Ooredoo Group announces net profit of QR1.1bn in 2020
JAKARTA- Ooredoo Group has posted a net profit of QR1.1bn in 2020, which was down 35% year-on-year mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. In Q4, 2020 the net profit was “negatively impacted” by foreign exchange…
Eni tipped to takeover giant Chevron project in Indonesia by March
JAKARTA – SKK Migas, Indonesia’s upstream regulator, expects Eni to takeover Chevron’s giant Indonesia Deepwater Development (IDD) during the first quarter 2021. If the move comes to pass, expect other potential buyers, that could include Pertamina, Sinopec, Neptune Energy and Saka Energi, to be in…
Australia Seeks to Bolster Agricultural Trade to Indonesia
JAKARTA -After a year of bushfires, floods, and drought, the Australian agricultural industry is on the road to recovery. One of the countries that will play a major role in helping heal this industry is Australia’s biggest neighbor, Indonesia. Several factors may add the pace…
Deep Dive on Indonesia’s Gotong Royong Vaccination Program
What is the Gotong Royong Vaccination Program? The Gotong Royong Vaccination Program is a program that is aimed at companies/entrepreneurs to provide vaccinations for employees/employees’ families. This is an optional program as the Government has also established a National Covid-19 vaccination program which is given…
Top 10 Foreign Direct Investors in Indonesia Over The Past 5 Years in Million US Dollars
China has over taken Japan as the second largest foreign investor in Indonesia after Singapore in 2019 when it doubled its investments to US$4.7 billion from US$2.4 billion in the previous year. In the fourth quarter of 2019 alone, Chinese investments accounted for just over…
Indonesia’s Q4 GDP shrinks more than expected, first full-year contraction since 1998
JAKARTA- Indonesia’s gross domestic product fell slightly more than expected in the fourth quarter and suffered its first full-year contraction in over two decades in 2020 as Southeast Asia’s largest economy grappled with the COVID-19 pandemic. GDP shrank 2.19% on an annual basis in October-December,…
AI strawberries and blockchain chicken: how digital agriculture could rescue global food security
JAKARTA -In May 2020, with technical support from the UN FAO, China Agricultural University and Chinese e-commerce platform Pinduoduo hosted a “smart agriculture competition”. Three teams of top strawberry growers – the Traditional teams – and four teams of scientific AI experts – the Technology teams…
Calls for Collaboration and Rebuilding Trust Set Tone for The Davos Agenda
JAKARTA – Setting the tone for the meeting, the key themes of the first day of the World Economic Forum Davos Agenda 2021 on Monday (January, 25) proved to be “trust”, “solidarity”, “respect”, “transparency” and “collaboration”. Chinese President Xi Jinping, making the first special address of the…
President Xi Jinping’s Speech at Davos Agenda is Historic Opportunity for Collaboration
JAKARTA – Chinese President Xi Jinping called for both greater global efforts in the fight against an unprecedented public health crisis and a renewed commitment to multilateral cooperation, in a special address on Monday to business, government and civil society leaders taking part in the World…
Global Business Leaders Support ESG Convergence by Committing to Stakeholder Capitalism Metrics
JAKARTA -A growing coalition of 61 top business leaders across industries announced today their commitment to the Stakeholder Capitalism Metrics, a set of environmental, social and governance (ESG) metrics and disclosures released by the World Economic Forum and its International Business Council (IBC) in September…