New Zealand will on Tuesday release Q2 numbers for manufacturing sales volume, highlighting a light day for Asia-Pacific economic activity. In Q1, sales dipped 0.4 percent on quarter. South Korea will provide August numbers for unemployment; in July, the jobless rates was 2.5 percent. Australia will see September results for the inflation forecast from the...
JAKARTA - PT Puri Karya Bersama (PKB), a subsidiary of PT Puri Global Sukses Tbk (PURI), has secured a syndicated revolving loan for working capital from 13 rural credit banks worth IDR 200 billion. The facility is equal to 166.15% of total PURIs equity as of June 2024 of IDR 120.36 billion. In the issued...
The South Korea stock market has finished lower in six straight sessions, plunging more than 160 points or 6 percent along the way. The KOSPI now rests just above the 2,520-point plateau although its expected to find traction on Wednesday. The global forecast for the Asian markets is mixed and flat ahead of key inflation...
JAKARTA. AirAsia Group is reportedly exploring several funding opportunities to back its plan to acquire additional 75 units of aircrafts until 2031. Tony Fernandes, CEO of Capital A Berhad, or the parent entity of AirAsia airline, said that this plan reflects the company’s commitment in supporting the development of Indonesia’s tourism sector, as well as...
JAKARTA -PT Perintis Triniti Properti Tbk (TRIN) or Triniti Land reported marketing revenue of IDR 1.1 trillion as of August 2024, skyrocketing 114% year-on-year (yoy) from August 2023 of IDR 546.9 billion. The issuer then feels optimistic regarding its marketing sales target of IDR 1.2 trillion that is projected to be attained at the end...
BANDUNG - Unexpected inspiration can actually lead someone to create a new and successful business. This was experienced by Adang, a Micro, Small and Medium Enterprise (MSME) actor in Bandung, who successfully optimized bamboo into various types of crafts and processed food products and is famous internationally. Adang admitted that the inspiration came one night...
Rig Tenders Indonesia Tbk (RIGS) booked net profit of IDR 78.97 billion in the first half (H1) of 2024, up 26.35% year-on-year (yoy) from the same semester last year. In fact, in terms of top-line, RIGS’s revenue only climbed a shy of 1.84% yoy to IDR 347.98 billion in H1 2024. In the same period...
JAKARTA - Foreign investors were reported buying and selling stocks on Thursday, September 5, with nearly equal results, with the foreign buying volume was 1.84 billion shares and the foreign selling volume was 1.81 billion shares. These activities then resulted in a net foreign volume surplus of 33.63 million shares. The industrial area development business...
JAKARTA -PT Bangun Karya Perkasa Jaya Tbk (KRYA) has secured new contracts worth IDR 24.65 billion in order to fund the construction of warehouse and office of PT Elson Bernardi. In the first half (H1) of 2024, the issuer recorded revenue of IDR 115.93 billion, up from IDR 50.53 billion seen in the same period...
JAKARTA -PT MNC Kapital Indonesia Tbk (BCAP) denies the issue of acquisition led by MNC Capital Partners, LP over Vista Outdoor (VSTO.N). This is stated by Stefi Elizabeth, Corporate Secretary of BCAP in the press release quoted Tuesday (10/9). “We emphasise once again that BCAP is now the party involved in the acquisition offer of...