Toll Road Projects Outside Java, Where We Are?
President Joko ‘Jokowi’ Widodo is scheduled to inaugurate the long-delayed Soreang-Pasir Koja toll road (9 KM) in greater Bandung area, West Java Monday (Dec 4). This is the 10th toll road (including sections) inaugurated by Jokowi this year, including some outside Java (Medan-Binjai, Medan-Kualanamu-Tebing Tinggi, and Palembang-Indralaya). How about other toll road projects outside Java?
Growing Investments in Steel and Mineral Processing Industry (3)
Delong Holdings Limited, China’s manufacturer of hot-rolled steel coils, has decided to expand its scope and geographical location of its steel business to Southeast Asia, in particular Indonesia. The first step is the nearly US$1 billion investment in stainless steel project located in Morowali Industrial Park, Central Sulawesi.
Trans-Java Toll Lifts Outlook of Industrial Estates & New Townships
State-owned toll road developer and operator PT Jasa Marga Tbk (JSMR) reported significant progress in construction of trans-Java toll roads. Physical construction progress of Jakarta-Cikampek II Elevated (36.4 KM) already reached 13.74% by early November, lifting prospect of industrial and township developments along the road.
Japan Invest More in Indonesian Property
Japan is the most aggressive player in Indonesia’s property business. After Mitsubishi Estate Co Ltd, which joined forces with Gesit Group and Sofjan Wanandi’s Santini Group in Jakarta’s US$260 million office tower project, another Japanese group recently entered into partnership with domestic property player.
Peter Sondakh’s Iron-Steel Bet
PT Surya Langgeng Utama, a wholly owned subsidiary of Peter Sondakh’s PT Rajawali Corpora, has launched a conditional cash offer of $0.02 per share for all of the shares in Indo Mines Ltd that Rajawali does not already own. Indo Mines Ltd, listed on the stock exchange of Australia (ASX), controls iron project in Kulon Progo, Yogyakarta.
Expansion of Airports & Tourism Industry
President Joko ‘Jokowi’ Widodo has just inaugurated new passenger terminal at Silangit International Airport, North Sumatra, which is slated to boost tourist visits to Toba Lake, this morning. The president ordered further expansion of the airport to accommodate wide body aircrafts.
Airport Train, Finally
Antara News Agency quoted then transportation minister Hatta Rajasa on April 17, 2007 that the so-called airport rail link connecting Soekarno-Hatta international airport and Manggarai Station in South Jakarta would start commercial operation in late 2008. We all know, however, until the end of President SBY’s 10-year tenure in October 2014, the project was not even started.
Automotive Industry: Domestic Correction & Export
Correction in domestic sales of cars and motorcycles might continue in the short-term, while export is slated to grow steadily along the growing domestic manufacturing capacity. In the first 10 months of 2017, Indonesia’s export revenues from vehicles and parts already reached US$5.7 billion, an increase of 18.1% from the corresponding period last year.
Interesting Projects in Processing Industry
After more than 25 years, Indonesia will likely see construction of a new oil refinery. It is not a greenfield project, but in the form of fifth refinery unit at Balikpapan complex of state oil and gas company Pertamina. Still, this US$5 billion project will be the second largest oil and gas processing facilities kicked off by Jokowi-Kalla administration after Tangguh LNG Train 3 (US$8 billion) in West Papua.
New Investors Enter Salim Group’s Gallant Venture, Next?
Three investors have subscribed 513 million new shares of SGX-listed Gallant Venture Ltd for an aggregate consideration of S$68.24 million. These investors will then control 9.61% of the enlarged share capital of Gallant Venture, a company controlled by Salim Group, which is also parent of automotive firm Indomobil (IMAS).