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Medco launches production at Forel, Terubuk fields

President Prabowo Subianto presided over the launch of production at the Forel and Terubuk oil and gas fields in the South Natuna Sea off Riau Islands on May 16.

22 minutes ago
Companies

APL Logistics opens eco-friendly logistics hub at KBN Marunda Industrial Estate

Supply chain specialist APL Logistics recently opened its first distribution center, dubbed the Marunda Flow Center, at the KBN Marunda Industrial Estate in North Jakarta. ...

7 hours ago
Companies premium

Energy ministry approves Kuwaiti plan to develop Anambas Block

The government has green-lit KUFPEC's plan to develop the gas-rich Anambas Block in the Natuna Sea for an estimated investment of US$1.54 billion to supply both the domestic and regional markets. ...

3 days ago

The Latest

Companies

Vietnam's Vingroup eyes multibillion dollar high-speed rail project

Vietnam's biggest conglomerate, Vingroup, said Friday it had submitted a proposal to build the country's multibillion-dollar high-speed railway from Hanoi to Ho Chi Minh City, with state media reporting the government had welcomed the plan.

3 days ago
Companies premium

RI companies in no rush to invest in US amid Washington reshoring push

As some countries and global firms look to invest in the US to avoid Washington’s import tariffs, Indonesian businesses remain hesitant. The Indonesian Employers Association (Apindo) sees no strong appetite for outbound investment among local companies.

4 days ago
Companies premium

Agrinas to manage nearly half a million hectares of food estate

The land would be developed by the Agriculture Ministry, with 200,000 hectares situated in Wanam, South Papua, while the remaining 225,000 hectares spread across South Kalimantan, Central Kalimantan, West Kalimantan and South Sumatra.

4 days ago
Companies premium

Amman extends Batu Hijau copper, gold mine’s life until 2030

A subsidiary of publicly listed mining company PT Amman Mineral Internasional entered Phase 8 with reserves of around 460 million tonnes of minerals after it concluded Phase 7 last year.

4 days ago
Companies premium

Businesses defend age limit for job applications as govt plans to scrap them

Businesses note that some companies need age caps to simplify the hiring process, especially when there are large applicant pools.

5 days ago
Companies premium

BYD car catches fire after three days parked at home in West Jakarta

A BYD Seal caught fire in the Palmerah area of West Jakarta on Tuesday afternoon in an incident suspected to have been caused by a short circuit in the electric vehicle’s battery.

5 days ago
Companies premium

Addressing Indonesia’s housing backlog: The need for demand-side policies

The key to resolving the housing backlog is to take a balanced policy approach that addresses both the supply and demand side, more especially the latter, to provide more flexible housing options.

5 days ago
Companies

MR.D.I.Y. Indonesia achieves 160% profit growth in Q1 2025

Leading home improvement retailer PT Daya Intiguna Yasa Tbk (MR.D.I.Y. Indonesia) reported a solid financial performance in the first quarter of 2025.

6 days ago
Companies

EV battery giant CATL aims to raise $4b in Hong Kong IPO

Chinese EV battery giant CATL aims to raise US$4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far this year.

1 week ago
Companies

Saudi Aramco net profits drop 4.6 percent in first quarter: Statement

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 percent in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom's ambitious economic reform plans.

1 week ago
Companies premium

Danantara halts SOE corporate actions pending audit

The President has ordered a halt to all major corporate actions, including mergers and acquisitions, divestments and investments as well as spin-offs, until the Danantara board has reviewed such projects and the performance of SOE executives.

1 week ago
Companies

LG to operate domestic AC production facility by year-end

In its 35th year of operations in Indonesia, South Korean electronics company PT LG Electronics Indonesia (LG) has announced its readiness to operate an air conditioner (AC) factory in the country to answer to both domestic and export demands.

1 week ago
Companies premium

GoTo opens up on receiving, reviewing multiple takeover offers

In a stock disclosure submitted on Thursday, the homegrown tech giant has dismissed recent reports on a possible sale to industry rival Grab as “speculation”, saying it received periodical acquisition offers but had not agreed to any deal at present.

1 week ago
Companies

GoTo reveals 2024’s successes in Three Zeroes sustainability drive

GoTo Group has reinforced its commitment to a greener Indonesia through the achievements it has made under its Three Zeroes pledge of zero emissions, zero waste and zero barriers.

1 week ago
Companies

Toyota cites tariffs as it forecasts 35 profit net profit drop

Japanese auto giant Toyota forecast on Thursday a 35 percent year-on-year drop in net profit for the current financial year, citing United States President Donald Trump's vehicle tariffs, among other factors.

1 week ago
Companies premium

Govt courts Bill Gates for Danantara board to anchor philanthropy push

The Gates Foundation has pitched a strategic collaboration with Danantara Trust, the philanthropic arm of Indonesia’s state asset fund, which is being set up to manage endowments and channel charitable grants.

1 week ago
Companies premium

Garuda Indonesia grounds 15 planes over maintenance, financial issues

One Garuda aircraft and 14 Citilink planes await heavy maintenance checks, which include comprehensive inspections and component replacements.

1 week ago
Companies premium

SOEs may need to cut back on business trips, commissioners

State-Owned Enterprises (SOEs) Minister Erick Thohir says his office is exploring further budget cuts for SOEs by limiting business trips and reducing the number of executives.

1 week ago
Companies

HFM looks to the future with new leadership

Many components contribute to the sustainability of a company, with innovation usually at the helm of success. Adaptability to changes in the market and consumer preference is the key for a company to be able to serve its growing base and secure its place in the future.

2 weeks ago
Companies premium

New benchmark pricing policy has led to customer loss, Antam tells House

At a meeting with House Commission XII broadcast live on Thursday, the Antam president director said its products had become unsellable because buyers balked at paying the government-mandated benchmark prices for minerals and coal.

2 weeks ago
Companies premium

US tariffs to hit loan growth at local banks

Local banks should tighten stress tests on their loan portfolios, consider temporary loan restructuring for impacted sectors and shift credit growth toward more resilient domestic industries, an analyst urges.

2 weeks ago
Companies

Indosat Q1 Report: Book Progressive Net Profit and ARPU Growth

Indosat Ooredoo Hutchison reported progressive results across most key performance indicators in the first quarter of 2025, despite navigating an extremely competitive and challenging industry environment. These outcomes reflect the company’s disciplined execution and continued commitment to supporting Indonesia’s digital and artificial intelligence development journey.

2 weeks ago
Companies premium

Explore nearby, spend wisely: intra-provincial travel boom

Many households are now exploring destinations closer to home to reduce expenditures.

2 weeks ago
Companies premium

Prabowo scolds ‘bad’ SOEs directors behind closed doors

During the closed-door meeting, the President called on SOEs executives to end inefficiency and misconduct, ordered Danantara’s board to evaluate their performance and warned that directors who fail to deliver would be replaced.

2 weeks ago
Companies premium

Danantara to include Lotte petrochemical project

The petrochemical company offered Indonesia the opportunity to participate and President Prabowo Subianto agreed to local participation through Danantara, which the wealth fund will explore. 

2 weeks ago
Companies

Trump to reduce impact of auto tariffs, Commerce secretary says

President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said.

2 weeks ago
Companies premium

State-run mining firms court American investments

Experts warn that the success of these efforts will depend on Indonesia’s ability to reform its regulations, strengthen governance and provide greater legal certainty.

2 weeks ago

Today's ePost

Mon, May 19, 2025

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