Indonesia Business Post

Pertamina’s subsidiary, SNF SAS of France collaborates to optimize polymer flooding in oil production

PT Elnusa Petrofin, a subsidiary of PT Pertamina and SNF SAS of France have joined forces through a cooperation agreement to secure exclusive distribution of the Polymer Injection Enhanced Waterflooding project from 2023-2026.

PT Merdeka Copper Gold Tbk allocates US$ 750 million for Capex to its subsidiaries

PT Merdeka Copper Gold Tbk, a leading gold and copper mining company, has earmarked a substantial capital expenditure (Capex) of up to US$ 750 million (IDR 11 trillion) for several of its subsidiaries. This represents an increase of over IDR 5 trillion compared to the US$ 390 million (IDR 5.8 trillion) allocated in 2022.

Striking the balance: Criticism of government incentives for the IKN project

The pursuit of the new capital city project in East Kalimantan, also known as the IKN project, has been met with caution by a public policy observer from Trisakti University Trubus Rahadiansyah.

Vale insists on becoming controlling shareholder after divestment

Indonesian Minister of Energy and Mineral Resources Arifin Tasrif stated that Vale Canada Limited (VCL) insisted on being the controlling shareholder of PT Vale Indonesia Tbk. (INCO) after the planned divestment. As previously reported, the divestment is part of the requirement to convert Vale's work contract into a special mining business permit (IUPK).

The Ministry of Industry takes proactive steps to counter industrial slowdown

The Ministry of Industry (Kemenperin), has taken proactive measures to address the slowdown of the industrial sector. This slowdown is reflected in the Purchasing Managers' Index (PMI) for May 2023, which recorded a decrease from the previous month's figure of 52.7 to 50.3.

Zhejiang Hailiang Co establishes the first biggest copper foil factory in Indonesia boosting electric vehicle production

Zhejiang Hailiang Co., the largest copper pipe and cable manufacturing company from China, is one step closer to opening its first copper foil factory in Indonesia, which is said to be the largest in Southeast Asia.

Indonesian electric vehicle market value predicted to reach IDR 30 trillion

The Indonesian electric vehicle market is projected to reach a total valuation of US$2.02 billion, or equals to IDR 30 trillion, based on a report published by Maximize Market Research.

President Joko Widodo resumes exports of Indonesian sea sand despite criticism

President Joko "Jokowi" Widodo has announced the reopening of Indonesia's sea sand export starting from May 15, 2023, despite heavy criticism. The policy aims to control sea sedimentation. However, it is emphasized that domestic needs, such as infrastructure development and land reclamation, must be prioritized.

Singapore banks begin funding smelter projects

Deputy of Investment and Mining of the Coordinating Ministry for Maritime and Investment Affairs Septian Hario Seto, said that Singaporean financial institutions have becoming more and more aggressive in disbursing smelter financing to Indonesia this year.

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Business and Investment