JAKARTA -PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) recorded net profit of IDR 778.11 billion in Q3 2024, up 33% year-on-year (yoy) from IDR 586.57 billion seen in Q3 2023. This profit surge resulted from increased sales, optimised cost efficiency, as well as implementation of risk management amidst uncertain global condition. In the...
JAKARTA. PT Mitra Investindo Tbk (MITI) announced the establishment of a new subsidiary called PT Karana Mitra Logistik (KML). Ignatius Edy Suhardaya, Director of Finance at MITI, said that KML was founded through one of the companys subsidiaries, namely PT Pelayaran Karana Line (PKL). KML was founded with authorized capital of IDR 10 billion, and...
JAKARTA. PT MD Entertainment Tbk (FILM) will hold a capital increase without pre-emptive rights (PMTHMETD) or a private placement of 216,332,660 shares, all of which will be taken up by PT Samuel International. With the issuance of these new shares, FILMs total issued and paid-up capital will increase to 9.72 billion shares. Previously, the companys...
JAKARTA. PT Newport Marine Services Tbk (BOAT), a company which operates in the field of chartering vessels for the needs of the oil and gas (oil and gas) industry, will offer as many as 1 billion shares through an Initial Public Offering (IPO) on the Indonesia Stock Exchange (BEI). The number of shares offered by...
Bakrie & Brothers Tbk (BNBR), a holding company under Bakrie Group, is scheduling a capital increase without pre-emptive rights of 13.35 billion shares. The number of shares to be issued by BNBR is equal to 7.70% of BNBR’s issued and paid-up capital. In the official statement, the management of BNBR mentioned that this capital increase...
JAKARTA. Financial Services Authority (OJK) has revoked business license of PT Investree Radika Jaya, a company that manages the fintech Investree. This license revocation follows the news regarding Adrian Asharyanto Gunadi, Co-Founder and CEO of Investree, who has reportedly fled the country. So far, OJK has conducted a Re-Assessment for Main Parties over Gunadi. However,...
JAKARTA -PT Medco Energi Internasional Tbk (MEDC)has concluded the buyback of two senior bonds maturing in 2026 and 2027. The settlement of this tender will then reduce the company’s obligations. Siendy K. Wisandana, Corporate Secretary of MEDC, mentioned that the company has repurchased the senior bonds issued by Medco Oak Tree Pte Ltd and Medco...
JAKARTA -PT Jaya Agra Wattie Tbk (JAWA), a processed tobacco manufacturer, has secured a loan worth IDR 1.25 trillion from its shareholder, PT Sarana Agro Investama (SAI). This affiliate transaction is projected to lower interest expenses borne by JAWA by 34-100%. Harli Wijayadi, Corporate Secretary of JAWA, mentioned that the transaction is decided after considering...
JAKARTA. PT Adiwarna Anugerah Abadi Tbk (NAIK), a trading and fire protection system service company, will issue 750 million of its shares in an initial public offering (IPO) in Indonesia Stock Exchange. The number of shares to be offered by NAIK is equal to 23.08% of its issued and paid-up capital. Each share has value...
JAKARTA. The amount of incoming bids for the last auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk last Tuesday (22/10) reportedly reached IDR 17.47 trillion. There were 7 series of state sukuk offered in the auction, consisting of 2 series of Sharia Government Treasury Notes (lit. Surat Perbendaharaan Negara –...