Recent Articles
Corporations to Watch
Sinar Mas Group unit, Indah Kiat Pulp & Paper (INKP), has prepared funds of Rp4.3 trillion to buyback five series of medium-term notes (MTN) issued in 2017-2018. The company offers buyback on Nov. 8–22, and the repurchase date will be held on Dec. 9.
Business
Corporations to Watch
Sinar Mas Group unit, Indah Kiat Pulp & Paper (INKP), has prepared funds of Rp4.3 trillion to buyback five series of medium-term notes (MTN) issued in 2017-2018. The company offers buyback on Nov. 8–22, and the repurchase date will be held on Dec. 9.
QUICK UPDATES
Govt Imposes Textile Product Import Tariffs Up to 67%
The Indonesian government has imposed temporary additional duties on imports of textiles and textile products up to 67.70%. The fresh move is a safeguard measure to protect the domestic upstream industry from a recent surge in...
Kereta Api Indonesia Offers Local Bonds Rp2 Trillion
PT Kereta Api Indonesia (KAI), a state-owned train operator, offered local bonds worth of Rp2 trillion to investors today (11/11). The proceed from bond issuance will be used to pay the company loans and business development....
China Molybdenum Buys 30% Huayeu Shares in Indonesia
China Molybdenum Co. (CMOC) through its financial arm W-Source planned to take an indirect 30% stake in an Indonesian project own by PT Huayue Nickel Cobalt. The seller is investment firm, Newstride Limited, and PT Indonesia...
Profiles
Major Business Groups So Far (4)
Sinarmas Multiartha (SMMA), sub-holding of Sinarmas Group for financial sector, is currently the largest company within the group based on market capitalization. SMMA, which is parent of Bank Sinarmas, has market cap of Rp82.78 trillion or 3.6 x equity as at September 30, 2019 (Rp23.09 trillion).