JAKARTA - PT Biomassa Lestari Nusantara (BLN), a joint venture between PT Dharma Energi Investama, a subsidiary of PT Dharma Satya Nusantara Tbk (DSNG) and PT Sumitomo Forestry Indonesia, a subsidiary of Sumitomo Forestry Co. Ltd, conducted a trial operation of the first wood pellet factory in Boyolali, Central Java. Andrianto Oetomo, President Director of...
JAKARTA. The Indonesian government once again will hold an auction of State Sharia Securities (SBSN) or State Sukuk on Tuesday (24/9) next week, with an indicative target of IDR 8 trillion. There are 7 series of state sukuk that will be offered in the auction, according to an official statement from the Directorate General of...
JAKARTA - On Wednesday, September 18, PT Barito Pacific Tbk, the company that owns nearly 20% of the shares of PT Chandra Asri Pacific Tbk (TPIA), released 8 billion shares of this petrochemical processing and manufacturing company. Barito Pacifics share portion fell by nearly half to 10.62% as soon as shares were sold through PT...
JAKARTA. The share price of PT Barito Renewables Energy Tbk (BREN) fell 19.95% to IDR8,825 per share at the start of trading today. The plunge in BRENs share price followed news of the removal of BREN shares from the FTSE Russel index. For the record, FTSE Russel is an index on the London Stock Exchange...
JAKARTA - Shareholders of PT Goto Gojek Tokopedia Tbk (GOTO) have appointed William Xiong as Chief Technology Officer (CTO). Williams presence at GOTO strengthens Alibaba Groups commitment to investing in this largest marketplace company. Patrick Walujo, Chief Executive Officer (CEO) of GOTO expressed his appreciation for Williams joining as GOTOs CTO. We welcome William as...
The Taiwan stock market has moved higher in four straight sessions, collecting almost 775 points or 3.5 percent along the way. The Taiwan Stock Exchange now sits just above the 22,430-point plateau and its expected to open to the upside again on Wednesday. The global forecast for the Asian markets is positive on continued optimism...
The China stock market has tracked higher in five straight sessions, advancing more than 150 points or 5.8 percent along the way. The Shanghai Composite now sits just above the 2,860-point plateau although its due for profit taking on Wednesday. The global forecast for the Asian markets is positive on continued optimism over the outlook...
The Hong Kong stock market moved emphatically back to the upside on Tuesday, one day after snapping the six-day winning streak in which it had surged more than 1,150 points or 6.4 percent. The Hang Seng Index now sits just above the 19,000-point plateau although its expected to see a downward correction following Tuesdays rally...
German stocks traded lower on Wednesday as the initial euphoria over Chinas sweeping stimulus measures faded. Earlier today, Swedens central bank cut its key interest rate by a quarter point and said it envisioned another two cuts this year. The benchmark DAX was down 77 points, or 0.4 percent, at 18,920 after climbing 0.8 percent...
French stocks edged lower on Wednesday after posting strong gains in the previous session on Chinas announcement of aggressive stimulus. Earlier today, Chinas central bank lowered the cost of its medium-term loans to bank, in a move consistent with other broad policy to shore up growth in the worlds second-largest economy. Meanwhile, French consumer sentiment...