Business and Investment
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ESDM coordinate with Finance Ministry on Vale Indonesia's tax after divestment
The Energy and Mineral Resources Ministry is coordinating with the Ministry of Finance on concerted effort to increase the state revenue after the divesment of 14 percent shares of PT Vale Indonesia, a subsidiary of Vale Canada Limited (VCL).
Indo Tambangraya Megah increases stake in renewable energy subsidiary
PT Indo Tambangraya Megah (ITMG) has raised its ownership stake in its subsidiary, PT Cahaya Power Indonesia (CPI), which operates in the renewable energy sector, particularly solar power. The increase in shares reflects the company's strategy to expand its business beyond the coal sector.
Pertamina NRE sells 491,000 tons of carbon credits since September
Pertamina New Renewable Energy, a sub-holding of PT Pertamina focusing on new and renewable energy has sold 491,000 tons of carbon credits since the launch of the Indonesia Carbon Exchange on September 26, 2023, until January 31, 2024.
Indo Tambangraya Megah explores acquisition opportunities, focuses on nickel
PT Indo Tambangraya Megah (ITMG) is exploring the opportunity to acquire several mining companies, with a specific focus on nickel.
ESDM minister: Freeport smelter ready to operate in June 2024
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said PT Freeport Indonesia's (PTFI) smelter in JIIPE area, Gresik, East Java is ready to operate in June 2024.
A big global electric motorcycle manufacturer to invest in Indonesia
A big global electric motorcycle manufacturer from an Asian country has shown interest in investing in Indonesia, eyeing a manufacturing plant site in West Java’s Bekasi and Karawang regencies, an official with the Coordinating Ministry for Maritime Affairs and Investment said on Thursday.
Indonesia postpones Jakarta -Surabaya High Speed Train
Difference between Indonesia and Japan's calculation on Jakarta-Surabaya High Speed Train project has apparently forced the Indonesian government to postpone the project and exclude it from the list of national strategic project.
PLN-Mitsui conflict on Paiton 3 divestment disrupts investment
A new chapter in the dispute between Mitsui & Co Ltd and State electricity company PT PLN regarding the certainty of the Paiton 3 divestment could set a precedent reflecting the high investment uncertainty in Indonesia.
The US probes Indonesia over antisubsidy policies
The Indonesian Ministry of Trade, through the Directorate General of Foreign Trade, has facilitated the verification of the antisubsidy investigation conducted by the United States Department of Commerce (USDOC) on February 19-21, 2024, in Jakarta.
VKTR initiates construction of Indonesia's First EV Completely Knock Down facility
PT VKTR Teknologi Mobilitas (VKTR), a subsidiary of the Bakrie Group, has commenced the construction of Indonesia's first Completely Knock Down (CKD) electric bus and truck facility.
West Sulawesi to have first dam for agricultural, industrial supports
The Ministry of Public Works and Public Housing (PUPR) is currently constructing the Budong-Budong Dam in Central Mamuju regency, the first dam in West Sulawesi province built under the national strategic project (PSN) scheme.
SUN Energy secures IDR 500 billion green financing for solar energy projects
Indonesia’s solar project developer, SUN Energy, has secured green financing of IDR 500 billion (US$ 32 million) from PermataBank for the development of solar energy projects in Indonesia.