Business and Investment
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Pertamina sets up strategies against geopolitical impacts, rupiah depreciation
State oil and gas company PT Pertamina has prepared a number of strategic steps to anticipate the impact of geopolitical conditions and the depreciation of the rupiah exchange rate.
Ministry ensures electricity infrastructure development at IKN proceeds as planned
The Ministry of Energy and Mineral Resources (ESDM) has assured that the development of electricity infrastructure in the Nusantara Capital City (IKN) is progressing smoothly according to plan.
Asia’s heatwave dries up coal demand amid rising air conditioning use
A number of countries have begun to feel the impact of the recent heatwave, with a number of Asian countries such as Indonesia, Malaysia, the Philippines, Vietnam, Thailand, Myanmar and India currently battling high weather temperature of 40-48 degrees of Celsius. On the other hand, the increased weather temperature has subsequently led to the increase on the amount of coal used in power plants due to increased use of air conditioning.
ESDM ministry asks PLN to mitigate drought-El Nino impacts
The Ministry of Energy and Mineral Resources (ESDM) visited Southern Sulawesi on Wednesday to ensure electricity supply ahead of the dry season and anticipate the El Nino.
Pertamina speeds up, sets high target of Solar EV-Bioethanol development
Pertamina New & Renewable Energy (PNRE) continues to develop their projects in the field of new and renewable energy, including solar panels (solar EV).
Government outlines 25-year, US$85 billion energy transition program
Kartika Wirjoatmodjo, Deputy Minister of State-Owned Enterprises (SOEs) has revealed the status of energy transition program, the longest and largest project in Indonesian history, which will take 25 years and US$ 85 billion (Rp1,377 trillion) to progress.
Mitratel maintains top rating amidst strong financial performance and growth
PT Dayamitra Telekomunikasi 'Mitratel' (MTEL) has succeeded in maintaining its corporate rating and rating on Medium Term Notes (MTN) debt securities at the idAAA level.
Bank Indonesia pioneers green sukuk for global economic recovery
In an effort to support global economic recovery, the Indonesian Central Bank (BI) will maximize the use of sustainable market instruments in the form of green sukuk in the short-term sharia financial market.
PGN explores construction of mini LNG plant for Meulaboh & Singkil gas
PT Perusahaan Gas Negara (PGN), together with Conrad Asia Energy Ltd (ASX:CRD), is exploring the possibility of constructing a mini LNG plant in connection with the effort to commercialize gas from the Meulaboh & Singkil Blocks, offshore Aceh.
BYD to establish EV manufacturing hub in Subang Smartpolitan
BYD Company Ltd., a leading Chinese electric vehicle (EV) manufacturer, has announced plans to establish a state-of-the-art manufacturing hub in Subang Smartpolitan, Indonesia. The new facility, covering an area of over 108 hectares, will serve as BYD's strategic base for producing electric vehicles and batteries to meet the growing demand in Southeast Asia.
MGRO ventures into carbon dollar revenue from EBT palm oil factory
PT Mahkota Group (MGRO), a company engaged in the palm oil agroindustry, is embarking on the Integrated Sustainable Agro Industry program, a flagship project that will provide a new source of income for the company's business continuity. This innovative industrial model combines sustainability, energy efficiency, renewable energy, and zero carbon emissions.
‘Ayo Kasbon’ application innovation offers early salary withdrawal free of interest
PT Ayo Kasbon Indonesia, a financial technology startup, launched the innovative Ayo Kasbon financial services application in conjunction with Labour Day in Jakarta on Wedesday, May 1, 2024. The Ayo Kasbon application aims to facilitate employees or labourers to collect their salary earlier before the payday.