Monday, June 5, 2023

Risks & Opportunities

Risk and opportunities scanning of every sector
Opportunity & Risk
PT Hyundai Energy Indonesia held a groundbreaking ceremony for its electric vehicle assembly plant located in the Greenland International Industrial Center (GIIC) in Cikarang Bekasi Regency on Wednesday (31/5). Hyundai Energy aims to produce 21,000 units of battery system assembly (BSA) per year. […]
BUMI has recently receive a new partner from China for the development of downstreaming its coal products, specifically in the ammonia sector. […]
Blue Bird turned its attention to Chinese EV manufacturer BYD to provide electric cars. Previously, the taxi company sourced its electric cars from Tesla. […]
Investment totaling IDR 134.7 trillion will be directed towards the production of electric vehicle (EV) batteries within the country. […]
Indonesia’s largest nickel sulfate factory, operated by PT Halmahera Persada Lygend, has been officially inaugurated. The company aims to begin nickel sulfate export in June 2023. […]
The Indonesian Government will increase its share ownership in Freeport as the company divest another 20% of its shares in exchange for permit extension. […]
Pertamina has been granted rights to manage the East Natuna Oil and Gas Working Area. The company won a bidding process with an investment of US$12.5 million. […]
The Indonesian government plans to stop exporting liquefied natural gas (LNG) due to increasing demand from domestic industries. […]
German car manufacturer Volkswagen (VW) intends to conduct a feasibility study in the coming months for the establishment of an US$5 billion-electric vehicle (EV) battery plant in Indonesia. The factory would not only produce electric vehicle battery but also electric cars. […]
Indonesia plans to become the regional hub for carbon capture and storage (CCS) by forming the Indonesia Carbon Capture and Storage Center (ICCSC). […]
The finalization of the plan to acquire Iran’s Mansouri Block had to be postponed due to the economic sanctions imposed by the US on Iran in mid-2018.   […]
Indonesian electric transportation company, PT Teknologi Mobilitas Tbk will conduct an IPO. The company targeted to raise fresh funds of up to IDR 1.1 trillion. […]
The Ministry of Energy and Mineral Resources (ESDM) will issue a regulation designating nickel and tin as critical mineral commodities. The new regulation is expected to help in driving the development of downstream mineral industry. […]
The Indonesian government the government is preparing the legal framework and plans to issue the Golden Visa policy in the near future. The program is expected to attract investments. […]
Minister Airlangga Hartarto, met with the United States Trade Representative (USTR) during the Indo-Pacific Economic Framework (IPEF) event in Detroit, US. Airlangga discussed various strategic economic topics with Deputy of the United States Trade Representatives Sarah Bianchi. […]
BI Rate held steady at 5.75% as Bank Indonesia (BI) identifies anomalies in the performance of the US dollar. […]
The Indonesian government recently issued a new regulation that contains provisions related to radioactive material mining area. The issuance of the new regulation is said to support the government’s plan to divert from coal and to further develop nuclear energy. […]
China’s mining vehicle producer FAW Trucks will be expanding to South Sumatra as the mining industry in the region shows increase. […]
Singapore-based startup builder and venture capital firm Antler, plans to invest in 30 startups in Indonesia. Antler’s investment focus is not limited to vertical startups, despite recognizing their massive potential. In alignment with current global trends, Antler anticipates the emergence of numerous climate or environment-based startups (climate tech). […]
PLN is seeking to leverage US$ 20 billion (IDR 300.16 trillion) from a climate finance deal to replace diesel power plants with solar power. […]
The United States’ debt, potentially looms the country into recession as it is currently facing its debt of U$ 31.4 trillion. In addition, the risk of de-dollarization poses another challenge. […]
Indika Energy has announced plans to gradually divest from coal mining and expand its business scope to include mineral mining such as gold. Apart from gold mining, Indika Energy is also making expansion into bauxite mining. […]
Pertamina Geothermal Energy continues to pursue sustainable business with Japanese companies in developing clean energy for Indonesia. Indonesia currently holds the world’s second-largest geothermal potential, after the United States. […]
The Indonesian government has decided to implement stringent requirements for investor visa. The decision was made following recent cases of visa fraud and violations. […]
Businesses face finance problems resulting in the postponement of construction of many bauxite smelters. Businesses are having difficulty to obtain funds from banks. […]
The Minister of Energy and Mineral Resources, is urged to expedite the creation of Indonesia Nickel Prices Index for domestic transaction. Businesses asserted that the index is important for them to be used as a reference for royalty payment. […]
The Ministry of Energy and Mineral Resources will ban mineral exports starting in June 2023. The ban is said to cause potential losses for the government in the form of state revenue and royalties. […]
The government’s subsidy program for electric vehicles (EV) has faced criticism from multiple parties in the House of Representatives (DPR).  The DPR argued that the EV subsidy funds could have been allocated for other more impactful sectors. […]
The Ministry of Energy and Mineral Resources (ESDM) expresses disappointment over Shell’s reluctance in exiting the Masela LNG Project. […]
PT Pertamina Power & New Renewable Energy (NRE) has allocated a staggering US$10 billion to fund an extensive feasibility study focused on green ammonia production. The company is collaborating with two Japanese energy companies in the project, aiming to finalize it by 2024. The work areas are expected to generate up to 865 megawatts (MW). […]