Heru Budi Hartono, head of the presidential secretariat, one of trusted aides of President Joko ‘Jokowi’ Widodo, has reportedly topped the selection to become acting governor of Jakarta, replacing outgoing governor Anies Baswedan, whose term ends October 16, 2022. 

So, Anies Baswedan, who has secured nomination from Nasdem Party as president candidate in 2024 election, has met Agus Harimurti Yudhoyono (AHY) at Democratic Party’s headquarter this morning. AHY introduced the so-called Anies-AHY volunteers group, but got no response from Anies, which sparked speculation about his likely running mate.

Mitsui & Co., Ltd has signed a share subscription agreement to acquire an interest in Xurya Pte Ltd., the parent company of Xurya Daya Indonesia, a renewable energy startup that helps provide solar panel installation services last week. The company uses a zero...

Willy Walla, chairman of Wismilak Group, one of cigarette producers in the country, has just passed away on Friday (Sep 23) at 73 years old. He leaves behind two sons, Ronald and Stephen Walla, and five grandchildren.

By the end of last week, national media reported regarding the government‘s concerns in overcoming carbon emissions by switching the liquefied petroleum gas (LPG) in 3Kg tubes which most household appliances used in every day to electric stove. The government plans to distribute the electric stove for free over the next five years with Rp5 trillion of its budget through the one million electric/induction stove conversion program.

Shares of natural gas distribution firm Rukun Raharja (RAJA), controlled by Hapsoro (Happy), husband of Puan Maharani (House Speaker, daughter of PDIP leader Megawati Soekarnoputri), opened lower by 2.94% to Rp1,155 this morning to make a market capitalization of Rp4.88 trillion. 

A property developer, Goldland Group has more than 30 years of experience in the business. According to the company’s website, the group owns projects in Goldland Karawaci, Puri Beta, and Puri 11.

PT Kencana Energi Lestari, engaging in renewable energy, recently signed a Letter of Intent (LoI) to build a new and renewable energy project in the Philippines for US$100 million of investment. The Letter of Intent was signed by KEEN President Director Henry Maknawi...

Hasan Sunarko (koh Boon Hong), founder of Samko, a diversified business group, has just passed away. He leaves behind three sons—-Amir, Ambran, and Aris—-who are at the helm of the companies.

Tsingshan, the world’s largest stainless steel producer, is the main force behind massive growth of the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi province and the Indonesia Weda Bay Industrial Park (IWIP) in North Maluku province. Hundreds of companies have established joint ventures in these industrial parks, which are responsible for substantial growth of Indonesia’s export of nickel-based iron and steel products.