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.
Garuda Sepakbola Indonesia plans IPO on IDX to boost national football development
Erick Thohir, Chairman of the Indonesian Football Association (PSSI), has revealed that PT Garuda Sepakbola Indonesia (GSI) plan to list an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Indonesia secures deal with Apple in investment negotiations
The Indonesian Ministry of Industry has secured a beneficial agreement with Apple following negotiations on the company's investment commitments for the 2023-2029 period.
Ifishdeco books positive performance in 2024, targets nickel mining expansion
Nickel mining company, PT Ifishdeco, has recorded positive performance throughout 2024, booking net sales of Rp972.71 billion (US$59.45 million) and net profit of Rp143.45 billion (US$8.74 million).
Policy changes under Trump could impact global, Indonesian nickel industry: TGEM
U.S. Government policies under Donald J. Trump − in particular the Inflation Reduction Act (IRA) − and his inward looking leadership style could impact the global nickel industry, including Indonesia, an industry player has warned.
BCA estimates EV credit increases by 10 percent this year
PT Bank Central Asia (BCA) projects an increase in electric vehicle credit of up to 10 percent this year, with its credit financing subsidiary BCA Finance releasing total credit of Rp40 trillion (US$2.4 billion).
PIS books 64 percent international revenue growth in 2024
Cargo and shipping subsidiary of State energy company PT Pertamina, PT Pertamina International Shipping (PIS), booked a 64 percent increase in revenue from the non-captive market in 2024 compared to the previous year.
Pupuk Kaltim plans IPO on IDX, awaiting government direction
PT Pupuk Kalimantan Timur (PKT) or Pupuk Kaltim, a subsidiary of state-owned fertilizer company PT Pupuk Indonesia, has outlined the company's plan for an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) as part of its comprehensive business strategies.
GAC International strengthens commitment in Indonesia
Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong, GAC International, has reaffirmed its commitment to expanding in Indonesia, recognizing the country’s strategic role in the Southeast Asian automotive market.
Changan Auto set to enter Indonesian market in partnership with Indomobil
Changan Auto Southeast Asia, the automotive giant from China, will soon enter the Indonesian market through local distributor, Indomobil Group.
ExxonMobil supports Indonesia’s CCS development program, target
U.S. oil and gas company has expressed its support for Indonesia’s Carbon Capture and Storage (CCS) development program and target, actively working with the Indonesian government and state-owned oil company PT Pertamina to establish CCS infrastructure in key industrial zones that will help position Indonesia as a regional hub for carbon storage.
Paragon focuses on innovation and CSR for Ramadan 2025, no immediate IPO plans
Salman Subakat, Co-Founder and CEO of PT Paragon Technology and Innovation, has outlined a number of short-term and long-term company strategies, currently preparing to welcome Ramadan and the Idul Fitri 2025/1446 H.
Danantara set to form JV with UAE, boosting renewable energy and SOEs efficiency
Chairman of the National Economic Council (DEN), Luhut Binsar Panjaitan, reveals that many parties have express interest in establishing a joint venture (JV) with the Daya Anagata Nusantara Investment Agency (Danantara), one of them is from the United Arab Emirates (UAE).