#Industry
Sandiaga Uno
Sandiaga Salahuddin Uno was born in 1969 in Riau, Indonesia. Uno is the current Minister of Tourism and Creative Economy. During his childhood, he met with Erick Thohir and was in the same elementary school as a schoolmate. Sandiaga Uno was an undergraduate of Wichita State University in the United States, he graduated with a cum laude. He continued his university education in the United States at George Washington University in 1990 after receiving a paid scholarship from William Soerjadjaja and graduated with an MBA in 1992 and a GPA 4.00.
Pros and cons, restraint mounted on birth of Danantara
Pros and cons, as well as restraint have mounted over the commitment of Indonesia’s newly established Daya Anagata Nusantara (Danantara) Investment Management Agency on transparency, financial sustainability, and freedom of political influence.
Indonesia and EGA strengthen aluminum production partnership
Coordinating Minister for the Economy Airlangga Hartarto recently met with Abdulnasser Ibrahim Saif Bin Kalban, CEO of Emirate Global Aluminium (EGA), discussing the continuation of cooperation in developing aluminium production through the development of a smelter that processes bauxite in Indonesia.
ESDM sets B35 biodiesel quota at 13.41 million for 2024
The Ministry of Energy and Mineral Resources (ESDM) has set the quota for the distribution of B35 biodiesel, a blend of Solar with 35 percent palm oil-based biofuels (BBN), at 13.41 million kiloliters (KL) for 2024.
Inpex reveals financial scheme for Masela Block
Inpex Masela Ltd. is planning to utilize a trustee borrowing scheme (TBS) as part of the financing strategy for the Abadi LNG project in the Masela Block, which is aiming for onstream operations by the end of 2029.
Freeport Indonesia smelter progress reaches 27%
PT Freeport Indonesia (PTFI) has achieved 27% progress in developing its copper smelter in Gresik, East Java, as of March 2022. The smelter is Freeport's second smelter in Gresik following the government's requirement of special mining permit (IUPK) to enable the company operate in Indonesia until 2041.