EGCO Explores Hydrogen Fuel Development in Indonesia’s Petrochemical Sector

Bangkok – Electricity Generating (Egco), the power generation subsidiary of Thailand’s Electricity Generating Authority, is capitalizing on its petrochemical ventures in Indonesia to spearhead clean energy initiatives, focusing on hydrogen fuel development. Last year, Egco acquired a 30% stake in PT Chandra Daya Investasi (CDI), a subsidiary of PT Chandra Asri Petrochemical Tbk Group (CAP), Indonesia’s leading integrated chemical and infrastructure

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Tesla’s Plans for Thai Factory Face Delay Over City Planning Challenge

Bangkok – US-based automaker Tesla’s ambition to establish an electric car factory in Thailand encounters a possible setback due to challenges in city planning. Prime Minister Srettha Thavisin led a team in discussions with Tesla executives at the company’s headquarters on November 14 last year. According to the Prime Minister, Tesla is anticipated to make an announcement in the first quarter

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Indonesia Calls for Automotive Industry to Boost Partnerships with MSMEs

Jakarta – Cooperatives and Small and Medium Enterprises (SMEs) Minister Teten Masduki has urged players in the Indonesian automotive industry to enhance collaborations with micro, small, and medium enterprises (MSMEs) that provide automotive parts, aiming to bolster downstreaming efforts. “I encourage the automotive industry to engage in partnerships for the advancement of automotive MSMEs, fostering their growth and development,” he remarked

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Indonesia Aims to Surpass Vietnam in Foreign Trade with IEU-CEPA Completion

Jakarta – Indonesia’s Trade Ministry is optimistic about the country’s foreign trade outlook, expecting to outpace Vietnam following the finalization of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA). Kasan, the chief of the ministry’s Trade Policy Agency, emphasized, “Our market access to the European Union, once the agreement has been completed and implemented, will yield greater benefits than what Vietnam

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Indonesia Poised to Kickstart EV Battery Mass Production in April 2024

Jakarta – The Ministry of Investment has announced that Indonesia is gearing up for the mass production of electric vehicle (EV) batteries, set to commence in April 2024. This move signals a significant milestone in the nation’s automotive industry and underscores the advantages of its downstreaming policy. Tina Talisa, Special Staff at the ministry, emphasized the role of downstreaming in extracting

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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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