Friday, June 14, 2024

Tag: Corporate

State electricity company PT PLN has secured a lending facility from a consortium of the World Bank, Canada Clean Energy & Forest Climate Facility and Clean Technology Fund amounting to US$581.5 million for increased access to electrification in the country, energy transition programs and the company’s digitization. […]
Dozens of activists of the Mining Advocacy Network (Jatam) and representatives of residents living in eastern Indonesia provinces held a sit-in as the Indonesian Nickel and Cobalt Conference was underway at the Mulia Hotel in Jakarta on Thursday, June 13, 2024. […]
William Tanuwijaya and Melissa Siska Juminto are the latest names to step down from PT GoTo Gojek Tokopedia (GOTO) following the Annual General Meeting of Shareholders (RUPST) on Tuesday, June 11, 2024, signaling a major shift in the company’s leadership. […]
Dozens of community members of Dairi regency in North Sumatra staged a protest in front of the Chinese Embassy and the Supreme Court in Jakarta on Tuesday, June 11, 2024, against the planned development of a zinc and lead mine project by Dairi Prima Mineral (DPM) in the regency despite overwhelming evidence that it poses extreme and deadly risk to surrounding villages. […]
JAKARTA − The Indonesian Mining Industry Holding Company (MIND ID) booked a net profit of Rp27.5 trillion US$1.68 billion) in 2023, an increase by 22.4 percent from 2022 and 36.3 percent higher than the 2023 target stipulated in the company’s Working Plan and Budget (RKAP). […]
PT Pertamina Patra Niaga, Pertamina’s Commercial & Trading Sub Holding has moved to safeguard residents of Tasikharjo Village, Tuban Regency, East Java, who took refuge at the local disaster mitigation agency (BPBD) post on Monday, June 10, 2024 following gas leak incident at the Tuban Fuel Terminal. […]
The government has planned to grant mining permits for six religious organizations in Indonesia, namely Nahdlatul Ulama (NU) and Muhammadiyah Muslim organizations, the Indonesian Catholic Bishop’s Conference (KWI), Protestant’s Indonesian Communion of Churches (PGI), Buddhism and Hinduism organizations. […]
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia has maintained that the Indonesian government does not seek control of PT Freeport Indonesia operation during the negotiation for extension of the company’s special mining business permit after 2041. […]
Jakarta − The Upstream Oil and Gas Regulatory Task Force (SKK Migas) and gas contractors (KKKS) have been actively enggaged in efforts to achieve zero routine flaring target and to increase the added-value of gas production by utilizing gas that has the potential to be used as derivative products into LNG and LPG. […]
Jakarta − PT Delta Dunia Makmur, through American Anthracite SPV I, LLC, a subsidiary of BUMA International, has signed a Stock Purchase Agreement (SPA) for acquisition of Atlantic Carbon Group, Inc (ACG), the second largest Ultra High Grade (UHG) anthracite producer in the United States. […]
Jakarta − State oil and gas company PT Pertamina and Bakrie Group are collaborating to build the Nusantara Sustainability Hub in the Nusantara Capital City (IKN) meant for the International Institute of Sustainability Indonesia (IISI) to develop a world-class sustainable energy research centre and education facility. […]
The Indonesia Stock Exchange (BEI) has revealed that 41 companies are at risk of being delisted due to prolonged trading suspensions. […]
Jakarta − State electricity company PT PLN has been engaged in effirts to accelerate energy transition in the country through the development of New Renewable Energy (EBT) with a positive trend record, says PLN President Director Darmawan Prasodjo. […]
Jakarta, June 4, 2024 − PT Pertamina Bina Medika Indonesia Healthcare Corporation (IHC), a state-owned hospital holding, signed a Memorandum of Understanding (MoU) with the National Cardiac Institute (IJN) of Malaysia. The collaboration is conducted to strengthen the field of health training and advance medical science in Indonesia. […]
JAKARTA − An expert has criticized the issuance of Government Regulation (PP) No. 25/2024, which is considered to be overlapping with the Law No. 3/2020 on Mineral and Coal Mining, while an energy watchdog has planned to challenge the regulation in court for contradicting the law which is higher in hierarchy. […]
The European Union’s Carbon Border Adjustment Mechanism (CBAM) has raised concerns among Indonesian cement industry stakeholders about its potential impact on national cement exports. […]
June 1, 2024 − The Ministry of Energy and Mineral Resources (ESDM), through the Directorate General of Oil and Gas, continues to encourage the Indonesian households to use natural gas through the natural gas network (Jargas) program. […]
Jakarta, June 1, 2024 − A new report by the Global Energy Monitor (GEM) reveals that the expansion of gas-fired power plants and liquefied natural gas (LNG) import-export facilities in Southeast Asia, including Indonesia, will keep the region dependent on volatile fossil fuels and simultaneously reduce renewable energy investment in the region. […]
Jakarta, June 1, 2024 − State electricity company PT PLN signed a memorandum of understanding (MoU) with PT GoTo Gojek Tokopedia to provide official transportation within the PLN Group. […]
PT Freeport Indonesia has responded to the issuance of the Special Mining Business License (IUPK) extension to the subsidiary of the US-based Freeport-McMoRan Inc. […]
Jakarta, June 1, 2024 − The Annual General Meeting of Shareholders (AGM) of PT Pertamina Bina Medika Indonesia Healthcare Corporation (IHC), a state-owned hospital holding, held in Jakarta on Wednesday, May 29, 2024. revealed that the company recorded positive performance achievement last year. […]
President Joko Widodo has signed a government regulation that will allow PT Freeport Indonesia to submit for an extension of their Special Mining Business Permit (IUPI) after 2041. […]
Cement company PT Semen Baturaja (SMBR), a subsidiary of state-owned cement holding company PT Semen Indonesia (SIG), held its annual shareholders’ meeting in Jakarta on Wednesday, May 29, 2024, announcing the company’s positive performance in the fiscal year of 2023. […]
State electricity company PT PLN has booked a net profit of Rp22.07 trillion or US$1.4 billion in 2023, the largest in the company’s history. The amount was one and a half times of its net profit in 2022. […]
PT Pertamina EP Cepu (PEPC), an upstream subholding of State energy company PT Pertamina which operates the Jambaran-Tiung Biru (JTB) Gas Field in Bojonegoro, East Java, has recorded a milestone with the JTB Field stably booking full capacity production of 192 million standard cubic feet per day (MMSCFD) for a long period of time. […]
State electricity company PT PLN, through its subholding PLN Nusantara Power (PLN NP), signed a Joint Development Study Agreement (JDSA) with the United Arab Emirates (UAE) energy company Masdar, to increase the capacity of the Cirata Floating Solar Power Plant (PLTS). […]
PT Barito Renewables Energy (BREN) has been included in the FTSE Global Equity Index, a large cap category, which will take effect on Monday, June 24, 2024 […]
Jakarta, May 27, 2024 − PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, has paid off the remaining bonds worth US$396,709,000 in accordance to the maturity date as part of the repayment of the overall bond value of US$1.35 billion issued in 2014 and listed on the Singapore Exchange. […]
JAKARTA – President Joko “Jokowi” Widodo launched Government Technology (GovTech) digital application called ‘INA Digital’ in Jakarta on Monday, May 27, 2024. […]
The Indonesia Stock Exchange (BEI) has announced that several companies are preparing to conduct initial public offerings (IPOs), including eight companies which are classified to have assets exceeding Rp250 billion (US$15.6 million), indicating strong confidence in the Indonesian capital market. […]