Private Companies to Begin Construction of Hospitals and Malls in IKN Next Week

Jakarta, September 13, 2023 – The New Capital City Authority (OIKN) has announced that starting next week, private companies will conduct groundbreaking ceremonies for the first time in the development of Indonesia’s New Capital City (IKN). This marks a significant milestone as it is the first time the new capital’s construction is initiated without relying on the state budget (APBN). Agung

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Latest List of Investors Interested in Entering the New Capital City (IKN), Including Companies from Brunei and Malaysia

Jakarta, September 12, 2023 – The list of investors interested in participating in the development of Indonesia’s New Capital City (IKN) continues to grow. According to Agung Wicaksono, Deputy for Funding and Investment at the New Capital City Authority (OIKN), the authority has received 281 Letters of Intent (LoI) from private investors to be involved in the construction of the New

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Jakarta-Bandung High-Speed Train Set to Commence Operations on October 1, 2023

Jakarta, September 12, 2023 – Indonesia’s Ministry of Transportation has officially confirmed that the Jakarta-Bandung High-Speed Train (KCJB) will be inaugurated and begin operations on October 1, 2023. This announcement came after the ministry conducted rigorous testing to ensure the safety and reliability of the high-speed rail system. The Ministry of Transportation emphasized the paramount importance of safety during the testing

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President Jokowi Conducts Test Run of Jakarta-Bandung High-Speed Train

Jakarta, September 13, 2023 – Indonesian President Joko Widodo, accompanied by several high-ranking officials and public figures, participated in a test run of the high-speed train that will connect Jakarta to Bandung. This trial run is a significant milestone in the development of the country’s high-speed rail system. The test run took place on Wednesday, September 13, 2023, when President Jokowi

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Elon Musk’s Visit to Indonesia: Exploring Opportunities Beyond Electric Cars

Jakarta, 7 September 2023 – Indonesia is abuzz with anticipation as it prepares to welcome Tesla CEO Elon Musk in October. However, Musk’s visit is not primarily linked to his company’s plans for investing in electric vehicle (EV) development in Indonesia. Minister for Maritime Affairs and Investment, Luhut Panjaitan, clarified that Elon Musk and Tesla are currently not seeking to invest

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Elon Musk’s Highly Anticipated Visit to Indonesia in October 2023

Jakarta, 7 September 2023 – Indonesia is gearing up for a momentous event as Minister for Maritime Affairs and Investment, Luhut Binsar Panjaitan, confirmed that Elon Musk, the CEO of Tesla and Starlink, is set to visit Indonesia in October 2023. During a press conference held at the Hotel Fairmont in Central Jakarta, Minister Luhut expressed optimism about Musk’s visit. “We

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Now Time for ASEAN’s Young Generation to Take Central Stage

Jakarta, 9 September 2023 – In the dynamic landscape of ASEAN, it’s time for the young generation to step into the spotlight and play pivotal roles in shaping the region’s future. From ensuring job opportunities to actively participating in sustainability efforts, the youth of ASEAN are poised to drive transformative change. Entrepreneurship is set to become the lifeblood of the region,

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Green Energy Takes Center Stage at AIPF 2023

Jakarta, 7 September 2023 – The ASEAN-Indo-Pacific Forum (AIPF) 2023 has put a spotlight on green energy as one of its flagship topics, reflecting the growing global interest in sustainable and eco-friendly solutions. Deputy Minister of State-Owned Enterprises (SOEs), Rosan Roeslani, highlighted the remarkable interest in the EV Ecosystem and Value Chain project, signaling the region’s eagerness to transition towards clean

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43rd ASEAN Summit Officially Concluded, Indonesia Concretizes ASEAN as Epicentrum of Growth

Jakarta, 7 September 2023 – The 43rd ASEAN Summit drew to a close, leaving Southeast Asian countries and their global partners with a renewed sense of optimism and positive energy. Indonesian President Joko “Jokowi” Widodo, speaking at the conclusion of the summit at the Jakarta Convention Center (JCC), highlighted the significant achievements and the bright outlook for the region. President Jokowi

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Paytm founder, Oyo India and SEA CEO invest in edtech startup Leverage Edu

Study abroad platform Leverage Edu has on-boarded global investors, raising an undisclosed amount of growth capital from them, the company told ET. Vijay Shekhar Sharma (founder of Paytm), Rohit Kapoor (CEO of Oyo – India and Southeast Asia), Amanpreet Bajaj (Southeast Asia Head, Airbnb), Lalit Singh (former COO at Udacity), and Mohit Garg (founder of MindTickle) are among the top investors.

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