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.
IBC to build EV battery recycling plant by 2031, supporting nickel sustainability
Indonesia Battery Corporation (IBC) is targeting to establish an electric vehicle (EV) battery recycling plant by 2031 in support of nickel sustainability and green energy campaigns.
IBC named investment holding for new energy materials
The government has decided to name PT Indonesia Battery Corporation (IBC) as Investment Holding for the New Energy Materials sector, a move aimed at optimizing the downstreaming of mineral resources into battery raw materials to support the national electric vehicle (EV) industry.
IIMS 2025 opens, government supports automotive industry acceleration
The Indonesia International Motor Show (IIMS) 2025 commenced on Friday, February 14, 2025 at JIExpo, Kemayoran, Jakarta, in a ceremony opened by Minister of Industry Agus Gumiwang Kartasasmita.
BRI Danareksa Sekuritas targets four IPOs, expands debt underwriting in 2025
BRI Danareksa Sekuritas (BRIDS) targets four companies to list their shares through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2025.
INPEX targets FID for Abadi Masela LNG project completed by 2027
Japanese oil and gas exploration company INPEX Corp is striving to have the final investment decision (FID) for the Abadi Masela Field project signed by 2027 as part of its operational target to expand the Liquefied Natural Gas (LNG) supply.
Indonesia and EGA strengthen aluminum production partnership
Coordinating Minister for the Economy Airlangga Hartarto recently met with Abdulnasser Ibrahim Saif Bin Kalban, CEO of Emirate Global Aluminium (EGA), discussing the continuation of cooperation in developing aluminium production through the development of a smelter that processes bauxite in Indonesia.
Inpex targets FID completion for Abadi Field project by 2027
Inpex Corp, Japan’s largest oil and gas exploration company is targeting a Final Investment Decision for its Abadi liquefied natural gas (LNG) project in Indonesia by 2027.
Indofarma responds to bankruptcy of subsidiary, assuring stability of operations
State-owned pharmaceutical company PT Indofarma has responded to its subsidiary PT Indofarma Global Mendika which was declared in default or bankrupt by the court, assuring stability of operations in the parent company and other subsidiaries.
PTFI accelerates smelter repairs, seeking export relaxation extension amid recovery efforts
PT Freeport Indonesia (PTFI) is accelerating the process of repairing smelter facilities by installing replacement equipment at the Java Integrated Industrial and Ports Estate (JIIPE), Gresik, East Java.
Pertamina converts flare gas into electricity to promote clean energy
Two subsidiaries of State energy company PT Pertamina − Pertamina New & Renewable Energy (Pertamina NRE) and PT Kilang Pertamina Internasional (KPI) − have signed a Head of Agreement (HOA) to develop the Flare Gas into electricity.
PLN secures €6.5M grant from EU, AFD to accelerate clean energy transition
State energy utility company PT PLN has received a grant of €6.5 million (Rp110 billion) from the European Union (EU) and the Agence Française de Développement (AFD) in assistance to Indonesia’s energy transition agenda.
PHE announces largest exploration discovery in 15 years, a boost in nat’l energy security
PT Pertamina Hulu Energi (PHE), Upstream oil and gas subholding of State energy company PT Pertamina, discovered 652 million barrels of oil equivalent (MMBOE) in 2024, the largest exploration reserve discovery in the last 15 years.