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Energy ministry clears Freeport to restart operations after landslide

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 ago
Companies premium

Garuda Indonesia projected to return to profitability in 2026

State asset fund Danantara Indonesia expects PT Garuda Indonesia to become profitable again in 2026, citing a comprehensive transformation underway within the firm. ...

2 days ago
Companies

HSBC’s The Redefining Treasury Asia Pacific reveals shift toward real-time treasury

Today’s business and financial environment is becoming increasingly complex, driven by persistent geopolitical tensions, trade disruptions and volatile markets. ...

3 days ago

The Latest

Companies premium

Ford eyes local factory in Indonesia

Ford is exploring the possibility of building a local assembly plant in West Java with operations expected to begin in 2027.

4 days ago
Companies premium

Batam airport expansion in limbo after WIKA withdraws

BP 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 ago
Companies premium

GoTo shares soar as govt confirms Grab merger talks

The 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 ago
Companies premium

Garuda Indonesia to raise $1.4b via private placement

The 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 ago
Companies premium

Toyota, Pertamina to build $155m bioethanol plant in Lampung: Ministry

Toyota and Pertamina aim to establish a joint venture for the project by early 2026.

6 days ago
Companies

Alva brings N3 electric motorcycle to Milan show

Indonesian-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 ago
Companies

Ikea profits drop on lower prices, tariff costs

The 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 ago
Companies premium

Grab, Emtek-backed Superbank set for Rp 5.36t IPO: Leaked prospectus

The 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 ago
Companies

Netherlands ready to drop control of Nexperia if chip supply resumes: Bloomberg

The 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 ago
Companies premium

Pertamina Geothermal Energy eyes 1.8 GW geothermal capacity by 2033

The 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 ago
Companies

Elon Musk's $1 trillion Tesla pay plan wins shareholder approval

Tesla 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 ago
Companies premium

RI ramps up petrochemical drive as Prabowo inaugurates Lotte plant

At 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 ago
Companies

China bans foreign AI chips from state-funded data centers, sources say

The 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 ago
Companies

Epson’s global president unveils Southeast Asia expansion plans centered on Indonesia

Junkichi 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 ago
Companies premium

Loss-making Blibli trims 270 jobs amid cost-efficiency drive

The company also confirmed that the restructuring was permanent, with no conversion to contract-based positions or relocation to other units.

1 week ago
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Danantara to launch waste-to-energy tenders this week

The 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 ago
Companies

Norway wealth fund to vote no on Musk $1 trillion Tesla pay package

Norway'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 ago
Companies premium

House urges Michelin to halt layoffs

Lawmakers 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 ago
Companies premium

BP-AKR clinches Pertamina fuel deal as Shell still stuck at the table

BP-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 ago
Companies

China to exempt some Nexperia chips from export ban

China 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 ago
Companies

PT Indosat Tbk continues transformation towards AI-Native, amid growth

PT 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 ago
Companies premium

Indoor sports give ‘dying’ malls new lease on life

From padel courts to climbing walls, sports tenants are breathing new life into shopping centers threatened by changing consumer habits.

2 weeks ago
Companies

MR.D.I.Y. Indonesia forecasts bright days ahead amid growth and expansion

Indonesia 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 ago
Companies

Hyundai Motor keen to take part in Indonesian national car plan, ministry says

South 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 ago
Companies premium

Freeport asks to restart operations at unaffected Papua mines

PT 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 ago
Companies

BYD reports biggest quarterly profit fall in over four years

The 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 ago
Companies premium

$12b boost to banks lifts corporate loans as SMEs lag

Finance Minister Purbaya Yudhi Sadewa emphasized that state-owned banks should not use the funds to lend to conglomerates or purchase dollars.

2 weeks ago

Today's ePost

Sat, November 15, 2025

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