#Infrastructure
Surveyor Indonesia verifies Freeport's smelter progress for export duty reduction
PT Surveyor Indonesia Tbk is verifying the progress of gold and copper mining company PT Freeport Indonesia (PTFI)'s smelter in Gresik, East Java. The verification is needed to decide if it has reached more than 30% progress as claimed by the Energy and Mineral Resources Ministry and the company itself. Based on the regulation, Freeport can secure export duty reduction from 5% to 2.5% if the progress on smelter is more than 30%.
Astra Graphia gains IDR31 billion profit, to expand data center in 2022
PT Astra Graphia Tbk (ASGR) posted a IDR31 billion net profit in the first half of 2022 and plans to expand data centers to support its total solution business towards the company subsidiaries.
Pertamina Power uses Capex for NRE transition
PT Pertamina Power Indonesia (PPI) has initiated its long-term plan for 2020-2024 by using 9% of its capital expenditure (Capex) to develop green hydrogen pilot project in Ulubelu, Lampung.
ELPI launches IPO, to raise IDR222.4 billion for Capex
PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) listed its initial public offering (IPO) on Indonesia Stock Exchange (IDX) on August 4, 2022, and targeted to raise IDR222.4 billion fund for its capital expenditure (Capex).
Samudera Indonesia allocates US$57 million in Capex to expand business
Logistics and shipping company PT Samudera Indonesia Tbk is aggressively expanding its business by allocating capital expenditure (Capex) worth US$57 million in the first semester of 2022.
Mitratel to increase its Capex to IDR14 trillion for telecommunications infrastructure
PT Dayamitra Telekomunikasi Tbk (Mitratel) has increased its capital expenditure (Capex) from previously IDR10 trillion to IDR14 trillion on telecommunication towers and fiber optics.
Merdeka Tsingshan (MTI) gets injection to raise copper facility management
MTI received a capital injection from PT Merdeka Copper Gold Tbk (MDKA) to increase copper facility management in Morowali for export on Monday 1st August 2022 which was promised on 29th July 2022.
Telkom utilizes Capex investment for future development
State-owned enterprise PT Telkom Indonesia Tbk has absorbed its IDR40 trillion capital expenditure (Capex) to develop its support infrastructure in the first quarter of 2022. Among the investments are establishing data centers in Cikarang, Bekasi regency, and increasing the quality of 4G and 5G services to enhance the company's digital quality.
Grand House Mulia prepares IDR50 billion to continue Parkville development
Property and real estate company PT Grand House Mulia Tbk (HOMI) has allocated a budget of IDR50 billion to continue the development of Parkville Serpong with its fourth cluster, Toscana. The capital expenditure (Capex) comes from both internal cash and bank loans.
Bank Mandiri develops digital services
State-owned PT Bank Mandiri Tbk plans to develop digital services to strengthen bank digitalization. Mandiri took half of the total capital expenditure (Capex) worth IDR2 trillion on July 28, 2022.
Ciputra absorbs IDR200 billion for hospital expansion, warehouse project
Property firm PT Ciputra Development Tbk has absorbed IDR200 billion from its IDR800 billion capital expenditure (Capex) for its hospital expansion and warehouse development in CitraLand Surabaya.
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.