#Corporate
Amartha hosts Asia Grassroots Forum to lure global investment in RI’s MSME sector
Indonesian fintech company Amartha calls on global investors to explore the vast potential of Indonesia’s micro, small, and medium enterprises (MSMEs) via the 2025 Asia Grassroots Forum, held from May 21–23, 2025 in Nusa Dua, Bali.
President approves Huayou as new lead in EV battery project, replaces LG Energy Solution
President Prabowo Subianto summoned Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia to the Merdeka Palace on Thursday, May 22, 2025 to discuss the formal transition of leadership in Indonesia’s landmark electric vehicle (EV) battery project, valued at US$9.8 billion (Rp165.3 trillion). Chinese battery manufacturer Huayou has officially replaced South Korea’s LG Energy Solution (LGES) in the consortium.
KPPU warns of law violation in potential Grab-GoTo merger
Indonesia’s Business Competition Supervisory Commission (KPPU) has issued a public warning regarding the potential merger between tech giants Grab and GoTo, emphasizing the importance of compliance with national competition laws.
Freeport’s Gresik smelter to begin operation in June: Bahlil
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has announced that PT Freeport Indonesia's copper smelter in Gresik, East Java, is now complete and set to begin operations in June 2025, ahead of its original schedule in September.
PGN secures gas supply deals, strategic cooperation at IPA Convex 2025
The Indonesian government has reaffirmed its strong support for state owned gas distribution company PT Perusahaan Gas Negara (PGN) in its mission to provide reliable and sustainable natural gas across the country.
PGEO seeks shareholder approval to enter lab testing, fluid measurement businesses
PT Pertamina Geothermal Energy (PGEO), a subsidiary of State oil and gas company PT Pertamina, is planning to expand into two new lines of business − laboratory testing services and commercialization of two-phase fluid measuring instruments − as outlined in the company's Articles of Association and the 2020 Indonesian Standard Industrial Classification (KBLI).
CATL to start EV battery production by March 2026: Deputy ESDM Minister
The government has confirmed that Chinese battery giant Contemporary Amperex Technology Co. Limited (CATL) will proceed with the production of electric vehicle (EV) battery in Indonesia starting March 2026, said Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot Tanjung.
PT Timah admits struggles with illegal mining surge following corruption scandal
President Director of State miner PT Timah, Restu Widiyantoro, has acknowledged that the state-owned mining company is facing serious difficulties in curbing illegal mining activities, which have intensified significantly across its operational areas following a high-profile corruption case involving several individuals, including Harvey Moeis.
Ministry asks all parties to safeguard investment climate after Chandra Asri extortion case
An incident involving individuals claiming to represent the Cilegon branch of Indonesia’s Chamber of Commerce and Industry (Kadin) has drawn public attention, after a viral video showed the group demanding a share in a Rp5 trillion (US$302 million) project from PT Chandra Asri Alkali during a meeting with Chinese contractor China Chengda Engineering Co Ltd.
PT Timah faces technological hurdles in advancing rare earth elements project
President Director of State-owned tin miner PT Timah, Restu Widiyantoro, has acknowledged that the slow progress of the company’s rare earth elements (REE) project stems primarily from technological limitations.
Kadin launches ethics probe amid alleged misconduct in Cilegon chemical project
The Indonesian Chamber of Commerce and Industry (Kadin) has launched an internal ethics investigation following allegations that one of its members improperly demanded a share of a major chemical industry project in Cilegon, Banten.
PERTIWI empowers 40 female leaders, driving gender equality and sustainability
Over the past four years, PERTIWI (Perempuan Pertamina Tangguh Inspiratif Wibawa Integritas) has emerged as a driving force in empowering female employees across Pertamina Group and its subsidiaries.