About 26 companies participate in the selection process of strategic partners for the development of Lombok International Airport, West Nusa Tenggara (NTB), such as Royal Schiphol, Incheon Airport, Changi Airport, and Munich Airport.
PT Sarana Meditama Metropolitan Tbk (SAME), managing the OMNI Hospitals network, acquires PT Elang Medika Corpora (EMC), which increases the hospital’s portfolio and market share.
The Upstream Oil and Gas Special Regulatory Taskforce ( SKK Migas) and the Indonesia Petroleum Association (IPA) have agreed to maintain the investment climate by avoiding unilateral termination of existing procurement contracts.
The continuation of the Sakakemang Block development is still waiting for the Energy and Mineral Resources (ESDM) Minister’s approval on Phase I of the PoD (Plan of Development). The discussion on gas prices fails to reach a common ground.
The government provides incentives, both fiscal and non-fiscal, to coal mining companies to accelerate the downstream process, including through the Omnibus Law on Job Creation.
Ten companies are competing to become the operator of Patimban Port. The private sector will get the opportunity since the government bans state-owned enterprises (BUMN) from participating.
Pertamax fuel lifting at the Cilacap Refinery reached 1,513 million barrels in September 2020, rising from 1,227 million barrels in September 2019. It is an indicator of increasing public awareness to use eco-friendly fuels.
The change from a cooperation contract regime to an oil and gas business license in the Job Creation Law has the potential to put the government and business players at a disadvantage.
The formation of Indonesia Battery Holding (IBH), consisting of MIND ID, Pertamina, and PLN, can be finished in the next 1-2 months. Their equity participations in the holding will be clear next week.
Several ministers are exploring the possibility of collaborating with other countries in the defense industry. The passage of the Job Creation Law opens up several opportunities for prospective investors in the sector.