Business | Jakarta Globe

The merger would cement the surviving entity's position as the second-biggest mobile operator in Indonesia.

A Covid-19 vaccine the company helped develop with South Korea's Genexine would add a boost to Kalbe expansion.

Indonesia's and South Korea's $9.1 billion electric car battery project has gotten a boost after the two countries signed a trade deal.

DECEMBER 19 #COMMODITY

Waresix currently operates in more than 100 cities in Indonesia and manages over 40,000 trucks and 375 warehouses.

Indonesia's e-commerce decacorn Tokopedia has appointed Morgan Stanley and Citi as advisors to speed up a process to go public.

Indonesia posts a $2.62 billion surplus in November thanks to improving coal and palm oil exports.

DECEMBER 15 #ECONOMY

Elon Musk will send a team to Indonesia next month to look into details about the investment opportunities.

Pertamina has targeted to increase oil production by 67 percent to 700,000 barrels per day in 2026 from 420,000 barrels per day.

Matahari Putra Prima, one of Indonesia's largest retailers, has sealed a partnership with Tokopedia.

Indonesia has announced on Thursday to increase cigarette excise by an average of 12.5 percent in 2021.

DECEMBER 10 #COMMODITY

Toyota plans to introduce 10 electric vehicles to the Indonesian market as part $2 billion investment over the next five years.

It marks the fund's speedy development that may hold the key for the Southeast Asian country's infrastructure ambitions.

DECEMBER 05 #ECONOMY

Smallholder farmers are the most important stakeholder in the palm oil sector, but are at the same time the most vulnerable.