Harita Nickel posted 17.8% revenue surge as of September
JAKARTA – PT Trimegah Bangun Persada Tbk (NCKL), commonly known as Harita Nickel, recorded a...
Harita Nickel posted 17.8% revenue surge as of September
JAKARTA – PT Trimegah Bangun Persada Tbk (NCKL), commonly known as Harita Nickel, recorded a 17.8% year-on-year (yoy) revenue increase, reaching Rp20.4 trillion as of September 2024. This rise is seemingly attributed to the addition of a production line at NCKLs High-Pressure Acid Leach (HPAL) facility in August 2024. In fact, the nickel processing line...
Raising funds, Kredit Plus to issue IDR 500 billion bond
JAKARTA - PT KB Finansia Multi Finance, the managing company of Kredit Plus, is offering Shelf-Registration Bond I Phase I Year 2024 of IDR 500 billion starting from yesterday (21/11) until next week (3/2). The proceeds of this bond issuance will be allocated to expand financing capacity for its users. In the short prospectus quoted...
Panin Sekuritas takes over 1.91 billion shares of Modernland (MDLN) from Honoris Corporindo
JAKARTA - After purchasing 1.91 billion shares of property developer PT Modernland Realty Tbk (MDLN) the day before, PT Honoris Corporindo Pratama instead transferred these shares to PT Panin Sekuritas Tbk on Wednesday, November 20. At last, this new investor nowowns15.29% of MDLNs shares, compared to Honoriss 13.6% shareholding. The securities of PT Panin Sekuritas...
Securing ASRRAT Gold Rank 4 years in a row, BNI shows solid sustainable finance commitment
JAKARTA - PT Bank Negara Indonesia (Persero) Tbk or BNI has again won the Gold Rank award in the 2024 Asia Sustainability Report Rating (ASRRAT) event organized by the National Center for Corporate Reporting (NCCR). BNI Corporate Secretary Okki Rushartomo said that this is the 4th year the company has won the Gold Rank in...
POWR to issue global bond USD 50 million
JAKARTA – Shareholders of PT Cikarang Listrindo Tbk (POWR) have agreed upon the issuance of Notes in a foreign currency worth USD 500 million. This corporate action is expected to improve cash ratio of the company. Ko Rina, Investor Relation & Corporate Finance Manager of POWR, mentioned that the yield attached to the upcoming notes...
Asian Shares Decline As Trade War Concerns Resurface
Asian stocks fell broadly on Tuesday after U.S. President-elect Donald Trump said he plans to impose 25 percent tariffs on Mexico and Canada and an additional 10 percent on China on his first day in office, ramping up fears of a renewed trade war. Neither the United States nor China would win a trade war,...
DAX Falls As Automakers Decline On Tariff Concerns
German stocks fell notably on Tuesday, with automakers suffering heavy losses after U.S. President-elect Donald Trump vowed additional tariffs on China as well as U.S. neighbors Canada and Mexico, raising fears of a renewed trade war. Automakers BMW, Mercedes Benz and Volkswagen were down 2-3 percent while the benchmark DAX was down 125 points, or...
CAC 40 Slides As Le Pen Threatens To Topple Government Over Budget
French stocks traded lower on Tuesday after U.S. President-elect Donald Trump threatened sweeping new tariffs on Mexico, Canada and China on his first day in office to combat illegal immigration and drugs. French political tensions also dented investor sentiment after far-right leader Marine Le Pen said on Monday that she could bring down Frances minority...
FTSE 100 Slides As BRC Warns About Return Of Inflation
U.K. stocks declined on Tuesday amid apprehensions that Novembers figures may signal the end of falling inflation. The British Retail Consortium (BRC) reported earlier today that U.K. shop prices dropped at a slower pace in November, signaling that shoppers are set to face rising price pressures. The shop price index declined 0.6 percent on a...
European Shares Retreat As Tariff Worries Return To Haunt Investors
European stocks declined on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China on his first day in office, raising fears of a renewed trade war. French political tensions also weighed on markets after far-right leader Marine Le Pen said on Monday that she could bring...
