Lotte Chemical Indonesia to Construct USD 3.9 billion Petrochemical Plant in Banten
South Korea’s Lotte Group has resumed the construction of a USD 3.9 billion petrochemical project in Indonesia, paving the way for realizing the group’s plan to expand the business in the region. In January 2022, Lotte Chemical Corp., the group’s petrochemical unit,...
Indonesia’s Coffee Chain Reaches Unicorn Status with USD 96 Million Funding
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital Group, and the latest new investor Falcon Edge Capital. The funding made the company achieve...
Indosat Ooredoo and Hutchison Tri Indonesia Officially Merge
PT Indosat Tbk and PT Hutchison 3 Indonesia have officially merged as Indosat Ooredoo Hutchison in January 2022. The merger is intended to create a new world-class digital telecommunications and internet company for Indonesia. As the second-largest cellular...