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.
Indofarma Global Medika declared bankrupt amid ongoing graft investigation
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025.
Challenges in housing program: Certification issues affect 3 million homes, BTN takes action to resolve
The Ministry of Housing and Settlement Areas (PKP) said the 3 million housing program is currently facing challenges related to home ownership certification.
Medco Power begins commercial operations of Ijen Geothermal Power Plant
PT Medco Power Indonesia (Medco Power), a subsidiary of PT Medco Energi Internasional (MedcoEnergi), through its business unit PT Medco Cahaya Geothermal (MCG), a jointly owned company of Medco Power and Ormat Technologies (NYSE:ORA), commenced commercial operations at the Ijen Geothermal Power Plant, the first geothermal power facility in East Java.
Pertamina International Shipping applies B40 on its tankers fleet
PT Pertamina International Shipping (PIS), a subsidiary of State energy company PT Pertamina, extends supporton the government's program for the application of B40in shipping transportation, having operated biodiesel-fueled 189 tankers since January 2025 for national energy distribution.
Utomodeck Group expands into Floating Solar Power Plant industry
Green Energy Developer, Utomodeck Group, has announced its expansion into the Floating Solar Power Plant (PLTS) industry, as part of its commitment to supporting the national energy transition.
Govt mulls to grant Freeport extension of copper concentrate export permit
The government is planing to grant extension of copper concentrate export permit for PT Freeport Indonesia (PTFI) after a fire broke into its smelter last October despite the fact that the country has officially banned export of raw minerals, including copper.
BPOM speeds up pharmaceutical salt industry certification to boost production, meet demand
The Food and Drug Monitoring Agency (BPOM) is accelerating the pharmaceutical salt certification process in an effort to establish an independent national pharmaceutical industry and meet domestic needs, by ensuring the readiness of the two authorized pharmaceutical companies in implementing the mandatory Good Manufacturing Practices (CPOB).
RoClean Indonesia joins oil spill response business in Indonesia
RoClean Indonesia, a joint venture between DESMI RoClean A/S of Denmark and PT Meredian Khatulistiwa of Indonesia, joins the oil spill response equipment production in Indonesia.
Pupuk Kujang leads green energy transition with green ammonia production trial
PT Pupuk Kujang, a subsidiay of State-owned fertilizer producer holding company PT Pupuk Indonesia, is conducting a trial production of green ammonia projected to replace coal in the power generation industry.
Pertamina empowers 159 villages on clean energy, rural economy and food security
State energy company PT Pertamina is actively supporting of village-based energy and food self-sufficiency measures through the Independent Energy Village (DEB) Program.
Bahlil: No decision on Freeport Export Permit extension as yet
The Indonesian government has yet to make a decision on whether to grant export license extension for PT Freeport Indonesia’s (PTFI) copper concentrates or not.
Sinar Mas-Axiata partner to drive digital transformation, 5G innovation in SE Asia
Sinar Mas and Axiata Group Berhad (Axiata) signed two Memorandums of Understanding (MoUs) to build a strong telecommunications and digital ecosystem in Southeast Asia in an event held in Kuala Lumpur, Malaysia, on Monday, January 27, 2025.