Investment and Risk
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Cerestar sets IDR 300 billion Capex to increase production capacity
Wheat flour producer PT Cerestar Indonesia Tbk (TRGU) has set a Capital expenditure (Capex) in 2023 worth IDR 300 billion (US$ 19.7 million) to increase its production capacity and sales.
Mitra Pinasthika Mustika allocates IDR 100 billion for digitalization program
Automotive and transportation service provider PT Mitra Pinasthika Mustika Tbk (MPMX) has allocated IDR 100 billion (US$ 6.62 million) Capital expenditure (Capex) for digitalization program.
Adaro Minerals sets US$ 90 million Capex for coal metallurgy
Mining firm PT Adaro Minerals Indonesia Tbk (ADMR) has allocated US$ 70-90 million Capital expenditure (Capex) for 2023 for one of its coal metallurgy (hard cooking coal).
Alcohol bill hinders the rise of domestic wine industry
The wine industry in Indonesia has seen a rise since the termination of the monopoly of wine imports by the government despite an ongoing effort by the House of Representatives (DPR) to deliberate a controversial alcohol prohibition bill.
Indonesia-China high speed train project costs swell to IDR 131 trillion
Indonesia and China have reached an agreement on the cost overrun for the Jakarta-Bandung High Speed Train (KCJB) project of US$ 1.2 billion, or IDR 18.24 trillion, from the previous estimation of IDR 113 trillion to IDR 131 trillion.
Aman Agrindo budgets IDR 50 billion for a new factory in Banten
Sugar plantation company PT Aman Agrindo Tbk (GULA) is budgeting Capital expenditure (Capex) in 2023 for about IDR 40-50 billion (US$ 2.6-3.3 million) for the construction and establishment of a factory in Banten.
Kobexindo allocates US$ 4 million Capex for equipment rejuvenation
Heavy equipment distributor PT Kobexindo Tractors Tbk (KOBX) has allocated US$ 4 million Capital expenditure (Capex) in 2023 for operations and heavy equipment rejuvenation.
Indosat sets IDR 13 trillion Capex for digitalization process
Leading digital communications provider PT Indosat Ooredoo Hutchison Tbk (ISAT) will allocate Capital expenditure (Capex) worth IDR 13 trillion (US$ 857 million) in 2023 for digitalization process and customer experience.
Impack allocates IDR 280 billion of Capex to build new factory
Building material provider PT Impack Pratama Industri Tbk (IMPC) has allocated IDR 280 billion (US$ 18.3 million) Capital expenditure (Capex) in 2023 for the construction and development of one of its factories at the Batang Integrated Industrial Estate (KITB) in Batang regency, Central Java.
Teknologi Karya Digital to go public, expects to raise IDR 165 billion for business expansion
PT Teknologi Karya Digital Nusa Tbk (TRON) will go public later in February and release about 750 million shares worth IDR 165 billion (US$ 10.9 million), with 30% of the fund will be used for Capital expenditure (Capex) and the rest for working capital.
Medco Energi to use US$ 370 million Capex for Natuna block development
PT Medco Energi Internasional Tbk (MEDC) has allocated US$ 370 million Capital expenditure (Capex) in 2023 through its subsidiary for the development of its business portfolio in the oil and gas and power plants.
Indocement sets IDR 1.2 trillion Capex for refused derived fuel facilities
Indonesia's second largest cement producer PT Indocement Tunggal Prakarsa Tbk (INTP) has prepared a IDR 1.2 trillion (US$ 79 million) Capital expenditure (Capex) for 2023. Most of the Capex will be used to finance factory leases and add the refused derived fuel (RDF) facilities.