#Corporate
Erick ensures no layoffs following merger of Angkasa Pura I and II
As the government has approved the merger of State airport operators PT Angkasa Pura I and II, Minister of State-Owned Enterprises (SOEs) Erick Thohir ensures that this corporate action will not result in any employee layoffs.
OJK to forcefully merger Bank MNC and Bank Nobu if delays persist
The Financial Services Authority (OJK) may impose a forced merger between PT Bank MNC Internasional (BABP) and PT Bank Nationalnobu (NOBU) if the two banks fail to execute their planned merger.
PGN explores gas optimization from Andaman Block with new pipeline development
State gas distributor PT Perusahaan Gas Negara (PGN) is seizing the opportunity to optimize the gas supply potential from the Andaman Block through the construction of the Dumai-Sei Mangkei gas pipeline, funded by the state budget (APBN).
Solar Power exporter secures conditional license from S’pore government
Vanda RE Pte Ltd, a joint venture company majority-owned by Singapore company Gurīn Energy, announced on Tuesday, September 10, 2024, today that it has been awarded a Conditional License by Singapore’s Energy Market Authority (EMA) to provide electricity to the island state.
PGE unveils new strategy for accelerating Indonesia's geothermal development
PT Pertamina Geothermal Energy (PGE), a subsidiary of State energy company PT Pertamina, has announced a new strategy to accelerate the development of geothermal energy as part of Indonesia's national energy transition.
Pertamina NRE to build bioethanol plant, optimize domestic resources
Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of State energy company PT Pertamina, has proven its seriousness in developing the bioethanol business, formally establishing cooperation with PT Sinergi Gula Nusantara (SGN) and the East Nusa Tenggara (NTT) provincial administration on Thursday, September 5, 2024.
Pupuk Indonesia-PLN-ACWA Power expand collaboration on green hydrogen ecosystem
State fertilizer company PT Pupuk Indonesia, ACWA Power and two subsidiaries of State electricity company PT PLN − PLN Energi Primer Indonesia and PLN Indonesia Power − on Friday, September 6, 2024 signed a Head of Key Terms (HoT) agreement for the procurement of green hydrogen in the development of green ammonia.
DBS Bank Singapore to support Asia's energy transition
DBS Bank Singapore is committed to support energy transition in Asia, which requires significant funding in an attempt to have a strong ecosystem involving players from various industrial sectors.
Pertamina seals agreements on climate change,energy transition cooperation
State energy company PT Pertamina signed four cooperation agreements with local and international companies and institutions on Thursday, September 6, 2024, aimed at supporting the government’s climate change action and energy transition commitment.
Jokowi asks Vale Indonesia to expedite completion of Pomalaa nickel smelter
President Joko “Jokowi” Widodo has asked PT Vale Indonesia (INCO) to accelerate the completion of its high-pressure acid leach (HPAL) nickel smelter project in Pomalaa, Southeast Sulawesi, during a meeting with the company's top executives at the State Palace on Thursday, September 5, 2024.
Five companies delay IPO plans amid BEI investigation
The Indonesia Stock Exchange (BEI) has announced that five companies had postponed their plans for an Initial Public Offering (IPO).
Pertamina International Shipping plans IPO by 2025 to boost revenue growth
PT Pertamina International Shipping (PIS), a subsidiary of State energy company PT Pertamina, is planning to go public through an Initial Public Offering (IPO) on the Indonesia Stock Exchange, aiming for a listing by late 2025 or early 2026.