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East Ventures Invests 30mn USD for Indonesian Startups

TEMPO.CO, Jakarta – East Ventures, a Southeast Asian venture capital company, announced an investment of 30 million USD for Indonesian startups. This is the sixth fund collected and managed by the three founders of East Ventures; Willson Weather, Batara Eto, and Taiga Matsuyama. A recent report by A.T.Kearney stated that investment in Indonesia is soaring due to strong macroeconomic […]

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Indonesia: Jakarta 2017 Budget Up by 2.4 Percent

TEMPO.CO, Jakarta – The Jakarta Provincial Government proposed some changes to its 2017 regional budget. They proposed a 2.43-percent budget increase to Rp71.89 trillion from the previous figure Rp70.19 trillion. Jakarta Governor Djarot Saiful Hidayat said that in addition to increasing the budget and allocating funds for new activities, the amendment is also aimed to reduce the budget for unexecuted […]

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Indonesia: Govt Urged to Stop Waste-to-Energy Projects

TEMPO.CO, Jakarta – The government is urged to stop the construction of waste-to-energy plants (PLTSa). The Indonesia Center for Environmental Law has called for Energy and Mineral Resources Ministry to review waste to energy projects in seven cities across the country. It reasoned that the Supreme Court (MA) has ruled that waste incineration is against the laws. […]

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Indonesia: Govt to Offer Incentives to Eco Friendly Companies

TEMPO.CO, Jakarta – Nurmayanti, head of product standardization for the Environment and Forestry Ministry, said that her office is preparing a regulation that would offer incentives to eco friendly companies. “Pending the President’s approval,” she was quoted as saying by Metropole yesterday. According to Nurmayanti, the regulation will take the form of a government regulation on economic […]

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