Business and Investment
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Shandong Nanshan's biggest US$ 6 billion investment for its aluminium smelters
One of Chinese major companies, Shandong Nanshan, will expand its aluminium plant in Indonesia to become a US$ 6 billion smelting complex in 2028. The company will also be constructing an aluminum smelting unit with an annual capacity of 250,000 tons later this year.
Coal mining investment remains strong despite declining commodity prices
Investment in the coal mining sector is predicted to remain strong in the short term because it is supported by the annual production target set by the government. Currently, the flow of investment in coal has not been disrupted by its selling price, which is currently dropping drastically.
Indonesia Stock Exchange (IDX) sees 42 companies IPO raising IDR 32.7 billion
A total of 42 companies are planning to get on the IPO list on the Indonesia Stock Exchange (IDX) with a total fund of IDR 32.7 trillion (US$ 2.2 billion) as of 2023.
Indonesia’s poultry industry expands with first-ever live chicken export to Singapore
Indonesia marked a new chapter in its trade relations with Singapore as it exported 23,040 live chickens, weighing a total of 41.46 tons on Saturday (13/5), according to the Indonesian Ambassador to Singapore Surya Pratomo.
Government secures foreign grants to fund integrated fishing port projects
The Ministry of Marine Affairs and Fisheries has secured funding from foreign grants and loans for the development of integrated and modern fishing ports (PP).
FeNi and NPI taxes are being postponed to achieve equilibrium in sales volume prices
The government has decided to postpone Ferronickel (FeNi) and Pig Iron (NPI) taxes, because the government is waiting for a balance point between nickel sales volume and prices.
PGE, Chevron form joint venture for geothermal project in Lampung
PT Pertamina Geothermal Energy Tbk (PGE) has formed a joint venture with Chevron to participate in the tender for the Way Ratai geothermal working area (WKP) in Pesawaran Regency, Lampung.
Indonesia demands Singapore to develop solar power plant in Indonesia
The Indonesian government demanded Singapore to assist in the development of a solar power plant in Indonesia, as a requirement to import electricity from Indonesia.
Antam and Hong Kong’s CBL in deal for Halmahera Industrial Park share transfer
Antam’s subsidiary, PT International Mineral Capital (IMC), and Hong Kong CBL Limited (CBL), a subsidiary of Ningbo Contemporary Brunp Lygend Co Ltd, have signed a Conditional Share Purchase Agreement (CSPA) to acquire the stake held by Antam in PT Feni Haltim, the operator of Halmahera Industrial Park.
China’s Fujian commits to major investment in Batang Industrial Park
The Fujian Provincial Government plans to invest more in Central Java Province. The Fujian Provincial Government plans to build an energy factory on a 200-hectare plot of land within the Batang Integrated Industrial Park.
Bersama Digital Infrastructure Asia establishes data center in Indonesia
Bersama Digital Infrastructure Asia Pte Ltd (BDIA), a Singapore-based joint venture company between Provident, Saratoga and Macquarie Asset Management, announced their plan to establish the Bersama Digital Data Center (BDDC) in Indonesia.
Adaro mineral build aluminum refining facility to reduce Indonesia's dependence on imports
One of Indonesia's largest mining companies, PT Adaro Minerals Indonesia (ADMR), stated that it will focus on assisting Indonesia to advance the mineral downstream business by building an aluminum refining facility or smelter in North Kalimantan, which is targeted to start operating in Q2 2025.