#Infrastructure
Gunung Raja Paksi allocates IDR 328 billion Capex for 2023
Steel plates producer PT Gunung Raja Paksi Tbk (GGRP) has allocated IDR 328 billion of capital expenditure (Capex) for 2023. The company will use the Capex to support the production of high-quality steel.
Surya Semesta Internusa allocates IDR 1.3 trillion of Capex for Subang Smartpolitan project
Industrial estate and construction firm PT Surya Semesta Internusa (SSIA) will allocate IDR 1.3 trillion of capital expenditure (Capex) in 2023 for the development and construction of Subang Smartpolitan through land acquisition and development.
Metlands absorbs 59% of its IDR 650 billion Capex
Property developer PT Metropolitan Land (Metland) Tbk has absorbed 59% of its capital expenditure (Capex) for the acquisition of lands for the housing development in Metland Cikarang and Metland Kertajati, both in West Java, and other ongoing project developments.
Vale lowers its 2023 Capex to US$ 110 million
Nickel mining company PT Vale Indonesia Tbk will lower its capital expenditure (Capex) for 2023 by allocating US$ 110 million for mining development, heavy equipment replacement and Bahodopi smelter block 1.
Fajar Surya Wisesa projects US$ 20 million Capex for biogas facility
Packaging paper manufacturer PT Fajar Surya Wisesa Tbk has projected a US$ 20 million Capex for the construction of a new biogas facility for waste management and for maintenance.
Pupuk Kaltim set for IPO in 2023
The Ministry of State-Owned Enterprises has planned to launch an IPO for its fertilizer company PT Pupuk Kalimantan Timur (Pupuk Kaltim) in the first semester of 2023. The IPO proceeds will finance the construction of a urea plant with a production capacity of 1.15 million tons and 1 million tons of methanol per year.
Galva Technologies allocates IDR 80 billion of Capex for 2023
PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company's recurring income through managed services business model.
Prabowo meets Founder of UAE’s Emaar Properties
Jakarta − Indonesian Defense Minister Prabowo Subianto, accompanied by Minister of State-Owned Enterprises (SOEs) Erick Thohir, met with Founder of Emaar Properties, a property entrepreneur of the United Arab Emirates and owner of the world's tallest building Burj Khalifa, Mohamed Ali Rashed Alabbar, in Jakarta on Monday, May 27, 2024.
National data center to be completed on October 2024, Minister says
The Ministry of Communication and Informatics targeted to complete the construction of the national data center to be completed and inaugurated on October 2024.
Indonesia cuts tax incentives to limit investment in lower quality nickel products
Indonesia has reduced tax incentives to restrict investment in lower-quality nickel products, including nickel pig iron (NPI) and second-class nickel ore processing products. The government has made the decision to make the most of its abundant nickel reserves and to encourage more high-value investments in the downstream.
PLN cooperates with France-based HDF to develop hydrogen power plant in Indonesia
State-owned electricity company PLN is collaborating with French company Hydrogen de France to develop hydrogen technology in Indonesia. In a visit to France, PLN CEO Darmawan Prasodjo signed a Memorandum of Understanding with HDF on April 18, 2023.
Indonesia will loss IDR 57 trillion revenue if government bans export of copper, Freeport says
Vice President Corporate Communication of PT Freeport Indonesia Katri Krisnati, said that Indonesia will lose IDR 57 trillion in the form of tax, dividends and non tax revenue this year if the government suspend the operation of PT Freeport Indonesia. In addition to the losses, several regions in Papaua will lose IDR 8.5 trillion in revenue in the form of provincial government budget.