The company plans to allocate approximately 85 percent of the IPO proceeds toward operational expenditures of its subsidiary Crypto Futures Exchange (CFX). The remaining 15 percent will be channeled to its depository subsidiary PT Kustodian Koin Indonesia (ICC) for similar purposes.  

Indonesia is moving apace with its nuclear ambitions, drafting a new regulation on the domestic processing of uranium and thorium for nuclear energy.

Airlines on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Tehran vowed to defend itself.

President Prabowo Subianto’s meeting with Russian President Vladimir Putin last week produced commitments to intensify trade, investment and industrial collaboration as part of the 75th anniversary of bilateral relations.  

A high-tech cat-and-mouse game is playing out with increasing frequency as record gold prices, now sitting above US$3,300 per ounce, draw more unofficial activity – intensifying sometimes deadly confrontations between corporate concessions and artisanal miners in West Africa

Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against US attacks on its nuclear sites, with resulting risks to global activity and inflation.

Before Danantara’s formation, any SOE seeking additional capital had to submit a PMN proposal for approval by the House and the Finance Ministry, a process that was anything but swift.

According to a report released by the Centre for Strategic and International Studies (CSIS) on Friday, Indonesia’s green industry policies remain focused on technical and supply-side measures like energy efficiency and emission cuts, while market demand, financing and investment support are still limited.

A US attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy.

The US Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive US goods and technology at their plants in China, according to people familiar with the matter.

The contract comes at a moment of tension between Washington and Beijing, with the two sides yet to hash out a long-term trade agreement following tariffs announced by President Donald Trump.

A racket sport that has seen fast global growth is attracting increased attention in Jakarta, not just as a recreational activity, but also as a business opportunity.

The European Commission said Friday it intends to scrap new rules against greenwashing after they hit a roadblock in the final stretch from conservative lawmakers calling them too onerous for businesses.

Oil prices retreated Friday while US and European stock markets gained ground as concerns over a war escalation in Iran eased.

The integrated solar PV factory at the Kendal Industrial Park, launched on Thursday and operated by Indonesian-Chinese joint venture TMAI, produces both solar cells and solar panels and has a maximum output capacity of 1 GW per year.

The Environment Ministry is coming down hard on IMIP over multiple violations at its nickel hub in Central Sulawesi, following public outrage over exploitative activities in Papua's famed marine tourist hot spot Raja Ampat.

Java no longer experiences an electricity oversupply, an Energy and Mineral Resources Ministry official said, urging immediate development of new energy sources, especially renewables, to meet rising demand.

The government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.  

The global rating agency downgraded the state-owned lender’s inherent creditworthiness to Ba2 citing real risks in its outstanding loans and accrued interest receivables, though it maintained BTN’s overall credit rating at Baa2 with a stable outlook.

The state asset fund, which also acts as the holding body for SOEs, plans to consolidate the logistics sector from 18 firms into a single major player and to merge 16 state-owned insurers into just three entities.

Mirroring a fall in tax collection, state revenue also declined to Rp 995.3 trillion (US$61 billion) in May, down by 11 percent from Rp 1.1 quadrillion in the same period last year.

Southeast Asia's biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down Singapore-based offshoot Jetstar Asia.

PLN is unlikely to be directly involved in the initial phase of planned solar power exports from Indonesia to Singapore. An energy expert said the state-owned power provider should prioritize meeting its commitments under the electricity procurement business plan (RUPTL), given its limited capital and extensive domestic responsibilities.

In Indonesia, state utility PLN continues to fund grid development primarily through its own balance sheet; a model that places sustained pressure on its financial performance. Addressing financing challenges will be essential to ensuring the grid's readiness for a renewable-powered future.

The BI rate would remain at 5.50 percent, where it has stood since a 25-basis-point (bps) cut last month.

Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source.

In a bid to solve a funding shortfall for the President's "3 million homes" program, the housing ministry has come up with a plan to disburse Rp 130 trillion (US$7.98 billion) contributed by state banks under Danantara via the micro credit program (KUR).