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.
BPOM speeds up pharmaceutical salt industry certification to boost production, meet demand
The Food and Drug Monitoring Agency (BPOM) is accelerating the pharmaceutical salt certification process in an effort to establish an independent national pharmaceutical industry and meet domestic needs, by ensuring the readiness of the two authorized pharmaceutical companies in implementing the mandatory Good Manufacturing Practices (CPOB).
Pupuk Kujang leads green energy transition with green ammonia production trial
PT Pupuk Kujang, a subsidiay of State-owned fertilizer producer holding company PT Pupuk Indonesia, is conducting a trial production of green ammonia projected to replace coal in the power generation industry.
Pertamina empowers 159 villages on clean energy, rural economy and food security
State energy company PT Pertamina is actively supporting of village-based energy and food self-sufficiency measures through the Independent Energy Village (DEB) Program.
Sinar Mas-Axiata partner to drive digital transformation, 5G innovation in SE Asia
Sinar Mas and Axiata Group Berhad (Axiata) signed two Memorandums of Understanding (MoUs) to build a strong telecommunications and digital ecosystem in Southeast Asia in an event held in Kuala Lumpur, Malaysia, on Monday, January 27, 2025.
WIKA Beton-Fairatmos collaborate on carbon emission reduction, green economy
State-owned construction company PT Wijaya Karya Beton (WTON) and Fairatmos, an environmental technology company, are collaborating on a project that will contribute for measures to reduce carbon emissions and support a green economy.
MITI secures silica sand exploration permit, set to support solar panel project development
Transportation and logistic company PT Mitra Investindo (MITI) through its subsidiary, PT Kendawangan Berkah Kersik (KBK), has secured a Mining Business Permit (IUP) Exploration Phase for non-metallic minerals, silica sand and quartz sand.
Pertamina unveils dual growth strategy for energy independence, low-carbon future
State energy company PT Pertamina, through its Long-Term Company Plan until 2029, will develop its business with a dual growth strategy to maximize its oil&gas output and develop renewable energy.
SGAR project boosts growth, creates jobs, expands alumina production
The Smelter Grade Alumina Refinery (SGAR) project, operated by PT Borneo Alumina Indonesia (BAI) as a joint venture between PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang (Antam), is projected to give economic benefits for Mempawah region, West Kalimantan.
Erick Thohir targets merger of three state-owned airlines by Q1 2025
Minister of State-Owned Enterprises (BUMN), Erick Thohir, has targeted the merger of three state-owned airlines − PT Garuda Indonesia, PT Pelita Air Service and PT Citilink Indonesia − in the first quarter of this year.
KPPU targets resolution, fines payment of Google monopoly case
The Business Competition Supervisory Commission (KPPU) is targeting the case of alleged Google monopoly violations through Google Play Store and its Google Play Billing (GBP) to be resolved this month, with Google being the subject to a sanction of 50 percent of the net profit of the GBP application.
Negotiations for iPhone 16 production begin, focus on job creation and commitments
The government and Apple Inc. on Tuesday, January 7, 2025 held the first negotiations on its investment plan in Indonesia as part of the mechanism to pass the sale of its latest iPhone 16 smartphones, emphasizing on two additional points and four main objectives.
INALUM plans IPO on IDX by 2026 or 2027 to unlock value, attract investors
PT Indonesia Asahan Aluminium (INALUM), a subsidiary of State-owned mine holding company MIND ID, plans to list its shares through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2026 or the latest in 2027.