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.
Government wins environmental lawsuit against nickel miners in Southeast Sulawesi
The Ministry of Environment has secured a legal victory against two nickel mining firms − PT James & Armando Pundimas (PT JAP) and PT Bhima Amarta Mining (PT BAM) − for illegal mining activities in protected forest areas of North Konawe, Southeast Sulawesi.
PLN restructures leadership, introduces new technology director role
State electricity provider PT PLN has taken a significant leadership reshuffle following an Extraordinary General Meeting of Shareholders (EGMS) held on Wednesday, June 18, 2025 at the Ministry of State-Owned Enterprises (SOEs).
Danantara secures Rp150 T in dividends from state-owned enterprises
Indonesia’s investment management agency Daya Anagata Nusantara (BPI Danantara) has received a massive dividend injection of Rp150 (US$9.14 billion) from state-owned enterprises (SOEs), marking a significant leap from the previous year.
Chinese, South Korean investors show interest in Indonesia’s giant sea wall project
Indonesia’s ambitious Giant Sea Wall project along the northern coast of Java Island has drawn attention from international investors, particularly from China and South Korea.
Danantara to provide Rp130 T for national housing project
State investment management agency (BPI Danantara) has pledged an investment of Rp130 trillion (US$8 billion) to support the national housing initiative led by the Ministry of Housing and Settlements.
MedcoEnergi commences first oil lifting from Forel Field in South Natuna Sea
Energy company PT Medco Energi Internasional (MedcoEnergi) has announced the commencement of first oil lifting from the Forel oil and gas field located in the South Natuna Sea Block B, Riau Islands Province, marking a new milestone in Indonesia's upstream energy sector.
Teladan Prima Agro acquires majority stake in Cipta Davia Mandiri for Rp136.32 B
Palm oil company PT Teladan Prima Agro (TLDN), owned by entrepreneur Wishnu Wardhana, has officially acquired 99.99 percent of the shares in PT Cipta Davia Mandiri (CDM) from PT REA Kaltim Plantations for a total value of Rp136.32 billion (US$8.3 million).
Taspen launches green energy pilot with Korean, local partner to support net zero goals
State-owned insurer PT Taspen has signed a tripartite Memorandum of Understanding (MoU) with South Korea’s KevinLAB Inc. and local partner PT Catur Elang Perkasa to implement a green energy initiative.
PT Bukit Asam sets record CAPEX at Rp7.2 T for 2025 amid coal price volatility
State-owned mining company PT Bukit Asam (PTBA) has announced a significant increase in its Capital Expenditure (CAPEX) for 2025, allocating Rp7.2 trillion (US$441.7 billion) − more than triple the realized CAPEX of around Rp2.3 trillion in 2024.
Private investors eye expansion of high-speed rail to Semarang and Surabaya
Deputy Minister of Transportation, Suntana, has revealed of growing interest from several companies in continuing the expansion of Indonesia’s high-speed rail network, particularly the extension from Jakarta to Semarang in Central Java or Surabaya in East Java.
Pertamina names new top level management
State energy company PT Pertamina announced a reshuffle in its board of directors and board of commissioners during a General Shareholders Meeting (RUPS) in Jakarta on Thursday, June 12, 2025, a measure that reflects strategic consolidation as the company transitions into the government-initiated energy holding, Danantara.
Korean AI firms showcase cutting-edge tech at ASEAN-Korea digital partnership
ASEAN-Korea Digital Business Partnership 2025, a major business-matching event held in Jakarta, on Tuesday, June 10, 2025, brought together ASEAN digital industry players and 30 leading South Korean software companies specializing in Artificial Intelligence (AI)-based solutions, digital health and data and cyber security.