Indonesian government taps Gudang Garam Group to run Kediri-Tulungagung toll road, increasing local-conglomerate presence in toll business.
MIND ID has successfully secured a 34 percent stake in Vale Indonesia. In a strategic agreement, MIND ID and other shareholders have agreed to a joint management approach, with MIND ID receiving a share of commissioner seats in the company.
State-owned and private companies secure big contracts; the latest Mitsubishi Electric wins elevators and escalators procurement contracts in government buildings, including the Presidential Palace.
VinFast will assemble EVs locally or under Completely Knocked Down (CKD) following the completion of its EV factory in Indonesia.
Pertamina has rearranged some positions on the board of directors of its subholding companies, demanding they come up with significant improvements.
The Cooperatives and SMEs Ministry mentioned that TikTok Shop remained violating regulations, thus prompting suspicion that the whole platform integration was merely a gimmick.
MIND ID and Vale have agreed on share price for the final divestment call, which is likely pricier than the 2020 divestment.
To strengthen its transport and logistic armada, PT Kereta Api Indonesia (KAI) has spent US$ 222.4 million or Rp 3.36 trillion to procure 54 locomotives manufactured by US-based Progress Rail, a subsidiary of Caterpillar.
In domestic bauxite mining, idle capacity is anticipated to reach 13.86 million tons this year, translating to approximately US$494.6 million amidst the export ban.
Trade Ministry approval secured, monitoring continues by Competition Commission.