Monday, June 5, 2023

Tag: Corporate

The USAID cooperates with the Indonesia government, Hersey’s, Olam Food Ingredients, and Rikolto to initiate program on sustainable cacao farming. […]
President Jokowi welcomed delegates from the United States – ASEAN Business Council (US-ABC) to the Presidential Palace to engage in discussions regarding the enhancement of trade and investment cooperation between Indonesia and the US. […]
Non-profit organizations suspect Sukanto Tanoto’s Royal Golden Eagle (RGE) Group is associated with deforestation in North Kalimantan. The company denied its allegation in any activities related to deforestation. […]
The China Committee of (KIKT) of the Indonesian Chamber of Commerce and Industry (Kadin) has held the Indonesia-China Smart City Technology & Investment Expo 2023, on May 24 to May 26, 2023. The event is expected to provide information about the progress of smart city development and the establishment of Nusantara Capital City (IKN) to attract investment. […]
Following the recent cyber attack launched against Bank Syariah Indonesia (BSI), safety of information technology has become one of the main concerns in the banking sector. Banks take various measures to improve cyber security starting from upgrading their IT and educating customers. […]
Exxonmobil settled human rights case filed by villagers in Aceh in relation to crime and violence committed by the Indonesian Army paid by Exxon 22 years ago. […]
The London-based Business & Human Rights Resource Centre (BHRRC) highlights human rights and environmental abuses in nickel supply chains in Indonesia and Philippines. The report mentioned that major companies have affected local communities adversely. […]
The government is pushing for real support from the International Partners Group (IPG) and the Glasgow Financial Alliance for Net Zero (GFANZ) for the energy transition in Indonesia. The IGP and GFANZ are two entities included in the JETP scheme in which each entity has promised to provide US$ 10 billion assistance fund totaling to US$ 20 billion […]
Salim Group is set to boost holdings in Amman Mineral ahead of planned IPO to fund major mine and smelter development. The IPO is expected to raise US$3 billion for the development of the Batu Hijau mine, with US$1 billion required for the smelter construction and a further US$1.6 billion for the processing plant. […]
The Ministry of Energy and Natural Resources (Kemen ESDM) lowered the amount of security deposit for geothermal work area auction to US$ 5,000. This move is hoped to increase investors interest in Indonesia’s geothermal sector. […]
Susi Pudjiastuti, ex-minister of Maritime Affairs and owner of Susi Air, was furious during a conversation with Pastor Karel Phil Erari and a man known as Bishop, discussing the kidnapping of Philip Mehrtens by Papua’s KKB. […]
Volkswagen plans to become part of Indonesia’s electric car battery supply chain. The company will be cooperating with PT Vale Indonesia to build a nickel smelter in Pomala Block. […]
Indonesian mining industry holding, MIND ID is ready to acquire more shares of PT Vale Indonesia Tbk (INCO). Doing so will allow the holding company to access Vale’s potential nickel reserve. […]
Illegal mines are said to flourish in Vale Indonesia’s concession area. The main cause is the inability of the company to supervise its extremely wide mining concession area. In addition, the company’s divestment plan is still filled with disagreement as it will not give control to the government. […]
The Omnibus Law has provided the way for 237,511 hectares illicit oil palm farms located on forest areas to become legal. […]
Italian energy company ENI will become the new operator of the Indonesia Deepwater Development (IDD) project replacing Chevron. The IDD project will produce 500 million cubic feet per day (MMSCFD) of gas from the Gendalo Field in the Rapak Block and 420 MMSCFD from the Gehem Field in the Ganal Block. […]
Indonesia has reduced tax incentives to restrict investment in lower-quality nickel products, including nickel pig iron (NPI) and second-class nickel ore processing products. The government has made the decision to make the most of its abundant nickel reserves and to encourage more high-value investments in the downstream. […]
U.S. Senator Marco Rubio asked the Biden administration to investigate Ford Motor Co’s plan to partner with PT Vale Indonesia, and China’s Zhejiang Huayou Cobalt in a $4.5 billion nickel processing facility in Indonesia for the production of EV batteries. […]
South Korean company POSCO will construct a nickel smelter in Halmahera. The smelter will be able to produce 52,000 tons of nickel intermediates per year. […]
Despite the fact that Indonesia have managed to secure 51 percent of Freeport Indonesia shares, the local government in Mimika is yet to receive the promised portion of the mining giant shares divestment. […]
Daihatsu admits faulty crash test results affecting more than 80,000 cars from various models. These defective products are sold in Indonesia, Malaysia, and Thailand, among other countries. The company claimed that it will launch an investigation to this incident, but not yet issued any recall policy. […]
Prices of the WTI and Brent crude drops following cancellation of production cuts by OPEC+, causing the Indonesian state-owned oil and gas company PT Pertamina to lower prices of its non-subsidized fuel. […]
Indonesian state-owned steel company PT Krakatau Steel successfully exported 30,000 tons of steel to Italy. The company also recorded the highest surplus in Indonesian history, valued at IDR 900 trillion.. […]
A Malaysian power company is acquiring a hydro-power plant in Sumatera. The acquisition is expected to generate a steady stream of income for the company based on a Power Purchase Agreementg with Indonesia’s state-owned electricity company PLN. […]
Malaysia and Taiwan withdrawn Indomie product from the market after finding carcinogenic substance. The Indonesian Food and Drug Agency is called on to conduct an audit against Indomie products to ensure consumer safety. […]
The Indonesian government will develop 47 twelve-story apartment towers for State Apparatus at the new Nusantara Capital. The construction of the towers will involve foreign investors. […]
Famous food container brand Tupperware may face bankruptcy in the near future. Experts claimed that the company has failed to adapt to changes in consumer behavior and failed to make innovation, making the brand too generic. […]
PLN and HDF will be cooperating to ensure the availability of clean and affordable energy. HDF is a France-based company pioneering in hydrogen to power solution. HDF develops and operates high capacity infrastructures to supply energy demand by utilizing renewable energy. […]
Indonesian e-commerce platform Bukalapak is sentence by the court to pay IDR 107 billion fine to its business partner for a failed property development project. The company plans to challenge the court decision by filing a cassation to the Supreme Court. […]
The IHRS Summit 2023 event will highlight the importance of sense of crises and provide solutions for professionals on how to develop a good sense of crisis. […]