Alfamart to close loss-making outlets

Sumber Alfaria Trijaya Tbk (AMRT), the managing company of Alfamart and Alfamidi retail network, has closed down approximately 400 outlets since the beginning of this year due to their unprofitability. According to Solihin, Corporate Director of AMRT, this decision took place as some of these outlets failed to book profit as they were expected to....

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Performance improving, BBRI’s interim dividend is 60.7% higher this year

JAKARTA – Interim dividend ofPT Bank Rakyat Indonesia (Persero) Tbk (BBRI)increases 60.7% year-on-year (yoy) this year compared to 2023. This increase further boosts this state-owned bank’s stock in the board this morning (16/12). Based on data compiled by IDNFinancials, BBRI allocates interim dividend of a maximum of IDR 20.46 trillion or IDR 135 per share,...

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Hotel Candi Baru now owns 59.5% of Sido Muncul (SIDO) after acquiring 5.25 billion shares

JAKARTA - PT Hotel Candi Baru purchased an additional 5.25 billion shares ofPT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)on Tuesday, December 10. With a share portion of 59.5%, the investors total shares in this top herbal medicine manufacturer issuer also rose to 17.85 billion. PT Mandiri Sekuritas was employed to execute thepurchase. Still...

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Sight Investment purchases 1.04 billion shares of Siloam Hospital (SILO), strengthening control to 63%

JAKARTA -Sight Investment Company Pte Limited, a foreign investor, increased its holdings ofPT Siloam International Hospitals Tbk (SILO)by 1.04 billion shares on Wednesday, December 11. With this most recent acquisition, the investors ownership inSILOshares has increased to 63.44% from its previous 55.4%.SILOshares are engaged ina private hospital network in Indonesia that provides health services. Additionally,...

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