Indonesia's corporate sector is moving quickly, with state investors reshaping key industries and major companies pursuing new deals. Here is a roundup of the latest developments.

Danantara Pushes to Build a Domestic Chip Industry

Indonesia is working with Peruri, the state-owned enterprises agency and the education ministry to develop a national semiconductor industry. The goal is to strengthen technological sovereignty and reduce dependence on foreign chip suppliers.

Bakrie Group Attracts Major Capital From Danantara

Over the past two years, the Bakrie Group has received significant capital from Danantara, Indonesia's sovereign wealth fund. The two have partnered on oil and gas, electric buses and waste-to-energy projects, expanding the conglomerate's presence in strategic sectors.

Danantara Takes Over PLN Batam After Regional Blackout

Danantara is taking over PLN Batam following a regional blackout. The agency aims to improve electricity reliability and customer service in Batam. It is also restructuring PLN's leadership, with Suroso Isnandar replacing Darmawan Prasodjo as president director.

CNGR Moves to Acquire Gunbuster Nickel Industry

Chinese battery materials producer CNGR is negotiating to buy an 80% stake in Gunbuster Nickel Industry, a nickel smelter burdened by debt. The deal could strengthen CNGR's position in Indonesia's nickel processing sector.

Danantara Plans a State-Owned Textile Company

The government intends to bring the country's textile businesses together under a state-backed company. The plan includes struggling manufacturers such as Sritex. The aim is to integrate production and revive the domestic textile industry.

Golden Energy Mines Sets Aside US$363,000 for Exploration

Coal miner Golden Energy Mines recorded Rp6.51 billion (US$363,342) in exploration drilling and geotechnical expenses through September 2026. Most of the activity is concentrated in South Kalimantan and South Sumatra.

Tiran Nusantara and Conch Sign US$558 Million Green Investment Deal

Tiran Nusantara Group, an Indonesian conglomerate owned by the agriculture minister, and Chinese company Conch have signed a green investment agreement. They will initially invest Rp10 trillion (US$558 million) in battery materials, plastic packaging, wind power and waste-to-energy projects.

Bank Danamon and MUFG Aim for 2027 Integration

Bank Danamon and MUFG are targeting a 2027 integration that would make Danamon Indonesia's fifth-largest bank. The combination would pair Danamon's knowledge of the local market with MUFG's global network. Together, they aim to build a financing ecosystem that supports businesses from upstream suppliers to downstream consumers.

Danantara Merges 23 Industrial Estates

Danantara is consolidating 23 industrial estates and will offer free land to investors. The merger will create the largest industrial estate operator in Southeast Asia, managing around 35,000 hectares. The move also reflects a shift in Danantara's business model toward earning revenue from infrastructure and supporting services.

Indonesia Stock Exchange Tightens IPO Rules

The Indonesia Stock Exchange has introduced stricter listing rules that raise financial standards. For the main board, companies will now need retained earnings. The exchange has also removed minimum public offering prices, giving issuers more flexibility in fundraising and improving access for investors.

Danantara Targets Merger of Four State Construction Firms by November 2026

Danantara aims to merge four state-owned construction companies by November 2026. Asset divestments and debt restructuring will follow. The plan is part of broader reforms to address the financial problems facing Indonesia's state-owned construction sector.

APP Group Becomes First Indonesian Company to Join RE100

APP Group, the pulp and paper giant, has become the first Indonesian company to join RE100, committing to 100% renewable electricity. The move speeds up the company's transition to clean power and supports its wider goals of cutting emissions by 2030 and reaching net zero by 2050.