#Infrastructure
Pelindo participates at Hannover Messe 2023 in Germany showcasing port digitalization solutions
State-owned port operator company PT Pelabuhan Indonesia (Pelindo) took part in the world's largest technology industry exhibition, Hannover Messe 2023 in Germany. Through its subsidiary PT Pelindo Solusi Digital, the company exhibits a number of its products to the world.
Arinal Djunaidi faces criticism for slow infrastructure development for the Lampung New City project
The Kota Baru (New City) project in Lampung complicates matter for Arinal Djunaidi, the current Governor of Lampung. The postponed projects resulted in a lot of criticism against the Djunaidi, accompanied by several problems related to infrastructure.
Joko Widodo met with BASF, VW, and Eramet for investment in car battery ecosystem
Indonesian President Joko Widodo met with three leaders of leading companies from Europe in Hannover, Germany. The three companies, BASF, Eramet and Volkswagen, plan to invest in Indonesia's car battery ecosystem. BASF alone will be making a US$ 2.6 billion in investment in North Maluku.
Abdul Muhaimin Iskandar proposes an increase in funds to help digitization, and development in rural areas
Abdul Muhaimin Iskandar, also known as Cak Imin or Gus Imin, as Chairman of the National Awakening Party (PKB) proposed an increase in village funds from the previous IDR 1 billion (US$ 67,622) to IDR 5 billion annually.
Harita Nickel makes debut in Indonesia’s biggest IPO this year
Indonesian nickel company Trimegah Bangun Persada, also known as Harita Nickel, marks a new record in its trading debut after raising IDR 10 trillion (US$672 million) in the country’s biggest listing this year on Wednesday (12/4).
Indihome plans merge with Telkomsel under Conditional Spin-off Agreement valued at IDR 58 trillion
IndiHome, a subsidiary of a state-owned telecommunication company PT Telkom, will soon merge with Telkomsel based on Conditional Spin-off Agreement (CSA) agreement. The merger, which is expected to be finalized by Q3 of 2023, will transfer Indihome's various B2C and B2B businesses to be managed by Telkomsel.
Fresh Factory secures investment for accelerated growth in cold chain fulfillment
Local Indonesian startup Fresh Factory received IDR 61.8 billion (US$ 4.15 million) in pre-series A funding led by SBI Ven Capital and joint investment with Kyobo Securities, NTUitive, and participation from previous investors such as East Ventures, Trihill Capital, and a new investor, PT Tap Applied Agri Services.
Indosat expands business to provide added value and generate more revenue
One of the largest companies in Indonesia's telecommunications sector, PT Indosat Tbk (ISAT), is aiming at expanding its business practices in an effort to support the company's core services. The company is currently attempting to penetrate the electrical, construction, digital technology equipment rental, and office machine sectors to provide added value to its data center business.
MBMA plans IPO worth IDR 8.75 billion to fund nickel processing projects
PT Merdeka Battery Materials Tbk (MBMA), a nickel mining company, recently initiated its initial public offering (IPO).
Foreign investors to invest in Nusantara National Capital's VVIP airport, recent flooding post risks
Indonesian Minister of Transportation Budi Karya Sumadi said that investors from South Korea, Japan, and India have shown interest in investing in the construction of a VVIP Airport in the Nusantara National Capital (IKN) in East Kalimantan.
Mitratel to continue acquiring towers through IDR 7 trillion Capex
Telecommunication firm PT Dayamitra Telekomunikasi Tbk (MTEL) has allocated IDR 7 trillion (US$ 452.4 million) Capital expenditure (Capex) in 2023 to acquire telecommunication towers.
Tanrise Property allocates IDR 600 billion Capex for warehouse, hotel
Property developer PT Jaya Sukses Makmur Sentosa Tbk (RISE) has allocated IDR 600 billion (US$ 39 million) Capital expenditure (Capex) in 2023 for several projects, including warehouse and hotel.