Business and Investment
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HSBC announces ASEAN growth fund to accelerate startup expansion in SE Asia
HSBC has announced the ASEAN Growth Fund, amounting to US$1 billion (IDR 16 trillion), aimed at accelerating the expansion of startups in ASEAN.
Petrochemical megaproject at risk of stalling, GDP contribution in jeopardy
The Indonesian Olefin, Aromatic, and Plastic Industry Association (Inaplas) has warned that the petrochemical megaproject is at risk of stalling, with the national GDP contribution of Rp41 trillion (US$2.8 billion) per year could be at stake if there is no continuation of a specific natural gas price program (HGBT).
Tsingshan Group to build battery factory in Weda Bay
Tsingshan Holding Group Co.'s business unit, the world's top nickel producer, plans to build a battery factory in Indonesia as part of China's latest investment efforts to boost the Southeast Asian country's economy by downstreaming raw commodities.
Mubadala Energy explores 2nd exploration well in South Andaman
The Contractor Partnership Contract (KKKS), Mubadala Energy RSC Ltd., has completed drilling the second exploration well in the South Andaman Working Area (WK), Tangkulo-1 Well on Sunday, March 24 2024).
Bangka Belitung seeks approval for community mining as tin export plummets
The Bangka Belitung provincial administration seeks expedited approval for community mining permits (IPR) from tin mining blocks that have recently been designated as areas for community mining (WPR) amid the decline in tin exports from the province in the last three months.
PLN Indonesia Power-China Energy Engineering develop green energy in Sulawesi
State electricity company PT. PLN, through its sub-holding PLN Indonesia Power, and China Energy Engineering Group Co., Ltd (CEEC) have signed a Joint Development Study Agreement (JDSA) for exploration of green energy development in Sulawesi.
Indonesia's alumina refinery project in Mempawah reaches 85 percent completion
Indonesia is nearing the completion of a Smelter Grade Alumina Refinery (SGAR) facility in Mempawah Regency, West Kalimantan. The SGAR plant is owned by PT Aneka Tambang (ANTM) and PT Indonesia Asahan Aluminium (Inalum).
RMKE Energy, Atlas Resources collaborate in coal trading
PT RMK Energy (RMKE) through its subsidiary PT Royaltama Multi Komoditi Nusantara (RMKN) has established a collaboration with PT Atlas Resource (ARII) through its subsidiary PT Gorby Putra Utama (GPU) on coal trading with an operational cooperation (KSO) and offtake mechanism.
Ministry auctions Rp5.83 trillion Becakayu Toll Road Section 2B Project
The Ministry of Public Works and Housing (PUPR) has put up for auction the Section 2B of the Bekasi - Cawang - Kampung Melayu Toll Road project or Becakayu Toll Road.
President inaugurated road, airport infrastructure projects in Central Sulawesi
President Joko “Jokowi” Widodo held a working visit to Central Sulawesi Province on March 26, 2024, inaugurating 15 road sections totaling 147 kilometers (km) and renewals of five airports.
China homelife exhibition sparks Chinese investment interest in Indonesia
The recent China Homelife International Trade Exhibition, featuring the Building & Decoration Expo (BDExpo), Appliances & Electronic Show (AES), HomeLife Expo, Decoration & Furniture Expo (DeFu), and International Textile Expo (Intex) from March 13-16, 2024, at JIExpo Kemayoran Jakarta, has sparked interest from several Chinese companies to invest in Indonesia by relocating their factories.
Challenges, opportunities in developing hydrogen-powered vehicles in Indonesia
State energy companies have been proactive in supporting the establishment of ecosystems for hydrogen-based vehicles in Indonesia, yet there are still challenges in presenting hydrogen vehicles on a large scale in the country.