Business and Investment
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Bahlil: Indonesian banks reluctant to finance nickel smelters
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia said the majority of nickel smelters in Indonesia are foreign investment despite the fact that 80 percent of nickel mining are owned by Indonesians.
Climate investment challenges in Electricity sector: Between oversupply and demand
Investment in Indonesia's electricity sector is deemed to have reached a saturation point, with high uncertainty is a major concern, despite the pressure to transition to renewable energy sources (RE).
SKK Migas to become CCS business regulator in Indonesia
The government is expanding access to carbon capture and storage (CCS) activities beyond the oil and gas working area (WK), designating the Upstream Oil and Gas Regulatory Task Force (SKK Migas) as the regulator for future CCS activities. The additional role of SKK Migas will be regulated in a Presidential Decree which is expected to be completed this month.
Expensive 'carbon warehouse' investment, govt promotes CCS hub concept
The government is promoting the development of carbon capture and storage (CCS) hubs to reduce the investment costs of CCS facilities domestically.
The extension of Indonesia High Speed Train will be to Yogyakarta
The operator of the Jakarta-Bandung High Speed train, PT Kereta Cepat Indonesia-China (KCIC), reveals that the Whoosh high-speed railway line to Surabaya will be held in stages, with the first phase of extension will be to Yogyakarta.
Minimum standard internet speed to be implemented to improve industries
Speedtest data reveals that Indonesia is addressing its lagging internet speed compared to neighboring countries, ranking 9th out of 11 ASEAN member nations.
Investment in downstream sector reaches US$ 23.6 billion in 2023
The Ministry of Investment/Investment Coordinating Board (BKPM) has noted that investment realization in the downstream sector last year reached US$ 23.6 billion, nearly one third of the total investment realization throughout 2023.
Major Asian banks criticized for weak coal policies
A recent report by Coal Havens assessed coal policies among the 30 largest banks in the Philippines, India, Indonesia, Japan, Malaysia, South Korea, Singapore, Taiwan, and Thailand, which manage total assets exceeding US$ 8 trillion. The study revealed that major Asian banks either lack or have weak coal exclusion policies. Meanwhile, a BankTrack report found that corporate financing remains a preferred option for building new coal infrastructure, indicating gaps in coal exclusion policies.
DBS research forecasts positive economic outlook for risky investments in Q1 2024
DBS Group Research has released projections indicating that the first quarter of 2024 will provide a conducive environment for investments in risky assets such as stocks and corporate bonds.
Captive power plant financing increases, concrete “Stop Coal Financing Policy” needed
Nijmegen, 24 January 2024 - Amid a global decline in project finance for coal-fired power plants, a new report by Dutch research organisation BankTrack finds that corporate finance is the preferred option for building new coal infrastructure. The report shows that there are still loopholes in coal exclusion policies that allow the banking industry to continue financing new coal projects. This is despite the agreement to move away from fossil fuels launched at the COP 28 Climate Change Summit in December 2023.
First commercial biogas plant in Indonesia begins operation
Indonesia achieved a significant milestone in renewable energy as the first commercial BioCNG (Compressed Natural Gas) or Biomethane plant officially commenced operations on January 22, 2024. Located in Blangkahan POM, Desa Blangkahan, Kecamatan Kuala, Langkat Regency, North Sumatra, the plant is constructed by PT KIS Biofuel Indonesia.
Pertamina International Shipping plans IPO, set to release minimum 10% of shares
PT Pertamina International Shipping (PIS) is gearing up for an initial public offering (IPO) on the Indonesia Stock Exchange (BEI) in the coming year, with plans to release a minimum of 10 percent of its shares to the public.