Tag Archives: investment

Ride-hailing company Go-Jek launched the beta version of its app in Singapore on Thursday (Nov 29), kicking off the roll-out of its services across the island. During this beta phase, Go-Jek said access to the app will be granted in batches to balance ride demand and service capabilities. At the initial stage, the app will be […]

In the first half of this year, Indonesia booked US$9.48 billion in investment in the energy and mineral resources sector, only 25 percent of the full-year target of $37.2 billion. The oil and gas sector contributed the most to the total investment at $5.11 billion, followed by electricity at $2.83 billion. Meanwhile, the mining and […]

Malaysia’s sovereign wealth fund Khazanah Nasional invested about RM80 million (US$19.7 million) in a failed lingerie business, local media reported on Wednesday (Aug 1). This was revealed by the country’s economic affairs minister Mohamed Azmin Ali during his ministerial reply on the motion of thanks of the royal address in Parliament, The Star Online reported. Responding to […]

The government has asked major exporters to park their export revenue in Indonesia and convert it into rupiah to help bolster the currency’s exchange rate. President Joko “Jokowi” Widodo made the call during his meeting with 40 top Indonesian exporters on Thursday at Bogor Palace in West Java. Also present at the meeting were Indonesia’s richest man, Robert Budi […]

National Development Planning Minister Bambang Brodjonegoro has said that the government is committed to creating new centers of economic growth outside Java in its effort to reducing economic disparities between Java and other regions. Bambang, who is also head of the National Development Planning Agency (Bappenas), pointed out that 60 percent of the country’s economy was based in Java, […]

Temasek Holdings Pte., the Singaporean state firm that poured $95 billion into everything from startups to asset managers in the past five fiscal years, is turning more cautious as threats to the global economic expansion mount. The investor expects global growth to moderate and sees rising risks in the market, Temasek said in a statement […]

As President Joko “Jokowi” Widodo inaugurated Indonesia’s first wind power plant in Sidenreng Rappang, South Sulawesi, on Monday (02/07), the government is getting closer to its ambitious target of obtaining more than a fifth of the country’s energy from renewable sources. The plant, also known as PLTB Sidrap, consists of 30 wind turbines which can produce up to 75 […]