Indika Energy Sells Coal Mine to Petrindo Jaya for $218 Million
The company aims to increase the share of non-coal businesses in its overall revenue to 50 percent by 2025.
Business
Pertamina to Build Sustainable Energy Center in New Capital Nusantara
The sustainable energy center will lie in the city’s “area 5”, along with other facilities such as Pertamina Sustainability Academy.
Business
France Wants to Boost Business Presence in Indonesia
As of 2020, there were at least 200 French companies of different scales operating in Indonesia.
Business
Tripar Multivision to Acquire 30% Stake in B-Universe
The acquisition would be preceded by rigorous legal and financial due diligence.
Business
France Backs Indonesia’s OECD Candidacy
President Joko “Jokowi” Widodo has been actively trying to get support from fellow leaders for Indonesia to be an OECD member.
Business
How to Empower Tanah Abang Traders in Unfair Competition with Online Shops
An analyst called for greater government oversight to prevent social media platforms from running online marketplaces in Indonesia.
Business
IDX Set to Launch Carbon Trading Platform
The IDX claims that the system is fully ready and expects to see transactions taking place during the launch date on Sept. 26.
Business
Carbon Tax to Put Indonesia on Track Toward 2030 Climate Goal
Chief Economic Affairs Minister Airlangga Hartarto last month said the carbon tax would be in place in 2025.
Business
Indonesian Central Bank Retains Benchmark Rate at 5.75%
The benchmark rates for deposit facilities and lending facilities will also remain unchanged at 5 percent and 6.5 percent, respectively.
Business
State Budget Sees Rp 147 Trillion Surplus
In the first eight months of the year, state revenue reached Rp 1,821.9 trillion, which includes Rp 1,418.5 trillion in tax revenue.
Business
Entertainment Company Tripar Multivision Reaches Strategic Partnership with B-Universe
This collaborative partnership will involve MVP's investment in B-Universe as a free-to-air broadcaster.
Business
Livestream Shopping Influencers Take Toll on Tanah Abang Sellers
Tanah Abang Market traders reported a 50 percent drop in turnover as they struggled with the live-shopping-with-celebs trend.
Business
VP Tries to Lure Shanghai Businesses into Indonesia’s $135b Halal Industry
Vice President Ma'ruf Amin recently met with Shanghai Mayor Gong Zheng to discuss Indonesia's halal industry, among others.
Business
BNI Shareholders Approve 2:1 Stock Split to Attract Retail Investors
In the past three years until August 31, BNI's stock has witnessed a remarkable 79.9 percent increase.
Business
Nusatama Partners with Chinese Defense Firm Norinco to Construct Electric Truck Plant
Details regarding the financial commitment for this investment have not been disclosed.
Business
Mercosur-Indonesia Trade Pact Talks Delayed as Bloc’s Deal with EU Stalls
Mercosur wishes to conclude its trade pact with the EU first before negotiating an agreement with Jakarta.
Business
Antam Ordered to Pay Surabaya Businessman Rp 1 Trillion in 1 Ton Gold Dispute
Antam has exhausted all legal avenues in the protracted legal battle that began in early 2021.
Business
Gov’t Aims to Construct 2,500-Hectare Industrial Area in Rempang Despite Protests
The island spans approximately 17,000 hectares, with 10,000 hectares designated as conservation areas.
Business
Argentina, Peru, Chile Potential Partners for Indonesia’s EV Ambition
Indonesia can import critical minerals from the resource-rich Argentina, Peru, and Chile to add supply for its EV battery production.
Business
Jokowi Says Nickel Exports See17-Fold Increase Through Domestic Processing Initiative
Jokowi acknowledged that the downstream processing policy was met with resistance from long-time nickel importers like the EU.
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