JAKARTA. The authority of Indonesia Stock Exchange (IDX) has suspended the transaction of PT Multipolar Technology Tbk (MLPT)after showing an unusual rapid price surge. In the official statement dated September 13, 2024, IDX announced that suspension of MLPT took effect since today’s (17/9) first session. The suspension will remain effective until further announcement from the...
JAKARTA -PT Sinergi Multi Lestarindo Tbk (SMLE) has secured a facility of IDR 43 billion in order to boost its capital expenditure (capex). Arry Wahyu Riansyah, Corporate Secretary of SMIL, confirmed that the company has signed an amendment and restatement of credit agreement directly from BTPN last week (12/9). The credit facilities consist of Overdraft...
Metrodata Electronics Tbk (MTDL)has budgeted capital expenditure of IDR 120 billion for the expansion of logistics centre in Cibitung, Bekasi. Susanto Djaja, President Director of MTDL, said that as of now, utilisation level of the warehouse has nearly reached its maximum capacity. “As of now, utilisation rate of MTDL’s warehouse has reached 90% of its...
JAKARTA. Total incoming bids recorded for Government Securities (lit. Surat Utang Negara/SUN) in the auction today (17/9) reportedly reached IDR 63.7 trillion, as stated by Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of SUN auctioned off by the Indonesian government, consisting of 2 series of...
JAKARTA -PT Bank Negara Indonesia (Persero) Tbk (BBNI) had reportedly concluded a buyback of 40.51 million shares yesterday (15/9). This corporate action first began on March 16, 2023, following shareholders’ approval on March 15, 2023. Okki Rushartomo, Corporate Secretary of BBNI, mentioned that the entire shares gained from the buyback will be utilised for management...
JAKARTA - Alibaba Group is providing Alibaba Cloud services to advance digital innovation of PT Goto Gojek Tokopedia Tbk (GOTO)for the next five years. The Memorandum of Understanding (MoU) between Alibaba and GOTO was signed last week (13/9). Selina Yuan, Vice President of Alibaba Group and President International Business of Alibaba Cloud Intelligence, said that...
JAKARTA - Two key investors in PT Sumber Energi Andalan Tbk (ITMA), an issuer providing consulting services to the mining and energy industries, continue to trade the companys shares. Foreign investor Zurich Assets International Ltd decided to sell 17.25 million shares of ITMA on Monday, September 9, reducing its ownership to 5.57%. On the other...
JAKARTA - PT Dima Investindo (DI) will acquire 55% ofPT Kurniamitra Duta Sentosa Tbk (KMDS)owned by PT Miki Ojisan Indomitra (MOI). DI is not directly or indirectly affiliated with KMDS. In the information disclosure quoted Friday (13/9), Hengky Wijaya, President Director of KMDS, mentioned that the shares of MOI to be acquired reach 440 million...
JAKARTA. Nippon Shokubai Indonesia, a petrochemical company that has been investing in Indonesia since 1996, is preparing IDR 1.69 trillion for factory expansion in Cilegon. This news is disclosed by Rosan Roeslani, Minister of Investment/Head of Indonesia Investment Coordinating Board. In the release issued yesterday (12/9), Roeslani said that the fund will be allocated to...
JAKARTA -PT Gunawan Dianjaya Steel Tbk (GDST) is optimistic of being able to score sales of IDR 2.5 trillion at the end of 2024, relatively stable compared to 2023 sales. In order to attain this target, the company will maintain export sales in Southeast Asia market. In the minutes of public expose quoted Friday (13/9),...
