#Corporate
BREN joins FTSE global water equity index in large cap category
PT Barito Renewables Energy (BREN) has been included in the FTSE Global Equity Index, a large cap category, which will take effect on Monday, June 24, 2024.
PGN repays remaining US$396 million bonds on time
Jakarta, May 27, 2024 − PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, has paid off the remaining bonds worth US$396,709,000 in accordance to the maturity date as part of the repayment of the overall bond value of US$1.35 billion issued in 2014 and listed on the Singapore Exchange.
President Jokowi launches 'INA Digital', accelerates integration of services
JAKARTA - President Joko “Jokowi” Widodo launched Government Technology (GovTech) digital application called 'INA Digital' in Jakarta on Monday, May 27, 2024.
BEI reports lineup of IPOs, eight major companies ready to go public
The Indonesia Stock Exchange (BEI) has announced that several companies are preparing to conduct initial public offerings (IPOs), including eight companies which are classified to have assets exceeding Rp250 billion (US$15.6 million), indicating strong confidence in the Indonesian capital market.
MIND ID-Vale Canada name assessment center to evaluate candidates of directors
MIND ID and Vale Canada Ltd have nominated and appointed the assessment center to evaluate candidates of directors at mining company PT Vale Indonesia after shares divestment.
Bahlil: Foxconn's investment plan under negotiation
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia says Taiwan's company Hon Hai Precision Industry Co.Ltd or Foxconn's investment plan in Indonesia is still under negotiation.
Bahlil: Freeport's permit extension almost final
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadialia said the government is waiting for the final revision of the government regulation No. 96/2021 that will allow PT Freeport Indonesia (PTFI) to secure early extension of its special mining business permit after 2041.
Microsoft to invest US$1.4 billion in AI development in Indonesia
Microsoft CEO Satya Nadella has expressed commitment to a substantial investment for the development of Artificial Intelligence (AI) in the country, estimated at around US$1.4 billion.
Government issues permit extension for Vale Indonesia
The Indonesian government has issued the extension of PT Vale Indonesia’s special mining business permit following the divestment of 14 percent of the company's share.
Minister lobbies Apple CEO to build factory in Indonesia: Components are ready
Indonesian Minister of Industry, Agus Gumiwang Kartasasmita, said that the government continues to push for Apple Inc.'s commitment to build a factory in Indonesia.
Freeport pours sevent percent of 2023 profit to Papua regional administrations
PT Freeport Indonesia (PTFI) has deposited around Rp3.35 trillion (about US$207 million), or about sevent percent out of its 2023 profit of Rp48.79 trillion, to the regional administrations in Papua.
Garuda Indonesia's revenue growth 40 percent in 2023
National flag carrier PT Garuda Indonesia (IDX: GIAA) has consistently recorded positive performance as reflected in the growth of consolidated operating revenue in the 2023 performance year, which grew by around 40 percent or US$2.94 billion compared to the previous year's operating revenue of US$2.1 billion. This is one of the indicators of the business performance restructuring steps that continue to run on the track.