Saturday, February 4, 2023

Risks & Opportunities

Risk and opportunities scanning of every sector
The largest privately owned PT Bank Central Asia Tbk (BCA) allocates Capital expenditure (Capex) of IDR 8.7 trillion (US$ 583.7 million) in 2023 for a new data center infrastructure. […]
The cosmetic industry in Indonesia is growing at a fast pace, due to the rising consumers’ demand and an expanding market for cosmetics. On average, the per capita consumer spending on cosmetics and toiletries in Indonesia amounted to US$ 20.2, reported. The value is predicted to increase by US$ 7 by 2024, indicating sustained growth of the market.  […]
The Financial Services Authority (OJK) reported a significant increase in non-performing loans (NPLs) for over 90 days from fintech P2P lending platforms. As of October 2022, the NPLs had risen to IDR 1.42 trillion (US$ 95.3 million), a 140.78% increase from from the previous year of IDR 593.44 billion. […]
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. […]
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. Acting Governor of Bangka Belitung Islands and the Ministry of Energy and Mineral Resources’ Director General of Minerals and Coal, Ridwan Djamaludin, said Chinese solar panel producer Xinyi Solar Energy Holding Co., Ltd., has shown its […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
State-owned toll road operator PT Jasa Marga Tbk (JSMR) allocates between IDR 8 and 10 trillion of Capital expenditure (Capex) in 2023 for land acquisition and the construction of 4 toll road sections in Java. […]
Mining vehicle rental company PT Transkon Jaya Tbk (TRJA) has set up its Capital expenditure (Capex) of IDR 600 billion (US$40 million) in 2023 for new vehicle procurement and business expansion. […]
Real estate company PT Intiland Development Tbk (DILD) allocates IDR 1 trillion Capital expenditure (Capex) for the development of residential projects in the country’s two major cities of Jakarta and Surabaya. […]
Three major state-owned banks of Mandiri, BRI and BTN will use their 2023 Capital Expenditure (Capex) to support the strengthening of cybersecurity, digital architecture, IT and digital services. […]
Electronics and technology company PT Galva Technologies Tbk (GLVA) has allocated IDR 80 billion (US$ 5.34 million) Capital expenditure (Capex) in 2023 to achieve the targeted growth rate of 20%-30%. […]
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. […]
Coal mining company PT TBS Energy 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. […]
Publicly listed heavy machinery distributor PT Intraco Penta Tbk (INTA) is allocating IDR 84 billion (US$ 5.7 million) Capital expenditure (Capex) for 2023 for the procurement and modernization of equipments. […]
The bread industry in Indonesia has seen an increasing demand in the past years. The market is driven by the rising disposable incomes and changing consumer preferences for convenience and healthy eating. Various types of bread also have become a source of high revenue due to the rising growth. […]
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. […]
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 restrictions to their borders. In 2022, however, the number of passengers in Indonesia has seen a rebound and the forecast for […]
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 […]
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. […]
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. […]
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. […]
Indonesia’s largest herbal medicine 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. […]
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). […]
Maritime logistics company PT Samudera Indonesia Tbk (SMDR) has allocated US$ 150 million Capital expenditure (Capex) in 2023 to expand its businesses. […]