Indonesia unveils homegrown B30 biodiesel
Monday, December 23, 2019
JAKARTA: Indonesia has launched biodiesel containing 30% palm-based fuel, the highest mandatory mix in the world, in a bid to slash its fuel import bill and boost domestic palm oil consumption.
President Joko Widodo said the so-called “B30” biodiesel would allow Indonesia to cut its fossil fuel imports by 63 trillion rupiah (US$4.5bil) a year, up from 43.8 trillion rupiah saved in 2019 from existing B20 fuels. — Reuters
https://www.thestar.com.my/business/business-news/2019/12/24/indonesia-unveils-b30-biodiesel
https://www.thejakartapost.com/news/2019/12/23/homegrown-fuel-jokowi-kicks-off-b30-policy.html
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Indonesian students win six gold medals in World Memory Tour Final 2019
The Jakarta Post / Mon, December 23, 2019 / 01:41 pm
Indonesia’s junior memory sports team has won big in the World Memory Tour Final 2019 held in Xiamen, China, from Dec. 16 to 18, obtaining six gold medals, five silvers and seven bronzes from 10 competition categories.
The results made Indonesia the overall winner in the junior category with a clean sweep of all top three positions.
Janet Valencia from Regina Pacis high school in Bogor, West Java, took the top spot with 4,260 points, Amira Tsurayya Muniruzzaman from Al Bayan high school in Sukabumi came second with 4,008 points, while Yossyifa Zahra from SMA 1 state high school in Depok finished in third place with 3,782 points.
Janet won two gold medals, one for memorizing names and faces in 15 minutes and one for memorizing the order of random words in 15 minutes, while Amira won three gold medals for memorizing a set of binary numbers in 30 minutes, memorizing the order of random images in five minutes and memorizing spoken numbers. Yossyifa also won one gold medal in the speed numbers category.
Besides being the overall champion, Janet also broke the junior world record for memorizing faces and names after recalling 141 names in 15 minutes, five more than the previous record. Meanwhile Yossyifa was awarded the title International Grandmaster of Memory after memorizing 1,000 random digits and 10 decks of playing cards in one hour and memorizing the order of one deck of shuffled playing cards in under two minutes.
“These achievements show that Indonesia is no doubt one of the teams with the strongest memory and concentration in the world,” Indonesian team head Yudi Lesmana said in a statement from the Indonesia Memory Sports Council. (kmt)
https://www.thejakartapost.com/news...d-medals-in-world-memory-tour-final-2019.html
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From Jay-Z to Serena Williams, celebrities invest in local coffee chain Kopi Kenangan
The Jakarta Post / Mon, December 23, 2019 / 05:27 pm
Billionaire rapper Jay-Z and tennis star Serena Williams are among global public figures who have invested their funds to back the growth of Indonesia’s homegrown coffee chain Kopi Kenangan, the chain’s CEO confirmed on Monday.
“Kopi Kenangan has the vision to take [the brand] internationally on the global stage. That’s why we decided to find investors that could help us with such brand-building,” Kopi Kenangan cofounder and CEO Edward Tirtanata told The Jakarta Post.
Edward said the deal had been sealed last week.
Williams invested through her venture company, Serena Ventures, while Jay-Z made the investment through his venture firm Arrive, a subsidiary of entertainment management company Roc Nation Company, Edward explained.
Arrive cofounder and president Neil Sirni said his team was “inspired” by Kopi Kenangan’s “tenacity, vision and ability to execute”, citing the coffee chain’s rapid expansion to 18 cities, 200 stores and over 1,800 employees since its debut in 2017 as proof of such qualities.
“We’re excited to be an investor in and partner to Kopi Kenangan as they introduce Indonesian-style coffee to the world,” Sirni said in a press statement published on Sunday.
While he is unable to disclose the exact investment value for the two deals, Edward said the growth funding that Kopi Kenangan had secured from all investors now amounted to “more than US$20 million” — adding to Sequoia India’s $20 million investment that kicked off the expansion last June.
Aside from the two stars, world-renowned basketball player Caris LeVert as well as salad retailer and unicorn Sweetgreen CEO and cofounder Jonathan Neman were also included on the list of investors for the expansion.
In a release, Kopi Kenangan’s owners said they were planning to add more than a thousand new stores over the next two years and expand the chain across Southeast Asia.
“We want to build a legendary brand,” Edward said, “We have come a long way since our humble beginnings two years back and we want to continue learning and improving our service and products to meet the expectations of our customers in Indonesia and other markets.”
The expansion was not Kopi Kenangan’s first million-dollar deal as venture firm Alpha JWC Venture injected $8 million worth of capital into the brand last year.
https://www.thejakartapost.com/news...vest-in-local-coffee-chain-kopi-kenangan.html
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