#Technology
NITG expands into Indonesia, enhancing presence in the Asian market
NITG Inc., a leader in developing cutting-edge cryptocurrency quantitative AI technology, is set to expand its operations to Indonesia, marking its first major move into the Asian market.
Nickel miners support integrated information system SIMBARA
Secretary General of the Indonesia Nickel Mining Association (APNI), Meidy Katrin, said her association supports the development of Simbara, the information system of mineral and coal resources.
Global investors flock to Indonesia's Nongsa Digital Park for data center development
The Coordinating Ministry for the Economy reveals that there are six new investors lining up to invest in the construction of a data center in Indonesia located in the Nongsa Digital Park, Special Economic Zone (SEZ), Riau Islands province.
Global power, multipolarity and the new administration
Global PowerGlobal Power is a nation's or entity's ability to influence or control events worldwide. This power can be political, economic, military, or cultural. It is dynamic, changing with geopolitical shifts, economic trends, technological advancements, and cultural developments. Countries aim to boost their global power to gain more influence and security internationally.There are eight key parameters of global power: economic strength, military capability, technological innovation, political influence, energy resources, cultural influence, regional dominance and policy alignment. Based on these parameters, the top seven states currently considered as global powers are the United States, China, the European Union (EU), Russia, India, Japan, and Germany.Large multinational corporations can also wield significant global influence, though they are not traditionally categorized as global powers in the same way countries are. Corporations with significant global influence among other things are Apple inc., Amazon, Microsoft, Alphabet Inc. (Google), Saudi Aramco, Samsung and Tesla, Inc.Various institutions, research centers, and organizations regularly publish rankings of countries across different dimensions of power. For example, the Global Firepower Index, released annually by Global Firepower, assesses military strength based on factors like manpower, equipment, and defense budget. In terms of economic strength, the Economist Intelligence Unit publishes the annual Global Economic Prospects report, analyzing economic trends, growth prospects, and risks worldwide. Lastly, the United Nations Development Programme (UNDP) compiles the Human Development Index (HDI), which measures well-being based on health, education, and standard of living.
PSN collaborates with India's Elena Geo Tech to develop satellite-based PNT system
Indonesian satellite company, PT Pasifik Satelit Nusantara (PSN), is partnering with Bengaluru-based navigation product manufacturer, Elena Geo Tech Pvt Ltd, to develop Indonesia's satellite-based Positioning, Navigation, and Timing (PNT) system.
Indonesia's e-commerce market set to surpass US$53 billion by 2025
Indonesia's e-commerce market is forecasted to exceed US$53 billion (Rp866 billion) by 2025, reflecting increased consumer confidence in online shopping and improving digital payment systems.
Evermos plans for IPO in 2026 as social commerce booms in Indonesia
Evermos, a Bandung-based startup in the social commerce sector that connects local suppliers and small distributors, has planned to issue initial shares, or initial public offering (IPO), in 2026.
SOE Hospital Holding establishes synergy with IJN Malaysia
Jakarta, June 4, 2024 − PT Pertamina Bina Medika Indonesia Healthcare Corporation (IHC), a state-owned hospital holding, signed a Memorandum of Understanding (MoU) with the National Cardiac Institute (IJN) of Malaysia. The collaboration is conducted to strengthen the field of health training and advance medical science in Indonesia.
PGN repays remaining US$396 million bonds on time
Jakarta, May 27, 2024 − PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, has paid off the remaining bonds worth US$396,709,000 in accordance to the maturity date as part of the repayment of the overall bond value of US$1.35 billion issued in 2014 and listed on the Singapore Exchange.
ILO, trade unions launch grievance applications for Indonesian garment workers
JAKARTA – The International Labour Organization (ILO), along with three trade unions on garment, on Sunday, May 26, 2024, launched a grievance application for the Indonesian garment workers.
President Jokowi launches 'INA Digital', accelerates integration of services
JAKARTA - President Joko “Jokowi” Widodo launched Government Technology (GovTech) digital application called 'INA Digital' in Jakarta on Monday, May 27, 2024.
Anti-monopoly agency finds indication of law violation by Lazada
Jakarta, May 27, 2024 − The Business Competition Supervisory Commission (KPPU) has found indications of violation of Law No. 5/1999 on prohibition of monopolistic practices by Lazada Indonesia (PT Ecart Webportal Indonesia).