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.
Danantara mulls merger of Pelita Air and Garuda Indonesia
The sovereign wealth agency, BPI Danantara, is studying the potential merger between state-owned carriers Pelita Air and Garuda Indonesia in an effort to boost efficiency and optimize resources.
Indonesia eyes bigger stake in Freeport Indonesia as part of mining license extension
The Indonesian government is seeking to acquire more than 10 percent of PT Freeport Indonesia (PTFI) shares from U.S.-based Freeport-McMoRan, surpassing the original target tied to the company’s mining license extension beyond 2041.
Telkom to divest fiber unit Infranexia amid push for long-term growth
State telecommunications company, PT Telkom Indonesia is preparing to divest one of its key assets, PT Telkom Infrastruktur Indonesia (Infranexia), which specializes in fiber-optic business operations.
Pertamina to merge 3 subsidiaries to boost efficiency, align with Danantara vision
State energy company PT Pertamina has planned to merge the operations of three key subsidiaries − PT Pertamina Patra Niaga, PT Pertamina International Shipping, and PT Kilang Pertamina Internasional − as part of the strategy to improve efficiency and align with the direction set by the State sovereign wealth agencyBPI Danantara.
MET Group has new CEO, Benjamin Lakatos to continue as Executive Chairman
Swiss-based energy company MET Group has announced the appointment of Huibert Vigeveno as the new Group Chief Executive Officer (GCEO), effective January 1, 2026, while controlling shareholder and current GCEO Benjamin Lakatos will continue to serve as Executive Board Chairman, remaining actively involved in guiding the company’s vision and growth.
Venteny expects to secure Rp300-400 billion loan from Japanese investors
Technology-based financial services firm PT Venteny Fortuna International (VTNY) is expected to secure additional loans worth Rp300–400 billion (US$24.3 million) from Japanese investors by the end of 2025.
Indonesia’s Gag nickel resumes operations after temporary suspension
The Ministry of Energy and Mineral Resources (ESDM) has confirmed that PT Gag Nickel, a subsidiary of state-owned miner PT Antam, has resumed operations on Gag Island, Raja Ampat, Southwest Papua.
Pertamina NRE seals deal with Dutch HyET group on renewable energy innovation
Renewable energy subholding of State oil and gas company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE), has signed a memorandum of understanding (MoU) with Dutch company HyET Group, for the development of renewable energy (RE) in Indonesia through technological innovation.
Pertamina NRE seals deal with Dutch HyET group on renewable energy innovation
Renewable energy subholding of State oil and gas company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE), has signed a memorandum of understanding (MoU) with Dutch company HyET Group, for the development of renewable energy (RE) in Indonesia through technological innovation.
Indika Energy establishes new subsidiary in bio-based chemical industry
Energy company PT Indika Energy (INDY) has established a new subsidiary, PT Tripatra Bioenergi Angkasa (TBA), to expand into the chemical industry.
Danantara prepares 33 strategic projects, waste-to-energy as key
Indonesia’s sovereign wealth fund BPI Danantara is set to launch 33 strategic projects, one of which is a major waste-to-energy (WtE) program aimed at turning waste into renewable energy.
Pertamina seeks US$2.5 billion short-term loan amid market uncertainty
Indonesia’s state-owned energy company PT Pertamina is seeking a short-term loan worth US$2.5 billion (Rp40.9 trillion), a transaction expected to be one of the country’s largest U.S. dollar loan deals this year.