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.
PT Supreme Energy Muara Laboh - PLN to develop Muara Laboh geothermal units
PT Supreme Energy Muara Laboh (SEML), a joint company between PT Supreme Energy Sumatera, Sumitomo Corporation and Inpex Geothermal Ltd, signed an amandement of power purchase agreement (PPA) with State power utility PT PLN on December 23, 2024 to develop units 2 and 3 (140 MW) of Muara Laboh geothermal located in South Solok regency, West Sumatra province.
Telkomsel partners with Tencent Mcash to revolutionize B2B services
Telkomsel, Mcash, and Chinese technology giant Tencent are developing AI technology to support Telkomsel's B2B activities in Indonesia.
Sixty textile companies may go bankrupt amid import regulation controversy
The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.
PLN expands biomass co-firing in power plants to boost sustainability growth
State power utility PT PLN, through PLN Energi Primer Indonesia (PLN EPI), will increase the use of biomass co-firing in coal-fired power plants (PLTU) by means of waste to support environmental sustainability and also open up economic opportunities.
IMIP contributes US$14.45 B in export foreign exchange, US$1.16 B in taxes
PT Indonesia Morowali Industrial Park (IMIP), the management of the largest nickel industrial area in Indonesia, has recorded a significant contribution to export foreign exchange and state tax revenues.
PGE launches clean energy exploration in Lampung in support of NZE 2060 goals
PT Pertamina Geothermal Energy (PGE), a subsidiary of State energy company PT Pertamina has embarked on the exploration of several locations to discover new clean energy toward Net Zero Emission (NZE) 2060 target.
Half a Century of SMBR: Looks to the future amidst pressured national cement industry
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia Group (SIG), is determined to focus on strategic measures to keep up its competitiveness and operational sustainability as well as manage excess production capacity, tight competition and the need for efficiency.
PT PGN LNG Indonesia joins North Papua gasification development project
PT PGN LNG Indonesia, as part of Pertamina's Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region.
Sritex declared bankrupt following Supreme Court ruling
PT Sri Rejeki Isman Tbk (SRIL), commonly known as Sritex, has officially been declared bankrupt after the Supreme Court rejected its appeal on Wednesday, December 18, 2024, marking a critical turning point for the textile giant.
Gregory Hendra Lembong tipped to become CEO of BCA
PT Bank Central Asia (BCA) is reportedly planning to reorganize its board of directors by the end of 2024, with Gregory Hendra Lembong being anticipated as a strong candidate for the position of BCA’s President Director, succeeding Jahja Setiaatmadja, who is speculated to assume the role of BCA’s President Commissioner.
PLN accelerates energy transition through media roundtable, startup collaborations
State power utility PT PLN on Tuesday, December 10, 2024 opened a Media Roundtable with four leading startups to accelerate the development of the green energy ecosystem.