Business and Investment
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Pertamina explores renewable energy investment opportunities in Africa
Pertamina New Renewable Energy (NRE) has expressed its interest in investing in gas-based and renewable energy (RE) electricity provision in Africa. The plan was announced by Pertamina NRE CEO Dannif Danusaputro during his visit to South Africa on Friday, August 25th.
MIND ID, Freeport, and ANTAM forms consortium to help the development of Papua
MIND ID, Freeport and Antam will form a consortium to assist the development of Papua through impactful actions helping the government of Indonesia.
Indonesia poised to harness billions from the growing halal industry, but challenges persist
Sri Mulyani, Minister of Finance said that Indonesia has a great opportunity to reap benefits from the development of the global halal industry. However, various challenges still have to be faced.
PepsiCo returns to Indonesia with a multi million investment in a snack factory
PT PepsiCo Indonesia Food and Beverages (PepsiCo) returns to Indonesia and builds an IDR 3.04 trillion snack factory in Cikarang, West Java.
State Asset Management Institute (LMAN) contributes toward infrastructure growth with IDR 98.103 trillion investment in national project
The State Asset Management Institute (LMAN) from 2017 to August 2023 has spent IDR 98.103 trillion for land acquisition for 52 toll roads.
Indonesia's abundant nickel reserves to lasts for 15 years, Ministry aims for sustainable exploration
The Ministry of Energy and Mineral Resources (ESDM) stated that estimates of Indonesia's nickel reserves are only sufficient for 15 years.
Bank Indonesia to introduce Rupiah securities to attract foreign investment and strengthen financial market depth
Bank Indonesia (BI) is set to launch the Rupiah Securities of Bank Indonesia (SRBI) as part of its monetary operations. In a move aimed at boosting foreign investment and enhancing market depth.
ADB approves US$ 85 million loan for the agricultural sector in Indonesia
The Asian Development Bank (ADB) has granted a US$ 85 million loan, equivalent to around IDR 1.3 trillion, to Indonesia. This loan is earmarked for the development of the agricultural sector, with the aim of directly benefiting tens of thousands of farming families.
Investors hesitate to fund early retirement of coal-fired power plants, CSIS says
According to a survey by The Centre For Strategic and International Studies (CSIS) and Tenggara Strategics, funding for the early retirement of coal-fired power plants (PLTU) is not gaining significant interest from foreign investors.
Green milestone achieved as West Nusa Tenggara launches groundbreaking CBG plant
In a remarkable stride towards sustainability, Governor Zulkieflimansyah of West Nusa Tenggara (NTB) placed the cornerstone for the construction of a Compressed Biogas (CBG) factory in West Lombok District on Thursday, August 17, 2023. This significant step underscores NTB government's commitment to emission reduction and a greener future.
PLN partners with NuScale Power to develop small-scale modular nuclear reactor by 2030
PT Pembangkit Listrik Negara (PLN) (Persero) will develop a nuclear power plant through its subsidiary PLN Indonesia Power (PLN IP) in cooperation with NuScale Power from the US and several other entities.
ASEAN's largest floating solar power plant is set through collaboration between PJB and Masdar
A floating Solar Power Plant (PLTS) in Cirata Reservoir, West Java will soon be constructed with an investment value of IDR 1 trillion.