#Corporate
Erick Thohir builds long career with media business
Erick Thohir is a very well known figure in Indonesian business and politics. He is one of many members of the famous Thohir family who has various businesses in Indonesia. The Thohir family has many businesses, such as Mahaka Group owned by Erick and Adaro Energy by Garibaldi Thohir. Thohir now is the Minister of State-Owned Enterprises.
Budi Karya Sumadi
Budi Karya Sumadi was born in 1956 in Palembang to a husband and wife, Abdul Somad Sumadi and Kusmiati. He is the current Minister of Transport. Since childhood he has been helping his parents, at the age of 10 he helped his parents in selling candles, dry food and banana jam. He sells through two methods, namely: leaving it at the shop and selling it himself to potential buyers. His father, Abdul Somad Sumadi worked at the Regional Office of the South Sumatra Ministry of Education (1962), previously working as a teacher who was sent by Soekarno. While his mother was a kindergarten teacher who was a member of the South Sumatra DPRD in 1956-1959, his mother had also been the editor of the People's Torch published in 1962.
ExxonMobil supports Indonesia’s CCS development program, target
U.S. oil and gas company has expressed its support for Indonesia’s Carbon Capture and Storage (CCS) development program and target, actively working with the Indonesian government and state-owned oil company PT Pertamina to establish CCS infrastructure in key industrial zones that will help position Indonesia as a regional hub for carbon storage.
Bahlil Lahadalia
Bahlia Lahadalia was born in Maluku, Indonesia in 1976. He is the current Minister of Investment/ Investment Coordinating Board. He is the son of a father who is a construction worker and a mother who’s a cake seller. The limitations he had since childhood made him an independent and a tough man. When he was in elementary school at SDN 1 Seram Timur, Maluku, he helped his family by selling cakes. When he entered junior high school at SMPN 1 Seram Timur, Maluku, he once became a angkot conductor, selling fishes, helping as an excavator helper to fill his needs, then at SMEA YAPIS Fakfak, Papua (voffice.co.id; telisik.id), he became an angkot driver by working part-time. Even though life is hard and working while attending school, he still has good grades and became the student council president (OSIS). He then went to Jayapura, Papua to find a university to enrol but rejected and without money, Bahlil then stayed in a boarding school, and was encouraged by the head of the boarding school who then would be the Deputy Governor of West Papua later on to study at a university, with unlimited enthusiasm and encouragement from the head of the boarding school, he enrolled himself for undergraduate studies at the Port Numbay School of Economics, Jayapura, Papua. While enrolling he also became a cart pusher at the nearby market, and a newspaper seller.
35 French firms explore investment opportunities in Indonesia’s energy sectors
A delegation of 35 French companies, represented by the French Business Confederation (MEDEF International), met with Indonesin Minister of Investment and Downstream Industry, Rosan Perkasa Roeslani, in Jakarta on Tuesday, February 18, 2025 to explore investment opportunities in three key sectors: renewable energy, infrastructure, and decarbonization.
audax partners with Maybank to redefine digital Islamic banking in ASEAN
In a move to capture the burgeoning Islamic banking market in Indonesia, technology provider audax Financial Technology (audax) has announced its collaboration with Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, for digital transformation that addresses both customer experience and operational efficiency.
Residents demand revocation of PSN status of IWIP
Residents living around the mining operations in Central Halmahera, North Maluku staged a protest at the coastal area of Lelilef Village, Weda Tengah District, on Thursday, February 13, 2025, expressing distrust towards the impact of the visit by Commission XII of the House of Representatives (DPR) to the Weda Bay Industrial Park (IWIP) last December.
IIMS 2025 opens, government supports automotive industry acceleration
The Indonesia International Motor Show (IIMS) 2025 commenced on Friday, February 14, 2025 at JIExpo, Kemayoran, Jakarta, in a ceremony opened by Minister of Industry Agus Gumiwang Kartasasmita.
PTFI accelerates smelter repairs, seeking export relaxation extension amid recovery efforts
PT Freeport Indonesia (PTFI) is accelerating the process of repairing smelter facilities by installing replacement equipment at the Java Integrated Industrial and Ports Estate (JIIPE), Gresik, East Java.
Medco Power begins commercial operations of Ijen Geothermal Power Plant
PT Medco Power Indonesia (Medco Power), a subsidiary of PT Medco Energi Internasional (MedcoEnergi), through its business unit PT Medco Cahaya Geothermal (MCG), a jointly owned company of Medco Power and Ormat Technologies (NYSE:ORA), commenced commercial operations at the Ijen Geothermal Power Plant, the first geothermal power facility in East Java.
Govt mulls to grant Freeport extension of copper concentrate export permit
The government is planing to grant extension of copper concentrate export permit for PT Freeport Indonesia (PTFI) after a fire broke into its smelter last October despite the fact that the country has officially banned export of raw minerals, including copper.
Bahlil: No decision on Freeport Export Permit extension as yet
The Indonesian government has yet to make a decision on whether to grant export license extension for PT Freeport Indonesia’s (PTFI) copper concentrates or not.