Friday, February 23, 2024

Tag: Corporate

PT Gudang Garam (GGRM) has established a Toll Road Business Entity (BUJT) named PT Surya Sapta Agung Tol (SSAT) to undertake the Kediri – Tulungagung Toll Road project. […]
The government has provided several mineral mining companies with export relaxation until May 2024, following the ban on export of raw minerals that has been in effect since June 10, 2023. This relaxation is granted including progress in building smelters. […]
With a steadfast commitment to innovation and expansion, PT Indonesia Plafon Semesta, a leading PVC Ceiling manufacturer, continues to chart new territories in its entrepreneurial journey. […]
Minister Bahlil Lahadalia has raised concerns about the potential negative impact of increased taxes on entertainment businesses on foreign investment in Indonesia. He urged local governments to provide fiscal incentives of 75% tax reduction. Thus, they only need to pay 10% if the tax at 40%. […]
President Director of Adaro Energy Indonesia Garibaldi Thohir said Djarum Group, Sampoerna Strategic Group, and Adaro Group are ready to help Prabowo Subianto-Gibran Rakabuming Raka to win the 2024 presidential election. […]
German pharmaceutical manufacturer B.Braun Indonesia has launched a 1.2 MWp solar power plant (PLTS) at its pharmaceutical factory in Karawang, West Java. […]
Acting chairman of the Corruption Eradication Commission (KPK), Nawawi Pomolango, has instructed the anti-corruption body to gather information regarding allegations that the German software company SAP bribed several Indonesian officials. […]
François de Maricourt, a key-man in HSBC Indonesia, as a President Director. He is a French national with over two decades of experience in international banking. Through this interview, Maricourt has opened up to Indonesia Business Post on his hopes, ambitions and challenges in life and his perspective in the banking sector giving opportunities within the Indonesian market. […]
The Ministry of Manpower is ready to take firm measures, including sanctions and law enforcement, if PT Indonesia Tsingshan Stainless Steel (ITSS) is proven guilty in the Dec. 24, 2023 Morowali nickel smelter explosion case. Minister of Manpower Ida Fauziyah said that they are currently in the second phase of on-site inspections held from January 8-11, 2024, following previous examination. […]
Gold and copper miner PT Freeport Indonesia hopes to get an extension of its copper concentrate export relaxation licence from the Indonesian government until the end of 2024 over operational technicalities. […]
The mineral water factory belonging to the mineral water emitter affiliated with conglomerate Hermanto Tanoko, namely PT Sariguna Primatirta (CLEO) of Tanobel Group, is officially operational in the New Capital City (IKN) of Nusantara. […]
Robust sales of electric vehicle (EV) and its key component − battery − have led to increase demand of solid nickel, which subsequently lure mining business players to increase their production capacity and profiles, including two nickel mining companies − PT Sumber Mineral Global Abadi and PT Adhi Kartiko Pratama − which have decided to go public in early 2024. […]
Two Indonesian conglomerates, Djarum Group and Wings Group, have declared their decision to refrain from participating in the commercial projects of the Nusantara Capital City (IKN). Instead, both conglomerates have opted to engage in the development of a Botanical Garden, a non-commercial project within the IKN. […]
The Ministry of Energy and Mineral Resources (ESDM) is still evaluating the Work Plan and Budget (RKAB) of Copper and Gold mining company PT Freeport Indonesia (PTFI). […]
Minister of Industry Agus Gumiwang Kartasasmita says he has urged the Chinese government to assess and enhance the governance of Chinese smelter industries in Indonesia. […]
The Ministry of Energy and Mineral Resources (ESDM) is still waiting for several mining companies that have not deposited their obligations to the state. These obligations include deposits of non-tax state revenue (PNBP). […]
Nestlé Indonesia has signed a collaboration agreement with Foodbank of Indonesia (FOI) at its headquarters, reinforcing its commitment to actively contribute to consumer health. […]
PT Citra Marga Nusaphala Persada Tbk. (CMNP), a toll road company owned by Jusuf Hamka, has recently reported receiving a credit injection of IDR 600 billion from PT Bank Capital Indonesia Tbk. (BACA). In its report, the loan is intended to support the construction of the 9.6-kilometer-long Harbour Road II Toll Road. “To finance the construction of the Ir. Wiyoto […]
The nickel workers’s union staged a protest on Wednesday, demanding companies to adhere to occupational health and safety laws. This ultimatum follows the recent explosion at the smelter furnace owned by PT Indonesia Tsingshan Stainless Steel (ITSS) in Morowali, Central Sulawesi. […]
State Owned Enterprise Minister Erick Thohir reminded PT Vale Indonesia Tbk (INCO) that the valuation of divestment price that will be offered by Vale should be fair, despite the fact that MIND ID will only have 34% of Vale Indonesia shares and not 51% as expected. […]
President Joko ‘Jokowi’ Widodo officially inaugurated the operational expansion project of the copper smelter owned by PT Smelting in Gresik, East Java.  […]
Indonesia’s Financial Services Authority (OJK) intends to engage Google and Meta, Instagram’s parent company, in discussions to combat illegal online lending activities. […]
PT Perusahaan Gas Negara Tbk. (PGN), in collaboration with PT Pertagas Niaga (PTGN) and PT Pema Global Energi (PGE), recently inked a pivotal Gas Sales and Purchase Agreement (GSPA) with PT Pupuk Iskandar Muda […]
TikTok Shop resume its operation in Indonesia on December 12 ,2023 after Indonesian government closed it on October 2023 in cooperation with Tokopedia. […]
The Roundtable on Sustainable Palm Oil (RSPO) certification process, which is intended to improve governance of palm oil plantations, was criticized by the Indonesian non-profit organization Transformation for Justice (TuK), which considered it to have the potential to be a form of greenwashing. […]
Presidents Joko Widodo and Joe Biden elevate Indonesia-U.S. relations to a comprehensive strategic partnership alongside collaboration between Pertamina with ExxonMobil and Chevron in Washington DC on November 13, 2023. […]
According to data from the Ministry of Investment/Investment Coordinating Board (BKPM) of Indonesia, Batam accounted for 83.6 percent of foreign investment in the Riau Islands during the first semester of 2023 (January-June). […]
Australia is grappling with a housing backlog as a million immigrants arrive. Iwan Sunito, CEO of One Global Capital, shares insights into the situation. […]
The Task Force for Improving the Governance of the Palm Oil Industry and Maximizing State Revenues (Palm Oil Task Force) identified 1,027 plantation companies with land within forest areas. […]
A collaboration between the Japanese and Indonesian governments, funded under the Joint Crediting Mechanism (JCM) Model Project scheme, provides green energy ventures giving companies that participate do not need to bear investment cost. […]