#Government
Luhut: Indonesia poised to become key player in EV global supply
In an effort to meet global demand for electric vehicles, the Governments of Indonesia and South Korea inaugurated the Battery and Electric Vehicle Ecosystem in Karawang, West Java, on Tuesday, July 2, 2024.
Indonesia signs MOU with Australia on energy transition cooperation
Dadan Kusdiana, Secretary General of the Ministry of Energy and Mineral Resources (ESDM) and David Fredericks, Secretary of the Australian Department of Climate Change, Energy, Environment & Water (DCCEEW) on Tuesday, July 2, 2024,signed a Memorandum of Understanding (MOU) on efforts to strengthen bilateral cooperation on energy transition.
KPK deputy admits failure in anti-corruption campaign
Alexander Marwata, Deputy Chairman of the Corruption Eradication Commission (KPK), has admitted his personal failure in combating corruption during his eight-year tenure at the anti-graft agency.
MIND ID officially the largest PT Vale Indonesia’s shareholder
JAKARTA − State-owned Mining Industry Holding Company, PT Mineral Industri Indonesia ("MIND ID"), has completed the purchase of approximately 14 percent ofthe divested shares of PT Vale Indonesia from Vale Canada Limited ("VCL") and Sumitomo Metal Mining Co., Ltd. ("SMM").
Majority of mining commodity export prices rise in July 2024
The Ministry of Trade has reporeds that the prices of most mining commodities subject to export duties have increased due to rising global demand, influencing the export reference prices (HPE).
Bahlil: Gresik smelter makes electric battery ecosystem in Indonesia more complete
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the latest copper smelter built by PT Freeport Indonesia (PTFI) will further strengthen the electric battery ecosystem in Indonesia.
PHR’s exploration, innovation endeavors increase Rokan Block's oil reserve potential
PT Pertamina Hulu Rokan (PHR), a subsidiary of State-owned energy company Pertamina, continues to strive to increase its oil and gas production after the transfer of Rokan Block management, one of which is through exploration activities that have succeeded in providing additional significant oil and gas resources and reserves from the oil block.
Sri Mulyani proposes Rp6.1 trillion state capital injection for five SOEs
Minister of Finance Sri Mulyani Indrawati has proposed a state capital injection (PMN) totaling Rp6.1 trillion for five state-owned enterprises (SOEs) this year, representing 44.85 percent of the total PMN requested by the Ministry of State-Owned Enterprises (SOEs) amounting to Rp13.6 trillion (US$833 million).
PIS seals business deal for liquid CO2, LNG transport with Japanese Shipping Giant NYK
A subsidiary of State-owned energy company Pertamina, PT Pertamina International Shipping (PIS), has struck a deal with Japanese shipping company Nippon Yushen Kabushiki Kaisha (NYK) Group to cooperate in liquid carbon dioxide (CO2) and liquified natural gas (LNG) transportation and ship management.
CITIC CLSA ASEAN Forum showcases investment opportunities in Indonesia, SE Asia
Jakarta − The 20th CITIC CLSA ASEAN Forum began on Tuesday, June 11, 2024, bringing altogether over 600 delegates from 16 countries, including more than 300 institutional investors and 300 senior executives from 110 of the region’s top growth companies.
Cost of air pollution from coal-fired power plants worth more than US$885 M
Jakarta − The Centre for Research Energy and Clear Air (CREA) said that the economic burden related to air pollution from the operation of three coal-based power plants (PLTUs) in West Java and Banten reached US$885 million (Rp13.1 trillion) per year.
ESDM minister: Indonesia to seek new investors for Sonic Bay project
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif says the government will seek for new partners and investors after Germany's BASF and French's Eramet decided to withdraw from the Sonic Bay project in Weda Bay Industrial Estate, North Maluku.