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Revisiting Merdeka Copper
Shares of Merdeka Copper Gold (MDKA), a company controlled by Saratoga Group, Provident Group, and Boy Garibaldi Thohir, gained 2.5% to Rp4.070 on Friday last week (August 5) despite correction in gold prices. At this price, Merdeka Copper has market capitalization of Rp98.09 trillion, bigger than Adaro Energy (Rp97.6 trillion), which is also co-owned by Saratoga and Boy Thohir.
Business
Revisiting Merdeka Copper
Shares of Merdeka Copper Gold (MDKA), a company controlled by Saratoga Group, Provident Group, and Boy Garibaldi Thohir, gained 2.5% to Rp4.070 on Friday last week (August 5) despite correction in gold prices. At this price, Merdeka Copper has market capitalization of Rp98.09 trillion, bigger than Adaro Energy (Rp97.6 trillion), which is also co-owned by Saratoga and Boy Thohir.
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JCR Affirmed Indonesia’s Sovereign Credit Rating at BBB+ with Stable Outlook
Japan Credit Rating Agency, Ltd. (JCR) has affirmed Indonesia’s Sovereign Credit Rating at BBB+ (investment grade) with a stable outlook, as announced today, July 27, 2022. According to JCR, key factors that support the...
Oil Steadies After Wednesday’s Rout
WTI crude futures stabilized near $91 per barrel on Thursday after falling 4% in the previous session, as traders weighed a modest supply increase from OPEC+ against rising US crude inventories and signs of declining US gasoline...
Dollar Holds Steady as Key Jobs Data Looms
The dollar index held steady above 106 on Thursday after recovering from one-month lows earlier this week, as investors are preparing for a key monthly jobs report that could guide the outlook for US monetary policy. The US...
Profiles
William Tandiono passes away
William Tandiono, son-in-law of Dr Tahir (owner of Mayapada Group), who is also president director of PT Maha Properti Indonesia Tbk (MPRO), passed away on Saturday, July 23.
