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View all search resultsdivestment
Opinion 2 weeks ago
PREMIUM
Analysis: Freeport divestment deal anchors Indonesia-US tariff negotiations
The administration of President Prabowo Subianto has reached a deal with Freeport-McMoRan as part of Indonesia’s broader negotiations to reduce punitive tariffs imposed by the United States under President Donald Trump. The agreement requires Freeport to divest additional shares in PT Freeport Indonesia (PTFI), which operates major mining assets in Papua, in exchange for an extension of its mining concession to the end of the mine’s life cycle. While the deal strengthens US access to critical minerals, it has drawn criticism for the limited involvement of indigenous Papuans.
Companies 1 month ago
PREMIUM
Pertamina to spin off airlines, hospitals, non-oil units this year
Divested assets include hospital groups currently managed by Indonesia Healthcare Corporation (IHC), as well as aviation subsidiary Pelita Air, which is set to be merged with national flag carrier Garuda Indonesia.
Americas 1 year ago
Biden's re-election campaign won't stop using TikTok
The decision comes as many young and left-leaning voters, a significant part of the user base for the short-video app, are agitated over Biden's handling of the war in Gaza and protests have escalated across universities around the country.
