Friday, June 14, 2024

INSIDER

Corporate, competitive and government-relation intelligence and interview
Inner Circle
A number of members of the Prabowo Subianto-Gibran Rakabuming Raka election winning team (TKN) have been awarded management supervision posts within Indonesia’s State-owned enterprises (SOEs) in post-2024 presidential election. […]
State electricity company PT PLN has secured a lending facility from a consortium of the World Bank, Canada Clean Energy & Forest Climate Facility and Clean Technology Fund amounting to US$581.5 million for increased access to electrification in the country, energy transition programs and the company’s digitization. […]
Dozens of activists of the Mining Advocacy Network (Jatam) and representatives of residents living in eastern Indonesia provinces held a sit-in as the Indonesian Nickel and Cobalt Conference was underway at the Mulia Hotel in Jakarta on Thursday, June 13, 2024. […]
A legislator with the House of Representatives’ (DPR) Agriculture, Environment and Forestry Commission IV, has called on the Ministry of Environment and Forestry (KLHK) to conduct research on river water in mining areas potentially contaminated by illegal mining activities. […]
State energy company PT Pertamina recorded positive performance in 2023, booking a total profit of US$ 4.77 billion (Rp 72.7 trillion), an increase by 17 percent from 2022, and its earnings before interest, tax, depreciation and amortization (EBITDA) at US$14.36 billion, a six-percent increase from the 2022 figure. […]
The Muslim-based National Awakening Party (PKB) has endorsed former Governor Anies Baswedan as its sole candidate for the upcoming Jakarta gubernatorial election in November. […]
The Trenggalek Regency Administration in East Java is exploring carbon trading as a new fiscal scheme to increase local revenue, adopting the theme of net zero carbon as part of its strategy to support the national target for 2060. […]
William Tanuwijaya and Melissa Siska Juminto are the latest names to step down from PT GoTo Gojek Tokopedia (GOTO) following the Annual General Meeting of Shareholders (RUPST) on Tuesday, June 11, 2024, signaling a major shift in the company’s leadership. […]
PT Pertamina EP, a subsidiary of State oil and gas company Pertamina, has identified the world’s geopolitical conditions as the biggest challenge for the country’s oil and gas industry due to its multiplier effect. […]
Minister of Finance, Sri Mulyani Indrawati, says spatial poverty remains a significant challenge for Indonesia that the government is actively working to reduce poverty levels in line with the improving national economic growth. […]
Dozens of community members of Dairi regency in North Sumatra staged a protest in front of the Chinese Embassy and the Supreme Court in Jakarta on Tuesday, June 11, 2024, against the planned development of a zinc and lead mine project by Dairi Prima Mineral (DPM) in the regency despite overwhelming evidence that it poses extreme and deadly risk to surrounding villages. […]
Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, recently revealed Indications of modern slavery practices in Indonesia’s national waters, with alarming evidence pointing to activities in Maluku. […]
The Corruption Eradication Commission (KPK) summoned top executives of State-owned gas distribution company PT Perusahaan Gas Negara (PGN), to testify as witnesses in an ongoing investigation into alleged corruption in the company. […]
JAKARTA − The Indonesian Mining Industry Holding Company (MIND ID) booked a net profit of Rp27.5 trillion US$1.68 billion) in 2023, an increase by 22.4 percent from 2022 and 36.3 percent higher than the 2023 target stipulated in the company’s Working Plan and Budget (RKAP). […]
The Ministry of Energy is investigating the reasons behind Indonesia’s continued nickel imports, which surged to 507,697.32 tons this year, despite the country’s rich nickel reserves. […]
PT Pertamina Patra Niaga, Pertamina’s Commercial & Trading Sub Holding has moved to safeguard residents of Tasikharjo Village, Tuban Regency, East Java, who took refuge at the local disaster mitigation agency (BPBD) post on Monday, June 10, 2024 following gas leak incident at the Tuban Fuel Terminal. […]
JAKARTA − Chairman of the Center of Energy and Resources Indonesia (CERI), Yusri Usman, has alleged that President Joko “Jokowi” Widodo broke the law when issuing Government Regulation No. 25/2024 on the Implementation of Mineral and Coal Mining Activities which contradicts Law No. 3/2020 on Mineral and Coal Mining. […]
The government has planned to grant mining permits for six religious organizations in Indonesia, namely Nahdlatul Ulama (NU) and Muhammadiyah Muslim organizations, the Indonesian Catholic Bishop’s Conference (KWI), Protestant’s Indonesian Communion of Churches (PGI), Buddhism and Hinduism organizations. […]
Chairman of the National Democratic (NasDem) Party, Surya Paloh, has announced their support for Ilham Akbar Habibie to run in the West Java gubernatorial election. […]
Ministry of Energy and Mineral Resources (ESDM), has planned to issue artisanal mining permits (IPR) in three regencies of the Bangka Belitung Islands province to allow local tin miners to operate legally. […]
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia has maintained that the Indonesian government does not seek control of PT Freeport Indonesia operation during the negotiation for extension of the company’s special mining business permit after 2041. […]
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia says the government’s decision to grant mining business permit for religious organizations is in return to their past services during and after the country’s struggle for independence. […]
Jakarta − The Upstream Oil and Gas Regulatory Task Force (SKK Migas) and gas contractors (KKKS) have been actively enggaged in efforts to achieve zero routine flaring target and to increase the added-value of gas production by utilizing gas that has the potential to be used as derivative products into LNG and LPG. […]
A recent survey reveals that former Jakarta Governors Basuki “Ahok” Tjahaja Purnama and Anies Baswedan are the leading candidates for the Jakarta governorship position for the 2024-2029 term. […]
The Financial Services Authority (OJK) is addressing findings from the Supreme Audit Agency (BPK) regarding the oversight of closed financing companies, which has been deemed suboptimal […]
Labor unions are set to open discussions on the Public Housing Savings program, known as Tapera, when President-elect Prabowo Subianto takes office. […]
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has identified three main reasons for the delay in achieving Indonesia’s 2030 oil and gas production targets, including delays in the onstream schedule of planned projects, such as the Blok Tuna in the North Natuna Sea. […]
The oil production of State oil and gas company PT Pertamina in 2023 recorded an increase of 8 percent compared to oil production in 2022. Pertamina’s oil production rose from 514,000 Barrels per Day (BOPD) in 2022 to 566,000 BOPD in 2023. […]
Jakarta − PT Delta Dunia Makmur, through American Anthracite SPV I, LLC, a subsidiary of BUMA International, has signed a Stock Purchase Agreement (SPA) for acquisition of Atlantic Carbon Group, Inc (ACG), the second largest Ultra High Grade (UHG) anthracite producer in the United States. […]
Jakarta − State oil and gas company PT Pertamina and Bakrie Group are collaborating to build the Nusantara Sustainability Hub in the Nusantara Capital City (IKN) meant for the International Institute of Sustainability Indonesia (IISI) to develop a world-class sustainable energy research centre and education facility. […]