Apr 19, 2022 | Business, Infrastructure, Market
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...
Mar 29, 2022 | Business, Infrastructure, Market
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....
Mar 22, 2022 | Business, Infrastructure
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. JSMR’s EBITDA grew 28.3%, and its EBITDA margin reached...
Mar 2, 2022 | Business, Infrastructure, Market
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...
Jan 12, 2022 | Business, Infrastructure
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...
Jan 11, 2022 | Business, Infrastructure, Market
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...
Dec 31, 2021 | Business, Infrastructure, News Group
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...
Mar 28, 2019 | Infrastructure
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...
Mar 27, 2019 | Infrastructure
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...
Mar 25, 2019 | Infrastructure
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...
