#International
Russian investment of Rp211.9 trillion stalled in Tuban
The investment by Rosneft Singapore Pte Ltd, an affiliate of the Russian oil company Rosneft, in the strategic national project Grass Root Refinery in Tuban, East Java, is currentlyinterupted due to the escalating geopolitical situation resulting from the war in Ukraine.
Negotiations for gas export to Singapore stalled, Mako field investment postponed
Conrad Asia Energy Ltd has confirmed the postponement of the final investment decision (FID) for the Mako gas field in Natuna regency until mid-2024. Initially, the FID was targeted to be completed by the end of 2023.
Indonesia, Finland collaborate to advance energy transition
The Indonesian government has forged a partnership with Finland aimed at boosting investment and fostering bilateral cooperation.
US and Bakamla inaugurate "Anambas" Maritime Training Center
The United States of America and Indonesia has embarked on close cooperation in maritime security establishment with the inauguration of a US-funded Maritime Training Center in Batam, Riau Islands province, on Monday, January 29, 2024.
Indonesia asks Israel’s compliance with ICJ decision to prevent Gaza genocide
The Indonesian government has asked Israel to comply with the pre-trial ruling of the International Court of Justice (ICVJ) as a measure to genocide in Gaza, Palestine.
Rubber producers threatened with export difficulties to Europe
Business players have anticipated heavier pressure on the national rubber industry in 2024 along with the planned implementation of the European Union's Anti-Deforestation Law (EUDR), which will be effective from January 1, 2025. Under this regulation, operators that export commodities and their derivative products to EU members are required to prepare geolocation data of raw material sources.
Pertamina & partners win bid to manage oil & gas block in Malaysia
PT Pertamina Malaysia Exploration Production (PMEP) and its partners have won the bidding for the SK510 exploration block through the Malaysia Bid Round (MBR) 2023, a series of bidding activities held annually by Malaysia Petroleum Management (MPM) PETRONAS, the agency responsible for oil and gas resources in Malaysia.
Indonesia and Tanzania strengthen energy investment cooperation
In a significant move to enhance bilateral ties, President Joko ‘Jokowi’ Widodo and his Tanzanian counterpart President Samia Suluhu Hassan sealed an agreement on strengthening cooperation in oil and gas sector in a ceremony at the Bogor Presidential Palace on Thursday, January 25, 2024.
LG, Antam to finalize joint venture agreement next week
A consortium of South Korean battery maker LG Energy Solution (LGES) and an Indonesian consortium of National diversified miner PT Aneka Tambang (Antam) and its subsidiary Indonesia Battery Corporation will finalize the establishment of joint venture companies this week.
Pertamina International Shipping plans IPO, set to release minimum 10% of shares
PT Pertamina International Shipping (PIS) is gearing up for an initial public offering (IPO) on the Indonesia Stock Exchange (BEI) in the coming year, with plans to release a minimum of 10 percent of its shares to the public.
Pertamina International Shipping books revenue of Rp51.56 trillion in 2023
PT Pertamina International Shipping (PIS), a subholding of Pertamina engaged in integrated logistics and shipping, reported a revenue of US$3.3 billion, equivalent to Rp51.56 trillion in its unaudited financial performance for 2023. This represents an 18 percent increase compared to the 2022 realization of US$2.8 billion or Rp43.75 trillion. The net profit after tax for 2023 reached US$304 million, marking a 48 percent increase from the previous year's figure of US$205 million.
I find great fulfilment working in developing markets, I truly enjoy witnessing the impact of our efforts: François de Maricourt
François de Maricourt, a key-man in HSBC Indonesia, as a President Director. He is a French national with over two decades of experience in international banking. Through this interview, Maricourt has opened up to Indonesia Business Post on his hopes, ambitions and challenges in life and his perspective in the banking sector giving opportunities within the Indonesian market.