Bumi Resources Tbk (BUMI) announced the revised coal production target to 76-78 million ton throughout 2024 from the previous 78-82 million ton. This cut-down on coal production volume target was caused by several factors, ranging from weather challenges to low market demand. “The heavy rainfall in South Kalimantan and market factors, as well as decreased...
JAKARTA – The price of PT Jhonlin Agro Raya Tbk (JARR) managed to score 24% increase from the opening bell to the end of morning session today (9/12) at Indonesia Stock Exchange (IDX). This increase led JARR to the first place of top gainers at the early session in the market. Monitoring the board at...
JAKARTA – PT Lippo Cikarang Tbk (LPCK) is undertaking a significant capital increase through a rights issue to continue financing its Meikarta project, following a loss of IDR1.6 trillion. The company plans to issue 2.97 billion new shares in the rights offering, representing 52.61% of its paid-up and issued capital. The rights issue will be...
JAKARTA – Domestic investors accounted for 92% of the total transaction value on the Indonesia Stock Exchange (IDX) on Monday (9/12). The total purchase transactions made by domestic investors amounted to IDR 41.12 trillion. With total sales transactions reaching IDR 41.42 trillion, domestic investors recorded a net sell of IDR 296 billion. On the other...
JAKARTA – PT Indika Energy Tbk (INDY) is further diversifying its business portfolio by entering the fuel trading sector, aiming to support future revenue growth. Adi Pramono, Corporate Secretary of INDY, announced that the company has established a new subsidiary, PT Pahala Globalindo Energi (PGE), whose financials will be consolidated with the group. This aligns...
JAKARTA – Manoj Dhamoo Punjabis ownership in PT MD Entertainment Tbk (FILM) decreased by 4.9% following a share sale transaction last week (3/12). As of this morning, FILM’s stock price has risen by 4.91% to IDR 3,630 from IDR 3,460 per share, the price recorded during the transaction last week. According to data compiled by...
JAKARTA – Coordinating Minister for Economic Affairs, Airlangga Hartarto, revealed several strategies that the Indonesian government is preparing to accelerate economic growth to 8% over the next five years. Airlangga recently referred to a report by the Organization for Economic Cooperation and Development (OECD) on Indonesias economic outlook, which projects that economic growth will reach...
JAKARTA. The Djarum Group will acquire 85% of the shares of PT Griya MieSejati, the parent company of the oldest noodle restaurant chain in Indonesia known as Bakmi GM. The transaction value for the acquisition of Bakmi GM is estimated to be between IDR 2 trillion to IDR 2.4 trillion, according to a number of...
JAKARTA - The share performance of PT Dua Putra Utama Makmur Tbk (DPUM) rose 33% from the opening bell until the close of share transactions on Tuesday afternoon (10/12). This achievement placed this issuers shares as top gainers in the inaugural session. Data compiled by IDN Financials shows that the DPUM share price closed at...
JAKARTA. The prospects for the coffee industry in Indonesia are considered quite promising, encouraging Fore Coffee to open 216 outlets spread across 43 cities in Indonesia. Vico Lomar, CEO of Fore Coffee, said that his party had taken part in increasing coffee consumption in Indonesia. A number of innovations and strategies are used, ranging from...