#Corporate
Garuda Indonesia’s debt problem
In accordance with the specific nature of the establishment of Flight Navigation Service Organizing Agency (LPPNPI) - where income is only based on revenue from the cost of Aviation Navigation Services/PJNP (single revenue) - the availability of periodic cash inflows is very important for investment financing (rejuvenation and modernization of flight navigation aids), the accuracy of equipment performance navigation (calibration) and reliability of human resources (license and certification).
Regulation on PSE solidifies as big tech companies register their services
Indonesia’s censorship and tight internet regulation mission continue with the implementation of the ministry of communication and informatics' Ministerial Regulation no. 5/2020 on Private Electronic System Operators (PSE).
SOEs' subsidiaries continued to be IPOed, privatized amidst controversy
Several Indonesian state-owned enterprises (SEO) will go public in the next few years, according to a senior official. These SEOs include Inalum Operating, a subsidiary of state-owned mining company MIND ID, PT Pertamina Bina Medika (Pertamedika IHC), Pertamina Geothermal Energy, and several subsidiaries of Indonesia's state-run telecommunications company PT Telkom.
Global regulation of carbon market unfair: Investment minister
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the global regulation of the carbon market was unfair, considering the comparison between developed and developing countries in applying the regulation.
Chinese investors pour in billions of dollars to Indonesia's digital market
In recent years, Chinese investors and venture capital firms have invested billions of dollars in Indonesian start-ups and unicorns such as Tokopedia, Gojek, Bukalapak, and Traveloka.
Israel seeks to invest, develop people-to-people relation with Indonesia
Vice-President of the Israel-Indonesia Chamber of Commerce Emanuel Shahaf told Indonesia Business Post that the business and economic relationship between Indonesia and Israel can be complementary, notably in the energy technology, agritech and medical sector.
Miners complain over cheap nickel price
Although the government has set a monthly mineral benchmark price for nickel, nickel miners in Indonesia have not received fair prices for the mineral they sell to smelters.
Prabowo's brother's company is developing biorefinery and water facility in future capital
The Arsari Group, a company owned by Hashim Djojohadikusumo, the brother of Defence Minister Prabowo Subianto, is developing biorefinery projects in East Kalimantan province, close to the upcoming Indonesian capital.
Local workers lose out to Chinese workers
As a result of establishing the nickel-related industrial park in Morowali, Central Sulawesi, by an Indonesia-China joint venture in 2013 and multiple other Chinese investments, hundreds of thousands of Chinese workers have entered Indonesia in a massive influx, sparking controversy among Indonesians.
Current policies are hindering progress, and government incentives will be essential to support coal companies' energy transition: Ashok Mitra
Ashok Mitra, serves as the CEO of Kaltim Prima Coal (KPC) and COO of Bumi Resources Tbk, a company owned by the Indonesian conglomerate, Bakrie Group. With extensive experience in the mining industry, Mitra has been pivotal in leading one of Indonesia's largest coal producers. In this interview, Mitra shares his insights with Indonesia Business Post, discussing his long-term vision for coal mining companies in the context of Indonesia's energy transition.
I find great fulfilment working in developing markets, I truly enjoy witnessing the impact of our efforts: François de Maricourt
François de Maricourt, a key-man in HSBC Indonesia, as a President Director. He is a French national with over two decades of experience in international banking. Through this interview, Maricourt has opened up to Indonesia Business Post on his hopes, ambitions and challenges in life and his perspective in the banking sector giving opportunities within the Indonesian market.