•ASII will continue to focus its investment in health sector
Astra International (ASII) will continue to focus on investing in the health services sector this
year. The company entered this sector in 2021 by investing in the Halodoc health services
platform, followed by an investment in Hermina Hospital in 2022. After completing the
acquisition of Heartology Cardiovascular Hospital for IDR 643B, Astra’s total investment in
health services has reached USD 275M, which is approximately IDR 4.2T. In addition to health
services, the renewable energy sector is another area of interest for ASII, particularly through
its subsidiary, United Tractors (UNTR). In recent years, UNTR has made investments in
renewable energy sources such as geothermal, solar photovoltaic, and nature-based
solutions. ASII plans to continue investing in this sector alongside health services in the
future. (Bisnis Indonesia)
• BRMS confirms mining activities in Palu not affected by demonstrations
Management of Bumi Resources Minerals (BRMS) has confirmed that mining activities and
the operation of gold ore processing facilities by its subsidiary, Citra Palu Minerals (CPM), in
Palu are ongoing. Previously, CPM faced opposition from the Kaili Youth Front group, who
demonstrated on February 10 at CPM’s operations office. This community group is concerned
that BRMS’s mining activities could harm the environment and local rivers, lead to land
subsidence, and increase the risk of earthquakes. BRMS management clarified that all
mining and processing activities conducted by CPM have received the necessary approvals
from relevant government agencies. This includes work contract permits, production
operation permissions, feasibility studies, environmental approvals (AMDAL), permits for the
use of explosives, and other necessary licenses for both open-pit and underground mining
operations. Currently, CPM is using the open-pit mining method in Block 1, Poboya, in Palu,
Sulawesi. Additionally, CPM has begun constructing an underground mine by creating box
cuts and portals, which will be used to develop tunnels leading to ore deposits. (Bisnis
Indonesia)
• ERAA forms JV to bring boba tea brand Chagee in Indonesia
Erajaya Swasembada collaborates with a company from Singapore to form a joint venture
that will run a food and beverage business under the Chagee brand in Indonesia. ERAA
established a joint venture through its subsidiary Era Boga Nusantara with Tea Explorer. The
joint venture was named Chagee Era Indonesia and would run a food and beverage business
under the Chagee brand in Indonesia. In detail, Era Boga Nusantara (EBN) is a controlled
company whose shares are 99.99% directly owned by ERAA. In this transaction, EBN used its
internal cash of IDR 120B or 40% ownership in Chagee Era Indonesia. Meanwhile, Tea Explorer
holds ownership of 60% of the issued and paid-up capital in the joint venture or equivalent
to IDR 180B. (Bisnis Indonesia)
• PTRO achieved IDR 64.3T contract value in 2024
Petrosea (PTRO) has achieved a total contract backlog acquisition value of IDR 64.3T in 2024,
marking the highest backlog value in over five decades of the company’s operations in the
mining and construction sectors. Recently, PTRO signed an Onshore Early Works EPC
agreement for the Ubadari, Tangguh EGR/CCUS, and Tangguh Onshore Compression (UCC)
projects, with a contract value of IDR 4.6T and a duration of 24 months. Additionally, Petrosea
entered into a procurement and construction agreement with Vale Indonesia (INCO) for the construction of the Pomalaa Block mine, valued at IDR 2.8T, also with a 24-month term.
Furthermore, Petrosea has secured a new mining services contract in the nickel block
concession areas of Bahodopi Block 2 and Bahodopi Block 3 in Central Sulawesi, related to
Vale Indonesia Tbk (INCO). This contract is valued at USD 1B, approximately IDR 16T, and has
a term of 10 years. PTRO and INCO are currently finalizing this contract, with plans to officially
sign it in Mar 25. On another note, PTRO is working to amend several mining contracts set to
expire between 2025 and 2028. These contracts include agreements associated with Caraka
Reksa Optima, the former controlling company of PTRO before it was acquired by Petrindo
Jaya Kreasi (CUAN). Some of the notable expiring contracts include those with Kideco Jaya
Agung (2028), Kartika Sela Bumi (2027), Central Cipta Murdaya (2025), Indo Bara Pratama
(2027), Kedap Sayaaq (2028), and Sumberdaya Arindo (2026). Additionally, PTRO has recently
signed two new contracts with Global Bara Mandiri and Pasir Bara Prima. (Bisnis Indonesia)
