Private Equity Fund Led By Former World Bank Boss to Invest $3b in Indonesia: Luhut
Source: Jakarta Post, December 16 2019 Private equity fund Global Infrastructure Partners (GIP) is interested in investing in three projects in Indonesia, a high-ranking official has said. The GIP’s total investments could reach around US$3 billion, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said…
Seven Things You Need To Know About the New E-Commerce Regulation
Source: Jakarta Post, December 12 2019 Government Regulation No. 80/2019 on e-commerce came into effect immediately after being signed by President Joko “Jokowi” Widodo on Nov. 25 and applies to domestic and foreign e-commerce companies alike. The regulation lays out a number of rules related…
Sustainability Investing Takes Off in Southeast Asia
Source: Jakarta Post, December 16 2019 BY: Suvir Varma, Alex Boulton and Usman Akhtar Private equity and venture investors in Southeast Asia are betting on something new — sustainability. Bain research shows a significant increase in capital flowing to companies that contribute to environmental and…
Trade War: US, China Reach ‘Historic and Enforceable’ Phase One Deal
Source: South China Morning Post, December 13 2019 China and the United States have made a breakthrough in trade negotiations, with a consensus agreement reached for a phase one deal that will halt further tariff increases and lower some already in place, vice-minister of commerce…
EU hits Indonesian Biodiesel with Import Duties Over Subsidies
Source: Reuters, December 9 2019 By: Philip Blenkinsop BRUSSELS (Reuters) – The European Union confirmed tariffs on Indonesian biodiesel imports on Monday to counter what it sees as unfair subsidies, the latest blow to producers after the bloc ruled that palm oil should be phased…
Indonesia Targets Starting Up EV Battery Plants in 2023
Source: Reuters, December 10 2019 JAKARTA (Reuters) – Indonesia is aiming to start making lithium batteries for use in electric vehicles in 2023, alongside plants that are already slated to produce chemicals used in the batteries, according to the minister who oversees the energy and…
Fintech Users Need Individual Measures to Protect Data as Indonesia Finalizes Bill
Source: Jakarta Post, December 10 2019 Financial technology (fintech) users need to step up their game in ensuring they own safety to protect their data while the government has yet to finalize the much-awaited personal data protection bill. Regulations and industrial standards on private data…
ICT sector gains strength as Indonesia prioritizes digital economy
Source: Oxford Business Group, December 10 2019 A series of new digital infrastructure projects are strengthening Indonesia’s information and communications technology (ICT) sector as the country prioritizes the digital economy as an area of growth. In late September, Japanese telecom giant NTT announced it would…
Jokowi Named 2019 Asian of the Year by ‘The Straits Times’
Source: Jakarta Post, December 5 2019 Singaporean daily The Straits Times has named Indonesian President Joko “Jokowi” Widodo as its 2019 Asian of the Year for “dexterity and nous in navigating the tricky cross-currents of domestic politics and international affairs”. This year has been a tumultuous one for the…
UPDATE 1–Indonesia Allows Nine Companies to Resume Nickel Ore Exports
Source: Reuters, November 11 2019 (Adds details, coordinating minister comments) JAKARTA, Nov 11 (Reuters) – Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Heru Pambudi, the director general of the country’s customs office, said…