JAKARTA -PT Pembangunan Perumahan (Persero) Tbk (PTPP) is targeting the Nusantara Capital City (IKN) Airport project to be completed at the end of this year. As of this week, the progress of runway construction has reached 2,200 m of total 3,000 m, equal to 73%. Yul Ari Pramuraharjo, Director of Infrastructure Operation of PTPP, said...
JAKARTA - PT RMK Investama made the decision to bolster its stake in coal logistics service provider PT RMK Energy Tbk (RMKE) on Tuesday, September 24. This investor previously owned about 25.14 percent of the shares; however, afteradding900 million shares through PT Ciptadana Sekuritas Asia, this investor now owns 45.71 percent of the shares and...
Bangun Karya Perkasa Jaya Tbk (KRYA), a building construction company, has acquired the contract of the construction of 7 units of warehouses for Mie Sedaap raw ingredient storage. Said contract is obtained from PT Karunia Alam Segar (KAS), a subsidiary of PT Wings Surya (Wings Group) that manufactures several instant food and beverage products. KRYA...
JAKARTA – Bank Indonesia (BI) and Bank Negara Malaysia (BNM) enable local currency exchange with total value amounting to a maximum of IDR 82 trillion or equal to MYR 24 billion throughout the next 5 years. This potential of local currency swap follows the renewal of the Local Currency Bilateral Swap Agreement (LCBSA) last Friday...
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day losing streak in which it had slumped more than 65 points or 1.8 percent. The Straits Times Index now sits just above the 3,575-point plateau and its likely to open under pressure...
Ahead of two days off because of Typhoon Krathon, the Taiwan stock market had ended the two-day slide in which it had dropped more than 630 points or 2.9 percent. The Taiwan Stock Exchange now rests just above the 22,390-point plateau and its looking at a soft start upon its return on Friday. The global...
The Indonesia stock market has moved lower in two straight sessions, dropping nearly 100 points or 1.3 percent along the way. The Jakarta Composite Index now rests just above the 7,540-point plateau and its expected to open in the red again on Friday. The global forecast for the Asian markets is fairly flat ahead of...
The Thai stock market has moved lower in consecutive trading days, stumbling more than 20 points or 1.3 percent in that span. The Stock Exchange of Thailand now sits just above the 1,440-point plateau and its tipped to see continued consolidation on Friday. The global forecast for the Asian markets is fairly flat ahead of...
Germanys construction sector activity contracted at the slowest pace in 16 months in September, survey results from S&P Global showed on Friday. The construction Purchasing Managers Index rose to 41.7 from 38.9 in the previous month. This was the highest since May 2023. However, the score remained below 50.0, indicating contraction. There were softer declines...
European stocks were seeing marginal gains on Friday amid concerns about a wider Middle East conflict and ahead of the all-important U.S. jobs report due later in the day that could shed additional light the health of the economy and rate outlook. The pan European STOXX 600 was up 0.1 percent at 516.96 after falling...