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.
Pertamina-PLN collaborate on 19 geothermal projects for energy transition, security
State energy company PT Pertamina and State electricity company PT PLN have agreed to develop 19 geothermal energy projects with a total capacity of 530 Megawatts (MW) in support of self-sufficiency and accelerating the nation’s transition to clean energy.
Three major firms set to launch IPOs on IDX, one owned by Indonesian conglomerate
The Indonesia Stock Exchange (IDX) has announced that three large-scale companies are in the pipeline to go public through initial public offerings (IPOs), including one owned by a prominent Indonesian conglomerate.
New green textile investments flow into Indonesia amid EU trade deal momentum
The Ministry of Industry has confirmed the arrival of new investments in textile and textile products (TPT) sector during the second half of this year, which is expected to seize market opportunities in Europe following the conclusion of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA).
TIS Energy acquires Sebuku Block from Mubadala, eyes expansion in offshore gas
National Oil and Gas Company, TIS Energy Group, has completed the strategic acquisition of the Sebuku Block from UAE-based energy firm Mubadala Energy, marking a significant step in expanding its upstream oil and gas portfolio in the country.
Danantara eyes renewable energy investment with Japan’s Mitsubishi Corporation
Indonesia’s sovereign wealth agency, BPI Danantara, is exploring a renewable energy investment partnership with Japan’s Mitsubishi Corporation.
Foreign investment falls 12.23 percent in Q2 2025 amid rising geopolitical tensions
Minister of Investment and Downstream Industry, Rosan P. Roeslani, says that foreign direct investment (FDI) in Indonesia fell by 12.23 percent in the second quarter (Q2) of 2025, dropping from Rp230.4 trillion (US$14 billion) in the first quarter to Rp202.2 trillion.
Some listed companies launch rights issues to raise fresh capital
A growing number of Indonesian listed companies are seeking fresh capital through rights issues, officially known as Pre-emptive Rights (HMETD), including PT Indomobil Multi Jasa (IMJS) of the Salim Group, PT Sanurhasta Mitra (MINA), and PT Sarana Menara Nusantara (TOWR).
Danantara yet to finalize investment in Chandra Asri’s chemical plant project
Indonesia’s sovereign wealth fund management agency, BPI Danantara, confirmed that it has not yet finalized the investment amount it may commit to the US$800 million (Rp13 trillion) Chlor Alkali-Ethylene Dichloride (CA-EDC) plant project, currently being developed by a subsidiary of PT Chandra Asri Pacific (TPIA).
U.S. firms committed over Rp370 T worth investment in RI’s clean energy, digital tech
Coordinating Minister for the Economy, Airlangga Hartarto, reveals that Indonesia has secured significant investment commitments from five major U.S. companies, covering sectors such as clean energy, digital technology, and healthcare.
Indonesian AI startups attract investor interest, key areas identified
Indonesian artificial intelligence (AI) startups are increasingly catching the eye of investors, with East Ventures being one of the most active venture capital firms backing this sector, specifically outlining the criteria it looks for when funding AI-driven ventures in the country.
Danantara eyes new investment deal with Saudi SWF, expands global partnerships
Indonesia’s sovereign wealth fund management agency BPI Danantara is set to expand its global investment partnerships, with a potential deal with Saudi Arabia’s Public Investment Fund (PIF).
PGN eyes sustained margins amid higher LNG utilization, operational expansion
State-owned gas distributor PT Perusahaan Gas Negara (PGN) has reported improved operational fundamentals and plans to increase its reliance on liquefied natural gas (LNG) as part of efforts to maintain positive profit margins.