Revisiting CAB Cakaran-Salim Group Partnership in Poultry
A Malaysian integrated poultry farming producer, CAB Cakaran Corporation Bhd., intends to re-enter the Indonesian market through a joint venture (JV) with Salim Group by investing US$70 million up to US$80 million over the next five years order to build 50 to 60 poultry farms.
Vale & Tesla-Indonesia Talks
In May 2022, Vale SA, majority shareholder in PT Vale Indonesia Tbk (INCO), signed a long-term nickel supply deal with Tesla Inc, the world’s second largest EV manufacturer. According to the deal, Vale will supply nickel from sustainable mining operation in Canada.
Nickel-EV Journal
Nickel retreated to US$28,850 per ton last Friday on LME due to global economic concern and growing supply, particularly from new smelters in Indonesia. Still, this is a very profitable and attractive pricing, which might prompt the government to implement export tax on nickel pig iron (NPI) and nickel sulphate in the coming months.
Revitalizing shrimp farming
Asian Development Bank (ADB) announced in December last year that it will provide US$93 million loans in order to support smallholder shrimp farming in seven provinces in Indonesia. The funding is for the Infrastructure Improvement for Shrimp Aquaculture Project to be implemented in Bali, Banten, Central Java, East Java, Lampung, Aceh, and South Sulawesi province.
Toll road projects update
President Joko ‘Jokowi’ Widodo kicked start 2023 with the inauguration of Sungai Pinang-Bangkinang toll road (30.9 KM), which is part of a toll road project connecting Riau and West Sumatra, on Wednesday (Jan 4). Commercial operation of the toll road cut travel time from 1.5 hours to 25-30 minutes only.
Nickel-EV Journal
Nickel started 2023 trading with 4.73% gain on LME to US$31,335 per ton, representing 43% gain year-on-year. This is clearly a good news for Indonesia, the world’s largest exporter of nickel. If stays at this level, the country is set to record another strong year because of anticipated higher volume from new smelters.
Infrastructure Projects Update
President Joko ‘Jokowi’ Widodo has inaugurated operation of Sadawarna Dam in Sumedang, West Java province on Tuesday (Dec 27). This is dam number 33 inaugurated by Jokowi during eight years in office. We can safely say that Jokowi is the president with most aggressive...
Telkom-Medco-Singtel heats up data center
Competition in data center business has intensified with the entry of major players. PT Telkom Indonesia (TLKM) through its subsidiary NeutraDC has entered into a strategic partnership with Singtel and energy company Medco Power for building the new data center in...
Infrastructure outlook 2023
President Joko ‘Jokowi’ Widodo has just inaugurated commercial operation of Semantok Dam in Nganjuk, East Java province this week. Built since 2017, this is one of 30 dams inaugurated by Jokowi in the past few years, making him a president with aggressive development...
Nickel-EV Race: The South Koreans
Indonesian nickel smelters might be dominated by Chinese companies, but South Korean companies have stepped up their investments here. We have seen LG Energy Solution building the country’s first EV battery, while Hyundai has also aggressively pushed for domestic growth of EV market. More will come.