Indonesia focuses efforts towards developing electric vehicle ecosystem
JAKARTA -Indonesia’s state-owned oil company PT Pertamina (Persero) and other state enterprises that are part of Indonesia Battery Holding (IBH) are currently focusing efforts towards developing an electric vehicle (EV) ecosystem in the Southeast Asian country. In addition, they are working towards accelerating the development of the EV battery…
Jokowi Targets 182 Million Indonesians Get Covid-19 Vaccine This Year
JAKARTA -President Joko Widodo or Jokowi calculated that 182 milion Indonesians can get Covid-19 shots in 2021, under the requirement that the inoculation must be executed with maximum effort. “Our target is [the vaccination to] 182 million people must complete by the end of this year,” he…
Civil servants, religious figures, journalists among groups set for 2nd phase of COVID-19 vaccinations in Indonesia
JAKARTA – Indonesia has identified groups within society who are set to receive the COVID-19 vaccine soon, with journalists, athletes, and civil servants included among them. The Health Ministry said the second phase of vaccinations — set to follow immediately after the first phase for…
Garuda Indonesia Reduces Leased CRJ1000 Fleet
JAKARTA-What’s known is that Garuda Indonesia did a deal with Canada’s Bombardier to acquire six CRJ1000 aircraft through Export Development Canada (EDC). Those planes include PK-GRA, PK-GRC, PK-GRE, PK-GRF, PK-GRG, and PK-GRH. Then, Garuda Indonesia also did a second deal to lease a further 12…
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…
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,…
World Economic Forum: The Davos Agenda 2021
JAKARTA -Last year the global economy contracted by more than 5%, according to World Bank forecasts, with most countries falling into recession. This session will look at how businesses and governments can collaborate more effectively to restore growth sustainably while boosting productivity and sharing prosperity….
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…