Official, shareholders approve INAF’s 50%-of-assets guarantee
16 Jan 2024 10:27
The shareholders of PT Indofarma Tbk (INAF) has agreed upon the guarantee of over 50% of net assets of the company as a collateral for the company’s obligation.
Humpuss Maritim Internasional sets up capex of IDR 802.50 billion
16 Jan 2024 10:01
PT Humpuss Maritim Internasional Tbk (HUMI), an integrated maritime transportation and service provider, has allocated its capital expenditure (capex) for 2024 of IDR 802.5 billion.
Bank Mayapada aims for IDR 4 trillion in rights issue
15 Jan 2024 16:57
PT Bank Mayapada Internasional Tbk (MAYA) seeks fresh funds of IDR 4 trillion through the capital increase with preemptive rights, also known as rights issue.
Due to delays in paying bonds, ZINC to hold RUPO
15 Jan 2024 13:32
PT Kapuas Prima Coal Tbk (ZINC) will hold a General Meeting of Bondholders (RUPO) on February 13, 2024 regarding the repayment of principal and interest on the 2018 KPC Bond I. This issuer has not been able to pay the principal of the Bond due to the decline in performance in the third quarter of 2023.
APG and ADIA team up with INA in funding 2 sections of Trans Jawa Toll Road
11 Jan 2024 20:14
APG Asset Management NV (APG) and the Abu Dhabi Investment Authority (ADIA) have followed up on the memorandum of understanding signed in 2021, to invest in the Trans Jawa Toll Road together with the Indonesia Investment Authority (INA).
HOKI obtains IDR 130 billion loan
11 Jan 2024 13:54
PT Buyung Poetra Sembada Tbk (HOKI) receives a loan of IDR 130 billion from PT Buyung Putra Pangan (BPP) for acquisition of raw materials and operational activities.
Inflation to skyrocket in April 2024
11 Jan 2024 10:19
Inflation in April 2024 will soar compared to February and May 2024.
Hermina Hospital will hold MESOP phase I
10 Jan 2024 15:13
PT Medikaloka Hermina Tbk (HEAL), the manager of the Hermina Hospital network, will hold a Management and Employee Stock Option Program (MESOP) starting next week (17-23/1).
Pefindo lowers ZINC rating after default on bond debt
10 Jan 2024 15:12
Pemeringkat Efek Indonesia (Pefindo) has lowered the rating of Bond I Series E 2018 issued by PT Kapuas Prima Coal Tbk (ZINC), following the failure to pay the bond principal amounting to IDR 23 billion
Leadership shifts around the globe, 40 countries to hold elections this year
05 Jan 2024 12:13
At least 40 countries will hold presidential/general election throughout 2024. Fiscal policy of each candidate, such as tax exemption during Donald Trump’s term in the US, may determine the global market reaction.