INSIDER

Darmawan Prasodjo, President Director of State power utility PT PLN, has been named CEO of the Year for the third consecutive time at the CNBC Indonesia Awards 2024 presentation ceremony held on Wednesday, December 11, 2024. […]

PT Bank Maspion Indonesia (BMAS) is on track for significant growth following its acquisition of a controlling stake by Thailand’s second-largest bank, KBank. The move opens up possibilities for corporate actions such as mergers and acquisitions (M&A) within Indonesia’s banking sector. […]

State-owned construction company PT Wijaya Karya (WIKA) has confirmed discussions regarding a potential merger with fellow state-owned company PT PP (PTPP). If the merger proceeds, the combined entity is expected to focus on large-scale infrastructure projects such as ports, airports, factories, and residential developments. […]

Indonesian Air Force Chief of Staff, Air Chief Marshal Mohamad Tonny Harjono, has emphasized the importance of implementing Artificial Intelligence (AI) and cyber technology in strengthening the country’s air defense. […]

The Second Joint Sea Operation Exercise 2024 (Latopslagab) held in conjunction with the Commemoration of the 2024 Indonesian Naval Fleet Anniversary has completed, with proven and successful firing of missiles and rockets. […]

Minister of Finance Sri Mulyani Indrawati reveals that the realization of the State Budget (APBN) deficit until November 2024 has reached Rp401.8 trillion (US$25.2 billion), or equivalent to 1.81 percent of Gross Domestic Product (GDP) and is still below the limit set in the law of Rp522.8 trillion (US$32,7 billion). […]

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has set an ambitious target of 16.75 percent of annual investment growth in order to support 8 percent economic growth by 2029 as directed by President Prabowo Subianto. […]

Governor of the Indonesian Central Bank (BI) Perry Warjiyo inaugurated on Wednesday, December 11, 2024 new leaders for various units at the Bank’s Head Office and Representative Offices. […]

Three leading Indonesian telecommunications companies − PT XL Axiata (EXCL), PT Smartfren Telecom (FREN), and PT Smart Telcom − have merged to create a new entity called XLSmart, valued at over Rp104 trillion (US$6.5 billion), with XL Axiata to serve as the surviving entity in this significant consolidation. […]

Amnesty International Indonesia has called on President Prabowo Subianto to replace National Police (Polri) Chief General Listyo Sigit Prabowo amidst rampant ethical and procedural violations in the police force. […]

Schneider Electric, digital transformation company in energy management and automation, announces that it has accelerated its end-to-end artificial intelligence (AI)-enabled data center solutions to address energy and sustainability challenges resulting from the high demand for AI systems. […]

The government’s annual three million homes development program has lured the attention of foreign investors that Indonesia needs to soon have comprehensive set of regulations to support and protect their interests. […]

The Mining Advocacy Network (Jatam) asks the police to investigate Juanda Lesmana Lauw, owner of coal mining company PT Kayan Putra Utama Coal (KPUC), for alleged involvement in polluting the Malinau River in North Kalimantan province. […]

PT Chandra Asri Pacific (TPIA) has signed an EPC contract with PT Inti Karya Persada Tehnik (IKPT) to increase the production capacity of its B1 & MTBE plants by more than 25 percent, to strengthen its position as the only B1 and MTBE producer in Indonesia. […]

State-owned gas distribution company PT PGN has partnered with the National Nutrition Agency (BGN) to supply natural gas for the government’s “Makan Bergizi Gratis” (MBG) or “Free Nutritious Meal” program. […]

Ministry of Energy and Mineral Resources (ESDM) is designing a new business model to optimize the country’s national energy reserves, which currently only last for around 20 days. […]

President Prabowo Subianto is optimistic that Indonesia, along with Brazil and Congo, is on track to achieve the energy self-sufficiency milestone soon. […]

A new study by the Center of Economic and Law Studies (CELIOS) reveals the serious impact of the food estate project in Merauke on Indonesia’s carbon emissions. […]

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) renews calls for oil and gas contractors to innovate and utilize the latest technology in an effort to meet the government’s target of increased national oil&gas production and lifting. […]

Trade and State-owned Enterprises (SOEs) Commission VI of the House of Representatives (DPR) highlighted the worrying performance of building material solutions provider PT Semen Indonesia Group (SIG), particularly its impact on subsidiaries − PT Semen Padang, PT Semen Tonasa, and PT Semen Baturaja. […]

An analysis on financial report of nine biggest coal mines in Indonesia by #BersihkanBankmu shows that banking credit for coal mining sector continues to increase despite talks on energy transition and net zero emission target. […]

Indonesia’s state-owned mining holding company, MIND ID, has announced that it will focus on five strategic downstream projects in 2025, with an allocated investment of Rp20.6 trillion (US$1.3 billion). […]

PT Barito Renewables Indonesia (BREN), a renewable energy subsidiary of Barito Pacific,  is embracing generative artificial intelligence (GenAI) to optimize its operational activities, particularly in its geothermal division, through the use of cloud-native technology. […]

The Ministry of Religious Affairs is reviewing a proposal from the Indonesian House of Representatives (DPR) regarding the certification of religious preachers following a recent controversy involving a popular Muslim preacher’s inappropriate behavior. […]

Indonesian Military (TNI) Chief General Agus Subiyanto has validated a major reshuffle in the military institution, presumably the largest ever in a single reorganization stage, involving 300 high-ranking officers (Pati) of the three military branches − Air Force, Army and Navy. […]

The 8-percent economic growth target set by the Prabowo Subianto government in 2026 must be supported by strong energy security, with sea transportation playing a key role, an observer says. […]

PT Semen Baturaja (SMBR), a subsidiary of State-owned cement producer PT Semen Indonesia (SIG), remains optimistic about closing 2024 with positive performance even though the national cement industry is experiencing market oversupply, with the South Sumatra-based company recording a 1-percent increase in sales volume as of third quarter of 2024 compared to the same period in the previous year. […]

Indonesia needs to reduce capacity of its coal fired power plant for 3 gigawatt (GW) per year and simultaneously increase its renewable energy capacity up to 8 GW annually if it wants to be free of coals in 2040, climate and energy think tank EMBER says. […]

The Corruption Eradication Commission (KPK) is questioning several officials from the Bandung City Government and private sector individuals regarding the alleged flow of illicit funds linked to a corruption case involving former Bandung Mayor Yana Mulyana. […]

Police are investigating actress Hana Hanifah’s potential involvement in receiving hundreds of millions of rupiah related to a corruption case concerning fake business trip claims at the Secretariat of the Riau Provincial Legislative Council (DPRD). […]