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View all search resultsThe corruption investigation into the Banjarmasin Medium Tax Office (KPP Madya) has taken an unexpected turn, with the Corruption Eradication Commission (KPK) examining senior tax officials linked to Adaro, one of Indonesia’s largest business groups. The development has brought renewed attention to Adaro’s long and complicated ownership history, including a past dispute involving businessman Hashim Djojohadikusumo, the younger brother of President Prabowo Subianto.
The Batam Concession Agency (BP Batam) has named Adaro Energy Indonesia and TBS Energi Utama as winners for the rights to the use of reservoirs in two locations designated for the floating solar power plants (PLTS) project, while indicating that export of renewable-based electricity to Singapore is targeted to kickstart in 2024.
Indonesian coal miners have booked either a profit increase or a reversal of last year's losses in strong first-half performance on the back of high prices due to increased demand as economies reopen and supply pressure amid the China-Australia trade spat.
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