Taking over 51% of TUJ, GRPM to expand distribution network
28 May 2024 14:59
PT Graha Prima Mentari Tbk (GRPM), a distributor of carbonated drinks, will expand its distribution network by acquiring 51% of PT Tri Usaha Jaya (TUJ).
Stock price slipped 16.7%, JECC’s shareholders agreed upon stock split
28 May 2024 14:08
Shareholders of PT Jembo Cable Company Tbk (JECC) have granted approval regarding the plan of stock split in the Extraordinary General Meeting of Shareholders (EGMS) held last week.
Now custodian, BTPN to promote investments in capital market
28 May 2024 10:01
PT Bank BTPN Tbk (BTPN) has now secured approval from Financial Services Authority (OJK) as a custodian bank that assists institutional and individual investors, both local and international ones.
Medco Energi to divest in Area 47 Libya, transferring it to NOC
28 May 2024 09:05
PT Medco Energi Internasional Tbk (MEDC) has reportedly divested its shares in Area 47 contract located in Libya and transferred them to Libya National Oil Corporation (NOC).
Sinergi Multi Lestarindo to launch latest innovation in ICI 2024
28 May 2024 08:04
PT Sinergi Multi Lestarindo Tbk (SMLE), a distributor of raw materials for cosmetic as well as food and beverages, will join Indonesia Cosmetic Ingredients (ICI) 2024 that will be held at JIEXPO Jakarta on May 29-31.
Panin Financial’s net profit rose 26.28% in Q1
27 May 2024 15:15
PT Panin Financial Tbk (PNLF), a subsidiary of PT Paninvest Tbk (PNIN) engaged in business consultancy and management service, booked net profit of IDR 418 billion in Q1 2024.
Debuting, BATR eyes IDR 71.3 billion in IPO
27 May 2024 13:38
PT Benteng Api Technic Tbk (BATR), a manufacturer and distributor of refractory or heat-resistant materials, will conduct its initial public offering (IPO) to raise funds of up to IDR 71.3 billion.
Integrating mobile and FBB business, EXCL takes over LINK’s B2C for IDR 1.87 trillion
27 May 2024 13:32
PT XL Axiata Tbk (EXCL) plans to acquire residential business (B2C) unit and rent 3.3 million home passes of PT Link Net Tbk (LINK) for IDR 1.87 trillion in total.
Barito Renewables Energy now listed in FTSE Global Equity Index
27 May 2024 07:11
PT Barito Renewables Energi Tbk (BREN), a renewable energy company under Barito Pacific Group, has entered FTSE Global Equity Index under the category of the highest market capitalisation in June 2024.
Gov’t to set up yet another SUN auction, aiming IDR 22 trillion next week
22 May 2024 14:22
The Indonesian government is once again holding the auction of Government Securities (lit. Surat Utang Negara/SUN) next Tuesday (28/5) with an indicative target of IDR 22 trillion.
