Rig Tenders Indonesia Tbk (RIGS), through one of its subsidiaries, PT Batuah Abadi Lines (PTBAL), has secured a new additional vessel to its fleet. Kartika Hadi, President Director of RIGS, mentioned that PTBAL is the party that acquires the asset, in the form of a vessel titled Tug Boat PEC 2416. The acquisition is led...
JAKARTA -PT BPD Jawa Timur Tbk (BJTM) will acquire 476.19 million shares of the issued and paid-up capital of PT BPD Banten Tbk (BEKS). The shareholders have agreed upon the investment of IDR 10 billion in BEKS. Edi Masrianto, Director of Finance, Treasury, and Global Services of BJTM, confirmed that the company and BEKS will...
JAKARTA – At the opening bell of today’s (7/10) trading session, Jakarta Stock Price Composite Index (JCI) plummeted to 7,460.60. Until 11 AM WIB, it remained idle at 7,495.56. Monitoring the board this morning, the index briefly shot up to 7,505.55. However, it took a tumble and rebounded at 10.05 AM WIB. The index was...
JAKARTA. The amount of venture capital funding in the global market reached USD 66.5 billion in the third quarter (Q3) of 2024, slowing down 16% quarter-to-quarter (qoq), or down 15% year-on-year (yoy). According to the report of Crunchbase, the company that collects information regarding global venture investment, late-stage funding dominated with USD 31.6 billion in...
JAKARTA -PT MD Entertainment Tbk (FILM will branch out to television broadcast industry following the acquisition of PT Net Visi Media Tbk (NETV), the operator of NET Televisi. The shareholders’ approval regarding this corporate action is projected to be obtained during Extraordinary General Meeting of Shareholders (EGMS) last Tuesday (8/10). In the issued prospectus quoted...
JAKARTA - PT TBS Energi Utama Tbk (TOBA) is allocating IDR 474.58 billion to repurchase (buyback) a maximum of 10% of total issued and paid-up capital. In the information disclosure quoted Monday (7/10), the estimated number of shares to be repurchased is 816.78 million for IDR 580 each. The price is set according to the...
Perusahaan Gas Negara (PGAS) or PGN is eyeing the potential of industrial natural gas development with total volume of up to 15 BBTUD in Sulawesi through the signing of 2 Memorandums of Understanding (MoU). The first MoU was signed by PGAS alongside KSI Indogawa and Sinatar Tara Sejati. Then, the second MoU was signed with...
JAKARTA -PT Medco Energi Internasional Tbk (MEDC) announces the result of tender offer of two Senior Bonds maturing in 2026 and 2027 issued by two of its subsidiaries, namely Medco Oak Tree Pte, Ltd dan Medco Bell Pte Ltd. In the information disclosure quoted Monday (7/10), MEDC mentioned that the proceeds of initial tender offer...
Avia Avian Tbk (AVIA) has collected dividends from two of its subsidiaries, PT Tirtakencana Tatawarna (Tirta Tatawarna) and PT Tirtakencana Batamindo (Tirta Batamindo), worth a total of IDR 107.99 billion. Hera Septi Astuti, Corporate Secretary of AVIA, confirmed that said dividends originate from retained earnings of Tirta Tatawarna and Tirta Batamindo recorded for the fiscal...
Sigma Energi Compressindo Tbk (SICO), an oil and gas service company established circa 2007, is planning an interim dividend distribution of IDR 3 per share or IDR 2.73 billion in total. Vita Diani Satiadhi, Director of SICO, said that this plan aligns with the decision made by the board of directors a couple of days...