#Corporate
Krakatau steel prepares 500-ha site for major investment from Delong Steel Group
PT Krakatau Steel, through its subsidiary PT Krakatau Sarana Infrastruktur (KSI), is allocating over 500 hectares of land in the Krakatau Industrial Estate, Cilegon, Banten, to support a significant investment plan by China’s Delong Steel Group and its Indonesian arm, PT Dexin Steel Indonesia.
Dutch companies to inject US$300 million into Indonesia’s strategic sectors
Anindya Bakrie, Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), revealed that a significant investment is on the horizon, with a total of US$300 million (Rp4.8 trillion) to be injected into Indonesia by 120 Dutch companies as part of a strategic partnership to support key national development programs.
Danantara eyes stake in GoTo post-merger with Grab amid monopoly concerns
Indonesia’s sovereign investment management agency Daya Anagata Nusantara (BPI Danantara) is reportedly exploring a minority investment in PT GoTo Gojek-Tokopedia (GOTO) following the company’s planned merger with Malaysian ride-hailing giant Grab.
RI launches first local CT scan factory, aims for global reach in medical tech
Indonesia has inaugurated its first domestically assembled Computed Tomography (CT) scanner production facility − a collaborated manufacturing between global medical technology giant GE HealthCare and Indonesian pharmaceutical firm Kalbe Farma.
KPPU flags potential monopoly in TikTok–Tokopedia merger, sets terms for fair competition
Indonesia’s Business Competition Supervisory Commission (KPPU) has raised concerns over the recent merger between TikTok Shop and Tokopedia, warning that their consolidation may lead to monopolistic practices and unfair business competition.
Microsoft launches first data center region in Indonesia
Microsoft launched on Tuesday, May 27, 2025 the Indonesia Central Cloud Region, marking its first data center cluster in the country expected to significantly accelerate Indonesia’s digital transformation and economic growth, with the potential to contribute US$2.5 billion (Rp41 trillion) to the national economy.
Telkom Indonesia appoints Angga Raka Prabowo as president commissioner
State telecommunication company PT Telkom Indonesia named Angga Raka Prabowo as its new President Commissioner during the company’s Annual General Meeting of Shareholders (RUPST) in Jakarta, on Tuesday, May 27, 2025.
Kadin invites Chinese entrepreneurs to invest in “free nutritious meal program”
The Indonesian Chamber of Commerce and Industry (Kadin) has invited Chinese business leaders to invest in the country’s Makan Bergizi Gratis (MBG), or Free Nutritious Meal Program, targeting the development of 1,000 community kitchens to support child nutrition and food security.
Indosat plans major business expansion into AI, IoT, and defense tech
Telecommunication compant PT Indosat (ISAT) has announced plans to expand into several new business lines − pending shareholders’ approval − meant to significantly support Indonesia’s ongoing digital transformation, with new ventures focusing on artificial intelligence (AI), Internet of Things (IoT), defense and security technologies, and market research.
KLHK revokes Dairi’s permit in regards with Supreme Court’s ruling
The Ministry of Environment and Forestry (KLHK) has formally enacted the Supreme Court's ruling by revoking the environmental permit of PT Dairi Prima Mineral (PT DPM), a mining company operating in Dairi Regency, North Sumatra.
BRI-PELNI partner to support national maritime transport
Bank Rakyat Indonesia (BRI) has reaffirmed its commitment to supporting Indonesia’s transportation sector through a comprehensive financial collaboration with state-owned shipping company PT Pelayaran Nasional Indonesia (PELNI) signed at BRILian Centre in Jakarta on Monday, May 19, 2025.
Four Chinese companies to invest in RI’s EV industry amid rising global interest
Indonesia continues to strengthen its position as a key player in the electric vehicle (EV) industry, with four Chinese companies set to invest and establish EV-related manufacturing facilities in the country.