JAKARTA – The stock performance of two companies, PT Multitrend Indo Tbk (BABY)andPT Anugerah Spareparts Sejahtera Tbk (AEGS), plummeted after a year debuting in the stock exchange since September 2023. Based on the data compiled by IDNFinancials today (25/9), BABY debuted through initial public offering (IPO) on September 7, 2023, issuing 534 million shares for...
Hoffmen Cleanindo Tbk (KING), a professional hygiene service provider, booked revenue of IDR 140.65 billion in the first half (H1) of 2024. Sales growth seen in this period boosted KING’s net profit even higher to IDR 7.65 billion in H1 2024, compared to the same period last year, in which its net profit only reached...
JAKARTA – Bank UOB Indonesia officially hosts UOB Economic Outlook 2025 today (25/9) in Jakarta, titled “Ushering a New Dawn for a Remarkable Indonesia”, discussing chances and opportunities to advance Indonesia’s economy in 2025 under the new presidential term. Hendra Gunawan, President Director of Bank UOB Indonesia, mentioned that Indonesia has solid economic foundation along...
JAKARTA – With growth projection of Indonesia’s economy in 2024 at 5.2%, Bank UOB Indonesia as the renowned regional bank, is ready to facilitate foreign direct investment (FDI) inflow to Indonesia whilst boosting export volume and portion in GDP. According to Hendra Gunawan, President Director of Bank UOB Indonesia, during his opening speech at UOB...
JAKARTA -PT Venteny Fortuna International Tbk (VTNY) has acquired a credit facility worth IDR 275 billion from PT Bank Mayapada Internasional Tbk (MAYA) as of yesterday (24/9). Zasa Pinkan Kinanti, Corporate Secretary of VTNY, mentioned that the credit facility will be used as working capital and consumption capital for the company and its subsidiary, PT...
JAKARTA – PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary ofPT Delta Dunia Makmur Tbk (DOID), obtains an extension for its mining service contract in Meandu Mine, Queensland, Australia, until 2026. The value of this contract extension reaches AUD 200 million per year, equal to IDR 2.07 trillion, assuming that the rate used is IDR...
JAKARTA. PT Astra Agro Lestari Tbk (AALI), one of subsidiaries of PT Astra International Tbk (ASII), engaged in the plantation industry, will distribute interim dividend worth IDR 161.67 billion or IDR 84 per share. Tingning Sukowignjo, Corporate Secretary of AALI, said that this plan follows the decision of the board of directors. “It had been...
JAKARTA – PT Bank UOB Indonesia is targeting drastic growth in credit distribution rate at the end of 2024, reaching 20% year-on-year (yoy), or far exceeding the projection set by Bank Indonesia (BI) for banking industry. “If we are talking about credit, this year, we saw growth in the second semester is quite optimistic,” said...
JAKARTA - PT Biomassa Lestari Nusantara (BLN), a joint venture between PT Dharma Energi Investama, a subsidiary of PT Dharma Satya Nusantara Tbk (DSNG) and PT Sumitomo Forestry Indonesia, a subsidiary of Sumitomo Forestry Co. Ltd, conducted a trial operation of the first wood pellet factory in Boyolali, Central Java. Andrianto Oetomo, President Director of...
JAKARTA - On Wednesday, September 18, PT Barito Pacific Tbk, the company that owns nearly 20% of the shares of PT Chandra Asri Pacific Tbk (TPIA), released 8 billion shares of this petrochemical processing and manufacturing company. Barito Pacifics share portion fell by nearly half to 10.62% as soon as shares were sold through PT...