Business and Investment
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Pursuing Masela Block gas sales, SKK Migas examines LNG market projections
The Upstream Oil and Gas Regulatory Task Force (SKK Migas), along with Inpex Corporation, is still studying global liquefied natural gas (LNG) market projections to secure long-term gas sales contracts for the Masela Block.
Nickel downstreaming said to eliminate farmers & fishermen's income
The global demand for nickel has burgeoned with the rise of electric cars, provoking Indonesian President Joko Widodo to ban export of nickel ores in 2020 as part of the attempt to increase the nation’s revenue through export of only processed nickel.
CELIOS suggests focus on nickel recycling industry development
The Center of Economic and Law Studies (CELIOS) emphasizes the need to focus on developing the nickel recycling industry to avoid negative economic and health impacts from nickel downstream activities.
Government still reviews undersea toll road in IKN
The plan to construct a toll road with an immersed tunnel in the Nusantara Capital (IKN) is still under evaluation as its construction is projected to incur massive costs of up to Rp10 trillion (US$638.3 million), a senior government official says.
Indonesian manufacturing sector outperforms South Korea, Brazil
Minister of Industry Agus Gumiwang Kartasasmita praises the Indonesian manufacturing industry's remarkable growth surpassing the average growth of other countries, including South Korea and Brazil.
Gudang Garam committed to developing Kediri-Tulungagung toll road
PT Gudang Garam (GGRM) has established a Toll Road Business Entity (BUJT) named PT Surya Sapta Agung Tol (SSAT) to undertake the Kediri - Tulungagung Toll Road project.
Harita Nickel’s big plan: From acquisition to new investor entry
Securities company Mandiri Sekuritas has revealed a big corporation action plan by PT Trimegah Bangun Persada (NCKL) or Harita Nickel that will be financed by the proceeds of a private placement or rights issue.
Manufacturing investment during Jokowi president reaches Rp3.031 trillion
The Ministry of Industry has revealed that the realization of investment in the manufacturing sector over the past decade, from 2014 to 2023 under the leadership of President Joko “Jokowi” Widodo, has reached Rp3,031.85 trillion (US$193.9 billion).
Astra Agro Lestari: Indonesia has potential to develop 100% palm oil-based fuel
The Indonesian government continues to push for the development of bioenergy through a blend of diesel fuel and 35 percent palm oil, known as the mandatory biodiesel B35 program. The campaign is strengthened with the introduction of a vision for Indonesia to produce fuel that is 100 percent derived from palm oil, known as B100.
Astra Agro Lestari allocates IDR 1.5 trillion for capital expenditure in 2024
PT Astra Agro Lestari is preparing a capital expenditure of around IDR 1.5 trillion (about US$96 million) this year, with the majority allocated for replanting 5,000 hectares of oil palm trees.
Millions tons of bauxite to remain unsold, $7.7 billion in exports at stake
The Ministry of Energy and Mineral Resources (ESDM) projects that there will be 13.86 million tons of unsold bauxite domestically from this year's upstream mining production capacity. This amount equates to export value of US$494.6 million or Rp7.7 trillion.
MIND ID, Vale Indonesia strikes a deal on divesment share price
Energy and Mineral Resources Minister Arifin Tasrif reveals that Indonesia’s state-owned mining holding company MIND ID and PT.Vale Indonesia have reached a deal on divestment share price.