Erajaya Swasembada Tbk (ERAA), a retailer specialised in telecommunication devices, has formed another joint venture (JV) through one of its subsidiaries, PT Era Sukses Abadi (ESA). The JV was established by ESA alongside PT Perjuangan Anak Muda (PAM). This new enterprise is called PT Mitra Belanja Selalu (MBS), serving as a holding company and other...
JAKARTA. Total incoming bids reported in the last round of Government Securities (lit. Surat Utang Negara/SUN) auction yesterday (29/10) hit IDR 29.58 trillion, according to the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 8 series of SUN offered in said auction, consisting of 2 series of State...
JAKARTA - Indonesia Stock Exchange (IDX) lists 10 issuers with the highest number of shares in the stock exchange as of October 29, 2024. Interestingly, the number of shares does not always in line with market capitalisation, as the list shows that the shares value may vary. Based on IDX data compiled by IDNFinancials today...
JAKARTA – Even though PT Dharma Satya Nusantara Tbk (DSNG)s palm oil fresh fruit bunches (FFB) production decreased by 5.1% year-on-year (yoy), the companys revenue and net profit actually increased, supported by rising selling prices and falling fertilizer prices. Based on the Q3 2024 Financial Report quoted today (30/10), DNSG recorded a 9% yoy increase...
Bukalapak.com Tbk (BUKA), an e-commerce company debuted on Indonesia Stock Exchange (IDX) in 2021, will close down some of its business lines to restructure the company. Cut Fika Lutfi, Corporate Secretary of BUKA, mentioned that the plan had been discussed by the board of directors and commissioners on August 30, and approved independently by the...
JAKARTA – Indonesia Stock Exchange (IDX) authorities have begun the major evaluations for six indices, effective from November 1, 2024 until January 31, 2025. It also evaluated 10 other indices in a minor scale. Based on the data compiled by IDNFinancials today (30/10), 6 indices that undergo major evaluations include IDX30, LQ45, IDX80, Bisnis-27, MNC36,...
JAKARTA -PT Garuda Maintenance Facility Aero Asia Tbk (GMFI)to officially hold a rights issue of 11.73 billion shares or equal to a maximum of 41.7% of total issued and paid-up capital. Total votes that have agreed upon this corporate action represent 25.45 billion shares or 99.99% of 25.45 billion shares attending the Extraordinary General Meeting...
Rukun Raharja Tbk (RAJA) and one of its subsidiaries, PT Triguna Internusa Pratama (TIP), has signed a credit facility agreement from PT Bank Mandiri (Persero) Tbk (BMRI) worth over USD 44.8 million. Yuni Pattinasarani, Corporate Secretary of RAJA, said that there are 2 credit facilities received from BMRI, consisting of a term loan with limit...
JAKARTA - The majority stake in PT Lima Dua Lima Tiga Tbk (LUCY), held by PT Delta Wibawa Bersama, increased by over 130.02 million shares on Thursday, October 24. This controller raised its position from 49.5% to 58.09% through the transaction through PT BCA Sekuritas.Lucy in the Skyis a rooftop bar located in Jakartas Sudirman...
Aneka Tambang Tbk (ANTM) or Antam has formed a strategic partnership with PT Perusahaan Listrik Negara (PLN) to provide an electricity supply of 150 megavolt ampere (MVA) for the ferronickel smelting facility of Antam in Pomalaa, Kolaka, Southeast Sulawesi. This collaboration will also allow Antam to transition from fossil-fuel power plant to a more greener...