Spending USD 239 million, INDY to secure returns from gold mine in 2026
20 Nov 2024 14:06
PT Indika Energy Tbk (INDY) is still grappling with challenges in its non-coal business diversification as of the first nine months (9M) of 2024.
After coal mine divestment, Indika Energy won't likely to reach 2024 target
20 Nov 2024 11:59
PT Indika Energy Tbk (INDY) admits that its performance at the end of 2024 will not be as brilliant as last year, especially after the divestment of its coal mine, PT Multi Tambang Jaya Utama (MUTU), which was completed last February.
Akulaku Group to divest shares in Bank Neo Commerce
20 Nov 2024 09:43
Akulaku Group, the major shareholder of PT Bank Neo Commerce Tbk (BBYB) is planning gradual divestment of its shares to 30% of BBYB’s issued and paid-up capital.
TOBA to restructure its subsidiaries
19 Nov 2024 16:25
Shareholders of PT TBS Energi Utama Tbk (TOBA) agreed upon the plan to restructure its subsidiaries, PT Toba Bara Energi (TBE), PT Gorontalo Listrik Perdana (GLP), dan PT Minahasa Cahaya Lestari (MCL).
Less then a year, Atlantis Subsea saw 102% profit surge
19 Nov 2024 15:11
PT Atlantis Subsea Indonesia Tbk (ATLA), an oil and gas company debuted on Indonesia Stock Exchange (IDX) in April 2024, booked net profit of IDR 3.79 billion.
Next month, SMI to offer bond of IDR 2.7 trillion
19 Nov 2024 14:34
PT Sarana Multi Infrastruktur (Persero) will offer Shelf-Registration Bond IV Phase II Year 2024 worth IDR 2.7 trillion in early December 2024.
In need of extra cash, APLN to divest Pullman Ciawi
18 Nov 2024 18:11
PT Putra Adhi Prima (PAP), a subsidiary of PT Agung Podomoro Land Tbk (APLN), has reportedly divested its assets in Ciawi, West Java, to PT Bangun Loka Indah (BLI) in order to boost its cashflow.
LEAD to pay USD 20 million loan
18 Nov 2024 16:03
PT Logindo Samuderamakmur Tbk (LEAD) will pay loan worth USD 20 million via debt conversion of 1.75 billion shares of IDR 25 each.
Restructuring investment portfolio, DSSA to divest FREN
18 Nov 2024 09:37
PT Dian Swastatika Sentosa Tbk (DSSA) has divested some of its portion in PT Smartfren Telecom Tbk (FREN) to redistribute its investment portfolio.
Minister of Manpower to rally CEOs in a collaboration to boost manpower
16 Nov 2024 20:16
The Ministry of Manpower encourages collaborative workforce development programs with public companies listed in the stock market to boost labour competency.