JAKARTA. PT Nev Stored Energy (NSE) will initiate a voluntary tender offer for the shares of PT Green Power Group Tbk (LABA), a steel manufacturer formerly called PT Ladangbaja Murni Tbk. In the issued prospectus, NSE, as the new controlling shareholder of LABA, is required to conduct a mandatory tender offer. However, the mandatory tender...
Energi Mega Persada Tbk (ENRG), an oil and gas company under Bakrie Group, has provided guarantee for a credit facility obtained by one of its subsidiaries, PT Imbang Tata Alam (ITA). Aside from ENRG, another subsidiary, EMP Bentu Limited, also participates in the guarantee provision for the credit facility acquired by ITA. The total credit...
JAKARTA – Indonesia’s international investment position (IIP) in the second quarter (Q2) of 2024 reported net liabilities of USD 247.3 billion, down from USD 253.9 billion in Q1 2024. In the press release quoted Wednesday (4/9), Erwin Haryono, Assistant Governor, Department of Communication of Bank Indonesia, said that the decrease in net liabilities of IIP...
JAKARTA – Jakarta Stock Price Composite Index (JCI) went up to 7,700 towards the end of today’s (4/9) morning session. The index shifted optimistically, although it slipped to 7,560 at the start of the session at 9 AM WIB. Monitoring the board, JCI rebounded to 7,629.94 at 9.15 AM WIB, before gaining huge strides up...
JAKARTA. PTSinergi Multi Lestarindo Tbk (SMLE), a chemical wholesaler for food and cosmetic ingredient, announces the formation of a new subsidiary called PT Sinar Aroma Sentosa (SAS). Siu Min, President Director of SMLE, said that the establishment of SAS has been approved by the Minister of Law and Human Rights since March 4, 2024. In...
AKARTA -PT Pool Advista Finance Tbk (POLA) files an objection to Attorney General’s Office regarding the confiscation of POLA’s office building worth IDR 47.37 billion in North Grogol, Jakarta. Ferry Junarso, President Director of POLA, mentioned that the confiscation will affect operational activities of the company. “The value of assets according to the Financial Report...
Wijaya Karya (Persero) Tbk (WIKA) has secured the contract for the construction of new Jetty 1 in Integrated Terminal Manggis, Bali. Said contract was received from PT Pertamina Patra Niaga, with contract value reaching IDR 475 billion. Mahendra Vijaya, Corporate Secretary of WIKA, said that the construction of Jetty 1 is intended to optimise stevedoring...
JAKARTA. PT Graha Prima Mentari Tbk (GRPM), the official distributor of Coca-Cola in Indonesia, allocates capital expenditure (capex) of IDR 20 billion this year. From said budget, around IDR 10 billion had been realised in the first half (H1) of 2024. Agus Susanto, President Director of GPRM, mentioned that this year, the company projected its...
Indofarma Tbk (INAF), a state-owned medicine and medical device manufacturer, is said to sell off its remaining assets to pay arrears to its own employees. The plan was announced by Kartika Wirjoatmodjo, Vice Minister of State-Owned Enterprises (SOEs), in Jakarta last Monday (2/9). “For employees, we plan asset divestment, which will be sold systematically to...
JAKARTA -PT Pembangunan Jaya Ancol Tbk (PJAA)reportedly received interim dividend of 2024 of IDR 100 billion from its subsidiary, PT Taman Impian Jaya Ancol (TIJA), the managing company of recreational park in Jakarta. However, the amount of dividend decreased 71.42% year-on-year (yoy) from IDR 350 billion seen last year. Daniel Nainggolan, Director of PJAA, confirmed...