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Three SOEs Working on Solar Power Plant Projects in Congo

JAKARTA (TheInsiderStories) - Three state-owned firms, PT Len Industri, PT Barata Indonesia, and PT Indonesia Kereta Api (INKA) are expanding their business to Africa after signed...

Indonesia, US Collaborates in Infrastructure Financing and Financial Market

JAKARTA (TheInsiderStories) - Indonesia and United States (US) ministry of finance have agreed to cooperates on the infrastructure financing and financial market development, said...

Indonesia’s BoP Surplus US$9.2B in 2Q of 2020

JAKARTA (TheInsiderStories) - Bank Indonesia reported the balance of payments (BoP) of the country had a large surplus US$9.2 billion in the second quarter...

Indonesia Offers 10 Oil and Gas Working Areas in This Year

JAKARTA (TheInsiderStories) - Indonesian government offers 10 oil and gas working areas in this year, said the official on Wednesday (08/05). The projects include direct offers for...

Global Investment in Upstream Businesses to Fall 30% in 2020

JAKARTA (TheInsiderStories) - Head of the special task force for upstream oil and gas business activities (SKKMigas), Dwi Soetjipto, sees the global investment in these...

Indonesia Prepares West Java’s Subang as an Industrial Zones

JAKARTA (The InsiderStories) -  Indonesia prepares Subang Regency in West Java also known Rebana areas as a new industrial zones as part the government' efforts...

More Investor Invests in Indonesia’s Lithium Battery Projects

JAKARTA (TheInsiderStories) - The industry ministry had accept various investment commitments in the lithium battery projects in Indonesia. PT QMB New Energy Minerals has commit to invest...

COVID-19 Has Significant Impact on Property Investment in Asia Pacific

JAKARTA (TheInsiderStories) - The impact of the COVID-19 pandemic on the property market in the Asia Pacific was stronger in the second quarter of...

Taiwanese Meiloon Builds New Factory in Indonesia

JAKARTA (TheInsiderStories) - Taiwanese company, Meiloon Group relocated its electronic factory from Suzhou, China to Subang in West Java. The new project managed by PT Meiloon...

Weekly Briefing: COVID-19 and US – Chinese Tension Still a Major...

JAKARTA (TheInsiderStories) - Good Morning! This week, National Investment Coordinating Board has agenda to release the investment realization in the second quarter of 2020. In the...

Indonesia’s Gunung Raja Paksi Prepares US$850M to Build Steel Plant

JAKARTA (TheInsiderStories) - Local steel producer, PT Gunung Raja Paksi Tbk (IDX: GGRP) is preparing an investment of US$850 million to build a steel plant, the...

Seven Foreign Firms will Relocates Factory to Indonesia

JAKARTA (TheInsiderStories) - Seven foreign firms from the United States (US), Japan, Taiwan and South Korea ready to relocates their factories to Indonesia, said head of...

West Java Offers Investment Projects US$50B to Investors

JAKARTA (TheInsiderStories) - The West Java regional government offers around 209 investment projects with a value around Rp700 trillion (US$50 billion), said the governor in an...

Indonesia to Connects Trans Java Toll Road to Bali Island

JAKARTA (TheInsiderStories) - Indonesia' public works and public housing minister Basuki Hadimuljono said, the government would extend the Trans Java toll road from its...

Hyundai, LG Chemical to Set Up EV Factory in Indonesia

JAKARTA (TheInsiderStories) - Two major firms, Hyundai Motor Group and LG Chemical are working to set up an electric vehicle (EV) battery plant in Indonesia, South...

Indonesia Regulates Government Investment During COVID-19 Pandemic

JAKARTA (TheInsiderStories) - Finance ministry of Indonesia finally ratified the derivative rules of Government Regulation Number 63 of 2019 by issued the ministerial decree Number 53 of...

Taiwan’s CPC, Pertamina to Build Petrochemical Complex in West Java

JAKARTA (TheInsiderStories) - A joint petrochemical complex planned by CPC Corp., from Taiwan and state-owned energy producer, PT Pertamina is to be built in Balongan, West Java,...

Indonesia’s Konimex Invests US$7M in e-Retailer Iuiga

JAKARTA (TheInsiderStories) - Conglomeration firm, Konimex Group, led Series A Funding with total amount of S$10 million (US$7.04 million) in e-retailer Iuiga, it said today (05/13)....

Indonesia Offers Six Infrastructure Projects More Than US$5B

JAKARTA (TheInsiderStories) - Indonesia offered six toll road and bridge projects across the archipelago with total investments Rp80.8 trillion (US$5.37 billion), said the government official last...

Bars Motors Build Electric Vehicles Plant in Indonesia

JAKARTA (TheInsiderStories) - Mongolian firm, Bars Motors LLC, to construct an electric vehicles assembly plant in Bumi Benowo land owned by developer and warehouse company, PT Bumi...

Indonesia’s GoJek Finalizes the Acquisition of Moka

JAKARTA (TheInsiderStories) - Indonesia’ decacorn, GoJek, has acquired the mobile point of sales provider, Moka, for Rp1.68 trilion (US$108.39 million). Now, the company awaits business competition supervisory commission...

Weekly Briefing: Investor Awaits Updating COVID-19 Impacts

JAKARTA (TheInsiderStories) - Good Morning! The week ahead sees around 500 American (US) companies report earnings, providing an initial insight into how the COVID-19...

Indonesia’s Kargo Secures Series A Funding US$31M

JAKARTA (TheInsiderStories) - Indonesia' freight logistics firm, Kargo Technologies, has secured Series A Funding round worth of US$31 million led by Silicon Valley-based Tenaya Capital. Other...

10 Infrastructure Projects Excludes from Indonesia’s NSP List

JAKARTA (TheInsiderStories) - The Indonesian government has decided to exclude 10 infrastructure projects from the National Strategic Project (NSP) list, said senior ministers today (04/16)....

Indonesia’s KoinWorks Raises Debt and Equity Funding US$20M

JAKARTA (TheInsiderStories) - KoinWorks raised debt and equity funding worth of US$20 million from investors such as Quona Capital, EV Growth, Saison Capital, One of the...

Investree Bags US$23.5M from Japan’s Mitsubishi, BRI Ventures

JAKARTA (TheInsiderStories) - P2P lender, Investree, has raised the first tranche of its new series C funding round worth of US$23.5 million to fuel its business...

Indonesia’s Investment Realization Rises 6% in 1Q 2020

JAKARTA (TheInsiderStories) - Indonesian Investment Coordinating Board is estimating the investment realization in first quarter (1Q) of 2020 rises six percent compared to same period...

Five Investors Eyes Indonesia’s Infrastructure Projects

JAKARTA (TheInsiderStories) - Prospective investors expressed their interest in five public private partnerships (PPP) projects offered by the public works and public housing, said the...

Indonesia, Netherlands Signs 25 Business Agreements EUR1B

JAKARTA (TheInsiderStories) - Indonesian and Dutch businessmen signed 25 agreements with total amount EUR1 billion (US1.14 billion) during the visit of Dutch King Willem Alexander...

Morning Briefing: BI Sees Indonesia Economy Rebound in 2Q

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia believes there is an economic rebound in the second quarter (2Q) of 2020 due to the coronavirus outbreak. The...