PepsiCo Returns to Indonesia with $200 Million Investment
CIKARANG, 31 August 2023 – US food and beverage giant PepsiCo has announced a substantial investment of $200 million to build a new snack factory in Indonesia. This move marks the company’s return to the country after a four-year absence. The factory, located in the…
UK, Indonesia Extend Clean Energy Partnership with £6.5M New Funding
JAKARTA, 4 August 2023 – Indonesia and the United Kingdom on Friday agreed to extend the bilateral partnership for clean energy transition with £6.5 million (Rp 135 billion) in new funding and technical assistance from the UK to attract investment for renewable energy projects. Called…
TikTok in talks to gain Indonesian payments licence
JAKARTA, 4th August 2023 – TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambitions in a major market at a time when it is under intensifying scrutiny in the…
PUPR Ministry completes 10 development packages in IKN
JAKARTA, 28 July 2023 – The Public Works and Public Housing (PUPR) Ministry stated that 10 basic infrastructure development packages in the new capital city of Nusantara (IKN) had been completed, including Sepaku Semoi Dam, North Penajam Paser, East Kalimantan. “From the total of 75…
Sports ministry welcomes RI’s appointment as U-17 World Cup host
JAKARTA, 24 June 2023 – Minister of Youth and Sports Dito Ariotedjo stated that Indonesia welcomed its appointment as FIFA U-17 World Cup host, as decided by FIFA Council on Friday. “The Ministry of Youth and Sports welcomed FIFA’s decision to select Indonesia as host…
Japan’s emperor meets with Indonesian president on his first official foreign trip as monarch
BOGOR, 19 June 2023 — Japanese Emperor Naruhito met with Indonesian President Joko Widodo on Monday during his first official foreign trip since ascending the Chrysanthemum Throne in 2019. Widodo and first lady Iriana welcomed Naruhito and Empress Masako at the Bogor presidential palace, along…
TikTok to invest billions of dollars in Southeast Asia to boost e-commerce
JAKARTA, 15 June 2023 – Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security….
Indonesia, Malaysia to visit Brussels over concern about EU deforestation law
JAKARTA – The world’s two biggest palm oil producers Indonesia and Malaysia will send top officials to the European Union next week to voice concern over a new deforestation law they believe could be detrimental to small farming businesses. Indonesia and Malaysia accounts for about…
Indonesia, EU to Conclude Trade Deal Negotiations This Year: Official
JAKARTA – Indonesia and the European Union are aiming to wrap up the negotiations on their trade pact by the end of 2023, a Trade Ministry official said on Wednesday. Negotiations for the Indonesia-EU Comprehensive Economic Partnership Agreement (CEPA) have been going on since 2016….
Indonesia’s economic growth far above global average: IMF
JAKARTA – Indonesia has recorded better economic growth, far above the global average, and has been able to maintain it amid global uncertainty, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has said. She made the statement during a meeting with Indonesian President Joko Widodo…