#Corporate
Defense industry develops well as showcased in Indo Defense Expo & Forum
The domestic defense industry has continued to develop as the government provides ample space for the private sector to help build Indonesia's defense industry, President Joko "Jokowi" Widodo said.
China's coal-fired power plants should be terminated over public concerns
The government should terminate all captive coal-fired power plant projects funded by the Chinese Belt and Road Initiative (BRI) since the projects have yet to comply with China's commitment to cease the development of coal-fired power plants at home and overseas since September 2021. Ironically, several nickel-based industrial parks are powered by coal to produce nickel-based batteries for electric vehicles (EVs).
Michelin allegedly involves in deforestation, intimidation against Jambi local community
French tire company Michelin's local subsidiary, PT Lestari Asri Jaya (LAJ), has been allegedly involved in deforestation and intimidation against local farmers although the company had secured green bonds.
Counting the days for minerals ore export total ban
The government has planned to issue a roadmap and a regulation to fully ban the export of several minerals ores like coppers, tins and bauxite next month. Minister of Investment/Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia said the government was discussing the regulation on the downstream industry system and the economic tree of the downstream industry of minerals.
Presidential candidates in bed with 'Nine Dragons'
Indonesia's wealthy conglomerates, popularly known as the "Nine Dragons", are taking a wait-and-see measure while analyzing the situation before making a decision which presidential candidate they will support in the 2024 general elections.
Antam explores cooperation with EV battery global players
State-owned mining company PT Aneka Tambang (Antam) Tbk continues to explore cooperation with global players in the electric vehicles (EV) industry. The company has taken this measure to utilize the huge potential of EV industry's growth in the future.
Understanding political influence in media industry in Indonesia
There are a few Indonesian politicians own media group while several elected lawmakers come from major media groups. The political stance of media in Indonesia comes into question whenever general elections are approaching. Will they be impartial, biased or lean towards supporting certain political parties or figures? Another interesting question is how the media in Indonesia can create public opinion on important issues?
Domestic cosmetic industry survives, even increases, during COVID-19 pandemic
In nearly the past three years, businesses have juggled to survive amid the ongoing COVID-19 pandemic. When the pandemic hit the world hard, including in Indonesia, governments imposed lockdown, restricted people's movement and consequently limited operational hours of shopping centers.
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).
Kadin opens great investment opportunities between China, Indonesia
The Indonesian Chamber of Commerce and Industry (Kadin) has aimed at strengthening Indonesian business with China. Kadin has also committed to build partnerships in order to increase cooperation and prosperity between businesspeople and the government of both countries.
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.