Investment and Risk
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MRT Jakarta finishing expansion projects
PT Moda Raya Terpadu Jakarta (MRT Jakarta) - or Jakarta Mass Rapid Transit in English - will spend up to IDR 25.3 trillion to finish the phase 2 construction of MRT connecting Hotel Indonesia roundabout (locally known as Bundaran HI) to Kota Tua (the old town). The 11.8 kilometers track construction project is targeted to be completed by 2030.
Kuningan to expand its botanical garden
Kuningan regency, assisted by the Investment Coordinating Board (BKPM), has expanded an aerial tramway and botanical garden since 2019 with an investment worth IDR 99 billion.
Building ultra micro-ecosystem in Indonesia
Of the 45 million Ultra Micro businesses (UMi) that require additional funding, only 15 million can be served by financial institutions, 12 million are financed by moneylenders or relatives and as many as 18 million Micro-enterprises in Indonesia have not had access to funding at all.
Subang developing automotive components industry
Subang regency has been developing an automotive components industry since 2018 with an investment worth IDR 11.13 billion. The industry has been part of the Investment Coordinating Board (BKPM)'s 47 regional investment projects. Several companies from Belarus and Japan will cooperate with the government on automotive components industry.
Vivo increases price following Pertamina's fuel price hike
Private oil company PT Vivo Energy Indonesia has increased its fuel prices, following Pertamina's step in increasing the latter's prices on Pertalite subsidized fuel and non-subsidized Pertamax on September 3, 2022. Previously, Vivo sold its revvo 89, research octane number (RON) 89 fuel, at a lower price of IDR 8,900/liter. The government ordered Pertamina to sell RON 90 Pertalite that a price of IDR 10,000/liter. Two days later, Vivo raised the price of its revvo 89 fuel to IDR 10,900/liter.
Bekasi develops brake, suspension system industries in GIIC
Bekasi regency is developing a brake system and a suspension system industries in the Greenland International Industrial Center (GIIC) Deltamas. The project started in 2021 and worth IDR 1.14 trillion. The industry is to fulfill the needs of domestic automotive industry components. It occupies a land area of 5.4 hectares (ha), employs 1,305 workers and supported by supporting infrastructure.
Indramayu expands canned fish manufacturing industry
Indramayu regency, assisted by the Investment Coordinating Board (BKPM), is developing a canned fish manufacturing industry in the Losarang district. The project was established in 2018 with an investment worth IDR 1.36 billion.
Cirebon seeks to build a fish processing industry
A fish processing industry is being develop in Cirebon regency, a place with high potential for fisheries that is known in the international market. The investment is worth IDR 66 billion and the Investment Coordinating Board (BKPM) investment project started since 2020.
Jakarta to establish new EV charging station soon
Jakarta is developing an electric vehicle (EV) charging station in Setiabudi district, South Jakarta. The project, supported by the Investment Coordinating Board (BKPM), began in 2021 and worth IDR 67.32 billion. It will add to the existing 63 charging stations throughout the capital as well as providing better access for EV users.
North Kalimantan develops downstream industry for CPO
North Kalimantan, supported by the Investment Coordinating Board (BKPM), has been establishing a downstream industry of crude palm oil (CPO) in Bulungan regency since 2020. The industry has an investment worth IDR 269.62 billion. The project is feasible to investors since there are supports in infrastructure, geography, transportation and a strategic location.
Challenges in building Trans Papua
The 50.14-kilometer Trans Papua road, connecting Jayapura-Wamena Segmen Mamberamo-Elelim construction project, has an investment value of IDR 3.526 trillion and a concession 15 years. The Jayapura-Wamena Segmen Mamberamo-Elelim segment is expected to boost the economy and expand the availability of road networks in Papua. The Trans-Papua road is a non-toll route that serves as the backbone of Papua area.
Seaweed processing industry development in Nunukan
Nunukan regency in North Kalimantan has been developing a seaweed processing industry, which began in 2019 with an investment worth IDR 19.54 billion, according to the Investment Coordinating Board (BKPM).