#Infrastructure
Private sector companies collaborates with government to build 200 apartment towers in IKN
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.
Indonesian state-owned enterprises to embrace active engagement in ASEAN across key sectors
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).
Jokowi's push for EV hub status gains momentum with Mitsubishi Fuso and Hozon
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.
ITSEC Asia (CYBR) soars 35% after succesful IPO, bolstering its cybersecurity forces
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.
IKN receives IDR 40 trillion funding from domestic investors, groundbreaking scheduled for September 2023
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 committed in developing smart city IKN focusing on cyber security, data centers and others
Thales Group, a global technology company from France and the National Capital Authority (OIKN) of Indonesia have signed a Memorandum of Understanding (MoU) on July 25, 2023, for the development of a smart city in IKN.
Foreign investor eyes Indonesian multifinance sector
The acquisition of Indonesian multifinance entities by foreign financial companies is on the rise, with the recent example being MUFG Bank Ltd, a Japanese financial group, acquiring PT Mandala Multifinance Tbk (MFIN).
Bahlil Lahadalia holds talks with UL Solutions for EV battery testing facility
Bahlil Lahadalia, Indonesia's Investment Minister and Head of the Investment Coordinating Agency (BKPM), met with Underwriters Laboratories (UL) Solutions, a global company specializing in product certification and testing, in the United States on June 26, 2023.
National Capital City (IKN) project advances with construction of residential towers and key infrastructure development
The National Capital City Project (IKN) for June 2023 continues with various government infrastructure developments for various agencies.
Patimban port construction to be completed in 2029
The Patimban Port, located in West Java, is one of the National Strategic Projects (PSN). With a total investment value of IDR 40 trillion, the entire development of the port is targeted to be completed by 2029.
DP World partners with Pelindo for US$ 400 million investment in BNCT drives economic growth in Indonesia
Dubai Port World, a port operator company from the United Arab Emirates (UAE) is collaborating with PT Pelindo (Persero) in the field of investment and operation of a new container terminal in Belawan New Container Terminal (BNCT), North Sumatra worth US$ 400 million.
ST Telemedia and Temasek launched first data center in West Java
PT ST Telemedia Global Data Centres Indonesia (PT STT GDC Indonesia) has launched its first data center, STT Jakarta 1, in Bekasi, West Java.