#Government
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.
Government to close troubled state-owned enterprises
The Indonesian government plans to shut down several problematic state-owned enterprises (SOEs), including State-owned construction company PT Amarta Karya, following comprehensive assessment conducted throughout 2023.
Government approves PT Freeport Indonesia's smelter construction in Papua
The Ministry of Investment has announced the government's approval of PT Freeport Indonesia's (PTFI) plan to build a smelter in Papua as part of the negotiations for extending PTFI's contract until 2061.
Government prepares anti-dumping duties to protect textile industry
The Indonesian government is drafting regulations to impose anti-dumping duties and safeguard measures for the textile industry and other sectors as a measure to protect against unfair competition from cheap imported products.
BAIS, Police’s INAFIS data breached and sold on Dark Web
Sensitive data from the Indonesian Strategic Intelligence Agency (BAIS) of the Indonesian Military (TNI) and the Indonesia Automatic Finger Identification System (INAFIS) of the National Police (Polri) has been compromised and sold on the dark web. The hacker, operating under the alias Moonz Haxor, is demanding a ransom of up to US$7,000 ( Rp114 million) for the compromised data.
Badan Bank Tanah teams with J Trust Bank, J Trust Consulting for Penajam Eco City Project
State land provider Badan Bank Tanah collaborates with PT Bank JTrust Indonesia (J Trust Bank) and PT J Trust Consulting Indonesia to develop the Penajam Eco City project in support of Indonesia's new capital, Nusantara (IKN), East Kalimantan.
Textile association asks government to impose anti-dumping tariffs on imports
The Indonesian Textile Association (API) is asking the government to swiftly introduce Anti-Dumping Import Duty (BMAD) regulations on imported textiles next month to create a level playing field for domestic and imported textile products.