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.
Microsoft launches first data center region in Indonesia
Microsoft launched on Tuesday, May 27, 2025 the Indonesia Central Cloud Region, marking its first data center cluster in the country expected to significantly accelerate Indonesia’s digital transformation and economic growth, with the potential to contribute US$2.5 billion (Rp41 trillion) to the national economy.
Semen Baturaja GMS, Muhammad Syafitri rumored to become President Director of Semen Padang
State-owned cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), reshuffled the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year held in Jakarta on Tuesday, May 27, 2025.
Telkom Indonesia appoints Angga Raka Prabowo as president commissioner
State telecommunication company PT Telkom Indonesia named Angga Raka Prabowo as its new President Commissioner during the company’s Annual General Meeting of Shareholders (RUPST) in Jakarta, on Tuesday, May 27, 2025.
Football club Persib Bandung eyes IPO in early 2026
Indonesia’s most decorated football club, Persib Bandung, is preparing to make history by becoming one of the second professional football teams in the country to go public. The club has announced plan to launch an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) in early 2026, marking a significant milestone in both sports and financial markets.
Indosat plans major business expansion into AI, IoT, and defense tech
Telecommunication compant PT Indosat (ISAT) has announced plans to expand into several new business lines − pending shareholders’ approval − meant to significantly support Indonesia’s ongoing digital transformation, with new ventures focusing on artificial intelligence (AI), Internet of Things (IoT), defense and security technologies, and market research.
KLHK revokes Dairi’s permit in regards with Supreme Court’s ruling
The Ministry of Environment and Forestry (KLHK) has formally enacted the Supreme Court's ruling by revoking the environmental permit of PT Dairi Prima Mineral (PT DPM), a mining company operating in Dairi Regency, North Sumatra.
ExxonMobil Indonesia names Wade Floyd as new president
ExxonMobil Indonesia has announced the appointment of Wade Floyd as its new president, succeeding Carole Gall.
Bahlil threatens to revoke Inpex's Masela Block permit over delays
Indonesia’s Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has issued a stern warning to Japanese oil and gas company Inpex, threatening to revoke its permit to operate the Masela Block if the company continues to delay its project development.
BRI-PELNI partner to support national maritime transport
Bank Rakyat Indonesia (BRI) has reaffirmed its commitment to supporting Indonesia’s transportation sector through a comprehensive financial collaboration with state-owned shipping company PT Pelayaran Nasional Indonesia (PELNI) signed at BRILian Centre in Jakarta on Monday, May 19, 2025.
Four Chinese companies to invest in RI’s EV industry amid rising global interest
Indonesia continues to strengthen its position as a key player in the electric vehicle (EV) industry, with four Chinese companies set to invest and establish EV-related manufacturing facilities in the country.
SIG reshuffles top level management, distributes Rp648.75 billion in dividends
State-owned cement producer PT Semen Indonesia (SIG) has appointed Indrieffouny Indra as its new President Director, while approving a substantial dividend payout of up to Rp648.75 billion (about US$40 million) from the company’s 2024 net income during its Annual General Meeting of Shareholders (AGMS) on Friday, May 23, 2025.
SUN Energy doubles capacity to 100 MW, cites proven solar business model
Solar energy developer SUN Energy has announced a milestone in its growth trajectory, with its installed capacity doubling to 100 megawatts (MW) in 2025, just two years after reaching its first 50 MW.