Bakrie Media Group faced temporary PKPU lawsuit
16 Feb 2024 10:31
PT Laras Nugraha Cipta (LNC) has filed a suspension of debt payment obligation (PKPU) against several television broadcasting companies under Bakrie Group.
Singaporean investor First Fortuna Holdings bought 452 million Wijaya Cahaya Timber (FWCT) shares
16 Feb 2024 10:15
On Tuesday, February 13, foreign investor First Fortuna Holdings Pte. became a new shareholder in PT Wijaya Cahaya Timber Tbk (FWCT). This Singaporean investor acquired approximately 452.25 million shares, granting it 24.12% of the shares in this plywood company. PT BCA Sekuritas handled this share purchase transaction on behalf of First Fortuna.
Foreign buys reach 4 billion shares; net foreign volume closes at a 995 million surplus
16 Feb 2024 10:13
On Thursday, February 15, foreign investors purchased shares from Indonesian issuers, with a total foreign buy volume reaching 4.40 billion shares. This figure brought the net foreign volume to a surplus of 995.69 million shares. Moreover, the foreign selling volume this time was roughly 3.40 billion shares.
Lippo Karawaci to divest land for IDR 279.88 billion to Siloam Hospitals
16 Feb 2024 09:52
PT Lippo Karawci Tbk (LPKR), a property developer under Lippo Group, has conducted a Conditional Sales and Purchase Agreement (CSPA) with PT Siloam International Hospitals Tbk (SILO) for a landbank of 6,096 square metres (m2).
Gov’t to hold anther state sukuk auction, eyeing IDR 12 trillion
15 Feb 2024 16:02
Indonesian government will once again hold an auction of Government Sharia Securities (SBSN) or State Sukuk on February 20, 2024, with an indicative target of IDR 12 trillion.
Bank Woori Saudara’s net profit down 18.90%
15 Feb 2024 15:56
The net profit of PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) declined up to 18.90% year-on-year (yoy) in 2023. In contrast, its revenue actually increased in 2023.
WIFI to convert subsidiary’s debt to equity worth IDR 132.4 billion
15 Feb 2024 15:27
PT Solusi Sinergi Digital Tbk (WIFI), an application and internet service provider, has converted debts of its subsidiary, PT Integrasi Jaringan Ekosistem (IJE), worth IDR 132.4 billion, to equity.
TOBA to supply renewable energy to PLN Nusantara Power
15 Feb 2024 14:38
PT TBS Energi Utama Tbk (TOBA) and PT PLN Nusantara Power (PLN NP) sign a power sale and purchase with PLN Batam regarding the Tembesi Floating Solar Power Plant of 46 MWp.
Sujaka Lays now owns 48% of Black Diamond Resources (COAL) after acquiring 1.4 billion shares.
15 Feb 2024 12:56
On Monday, February 12, Sujaka Lays, a young entrepreneur and the proprietor of PT Black Diamond Resources Tbk (COAL), acquired 1.4 billion shares of the coal issuer. After this most recent transaction, Sujaka's ownership of the shares increased to 48.01% from his previous 25.61%.
Saw 21.12% growth, Adira Finance scored IDR 1.94 trillion of profit
15 Feb 2024 11:07
PT Adira Dinamika Multi Finance Tbk (ADMF) scored current year’s profit growth of 21.12% year-on-year (yoy) to IDR 1.94 trillion throughout 2023 from IDR 1.60 trillion recorded throughout 2022.
