Bank of Singapore increases ownership in Bank Amar (AMAR) and Buana Finance (BBLD)

JAKARTA - Bank of Singapore Limited, a foreign investor, acquired 293.77 million shares of PT Bank Amar Indonesia Tbk (AMAR) on Friday, October 11, bringing the total number of shares to 1.90 billion. The purchase of shares viaCitibank, N.A. instantly increased theBank of Singapores ownership stake in thisdigital bank from 8.78% to 10.38%. Additionally, with...

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Foreign share purchases surges, net foreign volume surplus at 497.49 million shares

JAKARTA - Foreign investors upped their share-buying activities on Monday, October 14, totaling 4.69 billion shares. The digital corporation PT GoTo Gojek Tokopedia Tbk (GOTO) had the largest share bought for around 47% of the overall foreign purchase volume, or 2.23 billion shares, with a net volume of 373.02 million shares. The foreign sales volume...

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KLBF strengthens prescription drug business by inaugurating radioisotope factory

JAKARTA. PT Kalbe Farma Tbk (KLBF), an issuer operating in the pharmaceutical sector, has inaugurated the construction of a radioisotope factory, which produces Fludeoxyglucose (FGD) for early detection of cancer. Maria Teresa Fabiola, Corporate Secretary of KLBF, said that the factory is under the companys subsidiary, namely PT Global Onkolab Farma (GOF). The existence of...

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Link Net pockets additional credit facilities of IDR 1 trillion from Deutsche Bank

JAKARTA. PT Link Net Tbk (LINK), a telecommunications services company controlled by Axiata Group, has signed a credit facility agreement with Deutsche Bank AG. Rininta Agustina Widya Pratika, Corporate Secretary of LINK, said that with this agreement, the company obtained additional credit facilities of IDR 1 trillion. So the total credit facility [from Deutsche Bank]...

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