Tesla Nears Deal to Build Plant in Indonesia
Tesla is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported, citing unnamed people familiar with the matter. On Wednesday, CEO Elon Musk commented in a tweet referencing the report, saying, “Please be careful when writing articles that cite ‘anonymous sources,’ as they are […]
Bank Indonesia mandate is in the spotlight as lawmakers debate finance law
Indonesian lawmakers are resuming discussions on the financial sector reform bill that risks eroding the autonomy of their central bank. Indonesia has sought to renew its financial sector laws since 2020. Talks stalled due to the pandemic and investor concerns about the central bank’s independence. Since then, Parliament’s finance committee has revived meetings. They have […]
Indonesia says Foxconn could invest in projects for the new capital
Indonesia said Foxconn Technology Group is considering investing in the country’s new capital. This move would bolster the $34 billion construction project. The Taiwanese company is considering establishment. They established an electric bus system and an Internet of Things network in Nusantara. Investment Minister Bahlil Lahadalia said in a statement on Sunday. Young Liu is […]