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.
Kadin launches ethics probe amid alleged misconduct in Cilegon chemical project
The Indonesian Chamber of Commerce and Industry (Kadin) has launched an internal ethics investigation following allegations that one of its members improperly demanded a share of a major chemical industry project in Cilegon, Banten.
PERTIWI empowers 40 female leaders, driving gender equality and sustainability
Over the past four years, PERTIWI (Perempuan Pertamina Tangguh Inspiratif Wibawa Integritas) has emerged as a driving force in empowering female employees across Pertamina Group and its subsidiaries.
Semen Indonesia rumored to divest Semen Baturaja stake amid foreign interest
Market speculation is rife over a potential divestment by PT Semen Indonesia (SMGR) of its controlling stake in its subsidiary, PT Semen Baturaja (SMBR), as Indian cement giant UltraTech Cement reportedly eyes an acquisition.
Chandra Asri–Glencore JV acquires S’pore polyethylene plant to boost regional growth
Aster Chemicals and Energy (Aster), the joint venture between PT Chandra Asri Pacific (TPIA) and global commodity giant Glencore, is set to acquire Chevron Phillips Singapore Chemicals Pte Ltd (CPSC) through its affiliate, Chandra Asri Capital Pte Ltd.
PHM continues 2nd “sail away” phase of SNB AOI project in Mahakam
PT Pertamina Hulu Mahakam (PHM), a subsidiary of PT Pertamina Hulu Indonesia (PHI) Kalimantan Region, held a sail away ceremony for the second phase of the Sisi Nubi Area of Interest (SNB AOI) Project for topside platforms WPN7 and WPN8 at PT Meindo Elang Indah facility, Tanjung Pinang, Riau Islands on Tuesday, May 6, 2025.
Rekosistem secures US$7 M to scale circular waste management across Indonesia
Rekosistem, a climate-tech company focused on waste supply chain management and circular economy solutions, has raised US$7 million (Rp115 billion) in Series A funding.
Chandra Asri invests Rp15 T in world-class chemical plant to strengthen nat’l industry
PT Chandra Asri Pacific (TPIA), a company owned by tycoon Prajogo Pangestu, is investing Rp15 trillion (US$908 million) to build a world-scale chemical manufacturing facility, which is scheduled for completion by 2027.
MAB expands EV production with new truck factory, strategic partnerships
Domestic car producer, Mobil Anak Bangsa (MAB) is accelerating its role in Indonesia's electric vehicle (EV) industry with plans to open a new factory dedicated to producing electric trucks.
Worldcoin halts ID verification amid regulatory concerns, pledges cooperation
Tools for Humanity (TFH), the developer behind Worldcoin, has voluntarily paused its identity verification services in Indonesia following a regulatory freeze by the Ministry of Communication and Digital Application, which has affected both Worldcoin and its World ID product.
Xinfung Industry breaks ground on US$30 M textile plant in Subang smartpolitan
PT Xinfung Industry Indonesia, a subsidiary of China’s Jiangsu Xinfang Technology Group, has begun construction of its new manufacturing facility in the Subang Smartpolitan industrial area.
New Chinese investment boosts industrial growth in Kendal special economic zone
The Kendal Special Economic Zone (SEZ) continues to solidify its reputation as a top-tier investment destination in Indonesia, with the groundbreaking of a major new factory by PT HSG Material Indonesia, a subsidiary of Chinese firm Fujian Hongsheng Material Technology Co., Ltd.
South Korean Dongsung Chemical commences operations in Indonesia
South Korean investors’ interest in Indonesia has apparently remained strong, marked by the official opening of Dongsung Chemical’s new polyurethane (PU) production facility in Karawang, West Java, on Wednesday, April 30, 2025.