#Corporate
Astra Agro Lestari vows to cut carbon emissions by 30% by 2030
PT Astra Agro Lestari (AALI) has announced plans to reduce its carbon emissions by 30 percent from 2019 levels by 2030, supported by an investment of up to Rp400 billion (US$24 million) to build 10 methane gas capture facilities across its palm oil mills.
GoTo’s fintech arm swings to profit as GoPay transactions surge 54 percent
The financial technology arm of PT GoTo Gojek Tokopedia (GOTO) posted robust growth in the third quarter of 2025, marking a significant turnaround in profitability and reinforcing its position as one of Indonesia’s leading digital finance platforms.
OpenAI reportedly prepares for historic US$1 trillion IPO
OpenAI, the parent company of ChatGPT, is reportedly preparing to go public through an initial public offering (IPO) that could value the company at US$1 trillion (Rp16,631 trillion), anticipated to be the largest IPO in history.
PT Timah appoints a retired general as Director of Operation and Commercial Affairs
State-owned tin miner PT Timah (TINS) appointed retired Major General Handy Geniardi as the company’s new Director of Operation and Commercial Affairs, replacing Nur Adi Kuncoro, in an Extraordinary General Meeting of Shareholders held on Wednesday, October 29, 2025.
Indonesia Stock Exchange targets 50 IPOs in 2026
The Indonesia Stock Exchange (IDX) has set a target of 50 initial public offerings (IPOs) for 2026, while revising this year’s target down from 66 to 45 companies.
Chandra Asri Group to invest US$1 billion in regional energy transformation
Chandra Asri Group has announced plans to invest US$1 billion (Rp16.6 trillion) to accelerate its energy transformation and strengthen its integrated business operations across Southeast Asia.
Toyota to build ethanol plant in Indonesia to support 2027 E10 fuel mandate
The Ministry of Investment and Downstreaming reveals that Japanese automotive giant Toyota plans to build an ethanol production plant in Indonesia, apparently in support of Indonesia's planned E10 gasoline mandate in 2027
Freeport reports sharp drop in copper and gold production after Grasberg landslide
Freeport-McMoRan (FCX) has reported a significant decline in copper and gold production during the first nine months of 2025, with output dropping nearly 30 percent year-on-year, largely due to a landslide at its Grasberg mine in Central Papua on September 8, 2025.
Pertamina-Petronas sign farm-out agreement for Bobara deepwater block in West Papua
State energy company PT Pertamina Hulu Energi (PHE), through its affiliate PT Pertamina Hulu Energi Bobara, and Petroliam Nasional Berhad (Petronas), through its subsidiary PETRONAS E&P Bobara Sdn. Bhd., have signed a Farm-Out Agreement (FOA) for the Bobara Production Sharing Contract (PSC), located in the ultra-deepwater region off West Papua, Eastern Indonesia.
RAJA explores LNG project in Banten, eyes partnership with CDIA and Krakatau Steel
PT Rukun Raharja (RAJA), an affiliate of Happy Hapsoro − businessman and husband of House of Representatives (DPR) Speaker Puan Maharani − is exploring a liquefied natural gas (LNG) project in Banten, potentially along with PT Chandra Daya Investasi (CDIA) and PT Krakatau Steel.
PLN-KAI join forces to electrify Indonesia’s railway network
State electricity company PT PLN has reaffirmed its commitment to supporting low-emission public transportation and energy efficiency in Indonesia through a partnership with state-owned railway operator, PT Kereta Api Indonesia (KAI) to electrify railway lines across the country.
BCA rules out IPO for digital banking arm blu, announces Rp5 T share buyback plan
Indonesia’s largest lender, PT Bank Central Asia (BCA), is preparing a series of major corporate actions through the end of 2025, though dismissing speculations that the plan include an initial public offering (IPO) for its digital banking subsidiary blu by BCA.