#Corporate
Shell Indonesia yet to decide on buying base fuel from Pertamina amid supply shortage
Fuel supply at Shell gas stations across Indonesia remains unavailable and it remains unclear when stock levels will return to normal.
PACK expands into mineral mining with dual acquisitions in Southeast Sulawesi
Plastic packaging producer PT Abadi Nusantara Hijau Investama (PACK) has announced the acquisition of shares in two mineral mining companies located in North Konawe, Southeast Sulawesi, through its two subsidiaries.
Prabowo confers honorary Brigadier General rank on PT Timah CEO
President Prabowo Subianto awarded the honorary rank of Brigadier General to Restu Widyantoro, President Director of State mining company PT Timah during the Indonesian Navy’s 2025 Sailing Pass aboard KRI dr. Radjiman Wedyodiningrat-992 warship on Thursday, October 2, 2025.
Freeport agrees to divest 12 percent shares to Indonesia free of charge
Freeport-McMoRan has agreed to divest 12 percent of its shares in PT Freeport Indonesia to the Indonesian government at no cost, according to Rosan P. Roeslani, CEO of the state-owned investment management agency BPI Danantara.
Vivo cancels base fuel purchase from Pertamina over ethanol content concerns
PT Vivo Energy, operator of Vivo gas stations in Indonesia, has withdrawn from an agreement to purchase imported base fuel from state-owned energy company Pertamina, said Achmad Muchtasyar, Deputy Director of Pertamina Patra Niaga, during a hearing with Commission XII of the House of Representatives on Wednesday, January 10, 2025.
Antam targets US$6 billion nickel downstream, EV battery ecosystem in Indonesia
State-owned mining company PT Aneka Tambang (Antam) has unveiled an ambitious plan to spearhead Indonesia’s nickel downstream industry and establish a complete electric vehicle (EV) battery ecosystem.
Patriot bonds draw major interest from Indonesian conglomerates
Dozens of Indonesia’s wealthiest business figures are reportedly showing interest in the Patriot Bonds issued by the state-owned investment agency BPI Danantara, with funds raised reaching Rp51.75 trillion (US$3.1 billion).
Vivo Energy agrees to source fuel supply from Pertamina
PT Vivo Energy Indonesia (Vivo) has reached an agreement to procure fuel feedstock through a business-to-business (B2B) scheme with Pertamina Patra Niaga (PPN). Under the deal, Vivo committed to absorb 40,000 barrels out of the 100,000 barrels offered by Pertamina.
Shell to exit Indonesian fuel station business by 2026
Shell will withdraw from its fuel station business in Indonesia by 2026, according to an announcement from PT Shell Indonesia, a subsidiary of Shell plc.
Freeport expects Grasberg block cave to resume full operations in 2027 after landslide
Freeport McMoran (FCX), the parent company of PT Freeport Indonesia (PTFI), announced that its underground Grasberg Block Cave (GBC) mine in Papua is unlikely to resume full operations until 2027 after a massive landslide disrupted production earlier this month.
Danantara to partner with Bill Gates on health, education, clean water initiatives
CEO of the Investment Management Agency BPI Danantara, Rosan P. Roeslani, has announced that the agency will partner with Microsoft founder Bill Gates in key sectors of health, education, and water sanitation (WASH).
Prysmian expands renewable energy strategy in SE Asia, finds hurdles in Indonesia
Italian multinational Prysmian Group, a global leader in energy and telecom cable systems, is strengthening its renewable energy (RE) strategy across Southeast Asia to cut emissions and boost operational efficiency.