Totalindo Eka Persada to launch rights issue in March 2020
26 Dec 2019 11:24
PT Totalindo Eka Persada Tbk (TOPS) is planning to issue new shares through a rights issue in March 2020 to support the company’s operation.
Brawijaya University observer: Jiwasraya case should not be made political
26 Dec 2019 11:04
Observer from Brawijaya University’s Faculty of Economics and Business Dr Dias Satria said that PT Asuransi Jiwasraya’s (Persero) default case is “purely a legal matter” and should not be made political.
Bangkok Bank disburses US$ 200 million loan to Barito Pacific
26 Dec 2019 07:50
Bangkok Bank Public Co Ltd has disbursed a US$ 200 million loan facility to PT Barito Pacific Tbk (BRPT).
Steadfast Marine to launch right issue in Q2-2020
26 Dec 2019 06:10
PT Steadfast Marine Tbk (KPAL) is planning to launch a rights issue in the second quarter of 2020.
Daan Achmad said to be ‘strongest candidate’ for Garuda boss
23 Dec 2019 16:39
PT Angkasa Pura (AP) II (Persero) Commercial Director Daan Achmad is said to be one of the frontrunners for CEO of PT Garuda Indonesia (Persero) Tbk (GIAA).
Erick asks new PLN CEO Zulkifli to focus on 100% electrification and tariff efficiency
23 Dec 2019 15:23
SOE Minister Erick Thohir has asked PT PLN's (Persero) newly-appointed CEO and President Commissioner to focus on realising the 100% electrification ratio target and creating more efficient electricity tariffs.
Zulkifli Zaini appointed as PLN CEO
23 Dec 2019 15:16
PT Bank Negara Indonesia (Persero) Tbk (BBNI) or BNI Independent Commissioner Zulkifli Zaini has been appointed as CEO of PT PLN (Persero).
Erick Thohir to arrange meeting between Jiwasraya and new investors
23 Dec 2019 14:41
SOE Minister Erick Thohir said he will arrange a meeting between PT Asuransi Jiwasraya (Persero) and new investors after the establishment of an insurance holding company with a number of other SOEs.
Chandra Asri allocates US$ 430 million capex for 2020
23 Dec 2019 14:27
Integrated petrochemical company PT Chandra Asri Petrochemical Tbk (TPIA) plans to allocate capital expenditure (capex) of US$ 430 million for 2020.
Kopi Kenangan expands Series A round with investment from Jay-Z and Serena Williams
23 Dec 2019 13:43
Grab-and-go coffee chain Kopi Kenangan has expanded its Series A funding round with additional investment from Arrive, Serena Ventures, and Sequoia India among others.