#Infrastructure
MNCN prepares IDR700 billion to develop Movieland
Media conglomeration PT Media Citra Nusantara Tbk (MNCN) prepares IDR700 billion to finance the development of Movieland in Bogor regency, West Java, in 2022. The first phase of the development is scheduled to be finished by the end of this year.
Metland absorbs Capex for land, infrastructure acquisition
Property firm PT Metropolitan Land Tbk (Metland) has focused on developing the company through its capital expenditure (Capex) of IDR650 billion beginning 2022. However, only IDR210 billion has been absorbed in the first quarter of 2022.
Inti Bangun Sejahtera builds new towers, fiber optic cables
Telecommunication tower firm PT Inti Bangun Sejahtera Tbk (IBST) is focusing on building telecommunication towers and fiber optic cables in 2022 to accommodate other Indonesian providers. This year, the company will aggressively finish the predetermined targets.
Habco Trans Maritima plans to enter international shipping sector
Marine logistics company PT Habco Trans Maritima Tbk (HATM) is entering international shipping business after its initial public offering (IPO) to the Indonesia Stock Exchange (IDX) on July 26, 2022. Habco will use the IPO funds in procuring vessels for its expansion to the shipping business this year.
Makmur Berkah Amanda focuses on its Halal Industrial Park
Property developer PT Makmur Berkah Amanda Tbk is investing IDR90 billion in capital expenditure (Capex) to develop the Halal Industrial Park Sidoarjo (HIPS). PT Bank Central Asia (BCA) Tbk, the country's biggest private bank, will provide the loans for the 2022 Capex.
Central Omega keeps on focusing on smelter development
Publicly listed nickel miner PT Central Omega Resources Tbk is focusing on domestic mining and the development of its second smelter factory in North Morowali, Central Sulawesi in July 2022. The company will also export its products to China, the biggest nickel importer in the world.
Nongsa SEZ still requires IDR20 trillion in investment
The government sets its eyes on Nongsa Special Economic Zone (SEZ) and keen to accelerate its IDR60 trillion investment that has yet to achieve. The development of Nongsa focuses on economic digitization on the pretext of being able to contribute to Indonesian economy in the IT field. Currently, there are only 11 data center companies that have allocated their capital and electricity needs of IDR14 trillion and 125MW (megaWatts).
Summarecon Agung has four new regional projects
Property developer PT Summarecon Agung Tbk has four new projects in 2022 and prepares a capital expenditure (Capex) of IDR600 billion for property investment. Summarecon targets 46% of pre-sales achievement by 2022.
VKTR, TNS sign MoU on nickel ore supply for electric vehicles
PT VKTR Teknologi Mobilitas (VKTR) and PT Tambang Nickel Central Sulawesi (TNS) signed a memorandum of understanding (MoU) on July 19, 2022, in Palu, Central Sulawesi, on nickel ore supply. The nickel ore will contribute to the development of electric vehicle (EV) ecosystem in Indonesia.
Freeport, Linde sign contract on high-purity industrial gas supply
PT Freeport Indonesia, the leading mining company in Indonesia, signed an agreement on high-purity industrial gas with PT Linde Indonesia on July 20, 2022. Linde will invest over US$100 million to build, own and operate the air separation unit (ASU) on the Manyar smelter plant in Gresik, East Java, to supply oxygen and nitrogen.
Pertamina Geothermal provides investment opportunities for G20 countries
The subsidiary of the state-owned oil-and-gas giant PT Pertamina opens opportunities for G20 countries to invest in Indonesia in the sustainable energy sector to accelerate energy transition. The company’s subsidiary PT Pertamina Geothermal Energy (PGE) offered potential investors to increase geothermal capacity in North Sulawesi.
OCBC NISP invites young innovators in Hack@ON to create better services
The ongoing COVID-19 pandemic in the past two years has prompted Indonesian banking customers to switch their activities to digital space, data from the Communication and Information Ministry show.