Entries by Tim

Did it just get easier for foreigners to work in Bali

Indonesia’s Ministry of Manpower recently relaxed the rules, regulations and permits for foreigners to work legally in the country. The Kepmen officially revokes previous sector-specific regulations issued by different technical ministries on foreign workers. The government has approved employment positions for foreigners across 2,200 job in 18-industries. Image by Photomix Ltd. on Pexels The construction […]

Review: Government boost for business in Bali

Government plans to inject more than IDR 822 billion into the development of Labuan Bajo in 2020 as part of a National Tourism Strategic Area (KSPN). If local news reports are to be believed the Indonesian government is planning to boost tourism development in East Nusa Tenggara (NTT) with a budget of IDR 822,529,243,000 for […]

Trials for LRT’s Greater Jakarta line next week

Ministry of Transportation will launch a trial run for light rail transit (LRT), in its Greater Jakarta line from Cawang to Cibubur, East Jakarta, this week, the Transportation Minister Budi Karya Sumadi stated here, Monday. The trial run would be conducted after the company received sets of LRT’s carriages manufactured by the state-owned company PT […]

E-wallets close in on debit cards in cashless transaction volumes

E-wallets are gaining further traction in Indonesia, although debit cards continue to dominate the country’s cashless transactions. According to the latest data issued by Bank Indonesia (BI), the debit cards contributed more than half of all cashless transactions in July, holding onto the lion’s share of such transactions by volume. Interestingly, despite the dominance of […]

Singapore fund Temasek aims to lift ‘aspiring unicorns’

Singaporean state-backed fund Temasek Holdings is looking to boost its investment in “aspiring unicorns,” grabbing stakes in promising digital companies to secure high returns once they debut on the stock market. “I would expect even in the next six to 12 months, we’ll be doing a few more” investments in such companies in Southeast Asia, Rohit […]

Review: Hospitality at the Singapore Grand Prix 2019

Singapore Grand Prix Hospitality Article written by James Barry There is a sense of inquisitiveness as you look down the home straight at the Singapore Grand Prix. For a moment the noise of engines has gone silent, there is no activity from pneumatic wheel changing crews, just the view of the crowds on both sides […]

Grant to develop Singapore’s first virtual power plant awarded to NTU

SINGAPORE: A grant to develop Singapore’s first virtual power plant (VPP) has been awarded to Nanyang Technological University (NTU), said the Energy Market Authority (EMA) and Sembcorp on Tuesday (Oct 8). A VPP is a digital platform that coordinates energy resources – such as solar installations and energy storage systems – across different locations in Singapore like a single power station. […]

Singapore narrowly dodging recession

SINGAPORE (REUTERS) – Singapore’s economy likely escaped a technical recession in the third quarter even as growth stayed subdued, weighed down by the prolonged trade dispute between the United States and China, a Reuters poll showed. Gross domestic product (GDP) is expected to have increased 1.5 per cent on a quarter-on-quarter, seasonally adjusted and annualised basis in […]

Indonesia Investments’ Research Report Released: July 2019 Edition

On Thursday (08/08) Indonesia Investments released the July 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of July 2019 and also touches upon key international developments that impacted on the Indonesian economy. In the July […]

Highlight of the Singapore Grand Prix – 22 September 2019

PRESS RELEASE Victorious Vettel slays his critics After a season with more down than ups, and more than twelve months since he last stood on the top step of an F1 podium, Sebastian Vettel won the Singapore Grand Prix ahead of teammate Charles Leclerc, who had started the race on pole. Ferrari gambled on an […]