BP BUMN and Danantara plan 12 smart-city developments in Indonesia
A proposal for Padalarang includes around 200,000 to 250,000 homes, with affordable housing and public facilities among the programme’s priorities.
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A proposal for Padalarang includes around 200,000 to 250,000 homes, with affordable housing and public facilities among the programme’s priorities.
Industry association Asaki says the planned capacity increase could create 7,000-8,000 jobs, but producers are reassessing investment plans.
Finance Minister II Amir Hamzah Azizan said domestic and foreign direct investment had reached record levels as Malaysia pursues reforms and stronger industrial supply chains.
The strategic alliance marks 35 years of collaboration and includes plans to explore upstream, downstream, gas and LNG opportunities.
The bank has scheduled an extraordinary general meeting for 6 November 2026 to consider a capital increase through new shares.
The tender is expected to close on November 6, although interested contractors have asked for additional preparation time.
The proposed deal would combine Malaysian insurance businesses, with RHB Bank retaining a stake of up to 35 per cent.
Subsidiaries of the two groups will form a joint venture covering telecommunications towers, broadband networks and connectivity within buildings.
Economy Minister Akmal Nasrullah Nasir said the designs still need customers, industry qualification and commercial scaling.
The transaction covers five operating facilities and remains subject to customary closing conditions.