#Technology
Government to subsidize electric motorcycles to boost conversion of new energy
Starting on March 20, 2023, the government will provide subsidies for battery electric vehicles (BEVs), particularly electric motorcycles, to help spur the new energy automotive industry development. The subsidy is the government's first step to allowing price affordability and people's purchasing power to buy BEVs.
Indonesia, Singapore join hands to advance digital economy partnership
Coordinating Minister for the Economy Airlangga Hartarto and Singapore's Senior Minister and Coordinating Minister for National Security Teo Chee Hean met in Jakarta on March 1, 2023, to discuss ways to strengthen digital economic cooperation between the two countries.
Indonesia, Western Australia join forces to boost EV industry
The Western Australian Government Deputy Premier Roger Cook and the Indonesian Chamber of Commerce and Industry (Kadin) Chairman Arsjad Rasjid signed a Memorandum of Understanding (MoU) in Perth, Australia, on February 21, 2023.
Government should provide favorable climate to attract tin downstream investors
To attract investors in the tin downstream industry, Indonesia must guarantee competitive investment costs, affordable gas prices, low logistic costs and infrastructure availability. President Director of state-owned tin mining company PT Timah Tbk., Achmad Ardianto, said investors in the tin downstream industry would seek a location with reasonable capital or minimal investment costs.
Political cyberattacks loom ahead of 2024 elections
As Indonesia approaches the 2024 General Elections and competes for the support of tech-savvy voters, digital freedom of expression is expected to suffer further, according to a recent study by the Southeast Asia Freedom of Expression Network (SAFEnet).
Government's negotiation with Tesla, BYD shows positive development
The government's efforts to attract investors in electric vehicles (EVs) to invest in the country have shown a positive sign so far. Deputy Minister for Investment and Mining Coordinator at the Ministry of Maritime Affairs and Investment Septian Hario Seto said the negotiation between the government and the US company Tesla was still ongoing.
I'm an insecure guy, I always want to be better: Pandu Sjahrir
Pandu Patria Sjahrir is the key-man, one of Asia's and Indonesia's most influential business leader. Currently, Pandu is the VP Director of PT TBS Energi Utama Tbk, Founding Partner of AC Ventures and Managing Partner of Indies Capital. Through this interview, Pandu has opened up to Indonesia Business Post on his ambition, his challenges in life and his perspective relating to Indonesia's biggest challenges.
Astra Graphia allocates IDR 200 billion Capex to facilitate its growing business
Office equipment trading company PT Astra Graphia Tbk (ASGR) has allocated IDR 200 billion (US$ 13.14 million) Capital expenditure (Capex), a 20% higher than its 2022's allocation. The company will use the fund to facilitate its business and development of its transformative business.
XL Axiata to expand 4G network across Indonesia with its IDR 8 trillion Capex
Telecommunication service operator PT XL Axiata Tbk (EXCL) has allocated IDR 8 trillion (US$ 527 million) for its 2023 Capital expenditure (Capex) for the company's business expansion and development of network infrastructure.
Danamon allocates US$ 115 million Capex to achieve net profit growth
Private lender PT Bank Danamon Indonesia Tbk (BDMN) has allocated between US$ 100 and US$ 115 million (IDR 1.5-2.3 trillion) Capital expenditure for 2023 to achieve its net profit growth.
Indonesia-China high speed train project costs swell to IDR 131 trillion
Indonesia and China have reached an agreement on the cost overrun for the Jakarta-Bandung High Speed Train (KCJB) project of US$ 1.2 billion, or IDR 18.24 trillion, from the previous estimation of IDR 113 trillion to IDR 131 trillion.
Kobexindo allocates US$ 4 million Capex for equipment rejuvenation
Heavy equipment distributor PT Kobexindo Tractors Tbk (KOBX) has allocated US$ 4 million Capital expenditure (Capex) in 2023 for operations and heavy equipment rejuvenation.