Habco Trans Maritima Tbk (HATM), a company engaged in the logistics and shipping services, has acquired a new bulk carrier vessel for USD 13.8 million or IDR 226.6 billion. Antonius Limbong, Corporate Secretary of HATM, mentioned that the vessel was acquired from Seacon Peru Ltd. The fund source for this new vessel purchase is a...
JAKARTA. PT Bank KB Bukopin Tbk (BBKP) is planning the issuance of Senior Unsecured Notes (global bond) of a maximum USD 300 million. Robby Mondong, Vice President Director of BBKP, said that this corporate action will demonstrate the companys capability in enhancing its own funding structure. It also serves as the initial step taken by...
JAKARTA. The sulphuric acid refinery unit, a part of the smelting facility of PT Freeport Indonesia (PTFI) located in Special Economic Zone (lit. Kawasan Ekonomi Khusus/KEK) of Gresik, was reportedly caught in fire yesterday (14/10). Katri Krisnati, VP Corporate Secretary of PTFI, said that there were no casualties reported in the incident, despite the fire...
Energi Mega Persada Tbk (ENRG), Bakrie Group’s oil and gas company, has taken over all participating rights in Sengkang Block. This participating rights acquisition was done by ENRG through EMP Energi Jaya (EEJ), its subsidiary. The participating rights were acquired by EEJ from Energi Equity Holdings Pty Ltd (EEH), Energy World Corporation (EWC), and Ventures...
The China stock market on Thursday snapped the four-day winning streak in which it had rallied more than 135 points or 4 percent. The Shanghai Composite now sits just above the 3,280-point plateau although its likely to bounce higher again on Friday. The global forecast for the Asian markets is mixed to higher, likely driven...
The Hong Kong stock market on Thursday snapped the two-day winning streak in which it had advanced more than 280 points or 1.4 percent. The Hang Seng Index now sits just beneath the 20,490-point plateau although its expected to open to the upside on Friday. The global forecast for the Asian markets is mixed to...
The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by the...
The South Korea stock market headed south again on Tuesday, one day after ending the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,570-point plateau and it may tick lower again on Wednesday. The global forecast for the Asian markets is soft thanks...
Growth in the employee earnings in the U.K. stalled in the September quarter and the rate of increase is expected to fall next year as employers weigh the cost, the performance of their companies and possibly lower inflationary pressures. Median pay award forecast for the next 12 months was 3 percent, nearly two percentage points...
Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the Canadian central banks interest rate decision due after the opening bell. The Bank of Canada is scheduled to announce its monetary policy at 9:45 AM ET. The central bank is widely expected...