Wednesday, May 29, 2024

Risks & Opportunities

Risk and opportunities scanning of every sector
Opportunity & Risk
CNGR, a major Chinese company in the nickel processing industry and a key supplier of battery components for US electric car producer Tesla, is aggressively increasing its investments in Indonesia. […]
PT Freeport Indonesia (PTFI) President Director Tony Wenas has confirmed that the copper smelter in the Java Integrated Industrial Port Estate (JIIPE) area in Gresik, East Java, is on track to start operations by June 2024. […]
Jakarta, May 27, 2024 − PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, has paid off the remaining bonds worth US$396,709,000 in accordance to the maturity date as part of the repayment of the overall bond value of US$1.35 billion issued in 2014 and listed on the Singapore Exchange. […]
Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs). […]
JAKARTA, May 27, 2024 − Fossil fuels continue to dominate Southeast Asia’s energy sector, controlling around 83 percent of the region’s energy mix and largely overshadowing the 14.2 percent contribution from renewables. Among these, solar energy remains underutilized. While Vietnam has made significant strides, achieving an impressive 20.5 percent share of its power from solar, Indonesia still lags substantially, with less than 1 percent. […]
Minister of Public Works and Housing Basuki Hadimuljono signed two significant project financing agreements at the World Water Forum 2024. These agreements, worth a total of Rp5.4 trillion, were formalized following the High Level Panel of the WWF on Tuesday, May 21, 2024. […]
Coordinating Minister for the Economy, Airlangga Hartarto, met with South Korea’s Minister of Trade, Industry, and Energy (MOTIE) Ahn Duk Geun on Wednesday, May 22, 2024 to discuss bilateral cooperation in nuclear energy and electric vehicle (EV) ecosystem development. […]
East Ventures, a pioneering venture capital firm in Indonesia and Southeast Asia, together with Katadata Insight Center, launched on Friday, May 24, 2024, the East Ventures – Digital Competitiveness Index (EV-DCI) 2024, the fifth edition since the annual report was first launched in 2020. […]
The National Development Planning Agency (BAPPENAS) revealed that there are three challenges in implementing green development in Indonesia. […]
DBS Indonesia has set an ambitious target for Indonesia’s economic growth, projecting it to reach 8 percent by 2045 over Indonesia’s status as a major economy with a Gross Domestic Product (GDP) exceeding one trillion dollars. […]
Pertamina NRE and Masdar signed a memorandum of understanding on the development of solar and wind power plants in Indonesia and other countries with potential, on Tuesday, May 21, 2024. […]
PT Nusantara Regas, a subsidiary of State oil and gas company Pertamina, announced the company’s revenue of US$81.08 million for the fiscal year 2023 generated from LNG regasification services at the West Java Floating Storage & Regasification Unit (FSRU) facility. […]
PT Indosat (Indosat or Indosat Ooredoo Hutchison) is ready to strengthen its transformation towards AI Native TechCo to provide more values to shareholders and deliver the best digital experience for customers. […]
The Ministry of Energy and Mineral Resources (ESDM) has reported potential lithium and boron deposits in various locations in Grobogan, Central Java, following extensive research. […]
Elon Musk, the owner and CEO of Tesla Inc. and SpaceX, highlighted the potential of solar power plants (PLTS) as a solution to the global water crisis during his address at the opening of the 10th World Water Forum in Nusa Dua, Bali. […]
A quarterly publication of the Morgan Stanley Capital International (MSCI) issued in London on May 14, 2024, has included PT Chandra Asri Pacific (Chandra Asri Group) in its Global Standard Indexes for Emerging Markets. The inclusion of Chandra Asri Group will be implemented as of the market close of May 31, 2024. […]
State-owned mining holding company MIND ID is spearheading several smelter projects that are poised to significantly bolster Indonesia’s economy in support of the critical mineral downstream program. […]
The fifth C-130J-30 Super Hercules aircraft of the Indonesian Air Force with tail number A-1342 produced by Lockheed Martin, the United States, arrived at the Halim Perdanakusuma Air Base in Jakarta on Thursday, May 16, 2024. […]
PT Indosat (ISAT), a leading telecommunications operator in Indonesia, is set to initiate collaboration with technology giant NVIDIA in the third quarter of this year that will bring advanced artificial intelligence (AI) capabilities to Indonesian enterprises through NVIDIA’s GPU technology. […]
The world is facing a climate crisis, with climate shifts impacting many sectors critical to livelihoods. On the positive side, Indonesia is home to about 23 percent of the world’s mangrove forests, covering 3.44 million hectares and including 204 species. […]
The Indonesian Ministry of Transportation has announced that two major National Strategic Projects (PSN) aimed at enhancing logistics in Sumatra will not be completed this year due to land acquisition issues. […]
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia reminded investors of the obligations of investors involved in accelerating sugar and bioethanol self-sufficiency in Merauke, South Papua. […]
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia promounces the importance of involving local communities in investment projects in the regions. […]
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has revealed that a total of 120 strategic projects related to water and sanitation worth US$9.4 billion are expected to be agreed upon during the 10th World Water Forum that will be held in Bali on May 18-25, 2024. […]
The shareholders’ meeting of PT Pertamina International Shipping (PIS), a subsidiary of State oil and gas company PT Pertamina, has appointed Muhammad Resa as the company’s Director of Risk Management, with the aim of enabling the company to pursue aggressive growth while maintaining a strong focus on risk management. […]
PT Pertamina Power Indonesia, also known as Pertamina NRE, has highlighted that the current cost of hydrogen for transportation remains uncompetitive. Hydrogen is mainly used in the transportation sector for specialized fuel cell electric vehicles (FCEVs). […]
State electricity company PT PLN has completed the construction of the 2 X 55 MegaWatt (MW) Jatigede Hydroelectric Power Plant (PLTA) in Sumedang Regency, West Java. […]
Several companies have expressed their interest in managing the oil and gas Andaman III Block following the departure of previous operators Repsol and Petronas. The two firms decided not to extend their exploration period, which ended on June 23, 2023. […]
PT Amman Mineral Nusa Tenggara has reported significant progress in the construction of their copper smelter facility in West Sumbawa, with the mechanical completion slated for May 2024. […]
Alva, a prominent Indonesian electric motorcycle manufacturer, has achieved significant milestones with its models meeting the 40 percent Domestic Component Level (TKDN) requirements. Locally assembled and eligible for government subsidies, Alva’s electric motorcycles have garnered positive consumer responses. […]