Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
FIF secures US$60 million loan for sustainable financing initiatives
PT Federal International Finance (FIF), in collaboration with Mizuho Bank Ltd, MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation Singapore Branch, has succeeded in obtaining a loan worth US$ 60 million aimed at integrating sustainable financing.
Empowering palm oil, collaborative efforts to boost Indonesia's cosmetics industry
The government continues to encourage the palm oil plantation industry, downstreaming the industry towards the cosmetics sector, which is currently part of the Palm Oil Plantation Fund Management Agency (BPDPKS) program.
Pertamina distributes 24 million kiloliters of B35 biodiesel throughout 2023
Commercial arm of State oil and gas company, PT Pertamina Patra Niaga, sold approximately 24 million kiloliters of B35 biodiesel to retail and industrial consumers throughout 2023.
ExxonMobil Cepu Ltd drills first well in Banyu Urip infill clastic project
ExxonMobil Cepu Limited (EMCL) commenced drilling the B-13 well on Saturday, April 27, 2024,marking the drilling of the first well in the Banyu Urip Infill Clastic project in the Cepu Block, Bojonegoro, East Java.
HCML delays submission of Madura Strait contract extension request
Contractor Cooperation Contract Husky–CNOOC Madura Limited (HCML) will postpone submitting the extension request for the Madura Strait oil and gas concession contract, known as the Madura Strait PSC, until next year. This plan deviates from the initial target of submission in the first quarter of 2024.
Freeport holds more potential of untouched gold underground in Papua
PT Freeport Indonesia (PTFI) continues to develop its long-term underground mining, namely the Kucing Liar deposit located in the Grasberg district, Central Papua.
Production up as liquid debottlenecking project in Mahakam Block begins
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) along with the contractor cooperation contract (KKKS) PT Pertamina Hulu Mahakam (PHM) have successfully carried out the onstream Project SWP-G LLP Liquid Debottlenecking in the Mahakam Working Area, East Kalimantan, on April 21, 2024.
PLN-Huawei to develop innovation center, boost foundation for energy transition
State electricity company PT PLN continues to undertake digital-based corporate transformation and development of electricity system technology in line with energy transition measures among others through the development of Joint Innovation Center (JIC) in collaboration with PT Huawei Tech Investment.
BritCham survey reveals high confidence on Indonesia’s investment landscape
The International Business Confidence Index (BCI) 2024 survey, conducted by the British Chamber of Commerce in Indonesia (BritCham), has highlighted Indonesia's positive trajectory as an investment destination.
Foreign investors growingly enthusiastic about Nusantara Capital City development
An executive with East Ventures, an international venture capital firm, says that the conclusion of the 2024 Indonesian general elections has influenced foreign investors' confidence in Indonesia, with many of them being increasingly enthusiastic about the development of the Nusantara Capital City (IKN).
Japan and Indonesia prepare to develop 5G open RAN infrastructure
The Japanese government has announced plans to develop a 5G Open Radio Access Network (Open RAN), an architecture concept in telecommunication networks that allows operators to select and combine hardware and software from various vendors.
SKK Migas awaits proposal for Husky-CNOOC Madura Limited Contract extension
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is awaiting the submission of a proposal for the extension of the Madura Strait contract, also known as the Madura Straits PSC.