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.
BI to roll out QRIS payments in China by end of 2025
The Indonesian Central Bank (BI) has confirmed that the expansion of its Quick Response Code Indonesian Standard (QRIS) payment service to China will be implemented by the end of this year. Deputy Governor of BI, Filianingsih Hendarta, said the system has entered its trial phase as of 17 August 2025.
Elnusa–PDSI merger plan seen as potential growth catalyst for Pertamina Group
Market speculation about a potential merger between Pertamina Group companies − PT Elnusa (ELSA) and PT Pertamina Drilling Services Indonesia (PDSI) − has grown stronger, with analysts viewing the move as a potential inorganic growth driver for Elnusa.
PTPP begins construction of Rp2.33 T New Priok logistics access road
State-owned construction firm PT PP (PTPP) has begun the construction of the Rp2.33 trillion (US$143 million) New Priok Eastern Access (NPEA) Section II, a key logistics route within Jakarta’s Tanjung Priok Seaport.
Pertamina NRE boosts renewable energy capacity after investment in Philippine’s CREC
Pertamina New & Renewable Energy (Pertamina NRE) has managed to increase its renewable energy generation capacity by 14 percent in the first half of 2025, reaching a total of 2,842 MW.
AGO questions six Pertamina officials in refinery graft probe
The Attorney General’s Office (AGO) has questioned six officials of State-owned energy giant PT Pertamina and its subsidiaries over an alleged corruption case involving the management of crude oil and refinery products between 2018 and 2023.
Pertamina subsidiary KPI joins Patra SK ownership to boost energy independence
Refinery and petrochemical arms of State energy company Pertamina, PT Kilang Pertamina Internasional (KPI), has acquired a 14 percent stake in PT Patra SK, a base oil lubricant company, from SK ENMOVE Co., Ltd, a move meant to create stronger integration within its supply chain and production.
Dharma Mitra Highlights “Street Leadership” as Key to Solving Real-World Problems
President Commissioner of PT Modernland Realty Tbk, Dharma Mitra, emphasized that true leadership requires direct involvement in real-world problems, rather than relying solely on theories. Speaking at the launch of his new book Street Leadership: Inspiration of Leadership Models from the Streets on Saturday, Aug. 16, 2025.
Qatar’s US$20 billion housing investment stalled over KAI leadership reshuffle
Deputy Minister of Housing and Settlement Areas, Fahri Hamzah, has revealed that the US$20 billion (Rp321 trillion) investment from Qatar has been delayed due to a reshuffle of the board of directors and commissioners at state-owned railway company PT Kereta Api Indonesia (KAI).
Foreign investors snap up Telkom shares as it sharpens focus on key business lines
Foreign investors have been actively buying shares of PT Telkom Indonesia, recording a net purchase of Rp1.45 trillion (US$89.7 million), subsequently pushing the stock price up 16 percent since the start of the week through Thursday, August 14, 2025.
Indonesia told to groom corporate leaders to drive 2045 transformation
A leadership research institute, Dwi Soetjipto Research Center (DRSC), and EM Transformation Academy (EM) have launched a joint initiative to nurture corporate leaders capable of steering the nation toward its vision of becoming a developed country by 2045.
Indonesia sees surge in EV charging station investment after policy shift
The Investment Coordinating Board (BKPM) has reported a sharp rise in foreign investor interest in building public electric vehicle charging stations (SPKLU) following the government’s recent regulatory overhaul.
IKN Authority puts Rp18.46 T in construction projects up for tender
The Nusantara Capital(IKN) Authority is auctioning 24 construction projects worth Rp18.46 trillion (US$1.1 billion) this month, focusing on the development of legislative and judicial complexes, along with supporting infrastructure in Indonesia’s new capital.