Business and Investment
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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.
Mitratel to increase its Capex to IDR14 trillion for telecommunications infrastructure
PT Dayamitra Telekomunikasi Tbk (Mitratel) has increased its capital expenditure (Capex) from previously IDR10 trillion to IDR14 trillion on telecommunication towers and fiber optics.
Merdeka Tsingshan (MTI) gets injection to raise copper facility management
MTI received a capital injection from PT Merdeka Copper Gold Tbk (MDKA) to increase copper facility management in Morowali for export on Monday 1st August 2022 which was promised on 29th July 2022.
Silo Maritime readies Capex of US$100 million to procure new ships
PT Sillo Maritime Perdana Tbk has allocated US$100 million of capital expenditure (Capex) to procure new ships. This year's Capex is 82% higher compared to the 2021's.
Toba Surimi goes public to increase production capacity
PT Toba Surimi Industries conducted initial public offering (IPO) on August 2, 2022, and raised IDR58.5 billion funds for capital expenditure (Capex) to increase its production capacity.
Adaro Energy expands its wing to carbon project
Publicly listed coal miner PT Adaro Energy Indonesia Tbk announced it would expand its coal business to carbon business through subsidiaries of PT Hutan Amanah Lestari (HAL) and PT Adaro Persada Mandiri (APM). APM would provide IDR45.5 billion loan for capital expenditure (Capex) allocation to HAL.
Indomobil Sukses to spend IDR 2 trillion of Capex on rental services development
Automotive distributor PT Indomobil Sukses Internasional Tbk has planned to spend IDR2 trillion of capital expenditure (Capex) to further develop its car rental services, logistics and other business sector.
Telkom utilizes Capex investment for future development
State-owned enterprise PT Telkom Indonesia Tbk has absorbed its IDR40 trillion capital expenditure (Capex) to develop its support infrastructure in the first quarter of 2022. Among the investments are establishing data centers in Cikarang, Bekasi regency, and increasing the quality of 4G and 5G services to enhance the company's digital quality.