Latest news with #PLN
Korea Herald
6 days ago
- Business
- Korea Herald
PLN Startup Day 2025: PLN's Support for Indonesia's Greentech Startups
JAKARTA, Indonesia, May 27, 2025 /PRNewswire/ -- PT PLN (Persero) strengthens its commitment to accelerating the energy transition through strategic collaboration with green technology (greentech) startups in Indonesia. This initiative was realized through the PLN Startup Day 2025, themed Powering Partnership: Uniting Forces for Sustainable Energy, held at PLN's Headquarters in Jakarta on Wednesday (May 21). The Indonesian Director General of Digital Infrastructure at the Ministry of Communication and Digital Affairs, Wayan Toni Supriyanto, expressed his appreciation for PLN's initiative, which aligns with the government's vision to build an inclusive and sustainable digital ecosystem. "PLN plays a strategic role in realizing this vision, particularly in integrating digital innovation into energy solutions. Programs such as PLN Connext and events like PLN Startup Day are concrete proof that collaboration between the government, state-owned enterprises, and the innovation sector can address energy challenges," Wayan stated. PLN President Director, Darmawan Prasodjo, emphasized that PLN Startup Day 2025 is more than just an annual agenda—it is a strategic platform for creating future solutions through tangible collaboration with innovators. "Indonesia needs innovation to achieve its energy transition and reach Net Zero Emissions by 2060. This is where startups—especially greentech startups—play a crucial role in developing technological innovations to tackle various challenges in the energy sector," said Darmawan. This year, PLN has successfully engaged 63 energy startups. Of these, 20 startups have participated in the incubation program, 20 startups have signed Memorandums of Understanding (MoUs) through the PLN Connext program, and 16 startups have established concrete collaborations with PLN in various strategic programs. PLN Director of Corporate Planning and Business Development, Hartanto Wibowo, explained that PLN is developing a startup ecosystem through two main programs. First, collaboration with later-stage startups, focusing on innovative solutions directly integrated into the national energy system. Second, an incubation program for early-stage startups, providing mentoring, training, and business exploration to support long-term growth and impact. "Since 2023, through PLN Connext, we have built a structured and tangible energy startup ecosystem. We believe startups are catalysts for change because of their agility, creativity, and high level of innovation," said Hartanto. As part of strengthening synergies with the government, PLN signed two strategic collaborations during the event. First, with the Ministry of Communication and Digital Affairs, to promote the digital ecosystem by empowering startup products and services. Second, with the Ministry of Higher Education, Science, and Technology, to strengthen research and development collaboration in the electricity sector. Additionally, PLN Group signed strategic partnerships with several selected startups, covering technology advancements such as Internet of Things (IoT), Artificial Intelligence (AI), carbon capture technology, and electric vehicle solutions. Some of these collaborations include: "We hope that through this collaboration, Indonesian energy startups will reach a global level and potentially become unicorns valued at over USD 1 billion, comparable to leading energy startups worldwide," Hartanto concluded.
Yahoo
6 days ago
- Business
- Yahoo
PLN Startup Day 2025: PLN's Support for Indonesia's Greentech Startups
JAKARTA, Indonesia, May 27, 2025 /PRNewswire/ -- PT PLN (Persero) strengthens its commitment to accelerating the energy transition through strategic collaboration with green technology (greentech) startups in Indonesia. This initiative was realized through the PLN Startup Day 2025, themed Powering Partnership: Uniting Forces for Sustainable Energy, held at PLN's Headquarters in Jakarta on Wednesday (May 21). The Indonesian Director General of Digital Infrastructure at the Ministry of Communication and Digital Affairs, Wayan Toni Supriyanto, expressed his appreciation for PLN's initiative, which aligns with the government's vision to build an inclusive and sustainable digital ecosystem. "PLN plays a strategic role in realizing this vision, particularly in integrating digital innovation into energy solutions. Programs such as PLN Connext and events like PLN Startup Day are concrete proof that collaboration between the government, state-owned enterprises, and the innovation sector can address energy challenges," Wayan stated. PLN President Director, Darmawan Prasodjo, emphasized that PLN Startup Day 2025 is more than just an annual agenda—it is a strategic platform for creating future solutions through tangible collaboration with innovators. "Indonesia needs innovation to achieve its energy transition and reach Net Zero Emissions by 2060. This is where startups—especially greentech startups—play a crucial role in developing technological innovations to tackle various challenges in the energy sector," said Darmawan. This year, PLN has successfully engaged 63 energy startups. Of these, 20 startups have participated in the incubation program, 20 startups have signed Memorandums of Understanding (MoUs) through the PLN Connext program, and 16 startups have established concrete collaborations with PLN in various strategic programs. PLN Director of Corporate Planning and Business Development, Hartanto Wibowo, explained that PLN is developing a startup ecosystem through two main programs. First, collaboration with later-stage startups, focusing on innovative solutions directly integrated into the national energy system. Second, an incubation program for early-stage startups, providing mentoring, training, and business exploration to support long-term growth and impact. "Since 2023, through PLN Connext, we have built a structured and tangible energy startup ecosystem. We believe startups are catalysts for change because of their agility, creativity, and high level of innovation," said Hartanto. As part of strengthening synergies with the government, PLN signed two strategic collaborations during the event. First, with the Ministry of Communication and Digital Affairs, to promote the digital ecosystem by empowering startup products and services. Second, with the Ministry of Higher Education, Science, and Technology, to strengthen research and development collaboration in the electricity sector. Additionally, PLN Group signed strategic partnerships with several selected startups, covering technology advancements such as Internet of Things (IoT), Artificial Intelligence (AI), carbon capture technology, and electric vehicle solutions. Some of these collaborations include: PLN Icon Plus with startups Magnar and for IoT and AI solutions. PLN Enjiniring with TechnoGIS in AI applications for engineering. PLN Nusadaya with Algatek for carbon capture technology. PLN Electricity Services with Starvo in operation and maintenance of EV charging stations (SPKLU). PLN Haleyora Powerindo with Charged, advancing electric vehicle fleets. "We hope that through this collaboration, Indonesian energy startups will reach a global level and potentially become unicorns valued at over USD 1 billion, comparable to leading energy startups worldwide," Hartanto concluded. View original content to download multimedia: SOURCE PT. PLN (Persero) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
PLN Startup Day 2025: PLN's Support for Indonesia's Greentech Startups
JAKARTA, Indonesia, May 27, 2025 /PRNewswire/ -- PT PLN (Persero) strengthens its commitment to accelerating the energy transition through strategic collaboration with green technology (greentech) startups in Indonesia. This initiative was realized through the PLN Startup Day 2025, themed Powering Partnership: Uniting Forces for Sustainable Energy, held at PLN's Headquarters in Jakarta on Wednesday (May 21). The Indonesian Director General of Digital Infrastructure at the Ministry of Communication and Digital Affairs, Wayan Toni Supriyanto, expressed his appreciation for PLN's initiative, which aligns with the government's vision to build an inclusive and sustainable digital ecosystem. "PLN plays a strategic role in realizing this vision, particularly in integrating digital innovation into energy solutions. Programs such as PLN Connext and events like PLN Startup Day are concrete proof that collaboration between the government, state-owned enterprises, and the innovation sector can address energy challenges," Wayan stated. PLN President Director, Darmawan Prasodjo, emphasized that PLN Startup Day 2025 is more than just an annual agenda—it is a strategic platform for creating future solutions through tangible collaboration with innovators. "Indonesia needs innovation to achieve its energy transition and reach Net Zero Emissions by 2060. This is where startups—especially greentech startups—play a crucial role in developing technological innovations to tackle various challenges in the energy sector," said Darmawan. This year, PLN has successfully engaged 63 energy startups. Of these, 20 startups have participated in the incubation program, 20 startups have signed Memorandums of Understanding (MoUs) through the PLN Connext program, and 16 startups have established concrete collaborations with PLN in various strategic programs. PLN Director of Corporate Planning and Business Development, Hartanto Wibowo, explained that PLN is developing a startup ecosystem through two main programs. First, collaboration with later-stage startups, focusing on innovative solutions directly integrated into the national energy system. Second, an incubation program for early-stage startups, providing mentoring, training, and business exploration to support long-term growth and impact. "Since 2023, through PLN Connext, we have built a structured and tangible energy startup ecosystem. We believe startups are catalysts for change because of their agility, creativity, and high level of innovation," said Hartanto. As part of strengthening synergies with the government, PLN signed two strategic collaborations during the event. First, with the Ministry of Communication and Digital Affairs, to promote the digital ecosystem by empowering startup products and services. Second, with the Ministry of Higher Education, Science, and Technology, to strengthen research and development collaboration in the electricity sector. Additionally, PLN Group signed strategic partnerships with several selected startups, covering technology advancements such as Internet of Things (IoT), Artificial Intelligence (AI), carbon capture technology, and electric vehicle solutions. Some of these collaborations include: PLN Icon Plus with startups Magnar and for IoT and AI solutions. PLN Enjiniring with TechnoGIS in AI applications for engineering. PLN Nusadaya with Algatek for carbon capture technology. PLN Electricity Services with Starvo in operation and maintenance of EV charging stations (SPKLU). PLN Haleyora Powerindo with Charged, advancing electric vehicle fleets. "We hope that through this collaboration, Indonesian energy startups will reach a global level and potentially become unicorns valued at over USD 1 billion, comparable to leading energy startups worldwide," Hartanto concluded. View original content to download multimedia: SOURCE PT. PLN (Persero) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
14-05-2025
- Business
- Business Mayor
AEXchanger Re-launch Sets the New Standard for Crypto Exchange in Europe
Advertisment Europe's crypto landscape is evolving fast. With MiCA and DORA regulations reshaping how digital assets are handled across the EU, platforms are being pushed toward higher standards in transparency, security, and usability. AEXchanger — a licensed, European-born crypto exchange — is already moving in that direction. In April 2025, the platform launched a major redesign aimed at making crypto access smoother, faster, and safer, while preparing for full regulatory alignment. Designed for Simplicity, Built for Safety The updated platform focuses on what matters most to everyday users: ● Average exchange time: just 4–5 minutes ● A modern, mobile-first interface that feels intuitive and secure ● Support for multiple fiat currencies including EUR, USD, CZK, and PLN ● Streamlined user flow from start to finish — no delays, no confusion But under the hood, the platform also prioritizes safety. Licensed in the Czech Republic, AEXchanger almost meets key national compliance standards and applies KYC/AML procedures across all transactions. As European regulations evolve, AEXchanger is actively enhancing its systems to align with MiCA and DORA, with full compliance now in sight. A Hybrid Approach: Fast, Regulated, Human AEXchanger isn't aiming to replace the biggest exchanges — it's focused on making crypto practical, accessible, and trustworthy. ● Speed and simplicity, like P2P platforms ● Full licensing and regulatory oversight ● Real human support for every customer interaction ● Strategic partnerships with Kraken, WhiteBIT, Guardarian, Itez, and PayDo This hybrid approach lets users access digital assets in minutes, with the peace of mind that comes from working with a secure, regulated platform. It's a structure designed for today's user — one who values both ease and accountability. AEXchanger isn't standing still. The roadmap shows a clear progression from user-first tools to a broader crypto services suite: ● June 2025 — Crypto solutions and integration tools for businesses ● September 2025 — Multi-functional wallet with staking and rewards ● October 2025 — Native mobile apps for iOS and Android These developments will continue to build on AEXchanger's foundation of security, usability, and compliance-readiness. Positioned for the Future of European Crypto Recent data from Statista shows that 55+ million Europeans already use crypto. That number could hit 73 million by 2026. With that growth comes a shift in expectations — from speed alone to speed with trust. According to the European Blockchain Observatory, 62% of EU users now say they prefer regulated platforms. AEXchanger is not just following that trend — it's actively building for it. By combining real-world compliance with user-first design and a strong operational backbone, AEXchanger is positioning itself at the forefront of Europe's maturing crypto ecosystem. It's fast. It's safe. And it's getting even more aligned with what the future of regulation demands.
Yahoo
13-05-2025
- Business
- Yahoo
Bank Millennium SA (WAR:MIL) Q1 2025 Earnings Call Highlights: Robust Profit Growth Amid ...
Net Profit: 179 million PLN, a growth of 40% year-on-year. Net Profit Excluding Extraordinary Items: 718 million PLN, a 7% growth year-on-year. Net Interest Income: Increased by 5% year-on-year. Net Interest Margin: 4.23%. Total Costs: Grew 12% on a reported basis; 7% when adjusted for higher regulatory costs. Cost to Income Ratio: Adjusted at 34.5%, reported at 41%. Cost of Credit Risk: 45 basis points over total loans. NPL Ratio: Stable at 4.5%. Total Capital Ratio: 17.3% at the end of March. Core Tier One Ratio: 15.2%. Long Term Funding Ratio: 33%, on track to reach over 40% by December 2026. Net Fee and Commission Income: Dropped 9% year-on-year. Total Provisions: 87 million PLN, 28% lower than one year ago. Loan to Deposit Ratio: Dropped to 62% in the first quarter. FX Mortgage Portfolio Reduction: Accelerated to 29% year-on-year. Provisions for Legal Risk: 411 million PLN created in the quarter. Deposits Growth: 6% year-on-year. Consumer Loans Growth: 7% year-on-year. Corporate Loans Growth: 4% year-on-year. Investment Funds Growth: 32% year-on-year. Active Retail Clients: 3,163,000, with 94% digitally active. Cash Loan Sales: Increased by 19% year-on-year, reaching 1.8 billion PLN. Mortgage Loan Sales: Decreased to 800 million PLN, almost half of the previous year. Retail Deposits Growth: 11% year-on-year. Current Accounts and Savings Accounts Growth: Faster growth year-on-year than term deposits. New Retail Clients: Added 28,000 in the first quarter. New Microbusiness Clients: Added 5,000 year-on-year. Active Digital Users Growth: 6-7% increase. Corporate Loan Growth: 4% year-on-year, 2% versus the previous quarter. Corporate Deposits Contraction: 9%, with a 30% drop in term deposits. Warning! GuruFocus has detected 6 Warning Sign with WAR:MIL. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bank Millennium SA (WAR:MIL) reported a net profit of 179 million slottis, marking a 40% growth compared to the previous year. The net interest income increased by 5% year on year, with a net interest margin of 4.23%. The bank maintained a strong capital position with a consolidated total capital ratio of 17.3% and a core tier one ratio of 15.2%. Asset quality remained robust, with a stable NPL ratio at 4.5% and improved coverage of NPLs by total provisions to 74%. Customer acquisition continued at a solid pace, with a net addition of 28,000 retail clients and 5,000 active microbusiness clients in the first quarter. Total costs increased by 12% year on year, with adjusted costs rising by 7% due to higher regulatory expenses. Net fee and commission income dropped by 9% year on year, impacted by changes in the bank assurance business model. There was a significant decrease in mortgage loan sales, which fell to 800 million slottis, nearly half of the previous year's origination. Corporate deposits contracted by 9% year on year, driven by a 30% decrease in term deposits. The FX mortgage portfolio saw a 9% drop in the quarter, with provisions for legal risk amounting to 411 million slottis. Q: Can you provide more details on the factors contributing to the 40% growth in net profit despite high regulatory costs? A: Fernando Bicho, Deputy Chairman of the Management Board: The 40% growth in net profit was achieved despite high regulatory costs due to a combination of factors. These include a 5% increase in net interest income year-on-year and a stable net interest margin at 4.23%. Additionally, the cost of credit risk remained low at 45 basis points, and the NPL ratio was stable at 4.5%. The bank also benefited from a strong capital position, with capital ratios improving despite the initial impact of CRR3. Q: How did the bank manage to maintain a strong capital position, and what were the key drivers? A: Fernando Bicho, Deputy Chairman of the Management Board: The bank maintained a strong capital position with a total capital ratio of 17.3% and a core tier one ratio of 15.2%. Key drivers included the incorporation of the second half results of last year into own funds, positive impacts from securitization performed in December, and revaluation of the bond portfolio. These factors offset the initial estimated impact of CRR3. Q: What is the current status of the FX mortgage portfolio, and how is the bank addressing related legal risks? A: Fernando Bicho, Deputy Chairman of the Management Board: The FX mortgage portfolio saw a reduction of 29% year-on-year, with a 9% drop in the quarter. The bank created 411 million slots of provisions for legal risk, slightly lower than previous quarters. The total provisions outstanding reached 7.3 billion slots, representing 132% of the gross outstanding amount. The number of settlements exceeded new court cases, continuing a positive trend. Q: Can you elaborate on the bank's strategy for loan and deposit growth, particularly in the retail and corporate segments? A: Joao Jorge, Chairman of the Management Board: In the retail segment, the bank achieved a 7% growth in consumer loans and a 6% growth in deposits year-on-year. The corporate segment saw a 4% growth in loans, while deposits contracted by 9% due to tighter pricing of time deposits. The bank is focusing on growing current accounts and savings accounts, which showed faster growth than term deposits. Q: What are the key highlights in terms of digital transformation and customer acquisition? A: Fernando Bicho, Deputy Chairman of the Management Board: The bank continues to see strong digital engagement, with 94% of customers being digitally active. There was a 6-7% growth in active digital and mobile app users, reaching 2.72 million active users. The bank added 28,000 retail clients and 5,000 active microbusiness clients in the first quarter, with a significant share of new current account acquisitions occurring digitally. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
