JAKARTA - Sales performance in the next six months starting from October 2024 to January 2024 is expected to decline, due to the return to normal demand after national religious holidays and year-end holidays. Based on the Retail Sales Survey data published by Bank Indonesia (BI) quoted on Tuesday (11/10), the Sales Expectation Index (IEP)...
JAKARTA – Menara Syariah and the Brunei Institute of Leadership & Islamic Finance (BILIF) are collaborating to hold the Islamic Leaders Conference (ILC) 2024 which will be held for two days on September 11-12, 2024, at Menara Syariah, PIK 2. This event will be a forum for in-depth discussion about leadership in Islam and its...
JAKARTA – Prof. Dr. Komarudin Hidayat, Commissioner of PT Bank Syariah Indonesia Tbk (BRIS), believes that sharia banking industry in Indonesia still has potential to rapidly grow if accompanied with professionalism in its development. Sharia banks [in Indonesia] can have greater potential, but they must be professional, accessible, secure, fast, and has competitive price, said...
JAKARTA. The amount of incoming bids for the last auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk on September 10, 2024, reportedly reached IDR 21.27 trillion, as stated by Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of state sukuk offered...
JAKARTA - The portion of Ruhong Holding Pte. Ltd. in PT Perma Plasindo Tbk (BINO) now increases to 89.63% from 72% of total issued and paid-up capital of said issuer, which had just been concluded last week (5/9). In the information disclosure quoted Wednesday (11/9), Lou Fuan, Director of Ruhong Holding Pte. Ltd. said that...
JAKARTA - PT Puri Karya Bersama (PKB), a subsidiary of PT Puri Global Sukses Tbk (PURI), has secured a syndicated revolving loan for working capital from 13 rural credit banks worth IDR 200 billion. The facility is equal to 166.15% of total PURIs equity as of June 2024 of IDR 120.36 billion. In the issued...
JAKARTA. AirAsia Group is reportedly exploring several funding opportunities to back its plan to acquire additional 75 units of aircrafts until 2031. Tony Fernandes, CEO of Capital A Berhad, or the parent entity of AirAsia airline, said that this plan reflects the company’s commitment in supporting the development of Indonesia’s tourism sector, as well as...
JAKARTA -PT Perintis Triniti Properti Tbk (TRIN) or Triniti Land reported marketing revenue of IDR 1.1 trillion as of August 2024, skyrocketing 114% year-on-year (yoy) from August 2023 of IDR 546.9 billion. The issuer then feels optimistic regarding its marketing sales target of IDR 1.2 trillion that is projected to be attained at the end...
BANDUNG - Unexpected inspiration can actually lead someone to create a new and successful business. This was experienced by Adang, a Micro, Small and Medium Enterprise (MSME) actor in Bandung, who successfully optimized bamboo into various types of crafts and processed food products and is famous internationally. Adang admitted that the inspiration came one night...
Rig Tenders Indonesia Tbk (RIGS) booked net profit of IDR 78.97 billion in the first half (H1) of 2024, up 26.35% year-on-year (yoy) from the same semester last year. In fact, in terms of top-line, RIGS’s revenue only climbed a shy of 1.84% yoy to IDR 347.98 billion in H1 2024. In the same period...