Summarecon to restructure subsidiary in IKN
21 Aug 2024 10:05
PT Summarecon Agung Tbk (SMRA) restructures its portion in PT Nusantara Selaras Sejati (NTSS), whose operation is located in Penajam Paser Utara, East Kalimantan.
Stagnant sales, Mustika Ratu still saw surge in net profit
21 Aug 2024 09:42
PT Mustika Ratu Tbk (MRAT), a cosmetic and body care product manufacturer, scored net profit of IDR 302.19 million in the first half (H1) of 2024.
Two major Bintang Samudera Mandiri Lines (BSML) investors increase their shares
20 Aug 2024 22:34
Two major shareholders in PT Bintang Samudera Mandiri Lines Tbk (BSML) made the decision to increase their stake in this shipping and logistics company on Friday, August 16. PT Goldfive Investment Capital first bought 18.18 million shares through PT Yuanta Sekuritas Indonesia, increasing its shareholding from 45.76% to 46.74%. Subsequently, PT Sanca Griya Modalindo procured an additional 103,800 shares, elevating its stake to 6.02% from its previous holding of 6.01% in BSML.
Planning subsidiary’s IPO, TPIA saw correction in stock
20 Aug 2024 16:46
Stock performance of PT Chandra Asri Pacific Tbk (TPIA) fell off at today’s (20/8) closing bell, as if reflecting the market’s response towards its plan to debut its subsidiary in the stock exchange.
OJK urges Jiwasraya to address policyholders refusing restructure
20 Aug 2024 15:30
Financial Services Authority (OJK) urges PT Asuransi Jiwasraya (Persero) to conclude the policyholders dispute resolution in a comprehensive way.
At default, Pefindo lowered ZINC’s bond rating
20 Aug 2024 14:42
Pemeringkat Efek Indonesia (Pefindo), a domestic rating agency, has lowered the rating of Bond I Year 2018 issued by PT Kapuas Prima Coal Tbk (ZINC) to “idD” from the previous “idCCC”.
KIJA to allocate IDR 450 billion of capex
20 Aug 2024 14:16
PT Kawasan Indutri Jababeka Tbk (KIJA) is allocating capital expenditure of IDR 450 billion this year. The allocation is split to 55% for land acquisition and 45% for infrastructure maintenance.
Promoting MSME financing, Modalku joins hands with Lotte Grosir
20 Aug 2024 10:35
Modalku, a fintech platform, is partnering with Lotte Grosir to provide term financing for raw material purchase for Micro, Small, and Medium Enterprises (MSMEs).
Working on hydropower plant, ARKO secures loan facility of IDR 23 billion from SMI
20 Aug 2024 10:28
PT Arkora Hydro Tbk (ARKO), a holding company engaged in the renewable energy sector, has obtained a loan facility worth IDR 223 billion for the establishment of Tomoni Hydropower Plant.
Investors in Estee Gold Feet (EURO) actively trading shares
19 Aug 2024 17:53
Major PT Estee Gold Feet Tbk (EURO) investors were busy trading shares on Thursday, August 15. PT Solusi Karya Sukses and PT Fersindo Nusa Jaya have opted to increase their shareholdings in the aerosol company for cosmetics and home appliances by 20.07 million and 9.57 million shares, respectively. Right now, both are in charge of roughly 8.5-8.7% stakes. On the other hand, PT Majukarya Mandiri Indonesia sold 10.38 million shares, and PT Firstindo Finansial Corpora sold 50 million shares.