#Infrastructure
Amman Mineral Nusa Tenggara smelter progress reaches 47% in October 2022
The construction progress of mining company PT Amman Mineral Nusa Tenggara (AMNT) copper smelter has reached 47% as of October 2022. The smelter will produce 200,000 copper cathodes by the end of 2024, later than the original schedule of 2023.
Gihon to add 90 telecommunication towers in 2022
Telecommunication tower provider PT Gihon Telekomunikasi Indonesia Tbk plans to add 90 towers, with the addition of approximately 140 tenants, with a Capex (capital expenditure) of IDR 200 billion.
CP Prima expands food processing plant
Aquaculture company PT Central Proteina Prima Tbk (CP Prima) has allocated capital expenditure (Capex) of about IDR 120 billion for its new food processing plant in Kendal Industrial Zone, Central Java.
Wijaya Karya signs a whopping IDR 19 trillion deal on new capital projects
State-owned construction firm PT Wijaya Karya Tbk (Wika) had signed a valuable contract worth IDR 19 trillion by September 2022 for infrastructure projects in Indonesia's new capital (IKN), Nusantara. The whopping deal reflects the company's 44.63% total target in signing new contracts in 2022.
Bumi Resources receives IDR 24 trillion from a private placement fund
PT Bumi Resources Tbk (BUMI) will pay its debts in the future through private placement funds of IDR 24 trillion and will be paid off in the next 5 days.
Telkom develops a new data center in Batam
PT Telkom Indonesia (Persero) Tbk is expanding to build a data center in Batam, Riau Islands province, in 2022. The opening of the new data center is related to the company's expansion to the Singaporean market.
Indonesia expects to lead in digital economy in future
Indonesia has the potential opportunity to be the most prominent digital economy in the remaining year of 2022 and the future. This opportunity lies in the high digital penetration of mobile phone among its population.
Indonesia's EV infrastructure sector still open to many
With over 28,188 electronic vehicle (EV) units all over Indonesia - consisting of cars, motorcycles and buses - the nation still suffers from lacking of infrastructure. However, the door for investors to EV infrastructure is still wide open.
Indonesia needs investment for developing EVs despite having good prospect
Indonesia is one of the biggest markets for automotive industry, especially electric vehicles (EV), in 2022. The country's population of 273.5 million people, the rise of its middle-class population to about 52 million and the rise of economic growth to 5.44% year-on-year (yoy) are among the supporting factors. Furthermore, the government has been supportive and welcome investment for the development of EVs.
East Kalimantan develops fishery sector in Muara Badak
East Kalimantan has been developing its fishery sector - including by financing a fish auction building in Muara Badak district, Kutai Kartanegara regency - since 2017 with a total investment of IDR 165.39 billion. The project is part of the Investment Coordinating Board (BKPM)'s 47 national projects.
East Kalimantan expands its investment in fisheries
Kutai Kartanegara regency has been expanding its fishery sector in Kota Bangun district since 2017 with an investment of IDR 59.74 billion. It is part of the Investment Coordinating Board (BKPM)'s 47 national projects.
South Sulawesi expands copper recycling industry
South Sulawesi has been expanding a copper recycling industry facility, which is part of the Investment Coordinating Board (BKPM)'s 47 national projects, in Takalar regency. The investment worth about IDR 3.08 trillion in 2020.