#Infrastructure
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.
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.
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.
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.
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.
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.
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.
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.