Corporate Affairs
Uncovers the dynamics of state-owned enterprises and corporate giants with a vibrant and insightful approach, making the corporate world both fascinating and accessible.
DBS, UOB disburse Rp6.7 T for RI’s largest rupiah-funded data center project in Batam
Bank DBS Indonesia and Bank UOB Indonesia have jointly provided a Rp6.7 trillion (US$412 million) loan to fund the development of a large-scale data center campus in Batam, Riau Islands.
Danantara eyes stake in GoTo post-merger with Grab amid monopoly concerns
Indonesia’s sovereign investment management agency Daya Anagata Nusantara (BPI Danantara) is reportedly exploring a minority investment in PT GoTo Gojek-Tokopedia (GOTO) following the company’s planned merger with Malaysian ride-hailing giant Grab.
RI launches first local CT scan factory, aims for global reach in medical tech
Indonesia has inaugurated its first domestically assembled Computed Tomography (CT) scanner production facility − a collaborated manufacturing between global medical technology giant GE HealthCare and Indonesian pharmaceutical firm Kalbe Farma.
KPPU flags potential monopoly in TikTok–Tokopedia merger, sets terms for fair competition
Indonesia’s Business Competition Supervisory Commission (KPPU) has raised concerns over the recent merger between TikTok Shop and Tokopedia, warning that their consolidation may lead to monopolistic practices and unfair business competition.
RI secures US$22 B investment for green industrial zones at World Expo 2025
The government has announced a landmark investment commitment totaling US$22 billion (Rp358.4 trillion) from international partners to develop Green Sustainable Industrial Zones in Indonesia powered by large-scale solar energy.
Nezar Patria appointed President Commissioner of Indosat
Deputy Minister of Communication and Digital Application (Komdigi) Nezar Patria, has been appointed President Commissioner of PT Indosat following the company’s Annual General Meeting of Shareholders (AGMS) for the 2024 fiscal year, held on Wednesday, May 28, 2025.
Microsoft launches first data center region in Indonesia
Microsoft launched on Tuesday, May 27, 2025 the Indonesia Central Cloud Region, marking its first data center cluster in the country expected to significantly accelerate Indonesia’s digital transformation and economic growth, with the potential to contribute US$2.5 billion (Rp41 trillion) to the national economy.
Semen Baturaja GMS, Muhammad Syafitri rumored to become President Director of Semen Padang
State-owned cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), reshuffled the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year held in Jakarta on Tuesday, May 27, 2025.
Telkom Indonesia appoints Angga Raka Prabowo as president commissioner
State telecommunication company PT Telkom Indonesia named Angga Raka Prabowo as its new President Commissioner during the company’s Annual General Meeting of Shareholders (RUPST) in Jakarta, on Tuesday, May 27, 2025.
Football club Persib Bandung eyes IPO in early 2026
Indonesia’s most decorated football club, Persib Bandung, is preparing to make history by becoming one of the second professional football teams in the country to go public. The club has announced plan to launch an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) in early 2026, marking a significant milestone in both sports and financial markets.
Indosat plans major business expansion into AI, IoT, and defense tech
Telecommunication compant PT Indosat (ISAT) has announced plans to expand into several new business lines − pending shareholders’ approval − meant to significantly support Indonesia’s ongoing digital transformation, with new ventures focusing on artificial intelligence (AI), Internet of Things (IoT), defense and security technologies, and market research.
KLHK revokes Dairi’s permit in regards with Supreme Court’s ruling
The Ministry of Environment and Forestry (KLHK) has formally enacted the Supreme Court's ruling by revoking the environmental permit of PT Dairi Prima Mineral (PT DPM), a mining company operating in Dairi Regency, North Sumatra.