Asep Sabanda sued for insolvency
16 Feb 2024 10:59
Asep Sulaeman Sabanda (ASS), also known as the Sultan of Subang, faced a lawsuit of Suspension of Debt Payment Obligation (PKPU) in the Commercial Court of Central Jakarta District Court.
Bakrie Media Group faced temporary PKPU lawsuit
16 Feb 2024 10:31
PT Laras Nugraha Cipta (LNC) has filed a suspension of debt payment obligation (PKPU) against several television broadcasting companies under Bakrie Group.
Bank Woori Saudara’s net profit down 18.90%
15 Feb 2024 15:56
The net profit of PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) declined up to 18.90% year-on-year (yoy) in 2023. In contrast, its revenue actually increased in 2023.
WIFI to convert subsidiary’s debt to equity worth IDR 132.4 billion
15 Feb 2024 15:27
PT Solusi Sinergi Digital Tbk (WIFI), an application and internet service provider, has converted debts of its subsidiary, PT Integrasi Jaringan Ekosistem (IJE), worth IDR 132.4 billion, to equity.
TOBA to supply renewable energy to PLN Nusantara Power
15 Feb 2024 14:38
PT TBS Energi Utama Tbk (TOBA) and PT PLN Nusantara Power (PLN NP) sign a power sale and purchase with PLN Batam regarding the Tembesi Floating Solar Power Plant of 46 MWp.
Bank Permata’s profit up 28.41% to IDR 2.5 trillion
15 Feb 2024 10:06
PT Bank Permata Tbk (BNLI) managed to book net profit of IDR 2.5 trillion in 2023, 28.41% higher than 2022’s net profit of IDR 2.01 trillion.
KAI obtains US$ 448.07 million loan from China Development Bank
13 Feb 2024 15:45
PT Kereta Api Indonesia (Persero) has obtained a total loan facility of US$ 448.07 million from China Development Bank to finance the cost overrun of the Jakarta-Bandung high-speed train project.
BTN saw 14.95% increase in profit, reaching IDR 3.5 trillion
13 Feb 2024 11:46
PT Bank Tabungan Negara (Persero) Tbk (BBTN) booked current year’s net profit of IDR 3.5 trillion in 2023, 14.95% higher than IDR 3.04 trillion in 2022.
BTPS saw 39.2% decrease in 2023 profit
12 Feb 2024 15:20
PT Bank BTPN Syariah Tbk (BTPS), one of banks under Sumitomo Mitsui Banking Corporation in Indonesia, reported net profit of IDR 1.08 trillion throughout 2023.
Smooth IPO, MEJA is eyeing B2C market
12 Feb 2024 11:38
PT Harta Djaya Karya Tbk (MEJA) is ready to branch out to a new business model, business-to-consumer (B2C) after securing its spot at the board through its initial public offering (IPO) today (12/2).
