#Corporate
Kasikornbank targets THB200 billion in green financing by 2030
Kasikornbank (KBank), one of Thailand's largest banks, has set an ambitious target to provide THB200 billion (Rp92 trillion) in green financing by 2030, viewing climate action as a promising business opportunity.
AI effects, jobs lost and the need for workers to adapt
As the world is anticipating the potential of 85 million jobs lost by 2025 amidst aggressive invasion of Artificial Intelligence (AI) and technological advances, global workforce, in particular Indonesian workers, need not to stand still, but positively respond to this unavoidable global phenomenon.
RAJA expands downstream oil and gas with new plant project
PT Rukun Raharja (RAJA) is broadening its presence in downstream oil and gas sector by offering a Booster Compression Plant (BCP) rental service to support the development of Kampung Baru in the Sengkang Block, Wajo regency, South Sulawesi.
Energi Mega Persada completes acquisition of Sengkang gas block rights
PT Energi Mega Persada (ENRG), a Bakrie Group-affiliated company, has officially acquired all participating rights in the Sengkang oil and gas block.
Pertamina International Shipping leads ASEAN Shipping Industry Digitalization
Digital transformation of PT Pertamina International Shipping (PIS), a subsidiary of state-owned energy company Pertamina, has gained appreciation and recognition from global shipping industry players upon its success in developing a claim module system in ship operations.
BNI clarifies potential stake in Hibank by Sea Group
PT Bank Negara Indonesia (BBNI) has addressed the speculation surrounding Sea Group, the parent company of Shopee, potentially becoming a minority shareholder in PT Bank Hibank Indonesia.
CSI and PIS sign MoU to explore strategic partnership in marine logistics
PT Chandra Shipping International (CSI), a subsidiary of PT Chandra Daya Investasi (CDI) in the shipping and logistics sector, has signed a Memorandum of Understanding (MoU) with PT Pertamina International Shipping (PIS) to explore a feasibility study for potential collaboration in chemical, bitumen, and other maritime transport and logistics operations.
Summarecon Agung strengthens subsidiary with Rp485.57 billion capital injection
PT Summarecon Agung (SMRA) has injected an additional Rp485.57 billion (US$31 million) into its subsidiary, PT Summarecon Property Development (SMPD), as part of a strategic move to bolster its growth.
Elang Mahkota Teknologi increases stake in Bukalapak with Rp1.17 trillion investment
PT Elang Mahkota Teknologi (EMTK), a company affiliated with Indonesian conglomerates Eddy K. Sariaatmadja and Anthoni Salim, has expanded its stake in PT Bukalapak.com (BUKA) by acquiring 9.83 billion shares.
Mining consortium to invest in new capital Nusantara
Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia and Investment Minister Rosan Roeslani, accompanied by a group of prominent business leaders, met with President Joko “Jokowi” Widodo at the Presidential Palace in Jakarta on Wednesday, October 9, 2024 discussing investments in the new capital, Nusantara, in East Kalimantan.
Analyst: Power wheeling will increase Indonesia’s investment climate
Government’s plan to apply power wheeling or joint use of power network in the new and renewable energy bill has the potential to attract investors to invest in Indonesia as can be seen in the increased number of global companies committed to use 100 percent of renewable energy, an analyst says.
IMA: Indonesia books a surplus in copper production amidst global deficit
Indonesia is having a surplus in copper production with the existing copper smelters capable of producing 1.3 million tons of copper cathode a year, far above the local market need of 250,000 tons that Indonesia needs to take advantage of global copper commodity deficit in the next couple of years at the time when the need for green technology of copper as raw materials increases.