#Corporate
Coal production target difficult to achieve: Association
The coal production target which has been set by the Ministry of Energy and Mineral Resources (ESDM) at 922.14 million tons by the end of 2024 is difficult to achieve in view of various aspects that could affect domestic coal production, an expert says.
IDX prepares for IPO surge as 28 companies await listings
The Indonesia Stock Exchange (IDX) is set for a significant expansion as 28 companies line up for initial public offerings (IPOs), with 36 companies having debuted on the exchange so far this year, raising Rp5.42 trillion from IPOs.
IDX sees record fundraising in 2024 of Rp149.4 trillion up to October
The Indonesia Stock Exchange (IDX) has reported an impressive Rp149.4 trillion (US$9.5 billion) in funds raised through the capital market up to October 2024, a record-breaking milestone in the exchange's history.
Agriculture ministry dismisses import plans of milk from Vietnam
The Ministry of Agriculture has refuted reports of a plan to import 1.8 million tons of milk from Vietnam to support President Prabowo Subianto's Free Nutritious Meal Program, instead is inviting foreign investors to develop local dairy industry.
Massive layoffs threaten 15,000 workers as bankruptcy hits textile companies
The national textile industry suffers a severe blow after the Semarang District Court declared four Central Java-based textile companies bankrupt.
BUMA secures Rp107.8 trillion contract extension from Bayan Group subsidiary
PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of investment company PT Delta Dunia Makmur (Delta Dunia Group), has secured a long-term contract extension with PT Indonesia Pratama (IPR), a subsidiary of coal mining company PT Bayan Resources (Bayan Group).
Textile giant speaks out after bankruptcy ruling, initiates consolidation steps
One of Southeast Asia’s largest textile manufacturers, PT Sri Rejeki Isman (Sritex), recently responded to its declared bankruptcy by the Semarang District Court in Central Java.
Adiwarna Anugerah Abadi launches IPO on Indonesian Stock Exchange
PT Adiwarna Anugerah Abadi (NAIK), a company specializing in fire protection systems trading and services, has announced its initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Bukit Asam-KAI-Semen Baturaja seal deal on logistics capacity expansion at Kertapati
Coal mining company PT Bukit Asam (PTBA), State-owned railway company PT Kereta Api Indonesia (KAI) and cement producer PT Semen Baturaja (SMBR) havestruck a deal to increase the coal and cement loading and unloading capacity of the Kertapati Area in Palembang, South Sumatra.
Freeport prepares for extended mining permit, ownership agreement in Indonesia
Freeport McMoran (FCX) has announced that the application process for extending PT Freeport Indonesia’s (PTFI) Special Mining Business License (IUPK) is currently underway, ensuring operations beyond its current contract’s expiration in 2041.
BI interest rate cut accelerates growth in banking sector: Analyst
The decision by the Indonesian Central Bank (BI) to lower the interest rate on September 18, 2024 is projected to give positive impact on the national banking sector.
Nickel downstream industry expansion increasescarbon emission up to 38.5 M tons: IEEFA
Government efforts to encourage massively nickel downstream industry has potential to increase carbon emission in Indonesia because of existing dependence on coal fired power plant in the nickle production operation, a report by the Institute for Energy Economics and Financial Analysis (IEEFA) has revealed.