#Infrastructure
South Korean cigar company to build factory in Pasuruan Industrial Estate
The largest industrial area in East Java, Pasuruan Industrial Estate Rembang (PIER), welcomes South Korean investors through PT Cell Corp Indonesia, a company specializing in the cigarette industry.
Toll road tycoon Jusuf Hamka considers construction cost increase in Cisumdawu toll road not a significant issue
Jusuf Hamka, the owner of PT Citra Marga Nusaphala Persada Tbk (CMNP), stated that the construction cost of the Cileunyi-Sumedang-Dawuan (Cisumdawu) Toll Road has increased from IDR 8 trillion to IDR 11 trillion.
Jokowi completes 170 strategic projects during office term, minister says
During his term as President, Joko Widodo has successfully completed 170 National Strategic Projects (PSN).
Rempang Island: the story so far
The recent turmoil on Rempang Island has its roots in an investment project that has been ongoing since 2001. PT Makmur Elok Graha, a subsidiary of the Artha Graha group owned by Tomy Winata, has held the concession for developing a 16,583-hectare business, industrial, residential, and tourism center on the island since 2001.
China's interest in Indonesian coal gasification project grows as US companies opt out
An energy company from China has expressed interest in investing in the coal gasification project to produce Dymethyl Ether (DME) in Tanjung Enim, South Sumatra, as reported by the Ministry of Energy and Mineral Resources.
Government secures foreign grants to fund integrated fishing port projects
The Ministry of Marine Affairs and Fisheries has secured funding from foreign grants and loans for the development of integrated and modern fishing ports (PP).
PGE, Chevron form joint venture for geothermal project in Lampung
PT Pertamina Geothermal Energy Tbk (PGE) has formed a joint venture with Chevron to participate in the tender for the Way Ratai geothermal working area (WKP) in Pesawaran Regency, Lampung.
Indonesia demands Singapore to develop solar power plant in Indonesia
The Indonesian government demanded Singapore to assist in the development of a solar power plant in Indonesia, as a requirement to import electricity from Indonesia.
China’s Fujian commits to major investment in Batang Industrial Park
The Fujian Provincial Government plans to invest more in Central Java Province. The Fujian Provincial Government plans to build an energy factory on a 200-hectare plot of land within the Batang Integrated Industrial Park.
Bersama Digital Infrastructure Asia establishes data center in Indonesia
Bersama Digital Infrastructure Asia Pte Ltd (BDIA), a Singapore-based joint venture company between Provident, Saratoga and Macquarie Asset Management, announced their plan to establish the Bersama Digital Data Center (BDDC) in Indonesia.
PT Wijaya Karya (Persero) Tbk reported loss in Q1 2023 despite net income growth
One of the largest state-owned construction companies, PT Wijaya Karya (Persero) Tbk (WIKA) recorded a IDR 526.52 billion loss in Q1 2023. Ironically, the company also booked a net income of IDR 4.34 trillion. The company claimed that its losses was caused by the increasing burden of income.
Government incentives for electric cars could increase sales probability
The Indonesian government regulations regarding the provision of incentives for electric car buyers are estimated to increase the probability of people buying electric vehicles by three-fold. However, the government needs to focus on important aspects to drive investors.