Indonesia to Launch its Largest Islamic Bank

Indonesia to Launch its Largest Islamic Bank

Indonesia is launching its largest Islamic bank, Bank Syariah Indonesia (BSI), which is a merger between three state-owned Islamic banks: Bank BRI Syariah, Bank Syariah Mandiri and Bank BNI Syariah. Once the merger is finalized, BSI will be one of the largest sharia...

Unovis Invests USD 2 Million into Indonesian Plant-based Meat Startup

Unovis Asset Management has invested in Green Butcher, an Indonesian-based startup that is developing plant-based alternatives to chicken and beef using natural, whole-food ingredients. The USD 2 million funding will support additional R&D hiring and help the...
Indonesia Signs Close to 1,000 Infrastructure Deals

Indonesia Signs Close to 1,000 Infrastructure Deals

In 2021, the Indonesian Ministry of Public Works and Housing signed 982 infrastructure procurement packages worth USD 889.2 million as of January 15, 2021. To speed up national economic recovery, Indonesia is betting on government expenditure to offset contractions in...
German Company Wins Contract to Supply Engines to the Indonesian Navy

German Company Wins Contract to Supply Engines to the Indonesian Navy

A German company, MAN Energy Solutions, has won a contract from shipbuilder Abeking & Rasmussen to supply MAN 12V175D-MM engines for two mine-countermeasures vessels (MCMVs) to the Indonesian Navy. The new MCMVs will replace the two older Pulau Rengat-class MCMVs,...