#Finance
IBC has signed agreements with CBL and LG to develop EVs battery.
Chief Executive Officer of PT Industri Baterai Indonesia Toto Nugroho said that the company needs high cost to finance the development of electric vehicle battery .
The Indonesian government encourages the use of GPN to replace Visa, Mastercard.
The Indonesian government is currently trying to promote Indonesia's own payment system the National Payment Gateway (GPN).
Alliance to commit US$ 36 million to end plastic waste pollution in Indonesia
The Alliance to End Plastic Waste (Alliance) announced a US$ 36 million commitment to support Indonesia in reducing 70% of plastic pollution in the ocean by 2025. It also commited to support Indonesia to achieve almost zero plastic waste by 2040. The funding aims to develop a portfolio of solutions and sustainable projects in the country. The projects will catalyze up to five times public and private sector investment to end plastic waste in the environment. The announcement was made during the Tri Hita Karana (THK) Forum on the sideline of the G20 Summit in Nusa Dua, Bali, on November 14, 2022.
Mandiri achieves IDR 2 trillion of its 2022 Capex for IT development
PT Bank Mandiri Tbk (BMRI) has completed 75% of its CAPEX in 2022 to develop its digitalization services and strengthen its cyber security, its CAPEX for this year reaches Rp2T for IT development.
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.
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.
The highest inflation has occurred in five regions, Jokowi urges coordination with TPIP and TPID
Jambi, West Sumatra, Bangka Belitung, Riau and Aceh have recorded the highest inflation rates in Indonesia. Jambi became the area with the highest inflation reaching 8.55 percent. The province of Jambi is cautious at 8.55 percent. West Sumatra is at 8.01 percent; Bangka Belitung is 7.77 percent; Riau is 7.04 percent; Aceh is 6.97 percent.
OCBC NISP invites young innovators in Hack@ON to create better services
The ongoing COVID-19 pandemic in the past two years has prompted Indonesian banking customers to switch their activities to digital space, data from the Communication and Information Ministry show.
Arkora Hydro goes public on IDX, to raise IDR179.77b
Renewable energy firm PT Arkora Hydro Tbk officially listed its shares on the Indonesia Stock Exchange (IDX) trading board, planning for an initial public offering (IPO) through the issuance of 579.9 million new shares. The new shares represented 20% of its capital after the IPO.
Hartadinata Abadi to expand stores, pawnshops
Gold and jewelry company PT Hartadinata Abadi Tbk will invest IDR40 billion as capital expenditure (Capex) by 2022. As of June 2022, the firm has spent approximately IDR15 billion.
Merdeka to allocate US$390 million in Capex for 2022 and 2023
PT Merdeka Copper Gold Tbk, an Indonesian gold mining company, has allocated US$390 million to finance several projects through capital expenditures until 2023.