JAKARTA – PT Raja Roti Cemerlang Tbk (BRRC) has announced plans for its first export of bread crumb products to Australia. The company’s President Director, Ari Sudarsono, confirmed that BRRC has already secured a business partner in Perth, Australia, to execute the initial export. “We have an immediate export opportunity to Australia, specifically to Perth,...
JAKARTA – Indonesias foreign exchange reserves grew by 3.66% in December 2024 to USD 155.7 billion compared to USD 150.2 billion in November 2024. Ramdan Denny Prakoso, Executive Director of Communication Department of Bank Indonesia (BI), explained that the increase in reserves was driven by tax and service revenue, government foreign loan withdrawals, as well...
JAKARTA – PT Hero Global Investment Tbk (HGII) is targeting a threefold increase in revenue and net profit in 2025. Hugo Feber Parluhutan Silalahi, HGIIs Finance Director, stated in a post-IPO press conference on Thursday (9/1) that the company aims for revenue of IDR 95 billion and a net profit of IDR 35 billion in...
JAKARTA – On Tuesday, January 7, the acquisition of 36.22 million SCMA shares by its controller, PT Elang Mahkota Teknologi Tbk, marked the start of market hints or share purchase operations by investors holding 5% or more shares. The subsequent acquisition of 2.45 million shares of PT Batulicin Nusantara Maritim Tbk (BESS), an issuer involved...
JAKARTA - PT Raharja Energi Cepu (REC), shareholder of PT Petrogas Jatim Utama Cendana (PJUC), provides cash-on-call facility of USD 6.90 million for the development of Cepu Block, East Java. According to information disclosure quoted Thursday (9/1), Sumantri, Director of PT Rukun Raharja Tbk (RAJA), confirmed that the transaction is aimed for its business development...
JAKARTA – PT Bank Negara Indonesia Tbk (Persero) (BBNI) has reaffirmed its commitment to supporting the governments initiative to expand financing access for Indonesian Migrant Workers (PMI), particularly through the People’s Business Credit (KUR) program. The program is designed to facilitate easier access to financing for PMIs, supporting their employment abroad. Royke Tumilaar, President Director...
JAKARTA – PT Bumi Resources Tbk (BUMI)andPT Bumi Resources Minerals Tbk (BRMS) secured the top positions in net foreign buy transactions during stock trading on Thursday (9/1). According to data compiled by IDNFinancials, BUMI recorded a net foreign buy of 117.96 million shares, with foreign purchases amounting to 167.13 million shares and foreign sales reaching...
JAKARTA – Foreign investor stock transactions ended Thursday, January 9, with a net sell of 456 million shares. Foreigners purchased almost 2.64 billion shares, while over 3.10 billion shares were sold. With 745.71 million shares, PT GOTO Gojek Tokopedia Tbk (GOTO), the parent company of digital services, had the greatest net sell of the day....
JAKARTA - The Composite Stock Price Index (JCI) corrected 0.22% or 15.76 points to 7,064.59 on Thursday (9/10), continuing the slight correction that occurred the previous day. The Indonesia Stock Exchange (IDX) recorded the volume of shares traded yesterday at 16.25 billion shares. The value of trading transactions reached IDR 7.86 trillion or equivalent to...
JAKARTA –PT Bukalapak.com Tbk (BUKA) announced the closure of its marketplace on Tuesday (7/1), as part of a broader business transformation strategy. In an official statement, Bukalapaks management confirmed that electronic products, gadgets, fashion items, and other physical goods will no longer be available on Bukalapak.com. Going forward, the company will focus on selling virtual...