Saturday, February 4, 2023

Tag: Infrastructure

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. […]
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 […]
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 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$40 million) in 2023 for new vehicle procurement and business expansion. […]
Real estate company PT Intiland Development Tbk (DILD) allocates IDR 1 trillion Capital expenditure (Capex) for the development of residential projects in the country’s two major cities of Jakarta and Surabaya. […]
Electronics and technology company PT Galva Technologies Tbk (GLVA) has allocated IDR 80 billion (US$ 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. […]
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. […]
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 […]
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. […]
The government has prioritized the development of Indonesia’s special economic zones (SEZs) in order to attract over US$ 50 billion in foreign investments over the next decade. Currently, there are 19 SEZs in Indonesia, spreading in its main islands. A total of 12 SEZs are currently operational and the remaining 7 are under construction. […]
Maritime logistics company PT Samudera Indonesia Tbk (SMDR) has allocated US$ 150 million Capital expenditure (Capex) in 2023 to expand its businesses. […]
Indonesia still offers a great investment prospect in several industries namely tourism and gaming amidst the 2023 global economic recession threat. Speakers at the Indonesia PE-VC Summit by DealStreetAsia (DSA) concluded that Indonesia still provided lucrative investment opportunities. […]
State-owned lender PT Bank Tabungan Negara Tbk (BTN) will increase its Capital expenditure (Capex) in 2023 by 18% to strengthen its information technology (IT) security system and the development of digital banking services. […]
Container shipping company PT Temas Tbk (TMAS) has allocated IDR 1 trillion (US$ 64,114,900) of Capital expenditure (Capex) in 2023 to acquire new ships. […]
PT MNC Energy Investment Tbk (IATA) aims to increase its coal production in 2023 to reach 7 million tons, supported by its Capital expenditure (Capex). The company did not reveal the amount of its Capex. […]
Automotive component company PT Dharma Polimetal Tbk (DRMA) has set its Capital expenditure (Capex) for 2023 at IDR 500 billion, which will be used to expand its subsidiaries. […]
Refined petroleum trading company PT AKR Corporindo Tbk (AKRA) has allocated IDR 250 billion in Capital expenditure (Capex) for 2023 to increase the company’s profit growth. […]
PT Argha Karya Prima Industry Tbk (AKPI) sets Capital expenditure (Capex) at IDR 80 billion to maintain machinery and production facilities for its plastic production. […]
Vehicle transportation company PT Indonesia Kendaraan Terminal Tbk (IPCC) has allocated capital expenditure (Capex) for 2023 of between IDR 35 and IDR 40 billion for maintaining infrastructure and the supra structure of its operations. […]
Prior to becoming a seasoned politician, Muhammad Jusuf Kalla, popularly known as JK, has built his reputation as a noted businessman from Makassar, South Sulawesi. He helped expand his family business empire from a humble textile company into its present state, which interests range from car distributor to power plant. […]
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. […]
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. […]
PT Indonesian Paradise Property Tbk (INPP) sets its Capital expenditure (Capex) to IDR 1 trillion for the year 2023. Its Capex will be used to continue its 7 ongoing projects, despite a threat of global recession. […]
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). […]