for the State Capital (IKN) in September 2023, with a total fund of up to IDR 40 trillion. […]
Thales, a global technology company from France and the National Capital Authority (OIKN) have signed a Memorandum of Understanding (MoU) on July 25, 2023 for the development of a smart city in IKN. […]
Acquisition of domestic multifinance company by foreign financial companies continues are increasing as foreign companies hoped to tap into Indonesia’s massive credit market. […]