Investment and Risk
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Summarecon Agung has four new regional projects
Property developer PT Summarecon Agung Tbk has four new projects in 2022 and prepares a capital expenditure (Capex) of IDR600 billion for property investment. Summarecon targets 46% of pre-sales achievement by 2022.
VKTR, TNS sign MoU on nickel ore supply for electric vehicles
PT VKTR Teknologi Mobilitas (VKTR) and PT Tambang Nickel Central Sulawesi (TNS) signed a memorandum of understanding (MoU) on July 19, 2022, in Palu, Central Sulawesi, on nickel ore supply. The nickel ore will contribute to the development of electric vehicle (EV) ecosystem in Indonesia.
Freeport, Linde sign contract on high-purity industrial gas supply
PT Freeport Indonesia, the leading mining company in Indonesia, signed an agreement on high-purity industrial gas with PT Linde Indonesia on July 20, 2022. Linde will invest over US$100 million to build, own and operate the air separation unit (ASU) on the Manyar smelter plant in Gresik, East Java, to supply oxygen and nitrogen.
Pertamina Geothermal provides investment opportunities for G20 countries
The subsidiary of the state-owned oil-and-gas giant PT Pertamina opens opportunities for G20 countries to invest in Indonesia in the sustainable energy sector to accelerate energy transition. The company’s subsidiary PT Pertamina Geothermal Energy (PGE) offered potential investors to increase geothermal capacity in North Sulawesi.
Intanwijaya Internasional to increase its factories' production capacity
PT Intanwijaya Internasional Tbk, chemical industry producer, has budgeted its capital expenditure (Capex) for 2022 worth IDR8 billion to maintain the operational productions of its facilities and raise production capacity to meet its sales target of IDR450 billion.
Akasha Wira International to relocate factory
PT Akasha Wira International Tbk, the producer of bottled mineral water Nestle Pure Life and Vica Royal as well as Makarizo hair products, will relocate its cosmetics factory from Pulo Gadung in East Jakarta to Gunung Putri in Bogor to increase its production capacity.
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.