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.
PT Pancaran Samudera Transport set to raise Rp200 B in upcoming IPO
PT Pancaran Samudera Transport (PSAT) is preparing to launch its initial public offering (IPO) on the Indonesia Stock Exchange (IDX), with the listing scheduled for July 8, 2025.
Danantara eyes partnership with Russia to build clean energy shipyards in Indonesia
Indonesia’s sovereign investment agency Badan Pengelola Investasi Daya Anagata Nusantara (Danantara) is preparing a partnership with Russian counterparts to develop clean energy-based shipbuilding infrastructure within the country.
PT Trimitra Trans Persada launches IPO to raise up to Rp152 billion
PT Trimitra Trans Persada (B-LOG), an integrated logistics and transportation services provider, has announced plans for an initial public offering (IPO), releasing up to 563 million shares to the public.
Bank DKI rebranded as Bank Jakarta to mark strategic transformation
Bank DKI has officially rebranded itself as Bank Jakarta, unveiling a new name and logo as part of a broader strategic transformation aimed at building a stronger, more adaptive, and professional institution.
Aster Chemicals secures ownership of Jurong refinery unit in expansion move
Aster Chemicals and Energy Pte Ltd, a joint venture between PT Chandra Asri Pacific and global commodity giant Glencore, has announced the signing of an agreement to acquire a 50 percent beneficial interest in Petrochemical Corporation of Singapore (PCS) Pte. Ltd.’s Condensate Splitter Unit (CSU) and related infrastructure located on Jurong Island, Singapore.
BUMI acquires Australian gold and copper miner Wolfram, issues bonds to fund deal
PT Bumi Resources (BUMI), a subsidiary of Bakrie Group, and one of Indonesia’s largest mining companies, is set to acquire Australian gold and copper mining firm Wolfram Limited in a diversification move worth Rp350 billion (US$21 million).
Indonesia launches its largest integrated solar panel factory in Kendal
Indonesia inaugurated on Thursday, June 19, 2025 its largest and first integrated solar cell and module manufacturing facility, PT Trina Mas Agra Indonesia (TMAI), located in the Kendal Industrial Park, Central Java.
RMK energy to issue Rp1.5 T bonds to strengthen coal logistics, expansion
PT RMK Energy (RMKE), a listed coal logistics service provider, is planning to issue its first phase of Sustainable Bonds I 2025, targeting a total issuance of Rp1.5 trillion (US$91 million). In the initial phase, the company aims to raise Rp500 billion through bonds offered in two series.
Strict rules for SOE directors earn praise, boost public trust in Danantara
The imposition of strict regulations for directors of state-owned enterprises (SOEs) is seen as a positive development for Daya Anagata Nusantara Investment Management Agency (BPI Danantara) for they will allow the agency to sharpen its focus on performance and integrity.
Pertamina NRE acquires stake in Philippine energy firm CREC for US$120 million
State-owned energy company subholding, PT Pertamina New & Renewable Energy (Pertamina NRE), has acquired a 20 percent stake in Citicore Renewable Energy Corporation (CREC), a leading renewable energy developer in the Philippines, through a share subscription agreement valued at US$120 million.
Dispute over village access halts Semen Gresik’s operations, threatens Rembang revenue
Operations at PT Semen Gresik’s cement plant in Gunem, Rembang Regency, Central Java have ground to a halt following a dispute with the village administration of Tegaldowo over access to a key mining route.
Ministry uncovers environmental violations at Indonesia Morowali Industrial Park
The Ministry of Environment has uncovered a series of serious environmental violations at the Indonesia Morowali Industrial Park (IMIP) − a major nickel-based industrial zone spanning 2,000 hectares (ha) in Central Sulawesi − including illegal land clearing, unlicensed facilities, improper waste disposal, and dangerously high pollution levels.