#BUMN
House supports Inalum’s strategic initiatives as profit soars 99 percent
The House of Representatives Commission VI has lent its support for PT Indonesia Asahan Aluminium (Inalum), a member of the State-owned mining holding company MIND ID, to enhance its impact and contribution to the country.
Danantara's fossil energy project funding poses economic risks: CERAH
The government's decision to fund multiple downstream and energy security projects − predominantly fossil-based − through the state-managed Daya Anagata Nusantara Investment Agency (BPI Danantara), could cause significant economic risks for the country, says the Center for Education and Research in Humanitarian Action (CERAH).
A meaningful Ramadan for children battling cancer
Laughter echoed in the corner of the room, despite some pale faces showing signs of exhaustion from ongoing treatments.
House Commission VI supports Maroef Sjamsoeddin's leadership at MIND ID
The House of Representatives’ (DPR) Trade and State-owned Enterprises Commission VI has welcomed the appointment of Maroef Sjamsoeddin as President Director of MIND ID, citing his capacity to address governance challenges within the MIND ID Group.
MIND ID wins Best Syndicated Loan Deal Southeast Asia Award
Indonesian state-owned mining holding company MIND ID has been awarded the prestigious Best Syndicated Loan Deal Southeast Asia/APAC/Indonesia by FinanceAsia at the FinanceAsia Achievement Awards 2024 in Hong Kong.
MIND ID says downstreaming a solution to reduce raw material imports
Indonesia’s state-owned mining holding company, MIND ID, is confient that downstreaming is an answer to the country’s reliance on imported industrial raw materials.
Danantara to manage up to US$35.2 B annually from extractive, alm oil levies
The Investment Management Agency Daya Anagata Nusantara (Danantara) is poised to become administrator of levies taken from extractive industries, particularly coal, nickel and palm oil, which are expected to generate funds for Indonesia’s transition from fossil fuels to clean and renewable energy.
Who is the New CEO of MIND ID? His Career in Freeport, brother of Indonesia's Minister of Defense
The Indonesian government has appointed Maroef Syamsudin as the new CEO of state-owned mining holding company MIND ID, replacing Hendi Prio Santoso. Lawmakers and industry experts have emphasized that the decision falls entirely under the Ministry of State-Owned Enterprises (BUMN)'s authority.
CEO: Pertamina ready for fuel quality testing, domestic oil processing
CEO of PT Pertamina has reaffirmed the State energy company’s commitment to ensuring fuel quality and transparency in testing processes, signalling readiness for third-party investigation to regain public trust after a recent finding by the Attorney General’s Office (AGO) of a corruption scandal involving top management within the Pertamina Group.
Erick Thohir to review Pertamina structure, eyes SOEs reforms
Minister of State-Owned Enterprises (SOEs) Erick Thohir has emphasized to review the structure within State energy company PT Pertamina following the revelation of the Rp193.7 trillion (US$11.7 billion) corruption case related to mismanagement of crude oil and refinery products, which befalls top management in its subsidiaries.
MIND ID sets example on combined CSR-CER programs
State-owned mining holding company MIND ID combines Corporate Social Responsibility (CSR) and Corporate Environmental Responsibility (CER) programs as example of mining industry’s contribution to regional economic growth and social welfare.
Palace backs AGO's efforts to tackle corruption at Pertamina
The Presidential Palace supports the measures taken by the Attorney General's Office (AGO) to clean up corrupt practices in the state-owned energy company PT Pertamina, in regards with the current investigation into alleged mismanagement of crude oil and refinery products within the Pertamina Group.