JAKARTA – The State Ministry of State-Owned Enterprise (SOE) has appointed Simon Aloysius Mantiri as President Director of PT Pertamina (Persero), replacing Nicke Widyawati. Prior to this, Mantiri used to be the President Commissioner of Pertamina. Vice President Corporate Communication of Pertamina then mentioned that the appointment and termination of President Director and the Board...
JAKARTA – Loan and financing distribution ofPT Bank Rakyat Indonesia (Persero) Tbk (BBRI) reportedly grew 8.2% year-on-year (yoy) to IDR 1.35 quadrillion as of September (9M) 2024 from IDR 1.25 quadrillion in 9M 2023. Non-performing loan (NPL) also shrank below 3%. Quoted from Financial Update of BRI today (4/11), the credit structure until Q3 2024...
JAKARTA - This November, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), a state-owned bank, is the first issuer to settle its bond debt. Obligasi Berkelanjutan III Bank BRI Tahap I Tahun 2019 Seri C, worth an incredible IDR 2.17 trillion, will be paid to investors by BRI on November 7. Additionally, this marks the biggest...
JAKARTA - The Central Statistics Agency (BPS) recorded inflation in October 2024 at 1.71%, lower than October 2024 at 2.56%. In the last three years, this inflation achievement is lower than inflation in October 2022 at around 5.71%. Based on BPS data quoted Monday (4/11), annual inflation was contributed by a number of expenditure groups,...
JAKARTA – PT Trinitan Green Energy Minerals (TGEM) has decided to sell the shares of its subsidiary, PT Hydortech Metal Indonesia (HMI), in PT Gostal Nickel Indonesia (GNI) to TGEM Pt Ltd Singapore for IDR 15.70 billion last week (31/10). For the record, TGEM is a subsidiary ofPT Trinitan Metals and Minerals Tbk (PURE). In...
Daaz Bara Lestari Tbk (DAAZ), a wholesale trading company specialised in metal ores and a holding company, has set the initial public offering (IPO) price to IDR 900 per share. The offering price was at the upper limit set by DAAZ during book building, from IDR 835 to IDR 900 per share. With this price,...
JAKARTA – Penfabric Sdn Berhad is allocating IDR 28.88 billion for the tender offer of 72.22 million shares ofPT Century Textile Industry Tbk (CNTX) that took place earlier today (4/11). The number of shares offered in said corporate action is equal to 36.11% of its issued and paid-up capital. In the prospectus quoted Monday (4/11),...
Pelayaran Kurnia Lautan Semesta Tbk (KLAS), a logistics and shipping company, will distribute stock dividend with a ratio set to 12:1. Novi Susanti, Director of KLAS, mentioned that the corporate action had obtained approval from General Meeting of Shareholders on October 31, 2024. Total stock dividend is then set to IDR 51.96 billion, or equal...
JAKARTA -PT Avia Avian Tbk (AVIA), a paint manufacturer, booked net profit of IDR 1.16 trillion in Q3 2024, up from IDR 1.14 trillion seen in the same period in 2023. The profit growth is in line with the year-on-year (yoy) revenue increase. Based on Financial Report of Q3 2024 quoted Thursday (31/10), AVIA booked...
Pantai Indah Kapuk Dua Tbk (PANI), the developer of Pantai Indah Kapuk (PIK), booked net profit of 487 billion within the first nine months (9M) of 2024. Said number increased 91% year-on-year (yoy) compared from the net profit recorded in the same period last year. According to the recently released financial report, PANI’s net profit...