Prabowo’s 2025 First Year Economic Growth Set at 5.1%-5.5%

Jul 8, 2024 | News Group

The DPR RI Budget Body and the government have agreed on a target for Indonesia’s economic growth in the range of 5.1%-5.5% in 2025 or the first year of President-elect Prabowo Subianto’s government. In line with this, the meeting also agreed on other...

Freeport Has Concentrate Export Permit until the End of 2024

Jul 8, 2024 | News Group

PT Freeport Indonesia (PTFI) has obtained export approval for copper concentrate and anode mud from the Indonesian government until December 2024. The export permit was obtained following the operation of PTFI’s new smelter in the Java Integrated Industrial and...

Hutama Karya Obtains Rp131.14 Trillion State Funds

Jul 8, 2024 | News Group

State construction firm PT Hutama Karya (Persero) obtained state capital participation (PMN) of Rp131.14 trillion from 2015 to 2024. EVP Corporate Secretary Hutama Karya Adjib Al Hakim said Hutama Karya also received a commitment to increase PMN from investment...

Jasindo’s Assets Reaches Rp14.45 Trillion

Jul 3, 2024 | News Group

Insurance firm PT Asuransi Jasa Indonesia (Jasindo) reported premium income of Rp1.24 trillion as of May 2024, an increase of 56.65% on an annual basis (unaudited). According to the company’s financial report released on Sunday (June 30), Jasindo’s assets...

RMK Energy (RMKE) Issues Rp1.5 Trillion Bonds for Expansion

Jul 3, 2024 | News Group

RMK Energy (RMKE) will issue bonds amounting to Rp1.5 trillion in the near future which will be used for expansion outside South Sumatra.  RMKE Investor & Public Relations Julius Caesar Samosir said the issuance of rupiah bonds was carried out as capital for...

Government Ensures No Electricity Tariffs in July

Jul 3, 2024 | News Group

The government will maintain electricity tariffs in the third quarter (Q3) of 2024 or July-September 2024 for non-subsidized and subsidized customers. There is no price increase. Meanwhile, in accordance with the provisions in the Minister of Energy and Mineral...

Saka Energi Targets 8.4 Million Barrels of Oil Equivalent

Jun 28, 2024 | News Group

PT Saka Energi, subsidiary of state gas distributor Perusahaan Gas Negara (PGAS) or PGN,  targets oil and gas lifting to reach 8.4 million barrels of oil equivalent (MMBOE) this year, lower than last year’s 9.2 MMBOE due to natural declining. Saka Energi plans...

Freeport’s Giant Copper Smelter Starts Operation

Jun 28, 2024 | News Group

PT Freeport Indonesia (PTFI)’s new copper smelter operation at Java Integrated Industrial and Ports Estate (JIIPE), Manyar, Gresik, East Java will be inaugurated today (June 27). President Director of Freeport Indonesia Tony Wenas said that the operation of...

Ormat Attracted to 2 PLN Geothermal Blocks in NTT & South Halmahera

Jun 28, 2024 | News Group

A geothermal specialist company from the United States, Ormat Technologies (Ormat) is attracted to the investment opportunity with PT Perusahaan Listrik Negara (PLN). Through PT Ormat Geothermal Indonesia, Ormat is negotiating with PLN regarding the possibility of...

Rupiah Stability Remains in Intact

Jun 25, 2024 | News Group

BI also reported that the rupiah stability remains intact in line with the policy commitment instituted by BI. Rupiah stability in June 2024 (as of 19th June 2024) has been maintained, despite losing 0.70% (ptp) in value after appreciating 0.06% (ptp) in May 2024...