JAKARTA – PT Tanah Laut Tbk (INDX) has committed to contributing to the development of Indonesias palm sector through its palm downstream strategy. Dera Fresky, Corporate Secretary of INDX, highlighted that Indonesia is rich in palm resources. This potential, according to Dera, can be optimised to improve community welfare while delivering added value to shareholders....
JAKARTA – PT Garuda Indonesia (Persero) Tbk (GIAA) increased its ownership in PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) to 91.76% from 89.1% as of December 30, 2024. According to the disclosure cited on Wednesday (8/1), GIAA purchased 9.09 billion GMFI shares at Rp46 per share, amounting to a total transaction value of IDR...
JAKARTA – Indonesia has officially joined the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) after receiving approval from several members, with the announcement made by the Brazilian government on Monday (6/1). Indonesia shares with other BRICS members the support for reforming global governance institutions and contributing positively to deepening cooperation in the...
JAKARTA - PT Raharja Energy Cepu Tbk (RATU), a company engaged in the oil and gas sector, officially listed its shares on the Indonesia Stock Exchange (IDX), Wednesday (8/1). In the first trading session, RATU shares rose 24.78%, almost touching the upper auto rejection limit (ARA), to IDR 1,435 from the offering price of IDR...
JAKARTA - PT Kentanix Supra International Tbk (KSIX) officially listed its shares on the Indonesia Stock Exchange (IDX), Wednesday (8/1). President Director of PT Kentanix Supra International Tbk, Ferdinand Aryanto, said that around 61.5% of the proceeds from the IPO will be used as working capital for infrastructure development. ‘In addition, it will also be...
JAKARTA — The release of 713.16 million shares of PT Bumi Resources Minerals Tbk (BRMS) by foreign investor 1st Financial Company Limited was the focus of market hintson Monday, January 6, by investors who owned 5% or more of shares. ThroughDeutsche Bank AG, this investors stake in the mineral mining company dropped from 10.05% to...
JAKARTA – PT Satria Andalan Prima Tbk (SAPX) expressed its optimism in reaching revenues of up to IDR 800 billion this year, with a focus on corporate clients. “We are targeting revenue growth of 25-30% this year, aiming to achieve IDR 750-800 billion by 2025,” stated Denny Parhan, Corporate Secretary of SAPX, during a virtual...
JAKARTA – PT Asuransi Digital Bersama Tbk (YOII) officially listed its shares on the Indonesia Stock Exchange (IDX) on Wednesday (8/1), with its shares hitting the Upper Auto Reject (ARA) limit in early trading. YOII offered 412,087,500 shares through its Initial Public Offering (IPO) at Rp100 per share, raising a total of Rp41.2 billion. At...
JAKARTA – PT Bukit Asam Tbk (PTBA) reported its exploration activities for the fourth quarter (October-December 2024). The activities were carried out by PTBA’s internal team along with a third-party mining service contractor. Corporate Secretary of PTBA, Niko Chandra, explained that the exploration was conducted in the Tanjung Enim area using coring, open hole, and...
JAKARTA—On Wednesday, January 8, foreign investors did not engage in as many stock purchases and sales as they had the day before. Only about 2.50 billion shares were purchased, compared to 3.67 billion shares sold. At a net sell position of 1.16 billion shares, the netforeign concludedtoday as well. At the top of the list...