logo

Indonesia economic fundamentals strong despite market falls, minister says

Zawya18-03-2025

Indonesia's economic fundamentals are strong and volatility in the stock market is common, chief economic minister Airlangga Hartarto said on Tuesday.
Indonesian stocks fell as much as 7.1% on Tuesday and the rupiah slid to a two-week low against the dollar, pressured by concerns over the government's fiscal strategy and growth prospects a day before a central bank review of monetary policy.
(Reporting by Stefanno Sulaiman; Editing by John Mair)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EDGNEX Announces AI-Powered Data Center in Jakarta
EDGNEX Announces AI-Powered Data Center in Jakarta

TECHx

time17-06-2025

  • TECHx

EDGNEX Announces AI-Powered Data Center in Jakarta

Home » Top stories » EDGNEX Announces AI-Powered Data Center in Jakarta EDGNEX Data Centers by DAMAC, a global digital infrastructure company, announced the development of a next-generation AI-powered data center in Jakarta, Indonesia. This is its second data center in the Indonesian market. The project is one of Southeast Asia's largest AI-dedicated developments. It will have a future capacity of 144 MW and a total investment of US$ 2.3 billion. Following DAMAC's land acquisition in March 2025, early construction phases have begun. The facility's phase one is expected to be ready by December 2026. The Jakarta data center will deploy high-density AI racks, setting new benchmarks for next-generation infrastructure in the region. This development plays a key role in Indonesia's digital journey. It aims to accelerate the country's shift from analogue to a robust, AI-powered digital economy. Indonesia is a high-potential market but faces gaps in digital infrastructure, limited hyperscale readiness, and rising latency issues. With AI adoption increasing across sectors, this project responds to the nation's demand for scalable and energy-efficient infrastructure. Hussain Sajwani, Founder of DAMAC Group, stated, 'This is our second project in Indonesia, reinforcing our commitment to bridging the digital divide in fast-growing Southeast Asian markets. We are proud to build what will become one of Southeast Asia's most advanced, sustainable data centers. This facility will power the next wave of innovation and digital growth.' The data center aims for a Power Usage Effectiveness (PUE) of 1.32, enhancing energy efficiency while aligning with EDGNEX's global sustainability standards. It builds on EDGNEX's presence in Thailand, Malaysia, and other key Southeast Asian markets. In 2024, EDGNEX announced its first Indonesian data center, a planned 19.2 MW facility at MT Haryono in Jakarta. Located in Jakarta's central data hub, it will address growing demand from cloud service providers, edge nodes, and AI deployments. The first phase is scheduled for completion in Q3 2026. EDGNEX aims for over 300 MW of operational capacity in Southeast Asia by 2026. The Jakarta AI data center will have 144 MW capacity and cost US$ 2.3 billion Phase one expected to be operational by December 2026 Project targets PUE of 1.32, promoting energy efficiency and sustainability This ambitious project highlights EDGNEX's commitment to digital infrastructure investment across Southeast Asia.

UAE Subsidiary Seals eVTOL Maintenance Tie‑Up at Indo Defence
UAE Subsidiary Seals eVTOL Maintenance Tie‑Up at Indo Defence

Arabian Post

time17-06-2025

  • Arabian Post

UAE Subsidiary Seals eVTOL Maintenance Tie‑Up at Indo Defence

A landmark agreement between UAE's Autocraft and Indonesian aerospace maintenance giant GMF AeroAsia positions the Autocraft E20+ electric vertical take‑off and landing aircraft for regional deployment, signalling a major advance in Southeast Asian air mobility. Signed on 11 June at the Indo Defence Expo in Jakarta, the memorandum of understanding enlists GMF as the official Maintenance, Repair and Overhaul partner for the E20+ platform, while establishing frameworks for technical training, diagnostics, regulatory compliance and parts support. This pact amplifies Kintsugi Holding's strategy to localise next‑generation aviation service capabilities. Autocraft's eVTOL enters a market where regional regulators are racing to define sustainable urban air mobility standards and India's neighbouring economies look to diversify their green transport options. Tareq AlBannay, vice‑president of future systems at Kintsugi Holding, said the partnership 'builds the groundwork for a self‑reliant ecosystem that supports the introduction and sustainability of clean air mobility in Indonesia'. GMF CEO Andi Fahrurrozi highlighted the deal as a forward‑looking leap for Indonesia's aerospace landscape, describing the eVTOL initiative as a strategic commitment to 'transformative, sustainable aviation'. GMF's involvement encompasses not just MRO services but a transfer of knowledge through training programmes tailored to the E20+ platform. ADVERTISEMENT Taking place amid a broader context of Indo Defence 2025, the agreement complements other collaboration announcements that spawned 27 memoranda worth approximately IDR 33 trillion, spanning domestic and international defence entities. The expo featured more than 1,180 exhibitors from 55 countries, underscoring Indonesia's ambition to elevate its military‑industrial capacity and global standing. Alongside air mobility progress, Kintsugi's Eneron subsidiary showcased its Magnum MK1 hybrid patrol vehicle, which captured the interest of Indonesian security forces, including TNI and Polri delegations. The Magnum MK1 integrates hybrid-electric systems with built-in drone charging and all‑terrain resilience, underlining Kintsugi's pivot to holistic future mobility solutions. The alliance between Autocraft and GMF reflects a broader momentum across defence and aerospace industries toward green and digital technologies. GMF's series of partnerships, including prior MOUs with Boeing, Turkish Aerospace Indonesia and Dassault Aviation, point to a concerted effort to enhance the country's MRO ecosystem and technical expertise. Indonesia's Defence Minister, Sjafrie Sjamsoeddin, described the expo as a showcase of domestic industry progress—highlighting vehicles such as PT Pindad's electric Maung and the Harimau tank—alongside international exhibits. President Prabowo Subianto, who presided during the expo's opening on 11 June, emphasised that defence capability and technological innovation are inseparable from sovereignty and enduring peace. The Autocraft‑GMF eVTOL agreement dovetails with Indonesia's pursuit of autonomy in air mobility infrastructure. It also aligns with global ambitions to integrate zero‑emission aircraft into transport networks, supported by regulatory alignment efforts across Southeast Asian aviation authorities. GMF's role extends beyond maintenance: it aims to ensure diagnostic readiness, system upgrades and full operational compliance within the Indonesian civil and defence regulatory context. At the Kintsugi Pavilion within the expo, elements from both Autocraft and Eneron were on display, offering a glimpse into an emerging UAE‑Indonesia axis in defence tech cooperation. The strategic emphasis on local capability building confirms a shift from simple procurement to establishing enduring ecosystems that span design, maintenance, operations and regulatory policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store