Business and Investment
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Adhi Karya seeks capital injection of Rp2.1 trillion to expedite two toll road projects
PT Adhi Karya (ADHI) seeks state capital injection (PMN) amounting to Rp2.1 trillion for the fiscal year 2025 to support the development of two sections of the Trans-Java Toll Road (JTT).
Ministry aims for quadrupled production at Inalum
The Ministry of Industry is actively promoting the development of downstream aluminum industries, despite minimal investment interest and production expansion from existing smelters.
Prima Energi reactivates Camar Field to boost oil, gas production
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) in collaboration with the Contractor Partnership Contract (KKKS) PT Prima Energi Bawean (PEB) has completed a series of reactivation activities in the Camar Field, located in the Bawean Working Area (WK).
Chinese investors move into Indonesia’s medical sector
Indonesia's dream of becoming a manufacturing hub for pharmaceutical and medical equipment industry is gradually becoming a reality with the influx of Chinese investment in the healthcare sector, thanks to various incentives provided by the government.
PLN Indonesia Power, China Energy collaborate on green energy development in Sulawesi
PT PLN, through its sub-holding PLN Indonesia Power, recently signed a Joint Development Study Agreement (JDSA) with China Energy Engineering Group Co., Ltd (CEEC) on the development of a comprehensive green energy project in Sulawesi.
Potential global tin supply disruption amid corruption cases in PT Timah
The global tin supply is projected to be disrupted if there is a drastic decrease in production from Indonesia, one of the main producers, which is partly triggered by the domino effect of corruption cases in PT Timah (TINS).
Kilang Pertamina International to build largest oil refinery in Balikpapan by 2025
Indonesia is set to have the largest oil refinery with a capacity of 360,000 barrels per day (bpd) by 2025. This refinery is part of the mega Refinery Development Master Plan (RDMP) project in Balikpapan owned by PT Kilang Pertamina Internasional (KPI) as a Subholding Refining & Petrochemical of PT Pertamina.
Luhut calls for immediate solution to cooking oil price gap
Coordinating Minister for Maritime Affairs and Investment, Luhut B. Pandjaitan emphasized the government's commitment to pay government debt in regards with claims made by cooking oil traders over the price gap incurred as a results of the government’s one-price cooking program.
Three Malaysian investors to invest in IKN’s housing,education sectors
The Nusantara Capital City (IKN) Authority has unveiled a groundbreaking partnership with three prominent Malaysian investors poised to revolutionize the housing and education sectors within the burgeoning landscape of the future Capital City.
Microsoft, Apple plan to invest in Indonesia’s digital and infrastructure sectors
Indonesian Minister of Communication and Informatics Budi Arie Setiadi has revealed that chief representatives of two U.S. computer giants − Microsoft and Apple − are scheduled to come to Jakarta to discuss further of investment plans in Indonesia.
PDAM prepares regional water supply system against freshwater crisis in IKN
In light of the imminent freshwater crisis looming over the prospective Nusantara Capital City (IKN), PDAM Danum Taka, a regional tap water company headquartered in Penajam Paser Utara regency, has unveiled an extensive blueprint aimed at addressing the pressing issue.
Greenlabs-Jubelo collaborate in pioneering algae-based CCS
A new pioneering Carbon Capture and Storage (CCS) technology using green algae (G-algae) based materials in photo tanks is being developed in Indonesia through the collaboration of Greenlabs Indonesia and Jubelo.