#Infrastructure
Risks, opportunities of EVs in Indonesia
The recent Gaikindo (Association of Indonesian Automotive Manufacturers) Indonesia International Auto Show (GIIAS) promoted automotive electrification of various brands. A total of 24 carmakers took part in the annual event including major brands of Toyota, Mazda, Nissan, Wuling and Hyundai. Motorcycle producers and components also took part in the event.
Indonesia aims high on EV, but challenges remain
Indonesia wants Tesla Inc. to make electric cars in the country, not just batteries and is willing to take the time to convince Tesla founder and CEO Elon Musk to see it as more than just a rich repository of resources.
ASSA receives IDR300 billion credit facility from Bank Muamalat
PT Adi Sarana Armada Tbk (ASSA) received credit facility from Bank Muamalat worth IDR300 billion on August 19, 2022. The capital loan will be used for purchasing vehicles for business expansion.
PP works on various government projects
PT Pembangunan Perumahan (PP) Tbk received numerous contracts worth nearly IDR700 billion in the second quarter of 2022, mostly from state-owned enterprises (SOE). Its capital expenditure (Capex) composition amounts to IDR645 billion for the primary subsidiary, the non-primary subsidiary with IDR 1.23 trillion and affiliated companies IDR16 billion. PP will focus on primary strategic government projects.
Intiland, Mitbana establish a new joint venture company
Intiland is establishing a joint venture company with one of its subsidiaries Mitbana Urban Development Fund. The cooperation allocates Capex (capital expenditure) investment worth IDR1 trillion for the development of the 270-hectare housing complex in Talaga Bestari, Tangerang. The Capex will be for the financing the ongoing construction of various projects.
DHL continues sustainable business in Indonesia
DHL expresses the importance of logistics in Indonesia and the prospect of continuing sustainable business in the long term ahead. For that, DHL Supply Chain (DSC) the parent company will invest €25 million in Cikarang, West Java.
Indonesia's downstream mineral industry ambitions still have a long way to go
Indonesian authorities are optimistic about developing the downstream mineral industry and prohibiting the export of raw minerals. The downstream sector, however, has a long way to go, according to some industrialists and market players.
Kemenparekraf invests in 25 projects
The Ministry of Tourism and Creative Economy (Kemenparekraf) is investing in 25 projects in Indonesia in 2022. Its projects are five Super Priority Destination (DSP), 8 Special Economic Zone (KEK) and 12 eco-tourism investment projects.
Government provides support to automotive industry facilities, including EVs
ASEAN is the largest automotive market in the world where many brands trade their vehicle products from various parts of the world. The 10 Southeast Asian member states have a bright projection for the automotive market with the trend of increasing economic growth with high absorption capacity that can attract foreign investors and reduce dependence on automotive imports.
Chinese brand Wuling promote EVs in Indonesia
The new era of electric vehicle (EV) drives Wuling Motors to develop more EV cars in the future in Indonesia. With a thousand pre-orders on its latest products in 2022, Wuling Indonesia is currently following suit its parent company in China to develop more EVs for the market segment in Indonesia which is presently high-end.
Indonesia to ban other raw mineral exports after nickel ore ban's success
Following the success of nickel ores export ban and the development of its downstream industry, the government will apply the same prohibition to ores such as copper, bauxite and tins.
Indika Energy absorbs US$19.3 million of Capex in H1 2022
PT Indika Energy Tbk has spent US$19.3 million out of the allocated budget of US$193 million towards the company’s subsidiaries and its ongoing gold mine project.