Metrodata sets capex budget to IDR 630 billion, 20.3% utilised in Q1 2024
03 Jun 2024 17:11
PT Metrodata Electronics Tbk (MTDL) prepares IDR 630 billion for its capital expenditure (capex) budget for 2024.
Benteng Api Technic to set IPO price to IDR 110 per share
03 Jun 2024 16:40
PT Benteng Api Technic Tbk (BATR), a heat-resistant and insulation material, has set the initial public offering (IPO) price to IDR 110 per share.
Aiming for IDR 25 trillion of sales again this year, Metrodata seeks 10% profit growth
03 Jun 2024 16:08
Once hindered by pandemic, PT Metrodata Electronics Tbk (MTDL) now aims for revenue target of IDR 25 trillion again this year, or 13% year-on-year (yoy) increase from the revenue reported in 2023 of IDR 22 trillion.
Starlink enters Indonesia, Mitratel reveals plans
02 Jun 2024 11:41
PT Dayamitra Telekomunikasi Tbk (MTEL), also known as Mitratel, does not seem bothered with Starlink entering Indonesia’s premises, and is reported to have agreed upon partnership with this satellite connection provider owned by Elon Musk.
Establishing 4 new factories, CLEO to increase production by 1 billion litre per year
30 May 2024 18:21
Bottled mineral water manufacturer of Cleo brand, PT Sariguna Primatirta Tbk (CLEO), plans to add 4 new factories this year to increase production capacity as market demand skyrockets.
Low energy in domestic automotive scene, Garuda Metalindo eyes 50% growth in 2024 export
30 May 2024 16:12
Dealing with the idle domestic market, PT Garuda Metalindo Tbk (BOLT), a nuts and bolts manufacturer for automotive spare part, is looking for other opportunities in the global market by targeting export sales to increase by up to 50% this year.
Eyeing revenue growth, Autopedia to expand business to used motorcycle
29 May 2024 17:55
PT Autopedia Sukses Lestari Tbk (ASLC) will branch out to used motorcycle sales business line in order to boost future revenue.
PLN saw 53.21% surge in profit to IDR 22.02 trillion
29 May 2024 10:18
PT Perusahaan Listrik Negara (Persero) reported net profit of IDR 22.02 trillion throughout 2023, up 53.21% year-on-year (yoy) from IDR 14.41 trillion seen in the same period in 2022.
Taking over 51% of TUJ, GRPM to expand distribution network
28 May 2024 14:59
PT Graha Prima Mentari Tbk (GRPM), a distributor of carbonated drinks, will expand its distribution network by acquiring 51% of PT Tri Usaha Jaya (TUJ).
Debuting, BATR eyes IDR 71.3 billion in IPO
27 May 2024 13:38
PT Benteng Api Technic Tbk (BATR), a manufacturer and distributor of refractory or heat-resistant materials, will conduct its initial public offering (IPO) to raise funds of up to IDR 71.3 billion.