Investment and Risk
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Danamon, MUFG to invest US$ 100 million in Garuda Fund
PT Bank Danamon Indonesia Tbk and MUFG Bank announced a placement of US$ 100 million in a Venture Fund focusing on Indonesia called the MUFG Innovation Garuda No. 1 Limited Investment Partnership, or Garuda Fund.
Chinese company to invest US$ 3 billion in silica sand mining in Bangka-Belitung Islands
Bangka-Belitung Islands province's fame as a mining source of silica or quartz sand and rare earth minerals, has attracted a Chinese company to invest US$ 3 billion.
Is Mixue's rapid expansion a threat to local F&B players?
The Mixue ice cream and tea outlets have been mushrooming in Indonesia and it has gone viral in the past few months. Pandaily reported that the number of Mixue outlets in Indonesia reached 317 at the end of March 2022 and it has kept growing. With this figure, Mixue's operating income reached 25,410,800 yuan or IDR 57.2 billion with a net profit of 2,235,500 yuan or around IDR 5.04 billion.
Arkora Hydro invests IDR 2.49 billion in new subsidiary
PT Arkora Hydro Tbk (ARKO) will establish a new subsidiary of PT Arkora Hydro Pamulihan (AHP) with IDR 2.49 billion (US$ 167,500) in investment. The new subsidiary will generate electricity through renewable and new power sources.
Pertamina Geothermal Energy eyes to raise IDR 9.78 trillion from IPO
PT Pertamina Geothermal Energy (PGE), a subsidiary of state-owned oil and gas giant company PT Pertamina, expects to earn up to IDR 9.78 trillion (US$ 657.92 million) in fresh funds from its Initial Public Offering (IPO) in early February.
Top 10 must-have fintech apps and services in Indonesia
Financial technology (fintech) companies have rapidly grown in Indonesia, offering a multitude of innovative apps and services. Such services transform the way consumers manage their finances. The country's fintech industry has offered a wide range of options that provide fast, convenient and affordable financial solutions which range from e-wallets to P2P lending.
Waskita Toll Road gets capital injection of IDR 762.78 billion
PT Waskita Toll Road (WTR), a subsidiary of state-owned construction giant PT Waskita Karya (WSKT), has received IDR 762.78 billion (US$ 50.9 million) capital injection to meet the company's needs and its affiliates.
GTSI to invest US$ 24 million to meet growing natural gas demand
LNG transportation company PT GTS International Tbk (GTSI) has been allocating US$ 24 million Capital expenditure (Capex) for its 2023 business expansion due to the constantly increasing demand for liquefied natural gas (LNG) in Indonesia.
Pertamina seeks investors for refinery development
The government has requested state owned oil and gas giant PT Pertamina Tbk to be more pro-active in seeking investors for the development of oil refineries in Indonesia. The company should not rely solely on its own funds to finance the projects.
Transkon Jaya prepares IDR 600 billion for business expansion
Mining vehicle rental company PT Transkon Jaya Tbk (TRJA) has set up its Capital expenditure (Capex) of IDR 600 billion (US$40 million) in 2023 for new vehicle procurement and business expansion.
Intiland plots IDR 1 trillion Capex for residential projects in Jakarta, Surabaya
Real estate company PT Intiland Development Tbk (DILD) allocates IDR 1 trillion Capital expenditure (Capex) for the development of residential projects in the country's two major cities of Jakarta and Surabaya.
Mandiri, BTN and BRI step up cybersecurity game with bigger IT Capex in 2023
Three major state-owned banks of Mandiri, BRI and BTN will use their 2023 Capital Expenditure (Capex) to support the strengthening of cybersecurity, digital architecture, IT and digital services.