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.
MIND ID plans expansion of SGAR Mempawah to boost production, save foreign exchange
Indonesia’s state-owned mining holding company, MIND ID, plans to increase the capacity of its smelter grade alumina refinery (SGAR) located in Mempawah, West Kalimantan.
PT Elecmetal Longteng Indonesia breaks ground on grinding ball plant in Batang
Grinding balls producer PT Elecmetal Longteng Indonesia is building a US$40 million (Rp600 billion) grinding ball production plant in the Batang Integrated Industrial Area (KITB), Central Java.
UAE's Masdar to expand renewable energy investments in Indonesia.
Masdar, a clean energy company from the United Arab Emirates (UAE) based in Abu Dhabi, has expressed its commitment to increase investment in Indonesia.
Antam to build precious metal factory in E. Java in support of downstream industry
State-owned mining company PT Antam is planning to build a precious metal factory at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java as part of the efforts to support downstreaming of mineral industry in Indonesia, while utilizing integrated infrastructure of the industrial estate.
Masdar eyes to propel PGE into global geothermal market, expand to Africa
Masdar, a United Arab Emirates (UAE)-based clean energy company, has the ambition to make PT Geothermal Energy (PGE), a geothermal energy subsidiary of State energy company PT Pertamina, an international market player for energy utilization.
DBS Bank Indonesia provides US$20 million in trade facility support for Indorama
DBS Bank Indonesia provides a Sustainability-Linked Trade Facility (SLTF) worth US$20 million (Rp326 billion) to spun-yarn and polyester manufacturing company PT Indorama Synthetics.
PLN extends comprehensive strategy in support NZE 2060 goals
State power utility PT PLN has been working on a combination of renewable energy expansion, advanced carbon capture technologies, and modernized energy infrastructure to ensure sustainable and reliable electricity supply for the nation in support of the country’s Net Zero Emissions (NZE) target by 2060.
PLTS Singkarak to begin operation by 2027, boosting Indonesia's renewable energy goals
PT PLN Indonesia Power (PLN IP) has ensured that the 50-Megawatt (MW) Singkarak Floating Solar Power Plant (PLTS) on Lake Singkarak, West Sumatra, will start operating or commissioning on date (COD) in 2027. The PLTS was developed together with ACWA Power, an energy company from Saudi Arabia.
IDX removes ACES and PGEO, adds XL Axiata and Indosat in latest index overhaul
The Indonesia Stock Exchange (IDX) has announced that it removed shares of PT Aspirasi Hidup Indonesia (ACES) and PT Pertamina Geothermal Energy (PGEO) from the IDX30 index and brought shares of PT XL Axiata (EXCL) and PT Indosat (ISAT) into the index as replacement.
PLN unveils US$4.4 B project to support 8-percent economic growth target
State power utility PT PLN has confirmed its commitment to supporting the 8-percent economic growth target through the development of electricity infrastructure that will cater the needs of industry, new areas development, and remote regions.
Star Energy Geothermal-SLB to advance technology, boost efficiency
Star Energy Geothermal, a subsidiary of PT Barito Renewables Energy (BREN), is collaborating with global energy technology company SLB to accelerate technology in developing geothermal assets aimed at increasing the efficiency and economy of the company's geothermal assets.
TBS Energi acquires SembEnviro, expands regional waste management platform
PT TBS Energi Utama (TOBA), an energy company owned by businessman Pandu Sjahrir, has announced plans to acquire 100 percent of the shares of Sembcorp Environment Pte. Ltd. (SembEnviro), a leading waste management company in Singapore.