#General Corporate
Gregory Hendra Lembong tipped to become CEO of BCA
PT Bank Central Asia (BCA) is reportedly planning to reorganize its board of directors by the end of 2024, with Gregory Hendra Lembong being anticipated as a strong candidate for the position of BCA’s President Director, succeeding Jahja Setiaatmadja, who is speculated to assume the role of BCA’s President Commissioner.
HGII expects to raise Rp299 billion for hydroelectric projects business expansion
Renewable energy company PT Hero Global Investment (HGII) will hold an initial public offering (IPO), with 1.3 billion shares on offer targeting fresh funds of Rp299 billion (US$18.5 million).
Monitoring needed for transition period of subsidized fertilizer distribution reform
A researcher has suggested the imposition of a transition period for the implementation of government-planned major reforms in the subsidized fertilizer distribution system.
Eight injured over land dispute in Rempang Investment Project
Eight residents of Rempang Island in Riau Islands Province were injured and dozens of motorized vehicles were damaged after dozens of people attacked local residents early Wednesday morning, December 18, 2024 over a land dispute in an investment project.
CREA: Most Indonesia's steel industry highly emitting, competitiveness at stake
The Indonesian Steel industry needs to shift to low carbon technology in order to compete in global market, considering the iron and steel export value is higher than import and the European Union is determined to impose Carbon Border Adjustment Mechanism (CBAM), a research institution has suggested.
Bukit Asam-UGM team up to develop low-calorie coal into humic acid for fertilizer
State-owned coal mining company PT Bukit Asam (PTBA) is collaborating with the Gadjah Mada University (UGM) for research and development of low-calorie coal into humic acid.
KPPU uncovers alleged collusion in Jakarta-Bandung high-speed train tender involving CRRC Sifang and Anugerah Logistik Prestasindo
The Business Competition Supervisory Commission (KPPU) has detected alleged collusion in the Jakarta-Bandung (Whoosh) high-speed train procurement project involving PT CRRC Sifang Indonesia, a China PR company; and PT Anugerah Logistik Prestasindo.
Slow renewable energy project negotiations potentially hinder 75 GW target
The Institute for Energy Economics and Financial Analysis (IEEFA) has found that most renewable energy projects have not yet reached the power purchase agreement (PPPA) stage, despite being auctioned two years ago.
eFishery appoints interim CEO amid probe into alleged funds misappropriation
eFishery, an Aqua-Tech startup, is appointing Adhy Wibisono as interim CEO to replace Gibran Huzaifah, who is currently under investigation for alleged misappropriation of company funds.
PLN accelerates energy transition through media roundtable, startup collaborations
State power utility PT PLN on Tuesday, December 10, 2024 opened a Media Roundtable with four leading startups to accelerate the development of the green energy ecosystem.
Vale announces layoffs amid slumping nickel prices
Mining giant Vale is conducting job cuts across its global operations in response to the ongoing decline in nickel prices. While the company has not disclosed the number of employees affected in Sudbury, Ontario, it confirmed the layoffs will primarily target "non-operating roles."
PT Bangun Kosambi Sukses prepares for IPO, targets up to Rp2.3 trillion
PT Bangun Kosambi Sukses, a subsidiary of PT Pantai Indah Kapuk Dua (PANI), is set to go public with its initial public offering (IPO) on the Indonesia Stock Exchange (IDX).