Grab Financial Group Raises $300m in Hanhwa-Led Series A Funding

Grab Financial Group or GFG has raised over $300 million in a Series A funding round led by Hanhwa Asset Management.

#SECURITIES

Biogas as LPG Alternative Can Be a Solution to Organic Waste: Think-Tank

According to PYC, biogas as an LPG alternative can promote energy security and help Indonesia overcome their organic waste problem.

JANUARY 14 #ENERGY & MINERALS

Waskita, Terregra Shares Jump to Year-Highs After Signing $899m Deal for Sumatra Renewable Projects

State-controlled construction company Waskita Karya has agreed to build seven hydroelectric power plants for Terregra Asia Energy in Sumatra

JANUARY 06 #CORPORATE NEWS

BI Will Continue Its Gov't Bond Buying Program Through 2021

Bank Indonesia, the country's central bank, has pledged its commitment to buy the governmet's bonds issuance in the primary market this year

JANUARY 04 #ECONOMY

In New Year Message, Jokowi Expresses Optimism about Departure from Covid Crisis

The president promises mass vaccination against coronavirus will commence in mid-January.

DECEMBER 31 #ECONOMY

China Datang Takes Over Sinarmas Group's Power Plants for $394m

China Datang Corporation, a power company controlled by the Chinese government, has acquired 75 percent shares in a local power company.

DECEMBER 30 #CORPORATE NEWS

Jakpro to Build $400m Waste-to-Energy Plant in East Jakarta

The plant will have a capacity of up to 2,300 tons of waste per day to generate up to 40,000 megawatts of electrical energy.

DECEMBER 29 #ENERGY & MINERALS

VISION

Medical Workers in Jakarta Get Their First Covid-19 Vaccine Jab

Sixty health workers at Puskesmas Cilandak have received their Covid-19 vaccine.

#EYEWITNESS

Indosat, Hutchison 3 Indonesia Confirm Merger Plan

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

DECEMBER 29 #CORPORATE NEWS

Kalbe Is Hopeful Genexine's Covid-19 Vaccine Ready by Q3 2021

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

DECEMBER 27 #CORPORATE NEWS

IK-CEPA Paves the Way for Indonesia-South Korea's $9.1b Battery Project

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 Acquires Freight Start-up Trukita

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

DECEMBER 18 #TRANSPORTATION

Tokopedia Appoints Advisors, Confirms Go Public Plan Is in Motion

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

DECEMBER 17 #CORPORATE NEWS

Indonesia Posts 7th Straight Trade Surplus in November

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

DECEMBER 15 #ECONOMY

Elon Musk to Look Into Potential Tesla, SpaceX Investments in Indonesia

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

DECEMBER 13 #CORPORATE NEWS

Pertamina Confident of Producing 700,000 bpd in 2026

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

DECEMBER 11 #CORPORATE NEWS

Hypermart Goes to Tokopedia

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

DECEMBER 10 #CORPORATE NEWS

Indonesia Hikes Excise in 2021 to Make Cigarette Unaffordable

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

DECEMBER 10 #COMMODITY

Toyota to Make 10 Types of EV in Indonesia as Part of Its $2b Investment Push Until 2025

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

DECEMBER 08 #CORPORATE NEWS

Japan Pledges $4b to Indonesia's Sovereign Wealth Fund

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

DECEMBER 05 #ECONOMY

Inclusive Closed-Loop Model Key to Improve Oil Palm Smallholders' Productivity and Livelihood: Kadin

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

DECEMBER 04 #SUSTAINABLE PALM OIL FOR ALL