#Corporate
Government appoints state-owned banks and ministries to implement coal collect-channel scheme, bringing hope to coal companies
The government is appointing state-owned banks and ministries to implement and manage the collect-channel scheme in coal management in the country, for export as well as the domestic market obligation (DMO).
Indonesia to import 60,000 tons of lithium from Australia and offers involvement in battery production
Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, openly discussed the Indonesian government's plan to import 60,000 tons of lithium from Australia. This move is aimed at supporting Indonesia's ambition to become the "King" of electric vehicles worldwide.
Indonesia and Japan amends partnership agreement in hope to improve trade and investment
Indonesia and Japan have agreed to amend the Indonesia-Japan Economic Partnership Agreement (IJEPA). Amendment to the agreement has the potential to increase Indonesia's fisheries exports to Japan.
Garuda Indonesia's profits are illusionary, according to economists
The Forbes 2000 list for the year 2023 listed Garuda in the 1,572nd position in the list of the world's top 2,000 promising public companies. Garuda made it into the Forbes list alongside 42 other airlines, aerospace, and defense companies.
Freeport halts operation as export permit remains unclear
PT Freeport Indonesia is still unable to resume copper concentrate exports, despite the government granting export permit relaxation through Ministerial Regulation No. 7/2023 regarding the Continuation of the Development of Metal Mineral Refining Facilities in the Country.
Indonesia's Industrial Confidence Index reached highest point in June 2023 as manufacturing industry expands and businesses show more optimism
The Ministry of Industry recorded that the Industrial Confidence Index (Indeks Kepercayaan Industri - IKI) had reached a score of 53.94 in June 2023, showing an increase of 3.03 points compared to the previous month's score of 50.90.
70 companies join KADIN's Net Zero Hub program
As many as 70 companies have registered in the Net Zero Hub program initiated by the Indonesian Chambers of Commerce and Industry (KADIN).
Businesses denied government claim on bauxite smelter construction being neglected
Bauxite producers asserted that smelter construction projects are ongoing and rejected the government's accusation saying that smelter projects have been neglected because of the recent export ban.
Indonesian government set deadline for Vale divestment
The Ministry of Energy and Mineral Resources has set a deadline for PT Vale Indonesia Tbk (INCO) until the end of 2024 to submit a proposal for divestment price.
TikTok invests US$ 10 billion in Indonesian MSMEs as a gesture of gratitude
TikTok invests US$ 10 billion (IDR 148 trillion) to help micro, small and medium enterprises (MSMEs) in Indonesia, as a form of appreciation to the Government of Indonesia for their support for TikTok.
Megawati's son in law under scrutiny for involvement in corruption case
Muhammad Yusrizki, Chair of the Standing Committee on Renewable Energy of the Indonesian Chamber of Commerce and Industry (Kadin) and President Director of PT Basis Utama Prima, was detained by the Attorney General's Office (AGO).
I believe it takes courage to meet your fate: Achraf Hegazy
For this edition of CEO & Leader, Indonesia Business Post sits together with Achraf Hegazy, Country Manager of Legrand Indonesia. During this interview, Achraf shares with us his experience, which among other the acquisition of an Indonesian company. Achraf also shared with us his perspective regarding the various criteria that entrepreneurs must unlock in order to be successful in the Indonesian market.