Business and Investment
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Indika Energy absorbs US$19.3 million of Capex in H1 2022
PT Indika Energy Tbk has spent US$19.3 million out of the allocated budget of US$193 million towards the company’s subsidiaries and its ongoing gold mine project.
Blue Bird allocates IDR 1.2 trillion to buy electric vehicles, pool revitalization
PT Blue Bird Tbk (BIRD) has spent IDR300 million towards the purchasing of 800 units of vehicles and planning to acquire between 4,000 and 5,000 units until the end of 2022. From that figure, between 75 and 100 of them are electric vehicles for the G20 Summit in Bali in November.
Astra Graphia gains IDR31 billion profit, to expand data center in 2022
PT Astra Graphia Tbk (ASGR) posted a IDR31 billion net profit in the first half of 2022 and plans to expand data centers to support its total solution business towards the company subsidiaries.
Segar Kumala opens up new cold storage facilities
PT Segar Kumala Indonesia Tbk (BUAH) allocated its Capex for 2022 worth IDR19.4 billion which originated from recent initial public offering (IPO) funds. The Capex is for the construction of three new cold storage facilities.
Pizza Hut expands business to reach sales target of IDR3.4 trillion in 2022
PT Sarimelati Kencana Tbk, famous for its Pizza Hut restaurant chain, continues its business expansion throughout Indonesia with a total capital expenditure (Capex) of IDR300 billion this year. The company has absorbed 45% of the Capex in 2022.
Pertamina Power uses Capex for NRE transition
PT Pertamina Power Indonesia (PPI) has initiated its long-term plan for 2020-2024 by using 9% of its capital expenditure (Capex) to develop green hydrogen pilot project in Ulubelu, Lampung.
Mega Perintis gains IDR52 billion profit, to open 40 outlets in 2022
PT Mega Perintis Tbk (ZONE) has added 23 new booths in the first half of 2022 and will add the remaining 17 outlets in the later half for offline sales, while also developing support for online sales. Based on the company's financial statements, its net profit in the first semester of 2022 reached IDR52 billion, a 184% increase from the first semester of 2021.
ELPI launches IPO, to raise IDR222.4 billion for Capex
PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) listed its initial public offering (IPO) on Indonesia Stock Exchange (IDX) on August 4, 2022, and targeted to raise IDR222.4 billion fund for its capital expenditure (Capex).
Astra records IDR143.69 trillion net income, absorbs IDR8 trillion Capex in H1 2022
PT Astra International Tbk posted a net income of IDR143.69 trillion in the first half of 2022, a 34% increase from the same period last year. The multinational conglomeration also absorbed IDR8 trillion of the allocated IDR20 trillion capital expenditure (Capex) in H1 2022 for business expansion.
Bukaka allocates IDR500 billion in Capex
PT Bukaka Teknik Utama Tbk (BUKK) has allocated IDR500 billion in capital expenditure (Capex) for 2022 for the company subsidiaries' business development to increase profits and sales.
Gajah Tunggal to spend US$10 billion for maintenance, machine procurement
PT Gajah Tunggal Tbk has prepared a US$ 10 billion capital expenditure (Capex) for machine maintenance and semi-automated machine procurement.
Samudera Indonesia allocates US$57 million in Capex to expand business
Logistics and shipping company PT Samudera Indonesia Tbk is aggressively expanding its business by allocating capital expenditure (Capex) worth US$57 million in the first semester of 2022.