#BUMN
East Java prosecutor's office probes INKA graft case upon report by SOEs Minister
The East Java Provincial Prosecutors’ Office is investigating corruption allegations at State-owned railway manufacturer PT INKA following a report by Minister of State-owned Enterprises (SOEs) Erick Thohir.
Antam addresses new corruption allegations in gold management
State-owned mining company PT Aneka Tambang (Antam) says it respects the ongoing legal process against an alleged corruption case involving the illegal management of 109 tons of Antam gold between 2010 and 2022.
Antam - CATL develop midstream nickel industry
State-owned mining company PT Aneka Tambang (Antam) and China’s battery giant, Contemporary Emperex Technology Co. (CATL), are developing midstream nickel industry.
New CEO of Inalum named amid leadership shake-up
PT Indonesia Asahan Aluminium (Inalum), a subsidiary of the state-owned mining holding company MIND ID, has appointed Ilhamsyah Mahendra as the new CEO, replacing Danny Praditya, who is under investigation for alleged corruption in a gas trading case at PT PGN.
PLN to supply green electricity through GEAS Service
State-owned power utility PT PLN is ready to meet the needs of green electricity for the industrial sector in Indonesia, through its Green Energy as A Service (GEAS) program that will provide clean electricity from new renewable energy-based power plants.
Government praised for support on rooftop solar panel industry
Players praise the government for its support in domestic rooftop solar panel industry through suitable regulation.
Pertamina NRE to support Bangladesh's energy transition
A subsidiary of state owned energy company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE) and Coal Power Generation Company Bangladesh Limited (CPGCBL) have signed a Memorandum of Understanding (MoU) of 500 MW grid-connected solar PV project at Moheshkhali area of Cox’s Bazar, Bangladesh, and other parts of the country.
PLN operates new 150 kV transmission for Ceria Group Smelter in Kolaka
State electricity company PT PLN energizes the first transmission line connecting its 150 kiloVolt (kV) Kolaka Substation in Kolaka regency, Southeast Sulawesi, with the substation of PT nickel mining company PT Ceria Nugraha Indotama (CNI), part of the Ceria Group.
SOEs to focus on six key sectors to drive national economy
The Ministry of State-Owned Enterprises (SOEs) is pushing for state-owned companies to focus on six key sectors − basic infrastructure development, mineral industry downstreaming, energy security and defense system modernization, tourism development, SME initiatives, and agricultural development − to boost domestic economy.
SOEs boost contributions to national economy, surpassing pre-pandemic levels
The Ministry of State-Owned Enterprises (SOEs) reports a steady increase in contributions from state-owned companies to the nation over the past five years, generating income of Rp2,516 trillion (US$155.5 billion) for the state through taxes, non-tax state revenues (PNBP), and dividends or profit shares.
PLN secures US$185 million in 2025 for electricity generation in remote areas
The House of Representatives (DPR) on Wednesday, July 10, 2024, approved a proposal for State Capital Injection in 2025 for State utility company PT PLN amounting to Rp3 trillion (US$185 million) to support the company’s 100 percent Electrification Ratio and Village Electricity Ratio (RDB) as part of its commitment on energy justice, particularly in Disadvantaged, Frontier, and Outermost (3T) regions.
House factions support the 2025 US$2.73 billion state capital injection for SOEs
All nine factions in Commission VI of the House of Representatives (DPR) have expressed their support for the proposed US$2.73 billion State Capital Injection for State-owned Enterprises for the 2025 fiscal year.