2018, Jakarta Setiabudi Allocates Rp1.2 Trillion Capital Expenditure

By : Abraham Sihombing And Aldo Bella Putra | Wednesday, May 30 2018 - 14:00 IWST

PT Jakarta Setiabudi Tbk (JSPT) (Foto Abe)
PT Jakarta Setiabudi Tbk (JSPT) (Foto Abe)

INDUSTRY.co.id - Jakarta - The management of PT Jakarta Setiabudi Tbk (JSPT) allocates Rp1.2 trillion to finance the company's capital expenditure (capex) this year. About 30% of the fund comes from the company's equity and the rest consists of loans from banks.

"About 60-70% of the capex fund, or between Rp720-840 billion, will be used to finance the completion of the Hyatt Regency Bali Hotel renovation and the construction of the Andas Bali Hotel. Both are located in Bali. The rest is to finance projects in Mega Kuningan-South Jakarta, Medan and Hiyata, "Chandra P. Asali, Director of JSPT, said at Ancol Mercure Hotel, Thursday (24/05/2018).

Chandra said the Hyatt Regency Bali Hotel renovation project will be completed in the fourth quarter of this year and the Andas Bali Hotel development project will be completed in the fourth quarter of 2019.

"Andas Bali Hotel is a five-star boutique hotel with Balinese Village concept. Hotel has 149 rooms and the villa was developed in the area of ​​Sanur, Bali, "said Chandra.

Chandra revealed, JSPT management during January-March 2018 has realized the capex of Rp240 billion. The capex is equal to 20 percent of the company's capex target this year.

Meanwhile, shareholders in the Annual General Meeting of Shareholders of the company approved the distribution of dividends for the fiscal year 2017 totaling Rp44 billion (Rp19 per share).

"The total dividend value is 33 percent of the company's consolidated net profit of Rp131.72 billion and will be distributed by the end of June 2018," added Merry Lim, Finance Director of JSPT. (Abraham Sihombing)

News Comment

Today's Industry

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Minggu, 19 Mei 2019 - 14:58 WIB

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…

Ponemon Institute

Selasa, 16 April 2019 - 11:16 WIB

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

Hypertherm software

Selasa, 16 April 2019 - 10:57 WIB

Hypertherm Unveils New Home for Cam Software Content

Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Etihad Airways airline (Foto Ist)

Kamis, 11 April 2019 - 12:44 WIB

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 April 2019 - 12:34 WIB

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions