News & Press Releases Archives - PT Mitra Cakrawala International

16 December 2025

SG Finance Achieves Outstanding Recognition from APPI

SG Finance once again closed the year on a strong note by receiving a prestigious award at the APPI Members Meeting and Appreciation Awards 2025, held at The Raffles Hotel, South Jakarta, on Wednesday (3/12/2025).

At the event, SG Finance was named First Place as Best Financing Company of APPI 2025 in the category of Financing Companies with Assets Below Rp5 Trillion. In addition, the company was also recognised among the Top Five Financing Companies of 2025 for the same asset category.

The award was presented in recognition of the company’s consistent performance, strong implementation of good corporate governance, and its contribution to supporting the growth of Indonesia’s financing industry.

The assessment was based on key indicators, including regulatory compliance, profitability and growth, profitability ratios, operational efficiency ratios, and market perception.

Three Consecutive Years of Achievement

This outstanding performance further reinforces SG Finance’s credibility, following its previous achievements as First Place as Best Financing Company 2023 in the Assets Category Below Rp1 Trillion, and Second Place as Best Financing Company 2024 in the Assets Category Below Rp5 Trillion.

These consecutive accolades demonstrate SG Finance’s strong commitment to maintaining consistent and healthy performance growth. The awards also reflect the industry’s growing confidence in the company’s performance and corporate governance practices.

Driving Motivation to Strengthen Innovation

Recognition from APPI through this award provides renewed motivation for SG Finance to continue enhancing its performance.

SG Finance’s management stated that this achievement serves as encouragement to further improve service quality, strengthen innovation, and deliver relevant and sustainable financing solutions for business partners and the wider community.

This accomplishment further solidifies SG Finance’s commitment to sustaining healthy growth momentum while creating added value for all stakeholders.

This achievement is also expected to help raise overall standards within the financing industry, with a continued focus on innovation, efficiency, and sustainability.

With this recognition, SG Finance is increasingly confident in facing industry challenges while unlocking greater opportunities ahead.

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25 September 2025

MCI Renewables’ Strategic Milestones at IIGCE 2025

The vibrant energy of the 2025 Indonesia International Geothermal Convention & Exhibition (IIGCE), served as a backdrop for MCI Renewables to solidify its presence in the clean energy sector.

Over three days, the MCI Renewables booth became more than just an exhibition space, but also a meeting point for dialogue, exchange of ideas, and emerging collaboration opportunities.

A Strong Opening Message

On the first day, MCI Renewables highlighted geothermal energy as a vital long-term solution for Indonesia’s energy transition.

The booth drew a diverse crowd of government officials, developers, investors, and academics. Notably, representatives from PLN visited to discuss policy directions, and strategies for accelerating the utilisation of Indonesia’s vast geothermal potential.

Key Milestone on the Second Day

The second day marked a significant milestone as a delegation from Mitsui & Co. Ltd., visited the booth to gain deeper insight about the company’s vision and portfolio.

Representatives from Mitsui engaged in direct discussions with MCI Renewables’ management team, exploring potential collaborations, investment opportunities, and the latest developments in Indonesia’s geothermal industry.

This engagement reflects the growing global interest in Indonesian geothermal development as a strategic opportunity.

An Optimistic Conclusion

The final day concluded with a reflective yet optimistic atmosphere. For MCI Renewables, IIGCE 2025 was not a finish line, but the start of a broader journey in supporting Indonesia’s energy future.

Participation was not merely about showcasing the company’s vision and portfolio but also about building networks, strengthening cross-sector collaboration, and reaffirming commitment to the realisation of geothermal projects across Indonesia.

MCI Renewables ended the event with a clear long-term vision and a firm belief, that geothermal energy is central to building a sustainable and resilient national energy system.

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20 September 2025

MCI Renewables Officially Becomes a Member of API-INAGA

We are proud to announce that our sub-holding, MCI Renewables, is now officially a member of the Indonesian Geothermal Association (API-INAGA).

This membership marks a strategic step for MCI Renewables in strengthening our role in the renewable energy industry, particularly in the geothermal sector.

API-INAGA is an organisation that brings together geothermal stakeholders in Indonesia, ranging from developers and technology providers to consultants and academics.

With more than 40 years of experience, the association has played an active role in promoting the utilisation of Indonesia’s geothermal potential, which reaches over 23.9 GW.

Through API-INAGA, MCI Renewables gains a broader platform for collaboration with stakeholders, including the government, academia, and the geothermal energy community.

This also opens opportunities for MCI Renewables to contribute to policy formulation, knowledge exchange, and the acceleration of geothermal energy development in Indonesia.

For us, joining API-INAGA is a reflection of our commitment to supporting the national energy transition towards more sustainable resources.

We believe that with the support of a strong network, MCI Renewables is optimistic about accelerating the realisation of geothermal projects and delivering positive impacts for society, the environment, and the national economy.

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9 June 2025

Harmand Commemorates Eid al-Adha 1446 H with Qurban

Harmand once again carried out its annual qurban tradition to commemorate Eid al-Adha 1446 H / 2025, as an expression of gratitude and social compassion.

The sacrificial slaughter of one goat took place at the Cipondoh area in Tangerang, with the involvement of Harmand employees and representatives from a nearby mosque.

The qurban ceremony was conducted in a simple yet solemn manner, reflecting the values of sincerity and togetherness that are central to the spirit of Eid al-Adha.

The qurban meat was then distributed to the local residents as part of the company’s commitment to building harmonious relationships with the surrounding community.

In addition to its spiritual and social significance, the qurban also coincided with the start of Harmand’s latest project, which is scheduled to begin in late June 2025.

The qurban ceremony also served as a hopeful symbol of a positive beginning for the success of the upcoming project.

Through activities like this, PT Harmand Intimarin Indonesia hopes to continuously nurture the values of togetherness, gratitude, and social responsibility alongside the company’s growth.

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5 June 2025

SG Finance “Excellent” Rating for Ten Consecutive Years

SG Finance has once again achieved a proud milestone by being included in the “130 Multifinance Rating by Infobank 2025”, thanks to its outstanding performance throughout 2024.

With this achievement, SG Finance has now earned the title “Excellent” for ten consecutive years, a recognition that not only reflects the company’s strong fundamentals but also proves its consistent superior performance.

This success is closely tied to SG Finance’s exceptional financial performance amid the dynamic and challenging economical landscape. They closed 2024 with significant growth across key financial indicators.

SG Finance was rated highly resilient in terms of growth and financial ratios, scoring an impressive 96,31%, a key metric used in the rating assessment.

In addition, the company recorded a financing increase of 28,56%, rising from Rp1,20 trillion to Rp1,55 trillion in 2023. This figure far outpaced the multifinance industry growth average of only 6,9%.

2025 Business Outlook

The company remains optimistic about its 2025 business outlook. SG Finance is targeting balanced growth through a portfolio rebalancing strategy, built on the strong performance of the previous year.

One of the concrete steps taken is the expansion of working capital financing through factoring, a segment they’ve been developing over the past three years.

While continuing to boost factoring, SG Finance maintains balance by strengthening finance lease products, their main offering that has consistently supported overall performance.

SG Finance aims to reinforce its position in the heavy equipment and vehicle financing segment, with a core focus on the mining sector.

Long-term Vision

Furthermore, President Director Evelyn Halim stated that the company has mapped out a long-term vision to position SG Finance as a financing company with total assets exceeding Rp5 trillion.

This goal will be supported by expanding their business network beyond Jakarta and increasing green financing initiatives in response to global trends and sustainability demands.

The adoption of Environmental, Social, and Governance (ESG) principles is also being embedded into SG Finance’s strategic plans as a core value.

It is no surprise that this achievement has been recognized by various stakeholders, including Infobank, which annually assesses hundreds of finance companies based on their financial performance in its multi-finance rating.

The “Excellent” rating once again earned by SG Finance is a proof that the company not only survives but continues to grow aggressively and healthily in a competitive business ecosystem.

This consistency remains the key to gaining trust from customers, business partners, and other financial institutions.

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22 March 2025

MCI Veronica Gratitude Celebration

The MCI Veronica ship crew held a tumpeng-cutting celebration as an expression of gratitude on February 19, 2025.

This event marked a significant moment for the entire team to celebrate the vessel’s first step in supporting MCI Shipping’s operations.

The entire ship crew gathered with great enthusiasm to witness this special moment and marked the vessel’s operational commencement with hopes for success and safety on every voyage.

Capt. Tommy Soselisa, the Master of the Vessel, continued the event by delivering his opening speech, where he expressed his hopes for MCI Veronica to operate smoothly and contribute meaningfully to the company.

Capt. Pieter Uktolseja, Crew & QHSE Dev Head, representing the Jakarta Office, and Capt. Yanni Richard, Branch Manager, representing the Banjarmasin Office, also delivered their speeches.

They used this occasion to reaffirm their commitment to continuously support the vessel’s operations and maintain synergy between the sea and land teams in achieving a shared vision.

As the highlight of the event, the team performed a traditional tumpeng-cutting ceremony to express gratitude and prayers for MCI Veronica’s blessed journey.

They then shared the tumpeng among all the crews as a gesture of unity and good wishes for the future.

The ceremony concluded with a communal meal, where the crew and team enjoyed the dishes in a warm and family-like atmosphere.

This moment symbolized strong camaraderie and teamwork as they faced future challenges together.

The gratitude celebration for MCI Veronica was not just a celebration but also the beginning of a long journey filled with challenges and opportunities.

The entire team remains optimistic that this vessel will play a vital role in supporting MCI Shipping’s growth in the future.

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10 March 2025

CPB Sets Strategic Course at 2025 Annual Meeting

CPB held its annual work meeting, that not only focused on performance evaluation but also aimed to strengthen team togetherness.

With the theme, “Time to Shine Brighter, Aim Higher, and Move Forward Together,” the event took place over three days, from January 15 to 17, 2025, at Rattan Inn, Banjarmasin.

Performance Review and Strategic Planning

The first two days were dedicated to performance reviews and operational strategy development for the upcoming year.

The sessions covered various key aspects, including operational evaluation, workplace safety, Plant & SCM program planning, mining management strategies, and equipment maintenance strategies.

One of the key highlights of the discussions was the presentation on the Bhineka and Bintang Project milestones.

Along with the signing of the Key Performance Indicator (KPI) commitment, which serves as the foundation for achieving the company’s targets.

Strengthening Inter-Subsidiary Collaboration

In addition to reinforcing operational strategies, CPB also held sessions aimed at enhancing collaboration among subsidiaries under the MCI Group.

This included the Joint Sign-Off (JSO) Parameter between CPB and BMB, symbolizing a stronger collaborative commitment.

There was also a product knowledge sharing session with LGMG, providing valuable insights for the team on technological and equipment developments that support operational efficiency.

Team-building for All Employee

On the third day, the team engaged in team-building activities and icebreakers that fostered teamwork and camaraderie, following two days of intensive strategic discussions.

A series of games and team challenges were arranged to improve communication, build trust, and encourage collaboration.

These activities ensured that participants not only had fun but also gained valuable experiences that strengthened team synergy.

Laughter and excitement filled the day, showing that a strong work ethic thrives when team members build solid relationships.

CPB hopes to embrace better plans and a clearer vision for the future through this event, moving forward with greater unity and determination.

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9 March 2025

Strengthening Operations: LGMG Machine Handover to CPB

The collaboration at MCI is not only fostered among colleagues but also reflects the support between subsidiaries.

CPB officially received the handover of LGMG units in an inauguration ceremony filled with optimism on February 11, 2025.

The addition of these units marks an important step in enhancing operational productivity, particularly in supporting CPB’s mining activities at PIT Bhineka.

LGMG machinery is known for its durability and efficiency, which is expected to help CPB’s operations in achieving more optimal targets.

Beyond expanding operational assets, this handover event also serves as a symbol of the strong collaboration between CPB and LGMG.

This partnership is expected to continue growing to support seamless operation, and addressing the increasingly dynamic challenges of the mining industry.

With the addition of LGMG machines, CPB is even more optimistic about tackling operational challenges and meeting its production targets.

This step further reinforces the company’s commitment to utilizing reliable, efficient, and sustainable technology.

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8 March 2025

CPB First Cut Ceremony at PIT Bhineka

On 11 February, 2025, a historic moment took place with the First Cut Ceremony at PIT Bhineka (Block 3 Binuang), marking the commencement of operations at a new mining site with CPB as the main contractor for BMB Blok Tiga.

The First Cut is a crucial stage in the mining industry, where land clearing is carried out for the first time before moving into a larger-scale production phase.

As a strategic partner of BMB, CPB has been entrusted with managing mining operations in Block 3, which is expected to make a significant contribution to supporting production targets and industry sustainability.

As the main contractor, CPB brings its experience and expertise in mine management, covering land clearing, material handling, and the implementation of strict occupational safety (K3) standards.

CPB is committed to operating with high efficiency while adhering to all mining regulations.

This First Cut Ceremony marks the beginning of a long journey of exploration and production in Block 3.

Through strong collaboration between BMB and CPB, this project is expected to stay on target, enhance productivity, and create a positive impact for all stakeholders involved.

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12 February 2025

Extending Support to People with Disabilities at YPAC

Building inclusivity means creating a space where every individual, regardless of their limitations, feels accepted, valued, and has equal opportunities to grow.

This message is what SG Finance aims to convey through its support for people with disabilities, as a tangible commitment to building a more equitable and compassionate society.

This support was demonstrated by providing a donation of IDR 100,000,000 (one hundred million rupiah) to purchase special assistive devices for the Foundation for the Development of Disabled Children (YPAC) Jakarta. The donation was handed over directly by Denny Yo, Director of Operations at SG Finance, on Thursday, November 28, 2024.

The Foundation for the Development of Disabled Children (YPAC) is a nonprofit organization focused on nurturing the potential and independence of individuals with physical disabilities, particularly those with Cerebral Palsy (CP).

Initially, YPAC’s services were aimed at addressing polio cases, but over time, they expanded to include cases of cerebral palsy and developmental disorders affecting physical and sensory functions.

YPAC’s collaboration partners include Cipto Mangunkusumo Hospital, EKI Dance Company, and several universities, both public and private, involved in education, therapy services, psychological consultations, and orthotics prosthetics, such as Indonesia University, Esa Unggul University, Ministry of Heath Polytechnic, and others.

The donation from SG Finance will primarily be used to assist YPAC Jakarta students who are in urgent need of special assistive devices.

The required assistive devices vary and include AFOs (ankle-foot orthoses), study desks and chairs, walkers, CP wheelchairs, adaptive wheelchairs, hand backslaps, adaptive seating, adaptive electric wheelchairs, chest belts, neck collars, scoliosis corsets, and hearing aids.

This donation is expected to provide meaningful support to students and children in need while benefiting the broader community.