JAKARTA. The Indonesian Securities Rating Agency (Pefindo) has assigned an idA rating to Bond II Year 2024 issued by PT Merdeka Battery Materials Tbk (MBMA), and confirmed the same rating for the bonds that have been issued. Pefindo said the rating reflects MBMAs business activities, which are vertically integrated. In addition, the rating also reflects...
JAKARTA. A total of 3 startups from Indonesia have received funding totaling more than US$28.5 million this week. According to data compiled by .com, the three startups are Broom, Rey.id, and Pallav Technologies. All three are startups based in Jakarta. Broom, a startup in the automotive sector, received funding of US$ 25 million from a...
United Tractros Tbk (UNTR), a subsidiary of PT Astra International Tbk (ASII) engaged in the heavy equipment and mining industry, is preparing for interim dividend distribution of IDR 2.42 trillion or IDR 667 per share. Sara K. Loebis, Corporate Secretary of UNTR, confirmed that the plan is in line with the decision made by the...
JAKARTA - On Wednesday,September 25, PT Centratama TelekomunikasiIndonesia Tbk (CENT) saw the purchase of 18.04 billion shares by foreign investor UOB Kay Hian Private Limited. This Singaporean investors shareholding jumped from 38.3% to 96.17% as a result of the transaction through PT UOB Kay Hian Sekuritas, making themthe currentcontrolling shareholder. The CENT stock is actively...
JAKARTA - Foreign investors bought more shares on Friday, September 27, than they sold. Foreign purchasing volume was recorded at 4.53 billion shares, while foreign selling volume was 4.11 billion shares. As a result, the net foreign volume surplus at around 426.93 million shares. Foreign investors initiated share purchase transactions by buying 2.26 billion shares...
JAKARTA – The loss ofPT Garuda Indonesia (Persero) Tbk (GIIA) worsened 32.88% year-on-year (yoy) in the first half (H1) of 2024 to USD 101.65 million from USD 76.50 million seen in H1 2023. This loss still resulted from increased operating expenses, although its revenue improved. In the H1 2024 Financial Report quoted Tuesday (1/10), GIAA’s...
Pertamina Geothermal Energi Tbk (PGEO)has signed a Memorandum of Understanding (MoU) with PT Pertamina Power Indonesia (Pertamina NRE) and Genevia, a France-based company focusing on clean hydrogen technology development. Said MoU arranges the partnership between PGEO, Pertamina NRE, and Genvia to conduct joint research regarding the clean or low-carbon hydrogen development. The development will be...
JAKARTA -PT Petrosea Tbk (PTRO) spent IDR 6 trillion of its capital expenditure (capex) budget in order to acquire new supporting equipment to support business expansion in Central Kalimantan. Iman Darus Hikhman, Mining and Mine Services Director of Petrosea, confirmed that this new equipment purchase will support several new mining service projects. “It is an...
Sinar Mas Multiartha Tbk (SMMA), a financial service company under Sinar Mas Group, has made capital investment in PT Liugong Finance Indonesia. Burhanuddin Abdullah, President Director of SMMA, said that the investment channelled by the company clocks up to IDR 95 billion. With this investment, SMMA will directly have a claim over 19% of Liugong...
JAKARTA. PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary ofPT Delta Dunia Makmur Tbk (DOID), reported oversubscription for Bond II Year 2024. Only within a few days, bond with total principal of IDR 1 trillion was oversubscribed 1.4 times. The management of BUMA mentioned that it indicates high demand from investor towards the issued bond....