Monday, June 5, 2023

Tag: General Corporate

MDI Ventures will work with Antler Germany to encourage the development of deep-tech start ups in Indonesia. […]
The IHRS Summit 2023 event will highlight the importance of sense of crises and provide solutions for professionals on how to develop a good sense of crisis. […]
PT Chandra Asri Petrochemical joint forces with Indonesia Investment Authority to develop a world class alkali plant in Indonesia. The plant is essential to improve Indonesia’s electric vehicle battery industry. […]
PT Industri Baterai Indonesia cooperates with companies from China and South Korea to develop electric vehicle battery from the upstream to the downstream. […]
PT Freeport Indonesia warns the government about potential IDR 57 trillion of losses if ores are banned from export. […]
Indonesia and Egypt signed a contract on cocoa export worth IDR 717 million and hoped that it would continue for years to come. […]
Hyundai made an agreement with Indonesian energy company Adaro to invest in a 1.1 GW power plant and smelter construction in North Kalimantan […]
A member of the House of Representatives urged Freeport to finish constructing its smelter and not to play around with the law. […]
A member of the House of Representatives urged Freeport to remove Tony Wenas from CEO position for failing to finish smelter construction. […]
PT Freeport Indonesia is doing its best to speed up the completion of the copper smelter in Gresik, East Java, ahead of the government’s plan to ban the export of copper ores and concentrate in June 2023. Chief Executive Officer of PT Freeport Indonesia Tony Wenas said the company had secured a commitment from the chairman of Japan’s Chiyoda Corporation, […]
Labour Party President Said Iqbal explained the rejection of the Omnibus Law on Job Creations was based on several reasons. […]
A massive nationwide strike will certainly affect production and will have major impact on the economy. […]
Air Product and Chemical Inc. has decided not to pursue two downstream coal development projects in Indonesia. The company decided to withdraw from its coal gasification into DME collaboration with PT Bukit Asam Tbk (PTBA) and PT Pertamina. It also decided not to continue their engagement in developing methanol gas production facility in cooperation with Bakrie Group companies, PT Kaltim […]
The Ministry of Communications and Information is promoting the acceleration of national digital transformation through national startup because Indonesia has a great opportunity to achieve digital economic independence. Data shows that Indonesia has experienced faster digital economic growth, compared to other Southeast Asian countries. […]
Tourism sector in Indonesia is open to investment opportunities, according to Minister of Tourism and Creative Economy Sandiaga Salahudin Uno. He said his ministry has focused on accessibility, infrastructure and amenities for investment in tourism sector. […]
The government has planned to grant contract extension for PT Freeport Indonesia when the current contract expires in 2041. The extension of the contract is granted earlier than scheduled because the government considers the economic feasibility of Freeport underground mining Grasberg project. The government has also planned to provide export tax reduction to the mining company. […]
The Ministry of State Owned Enterprises officially launched PLN’s holding and subholding on September 21, 2022. As a result of this initiative, PLN will become a future-oriented, innovative and technology-based energy company. […]
Nickel mining company PT Vale Indonesia Tbk has agreed to collaborate with China’s Zhejiang Huayou Cobalt Co. Ltd. to develop a smelter with High Pressure Acid Leaching (HPAL) technology in Sorowako, South Sulawesi. The two companies’ cooperation has started early this year. Huayou conducted the feasibility study, which has resulted in a positive outcome. […]
State-owned mining company PT Aneka Tambang Tbk (Antam) is developing a plant and smelter to process Mix Sulphide Precipitate (MSP) as a raw material to produce precursors or cathodes for electric vehicle batteries. […]
Governors of South Sulawesi, Southeast Sulawesi and Central Sulawesi have rejected the extension of the contract of work of nickel mining company PT Vale Indonesia Tbk. They also requested the government to hand over the concession to the provincial administration owned enterprises (BUMD). “We considered that there should not be an option for the extension for them [Vale],” South Sulawesi Governor […]
PT Vektr Teknologi Mobilitas (VKTR), a Bakrie Group electric vehicle company, will do an IPO this year. Anindya Bakrie, Chairman of PT Vektr Teknologi Mobilitas, announced that the company plans to initiate an initial public offering on the Indonesian stock exchange by the end of November 2022. However, he refused to provide details about the plan. “Later, it is […]
PT Vektr Teknologi Mobilitas (VKTR), a subsidiary of Bakrie and Brothers conglomeration, will supply electric bus fleet to West Java-owned enterprise PT Jasa Sarana. VKTR Chairman Anindya Bakrie said the company would provide solutions to reduce emissions from public transportation. […]
PT Kayan Hydro Energy and Japan’s Sumitomo Corp. will build a US$17 billion 9,000MW power plant, the largest in Southeast Asia. The hydropower plant will be integrated with the Industrial Estate and Port Tanah Kuning-Mangkupadi in North Kalimantan. […]
Following the separation from its holding company, MIND ID, PT Indonesia Asahan Aluminium plans to launch an initial public offering (IPO). According to Niko Chandra, MIND ID’s Head of Institutional Relations, the shareholder (the state of Indonesia) will take corporate action to separate MIND ID from Inalum Operating. MIND ID will be a separate legal entity as a strategic holding […]
PT Indonesia Infrastructure Finance offers financing opportunities to foreign investors and companies who desire to finance their projects in Indonesia. Indonesia Infrastructure Finance’s Chief Executive Officer, Reynaldi Hermansjah, said that foreign investors could apply for financing through the company if they have a feasibility study on a project with potential success. “For example, the owner of a data center project […]
One of the industrial sectors showing significant growth in Indonesia is health and beauty products. Especially beauty products have become an indispensable feature of an individual’s lifestyle. In addition, the growing awareness of individual beauty is one of the main driving factors for the use of beauty products in the global market. Together with everyone, both women and men, there […]
The trend of Non-Fungible Tokens or NFT is being discussed. NFT is a digital asset that resides in a blockchain. Blockchain is a combination of a lot of data located around the world, which then records the digital footprint of a cryptocurrency and can even record the track record of intellectual property rights that have been created digitally. Blockchain technology […]
Agriculture has contributed 13.70% to GDP in 2016 including Fisheries & Livestock and the number employed in the Sector is 46 million. Foreign investors wishing to operate in Indonesia are allowed to explore the possibilities offered by the agricultural industry, one of the most productive sectors of the economy today. Foreigners must comply with the Cultivation Rights Act under which […]
Now PT Perusahaan Listrik Negara (Persero) (“PLN”) and other electricity companies that want to increase their business by selling electricity across countries have been allowed by the government on condition that local electricity needs have been met, but it also has to get the permission of the Minister of Energy and Mineral Resources first. However, some time ago, the Minister […]
The tourism service business is one of the most potential business opportunities in Indonesia. In fact, almost all tourism services in Indonesia are full of enthusiasts. This bustling business cannot be separated from the fact that Indonesia has extraordinary natural beauty, along with its cultural diversity and uniqueness which is now an attraction for domestic and foreign tourists. On average, […]