#Finance
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.
Financial technology gains traction in Indonesia
Financial technology is developing well in Indonesian market. The fintech sector has been expanding in the past three to five years due to, among others, the COVID-19 pandemic, a colossal market, the penetration of internet and the increasing number of smartphone users as well as government support.
Bakrie offers US$5 billion in investment in Indonesia's electric vehicle ecosystem
PT Bakrie and Brothers Tbk (BNBR) - through its subsidiary PT Vektr Teknologi Mobilitas (VKTR) - is developing an upstream to downstream ecosystem for electric vehicles (EV) in Indonesia and will need US$5 billion investment.