Business and Investment
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PT Freeport Indonesia's copper smelter set to operate in June 2024
PT Freeport Indonesia (PTFI) President Director Tony Wenas has confirmed that the copper smelter in the Java Integrated Industrial Port Estate (JIIPE) area in Gresik, East Java, is on track to start operations by June 2024.
PGN repays remaining US$396 million bonds on time
Jakarta, May 27, 2024 − PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, has paid off the remaining bonds worth US$396,709,000 in accordance to the maturity date as part of the repayment of the overall bond value of US$1.35 billion issued in 2014 and listed on the Singapore Exchange.
Indonesia-Japan committed to energy transition, EV investments
Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs).energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs).
AC Ventures: Solar energy is still at a very early stage in SE Asia
JAKARTA, May 27, 2024 − Fossil fuels continue to dominate Southeast Asia’s energy sector, controlling around 83 percent of the region’s energy mix and largely overshadowing the 14.2 percent contribution from renewables. Among these, solar energy remains underutilized. While Vietnam has made significant strides, achieving an impressive 20.5 percent share of its power from solar, Indonesia still lags substantially, with less than 1 percent.
East Ventures launches Digital Competitiveness Index 2024
East Ventures, a pioneering venture capital firm in Indonesia and Southeast Asia, together with Katadata Insight Center, launched on Friday, May 24, 2024, the East Ventures – Digital Competitiveness Index (EV-DCI) 2024, the fifth edition since the annual report was first launched in 2020.
Bappenas reveals challenges in implementing green development in Indonesia
The National Development Planning Agency (BAPPENAS) revealed that there are three challenges in implementing green development in Indonesia.
DBS Indonesia projects 8 percent economic growth by 2045
DBS Indonesia has set an ambitious target for Indonesia's economic growth, projecting it to reach 8 percent by 2045 over Indonesia's status as a major economy with a Gross Domestic Product (GDP) exceeding one trillion dollars.
Pertamina NRE-Masdar sign renewable energy cooperation in Indonesia, abroad
Pertamina NRE and Masdar signed a memorandum of understanding on the development of solar and wind power plants in Indonesia and other countries with potential, on Tuesday, May 21, 2024.
Indosat to strengthen transformation towards AI Native TechCo
PT Indosat (Indosat or Indosat Ooredoo Hutchison) is ready to strengthen its transformation towards AI Native TechCo to provide more values to shareholders and deliver the best digital experience for customers.
ESDM ministry identifies potential lithium, boron deposits in Grobogan
The Ministry of Energy and Mineral Resources (ESDM) has reported potential lithium and boron deposits in various locations in Grobogan, Central Java, following extensive research.
Elon Musk: Solar power plants, key to solving global water crisis
Elon Musk, the owner and CEO of Tesla Inc. and SpaceX, highlighted the potential of solar power plants (PLTS) as a solution to the global water crisis during his address at the opening of the 10th World Water Forum in Nusa Dua, Bali.
Chandra Asri Group joins MSCI Global Standard Index for emerging markets
A quarterly publication of the Morgan Stanley Capital International (MSCI) issued in London on May 14, 2024, has included PT Chandra Asri Pacific (Chandra Asri Group) in its Global Standard Indexes for Emerging Markets. The inclusion of Chandra Asri Group will be implemented as of the market close of May 31, 2024.