Business and Investment
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BRI named among “Top 20 companies to monitor in 2024”
State-owned bank PT Bank Rakyat Indonesia, commonly referred to as BRI, has earned a place in Bloomberg Technoz's "Top 20 Companies to Watch in 2024" list due to its strong performance fundamentals.
President Jokowi chairs cabinet meeting on Papua development acceleration
President Joko Widodo (Jokowi) convened a limited Cabinet meeting at the Merdeka Palace in Jakarta on Wednesday, May 8, 2024 to discuss the acceleration of Papua's development. The meeting concluded on the urgent need to improve the quality of education, healthcare, and security in Papua.
BI-UAE Central Bank sign pact to boost local currency transactions
The Indonesian Central Bank (BI) has signed a cooperation agreement with the Central Bank of the United Arab Emirates (UAE) to encourage the use of local currencies for bilateral transactions.
Govt asked to help boost private sector involvement in water infrastructure projects
The Indonesian Chamber of Commerce and Industry (Kadin) seeks government’s intervention to bolster the engagement of private sector in the development of water resources infrastructure.
Geological Agency-Eramet Group partner to advance EV ecosystem
The Indonesian Geological Agency on Monday, May 6, 2024, sealed a collaboration agreement with Eramet Group, a French metallurgical mining company, to conduct a study on critical minerals.
PME completes four underwater projects, boosting national energy infrastructure
PT Pertamina Marine Engineering (PME), an oceanography, underwater and port construction and maintenance services provider of State oil and gas company PT Pertamina, has successfully concluded four underwater work services (UWS) projects in the first quarter of 2024.
World renewable electricity reaches 30 percent, RI lags at 20 percent: Report
Renewable energy record pushes the world towards a new era of less fossil-based electricity.
PIS acquires two VLGCS, gains top tier position in ASEAN LPG transport
PT Pertamina International Shipping (PIS) is solidifying its position as a top-tier player in ASEAN LPG transport by acquiring two additional Very Large Gas Carriers (VLGCs), named VLGC Pertamina Gas Caspia and VLGC Pertamina Gas Dahlia.
Pertamina to increase oil lifting amid production decline
State oil and gas company PT Pertamina is committed to boosting crude oil lifting as part of the efforts to increase oil and gas production capacity despite experiencing a decline in production in recent years.
Govt asked to impose LNG special pricing amid industrial gas supply deficit
The Indonesia Gas Society (IGS) has asked the government to consider implementing special pricing for liquefied natural gas (LNG) as an alternative to address the current deficit in pipeline gas supply.
Waskita to complete seven projects in IKN by June 2024
State-owned construction company PT Waskita Karya has set its sights on completing seven projects in the Nusantara Capital City (IKN) by the first semester of 2024.
PGN supplies natural gas of 9.49 BBtud to Freeport Indonesia smelter
State-owned gas distribution company PT Perusahaan Gas Negara (PGN) has supplied natural gas up to 9.49 billion British thermal units per day (BBtud) to the Manyar Smelter, the largest single-line copper smelter in the world operated by PT Freeport Indonesia.