USD 5.4 Billion to be Invested in Second Phase of Jakarta MRT

Aug 1, 2019

PT MRT Jakarta is planning to extend the Mass Rapid Transit (MRT) track over the next seven years. The total investment needed is estimated to be USD 5.40 billion.  The first phase of the MRT running 8 kilometers from the South to Central Jakarta was opened in April...

PT Lloyd Pharma Indonesia Signs Licensing Agreement for HIV Drugs

Jul 1, 2019

San Diego, California-based Viriom Inc. signed a licensing agreement with PT Lloyd Pharma Indonesia for Elpida as well as other drugs from Viriom’s HIV (human immunodeficiency virus) and HBV (hepatitis B virus) portfolio. Viriom’s agreement with PT Lloyd will enable...

Three SOEs Form Partnership to Develop Industrial Estates in Sebang

Jul 1, 2019

Construction firm PT Wijaya Karya (Wika), Manufacturing company PT Rajawali Nusantara Indonesia (RNI) and plantation company PT Perkebunan Nusantara VIII (PTPN VIII) have signed a Memorandum of Understanding (MoU) to develop four industrial estates in Subang, West...

Garuda Indonesia to Use Drones for Cargo Transportation

Jul 1, 2019

Garuda Indonesia (Garuda), the national airline of Indonesia, has announced plans to set up a fleet of 100 unmanned aircraft  or drones for cargo transportation within the next five years. Garuda will set up a venture to procure the drones from China-based Beihang...