JAKARTA – Despite the normalisation of coal mining industry after sudden surge in commodity price in the past couple of years, PT United Tractors Tbk (UNTR), Astra Group entity in the distribution of heavy equipment for mining, gains confidence and revises the projection of Komatsu sales to 4500 units. “I can say that our outlook...
JAKARTA. PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT Delta Dunia Makmur Tbk (DOID), is offering Bond II Year 2024 with total principal of IDR 1 trillion. Indra Kanoena, President Director of BUMA, mentioned that prior to this, the company had issued its first phase bond in 2023. “The issuance of Bond II...
JAKARTA – PT United Tractors Tbk (UNTR), an issuer engaged in the mining industry, reasserts its intention to no longer expand its coal mining business and instead direct its focus on diversification to mineral mining and investment in new and renewable energy (NRE). Confirmed by Sara K. Loebis, Corporate Secretary of UNTR, when met at...
JAKARTA - Anindya Novyan Bakrie was appointed as the General Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin) as a result of the Extraordinary Conference (Munaslub) last weekend (14/9). The following are companies in the capital market where Anindya Novyan Bakrie is included in the board of directors and board of commissioners. Based...
JAKARTA - PT Kaltim Prima Coal (KPC), a subsidiary of PT Bumi Resources Tbk (BUMI) is reportedly looking for partners to work on a coal downstream project. As quoted from Kontan.co.id on Wednesday (18/9), Surya Herjuna, Director of Coal Business Development at the Ministry of Energy and Mineral Resources (ESDM) said that a new cooperation...
JAKARTA – PT Astra International Tbk (ASII) will compete with electric vehicle (EV) players from China, which have already been circulating in Indonesia. Until the first semester of 2024, the EV market reached 9.3% of Astras total four-wheeled vehicle sales, up from 7% at the end of 2023. According to Tira Ardianti, Head of Corporate...
JAKARTA - The Composite Stock Price Index (IHSG) was at 7,829.14 at the closing bell on Wednesday (18/9). The Indexs rate has been moving down since the opening bell at 09.00 WIB. Monitored until the close of stock transactions, the movement of IHSG at the opening of stock transactions had reached 7,873.39. However, approaching the...
JAKARTA. PT Sarana Menara Nusantara Tbk (TOWR) plans to conduct a capital raise with preemptive rights, also known as rights issue, to collect fresh funds of up to IDR 9 trillion. This corporate action will be held by TOWR after obtaining approval from Extraordinary General Meeting of Shareholders, which is scheduled to take place on...
JAKARTA. PT Industri dan Perdagangan Bintraco Dharma Tbk (CARS) has increased capital investment in PT Sarana Bangun Raharja (SBR), a subsidiary engaged in the automotive sector. Lina M. Ibrahim, Corporate Secretary of CARS, said that this additional capital investment is allocated through PT Bangun Rahmat Sejahtera (BRS). For the record, BRS is a subsidiary directly...
JAKARTA.PT Perusahaan Gas Negara Tbk (PGAS)has reportedly collaborated with PT ITDC Nusantara Utilitas (INU), a subsidiary of InJourney Tourism Development Corporation, to develop a gas network in tourism sector. Ratih Esti Prihatini, Director of Commercial of PGAS, mentioned that this partnership is the first step to fulfil the target of gas network construction target. “Hopefully,...