2025 tobacco excise target lowered, tobacco firms collectively strengthen
05 Dec 2024 15:47
The Indonesian government has set a tobacco excise target of Rp230.09 trillion for 2025, marking a 6.5% reduction from this year's target.
Divesting 2 PLTU, investors on the look for TOBA
28 Nov 2024 06:00
The plan of PT TBS Energi Utama Tbk (TOBA) to divest its subsidiaries, PT Gorontalo Listrik Perdana (GLP) and PT Minahasa Cahaya Lestari (MCL), triggers positive response from foreign investors.
TBS Energi Utama to hold a buyback of 816.78 million shares
12 Nov 2024 14:34
PT TBS Energi Utama Tbk (TOBA), a company engaged in several business lines in energy industry, will hold a buyback of 816.78 million shares at most, or equal to 10% of total issued and paid-up capital of the company.
TOBA to acquire Singapore company to promote waste management
11 Nov 2024 07:53
PT TBS Energi Utama Tbk (TOBA), an issuer in the management consultancy field and a holding company, has reportedly acquired Sembcorp Environment Pte Ltd (SEPL).
TBS Energi Utama to divest PLTU of 200 MW for USD 144.8 million
08 Oct 2024 09:38
PT TBS Energi Utama Tbk (TOBA) has divested its asset in the form of steam power plant (PLTU) with total capacity of 200 MW operated by two of its subsidiaries, PT Minahasa Cahaya Lestari (MCL) and PT Gorontalo Listrik Perdana (GLP).
HMSP’s net profit corrected 11.47% in H1 2024
24 Jul 2024 15:07
PT Hanjaya Mandala Sampoerna Tbk (HMSP), a cigarette manufacturer with the highest market capitalisation in Indonesia, scores net profit of IDR 3.32 trillion in the first half (H1) of 2024.
Strengthening renewable energy business, TOBA to pair up with PLN for JV
17 Apr 2024 09:01
PT TBS Energi Utama Tbk (TOBA), a coal mining company, now transforming to renewable energy, has established a joint venture (JV) with PT PLN Nusantara Renewables (PLN NR).
TBS Energi Utama announces acquisition of waste processing company
29 Jan 2024 12:25
PT TBS Energi Utama Tbk (TOBA), a coal producer which is now focusing on renewable energy infrastructure, has acquired waste management company ARAH Environmental (AE).
IMAS to conclude JV agreement with Autobacs Seven
17 Jan 2024 07:51
PT Indomobil Sukses Internasional Tbk (IMAS), a car manufacturer and distributor under Salim Group, has ended the joint venture (JV) agreement with Autobacs Seven Co., Ltd.
Acquiring credit from Mandiri, TOBA takes over medical waste treatment company
29 Aug 2023 08:36
PT TBS Energi Utama Tbk (TOBA), a coal mining company, has acquired medical waste treatment company called Asia Medical Enviro through one of its subsidiaries.
