VKTR and Pertamina establish joint venture for electric vehicle business
19 Mar 2024 19:17
PT VKTR Teknologi Mobilitas Tbk (VKTR) has signed a partnership with PT Pertamina Power Indonesia (PPI), a subsidiary of PT Pertamina (Persero).
FREN suffers loss, despite increase in revenue
19 Mar 2024 17:57
PT Smartfren Telecom Tbk (FREN) recorded a loss of IDR 599.63 billion in 2023, even though its revenue increased by 4.13%. In 2022, the company recorded a profit of IDR 1.64 trillion.
SONA reaches top gainers at closing bell
19 Mar 2024 17:50
Shares of PT Sona Topas Tourism Industry Tbk (SONA) jumped 25% until the closing bell and reached Top Gainers on Tuesday (19/3).
In time of Ramadhan, AXA Mandiri launches Amanah Syariah Protection Insurance
19 Mar 2024 17:49
AXA Mandiri introduces its latest protection insurance product in sharia line, Amanah Syariah Protection Insurance.
INKP to issue US$ 25 million bonds
19 Mar 2024 17:17
PT Indah Kiat Pulp & Paper Tbk (INKP) will issue Shelf Registration USD Bonds I Phase III 2024 amounting to US$ 25 million on April 1, 2024.
APEX bags US$13.7 million contract from Pertamina
19 Mar 2024 15:47
PT Apexindo Pratama Duta Tbk (APEX), a coal and oil and gas support services company, has obtained a marine drilling contract from PT Pertamina Hulu Kalimantan Timur (PHKT).
SOE Insurance Holding, IFG, aims for market leader position
19 Mar 2024 15:25
Indonesia Financial Group (IFG), a holding of state-owned enterprises (SOEs) in the fields of insurance, guarantee and investment, targets to become market leaders in the general insurance industry
Over 1 billion Gojek Tokopedia shares are traded; net foreign volume closed at minus 118.39 million shares
19 Mar 2024 14:33
On Monday, March 18, foreign investors sold 1.36 billion shares and purchased 1.13 billion shares of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), bringing the net volume to -228.09 million shares. The amount of this transaction contributed to a foreign buying volume of around 2.87 billion shares and a foreign selling volume of 2.99 billion shares. As a result, net foreign volume closed at -118.39 million shares.
UBS AG Hong Kong has invested 9.06 billion shares in Bukalapak.com (BUKA)
19 Mar 2024 14:23
On Thursday, March 14, PT Bukalapak.com Tbk (BUKA), an online shopping platform, welcomed a new foreign investor. Through BUT Deutsche Bank AG, the foreign investor known as UBS AG Hong Kong Non-Treaty Omnibus Account - 2052034005 recently purchased 9.06 billion BUKA shares, or roughly 8.79% of the stakes.
Following its acquisition of Mandala Multifinance (MFIN), MUFG Bank Ltd. holds 70% control
19 Mar 2024 13:56
On Wednesday, March 13, MUFG Bank Ltd., a Japanese bank, took over as PT Mandala Multifinance Tbk's (MFIN) new controlling shareholder. Having acquired more than 1.87 billion shares through PT Bank Danamon Indonesia Tbk, this investor now holds 70.61% of the shares of the consumer finance company. Local investor PT Adira Dinamika Multi Finance Tbk also acquired 265 million MFIN shares in total, granting it immediate control over 10% of the shares.
