JAKARTA – PT Indofood CBP Sukses Makmur Tbk (ICBP), the producer of Indomie, has clarified the decision by Australia to withdraw four Indomie products from the market in that country. Gideon A. Putro, Corporate Secretary of Indofood CBP, stated that the production process of Indofoods instant noodles complies with regulations from Indonesias National Agency of...
JAKARTA - On Wednesday, December 18, individual investor Hardi Wijaya Liong made the decision to purchase 837.58 million shares ofPT Provident Investasi Bersama Tbk. He became a new investor right away, holding 5.31% of the shares. Additionally, Winato Kartono, anotherPALMinvestor, purchased 252.71 million shares, increasing his ownership from 6.16% to 7.77%. The issuer is an...
JAKARTA – PT Hasnur Internasional Shipping Tbk (HAIS) is targeting a 5% increase in revenue and a 4% increase in net profit for 2025, fueled by the addition of new vessels to meet growing customer demand. Rengga Tumenggung, Corporate Secretary of HAIS, stated that the rise in revenue and profit will be supported by an...
JAKARTA – PT BPD Jawa Barat dan Banten Tbk (BJBR) has injected IDR 221.40 billion in capital into BPD Jambi as part of the development of its Bank Business Group (Kelompok Usaha Bank/KUB). Quoted on Friday (20/12), Nancy Adistyasari, BJBR’s Director of Commercial and SMEs, stated that the capital injection will have a positive impact...
JAKARTA - PT Sinar Mas Multiartha Tbk (SMMA) will issue Shelf Registration Bonds III Phase II 2025 worth IDR 800 billion on January 10-14, 2025. The majority of the proceeds from the issuance of these debt securities will be used to repay the bonds and the remainder as working capital. In the short prospectus quoted...
Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and...
UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline. Only 64,216 cars rolled off factory...
Russias central bank left its benchmark interest rate unchanged on Friday, confounding expectations for a sharp hike. The board of directors, led by Governor Elvira Nabiullina, retained the key interest rate at a record 21.00 percent. Markets anticipated a 200 basis-point rate hike. The bank has raised the key interest rate by 1,350 basis points...
Lower U.S. and Canadian futures, a sell-off in European markets and weak crude oil prices point to a negative start for the Canadian market on Friday. Fears of a U.S. government shutdown and tariff hike concerns may weigh as well. Canadian retail sales data and U.S. PCE reading are set to significantly impact sentiment. Canadian...
UK retail sales grew for the first time in three months in November but the pace of expansion was weaker than expected as consumers were cautious in the wake of governments first budget. A closely watched survey showed that retailers reported a moderate fall in retail sales in December despite festive season and they forecast...