JAKARTA. The initiative to process urban solid waste into Refuse Derived Fuel (RDF) to replace coal fuel succeeded in bringing the Best CEO award to Donny Arsal, President Director of PT Semen Indonesia (Persero) Tbk (SMGR). This award was given by Tempo-IDNFinancials at the Top CEO event in Bandung, on Friday (15/11). This award was...
Surya Toto Indonesia Tbk (TOTO), a sanitation and kitchen appliances manufacturer, will distribute interim dividend of IDR 123.84 billion. Ng Agus Setiawan, Corporate Secretary of TOTO, mentioned that said plan aligns with the decision made by the board of directors a couple of days ago. “It had been approved by the board of commissioner on...
JAKARTA. PT Petrosea Tbk (PTRO), an issuer of coal and oil and gas mining support services, will issue bonds and sukuk ijarah with a total principal amount of IDR 1.5 trillion. The bonds to be issued by PTRO are part of PTROs Shelf Registration Public Offering (PUB) I, with a target of raising funds of...
JAKARTA – Citibank N.A. Indonesia, or what is usually called Citi Indonesia, managed to record a net profit increase of 32% year-on-year (yoy) at the end of September 2024. This increase was driven by operational expense efficiency, which was indicated by the cost-to-income ratio (CIR) which improved to 41.9% from 59.8%. As of September (9M)...
Waskita Beton Precast Tbk (WSBP), a precast concrete manufacturer under PT Waskita Karya (Persero) Tbk (WIKA), announces its plan to increase capital without pre-emptive rights, or private placement, of 178.54 million shares. This is the Private Placement Phase III initiated by the company in relation to debt conversion from several creditors. This debt conversion follows...
The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserves monetary policy moves. The benchmark S&P/TSX Composite Index was up 95.46 points or 0.38% at...
The U.S. dollar drifted lower on Monday as bond yields fell, and the Euro gained in strength after European Central Bank Governing Council member Nagel said central banks may have to raise rates in the event of inflationary pressures rise. Data showing an increase in U.S. homebuilder confidence in the month of November helped limit...
The Reserve Bank of Australia will on Tuesday release the minutes from its November 5 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity. At the meeting, the RBA maintained its benchmark interest rate at a 13-year high of 4.35 percent for the eighth straight session, saying that underlying inflation remains too high....
The Canadian market closed on a firm note on Monday, lifted by gains in energy and materials stocks as commodity prices climbed higher amid an escalation in the Russia - Ukraine war. The benchmark S&P/TSX Composite Index, which climbed to 25,082.87, ended with gain of 86.26 points or 0.35% at 24,976.94. The Materials Capped Index...
The South Korea stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had plunged almost 250 points or 5.8 percent. The KOSPI now sits just beneath the 2,470-point plateau and it may tick higher again on Tuesday. The global forecast for the...