Business and Investment
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Indonesia's first titanium smelter in Bangka reaches 75% completion
Indonesia is set to have its first titanium smelter, which is currently under construction in Bangka Regency, Bangka Belitung Islands. The progress of this project has reached 75%.
Bank Indonesia plans digital rupiah trial in 2024 as part of national payment system development
Bank Indonesia (BI) is gearing up for a trial of its central bank digital currency, known as the digital rupiah, in 2024. The central bank intends to collaborate with large-scale financial institutions for this pilot, according to Deputy Governor Juda Agung. This initiative is highlighted as one of the five short-term focuses in the development of the national payment system.
AKR Corporindo expands LNG project in collaboration with BP gas and Power Investment Limited
PT AKR Corporindo Tbk (AKRA), a prominent oil distributor, is set to embark on a liquefied natural gas (LNG) project in the Java Integrated Industrial and Port Estate (KEK JIIPE) in Gresik, East Java.
Pertamina Finalizes Decision on Investment for Masela Block Totaling IDR 535.96 Trillion
Pertamina is looking forward to making the final investment decision (FID) for the LNG Abadi Block Masela project in the Tanimbar Islands, Maluku, in the next one to two years.
Industrial zone management company Surya Semesta Internusa boost land sales to support industry development
PT Surya Semesta Internusa Tbk. (SSIA) is gearing up to enhance the sales of industrial estate land amid the flourishing manufacturing sector in Indonesia.
Harita Nickel (NCKL) ensures long-term nickel supply
Harita Nickel (NCKL) is actively securing the long-term nickel supply by exploring untapped mining permits (Izin Usaha Pertambangan or IUP).
Chery invests IDR 250 billion in Indonesia for electric vehicle production
PT Chery Sales Indonesia (CSI) is set to invest IDR 250 billion for the production of their first electric vehicle in Indonesia, the OMODA 5E. Currently, the electric car has already garnered 400 orders.
Indonesia's environmental future an urgent challenge and a path to sustainability
Indonesia is grappling with a critical environmental crisis as anthropogenic pressures and diminishing environmental capacity give rise to ecological disasters, triggering social and economic upheavals.
President Jokowi inaugurates Tangguh Train 3, boosting Indonesia's LNG production
President Joko "Jokowi" Widodo inaugurated the Tangguh Train 3 National Strategic Project (PSN) in Teluk Bintuni regency, West Papua province, on November 24, 2023. The newly inaugurated facility is poised to enhance Tangguh's annual LNG production to an impressive 11.4 million tonnes.
Contemporary Amperex Technology (CATL) investment in Indonesian battery megaproject to be completed in December
Contemporary Amperex Technology Co (CATL), a prominent Chinese battery manufacturer, is set to fulfill its investment commitment for an Indonesian battery project in early December 2023.
PT Timah explores downstreaming potential in rare earth monazite mining in Bangka Belitung
PT Timah, a state-owned mining holding company has announced that it is currently conducting a study on the mining of rare earth metal monazite.
Obstacles to invest in NRE in Indonesia according to Ernst & Young
Ernst & Young (EY), an international audit institution, assesses that the main obstacles to investing in new renewable energy (NRE) in Indonesia are the lack of viable projects and obstacles in policies and processes.