Batavia Prosperindo Internasional Tbk (BPII), an investment and financial services holding company, has allocated extra capital of SGD 1.68 million or equal to IDR 20 billion. Said additional capital is given to Batavia Prosperindo Pte. Ltd. (BPD), which, for the record, is BPII’s subsidiary listed in Singapore. The management of BPII also said that this...
JAKARTA. Chief Executive of Banking of Financial Services Authority (OJK), Dian Ediana Rae, believes that the current high non-performing loan (NPL) ratio is cyclical in nature, meaning that it may fluctuate according to changes in economic condition. Said notion responds to the trend in which several banks reported high NPL rates, even close to the...
FAP Agri Tbk (FAPA), a palm oil manufacturer, reported dividend income of IDR 47.5 billion. The dividend was received from its subsidiary, PT Tirta Madu Sawit Jaya (TMSJ). According to IDNFinancials data, TMSJ is a business entity engaged in the palm plantation and palm oil refinery. This subsidiary has been operating in North Kalimantan since...
JAKARTA. PT Oto Multiartha, a financing company formed by PT Bank BTPN Tbk (BTPN) and PT Sinar Mas Multiartha Tbk (SMMA), will issue Shelf-Registration Bond I Phase II Year 2024 with total principal of IDR 700 billion. This bond is a part of a more extensive public offering program of Shelf-Registration Bond I of Oto...
Arkora Hydro Tbk (ARKO), a holding company engaged in the renewable energy sector, has obtained a loan facility worth IDR 223 billion for the establishment of Tomoni Hydropower Plant. Said loan facility agreement had been signed by PT Arkora Hydro Malili (HAM), ARKO’s subsidiary, and PT Sarana Multi Infrastruktur (SMI) on August 15, 2024. Aldo...
JAKARTA – Modalku, a fintech platform, is partnering with Lotte Grosir to provide term financing for raw material purchase for Micro, Small, and Medium Enterprises (MSMEs). Arthur Adisusanto, Country Head of Modalku, mentioned that retail sector has become one of main focuses of Modalku this year. “We see great potential in it because retail products...
JAKARTA -PT Ace Hardaware Indonesia Tbk (ACES) has rebranded itself to PT Aspirasi Hidup Indonesia Tbk following the Extraordinary General Meeting of Shareholders on June 7, 2024. Two months after the official rebrand, its market capitalisation has decreased IDR 1.97 trillion to IDR 12.34 trillion from the initial IDR 14.32 trillion. In said meeting (7/6),...
JAKARTA -PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) booked net profit growth of 23.69% year-on-year (yoy) in the first half of 2024 compared to the same period in 2023. This profit growth aligns with revenue increase. Based on Financial Report of H1 2024 quoted today (19/8), net sales reportedly grew 7.36% yoy to...
JAKARTA -PT Century Textile Industry Tbk (CNTX) will go private after securing the approval from its shareholders on September 25, 2024. This issuer reported a deficit in equity of USD 21.58 million in the first half of 2024. In the issued prospectus quoted Monday (19/8), Penfabric Sdn Berhad, the controlling shareholder of CNTX, will initiate...
JAKARTA. The Indonesian government will hold an auction of Government Securities (lit. Surat Utang Negara/SUN) tomorrow (20/8), with an indicative target of IDR 20 trillion. There will be 7 series of SUN offered in this auction, consisting of 2 series of Treasury Notes (lit Surat Perbendaharaan Negara/SPN) and 5 FR series of Government Bonds (lit....