#Infrastructure
Bank Central Asia allocates IDR 8.7 trillion Capex for new data center
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.
Chinese company to invest US$ 3 billion in silica sand mining in Bangka-Belitung Islands
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.
Arkora Hydro invests IDR 2.49 billion in new subsidiary
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.
Waskita Toll Road gets capital injection of IDR 762.78 billion
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.
GTSI to invest US$ 24 million to meet growing natural gas demand
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.
Pertamina seeks investors for refinery development
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.
Transkon Jaya prepares IDR 600 billion for business expansion
Mining vehicle rental company PT Transkon Jaya Tbk (TRJA) has set up its Capital expenditure (Capex) of IDR 600 billion (US$40 million) in 2023 for new vehicle procurement and business expansion.
Intiland plots IDR 1 trillion Capex for residential projects in Jakarta, Surabaya
Real estate company PT Intiland Development Tbk (DILD) allocates IDR 1 trillion Capital expenditure (Capex) for the development of residential projects in the country's two major cities of Jakarta and Surabaya.
INPP provides IDR 800 billion Capex for six projects in 2023
PT Indonesian Paradise Property Tbk (INPP) is preparing a capital expenditure (Capex) of IDR 800 billion (US$ 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.
Golden Energy Mines allocates US$ 33 million Capex for 2023
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.
2023 domestic airline forecast looks good
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 lockdowns and limit people's movements. In 2022, the number of passengers in Indonesia has seen a rebound and the forecast for 2023 remains positive. The growth is also supported by the development of 4 airports to anticipate the growing number of passengers.
40 biggest companies in Indonesia
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.