Tag: Technology

The largest privately owned PT Bank Central Asia Tbk (BCA) allocates Capital expenditure (Capex) of IDR 8.7 trillion (US$ 583.7 million) in 2023 for a new data center infrastructure. […]

The Financial Services Authority (OJK) reported a significant increase in non-performing loans (NPLs) for over 90 days from fintech P2P lending platforms. As of October 2022, the NPLs had risen to IDR 1.42 trillion (US$ 95.3 million), a 140.78% increase from from the previous year of IDR 593.44 billion. […]

PT Bank Danamon Indonesia Tbk and MUFG Bank announced a placement of US$ 100 million in a Venture Fund focusing on Indonesia called the MUFG Innovation Garuda No. 1 Limited Investment Partnership, or Garuda Fund. […]

Financial technology (fintech) companies have rapidly grown in Indonesia, offering a multitude of innovative apps and services. Such services transform the way consumers manage their finances. The country’s fintech industry has offered a wide range of options that provide fast, convenient and affordable financial solutions. […]

Three major state-owned banks of Mandiri, BRI and BTN will use their 2023 Capital Expenditure (Capex) to support the strengthening of cybersecurity, digital architecture, IT and digital services. […]

Coal mining company PT TBS Energy Utama Tbk (TOBA), which 9.99% of its shares are owned by Coordinating Maritime Affairs and Investment Luhut Binsar Pandjaitan, is allocating 80%-90% of its Capital expenditure (Capex) for its non-coal business in 2023. […]

The digital era has helped customers to use online transactions, including the rising trend of the Buy Now Pay Later (BNPL) feature – famously known as PayLater – in several ride hailing platforms, marketplaces and e-wallets. The COVID-19 pandemic in the past two years boosted the use of online transactions as governments imposed lockdowns and mobility restrictions. Low penetration of […]

The BYD Group of China and the US automotive and clean energy producer Tesla are in their final stage to invest in Indonesian electric vehicles (EVs) industry, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan. […]

A diverse range of companies in various industries, from natural resources and manufacturing to banking and telecommunications, plays a significant role in the Indonesian economy. These companies also serve as major employers in the country. […]

Printing company PT Jasuindo Tiga Perkasa Tbk (JTPE) aims for an ambitious double-digit growth in 2023, supported by its 2023 Capital expenditure (Capex) worth IDR 90 billion (US$ 5.9 million). […]

Indonesia still offers a great investment prospect in several industries namely tourism and gaming amidst the 2023 global economic recession threat. Speakers at the Indonesia PE-VC Summit by DealStreetAsia (DSA) concluded that Indonesia still provided lucrative investment opportunities. […]

In this digital era, the volume of financial management instruments is increasing in Indonesia. Banking and/or non-banking institutions have issued various innovations to help the public manage their finances more efficiently. The presence of an e-wallet is a proof of its implementation. […]

Jewelry store company PT Hartadinata Abadi Tbk (HRTA) will open 15 new stores in 2023 through its Capital expenditure of about IDR 50 billion. […]

Since the pandemic era, the transaction behavior of the society has been shifting towards online instead of offline along with restrictions on social mobility. Not only that, it also hosted massive adoption of crypto assets, including derivations in the form of DeFi and Metaverse which triggered a known phenomena i.e cryptoization. […]

Automotive spare part producer PT Selamat Sempurna Tbk (SMSM) has set IDR 150 billion (around US$ 10 million) Capital expenditure (Capex) in 2023 for maintenance such as line balancing, engine rejuvenation and adding mould-die. […]

Heavy equipment distributor PT United Tractors Tbk (UNTR) is expanding its business by allocating US$1 billion of Capital expenditure (Capex) in 2023 for equipment reconditioning and replacement. […]

Automotive component company PT Dharma Polimetal Tbk (DRMA) has set its Capital expenditure (Capex) for 2023 at IDR 500 billion, which will be used to expand its subsidiaries. […]

Refined petroleum trading company PT AKR Corporindo Tbk (AKRA) has allocated IDR 250 billion in Capital expenditure (Capex) for 2023 to increase the company’s profit growth. […]

Ride hailing apps InDrive is collaborating with Gardu House to promote the concept of humanizing technology through art with the hashtag #SentuhanManusia. The effort is to promote back the concept of freedom to choose. The mural work is displayed at the Jl. Kendal underpass in Central Jakarta. […]

Indonesia has invited Scandinavian countries of Denmark, Finland, Norway and Sweden to invest in the new renewable energy sector in the country through the Indonesia-Nordic Energy Investment Day: Collaboration to Achieve Net Zero Emission Target. This is part of the Bali Compact G20 2022, where the host country sees that forging international partners is critical in the energy transition process, […]

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. […]

PT TBS Energi Utama Tbk (TOBA) sets CAPEX for 2023 at US$50M-US$60M, to be allocated for further renewable energy development and EV vehicles. […]

The electric vehicles used for the G20 Summit in Bali in November 2022 are currently being sold at a discounted price or allocated for other government needs. Indonesia has committed to switch from fossil fuels to renewable energy by using electric vehicles – cars, motorcycles and buses – for the event’s mobility needs. […]

Indonesia is the world’s largest producer of palm oil, producing around 46.2 million metric tons in 2021 alone. Being the largest producer, consequently Indonesia has the largest oil palm plantations, especially in Sumatra and Kalimantan islands. […]

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. […]

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. […]

State Electricity Company (PLN) and US-based multinational technology company Amazon have agreed to collaborate on four solar panel projects. The Java-Madura-Bali grid projects will be in Bali and Java islands with a total capacity of 210 megawatts (MW). The agreement was signed at the Tri Hita Karana (THK) Forum on the sideline of the G20 Summit in Nusa Dua, Bali, […]

Indonesia Investment Authority (INA), Contemporary Amperex Technology Co., Limited (CATL) and CMB International Capital Corporation Limited (CMBI) have signed a Memorandum of Understanding (MoU) to carry out investment, fund establishment and other cooperation in electric vehicle supply chain for US$ 2 billion. […]

B20 Chairman Ririek Adriansyah has developed policy recommendation to deal with digital gaps in Indonesia, through doable relevant recommendations. Adriansyah, who is also President Director of state telecommunication giant PT Telkom, has taken into account the problems of digital infrastructure and its solution through relevant policy recommendations.  […]

Free-to-air television network Surya Citra Televisi (SCTV) will allocate IDR 250 billion for capital expenditure (Capex) for digital infrastructure development from analog TV to digital TV. The company will also establish a new studio and its broadcasting equipment. […]