Sunday, September 24, 2023
Indonesia Business Post Media Group aims to promote Indonesia’s business transparency and investment opportunities to global companies and investors. We provide information on business intelligence and opportunities within Indonesian political changing-driven international business context.

Ministry of Energy and Mineral Resources (ESDM) has extended an invitation to Chinese oil and gas companies to invest in the expansion of gas development projects in Indonesia.

The Ministry of Energy and Mineral Resources (ESDM) has announced the offering of Phase III Oil and Natural Gas Working Areas (WK Migas) for the year 2023. These three oil and gas blocks are all located in the Papua region.

The Indonesia Clean Energy Forum (ICEF) has identified a compelling reason behind the surge in major companies venturing into renewable energy projects (EBT). One of the driving forces behind this trend is the allure of potential business opportunities within the carbon market.

The Indonesian government, through the Financial Services Authority (OJK), has announced that carbon trading through a carbon exchange will commence on September 26, 2023.

Image: @antaranews.com

Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) – which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan – has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.

Image: @Bayan resource

PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.

Image: @Tribunnews

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion – or 74.4% of the target – both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.

Image: @ajaib.co.id

PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company’s recurring income through managed services business model.

In response to the growing water crisis in Indonesia, Universitas Pertahanan (Defense University) in collaboration with Indonesia Business Post Media organized a Water Security Seminar – Technology for Indonesia on September 22, 2023. […]
The Ministry of Trade is targeting the completion of the revision of Ministerial Regulation No. 50 of 2020 later this month. This revision will incorporate several rules related to social commerce, such as TikTok Shop. […]
The Ministry of Industry has broadened the scope of its electric motorcycle subsidy program, allowing the general public to own electric motorcycles, subject to the condition of one unit per National Identification Card (KTP). Subsidy recipients will receive a IDR 7 million discount from the […]
The Indonesian government, through the Financial Services Authority (OJK), has announced that carbon trading through a carbon exchange will commence on September 26, 2023. […]

New opportunities

International oil companies, Repsol and ExxonMobil Indonesia, are exploring business opportunities in the field of carbon capture and storage (CCS) services within Indonesia’s oil and gas sector. This move aligns with the discovery of favorable carbon storage capacities. […]
The Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki, revealed that around 70% of the income of the logistics industry has plummeted. Teten suspects that this decline is driven by the influx of illegal textile imports into the country through online or e-commerce platforms. […]
Entrepreneurs in the geothermal sector have revealed that the growth of installed capacity for geothermal power plants (PLTP) in Indonesia remains sluggish, currently reaching only 40 MW per year. Several challenges are seen as hindrances to the expansion of this clean energy source. […]
China is willing to further align its development strategy with Indonesia, enhance Belt and Road cooperation, and create high-standard and sustainable cooperative projects for the well-being of both nations. […]
Justin Trudeau, the Canadian Prime Minister has announced significant investments in Indonesia’s infrastructure through projects in Nusa Tenggara Timur and Maluku.  […]
The 43rd ASEAN High-Level Plenary Summit, has managed to conceive a framework on blue economy, which is the first ever in ASEAN. […]
President Joko Widodo said Indonesia aims to cut its fiscal deficit to less than 3% of its gross domestic product next year for the first time since 2019. […]
Indonesian government officials should remain vigilant against the potential threat to the state ideology, the nation’s peace and harmony, despite the decline in online radicalization following the defeat of the Islamic State of Iraq and Syria in the Middle East and worldwide. In an era […]
The program, dubbed the “Partnership for Global Infrastructure and Investment” (PGII), aims to mobilize $600 billion by 2027 in investments for infrastructure in developing countries with an emphasis on sustainable and secure development. Neither President Biden nor the White House fact sheet explicitly mentioned China […]
Governor of Bank Indonesia (BI) Perry Warjiyo gave the latest signal regarding the benchmark interest rate which is currently at its lowest level of 3.50 percent. According to Perry, the national economic condition is still conducive enough to continue the BI rate policy going forward. […]
Ex-terror convict Abu Bakar Ba’asyir, known as the spiritual leader of shadowy militant group Jemaah Islamiyah that aims to establish an Islamic state in Indonesia, did the unthinkable on Wednesday as he participated in the Independence Day ceremony at his boarding school in the Central […]
Both of United Kingdom and Germany also other Europe countries have been predicted they will go and meet energy crisis as the impacts of Russia’s invasion in Ukraine. The UK’s Green Party has proposed permanently nationalizing the country’s five major energy companies to ease the […]