JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) and PT Dian Swastatika Sentosa Tbk (DSSA) have officially signed an Asset Sale and Purchase Agreement on January 3, 2025. Through this transaction, INKP acquired DSSAs power plant assets, including machinery with a total capacity of 175.1 MW along with its supporting equipment. Heri Santoso...
JAKARTA — On Tuesday, January 7, foreign investors bought 3.72 billion shares of shares, compared to only around 3.03 billion bought. As of today, the net foreign from January to today is a net sell of3.14 billion shares. With 552.02 million shares, PT GoTo Gojek Tokopedia Tbk (GOTO) isthe first of the top five stocks...
JAKARTA – PT Jasnita Telekomindo Tbk (JAST) has projected a 20% revenue growth in 2024, driven by the expansion of its subsidiary into Singapore. President Director of JAST, Yentoro, revealed in a disclosure to the Indonesia Stock Exchange (IDX) on Tuesday (7/1) that potential projects in Singapore offer significant opportunities to increase project volumes and...
JAKARTA - The Financial Services Authority (OJK) reported that bank credit performance grew 10.79% (year-on-year / yoy) in November 2024, to IDR 7,717 trillion. Bank credit growth in December 2024 was slightly lower than the previous month, which stood at 10.92%. Nevertheless, Dian Ediana Rae, Chief Executive of OJK Banking Supervision, said that banking intermediation...
JAKARTA – PT Multi Medika Internasional Tbk (MMIX) has partnered with Fujian Nice Paper Hygiene Products Co., China, to establish a diaper factory in Indonesia. Mengky Mangarek, President Director of MMIX, announced that the two companies signed a memorandum of understanding (MoU) yesterday (2/1) regarding capital investment to form a joint venture. “The MoU for...
Indian shares opened lower on Tuesday, tracking weak cues from global markets amid concerns about U.S. President-elect Donald Trumps protectionist policies and the outlook for interest rates. The benchmark S&P/BSE Sensex was down 498 points, or 0.6 percent, at 77,749 in early trade while the broader NSE Nifty index slipped 128 points, or half a...
Indian shares are likely to open on a sluggish note Thursday, tracking declines in U.S. stock futures and weak Asian markets. The impending weekly F&O expiry may also lead to some volatility. Investors are facing an array of challenges in 2025, including uncertainty around the U.S. monetary policy path and President-elect Donald Trumps pro-growth fiscal...
The Australian market extends early gains and is trading modestly higher in mid-market moves on Thursday after opening in the green and briefly slipping into the red. The benchmark S&P/ASX 200 is moving close to the 8,200 level, with mining, energy and technology stocks extending their gains. The benchmark S&P/ASX 200 Index is gaining 26.40...
Indian shares were slightly higher in cautious trade on Thursday, with financials leading the surge. The benchmark S&P/BSE Sensex rose by 290 points, or 0.4 percent, to 78,796 in early trade, extending its upward movement for the second straight session of 2025. The broader NSE Nifty index was up 86 points, or 0.4 percent, at...
The Canadian dollar strengthened against most major currencies in the Asian session on Thursday. The Canadian dollar rose to a 3-week high of 1.4876 against the euro, from yesterdays closing value of 1.4896. Against the U.S. dollar and the yen, the loonie advanced to a 2-day high of 1.4372 and a 3-day high of 109.68...