#Infrastructure
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.
Bayan Resources absorbs US$ 166.2 million Capex, to increase coal production in 2023
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
TOBA sets US$ 50-60 million Capex for 2023
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) - which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan - has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
RMKE allocates IDR 1 trillion Capex for 2024-2026
Coal logistic service provider PT Rantai Mulia Kencana Energy Tbk (RMKE) has allocated Capex of IDR 1 trillion from 2024 to 2026 to build 155 kilometers (km) road infrastructure. The infrastructure will support the hauling service and mining activities.
Rhenus shows interest in Nusantara new capital project
Rhenus Logistics Indonesia has shown interest to take part in Indonesia’s megaproject to relocate its capital from Jakarta to Nusantara new capital (IKN) in East Kalimantan. The company, which is part of the German-based Rhenus Group, plans to use its expertise in domestic seafreight movements for the project.
Link Net to expand business outside Java
Broadband internet and cable TV provider PT Link Net Tbk (LINK) will expand its home passes outside Java Island and seek potential markets in other islands' cities for its home passes.
Four energy agreements signed during B20 Summit 2022
The B20 Summit on 2022 concluded successfully on November 14, 2022, in Nusa Dua, Bali, for host Indonesia as the country's major companies sealed four green energy agreements with foreign investors.