Business and Investment
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Ministry foresees impact on petrochemical industry in wake of Iran-Israel conflict
The Indonesian Ministry of Industry is anticipating impact of the Iran-Israel conflict on the national petrochemical industry.
SKK Migas: Early year oil and gas lifting falls short
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has confirmed that the shortfall in oil and gas lifting throughout the first quarter of 2024 was due to floods and low gas demand from downstream industries.
Pertamina to maintain price stability, safe fuel supply amid rise in world oil prices
World crude oil prices have risen following Israel's attack on Iran and subsequent Iran’s counterattack on Israel, with the Brent crude futures being pushed to trade above US$90 after closing 1.1 percent higher on April 10, 2024, while the West Texas Intermediate (WTI) prices approached US$86.
Freeport smelter in Gresik to start operation in early June 2024
PT Freeport Indonesia (PTFI) aims for its new copper smelter in the Java Integrated Industrial and Port Estate (JIIPE), Manyar, Gresik, East Java, to commence operations in early June 2024.
MOFA: Pope Francis to visit Indonesia in September 2024
The Indonesian Ministry of Foreign Affairs has confirmed that Pope Francis, the leader of the Catholic Church, will visit Indonesia from September 3rd to 6th, 2024. The arrival of His Holiness is a state invitation extended by President Joko Widodo.
Starlink to provide internet services in Indonesia
Minister of Communication and Informatics, Budi Arie Setiadi, has announced that US-based Starlink is partnering with local internet providers, initiially to provide internet services in the National Capital of Nusantara (IKN).
Bahlil checks Vale Indonesia's governance before granting permit extension
Minister of Investment /Head of Investment Coordinating Board, Bahlil Lahadalia, said his ministry is verifying the governance of PT Vale Indonesia 's investment before granting the special mining business permit for the company.
Pertamina's oil investment plan in Iran uncertain as Middle East tension rises
The escalating Iran-Israel conflict has not only prompted many countries to issue travel warnings but also brought grim news for investment prospects in the oil-rich region, including oil and gas investment by State energy company PT Pertamina.
National coal production reaches 195 million tons as of Idul Fitri
National coal production this year has reached 195.74 million tons as of Idul Fitri, data from the Minerba One Data Indonesia (MODI) website of the Ministry of Energy and Mineral Resources (ESDM) revealed on Saturday, April 13, 2024.
Bahlil confirms Freeport's permit extension to be granted In June
Minister of Investment /Head of Investment Coordinating Board. Bahlil Lahadalia, has confirmed that the government would grantpermit extension for PT. Freeport Indonesia in June 2024.
Merdeka Battery Materials secures funding for infrastructure development
PT Merdeka Battery Materials (MBMA) has secured a fresh fund of US$ 490 million through a loan facility. The funds, which will be allocated to its subsidiary ESG New Energy Material, are sourced from Bangkok Bank Public Company Limited, Bank Mandiri, and Bank BNI.
Vale Indonesia's contract extension to be confirmed after Idul Fitri
Bahlil Lahadalia, the Minister of Investment and Head of the Indonesia Investment Coordinating Board (BKPM), has disclosed details regarding contract extension of PT Vale Indonesia's (INCO), expecting it to be completed after Idul Fitri.