State-owned China Triumph International Engineering Co Ltd (CTIEC), the world’s largest glass engineering service provider, will build the largest high-end glass factory in Indonesia with 1,200 metric tons per day of capacity. 

Merdeka Battery Materials (MBMA), subsidiary of PT Merdeka Copper Gold Tbk (MDKA), co-owned by Garibaldi ‘Boy’ Thohir, Saratoga (Soeryadjaya/Sandiaga Uno), and Provident Capital, will acquire a 60% stake in nickel producer PT Huaneng Metal Industry (HNMI) with a transaction value of US$75 million, equivalent to Rp1.1 trillion. 

Nearly half of around 4 million high school students graduated every year failed to enter universities in Indonesia, among others due to limited capacity of public universities and expensive tuition fees. Can we push public universities to expand their capacity?

An integrated cold chain solutions provider start-up Coldspace has announced the completion of a US$3.8 million seed funding led by Intudo Ventures, along with logistics company Adi Sarana Armada (ASSA), and Triputra Group controlled by Theodore P Rahmat. 

Russian Sukhoi once tried but abruptly ended with the crash of Superjet 100 (SSJ-100) during a second joy flight from Halim Perdanakusuma airport in Jakarta in May 2012. On board were representatives from some airlines like Aviastar, Batavia Air, Pelita Air Service, and Sriwijaya Air. Back then, Sukhoi claimed already receiving orders for 42 aircrafts from Indonesian airlines.

President Joko ‘Jokowi’ Widodo has met leaders of BASF AG, Eramet, and VW Power Co Ltd related to their respective investment plans in Indonesia during his visit to Germany for the opening of the world’s largest industrial expo Hannover Messe 2023, wherein Indonesia is a partner country.

Since its establishment in the 90s, PT Chandra Asri Petrochemical Tbk (Chandra Asri), Indonesia’s largest integrated petrochemical company, has supplied ethylene to the country’s largest chlor-alkali plant PT Asahimas Chemical and second largest PT Sulfindo Adiusaha. This time, however, Chandra Asri will build its own to anticipate growing demand from metal, including nickel, processing in Indonesia. 

More nickel smelters will enter commercial production stage this year, while multibillion dollar nickel projects will likely be completed next year and 2025 to boost Indonesia’s profile in the global EV industry. Initial public offering (IPO) of Harita Nickel and Merdeka Battery Materials might be followed by other players. 

Indonesia welcomed 701,931 foreign visits in February, a substantial increase from last year. In the past few months, foreign visits have been stabilized above 700,000, which is still way below pre-pandemic level, but clearly suggesting a strong recovery. Bear in mind that in the second half of last year, average monthly visits was around 500,000.