#Corporate
Pertamina seals deal with China’s Daqing oilfield for enhanced oil recovery collaboration
Indonesia’s state-owned energy company PT Pertamina has set up partnership with China’s Daqing Oilfield Co., Ltd. to implement chemical injection technology under the Enhanced Oil Recovery (EOR) method a memorandum of understanding (MoU) signed on Tuesday, October 14, 2025.
Arsari Tambang targets Rp 7 T mine acquisition in Canada, backed by new trade pacts
PT Arsari Tambang plans to acquire a mining asset in Canada as part of its international expansion strategy, with the deal expected to be finalized by mid-2026, according to President Director Aryo Djojohadikusumo.
Garuda Indonesia announces major leadership reshuffle to strengthen performance
National flag carrier PT Garuda Indonesia has undergone a major leadership shake-up following an Extraordinary General Meeting of Shareholders (EGMS) held on Wednesday, October 15, 2025.
Prabowo signs new regulation on Indonesia’s carbon market, emission control framework
President Prabowo Subianto has signed Presidential Regulation (Perpres) No. 110/2025 on the Implementation of Carbon Economic Value (NEK) and National Greenhouse Gas (GHG) Emission Control, marking a significant milestone in Indonesia’s climate policy reform.
PLN EPI, Biomassa Energi, Poland’s G7 Group ink deal to boost Indonesia’s biomass exports
State-owned energy company PT PLN Energi Primer Indonesia (PLN EPI) has signed a Memorandum of Understanding (MoU) with PT Biomassa Energi Group (BEG) and G7 Group SP.Z.O.O from Poland to strengthen Indonesia’s biomass supply chain and export capabilities to global markets, particularly in Asia and Europe.
Palm oil tycoon Surya Darmadi offers Rp10 T asset donation to Danantara
Convicted businessman Surya Darmadi, owner of PT Duta Palma Group, has expressed his intention to donate palm oil plantations and factories worth Rp10 trillion (US$602 million) in West Kalimantan to the Indonesian sovereign investment authority (BPI Danantara).
Neo Energy eyes Mega IPO of over Rp5 T, aims to lead Indonesia’s green nickel revolution
PT Anugrah Neo Energy Materials (ANEM) is reportedly preparing a massive initial public offering (IPO) on the Indonesia Stock Exchange (IDX), with potential proceeds estimated to exceed Rp5 trillion (US$301.5 million).
LiuGong to build US$317 M electric heavy equipment plant, support Indonesia’s industrial downstreaming
Chinese heavy equipment manufacturer LiuGong Machinery has reaffirmed its long-term commitment to Indonesia through a major investment aimed at building one of the nation’s largest and most advanced heavy equipment manufacturing facilities.
Freeport’s Grasberg Mine remains shut following landslide, government launches full audit
Energy and Mineral Resources Minister Bahlil Lahadalia confirmed that operations at PT Freeport Indonesia’s (PTFI) Grasberg mine remain suspended following a fatal landslide at its Grasberg Block Cave (GBC) underground site last month.
Ardhantara to inject renewable energy assets into Futura Energi Global
Indonesia’s Ardhantara Group, the new controlling shareholder of PT Futura Energi Global (FUTR), plans to inject renewable energy assets into the publicly listed energy firm, including the Gunung Slamet geothermal project currently being developed by its subsidiary PT Sejahtera Alam Energy (SAE).
Prabowo inaugurates leadership structure of new SOEs regulatory agency
President Prabowo Subianto inaugurated the leadership structure of Indonesia’s newly established State-Owned Enterprises (SOEs) Regulatory Agency (BP BUMN) in a ceremony held at the Presidential Palace in Jakarta on Wednesday, October 8, 2025.
Superbank denies go-public for 2025 IPO despite strong signals
PT Super Bank Indonesia, better known as Superbank − a digital bank under PT Elang Mahkota Teknologi (Emtek Group) − is reportedly preparing to go public on the Indonesia Stock Exchange (IDX) through an initial public offering (IPO) following plans for an investor education meeting in mid-October 2025.