Business and Investment
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The Indonesia Investment Authority (INA) allocated IDR 28 trillion of its total investment fund to new renewable energy sector accelerating Indonesia's energy transition
Indonesia Investment Authority (INA), an endowment management institution, stated that it allocated 20% of its total investment allocation to the new renewable energy (EBT) sector.
IBM acquires Equine Global to modernize business and improve AI transformation in Indonesia
International Business Machines (IBM), United States (US) technology giant acquired Equine Global, a specialist enterprise resource planning (ERP) company and provider of cloud consulting services based in Indonesia.
SKK Migas maps 10-years uncommited LNG trend with 304.6 cargo projection by 2030
Indonesia's Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) is strategically mapping the upward trend of uncommitted liquefied natural gas (LNG) over the next decade.
Jindal Stainless, India's largest stainless steel producer set to leave Indonesia
Jindal Stainless Ltd (JSL), India's largest stainless-steel producer, has decided to discontinue its operations in Indonesia due to unfavorable market conditions.
Indonesia's clean energy transition exposes coal miners to possible layoffs
Indonesian coal miners are facing the prospect of losing their jobs as the country embraces clean energy, necessitating the early shutdown of coal mines.
Oil and gas firms face mounting financing challenges amid rising environmental concerns
Concerns about the environmental impact of fossil fuels continues grow, oil and gas companies are encountering increasing difficulties in securing financing for their projects. Executives in the oil and gas industry have emphasized the need for these firms to demonstrate a more environmentally friendly energy agenda.
TikTok, Youtube, and Instagram social media giants seek e-commerce licenses in Indonesia amid regulatory changes
Recently, Indonesia has imposed a ban on e-commerce transactions on social media platforms, which has prompted tech giants like TikTok, Instagram, and YouTube to explore obtaining e-commerce licenses in the country.
Republikorp enters partnership with Korean defense firm LIG Nex1 on missile production and transfer of technology
Republikorp, an Indonesian defense company, has successfully entered into a strategic partnership with the LIG Nex1, a South Korean firm. Both parties have committed to producing and transferring technology for various types of missiles, including the South Korean-made Raybolt missile.
US investors express interest in green tourism projects in Indonesia
Several investors from the United States, including well-known names such as Marriott Group, MasterCard, and other major US companies, have expressed their interest in developing green tourism projects in Indonesia.
Domestic iron and steel industry calls for foreign investment to boost production
The Indonesian Iron and Steel Industry Association perceives an imbalance in the country's iron and steel industry. Foreign investments are needed to address this gap.
PLN and Tebian Electric collaborates to develop and study electrical manufacturing
PT PLN (Persero), has joined forces with China's Tebian Electric Apparatus (TBEA) Co Ltd to explore cooperation in the study and development of electrical manufacturing businesses aimed at accelerating the energy transition in Indonesia.
Bank Central Asia reports strong performance at 25.8% year-on-year growth in net profit
PT Bank Central Asia Tbk (BCA) and its subsidiaries have announced an impressive net profit of IDR 36.4 trillion, signifying a robust 25.8% year-on-year growth in earnings up to September 2023.