#Finance
JBIC-funded LNG projects harm communities: Report
A report by a coalition of civil society organizations has alleged that a number of global liquefied natural gas (LNG) projects financed by Japan Bank for International Cooperation (JBIC) had impacted the environment and ivelihood of the surrounding communities.
Menara Syariah-INCEIF collaborate on sustainable Waqf, climate investments
Menara Syariah and INCEIF University held a symposium aimed at bringing together industry experts, scholars, and practitioners in exploring and addressing Islamic finance on Thursday, August 8, 2024.
Bank Danamon targets double-digit loan growth in 2024
A senior officer with PT Bank Danamon Indonesia (BDMN) reveals that the bank aims for double-digit loan growth in 2024 upon monitoring positive trend of the bank's lending so far.
Current policies are hindering progress, and government incentives will be essential to support coal companies' energy transition: Ashok Mitra
Ashok Mitra, serves as the CEO of Kaltim Prima Coal (KPC) and COO of Bumi Resources Tbk, a company owned by the Indonesian conglomerate, Bakrie Group. With extensive experience in the mining industry, Mitra has been pivotal in leading one of Indonesia's largest coal producers. In this interview, Mitra shares his insights with Indonesia Business Post, discussing his long-term vision for coal mining companies in the context of Indonesia's energy transition.
BNI allocates Rp1.9 trillion for IT enhancement to boost digital security
PT Bank Negara Indonesia Tbk (BNI) has allocated a capital expenditure (capex) of Rp 1.9 trillion (US$117 million) for information technology (IT) enhancement this year aimed at bolstering digital security, particularly for customer data.
BI-ASEAN Central Banks complete phase 3 blueprint of Project Nexus
The Indonesian Central Bank (BI), along with the central banks of four other ASEAN countries, has completed the Phase 3 blueprint of Project Nexus, aimed at enabling participating countries to achieve faster and smoother domestic instant payment interconnections.
PLN secures global funding forelectrification, renewable energy development
State electricity company PT PLN has secured a lending facility from a consortium of the World Bank, Canada Clean Energy & Forest Climate Facility and Clean Technology Fund amounting to US$581.5 million for increased access to electrification in the country, energy transition programs and the company's digitization.
Pertamina books US$ 4.77 billion profit in 2023
State energy company PT Pertamina recorded positive performance in 2023, booking a total profit of US$ 4.77 billion (Rp 72.7 trillion), an increase by 17 percent from 2022, and its earnings before interest, tax, depreciation and amortization (EBITDA) at US$14.36 billion, a six-percent increase from the 2022 figure.
RI ‘does not seek operational control’ in permit extension talks with Freeport
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia has maintained that the Indonesian government does not seek control of PT Freeport Indonesia operation during the negotiation for extension of the company's special mining business permit after 2041.
Delta Dunia Group acquires Atlantic Carbon Group
Jakarta − PT Delta Dunia Makmur, through American Anthracite SPV I, LLC, a subsidiary of BUMA International, has signed a Stock Purchase Agreement (SPA) for acquisition of Atlantic Carbon Group, Inc (ACG), the second largest Ultra High Grade (UHG) anthracite producer in the United States.
AC Ventures: Solar energy is still at a very early stage in SE Asia
JAKARTA, May 27, 2024 − Fossil fuels continue to dominate Southeast Asia’s energy sector, controlling around 83 percent of the region’s energy mix and largely overshadowing the 14.2 percent contribution from renewables. Among these, solar energy remains underutilized. While Vietnam has made significant strides, achieving an impressive 20.5 percent share of its power from solar, Indonesia still lags substantially, with less than 1 percent.