Companies make Rp92.3 trillion investment commitment: Indonesian govt
JAKARTA -Coordinating Economic Affairs Minister Airlangga Hartarto confirmed that companies had expressed commitment to invest Rp92.3 trillion in 19 special economic zones, out of which Rp32.76 trillion had been realized as of July 2021. “Until July, 166 investors had invested in special economic zones and…
Indonesia’s August exports hit record as resources boom
Indonesia’s exports hit a record high of $21.42 billion in August, boosted by surging commodity shipments, helping Southeast Asia’s biggest economy post its largest ever monthly trade surplus, official data showed. The resource-rich country’s August shipments rose 64.1% from a year earlier, according to data…
World Bank approves loan for hydropower plant in Indonesia
JAKARTA -The World Bank has approved a $380m loan for the development of the first pumped-storage hydropower plant in Indonesia. The loan will be used to build the 1,040MW Upper Cisokan plant located between Jakarta and Bandung. World Bank Indonesia and Timor-Leste country director Satu…
Tax reform to help Indonesia escape middle-income trap: minister
JAKARTA -Finance Minister Sri Mulyani Indrawati has said that tax reform is part of efforts to help Indonesia escape the middle-income trap. “To avoid the middle-income trap, we must conduct fiscal consolidation, particularly as a result of the pandemic, to create a sound state budget…
Indonesia to Benefit Economically from G20 Presidency: Minister
JAKARTA -Coordinating Minister for Economic Affairs Airlangga Hartarto is confident that Indonesia can reap economic benefits from its G20 presidency in 2022. “We are expecting an increase in domestic consumption by up to Rp 1.7 trillion [$119.2 million]. [The G20 presidency] will also add Rp…
Chief Patrick is Patron for Indonesia Economic Forum’s Climate Initiative
Name: Chief PatrickTitle: Founder of Clover Climate AllianceLinkedIn URL: linkedin.com/in/clover-chief-patrickPatron of the IEF Climate Change Initiatives We are pleased to announce that Chief Patrick, Founder of Clover Climate Alliance, has accepted the invitation to become the Patron of IEF – Climate Initiative. As the global community…
The Future of Work
By Jacob Morgan The work as we know is dead and the only way forward is to challenge convention around how we work, how we lead, and how we build our companies. Employees are evolving. Employees which were once thought of expendable cogs are the…
Indonesia Tells Banks to Disburse 30% of Loans to Small Firms
JAKARTA -Indonesia’s central bank will require lenders to disburse at least 30% of their loans to small companies, part of a broader effort to revive slow credit growth that’s stalled the economic recovery. Banks must allocate at least 20% of their total loans to micro,…
Alpha JWC, Gojek VC arm co-lead pre-series A round of Indonesian media app
JAKARTA -Indonesia-based audio content startup Noice has raised a seven-figure US dollar amount of pre-series A funding in a round co-led by Alpha JWC Ventures and Gojek’s investment arm Go-Ventures. Kinesys Group and Kenangan Fund – an angel investment fund that was initiated by Kopi Kenangan’s founders…
EHang 216 flying taxi to be tested in Bali, Indonesia this October – public will get to use service in 2022
JAKARTA -Earlier in April, Indonesian private car importer Prestige Image Motorcars announced that it would bring in the EHang 216, which is a passenger drone developed by Guangzhou EHang Intelligent Technology Co that is capable of being a flying taxi. The company recently revealed this month…