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.
Barito Pacific denies IPO plans for Griya Idola, gold mining arm amid speculation
PT Barito Pacific (BRPT) has dismissed market speculation surrounding the rumored initial public offering (IPO) of two companies linked to Indonesia’s richest man Prajogo Pangestu − its property subsidiary PT Griya Idola and an unnamed gold mining company.
Hashim Djojohadikusumo inaugurates two green factories in Sumatra
Business tycoon Hashim Djojohadikusumo recently launched two environmentally friendly factories under Arsari Group, marking a significant step in sustainable industrial development in Sumatra.
Tycoon Hermanto Tanoko plans for chemical sector IPO, eyeing market expansion
Businessman Hermanto Tanoko has revealed plans for a new corporate breakthrough, announcing that one of his companies in the chemical sector is preparing for an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Danantara to consolidate 889 SOEs under one command to accelerate nat’l growth
Chief Investment Officer (CIO) of Indonesia’s sovereign investment agency BPI Danantara, Pandu Sjahrir, has revealed the agency’s plan to consolidate 889 state-owned enterprises (SOEs) into a streamlined structure under a single command aimed at reducing the current number of SOEs to around 200, simultaneously allowing for tighter coordination and stronger national synergy.
Chandra Daya's IPO oversubscribed 400 times, draws over Rp30T in investor funds
The initial public offering (IPO) of PT Chandra Daya Investasi (CDIA) has drawn overwhelming investor interest, with subscriptions oversubscribed more than 400 times, securing over Rp30 trillion (US$1.8 billion) in incoming funds − far exceeding the company's initial target of Rp2.37 trillion.
RI-U.S. ink US$34 B trade deals amid push for balanced economic partnership
Indonesia and the United States signed commercial agreements of US$34 billion in agriculture and energy sectors during a series of high-level business meetings in Washington, D.C., signaling growing momentum in advancing bilateral Comprehensive Strategic Partnership.
Shipping firm PSAT to launch IPO on July 8 amid strong investor demand
PT Pancaran Samudera Transport (PSAT), a coal shipping and marine logistics company, is set to debut on the Indonesia Stock Exchange (IDX) on July 8, 2025, through an Initial Public Offering (IPO) of 222.35 million new shares, equivalent to 15 percent of the company’s enlarged issued and paid-up capital post-IPO.
Harita Nickel supports local economy through downstreaming, ESG practice
Mining company Harita Nickel’s operations in South Halmahera is determined to drive inclusive economic growth, providing over 22,000 jobs − 45 percent of which go to local residents in North Maluku − and transform previously unvalued nickel ores into high-value materials essential for electric vehicle (EV) batteries.
SOE Minister replaces Bulog CEO after four months in office
State-Owned Enterprises (SOEs) Minister Erick Thohir has replaced Novi Helmy Prasetya as president director of state logistics agency Perum Bulog, only four months after his appointment.
Danantara dismisses Agrinas executive despite management freeze order
The Daya Anagata Nusantara Investment Authority (Danantara) has dismissed Edi Slamet Irianto from his position as Director of Business & Industrial Development at PT Agrinas Palma Nusantara, just five months after his appointment in February 2025.
BRI Danareksa to facilitate IPOs for three companies in Q4 2025
BRI Danareksa Sekuritas (BRIDS) has announced plans to take three companies public through initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) later this year.
Medco Energi secures US$500 Million loan for capital structure, business expansion
Indonesian energy giant PT Medco Energi Internasional (MEDC) has secured a US$500 million (Rp8.4 trillion) loan facility − through two of its subsidiaries, Medco E&P Grissik Ltd (MEPG) and Far East Energy Trading Pte. Ltd (FEET).