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.
Vale confirms talks, no deal yet with Korean investor in $1.9 billion Sorowako project
PT Vale Indonesia (INCO) has addressed reports regarding the potential entry of a South Korean investor into its Sorowako limonite project, which is currently under construction and valued at approximately US$1.9 billion (Rp31 trillion).
RI prepares US$38.6 B for priority projects, hands over feasibility paper to Danantara
Chairman of the National Task Force for Downstreaming Acceleration and Energy Resilience, Bahlil Lahadalia, has handed over Pre-Feasibility Study (Pre-FS) documents for 18 priority projects to Rosan P. Roeslani, CEO of Indonesia’s sovereign wealth fund, Danantara.
Danantara gets US$10 B foreign loan backed by SOE dividend stream
CEO of Indonesia’s investment management agency BPI Danantara, Rosan P. Roeslani, reveals that the agency has obtained US$10 billion (Rp163 trillion) in unsecured loans from foreign banks, a feat indicating global investor confidence in the country’s investment authority.
PHE to develop 12 CCS/CCUS projects, first injection targeted for 2030
Pertamina Hulu Energi (PHE), the upstream subsidiary of State energy giant Pertamina, has announced its readiness to develop 12 Carbon Capture and Storage (CCS) and Carbon Capture, Utilization and Storage (CCUS) projects, with a total storage capacity of 7.3 gigatons of CO₂, targeting first carbon injection by 2030.
BNI to support Red-and-White Cooperatives in strengthening grassroots economy
State-owned bank PT Bank Negara Indonesia is determined to support the Red-and-White Village and Urban Cooperative Program, launched by President Prabowo Subianto, in Bentangan Village, Klaten, Central Java on Monday, July 21, 2025.
QNET Kicks Off V-Malaysia 2025, Showcasing Empowerment and Global Entrepreneurial Growth
QNET, a global e-commerce-based direct selling company, officially opened V-Malaysia 2025, its flagship international convention, bringing together more than 8,000 entrepreneurs from over 30 countries.
KDMP launch to boost BRI’s microfinance reach and stock prospect: Indo Premier
The launch of the Red-and-White Village Cooperative Program (KDMP) by the Indonesian government is expected to deliver a positive impact on the business outlook and stock performance of PT Bank Rakyat Indonesia (BRI).
PT Vale Indonesia awaits 3rd partner for HPAL smelter project in Sorowako
Mining company PT Vale Indonesia (INCO) is still in the process of securing a third partner for its High Pressure Acid Leaching (HPAL) smelter project in Sorowako, East Luwu, South Sulawesi.
MIND ID promotes responsible ocean mining, sustainability at marine affairs event
Indonesia’s state-owned mining holding company, MIND ID, reaffirmed its commitment to sustainable and responsible ocean mining operations during the National Technical Working Meeting (Rakernis) of the Ministry of Marine Affairs and Fisheries' Directorate General for Marine Spatial Management (PRL) held on July 15, 2025.
Vanda RE seals agreement with CATL to push on Indonesia’s green energy corridor
Vanda RE Pte Ltd, a joint venture between Singapore’s Gurīn Energy Pte Ltd and Gentari International Renewables Pte Ltd, has signed a framework supply agreement with Contemporary Amperex Technology Co., Limited (CATL), one of the world’s leading battery technology and energy storage providers.
IPO Leak: Another Prajogo Pangestu’s grandchild company to go public
Tycoon Prajogo Pangestu continues to make waves on the Indonesia Stock Exchange (IDX) as he is now reportedly preparing to launch another IPO from his mining and energy business line under PT Petrindo Jaya Kreasi (CUAN) after successfully listing PT Chandra Daya Investasi − an infrastructure investment arm of PT Chandra Asri Pacific (TPIA).
Pelindo asked to install air quality monitoring systems across port operations
Minister of Environment and Forestry Hanif Faisol Nurofiq has called on all subsidiaries of state-owned port operator Pelabuhan Indonesia (Pelindo) to establish air quality monitoring systems at their operational sites in a bid to curb rising air pollution levels in port areas.