Corporate Affairs
Uncovers the dynamics of state-owned enterprises and corporate giants with a vibrant and insightful approach, making the corporate world both fascinating and accessible.
Paragon focuses on innovation and CSR for Ramadan 2025, no immediate IPO plans
Salman Subakat, Co-Founder and CEO of PT Paragon Technology and Innovation, has outlined a number of short-term and long-term company strategies, currently preparing to welcome Ramadan and the Idul Fitri 2025/1446 H.
Danantara set to form JV with UAE, boosting renewable energy and SOEs efficiency
Chairman of the National Economic Council (DEN), Luhut Binsar Panjaitan, reveals that many parties have express interest in establishing a joint venture (JV) with the Daya Anagata Nusantara Investment Agency (Danantara), one of them is from the United Arab Emirates (UAE).
IBC to build EV battery recycling plant by 2031, supporting nickel sustainability
Indonesia Battery Corporation (IBC) is targeting to establish an electric vehicle (EV) battery recycling plant by 2031 in support of nickel sustainability and green energy campaigns.
IBC named investment holding for new energy materials
The government has decided to name PT Indonesia Battery Corporation (IBC) as Investment Holding for the New Energy Materials sector, a move aimed at optimizing the downstreaming of mineral resources into battery raw materials to support the national electric vehicle (EV) industry.
BRI Danareksa Sekuritas targets four IPOs, expands debt underwriting in 2025
BRI Danareksa Sekuritas (BRIDS) targets four companies to list their shares through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2025.
Indonesia and EGA strengthen aluminum production partnership
Coordinating Minister for the Economy Airlangga Hartarto recently met with Abdulnasser Ibrahim Saif Bin Kalban, CEO of Emirate Global Aluminium (EGA), discussing the continuation of cooperation in developing aluminium production through the development of a smelter that processes bauxite in Indonesia.
Indofarma responds to bankruptcy of subsidiary, assuring stability of operations
State-owned pharmaceutical company PT Indofarma has responded to its subsidiary PT Indofarma Global Mendika which was declared in default or bankrupt by the court, assuring stability of operations in the parent company and other subsidiaries.
PTFI accelerates smelter repairs, seeking export relaxation extension amid recovery efforts
PT Freeport Indonesia (PTFI) is accelerating the process of repairing smelter facilities by installing replacement equipment at the Java Integrated Industrial and Ports Estate (JIIPE), Gresik, East Java.
PLN secures €6.5M grant from EU, AFD to accelerate clean energy transition
State energy utility company PT PLN has received a grant of €6.5 million (Rp110 billion) from the European Union (EU) and the Agence Française de Développement (AFD) in assistance to Indonesia’s energy transition agenda.
PHE announces largest exploration discovery in 15 years, a boost in nat’l energy security
PT Pertamina Hulu Energi (PHE), Upstream oil and gas subholding of State energy company PT Pertamina, discovered 652 million barrels of oil equivalent (MMBOE) in 2024, the largest exploration reserve discovery in the last 15 years.
Indofarma Global Medika declared bankrupt amid ongoing graft investigation
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025.
Challenges in housing program: Certification issues affect 3 million homes, BTN takes action to resolve
The Ministry of Housing and Settlement Areas (PKP) said the 3 million housing program is currently facing challenges related to home ownership certification.