JAKARTA. PT Blue Bird Tbk (BIRD) has budgeted Rp 500 billion in capital expenditure (capex) to be invested in information technology (IT) and fleet revitalisation. This is in line with the company's focus on performance recovery amid the coronavirus (COVID-19) pandemic.
According to Blue Bird Head of Investor Relations Michael Tene, the company aims for performance recovery by optimising its fleet with IT and artificial intelligence (AI) support to assist its network.
"The budget for revitalisation will be sourced for bank loans while the budget for IT investment will be sourced internally," Mr Tene said as quoted from Kontan.co.id recently.
For performance recovery, Mr Tene said, the company started improving efficiency in terms of direct costs and operational expenditure (opex) last year, which caused its opex to drop by 7.7% in the second quarter of 2020 and 42% in the third quarter. (AM/MS)