#Energy
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.
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.
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.
United Tractors allocates US$ 1 billion for its 2023 Capex
Heavy equipment distributor PT United Tractors Tbk (UNTR) is expanding its business by allocating US$1 billion of Capital expenditure (Capex) in 2023 for equipment reconditioning and replacement.
Humpuss sets US$ 94 million of Capex in 2023
Oil and gas transportation company PT Humpuss Intermoda Transportasi Tbk (HITS) has allocated US$ 94 million or IDR 1.46 trillion of Capex to procure 11 new ships in 2023.
Transcoal Pasific purchases new ships using its Capex
Marine logistics company PT Transcoal Pasific Tbk (TCPI) purchased new ships and paid operational expenses through its 2022 Capital expenses (Capex) worth IDR 300 billion. For next year, the company has allocated IDR 450 billion in Capex.
Golden Eagle Energy to raise coal production target with IDR 25 billion Capex
Mining company PT Golden Eagle Energy Tbk (SMMT) is optimistic to increase its coal production target by 15% to 20% in 2023, compared to the 2022's production, due to its IDR 25 billion capital expenditure (Capex).
Gunung Raja Paksi allocates IDR 328 billion Capex for 2023
Steel plates producer PT Gunung Raja Paksi Tbk (GGRP) has allocated IDR 328 billion of capital expenditure (Capex) for 2023. The company will use the Capex to support the production of high-quality steel.
Vale lowers its 2023 Capex to US$ 110 million
Nickel mining company PT Vale Indonesia Tbk will lower its capital expenditure (Capex) for 2023 by allocating US$ 110 million for mining development, heavy equipment replacement and Bahodopi smelter block 1.
Government restructures palm oil plantation company, to launch IPO for PalmCo in 2023
The government has decided to restructure state-owned plantation company PT Perkebunan Nusantara (PTPN) III into three subholdings and would launch an IPO for one of them, which is the oil palm plantation PalmCo.