VAT will officially increase to 12% starting early next year
16 Dec 2024 17:00
The Indonesian government has officially announced an increase in Value Added Tax (VAT) to 12% and will take effect from January 1, 2025.
Foreigners divesting, NCKL acquires Obi Nickel Cobalt for IDR 2.1 trillion
16 Dec 2024 08:20
PT Trimegah Bangun Persada Tbk (NCKL) acquires a portion of the shares of PT Obi Nickel Cobalt amidst its shares’ mass-divestment throughout the week.
Disapprove of merger? EXCL and FREN offer buyback
12 Dec 2024 08:45
PT XL Axiata Tbk (EXCL) and PT Smartfren Telecom Tbk (FREN) give an escape for minority shareholders disapproving of the merger through buyback option.
Morning session caught EXCL and FREN declining
11 Dec 2024 13:52
Both PT XL Axiata Tbk (EXCL) and PT Smartfren Telecom Tbk (FREN) were seen corrected at the end of morning session today (11/12) following the merger plan.
EXCL and FREN to merge, introducing XLSmart Telecom Sejahtera
11 Dec 2024 10:58
Following the merger, PT XL Axiata Tk (EXCL) and PT Smartfren Telecom Tbk (FREN) agreed to use a brand new name, PT XLSmart Telecom Sejahtera Tbk. The merger will officially take effect on March 22, 2025.
Airlangga Hartarto unveils government strategy to secure 8% economic growth
10 Dec 2024 12:20
Coordinating Minister for Economic Affairs, Airlangga Hartarto, revealed several strategies that the Indonesian government is preparing to accelerate economic growth to 8% over the next five years.
Domestic investors dominated 92% of transaction value
10 Dec 2024 08:11
Domestic investors accounted for 92% of the total transaction value on the Indonesia Stock Exchange (IDX) on Monday (9/12).
Lippo sets up jumbo rights issue for Meikarta following IDR 1.6 trillion loss
10 Dec 2024 07:07
PT Lippo Cikarang Tbk (LPCK) is undertaking a significant capital increase through a rights issue to continue financing its Meikarta project, following a loss of IDR1.6 trillion.
Matahari to close 13 outlets, foreign investors posts net sell of 2.08 million shares
09 Dec 2024 19:40
PT Matahari Department Store Tbk (LPPF)'s plan to close 13 Matahari outlets this year and closely monitor 20 outlets on the watchlist, was responded by foreign investors selling.
Mataram Limited to raise portion in SULI
06 Dec 2024 10:34
Mataram Limited will raise portion in PT SLJ Global Tbk (SULI) via private placement next week (13/12).