Category: Infrastructure
IBC Receives US$15 Billion to Build Battery Ecosystem
The Indonesian Battery Corporation (IBC), received an investment of US$ 15 billion from its two partners, Ningbo Contemporary (CBL) and LG Energy Solution (LGES). Both partners have partnered with IBC’s parent, PT Aneka Tambang Tbk (ANTM), to develop an electric vehicle battery ecosystem in the country. This partnership aims to develop an integrated electric vehicle battery project.
Read MoreCorporate FY2 Results
Hospital operator Mitra Keluarga Karya Sehat (MIKA) booked profit attributable to owners of Rp1.23 trillion in 2021, which grew 46% year on year (y/y) as revenues rose 26,5% y/y to Rp4.35 trillion. MIKA’s operating profit grew 45.4% y/y to Rp1.67 trillion.
Read MoreCorporate FY21 Results
State toll road operator Jasa Marga (JSMR) booked a net profit of Rp871.2 billion in 2021, against a loss of Rp41.6 billion in 2020, helped by higher toll revenue, other income, and gain on divestment.
Read MoreFY21 Results of Semen Indonesia
State cement producer Semen Indonesia (SMGR) booked profit attributable to owners of Rp2.02 trillion in 2021, declined 27.6% year on year (y/y) due to weaker revenue and higher cost. The Company’s revenue declined 2.8% y/y to Rp34 trillion, while the cost of revenue increased 4.3% y/y to Rp24 trillion.
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Infrastructure 2022
2022 will witness further improvement of Indonesia’s public infrastructure with scheduled completion and commercial operation of the first high-speed train (HST) connecting Jakarta and Bandung, the light-rail transit (LRT) connecting Bekasi, Cawang, Dukuh Atas, and Cibubur, 421 KM toll road, and at least 10 dams.
Read MoreOptimism for Industrial Estate
As the COVID-19 pandemic has fewer cases at the current time, the industrial estate developers should be more optimistic about recovering their earnings this year. Developers were also helped by the Government’s incentive in value-added tax and the positive prospect of shopping mall operations in line with the weak implementation of public mobility and activity implementation program (PPKM).
Read MoreICT Update
In a release published on Thursday, Dec. 30, 2021, the spokesperson for the Ministry of Communication and Information (Kominfo), Dedy Permadi, summarized Kominfo’s achievements in 2021. From deploying fiber optics networks for the West, Central, and East Palapa rings to the reorganization of frequency spectra, Kominfo continues to develop Indonesia’s digital infrastructure.
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MRT Jakarta: A Tariff Impasse?
As we’ve reported before, mainstream media outlets were quick to announce the Jakarta Mass Rapid Transit (MRT) tariff scheme after the Chairman of the Jakarta Legislative Council (DPRD DKI) Prasetio Edi Marsudi shared with them the Rp8,500 number. The said tariff was the tariff from Lebak Bulus Station to Bundaran Hotel Indonesia Stations that the joint leadership meeting (Rapimgab) had supposedly agreed to. Not long after that, however, the Governor of Jakarta Anies Baswedan told the press that the Rp8,500 tariff was not the final tariff. Where are we with this debate?
Read MoreMRT Jakarta: Ticketing Issue (2)
On Monday (March 25), news broke that the Province Government of Jakarta (Pemprov DKI) and the Jakarta Legislative Council (DPRD DKI) had agreed on a tariff of 8,500 rupiah for Jakarta Mass Rapid Transit (MRT). By Tuesday (March 26), however, Governor Anies Baswedan told the press that the tariff set on Monday was not final. He later met with the Chairman of the DPRP DKI and a new tariff scheme suddenly appeared. So, do we have a final official tariff?
Read MoreMRT Jakarta: Ticketing Issue
President Joko “Jokowi” Widodo inaugurated the commercial operation of the Jakarta Mass Rapid Transit (MRT) on Sunday (Mar. 24). Jakartans can now use the service. Can they? The words on the news is that from today to the end of March, Jakartans can ride the MRT for free. They still have to buy the ticket card, but their credit will not be deducted. Tariffs will apply beginning on April 1. But what we’re hearing from people trying the service this morning, things are a bit more complicated.
Read MorePeople on the Move
The registration of lawmaker candidates came with a few surprises: the inclusion of the former commissioner of the Corruption Eradication Commission and now the Spokesperson of President Joko “Jokowi” Widodo Johan Budi Sapto Prabowo as a lawmaker candidate for PDIP; and the former of PKS’ Yusuf Supendi suddenly running as a PDIP cadre.
Read MoreTrans-Sumatra Progressed Well, Show Me The Money!
State-owned EPC firm Hutama Karya, assigned to develop trans-Sumatra toll road, reported further progress in some sections by April 6, 2018. Medan-Binjai in North Sumatra reached 86.23%, while Palembang-Indralaya in South Sumatra 84.64%. We anticipate delay in commercial operation of some sections, but overall they’re getting closer to completion.
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