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.
Daimler Indonesia inaugurates Rp500 billion eco-friendly truck factory
PT Daimler Commercial Vehicles Manufacturing Indonesia (DCVMI) inaugurated a new factory worth Rp500 billion (US$30.7 million) in the Delta Silicon 8 Industrial Estate, Bekasi Regency, West Java.
S. Sulawesi lures investment as Oceva Indonesia sets sights on seaweed processing hub
The South Sulawesi Provincial Administration is determined to attract investment in the maritime industry sector, particularly on seaweed processing.
Garuda suspends entire GA716 flight crew over missing iPhone case
National flag carrier Garuda Indonesia has temporarily suspended the entire cabin crew of Flight GA716 on the Jakarta–Melbourne route after a passenger reported the loss of his iPhone during the flight on Friday, June 6, 2025.
China-M’sia-Indonesia to invest Rp71.8 T for road, utility tunnel projects in IKN
The Nusantara Capital City (IKN) Authority has announced that investors from China, Malaysia, and Indonesia are preparing to invest approximately Rp71.8 trillion (US$4.4 billion) for road infrastructure and a Multi-Utility Tunnel (MUT) network development in the future capital city.
Krakatau steel prepares 500-ha site for major investment from Delong Steel Group
PT Krakatau Steel, through its subsidiary PT Krakatau Sarana Infrastruktur (KSI), is allocating over 500 hectares of land in the Krakatau Industrial Estate, Cilegon, Banten, to support a significant investment plan by China’s Delong Steel Group and its Indonesian arm, PT Dexin Steel Indonesia.
Dutch companies to inject US$300 million into Indonesia’s strategic sectors
Anindya Bakrie, Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), revealed that a significant investment is on the horizon, with a total of US$300 million (Rp4.8 trillion) to be injected into Indonesia by 120 Dutch companies as part of a strategic partnership to support key national development programs.
DBS, UOB disburse Rp6.7 T for RI’s largest rupiah-funded data center project in Batam
Bank DBS Indonesia and Bank UOB Indonesia have jointly provided a Rp6.7 trillion (US$412 million) loan to fund the development of a large-scale data center campus in Batam, Riau Islands.
Danantara eyes stake in GoTo post-merger with Grab amid monopoly concerns
Indonesia’s sovereign investment management agency Daya Anagata Nusantara (BPI Danantara) is reportedly exploring a minority investment in PT GoTo Gojek-Tokopedia (GOTO) following the company’s planned merger with Malaysian ride-hailing giant Grab.
RI launches first local CT scan factory, aims for global reach in medical tech
Indonesia has inaugurated its first domestically assembled Computed Tomography (CT) scanner production facility − a collaborated manufacturing between global medical technology giant GE HealthCare and Indonesian pharmaceutical firm Kalbe Farma.
KPPU flags potential monopoly in TikTok–Tokopedia merger, sets terms for fair competition
Indonesia’s Business Competition Supervisory Commission (KPPU) has raised concerns over the recent merger between TikTok Shop and Tokopedia, warning that their consolidation may lead to monopolistic practices and unfair business competition.
RI secures US$22 B investment for green industrial zones at World Expo 2025
The government has announced a landmark investment commitment totaling US$22 billion (Rp358.4 trillion) from international partners to develop Green Sustainable Industrial Zones in Indonesia powered by large-scale solar energy.
Nezar Patria appointed President Commissioner of Indosat
Deputy Minister of Communication and Digital Application (Komdigi) Nezar Patria, has been appointed President Commissioner of PT Indosat following the company’s Annual General Meeting of Shareholders (AGMS) for the 2024 fiscal year, held on Wednesday, May 28, 2025.