JAKARTA. The number of bids entered in the auction of Government Sharia Securities (SBSN) or government sukuk on Monday (19/11) was recorded at IDR 13.85 trillion. There are 7 series of state sukuk being offered in the auction. The details consist of 2 series of SPNS (State Treasury Letters – Sharia) and 5 PBS (Project...
BANDUNG – Subakti Syukur, President Director of PT Jasa Marga (Persero) Tbk (JSMR), has been awarded The Best CEO at the Top CEO Awards event held on Friday, November 15, 2024, in Bandung. In this awarding event, Syukur received a special mention for Initiating Operations of 3 Green Toll Roads, recognising his success in launching...
BANDUNG – President Director of PT Bank Central AsiaTbk (BBCA), Jahja Setiaatmadja, thinks that Donald John Trump’s victory in the United States’ presidential election will slightly alter the dynamics of ongoing war-war, lose-lose situation between Ukraine and Russia. Setiaadjamadja believes that Joe Biden Jr., former US President, was too emotional and thus trapping his allies,...
JAKARTA – The Ministry of State-Owned Enterprises (SOEs) has appointed Captain Wamildan Tsani Panjaitan as the President Director of PT Garuda Indonesia (Persero) Tbk (GIAA), replacing Irfan Setiaputra. This decision was made during Extraordinary General Meeting of Shareholders last week (15/11). Panjaitan is known to have experience in the aviation industry for 20 years. Panjaitan...
Formosa Ingredient Factory Tbk (BOBA), a beverage ingredient manufacturer known with its brand Boba King, will distribute interim dividend of IDR 2.31 billion or IDR 2 per share. Dewi Irianty Wijaya, Vice President Director of BOBA , mentioned that said plan aligns with the decision made by the board of directors a couple of days...
Gajah Tunggal Tbk (GJTL), a tyre manufacturer known with brands like GT Radial and IRC, has signed a syndicated loan facility from several banks worth IDR 4.4 trillion. The credit facility consists of 2 tranches, with tenors set to 8 and 9 years each. Some of the banks assisting this syndicated loan are PT Bank...
JAKARTA – Stock performances of two out of three issuers debuting on Indonesia Stock Exchange on November 8, 2023, were seen improving as of last week (15/11). They are PT Ikapharmindo Putramas Tbk (IKPM)andPT Mastersystem Infotama Tbk (MSTI). Based on the compiled data by IDNFinancials today (18/11), IKPM was reported increasing 67.27% to IDR 276...
Smartfren Telecom Tbk (FREN), one of the biggest telecommunication service providers in Indonesia, has signed a syndicated loan agreement with a subsidiary and several banks. James Wewengkang, Corporate Secretary of FREN, said that the subsidiary involved in this facility agreement is PT Smart Telecom (Smartel). The syndicate of banks that will provide financing facilities includes...
Triputra Agro Persada Tbk (TAPG), a palm and rubber plantation, has secured dividend income from one of its subsidiaries, PT Agro Multi Persada (AMP). Joni Tjeng, Corporate Secretary of TAPG, confirms that the interim dividend received from AMP reaches IDR 617.48 billion. Owning 94.93% of AMP, the company then receives interim dividend of a total...
BANDUNG – President Director of PT Metrodata Electronic Tbk (MTDL), Susanto Djaja, also notices the weakened purchase power of the masses. However, he reveals that there is one business line that could still record 13% growth this year. “It is undeniable that there has been a decrease in purchase power; we feel it, as well,”...