JAKARTA – PT Lautan Luas Tbk (LTLS), a chemical distributor, implements sustainability strategies through two of its subsidiaries, PT Lautan Natur Krimerindo (LNK), and another subsidiary engaged in the supporting services sector. LNK, the manufacturer of FIberCreme, has reportedly installed 1,416 solar panels with total capacity of 635 kilowatt (kW) in its factory in Mojokerto,...
JAKARTA -PT Eastparc Hotel Tbk (EAST) will distribute interim dividend of IDR 5.15 billion for the fiscal year (FY) 2024, down 30.55% from interim dividend for FY 2023 of IDR 7.42 billion. As of June 2024, its net profit was at IDR 15.42 billion, retained earnings IDR 11.71 billion, and total equity of IDR 461.28...
JAKARTA. Muhammadiyah Central Board, one of the major religion organisations in Indonesia, has formed two companies to manage mining concessions granted by the Indonesian government. Muhadjir Effendy, Head of Muhammadiyah Central Board, said that one of the two companies will serve as a holding company with one other as the operating company. “We have now...
Suryamas Dutamakmur Tbk (SMDM), a real estate management and developer, booked net profit of IDR 109.76 billion in the first half (H1) of 2024. The number is 3.4 times higher compared to the net profit of SMDM in H1 2023, in which the company only managed to collect net profit of IDR 25.15 billion. According...
Pizza Hut, a subsidiary of Yum! Brands, Inc., is launching ResZAmes, a new offering aimed to help professionals deliver their resumes to prospective employers through pizza boxes in New York City. The free resume-printed pizza boxes are expected to capture employer attention during peak September Surge hiring season. ResZAmes allows job applicants in the toughest...
Canadian inflation data for the month of August is set to determine the mood on Bay Street Tuesday morning. The focus will also be on the Federal Reserves monetary policy meeting that gets underway today. The Fed is expected to lower interest rate, but it is the size of reduction, and the post meeting statement...
The Indian rupee strengthened against the U.S. dollar in the European session on Tuesday. In economic news, data from the Ministry of Commerce and Industry showed that Indias wholesale price inflation softened more-than-expected in August to the lowest level in four months. The wholesale price index, or WPI, rose 1.31 percent year-over-year in August, slower...
Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail...
The Singapore stock market has finished higher in seven straight sessions, advancing more than 140 points or 3.9 percent along the way. The Straits Times Index now sits just above the 3,590-point plateau and it may see mild upside again on Wednesday. The global forecast for the Asian markets is flat ahead of the Federal...
Ahead of Tuesdays holiday for the Mid-Autumn Festival, the Taiwan stock market had finished higher in three straight sessions, rallying more than 810 points or 3.9 percent along the way. The Taiwan Stock Exchange now sits just above the 21,850-point plateau and its looking at another green light for Wednesdays trade. The global forecast for...