#Corporate
Presidential candidates in bed with 'Nine Dragons'
Indonesia's wealthy conglomerates, popularly known as the "Nine Dragons", are taking a wait-and-see measure while analyzing the situation before making a decision which presidential candidate they will support in the 2024 general elections.
Antam explores cooperation with EV battery global players
State-owned mining company PT Aneka Tambang (Antam) Tbk continues to explore cooperation with global players in the electric vehicles (EV) industry. The company has taken this measure to utilize the huge potential of EV industry's growth in the future.
Understanding political influence in media industry in Indonesia
There are a few Indonesian politicians own media group while several elected lawmakers come from major media groups. The political stance of media in Indonesia comes into question whenever general elections are approaching. Will they be impartial, biased or lean towards supporting certain political parties or figures? Another interesting question is how the media in Indonesia can create public opinion on important issues?
Domestic cosmetic industry survives, even increases, during COVID-19 pandemic
In nearly the past three years, businesses have juggled to survive amid the ongoing COVID-19 pandemic. When the pandemic hit the world hard, including in Indonesia, governments imposed lockdown, restricted people's movement and consequently limited operational hours of shopping centers.
Garuda Indonesia’s debt problem
In accordance with the specific nature of the establishment of Flight Navigation Service Organizing Agency (LPPNPI) - where income is only based on revenue from the cost of Aviation Navigation Services/PJNP (single revenue) - the availability of periodic cash inflows is very important for investment financing (rejuvenation and modernization of flight navigation aids), the accuracy of equipment performance navigation (calibration) and reliability of human resources (license and certification).
Kadin opens great investment opportunities between China, Indonesia
The Indonesian Chamber of Commerce and Industry (Kadin) has aimed at strengthening Indonesian business with China. Kadin has also committed to build partnerships in order to increase cooperation and prosperity between businesspeople and the government of both countries.
Regulation on PSE solidifies as big tech companies register their services
Indonesia’s censorship and tight internet regulation mission continue with the implementation of the ministry of communication and informatics' Ministerial Regulation no. 5/2020 on Private Electronic System Operators (PSE).
SOEs' subsidiaries continued to be IPOed, privatized amidst controversy
Several Indonesian state-owned enterprises (SEO) will go public in the next few years, according to a senior official. These SEOs include Inalum Operating, a subsidiary of state-owned mining company MIND ID, PT Pertamina Bina Medika (Pertamedika IHC), Pertamina Geothermal Energy, and several subsidiaries of Indonesia's state-run telecommunications company PT Telkom.
Global regulation of carbon market unfair: Investment minister
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the global regulation of the carbon market was unfair, considering the comparison between developed and developing countries in applying the regulation.
Chinese investors pour in billions of dollars to Indonesia's digital market
In recent years, Chinese investors and venture capital firms have invested billions of dollars in Indonesian start-ups and unicorns such as Tokopedia, Gojek, Bukalapak, and Traveloka.
Israel seeks to invest, develop people-to-people relation with Indonesia
Vice-President of the Israel-Indonesia Chamber of Commerce Emanuel Shahaf told Indonesia Business Post that the business and economic relationship between Indonesia and Israel can be complementary, notably in the energy technology, agritech and medical sector.
Miners complain over cheap nickel price
Although the government has set a monthly mineral benchmark price for nickel, nickel miners in Indonesia have not received fair prices for the mineral they sell to smelters.