JAKARTA -PT XL Axiata Tbk (EXCL)will reportedly lease hybrid fiber coaxial and fiber to the home (HFC/FTTH) ofPT Link Net Tbk (LINK) worth IDR 11.06 trillion. Combined with ServeCo business line acquisition, or residential business (B2C) line, worth IDR 1.87 trillion, thus bringing total transaction to IDR 12.94 trillion. According to the issued prospectus quoted...
Indah Kiat Pulp & Paper Tbk (INKP), a paper and carton package manufacturer under Sinarmas Group, will issue Shelf-Registration Bond V Phase I Year 2024 with total principal of IDR 2.5 trillion. On the same occasion, INKP will also issue Shelf-Registration USD Bond II of INKP Phase I Year 2024 with total principal of USD...
JAKARTA. The Ministry of Finance (Kemenkeu) has received a proposal from the DPR RI State Financial Accountability Committee (BAKN), regarding the excise rate for packaged sugary drinks (MBDK) of 2.5%. Askolani, Director General of Customs and Excise at the Ministry of Finance, said that the proposal had so far been accepted as a recommendation. The...
JAKARTA - Having strengthened at the beginning of the opening bell, the Composite Stock Price Index weakened towards the closing of transactions at 11.30 WIB. At the start of trading, the JCI was at the level of 7,794.83, up from 7,779.24 at 09.00 WIB. Based on the monitoring, the rate of decline touched the same...
JAKARTA - Sales performance in the next six months starting from October 2024 to January 2024 is expected to decline, due to the return to normal demand after national religious holidays and year-end holidays. Based on the Retail Sales Survey data published by Bank Indonesia (BI) quoted on Tuesday (11/10), the Sales Expectation Index (IEP)...
JAKARTA – Menara Syariah and the Brunei Institute of Leadership & Islamic Finance (BILIF) are collaborating to hold the Islamic Leaders Conference (ILC) 2024 which will be held for two days on September 11-12, 2024, at Menara Syariah, PIK 2. This event will be a forum for in-depth discussion about leadership in Islam and its...
JAKARTA – Prof. Dr. Komarudin Hidayat, Commissioner of PT Bank Syariah Indonesia Tbk (BRIS), believes that sharia banking industry in Indonesia still has potential to rapidly grow if accompanied with professionalism in its development. Sharia banks [in Indonesia] can have greater potential, but they must be professional, accessible, secure, fast, and has competitive price, said...
JAKARTA. The amount of incoming bids for the last auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk on September 10, 2024, reportedly reached IDR 21.27 trillion, as stated by Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of state sukuk offered...
JAKARTA - The portion of Ruhong Holding Pte. Ltd. in PT Perma Plasindo Tbk (BINO) now increases to 89.63% from 72% of total issued and paid-up capital of said issuer, which had just been concluded last week (5/9). In the information disclosure quoted Wednesday (11/9), Lou Fuan, Director of Ruhong Holding Pte. Ltd. said that...
JAKARTA - PT Puri Karya Bersama (PKB), a subsidiary of PT Puri Global Sukses Tbk (PURI), has secured a syndicated revolving loan for working capital from 13 rural credit banks worth IDR 200 billion. The facility is equal to 166.15% of total PURIs equity as of June 2024 of IDR 120.36 billion. In the issued...
