JAKARTA. Indonesia Stock Exchange (IDX) authority will modify the regulation in the stock market to increase the quality of listed companies, following the controversy of gratification for IPO, leading to contract termination of several employees. I Gede Nyoman Yetna, Director of Listing of IDX, mentioned that one of the adjustments from the stock exchange authority...
JAKARTA – Bank Indonesia (BI) reported an increase in forex reserves in August 2024 following a decline back in February 2024. This increase maintains a rebound trend of forex recorded since July 2024 at USD 145.4 billion. Erwin Haryono, Assistant Governor of Department of Communication of BI, said that forex reserves in August 2024 reached...
JAKARTA -PT Ancora Indonesia Resources Tbk (OKAS)obtains a loan facility with a maximum limit of IDR 150 billion from PT Bank Pan Indonesia Tbk (PNBN). The total credit facility is charged with an interest rate of 10% per annum (floating). Ahmad Zakky Habibie, Corporate Secretary of OKAS, mentioned that credit facility will be utilised for...
JAKARTA. The value of funds raised in the Indonesian capital market was recorded at IDR 135.25 trillion until August 2024, according to the Financial Services Authority (OJK). This accumulation includes funds raised by 28 new issuers who have held Initial Public Offerings (IPOs) since the beginning of the year. The emission value of all new...
JAKARTA - On Wednesday, September 4, PT Tudung Putra Putri Jaya released PT Garudafood Putra Putri Jaya Tbk (GOOD) shares once more, with a volume of 894.35 million shares. This investors stake in the food and beverage company has decreased to just 10% from its previous 12.42% of shares. However, Garudafood chairman and investor Sudhamek...
JAKARTA -PT Hartadinata Abadi Tbk (HRTA) will issue Shelf-Registration Bond I Year 2024 of IDR 1 trillion. The proceeds of this corporate action will be used to expand retail outlets for gold bars, as well as pay maturing bond principal. In the issued prospectus quoted Monday (9/9), the bond will be issued in series A...
JAKARTA. PT Golden Westindo Artajaya Tbk (GWAA), a shrimp and fish seeds’ feed wholesale company, will conduct its Initial Public Offering (IPO) in Indonesia Stock Exchange (IDX) by issuing 685.7 million shares. The number of shares issued by GWAA is equal to 30% of its issued and paid-up capital post-IPO. Each share has a face...
JAKARTA. PT Artha Kencana Rayatama (AKRT) has increased its portion in PT AKR Corporindo Tbk (AKRA)by acquiring 32.09 million shares. Haryanto Adikoesomo, President Director of AKRA, mentioned that this share purchase will bring AKRT’s portion in the company to 12.65 billion shares or equal to 63.05%. Prior to this, AKRT only recorded 12.62 billion shares...
JAKARTA. PT Angkasa Pura I and PT Angkasa Pura II have been officially merged together, becoming PT Angkasa Pura Indonesia (API). Budi Karya Sumadi, Minister of Transportation, mentioned that this merger is expected to give positive signal to aviation industry. “Reforming two major corporates in their comfort zones is not an easy task. With this...
JAKARTA – Jakarta Stock Price Composite Index (JCI) was still sluggish until 1.30 PM WIB since morning bell at 10 AM WIB today (9/9). Prior to this sluggish trend, JCI actually hit 7,731.12 at 9.10 AM WIB. Until 2 PM WIB, the index was also seen shifting to 7,674.98, higher than the starting line recorded...