Business and Investment
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Pertamina Group secures 9 MoUs for collaboration and development in renewable energy
Pertamina Group signed 9 MoUs for new renewable energy (NRE) business potential with various strategic partners in the fields of technology development, business and renewable energy applications in the form of projects and long-term collaborations.
Rekind establishes a factory to convert palm oil waste into high-value compounds, pioneering eco-friendly solutions
PT Rekayasa Industri (Rekind) is designing a factory location in Bogor, West Java, to be the first company to convert palm oil waste into high-value compounds and bioethanol derivatives through a fractionation process.
Pertamina collaborates with Toyota to develop hydrogen vehicle ecosystem
To encourage energy transition policies in Indonesia, PT Pertamina (Persero) is continuously innovating in the field of Renewable Energy (EBT).
Medco Energi Internasional is committed to export clean energy to Singapore
PT Medco Energi Internasional (MEDC) will pursue development in domestic solar panel development for a lucrative clean energy export to Singapore.
Hyundai Motor Manufacturing continues factory development to support the increasing EV production and export demands
Hyundai Motor Asia Pacific through its subsidiary PT Hyundai Motor Manufacturing Indonesia (HMMI) will continue to build 2 factories in Indonesia to increase production and export to overseas markets.
Pertamina Hulu Rokan discovers large oil reserves achieves significant production increase in Rokan Block
PT Pertamina Hulu Rokan (PHR) recently discovered the presence of Sumatra Light Crude oil content in the Rokan working area (WK) in Riau and produced additional production of 1,231 barrels of oil per day (bopd).
Wilmar Group, Musim Mas Group, and Permata Hijau Group assets seized in relation to palm oil export corruption scandal
A number of companies in the crude palm oil sector were searched and their assets were confiscated after being named as suspects in the Crude Palm Oil (CPO) export corruption case by the Attorney General Office's Investigation Directorate.
Ministry of Energy and Mineral Resources launches joint investigation into alleged illegal export of 5 million tons of nickel ore to China
The Ministry of Energy and Mineral Resources (ESDM) will cooperate with a number of institutions to further investigate the alleged illegal export of 5 million tons of nickel ore to China from 2020.
Indonesia and Japan amends partnership agreement in hope to improve trade and investment
Indonesia and Japan have agreed to amend the Indonesia-Japan Economic Partnership Agreement (IJEPA). Amendment to the agreement has the potential to increase Indonesia's fisheries exports to Japan.
Indonesia Power and Nusantara Power develop more floating solar power plants in Java
PT PLN Indonesia Power and PT PLN Nusantara Power, two subsidiaries of PT Pembangkit Listrik Negara (PLN) (Persero), will add two floating solar power plant (PLTS) projects in Java, while another PLTS is almost finished.
Utilization of Indonesia's green energy remains at 4% despite the government's effort in green projects
The Indonesian Renewable Energy Society (METI) said that the use of new and renewable energy (NRE) in the Indonesia is still stuck at 4% or 147.4 gigawatts (GW) out of the total potential of 3,685 GW despite efforts geared towards decarbonization by building green power plants and cancellation of steam power plant (PLTU).
BI introduces fees for QRIS merchants despite the downsides it may cause
Bank Indonesia (BI) began to set a service fee for transactions using the Indonesian Standard Quick Response Code (QRIS) at 0.3% which took effect on July 1, 2020. The extra fee is imposed on micro-scale businesses and merchants (UMI) instead of buyers.