Wednesday, February 19, 2020
Bintan island is a small but strategically placed island that is owned by Indonesia. Located just a short 45km south-east of Singapore and the Malaysian state of Johor, Bintan is a highly sought after destination for holidaymakers as well as being one of key investment destinations for Malaysian investors. The...
Indonesia today revealed the site for its new US$33-billion capital on the island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea. President Joko Widodo told a news conference in Jakarta, the new capital will straddle the regions of North Penajam...
In an effort to cut down it’s reliance on foreign funding, Indonesia is looking to an alternative new growing source of funding from within, digitally and tech savvy millennials. The latest two-year bond, dubbed by the media as “James Bond” due to the 007 series number, was one of the...
SoftBank to Invest US$2 billion through Grab to Grow Indonesia’s Digital Infrastructure Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a...
Technology is giving smaller companies in Indonesia ‘virtual scale’ needed to compete  Ninety-eight percent of small and medium-sized businesses doing cross-border trade in Indonesia are focusing on global growth and expect export revenues to grow over the next few years, according to research by online freight service Shipa Freight. Shipa Freight’s global...
Indonesia plans to start building its longest sea bridge next year to connect two islands near Singapore and boost growth and trade with the neighboring hub. The seven-kilometer (4.3-mile) bridge connecting Batam and Bintan will cost as much as 4 trillion rupiah (US$284 million) and construction is set to...
For those that are unaware, the bajaj (pronounced as ‘buh-juhy’) is the iconic three-wheeled rickshaw taxis that are a common sight in Jakarta and named after the initial manufacturer in India. The taxi has more or less become synonymous with the city itself. Bajaj fares are generally cheaper than regular...
With the revocation of Indonesia Finance Ministry on e-Commerce tax (No.210/PMK.010/2018) earlier this year, shockwaves have been made among local and international business owners. While the country has deemed tax revenue as a top priority of action, the Indonesia e-Commerce industry is still in its infancy stage and additional...
Jakarta, 14 June 2019 – A new survey conducted by SME Magazine reveals that boosting the engagement of small and medium enterprises (SMEs) in Indonesia could help sustain the country’s economic growth. SMEs in Indonesia continue to grow, not withstanding global economic uncertainties and a more challenging marketplace. “While the...

News on 7 May 2019

Headlines: Bank Rakyat allocates RM200m for OGSE vendors Malaysia recovers US$322 mln of 1MDB assets E-hailing drivers don't have to change status of vehicles to e-hailing private vehicles Malaysia Tourism City project will add 2 million tourist arrivals to Melaka Amazon casts itself as friend of small businesses Singapore...

Newsdesk: 26 April 2019

Headlines: PM Mahathir expresses Malaysia's support for China's Belt and Road initiative Proton cars assembled in Pakistan to hit the roads in 2020 Deal will see more Chinese investments along ECRL Resorts World Genting to host Batman´s 80th Anniversary Indonesia to launch Sharia Economy Masterplan in May PM Mahathir expresses...
Coca-Cola Amatil (CCA), one of Coca-Cola’s major bottlers, has announced that it will establish its operations in Indonesia through its corporate venture capital (CVC) fund, Amatil X. The firm aims to engage with local start-ups and build entrepreneurial capability in the ecosystem. “The move aims to capitalise on Jakarta’s fast-growing...

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