#Infrastructure
Astra Otoparts budgets IDR 500 billion Capex for business expansion, EV components
Automotive component producer PT Astra Otoparts Tbk (AUTO) has budgeted IDR 500 billion (US$ 32.92 million) Capital expenditure (Capex) to facilitate its work in the new type of Original Equipment of Manufacturer (OEM), implementation of digitization and automation. The company will also expand its business to the electric vehicle (EV) components.
BSD to develop a digital hub in BSD City with 2023 Capex of IDR 2.5 trillion
Real estate developer PT Bumi Serpong Damai Tbk (BSDE) will develop a 25-hectare (ha) office area dedicated for technology-based companies or startups by allocating IDR 2.5 trillion (US$ 164.6 million) Capital expenditure in 2023.
AKR Corporindo injects IDR 22.6 billion to its subsidiary Akrida
Logistics and supply chain company PT AKR Corporindo Tbk (AKRA) has injected capital of IDR 22.6 billion (US$ 1.5 million) to one of its subsidiaries, PT Anugerah Krida Retailindo (Akrida), to increase its authorization capital.
New gas reserve of 15.02 million cubic feet discovered in Maluku
The Upstream Oil and Gas Regulatory Task Force (SKKMigas) and Cooperation Contract Contractor (KKKS) Citic Seram Energy Ltd. has claimed the discovery of a fresh reserve of 15.02 million cubic feet of gas on Seram Island in Maluku province, Antara news agency reported.
Total sets IDR 3 billion Capex for infrastructure development
Construction firm PT Total Bangun Persada Tbk (TOTL) has set a Capital expenditure (Capex) for 2023 worth IDR 3 billion (US$ 197,706) to develop infrastructure.
XL Axiata to expand 4G network across Indonesia with its IDR 8 trillion Capex
Telecommunication service operator PT XL Axiata Tbk (EXCL) has allocated IDR 8 trillion (US$ 527 million) for its 2023 Capital expenditure (Capex) for the company's business expansion and development of network infrastructure.
Astra Agro Lestari budgets IDR 1.7 trillion Capex in 2023
Palm oil company PT Astra Agro Lestari Tbk (AALI) has allocated between IDR 1.5-IDR 1.7 trillion (US$ 100-US$ 110 million) Capital expenditure (Capex) for replanting and treating immature plants. The budget - which will be for the maintenance of infrastructure, machinery and tools - will fully come from internal sources.
Danamon allocates US$ 115 million Capex to achieve net profit growth
Private lender PT Bank Danamon Indonesia Tbk (BDMN) has allocated between US$ 100 and US$ 115 million (IDR 1.5-2.3 trillion) Capital expenditure for 2023 to achieve its net profit growth.
Mitra Pinasthika Mustika allocates IDR 100 billion for digitalization program
Automotive and transportation service provider PT Mitra Pinasthika Mustika Tbk (MPMX) has allocated IDR 100 billion (US$ 6.62 million) Capital expenditure (Capex) for digitalization program.
Adaro Minerals sets US$ 90 million Capex for coal metallurgy
Mining firm PT Adaro Minerals Indonesia Tbk (ADMR) has allocated US$ 70-90 million Capital expenditure (Capex) for 2023 for one of its coal metallurgy (hard cooking coal).
Indonesia-China high speed train project costs swell to IDR 131 trillion
Indonesia and China have reached an agreement on the cost overrun for the Jakarta-Bandung High Speed Train (KCJB) project of US$ 1.2 billion, or IDR 18.24 trillion, from the previous estimation of IDR 113 trillion to IDR 131 trillion.
Aman Agrindo budgets IDR 50 billion for a new factory in Banten
Sugar plantation company PT Aman Agrindo Tbk (GULA) is budgeting Capital expenditure (Capex) in 2023 for about IDR 40-50 billion (US$ 2.6-3.3 million) for the construction and establishment of a factory in Banten.