Ready to compete with Chinese manufacturers, Astra launches 3 new battery-powered EVs
18 Sep 2024 17:19
PT Astra International Tbk (ASII) will compete with electric vehicle (EV) players from China, which have already been circulating in Indonesia.
No more coal business expansion, UNTR confident on branching out to mineral mining and NRE
18 Sep 2024 14:46
PT United Tractors Tbk (UNTR), an issuer engaged in the mining industry, reasserts its intention to no longer expand its coal mining business and instead direct its focus on diversification to mineral mining and investment in new and renewable energy (NRE).
Alibaba Group to promote GOTO’s digital innovation
17 Sep 2024 17:03
Alibaba Group is providing Alibaba Cloud services to advance digital innovation of PT Goto Gojek Tokopedia Tbk (GOTO) for the next five years.
ENRG to guarantee subsidiary’s credit facility of USD 198 million
05 Sep 2024 09:36
PT Energi Mega Persada Tbk (ENRG), an oil and gas company under Bakrie Group, has provided guarantee for a credit facility obtained by one of its subsidiaries, PT Imbang Tata Alam (ITA).
Nev Stored Energy to set up tender offer for LABA’s shares
05 Sep 2024 09:01
PT Nev Stored Energy (NSE) will initiate a voluntary tender offer for the shares of PT Green Power Group Tbk (LABA), a steel manufacturer formerly called PT Ladangbaja Murni Tbk.
Solid operational aspects post-COVID, BMHS saw profit surge of nearly 200%
26 Aug 2024 11:08
As of June 2024, PT Bundamedik Tbk (BMHS) reported slight increase in revenue of 9% year-on-year (yoy) compared to H1 2021.
Efficiency allows Citi Indonesia to book 14% surge in H1 2024 net profit
15 Aug 2024 18:32
Citibank N.A. Indonesia, or widely known as Citi Indonesia, reported solid growth in its net profit performance in the first half (H1) of 2024, increasing 14% year-on-year (yoy).
Citi Indonesia: Low domestic consumption calls for structural reform, starting from services sector boost
09 Aug 2024 15:02
Amidst the streak of domestic consumption decline, Helmi Arman, Chief Economist of Citi Indonesia, believes that one of the keys to correct the issue lies on balanced growth of economic sector, giving more emphasis on labour-intensive sector, such as services sector.
Citigroup: US in early phase of recession, opportunity for BI-rate cut
08 Aug 2024 11:39
Chief Economist of Citi Indonesia, Hemi Arman, revealed that the US economy is probably heading towards recession.
Operational solid, Harita Nickel’s revenue and profit soared double-digit
01 Aug 2024 10:53
PT Trimegah Bangun Persada Tbk (NCKL), widely known as Harita Nickel, reported revenue increasing 25% year-on-year (yoy) in the first half of 2024, boosting its net profit by 10.4% yoy due to solid operational aspects.
