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The Energy and Mineral Resources Ministry has approved the reopening of the Deep Mill Level Zone (DMLZ) and Big Gossan mines, both of which had been shut down as part of a broader halt following a deadly accident at the Grasberg mining site in September.
9 hours agoState asset fund Danantara Indonesia expects PT Garuda Indonesia to become profitable again in 2026, citing a comprehensive transformation underway within the firm. ...
2 days agoToday’s business and financial environment is becoming increasingly complex, driven by persistent geopolitical tensions, trade disruptions and volatile markets. ...
3 days agoFord is exploring the possibility of building a local assembly plant in West Java with operations expected to begin in 2027.
4 days agoBP Batam says it is looking at consortium BIB to take over the Hang Nadim airport expansion project after original contractor WIKA withdrew, apparently due to ongoing financial troubles.
5 days agoThe homegrown tech giant saw a surge in shares on Monday morning after the state secretary's statement on Friday, which revealed the government was discussing a potential merger between GoTo and rival Grab in relation to a new ojol regulation currently being drafted
6 days agoThe plan includes 63 percent of the proceeds going to the airliner's low-cost subsidiary Citilink to strengthen its cash flow and clear a US$225 million debt to Pertamina, according to the disclosure document.
6 days agoToyota and Pertamina aim to establish a joint venture for the project by early 2026.
6 days agoIndonesian-made electric motorcycle Alva N3 is being presented at the Milan Motorcycle Shows (EICMA) in cooperation with Kawago as the international sales partner.
1 week agoThe company said its profit after tax for the 2024-2025 fiscal year dropped 32 percent to 1.5 billion euros (US$1.7 billion).
1 week agoThe private bank appears to be planning an IPO slated for an IDX listing on Dec. 11, according to what appears to be a leaked prospectus circulating on social media but has not been verified to date, setting it on course to potentially become a “lighthouse company".
1 week agoThe Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg News reported on Friday, citing people familiar with the matter.
1 week agoThe geothermal energy arm of state-owned oil and gas giant Pertamina is confident about achieving installed capacity of 1 gigawatt (GW) within three years and aims for 1.8 GW by 2033.
1 week agoTesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
1 week agoAt the heart of the plant is a naphtha cracker with a capacity of 3 million tonnes per year, capable of producing 1 million tonnes of ethylene and 520,000 tonnes of propylene annually.
1 week agoThe Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence chips, two sources familiar with the matter told Reuters.
1 week agoJunkichi Yoshida, the newly appointed global president, representative director and CEO of Seiko Epson Corporation (SEC), has revealed plans to expand the company’s business across emerging markets in Southeast Asia, identifying Indonesia as a key contributor to Epson’s global growth.
1 week agoThe company also confirmed that the restructuring was permanent, with no conversion to contract-based positions or relocation to other units.
1 week agoThe projects, part of a broader plan to build 33 plants nationwide worth a combined Rp 91 trillion (US$5.6 billion), are included in state utility PLN’s long-term electricity procurement plan (RUPTL) as renewables.
1 week agoNorway's sovereign wealth fund, the world's largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.
1 week agoLawmakers and labor groups have pressed Michelin’s Indonesian subsidiary to suspend layoffs, amid protests and concerns over the company’s compliance with labor rules.
1 week agoBP-AKR stated that all governance and compliance aspects had been fully met, including aligning on the “commercial terms” that had been a sticking point for other industry players.
2 weeks agoChina said on Saturday it will exempt some Nexperia chips from an export ban that was imposed over a row with Dutch officials and has alarmed European businesses.
2 weeks agoPT Indosat Tbk, operating as Indosat Ooredoo Hutchison, delivered a promising financial result in its third quarter of 2025, signaling steady growth across key financial indicators, despite a challenging macro environment. The success is attributed to its strong business fundamentals, disciplined execution and customer-centric strategy.
2 weeks agoFrom padel courts to climbing walls, sports tenants are breathing new life into shopping centers threatened by changing consumer habits.
2 weeks agoIndonesia is ripe for growth with solid performance at both public and private businesses, a testament of the country’s untapped potential, fueled by purchasing power and a stable middle class.
2 weeks agoSouth Korea's Hyundai Motor is interested in participating in Indonesia's plan to develop its own national car, the government said on Friday.
2 weeks agoPT Freeport Indonesia (PTFI) is seeking government approval to resume operations at sections of its massive mining complex in Tembagapura, Central Papua, that were not impacted by a major landslide in September.
2 weeks agoThe consecutive quarterly profit fall comes as BYD faces tougher competition in its home market from the likes of Geely and Leapmotor, which have been taking share from BYD in the budget car segment.
2 weeks agoFinance Minister Purbaya Yudhi Sadewa emphasized that state-owned banks should not use the funds to lend to conglomerates or purchase dollars.
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