Business and Investment
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Agro Bahari Nusantara makes IPO debut, plans to expand shrimp farming business
PT Agro Bahari Nusantara Tbk, a company specializing in shrimp farming and aquaculture, gears up for its debut on Indonesia Stock Exchange (BEI). The company plans to offer 500 million new shares, equivalent to 28.57% of its issued and fully paid-up capital, in an initial public offering (IPO).
Mayora explores and attempts expansion of its market to Nigeria
PT Mayora Indah Tbk (MYOR) is trying to explore and expand its market to Nigeria, West Africa, through Mayora Nigeria Ltd.
PLN pioneers green hydrogen production in Indonesia aiming for game changing energy transition
In a groundbreaking achievement, Indonesia's state-owned electricity company, PLN (Perusahaan Listrik Negara), has inaugurated the country's first Green Hydrogen Plant (GHP). Located at the Muara Karang Gas Power Plant (PLTGU) in Jakarta, the GHP has the capacity to produce 51 tons of green hydrogen annually.
Pertamina NRE, PLN, Dutch Solar and Tidal Bridge BV signed MoU for solar and tidal power plant
The Indonesian government through Pertamina NRE and PLN has extended an invitation to the Netherlands with Dutch Solar and Tidal Bridge BV to collaborate on a range of clean energy projects, spanning from solar to ocean wave energy.
BREN's IPO oversubscribe 135 times raising IDR 3.13 trillion for renewable energy advancement
PT Barito Renewable Energy (BREN) witnessed an overwhelming response from its IPO, with demand exceeding the minimum pooling requirement by more than 135 times. BREN successfully secured funds amounting to IDR 3.13 trillion.
French Tech Indonesia to hold an AI Summit, hoping to bring AI enthusiasts and entrepreneur together
French Tech Indonesia, a diverse community uniting entrepreneurs, startups, investors, incubators, accelerators, and technology players in Indonesia, is set to host its flagship event, the French Tech Indonesia: AI Summit 2023, on October 10, 2023.
Ministry of Energy and Mineral Resources to auction 10 mineral and coal mining bussiness permit (WIUP) work areas worth over IDR 200 trillion
The Ministry of Energy and Mineral Resources (ESDM), through the Committee for the Auction of Mineral and Coal Mining Business Permits, is set to conduct an auction for Mineral and Coal Mining Business (WIUP) permits related to metal minerals and coal, with a combined compensation value exceeding IDR 200 billion.
OIKN seeks investment opportunities and collaboration with MEDEF and Deltares for IKN project
The Indonesian government is actively engaging with foreign investors for the construction of the IKN in East Kalimantan, with several French and Dutch companies being potential partners.
Attorney General initiates investigation into sugar import scandal at the Ministry of Trade
Investigators from the Attorney General's Office (Kejagung) conducted a search at the Ministry of Trade (Kemendag) on October 3, 2023. This move is part of an ongoing probe related to sugar imports.
PTPN V partners with Aiken Kakoki from Japan for groundbreaking of biogas power plant
PT Perkebunan Nusantara V (PTPN V), a subsidiary of Holding PTPN III, has embarked on a groundbreaking collaboration with the Japanese technology company Aiken Kakoki. Together, they are set to construct a cutting-edge biogas power plant known as PTBg co-firing in the Riau Province of Indonesia.
PGE and Chevron sign agreement to manage and operate Way Ratai geothermal work area
The Chevron New Energies Consortium, represented by PT Jasa Daya Chevron (Chevron) and PT Pertamina Geothermal Energy Tbk, has signed multiple agreements that will serve as the foundation for the establishment of a new local business entity and the allocation of exploration commitment funds into a shared account.
Eni discovers giant gas reserves in North Ganal, East Kalimantan
Italian oil and gas company Eni has successfully discovered gas reserves in the North Ganal Working Area in East Kalimantan, Indonesia, with an initial estimated gas in place of 5 trillion cubic feet (Tcf).