#Technology
Mandiri, BTN and BRI step up cybersecurity game with bigger IT Capex in 2023
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.
TBS Energi Utama shifts focus to non-coal business
Coal mining company PT TBS Energi 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 rise and risk of PayLater trend
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 credit cards in Indonesia also becomes another factor why customers prefer using PayLater.
BYD Group, Tesla in final stage to invest in Indonesia, Luhut says
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.
40 biggest companies in Indonesia
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.
Jasuindo eyes double-digit growth with IDR 90 billion Capex
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).
Tourism and gaming still lucrative for investors despite global recession threat
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.
10 most popular e-wallets among Indonesians
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.
Hartadinata to open 15 new stores in 2023
Jewelry store company PT Hartadinata Abadi Tbk (HRTA) will open 15 new stores in 2023 through its Capital expenditure of about IDR 50 billion.
Digital Rupiah: Is it the future of Indonesia's currency in digital era?
The use of cryptocurrency as a legal payment in Indonesia is still prohibited. However, in 2022, Indonesia has started to develop a digital currency called the Indonesia Central Bank Digital Currency (CBDC). It is different from cryptocurrencies because they are legal and managed by Bank Indonesia so that the volatility of their value is expected to be more stable.
Selamat Sempurna targets Capex at IDR 150 billion to help raise sales by 10%
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. It also targets an increase in sales to 10%.
United Tractors allocates US$ 1 billion for its 2023 Capex
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.