Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
OCBC NISP invites young innovators in Hack@ON to create better services
The ongoing COVID-19 pandemic in the past two years has prompted Indonesian banking customers to switch their activities to digital space, data from the Communication and Information Ministry show.
Indonesia Infrastructure Finance offers financing opportunities to foreign investors, companies
PT Indonesia Infrastructure Finance (IIF), a private non-bank financial institution under the Finance Ministry, is offering financing opportunities to foreign investors and companies who want to finance their projects in Indonesia.
MBSS gets credit facility from BCA to meet demand on nickel cargo
Energy shipping company PT Mitrabahtera Segara Sejati Tbk (MBSS) purchased new vessels using bank loans worth IDR570 billion in order to fulfill demand on nickel cargo transportation.
Panca Anugrah Wisesa focuses on wall paneling, showrooms
Luxury furniture maker and interior appliances PT Panca Anugrah Wisesa Tbk is looking forward to create a new business in wall paneling in 2022. The company also focuses on expanding its showrooms in Surabaya, Pantai Indah Kapuk (PIK) in North Jakarta and another location which will be decided later.
Prodia focuses on digitalization development
Clinical laboratory chain PT Prodia Widyahusada Tbk is focusing on technological advances as it has successfully implemented digitalization in coincide with the start of the COVID-19 pandemic since early March 2000.
West Java offers clean energy, infrastructure to foreign investors
West Java has offered several investment opportunities in various sectors, most importantly in renewable energy, industrial estate development and infrastructure, to foreign investors.
PAM Mineral aims to raise production target
PT PAM Mineral Tbk has aimed to increase its production target by expanding the exploration of its two mines. The company has targeted its nickel ore sales to 1.5 million tons in 2022, a slight increase from 1.3 million tons in 2021. The 1.5 million tons targeted sales consist of 900,000 tons of high grade nickel ore and 600,000 tons of low grade nickel ore.
Perma Plasindo focuses on developing e-filing technology
PT Perma Plasindo Tbk, which manufactures high quality office equipment under the brand Bantex, has set company strategy in 2022. Among the strategies are to increase its production capacity, strengthen its distribution network, provide timely and appropriate services, improve quality and maintain the company's management performance and develop e-filing technology.
Tifico keen on improving supply chain due to disruptions
Polyester chip producer PT Tifico Fiber Indonesia Tbk has been facing global supply chain disruption as of the first quarter of 2022, forcing the company to reduce its Capex and make strategic policies.
PT Indonet Tbk seeks new vendors for EDGE 2 project
PT Indointernet Tbk (EDGE) - more popular as Indonet - is focusing on developing its second project EDGE 2 and finishing what is left of EDGE 1. Currently, the company is still selecting vendor related to the construction of EDGE 2. Indonet’s Capital Expenditure (Capex) in 2022 reached IDR2.8 trillion and the funds came from the company’s internal assets and loans from Bank Central Asia (BCA), the country’s biggest private lender.
Cita Mineral raises its capex for infrastructure development
Mining company PT Cita Mineral Investindo Tbk has budgeted IDR42.55 billion in capital expenditure (Capex) in 2022 to be invested for infrastructure strengthening, procurement of equipment or mining support vehicles owned by the company. In 2021, the company allocated a mere IDR6.9 billion for investment, most of which was used for the Capex.
Kencana Energi develops renewable energies
PT Kencana Energi Lestari Tbk, the only private energy company in renewable energy (EBT) sector, has aimed to assist the Indonesian government in its mission to achieve net zero emissions by 2060. The company develops a number of renewable energy sources, including hydropower, solar PV (photovoltaic) and biomass.