Rights Issue of Vale
Shares of nickel producer Vale Indonesia (INCO) gained 5.1% to Rp3720 on Wednesday (Jan. 30) as investors responded positively to the Company’s rights issue plan for 20% shares. The stock has gained 14.8% year to date.
Read MoreMonth: January 2019
2018 Results: BRI & OCBC
PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) booked a net profit of Rp32.42 trillion in 2018, grew 11.6% from Rp29.04 trillion in 2017, supported by strong growth (21.8%) in non-interest income which contributed by fee-based income (15.5% growth) and recovery incomes (25%). Net interest income, meanwhile, rose 6.4% to Rp77.66 trillion whereas net interest margin (NIM) declined to 7.3% from 7.78%.
Read MoreMarket Snapshots & Corporate Action
Global markets gained on Wednesday (Jan. 30) after the United States (U.S.) Federal Reserve (the Fed) held interest rates steady and reaffirmed its position to be patient about further tightening firming in light of recent global economic and financial developments and muted inflation pressures.
Read MoreIndonesia’s Nickel-Steel Revolution
Indonesia Morowali Industrial Park (IMIP) in Morowali Regency, Central Sulawesi province, has been regular target of criticism by opposition related to the fast growing Chinese expatriate community in Indonesia. IMIP, however, has grown into one of the largest clusters for nickel-to-steel in the country.
Read MoreFit Company Raised Seed Funding from East Ventures
The Fit Company, a holding company that focuses on active and healthy lifestyle products in Indonesia, had secured an undisclosed amount of seed funding from East Ventures. Indonesia has big potential through its young consumer...
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