26 C
Jakarta
Sunday, January 20, 2019
JAKARTA (TheInsiderStories) - Property developer PT Moderland Realty Tbk (IDX:MDLN) has set asides Rp250 billion to buy back shares at maximum of 700 million units shares or 5.59 percent of the company's outstanding shares. The buyback was decided as the company considered its current share price is below the...
JAKARTA (TheInsiderStories) - PT Gajah Tunggal Tbk (IDX:GJTA) announced its plan to issue Notes (commercial paper) worth US$500 million or Rp6.66 trillion, the proceeds of which will be used to pay out its Senior Notes. The company pledged  its three existing assets - Head Office building as well as two...
JAKARTA (TheInsiderStories) - PT Hartadinata Abadi Tbk has revealed its plan to raise Rp240 billion from initial public offering (IPO) on the Indonesian Stock Exchange (IDX). The firm plans to set its IPO price of Rp280-356 per share. The company claimed that it is one of the 9 large...
JAKARTA (TheInsiderStories) - PT Bukopin Tbk plans to launch rights issue with maximum limit of 30 percent of the company's total shares, or 2.725 billion unit shares out of total shares of 9.086 billion units shares. The planned rights issue have been approved by the bank's sharehodlers at the...
JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX:SMGR) announced on Friday of its plan to issue bonds, called Sustainable Bond I Phase I 2017, worth Rp3 trillion, the proceeds of which will be used to refinance and fund its projects. The bonds issue is part of the company's medium...
  JAKARTA (TheInsiderStories) – PTTEP, an oil and gas company of Thailand, has decided to suspend its investment in Indonesia. The decision was made after the Indonesian government file lawsuit over Montara oil leak. “Indonesia is one of strategic investment countries of PTTEP that the company has plan to continuously invest...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today as some players may opt to cash out following gains early this week and last week. On Tuesday, the Jakarta Composite Index (JCI) edged down 0.19 percent or down 10.81 points at 5,697.06 points. Indosurya Securities projected the JCI to...
JAKARTA (TheInsiderStories) - The Indonesian government has filed a Rp 27.4 trillion compensation lawsuit at the Central Jakarta District Court over the explosion tragedy at the Montara oil and gas field in Australia in 2009, which has polluted the waters of the Timor Sea, East Nusa Tenggara (NTT) province. The...
  JAKARTA (TheInsiderStories) -The Asia and Pacific region continues to deliver strong growth, in the face of widespread concerns about growing protectionism, a rapidly aging society, and slow productivity growth, according to the International Monetary Fund (IMF) latest regional report. The IMF estimates growth for the Asia and the Pacific region...
JAKARTA (TheInsiderStories) – The Panel of Judges at the North Jakarta District Court has sentenced Jakarta Governor Basuki T. Purnama two years in jail over alleged blasphemy case. Following the decision, Deputy Jakarta Governor Djarot Saiful Hidayat will assume the post as Acting Governor of Jakarta. “As I am one package...

Latest article

“Warung Pintar” Raises US$ 27.5M in Series B Funding

JAKARTA (TheInsiderStories) – Indonesia micro retail technology startup company Warung Pintar just announced that it had secured US$ 27,5 million in series B funding....

Malaysia’s Grab Create Digital Insurance Marketplace in SEA

JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060),...

Indonesia’s J Resources Private Placement May Stumble on Free Float Regulation

JAKARTA (TheInsiderStories) — Indonesian gold miner, PT J Resources Asia Pasifik Tbk (IDX: PSAB) will issue 2.64 billion new shares through private placement, said...

Industrial Bank of Korea Officially Owned Bank Agris

JAKARTA (TheInsiderStories) - Industrial Bank of Korea (IBK) officially owned 95.79 percent of Indonesian lender PT Bank Agris Tbk (IDX:AGRS). Followed the compeletion, IBK intends...

Insight: Expecting China’s Lower Borrowing Costs Impact on Indonesian Economy

JAKARTA (TheInsiderStories) — The bamboo curtain country is on its path to relieve the economic slowdown. China’ central bank took action by distributing RMB1.14...

The Global Economy: Rising Recession Risks

JAKARTA (TheInsiderStories) - The danger of a global economic downturn has risen, but the probability of a recession in 2019 is still low. After a brief...