#Corporate
SKK Migas gathers contractors, presses for hike in oil and gas lifting
Head of the Upstream Oil and Regulatory Task Force (SKK Migas), Dwi Soetjipto, recently gathered CEOs of oil and gas contractors (KKKS) for a briefing in Jakarta, asking them to contribute for the increase in national oil and gas production.
Garuda Indonesia - Vietnam Airlines agree to expand network in SE Asia
National flag acrrier Garuda Indonesia is striving to expand its flight network, particularly in Southeast Asian region, this time through strengthened synergy with Vietnam Airlines.
OJK cancels Investree's license, freezes CEO's accounts and assets
The Financial Services Authority (OJK) has revoked the business license of fintech company PT Investree Radika Jaya (Investree) for violations of the authority’s regulation.
WIKA secures Rp15.5 T in new contracts for infrstructure development
PT Wijaya Karya (WIKA) has secured new contracts worth Rp15.5 trillion (US$996 million) by October 2024, with significant contributions from the infrastructure and building segments and key sectors like industry, property, and Engineering, Procurement, and Construction (EPC).
Govt told to develop technology for energy self-sufficiency achievement
The administration of President Prabowo Subianto needs to secure new and renewable energy (EBT) technology in order to achieve energy self sufficiency and sovereignty, an expert says.
Parliament, ministry asked to review ‘Power Wheeling’ scheme in EBT bill
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has requested the parliament and the ministry to review the power wheeling scheme in the new and renewable energy (EBT) bill in regards with Law No. 30/2009 which stipulates that it is state owned power utility (PLN) that has authority to distribute electricity to the consumers in affordable price.
Riding in "Maung Garuda”, Prabowo exhibits commitment to domestic defense industry
President Prabowo Subianto exhibited his commitment to promoting domestic products by riding in Maung Garuda, an SUV produced by state-owned military vehicle producer PT Pindad, while leaving the People’s Consultative Assembly (MPR)/House of Representatives (DPR) complex upon his inauguration as the country’s 8thpresident on Sunday, October 20, 2024.
Danone Indonesia collaborates with APL, RHJ in food waste management
Danone Specialized Nutrition (SN) Indonesia on Friday, October 18, 2024, set up cooperation with PT Anugerah Pharmindo Lestari (APL) and PT Ray Hikmah Jaya (RHJ) in food waste management by reusing powdered milk that is not absorbed by the market.
IBC and CBL strike a deal on battery cell manufacturing
PT Industri Baterai Indonesia (IBC) is making significant strides in the battery industry by signing an interim agreement and establishing a joint venture for battery cell manufacturing with CBL International Development Pte Ltd.
Pertamina and Rosneft set for FID on refinery project next month
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has revealed that Indonesian state energy company PT Pertamina and Russian energy company Rosneft are expected to decide on their Final Investment Decision (FID) next month.
Chandra Asri partners with Glencore to acquire SECP
Through its partnership with Glencore plc, PT Chandra Asri Pacific (Chandra Asri Group) has acquired Shell Energy and Chemicals Park (SECP) in Singapore.
Musim Mas Group allocates EUR4.7 million to support oil palm smallholders
Musim Mas Group, in partnership with the Livelihoods Fund for Family Farming (L3F), non-profit organization SNV Indonesia, and global research institution ICRAF, has committed EUR4.7 million (Rp79 billion) to enhance the capacity of independent oil palm smallholders.