#Corporate
Prabowo’s, businessmen’ India visits spur key MoUs in tech, health
The visit of President Prabowo Subianto and a number of Indonesian businessmen to India has produced a number of Memorandum of Understanding (MoU) notes in various sectors from digital to health.
IDX removes ACES and PGEO, adds XL Axiata and Indosat in latest index overhaul
The Indonesia Stock Exchange (IDX) has announced that it removed shares of PT Aspirasi Hidup Indonesia (ACES) and PT Pertamina Geothermal Energy (PGEO) from the IDX30 index and brought shares of PT XL Axiata (EXCL) and PT Indosat (ISAT) into the index as replacement.
KPPU targets resolution, fines payment of Google monopoly case
The Business Competition Supervisory Commission (KPPU) is targeting the case of alleged Google monopoly violations through Google Play Store and its Google Play Billing (GBP) to be resolved this month, with Google being the subject to a sanction of 50 percent of the net profit of the GBP application.
Apple begins investment negotiations as government seeks greater commitment
Apple Inc. begins negotiations regarding the company's investment plan in Indonesia as Apple’s Head of Global Affairs, Nick Amma, met with a Senior Ministry of Industry official in Jakarta on Tuesday, January 7, 2025.
bp-Saipem Consortium sign US$3.5 billion CCUS, EPCI contract
British multinational oil and gas company, bp, has signed a Rp56.5 trillion (US$3.5 billion) project with partner contractors of Saipem Consortium − Engineering, Procurement, Construction, and Installation (EPCI) company PT Meindo Elang Indah and PT JGC Indonesia, a subsidiary of Japanese JGC Holdings Corporation − for Carbon Capture, Utilization, and Storage (CCUS) and EPCI work contracts of the Tangguh Ubadari National Strategic Project (Tangguh UCC).
PT Inalum prepares for first IPO to boost market capitalization, liquidity on IDX
PT Indonesia Asahan Aluminium (Inalum), a mining company under the Mining Industry Indonesia (MIND ID) holding company, is preparing to conduct its first initial public offering (IPO) on the stock exchange.
Rosan renew calls for investment to boost 8-percent growth target achievement
Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani says investment is an important factor to achieve the 8-percent economic growth target that government is focusing to increase qualified investment flows as one of the main priorities in the future economic plan.
President’s brother to acquire gold mining project in Sangihe, North Sulawesi
A company owned by the younger brother of Indonesian President Prabowo Subianto, Hashim Djojohadikusumo, is reported to acquire a 10-percent share or equity stake in PT Tambang Mas Sangihe (TMS), a gold mining company operating in Sangihe Island, North Sulawesi.
Apple's investment proposal does not meet fairness principles: Industry ministry
Minister of Industry Agus Gumiwang Kartasasmita says Apple's investment offer of US$100 million over two years does not meet the globally recognized principle of fairness in invesment.
Antam plans to acquire domestic, international gold mines
State-owned mining company PT Aneka Tambang (Antam), a company incorporated in the holding company PT Mineral Industri Indonesia (MIND ID), has planned to explore and acquire gold mines, both domestically and abroad.
BP invests US$7 billion in oil & gas, energy projects in Indonesia
British Petroleum (BP) has agreed to put an investment of US$7 billion in support of the Tangguh Ubadari, Carbon Capture Utilization & Storage (CCUS), and Compression (UCC) projects in Indonesia upon an assessment meeting between the British oil&gas company and the Upstream Oil and Gas Regulatory Task Force (SKK Migas).
Retno Marsudi joins Singapore's Gurin Energy as non-executive director
Retno Marsudi, Indonesia’s Foreign Minister from 2014 to 2024, has been appointed as a Non-Executive Director at Gurin Energy.