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16 Years of PT SMI, Driving Growth Through Impactful Development

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JAKARTA, Indonesia, Feb. 26, 2025 /PRNewswire/ — PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”) continues to maintain its existence to provide impacts through support for equitable development throughout Indonesia. PT SMI was born out of the urgency to accelerate infrastructure development, which is sometimes hindered by financing issues. Now, at its 16th anniversary, PT SMI is ready to take on a bigger role to provide a more optimal impact in accelerating development.

In his speech at the 16th anniversary celebration of PT SMI with employees, the President Director of PT SMI, Reynaldi Hermansjah, mentioned that there is a spirit of perseverance that the Company is promoting this year. “On our 16th anniversary on February 26, 2025, PT SMI carries the theme ‘Delivering Development through Resilience’. These words are not just a slogan, but a philosophy that will accompany the Company’s business and operational activities. This philosophy focuses on how PT SMI will deploy all its capabilities, continuously innovate to deliver equitable development. However, in this context, “resilience” encompasses the ability to face and rise from difficulties, failures, pressures, and the ability to adapt to existing challenges,” said Reynaldi.

“Resilience” itself is one of the 6 corporate values of PT SMI, which has indeed been integrated into the very essence of all PT SMI employees, commonly known as SMIers. Other corporate values of the company include “Integrity”, “Service Excellence”, “Partnership”, “Trust” and also “Innovation”. SMIers are expected to embody the spirit of resilience to contribute to long-term national development in order to build a solid foundation for inclusive and sustainable growth.

Since its establishment on February 26, 2009, PT SMI has played a central role as a Special Mission Vehicle (SMV) under the Ministry of Finance. PT SMI is able to provide alternative solutions for infrastructure development financing through innovative loan products. PT SMI has become a catalyst for infrastructure development in Indonesia while also addressing the Market Mismatch in Financing and Project Readiness in the infrastructure sector.

PT SMI has grown very rapidly since its first financing in the irrigation sector amounting to IDR 248 billion. The Company has recorded active financing commitments until December 2024 amounting to Rp 148.9 trillion and an outstanding amount of Rp 96.3 trillion. The total project value from PT SMI’s financing reached Rp 1,153 trillion. From the total project financing, PT SMI has generated a multiplier effect of 7.75 times against the total commitment, and 37.79 times against the paid-up capital.

The three largest sectors financed by PT SMI are the road and toll road sector, the electricity sector, and the transportation sector. PT SMI’s financing in the road sector has resulted in 4,511 kilometers of toll roads. Meanwhile, in the electricity sector, PT SMI helped increase electricity production by 7.7 Gigawatts, lighting up 5.9 million households. In the transportation sector, the output and outcome of PT SMI’s financing are more diverse depending on the mode being financed. For example, PT SMI helped finance the construction of 646 train carriages and 242.1 kilometers of railway. This increased the number of passengers by 109.6 million people per year.

“In its support for domestic projects, PT SMI has recorded several achievements in financing various sectors, including the connectivity sector and the renewable energy sector. The top 3 sectors financed by PT SMI, have generated impact on economic output amounting to Rp 1,696.5 trillion,” explained Reynaldi.

Since 2016, PT SMI has also become a strategic partner of the Regional Government through regional loan facilities. As of December 2024, PT SMI has disbursed regional loans amounting to IDR 36.66 trillion in the form of commitments, and IDR 21.19 trillion outstanding. Some examples of projects that received regional loan support from PT SMI include road construction in Tabalong Regency, the Konaweha Bridge in Kolaka Regency, the Bersehati Market in Manado City, the Regional Public Hospital (RSUD) in Solok Regency, the NTB Provincial RSUD, the Teratai Tower in Banyumas Regency, and the RSUD in Bangli Regency.

During the COVID-19 pandemic in 2020 and 2021, PT SMI also assisted the Government in performing a countercyclical role by distributing National Economic Recovery (PEN) loans to Regional Governments and State-Owned Enterprises (BUMN). The PEN loans disbursed provided a positive contribution by mitigating economic contraction, encouraging national economic growth, increasing household income, and creating jobs.

To further accelerate public financing, PT SMI is now in the early stages of transforming into Development Finance Institution (DFI). “We recognize the importance of regional loans to drive development, as well as the increasing need for public services. As a DFI, PT SMI will not only focus on financing large-scale infrastructure projects but also strengthen support for local governments to align economic growth and inclusive development. PT SMI will function like a “Mini World Bank” that more actively provides access to financing, but not at the national level, rather to local governments, with the aim of generating a greater impact on the economy and society in the regions,” said Reynaldi.

One of the pillars in realizing transformation process as a DFI is by establishing SMI Institute (SMII) in 2023. The presence of SMII is utilized to conduct studies in the regions related to the sectors needed, regional clustering studies based on socio-economic conditions and the fiscal capacity of the regions, as well as the socio-economic impact of the programs that will be funded by PT SMI. In the end, PT SMI’s public financing programs will become more targeted and focused on the sectors that were indeed needed by the local governments in Indonesia.

PT SMI also plays a strategic role in supporting the achievement of Sustainable Development Goals (SDGs) and achieving net zero carbon. By focusing on research-based soft loans and aligning activities with the principles of People, Planet, Profit, and Prosperity, PT SMI aims to maximize its impact on sustainable development.

The momentum of Indonesia’s G20 Presidency in 2022 also serves as an opportunity for PT SMI to demonstrate its capability in supporting the government to address global challenges, particularly the impact of climate change. The Indonesian government, through the Ministry of Finance, has appointed PT SMI as the Country Platform Manager to oversee the transition from fossil energy to environmentally friendly energy.

The Indonesia ETM Country Platform will mobilize funding support from international partners, including multilateral, bilateral, philanthropic, and private sector entities, to facilitate the government in preparing energy transition investment plans and climate investment funding to accelerate the operational period of fossil fuel energy sources, specifically coal-fired power plants (PLTU). Until now, PT SMI has received support from 18 partners, which consist of grant partners, financing partners, knowledge & technical partners, and investment partners.

Since 2018, PT SMI has stopped financing fossil fuel power plant projects and shifted its focus to renewable energy power plants such as hydro, mini-hydro, solar, geothermal, biomass, and wind power plants. As of December 2024, PT SMI has financed 94 climate-related projects with a cumulative commitment of IDR 33.45 trillion and project value of IDR 174.8 trillion. 49 projects have been calculated and resulted in a potential avoided Greenhouse Gas of 6.8 million tons of CO2e and a potential Carbon Credit Equivalent of 25 million USD.

PT SMI also manages the SDG Indonesia One (SIO) platform, which is a platform that supports the achievement of the Sustainable Development Goals (SDGs). This platform combines public and private funds through blended finance to be allocated for infrastructure projects related to the SDGs. This blended finance scheme has successfully supported several strategic projects, including the Jawa-1 Gas-Fired Power Plant (PLTGU) project and support for the Tembesi Solar Power Plant (PLTS), which is the second-largest floating solar power plant in Indonesia with a capacity of 46 MWp.

Happy 16th Anniversary PT SMI. May we continue to ignite the spirit of building the nation.

About PT Sarana Multi Infrastruktur (Persero) (“PT SMI”)

PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance of the Republic of Indonesia, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has 3 business pillars, namely Commercial Financing, Public Financing, and Project Development and Advisory Services.

PT SMI has various functions and unique products / features to support the acceleration of infrastructure development, which not only serves as infrastructure financing but also as an enabler through the implementation of the Government and Business Entity Cooperation (KPBU) scheme, involving various financial institutions both private and multilateral. PT SMI actively supports the implementation of Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in the regions through regional loan products.

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SOURCE PT Sarana Multi Infrastruktur (Persero)

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Manufacturing Category at 139th Canton Fair Presents Smarter, Lighter and More Connected Solutions

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GUANGZHOU, China, April 24, 2026 /PRNewswire/ — At the 139th Canton Fair, Manufacturing category presented a clear view of how industrial equipment is evolving to address efficiency, labor shortages, and sustainability goals. Across power equipment, machinery, automation systems, and industrial robots, exhibitors pointed to a common direction: smarter operation, stronger engineering performance, and deeper integration with digital manufacturing systems.

Industrial equipment is advancing towards intelligence with products emphasizing built-in sensing and automatic adjustment to enhance reliability and efficiency. Silent inverter generators, for example, can detect operating conditions and ambient temperature to regulate cooling for better fuel use and stability. Pumps and cleaning equipment with variable-frequency drives and integrated protection systems follow the same approach, prioritizing smooth operation, longer service life, and consistent output.

Lightweight, high-performance design has also become a priority across categories. Advances in materials and structural engineering are enabling major weight reductions without compromising power or durability. Aluminum-extrusion housings in three-phase asynchronous motors cut weight by up to 40% while improving heat dissipation and installation efficiency. Lightweight permanent-magnet submersible pumps delivered stronger flow stability despite smaller size and reduced weight.

AI-based visual inspection and quality control are also becoming essential. AI-powered optical inspection stations demonstrated full-process, high-speed inspection without relying on manual sampling. By turning experience-based judgment into standardized, repeatable rules, these systems help manufacturers improve scalability and consistency.

Industrial robots are taking on more active roles as well. Security patrol robot dogs and inspection robots are moving beyond monitoring to direct intervention, such as carrying fire-suppression modules for emergency response. This shift marks a broader move from passive observation to active execution in high-risk or labor-intensive environments.

Finally, more industrial devices are being designed as system nodes rather than standalone machines. Intelligent industrial gateways that combine data collection, protocol conversion, edge computing, and secure transmission show how equipment value increasingly depends on its ability to connect with enterprise-level digital systems.

The 139th Canton Fair vividly showcased the accelerated shift of industrial equipment toward intelligent and system-level development.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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Zhejiang unicorn ranks grow to 58 as Hangzhou tightens lead, top ranking shows

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Province adds three unicorns, expands high-growth pipeline
Hangzhou accounts for 83% as new entrants and startups scale up

HANGZHOU, China, April 24, 2026 /PRNewswire/ — Zhejiang’s roster of unicorn companies has expanded to 58 as of April 2026, highlighting the province’s growing role as a hub for emerging technologies and industrial upgrading.

The latest rankings, released at the 10th All Blossom Conference in Hangzhou on April 23, show companies spread across seven cities, including Hangzhou, Ningbo, Jiaxing, Jinhua, Shaoxing, Taizhou and Wenzhou.

While Hangzhou, Ningbo and Jiaxing remain the top three hubs, the broader distribution points to a more geographically balanced innovation landscape. The province’s unicorn count rose by three from a year earlier.

Hangzhou continues to dominate the landscape, home to 48 of Zhejiang’s unicorns, up from 44 last year—when it already accounted for roughly four out of every five such startups.

The annual rankings also include tiered lists of “future unicorns,” valued between $100 million and $1 billion, and early-stage “seed unicorns” worth $10 million to $100 million.

Together, they map a full pipeline of high-growth companies across sectors such as artificial intelligence, embodied intelligence, life sciences, new energy, semiconductors, advanced manufacturing and aerospace, and have become a key barometer of Zhejiang’s startup ecosystem.

Among the top 100 future unicorns, integrated circuits lead with 22 companies, followed by artificial intelligence and life sciences with 19 each. Advanced manufacturing accounts for 16 firms, new energy and materials 15, and next-generation information technology nine.

In the seed unicorn category, new energy and life sciences each count 22 companies, ahead of advanced manufacturing with 19, while AI, next-generation IT and semiconductors each have 11 firms, and aerospace-related companies total four.

Against that provincial backdrop, Hangzhou remains the clear center of gravity—continuing to generate both the largest share of unicorns and the deepest pipeline of emerging startups.

The city added eight companies to its unicorn ranks on April 23, bringing the total to 48, according to the same conference ranking.

The new entrants—Hailiang Technology Services, Geener Microelectronics, Spirit AI, Geespace, Sunrise, Seepin, DEEP Robotics and Simplexity Robotics—span sectors from semiconductors and robotics to commercial aerospace.

As of April, Hangzhou accounted for 83% of Zhejiang’s unicorns, up from 80% a year earlier, underscoring its outsized role in the province’s innovation economy.

The conference also released a list of 413 quasi-unicorns—companies typically valued between $100 million and $1 billion—including 50 new additions.

Several firms, such as Diagens Biotechnology, Manycore Tech, Mirxes, Promisemed, Saint Bella, Tide Pharmaceutical, Tongshifu and ISV, exited the list after scaling into unicorn status or completing initial public offerings.

Quasi-unicorns are concentrated in sectors aligned with Hangzhou’s broader “296X” industrial strategy. Life sciences lead with 118 firms, followed by next-generation information technology with 78 and AI and embodied intelligence with 50—together accounting for about 60% of the total.

The “296X” is an industrial cluster blueprint the city introduced in October 2025 in an effort to speed up the integration of technological and industrial innovation.

More than half of both unicorns and quasi-unicorns—255 companies—are classified as nationally recognized “specialized and refined” enterprises, including 20 unicorns and 235 quasi-unicorns, reflecting a structured pipeline of high-growth firms.

Since 2018, Hangzhou’s unicorn count has risen from 26 to 48, while quasi-unicorns have expanded from 105 to 413, underscoring sustained growth in its innovation-driven economy.

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SOURCE All Blossom Conference

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KUN Unveils AI Intelligent Strategy at Money20/20 Asia: Reconstructing Global Commercial Efficiency with “1-1-4-6” Layout

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BANGKOK, April 24, 2026 /PRNewswire/ — At the prestigious Money20/20 Asia held at QSNCC, KUN showcased its upgraded brand identity and launched the “1-1-4-6” Intelligent Strategic Blueprint. This milestone marks KUN’s comprehensive transition toward a globalized, full-stack, and intelligent ecosystem.

Dr. Louis Liu, Founder & Group CEO of KUN, stated at the launch: “While the convergence of Web2 and Web3 defines the current era, we believe the embedded ecosystem synergy of AI and Web3 is the inevitable future of commerce. Our evolution is an intelligent reconstruction of commercial efficiency. By leveraging decades of vertical payment expertise, we provide enterprise clients with full-stack, end-to-end payment and financial solutions. Through digital orchestration and operations, we deliver secure, compliant, and high-velocity transaction safeguards to empower global business growth.”

Money20/20 Roundtable: Compliance as the “Scaling Layer” for Institutional Adoption

At the “Bridging TradFi and DeFi” roundtable, Dr. Liu shared three key insights on the future of cross-border finance:

Asia as the Hub for Real-World Stablecoin Settlement: Asia has emerged as a critical hub for cross-border trade flows and stablecoin settlement, connecting high-growth emerging markets. Currently, 60% of the world’s on-chain stablecoin trade volume is centered in Asia, making it a primary corridor for capital flows between Asia, LATAM, Africa, and the Middle East.

Compliance as the “Scaling Layer”: The bottleneck for scaling digital payments is not technology or licensing, but the ability to embed jurisdictional compliance frameworks into business logic. Integrating AML and risk controls directly into the payment flow is the prerequisite for the explosion of global institutional applications.

Accelerating AI and Web3 Ecosystem Convergence: As AI agents increasingly enter commercial decision-making, payments are shifting from human-controlled to autonomous. Blockchain and stablecoins will serve as the default infrastructure for Agent-to-Agent (A2A) transactions.

Exhibition Interaction: From Platform Governance to Vertical Efficiency

At the main exhibition area, KUN demonstrated its dual-brand synergy through a new visual identity:

KUN: Positioned as the Trusted Vertical Digital Payments Platform for Real Economy, providing one-stop digital payments and scenario-based on-chain financial solutions.

YeeZ: A KUN Group brand specializing in 2B2C Global Corporate Card Issuance for global enterprises.

The “1-1-4-6” Strategic Blueprint: Driving Global Growth

KUN decoded its “1-1-4-6” strategy—an AI-powered blueprint designed for seamless asset mobility. The ecosystem integrates KUN Space™ (the digital payments & financial services platform) with KUN Nexus™ (the AI-orchestrated liquidity network). Driven by four core engines—KUN | Pay, KUN | Cards, KUN | Money, and KUN | Agent—the strategy empowers liquidity for six vertical sectors: Bulk Commodity, General Trade, B2B Cross-border E-Commerce, Service Trade, Web3 Ecosystems, and AI Applications.

Future Vision: The Era of “Driverless” Intelligent Payments

The launch highlighted KUN | Agent as the pioneer of the “driverless” era of intelligent global payments.

KUNClaw.AI: Orchestrates autonomous financial workflows to drive intelligent cost reduction and efficiency.

AI Agent Wallet: Features programmable KYC and authorization fences to ensure secure, compliant execution where “decision is payment”.

Seamless Network, Borderless Payments.

KUN remains dedicated to serving as the engine for the real economy, providing secure, compliant, and efficient one-stop cross-border payment solutions in an uncertain global environment.

About KUN

KUN is an innovative financial infrastructure company centered on digital payments and embedded finance. Built on a globally distributed licensing framework and a robust compliance and risk-management system, KUN connects Asia with high-growth emerging markets across Africa, Latin America, and the Middle East.

Positioned as a trusted vertical digital payments platform for real economies, the company operates across four core pillars—Cross-Border Digital Payments, On-Chain Finance, Card Issuing, and AI Agentic Payments. By integrating artificial intelligence and blockchain technologies, KUN delivers secure, compliant, and efficient one-stop payment and transaction services for enterprise clients across industries including commodity trade, B2B cross-border e-commerce, service trade, Web3 ecosystems, and AI applications.

Through this integrated infrastructure, KUN serves as a growth engine enabling enterprises to expand globally with speed, trust, and financial connectivity.

Learn more about KUN → www.kun.global

Contact: KUN: brandmkt@kun.global  

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SOURCE KUN

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