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capital-expenditure

The planned gold royalty hike could discourage investment

Academia 11 months ago

PREMIUM
The planned gold royalty hike could discourage investment

Indonesia's gold royalty rate is higher than that of most other jurisdictions and is generally perceived as regressive, so the government needs to consider at least four possible actions to maintain competitiveness and encourage investment while boosting revenue.

Reducing Java's dominance in national procurement

Academia 1 year ago

PREMIUM
Reducing Java's dominance in national procurement

Government data show that Java still dominates both procurement and spending, indicating a high need to initiate both central and regional programs that focus on building the capacity, competitiveness and quality of local suppliers toward more equitable, inclusive and sustainable economic growth.

VW boosts spending to speed up electric car shift

Companies 3 years ago

VW boosts spending to speed up electric car shift

Volkswagen said on Tuesday it would invest 122 billion euros (US$130 billion) in the shift towards electric vehicles over the coming years, as the battle for dominance in the EV market heats up.

Japan upgrades Q2 GDP on stronger business spending

Business 4 years ago

Japan upgrades Q2 GDP on stronger business spending

The economy grew an annualised 1.9 percent in April-June, beating economists' median forecast for a 1.6 percent gain and the initial estimate of a 1.3 percent expansion.

PGN seeks to cut 2020 capex by up to 60 percent

Business 5 years ago

PGN seeks to cut 2020 capex by up to 60 percent

Gas distributor PT Perusahaan Gas Negara (PGN) is looking to cancel most of its capital expenditure planned for this year to secure its cash flow amid weak global oil prices.

Pandemic hit to Japan's first-quarter business spending worse than first thought

Business 5 years ago

Pandemic hit to Japan's first-quarter business spending worse than first thought

Capital expenditure rose just 0.1 percent in January-March from the same period a year earlier, government data showed, much lower than the preliminary reading of 4.3 percent growth reported last month.

Bukit Asam to cut capex amid falling demand from PLN, India

Business 5 years ago

Bukit Asam to cut capex amid falling demand from PLN, India

The miner initially budgeted Rp 4 trillion (US$264.9 million) of capex for 2020, mostly to develop a giant coal-fired power plant in South Sumatra.

Metal miner Antam to set $105m capex, pay out $4.78m in dividends

Business 5 years ago

Metal miner Antam to set $105m capex, pay out $4.78m in dividends

Antam plans to set around Rp 1.5 trillion (US$105 million) in capital expenditure this year, mostly to build two smelter megaprojects.

Coal miner Bukit Asam to invest Rp 4t this year, mostly on infrastructure

Business 6 years ago

Coal miner Bukit Asam to invest Rp 4t this year, mostly on infrastructure

Almost Rp 800 million in capital expenditure will be used to develop a 1,240-megawatt coal-fired mine-mouth power plant in South Sumatra – the largest such plant in Indonesia.

Freeport to spend $600m on East Java smelter

Business 6 years ago

Freeport to spend $600m on East Java smelter

Freeport Indonesia estimates that it would require $3 billion to develop the Gresik smelter, which would have a processing capacity of 2 million tons.

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