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.
Algatek presents microalgae technology to capture carbon, produce green energy
Biotechnology specialist PT Algatek Karbon Nusantara introduced its latest closed-loop microalgae photobioreactor technology at the 2025 Global Hydrogen Ecosystem Summit held in Jakarta on Tuesday, April 15, 2025.
PTBA-PGN develop coal gasification project into synthetic gas
State-owned coal miner PT Bukit Asam (PTBA) has set up a partnership with State-owned gas distributor PT Perusahaan Gas Negara (PGN) in a coal-based energy downstream project, converting coal into substitute natural gas (SNG) or synthetic gas.
PT Timah books net profit of Rp1.19 Trillion in 2024
State-owned tin miner PT Timah (IDX: TINS) reported a net profit of Rp1.19 trillion (US$74 million) in 2024, an increase of 364 percent from the previous year, when the company recorded a net loss of IDR 449.67 billion (approximately $28 million).
PT. Gabri Indo Italy shuts down factory without notice: Union
PT. Gabri Indo Italy, a garment manufacturer located in Tangerang, Banten, has shut down its factory without prior official notice, violating workers' rights, according to the Nusantara Workers' Union (SBN).
Masela Block the first LNG Project in Indonesia to use CCS technology
The Abadi LNG Project in the Masela Block, Maluku, is certain to be the first liquefied natural gas project in Indonesia to integrate Carbon Capture and Storage (CCS) technology from the start of its development.
IFG Provides Protection for Free Homecoming Participants 2025
The state insurance holding company Indonesia Financial Group (IFG) provides insurance protection for 23,093 homecoming participants ahead of the Eid al-Fitr holiday in 2025, in the “Mudik Gratis Bersama BUMN” [Free Homecoming Trip with SOEs] program.
Widjaja Family completes acquisition of Sinarmas Land, to delist from SGX
Lyon Investments, an entity controlled by Indonesian billionaire Widjaja Family, has submitted an unconditional voluntary cash offer to acquire all of Sinarmas Land's shares that it does not already own.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.
President Prabowo orders leaner, more professional leadership in State banks
President Prabowo Subianto has instructed State banks to streamline their board of commissioners, making them more concise and filled by professionals.
BNI announces new figures in top leadership
The Annual General Meeting of Shareholders of State-owned PT Bank Negara Indonesia (BNI) on Wednesday, March 26, 2025 formally appointed Putrama Wahju Setyawan as the bank’s President Director and Alexandra Askandar as Deputy President Director.
Energi Mega Persada to develop CCS/CCUS facility in Aceh’s Arun Field
Bakrie Group oil and gas company, PT Energi Mega Persada (EMP), along with its subsidiary PT Pema Global Energi (PGE), has announced plans to develop Carbon Capture and Storage (CCS) and Carbon Capture, Utilization and Storage (CCUS) facility in Arun Field, Aceh.