JAKARTA -PT Pertamina Geothermal Tbk (PGEO)and PT Pembangunan Aceh (Pema) are targeting the geothermal drilling in Work Area of Seulawah Agam, Aceh Besar, to kick off in 2025. The project is currently under land acquisition process. Edwin Suzandi, Director of Exploration and Development of PGEO, reaffirmed the commitment to the accomplishment of Seulawah Agam project....
JAKARTA - Boy Thohir made a further investment of 373.75 million shares inPT Provident Investasi Bersama Tbk (PALM)on Monday, December 16. The investor’s share portion grew from 17.5% to nearly 20%. He purchased the shares in the agricultural food product business and the main consumer goods investment company throughPT Trimegah Sekuritas Indonesia Tbk. Additionally,PT Sarimelati...
JAKARTA - The trading volume of PT Goto Gojek Tokopedia Tbk (GOTO) shares reached 980 million shares before the closing of transactions on Wednesday afternoon (18/12). This was followed by the strengthening of this issuers share price in the inaugural session. Based on the data compiled by IDN Financials, it shows that GOTO share trading...
JAKARTA - Bayan Resources Tbk (BYAN) succeeded in obtaining a loan facility worth US$ 125 million from PT Bank Mega Tbk (MEGA). The loan agreement was signed on December 13, 2024. This loan takes the form of a demand loan credit facility with a sublimit for a bank guarantee or standby letter of credit worth...
JAKARTA -PT Bukit Asam Tbk (PTBA) is preparing the pilot project to transform low-calorie coals into humic acid after launching a humic acid prototype at IUP Peranap, Riau, last week (12/12). Arsal Ismail, President Director of PTBA, said that the research and development for the transformation of coal to humic acid is in line with...
Economic sentiment in Germany unexpectedly rebounded in December to its highest level in four months as financial market experts turned optimistic on the announcement of snap elections in February next year and the prospect of more interest rate cuts from the European Central Bank, results of a survey by the think tank ZEW showed Tuesday....
Lower Canadian and U.S. futures, and weak commodity prices point to a negative start on Bay Street Tuesday morning. Canadian inflation data and U.S. retail sales data are in focus, and investors are also looking ahead to the Federal Reserves monetary policy meeting that gets underway today. Canadian inflation data for the month of November...
The UK wage growth accelerated more than expected in the three months to October supporting a case for more gradual interest rate reductions next year as pay increases could revive inflationary pressures. Excluding bonus, annual growth in average earnings came in at 5.2 percent compared to 4.9 percent in the three months to September, the...
Japans SoftBank Group is planning to invest $100 billion in the United States over the next four years, which would create more than 100,000 jobs in Artificial Intelligence or AI and related critical infrastructure. During President-elect Donald Trumps first news conference since the election, SoftBank founder and Chief Executive officer Masayoshi Son joined to make...
Retail sales in the U.S. increased by more than expected in the month of November, according to a report released by the Commerce Department on Tuesday, with auto sales once again leading the way higher. The report said retail sales grew by 0.7 percent in November after climbing by an upwardly revised 0.5 percent in...