Singapore Post’s unit, SingPost eCommerce has agreed on a 33:67 joint venture (JV) with PT Trikomsel Oke, to set up an Indonesian JV company for the importation and supply of goods to e-commerce and online retailers as well as providing technical support services related to e-commerce platforms. The partnership will allow the group to leverage on Trikomsel’s distribution reach in Indonesia, which is expected to become the world’s third largest consumer base.

KS Energy announced that its indirect subsidiary, PT Atlantic Oilfield Services, and its joint operation partner have been awarded a US$7.2 million contract for the KS Java Star jack-updrilling rig. The contract is expected to commence in March.