February 27, 2023
KONTAN.CO.ID - JAKARTA. PT Indonesia Vehicle Terminal Tbk (IPCC) sees expansion opportunities in the Southeast Asia region. IPCC is exploring cooperation with a number of parties for the management of the vehicle terminal and a number of services in its ecosystem in the BIMP-EAGA area.
BIMP-EAGA itself is the Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area. Is one of the sub-regional economic cooperation formed in 1994 with the main objective of increasing economic cooperation and integration among its member regions.
The business entity PT Pelabuhan Indonesia (Persero) or Pelindo Group sees the potential for developing cooperation in the BIMP-EAGA area. This is also in line with the IPCC expansion development route for the management of vehicle terminals in the Eastern Indonesia region, which is geographically close to the BIMP-EAGA area.
Main Director of Indonesia Terminal Vehicles, Rio T.N Lasse, said that these countries are also the destinations for vehicle exports from Indonesia, especially from the IPCC terminal. The BIMP area is a potential market for collaborative development of RoRo services.
"We see that the BIMP-EAGA collaboration can have a positive impact on the vehicle terminal business and also its ecosystem in the future. The BIMP area is a market with great potential for collaborative RoRo service development," said Rio in an official statement, Monday (27/2).
Moreover, when the new State Capital in East Kalimantan is realized soon, the RoRo route to the BIMP area can be more effective and efficient. Rio said the exploration of cooperation with a number of parties in the BIMP area was in line with the implementation of the IPCC's three priority programs, namely digitalization, expansion and integration.
For information, the BIMP-EAGA Maritime 2023 exhibition and conference has been held in Jakarta, 22-23 February 2023. Pelindo acts as host supported by the BIMP-EAGA Business Council (BEBC), Kadin Indonesia, and The Chartered Institute of Logistics and Transport.
The event was attended by various parties, including business actors engaged in the maritime and logistics industry from various countries. IPCC is participating in the BIMP-EAGA Maritime 2023 exhibition to support the Pelindo Group road map, namely expansion, partnership and connectivity.
In terms of share movements, IPCC closed up 1.55% to a price position of Rp 655 per share on Monday trading (27/2). The movement of IPCC shares has recorded a gain of 14.91% since the beginning of 2023.
