Pinago Utama Tbk (PNGO), a company in the integrated palm and rubber plantation industry, signed investment credit facility agreement worth IDR 170 billion from PT Bank Mandiri (Persero) Tbk (BMRI). Meli Tantri, Director of PNGO, mentioned that this credit facility will boost its cash flow. “It then affects the business sustainability of the company,” she...
JAKARTA - Sugiman Halim, an independent investor, made the decision to simultaneously invest in two issuers on Friday, November 15. He now owns 6.09% of the shares in PT Newport Marine Services Tbk (BOAT), a business that rents out offshore vessels. Around 213.39 million BOAT shares were purportedly purchasedvia PT BRI Danareksa Sekuritas. Additionally, through...
JAKARTA – Shareholders of PT TBS Energi Utama Tbk (TOBA) agreed upon the plan to restructure its subsidiaries, PT Toba Bara Energi (TBE), PT Gorontalo Listrik Perdana (GLP), dan PT Minahasa Cahaya Lestari (MCL). In the minutes of General Meeting of Independent Shareholders (GMIS) quoted Tuesday (19/11), TOBA is said to divest all shares and...
MD Entertainment Tbk (FILM) has provided guarantee in the form of deposit for loan facilities received by its subsidiaries. The deposit balance in question is worth IDR 28.5 billion. This deposit guarantee is given to PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) as the creditor. Some of the subsidiaries that receive these loan facilities include...
JAKARTA – PT Indika Energy Tbk (INDY) is still grappling with challenges in its non-coal business diversification as of the first nine months (9M) of 2024. The divestment of PT Multi Tambang Jaya Utama (MUTU) and a decline in coal prices have caused INDY’s revenue to drop 22.4% year-on-year (yoy) in 9M 2024. As part...
JAKARTA – PT Transcoal Pacific Tbk (TCPI) has set aside IDR 700 billion in capital expenditure (CapEx) for 2025 to expand its fleet of vessels. As of 2023, TCPI owns 165 ships and operates a total of 267 vessels, including tugboats and barges, as well as floating cranes and mother vessels. During the company’s Public...
JAKARTA -PT Surya Biru Murni Acetylene Tbk (SBMA) will expand its market reach by building gas-filling stations in Sulawesi in 2025. Until this year, SBMA manage 6 filling stations in 6 cities in Kalimantan. Rini Dwiyanti, President Director of SBMA, confirmed that the company will build some filling stations in Kalimantan and Sulawesi. “This step...
JAKARTA. PT Adaro Andalan Indonesia Tbk (AADI), a subsidiary of PT Adaro Energy Indonesia Tbk (ADRO) that will make its debut on Indonesia Stock Exchange (IDX), reveals plans of IPO proceeds’ utilisation. As informed by IDNFinancials before, AADI plans to issue 778.68 million shares in IPO. The potential fresh funds raised in this corporate action...
JAKARTA -PT Hartadinata Abadi Tbk (HRTA) is offering Shelf-Registration Bond II Phase I Year 2024 worth IDR 900 billion starting from Wednesday (20/11) to Thursday (21/11). The offered value is reportedly IDR 100 billion lower than the previously announced bond value of IDR 1 trillion. In the information disclosure quoted Wednesday (20/11), it is said...
JAKARTA – Board of Governors Meeting (RDG) of Bank Indonesia (BI) has opted to maintain its benchmark interest rate at 6.00% today (20/11). According to the press release, the decision is mean to reinforce monetary policy that aims to control inflation, which is targeted at around 2.5% in both 2024 and 2025. “The focus of...