Indonesia's mining giant, BUMI Resources (BUMI), is strategically shifting its gears, embarking on an ambitious journey to drastically diversify its revenue streams. The company aims for a substantial 50% non-coal revenue contribution by 2031, a…
Indonesia’s Government Eyes SAL Withdrawal from Himbara Banks:…
The Indonesian government is reportedly preparing to recall significant excess budget balances (SAL) currently held within state-owned banks, collectively known as Himbara, to reallocate funds for other national priorities. This potential move sparks critical questions…
SMRA: Summarecon Agung Divests Bali Property Stake in…
Property giant Summarecon Agung (SMRA) has executed a significant strategic move, divesting its stake in PT Bukit Permai Properti. This transaction, valued at a substantial IDR 536.3 billion, sees its subsidiaries offloading shares to Bukit…
ERAA, ERAL Stocks Soar: Erajaya Group Fuels Retail…
Erajaya Group, a dominant force in Indonesia's retail landscape, delivered a powerful performance in October 2025, with both ERAA (Erajaya Swasembada) and its subsidiary ERAL (Sinar Eka Selaras) posting impressive same-store sales growth (SSSG). This…
UBS Group AG Adjusts BUMI Holdings with Strategic…
JAKARTA – Global financial titan UBS Group AG executed a notable transaction in Indonesian coal giant PT Bumi Resources Tbk (BUMI), reducing its direct ownership stake. This move, totaling approximately IDR 176.2 billion, underscores the…
PNBN (Bank Pan Indonesia) CEO Flatly Denies ANZ…
JAKARTA – In a decisive move to quell market speculation, PNBN (Bank Pan Indonesia) CEO Herwidayatmo has categorically refuted reports alleging ANZ Group Holdings Ltd. has divested its significant stake in the Indonesian lender. This…
Indika Energy (INDY): Awak Mas Gold Mine Charges…
Jakarta-listed energy conglomerate, Indika Energy (INDY), is rapidly advancing its strategic diversification into the gold mining sector. The company's ambitious Awak Mas gold project shows significant progress, positioning INDY to tap into the precious metals…
TINS (PT Timah Tbk) Gears Up for Strategic…
Indonesia's leading tin miner, PT Timah Tbk (TINS), is poised for a significant transformation, actively pursuing a capital injection from state-owned financing entity Danantara. This strategic move aims to supercharge the company's downstream initiatives through…
IMPC: Major Shareholder PT Tunggal Jaya Investama Offloads…
In a significant market move, PT Tunggal Jaya Investama, a key shareholder in Impack Pratama Industri (IMPC), divested 700 million shares of the company on November 25, 2025. This strategic transaction, valued at approximately IDR…