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Merck Indonesia’s expansion plans

Shares of PT Merck Tbk (MERK), subsidiary of Germany’s Merck AG, ended flat at Rp3,470 on Thursday (Feb 13) to make a market capitalisation of Rp1.55 trillion only (less than US$100 million), nothing compared to its parent (60.2 billion Euros). Merck is among the oldest issuers listed on the Indonesia Stock Exchange (IPO in 1981). 

Business

Merck Indonesia’s expansion plans

Shares of PT Merck Tbk (MERK), subsidiary of Germany’s Merck AG, ended flat at Rp3,470 on Thursday (Feb 13) to make a market capitalisation of Rp1.55 trillion only (less than US$100 million), nothing compared to its parent (60.2 billion Euros). Merck is among the oldest issuers listed on the Indonesia Stock Exchange (IPO in 1981). 

Profiles

Growing influence of Republikorp

President Prabowo Subianto and visiting Turkiye president Erdogan witnessed the signing of 13 agreements on Wednesday (Feb 12). One of them is the signing of a joint venture agreement between Turkiye’s Baykar and Indonesia’s Republikorp to build a drone factory here.

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