Towards the end of last week, an interesting lawsuit was filed by PT Bank Mayapada Internasional Tbk against several companies as well as one Suganda Setiadikurnia (or Setiadi Kurnia). No information has been provided by the...
Read MoreThree years ago, the Ministry of Environment and Forestry sue PT Rambang Agro Jaya (PT RAJ) to force the company into taking responsibility for forest fires that occurred on 500 hectares of company’s concession in Ogan...
Read MoreFlag carrier Garuda Indonesia (GIAA) expects to get funds from state assets management firm (PPA) and government capital placement (PMN), which will be used to add 120 aircrafts. Garuda’s President Director Irfan...
Read MoreShares of Bank Pan Indonesia (PNBN) lost 4% to Rp2,160 on Friday last week (August 26) as investors digesting report about Sumitomo Mitsui Financial Group’s intention to become controlling shareholder. PNBN, co-owned by...
Read MoreCoal miner TBS Energi Utama (TOBA), linked to the family of Luhut Binsar Panjaitan, coordinating minister of maritime and investment affairs, booked net profit of US$51.2 million in the first half (H1) of 2022, jumped 70% year on year (y/y) as revenue grew 47.6% y/y to US$279.5 million. Operating profit jumped 60% y/y to US$72.6 million, thanks to higher average price of thermal coal.
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