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.
WIKA Beton-Fairatmos collaborate on carbon emission reduction, green economy
State-owned construction company PT Wijaya Karya Beton (WTON) and Fairatmos, an environmental technology company, are collaborating on a project that will contribute for measures to reduce carbon emissions and support a green economy.
MITI secures silica sand exploration permit, set to support solar panel project development
Transportation and logistic company PT Mitra Investindo (MITI) through its subsidiary, PT Kendawangan Berkah Kersik (KBK), has secured a Mining Business Permit (IUP) Exploration Phase for non-metallic minerals, silica sand and quartz sand.
Pertamina unveils dual growth strategy for energy independence, low-carbon future
State energy company PT Pertamina, through its Long-Term Company Plan until 2029, will develop its business with a dual growth strategy to maximize its oil&gas output and develop renewable energy.
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.
Pupuk Kaltim begins construction of first soda ash factory in Indonesia
PT Pupuk Kaltim, a subsidiary of State-owned fertilizer holding company PT Pupuk Indonesia, has begun the construction of the first soda ash factory in Indonesiaaimed at reducing the country’s dependence on imports.
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.
Audax-AWS to drive Maybank Islamic’s digital transformation in Indonesia, ASEAN
Audax Financial Technology (“audax”), a digital banking technology solutions provider backed by Standard Chartered, has been appointed by Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, as partner to spearhead the digital transformation of its banking services.
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.
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.