Lippo Group, a substantial Indonesian conglomerate, announced the launch of The Jakarta Globe, an English language daily newspaper which will be available both in print and online.

“As the fourth largest country in the world, Indonesia is poised for a period of sustained economic growth. With the middle class expanding, we think this is a great time to be launching a newspaper and website,” said the paper's senior editorial consultant A. Lin Neumann.

Indonesia's social economic situation, with it's “pluses” has been compared to India's, as the latter experiences a growth in its newspaper industry, and may be the reason behind businessman James Riyandi wanting to invest in The Globe, reported The Guardian three weeks ago.

Bhimanto Suwastoyo, who worked with the AFP for over 20 years, will be the paper's deputy editor. The editorial team also includes Ahmad Pathoni, who previously held senior positions at both AFP and Reuters, and A. Lin Neumann, former executive editor of the Hong Kong Standard and editor-in-chief of South Korean daily JoongAng.

The Globe will be released in the next two months and will be aimed at both Indonesians and expatriates. It will receive funding through advertisements and subscriptions, Brand Republic reported.

The paper intends to be in competition with The Jakarta Post, Indonesia's prominent English-language paper that sells between 30,000 and 35,000 copies per day, according to The Guardian.