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.
Link Net addresses Axiata’s divestment as surge eyes potential acquisition
Cable television and internet service provider PT Link Net (LINK) has responded to the recent divestment move by its controlling shareholder, Axiata Investment, which sold 136,203,259 shares of LINK at Rp3,060 per share on Tuesday, August 26, 2025.
Seven firms in IPO pipeline as gold, property subsidiaries prepare to list
The Indonesia Stock Exchange (IDX) has reported that seven companies are in the pipeline to launch initial public offerings (IPO).
Syngenta boosts food security with rice cultivation guidebook, drone center
Agricultural innovation company, Syngenta Indonesia, launched two strategic innovations to support rice farming transformation and strengthen national food self-sufficiency − Rice Cultivation Guidebook and Drone Learning Center − at the company’s Research and Development (R&D) Center in Cikampek, West Java on Wednesday, August 27, 2025.
Telkom Indonesia partners with Sembcorp to build data centers in Southeast Asia
Indonesia’s State telecommunications company, PT Telkom Indonesia, through its subsidiary PT Telkom Data Ekosistem (NeutraDC), has set up a partnership with Singapore’s Sembcorp Development Ltd to develop sustainable data centers across Southeast Asia.
Telkom’s 10th BATIC Forum draws global digital leaders, flashes on AI and connectivity
State telecommunications company, PT Telkom Indonesia, through its carrier services subsidiary Telin, is holding the 10th Bali Annual Telkom International Conference (BATIC), drawing hundreds of business leaders from across the globe.
Bank Mandiri welcomes BI rate cut, strengthens focus on healthy, inclusive credit growth
State-owned Bank Mandiri has welcomed the Indonesian Central Bank’s (BI) decision to lower the benchmark BI Rate by 25 basis points to 5.00 percent, calling it an accommodative step to maintain economic stability amid global uncertainties.
Danantara Indonesia to issue US$3.1 billion “Patriot Bonds” for strategic projects
The country’s investment management agency BPI Danantara, or Danantara Indonesia, is preparing to launch Patriot Bonds up to US$3.1 billion (Rp50 trillion), which will be allocated to several national strategic projects, including large-scale waste management.
Forestry ministry: PT Sumber Permata Sipora has no permit yet on Sipora Island
The Ministry of Forestry clarifies that PT Sumber Permata Sipora (SPS) has not yet obtained a Forest Utilization Business Permit (PBPH) to operate on West Sumatra’s Sipora Island, but only a commitment approval issued on March 28, 2023, covering 20,710 hectares − or 33.66 percent of the island’s total area.
PTPP secures Rp3.35 T gas-fired power plant project in Batam
State-owned construction firm PT PP (PTPP) has secured a new contract worth Rp3.35 trillion (US$206 million) to build a combined cycle gas turbine power plant (PLTGU) for State electricity company PT PLN in Batam, Riau Islands.
Eramet: Collaboration with INA, Danantara continues
Mining company Eramet Indonesia has confirmed that collaboration with the Indonesian Investment Management Agency (INA) and Sovereign Wealth Agency Danantara Indonesia is underway and will continue into the future, citing ongoing cooperation to establish a strategic investment platform in the nickel sector, from upstream to downstream operations.
Jakarta-Bandung high-speed rail a ‘ticking time bomb’ amid mounting debt: KAI
State-owned railway operator PT Kereta Api Indonesia (KAI) has raised an alarm over the financial strain posed by the Jakarta-Bandung high-speed rail (KCJB), warning lawmakers that the multibillion-dollar project has become a “ticking time bomb” unless urgent debt restructuring is carried out.
BCA refutes irregularity allegations over 2002 acquisition by Djarum
PT Bank Central Asia (BCA) has denied recent media reports alleging irregularities in the acquisition of its majority shares by the Djarum Group during the presidency of Megawati Soekarnoputri.