Pelindo II Launches Pelabuhan Indonesia Investama

By : Abraham Sihombing And Aldi Firhand. A | Monday, December 11 2017 - 17:44 IWST

President Director of Pelindo II Elvyn G Masassya
President Director of Pelindo II Elvyn G Masassya - Jakarta - PT Pelabuhan Indonesia (Pelindo) II launches a new subsidiary engaged in investment, named PT Pelabuhan Indonesia Investama (PII). It is a subsidiary of the 17th company, which was inaugurated by Elvyn G. Masassya, President Director of Pelindo II together with all Directors of Pelindo II.

In addition, the inauguration of the establishment of the PII was also attended by representatives of associations, service providers and financial and banking institutions, SOEs and service users of Pelindo II.

The establishment of PII is expected to become a vehicle to cooperate with strategic investors in the framework of business expansion and short-term investment in the secondary market, said Elvyn G. Masassya, President Director of Pelindo II at the Indonesia Stock Exchange Building (BEI) on Monday (11/12 / 2017).

PII has a vision to become a leading investment company in the port sector and its supporters which aims to create maximum value for stakeholders through world-class management standards.

Up to 2022, total assets of PII is targeted to reach Rp11 trillion and in the next five years, the total assets are expected to reach Rp20 trillion, "said Elvyn.

The presence of PII which is the first investment company in Indonesia to focus its attention on port business is expected to answer the need.

In addition to managing the funding of existing subsidiaries, PII is also expected to support business development, capacity building, strengthening, risk management and investment.

The composition of capital ownership in PII is 99% owned by PT Pelindo II and 1% is owned by PT Multi Terminal Indonesia which is also one of Pelindo's business activities. PII will be chaired by Randy Pangalila who serves as President Director and Iman Rachman who serves as President Commissioner.

In addition, Pelindo II will also list the shares of its subsidiary, PT Jasa Armada Nusantara (JAI), at the Indonesia Stock Exchange (IDX) through the Initial Public Offering (PUPS) mechanism.

In the PUPS, JAI's management offers about 30% of its shares to the public. In 2018 and 2019 there are two subsidiaries of Pelindo II that will list their shares in IDX. (Abraham Sihombing)

News Comment

Today's Industry

Minister of Finance Sri Mulyani Indrawati (Photo by PR of Cabinet Secretariat)

Senin, 21 Juni 2021 - 22:37 WIB

Finance Minister Pushes for Speeding Up Regional Fund Usage

Realization of funds transferred to the regions for COVID-19 management needs to be accelerated, Minister of Finance Sri Mulyani Indrawati has said.

vaccine arrives at Soekarno Hatta International Airport in Tangerang, Banten

Senin, 21 Juni 2021 - 21:40 WIB

10 Million Sinovac COVID-19 Vaccine Bulks Arrive in Indonesia

As many as 10 million Sinovac-manufactured COVID-19 vaccines in the form of raw material or bulk Sunday (20/06) arrived at Soekarno-Hatta airport in Tangerang city, Banten province.

President Jokowi inspects mass COVIID-19 vaccination at Bogor Railway Station, Thursday, (17/06). Photo by: BPMI of Presidential Secretariat.

Senin, 21 Juni 2021 - 20:30 WIB

Minister Orders KAI to Provide COVID-19 Random Tests at Commuter Line Stations

Minister of Transportation Budi Karya Sumadi has ordered state railway company PT KAI to provide COVID-19 random tests for passengers of Greater Jakarta commuter line (KRL Jabodetabek).

Vice President Ma’ruf Amin. (Photo by: Vice President’s Secretariat)

Senin, 21 Juni 2021 - 19:23 WIB

VP Ma’ruf Amin: 40% of Gov’t Goods, Services to be Procured from Local MSMEs

The Government continues to promote the use of domestic products through allocation of Micro, Small, and Medium-sized Enterprises (MSMEs) products of at least 40 percent for the Government’s…

Vice President Ma’ruf Amin during Closing of National Conference on Public Security and Defense System, at Sentul, West Java province, Friday (18/6). (Photo: Vice President Secretariat)

Minggu, 20 Juni 2021 - 19:24 WIB

VP Calls for Increased Role of Security, Defense System Amid Global Challenges

The role of security and defense system should be strengthened to protect the entire nation, state and all citizens in facing the increasing global challenges, Vice President Ma’ruf Amin has…