Business and Investment
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Urgent call for Ministry of Energy: Expediting the creation of local nickel price index
The Minister of Energy and Mineral Resources, Arifin Tasrif, has emphasized the importance of creating the Indonesia Nickel Prices Index as a means of facilitating nickel transactions within the domestic market.
Ministry of Energy and Natural Resources implements mineral export ban and relaxation despite potential losses
The Ministry of Energy and Mineral Resources (Kemen ESDM) will begin issuing a ban on mineral exports starting in June 2023, although the potential for losses still exists.
EV subsidy receives criticism from House of Representatives
The government's subsidy program for electric vehicles (EV) has faced criticism from multiple parties in the House of Representatives (DPR).
Ministry expresses disappointment as Shell delays exit from Masela block
The Ministry of Energy and Mineral Resources (ESDM) expressed its disappointment towards Shell's slow progress in exiting the management of the Masela LNG Project.
Pertamina NRE allocates US$10 billion for green ammonia project in North Sulawesi
PT Pertamina Power & New Renewable Energy (NRE) has allocated a staggering US$10 billion to fund an extensive feasibility study focused on green ammonia production.
SKK Migas identifies promising gas resources in Bali’s northern waters
The Upstream Oil and Gas Business Regulatory Task Force (SKK Migas) identifies significant gas potential in the northern waters of Bali Island.
Thales signed agreement with BSSN to ensure cyber security in Indonesia
The National Cyber and Encryption Agency (BSSN) has selected French cyber security tech company Thales as its partner to optimize cyber security in the Indonesian digital sector.
South Korean cigar company to build factory in Pasuruan Industrial Estate
The largest industrial area in East Java, Pasuruan Industrial Estate Rembang (PIER), welcomes South Korean investors through PT Cell Corp Indonesia, a company specializing in the cigarette industry.
PLN and CCCC signs agreement for renewable energy development in Indonesia
PT PLN (Persero) has recently taken a significant stride towards the development of renewable energy (RE) in Indonesia by signing a business agreement with a Chinese company China Communications Construction Co., Ltd (CCCC).
World Bank to pay East Kalimantan for excess carbon emission reduction
After two days of meeting with World Bank officials, 1 million tons of excess CO2e emission reductions for East Kalimantan for the 2019-2020 period will be paid for by the Forest Carbon Partnership Facility-Carbon Fund (FCPF-CF).
Indonesia’s export market suffers as China’s demand slumps
Indonesian exports witnessed a significant drop last month, but a substantial decline in imports allowed the country ro maintain a trade plus, reflecting the adverse impact of a weakened global economy on trade flows.
Technicoflor Indonesia builds environmentally friendly perfume factory, strengthen its presence in Southest Asia
French perfume production company, Technicoflor, announces establishment of cutting-edge perfume factory in Indonesia, strengthening its expansion in the South East Asia market. The company currently operates in multiple countries, including France, China, the United Arab Emirates (UAE), and Indonesia.