Temas’s net profit slipped 42.62% yoy
a year ago
PT Temas Tbk (TMAS), a logistic and transportation company with the highest market capitalisation in Indonesia, recorded net profit of IDR 782.6 billion in 2023, dropping 42.62% year-on-year (yoy).
SCCO to stock split at 1:4 ratio
a year ago
Shareholders of PT Supreme Cable Manufacturing & Commerce Tbk (SCCO) agree upon the stock split plan with a ratio of 1:4, meaning that 1 share will be split into 4 shares with the same value.
Life insurance’s mutual fund assets down to IDR 78.2 trillion
a year ago
The mutual fund assets in Indonesian life insurance industry continued to decline. Within the past 3 years, they have shrunk by 52.71%.
Production thrives, PGEO saw 28% profit surge
a year ago
PT Pertamina Geothermal Energy Tbk (PGEO), an entity under Pertamina Group engaged in the geothermal energy industry, reported 28% year-on-year (yoy) profit surge at the end of 2023 to USD 163.57 million.
Multitrend Indo to transfer out 23.3 million treasury shares
a year ago
PT Multitrend Indo Tbk (BABY), a retailer of several child and infant products’ brands, will issue a sale of shares gained from a buyback or treasury stock sale of 23.3 million shares.
Insurance to await BI’s decision before rebalancing investment fund
a year ago
Insurance industry opts to direct investment funds to government securities (SBN) following the expectation of global interest rate decline in the next couple of months.
Divesting portion in GLVA, EPK to rake in IDR 11.33 billion
a year ago
PT Elsiscom Prima Karya (EPK) collects fresh funds of IDR 11.33 billion after divesting 27.5 million of its shares in PT Galva Technologies Tbk (GLVA) in a series of transaction last week.
IKN projects prompt growth in general insurance premium
a year ago
General Insurance Association of Indonesia (AAUI) reported that Nusantara Capital City (IKN) projects have triggered surge in industry premium in 2023.
Provident Investasi Bersama to issue jumbo bond, eyeing IDR 1.25 trillion
a year ago
PT Provident Investasi Bersama Tbk (PALM), an investment holding company of Saratoga Group, will issue the Shelf-Registration Bond II Phase II Year 2024 worth IDR 1.25 trillion.
GGRM’s subsidiary to manage Kediri-Tulungagung Toll Road
a year ago
PT Surya Sapta Agung Tol (SSAT), a subsidiary of PT Gudang Garam Tbk (GGRM), officially becomes the Business Operational Unit for Kediri-Tulungagung Toll Road for the next 50 years.