Business and Investment
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Allianz Life, HSBC Indonesia launch "Premier Legacy Assurance"
PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (Bank HSBC) on Thursday, April 18, 2024, launched a financial protection product − the Premier Legacy Assurance − in the form of inheritance to support customers' prosperous family life in the future.
Government ready to offer incentives to attract Apple inc. investments
Coordinating Minister of Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has announced that the government is prepared to provide incentives to attract investments from Apple Inc., akin to those in India and Thailand.
Abu Dhabi Islamic Bank explores stake acquisition of Bank Syariah Indonesia
Abu Dhabi Islamic Bank (ADIB) is reportedly in talks to acquire a stake in PT Bank Syariah Indonesia (BRIS) worth approximately US$1.1 billion (IDR 17.98 trillion).
Harum Energy to release 49 percent of subsidiary shares to Eternal Tsingshan
PT Harum Energy (HRUM) is about to release a maximum of 49 percent of its shares in subsidiaries in the nickel business, PT Harum Nickel Perkasa (HNP) and PT Tanito Harum Nickel (THN), to Chinese stainless steel smelting giant Eternal Tsingshan Group.
ATLA makes debut on Indonesia stock exchange
PT Atlantis Subsea Indonesia (ATLA) made a remarkable debut on the Indonesia Stock Exchange (BEI) on April 16, 2024, raising IDR 120 billion (US$7 million), and thus becoming the 21st issuer on the exchange this year.
Indonesia-Apple explore manufacturing development, technology Investment
President Joko “Jokowi” Widodo met with Apple CEO at the Merdeka Palace in Jakarta, on Wednesday, 17 April 2024, discussing Apple's strategic plans, including opportunities for the American company’s expansion in Indonesia and deeper integration into the global supply chain.
SPKLUs along Jakarta-Merak toll road ready to serve Electric car travelers
State electricity company PT PLN has ensured that public electric vehicle charging stations (SPKLUs) along the Jakarta-Merak Toll Road are safe and reliable to serve electric car users during the post-Idul Fitri 2024 returning traffic flow.
Government ensures Indonesia does not import oil and gas from Iran
The Ministry of Energy and Mineral Resources (ESDM) ensures that Indonesia does not import oil and gas from Iran in the wake of the Iran-Israel conflict.
Iran-Israel conflict: Cascading effects on Indonesian economy
The escalating geopolitical crisis in the Middle East, coupled with Iran's attack on Israel, poses a threat to the global economic recovery, including Indonesia.
BP-AKR inaugurates 50th BP petrol station operation
PT Aneka Petroindo Raya (BP-AKR) − the management of BP fuel station stations in Indonesia − opened its 50th fuel station, the Raffles Hills BP fuel station, located in Cimanggis sub-district, Depok city, West Java, early this month.
MIND ID encourages renewable energy business diversification
MIND ID, a state-owned mining holding company, is actively promoting its subsidiaries to diversify into renewable energy business ventures.
Defense ministry signs procurement contract for two Italian warships
The Indonesian Ministry of Defense has signed a procurement contract for two Italy-made Pattugliatori Polivalenti d'Altura (PPA), or Multirole Offshore Patrol Vessels, in a move to strengthen the country’s maritime defense and security.