Economic growth rebounds in 2022
07 Feb 2023 13:53
Economic growth in 2022 was recorded at 5.31%, the highest in the last five years. This achievement accelerated after a deficit of 2.07% in 2020 and recovered to 5.01% in 2021.
ELPI to acquire Malaysian offshore drilling supplier
07 Feb 2023 10:41
PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) has acquired Kazo Marine Sdn Bhd, a supplier for offshore drilling needs based in Malaysia.
Shareholders of MDRN against asset divestment
07 Feb 2023 06:06
PT Modern Internasional Tbk (MDRN) fails to obtain approval from shareholders regarding the plan of divestment and security of over 50% of its assets.
Berdikari Perkasa Foundation eyes IDR 141.22 billion of fresh funds via IPO
06 Feb 2023 17:27
PT Berdikari Pondasi Perkasa Tbk (BDKR) will carry out an initial public offering (IPO) of 706.1 million shares on the Indonesia Stock Exchange (IDX).
OJK to review RPK of AJB Bumiputera 1912
06 Feb 2023 14:32
The Financial Services Authority (OJK) is reviewing closely the Financial Recovery Plan (RPK) submitted by AJB Bumiputera 1912 (AJBB) under an on-site supervisory presence.
Weighed down by crisis, TDPM to stabilise itself in 2023
06 Feb 2023 10:23
In 2023, PT Tridomain Performance Materials Tbk (TDPM), a specialty material provider for property and automotive sectors, aims to fix issues and improve its organisation and performance to slowly recover from its current financial crisis.
Crypto exchange targeted to be completed this year
03 Feb 2023 14:02
The Ministry of Trade targets the crypto asset exchange to be completed in early Semester I of 2023.
Bank Central Asia allocates IDR 8.7 trillion in capex
03 Feb 2023 13:34
PT Bank Central Asia Tbk (BBCA) allocated capital expenditure (capex) of IDR 8.7 trillion, up 40% from the realization of capital expenditure in 2022 which reached IDR 5.8 trillion.
Syndicate to grant FREN IDR 7.5 trillion loan
03 Feb 2023 09:23
A syndicate of banks has granted a facility to PT Smartfren Telecom Tbk (FREN) with a credit limit of IDR 7.2 trillion.
KRAS to channel IDR 3.24 trillion to subsidiaries
03 Feb 2023 08:47
PT Krakatau Sarana Infrastruktur (KSI), a subsidiary of PT Krakatau Steel (Persero) Tbk (KRAS), had reportedly made a divestment worth IDR 3.24 trillion in two of its subsidiaries and transferred the portion to PT Chandra Asri Petrochemical Tbk (TPIA).