Business News
Jokowi Passes Law Blocking Capital Investments for Liquor Industries
President Joko “Jokowi” Widodo has officially ratified presidential regulation (Perpres) No.49/2021 - which revises a previous Perpres (No.10/2021) that is one of many derivatives from the Job Creation Law (Cipta Kerja) - that states liquor industries are closed-off for capital investments. Article 2 of the latest Perpres specifically states that…
PLN Applies Digital System in 53 Power Plants
Indonesia's state-owned power company PLN has implemented digital breakthrough for 53 power plant units. This is an effort to improve the company's reliability, efficiency and competitiveness in the field of commercial energy supply.PLN president director Zulkifli Zaini said that the digitization of power plants had reached a 'business as usual'…
Three Companies to Hold IPOs This Week
The Indonesia Stock Exchange or IDX is ready to welcome three new issuers to hold initial public offerings (IPO) this week. The three companies planning to go public are Panca Anugerah Wisesa, Ladangbaja Murni, and Triniti Dinamik.Panca Anugerah Wisesa is a furniture company that will be officially listed on the…
Josep Borrell explains why the Indo-Pacific Region matters for Europe
EU High Representative for Foreign and Security Policy, Josep Borrell, has just returned from Indonesia where he met the country's leaders, and also had talks with ASEAN - the regional grouping of South East Asian countries.Writing on his blog on the webpage of the European External Action Service, Borrell explains…
