Category: Industries

Promising Development in Mineral Processing Industry

PT Indonesia Tsingshan Stainless Steel (ITSS) has on June 20, 2018 commissioned a 1 million tons per annum stainless steel factory in Morowali, Central Sulawesi province. This is part of Tsingshan’s integration strategies in Indonesia Morowali Industrial Park (IMIP). Commercial operation of the stainless steel factory will also affect nickel pig iron (NPI) supply from IMIP to China.

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Infrastructure & Tourism Industry

We have just visited some interesting tourism destinations in Flores Island last week. While we appreciate the government’s efforts to improve basic infrastructure in Labuan Bajo, the main gate to Komodo national park, Pink Beach, and Padar Island, access road to inland destinations like Wae Rebo cultural heritage village needs to be fixed immediately.

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A Promising Tourism Industry

Indonesia welcomed 1.3 million visits of foreign tourist in April, an increase of 11.04% year-on-year. In the first four months of the year, the country welcomed nearly 5 million visits, grew 13.83% from the corresponding period of 2017. Sam Ratulangi international airport in Manado, North Sulawesi continued to be the hot spot with 65.5% jump in the period.

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Toll Road Projects Update (4): Sulawesi & Kalimantan

North Sulawesi province has set an ambitious goal to welcome one million visits of foreign tourists by 2025. Last year, Sam Ratulangi international airport in Manado was the best performing in the country with nearly 90,000 visits of foreign tourists, jumped 80% from 2016. Given difficulties in expanding the airport’s handling capacity, it seems remote from achieving the target.

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Toll Road Projects Update (3): Trans-Sumatra

Completion of two other sections of Palembang-Indralaya toll road in South Sumatra is behind schedule. Still, because 100% land has been acquired, the toll road shall be commercial during Asian Games 2018 in Palembang. As of May 25, physical construction progress reached 70% (Section II) and 99% (Section III).

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Investment to Watch: China Jinjiang

China Jinjiang Environment Holding Company Limited, a leading waste-to-energy (WTE) operator in the People’s Republic of China (“PRC”), announced the acquisition by its wholly-owned subsidiary PT Jinjiang Environment Indonesia of a 95.0% stake in PT Indo Green Power (IGP), which has secured a concession to construct, own and operate a WTE facility in Palembang, South Sumatra province with a total installed waste treatment capacity of 1,000 tons per day.

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Toll Road Projects Update (2): Trans-Java

This year’s annual exodus for Lebaran holidays should be better with functional operation of almost all main sections of trans-Java. Families can save more time and money from congestions usually seen in similar exodus in the past. Slightly behind schedule, Section III and IV of Pejagan-Pemalang should be commercial after Lebaran because 100% land had been acquired, while physical construction progress already above 91% until last week.

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Toll Road Projects Update (1): Greater Jakarta

Compared to projects under the trans-Java and trans-Sumatra toll road program, development of toll roads in the Greater Jakarta area, which are more prospective, has been pathetically slow. The recently signed special loan of Rp7.16 trillion from state bank BRI to Waskita Toll Road (WTR), subsidiary of Waskita Karya (WSKT), might be a boost.

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Those Continue to Expand: Chandra Asri

Chandra Asri (TPIA), the largest petrochemical company in Indonesia, confronts short-term pressures due to over 50% jump of naphtha price in international market, but doesn’t stop it from expanding capacities. Few days ago, the company appointed Toyo Engineering, its long-time EPC contractor, for the construction of MTBE and Butene-1 plants in Cilegon, Banten province.

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Taking Indonesia-India Relationship to New Level

President Joko ‘Jokowi’ Widodo and visiting India Prime Minister Narendra Modi witnessed the signing of 15 MoUs, including six between private sectors from both countries. State military industry PT Pindad, for example, signed MoU with Bhukanvala, while pharmaceutical giant PT Kalbe Farma Tbk (KLBF) signed MoU with The Himalaya Drug Company.

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Revisiting Kendal Industrial Park

Most sections of trans-Java toll road are slated to start commercial operation this year, including the Pemalang-Batang and Batang-Semarang toll roads. Completion of trans-Java will likely leading to the growth of manufacturing investments from West Java to Central-East Java. West Java might remain the most attractive because of its established infrastructure, but higher land and labour costs might encourage more investors to see Central and East Java.

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