Business and Investment
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Fifth C-130J-30 Super Hercules Aircraft arrives in Jakarta
The fifth C-130J-30 Super Hercules aircraft of the Indonesian Air Force with tail number A-1342 produced by Lockheed Martin, the United States, arrived at the Halim Perdanakusuma Air Base in Jakarta on Thursday, May 16, 2024.
Indosat and NVIDIA to launch AI cloud collaboration in Q3 2024
PT Indosat (ISAT), a leading telecommunications operator in Indonesia, is set to initiate collaboration with technology giant NVIDIA in the third quarter of this year that will bring advanced artificial intelligence (AI) capabilities to Indonesian enterprises through NVIDIA’s GPU technology.
Land issues delay completion of key logistics projects in Sumatra
The Indonesian Ministry of Transportation has announced that two major National Strategic Projects (PSN) aimed at enhancing logistics in Sumatra will not be completed this year due to land acquisition issues.
Bahlil warns investors of obligation in Merauke sugar self-sufficiency project
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia reminded investors of the obligations of investors involved in accelerating sugar and bioethanol self-sufficiency in Merauke, South Papua.
Bahlil: Sugar and Bioethanol industry in Merauke must collaborate with locals
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia promounces the importance of involving local communities in investment projects in the regions.
New PIS Director of Risk Management tasked with aggressive growth target
The shareholders’ meeting of PT Pertamina International Shipping (PIS), a subsidiary of State oil and gas company PT Pertamina, has appointed Muhammad Resa as the company’s Director of Risk Management, with the aim of enabling the company to pursue aggressive growth while maintaining a strong focus on risk management.
PLN completes construction of 2x55 MW Jatigede Hydroelectric power Plant
State electricity company PT PLN has completed the construction of the 2 X 55 MegaWatt (MW) Jatigede Hydroelectric Power Plant (PLTA) in Sumedang Regency, West Java.
Interest grows in Andaman III block after Repsol and Petronas exit
Several companies have expressed their interest in managing the oil and gas Andaman III Block following the departure of previous operators Repsol and Petronas. The two firms decided not to extend their exploration period, which ended on June 23, 2023.
Amman’s copper smelter facility in West Sumbawa near completion
PT Amman Mineral Nusa Tenggara has reported significant progress in the construction of their copper smelter facility in West Sumbawa, with the mechanical completion slated for May 2024.
Alva aims for Southeast Asian market with local electric motorcycles
Alva, a prominent Indonesian electric motorcycle manufacturer, has achieved significant milestones with its models meeting the 40 percent Domestic Component Level (TKDN) requirements. Locally assembled and eligible for government subsidies, Alva's electric motorcycles have garnered positive consumer responses.
Indonesia identifies major oil reserves in three key basins
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has revealed significant untapped oil and gas resources in three critical basins in Indonesia, collectively holding potential resources amounting to tens of billions of barrels of oil equivalent (mboepd), both from already discovered sources and those awaiting exploration.
Minister: Two transportation PSNs unlikely to complete in current administration
Minister of Transportation, Budi Karya Sumadi, has disclosed that two National Strategic Projects (PSN) in the transportation sector are unlikely to be completed during the current government's tenure.