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.
ESDM ministry to review Aqua’s groundwater use
Ministry of Energy and Mineral Resources (ESDM) has stepped in following public debate over the water source used by bottled water giant Aqua, after West Java Governor Dedi Mulyadi’s surprise inspection at the company’s Subang factory sparked questions about whether the brand truly uses “mountain spring water.”
PLN-KAI join forces to electrify Indonesia’s railway network
State electricity company PT PLN has reaffirmed its commitment to supporting low-emission public transportation and energy efficiency in Indonesia through a partnership with state-owned railway operator, PT Kereta Api Indonesia (KAI) to electrify railway lines across the country.
BCA rules out IPO for digital banking arm blu, announces Rp5 T share buyback plan
Indonesia’s largest lender, PT Bank Central Asia (BCA), is preparing a series of major corporate actions through the end of 2025, though dismissing speculations that the plan include an initial public offering (IPO) for its digital banking subsidiary blu by BCA.
BNI shares rally amid market downturn
Shares of state-owned lender PT Bank Negara Indonesia (BNI) have emerged as one of the most sought-after stocks in Indonesia’s banking sector, even as the broader market remains under pressure, with analysts citing the bank’s solid fundamentals, attractive valuation, and supportive government policies as key factors driving optimism for a rebound.
Pertamina seals deal with China’s Daqing oilfield for enhanced oil recovery collaboration
Indonesia’s state-owned energy company PT Pertamina has set up partnership with China’s Daqing Oilfield Co., Ltd. to implement chemical injection technology under the Enhanced Oil Recovery (EOR) method a memorandum of understanding (MoU) signed on Tuesday, October 14, 2025.
Three decades of Medco E&P’s involvement in energy security in South Sumatra
For over three decades, PT Medco E&P Indonesia (Medco E&P), in collaboration with the upstream oil and gas regulatory task force (SKK Migas), has played a vital role in safeguarding Indonesia’s energy security through its operations in South Sumatra Block, one of the country’s key natural gas production centers.
Arsari Tambang targets Rp 7 T mine acquisition in Canada, backed by new trade pacts
PT Arsari Tambang plans to acquire a mining asset in Canada as part of its international expansion strategy, with the deal expected to be finalized by mid-2026, according to President Director Aryo Djojohadikusumo.
PLN EPI, Biomassa Energi, Poland’s G7 Group ink deal to boost Indonesia’s biomass exports
State-owned energy company PT PLN Energi Primer Indonesia (PLN EPI) has signed a Memorandum of Understanding (MoU) with PT Biomassa Energi Group (BEG) and G7 Group SP.Z.O.O from Poland to strengthen Indonesia’s biomass supply chain and export capabilities to global markets, particularly in Asia and Europe.
Palm oil tycoon Surya Darmadi offers Rp10 T asset donation to Danantara
Convicted businessman Surya Darmadi, owner of PT Duta Palma Group, has expressed his intention to donate palm oil plantations and factories worth Rp10 trillion (US$602 million) in West Kalimantan to the Indonesian sovereign investment authority (BPI Danantara).
Neo Energy eyes Mega IPO of over Rp5 T, aims to lead Indonesia’s green nickel revolution
PT Anugrah Neo Energy Materials (ANEM) is reportedly preparing a massive initial public offering (IPO) on the Indonesia Stock Exchange (IDX), with potential proceeds estimated to exceed Rp5 trillion (US$301.5 million).
LiuGong to build US$317 M electric heavy equipment plant, support Indonesia’s industrial downstreaming
Chinese heavy equipment manufacturer LiuGong Machinery has reaffirmed its long-term commitment to Indonesia through a major investment aimed at building one of the nation’s largest and most advanced heavy equipment manufacturing facilities.
Freeport’s Grasberg Mine remains shut following landslide, government launches full audit
Energy and Mineral Resources Minister Bahlil Lahadalia confirmed that operations at PT Freeport Indonesia’s (PTFI) Grasberg mine remain suspended following a fatal landslide at its Grasberg Block Cave (GBC) underground site last month.