Aldira Sunrise 14 Januari 2025

• Automotive: The government intends to change the electric motorbike
subsidy program into a PPN DTP incentive
The government has sent a signal that there will be a change in the subsidy policy for electric
motorbike purchases in Indonesia in 2025. Deputy Minister of Industry, Faisol Reza, said that
the electric motorbike subsidy program would be replaced with incentives in the form of
Government Borne Value Added Tax (PPN DTP). The government is still discussing the policy
mechanism and has not explained when this incentive will be implemented. In 2024, the
Ministry of Industry rolled out a subsidy assistance program for the purchase of new electric
motorbikes worth IDR 7M per unit. This program is selling well, considering the conditions
are quite easy. Namely, people just need to include their NIK KTP to purchase one electric
motorbike. As a result, the initial quota set by the government of 50,000 units could run out
in mid-2024. The government also increased the quota for subsidized electric motorbikes by
around 10,000 units on Aug 24 and they were quickly absorbed by the public. General Chair
of the Indonesian Electric Motorcycle Industry Association (Aismoli), Budi Setiyadi, admitted
that his party needs confirmation on whether the electric motorbike subsidy program will
continue, including the mechanism. This is because many consumers are delaying
purchasing electric motorbikes as long as there is no clarity regarding the fate of subsidies
or product incentives. (Kontan)
• PTPP allocates 26 ha of land to support 1M houses program
Pembangunan Perumahan (PTPP) allocated 26 ha of land to support the cooperation
program to build 1M houses between Indonesia and Qatar. Through this support, PTPP is
committed to playing an active role in carrying out construction for the construction of 1M
houses. The land that was ready to be used is located in the Jakarta–Bogor–Depok–
Tangerang–Bekasi (Jabodetabek), West Java (Jabar), Yogyakarta and Pekanbaru areas.
(Kompas)
• TOTL targets IDR 5T new contracts in 2025
Total Bangun Persada (TOTL) targets to achieve a new contract value of around IDR 5T in
The target is an increase of around 11% compared to the 2024 target. TOTL achieved a
new contract value of around IDR 5.08T in 2024, reaching around 113% of the target set last
year of IDR 4.5T. Apart from that, the realization of TOTL’s capex in 9M24 is around IDR 4.93B
with a total capex budget of around IDR 10B in 2024, which is allocated for project equipment
and software and IT equipment. Currently, TOTL is involved in the construction of office
building projects, data centers, hotels, industries, schools, and others. The company is also
participating in several tenders for projects with a pipeline value of around IDR 7.87T.
(Kontan)