Business and Investment
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Harita Nickel boasts nickel production of 20.75 million tons in 2023, up by 93.7 percent
PT Trimegah Bangun Persada (NCKL), also known as Harita Nickel, recorded a significant increase in the production and sales of nickel ore and ferronickel throughout 2023.
Military modernization and priority amidst arsenal explosion
Chief of the Indonesian Military (TNI) General TNI Agus Subiyanto recently inspected at the site of an Army arsenal explosion in Ciangsana Village, Bogor Regency, West Java.
Nvidia, Indosat to invest US$ 200 million in AI center in Surakarta
In a groundbreaking collaboration, American chip giant Nvidia, in partnership with PT Indosat (ISAT), is set to invest in the field of artificial intelligence (AI) in Indonesia. The technology behemoth will inject US$ 200 million (IDR 3 trillion) into the development of an AI center in Surakarta, Central Java.
Chandra Asri Group, Perum Jasa Tirta II join forces for green energy development
PT Chandra Asri Pacific of Chandra Asri Group, a leading chemical solutions and infrastructure company in Indonesia, has inked a memorandum of understanding (MoU) with State-owned water resource management company Perum Jasa Tirta II (PJT II).
Ministry advances towards establishing robust solar panel ecosystem in Indonesia
Coordinating Ministry for Maritime Affairs and Investment has revealed that Indonesia is currently advancing its efforts from upstream to downstream phases in establishing a robust solar panel ecosystem.
SMI books Rp2.07 trillion in net profit in 2023
State-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) recorded a net profit of Rp2.07 trillion or equivalent to US$144.5 million throughout 2023, partly supported by growth in operating income.
PIS deploys 326 fuel ships, ensuring supply for Idul Fitri
PT Pertamina International Shipping (PIS) guarantees the distribution of fuel oil and LPG via sea routes throughout Ramadan until Idul Fitri period this year.
PT Timah unveils strategic programs in rare earth metal downstreaming
State-owned tin mining giant PT Timah is gearing up to launch two strategic programs this year, with a focus on downstream development and harnessing the potential of rare earth metals − byproducts of tin mining.
Pertamina Geothermal Energy explores massive production of green hydrogen
Pertamina Geothermal Energy (PGE), a subsidiary of State-owned oil and gas company Pertamina, is on the verge of tapping into a significant production capacity of green hydrogen, estimated at around 302 tons per day, with the possibility of exporting a portion of its production.
Indonesia selects Naval Group for Scorpène-class submarines development
Naval Group announced on Tuesday, April 2, 2024, that Indonesia, through PT PAL, has chosen the French state-owned shipyard to collaborate on the development of two Scorpène-class submarines to be produced by Indonesian national shipbuilder PT PAL.
Pertamina focuses on completing Indonesia's largest new refinery project
State-owned oil and gas compamny Pertamina is currently focusing on completing the Balikpapan Refinery Development Master Plan (RDMP), with its Turn Around (TA) Revamp program which is targeted for completion in early May 2024.
Revision of Ande-Ande Lumut oil field development plan approved
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) along with Contractor Cooperation Contract (KKKS) Prima Energy Northwest Natuna Pte. Ltd. (PENN) has concluded discussions on the revision of the plan of development (PoD) I for the Ande-Ande Lumut (AAL) oil field. The revised PoD has been approved by Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif on March 5, 2024.