China & Korea Invest IDR 223 T in IBC, Erick Thohir: We Welcome

Jakarta – SOE Minister Erick Thohir welcomed the cooperation between PT Industri Battery Indonesia or Indonesia Battery Corporation (IBC) with the Chinese company PT Ningbo Contemporary Brunp Lygend Co. Ltd. (CBL) and LG Energy Solution from South Korea (South Korea). In this collaboration, according to Erick, IBC received an investment of US$ 15 billion or … Read more

IBC Cancels Acquisition of German EV Factory, Ahok Once Said: Why Not Invite Wuling?

Bahlil regretted that StreetScooter was finally acquired by a state-owned company from Singapore. REPUBLIKA.CO.ID, by Meiliza Laveda, Retno Wulandari, Intan Pratiwi The Minister of Investment or the Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia regretted the cancellation of the acquisition by Indonesia Battery Corporation (IBC) of an electric vehicle (EV) company from Germany, … Read more

Bahlil Disappointed IBC Cancels Acquisition of German Electric Vehicle Company

IBC’s proposed acquisition of StreetScooter accused of potential mark-up REPUBLIKA.CO.ID, JAKARTA —Indonesia Battery Corporation (IBC) has missed an opportunity to acquire a manufacturer electric vehicle from Germany, StreetScooter. This was conveyed directly by the Minister of Investment/Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia. “The (acquisition) option is no longer given to us, dear,” … Read more

Why do Indonesian Nickel Issuers Continue to be Hunted by Investors?

Jakarta, CNBC Indonesia – The share price of mining issuers, especially nickel mines in Indonesia, is expected to rise in the long term in line with plans to build an electric vehicle (EV) battery project in the country. Head of Research at PT Henan Putihrai Sekuritas, Robertus Yanuar Hardy, said it was only natural for … Read more

Luhut in South Korea? Good news again for ANTM-INCO cs

Jakarta, CNBC Indonesia – There is good news for shareholders of MIND ID’s subsidiaries, namely PT Aneka Tambang Tbk (ANTM), PT Vale Indonesia Tbk (INCO), and PT Timah Tbk (TINS). The good news is in the form of plans to install piles (groundbreaking) a factory owned by the Indonesia Battery Corporation (IBC) and a consortium … Read more

Officially, Keroyokan Makes Battery Holding, This Is Different from the Assets of 4 BUMNs

Jakarta, CNBC Indonesia – It’s official holding Indonesia’s electric battery manufacturing company, namely Indonesia Battery Corporation (IBC). This joint venture company of four state-owned companies was founded as holding to manage the integrated electric vehicle battery industry ecosystem from upstream to downstream. A total of four state-owned companies in the mining and energy sector formed … Read more

Indonesia Battery Corp. Officially Formed & Planned for Rp. 238 T

Jakarta, CNBC Indonesia – The BUMN Ministry officially announced the existence of a state-owned battery holding company, namely Indonesia Battery Corporation or IBC. The investment required for the holding reaches IDR 238 trillion. This holding company will consist of four state-owned companies, namely PT Indonesia Asahan Alumunium (Persero) / Inalum aka MIND ID, its subsidiary … Read more

IBC is Officially Formed, So When Will It Affect the Indonesian Economy?

Jakarta, CNBC Indonesia – The Ministry of State-Owned Enterprises (BUMN) said that the formation of the Indonesia Battery Corporation (IBC) will have an immediate impact on the Indonesian economy from 2021-2023. Deputy Minister I of BUMN Pahala Nugraha Mansury said the impact would be felt directly in Indonesia’s economic recovery after Covid-19. “We hope that … Read more

Erick Thohir’s Ambition to Imitate London and the Soar of ANTM and INCO

Bisnis.com, JAKARTA – After 5 consecutive days of landslides, the Jakarta Composite Index (JCI) finally closed today’s trading on Friday (26/3/2021) with a green chart. From the ranks of the shares of the L-Q45 index, two state-owned mining issuers, PT Aneka Tambang Persero Tbk. (ANTM) and PT Vale Indonesia Tbk. (INCO) took the lead in … Read more