Tag: Corporate

Global civil society organizations have suggested that despite increase in funding, the effectiveness of the climate financing should be more important than mere quantity, citing that the Multilateral Development Banks (MDBs) funding has so far not gone to the right projects. […]

The government’s move to consider revising the price ceiling for flight tickets (TBA) and the price floor for flight tickets (TBB) is against the economic principles and the needs of the aviation industry, an aviation observer says. […]

State energy company PT Pertamina is set to introduce SAF derived from used cooking oil (UCO), marking a milestone in renewable energy and aviation sustainability. The SAF will be produced using Hydroprocessed Esters and Fatty Acids (HEFA), a method that converts UCO into aviation fuel compatible with existing infrastructure. […]

PT PLN (Persero) has solidified five strategic partnerships to advance Indonesia’s energy transition during the 29th Conference of the Parties (COP29) held in Baku, Azerbaijan. These collaborations focus on funding, technology, and human resource development to accelerate the development of clean energy infrastructure in Indonesia, paving the way for sustainable energy self-sufficiency. […]

Business competition in the downstream oil and gas sector, particularly in the distribution of fuel oil, is increasingly difficult for foreign players, an industry player has said. […]

PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ), an upstream subholding of State energy company PT Pertamina, has begun the construction of the OOA Platform, part of the OO-OX Field development project off the Java Sea, marked by the cutting of the offshore platform plate in Bintan, Riau Islands, on Wednesday, November 6, 2024. […]

Deputy President Director of PT Bank Central Asia (BCA), Armand Hartono, emphasizes the importance of investment and business diversification as the main strategy to maintain business continuity, a principle he inherited from his father Robert Budi Hartono, who is also known as the boss of the Djarum Group. […]

Danish pump and water technology manufacturer, Grundfos, inaugurated on Thursday, November 14, 2024 its US$2 million submersible pump factory in Jakarta, equipped with large-scale assembly and testing line, allowing for increased local content, accelerated production, and distribution. […]

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) and the Indonesian Central Bank (BI) signed a Cooperation Agreement (PKS) on financial sector licensing in Jakarta on Wednesday, November 13,2024. […]

President Prabowo Subianto welcomes American software and fabless company NVIDIA to get involved in the development of Indonesia’s computer-generated technology and application system for the sake of the nation’s future best. […]

President Prabowo Subianto, who is on an international roadshow to the United States, invites the business community in the world’s largest economy, to support Indonesia’s development programs. […]

Oil exploration and production company, Prima Energy Northwest Natuna Pte. Ltd. (PENN) is developing the Ande-Ande Lumut (AAL) oil field in the Northwest Natuna working area, which is estimated to produce 20,000 barrels oil per day (BOPD) from the current 2,020 BOPD. […]

Garment company PT Golden Flower (POLU) is now expanding its business to the health sector, manufacturing aesthetic and slimming products as well as operating wellness clinics, aimed at strengthening health services in Indonesia and encouraging domestic medical tourism. […]

PT Adaro Andalan Indonesia (AADI), a subsidiary of mining company PT Adaro Energy Indonesia (ADRO), is set to launch an initial public offering (IPO), offering up to 778.68 million shares, equivalent to 10 percent of its post-IPO issued and paid-up capital. […]

Washington, D.C. — On November 11, 2024, Indonesian President Prabowo Subianto engaged in a pivotal dialogue with members of The United States Indonesia Society (USINDO) during his visit to Washington, D.C. The meeting, attended by top executives from major U.S. companies, underscored mutual interests in expanding economic partnerships and highlighted U.S. confidence in Indonesia’s economic prospects. […]

PT Asianet Media Teknologi (Asianet) has launched Unifiber, a Fiber To The Home (FTTH) product based on fiber optic technology designed to meet digital connectivity needs, and the Network Operation Center (NOC) facility to meet the challenges of advanced digital access needs. […]

Minister of Communication and Digital Application, Meutya Hafid, announced collaborations with global tech giants U.S.’s Microsoft and Russia’s Yandex Group to advance Indonesia’s artificial intelligence (AI) ecosystem. The discussions focused on the potential of AI development to foster economic growth, with a projection that AI could boost Indonesia’s GDP by 12 percent or US$366 billion by 2030. […]

Zhejiang Huayou Cobalt Co. is reportedly pursuing US$2.7 billion (Rp42.3 trillion) in funding from several banks to support its nickel refining and smelting project in Indonesia, developed in collaboration with PT Vale Indonesia and Ford Motor Co. […]

Indonesia private manufacture company PT Bakrie & Brothers (BNBR) has sealed an agreement with Envision Energy International Ltd (Envision) to develop floating solar and wind power plants in support of the Indonesian government’s program to reduce emission as well as achieve net zero emission by 2060 in line with the Paris Agreement. […]

Minister of State-Owned Enterprises (SOEs) Erick Thohir has expressed his support for the establishment of the Daya Anagata Nusantara Investment Management Agency or BPI Danantara, a sovereign wealth fund which is projected to become the new SOEs Superholding. […]

Two subsidiaries of State energy company PT Pertamina − PT Pertamina EP (PEP) and PT Pertamina Hulu Sanga-Sanga (PHSS) − are embroiled in the Borderless Program, a breakthrough scheme to increase oil and gas production in Sanga-sanga area of East Kalimantan, the overlapping work area (WK) of both companies. […]

The government’s policy of banning the sales of iPhone 16 in Indonesia for its failure to meet the Domestic Component Level (TKDN) requirement in the industry is not good for business and will only harm domestic consumers. […]

Jérôme Baudelet, CEO of nickel company Eramet Indonesia, has predicted that in the next 10 years, Indonesia will become the world’s largest nickel producer following significant increase in production volume in recent times. […]

Pelita Air Service, an aviation subholding of State energy company PT Pertamina, and the Directorate General of New, Renewable Energy, and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources (ESDM) have signed a Memorandum of Understanding on energy conservation and renewable energy initiatives at Pondok Cabe Airport in South Tangerang, Banten. […]

State-owned publicly listed Bank Mandiri has affirmed that the government’s policy to forgive non-performing loans (NPL) for a million Micro, Small, and Medium Enterprises (MSMEs), including farmers and fishers, will not impact its financial performance. […]

The world has seen geopolitical shift in terms of renewable energy initiatives in the past few decades, with Asia − particularly China − dominating the development of environmentally friendly and sustainable energy sources, moving away from fossil fuels. […]

Multinational beverage manufacturer Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) launched the “Wawasan Nusantara” environment and community development program in Kutamaneuh Village, Karawang, West Java, on Wednesday, November 6, 2024. […]

Hendro S. Gondokusumo, CEO of property developer PT Intiland Development (DILD), recently sold a significant portion of his shareholding in the company. On October 29, 2024, he offloaded 260 million shares at Rp200 each, totaling Rp52 billion (US$3.3 million). […]

Publicly listed food giant PT Mayora Indah exported US$1 million (Rp15. 8 billion) worth of snacks to 15 countries, including Palestine, on Tuesday, November 5, 2024. Mayora’s CEO, Andre Sukendra Atmadja, noted that while the value of products shipped to Palestine was not specifically tracked, popular items sent include wafers, chocolates, and biscuits. […]

The Indonesian government, through the Ministry of Energy and Mineral Resources (ESDM), has partnered with the Agence Française de Développement (AFD) to tackle climate change and drive the nation’s energy transition. […]