Business News
Indonesia invites ILO to bolster support to recover from COVID-19
Indonesian Manpower Ministry's Secretary General Anwar Sanusi at a meeting of the Non-Aligned Movement encouraged the International Labor Organization (ILO) to bolster support for member nations to recover from the impact of COVID-19. Sanusi made the statement when the Indonesian government, through the Ministry of Manpower, attended the Virtual Ministerial…
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…
