Friday, February 23, 2024

Risks & Opportunities

Risk and opportunities scanning of every sector
Opportunity & Risk
President Director of State electricity company PT PLN, Darmawan Prasodjo, has suggested that hydrogen fuel cell vehicles as future transportation is much more efficient when compared to fuel-based, even electric vehicles. […]
Vale Indonesia, a subsidiary of Canadian company Vale, has denied the Indonesian government’s claim that Vale Indonesia and Indonesian state-owned mining holding company MIND ID had reached an agreement with the government on the price of divestment shares. […]
Pertamina Hulu Mahakam (PHM) has secured the final investment decision (FID) approval to proceed with the implementation of the more than US$ 300 million Offshore Field Development Project (OPLL-3B) in the Mahakam Block. […]
Vela Alpha, a drone developed by PT Dirgantara Indonesia or PTDI in collaboration with PT Vela Prima Nusantara, also known as Vela Aero, made its appearance at the Singapore Airshow 2024 aviation exhibition. […]
The Upstream Oil and Gas Regulatory Task Force (SKK Migas), along with Inpex Corporation, is still studying global liquefied natural gas (LNG) market projections to secure long-term gas sales contracts for the Masela Block. […]
Ministry of Energy and Mineral Resources (ESDM) is unveiling a promising prospect for sustainable energy development mainly in Papua’s hydropower and its potential export. […]
State electricity company PT PLN inaugurated Indonesia’s first Hydrogen Refueling Station (HRS) or hydrogen vehicle filling station located in Senayan, Jakarta on Wednesday, February 21, 2024. […]
The global demand for nickel has burgeoned with the rise of electric cars, provoking Indonesian President Joko Widodo to ban export of nickel ores in 2020 as part of the attempt to increase the nation’s revenue through export of only processed nickel. […]
Indonesia possesses the potential for carbon storage of over 500 gigatons, according to calculations by the Ministry of Energy and Mineral Resources (ESDM) and the Oil and Gas Institute (Lemigas). […]
The plan to construct a toll road with an immersed tunnel in the Nusantara Capital (IKN) is still under evaluation as its construction is projected to incur massive costs of up to Rp10 trillion (US$638.3 million), a senior government official says. […]
Minister of Industry Agus Gumiwang Kartasasmita praises the Indonesian manufacturing industry’s remarkable growth surpassing the average growth of other countries, including South Korea and Brazil. […]
PT Gudang Garam (GGRM) has established a Toll Road Business Entity (BUJT) named PT Surya Sapta Agung Tol (SSAT) to undertake the Kediri – Tulungagung Toll Road project. […]
Securities company Mandiri Sekuritas has revealed a big corporation action plan by PT Trimegah Bangun Persada (NCKL) or Harita Nickel that will be financed by the proceeds of a private placement or rights issue. […]
Indonesia state mining holding company MIND ID through its subsidiary Inalum plans to collaborate with United Arab Emirates aluminium company, the Emirates Global Aluminium (EGA), to develop the bauxite downstream industry in order to produce aluminum. […]
The Energy and Mineral Resources Ministry has encouraged the Industry Ministry to evaluate the development of nickel refinery and proccesing facility, particularly the smelter, with Rotary Kiln Electric Furnace (RKEF) that produce Nickel Pig Iron (NPI). […]
The Ministry of Industry (Kemenperin) reports that the performance of manufacturing exports reached US$186.98 billion or equivalent to Rp2,932 trillion in 2023. Non-oil and gas exports contributed 72.24 percent of the total national export value of US$258.82 billion in 2023. […]
The Ministry of Industry has revealed that the realization of investment in the manufacturing sector over the past decade, from 2014 to 2023 under the leadership of President Joko “Jokowi” Widodo, has reached Rp3,031.85 trillion (US$193.9 billion). […]
The Indonesian government continues to push for the development of bioenergy through a blend of diesel fuel and 35 percent palm oil, known as the mandatory biodiesel B35 program. The campaign is strengthened with the introduction of a vision for Indonesia to produce fuel that is 100 percent derived from palm oil, known as B100. […]
PT Astra Agro Lestari is preparing a capital expenditure of around IDR 1.5 trillion (about US$96 million) this year, with the majority allocated for replanting 5,000 hectares of oil palm trees. […]
The Ministry of Energy and Mineral Resources (ESDM) projects that there will be 13.86 million tons of unsold bauxite domestically from this year’s upstream mining production capacity. This amount equates to export value of US$494.6 million or Rp7.7 trillion. […]
The Indonesian Association of Bauxite and Iron Ore Entrepreneurs (APB3I) has regretted the delay in the issuance of the 2024-2026 Work Plan and Budget Approval (RKAB) for bauxite mining companies until early this year, citing that it would halt operational activities of dozens of association members. […]
Energy and Mineral Resources Minister Arifin Tasrif reveals that Indonesia’s state-owned mining holding company MIND ID and PT.Vale Indonesia have reached a deal on divestment share price. […]
State energy giant Pertamina’s global arm, Pertamina International EP (PIEP), booked outstanding performance last year with its oil and gas production from its overseas assets exceeding its targets. […]
PT Kereta Api Indonesia (KAI) has signed a facility agreement with the China Development Bank for financing the cost overrun of the Jakarta-Bandung High-Speed Rail project. The loan disbursement was received on February 7, 2024. […]
PT PLN has secured a grant of US$1 million (IDR 15.6 billion) from the United States Trade and Development Agency (USTDA) in support of a feasibility study for the development of new renewable energy infrastructure in five remote, outermost, and disadvantaged regions (3T) in Eastern Indonesia. […]
PT Pertamina Patra Niaga, a Commercial & Trading Sub-Holding of PT Pertamina, responds to findings by the Business Competition Supervisory Commission (KPPU) regarding the monopoly of aviation fuel sales. […]
PT Pertamina Hulu Energi (PHE) is expediting the process of developing oil and natural gas (oil and gas) discoveries in Bekasi, West Java. […]
The Ministry of Defence has defended that media reports on alleged corruption in purchase of French-made Dassault Mirage 2000-5 fighter jets from Qatar, which had been cancelled, were misleading and slanderous. […]
The Oil and Gas Institute (Lemigas) has conducted a series of studies related to the implementation of Carbon Capture Storage (CCS) and Carbon Capture and Utilization Storage (CCUS) technologies in Indonesia. […]