JAKARTA –PT Barito Renewables Energy Tbk (BREN)just announced the winner of the tender in the project of energy capacity increase of Star Energy Geothermal (SEG) during International Geothermal Conference and Exhibition 2024 (IIGCE), yesterday (18/9). In the press release quoted Thursday (19/9), this issuer is said to boost energy capacity to 102.6 megawatt (MW) through...
JAKARTA. PT Astra Sedaya Finance (ASDF), a financing company under Astra Group, is issuing Shelf-Registration Bond VI Phase IV Year 2024 with a principal worth IDR 2.6 trillion. The bond is a part of a Public Offering of Shelf-Registration Bond VI of ASDF, targeting to raise IDR 12 trillion in total. Previously, ASDF had issued...
JAKARTA -PT Estetika Tata Tiara Tbk (BEEF) will increase its capital by IDR 10.51 billion, which are generated from the capitalisation of the premium of its stock, following the previous bonus share distribution. The decision was approved yesterday (17/9), during Extraordinary General Meeting of Shareholders. In the information disclosure quoted Wednesday (18/9), Ratna Sari, Corporate...
JAKARTA. PT Verona Indah Pictures Tbk (VERN) plans an initial public offering (IPO) by issuing 1.12 billion shares, equal to 23.54% of its issued and paid-up capital. Each share offered by VERN in its IPO has a par value of IDR 80, and will be offered for a price ranging from IDR 190 to IDR...
JAKARTA – Despite the normalisation of coal mining industry after sudden surge in commodity price in the past couple of years, PT United Tractors Tbk (UNTR), Astra Group entity in the distribution of heavy equipment for mining, gains confidence and revises the projection of Komatsu sales to 4500 units. “I can say that our outlook...
JAKARTA. PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT Delta Dunia Makmur Tbk (DOID), is offering Bond II Year 2024 with total principal of IDR 1 trillion. Indra Kanoena, President Director of BUMA, mentioned that prior to this, the company had issued its first phase bond in 2023. “The issuance of Bond II...
JAKARTA – PT United Tractors Tbk (UNTR), an issuer engaged in the mining industry, reasserts its intention to no longer expand its coal mining business and instead direct its focus on diversification to mineral mining and investment in new and renewable energy (NRE). Confirmed by Sara K. Loebis, Corporate Secretary of UNTR, when met at...
JAKARTA - Anindya Novyan Bakrie was appointed as the General Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin) as a result of the Extraordinary Conference (Munaslub) last weekend (14/9). The following are companies in the capital market where Anindya Novyan Bakrie is included in the board of directors and board of commissioners. Based...
JAKARTA - PT Kaltim Prima Coal (KPC), a subsidiary of PT Bumi Resources Tbk (BUMI) is reportedly looking for partners to work on a coal downstream project. As quoted from Kontan.co.id on Wednesday (18/9), Surya Herjuna, Director of Coal Business Development at the Ministry of Energy and Mineral Resources (ESDM) said that a new cooperation...
JAKARTA – PT Astra International Tbk (ASII) will compete with electric vehicle (EV) players from China, which have already been circulating in Indonesia. Until the first semester of 2024, the EV market reached 9.3% of Astras total four-wheeled vehicle sales, up from 7% at the end of 2023. According to Tira Ardianti, Head of Corporate...
