Oracle Corp is actively expanding its cloud services in Asia and is currently negotiating with the Indonesian government to establish a new cloud services center on Batam Island. According to information from Bloomberg News, the preferred location for this new facility is Nongsa Digital Park. This choice is driven by the area’s status as a "free trade zone" and its proximity to economic hubs like Singapore and Malaysia.
The project to construct an HPAL plant for processing nickel and cobalt is poised to be a milestone for Indonesia’s downstream raw materials industry. PT Merdeka Battery Materials secured a secured loan worth USD 1.4 billion to finance a new facility on the island of Sulawesi. The plant will produce nickel and cobalt chemicals used in the manufacturing of electric vehicle batteries. This strategic move comes at a time when Indonesia, responsible for over half of the world’s nickel production, is actively expanding its local refining industry amid falling nickel prices and constrained ore supplies.
The Indonesia Investment Authority (INA) in collaboration with the Development Bank of Japan $8301.T, has launched a hybrid fund aimed at financing medium-sized businesses in Indonesia. This initiative marks a significant step forward as hybrid financial solutions gain traction across the Asia-Pacific region.
Indonesia is taking ambitious steps towards transitioning to cleaner energy sources. Although the country remains economically reliant on fossil fuels, the government is considering building nuclear power plants with a total capacity of about 4 gigawatts (GW).
The robust US dollar continues to exert significant pressure on the currency markets of emerging Asian economies. In the context of high US bond yields and volatility in global financial markets, the region's countries are taking decisive steps to safeguard their currencies. This impact is most clearly illustrated by the examples of Indonesia and South Korea, where serious measures are being implemented to stabilize their economies.
