South Korean shoe material company Dong-Jin Textile Co. Ltd. expressed an interest in investing Rp330 billion in Karawang, West Java. The company will start developing a production facility next year. The company will manufacture textiles for sneaker materials with 500 employees. … Continue reading →
Azhar Hasyim, director of E-Business at the Communications and Information Ministry, views that Indonesia has the potential to be the third largest e-commercemarket in the world above South Korea. “The Communications and Information Ministry supports startup companies in Indonesia,” Azhar said … Continue reading →
Transportation Minister Budi Karya Sumadi has called on private companies to participate in some infrastructure projects that will be kicked off next year. “I want projects, such as the Maros-Pare-pare railway, Bandung LRT, and Surabaya LRT projects, to be developed by private … Continue reading →
Finance Ministry Sri Mulyani said that the government is aiming for 6.3 percent investment growth in a bid to achieve the economic growth target of 5.4 percent set in the draft 2018 state budget (RAPBN). “We assume that bank loans … Continue reading →
The Indonesian government has rolled out the red carpet for foreign investors eyeing local digital start-up firms. The Coordinating Minister for Economy Darmin Nasution said that major investment will boost digital businesses. “There will be resources to do new things … Continue reading →