Ellipse Projects, EU and the UK: Foreign Direct Investment puts Indonesia on track for...

Indonesia has seen a sharp uptick in Foreign Direct Investment (FDI) to the tune of 14% in the first three months of 2021. FDI...

Grab set for US listing via ‘world’s biggest’ SPAC merger

Grab Holdings Inc., the company behind Southeast Asia's largest ride-hailing and food delivery platform, is set to go public in the U.S. through a...

Traveloka Indonesia unveils US IPO plan

Indonesia-based Traveloka was keen on going public this year in the United States as it aimed to raise funds for its expansion plans. According to...

Indonesia mass vaccination begins; younger generation first in line

Indonesia began with its mass vaccination program on Wednesday which focused on the younger working-age population and not the elderly. According to reports, Indonesian President...

Indonesia frees militant leader Abu Bakar Bashir

Indonesia freed from prison the spiritual leader of al-Qaeda-linked group Jemaah Islamiyah (JI) after serving two-thirds of his 15-year sentence. Abu Bakar Bashir, 82, was...

Indonesia to vaccinate population starting next week

Indonesia is set to begin next week its mass vaccination program, with President Joko Widodo receiving the first jab, according to a report by...

Indonesia launches $3-billion Patimban seaport

Indonesian President Joko Widodo inaugurated over the weekend the $3.07-billion Patimban seaport—one of the government’s priority infrastructure projects—paving the way for a boost in...

‘More carriers in the doldrums amid low travel demand’

More airlines were expected to go bankrupt this year as sales remained severely dampened by the weak travel volume. According to a report by The...

Hyundai to produce e-vehicles at Indonesian plant

South Korean car-maker Hyundai Motor Company was set to produce electric vehicles (EV) in Indonesia by 2022 as the country plans to manufacture batteries...

RCEP—world’s largest free-trade pact—’signed’

Fifteen countries spanning the Asia Pacific region have officially inked the Regional Comprehensive Economic Partnership (RCEP) which promises to create a vast free trade...

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Malaysia’s GDP contraction softens in Q1 on export recovery

Malaysia remains on course to recovery this year after easing the decline in its economic output in the first three months of 2021. The country's...

BioNTech to put up manufacturing site in Singapore

Biopharmaceutical New Technologies or BioNTech has chosen Singapore to expand its manufacturing roots in Southeast Asia. The Nasdaq-listed immunotherapy firm on May 10 said it...

Indonesia-based Telkomsel invests $300 million more in Gojek

Mobile operator Telkomsel is pouring in an additional $300 million in multi-service platform Gojek in efforts to ramp up the multi-service provider’s business. According to...