Indonesia to Develop USD 4 Billion Polysilicon Industry

Indonesia to Develop USD 4 Billion Polysilicon Industry

Feb 20, 2022

Indonesia has plans to establish a USD 4 billion polysilicon industry amid efforts to boost the production of solar panels. Polysilicon is a vital material for solar panels, and prices soared to a 10-year high in 2021, driving local solar firms to boost production of...
Foxconn to Develop a Sustainable New Energy Ecosystem in Indonesia

Foxconn to Develop a Sustainable New Energy Ecosystem in Indonesia

Feb 20, 2022

Hon Hai (Foxconn), a global leader in smart manufacturing, signed an MoU in January 2022 with the Indonesian Ministry of Investment, Indonesia Battery Corporation (IBC), Indika Energy, and Gogoro, to jointly develop a sustainable new energy ecosystem in Indonesia that...
Indonesia Targets 33% Jump in Investment in 2022

Indonesia Targets 33% Jump in Investment in 2022

Feb 20, 2022

Indonesia recorded an FDI of IDR 454 trillion (USD 31.6 billion) in 2021, a 10% increase over the previous year. It aims to boost total investment by a third in 2022, bolstered by an influx of investment into its resource-processing sector. The country’s goal is...
Indonesia to Get 50 New Warships by 2024

Indonesia to Get 50 New Warships by 2024

Feb 20, 2022

Indonesia has revealed that a portion of its planned $125 billion investment in defense will go to procuring up to 50 new warships over the next two years. Defense Minister Prabowo Subianto said that the Indonesian government is now focusing on increasing the...