Yesterday: Danantara invests US$250 million and rice aid announced
Jakarta (ANTARA) - News regarding Danantara Indonesia announcing a strategic investment worth US$250 million in HighPeak Energy, alongside rice food aid of 1 million tonnes, dominated economic news yesterday (6/10).
Here is a summary of the most notable economic news for this morning.
Danantara invests US$2_50 million in US oil and gas company HighPeak
Danantara Indonesia, through its investment holding company, PT Danantara Investment Management (DIM), has announced a strategic investment worth US$250 million in HighPeak Energy, Inc. (NASDAQ: HPK).
HighPeak is a Texas-based company involved in the acquisition, development, exploration, and exploitation of oil and gas in the Permian Basin. The investment transaction will be conducted through the issuance of convertible preferred stocks in several stages.
Pupuk Indonesia revitalises eight factories for industrial independence
PT Pupuk Indonesia (Persero) plans to revitalise eight factories over the next five years to strengthen food security, enhance industrial independence, and drive national economic growth.
“Industrialisation has been part of Pupuk Indonesia’s DNA since the construction of the Pusri Plant in 1959, and transformation is key to ensuring sustainability, operational efficiency, resilience, and the ability to meet long-term national food and industrial needs,” said the President Director of Pupuk Indonesia, Rahmad Pribadi, in Jakarta on Tuesday.
Government to optimise degraded land for biofuel
The Presidential Special Envoy for International Trade and Multilateral Cooperation, Mari Elka Pangestu, stated that the government will utilise degraded land for food production to serve as raw materials for biofuels, ensuring that energy development does not require the opening of new land.
Speaking at the Indonesia International Sustainability Forum in Jakarta on Tuesday, she noted that Indonesia possesses over 12 million hectares of degraded land that could be utilised to increase food and biofuel production.
Trade Minister discusses trade and investment barriers with US business actors
The Indonesian Minister of Trade, Budi Santoso, discussed trade and investment barriers with US business actors to ensure that trade relations between the two nations continue to flourish.
The discussion took place during The 14th US-Indonesia Investment Summit in Jakarta on Tuesday.
Food Coordinator: Government prepares 1 million tonnes of rice for 33.2 million citizens
The Coordinating Minister for Food, Zulkifli Hasan, is preparing 1 million tonnes of rice aid for 33.2 million beneficiaries from underprivileged communities within the decile 1 to 4 categories.
“We are preparing 1 million tonnes, or 1 billion kilograms, of rice aid for 33.2 million recipients,” said the Coordinating Minister for Food, Zulkifli Hasan, while monitoring the distribution of food aid for the October–December 2026 period in Kendari, Southeast Sulawesi, on Tuesday.