Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Pertamina-ExxonMobil join hands to develop CCS technology hub in offshore SE Sumatra
PT Pertamina Hulu Energi (PHE), a subsidiary of State and oil gas company Pertamina, and ExxonMobil are set to establish a technology hub for carbon capture storage/carbon capture utilization storage (CCS/CCUS) in the Offshore Southeast Sumatra (OSES) working area.
Legrand Indonesia and IDPRO spearhead data center innovation at Summit 2024
Legrand Indonesia, a leading provider of electrical and digital building infrastructures, joined forces with the Indonesia Data Center Provider Organization (IDPRO) to host the second edition of the Legrand Day 2024 - Data Center Summit, building on the success of its inaugural event.
Government signs Ketapang, Bobara US$96.92 million exploration contract
The government continues to encourage exploration and exploitation of oil and gas resources to fulfil national energy needs and support economic growth in various sectors.
Indonesia explores oil and gas basin for production increase
Minister of Emergy and Mineral Resources, Arifin Tasrif, says Indonesia is currently focusing its efforts on exploring oil and gas basins in an attempt to increase their production amid declining production of the two energy sources.
Oil and gas to continue to play pivotal role In Indonesia energy transition: Minister
Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif says oil and gas will continue to play a pivotal role in securing Indonesia energy supply, particularly in transportation and power sectors, despite the present worldwide trend of adopting cleaner and renewable energy sources amid the transition towards Net Zero Emission by 2060.
Yadea to set up US$150 million electric motorcycle factory in Karawang
Chinese electric motorcycle manufacturer Yadea has commenced the construction of a new factory in the Suryacipta Industrial Area, Karawang, West Java. The sprawling 27-hectare facility is slated to produce 3 million electric motorcycles annually.
ENI spin off of promising oil and gas ventures Indonesia and Ivory Coast
Italian energy behemoth Eni is embarking on a spin-off strategy for its potential oil and gas (O&G) projects, aiming to bolster these endeavors while sharpening its focus on low-carbon business ventures.
Bahlil affirms Indonesia's commitment to encourage downstreaming
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia told the Indonesia-Australia Business Summit (IABS) 2024 in Melbourne on Monday, May 13, 2024, of Indonesia's commitment to encourage downstreaming and transition to sustainable development.
Erick Thohir: Indonesia ready to compete in global health tourism
Minister of State-owned Enterprises (SOEs), Erick Thohir, visited on Sunday, May 12, 2024, the Bali International Hospital (BIH) − currently under construction by PT Pertamina Bina Medika - Indonesia Healthcare Corporation (IHC) − to ensure smooth construction progress of the hospital, which is expected to be one of the world-class health destinations.
Jejakin secures new funding to accelerate climate actions with technology
Jejakin, an Indonesian-based climate tech provider focusing on carbon management platform, has secured new funding of US$2.7 million to finance major areas of R&D, technological improvement, and market growth.
IEEFA: Cut on PLTU dependence to end PLN’s, Indonesia's financial burden
State electricity company PT PLN can solve its financial problems by accelerating the development of solar and wind energy. Increased solar and wind energy capacity, as well as less coal, will cut PLN's cost of generation, which in turn will lower the country's electricity subsidy burden.
Papuan coffee on a road show in Melbourne
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia visited the Papuan Coffee booth at the International Coffee Exhibition Melbourne, Australia, on Sunday, May 12, 2024. The visit was held on the sidelines of his agenda while in Melbourne as a keynote speaker at the Indonesia Australia Business Summit (IABS) 2024.