#Technology
Dharma Polimetal sets IDR 500 billion Capex for expansion
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.
AKR Corporindo sets IDR 250 billion Capex in 2023
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.
InDrive collaborates with Gardu House to promote freedom to choose through art
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.
Energy transition in Indonesia needs more international supports
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, supports new economies and increases investment in net zero energy systems.
Galva Technologies allocates IDR 80 billion of Capex for 2023
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.
TOBA sets US$ 50-60 million Capex for 2023
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) - which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan - has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
G20 electric vehicles are up for sale with a discount and allocated for government needs
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.
10 largest oil palm plantations in Indonesia
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.
Link Net to expand business outside Java
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.
Four energy agreements signed during B20 Summit 2022
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.
PLN and Amazon to develop four solar projects in Java and Bali
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, on November 13, 2022.
Indonesia Investment Authority inks deal with CATL, CMB International on US$ 2 billion in EVs
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.