#Corporate
U.S. investigates the venture between Ford, China's Zhejiang Huayou Cobalt and PT Vale Indonesia
U.S. Senator Marco Rubio asked the Biden administration to investigate Ford Motor Co's plan to partner with PT Vale Indonesia, and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing facility in Indonesia for the production of EV batteries.
South Korea’s POSCO to build US$441 million nickel refining facility in Halmahera
POSCO Holdings Inc. stated that it is spending US$441 million to build a nickel refining facility in Indonesia as it pushes to beef up its supply chains of the key secondary battery material.
Daihatsu admits rigging crash test results on 88,000 cars
Daihatsu Motor Co., a subsidiary of Toyota Motor Corp. has admitted to manipulating the safety test results of several car variants marketed internationally through a statement on the company’s website published on Tuesday, May 2, 2023.
Indomie products withdrawn from Malaysia, Taiwan, carcinogenic substance detected
Indomie products from Indonesia were withdrawn from the Taiwanese and Malaysian markets after the discovery of traces of ethylene oxide (EtO), a carcinogenic compound. However, currently, there is no international regulation from FAO regarding the maximum level of EtO.
PLN cooperates with France-based HDF to develop hydrogen power plant in Indonesia
State-owned electricity company PLN is collaborating with French company Hydrogen de France to develop hydrogen technology in Indonesia. In a visit to France, PLN CEO Darmawan Prasodjo signed a Memorandum of Understanding with HDF on April 18, 2023.
IHRS 2023 highlights importance of sense of crisis and HR challenges
The ongoing war between Russia and Ukraine, in combination with the declining economy of the United States, have impacted the global economy.
Chinese group of companies invest in petrochemical complex in North Kalimantan
East China-based Tongkun Group and Xinfengming Group are seeking Beijing's approval to construct a US$10 billion refinery and petrochemical complex in North Kalimantan Province in Indonesia.
Hundreds of workers staged protest against Job Creation Law in Parliament
Hundreds of workers from Labour Party and several workers union staged a protest in front of the House of Representative on Tuesday, April,11 ,2023.
Pertamina CEO explains factors leading to fires at refineries
The fire that occurred at the oil refinery owned by state-owned oil and gas company PT Pertamina in Dumai, Riau, added to a long list of a series of fires at Pertamina assets in the last several years.
A fire broke out at Pertamina’s Dumai refinery raising questions on safety procedures
Nine people were injured, and several houses and houses of worship sustained damage after a fire broke out at the state-owned oil and gas company Pertamina refinery in Dumai, Riau province, on April 1, 2023. Recurring fire incidents at Pertamina fuel processing and storage has raised questions about the management‘s monitoring of safety procedure.
Eight Electric Motorcycle Companies to Benefit from Government Subsidy Program
Eight electric motorcycle companies had successfully qualified to receive the electric vehicle subsidy from the government. Through the subsidy, the motorcycle companies will receive a subsidy of Rp 7 million for one electric motorcycle unit. The Industry Ministry's director general of metals, machinery, transportation equipment, and electronics industry (ILMATE) Taufiek Bawazier, said that the eight companies had fulfilled the government's condition that requires companies to produce the motorcycle with 40% of local components ratio.
WSBP invest IDR 80 billion to build Nusantara's Presidential Palace and working roads
PT Waskita Beton Precast (WSBP) is a publicly traded Indonesian state-owned enterprise (SOE) founded in 2014 and a subsidiary of PT Waskita Karya (Persero). It is the country's largest producer of precast and mixed concrete. The company intends to invest IDR 80 billion (US$ 5.2 million) in capital expenditure (Capex) to develop Indonesia's New Capital, Nusantara, in East Kalimantan.