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.
KPPU targets resolution, fines payment of Google monopoly case
The Business Competition Supervisory Commission (KPPU) is targeting the case of alleged Google monopoly violations through Google Play Store and its Google Play Billing (GBP) to be resolved this month, with Google being the subject to a sanction of 50 percent of the net profit of the GBP application.
Negotiations for iPhone 16 production begin, focus on job creation and commitments
The government and Apple Inc. on Tuesday, January 7, 2025 held the first negotiations on its investment plan in Indonesia as part of the mechanism to pass the sale of its latest iPhone 16 smartphones, emphasizing on two additional points and four main objectives.
Apple begins investment negotiations as government seeks greater commitment
Apple Inc. begins negotiations regarding the company's investment plan in Indonesia as Apple’s Head of Global Affairs, Nick Amma, met with a Senior Ministry of Industry official in Jakarta on Tuesday, January 7, 2025.
Erick Thohir targets merger of three state-owned airlines by Q1 2025
Minister of State-Owned Enterprises (BUMN), Erick Thohir, has targeted the merger of three state-owned airlines − PT Garuda Indonesia, PT Pelita Air Service and PT Citilink Indonesia − in the first quarter of this year.
SGAR project boosts growth, creates jobs, expands alumina production
The Smelter Grade Alumina Refinery (SGAR) project, operated by PT Borneo Alumina Indonesia (BAI) as a joint venture between PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang (Antam), is projected to give economic benefits for Mempawah region, West Kalimantan.
TBS Energi acquires SembEnviro, expands regional waste management platform
PT TBS Energi Utama (TOBA), an energy company owned by businessman Pandu Sjahrir, has announced plans to acquire 100 percent of the shares of Sembcorp Environment Pte. Ltd. (SembEnviro), a leading waste management company in Singapore.
PT Supreme Energy Muara Laboh - PLN to develop Muara Laboh geothermal units
PT Supreme Energy Muara Laboh (SEML), a joint company between PT Supreme Energy Sumatera, Sumitomo Corporation and Inpex Geothermal Ltd, signed an amandement of power purchase agreement (PPA) with State power utility PT PLN on December 23, 2024 to develop units 2 and 3 (140 MW) of Muara Laboh geothermal located in South Solok regency, West Sumatra province.
Telkomsel partners with Tencent Mcash to revolutionize B2B services
Telkomsel, Mcash, and Chinese technology giant Tencent are developing AI technology to support Telkomsel's B2B activities in Indonesia.
Sixty textile companies may go bankrupt amid import regulation controversy
The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.
PLN expands biomass co-firing in power plants to boost sustainability growth
State power utility PT PLN, through PLN Energi Primer Indonesia (PLN EPI), will increase the use of biomass co-firing in coal-fired power plants (PLTU) by means of waste to support environmental sustainability and also open up economic opportunities.
IMIP contributes US$14.45 B in export foreign exchange, US$1.16 B in taxes
PT Indonesia Morowali Industrial Park (IMIP), the management of the largest nickel industrial area in Indonesia, has recorded a significant contribution to export foreign exchange and state tax revenues.
PGE launches clean energy exploration in Lampung in support of NZE 2060 goals
PT Pertamina Geothermal Energy (PGE), a subsidiary of State energy company PT Pertamina has embarked on the exploration of several locations to discover new clean energy toward Net Zero Emission (NZE) 2060 target.