Business and Investment
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Transcoal Pasific purchases new ships using its Capex
Marine logistics company PT Transcoal Pasific Tbk (TCPI) purchased new ships and paid operational expenses through its 2022 Capital expenses (Capex) worth IDR 300 billion. For next year, the company has allocated IDR 450 billion in Capex.
Humpuss sets US$ 94 million of Capex in 2023
Oil and gas transportation company PT Humpuss Intermoda Transportasi Tbk (HITS) has allocated US$ 94 million or IDR 1.46 trillion of Capex to procure 11 new ships in 2023.
Indonesian Paradise Property continues its 7 projects in 2023
PT Indonesian Paradise Property Tbk (INPP) sets its Capital expenditure (Capex) to IDR 1 trillion for the year 2023. Its Capex will be used to continue its 7 ongoing projects, despite a threat of global recession.
InDrive collaborates with Gardu House to promote freedom to choose through art
Ride hailing apps InDrive is collaborating with Gardu House to promote the concept of humanizing technology through art with the hashtag #SentuhanManusia. The effort is to promote back the concept of freedom to choose. The mural work is displayed at the Jl. Kendal underpass in Central Jakarta.
Golden Eagle Energy to raise coal production target with IDR 25 billion Capex
Mining company PT Golden Eagle Energy Tbk (SMMT) is optimistic to increase its coal production target by 15% to 20% in 2023, compared to the 2022's production, due to its IDR 25 billion capital expenditure (Capex).
Gunung Raja Paksi allocates IDR 328 billion Capex for 2023
Steel plates producer PT Gunung Raja Paksi Tbk (GGRP) has allocated IDR 328 billion of capital expenditure (Capex) for 2023. The company will use the Capex to support the production of high-quality steel.
Surya Semesta Internusa allocates IDR 1.3 trillion of Capex for Subang Smartpolitan project
Industrial estate and construction firm PT Surya Semesta Internusa (SSIA) will allocate IDR 1.3 trillion of capital expenditure (Capex) in 2023 for the development and construction of Subang Smartpolitan through land acquisition and development.
Metlands absorbs 59% of its IDR 650 billion Capex
Property developer PT Metropolitan Land (Metland) Tbk has absorbed 59% of its capital expenditure (Capex) for the acquisition of lands for the housing development in Metland Cikarang and Metland Kertajati, both in West Java, and other ongoing project developments.
Vale lowers its 2023 Capex to US$ 110 million
Nickel mining company PT Vale Indonesia Tbk will lower its capital expenditure (Capex) for 2023 by allocating US$ 110 million for mining development, heavy equipment replacement and Bahodopi smelter block 1.
Government restructures palm oil plantation company, to launch IPO for PalmCo in 2023
The government has decided to restructure state-owned plantation company PT Perkebunan Nusantara (PTPN) III into three subholdings and would launch an IPO for one of them, which is the oil palm plantation PalmCo.
Fajar Surya Wisesa projects US$ 20 million Capex for biogas facility
Packaging paper manufacturer PT Fajar Surya Wisesa Tbk has projected a US$ 20 million Capex for the construction of a new biogas facility for waste management and for maintenance.
Trisula Textile absorbs IDR 4 billion of Capex in September 2022
PT Trisula Textile Industries Tbk has only managed to absorb Capex worth IDR 4 billion from an allocation of IDR 16 billion in September 2022. The Capex was for machine restructuring and additional equipment.