JAKARTA – Bank Indonesias (BI) decision to keep interest rates unchanged is expected to lead to a steady offloading trend in Indonesia’s stock market as the year comes to a close. According to Bella Ghassany, Investment Analyst at Indoasia Asset Management, BI maintained the interest rate at 6% yesterday, primarily to stabilize the value of...
JAKARTA – PT Sinergi Inti Andalan Prima Tbk (INET) is projecting revenue of IDR 42.02 billion for 2025, marking a 20% increase from the expected revenue of IDR 35.02 billion by the end of this year. Muhammad Arief, President Director of INET, expressed optimism about the companys revenue growth next year. This growth is supported...
JAKARTA – Honour Accord Limited (HAL) is set to acquire 80% of PT Aesler Grup International Tbk (RONY) from its two major shareholders, PT Nakula Investama Indonesia (NII) and PT Karimun Jawa Pratama (KJP). Amidst this plan, however, Indonesia Stock Exchange (IDX) authorities have temporarily suspended trading of RONY shares. In a press release issued...
JAKARTA – Modalku Group, a peer-to-peer (P2P) lending platform, has secured an investment of USD 25 million from Cool Japan Fund (CJF), equivalent to IDR 398 billion with an exchange rate of IDR 15,599 per USD 1. Kelvin Teo, Co-founder and Group CEO of Funding Societies | Modalku, expressed optimism that the digital financial services...
JAKARTA – PT Trans Bahtera Pioneer (TBP) will invest IDR 200 billion to purchase six sets of tugboats and barges. This plan is set to be realized within the first year following the joint venture agreement signed between PT Resources Alam Indonesia Tbk (KKGI) and PT Trans Power Marine Tbk (TPMA) on December 18, 2024....
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...