{
Rosan Roeslani

People

}
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LG Group boosts investment in Indonesian battery plant amid market shifts

South Korea's LG Group is increasing its investment in a battery cell factory in Indonesia by $1.7 billion, bringing the total to $2.8 billion. This move supports the HLI Green Power joint venture with Hyundai, following LGES's withdrawal from a larger $8.46 billion EV battery supply chain project due to market conditions. Despite this, Indonesia's government remains committed to its EV development strategy, leveraging its significant nickel reserves to attract manufacturing investments.
Tech in Asia
United States Dollar Indonesian Rupiah LG Energy Solution, Ltd. WULING MOTORS Zhejiang Huayou Cobalt Co., Ltd Mirae Asset TIGER Hyundai Motor Group+ ETF IDN KOR Rosan Roeslani Show more
Business & Industry, Market Report
09:45 29.04.2025

foreign investors show interest in indonesias danantara wealth fund

Two foreign investors are interested in Indonesia's wealth fund, Danantara, as announced by CEO Rosan Perkasa Roeslani during a virtual press conference. This interest follows President Prabowo Subianto's visit to Qatar, where a commitment of US$2 billion was made for the fund, primarily targeting infrastructure investments. The growing confidence in Indonesia's economic outlook is driving this investment momentum, reflecting a significant shift in the country's investment landscape.
Tech in Asia
United States Dollar Indonesian Rupiah Singapore Dollar Qatari Riyal SGP MYS JPN QAT CHN Rosan Roeslani Prabowo Subianto Show more
Finance & Economy, Market Report
02:35 26.04.2025
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