Lorena Realizes IDR117.45Bn of the IPO
PT Eka Sari Lorena Transport, Tbk (LRNA IJ) realizes its initial public offering (IPO) funds up to IDR117.45bn (around 87%) until September 2017, from total fund worth IDR135bn. While the remaining worth IDR17.55bn, company puts on PT Bank Sinarmas Syariah and PT Bank Mayapada International, Tbk (MAYA.
Read More...BCA Finance’s Portfolio up to IDR25.3Trn
PT BCA Finance, the subsidiary of PT Bank Central Asia, Tbk (BBCA IJ), reported positive financing during 9M2017. Company’s portfolio worth up to IDR25.3trn, or increase almost 11% compare to same period 2016 worth.
Read More...Matahari Department Store Plans to Open 8 Outlets Next Year
PT Matahari Department Store, Tbk (LPPF IJ) is plans to open 6 – 8 new outlets in 2018, since retail demand in 3Q2017 and 4Q2017 shows positive trend but has not fully recovered. Company is also has signed an agreement with Walt Disney, allowing Matahari Department Store to sell Disney-branded products. Previously, company has closed.
Read More...Bank BRI Acquires Bahana Artha Ventura
Deputy of Ministry of State Owned Enterprise (SOE) expects to PT Bank Rakyat Indonesia, Tbk (BBRI IJ) to acqire PT Bahana Artha Ventura this year. Ministry of SOE is speeding up the process of establishment, and expected to finished next year. For the record, government is preparing the scheme for the establishment of SOE Bank’s.
Read More...Garuda Indonesia Optimistic its Performance on 3Q2017
PT Garuda Indonesia, Tbk (GIAA IJ) is optimistic on its 3Q2017’s performance, citing that it will a profit in the quarter, since there is a twofold increase from same period 2016. During 3Q2016, company reported its net income worth USD19.1mn. While according to company’s statement, Garuda Indonesia’s net income could reach USD70mn in 2H2017, a.
Read More...Blue Bird Receives Loan Facility Worth IDR1Trn
PT Blue Bird, Tbk (BIRD IJ), Indonesia’s taxi operator with strong brand equity, has received a loan facility worth IDR1trn by Bank Sumitomo, with a maturity of six years. The proceed will be used for its capital expenditure, to fund its fleet expansion plans, amidst fast-growing ride-hailing app-based service’s.
Read More...Binakarya Finished its IPO’s Fund Distribution IDR139Bn
PT Binakarya Jaya Abadi, Tbk (BIKA IJ) has finished its initial public offering (IPO) fund distribution totaling worth IDR139.2bn in September 2017. The largest fund distribution was allocated to increase its subsidiary, namely PT Binakarya Citra.
Read More...Mandiri Cuts its Deposits Interest’s Rate by 25Bps
PT Bank Mandiri (Persero), Tbk (BMRI IJ) cuts its 3-month and 6-month deposit interest’s rate by 25 basis points (bps), from 5.75% to 5.5%. The rates for the deposit segment of less than IDR100mn to less than IDR1bn, which also applies to 3 and 6 months tenors. Meanwhile, Bank Mandiri’s deposit interest rate for 12-month.
Read More...Adhi Karya’s September New Contracts Worth IDR30Trn
PT Adhi Karya (Persero), Tbk (ADHI IJ), the third largest construction company by market capitalization in Indonesia, secured its new contracts up to IDR30trn in September, higher almost 12% compare to last month IDR28.6trn. Construction and energy business’s new contract still dominated in September, up to over 96% of the overall.
Read More...Sido Muncul Buys Nyonya Meneer Assets
PT Sido Muncul, Tbk (SIDO IJ), is the largest herbal medicine producer in Indonesia, will buy assets of Nyonya Meneer worth IDR21.9bn. Sido will buy the assets such as: the land and building,through an auction on September 26, 2017. For the record, Nyonya Meneer’s land is located beside Sido’s.
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