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Government launches major overhaul to streamline state-owned enterprises
The government has announced a comprehensive plan to restructure and consolidate State-Owned Enterprises (SOEs) and their subsidiaries from the current total of 888 companies to be reduced to just 200 over the next few years, aimed at boosting efficiency and global competitiveness.
Dendy Kurniawan reappointed as President Director of Pelita Air for second term
State energy company PT Pertamina and PT Pertamina Pedeve Indonesia as shareholders of PT Pelita Air Service have decided to confirm Dendy Kurniawan as President Director of Pelita Air for the second term.
PLN to conduct joint study on hydrogen development for maritime transportation
State power utility PT PLN has signed a collaboration agreement with the Ministry of Transportation, PT HDF Energy Indonesia, and PT ASDP Indonesia Ferry to conduct a joint study on the use of green hydrogen for the maritime transportation sector.
Pertamina may enter U.S. upstream market as Indonesia seeks to ease tariff pressures
The Ministry of Energy and Mineral Resources (ESDM) has opened up opportunities for State energy company PT Pertamina to open investment in the U.S. upstream oil and gas sector, an initiative meant as one way to negotiate import tariffs imposed by President Donald Trump.
President Prabowo orders leaner, more professional leadership in State banks
President Prabowo Subianto has instructed State banks to streamline their board of commissioners, making them more concise and filled by professionals.
KSPI accuses PT Pos Indonesia of modern slavery over partner work conditions
The Confederation of Indonesian Trade Unions (KSPI) has accused PT Pos Indonesia of implementing modern era slavery, suspecting the State-owned postal company is exploiting 15 thousand people who work as partners.
President and ministers strategize Agrinas expansion to boost food security
President Prabowo Subianto summoned a number of Red-and-White Cabinet ministers to the Merdeka Palace on Monday, March 24, 2025 to discuss the performance prospects of Agrinas.
Major mining companies book strong performance, growth in the past four years
*This article is the collaboration between Indonesia Business Post and MIND ID
BRI named best SME bank in Indonesia at Global Excellence awards 2025
State-owned bank PT Bank Rakyat Indonesia, commonly referred to as BRI, has reaffirmed its position as a leader in banking services for micro, small and medium enterprises (MSMEs) in Indonesia, winning the Best SME Bank in Indonesia Award at The Asian Banker (TAB) Global Excellence in Retail Finance Awards 2025 held in Tokyo, Japan, on Sunday, March 23, 2025.
PGN prepares natural gas supply for Jatengland Industrial Area
PT Perusahaan Gas Negara (PGN) is exploring the provision of natural gas supply and infrastructure for the Jatengland Industrial Area in Central Java as part of its commitment to expanding the utilization of natural gas to support national industrial growth.
Government injects Rp8 trillion to transform three SOEs into agribusiness giants
The government has converted three State-Owned Enterprises (SOEs) in work consultancy respectively into PT Agrinas Jaladri Nusantara, PT Agrinas Pangan Nusantara and PT Agrinas Palma Nusantara along with capital injection of Rp8 trillion (US$485.5 million) prepared by the Ministry of Finance.
Company executive named president director of ID FOOD
The Ministry of State-Owned Enterprises has appointed Ghimoyo, a private company executive, as President Director of State-owned food holding company PT Rajawali Nusantara Indonesia (ID FOOD), replacing Sis Apik Wijayanto.