#Corporate
Govt to issue permit extension for Freeport before End of Jokowi administration
The government will issue permit extension for PT Freeport Indonesia (PTFI) before the end of President Joko “Jokowi” Widodo administration in October 2024, said Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia on Thursday, July 11, 2024.
BEI announces upcoming IPO of light house companies in second half of 2024
The Indonesia Stock Exchange (BEI) has revealed that a significant number of "light house companies" are set to go public via an initial public offering (IPO) in the second half of this year. This anticipated listing is part of BEI's IPO pipeline for 2024.
PLN’s captive power acquisition program for PT SMART in Kotabaru
State utility company PT PLN has since July 2, 2024, provided 18.58 Megavolt Ampere (MVA) of electricity to agribusiness company PT Sinar Mas Agro Resources And Technology (SMART) in Kotabaru regency, South Kalimantan, through captive power acquisition program.
Indonesian automakers target South American market
The Association of Indonesian Automotive Industries (Gaikindo) has announced that four Indonesian automotive manufacturers are eyeing the South American market, particularly highlighting their competitive edge over U.S. made vehicles.
KFI imports nickel from the Philippines over domestic supply issues
PT Kalimantan Ferro Industry (KFI) is currently importing nickel from the Philippines to sustain its smelter operations in East Kalimantan a result of disrupted domestic nickel ore supply.
PLN supplies 8,978 MWh of green electricity to Uniqlo Indonesia
State electricity company PT PLN will provide green electricity to fashion company PT Fast Retailing Indonesia (UNIQLO) of 8,978 megawatt hours (MWh) through the Renewable Energy Certificate (REC) service as part of the commitment to support decarbonisation of the industrial sector in the country.
Workers stage protest at J&T Ekspress office overrights violation allegations
Over a hundred of workers of logistic and freight forwarding company PT Global Bintang Timur Ekspress (J&T Ekspress) staged a protest at the company headquarters in Jakarta on Tuesday, July 8, 2024, as a response to a series of violations of labor normative rights allegedly committed by the company.
ISEA debuts on Indonesia Stock Exchange
PT Indo American Seafoods (ISEA) launched its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) on Tuesday, with its shares opening 16.80 percent higher at Rp294 per share.
CEOR Minas investment approved, PHR to increase Rokan Block production
Pertamina Hulu Rokan (PHR), a subsidiary of State oil and gas company Pertamina, is ready to increase oil production from Rokan Block through the development of Chemical Enhanced Oil Recovery (CEOR) upon securing approval on the Final Investment Decision (FID) for CEOR Minas by PHR President Director Ruby Mulyawan on June 30, 2024.
Current policies are hindering progress, and government incentives will be essential to support coal companies' energy transition: Ashok Mitra
Ashok Mitra, serves as the CEO of Kaltim Prima Coal (KPC) and COO of Bumi Resources Tbk, a company owned by the Indonesian conglomerate, Bakrie Group. With extensive experience in the mining industry, Mitra has been pivotal in leading one of Indonesia's largest coal producers. In this interview, Mitra shares his insights with Indonesia Business Post, discussing his long-term vision for coal mining companies in the context of Indonesia's energy transition.
Vietnam’s VinFast invests US$1.2 billion in Indonesia’s assembly plant
Vietnam’s electric vehicle (EV) manufacturer, VinFast, which has entered Indonesia earlier this year, is setting up a new dealership in the Jakarta suburb of Depok and will soon invest US$1.2 billion to build a local assembly plant with a capacity of 60,000 cars per year.
Government: BASF, Eramet temporarily delay investment in Sonic Bay project
The government has claimed that Germany 's chemical company BASF and French mining and metallurgical company Eramet did not withdraw from Sonic Bay Project, but only postponed their investment while considering the direction of global trade and market, a senior government officials says.