#Corporate
PLN restructures leadership, introduces new technology director role
State electricity provider PT PLN has taken a significant leadership reshuffle following an Extraordinary General Meeting of Shareholders (EGMS) held on Wednesday, June 18, 2025 at the Ministry of State-Owned Enterprises (SOEs).
Danantara secures Rp150 T in dividends from state-owned enterprises
Indonesia’s investment management agency Daya Anagata Nusantara (BPI Danantara) has received a massive dividend injection of Rp150 (US$9.14 billion) from state-owned enterprises (SOEs), marking a significant leap from the previous year.
Danantara to provide Rp130 T for national housing project
State investment management agency (BPI Danantara) has pledged an investment of Rp130 trillion (US$8 billion) to support the national housing initiative led by the Ministry of Housing and Settlements.
Govt to sanction industrial tenants for Greater Jakarta’s air pollution
The Ministry of Environment and Forestry (KLH) is preparing to issue mandatory administrative sanctions against dozens of companies operating within two industrial areas in North Jakarta and Bekasi Regency for their contribution to deteriorating air quality in Greater Jakarta area (Jabodetabek).
Teladan Prima Agro acquires majority stake in Cipta Davia Mandiri for Rp136.32 B
Palm oil company PT Teladan Prima Agro (TLDN), owned by entrepreneur Wishnu Wardhana, has officially acquired 99.99 percent of the shares in PT Cipta Davia Mandiri (CDM) from PT REA Kaltim Plantations for a total value of Rp136.32 billion (US$8.3 million).
Sri Mulyani highlights US$625 B infrastructure funding gap, Danantara touted as solution
Indonesia faces a massive funding gap in its bid to develop infrastructure by 2029, requiring a total of US$625.37 billion (Rp10,154 trillion) to meet national development goals, said Minister of Finance Sri Mulyani Indrawati.
Taspen launches green energy pilot with Korean, local partner to support net zero goals
State-owned insurer PT Taspen has signed a tripartite Memorandum of Understanding (MoU) with South Korea’s KevinLAB Inc. and local partner PT Catur Elang Perkasa to implement a green energy initiative.
Danantara to allocate US$7 B for strategic investments, eyes global expansion
Indonesian investment powerhouse Danantara is set to allocate 20 percent of its total capital for overseas ventures as part of its long-term strategy to grow into a global business player and the remaining 80 percent for strategic domestic projects, with a strong emphasis on national priority sectors.
PT Bukit Asam sets record CAPEX at Rp7.2 T for 2025 amid coal price volatility
State-owned mining company PT Bukit Asam (PTBA) has announced a significant increase in its Capital Expenditure (CAPEX) for 2025, allocating Rp7.2 trillion (US$441.7 billion) − more than triple the realized CAPEX of around Rp2.3 trillion in 2024.
Korean AI firms showcase cutting-edge tech at ASEAN-Korea digital partnership
ASEAN-Korea Digital Business Partnership 2025, a major business-matching event held in Jakarta, on Tuesday, June 10, 2025, brought together ASEAN digital industry players and 30 leading South Korean software companies specializing in Artificial Intelligence (AI)-based solutions, digital health and data and cyber security.
Daimler Indonesia inaugurates Rp500 billion eco-friendly truck factory
PT Daimler Commercial Vehicles Manufacturing Indonesia (DCVMI) inaugurated a new factory worth Rp500 billion (US$30.7 million) in the Delta Silicon 8 Industrial Estate, Bekasi Regency, West Java.
China-M’sia-Indonesia to invest Rp71.8 T for road, utility tunnel projects in IKN
The Nusantara Capital City (IKN) Authority has announced that investors from China, Malaysia, and Indonesia are preparing to invest approximately Rp71.8 trillion (US$4.4 billion) for road infrastructure and a Multi-Utility Tunnel (MUT) network development in the future capital city.