JAKARTA - PT Bangun Karya Perkasa Jaya Tbk (KRYA) secured a contract to build Depo Tomo worth IDR 23.87 billion from PT Niagatama Kencana (NK), a subsidiary of Wings Group. Dharmo Budiono, President Director of KRYA, said that the warehouse project is targeted to be completed in eight months since the groundbreaking last week (3/1)....
JAKARTA - PT Darma Henwa Tbk (DEWA) is continuing its efforts to eliminate an accumulated loss or deficit of Rp1.08 trillion by offsetting (netting off) currency adjustment balances against negative retained earnings (deficit). Previously, the company had planned to seek shareholder approval for this deficit elimination plan during the Extraordinary General Meeting of Shareholders (EGMS)...
JAKARTA – Agatha Nindyas sale of 58.74 million shares of PT Techno9 Indonesia Tbk (NINE) marked the start of market hints, or the purchasing and selling of shares by investors who possess more than 5% of the shares, on Friday, January 3. This individual investor decreased her ownership stake in NINE from 13.35% to about...
JAKARTA – Jakarta Composite Index (JCI) remained flat from the opening of the morning session to the close of the afternoon session on Tuesday (7/1). By the end of the day, JCI closed at 7,083.28 points at 4:00 PM WIB, largely unchanged from the morning session opening at 7,085.56 points. The decline in the shares...
JAKARTA – PT Mayora Indah Tbk (MYOR), a leading fast-moving consumer goods (FMCG) company in Indonesia, plans to dissolve one of its subsidiaries in the Netherlands, Mayora Nederland BV. Yuni Gunawan, Corporate Secretary of MYOR, stated that Mayora Nederland, which is 100% owned by the company, is no longer operational and has no future plans....
JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) and PT Dian Swastatika Sentosa Tbk (DSSA) have officially signed an Asset Sale and Purchase Agreement on January 3, 2025. Through this transaction, INKP acquired DSSAs power plant assets, including machinery with a total capacity of 175.1 MW along with its supporting equipment. Heri Santoso...
JAKARTA — On Tuesday, January 7, foreign investors bought 3.72 billion shares of shares, compared to only around 3.03 billion bought. As of today, the net foreign from January to today is a net sell of3.14 billion shares. With 552.02 million shares, PT GoTo Gojek Tokopedia Tbk (GOTO) isthe first of the top five stocks...
JAKARTA – PT Jasnita Telekomindo Tbk (JAST) has projected a 20% revenue growth in 2024, driven by the expansion of its subsidiary into Singapore. President Director of JAST, Yentoro, revealed in a disclosure to the Indonesia Stock Exchange (IDX) on Tuesday (7/1) that potential projects in Singapore offer significant opportunities to increase project volumes and...
JAKARTA - The Financial Services Authority (OJK) reported that bank credit performance grew 10.79% (year-on-year / yoy) in November 2024, to IDR 7,717 trillion. Bank credit growth in December 2024 was slightly lower than the previous month, which stood at 10.92%. Nevertheless, Dian Ediana Rae, Chief Executive of OJK Banking Supervision, said that banking intermediation...
JAKARTA – PT Multi Medika Internasional Tbk (MMIX) has partnered with Fujian Nice Paper Hygiene Products Co., China, to establish a diaper factory in Indonesia. Mengky Mangarek, President Director of MMIX, announced that the two companies signed a memorandum of understanding (MoU) yesterday (2/1) regarding capital investment to form a joint venture. “The MoU for...