JAKARTA – The Ministry of State-Owned Enterprises (SOEs) has appointed Captain Wamildan Tsani Panjaitan as the President Director of PT Garuda Indonesia (Persero) Tbk (GIAA), replacing Irfan Setiaputra. This decision was made during Extraordinary General Meeting of Shareholders last week (15/11). Panjaitan is known to have experience in the aviation industry for 20 years. Panjaitan...
Formosa Ingredient Factory Tbk (BOBA), a beverage ingredient manufacturer known with its brand Boba King, will distribute interim dividend of IDR 2.31 billion or IDR 2 per share. Dewi Irianty Wijaya, Vice President Director of BOBA , mentioned that said plan aligns with the decision made by the board of directors a couple of days...
Producer prices in South Korea were down a seasonally adjusted 0.1 percent on month in October, the Bank of Korea said on Wednesday - after easing 0.2 percent in September. Individually, prices for agricultural, forestry and marine products dropped 8.7 percent on month, while manufacturing products and services both rose 0.2 percent and utilities added...
Japan will on Wednesday release October figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to sink 0.3 percent on year after rising 2.1 percent in September. Exports are called higher by an annual 2.2 percent after slipping 1.7 percent in the previous month. The trade...
Canadian stocks tumbled Tuesday morning, hurt by hot inflation data and escalating geopolitical tensions, but recovered gradually to eventually end the days session on a slightly positive note. Data from Statistics Canada showed the annual inflation rate in Canada rose to 2% in October from an over-three-year low of 1.6% in the previous month. The...
The Singapore stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had collected more than 30 points or 0.8 percent. The Straits Times Index now sits just beneath the 3,760-point plateau and it may see additional support on Wednesday. The global forecast for the Asian markets...
Japan posted a merchandise trade deficit of 461,2 billion yen in October, the Ministry of Finance said on Wednesday. That missed forecasts for a shortfall of 360.4 billion yen following the upwardly revised 294.1 billion yen deficit in September. Exports were up 3.1 percent on year at 9.426 trillion yen - exceeding expectations for an...
The Taiwan stock market has ventured higher in two of three trading days since the end of the four-day losing streak in which it had tumbled almost 850 points or 3.6 percent. The Taiwan Stock Exchange now rests just beneath the 22,850-point plateau and it may see additional support on Wednesday. The global forecast for...
Gajah Tunggal Tbk (GJTL), a tyre manufacturer known with brands like GT Radial and IRC, has signed a syndicated loan facility from several banks worth IDR 4.4 trillion. The credit facility consists of 2 tranches, with tenors set to 8 and 9 years each. Some of the banks assisting this syndicated loan are PT Bank...
JAKARTA – Stock performances of two out of three issuers debuting on Indonesia Stock Exchange on November 8, 2023, were seen improving as of last week (15/11). They are PT Ikapharmindo Putramas Tbk (IKPM)andPT Mastersystem Infotama Tbk (MSTI). Based on the compiled data by IDNFinancials today (18/11), IKPM was reported increasing 67.27% to IDR 276...