PSL Holdings Limited, through PSL Maritime Logistics Holdings Pte Ltd (PMLH) incorporated a new associated company in Indonesia, PT Pulau Lautan Abadi (PLA). PMLH holds 49% stake in PLA while PT Usaha Maju Makmur (UMM) holds 51%...
Read MoreJapan manufacturer Yamaha Motor Co., Ltd. and Grab Holding Inc., Southeast Asia’s online-to-offline (O2O) platform, have agreed to form a strategic partnership in motorcycle ride-hailing service within the Southeast Asian...
Read MoreBakrie & Brothers (BNBR) raised Rp9.38 trillion from private placement and mandatory convertible bond (MCB) issuance for the restructuring its swelling debts. BNBR issued MCBs valued at Rp8.83 trillion, as the 137.97 billion...
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The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) is continuously working towards improving Indonesia’s oil and gas production. For that the SKK Migas had accelerated long-awaited oil and gas projects. One of which is the Nibung Gathering Station Nibung of the Bunyu Field under PT Pertamina EP. There’s also the LP Flare SKG Musi Timur. In total, the SKK Migas has six additional oil and gas projects operational this year.
Read MoreState-owned PT Pertamina is set to construct the Tuban Refinery with Rosneft. The targeted operation year is 2024, with the estimated cost of US$15 billion. The plot on which the Tuban Refinery will be built is the property of the Ministry of Environment and Forestry. The agreement is for Pertamine to use the land under a profit sharing scheme. Rosneft minded the arrangement and so an idea emerged to move the location to Situbondo, into a plot owned by PT Perkebunan Nusantara (PTPN). But this alternative has apparently been ditched.
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