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Foreign companies under scrutiny for worsening air quality in Indonesia, Malaysia, and Singapore
Several foreign companies are being scrutinized as potential contributors to deteriorating air quality in various regions of Indonesia, Malaysia, and Singapore.
Indonesia's electric vehicle motorcycle industry is regulating battery standardization
State-owned enterprise PT Indonesia Battery Corporation (IBC) is gearing up to commence battery standardization in collaboration with three domestic electric motorcycle manufacturers: Gesits, Alva, and Volta. This transformative initiative is expected to kick off no later than early next year.
Former deputy head of Indonesia National Police appointed as deputy main commissioner of PT Pindad
Commissioner General Agus Andrianto, Deputy Head of the Indonesian National Police (Wakapolri) was appointed Minister of State-Owned Enterprises Erick Thohir to become Deputy Main Commissioner of PT Pindad (Persero).
Pertamina strengthens energy partnership with Tanzania through comprehensive collaboration
Indonesia bolsters energy cooperation between nations through PT Pertamina (Persero), the state-owned Indonesian oil and gas company, inked a groundbreaking exploration and production agreement with Tanzania Petroleum Development Company (TPDC), a state-owned enterprise from Tanzania. This landmark collaboration was formalized during the official visit of President Joko Widodo (Jokowi) to Tanzania.
Megawati Soekarnoputri urges nuclear development and follow North Korea
Megawati Soekarnoputri, the Chairwoman of the Indonesian Democratic Party of Struggle (PDI-P), asserted that Indonesia should follow North Korea's lead in developing nuclear capabilities. The statement has inevitably sparked intense discussions,
Waskita Karya and Wijaya Karya face allegations of financial report manipulation
Deputy Minister of State-Owned Enterprises (SOEs) Kartika Wirjoatmodjo, suspected that the managements of PT Waskita Karya Tbk (WSKT) and PT Wijaya Karya Tbk (WIKA) might have manipulated their financial reports for years.
BSI’s data breach: A menace to Indonesia’s banking security
A ransomware cybercriminal group Lockbit 3.0 claimed on Saturday (14/5) that they have acquired 1.5 terabytes of data from PT Bank Syariah Indonesia (BSI). This massive breach comprises of sensitive personal information belonging to a staggering 15 million customers and staff members of the bank.
PT Timah eyes Canadian company to develop rare earth minerals
PT Timah Tbk (TINS) is struggling to develop its rare earth mineral business due to various challenges, including a lack of partners, limited technology, and the need for significant funding.
Oil and gas businesses association explains reasons why foreign investors are leaving Indonesia's oil and gas industry
A number of problems have caused a number of foreign PMA to leave Indonesia, ranging from weak laws, lack of incentives and complicated bureaucracy such as the never-ending Oil and Gas Draft Bill revision, and lack of interesting incentives.
KAI Commuter to purchase 16 new trains from INKA in IDR4 trillion investment
PT Kereta Commuter Indonesia (KCI) or KAI Commuter has prepared an investment of IDR 4 trillion for the procurement of 16 new trains produced by PT Industri Kereta Api (Persero) or PT INKA. This procurement will be operational in 2025-2026, according to the KAI Commuter VP Corporate Secretary Erni Sylviane Purba on Wednesday, May 3, 2023.
Waskita Karya Director named as suspect in a corruption on fictitious projects
Destiawan Soewardjono, President Director of PT Waskita Karya, was named as a suspect in a corruption case related to the use of fictitious project funds, which resulted in state losses. The Attorney General's Office (Kejagung) has named Soewardjono as suspect a corruption case for misappropriation of funds in 2016-2020.
Bulog signs rice import contracts with 4 countries
President Director of Indonesian national logistics company Perum Bulog Budi Waseso, revealed that Bulog had entered into contracts with several countries to import 500,000 tons of rice.