BOSS to seek judicial review after appeal got denied
15 Feb 2023 10:09
PT Borneo Olah Sarana Sukses Tbk (BOSS) will immediately ask for a judicial review following the Supreme Court’s decision not to grant its subsidiary’s appeal.
BIPI’s subsidiary secures syndicate loan of USD 432.77 million
14 Feb 2023 06:04
PT Sintesa Bara Gemilang (SBG), a subsidiary of PT Astrindo Nusantara Infrastruktur Tbk (BIPI) has obtained a credit facility from a syndicate of financial institutions of USD 432.77 million.
Adira Finance profit soars 32,21%
10 Feb 2023 13:31
PT Adira Dinamika Multi Finance Tbk (ADMF) posted a 32.21% increase in profit for the year despite slumping revenue in 2022. This achievement was due to efficiency in total expenses to IDR 6.30 trillion from IDR 7.05 trillion.
PTPP and 5 other SOEs set up a JV with IDR 85 billion in investment
06 Feb 2023 17:20
PT PP (Persero) Tbk (PTPP) and 5 other State-Owned Enterprises (BUMN) have worked together to form a joint venture company called PT Karya Logistik Nusantara (KLN).
License got revoked, IBFN to shift to trading
03 Feb 2023 09:06
PT Intan Baru Prana Tbk (IBFN) has officially changed its business direction from a financing venture to a trading company and commercial transportation equipment provider, following the revocation of its business license as a financing company.
Mandiri Tunas Finance saw 18.8% revenue growth
26 Jan 2023 06:10
PT Mandiri Tunas Finance (MTF) has managed to secure IDR 3.77 trillion of revenue throughout 2022, shifting 18.8% year-on-year (yoy) from IDR 3.18 trillion in 2021.
Kayu Agung-Palembang Toll vendor sued WSKT for PKPU
09 Jan 2023 07:32
PT Waskita Karya (Persero) Tbk (WSKT) is sued for the Suspension of Debt Payment Obligation (lit. Penundaan Kewajiban Pembayaran Utang/PKPU) regarding its debts worth IDR 2.03 billion.
Tunas Persada Cemerlang acquires stakes in Bank Capital and Pacific Strategic Financial
05 Jan 2023 07:38
PT Tunas Persada Cemerlang became a new investor in two issuers on the last trading day of 2022, Friday, December 30. The first is PT Bank Capital Indonesia Tbk, where Tunas Persada Cemerlang bought 1,031,316,310 shares or 5.17% of the company. Following that, the company purchased 635,086,850 shares from PT Pacific Strategic Financial Tbk (APIC), resulting in an immediate 5.4% ownership.
Semen Indonesia acquires 83.52% of Solusi Bangun Indonesia
03 Jan 2023 08:31
On Thursday, December 29, just two days before the end of 2022, PT Semen Indonesia (Persero) Tbk (or SIG) became a new shareholder and controller at PT Solusi Bangun Indonesia Tbk (SMCB). SIG purchased up to 7,533,148,888 shares, immediately acquiring 83.52% ownership of this cement manufacturer.
The net foreign volume was negative 144 million shares at the end of the year
03 Jan 2023 08:16
The final trading day of 2022 saw a net foreign trading volume of a negative 144.71 million shares. Foreign investors bought 1.6 billion Indonesian shares and sold 1.75 billion on Friday, December 30th. In December alone, total foreign net volume was recorded in the red zone, with minus 22.15 billion shares.
