Tuesday, September 26, 2023

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.

Business
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