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.
Merdeka Copper narrows losses in Q1 2025, Pani Gold project on track for 2026 launch
Indonesian mining firm PT Merdeka Copper Gold (MDKA), affiliated with prominent businessman Garibaldi “Boy” Thohir, reported a net loss of US$3.73 million (Rp60.52 billion) in the first quarter of 2025, a 75.5 percent improvement compared to the same period last year when losses reached US$15.22 million.
Indokripto Koin Semesta secures OJK approval for IPO at Rp100 per share
PT Indokripto Koin Semesta (ticker: COIN) has secured approval from Indonesia’s Financial Services Authority (OJK) to launch its initial public offering (IPO), marking a milestone as the first crypto exchange company to go public on the Indonesian stock market.
Pertamina supports government push to accelerate 2025 Oil&Gas lifting targets
State energy company PT Pertamina is determined to support the Indonesian government's efforts to accelerate oil and gas (migas) lifting targets in 2025, amid national energy security challenges and global market volatility.
Indika Energy secures Rp6.1 T loan to repay debt, fund Awak Mas gold project
PT Indika Energy (INDY) has secured a multicurrency loan of Rp6.1 trillion (US$376 million) from four major domestic banks, aimed at both refinancing existing debt and developing the Awak Mas gold mining project in South Sulawesi.
MedcoEnergi acquires Repsol’s participating interest in Corridor PSC
Energy company PT Medco Internasional (MEDC) has strengthened its position in the domestic gas sector with a major acquisition from Spain’s Repsol E&P S.à.r.l., purchasing a 24 percent indirect participating interest in the Corridor Block for US$425 million (Rp6.8 trillion).
Tech firm RUNS prepares eCampuz subsidiary for upcoming IPO
PT Global Sukses Solusi (RUNS), an Indonesian enterprise technology company, is preparing to take one of its subsidiaries, PT Solusi Kampus Indonesia − commonly known as eCampuz − for an initial public offering (IPO) on the Indonesia Stock Exchange.
SimpleKey Group Niagi: Indonesia’s leader in global trade
Amid global economic shifts, Southeast Asia is becoming a new center of international trade. Indonesia, the largest economy in the region with a population of over 270 million, is confidently rising to the forefront, transforming into a strategic hub connecting East and West. At the forefront of this process is PT. SimpleKey Group Niagi, an Indonesian company setting new standards in global trade, supplying a wide range of products to over 40 countries.
Kangean Energy denies environmental misconduct amid public scrutiny
Kangean Energy Indonesia Ltd. (KEI), an upstream oil and gas contractor operating in East Java waters, has refuted recent allegations suggesting that its offshore activities have caused environmental harm and failed to benefit surrounding communities.
Diastika Biotekindo to launch IPO next month, targets Rp114 B in fresh funds
PT Diastika Biotekindo (CHEK), a seasoned player in Indonesia’s medical equipment distribution industry, is set to debut on the Indonesia Stock Exchange (IDX) on July 10, 2025.
Danantara eyes S. Korea collaboration to boost Indonesia’s global media presence
Indonesia’s state investment management body BPI Danantara has expressed interest in forming a strategic partnership with South Korea in media and entertainment industry, aiming to learn from the country's global cultural success and boost international visibility of Indonesian culture.
Asia Pramulia to launch IPO, targets expansion in plastic packaging industry
Plastic packaging manufacturer PT Asia Pramulia has announced plans to go public through an initial public offering (IPO) on the Indonesia Stock Exchange, offering 812 million shares, representing 29.9 percent of its issued and paid-up capital, set between Rp114 and Rp124 per share.
IDX aims for several lighthouse IPOs in 2025
The Indonesia Stock Exchange (IDX) is targeting several major companies to go public under its Lighthouse IPO program throughout 2025.