JAKARTA -PT Logindo Samuderamakmur Tbk (LEAD)will pay loan worth USD 20 million via debt conversion of 1.75 billion shares of IDR 25 each. This corporate action, carried out via a private placement, has been approved by its shareholders last week (14/11). Denny Haryanto, Corporate Secretary of LEAD, mentioned that the issued and paid-up capital will...
JAKARTA - PT Putra Adhi Prima (PAP), a subsidiary ofPT Agung Podomoro Land Tbk (APLN), has reportedly divested its assets in Ciawi, West Java, to PT Bangun Loka Indah (BLI) in order to boost its cashflow. Noer Indradjaja, Vice President Director of APLN, mentioned that the divested assets are Hotel Pullman Ciawi Vimala Hills Resort...
BANDUNG – Tempo, in collaboration with IDN Financials, has unveiled the list of the Top 51 Best Chief Executive Officers (CEOs) during the Top CEO Indonesia Awards 2024, held at the Pullman Bandung Grand Central in West Java, on Friday, November 15, 2024. This marks the second edition of the event, following the Top CEO...
BANDUNG – Irfan Setiaputra, CEO of PT Garuda Indonesia (Persero) Tbk (GIAA), has been awarded The Best CEO with a special mention for Inspirational Leadership in the Aviation Industry. The recognition was bestowed by Tempo and IDN Financials during the 2024 Top CEO Indonesia Awards, held at the Pullman Grand Central Bandung on Friday, November...
BANDUNG – Jahja Setiaadmadja, the CEO of PT Bank Central Asia Tbk (BCA), has received the prestigious The Best CEO with Special Mention: Enormous Support for National Stunting Reduction Program award at the Top CEO Indonesia Awards 2024, held in Bandung this Friday (15/11) by Tempo-IDNFinancials. Setiaadmadja earned this distinguished accolade thanks to BCAs firm...
European stocks are up in positive territory on Wednesday, recovering a bit after posting sharp losses in the previous session. Despite persisting concerns about Russia - Ukraine conflict, investors are picking up stocks, focusing on earnings and other corporate news, in addition to assessing the regional economic outlook. The pan European Stoxx 600 is up...
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange rose on Wednesday, amidst an easing in the tensions between Ukraine and Russia. The forty-scrip DAX index is currently trading 0.17 percent higher at 19,116.31, versus the previous close of 19,083.28. The days trading ranged between a...
The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. Markets expect the hot U.K. inflation figures could diminish the odds of the BoE delivering...
New Zealand will on Thursday release October figures for credit card spending, highlighting a light day for Asia-Pacific economic activity. In September, card spending was down 3.2 percent on year. Hong Kong will see October figures for consumer prices; in September, overall inflation was up 0.1 percent on month and 2.2 percent on year. Indonesia...
The Canadian market closed slightly up on Wednesday after a cautious session as investors awaited quarterly results from U.S. megacap NVIDIA due after trading hours, and some crucial economic data due later in the week. Worries about escalating tensions between Ukraine and Russia and uncertainty about the Federal Reserves interest rate moves rendered the mood...