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.
Avian invests Rp275.8 billion in adhesive manufacturer Dextone Lemindo
Paint manufacturer, PT Avia Avian (AVIAN) has made a strategic investment in a company engaged in the adhesive or glue industry, PT Dextone Lemindo, worth Rp275.84 billion (US$17.9 million).
Freeport's copper export permit extended for six months amid smelter repairs
The government has approved an extension of the relaxation of exports of 1.3 million tons of copper concentrate for the next six months to PT Freeport Indonesia (PTFI).
PLN, SOEs ministry provide free homecoming trip for over 11,000 participants
State power utility company PT PLN and the Ministry of State-Owned Enterprises (SOEs) has opened the 2025 SOE Free Homecoming program on March 14-18, 2025,with a quota of more than 11,000 travelers to be departed from four cities.
Pertamina launches oil & gas exploration in Natuna to strengthen energy security
Pertamina East Natuna, a subsidiary of Pertamina’s upstream oil and gas division, has commenced exploration in the North Natuna Sea as part of efforts to increase Indonesia’s domestic hydrocarbon reserves.
House Commission VI supports Maroef Sjamsoeddin's leadership at MIND ID
The House of Representatives’ (DPR) Trade and State-owned Enterprises Commission VI has welcomed the appointment of Maroef Sjamsoeddin as President Director of MIND ID, citing his capacity to address governance challenges within the MIND ID Group.
BCA announces changes in top executive, oversight commission posts
PT Bank Central Asia (BCA) has formally appointed outgoing President Director Jahja Setiaatmadja as the company’s President Commissioner, replacing Djohan Emir Setijoso, while naming Gregory Hendra Lembong to fill in the post left by Jahja.
MIND ID wins Best Syndicated Loan Deal Southeast Asia Award
Indonesian state-owned mining holding company MIND ID has been awarded the prestigious Best Syndicated Loan Deal Southeast Asia/APAC/Indonesia by FinanceAsia at the FinanceAsia Achievement Awards 2024 in Hong Kong.
PT Sritex seeks new investors to avert bankruptcy: Manpower Minister
Minister of Manpower, Yassierli said that the curator team of textile company PT Sritex is looking for new investors to save the company from bankruptcy.
MIND ID strengthens women empowerment in the mining industry
State-owned mining holding company, MIND ID, has reaffirmed its commitment to strengthening women empowerment in the mining industry in line with the International Women’s Day celebration on March 8, 2025 and the Women’s Empowerment Principles (WEPs), launched by UN Women and the UN Global Compact to promote gender equality in the workplace.
Macmahon appointed as underground mining contractor for Poboya Gold Project
Mining company PT Bumi Resources Minerals (BRMS), through its subsidiary PT Citra Palu Minerals (CPM), has appointed Macmahon Indonesia as the underground mining contractor for its Poboya Gold Project in Palu, Central Sulawesi.
Indonesia Airlines to operate soon, focusing on international flights
A new airline, PT Indonesia Airlines Group (INA), a subsidiary of Calypte Holding Pte. Ltd., will soon start operating in Indonesia, with base at the Soekarno-Hatta Airport, Tangerang, Banten, and only serving international flights.
Semen Baturaja supports energy transition through AFR utilization
PT Semen Baturaja (SMBR), a subsidiary of State-owned cement producer PT Semen Indonesia, supports the transition to New Renewable Energy (EBT) through the utilization of Alternative Fuel & Raw Material (AFR), a measure taken to reduce industrial waste while increasing energy efficiency in cement production.