Wika to Introduce Less Expensive Electric Motorcycle
JAKARTA – Wijaya Karya, a state-controlled construction company and electric motorcycle maker, plans to introduce a cheaper two-wheeler than what the company currently produces, cementing its leading position in the nascent industry. The company, also known as Wika, today makes electric motorcycles under the Gesits…
Luhut Makes Push for Gasoline Car Restrictions
JAKARTA – Chief Investment Minister Luhut Binsar Pandjaitan is calling for a sound policy to restrict the sales of fossil fuel vehicles and accelerate electrification in a lengthy Instagram post on Sunday. “I received data from the automotive industry indicating that the average fuel consumption…
Indonesia readying legal foundation for blue economy implementation
SEMARANG – The Indonesian Government is preparing a legal foundation for implementing the blue economy strategy, which pays attention to ecology and maritime ecosystems to realize healthy, safe, resilient, and productive oceans. “The legal foundation is being prepared, hopefully, it can be completed soon,” Maritime…
Jokowi tells local government to curb transport costs to contain inflation
JAKARTA – President Joko “Jokowi” Widodo said on Wednesday he had ordered provincial governments to use their budgets to rein in transportation costs and counter the inflationary impact of last week’s fuel price hike. Under pressure to control a swelling energy subsidy budget Jokowi hiked…
G20 must discuss energy transition in developing nations: T20
Bali – The meeting between G20 leaders in November 2022 must pay attention to and discuss the energy transition in developing countries, lead co-chair of T20 Indonesia, Bambang Brodjonegoro, has said. “Energy transition for developing countries is an expensive, severe process that requires much sacrifice,”…
House approves membership of RCEP regional trade deal
JAKARTA – Indonesia’s House of Representatives on Tuesday passed a law cementing the country’s membership in the Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world’s biggest trade bloc. Lawmakers also ratified a bilateral trade pact with South…
Singapore Fintech Association Business Seminar & Networking – Day 2
AFTECH: Indonesia’s Fintech Market Offers A Multi Trillion Rupiah Business Opportunity JAKARTA, August 24, 2022 – The growth of the digital economy in Indonesia promises great investment opportunities not only for local investors but also for foreign investors. Moreover, recently, the government has continued to…
Singapore Fintech Association Business Seminar & Networking – Day 1
Discussing Regulations and Investment Opportunities in the Digital Economy Sector, Singapore Fintech Association and Synthesis Communication Indonesia Presents Deputy Minister of Trade Jerry Sambuaga JAKARTA, August 23, 2022 – The growth of the digital economy in Indonesia promises great investment opportunities not only for local…
IEF Joins Singapore Blockchain Week Conference
How will blockchain drive ASEAN’s digital economy? According to recent reports, ASEAN’s digital economy could be worth more than US$300 billion by 2025. Can blockchain technology boost the region’s digital economy to even greater heights? Our founder, Shoeb Kagda, will moderate a panel titled: Boosting…
Minister targets creating 4.4 million jobs in creative economy sector
Tangerang – Tourism and Creative Economy Minister Sandiaga Uno has targeted the creative economy sector to absorb 4.4 million domestic workers by 2024. “In 2022, our target is to create 1.1 million new jobs, and (we will) continue to encourage it to reach 4.4 million…