Latest news with #PLN
Sinar Daily
2 days ago
- Automotive
- Sinar Daily
Charging stations become promising investment in Indonesia as EV users grow
In the period of January-April 2025, the sales of battery electric vehicles (BEV) reached 23,900 units. 21 Jun 2025 08:00pm Photo for illustration purposes only. - 123RF JAKARTA - The business-related electric vehicles (EVs) charging stations are currently becoming a promising investment in Indonesia, Xinhua reported. In the period of January-April 2025, the sales of battery electric vehicles (BEV) reached 23,900 units, showing a significant 211 per cent increase compared to the same period of last year, according to data from the Association of Indonesian Automotive Industries (GAIKINDO). The Indonesian government, through its state-owned electricity company PT PLN and the relevant ministries, is now vigorously building EV charging stations across the country to meet the needs of EV users. - AFP file photo The Indonesian government, through its state-owned electricity company PT PLN and the relevant ministries, is now vigorously building EV charging stations across the country to meet the needs of EV users. As of March this year, PLN has installed a total of 3,558 charging station units across Indonesia's 2,412 strategic points, 1,000 of which are located along Trans Sumatra and Java, the country's busiest route. PLN has opened a number of opportunities for partnerships and collaborations with private entities, including office and education areas, to install charging stations. The company is also mulling charging unit installment in some poles in Jakarta. "Through collaboration, the expansion of charging station access can proceed more quickly and evenly throughout Indonesia, making it more comfortable for the public to switch to EV as part of a greener and more sustainable lifestyle. We hope such collaboration will serve as an important stepping stone in building a robust EV ecosystem in Indonesia," Retail and Commercial Director of PLN, Edi Srimulyanti, said recently. The fact is, according to Bagus Made Arthaya, a professor of mechatronics engineering from the Parahyangan Catholic University in Bandung, West Java, Indonesia still has very limited charging stations and the current number is not adequate to support people using EVs. Moreover, most of the charging station units are still not able to fully charge an EV in a short time. "You still have to think about where you can find the best charging stations. It is still not adequate to support people. We need charging stations with less waiting time," Arthaya said in a seminar in Bandung. Indonesian Minister of Investment and Downstream Rosan Roeslani acknowledged that the number of charging stations in Indonesia was still limited. Therefore, the government will revise regulations to facilitate private sector investment in charging stations, so that their numbers will increase. "If there is an EV battery (investment), there must also be a charging station (investment). Our charging stations are indeed still lacking. Therefore, we will revise one of the government regulations on how these charging stations can be operated by third parties," Roeslani said in Jakarta. An observer of automotive from Bandung Technology Institute (ITB), Yannes Martinus Pasaribu, said that with the increasing demand in EV, the business prospects of establishing Public EV Charging Stations (SPKLU) in Indonesia became a very promising investment portfolio. In addition, investing in the charging station business would speed the EV adoption in Indonesia and encourage local partners' participation. "This clearly shows that the charging station is a very potential element in accelerating EV sales absorption in Indonesia," Pasaribu said. Mahaendra Gofar, EV Expert & Automotive Professional from EVSafe Indonesia, the country's first EV safety training and certification institution, said that the scarcity of charging stations present a potential business opportunity, both for the PLN as the state electricity provider and for private business players in this field. "We believe that the number of electric car users in Indonesia will continue to increase drastically. Automotive brands that carry EV products will increase,and public perception of electric cars will gain greater acceptance. For this, the accessible charging stations are important parts of this ecosystem," Gofar said. - BERNAMA-XINHUA More Like This
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
Polish company LPP's online sales climbs by 25.1% in Q1 FY25
In the first quarter of 2025, the Gdansk-based company recorded strong double-digit sales growth in both the traditional channel by 19.9 per cent and online by 25.1 per cent respectively. The beginning of the current financial year at LPP was marked by the laying of strong foundations for the implementation of the long-term development strategy announced by the company in April. In Q1, Poland's LPP saw strong double-digit sales growthâ€'19.9 per cent in-store and 25.1 per cent onlineâ€'driven by its omni-channel strategy. The company opened 136 new stores, expanding its network to nearly 3,000 locations. LPP is expanding into Central Asia and Eastern Europe while focusing on profitability, flexible strategy execution, and optimising store formats. The plan to strengthen the physical network while leveraging the potential of e-commerce, which was launched last year, resulted in double-digit sales growth in both channels in the period from February to April. Operational efficiency and optimal use of infrastructure built with long-term business goals in mind allowed the company to return to double-digit profit growth and generate nearly PLN 1 billion (~$26.83 billion) in EBITDA in the reporting period. 'We have had an intense but successful start to the year in terms of sales. We are pleased with the positive reception of our spring collections, especially given the subdued consumer sentiment across the market. Meanwhile, the double-digit revenue growth achieved by LPP, both in the traditional and online channels, serves to prove that we not only have an excellent understanding of customer expectations, but also respond flexibly to changing market conditions. Our priority remains a broader view of the market and the intensive, yet stable and secure development of the group in the coming years,' said Marcin Bójko, vice-president of LPP for finance . The first quarter sales results and the return to double-digit growth in quarterly profits confirm that the ambitious business plans for the coming years will be implemented on a solid financial basis. The group maintains its target of doubling its omni-channel revenue and expanding its physical network by 2027, while maintaining profitability at the declared level. Consistently pursuing this goal, in the first quarter of this year, the company opened 136 new stores, including 112 Sinsay stores. As a result, the group's physical network now comprises nearly 3,000 locations, and the total sales area increased by 22 per cent year-over-year, exceeding 2.5 million square metres. The effectiveness of LPP's network development and the maintenance of strong budgetary discipline are reflected in SG&A costs, which grew more slowly than revenue in the first quarter. LPP is also continuing its expansion into new markets. Following successful debuts in Albania and Kosovo in the first quarter of this year, the company plans to open 20 more Sinsay stores in both countries. Following Central and Southern Europe, the company's next expansion direction will be Central Asia, including a return to the development of its sales network in Kazakhstan, where 60 new Sinsay stores will open by the end of the year. The brand will also debut in Uzbekistan, Azerbaijan, and Georgia, and in the first quarter of 2026 it will enter a new European market, Moldova, the company said in a press release. 'We are closing the first quarter of this year with the conviction that the development strategy based on the unique and scalable Sinsay concept remains unchanged in the long term. However, the key to achieving our goals is not the number of stores opened in the coming quarters, but what has been our advantage in recent years, namely the flexible adaptation of our assumptions to the realities we encounter at every stage of our business plans. Acting in this vein, we already know that our overriding goal will be to maintain profitability and eliminate factors that could dilute it. Hence, our current goal is to optimise the product mix in selected smaller stores and focus on the formats and locations that offer the highest quality in the long term,' explained Bójko. Fibre2Fashion News Desk (RR)
Fibre2Fashion
7 days ago
- Business
- Fibre2Fashion
Poland's exports in Jan-Apr 2025 down 2.4% YoY, imports up 3.3% YoY
Poland's export turnover at current prices in January-April this year was worth PLN 501.1 billion (~$135.55 billion)—2.4-per cent drop year on year (YoY), while the import turnover was PLN 512.8 billion—a YoY rise of 3.3 per cent. The total trade deficit reached PLN 11.6 billion during the period. Exports expressed in US dollars amounted to $125.7 billion during the four-month period, while imports amounted to $128.6 billion. The negative balance reached $2.9 billion, while in the same period last year, it was positive and amounted to $4.3 billion. Poland's export turnover at current prices in January-April 2025 was worth PLN 501.1 billion (~$135.55 billion)â€'2.4-per cent drop YoY, while the import turnover was PLN 512.8 billionâ€'a YoY rise of 3.3 per cent. The shares of developed nations in total exports and total imports were 87.1 per cent and 64.4 per cent respectively. A trade deficit of $33.1 billion was noted with developing countries. The share of developed countries in total exports amounted to 87.1 per cent, of which the European Union's (EU) share was 74.4 per cent. In imports during the period, the share of developed countries was 64.4 per cent, of which the EU had a share of 52.7 per cent. However, the smallest share was observed with the countries of Central and Eastern Europe, share of exports to where was 4.7 per cent of the total exports, and the share of imports from these zones during the period was 1.8 per cent of the total imports. The trade surplus with developed countries during the period was PLN 106.3 billion (~$26.6 billion), of which PLN 102.9 billion (~$25.8 billion) was the surplus with the EU countries and PLN 14.3 billion (~$3.6 billion) was the surplus with Central and Eastern Europe. A trade deficit of PLN 132.2 billion (~$33.1 billion) was noted with developing countries during the period, an official release from Statistics Poland said. Poland's exports to the United States, Slovakia, Ukraine and Spain rose by 6 per cent, 4.2 per cent, 4 per cent and 0.6 per cent YoY during the period. Imports from South Korea, China, the United States and the Netherlands increased by 26.4 per cent, 15 per cent, 12.2 per cent and 2.2 per cent YoY during the period. The trade deficit with the United States during January-April 2025 was PLN 8.7 billion (~$2.2 billion). Exports to that country accounted for 3.5 per cent of the total exports, while imports from there amounted to 5.1 per cent of the total imports. Fibre2Fashion News Desk (DS)
Yahoo
7 days ago
- Business
- Yahoo
What Southeast Asia's largest companies say about a region in flux
This year's Southeast Asia 500, Fortune's second annual ranking of the area's largest companies by revenue, is a snapshot of a region ready to take advantage of global supply chain shifts and booming industries like mining, EVs, and AI—even as U.S. tariff policy threatens to roll back some of last year's gains. Companies on this year's 500 list generated $1.82 trillion in revenue last year, up 1.7% from the year before. That lags the 4.1% GDP growth reported across the seven economies covered in this ranking: Cambodia, Malaysia, the Philippines, Indonesia, Thailand, Singapore, and Vietnam. Indonesia, the region's largest country and economy, has the largest presence on the Southeast Asia 500, with 109 companies; Thailand comes in second with 100. Measure by revenue, however, and the tiny city-state of Singapore takes the lead. Singapore-based companies generated $637.1 billion in revenue last year, just over a third of the region's total. The top five companies on this year's list were big enough in revenue terms to make last year's Fortune Global 500. They each trade in commodities, whether metals (Trafigura), oil (PTT and Pertamina), or agricultural products (Wilmar and Olam). No. 6 in revenue this year is Perusahaan Listrik Negara (PLN), Indonesia's state-owned power company. Its ranking underscores another quality of this list: Energy—whether resource extraction, power generation, or electrical transmission—is the dominant sector on the Southeast Asia 500, generating almost a third of its total revenue. Thai energy company Bangchak breaks into this year's top 20 with a 47% jump in revenue. The three most profitable companies on the Southeast Asia 500 are Singapore's 'Big Three' banks: DBS, OCBC, and UOB. DBS, the youngest of the three, takes the lead with $8.5 billion in profits. Despite predictions of a booming digital economy, tech has a small footprint on the Southeast Asia 500. Just one tech company, the e-commerce and gaming firm Sea, sits in the top 20. The next internet company, ride-hailing platform Grab, ranks much further down the list at No. 128—although it did climb more than 20 spots in 2024. But Southeast Asia can't escape the latest tech trends. The biggest revenue jump on the list belongs to Malaysian contract manufacturer NationGate Holdings, No. 243, whose sales jumped by a whopping 723% over the past year, surpassing $1 billion. NationGate's story is an AI story: As Malaysia and the region try to ride the technology with data centers and new AI startups, companies like NationGate—Nvidia's sole contract manufacturer in the region, assembling AI servers—stand to benefit. This articles appears in the June/July 2025: Asia issue of Fortune with the headline 'The biggest companies in a region in flux.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
16-06-2025
- Business
- Malaysian Reserve
ASEAN power grid gains momentum amid infrastructure, policy gaps
by NURUL NAJMIN ABU BAKAR THE ASEAN Power Grid is moving forward as governments and energy companies push for stronger regional collaboration in renewable energy. However, experts warn that outdated infrastructure and regulatory gaps could slow progress. Masdar Clean Energy's head of business development (APAC) Fatima Al Suwaidi said Southeast Asia holds strong potential, but limited grid capacity could affect project viability. 'Renewables are growing rapidly, but without proper grid support, projects could become stranded. Our concern as developers is whether we can actually deliver the power we generate,' she said at Energy Asia 2025 on Monday. Masdar Clean Energy, based in Abu Dhabi, has over 51GW of clean energy projects globally and aims to reach 100GW by 2030. Southeast Asia is one of its focus regions, but Fatima said success depends on several enablers. 'Clear policies, reliable offtake agreements and strong local partnerships are critical for long-term viability,' she said. In Indonesia, the government plans to build 48,000km of transmission lines over the next 10 years, led by state utility Perusahaan Listrik Negara (PLN). The RM40 billion investment aims to improve national electrification and support green energy exports. A memorandum of understanding has already been signed with Singapore. Meanwhile, Pertamina New & Renewable Energy CEO John Anis said ASEAN must prioritise regional cooperation and boost government support to reduce risk in renewables, particularly in geothermal exploration. 'Each ASEAN country has its own strengths. Connecting these resources builds a more resilient power system for the region,' he said. The ASEAN Centre for Energy (ACE) said the power grid has become a key part of national climate strategies, with 18 cross-border interconnections identified as priorities. Nadhilah Shani, manager of power and interconnection department at ASEAN centre said Malaysia's National Energy Transition Roadmap includes the ASEAN Power Grid as a key pillar, while Thailand and Indonesia have also outlined cross-border energy trade initiatives. Fatima said project timelines remain a concern in the region. 'There is interest and capital, but slow licensing, outdated rules and limited digital systems are holding things back,' she said, noting that projects in Southeast Asia often take up to five years, compared to under a year in the Middle East. While regulatory frameworks for renewable generation are largely in place, panellists said transmission infrastructure still lacks the necessary support to attract private investment. Renewable energy certificates were proposed as a tool to encourage grid-related financing. The goal is a fully integrated and digitally managed ASEAN grid that delivers clean electricity from low-cost sources to high-demand areas, by 2035. Meanwhile, Anis noted that energy is the foundation of growth. 'With cross-border collaboration, we can speed up the transition and ensure long-term prosperity for the region,' he said.
