#Infrastructure
Investment realization reaches IDR 892.4 trillion in 2022: BKPM
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion - or 74.4% of the target - both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
Gunawan Dianjaya Steel to build second plate mill factory
PT Gunawan Dianjaya Steel Tbk (GDS) is currently building its second plate mill factory (GDS II plate mill plant) using allocated Capex (Capital expenditure) of IDR 24 billion. The new factory is slated to be completed by the end of 2023.
Riau Islands offers tourism potential to Turkish investors
Riau Islands administration is offering potential tourism investments to Turkish investors, especially in the eco-tourism sector. The province is known for its high tourism potential, strategic location and beautiful scenery.
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.
Developed countries called on to support sustainable infrastructure
Indonesian Finance Minister Sri Mulyani Indrawati has urged developed countries to rally support for sustainable infrastructure during the “Infrastructure Development Through Innovation and Collaborative Financing: Toward Greater Inclusivity and Productivity” event in Washington DC.
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.