Tag: Corporate

Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia and Investment Minister Rosan Roeslani, accompanied by a group of prominent business leaders, met with President Joko “Jokowi” Widodo at the Presidential Palace in Jakarta on Wednesday, October 9, 2024 discussing investments in the new capital, Nusantara, in East Kalimantan. […]

Government’s plan to apply power wheeling or joint use of power network in the new and renewable energy bill has the potential to attract investors to invest in Indonesia as can be seen in the increased number of global companies committed to use 100 percent of renewable energy, an analyst says. […]

Indonesia is having a surplus in copper production with the existing copper smelters capable of producing 1.3 million tons of copper cathode a year, far above the local market need of 250,000 tons that Indonesia needs to take advantage of global copper commodity deficit in the next couple of years at the time when the need for green technology of […]

PT Master Print (PTMR), a subsidiary of food packaging producer PT Mitra Pack (PTMP), officially went public on the Indonesia Stock Exchange (IDX) on Tuesday, October 8, 2024, becoming the 35th company listed this year. […]

State-owned diversified miner PT Aneka Tambang (Antam), through its subsidiary PT Gag Nikel (PTGN), has finalized the acquisition of a 30 percent stake in PT Jiu Long Metal Industry (JLMI), a nickel smelting company focused on refining nickel. […]

PT United Tractors Tbk (UNTR) is ramping up its focus on renewable energy, branching out from its core heavy equipment business and exploring opportunities in solar energy development. […]

The Indonesia-Europe Business Forum (IEBF) 2024, held on Monday, October 7, 2024, produced seven memorandums of understanding (MoUs)/Letter of Intent (LoIs) on cooperation between Indonesian and European companies with a total transaction value of US$11.07 billion (Rp174 billion). […]

The Indonesia South and Central Asia (Inasca) 2024 Business Forum, held in Jakarta on Monday, October 7, 2024, produced a number of trade and investment deals worth US$ 8.3 billion. […]

Rusdi Kirana, co-founder of Lion Air Group, has been appointed as Deputy Speaker of the People’s Consultative Assembly (MPR) representing the National Awakening Party (PKB). Following his inauguration, Rusdi announced that he would focus on his new role in the MPR and take a step back from managing Lion Air Group. […]

The Financial Services Authority (OJK) is currently reviewing the plan by PT Adaro Energy Indonesia (ADRO) to divest its entire stake in PT Adaro Andalan Indonesia (AAI). Currently, the divestment plan, along with the potential initial public offering (IPO) of AAI, is under examination. […]

The transportation sector is one of the largest contributors to greenhouse gas emissions in Indonesia that the use of environmentally friendly fuel oil, including those mixed with bioethanol, is one of the best solutions to reduce the emissions. […]

Minister of Transportation Budi Karya Sumadi asks domestic airlines to collaborate with foreign investors to expand their fleets and reduce the current monopoly in Indonesia’s aviation industry, particularly by the Lion Air Group. […]

Energy company SEG Solar Inc. becomes the first company from the United States investing in Batang Integrated Industrial Estate in downstream industry of silica sands. […]

Broom, an automotive startup that provides services for buying and selling used cars in Indonesia, has secured Series A+ funding of US$25 million to expedite digitization of traditional automotive sector. […]

PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of PT Delta Dunia Makmur, has secured the issuance of the BUMA II 2024 Rupiah Bonds (BUMA II 2024 Bonds) with a total value of Rp1 trillion (US$65.4 million). […]

Minister of Energy and Minieral Resources (ESDM), Bahlil Lahadalia has asked ExxonMobil Cepu Ltd to increase its production capacity to 150,000 barrels of oil per day (bpd) in 2026 in an attempt to maintain Indonesia’s oil production which is currently experiencing a downward trend. […]

PT PLN Energi Primer Indonesia (PLN EPI) has confirmed its capacity to meet the biomass demand for co-firing in coal-fired power plants (PLTU) throughout 2024, targeting supply of 6.6 million tons of biomass. […]

Energy Shift Institute, an independent think tank on energy transition in Asia, has questioned the urgency of a plan by PT Adaro Energy Indonesia to sell its thermal coal mining unit for US$2.5 billion, whether it is a big leap towards a greener business model or just a strategic play to improve the company’s image. […]

The lack of reasearch and development of new and renewable energy technology has made Indonesia a mere market for advanced countries’ technology and led to Indonesia’s dependence on technology of the advanced nations, experts have warned. […]

The organization of the Indonesia-Latin America and the Caribbean (INALAC) Business Forum in Lima, Peru on 11-13 September 2024, has won praise for opening up opportunity for market development and exploration in Latin America and Caribbean region. […]

State-owned energy company PT Pertamina is exploring cooperation opportunity on upstream oil and gas development in Latin America and Carribean region. […]

Civil society orgfanizations offer a bunch of policy recommendations in the energy sector for the first 100 days of the Prabowo Subianto-Gibran Rakabuming Raka administration, suggesting measures for the acceleration of energy transition to realize the globally-campaigned green economy and improve people’s welfare […]

Food seasonings producer PT Ajinomoto Indonesia is set to use the services of State electricity company PT PLN’s Renewable Energy Certificate (REC) of 219,000 units per year or equivalent to 219 giga watt hours (GWh) in an attempt to reduce carbon emissions and meet green energy needs for its two factories located in East and West Java. […]

Minister of Investment/ Head of Investment Coordinating Board (BKPM) Rosan P. Roeslani appreciates the commitment of PT Nippon Shokubai Indonesia to develop petrochemical industry in Indonesia, starting the fourth phase construction of its plant in Cilegon, Banten, next year. […]

A subsidiary of Indonesia state owned energy company Pertamina, Pertamina Patra Niaga, and PT Sojitz Indonesia established a strategic partnership to support energy transition and carbon emission reduction through the use of Hydrotreated Vegetable Oil (HVO) product. […]

A subsidiary of State-owned energy company PERTAMINA, PT Pertamina Patra Niaga, has set up strategic partnership with PT Vale Indonesia for the provision of environmentally friendly fuel as part of their strategic steps in supporting decarbonization efforts of the government to achieve net zero emissions by 2060. […]

As the government has approved the merger of State airport operators PT Angkasa Pura I and II, Minister of State-Owned Enterprises (SOEs) Erick Thohir ensures that this corporate action will not result in any employee layoffs. […]

The Financial Services Authority (OJK) may impose a forced merger between PT Bank MNC Internasional (BABP) and PT Bank Nationalnobu (NOBU) if the two banks fail to execute their planned merger. […]

State gas distributor PT Perusahaan Gas Negara (PGN) is seizing the opportunity to optimize the gas supply potential from the Andaman Block through the construction of the Dumai-Sei Mangkei gas pipeline, funded by the state budget (APBN). […]

Vanda RE Pte Ltd, a joint venture company majority-owned by Singapore company Gurīn Energy, announced on Tuesday, September 10, 2024, today that it has been awarded a Conditional License by Singapore’s Energy Market Authority (EMA) to provide electricity to the island state. […]