JAKARTA – State-owned tin miner PT Timah Tbk (TINS) is charting a course of financial independence, as key stakeholders signal confidence in its self-remediation capabilities. Despite prior discussions about potential capital infusions, Danantara, an investment…
IRSX, formally known as Folago Global Nusantara, is poised for a significant financial maneuver, announcing an ambitious rights issue to raise approximately Rp3.7 trillion. This strategic equity financing initiative is designed to bolster the company's…
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, recently affirmed the government's steadfast commitment to maintain its budget deficit within the legal 3% of GDP ceiling. This declaration emerged on Wednesday, January 14, as the…
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO), Indonesia's leading herbal medicine and pharmaceutical company, is actively exploring the possibility of bringing in a strategic investor. This move, aimed at propelling the business "to…
Barito Renewables Energy (BREN) is electrifying headlines as its controlling shareholder, Prajogo Pangestu, bolsters his stake, coinciding with a significant geothermal power discovery. This dual development signals robust confidence and a tangible expansion of Indonesia's…
Indonesia's bustling ride-hailing industry stands on the precipice of a significant transformation as a proposed presidential decree threatens to drastically reshape the operational economics for major players. This draft regulation, if enacted, could halve the…
Jakarta's strategic maneuvers in the global energy arena are once again commanding attention, with the Indonesian government affirming its unwavering commitment to palm oil-based biofuels. Crucial policy updates announced this week signal a prolonged dedication…
Indonesia's prominent gold jewelry manufacturer and distributor, Hartadinata Abadi (HRTA), is setting an aggressive course for the coming years. The company's director, Thendra Crisnanda, recently revealed to Kontan that HRTA aims for a robust double-digit…
JAKARTA – In a significant move reverberating through Indonesia's capital markets, Chengdong Investment Corporation has strategically reduced its direct ownership in coal giant PT Bumi Resources Tbk (BUMI). The institutional investor divested approximately 3.7 billion…