#Corporate
Danantara eyes renewable energy investment with Japan’s Mitsubishi Corporation
Indonesia’s sovereign wealth agency, BPI Danantara, is exploring a renewable energy investment partnership with Japan’s Mitsubishi Corporation.
Some listed companies launch rights issues to raise fresh capital
A growing number of Indonesian listed companies are seeking fresh capital through rights issues, officially known as Pre-emptive Rights (HMETD), including PT Indomobil Multi Jasa (IMJS) of the Salim Group, PT Sanurhasta Mitra (MINA), and PT Sarana Menara Nusantara (TOWR).
Danantara yet to finalize investment in Chandra Asri’s chemical plant project
Indonesia’s sovereign wealth fund management agency, BPI Danantara, confirmed that it has not yet finalized the investment amount it may commit to the US$800 million (Rp13 trillion) Chlor Alkali-Ethylene Dichloride (CA-EDC) plant project, currently being developed by a subsidiary of PT Chandra Asri Pacific (TPIA).
Danantara eyes new investment deal with Saudi SWF, expands global partnerships
Indonesia’s sovereign wealth fund management agency BPI Danantara is set to expand its global investment partnerships, with a potential deal with Saudi Arabia’s Public Investment Fund (PIF).
Vale confirms talks, no deal yet with Korean investor in $1.9 billion Sorowako project
PT Vale Indonesia (INCO) has addressed reports regarding the potential entry of a South Korean investor into its Sorowako limonite project, which is currently under construction and valued at approximately US$1.9 billion (Rp31 trillion).
Pertamina partners with U.S. energy giants to boost crude, fuel imports
Refining and petrochemical subholding of State energy company Pertamina, PT Kilang Pertamina Internasional, has set up a collaboration with ExxonMobil, Chevron, and KDT Global Resource to explore the possibility of importing crude oil and refined fuel from the United States.
RI prepares US$38.6 B for priority projects, hands over feasibility paper to Danantara
Chairman of the National Task Force for Downstreaming Acceleration and Energy Resilience, Bahlil Lahadalia, has handed over Pre-Feasibility Study (Pre-FS) documents for 18 priority projects to Rosan P. Roeslani, CEO of Indonesia’s sovereign wealth fund, Danantara.
Danantara gets US$10 B foreign loan backed by SOE dividend stream
CEO of Indonesia’s investment management agency BPI Danantara, Rosan P. Roeslani, reveals that the agency has obtained US$10 billion (Rp163 trillion) in unsecured loans from foreign banks, a feat indicating global investor confidence in the country’s investment authority.
Chinese firm Xinhai invests in Indonesian textile, expected to boost jobs, sustainability
Chinese company PT Xinhai Knitting Indonesia has broken ground on its new textile and textile products (TPT) factory in Brebes, Central Java, marking a significant investment into Indonesia’s manufacturing sector.
SKK Migas offers offshore oil&gas blocks to Chevron amid renewed interest
Indonesia’s upstream oil and gas regulator, SKK Migas, has extended an offer to U.S. energy giant Chevron to explore offshore blocks in Bali, as part of a broader effort to attract major investment into the country’s untapped oil and gas reserves.
KDMP launch to boost BRI’s microfinance reach and stock prospect: Indo Premier
The launch of the Red-and-White Village Cooperative Program (KDMP) by the Indonesian government is expected to deliver a positive impact on the business outlook and stock performance of PT Bank Rakyat Indonesia (BRI).
PT Vale Indonesia awaits 3rd partner for HPAL smelter project in Sorowako
Mining company PT Vale Indonesia (INCO) is still in the process of securing a third partner for its High Pressure Acid Leaching (HPAL) smelter project in Sorowako, East Luwu, South Sulawesi.