JAKARTA -PT Waskita Beton Precast Tbk (WSBP) has been concluding debt-to-equity swap with 9 creditors via private placement phase III last Wednesday (20/11). This debt settlement was carried out following the peace agreement homologated by Commercial Court of Central Jakarta on June 28, 2022. Quoted today (25/11), Fandy Dewanto, Corporate Secretary of WSBP, mentioned that...
Sinar Eka Selaras Tbk (ERAL)has raised its ownership portion in a joint venture (JV) established alongside JD Sports Fashion Plc. (JD UK). Badar Teguh Mancik Alam, Corporate Secretary of ERAL, confirmed that there are 2 JVs taken over by the company, namely PT JDSports Fashion Indonesia (JDFI) and PT JDSports Fashion Distribution (JDFD). ERAL has...
Solusi Sinergi Digital Tbk (WIFI), a digital advertising and network infrastructure, has injected extra capital to one of its subsidiaries, PT Dharma Sinar Semesta (DSS), in order to promote business development. Yune Marketatmo, President Director of WIFI, confirmed that the extra capital given to DSS clocks up to IDR 53.44 billion. This brings total issued...
JAKARTA -PT Adhi Commuter Properti Tbk (ADCP) is eyeing recurring income contribution of 5% of its net profit in the past 5 years. As of September 2024, this company has 50% remaining of its landbank of 142.2 hectares (Ha) to be developed as revenue driver. Rizkan Firman, President Director of ADCP, mentioned that the recurring...
Daya Intiguna Yasa Tbk (MDIY), a retail company known as MR DIY, will conduct initial public offering (IPO) by issuing 2.51 billion shares or equal to 10% of issued and paid-up capital. This corporate action is deemed a monumental milestone for MR DIY after entering the Indonesian market in 2017. “Our vision is to continue...
The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is expected to lower its Official Cash Rate by 50 basis points, to 4.25 percent from 4.75 percent. Australia will see Q3 numbers for...
The South Korea stock market on Tuesday ended the two-day winning streak in which it had advanced more than 50 points or 2 percent. The KOSPI now sits just above the 2,520-point plateau although its expected to see renewed support on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The Singapore stock market has moved lower in back-to-back sessions, dropping almost 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,710-point plateau although its expected to stop the bleeding on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for...
The Taiwan stock market on Tuesday snapped the two-day winning streak in which it had jumped almost 400 points or 1.8 percent. The Taiwan Stock Exchange now rests just beneath the 22,680-point plateau although its expected to bounce higher again on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The value of construction work done in Australia was up a seasonally adjusted 1.6 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.344 billion. That beat expectations for an increase of 0.4 percent and was up from 0.1 percent in the three...