Loan disbursements projected to increase in Q4 2024
22 Oct 2024 16:10
Credit distributions are projected to rise in the fourth quarter (Q4) of 2024 compared to Q3 2024.
WSBP losses swell 25.6% to IDR 640.6 billion in 9M 2024
22 Oct 2024 12:22
PT Waskita Beton Precast Tbk (WSBP) posted a loss of IDR 640.6 billion in the first nine months (9M) of 2024, 25.6% higher year-on-year (yoy) or compared to the same period last year.
Mitra Investindo establishes new subsidiary with IDR 2.5 billion investment
22 Oct 2024 09:59
PT Mitra Investindo Tbk (MITI) announced the establishment of a new subsidiary called PT Karana Mitra Logistik (KML).
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).
UNTR completes acquisition of geothermal company worth US$80.58 million
18 Oct 2024 10:01
PT United Tractors Tbk (UNTR) has completed the acquisition of 257,449 shares of Supreme Energi Rantau Dedap (SERD), a geothermal power generation company, at a price of US$80.58 million or IDR 1.25 trillion.
MPPA injects IDR 7.5 billion in capital for neglected subsidiaries
17 Oct 2024 09:02
PT Matahari Putra Prima Tbk (MPPA), a retail issuer that operates the Matahari and Hypermart store networks, has distributed additional capital to one of its subsidiaries, namely PT Matahari Super Ekonomi (MSE).
In need of additional capital, Blibli to carry out private placement of 4.9 billion shares
16 Oct 2024 13:38
PT Global Digital Niaga Tbk (BELI), the issuer of the Djarum Group which oversees Blibli.com, will carry out additional capital without granting pre-emptive rights (PMTHMETD) or private placement by issuing 4.9 billion new shares.
Weak financial profile, Pefindo confirms Waskita Karya's default status
16 Oct 2024 09:36
The Indonesian Securities Rating Agency (Pefindo) has confirmed the "idSD" or Selective Default rating for PT Waskita Karya (Persero) Tbk (WSKT), following the company's financial profile which has not improved.
BNI and Garuda Indonesia Offer Bonuses of up to 25,000 GarudaMiles for Garuda BNI Credit Card Holders
14 Oct 2024 17:45
To commemorate the 25th anniversary of GarudaMiles, PT Bank Negara Indonesia (Persero) Tbk or BNI and PT Garuda Indonesia (Persero) Tbk are providing various attractive offers to Garuda BNI Credit Card users.
IBST secures IDR 600 billion loan from Bank Permata
14 Oct 2024 17:31
PT Inti Bangun Sejahtera Tbk (IBST) has obtained a loan facility of IDR 600 billion from dari PT Bank Permata Tbk (BNLI).