JAKARTA -PT Trans Power Marine Tbk (TPMA)and PT Samudra Investama Maju (SIM) establish a joint venture in order to acquire 20 sets of tug and barge vessels, as well as 2 units of floating cranes, within the next three years. Rudy Sutiono, Director of TPMA, mentioned that the company will control 51% of the shares,...
Bank Pan Indonesia Tbk (PNIN), also known as Bank Panin, will issue Shelf-Registration Bond IV Phase II Year 2024 with total principal of IDR 3.91 trillion. The bond is a part of a more extensive public offering program of Shelf-Registration Bond IV of Bank Panin, with proceeds target set to IDR 15 trillion. Prior to...
Garuda Maintenance Facility Aero Asia Tbk (GMFI), a subsidiary of PT Garuda Indonesia Tbk (GIAA), will increase its capital with pre-emptive rights, also known as rights issue. The number of shares that will be issued by GMFI in this corporate action is 11.73 million shares, or qual to 41.57% of total issued and paid-up capital...
JAKARTA -PT Sarana Mitra Luas Tbk (SMIL) has gained approval from shareholders to seek new credit facilities or extend its existing credit facilities. This was announced by Hadi Suhermin, President Director of SMIL, as quoted in the minutes of Extraordinary General Meeting of Shareholder today (9/9). “Shareholders gave approval to the board of directors to...
JAKARTA. PT MSIG Life Insurance Indonesia Tbk (LIFE), a life insurance company, will initiate a spin-off of its sharia business unit. Leony Samosir, Corporate Secretary of LIFE, said that the plan had been approved by Financial Services Authority (OJK) on July 5, 2024. For next, the company will apply for business license for a new...
JAKARTA - Three private investors increased their holdings in PT Garudafood Putra Putri Jaya Tbk, a manufacturer of food and beverage products, on Tuesday, September 3. The first of the three investors, Pangayoman Adi Soenjoto, increased hisportion to 8.54% by purchasing an additional 418.57 million shares of GOOD. The other two investors are also members...
JAKARTA – Jakarta Stock Price Composite Index (JCI) slowed down and arrived at 7,688.17 nearing the closing of today’s (5/9) session. It is lower than 7,714.08 recorded in the morning session today. As monitored at the end of the closing bell, the afternoon session saw JCI fluctuating in the green zone. JCI even hit 7,712.83...
JAKARTA. PT Info Media Digital (IMD), a digital business line under PT Tempo Inti Media Tbk (TMPO), has secured funding from Media Development Investment Fund (MDIF). Jajang Jamaludin, Corporate Secretary of TMPO, mentioned that the funding received by the company is through Convertible Performance Debenture (CPD). “This convertible bond has a maturity date on December...
JAKARTA – PT Bank Rakyat Indonesia (Persero) Tbk or BRI will continue to distribute dividends with an optimal dividend payout ratio, as the companys capital is still deemed solid. This was stated by BRI President Director, Sunarso, at the Public Expose Live 2024 event in Jakarta (29/08). Sunarso said that BRI has additional capital of...
JAKARTA -PT Bayan Resources Tbk (BYAN) and its subsidiary, PT Bayan Energy (BE), is acquiring the entire shares of PT Berau Utama Berkatsetia (BUB) in PT Enggang Alam Sawita (EAS) for IDR 105.14 billion. BYAN and EAS actually had a history regarding joint land utilisation. Jenny Quantero, Director of BYAN, said that EAS’s plantation area...