Telkom’s capex realisation reached IDR 5.1 trillion in Q1 2024
22 Apr 2024 15:41
PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), widely regarded as Telkom, had spent capital expenditure (capex) worth IDR 5.1 trillion throughout Q1 2024.
PALM channels IDR 3.69 trillion capital injection to its subsidiaries
22 Apr 2024 13:10
PT Provident Investasi Bersama Tbk (PALM), an investment company that previously operated in the agricultural products sector, has increased the issued and paid-up capital of one of its subsidiaries, namely PT Alam Permai (AP), with a deposit of IDR 3.69 trillion.
Processing industry expected to be in expansion phase in Q2
22 Apr 2024 11:00
Manufacturing Industry growth is predicted to reach 54.31% in the second quarter of 2024, continuing the realization of growth in the first quarter of 2024. This achievement will continue the expansion phase of the Processing Industry Business Field in the first semester of this year.
JCI plunged into red zone after moving up
22 Apr 2024 10:39
The positive sentiment on the Composite Stock Price Index (IHSG) in the morning session, Monday (22/4) only lasted temporarily. Until 10.26 Indonesian Time (WIB), the index entered the red zone shortly after strengthening in the first session.
KoinWorks flaunts profitability of two business lines
22 Apr 2024 09:48
KoinWorks, a financial service with 2.5 million users across Indonesia, is revealing the profitability of its two business lines, BPR KoinWorks Sejahtera (KoinWorks Bank) and Lunaria Annua Teknologi (LAT).
IDX warns 137 issuers yet to submit financial reports
22 Apr 2024 07:37
Indonesia Stock Exchange (IDX) announced 137 issuers that have yet to submit their financial report for the fiscal year 2023, exceeding the set deadline.
The volumes of foreign sell and buy differ slightly; net foreign volume closed at -105.25 million shares
20 Apr 2024 14:05
Foreign investors' sell and buy transactions on Friday, April 19, concluded at comparable outcomes. Foreign buy volume stood at 3.35 billion shares, while foreign sell volume was 3.46 billion shares. As a result, net foreign volume closed at -105.25 million shares. The coal mining company PT Bumi Resources Tbk (BUMI) was on the top buy list, with 164.52 million shares purchased for a net volume of 131.25 million shares. Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) ranked first in the top sell list, with 150.03 million shares sold and a net volume of -77.94 million shares.
Zed Utama Persada acquires 255 million shares of Bhakti Multi Artha (BHAT)
20 Apr 2024 13:07
On Wednesday, April 17, PT Zed Utama Persada acquired 255.43 million shares of the life insurance company PT Bhakti Multi Artha Tbk (BHAT). This new investor now owns 5.11% of the shares from the transactions conducted through three securities firms. Furthermore, PT Garam Ventura Indonesia, which owned 27.82% of the media and retail holding company PT Multi Garam Utama Tbk (FOLK), purchased an additional 114.85 million shares, increasing its ownership to 30.73%.
After investing 85.92 million shares, Reksa Dana Sucorinvest now owns 5.37% of Gema Grahasarana (GEMA)
20 Apr 2024 12:33
On Tuesday, April 16, PT Gema Grahasarana Tbk (GEMA), an interior contractor and furniture manufacturer, welcomed a new investor from the Reksa Dana Sucorinvest Equity Fund. Through PT Bank HSBC Indonesia, 85.92 million GEMA shares were acquired, giving this investor a current ownership stake of approximately 5.37%. Another new investor, PT Firstindo Finansial Corpora, bought 51.88 million shares in PT Sumber Energi Andalan Tbk (ITMA), giving it a 5.19% stake.
Indonesia’s foreign debts arrived at USD 407.3 billion
19 Apr 2024 16:58
Bank Indonesia (BI) reported Indonesia’s foreign debts had reached USD 407.3 billion as of February 2024, up 1.4% year-on-year (yoy) from February 2023.