Business and Investment
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Jasuindo pursues advancements in digitalization
Digitalization has become an important factor for businesses in the midst of COVID-19 pandemic and advancement technology in the new era. Printing company PT Jasuindo Tiga Perkasa Tbk is not excluding from facing problems in this advancement. The need for expansion for the company’s core machinery is important for their investment.
Mayora prepares Capex of IDR2 trillion to develop wafer, biscuit factory
Publicly listed food company PT Mayora Indah Tbk was optimistic that the company's performance would continue to grow this year despite challenges from the ongoing COVID-19 pandemic.
Indo-Rama sets eyes on gold, silver mining
Indonesian textile company PT Indo-Rama Synthetics Tbk is diversifying its business to gold and silver mining.
Citra Tubindo pursues geothermal power plant projects
The biggest and oldest tubular goods producer in Batam, Indonesia, PT Citra Tubindo Tbk focuses on new sources of income from renewable sources, particularly geothermal energy.
Arkora Hydro goes public on IDX, to raise IDR179.77b
Renewable energy firm PT Arkora Hydro Tbk officially listed its shares on the Indonesia Stock Exchange (IDX) trading board, planning for an initial public offering (IPO) through the issuance of 579.9 million new shares. The new shares represented 20% of its capital after the IPO.
Hartadinata Abadi to expand stores, pawnshops
Gold and jewelry company PT Hartadinata Abadi Tbk will invest IDR40 billion as capital expenditure (Capex) by 2022. As of June 2022, the firm has spent approximately IDR15 billion.
Sumber Global Energy works on waste-to-energy project, nickel mining
Mining company PT Sumber Global Energy Tbk is developing a US$69 million waste-to-energy project in West Java. This pilot project's funding will come from bank loans.
Palm kernel shells tested as biomass for PLN's coal-fired power plant
State-owned electricity company PT PLN, through its subsidiary PT Pembangkitan Jawa Bali (PJB), successfully used palm kernel shell biomass as coal replacement (co-firing) at the 2x7 MW (MegaWatts) Tembilahan coal-fired power plant in Indragiri Hilir regency, Riau Province.
Dutch firm Tidal Bridge BV to build 40 MW tidal power plant in East Nusa Tenggara
Tidal Bridge BV, an energy company from the Netherlands, resumes its plan to build a tidal energy power plant integrated with the Pancasila-Palmerah Bridge in Larantuka Strait in East Nusa Tenggara.
Kopetindo, two companies to build wood pellet plant in Bangka Belitung
The Indonesia Renewable Energy Cooperatives (Kopetindo) in cooperation with private companies of PT Biro Teknik Sinar Baru and PT Solusi Energindo Inovasi intend to establish a wood pellet factory in Bangka Belitung Province.
Brantas Energi builds four mini hydropower plants, solar power plant
State-owned company PT Brantas Energi is developing four mini-hydropower plants and one solar power plant in four locations in Indonesia.
Merdeka to allocate US$390 million in Capex for 2022 and 2023
PT Merdeka Copper Gold Tbk, an Indonesian gold mining company, has allocated US$390 million to finance several projects through capital expenditures until 2023.