#Corporate
IMA: Indonesia books a surplus in copper production amidst global deficit
Indonesia is having a surplus in copper production with the existing copper smelters capable of producing 1.3 million tons of copper cathode a year, far above the local market need of 250,000 tons that Indonesia needs to take advantage of global copper commodity deficit in the next couple of years at the time when the need for green technology of copper as raw materials increases.
PT Master Print debuts on IDX, plans strategic expansion
PT Master Print (PTMR), a subsidiary of food packaging producer PT Mitra Pack (PTMP), officially went public on the Indonesia Stock Exchange (IDX) on Tuesday, October 8, 2024, becoming the 35th company listed this year.
Antam acquires 30 percent stake at JLMI, boosting nickel downstream projects
State-owned diversified miner PT Aneka Tambang (Antam), through its subsidiary PT Gag Nikel (PTGN), has finalized the acquisition of a 30 percent stake in PT Jiu Long Metal Industry (JLMI), a nickel smelting company focused on refining nickel.
United Tractors expands into renewable energy with solar, geothermal investments
PT United Tractors Tbk (UNTR) is ramping up its focus on renewable energy, branching out from its core heavy equipment business and exploring opportunities in solar energy development.
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).
Inasca 2024 Forum seals US$8.3 billion deal on trade and investment
The Indonesia South and Central Asia (Inasca) 2024 Business Forum, held in Jakarta on Monday, October 7, 2024, produced a number of trade and investment deals worth US$ 8.3 billion.
Rusdi Kirana named Deputy MPR Speaker, steps back from Lion Air leadership
Rusdi Kirana, co-founder of Lion Air Group, has been appointed as Deputy Speaker of the People’s Consultative Assembly (MPR) representing the National Awakening Party (PKB).
OJK evaluates Adaro Energy's plan to divest its Adaro Andalan Indonesia shares
The Financial Services Authority (OJK) is currently reviewing the plan by PT Adaro Energy Indonesia (ADRO) to divest its entire stake in PT Adaro Andalan Indonesia (AAI).
Pertamina Group prepares bioethanol ecosystem, a drive for energy transition
The transportation sector is one of the largest contributors to greenhouse gas emissions in Indonesia that the use of environmentally friendly fuel oil, including those mixed with bioethanol, is one of the best solutions to reduce the emissions.
Airlines encouraged to partner with foreign firms to break market monopoly
Minister of Transportation Budi Karya Sumadi asks domestic airlines to collaborate with foreign investors to expand their fleets and reduce the current monopoly in Indonesia's aviation industry, particularly by the Lion Air Group.
US solar panel company invests in Batang Industrial Estate
Energy company SEG Solar Inc. becomes the first company from the United States investing in Batang Integrated Industrial Estate in downstream industry of silica sands.
Broom raises US$25 M in Series A+ to transform Indonesia's automotive sector
Broom, an automotive startup that provides services for buying and selling used cars in Indonesia, has secured Series A+ funding of US$25 million to expedite digitization of traditional automotive sector.