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.
Danamon announces changes in Board of Directors
PT Bank Danamon Indonesia (BDMN), a member of the MUFG Group, held the 2025 Annual General Meeting of Shareholders (AGMS) on Friday, March 21, 2025. In the meeting, shareholders approved all proposed agendas, including changes to the Company's Board of Directors.
Fore Coffee announces IPO on the Indonesia Stock Exchange
PT Fore Kopi Indonesia (Fore Coffee), a premium Indonesian coffee chain, has announced its plan to conduct an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX), aimed at supporting the company's expansion plans and solidify its position in the premium coffee market.
Indonesia Airlines yet to obtain flight permits: Ministry of Transportation
The Indonesian Ministry of Transportation says that it has not yet received any application for permits or requests related to the establishment and operation of flights from Indonesia Airlines, which has not yet been able to fly in Indonesia.
BRI named best SME bank in Indonesia at Global Excellence awards 2025
State-owned bank PT Bank Rakyat Indonesia, commonly referred to as BRI, has reaffirmed its position as a leader in banking services for micro, small and medium enterprises (MSMEs) in Indonesia, winning the Best SME Bank in Indonesia Award at The Asian Banker (TAB) Global Excellence in Retail Finance Awards 2025 held in Tokyo, Japan, on Sunday, March 23, 2025.
PGN prepares natural gas supply for Jatengland Industrial Area
PT Perusahaan Gas Negara (PGN) is exploring the provision of natural gas supply and infrastructure for the Jatengland Industrial Area in Central Java as part of its commitment to expanding the utilization of natural gas to support national industrial growth.
DSSA books strong financial performance, adds investment in sustainable sectors
Mining, energy, chemicals and technology company PT Dian Swastatika Sentosa (DSSA) booked consolidated revenue of US$3 billion for 2024, reflecting solid performance amid global industry dynamics.
XL Axiata-Smartfren merger set to revolutionize Indonesia's telecom industry
Telecommunication service operators PT XL Axiata (EXCL) and PT Smartfren Telecom (FREN) will announce the certainty of the merger which will form a new telecommunications entity called PT XLSmart Telecom Sejahtera (XLSMART).
Government injects Rp8 trillion to transform three SOEs into agribusiness giants
The government has converted three State-Owned Enterprises (SOEs) in work consultancy respectively into PT Agrinas Jaladri Nusantara, PT Agrinas Pangan Nusantara and PT Agrinas Palma Nusantara along with capital injection of Rp8 trillion (US$485.5 million) prepared by the Ministry of Finance.
Erajaya sets up new board of commissioners, directors
Retail company, PT Erajaya Swasembada (ERAA) held an Extraordinary General Meeting of Shareholders (EGMS) on Wednesday, March 19, 2025, securing approval from the shareholders for all proposed agendas, including changes to the composition of the Board of Commissioners and Directors.
Company executive named president director of ID FOOD
The Ministry of State-Owned Enterprises has appointed Ghimoyo, a private company executive, as President Director of State-owned food holding company PT Rajawali Nusantara Indonesia (ID FOOD), replacing Sis Apik Wijayanto.
House supports Inalum’s strategic initiatives as profit soars 99 percent
The House of Representatives Commission VI has lent its support for PT Indonesia Asahan Aluminium (Inalum), a member of the State-owned mining holding company MIND ID, to enhance its impact and contribution to the country.
A meaningful Ramadan for children battling cancer
Laughter echoed in the corner of the room, despite some pale faces showing signs of exhaustion from ongoing treatments.