Monday, June 5, 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.

The Indonesian government recently issued a new regulation that contains provisions related to radioactive material mining area. The issuance of the new regulation is said to support the government’s plan to divert from coal and to further develop nuclear energy.

Minister Airlangga Hartarto, met with the United States Trade Representative (USTR) during the Indo-Pacific Economic Framework (IPEF) event in Detroit, US. Airlangga discussed various strategic economic topics with Deputy of the United States Trade Representatives Sarah Bianchi.

Businesses face finance problems resulting in the postponement of construction of many bauxite smelters. Businesses are having difficulty to obtain funds from banks.

The Minister of Energy and Mineral Resources, is urged to expedite the creation of Indonesia Nickel Prices Index for domestic transaction. Businesses asserted that the index is important for them to be used as a reference for royalty payment.

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.

Non-profit organizations suspect Sukanto Tanoto’s Royal Golden Eagle (RGE) Group is associated with deforestation in North Kalimantan. The company denied its allegation in any activities related to deforestation. […]
Following the recent cyber attack launched against Bank Syariah Indonesia (BSI), safety of information technology has become one of the main concerns in the banking sector. Banks take various measures to improve cyber security starting from upgrading their IT and educating customers. […]
Exxonmobil settled human rights case filed by villagers in Aceh in relation to crime and violence committed by the Indonesian Army paid by Exxon 22 years ago. […]
The 2024 election, is crucial in maintaining the important meaning of political participation for women in Indonesia. Activists continues to push for more women involvement in politics and for laws and legislation to make it easier for women to be involved in politics. […]

New opportunities

PT Hyundai Energy Indonesia held a groundbreaking ceremony for its electric vehicle assembly plant located in the Greenland International Industrial Center (GIIC) in Cikarang Bekasi Regency on Wednesday (31/5). Hyundai Energy aims to produce 21,000 units of battery system assembly (BSA) per year. […]
BUMI has recently receive a new partner from China for the development of downstreaming its coal products, specifically in the ammonia sector. […]
Blue Bird turned its attention to Chinese EV manufacturer BYD to provide electric cars. Previously, the taxi company sourced its electric cars from Tesla. […]
Peace proposal offered by Indonesian Defense Minister Prabowo Subianto received criticism at the 20th Asia Security Summit Shangri-La Dialogue. Ukrainian Defense Minister even rejected the idea. […]
The USAID cooperates with the Indonesia government, Hersey’s, Olam Food Ingredients, and Rikolto to initiate program on sustainable cacao farming. […]
Placing critical minerals as its foremost priority, the IPEF has made significant strides to foster global supply chains in the Indo-Pacific region, with the overarching goals of bolstering economic growth and ensuring energy security. […]
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 […]