JAKARTA – PT Waskita Karya (Persero) Tbk (WSKT), a state-owned construction company, has decided to refocus its business strategy on its core operations: construction services, particularly in building, dam and irrigation projects, as well as roads and bridges. According to management, this is part of the company’s effort to improve its financial performance. During WSKT’s...
JAKARTA - Foreign investors stock buying and selling activities on Monday, November 25, set a record high, with a total of 10.24 billion shares purchased and 11.91 billion shares sold. As a result, net foreign volume dropped to -1.66 billion shares. On the top buy list, 64.04 million shares of natural gas company PT Perusahaan...
JAKARTA - Modalku, a fintech P2P lending platform, recorded total crowdfunding of IDR 65.15 trillion until November 2024. The funds were realized in five countries, namely, Singapore, Malaysia, Indonesia, Thailand and Vietnam. Quoted from the Modalku.co.id website, Tuesday (26/11), the realization of funding in November 2024 grew by IDR 1.28 trillion compared to the end...
Sumber Global Energy Tbk (SGER), a coal mining company, has obtained a contract of coal supply to Vietnam of 500,000 metric tons (MT). Michael Harold, Corporate Secretary of SGER, confirmed that the agreement was made with Power Generation Corporation (PGC) as the buyer, and Duyen Hai Thermal Power Company (DHTP) as the seller representative. The...
JAKARTA – PT Trimegah Bangun Persada Tbk (NCKL), commonly known as Harita Nickel, recorded a 17.8% year-on-year (yoy) revenue increase, reaching Rp20.4 trillion as of September 2024. This rise is seemingly attributed to the addition of a production line at NCKLs High-Pressure Acid Leach (HPAL) facility in August 2024. In fact, the nickel processing line...
JAKARTA - PT KB Finansia Multi Finance, the managing company of Kredit Plus, is offering Shelf-Registration Bond I Phase I Year 2024 of IDR 500 billion starting from yesterday (21/11) until next week (3/2). The proceeds of this bond issuance will be allocated to expand financing capacity for its users. In the short prospectus quoted...
JAKARTA - After purchasing 1.91 billion shares of property developer PT Modernland Realty Tbk (MDLN) the day before, PT Honoris Corporindo Pratama instead transferred these shares to PT Panin Sekuritas Tbk on Wednesday, November 20. At last, this new investor nowowns15.29% of MDLNs shares, compared to Honoriss 13.6% shareholding. The securities of PT Panin Sekuritas...
JAKARTA - PT Bank Negara Indonesia (Persero) Tbk or BNI has again won the Gold Rank award in the 2024 Asia Sustainability Report Rating (ASRRAT) event organized by the National Center for Corporate Reporting (NCCR). BNI Corporate Secretary Okki Rushartomo said that this is the 4th year the company has won the Gold Rank in...
JAKARTA – Shareholders of PT Cikarang Listrindo Tbk (POWR) have agreed upon the issuance of Notes in a foreign currency worth USD 500 million. This corporate action is expected to improve cash ratio of the company. Ko Rina, Investor Relation & Corporate Finance Manager of POWR, mentioned that the yield attached to the upcoming notes...
JAKARTA -PT Waskita Beton Precast Tbk (WSBP) has been concluding debt-to-equity swap with 9 creditors via private placement phase III last Wednesday (20/11). This debt settlement was carried out following the peace agreement homologated by Commercial Court of Central Jakarta on June 28, 2022. Quoted today (25/11), Fandy Dewanto, Corporate Secretary of WSBP, mentioned that...