#Corporate
Pertamina NRE seals deal with Dutch HyET group on renewable energy innovation
Renewable energy subholding of State oil and gas company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE), has signed a memorandum of understanding (MoU) with Dutch company HyET Group, for the development of renewable energy (RE) in Indonesia through technological innovation.
Indika Energy establishes new subsidiary in bio-based chemical industry
Energy company PT Indika Energy (INDY) has established a new subsidiary, PT Tripatra Bioenergi Angkasa (TBA), to expand into the chemical industry.
Seven firms in IPO pipeline as gold, property subsidiaries prepare to list
The Indonesia Stock Exchange (IDX) has reported that seven companies are in the pipeline to launch initial public offerings (IPO).
Telkom’s 10th BATIC Forum draws global digital leaders, flashes on AI and connectivity
State telecommunications company, PT Telkom Indonesia, through its carrier services subsidiary Telin, is holding the 10th Bali Annual Telkom International Conference (BATIC), drawing hundreds of business leaders from across the globe.
Bank Mandiri welcomes BI rate cut, strengthens focus on healthy, inclusive credit growth
State-owned Bank Mandiri has welcomed the Indonesian Central Bank’s (BI) decision to lower the benchmark BI Rate by 25 basis points to 5.00 percent, calling it an accommodative step to maintain economic stability amid global uncertainties.
Danantara Indonesia to issue US$3.1 billion “Patriot Bonds” for strategic projects
The country’s investment management agency BPI Danantara, or Danantara Indonesia, is preparing to launch Patriot Bonds up to US$3.1 billion (Rp50 trillion), which will be allocated to several national strategic projects, including large-scale waste management.
Forestry ministry: PT Sumber Permata Sipora has no permit yet on Sipora Island
The Ministry of Forestry clarifies that PT Sumber Permata Sipora (SPS) has not yet obtained a Forest Utilization Business Permit (PBPH) to operate on West Sumatra’s Sipora Island, but only a commitment approval issued on March 28, 2023, covering 20,710 hectares − or 33.66 percent of the island’s total area.
PTPP secures Rp3.35 T gas-fired power plant project in Batam
State-owned construction firm PT PP (PTPP) has secured a new contract worth Rp3.35 trillion (US$206 million) to build a combined cycle gas turbine power plant (PLTGU) for State electricity company PT PLN in Batam, Riau Islands.
Eramet: Collaboration with INA, Danantara continues
Mining company Eramet Indonesia has confirmed that collaboration with the Indonesian Investment Management Agency (INA) and Sovereign Wealth Agency Danantara Indonesia is underway and will continue into the future, citing ongoing cooperation to establish a strategic investment platform in the nickel sector, from upstream to downstream operations.
SKK Migas launches multi-party gas swap to safeguard domestic supply
The Upstream Oil and Gas Regulatory Task Force ( SKK Migas) announced that the country has since Friday, August 22, 2025, begun channeling gas through a multi-party swap mechanism, in an effort to secure domestic supply amid projected shortfalls later this year.
Elnusa–PDSI merger plan seen as potential growth catalyst for Pertamina Group
Market speculation about a potential merger between Pertamina Group companies − PT Elnusa (ELSA) and PT Pertamina Drilling Services Indonesia (PDSI) − has grown stronger, with analysts viewing the move as a potential inorganic growth driver for Elnusa.
Pertamina subsidiary KPI joins Patra SK ownership to boost energy independence
Refinery and petrochemical arms of State energy company Pertamina, PT Kilang Pertamina Internasional (KPI), has acquired a 14 percent stake in PT Patra SK, a base oil lubricant company, from SK ENMOVE Co., Ltd, a move meant to create stronger integration within its supply chain and production.