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.
Bank BJB names social media figures Mardigu and Helmy Yahya as commissioners
PT Bank Pembangunan Daerah Jawa Barat and Banten (Bank BJB) has appointed social media figures Mardigu Wowiek Prasantyo, alias Bossman Mardigu, and Helmy Yahya as commissioners at the bank’s 2024 Annual General Meeting of Shareholders (GMS) held at the Bank BJB Building in Bandung, West Java, on Wednesday, April 16, 2025.
Pertamina may enter U.S. upstream market as Indonesia seeks to ease tariff pressures
The Ministry of Energy and Mineral Resources (ESDM) has opened up opportunities for State energy company PT Pertamina to open investment in the U.S. upstream oil and gas sector, an initiative meant as one way to negotiate import tariffs imposed by President Donald Trump.
Chandra Asri’s subsidiary CDI ready for IPO with Rp853 billion capital injection
A subsidiary of petrochemical company PT Chandra Asri Pacific (TPIA), Chandra Daya Investasi (CDI), reveals that it has become a public company in the Indonesia Stock Exchange's information disclosure report, indicating that the company will conduct an initial public offering (IPO).
Algatek presents microalgae technology to capture carbon, produce green energy
Biotechnology specialist PT Algatek Karbon Nusantara introduced its latest closed-loop microalgae photobioreactor technology at the 2025 Global Hydrogen Ecosystem Summit held in Jakarta on Tuesday, April 15, 2025.
PTBA-PGN develop coal gasification project into synthetic gas
State-owned coal miner PT Bukit Asam (PTBA) has set up a partnership with State-owned gas distributor PT Perusahaan Gas Negara (PGN) in a coal-based energy downstream project, converting coal into substitute natural gas (SNG) or synthetic gas.
PT Timah books net profit of Rp1.19 Trillion in 2024
State-owned tin miner PT Timah (IDX: TINS) reported a net profit of Rp1.19 trillion (US$74 million) in 2024, an increase of 364 percent from the previous year, when the company recorded a net loss of IDR 449.67 billion (approximately $28 million).
PT. Gabri Indo Italy shuts down factory without notice: Union
PT. Gabri Indo Italy, a garment manufacturer located in Tangerang, Banten, has shut down its factory without prior official notice, violating workers' rights, according to the Nusantara Workers' Union (SBN).
Masela Block the first LNG Project in Indonesia to use CCS technology
The Abadi LNG Project in the Masela Block, Maluku, is certain to be the first liquefied natural gas project in Indonesia to integrate Carbon Capture and Storage (CCS) technology from the start of its development.
IFG Provides Protection for Free Homecoming Participants 2025
The state insurance holding company Indonesia Financial Group (IFG) provides insurance protection for 23,093 homecoming participants ahead of the Eid al-Fitr holiday in 2025, in the “Mudik Gratis Bersama BUMN” [Free Homecoming Trip with SOEs] program.
Widjaja Family completes acquisition of Sinarmas Land, to delist from SGX
Lyon Investments, an entity controlled by Indonesian billionaire Widjaja Family, has submitted an unconditional voluntary cash offer to acquire all of Sinarmas Land's shares that it does not already own.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.