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…
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 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…
In a significant move that has captured the market's attention, institutional investor PT Investindo Buana Ultima IRSX from its portfolio. This substantial divestment, executed between January 2 and 7, 2026, saw the firm's ownership in…
Indonesia is rapidly solidifying its position as a global electric vehicle (EV) battery powerhouse, with state-owned mining giant PT Aneka Tambang Tbk (ANTM) at the epicenter. A monumental US$6 billion integrated EV battery industry project,…
Bumi Resources Minerals (BRMS) is setting an ambitious course, targeting a significant surge in its gold production. The Indonesian mining giant aims to hit at least 80,000 troy ounces by 2026, signaling robust growth for…
In a notable move signaling strong internal conviction, key board members of PT Ultra Jaya Milk Industry & Trading Company Tbk (ULTJ) significantly increased their stakes in the prominent Indonesian dairy and beverage giant. These…
RMK Energy (RMKE) is charting an aggressive growth trajectory, with President Director Vincent Saputra unveiling a bold target: a staggering Rp800 billion net profit and Rp4.1 trillion in revenue by 2026. This ambitious outlook represents…