Risks & Opportunities

NITG Inc., a leader in developing cutting-edge cryptocurrency quantitative AI technology, is set to expand its operations to Indonesia, marking its first major move into the Asian market. […]

The Coordinating Ministry for the Economy reveals that there are soix new investors lining up to invest in the construction of a data center in Indonesia located in the Nongsa Digital Park, Special Economic Zone (SEZ), Riau Islands province. […]

The Ministry of Public Works and Housing (PUPR) has commenced the construction of the Rp4.15 trillion (Rp256 million) Jenelata Dam in Gowa, South Sulawesi, aimed at optimizing flood control in Makassar. […]

Oil and gas service provider PT Elnusa, which is a subsidiary of State oil and gas company Pertamina, is planning to venture into the new business of LNG (liquefied natural gas) regasification transport. […]

State-owned construction and investment company PT Pembangunan Perumahan (PP) is set to undertake a significant energy sector project valued at approximately Rp2 trillion (US$123.4 million). […]

PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, is working on several strategic gas pipeline projects, including the Cisem Phase II project in which PGN will synergize with the government to distribute gas from East Java to West Java. […]

PT Kilang Pertamina Internasional (KPI), a subsidiary of State oil and gas company Pertamina, is inviting investors to join the Green Refinery Cilacap project, which has completed its first phase construction and is moving forward with Phase 2. […]

Indonesia’s utilization of geothermal energy has reached just 2.4 gigawatts (GW), a mere 10 percent of its total potential of 23.9 GW that industry players call for clearer regulations and incentives from the government to optimize this significant renewable energy resource. […]

A senior officer with PT Bank Danamon Indonesia (BDMN) reveals that the bank aims for double-digit loan growth in 2024 upon monitoring positive trend of the bank’s lending so far. […]

French mining company Eramet SA is in discussions with Zhejiang Huayou Cobalt Co (Huayou) to produce nickel for electric vehicle batteries in Indonesia. […]

Indonesian satellite company, PT Pasifik Satelit Nusantara (PSN), is partnering with Bengaluru-based navigation product manufacturer, Elena Geo Tech Pvt Ltd, to develop Indonesia’s satellite-based Positioning, Navigation, and Timing (PNT) system. […]

The Indonesian Olefin, Aromatic, and Plastic Industry Association (Inaplas) has reported that investments in the plastic industry amounting to US$27.08 billion (Rp439 trillion) have been postponed following the implementation of Ministry of Trade Regulation No. 8/2024. […]

PT Bank Negara Indonesia Tbk (BNI) has allocated a capital expenditure (capex) of Rp 1.9 trillion (US$117 million) for information technology (IT) enhancement this year aimed at bolstering digital security, particularly for customer data. […]

The Ministry of Public Works and Housing (PUPR) is set to construct the Rp 3.3 trillion (US$202.7 million) Memberamo-Elelim road segment, a crucial part of the Trans Papua network designed to connect the capital of Papua Mountains province, Wamena, with the capital of Papua Province, Jayapura. […]

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) aims to develop 133 non-National Strategic Projects (PSN) in the upstream oil and gas industry by 2029, with a total investment of Rp58 trillion (US$3.5 billion). […]

ALBA Group is constructing a plastic waste recycling plant in Kendal Industrial Park, Central Java, with a capacity of 36,000 tons per year that will require approximately 48,000 tons of PET bottle waste annually. […]

The Ministry of Industry has announced that PT Frisian Flag Indonesia (FFI) plans to construct its third dairy factory in Cikarang, West Java, with an investment of Rp3.8 trillion (US$232.5 million). […]

The Indonesian Central Bank (BI), along with the central banks of four other ASEAN countries, has completed the Phase 3 blueprint of Project Nexus, aimed at enabling participating countries to achieve faster and smoother domestic instant payment interconnections. […]

Starlink, through its enterprise division Starlink Service Indonesia, has partnered with FiberStar, a leading telecommunications infrastructure provider in Indonesia, to deliver reliable satellite internet access across the country. […]

PT Nusantara Infrastructure (META), through its subsidiary PT Margautama Nusantara (MUN), has joined a consortium acquire a 35 percent stake in PT Jasamarga Transjawa Tol (JTT), the operator of the Trans Java Toll Road. […]

Italian energy giant Eni is reportedly preparing to sell its global upstream oil and gas assets valued at over US$4.3 billion (Rp 70.5 trillion) as part of the strategy to fund its energy transition plans. […]

Jadestone Energy (Lemang) Pte. Ltd. has completed the construction of the Akatara gas facility and initiated the first gas flow from the well to the facility, marking a significant milestone in the commercialisation of gas resources in Jambi Province. […]

A total of 12 investors from China and Singapore as well as domestic investors have expressed their interest to invest in the Indonesian Textile sector. […]

Japan has announced its commitment to assist West Java in enhancing its waste management capabilities through a technical cooperation project with the Japan International Cooperation Agency (JICA). […]

PT Triputra Agro Persada (TAPG) and Aisin Takaoka Co., Ltd have set up a joint venture to produce biocoke from palm shells, a pioneering technology aimed at promoting green energy and reducing carbon emissions in Indonesia’s steel foundry industry. […]

The National Data Center, serving 210 institutions across central and regional levels, had been disrupted by the Brain Cipher ransomware, prompting rapid data relocation and recovery efforts. […]

A number of bauxite smelter companies are facing financial problems that cause delay in smelter construction projects. […]

Indonesia has managed to cut its dependency on imported pharmaceutical raw materials from 95 percent in 2019 to 90 percent this year, despite the challenges brought by the COVID-19 pandemic. However, this figure still falls short of the government’s target of 65 percent. […]

Steel plate coating company PT Tata Metal Lestari is set to invest Rp1.5 trillion (US$91.5 million) to expand its production capabilities, aiming to boost export performance by 2025. […]

Indonesia’s aim to achieve net-zero carbon emissions in the electricity sector by 2050 is under threat due to the government’s plan to develop new gas fields, potentially hindering the energy transition efforts, a researcher says. […]