Adaro Strategic Investments acquires 3.2 billion Adaro Andalan (AADI) shares
JAKARTA - On Monday, December 9, PT Adaro Strategic Investments made the decision to purchase...
Adaro Strategic Investments acquires 3.2 billion Adaro Andalan (AADI) shares
JAKARTA - On Monday, December 9, PT Adaro Strategic Investments made the decision to purchase about 3.20 billion shares ofPT Adaro Andalan Indonesia Tbk (AADI)so as to become a new shareholder. Adaro Strategic now officially owns 24.05% of the thermal coalparent companys shares through BUT Deutsche Bank AG and five more securities firms. In the...
Will NSSS profit increase next year?
JAKARTA - PT Nusantara Sawit Sejahtera Tbk (NSSS) projects that the growth of palm oil prices will not be much different from this year, ranging from 4,000 - 5,000 Malaysian ringgit per tonne. Nusantara Sawit Sejahtera Director Kurniadi Patriawan said the current CPO price, as shown by the companys average selling price (ASP), is IDR...
Jon Fieris divests 9.2% of his shares in FITT
JAKARTA - Jon Fieris reduced the volume of his shares in PT Hotel Fitra International Tbk (FITT) gradually by 9.2% in the last two weeks of December 2024. The total share sale transaction was recorded at IDR 11.47 billion. Based on the data compiled by IDN Financials, Monday (16/12), it shows that Jon Fieris owns...
VAT will officially increase to 12% starting early next year
JAKARTA. The Indonesian government has officially announced an increase in Value Added Tax (VAT) to 12% and will take effect from January 1, 2025. Airlangga Hartarto, Coordinating Minister for Economic Affairs, said the determination was in line with the Law on Harmonization of Tax Regulations (UU HPP). In accordance with the mandate of the HPP...
GOTO posted net foreign of 1.44 billion shares
JAKARTA - PT Goto Gojek Tokopedia Tbk (GOTO) posted net foreign shares of 1.44 billion, placing it at the top of top net foreign shares at the closing bell, Monday (16/12). Based on the data compiled by IDN Financials, it shows that the largest e-commerce platform issuer recorded foreign buys of 3.23 billion and foreign...
HSBC Sued By Australian Regulator For Failures Against Scams
Australias markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately protect customers from scams. As per the documents filed by the Australian Securities and Investments Commission or ASIC, HSBC Bank of Australia Ltd. or HSBC Australia failed to properly protect customers scammed out of millions of...
Pound Rises As Flash U.K. Private Sector Expands Steadily
The British pound strengthened against other major currencies in the European session on Monday, after data showed that the U.K. private sector activity advanced at a steady pace in December. Data from S&P Global showed that the U.K. Purchasing Managers Index (PMI) posted 50.5, unchanged from November. The economists had expected the index to improve...
Eurozone Private Sector Contracts In December
Eurozone private sector contracted at the end of the year reflecting the falls in Germany and France, while the rest of the region posted a solid increase in output. The HCOB flash composite output index rose to 49.5 in December from 48.3 in November, pointing to a softer and marginal fall in output, survey results...
UK Private Sector Logs Steady Growth
The UK private sector logged a steady growth in December with rising activity across the services economy offsetting an accelerated downturn in manufacturing output, flash survey results from S&P Global showed on Monday. The flash composite output index posted 50.5 in December, unchanged from Novembers 13-month low. Divergent trends were recorded in the manufacturing and...
New York Manufacturing Index Pulls Back Sharply In December
After reporting a sharp increase by its reading on regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Monday showing a sharp pullback by the index in the month of December. The New York Fed said its general business conditions index plummeted to 0.2 in December...
