#Infrastructure
Pertamina CEO explains factors leading to fires at refineries
The fire that occurred at the oil refinery owned by state-owned oil and gas company PT Pertamina in Dumai, Riau, added to a long list of a series of fires at Pertamina assets in the last several years.
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.
A fire broke out at Pertamina’s Dumai refinery raising questions on safety procedures
Nine people were injured, and several houses and houses of worship sustained damage after a fire broke out at the state-owned oil and gas company Pertamina refinery in Dumai, Riau province, on April 1, 2023. Recurring fire incidents at Pertamina fuel processing and storage has raised questions about the management‘s monitoring of safety procedure.
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).
K-pop fans call out to South Korea’s automotive giant Hyundai to withdraw from a planned coal power plant in North Kalimantan.
KPOP4PLANET, a fan-driven climate initiative, along with Indonesian fans of BTS (known as ARMY) wrote an open letter to South Korean automotive company Hyundai to withdraw from their recent agreement with Adaro in which the company invested in a 1.1 GW coal power plant and smelter construction in North Kalimantan.
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.
I'm the optimistic type that hopes… we can make a change for ourselves: Nicolas Parrot
Nicolas Parrot is the President Director at PT Bank BNP Paribas Indonesia and an Executive member of the Indonesia International Banks Association and board member of the Indonesian French Chamber of Commerce. He recently spoke to Indonesia Business Post on his career at BNP Paribas, being a banker in Indonesia and his views on Indonesia’s biggest challenges.
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.
Adhi Karya budgets IDR 1.1 trillion Capex for toll road projects
State-owned construction engineering company PT Adhi Karya Tbk (ADHI) has allocated IDR 1.1 trillion (US$ 71.86 million) Capital expenditure (Capex) in 2023 for the construction of toll road projects and water supply system.
Ciputra to focus IDR 1 trillion Capex on construction projects, land acquisition
Property developer PT Ciputra Development Tbk (CTRA) has allocated IDR 1 trillion (US$ 65.6 million) Capital expenditure (Capex) in 2023 for its construction projects and land acquisition.