‘Involvement’ of police detectives in ‘monitoring’ stock trading?
Indonesian police has a new tasking: monitoring movement of equities in the stock market. Following substantial corrections in the composite index of Indonesia Stock Exchange (IHSG), the national police’s detectives (Bareskrim) have been deployed to find the culprits behind downfall of some stocks, which dragged down the index.
Data center business update
Data center business still attracts major business groups to enter the sector. Recently, Bersama Digital Infrastructure Asia Pte Ltd and Digital Realty have formed a joint venture (JV) to develop and operate data centers across Indonesia, forming Digital Realty Bersama.
Broiler boosts Charoen Pokphand’s margins
Shares of integrated poultry player Charoen Pokphand Indonesia (CPIN) ended slightly higher Tuesday (Mar 18), not affected by the broad market sentiment, as investors responded positively the company’s strong financial performance in 2024.
Market crash: Beyond Sri Mulyani Issue
So, Sufmi Dasco Ahmad, deputy speaker of the House of Representatives (DPR), led a tour of lawmakers to the floor of Indonesia Stock Exchange (IDX) following the crash of the stock market Tuesday (Mar 18). “Thought Sufmi’s boss (President Prabowo) doesn’t care about the equity market,” one market participant commented, referring to Prabowo’s earlier statements that only those owning shares are the ones losing economic interest.
Vietnam moving north, Indonesia going south
We’re witnessing contrasts between Vietnam and Indonesia in handling bureaucracy and efficiency measures. While Vietnam plans to reduce 20% workforce in the public sector in the next five years, Indonesia hires more than 1.1 million civil servants this year alone.
Bigger losses at bukalapak.com
Shares of bukalapak.com, once an e-commerce player seeking Decacorn status, opened lower by 2.3% to Rp129 this morning to make a market capitalisation of Rp13.51 trillion (US$823 million) as investors digest the company’s poor financial performance last year.
Bobobox, AC Ventures Investment, and the Controversy Over Puncak Bogor’s Development
Bobobox, a technology-based capsule accommodation startup, has come under scrutiny after receiving a government warning regarding the restructuring of water catchment areas in Puncak, Bogor. Previously, Bobobox had rapidly expanded across various cities with its modern, nature-friendly, and efficient accommodation concept.
Not out of the woods yet
Composite index of Indonesia Stock Exchange/IDX (IHSG/JKSE) ended higher by 1.42% Wednesday (Mar 19), but this was attributable to ‘recovery’ of the highly inflated stocks like Data Center Indonesia (DCII), Chandra Asri (TPIA), Barito Renewables (BREN), and Pantai Indah Kapuk Dua (PANI).
Conventional media losing more jobs
Media Nusantara Citra (MNCN), Surya Citra Media (SCMA), and Visi Media Asia (VIVA), which combined controlling six major TV stations, reported substantial drop in workforce last year admits steady decline of revenues and growing popularity of social media platforms among advertisers.
Hashim aborts plan to join, Baru Gold lost ground
Share of Baru Gold Corp (TSXV: BARU – OTC: BARUF) ended down 23.08% to C$0.05 to make market capitalization C$14.6 million after the Company updated its latest information regarding shareholders on status of search for strategic partners and investors.