Business News
Jokowi: The Fastest Growth of Indonesia's Digital Economy and Industry 4.0 in Southeast Asia
President Joko Widodo (Jokowi) stated that the growth of the digital economy and industry 4.0 in Indonesia is the fastest in Southeast Asia. This is because Indonesia has around 2,193 startups, the fifth largest in the world. Indonesia also has 5 unicorns and Indonesia even has 1 decacorn. In the…
These 7 Sectors Are Indonesia's Mainstay In The 10 Largest Economies In The World
Indonesia has ambitions to enter the top 10 countries with the largest economies in 2030. To achieve this target, the government has made a road map for Making Indonesia 4.0, which is an initiative to accelerate the revitalization of the manufacturing sector into the industrial era 4.0. Minister of Industry…
Pertamina plans to issue first-ever green bond by 2022
State-owned oil and gas holding giant Pertamina is planning to issue its maiden green bonds within the coming year to finance its geothermal business. Pertamina is the second Indonesian state-owned energy firm to unveil its plan to issue a sustainable finance instrument after the state electricity firm (PLN), respectively the…
Unlocking the value of Indonesia’s substantial renewable energy potential
Asia-Pacific’s (APAC) renewable energy capacity will grow substantially over the next decade, projected to expand 7 percent annually, adding 2 terawatts of capacity by 2030. This growth will be driven by rising populations, strong economic prospects and lucrative potential in a market with relatively low renewable penetration. Southeast Asia will…
