Indonesian Logistics Startup Waresix Raises Series-B Funding

Indonesian Logistics Startup Waresix Raises Series-B Funding

Sep 11, 2020

Waresix, an Indonesian logistics startup company, raised USD 100 million for its Series-B funding round. Investors include existing backers, EV Growth and Jungle Ventures as well as new backers such as SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, and...
Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank Acquires Indonesia’s Tifa Finance

Sep 11, 2020

Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia.  KDB is a state-owned bank established in 1954 for the purpose of supplying capital to help develop Korean industries and the national economy....
Indonesia Develops Seven Irrigation Networks

Indonesia Develops Seven Irrigation Networks

Aug 1, 2020

The Ministry of Public Works and Public Housing (PUPR) has developed seven irrigation networks to support the country’s economic setback due to COVID-19 pandemic. Besides the additional irrigation systems, the Ministry also looks to build several dams throughout...
Indonesia Grapples with Increasing Medical Waste

Indonesia Grapples with Increasing Medical Waste

Aug 1, 2020

The development of COVID-19 has put the issue of medical waste in Indonesia in the spotlight. According to the Indonesian Environmental Scientists Association (IESA), there has been a surge of 70% of medical waste, ranging from PPE, syringes and intravenous lines,...
Indonesia Plans Purchase of Eurofighter Typhoon Jet Fighters

Indonesia Plans Purchase of Eurofighter Typhoon Jet Fighters

Aug 1, 2020

The Indonesian Defense Minister, Prabowo Subianto, has expressed interest in buying 15 second-hand Eurofighter Typhoons from the Austrian Air Force, stating that the procurement aimed to modernize the country’s Air Force. Austria purchased the 15 Typhoons back in 2002...