Expanding to culinary business, Djarum Group to acquire Bakmi GM
10 Dec 2024 13:05
The Djarum Group will acquire 85% of the shares of PT Griya MieSejati, the parent company of the oldest noodle restaurant chain in Indonesia known as Bakmi GM.
US-China tension haunts Asian coal market, Adaro spoke up
05 Dec 2024 11:31
On its debut on IDX today (5/12), PT Adaro Andalan Indonesia Tbk (AADI) expressed optimism about the sustained attractiveness of the coal market.
JCI shot up 1.82%, led by Barito Group and banking shares
05 Dec 2024 06:01
The Composite Stock Price Index (IHSG) in trading on Wednesday (4/12) this week rose again by 1.82% or 130.75 points to the level of 7,326.76 per share.
Prioritising core business, here's Waskita Karya's next year's strategy
26 Nov 2024 16:22
PT Waskita Karya (Persero) Tbk (WSKT), a state-owned construction company, has decided to refocus its business strategy on its core operations: construction services, particularly in building, dam and irrigation projects, as well as roads and bridges.
New contracts at 47% of target, Waskita still confident of reaching 100% in remaining two months
26 Nov 2024 13:40
PT Waskita Karya (Persero) Tbk (WSKT) recorded new contract values (NKB) of only IDR 6.8 trillion by the end of October 2024 (10M), still far from its annual target of IDR 14.5 trillion.
Adaro Andalan plans to use IPO proceeds for investment and loan repayment
20 Nov 2024 15:59
PT Adaro Andalan Indonesia Tbk (AADI), a subsidiary of PT Adaro Energy Indonesia Tbk (ADRO) that will make its debut on Indonesia Stock Exchange (IDX), reveals plans of IPO proceeds’ utilisation.
Akulaku Group to divest shares in Bank Neo Commerce
20 Nov 2024 09:43
Akulaku Group, the major shareholder of PT Bank Neo Commerce Tbk (BBYB) is planning gradual divestment of its shares to 30% of BBYB’s issued and paid-up capital.
Profits skyrocketed to double digits, Citi's net profit reaches IDR 2.2 trillion as of September
13 Nov 2024 17:42
Citibank N.A. Indonesia, or what is usually called Citi Indonesia, managed to record a net profit increase of 32% year-on-year (yoy) at the end of September 2024.
Astra’s car sales up 8.7% in October 2024
11 Nov 2024 17:37
Slipped in September, PT Astra International Tbk (ASII) reported Astra car sales increasing 8.7% month-to-month (mtm) to 43,596 units from 40,096 units recorded last September.
Revenue skyrocketing, Venteny’s profit plummeted 60.5%
07 Nov 2024 13:51
The revenue of PT Venteny Fortuna International Tbk (VTNY) managed to report 86% year-on-year (yoy) surge, but its profit dropped significantly by up to 60.5% yoy at the end of September (9M) 2024.
