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Reality Check on Barito Renewables

Shares of Barito Renewables (BREN), controlled by tycoon Prajogo Pangestu, opened lower by 1% to Rp5,100 this morning as investors digesting bottomline performance of the company last year. Minutes into trading, however, the stock regained grounds 2% to make a market capitalisation of Rp705.7 trillion, third largest on IDX behind BCA and BRI.

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Reality Check on Barito Renewables

Shares of Barito Renewables (BREN), controlled by tycoon Prajogo Pangestu, opened lower by 1% to Rp5,100 this morning as investors digesting bottomline performance of the company last year. Minutes into trading, however, the stock regained grounds 2% to make a market capitalisation of Rp705.7 trillion, third largest on IDX behind BCA and BRI.

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Indonesia Consumer Morale Lowest in 5 Months

Indonesia’s consumer confidence declined to 123.1 in February 2024 from January’s five-month high of 125.0 amid rising inflation. It was the lowest reading since last September, as three out of six sub-indices...

Palm Oil Rises, Trading around MYR 4,140

Malaysian palm oil futures hovered around MYR 4,140 per tonne after being flat in the prior session, supported by strength in Dalian edible oils, firmer crude oil prices, and a weaker ringgit. The contracts were near their...

Oil Rises 2% on US Crude Stock Draw

WTI crude futures rose more than 2% to above $79 per barrel on Wednesday, after US government data showed an unexpected decrease in crude stocks. The EIA report showed crude oil inventories in the US fell by 1.536 million...

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Erna Djuhadi passes away

Erna Hartany Djuhadi (Tan Bie Swan) has just passed away at the age of 87. Erna, wife of the late Subijanto Djuhadi, the second generation of cigarette producer, PT Nojorono Tobacco International, leaves one of the richest families in the country. 

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