Astra’s car sales up 8.7% in October 2024
11 Nov 2024 17:37
Slipped in September, PT Astra International Tbk (ASII) reported Astra car sales increasing 8.7% month-to-month (mtm) to 43,596 units from 40,096 units recorded last September.
INCO and GEM Co to collaborate on net-zero nickel production
11 Nov 2024 16:16
PT Vale Indonesia Tbk (INCO) and GEM Co Ltd, Beijing, China, have reportedly agreed upon a contract regarding investment in net-zero nickel production in Central Sulawesi.
Forex reserves arrived at USD 151.2 billion in October 2024
07 Nov 2024 16:45
Indonesia’s foreign exchange (forex) reserves as of October 2024 were recorded at USD 151.2 billion, up from USD 149.9 billion in September 2024.
BRI channelled loan and financing of IDR 1.35 quadrillion as of September 2024
04 Nov 2024 13:06
Loan and financing distribution of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) reportedly grew 8.2% year-on-year (yoy) to IDR 1.35 quadrillion as of September (9M) 2024 from IDR 1.25 quadrillion in 9M 2023.
Automotive industry sluggish, new ADMF financing declines by 9% as of September 2024
01 Nov 2024 18:31
PT Adira Dinamika Multi Finance Tbk (ADMF) recorded a decline in new financing of up to 9% year-on-year (yoy) at the end of September (9M) 2024, following the trend of weakening car sales.
Shoes sales decline, BIMA to divest assets to cover debts
01 Nov 2024 10:30
PT Primarindo Asia Infrastructure Tbk (BIMA), a shoe manufacturer operating since 1989, will divest some of its landbank to pay its obligations to creditors and suppliers.
Multi Bintang Indonesia’s net profit grew 28.6% in 9M 2024
24 Oct 2024 13:02
PT Multi Bintang Indonesia Tbk (MLBI), an alcoholic beverage manufacturer, booked net profit of IDR 762.57 billion within the first nine months (9M) of 2024.
Optimising idle assets, AMFG enters warehouse leasing business
23 Oct 2024 15:36
PT Asahimas Flat Glass Tbk (AMFG) is expanding its business to warehouse leasing through its assets located in Ancol, North Jakarta.
Prabowo appointed ranks of ministers of Kabinet Merah Putih
21 Oct 2024 13:39
President Prabowo Subianto and Vice President Gibran Rakabuming Raka for the 2024-2029 period inaugurated the ranks of Ministers and Deputy Ministers of the Kabinet Merah Putih (KMP) on Monday (21/10).
Getting to know KasikornBank, Bank Maspion’s controller from Thailand
20 Oct 2024 18:48
After the acquisition of PT Bank Permata Tbk (BNLI) by Bangkok Bank, Indonesia is once again welcoming another acquisition by a major bank of Thailand, KasikornBank, or more familiarly known as KBank, through the takeover of 84.55% of PT Bank Maspion Tbk (BMAS).
