Esta Indonesia Tbk (NEST), a swallow farm company, has provided extra capital to one of its subsidiaries, PT Tunas Esta Indonesia (TEI). Aulia Desy Deria, Corporate Secretary of NEST, confirmed that this extra capital investment channelled to TEI is IDR 6 billion. This will boost TEI’s issued and paid-up capital to IDR 9.5 billion from...
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...
JAKARTA -PT BPD Jawa Timur Tbk (BJTM) scored IDR 620.86 billion of profit in the first half (H1) of 2024, 13.78% year-on-year (yoy) lower from IDR 720.14 billion seen in the same period last year. This decline resulted from increased operational costs. Based on Financial Report of H1 2024 quoted Friday (27/9), gross interest and...
JAKARTA. Indonesia Stock Exchange (IDX) authorities reveals that 30 issuers have entered the pipeline for Initial Public Offering (IPO), and another 11 are lining up for rights issue as of September 20, 2024. Then, 11 out of 30 companies in IPO pipeline reportedly owned jumbo assets amounting to over IDR 250 billion. Most of them...
Selamat Sempurna Tbk (SMSM), an automotive spare part manufacturer, announces dividend income recorded from one of its subsidiaries in Malaysia, Bradke Synergies Sdn Bhd. Lidiana Widjojo, Corporate Secretary of SMSM, confirmed that the dividend received by the company amounts to MYR 2.2 million, which equals IDR 8.06 billion, using currency exchange rate of IDR 3,661.65...
JAKARTA - On Thursday, September 19, the general insurance company PT Lippo General Insurance Tbk (LPGI) conducted a 1:10 stock split. The corporate actions effect: Three large LPGI investors reported a big change intheir share portions onthe market hints. First, from 178.39 million shares to 1.78 billion shares, PT Hanwha Life Insurance Indonesia, the controller...
Pelayaran Kurnia Lautan Semesta Tbk (KLAS), a logistics and delivery company, will initiate a stock dividend and bonus shares distribution. The management of KLAS will ask for approval from its shareholders during Extraordinary General Meeting of Shareholders set to take place on October 31, 2024. The stock dividend that will be distributed by KLAS will...