Business and Investment
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Pertamina Geothermal Energy collaborates with Chevron and Mubadala for Geothermal exploration in Kotamobagu
PT Pertamina Geothermal Energy Tbk (PGEO) has entered into a collaboration with Chevron New Energies International and Mubadala Energy. The collaboration involves a Joint Study Agreement (JSA) to explore the geothermal potential in Kotamobagu, North Sulawesi.
President Joko Widodo welcomes discussions on increased stake in Freeport
President Joko "Jokowi" Widodo met with Freeport McMoRan Chairman Ricard Adkerson at the Waldorf Astoria Hotel in Washington DC, USA, on November 14, 2023. During the meeting, Jokowi welcomed discussions on the increase of Indonesia's stake in PT Freeport Indonesia (PTFI) from the current 51% to 61%, along with the extension of the mining permit that has reached the final stage.
Kliring Penjaminan Efek Indonesia recognized as third country central counterparty in Europe with low risk
The Financial Services Authority (OJK) has officially signed a MoU with the European Securities and Markets Authority (ESMA), leading to the acknowledgment of PT Kliring Penjaminan Efek Indonesia (KPEI) as a Third Country Central Counterparty (TC-CCP) in the European market.
Meidy Katrin Lengkey, Secretary General of APNI: “China’s government support their nickel business expansion in Indonesia “ (Part II)
Indonesia Business Post interviewed the secretary general of Indonesia Nickel Miners Association (APNI ) Meidy Katrin Lengkey on October 15, 2023. APNI was established on January 6, 2017 in Jakarta. The association has a commitment to transform nickel as Indonesia's natural resource into the wellbeing and the sustainable development of Indonesian people with best mining practices.
GSMA warns Indonesia of potential losses urging for 5G spectrum price review
The Global System for Mobile Communications Association (GSMA) predicts that the Indonesian government could lose potential revenues amounting to IDR 216 trillion if it does not reassess its 5G internet services.
Bank Indonesia invites potential Japanese investors to invest in clean and clear project in Indonesia, citing five key reasons
Governor of Bank Indonesia (BI), Perry Warjiyo, extends an invitation to potential Japanese investors to consider opportunities in Indonesia in clean and clear projects and further strengthening partnership between the two countries.
President Joko Widodo reveals growing interest from investors in Indonesia's hydropower projects
President Joko ‘Jokowi’ Widodo announces increasing investor interest in renewable energy projects in Indonesia, particularly in hydropower.
Southeast Asia startups investment experience 87% YoY decline in Q1 due to challenging market and cautious investors
Investments in Indonesian startups plummet 87% YoY from US$ 3.3 billion to only US$ 400 million during the first half. Google, Temasek, and Bain & Company reveal the contributing factors.
KADIN and IISIA plan strategic acquisitions for steel raw materials in South America and Australia
Indonesian Chamber of Commerce (KADIN) and The Indonesian Iron and Steel Industry Association (IISIA) propose a major plan to acquire metal mining companies in Latin America or Australia, aiming to secure the national steel raw material supply.
Meidy Katrin Lengkey, Secretary General of APNI: Indonesia can replace Arab as new energy commodity producer because of nickel (Part I)
Indonesia Business Post interviewed the secretary general of Indonesia Nickel Miners Association (APNI) Meidy Katrin Lengkey on October 15, 2023. APNI was established in January 6, 2017 in Jakarta. The association has a commitment to transform nickel as Indonesia'a natural resource to support the wellbeing and the sustainable development of Indonesian people through the implementation of best mining practices.
Nickel resources are still secure said Ministry amidst claims nickel reserves are depleting
The Ministry of Energy and Mineral Resources (ESDM) has refuted claims that the country's nickel reserves are dwindling. However, Ing Tri Winarno, the Director of Mineral and Coal Program Development at the Ministry of Energy and Mineral Resources, Indonesia still has around 5 billion tons of nickel reserves.
Seven investors boosts Mandalika tourism project building various infrastructure projects
Indonesia Tourism Development Corporation (ITDC) signed agreements with investors for tourism development in the Mandalika Special Economic Zone (KEK) in Jakarta. The collaborative effort involved PT Arena Pacu Nusantara, PT ARCS House, PT Istana Putri Mandalika, and PT Ecomarine Indo Putra.