Friday, February 3, 2023

Tag: General Corporate

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, […]
Media is a changing and evolving industry that creates jobs, goods and services, and revives related industries. Media is also an industry in itself that has rules and norms that link these institutions to society and other social institutions. Media behavior cannot be separated from the interests of the parties associated with the media system. These parties are media workers […]
Franchising has become one of the most prominent business models in recent years, particularly in sectors such as food & beverage (F&B), education, fashion and modern lifestyle. The franchise business model is becoming an increasingly popular method of entering the Indonesian market for both local and foreign investors. Foreign retail brands and service providers who have seen weak demand in […]
Airline rental prices by airlines in Indonesia have recently sparked public curiosity. Based on SINDOnews’ search, the price of aircraft rental is indeed high. Aircraft rental prices vary depending on the type of aircraft, ranging from Rp. 1.7 billion to more than Rp. 18 billion per month. Although expensive, aircraft rental is indeed the cheapest option for local airlines to […]
In an agreement between the parties or a business relationship, there is always the possibility of a dispute arising. In Indonesia, in the process of resolving disputes between the parties, there are several ways that can usually be chosen, among others, through litigation (courts) or non-litigation channels (mediation, negotiation, conciliation, consultation, expert judgment, and arbitration). Talking about arbitration or arbitration […]
The government needs to adjust the electricity tariff provided by PT Perusahaan Listrik Negara (Persero) in order to maintain continuity. the business of providing electricity, improving the quality of service to consumers, increasing the electrification ratio, and encouraging more targeted electricity subsidies for household customers as well as the implementation of tariff adjustments for electricity. PT PLN (Persero) noted that […]
Electric power distribution is the final stage in the delivery of electric power. The distribution substation is connected to the transmission system and lowers the transmission voltage using a transformer. Distribution substation is one of the components of a PLN distribution system that functions to connect the network to consumers or to distribute electric power to consumers or customers, both […]
Currently, the fishery sector has not been ogled by various groups. In fact, fishery potential can make a country developed and prosperous. The potential of marine and fishery resources in small islands and/or border areas is very likely to be utilized for the benefit of the sustainability of marine and fishery resources as well as efforts to improve community welfare. […]
The electricity sector is considered vital and strategic. Because of this, the operation of electricity is controlled by the state and carried out by State-Owned Enterprises and Regional-Owned Enterprises, the main one being PT Perusahaan Listrik Negara (Persero) (PLN). To increase the supply of electricity, the private sector is also allowed to participate in the sector. The government requires the […]
The more rapid the development of the economy and trade, the more debt problems that arise in the community. For most companies, the postponement of Debt Payment Obligations (PKPU) and bankruptcy are two things that become a solution when a business is entangled in financial problems or debts. The purpose of PKPU itself is to be able to achieve peace […]
The term cryptocurrency (crypto) or cryptocurrency may have been discussed recently. Cryptocurrencies are an increasingly popular alternative to online payments. Cryptocurrency is a digital asset designed to work as a medium of exchange using strong cryptography to secure financial transactions, control the creation of additional units, and verify asset transfers. The most famous crypto currency is bitcoin, besides bitcoin there […]
Along with the development of the mining business, the Government feels that exports of mining products resulting from processing and refining need to be adjusted to legal conditions and needs. Based on these considerations and to provide business certainty and increase the added value of mining product exports, it is necessary to regulate the provisions on the export of mining […]
Corporate law is the law that regulates all matters regarding the company and its business activities. It is important for business actors to study company laws in order to regulate and protect businesses from various risks that may occur in the future. It is important to know the form of business, the responsibilities of the Board of Directors and the […]
The activity of borrowing money has been carried out for a long time in people’s lives who have known money as a means of payment. Most of the lending and borrowing activities related to the requirements for the submission of loan guarantees are carried out by individuals and various business entities. Business entities generally expressly require the borrower to submit […]