JAKARTA -PT Kawasan Indutri Jababeka Tbk (KIJA) is allocating capital expenditure of IDR 450 billion this year. The allocation is split to 55% for land acquisition and 45% for infrastructure maintenance. In the minutes of public expose quoted today (20/8), it is said that the realisation of capex for land acquisition has reached IDR 105...
JAKARTA. Pemeringkat Efek Indonesia (Pefindo), a domestic rating agency, has lowered the rating of Bond I Year 2018 issued by PT Kapuas Prima Coal Tbk (ZINC) to “idD” from the previous “idCCC”. At the same time, Pefindo also revises the corporate rating of ZINC to “idD” from the initial “idSD”. This corporate and bond rating...
JAKARTA – Financial Services Authority (OJK) urges PT Asuransi Jiwasraya (Persero) to conclude the policyholders dispute resolution in a comprehensive way. Until now, there still have been Jiwasraya insurance policyholders that do not approve restructuring scheme initiated by Jiwasraya. Aman Sentosa, Head of Department of Financial Literacy, Inclusivity, and Communication of OJK, mentioned that OJK...
Merck Tbk (MERK), a pharmaceutical company under Merck Holding GmbH from Germany, booked net profit of IDR 47.2 billion in the first half (H1) of 2024. This number dropped 48.4% year-on-year (yoy) from the same period last year, in which MERK scored net profit of IDR 91.4 billion. According to the recently released financial report,...
JAKARTA. Trade surplus of Indonesia in July 2024 was reported at USD 0.47 billion, much lower than June 2024’s trade surplus of USD 2.39 billion. Erwin Haryono, Head of Department of Communication of Bank Indonesia (BI), mentioned that July 2024’s trade surplus is still able to support external resiliency of national economy. “Bank Indonesia continues...
Prima Globalindo Logistik Tbk (PPGL), a logistics and shipping company, booked net profit of IDR 8.34 billion in the first half (H1) of 2024. Said achievement slipped 12.4% year-on-year (yoy) from the same period last year, in which the company saw net profit recorded at IDR 9.52 billion. However, throughout H1 2024, PPGL’s revenue, in...
French stocks were little changed on Thursday after rising notably in the previous session on bets of a Federal Reserve rate cut in September. Investors were reacting to a mixed set of economic activity data from China released earlier in the day. Chinas industrial production slowed for a third straight month in July, unemployment rose,...
U.K. stocks held steady on Thursday after official data showed the U.K. economy expanded again in the second quarter, but the pace of growth moderated slightly due to the contractions in industrial and construction output. Real gross domestic product grew 0.6 percent in the three months to June, following the 0.7 percent expansion seen in...
New York manufacturing activity edged slightly lower in the month of August, the Federal Reserve Bank of New York revealed in a report on Thursday. The New York Fed said its general business conditions index rose to a negative 4.7 in August from a negative 6.6 in July, but a negative reading still indicates contraction....
The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial production to dip by 0.3...