#Infrastructure
Toll road tycoon Jusuf Hamka considers construction cost increase in Cisumdawu toll road not a significant issue
Jusuf Hamka, the owner of PT Citra Marga Nusaphala Persada Tbk (CMNP), stated that the construction cost of the Cileunyi-Sumedang-Dawuan (Cisumdawu) Toll Road has increased from IDR 8 trillion to IDR 11 trillion.
Jokowi completes 170 strategic projects during office term, minister says
During his term as President, Joko Widodo has successfully completed 170 National Strategic Projects (PSN).
French Tech Indonesia to hold an AI Summit, hoping to bring AI enthusiasts and entrepreneur together
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.
OIKN seeks investment opportunities and collaboration with MEDEF and Deltares for IKN project
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.
Rempang Island: the story so far
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.
Indonesia grapples with high costs and debt guarantees in Jakarta-Bandung high-speed rail project
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.
Geely and BYD considering EV investment in Indonesia
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 launches data center in Indonesia to tap into growing digital economy
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.
Indonesia's Ministry of Public Works and Housing to construct 23 dams in 2024 with a 54% increase in budget
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.
Foreign investors explore opportunities in Indonesia's tourism industry and super priority destinations
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.
Telkom's subsidiary aims to position Indonesia as a global connectivity hub
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.
Predatory pricing practices apparent in Indonesia's logistics and e-commerce sector
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).