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.
Vivo Energy agrees to source fuel supply from Pertamina
PT Vivo Energy Indonesia (Vivo) has reached an agreement to procure fuel feedstock through a business-to-business (B2B) scheme with Pertamina Patra Niaga (PPN). Under the deal, Vivo committed to absorb 40,000 barrels out of the 100,000 barrels offered by Pertamina.
Shell to exit Indonesian fuel station business by 2026
Shell will withdraw from its fuel station business in Indonesia by 2026, according to an announcement from PT Shell Indonesia, a subsidiary of Shell plc.
Indonesia sets the stage as a global leader in energy transition with ICMMS 2025
Indonesia takes a bold step forward in global energy transition as the Ministry of Investment and Downstream Industry, in partnership with Fastmarkets, is hosting the 2025 International Critical Minerals and Metals Summit (ICMMS).
Freeport expects Grasberg block cave to resume full operations in 2027 after landslide
Freeport McMoran (FCX), the parent company of PT Freeport Indonesia (PTFI), announced that its underground Grasberg Block Cave (GBC) mine in Papua is unlikely to resume full operations until 2027 after a massive landslide disrupted production earlier this month.
Seventy-five listed companies named in Tempo-IDNFinancials’ 52 Index
The Night of Appreciation for Listed Companies on Friday evening, September 19, 2025, awarded 75 companies − with a total market capitalization of Rp9.67 quadrillion (US$577 billion) and representing 78.41 percent of the entire market capitalization of the Indonesia Stock Exchange (IDX) − as Tempo-IDNFinancials 52 Index top performers.
Danantara to partner with Bill Gates on health, education, clean water initiatives
CEO of the Investment Management Agency BPI Danantara, Rosan P. Roeslani, has announced that the agency will partner with Microsoft founder Bill Gates in key sectors of health, education, and water sanitation (WASH).
Prysmian expands renewable energy strategy in SE Asia, finds hurdles in Indonesia
Italian multinational Prysmian Group, a global leader in energy and telecom cable systems, is strengthening its renewable energy (RE) strategy across Southeast Asia to cut emissions and boost operational efficiency.
Merdeka Gold Resources shares soar 25% on market debut despite losses
Shares of mining company PT Merdeka Gold Resources (EMAS) surged 25 percent on their trading debut at the Indonesia Stock Exchange (IDX) on Tuesday, September 23, 2025 closing at Rp3,600, although the gold-focused subsidiary of PT Merdeka Copper Gold (MDKA) is still recording losses.
Semen Merah Putih explores use of microalgae to cut carbon footprint
Premium cement brand, Semen Merah Putih, is exploring the use of microalgae to reduce its carbon footprint while creating more efficient and environmentally friendly building materials.
Rescuers recover two bodies after Freeport Indonesia mine collapse in Papua
Rescue teams at PT Freeport Indonesia’s Grasberg Block Cave mine in Mimika, Central Papua, have recovered the bodies of two workers trapped in a wet material slide on Saturday, September 20, 2025 at 08:45 local time.
Adaro Minerals unit targets aluminium smelter start-up by end of 2025
Mining company PT Adaro Minerals Indonesia (ADMR) has projected that its aluminium smelter project, developed through subsidiary PT Kalimantan Aluminium Industry (KAI), will begin phased operations by the end of 2025, signaling the potential for dividend distribution from the 2025 financial year, supported by positive catalysts from the smelter’s operations.
MedcoEnergi buys major stakes in South Sumatra gas blocks from Repsol
Indonesian oil and gas firm MedcoEnergi has agreed to acquire significant stakes in two South Sumatra gas blocks from Spanish energy company Repsol in a deal worth around US$90 million, the company announced on Tuesday, September 16, 2025.