#BUMN
Nicke Widyawati
Nicke Widyawati was born in Tasikmalaya in 1967. Widyawati was appointed as the President Director of Pertamina. Widyawati studied in SMAN 1 Tasikmalaya and then she took her bachelor degree (S1) in 1991, she then took her graduate of Business Law – Padjadjaran University (S2) in 2009 and Industrial Engineering – ITB. She took various executive positions since 2009, before serving as President Director of PT Pertamina (Persero), Nicke Widyawati was trusted as HR Director Pertamina and has served as Director of Strategic Procurement 1 PT PLN (Persero). She became one of a handful women leaders on the top echelons of Indonesia's state-owned companies (BUMN).
Pertamina: Share transfer to Danantara will boost govt dividends and investment
State energy company PT Pertamina believes that the shares transfer to PT Daya Anagata Nusantara (Danantara) will increase dividends paid to the government and consequently all Pertamina investment costs will be the responsibility of Danantara.
Top officials, business partners named suspects in Pertamina graft scandal
The Attorney General's Office (AGO) has named seven individuals − four are top officials within PT Pertamina Group and the other three are business partners − as suspects in a corruption case related to mismanagement of crude oil and refinery products at the State energy company, its subholdings and contractors during the 2018-2023 period.
Erick Thohir builds long career with media business
Erick Thohir is a very well known figure in Indonesian business and politics. He is one of many members of the famous Thohir family who has various businesses in Indonesia. The Thohir family has many businesses, such as Mahaka Group owned by Erick and Adaro Energy by Garibaldi Thohir. Thohir now is the Minister of State-Owned Enterprises.
Pertamina converts flare gas into electricity to promote clean energy
Two subsidiaries of State energy company PT Pertamina − Pertamina New & Renewable Energy (Pertamina NRE) and PT Kilang Pertamina Internasional (KPI) − have signed a Head of Agreement (HOA) to develop the Flare Gas into electricity.
Indofarma Global Medika declared bankrupt amid ongoing graft investigation
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025.
Director General of Oil and Gas suspended amid corruption investigation
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has suspended Director General of Oil and Gas, Achmad Muchtasyar, as of today, February 11, 2025, following a raid by investigators of the Attorney General's Office at the Oil&Gas Directorate General over alleged corruption in the management of crude oil and refinery products.
Pertamina unveils dual growth strategy for energy independence, low-carbon future
State energy company PT Pertamina, through its Long-Term Company Plan until 2029, will develop its business with a dual growth strategy to maximize its oil&gas output and develop renewable energy.
PLN unveils US$4.4 B project to support 8-percent economic growth target
State power utility PT PLN has confirmed its commitment to supporting the 8-percent economic growth target through the development of electricity infrastructure that will cater the needs of industry, new areas development, and remote regions.
Erick Thohir targets merger of three state-owned airlines by Q1 2025
Minister of State-Owned Enterprises (BUMN), Erick Thohir, has targeted the merger of three state-owned airlines − PT Garuda Indonesia, PT Pelita Air Service and PT Citilink Indonesia − in the first quarter of this year.
PT Supreme Energy Muara Laboh - PLN to develop Muara Laboh geothermal units
PT Supreme Energy Muara Laboh (SEML), a joint company between PT Supreme Energy Sumatera, Sumitomo Corporation and Inpex Geothermal Ltd, signed an amandement of power purchase agreement (PPA) with State power utility PT PLN on December 23, 2024 to develop units 2 and 3 (140 MW) of Muara Laboh geothermal located in South Solok regency, West Sumatra province.
Half a Century of SMBR: Looks to the future amidst pressured national cement industry
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia Group (SIG), is determined to focus on strategic measures to keep up its competitiveness and operational sustainability as well as manage excess production capacity, tight competition and the need for efficiency.