JAKARTA - The movement of the Composite Stock Price Index (IHSG) crept up from the early trading session until midday at 12.00 WIB. The momentum for strengthening this Index coincides with the provision of ministerial and deputy ministerial candidates Prabowo Subianto, President-elect in the 2024 presidential election in Hambalang, Bogor. In the morning, the JCI...
JAKARTA. The Indonesian government once again will hold an auction of Government Sharia Securities (SBSN) or government sukuk on Tuesday, 22 October, 2024. There are 7 series of state sukuk that will be offered in the auction, according to information from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance....
JAKARTA. The Indonesian Securities Rating Agency (Pefindo) has lowered the rating of PT PP Properti Tbk (PPRO) on Wednesday (16/10) to idSD (Selective Default) due to the status of default on its obligations. Apart from that, Pefindo also lowered the rating of Shelf Registration Bonds II Phase IV to idD. Previously, this debt security received...
JAKARTA - Indonesias trade balance during January-September 2024 fell 20.71% compared to the same period in 2023. The decline in the trade balance was due to an increase in the deficit in the oil and gas sector and a decline in the non-oil and gas sector. Data from the Central Statistics Agency (BPS) quoted Thursday...
JAKARTA - PT Adaro Energy Indonesia Tbk (ADRO) will divest a maximum of 7 billion shares in PT Adaro Andalan Indonesia (AAI) to its shareholders (Public Offering by Shareholders/PUPS). This issuer will offer its shares in AAI to shareholders registered in the Shareholders Register (DPS) as of November 27, 2024. In an information disclosure quoted...
JAKARTA - PT Sekar Laut Tbk (SKLT), a food and beverage manufacturer best known for its Finna brand, welcomed four new investors on Thursday, October 10. The four investors purchased 451.82 million SKLT shares, or 6.54% of the total, through PT Henan Putihrai Sekuritas. The four investors are PT Sentra Dinamika Persada, PT Eswhuang, PT...
JAKARTA - Bank of Singapore Limited, a foreign investor, acquired 293.77 million shares of PT Bank Amar Indonesia Tbk (AMAR) on Friday, October 11, bringing the total number of shares to 1.90 billion. The purchase of shares viaCitibank, N.A. instantly increased theBank of Singapores ownership stake in thisdigital bank from 8.78% to 10.38%. Additionally, with...
JAKARTA - Foreign investors upped their share-buying activities on Monday, October 14, totaling 4.69 billion shares. The digital corporation PT GoTo Gojek Tokopedia Tbk (GOTO) had the largest share bought for around 47% of the overall foreign purchase volume, or 2.23 billion shares, with a net volume of 373.02 million shares. The foreign sales volume...
JAKARTA. PT MD Entertainment Tbk (FILM), a film production company, has reportedly signed a loan agreement with PT Bank Mandiri (Persero) Tbk (BMRI) with total principal worth IDR 794.75 billion. The facility consists of 2 terms, Tranche 1 of IDR 529.5 billion, and Tranche 2 of IDR 265.25 billion. The tenor set for FILM by...
JAKARTA. The Indonesian Securities Rating Agency (Pefindo) has confirmed the idSD or Selective Default rating for PT Waskita Karya (Persero) Tbk (WSKT), following the companys financial profile which has not improved. In its official statement a few days ago, Pefindo also confirmed that the rating for WSKTs Phase IV Shelf Registration Bonds was at an...