Tag: General Corporate

The Indonesia Battery Corporation (IBC) is pursuing a stake of approximately 30% to 40% in the electric vehicle battery plant jointly developed by Hyundai and LG in Karawang, West Java. […]

Samudera Indonesia, a publicly-traded shipping company on the Indonesia Stock Exchange, has disclosed plans to expand its fleet by adding a minimum of six new ships by 2024. […]

A recent study jointly released by Alibaba.com and the Malaysia External Trade Development Corporation (MATRADE) titled the “Alibaba.com 2023 Halal Industry Report” has revealed that Indonesia, with its 229 million Muslim population, holds the title of the largest consumer base for halal products in Southeast Asia.  […]

PT WIR Asia Tbk (WIRG), an Indonesian metaverse development company, is planning to invest US$20 million (approximately IDR306 billion) to expand its business in the Philippines over the next five years. The expansion will be carried out through WIR Asia subsidiary, PT Mata Nilai Republik. […]

The Indonesian Government and the Hong Kong Special Administrative Region (HKSAR) has signed 16 memorandum of understanding (MoUs) to strengthen business relations between the two parties. […]

Many of Indonesian exporters have begun to take advantage of the Local Currency Transaction agreement made between Indonesia and several partner countries. […]

Jokowi welcomes Chief Executives of companies in Hong Kong, accompanied by five high-ranking officials, and 30 representatives of various major companies. […]

Economist believed that recent change in the Covid-19 pandemic status to endemic will bring little to no effect in the national economy. […]

PT Vale Indonesia provided an opportunity for more than 11 percent share divestment. However, the company demanded to remain as controlling shareholder. […]

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 […]