Day: October 9, 2024

Renewable energy players (3): Salim Group

Forget about Barito Renewables (BREN). Even when the stock has fallen almost 50% from peak, the last quoted price was still unreal. Let’s talk about other major players which could generate significantly bigger renewable energy capacity in the coming years because of their existing and future projects.

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The Fufufafa Furore

Roy Suryo, the former Minister of Youth and Sports Affairs during SBY’s presidency, was reported by a group called Pasukan Bawah Tanah (Pasbata) Jokowi to the National Police Criminal Investigation Unit on September 27. He was accused of spreading false information about the real identity of user Fufufafa on Kaskus, which allegedly belonged to the Vice President-elect Gibran Rakabuming Raka.

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The first LFP plant

Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investment inaugurated PT LBM Energi Baru Indonesia’s first production of lithium ferro phosphate (LFP) in Kendal Industrial Park, Central Java province yesterday.

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iPhone 16

Indonesian consumers need to wait longer to buy the new iPhone 16 because the product is not allowed to enter the market yet. Apple is deemed not comply to its investment commitment in the country. 

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More ambitious projects, but…

The new capital city (IKN) Nusantara will only get around US$1 billion from the State Budget 2025, the first full year of Prabowo presidency. That means by next year about 20% of the total investment needed (Rp400 trillion), which is part of the State’s portion, has been fully disbursed. Rest assured, given lack of interest from private sector to finance the balance (80% or Rp320 trillion), Nusantara might be abandoned. 

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