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.
Company named suspect in Cesium-137 radiation case in Banten
Minister of Environment and Forestry Hanif Faisol Nurofiq has announced that PT Peter Metal Technology (PMT) has formally been designated a suspect in the case of radioactive Cesium-137 contamination at the Modern Cikande Industrial Estate in Serang, Banten.
SETARA Institute awards companies for human rights standard compliance
SETARA Institute has awarded 39 companies for their efforts in integrating human rights into business operations during its “Business and Human Rights Appreciation Night” held on Friday, November 28, 2025.
Bakrie Group’s Energi Mega Persada sets US$200 M expansion plan for 2026
Oil and Gas company PT Energi Mega Persada (EMP), a key energy subsidiary under the Bakrie Group, has unveiled an ambitious expansion strategy for 2026, centered on acquiring new oil and gas assets both in Indonesia and overseas.
China to invest Rp36.4 T in Batang Industrial Zone under Indonesia–Fuzhou partnership
China is set to inject Rp36.4 trillion (US$2.2 billion) into the Batang Integrated Industrial Estate in Central Java as part of a major bilateral cooperation initiative, Coordinating Minister for the Economy Airlangga Hartarto announced.
Pollux Hotels Group secures full CGIF guarantee for US$32 million sustainability-linked bond
PT Pollux Hotels Group is issuing its first Sustainability-Linked Bond (SLB) at up to Rp500 billion (US$32 million), backed by an unconditional and irrevocable guarantee from the Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank (ADB).
GoTo executives quit amid leadership shakeup before meeting
Three senior leaders at PT GoTo Gojek Tokopedia (GOTO) have submitted their resignations following the departure of Patrick Walujo from his position as Chief Executive Officer.
PLN Enjiniring drives Indonesia’s hybrid microgrid expansion
PLN Enjiniring is stepping into a pivotal role in reshaping the power supply of Indonesia’s remote and island regions. Speaking at the Electricity Connects Indonesia Conference 2025, Chairani Rachmatullah, President Director of PLN Enjiniring, outlined how the company, acting as the technical and engineering arm of the PLN Group, is leading the transition away from high-cost diesel systems toward hybrid renewable solutions. Meanwhile, PLN, as the owner and operator of the national electricity system, is establishing policy direction and preparing the investment framework needed to scale this transformation.
President meets Russia’s Sistema to explore cooperation in health, education, technology
President Prabowo Subianto held a meeting with top executives of Russia’s conglomerate Sistema Group at the Merdeka Palace in Jakarta on Thursday, November 20, 2025, discussing potential collaboration in healthcare, education, hospitality, and the development of electric passenger ships.
Yunnan Tin eyes PT Timah tie-up, may impact tin prices
PT Timah (TINS) reveals that China’s largest tin producer Yunnan Tin Company Limited has expressed interest in forming a partnership with the Indonesian state-owned tin miner following a meeting of its representatives with the Indonesian company.
Bosch begins construction of new EV component factory in Cikarang, eyes US$299 M investment
PT Bosch Indonesia has begun construction of a new modular electric vehicle (EV) component factory in Cikarang, West Java, with potential investment reaching €259 million (US$299 million or Rp4.84 trillion).
Chandra Asri secures US$750 M financing from KKR for Esso Singapore retail acquisition
Petrochemical company PT Chandra Asri Pacific (TPIA), together with global investment firm KKR, has announced a dedicated US$750 million (Rp12.53 trillion) financing solution to support the group’s growth strategy and its acquisition of Esso-branded fuel retail stations from ExxonMobil in Singapore.
Pollux Group's early repayment of a US$6 million BNI loan reflects confidence in hospitality sector
PT Pollux Hotels Group (POLI) has completed the early repayment of a Rp100 billion (US$6 million) bank loan to state lender Bank Negara Indonesia (BNI), the company announced on Saturday, November 15, 2025.