Investment and Risk
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
INPP provides IDR 800 billion Capex for six projects in 2023
PT Indonesian Paradise Property Tbk (INPP) is preparing a capital expenditure (Capex) of IDR 800 billion (US$ 53.44 million) for 2023 to build six new projects in Jakarta and other cities. The company also eyes a 20%-30% growth in revenue this year.
TBS Energi Utama shifts focus to non-coal business
Coal mining company PT TBS Energi Utama Tbk (TOBA), which 9.99% of its shares are owned by Coordinating Maritime Affairs and Investment Luhut Binsar Pandjaitan, is allocating 80%-90% of its Capital expenditure (Capex) for its non-coal business in 2023.
Golden Energy Mines allocates US$ 33 million Capex for 2023
Publicly listed coal mining company PT Golden Energy Mines Tbk (GEMS) has allocated US$ 33 million Capital expenditure (Capex) in 2023 to increase its production.
2023 domestic airline forecast looks good
The global aviation industry has seen an increasing trend thanks to the presence of budget airlines and the increasing number of passengers in recent years. The industry, however, was hit hard by the COVID-19 pandemic when governments worldwide imposed lockdowns and limit people's movements. In 2022, the number of passengers in Indonesia has seen a rebound and the forecast for 2023 remains positive. The growth is also supported by the development of 4 airports to anticipate the growing number of passengers.
The rise and risk of PayLater trend
The digital era has helped customers to use online transactions, including the rising trend of the Buy Now Pay Later (BNPL) feature - famously known as PayLater - in several ride hailing platforms, marketplaces and e-wallets. The COVID-19 pandemic in the past two years boosted the use of online transactions as governments imposed lockdowns and mobility restrictions. Low penetration of credit cards in Indonesia also becomes another factor why customers prefer using PayLater.
BYD Group, Tesla in final stage to invest in Indonesia, Luhut says
The BYD Group of China and the US automotive and clean energy producer Tesla are in their final stage to invest in Indonesian electric vehicles (EVs) industry, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
Promising seaweed export in global market
Despite its unpopularity in the domestic market, seaweed has become the top export commodity in fisheries industry. Out of 38 provinces in Indonesia, 23 have seaweed production. The fact has made the country a top exporter for seaweed products. The government and the World Bank are helping coastal communities to increase seaweed products.
40 biggest companies in Indonesia
A diverse range of companies in various industries, from natural resources and manufacturing to banking and telecommunications, plays a significant role in the Indonesian economy. These companies also serve as major employers in the country.
Sido Muncul expansion to East Africa
Indonesia's largest herbal medicince producer PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) has allocated IDR 197 billion (US$ 13 million) in its 2023 Capital expenditure (Capex)for market expansion, especially in East Africa.
Jasuindo eyes double-digit growth with IDR 90 billion Capex
Printing company PT Jasuindo Tiga Perkasa Tbk (JTPE) aims for an ambitious double-digit growth in 2023, supported by its 2023 Capital expenditure (Capex) worth IDR 90 billion (US$ 5.9 million).
Samudera Indonesia sets US$ 150 million Capex for 2023
Maritime logistics company PT Samudera Indonesia Tbk (SMDR) has allocated US$ 150 million Capital expenditure (Capex) in 2023 to expand its businesses.
Tourism and gaming still lucrative for investors despite global recession threat
Indonesia still offers a great investment prospect in several industries namely tourism and gaming amidst the 2023 global economic recession threat. Speakers at the Indonesia PE-VC Summit by DealStreetAsia (DSA) concluded that Indonesia still provided lucrative investment opportunities.