NCKL to form joint venture, owning 36%
06 Sep 2023 11:12
PT Trimegah Bangun Persada Tbk (NCKL) expands its business in the nickel mining industry by introducing a joint venture named PT Karya Tambang Sentosa (KTS).
MCSI and Mitsui OSK Lines form JV
28 Aug 2023 14:05
PT MCS Internasional (MCSI), a subsidiary of PT Humpuss Maritim Internasional Tbk (HUMI) teamed up with Mitsui OSK Lines Ltd (MOL) to establish a joint venture, PT McMOL Crewing International, related to the expansion of the LNG crew rental business.
WOOD to restructure subsidiaries in wood concession
21 Jul 2023 14:30
PT Integra Indocabinet Tbk (WOOD) restructures its portion in PT Narkata Rimba (NR) to PT Belayan River Timber (BRT). After this portion transfer, BRT is now the major shareholder of NR.
Equity worth IDR 18.3 trillion, Indolife reigns over 50 insurance companies
17 Jul 2023 11:24
PT Indolife Pensiontama recorded equity worth IDR 18.3 trillion as of March 2023, arriving at the top among 50 insurance companies with highest equity in the non-bank financial industry.
Efficiency, BWPT to divest 5 subsidiaries at once
12 Jun 2023 06:00
PT Eagle High Plantations Tbk (BWPT) sold off its entire portions in five of its subsidiaries.
Perusahaan Gas Negara to distribute USD 228.37 million of dividend
08 Jun 2023 18:02
PT Perusahaan Gas Negara Tbk (PGAS) reveals its plan to distribute cash dividend of USD 228.37 million or approximately IDR 141.05 per share that will be taken out of its net profit in 2022.
PGAS concludes buyback of senior bonds of USD 499.85 million
06 Jun 2023 10:26
PT Perusahaan Gas Negara Tbk (PGAS) has completed the buyback of senior bonds issued in 2014 with a total value of USD 499.85 million.
Merdeka Battery acquires USD 175 million loan
30 May 2023 08:45
PT Merdeka Battery Materials Tbk (MBMA) secures a loan worth USD 175 million from PT Merdeka Copper Gold Tbk (MDKA) to enhance its working capital and fund operational activities.
Bank Jago to seek extra capital via MESOP
24 May 2023 06:06
PT Bank Jago Tbk (ARTO) will issue 250 million shares through a management and employee stock ownership program (MESOP).
PLN scored 197% profit growth in Q1 2023
22 May 2023 10:29
PT Perusahaan Listrik Negara (Persero) or PLN managed to collect net profit of IDR 16.04 trillion in the first quarter of 2023.
