#General Corporate
Ministry: Indonesia still lacks technology, capital to develop downstream industry
Despite its abundant mineral resource, Indonesia still lacks in term of technology and capital to develop its mineral downstream industry, a senior ministry official says.
Rosan secures US$7.46 billion in investment commitments from Chinese firms
The recent meetings of Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani with eight Chinese giants in the electric car ecosystem in China on December 18-20, 2024 had resulted in a total new investment commitment of US$7.46 billion (Rp120 trillion).
Half a Century of SMBR: Looks to the future amidst pressured national cement industry
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia Group (SIG), is determined to focus on strategic measures to keep up its competitiveness and operational sustainability as well as manage excess production capacity, tight competition and the need for efficiency.
HGII to partner with Shikoku Electric Power on renewable energy generation
PT Hero Global Investment (HGII), a holding company focused on the renewable energy industry in Indonesia, is set to form a strategic partnership with Shikoku Electric Power Company, Inc. (Yonden), a Tokyo Stock Exchange-listed company.
PT PGN LNG Indonesia joins North Papua gasification development project
PT PGN LNG Indonesia, as part of Pertamina's Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region.
Rosan meets giant Chinese firms for EV ecosystem investment acceleration
Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani met with a number of giant Chinese companies within the electric vehicle (EV) ecosystem production chain during his visit to China on December 16-17, 2024.
ASRI partners with Vietnam's Xanh SM to launch electric taxi services in Indonesia
PT Agung Sedayu Retail Indonesia (ASRI), a subsidiary of Agung Sedayu Group, has partnered with Xanh SM, a leading electric taxi service provider from Vietnam, to promote eco-friendly mobility solutions in Indonesia.
SCG works on strategic projects for inclusive sustainable green economy in Indonesia
Thai conglomerate Siam Cement Group (SCG) has unveiled strategic collaborative projects aimed at fostering an inclusive and sustainable green economy in Indonesia.
Sritex declared bankrupt following Supreme Court ruling
PT Sri Rejeki Isman Tbk (SRIL), commonly known as Sritex, has officially been declared bankrupt after the Supreme Court rejected its appeal on Wednesday, December 18, 2024, marking a critical turning point for the textile giant.
Defense University-Wilo hold guest lecture on modern pump technology
The Indonesian Defense University, in collaboration with German pumps and pump systems manufacturer Wilo, held a guest lecture themed "Pump Systems Working Principles and Practical Applications" on Wednesday, December 18, 2024.
Schroders to quit its Indonesian business unit after over 30 years of operation
Schroders, a British global fund manager, is planning to close its business in Indonesia after operating for over 30 years, a move associated with the management overhaul led by new CEO Richard Oldfield, who is focused on streamlining underperforming business units.
BRI assures customer safety amid claim of ransomware attack
PT Bank Rakyat Indonesia (BRI) has addressed claims of a ransomware attack, assuring customers that their data and funds remain secure.