#Corporate
Officials from government institutions and businessmen caught in ilegal IMEI network with state losses reaching IDR 353 billion
A number of institutions and individuals were stated to be involved in the case of illegal International Mobile Equipment Identity (IMEI) with a total state loss of IDR 353 billion.
Challenges remains for carbon exchange implementation in September, calling for a stronger regulation and supervision
The implementation of the carbon exchange in September 2023 will experience a number of challenges that must be corrected in terms of regulation and supervision.
OJK plans to increase minimum paid-up capital requirement for insurance companies
The Financial Services Authority (OJK) is set to introduce new regulations regarding the minimum capital requirements for insurance and reinsurance companies, both conventional and Sharia-compliant.
Government appoints state-owned banks and ministries to implement coal collect-channel scheme, bringing hope to coal companies
The government is appointing state-owned banks and ministries to implement and manage the collect-channel scheme in coal management in the country, for export as well as the domestic market obligation (DMO).
Garuda Indonesia's profits are illusionary, according to economists
The Forbes 2000 list for the year 2023 listed Garuda in the 1,572nd position in the list of the world's top 2,000 promising public companies. Garuda made it into the Forbes list alongside 42 other airlines, aerospace, and defense companies.
Freeport halts operation as export permit remains unclear
PT Freeport Indonesia is still unable to resume copper concentrate exports, despite the government granting export permit relaxation through Ministerial Regulation No. 7/2023 regarding the Continuation of the Development of Metal Mineral Refining Facilities in the Country.
70 companies join KADIN's Net Zero Hub program
As many as 70 companies have registered in the Net Zero Hub program initiated by the Indonesian Chambers of Commerce and Industry (KADIN).
IEBF 2024: Strengthening Indonesia-Europe trade ties with new partnerships
The Indonesia-Europe Business Forum (IEBF) 2024, held on Monday, October 7, 2024, produced seven memorandums of understanding (MoUs)/Letter of Intent (LoIs) on cooperation between Indonesian and European companies with a total transaction value of US$11.07 billion (Rp174 billion).
Minister lobbies Apple CEO to build factory in Indonesia: Components are ready
Indonesian Minister of Industry, Agus Gumiwang Kartasasmita, said that the government continues to push for Apple Inc.'s commitment to build a factory in Indonesia.
TikTok invests US$ 10 billion in Indonesian MSMEs as a gesture of gratitude
TikTok invests US$ 10 billion (IDR 148 trillion) to help micro, small and medium enterprises (MSMEs) in Indonesia, as a form of appreciation to the Government of Indonesia for their support for TikTok.
Megawati's son in law under scrutiny for involvement in corruption case
Muhammad Yusrizki, Chair of the Standing Committee on Renewable Energy of the Indonesian Chamber of Commerce and Industry (Kadin) and President Director of PT Basis Utama Prima, was detained by the Attorney General's Office (AGO).
Megawati Soekarnoputri urges nuclear development and follow North Korea
Megawati Soekarnoputri, the Chairwoman of the Indonesian Democratic Party of Struggle (PDI-P), asserted that Indonesia should follow North Korea's lead in developing nuclear capabilities. The statement has inevitably sparked intense discussions,