Tag: Corporate

A lawyer for PT Agung Sedayu Group, a parent company of PT Pantai Indah Kapuk Dua (PIK 2), has defended the legality of the national strategic project (PSN) PIK 2 and clarified its involvement in the erection of the 30-kilometer sea fence off Tangerang waters, Banten province. […]

PT Pupuk Kaltim, a subsidiary of State-owned fertilizer holding company PT Pupuk Indonesia, has begun the construction of the first soda ash factory in Indonesia aimed at reducing the country’s dependence on imports. […]

The Indonesia Stock Exchange (IDX) has announced that it removed shares of PT Aspirasi Hidup Indonesia (ACES) and PT Pertamina Geothermal Energy (PGEO) from the IDX30 index and brought shares of PT XL Axiata (EXCL) and PT Indosat (ISAT) into the index as  replacement. […]

Audax Financial Technology (“audax”), a digital banking technology solutions provider backed by Standard Chartered, has been appointed by Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, as partner to spearhead the digital transformation of its banking services. […]

Mining Advoicacy Network (Jatam) has strongly condemned the draft revision of the 2009 Mining Law and demanded the government and House of Representatives (DPR) to stop the entire deliberation of law draft revision. […]

The Indonesian Coordinating Ministry for the Economy and ExxonMobil signed a Memorandum of Understanding (MoU) on Wednesday, January 22, 2025 to explore investment potential for the development of an advanced petrochemical complex in Indonesia. […]

State power utility PT PLN is studying the implementation of carbon capture and storage (CCS) technology for steam-fired power plants (PLTU) to maintain the reliability of the national electricity system although the cost of its implementation is relatively high at US$40 per ton. […]

A number of Indonesian startups again stole international attention by achieving great success − bringing home nine awards − at the ASEAN Digital Awards 2025, held in Bangkok, Thailand. […]

The government continues to strengthen its commitment to reducing carbon emissions through the implementation of Carbon Capture and Storage (CCS) and Carbon Capture, Utilization, and Storage (CCUS) technologies in the upstream oil and gas sector. […]

The National Conference (Munas) of the Indonesian Chamber of Commerce and Industry (Kadin) held at the Ritz-Carlton Hotel in Jakarta on Thursday, January 16, 2025 formally appointed Anindya Novian Bakrie as chairman for the 2024-2029 period, marking the unification of two opposing camps within the businesspeople organization. […]

DBS Bank Indonesia provides a Sustainability-Linked Trade Facility (SLTF) worth US$20 million (Rp326 billion) to spun-yarn and polyester manufacturing company PT Indorama Synthetics. […]

Masdar, a United Arab Emirates (UAE)-based clean energy company, has the ambition to make PT Geothermal Energy (PGE), a geothermal energy subsidiary of State energy company PT Pertamina, an international market player for energy utilization. […]

Executive Director of the Center of Energy and Resources Indonesia (CERI), Yusri Usman, mulls over suing oil and gas stakeholders for alleged violation of regulations regarding the Local Contents (TKDN) obligations. […]

The Ministry of Maritime Affairs and Fisheries (KKP) has sealed a 30.16-kilometer sea fence located in the waters off Tangerang Regency, Banten that had been erected without securing the permit, known as the Suitability of Marine Space Utilization Activities (KKPRL). […]

Special Advisor to the President for Economic Affairs, Bambang Brodjonegoro, admitted that Indonesia is still lagging behind in the competition to attract investment compared to other Southeast Asian countries. […]

Minister of Industry Agus Gumiwang has revealed that Apple Inc. is still reluctant to invest in building a Mobile Phone, Handheld Computer, and Tablet (HKT) factory in Indonesia. […]

PC North Madura II Ltd., a subsidiary of Malaysian oil company Petronas, has secured the Final Investment Decision for the development of the Hidayah Oil Field in the North Madura II work area, East Java. […]

The Indonesian Food and Beverage Entrepreneurs Association (GAPMMI) reveals that locally produced salt cannot yet be used in the food and beverage industry, with product damage reaching 60 percent in the production process. […]

The government and Apple Inc. on Tuesday, January 7, 2025 held the first negotiations on its investment plan in Indonesia as part of the mechanism to pass the sale of its latest iPhone 16 smartphones, emphasizing on two additional points and four main objectives. […]

The Financial Services Authority (OJK) revealed that Indonesian Paylater debts jumped by 48 percent from the same period of the previous year to Rp20.5 trillion (US$1.3 billion), while the Buy Now Pay Later (BNPL) receivables in financing companies and banks were recorded at Rp30.36 trillion. […]

The Ministry of Finance has confirmed that it will not relax the policy that bans exports of copper concentrate this year. This decision is in line with the policies of the Ministry of Energy and Mineral Resources (ESDM) and the Ministry of Trade, which have banned the export of copper concentrate as of January 1, 2025. […]

Apple Inc. begins negotiations regarding the company’s investment plan in Indonesia as Apple’s Head of Global Affairs, Nick Amma, met with a Senior Ministry of Industry official in Jakarta on Tuesday, January 7, 2025. […]

East Ventures, an Indonesian venture capital firm, has announced climate technology, health, consumer, and AI as its priority investment sectors this year. It strives to continue to improve in 2025, and is committed to implementing strategies to enable Southeast Asia to fulfill its potential. […]

Minister of Energy and Mineral Resources, Bahlil Lahadalia, says the decision on PT Freeport Indonesia’s (PTFI) copper concentrate export permit extension will be discussed in a meeting with Coordinating Ministry for the Economy, Ministry of Finance and Ministry of Industry along with President Prabowo Subianto by mid of this year. […]

Minister of Finance, Sri Mulyani Indrawati, reveals that the 2024 State Budget (APBN) recorded a deficit of Rp507.8 trillion (US$31.3 billion), equivalent to 2.29 percent of Gross Domestic Product (GDP), but still better than the projected deficit for the first semester of 2024 at 2.7 percent of GDP. […]

The government has issued a new policy regarding the implementation of a Value Added Tax (VAT) rate of 12 percent which will take effect in early 2025. President Prabowo Subianto emphasized that this new rate will only apply to luxury goods and services, without affecting transactions in the capital market. […]

Pertamina EP Zone 7, an Upstream subholding of State energy company PT Pertamina, strives to increase oil and gas production through the Akasia Bagus-Gantar Field Development Optimization Project (OPLL), Indramayu Working Area, West Java by means of Acid Gas Removal Unit (AGRU) system based on the amine system (MDEA) and Carbon Capture, Utilization & Storage (CCUS). […]

The government should impose moratorium on nickle industry and evaluate all mining activities in Morowali mountains following flash floods that hit Labota village in Bahodopi sub-district , Morowali regency, Central Sulawesi, which is located next to nickel industrial estate, the Indonesia Morowali Industrial Park (IMIP) on December 29, 2024, an environmental NGO says. […]

Large European energy companies are doubling their investments on gas and oil focusing on short term benefits throughout 2024, consequently slowing down and reversing their own climate commitment. These energy companies are also present in Indonesia through various projects. […]

PT TBS Energi Utama (TOBA), an energy company owned by businessman Pandu Sjahrir, has announced plans to acquire 100 percent of the shares of Sembcorp Environment Pte. Ltd. (SembEnviro), a leading waste management company in Singapore. […]