Indonesia and Egypt Agree to Enhance Defense Industry Cooperation
Business

Indonesia and Egypt Agree to Enhance Defense Industry Cooperation

Indonesia and Egypt have agreed to further strengthen cooperation in their respective defense industries. While specific details of the collaboration remain undisclosed, future developments are anticipated.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • Bank DKI Rebrands to Bank Jakarta, Capital Boosted to Spur Business Expansion

    PT Bank DKI, a regional development bank based in Indonesia's capital, has been rebranded as Bank Jakarta and will see its basic capital significantly increased from Rp11.5 trillion to Rp26 trillion. This move aims to spur business expansion and foster sustainable economic growth.

  • Jakarta City to Maintain Majority Stake in Bank Jakarta and PAM Jaya Post-IPO

    The DKI Jakarta Provincial Government will maintain majority ownership of Bank Jakarta and PAM Jaya even after their planned Initial Public Offerings (IPOs). This move aims to retain strategic control and ensure public service continuity, preventing a shift in decision-making power to other investors.

  • Indian Family Offices Increasingly Target Southeast Asian Startups

    Indian family offices are increasingly targeting startups in Southeast Asia, attracted by their 'patient capital' which suits companies with longer development cycles. There is a growing interest in sectors like healthtech, fintech, and AI.

  • Rupiah Strengthens Against USD, Hovers Around Rp17,900

    On October 10th, the Indonesian Rupiah briefly strengthened against the US Dollar, opening at Rp17,902 per USD. This appreciation is attributed to a decrease in US bond yields and a weaker dollar index. Hopes for Middle East peace and anticipation of domestic retail sales data are also supporting the Rupiah.