Investment and Risk
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Investment realization reaches IDR 892.4 trillion in 2022: BKPM
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion - or 74.4% of the target - both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
Jatibarang Field implements CO2 injection
State-owned oil and gas giant PT Pertamina and Japan Oil, Gas and Metals National Corporation (JOGMEC) have implemented a CO2 injection program for Carbon Capture, Utilization and Storage-Enhanced Oil Recovery (CCUS-EOR) in a kick-off ceremony at the Jatibarang Field JTB-161 on-site, West Java, on October 26, 2022.
Housing loan startup helps millennials own their dream house
Indira Shadrina and her friends kicked off IDEAL in 2021, which is a property technology startup that helps Indonesian young people to purchase houses through responsible lending. Indonesian millennials could only afford to purchase houses located far from the city center due to the constant increase of property price.
Wika Beton allocates IDR 250 billion in Capex for 2023
PT Wijaya Karya Beton Tbk, known as Wika Beton, is allocating Capex worth IDR 250 billion in 2023 that will be invested for the maintenance of factories and equipment. The company also plans to invest to increase the production capacity in 2023.
Gunawan Dianjaya Steel to build second plate mill factory
PT Gunawan Dianjaya Steel Tbk (GDS) is currently building its second plate mill factory (GDS II plate mill plant) using allocated Capex (Capital expenditure) of IDR 24 billion. The new factory is slated to be completed by the end of 2023.
Riau Islands offers tourism potential to Turkish investors
Riau Islands administration is offering potential tourism investments to Turkish investors, especially in the eco-tourism sector. The province is known for its high tourism potential, strategic location and beautiful scenery.
Amman Mineral Nusa Tenggara smelter progress reaches 47% in October 2022
The construction progress of mining company PT Amman Mineral Nusa Tenggara (AMNT) copper smelter has reached 47% as of October 2022. The smelter will produce 200,000 copper cathodes by the end of 2024, later than the original schedule of 2023.
Gihon to add 90 telecommunication towers in 2022
Telecommunication tower provider PT Gihon Telekomunikasi Indonesia Tbk plans to add 90 towers, with the addition of approximately 140 tenants, with a Capex (capital expenditure) of IDR 200 billion.
CP Prima expands food processing plant
Aquaculture company PT Central Proteina Prima Tbk (CP Prima) has allocated capital expenditure (Capex) of about IDR 120 billion for its new food processing plant in Kendal Industrial Zone, Central Java.
Wijaya Karya signs a whopping IDR 19 trillion deal on new capital projects
State-owned construction firm PT Wijaya Karya Tbk (Wika) had signed a valuable contract worth IDR 19 trillion by September 2022 for infrastructure projects in Indonesia's new capital (IKN), Nusantara. The whopping deal reflects the company's 44.63% total target in signing new contracts in 2022.
Bumi Resources receives IDR 24 trillion from a private placement fund
PT Bumi Resources Tbk (BUMI) will pay its debts in the future through private placement funds of IDR 24 trillion and will be paid off in the next 5 days.
Telkom develops a new data center in Batam
PT Telkom Indonesia (Persero) Tbk is expanding to build a data center in Batam, Riau Islands province, in 2022. The opening of the new data center is related to the company's expansion to the Singaporean market.