JAKARTA. BUMA International, one of the subsidiaries ofPT Delta Dunia Makmur Tbk (DOID), will take over 51% of Dawson Complex, a coal mining company based in Queensland, Australia. The acquisition value of this metallurgical coal mine is proposed at USD 455 million, consisting of USD 355 million of advance payment and USD 100 million of...
JAKARTA - PT Bank Negara Indonesia (Persero) Tbk or BNI has again won the highest title of The Best Overall in Corporate Governance at the 15th IICD Corporate Governance Conference & Award 2024 in the category of Public Companies with the Largest Market Capitalization (Big Cap Public Listed Company), after BNI received the same award...
Unilever Indonesia Tbk (UNVR), the biggest Fast Moving Consumer Goods (FMCG) company in Indonesia, will transfer its ice cream business line to PT The Magnum Ice Cream Indonesia (TMCI). Padwestiana Kristanti, Corporate Secretary of UNVR, mentioned that the company had signed a business line transfer agreement on November 22, 2024, with TMCI. TMCI was an...
JAKARTA -PT Chandra Asri Pacific Tbk (TPIA) grows optimistic regarding its business continuation following the successful extension of Industrial National Vital Object (OVNI) status conferred to its petrochemical factory in Ciwandan, Cilegon, Banten. The OVNI status was granted for this factory, spanning 115.35 hectares (Ha), for at least another 5 years until 2029. Suryandi, Director...
JAKARTA - PT Unilever Indonesia Tbk (UNVR) will sell its ice cream business line to PT The Magnum Ice Cream Indonesia worth IDR 7 trillion. The signing of this business transfer agreement took place last week (22/11). Padwestiana Kristanti, Corporate Secretary of UNVR said that the company and The Magnum are affiliated under the ownership...
JAKARTA – PT Waskita Karya (Persero) Tbk (WSKT) recorded new contract values (NKB) of only IDR 6.8 trillion by the end of October 2024 (10M), still far from its annual target of IDR 14.5 trillion. Despite this, management remains optimistic about achieving the target by December 2024. There have been tender announcements postponed to November...
JAKARTA - More than 5.91 billion shares of PT Bank Sinarmas Tbk (BSIM) were added to the investors portfolio of PT Sinar Mas Multiartha Tbk on Thursday, November 21. Prior to the recent acquisition through PT Sinarmas Sekuritas, this investor had almost 30% of BSIMs shares; nevertheless, the investor now owns nearly 60% of the...
JAKARTA – Foreign investors have been increasingly reducing their holdings in PT Bank BTPN Syariah Tbk (BTPS) over the past week, following a significant drop in the stock price since the beginning of this year. According to data from .com, as of 1:46 PM WIB today (26/11), BTPS stock has plummeted 44.91%, or 750 points,...
JAKARTA - On Friday, November 22, an individual investor by the name of Hapsoro became a new investor in PT Sanurhasta Mitra Tbk (MINA), a property developer in Sanur, Bali. Through PT Trimegah Sekuritas Indonesia Tbk, around375.97 million MINA shares were acquired, giving this investor about 5.73% of the shares. Additionally, Yulisar Khiat continued to...
JAKARTA. Shares of PT Bumi Resources Minerals Tbk (BRMS) attracted the attention of foreign investors, following the announcement of the results of the rebalancing of the MSCI Indonesia Small Cap Index for November 25, 2024 yesterday. In this rebalancing, PT Bumi Resources Tbk (BUMI) and BRMS were retained as index constituents. This was said by...