IFC Approves USD 275 Million Loan to Indonesia’s Trans Corp

Mar 1, 2019

International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of USD 275 million to PT Trans Corpora (Trans Corp), a wholly owned subsidiary of CT Corp. CT Corp is a diversified Indonesian-based holding company, active in the...

Indonesia and Australia Sign Economic Partnership Agreement

Mar 1, 2019

On 4 March 2019, Indonesia and Australia signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). Indonesia, which is expected to be the world’s fifth-largest economy by 2030, was Australia’s 13th largest trading partner in 2018. The...

Indonesia and UK Sign Low Carbon Energy MoU

Mar 1, 2019

On 20 February 2019, the United Kingdom and Indonesia signed a Memorandum of Understanding (MoU) on low carbon Energy development. Under the MoU, the UK will provide a USD 19.5 million grant to fund programs across Indonesia over the period of four years, starting...

Indonesia opens up Universities and Hospitals to Foreign Investment

Mar 1, 2019

The Investment Coordination Board (BKPM) of Indonesia revealed that government is considering revising its Negative List (Daftar Negatif Investasi) to allow foreigners to operate foreign universities and hospitals in the country. Under the new proposed regulation,...

iPhone Manufacturer Commencing Operation in Batam, Indonesia

Mar 1, 2019

Pegatron Corporation, an Apple’s iPhones manufacturer, is looking to start production in April this year after it confirmed the rental of a 2-hectare factory in Riau Islands in Batam. The Taipei-based company’s investment is estimated to reach up to USD 300 million,...