Investment and Risk
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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.
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.